Wrote the Rich Dad Poor Dad series of personal finance books; his Rich Global LLC filed for bankruptcy in 2012, and seminar attendees sued him in a class action.
Rich Dad Poor Dad draws one distinction - between assets that produce income and liabilities that consume it - and argues for accumulating the first before raising personal spending, which is how a very large number of retail investors first learned to read their own balance sheet. The book belongs in a reference for its reach rather than its rigour; its specific property and tax advice is promotional and widely disputed.
2 books of their own
Two fathers contrasted to argue that schools fail to teach how money works.
Recommended by: Mohnish Pabrai, Andrew Lokenauth and 6 others
Recommended by: Mohnish Pabrai
Rich Dad, Poor Dad | Two fathers contrasted to argue that schools fail to teach how money works. | 1990 | T4 | Mohnish Pabrai, Andrew Lokenauth, Anthony Pompliano and 5 others |
Retire Young, Retire Rich | – | 2002 | T4 | Mohnish Pabrai |