Michael Cavacini

An award-winning arts and culture blog.

Archive for the tag “money”

Rich Dad Poor Dad: 20th Anniversary Edition

Rich Dad Poor Dad by Robert Kiyosaki is the #1 best-selling personal finance book of all time, which is quite an achievement since it came out in 1997. The audiobook version of the 20th anniversary edition of this book was just released, and it’s worth picking up. While his subsequent books pale in comparison to this one, Rich Dad Poor Dad is still an excellent read with useful lessons. Even better, the book is updated (for 2017, at least) so you’re getting Robert’s thoughts on what’s happened with money, investing, and the global economy over the past 20 years. These updates are interesting because they demonstrate to the reader whether or not Rich Dad’s lessons hold water. The narrator of this book does a fine job and is pleasant to listen to throughout. If you’ve never read Rich Dad Poor Dad, I recommend you do so and this is the version to get.

Audiobook Review: Fake by Robert Kiyosaki

Robert Kiyosaki, author Rich Dad Poor Dad, has a new book entitled Fake: Fake Money, Fake Teachers, Fake Assets. I chose to review the audiobook version of this book, and the narrator did a fine job with the material. That said, Fake is best described as a conspiracy book, explaining how certain key aspects of our society – money, teachers, and assets – aren’t what they appear to be. For example, he argues that U.S. currency is hanging by a thread and that “God’s money” (i.e., “real gold and silver”) is the way to go, for a variety of reasons. Kiyosaki also says that owning gold attracts money, as if it has some supernatural powers. While some of his logic in the book makes sense, the supernatural elements and conspiracy theories make him seem paranoid and out-of-touch with reality. Worse yet, entire sections of this book are copied and pasted throughout. In other words, identical sections and stories in one chapter appear in another. This has been noted in numerous Amazon reviews for the book, and this egregious quality-control error is present in the audiobook. That makes me wonder, did the narrator have to read the same parts over and over again? If so, wasn’t he wondering to himself, “Boy, this sounds familiar? I swore I already read this.” With all of this in mind, I can’t recommend this book. There are some interesting concepts but the quality control issues and goofy content in this book aren’t worth your “fake” money.

 

I Paid Off My Student Loans

ImageI don’t like debt; it hangs over me like a cloud. The only debt I’ve had since graduating college four years ago was my student loans. Compared to some graduates that owed $60,000 or more, the amount I had to pay back was small potatoes. But last night I decided I didn’t want to have this cloud hanging over me any longer, so I paid the remaining balance. While I’m not looking forward to seeing the full amount withdrawn from my bank account in a few days, I’m glad I did it. That’s one less thing to worry about. And now that I don’t have a monthly payment anymore, I can replenish my savings account at a much faster rate.

  • How does debt make you feel?
  • Have you ever paid off something big (e.g., a car, house or student loans)?
  • If so, what did you wind up doing with the extra money?

Feel free to share your answers below.

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