Buy assets. Use good debt. Build passive income. Escape the rat race.
For nearly 30 years, Rich Dad Poor Dad has told people that getting wealthy starts with learning to think differently about money.
And to be fair, some of it makes a lot of sense.
Cash flow matters. Ownership matters. Knowing the difference between something that builds wealth and something that just looks like wealth? Also pretty useful.
But somewhere between “buy assets, not liabilities” and the internet’s obsession with passive income, rental properties, entrepreneurship, and leveraging your way to financial freedom, things got a little... guru-y.
In this episode of Have You Tried Being Rich?, Kristin and Dria take on Robert Kiyosaki’s Rich Dad Poor Dad and ask what happens when “think like the rich” advice has to survive actual life.
They get into good debt versus bad debt, whether your house is really an asset, the reality of “passive” rental income, entrepreneurship, college, business ownership, leverage, and why copying what wealthy people do is a lot harder when you don’t also have a wealthy person’s margin for error.
Because buying an asset is one thing.
Buying yourself a stressed-out job with an LLC is another.
Cash flow is real. Cosplay leverage is not.
Follow Have You Tried Being Rich? for no-BS conversations about money, personal finance, wealth, careers, debt, investing, and the financial advice that sounds a little too easy.
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Have You Tried Being Rich? is for entertainment and educational purposes only. Nothing discussed on the show should be considered individualized financial, investment, tax, or legal advice. Financial decisions depend on your personal circumstances. Consider consulting an appropriately qualified professional before making significant financial decisions.
Sources and data note: Rich Dad Poor Dad was first published in 1997. Kiyosaki’s descriptions of assets, liabilities, “Rich Dad,” and financial education are attributed to his published/official Rich Dad framework and should not be read as conventional accounting definitions. College earnings and return figures discussed in the episode come from 2024 data analyzed by the Federal Reserve Bank of New York and are population medians/estimates, not guaranteed individual outcomes. Business-ownership figures come from the Federal Reserve’s 2022 Survey of Consumer Finances and are descriptive rather than causal. The hosts’ conclusions and jokes are commentary.
