Rich Dad Poor Dad changed my life. To this day I’m not 100% sure if that’s good or bad. I read the book around 2001 and I can’t say my financial health since that time has been very good.
However I do believe the book does a great job explaining clearly that one of the most important keys to wealth is to only look at assets as things that generate income. A house is not an asset. A car is not an asset.
I was reminded about the book while reading Trent Hamm’s Blog “The Simple Dollar” and the post below in particular. Mr. Hamm does a good job of reviewing the book but does miss the point a little. I may be wrong but I have never seen any other writer that looks at assets this way or explains the concept so simply and clearly. For this point alone I still consider this book a “life changing” one.