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We're excited to bring you a very special 4-part series to close out 2024! Chelsea is joined by @celebritymemoirbookclub to discuss Rich Dad, Poor Dad.
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The dude who wrote it is completely bankrupt haha
That is incorrect. I’m not sure where you get this idea?
@@NotoriousC90Robert Kiyosaki did go bankrupt in 2012 and is more than a billion dollars in debt right now
@@ThatPazuzu strategically declaring bankruptcy and leveraging debt are VERY different to being “completely bankrupt” OP is suggesting the guy is basically homeless or without a fortune, which is completely incorrect.
@@NotoriousC90well, OP didn’t say that. You imagined they said more than they did and got mad because the words you imagined were incorrect. You could have said something to add context but it’s not like OP is wrong in anyway
@@ThatPazuzu do you really lack the comprehension to understand what OP meant by “completely bankrupt” and what their implications were?
I am not inventing a narrative to support my case. If the OP had said “Robert Kiyosaki has previously declared himself bankrupt” I would have scrolled on by.
I was an impressionable reader at 22 years old and thought that Rich Dad, Poor Dad was a gospel-level treatise. I am glad I found TFD.
I cringe to fess up I was right there with you! 😊
So did i!!!! Same age too!
2 minutes into the video and I just want to say that after being recommeded this book so many times by close friends, I bought it. Returned it (in great condition) after 10 pages because it was giving weird vibes. I felt like the kids who called the emperor naked. Now I feel vindicated. Thanks, Chelsea 🙂
Are you still friends with those people?
I am SO glad that more and more people are pushing back hard against the awful (and potential illegal and scammy) ideas presented in this book.
The common criticism of this book and Kiyosaki about the latter filing bankruptcy misses the forest for the tress.
This is much-needed.
I clicked on this so quickly. I read this book many years ago. My boyfriend’s entrepreneur dad gave him a signed copy of it. (Signed by my boyfriend’s own dad. 😂) I felt gross reading it and couldn’t explain why at the time. This is the first time I’ve heard anyone else express how this book made me feel.
Same reading experience! This was my first “finance literature” that was recommended to me by an entrepreneur friend. It was an easy read but ironically also took some time to go through because I couldn’t believe what I was reading. Robert really caters to very impressionable audiences and gives some questionable advice. I would really categorize his “finance advise” along with David Ramsey’s as “good for beginner learners, but not for long term use.”
There’s also Robert’s personality, which is a whole other subject. Can’t wait to listen to part 2.
The book will make a lot more sense if you read it from the perspective of knowing that he was somebody who was told that anyone who wants to be successful at MLM’s and Tony Robbins style “consulting” needs to publish a book, so he reads a bunch of other self-help books, determines a market he’s going after, and then writes a book that is largely just a repeat of common MLM/Self-help tropes with a personalized,and likely largely invented, narrative. He’s selling the narrative of himself as a successful person who will teach you to be successful, but only if you buy his next book and seminar, which largely just repeat what was in his book(s). Repeat for as long as he can keep you on the hook. This is a common loop among MLM “gurus”. They offer almost nothing original, just repackaged advice and concepts that they got from another guru or self-help poster. See also – virtually every LinkedIn influencer.
yep, that is definitely a formula. scamming pays so ppl will keep doing it, esp since there is generally no downside as long as you don’t mind never sleeping through the night lol
I think there has to be a certain amount of honesty that a lot of people, including myself, started our financial literacy journey with this book. It may be crazy now but 15 years ago it got me started thinking more intentionally about my financial future.
Nothing to be ashamed about. We all need to start somewhere
@@CaraMarie13 I’m not the least ashamed. I’m surprised how many people in the comments knew how wrong it was at first blush. The author and this book have a huge following and have sold millions of copies. That can’t be denied. There is a certain amount of denial happening in hindsight. I’m sure I’m not the only one who learned from the “surface-level mediocracy” of the parable offered. I’m actually offended by the whole tone of this interview. The author turned out to be a true conman but these three are making anyone who gained anything useful from the content of this book sound like fools at best and gullible idiots at worst.
@CaraMarie13 I’m not ashamed at all. In fact, I find the whole tone of this interview offensive. The author turned out to be a conman, fair enough, but this book has sold millions of copies and that is because it introduced, at a very high level, financial concepts to millions of people who had never even considered them. The hosts are dismissing people like me as foolish and gullible. 15 years ago, there was no Reddit sub or TFD to learn from. This book helped springboard many of us to where we are today. Why would I be ashamed of that?
My first boyfriend had this when we were in high school, his mother gifted it to him and his twin brother ❤
me too
If nobody has asked you to read this book in a thinly veiled attempt to recruit you into an MLM, are you even in your 30s??
😂😂😂😂😂😂 omgggg i feel so attacked because it’s true!!!!!!
Oh yes!!!🙌
Happened to my husband and me in our early 20’s (and yes, we are in our early 30’s.
OMGGGG THIS COMMENT TOOK ME OUT🤣🤣🤣
Happened to me with an Amway pitch to follow!
My philosophy teacher in college decided instead of teaching philosophy we were going to spend the semester on Rich Dad Poor Dad. I’ve hated Robert Kiyasaki with every bit of my being ever since. Super excited for this one.
What philosophy class would that even be relevant to lol
why the hell was a college philosophy teacher using that? Are you exaggerating something here? 😂
Sadly in Indiana, I was forced to read this book as part of my required high school “economics” course. Even then I noticed the contradictions and tax fraud at 17 years old.
Like Trump “tax fraud” or Hillary Clinton’s donor’s “tax fraud” ?
I hope you told your economics teacher they were stupid and should quit their job to go flip homes instead of being a poor teacher.
Oh boy
Sweet home Indiana
“if books could kill” covered this and it’s hilarious
Yes!!! My first thought upon seeing this! I love them 😍
I hardly comment but just wanted to say thanks for reviewing this! As others have also expressed, this was my first “intro to finance” book when I was about 25. But even as an intro book, there were some questionable details I couldn’t get past and I felt like I could only give honest feedback to anyone who HADN’T yet read the book. I read other finance books to see how they compared, including “Broke Millennial” which had much more helpful information and was much better written. I really couldn’t get past the writing style, you hit the nail on the head with “very Dr. Seuss,” he really writes like he’s talking to 5 year olds.
Anyway, I tried giving Robert a chance (to not be immediately bias) by listening to his podcast after reading the book. It didn’t take long to learn the type of person he is.
I knew I would appreciate your review and clicked right away. Can’t wait for part 2!
This book confused the heck out of me in my 20s. My ex-boyfriend loved it. When I pointed out certain scamish things or stuff I couldn’t make sense of, he just said i had a poor dad mindset. We broke up. 😅 A couple of years later, i started dating a guy, and we talked about finances as any fresh couple would. This book came up, and I asked if he had read it. “I did, but it seemed weird, and I could never really finish it.” At that moment, i knew he was the one 😂 happily married and our finances are a ok 👌🏾
Oh, so maybe we have to read it and use it as a determining factor when choosing a partner!!!
So I was confused too–but I think it’s that my mom gave it to me as a Christmas present in college. I was always told I had to go to college and become “gainfully employed”–her words. Also both my parents were public school teachers…So I think I read the first few chapters and that’s as far as I got. Basically the point where he starts talking about the difference between Rich Dad and Poor Dad. She died a few years after so I can’t ask, why did you want me to read this, but it is something in the years since I’ve wondered about
Love that ❤️
Good! That ex didn’t even respect your opinion. Happy ending ❤
The podcast If Books Could Kill has an excellent episode on this book, too! I can’t help but subtly judge people who name-drop this book like they’ve somehow become an enlightened entrepreneur lol…
I do too. I label them schemers and I avoid. 😂
“All the way down Marx blvd. and then a hard right on to the Ayn Rand express!!” Love it!
Girl on the left reeeeeaally needs to let girl in the middle talk. Like, sure, you have a lot of interesting stuff to say, but … breathe.
I had to read this book for an advanced English course in 10th grade, 20 years ago—all I remembered was that nobody enjoyed it and the class discussions were very quiet, and our teacher had to drag us through it. Now listening to this podcast recapping the themes, it’s starting to come back to me. And I’m thinking of that teacher in a new light.
If you consider that this guy, as a kid, was exposed to a ton of lead in childhood (from the toothpaste tubes), the whole book makes a lot more sense.
I just saw a study that people born before 1986 had a lot of lead exposure from leaded gas fumes.
I love the roasting of this book SO much. All the top huns in my former MLM *loved* this book. It’s books like this that keep people in MLMs because they think if they get a dreaded 9-5 they have failed and they are terrible. I had to work through a lot of 9-5 shame in therapy, which sounds crazy, but it really messed me up that much. Now I’m very proud to have a 9-5 and I love the stable income!
Thank you SO MUCH for unpacking this book. I read this book at 28, just got my masters degree, and didn’t have much in the savings. This book triggered me like no other, and still to this day, I’m unlearning a lot of the scarcity mindset that this book activated. Like so many, this book was my first intro to personal finance, and THANK GOODNESS you create the content you create, Chelsea. I love that you take these things off the pedestal, because quite frankly, they don’t belong there!