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Get Rich or Die Fryin'

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Under new management (again) as of July 5th, 2017

File: 7f314521d923da4⋯.jpg (36.38 KB, 306x500, 153:250, serveimage.jpg)

d14995 No.1948

Picked this up for a buck. Always thought it was a meme book, but giving it a spin.

Anything I should know before hand? After reading? Anything you think should be added/amended?

157b0d No.1956

Don't bother.

The entire premise of the book is to save money and buy assets like real estate, stocks or bonds. All of these things will (possibly) pay you some form of income (rent, dividends, coupons), making your money work for you and grow above inflation therefore increasing your wealth. They could also possibly increase in value in the future (capital growth) meaning you can sell them for more later on.

Basically the other side of the book is don't take on bad debt (e.g. car loans) or spend money on useless shit like brand new cars that depreciate in value by 30% as soon as they're driven off the lot. Good debt is ok if it's used to invest wisely (e.g. quality real estate).

To spoil the story for you the 'rich dad' saves and invests and the 'poor dad' spends money and gets into debt.

Might have forgotten a thing or two because I read it like 10 years ago.




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