Like Kiyosaki, the author advices you to invest in appreciable assets and not depend on monthly paychecks to run your life. He also suggests not owning things that own you by making you work and earn just to maintain them. It’s desirable to save and invest your earnings in things that appreciate or things that generate you wealth. The author goes on saying that material possessions don’t make wealth and has done a good job of proving his points by providing examples of many millionaires and billionaires as well as failures. Examples include Warren Buffett, Sam Walton, Norman Mailer, Bill Gates, Bill Simon, author’s own father and his neighbor. The stories are well illustrated and enjoyable.
According to Stevens, the basic tenets of Rich is a religion is the need to respect money and handle it with discipline and a sense of fiduciary control avoiding the view of money of just something to spend and impress others. He recommends eschewing the undue risk towards a person’s home, family and livelihood and learning the techniques of smart management i.e. “making money while you sleep”.
Overall, an enjoyable and worthwhile read (175 pages) that helps you shift your paradigm regarding money and wealth. The author doesn’t promise to make you rich but the principles expressed are universal and make sense which will help you at least live better financially.