4.6 • 8.2K Ratings
🗓️ 6 April 2023
⏱️ 74 minutes
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In 1997, Robert Kiyosaki revealed the secret to lifelong success: Deliver grifty seminars and hire child slaves.
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0:00.0 | Peter. Michael. What do you know about a book called Rich Dad Poor Dad? |
0:04.3 | So I haven't read the book, but I do know that the only difference between a rich dad and a poor |
0:08.2 | dad is that one of them invested in game stuff. |
0:10.7 | So Rich Dad Poor Dad is a book by Robert Kiyosaki, which was self-published in 1997, and then published, |
0:32.0 | published in the year 2000. This book is on numerous lists as the best-selling personal finance |
0:39.6 | book of all time. So this is not ancient history. I looked at the personal finance bestsellers on |
0:46.4 | Amazon today of the top 10 four of them are Rich Dad Poor Dad. Wow. |
0:52.7 | Paperback, hardback, audiobook, whatever. He has three million subscribers on YouTube. He has six |
0:58.1 | million subscribers on Facebook. That's that that's that Rich Dad mentality. I know almost nothing |
1:03.7 | about this book other than it's like a sort of weirdly conservative personal finance book, |
1:10.6 | which is that's almost redundant because the I don't I almost I almost had the field of |
1:16.8 | personal finance, but that's not that's not really what it is. It's more of a convention center |
1:21.4 | parking lot where people are selling pizzas out of the trunk of their car. They have to go into sort |
1:28.0 | of weird bootstrap energy places very quickly because actually good personal finance advice is |
1:36.0 | super boring, right? It's like yes. Make a budget invest in mutual funds and ETFs like diversify. |
1:43.1 | Yeah. You can't write a best-selling book based on that. You need to bring a truly dark, |
1:48.6 | demonic energy into it to get people going. Yeah. It's very similar to health advice where it's |
1:54.8 | eat fruits and vegetables, try to exercise every day. It's like the actual retirement advice |
1:59.9 | you've heard a million times. Like try to save some percentage of your money, put it in early, |
2:04.6 | get compound interest. Like the books that actually make a ton of valid points never sell 30 million |
2:12.5 | copies. Yeah, no shit. Invest in low-cost mutual funds, the book. That's in zero airports. That's |
2:18.9 | the foundation of our podcast. So I want to get into the book as fast as possible because I feel |
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