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In this video, I take a deep dive into the legendary book Rich Dad Poor Dad by Robert Kiyosaki and explain why following its advice blindly in 2026 India could be a huge financial mistake. While the book revolutionized personal finance when it was released in 1997, the economic landscape of modern-day India is vastly different from 90s America. I break down the 'Home as a Liability' concept with actual math, comparing US rental yields and interest rates to the Indian market to show why buying a house through a loan in India rarely makes it an 'asset' in the way Kiyosaki describes.
I also challenge the book’s dismissal of formal education and its push to 'escape the rat race' at any cost. I emphasize the importance of protection through insurance, automating your investments through SIPs to overcome 'habit problems', and most importantly, focusing on increasing your income while you're young rather than just obsessing over minor cost-cutting.
#RichDadPoorDad #PersonalFinance #warikoo
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Apps I use for Investing:
Ditto - for unbiased insurance buying experience: https://ditto.sh/7u17m0
Zerodha - for Indian Stock Investing: https://zerodha.com/open-account?c=ZMPHCY
Coin by Zerodha - for Mutual Fund Investing: https://zerodha.com/open-account?c=ZMPHCY
Vested - for US Stocks & ETF Investing: https://vested.app.link/warikoo
The above links are for products that I personally use for my own investing. If you create an account on any of these using the above links, I stand to make a referral income from it. 100% of this income is contributed towards the education of kids who cannot afford it. Over 5 years we have contributed 1.96Cr in helping kids continue their education.
DO NOT assume that these are the best products in the industry. Please do your research and let me know if you have any questions.
My bestselling books:
'Winning People Without Losing Yourself': https://amzn.to/45VpDdl
'Beyond The Syllabus': https://amzn.to/3ICkIFh
'Build an EPIC Career': https://amzn.to/4kJlOfB
'Make EPIC Money': https://amzn.to/3WHJ43F
‘Get EPIC Shit Done’: https://amzn.to/4fK1IR5
‘Do EPIC Shit’: https://amzn.to/4fK9uuv
My gear for shooting this video:
🎥 Sony a7III camera: https://amzn.to/3GtfwCJ
🎬 Sony FE 24-70 f2.8 Lens: https://amzn.to/4klYm82
📹 Sony E Mount FE 24-50mm F2.8: https://amzn.to/3I6LfKy
🎙 Shure SM7B Microphone: https://amzn.to/3Tk5Ygk
🔆 Godox Fill Light 60W: https://amzn.to/4exQvmL
💡 Godox Key Light 150W: https://amzn.to/3TQau6p
📽 Benro IT15 Tripod for Sony a7III camera: https://amzn.to/4km4ZXP
If you buy using the above Amazon links, I stand to make affiliate income from it and 100% of this income is contributed towards the education of kids who cannot afford it.
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