Rich Dad Poor Dad
- This book by far has had the most influence on my life. It’s the single book that shaped how I look at money today. What’s crazy is, I read this book when I was 18 years old and on the first read, I understood it.. But it didn’t have a major impact on me. Once I became 22 years old and re-read it about 2-3 more times, it all hit me and I understood every word. How rich people become more rich. How people who come across a lot of money, end up losing it all. What real estate investing actually is and how it can be more lucrative than other forms of investing. Everything!
- If you have no idea how money works, I’d implore you to read the first half of this book. The only reason I say the first half, is because the 2nd half primarily focuses on Real Estate Investing. You may want to come back and re-read that section a few months/years later because 1031 Exchanges and Tax Codes can be confusing. The first half is about a story of a young boy who had a poor dad physically, and a rich dad (his best friend’s dad). It paints a picture of how a kid who was raised by a poor dad, went out on a quest to understand how he can become rich. The poor dad raised him to believe he had to get good grades, go to college, get a 9-5, just to be able to potentially retire by 65, while his rich dad is teaching him how to be a businessman, teaching him that school matters but it’s not the end-all be-all, how your assets should pay for your liabilities, and more. It’s a great story that helped me look at money completely different than I did when I was younger, and I can honestly say that it was the start of my entrepreneurial journey. If you read it before and didn’t get much from it, that’s okay. It was the first book I ever read, and I had to read it several times before it finally hit me!