A Real Rich Dad, Poor Dad Story

A Real Rich Dad, Poor Dad Story

One of the fascinating things about Robert Kiyosaki’s Rich Dad, Poor Dad was the idea that the wealthy teach their kids different things than the poor or middle class.

I’ve had the opportunity to see this up close with my investing partner, Kevin Edwards.  His father, Dick Edwards was one of the founding partners of Hawkins-Edwards, a commercial brokerage firm based out of Spokane.  Dick had been a broker for several years before starting the firm with Paul Hawkins.

Kevin is 34 years old, fourteen years younger than me yet he’s my investing mentor.  When we bought our first property together, Kevin was 26 years old.  I had just passed my 40th birthday and was looking at this young guy putting together deals in a way that totally impressed me.  He had the confidence and knowledge, not me.  What I brought to the table was a property manager skill set.  My broker skills were still in the formation stage.

I rode his coattails on our first few deals until I finally stepped up to bringing ideas and properties to the table.

I had never asked Kevin about how he got to be the guy who so confidently led me into real estate investing.

Until today.

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The Purple Book That Opened My Eyes

The Purple Book That Opened My Eyes

I first read Robert Kiyosaki’s Rich Dad, Poor Dad about a decade ago.  I got fired up about the ideas that Kiyosaki presented, but my personal financial habits were a mess and the idea of getting into real estate investing seemed so far away.

I read the book a second time a couple years later after I cleaned up my finances. 

Then I bought the book on audio CD so I could listen to it while I drove.

All told I think I’ve read the book four times now and listened to the CD at least as many.  It’s one of my favorites and a classic for any real estate investor.

If you’ve never read the book, I’m going to quickly share with you my five big take-aways from Rich Dad, Poor Dad.

However, I suggest you take the time to read the book.  Some of Kiyosaki’s thoughts might challenge your way of thinking.  If that happens, then the book will be well worth the cost (or the time it takes to check it out from the library).

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