TPP345: Rich Dad Poor Dad Revisited: 5 essential lessons, and 2 important warnings
The Property Podcast
Rob Bence & Rob Dix
4.8 • 2K Ratings
🗓️ 24 October 2019
⏱️ 30 minutes
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| 0:00.0 | Rich Dad, poor dad. It's a book that many have said has changed their lives, but others don't agree with some of the concepts. |
| 0:10.0 | So, after not picking it up for years and years years we've gone back and picked out the key |
| 0:15.2 | lessons but also the things that we just don't agree with. Welcome to the property podcast where every Thursday morning property investors come to be |
| 0:29.2 | informed and inspired. This week as Rob said we're revisiting a book that's probably the most |
| 0:34.7 | influential in property investment circles, but is controversial as well. I was surprised |
| 0:40.3 | when going back and reading this book for the first time in years at some of the things |
| 0:43.8 | that I'd forgotten, some of the things that I'd misremembered, and some of the ideas that |
| 0:47.3 | I just accepted on first reading that now I'm really not at all sure about. So in this week's episode the five key lessons from |
| 0:54.4 | Rich Dad poor dad that you need to know and the two things that you should be very |
| 0:57.8 | careful of. So this week's news story is a 22- report by Home Track on the rental market right now |
| 1:06.0 | and it's a quarterly report. Now don't worry, we're not going to go through all 22 pages. |
| 1:10.2 | Unfortunately, the BBC website has done a good job of summarising the key |
| 1:13.9 | takeaway points from this report but it's interesting Rob. It is interesting for |
| 1:18.0 | lots of different reasons. There are lots of cities where rent is up but |
| 1:22.3 | actually wage growth has been really strong this |
| 1:24.7 | last year so even though there are plenty of cities where rents have increased there |
| 1:28.6 | are actually only three UK cities where rents have risen faster than wages so renting has become less |
| 1:34.6 | affordable and those are in Nottingham where rents are up 5.4% and also Leeds and |
| 1:40.4 | Bristol where they're both up 4.5%. So rents growing fast in those cities |
| 1:45.4 | presumably because of high demand. But there's also a really interesting mixed |
| 1:50.0 | picture down the bottom of the League Rob. Yeah so at the very bottom and by some |
| 1:54.7 | way is Aberdeen and we've touched on Aberdeen before it's a very |
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