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Re:Why poor people make poor decisions by Der_Einzige on Tuesday February 11, 2020 @12:25PM (#22300321)
This book is hot garbage. His analysis of real estate (apperently not an asset) is so bad that I cannot imagine that anyone who read this book made money. Even if the author wasn't shady I'd throw it away
Re:Why poor people make poor decisions by robocat on Tuesday February 11, 2020 @01:08PM (#22300834)
Here’s a summary of the book:

“”” The Five Big Ideas

The poor and the middle-class work for money. The rich have money work for them.

It’s not how much money you make that matters. It’s how much money you keep.

Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.

Financial aptitude is what you do with money once you make it, how you keep people from taking it from you, how to keep it longer, and how you make money work hard for you.

The single most powerful asset we all have is our mind. “””

Some of the book might be “garbage”, but some of the central concepts most certainly are not, and popularising the above is worthwhile IMHO. Not saying you are wrong, but I do believe it is wrong to so strongly denounce the book without recalling its virtues.

The summary above is from the 1st link I looked at: https://www.samuelthomasdavies.com/book-summaries/business/r...