Trying to send something to my Mom which encapsulates this and debunks it.

  • big_spoon
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    4 months ago

    it wasn’t a bad reading, but if i remember, two things about it:

    houses are not assets if you’re living in them (bc you have to pay taxes and commodities)

    studying doesn’t work (my “rich dad” got rich being an analphabet owner of stores)

    • sevenapples
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      4 months ago

      studying doesn’t work (my “rich dad” got rich being an analphabet owner of stores)

      This is fundamentally the same argument as:

      The lottery works (my “rich dad” won it)

      You have to think with expected value over large samples with stuff like this. For every analphabet dad that risks by opening a store and succeeds, how many have failed and we don’t hear their stories?