Just curious about everyone's take on the book Rich Dad Poor Dad by Robert T. Kiyosaki. For context, I just finished reading it for the first time (recommended to me by a mentor) and found lots of great principles on personal finance and investing, but still feel at a loss. I'm convinced about the importance building assets and understanding money, and making it work for you. Kiyosaki touts the goal is to develop passive income and portfolio based income. I feel the method championed is real estate, and small cap stocks.I know lots of people on this thread have found many ways to create passive income a lot faster than say real estate. I also disagree with Kiyosaki's early dismissal of starting your own business as an effective way to build wealth. (He says most fail, which is fair, and discourages anyone from it unless they are passionate about it. I find that ironic, given how successful the Rich Dad franchise has become.)The book talks about slowly building a modest portfolio while working a standard job. At best, I feel like you get to retire 10 yrs. early if you are successful. Plus, the strategy is really only practical if you have disposable income to begin with...What do you as an entrepreneur think of the rich dad philosophy? Can you take the Rich Dad approach before/during? Is it practical? I guess I'm trying to expand my mindset more and would like help knowing how to apply the principles as an entrepreneur? The goal of course is financial independence. see hubwealthy.com/wealthy
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