Rich Dad's Guide to Becoming Rich Without Cutting Up Your Credit Cards: Turn Bad Debt Into Good Debt by Robert T. Kiyosaki
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Summary
Rich Dad's Guide to Becoming Rich will... •Explain why cutting up your credit cards is a short-sighted, quick fix that doesn't address the underlying problem of bad debt •Describe the difference between good debt and bad debt •Illustrate how using credit cards to buy liabilities will only make you poor •Show why using credit cards responsibly is a first step toward taking control of your financial future •Teach you the importance of having your money work for you...so you won't spend your life working for money. "The main reason people struggle financially is because they have spent years in school, but learned nothing about money. The result is that people learn to work for money... but never learn to have money work for them." - Robert Kiyosaki Entrepreneur, investor, educator, and author of the #1 Personal Finance book of all time, Rich Dad Poor Dad
I couldn't remember the last three hours of the book. I think it was about money or something like that. Honestly, it felt like a bunch of unnecessary content, like those long anime episodes that don't really add anything to the plot. It's kind of impressive considering the book is only three hours long.
Having been a fan of Rich Dad books for quite some time, I couldn't help but be intrigued by the title of this one. I was hoping to stumble upon some fresh insights, but unfortunately, there wasn't a whole lot of new information to be found. However, if you're already on board with the Rich Dad ideology, it's still worth giving this book a go (or a listen, if that's more your style). It's important to note that this book assumes you've already delved into the previous Rich Dad books, as it frequently references charts and concepts from those works. Personally, I found this to be a good reminder to revisit those older volumes. All in all, while I could have simply revisited one of my old favorites, I must admit that this book served as a pleasant refresher.
This book offers similar information to other books in the series. I would advise against purchasing it. "Poor Dad and Rich Dad" and "Cash Flow Quadrant" are excellent reads, but this one falls short.
This book was such a waste of my time. The author goes on and on about the significance of being financially savvy, throws in numerous one-liner examples of what it means to be financially clueless, but never actually provides any useful advice on how to improve our financial situation. It feels like he's just spending three hours pointing out the issues with our financially ignorant society, without offering any solutions or actionable steps. I was expecting to learn something valuable from this book, but instead, it's just a narrative of the problems in the world without any practical guidance.
The book was way too repetitive. The main points that stood out were the importance of getting involved in real estate, paying off credit card debt completely, and being willing to take risks. The narrator did a great job.
This audiobook is an excellent resource for anyone interested in gaining knowledge about personal finance. I've been immersing myself in all of the books in the Rich Dad Poor Dad series.
This audiobook is great at providing insight into the reasons behind your financial woes and offers practical advice on how to overcome them and improve your situation.
If you haven't checked out his books yet, this is definitely one to start with. It's not as lengthy as a film, but it brings a lot more value to your life.
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