Is Your House an Asset? Rich Dad Poor Dad's Test, With Real Numbers
Theo owns $485,610 of "assets": a house, a new car, an index fund. Every month they take $3,851 out of his pocket and put $43 back. Rich Dad Poor Dad has one rule for this, and we test it with real numbers.Part 1 of 4 · Rich Dad Poor Dad by Robert T. Kiyosaki · full series: [playlist link]
We run Kiyosaki's asset test on everything a normal 35-year-old owns: the house (mortgage, tax, insurance and upkeep), the new car, and the index fund. Then we look at what the test gets right, what it misses, and the one change that makes Theo's money start paying his bills.
Chapters
0:00 $485,610 of assets, $43 a month in
0:54 Two dads, two sheets
1:39 The one-line test
2:27 The house
4:13 The car
5:00 The fund
5:50 What passes the test
6:40 What the test misses
7:38 The column that pays
9:58 Twenty years later
This video is commentary on Rich Dad Poor Dad; read the book for the full picture.
This video is for educational and entertainment purposes only and is not financial advice. Theo is fictional and figures are illustrative; markets go down as well as up.
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