Alex Rodriguez Reveals the Book That Changed His Financial Life: “Rich Dad, Poor Dad” by Robert Kiyosaki
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Alex Rodriguez, a retired baseball player, and current sports analyst, recently revealed the book that changed his financial life in an interview with CNBC. The book, “Rich Dad, Poor Dad” by Robert Kiyosaki, has been a best-seller for decades and is a personal finance classic.
In the interview, Rodriguez explains that the book helped him to shift his mindset from one of earning a high salary to one of building wealth through investments. “I was always taught to make as much money as I can and save as much as I can. But this book taught me about assets and liabilities and how to build wealth through investments,” Rodriguez said.
Despite his impressive net worth, Rodriguez admits that he wasn’t always financially savvy and wishes he had read the book when he was 21. The book is a personal finance classic, has sold over 40 million copies worldwide, and is considered a must-read for anyone looking to improve their financial literacy.
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Rodriguez’s journey from high salary to building wealth through investments
Alex Rodriguez, who has a net worth of $350 million, explained that before reading the book, he was taught to make as much money as possible and save as much as possible. But “Rich Dad, Poor Dad” taught him about the difference between assets and liabilities, and how to build wealth through investing in income-generating assets.
“I wish I had read this book when I was 21, but I’m glad I read it when I did,” said Rodriguez. “I hope that by sharing my story, I can inspire others to take control of their finances and start building wealth.”
After reading the book, Rodriguez made changes to his financial strategy, investing in real estate, small businesses, and venture capital. He also became an advocate for financial literacy and the importance of teaching young people financial skills.
Alex Rodriguez recommends “The Winner Within” by Pat Riley as a book that is more relevant today than 30 years ago. He also likes memoirs written by J.R Moehringer, such as “Open” by Andre Agassi and “Shoe Dog” by Phil Knight.
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