After a couple of years of listening to real estate podcasts, especially BiggerPockets, I decided to revisit Rich Dad Poor Dad. It’s not really an instructional book but more of a mindset book—one that challenges your views on what counts as an asset, what a liability truly is, and how you perceive the meaning of work. There’s a lot to reflect on.
Overall, it’s a great read, though if you dig too deeply into the details, some parts may not hold up to strict reasoning. But if you focus on the core message—making your assets work for you and adopting a capitalist mindset—it’s a book worth reading five times over.
Specifically, Robert Kiyosaki doesn’t consider a primary residence an asset, which seems like a major bias. In expensive housing markets such as New York City and the San Francisco Bay Area. In reality, for many people, their primary home is their largest and most valuable asset, and homeowners in those regions have often done exceptionally well over the decades through appreciation and equity growth.