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If Books Could Kill

Rich Dad Poor Dad

If Books Could Kill

Michael Hobbes & Peter Shamshiri

Arts, Politics, Books, Society & Culture, News

4.68.2K Ratings

🗓️ 6 April 2023

⏱️ 74 minutes

🧾️ Download transcript

Summary

Transcript

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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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