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I dunno, it was probably close to 20 years ago that I read the book. The main thing I remember is that rich people invest their money, and poor people spend it. Buy assets and not liabilities.
The #1 trait of financially successful people is delayed gratification. That's not really something you learn; it's a disposition. The resolve to deny immediate pleasure for greater future reward. That's more of a character trait than something learned, but it's always possible to consciously change behavior. Consciously deciding to act in a certain way repeatedly turns into a habit, and the continuation of a habit turns into character, where finally decisions are no longer required to be made because it's an automatic response.
His advice to not waste time and money in college if you aren't pursuing a career that requires particular educational credentials is sound. The cost of school has never been greater, and the value of a generic degree never lower.
While statistics might show that college grads make more money, the correlation does not prove causation. More likely smart people go to college, and we know people with higher IQ earn more money.
I would never pay for financial advice. The average stock portfolio managed by so-called financial experts return average market performance while they collect their non-performance based fee. If they really had confidence in their skill, their services would be free if they underperform the market. All the other basic financial principles can be learned for free because the concepts of spend less than you earn are pretty darn basic.
MrMoneyMustache has lots of practical and specific information.
Whenever you have a major financial decision to make, there's endless information on the internet.
Then, lots of people spend more than they need to because they are lazy. Insurance companies have rate creep, ISPs end "promotional" pricing for their longer term customers, and similar practices from nearly every type of recurring service provider. They love loyal customers and reward them with higher fees, because loyal is code for lazy.
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