this post was submitted on 03 Jan 2024
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[–] fine_sandy_bottom@lemmy.dbzer0.com 136 points 10 months ago (32 children)

So, ah, that's not how that works.

If he "goes bust" and can't make repayments the bank will take his cars and silver and gold.

This guy is a great author, and those four words "rich dad, poor dad" are masterfully crafted. The book basically says borrow money to buy houses not boats. It's not revolutionary, it's just packaged in a way which is appealing to... poor dads.

[–] helenslunch@feddit.nl 15 points 10 months ago (3 children)

Ya know I never really understood it. This book was recommended to me 94295832 times so I read it and everything in it seemed super obvious, and it was mostly just boring anecdotes about how he discovered the idea of putting your money to work for you.

[–] Seventhlevin@lemmy.world 4 points 10 months ago (2 children)

You might be surprised then, to see how many people seem to lack understanding of that apparently obvious concept.

[–] helenslunch@feddit.nl 7 points 10 months ago

I mean yeah I get that. But to have all these already-successful people praising it as some sort of great revelation is strange to me.

[–] werefreeatlast@lemmy.world -1 points 10 months ago

That's his book market.... people too dumb to understand that money begets money. Since you got none, you give it away easily.

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