Quote:
Originally Posted by Retch The Grate
I seriously hated his books, I read Rich Dad, Poor Dad many years ago and was really amazed that it had so many boosters. It was just pages of gibberish and silly graphs, with literally zero actionable advice. I finished it and went back to sticking my investments in index funds. I read a second one since with all the hype there must be something to it, and no, nothing actionable in whatever the second one I read was either.
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Read Rich Dad too, almost 15 years ago. Never heard of it until I started chatting to a guy at a local coffee shop. The conversation really got going when we discovered that we both hated our j*bs! We started kicking around the idea of becoming our own bosses. He said that he had been working on something for years, and, wait for it, he wanted to get together to really talk this opportunity through. References to Rich Dad were sprinked throughout the conversation. Well, long story short, we sent me to a nameless meeting in a nondiscript office complex and I realized that he was he was pimping for Amway. I said "no thanks" and never heard from my new "buddy" again.
I did read through Rich Dad, and it seemed to take forever to get the punch line of leveraged real estate to generate passive income. The passive income idea was new to me, but real estate was part of my parents' business and I didn't want to deal with the hassles (didn't seem very passive!).
So, I decided to keep the passive income idea and I stick with my original plan to use mutual funds to fuel my exit from corporate hell. I doubled my savings rate, realizing there was no other "silver bullet" for me, and I FIRE'd 15 years later.
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