What is Reddit's opinion of
Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!?
From 3.5 billion Reddit comments
By popularity on Reddit, this product is:
12 reviews of this product found across Reddit:
Rich Dad Poor Dad is considered one of the best investment books.
Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! https://www.amazon.com/dp/1612680011/ref=cm_sw_r_awd_fXZyvb1F096QZ
Edit: Wow there are some people on this thread down voting like bitches. I recommended a book so push off ya pricks.
https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680011
just finished this book. a must read for everyone
Rich Dad poor dad is a very famous and well recommended book. https://www.amazon.co.uk/Rich-Dad-Poor-Teach-Middle/dp/1612680011. 4.5* from 1,277 Amazon reviews
Here are a couple of suggestions too:
- On the day you get paid , have 10% of your paycheque go to your savings account (e.g. an ISA). That way, you can't touch it, and are not able to spend it
- As mentioned by some others, once you put your expenses in a speadsheet, you can see exactly where most of your money is going. You can then come up with some strategies to reduce it
- Below are some strategies to cut costs
--> Use comparison sites to cut costs for phone bills, energy costs, car insurance etc
--> Carry out online shopping through www.topcashback.co.uk, and they will give you cashback
Sounds like a great father, he is working to build a desirable habit in you real early. But really your investing will start once you have regular income.
> Any sources to learn about such stuff?
Too many sources to mention. The book, The Intelligent Investor by Benjamin Graham continues to be a gold standard. But it is pretty wordy and difficult for the first timer. Rich Dad, Poor Dad is exciting to read but very shallow and even misleading. Most of these books use the American market in perspective.
The Four Pillars of Investing. Great book for beginners!
Get a hold of this book, It will change your thinking :
https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680011
I'm pretty sure it is this book: Rich Dad Poor Dad
https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680011
A copy of this book
Oh wait you can't afford that either
Wow, you're really doing great so far! You're a little ahead of my situation, but I think some of the material I've been reading lately may be interesting/helpful to you.
<em>Rich Dad, Poor Dad</em>. Inexpensive book that opened up my mind to thinking more creatively for building wealth.
<em>Wall Street Journal's Complete Real Estate Investing Guidebook</em>. I'm interested in using real estate as a creative (albeit unoriginal) means of increasing my income in future years, and since you also mentioned getting into this, I think you'll enjoy and benefit from the lessons in this book. Also a pretty inexpensive book.
One of the lessons from Rich Dad, Poor Dad was to read about your heroes, referring to people who have done things you want to do. You don't read fitness books written by people who clearly aren't qualified—you study from people who are successful at staying in shape. Likewise, we should read the writings of the financially successful. That advice led me to get The Art of the Deal, which I just started this week. Regardless of how people may feel about Trump's political ambitions, he's been successful in real estate, and we could probably learn a few things from him.
Another controversial figure is Dave Ramsey. But based on what you wrote above, you've done an excellent job on following his plan. Take a glance at his 7 Baby Steps to see for yourself and get some guidance for moving forward.
Hope this helps!
Baby Step #7: Build wealth and give!
Once your financial house is in order—all debts are paid off, emergency funds are fully funded, retirement contributions are maxed out, then the only thing left to do is keep finding ways to build wealth and enjoy it.
I've been reading a book this week (almost done) that has really helped me think of some things I can do once I get to that point myself. <em>Rich Dad, Poor Dad</em> by Robert Kiyosaki really harps on the idea that money should work for you, instead of you working for money; the trick is to find creative ways to make that happen. It's got me really excited to get my debts and savings squared away so I can move on to the wealth-building stage!
Edited to add: In response to your remark about chasing income increases… read the book linked above! Don't just make it your long-term goal to keep finding ways to work for more money, when you could be finding ways to get money working for you! It's not right for everybody (it might not even be right for me), but the sooner people think about it like that, the sooner they can try it for themselves, the better their chances of achieving it!
The book Rich Dad Poor Dad has had a dramatic effect on my financial choices. Also Malcolm Gladwell's Outliers is an incredible book, and really fun to read.
you should read or listen to the book Rich Dad Poor Dad. seems like you have a good steady foundation. you should start building on that.
Popular alternatives to Rich Dad Poor Dad: What The...
The Intelligent Investor Rev Ed.: The Definitive Book on Value Investing
The Simple Path to Wealth: Your road map to financial independence and a rich, free life
