Hello everyone, This will be the home for the Book Club discussion of “Rich Dad, Poor Dad”.
I hope you all are ready for tons of great discussions. Since this is the first book club event, I will explain the format. We will work out of this blog post and everyone is invited to add a comment on something you would like to discuss from the book. This will serve as the spark to get everyone else talking and thinking.
Hopefully this can be an educational experience that everyone can benefit from.
Let the fun begin:
One of the most controversial points Robert Kiyosaki made in Rich Dad Poor Dad to me was when he discussed why buying a house was more of a liability than an asset. He states on page 73 that since the money you pay for your mortgage, taxes, insurance, and other house related costs take money out of your pocket that it is a liability.
Most people look at their house expenses as investment money, in hopes that their home will appreciate and make money for them in the future.
I am interested to hear people’s opinions on this issue.