Hacker News Reader

Comment by mbrodersen | Hacker News Reader

Read “Rich Dad Poor Dad”. It is really all you have to do to get the financial education needed to manage money well. It changed my life.

View on HN

Counter view: Rich Dad, Poor Dad is a awful book with terrible advice written by a charlatan. Stay well away from it.

I read the book as a teenager and gave me some thought on financial literacy from a very young age. As a starting point with a good story its a decent book. Unsure about the rest of the series.

The rest of the series is simply the same message repeated in different ways. Not worth the $. All you need is the first book.

Maybe you can provide some detail for this counter view? Otherwise it’s just confusing what to believe.

Let's see:

- He discounts the (financial) value of education

- Deliberately muddles the definition of an asset and a liability

- Suggests commiting tax fraud and participating in insider trading

- Fails to offer any actually good investment advice

Thanks for the clarification! I will steer clear of this book then.

You might want to take everything with a grain of salt. The book. And the criticism of the book.

The negative reviewer clearly didn’t get the book or for some reason dislike the author. The counter examples are simply false.

The entire premise of Rich Dad, Poor Dad is to move from the ES (Employment, Service) side of his ESBI equation to BI (Business, Investment). This is sound financial advice. You're also confusing tax deferral with tax fraud. Nothing he wrote is illegal.

Yep agree. The negative reviewer clearly didn’t get it.

Have you even read the book? It sounds as if you either didn’t read it or simply didn’t get it.

Which specific point in my comment do you take issue with?

All of them. I get that you don’t like the author. OK that’s fine. But every single counter argument you make is false.

Reply on news.ycombinator.com