Totally understand the scope of your article… the point that information is power is well received and excellently given, however, I think the example used is a bit antiquated for the millennial mindset. I remember reading “Rich Dad Poor Dad” back when it first came out. My overall impression was extremely positive, but distinctly remembering not getting much “actual value” from it.
I personally judge the actual value of information to be what I paid for it against the ROI I receive from it divided by time. If I pay $30 for a book about real estate investing and eventually use that information to make a $3000 profit on a real estate deal, then that information was extremely valuable. But conversely, if I pay $3000 for a real estate seminar, then I damn better start turning a profit from that right away, or I’m going to feel scammed.
The book’s rudimentary explanation of the worlds of finance and investing are not rigorous enough for today’s world, especially post-covid. With so many people in the world seemingly getting rich by doing almost nothing, doing hard work and attempting the alchemy of “turning nothing into something” just won’t cut it anymore for the vast majority of people. Subsequently, I never bought into the Kyosaki Gravy Train, and stayed away from all of his courses and seminars.
Kyosaki’s main tenet is that if you use OPM “Other Peoples’s Money”, you can then use this money to invest in businesses and passive income generators such as Real Estate. But what he doesn’t tell you, however, is that OPM is EXTREMEMLY expensive. And in a post Covid world, it’s becoming increasingly so. The days of bootstrapping a small business on a VISA card are long dead and gone. And without a viable business model (read: “already making profit”) you’re going to be hard pressed to qualify for a bank or even an SBA loan.
My sincere hope is that your book will have a more modern spin on Kyosaki’s theory. I hope it details the challenges and costs associated with using OPM. I hope it doesn’t assume that everyone has a “Rich Dad” they can go to whenever they decide to invest. And I really hope that it invents new ways to aquire wealth and status that are actually viable to the people who need it most — the poor. Because if it doesn’t do that, then what’s the point?