2. The Right Book at the Right Time

Rich Dad Poor Dad Quote

Grateful But Unsatisfied

The day was December 30, 2017. Kelly is four months pregnant with our second child, Josie. Our son Thomas is a happy and healthy little boy. I had just finished up my first full year with PAi where my team just completed the most successful year in company history. Things were going well for me, no doubt about that.

Most people would be thrilled to be in my position. However, I still have this feeling deep down in my stomach of being unfulfilled. I spend good chunks of my weekend’s bartending at Riverside Ballroom, sometimes until 2:00 AM. So time freedom is still an issue. We have a significant amount of student debt from undergraduate and graduate degrees. Day-care is expensive and about to more than double in just a few months. Money isn’t an issue, but we definitely could be doing better given our salaries. Kelly is still in a job that encounters very dangerous situations from time-to-time which made us both uneasy. Something had to change.

While reading was never something I did for pleasure, I know that knowledge and education are the keys to a better future. The previous year I started getting into audiobooks surrounding topics of personal development and leadership. The answer to changing my family’s future is somewhere in a book, I just know it. So I did what most people do…Google it!

The Book That Started It All

I enter into Google search something along the lines of “What book changes people’s lives?” Of course, there isn’t just one book that comes up (darn you Google!), but results like “X books that will change your life.” Some of the books I’ve read or listened to already such as “How to Win Friends and Influence People,” by Dale Carnegie, and “The Alchemist,” by Paulo Coelho (both excellent books that I highly recommend). A book that was on numerous lists was one that I have heard of since college but never given a thought to reading, “Rich Dad, Poor Dad,” by Robert Kiyosaki.

Rich Dad Poor Dad Book

Having a degree in personal finance, I was always skeptical of “Rich Dad, Poor Dad,” guessing it was about a get rich quick scheme. True wealth is something that is created over time, not in 30 days like some late-night infomercials try to sell. But I decided to at least try to figure out what the book was really about before buying it. After reading reviews on Amazon it seemed like the book was a story about changing your mindset about income. What the heck, it’s only a few bucks. I purchased the Kindle and Audible versions and immediately downloaded the audiobook so I could listen to it while I took our dog, Reggie, for a walk.

My typical 30-45 minute walk turned into almost two hours! The story was engaging and I was hooked. Most intriguing was his attack on what most people preach; go to college, get a job, invest in your 401(k). As someone who was doing just that (heck I work for a 401(k) company!), it got my attention. I spent the next few days devouring “Rich Dad, Poor Dad.” While there are certainly some questionable things discussed in the book there are two topics that were hammered home which made complete sense. First, buying assets that provide passive income is the way to financial freedom which provides time freedom. Second, purchasing rental properties using leverage is one of the best ways to create passive income.

After completing “Rich Dad, Poor Dad” my mind was made up. Buying rental properties was what I needed to do to get the financial and time freedom that I desired for my family.

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