" Be aware that this book is only about getting rich, money and getting out of the rat race. In this instance, it is a good book.
The first part, in my opinion, is good: we are driven financially by fear, greed. We go to work because of fear and ignorance. Money is the carrot an the illusion.
His simple definition of accounting is very simple and make sense:
- Assets. Brings you money
- Liabilities: takes money from you.
If you want to be rich, you need to identify what is really an asset. A property may not necessarily be an asset.
On the rat race :
1 - Middle Class (MD) and Poor are the productive elements of the economy. Their labour makes The Rich rich.
2 - MD and P are slaves to the rich. They live pay checks to pay checks.
3 - Our schools put MD and Poors in boxes to be productive 'employees'. Employees are stuck in the rat race, crated by this system, and keep rich in control.
4 - The Middle class and the Poors pay taxes and feed the system, that keep them in the rat race.
5 - The Rich have ways not to pay taxes and grow their capital.
6 - You must build your asset column, so you can exit from the rat race (pay checks to pay checks).
The second part, is a politicised "business coaching", for the people that are still reading the book.
In my opinion, the Macro Economics behind the book are Rubish: the state is bad, taxes have been invented by the poor and middle class, we should not pay taxes, state workers are costing us money, trump is his role model, etc... "
— Monsegu, 11/27/2021