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Interesting to notice similar comments regarding Robert Kiyosaki’s book. From personal experience the book provided more than inspiration. I agree that the book does not provide ‘how to’ – I don’t think that’s the purpose of the book anyway. Yet it provides a change in mindset, at least in my case. The book provides ‘why’. (During Steve McKnight’s book launch in Melbourne, he said that understanding ‘why’ to investing is very important because knowing why will lead to knowing how)
In my case, the change in mindset did not yield instant dividend. However, the change in mindset lit my hunger to get good at personal finances, which in turn, helped me to guide my family from almost $400,000 in debts in 2001 to debt-free this November. My father has been resisting my family financial plan for several years (my other family members have been helping me to enforce the plan by literally taking control of his assets). I somehow persuaded him to read RDPD this year. The book did the teaching for me and now he is much more receptive to the plan.
Now that my family is out of financial crisis, we are ready for investments and Steve’s book becomes a useful resource.
What’s the point? The point is that I believe RDPD and Steve’s books serve different, complimentary purposes. In my case, RDPD provided ‘why mind my own finances/businesses/investments’. The ‘why’ propelled me to learn the ‘know how’ which is partially provided by Steve’s books.
Does this mean both books are useful to all of you? I have no idea. According to my own journey, these two books have so far been my best investments.
Hope this helps and all the best with your wealth creation journey.
Mathew Chan
It’s great that you take the initiative to read books in order to change the way you think and the above postings probably have already got enough books for you to read in the coming few months so I don’t have any book to recommend.
One comment though, is that just reading book is not enough. You may want to associate with like-minded people and learn from each other.
Thanks for the feedback : )
Thanks.
Mathew Chan
