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High Quality · 12-09-2002, 02:09 PM

I've read "Rich Dad, Poor Dad" a couple of times. I think that there is a lot of crap in it, just like there is in most "self-help" books. However, this crap is mostly for people who dont even have $1 in the bank, and how to jump start themselves from being fat slobs, to being productive. In saying that, I think the author makes some very good points in regard to real estate - like buying a home is a massive liability. He's right on that. Interest rates, property taxes and home improvement projects make owning a home a bitch - the only way to really come out on top is to buy in a fast growing area of the country where the value of the home increases rapidly, and to buy it with cash.

But basically all else isn't really too useful. I still own a copy however, and recommend the book.

12-09-2002, 02:09 PM
High Quality Confirmed User Join Date: Feb 2002 Location: Vegas Posts: 5,741	I've read "Rich Dad, Poor Dad" a couple of times. I think that there is a lot of crap in it, just like there is in most "self-help" books. However, this crap is mostly for people who dont even have $1 in the bank, and how to jump start themselves from being fat slobs, to being productive. In saying that, I think the author makes some very good points in regard to real estate - like buying a home is a massive liability. He's right on that. Interest rates, property taxes and home improvement projects make owning a home a bitch - the only way to really come out on top is to buy in a fast growing area of the country where the value of the home increases rapidly, and to buy it with cash. But basically all else isn't really too useful. I still own a copy however, and recommend the book.