This book is fiction – the "Rich Dad" isn't real. Still, these takeaways will be helpful to you and your podcast. Also note that, even though it's fiction, it's a good example how stories sell. Rich Dad Poor Dad has sold 32,000,000 copies.
Lessons For Podcasters
- Learn To Listen - Obviously, a great skill for podcasters to have with it comes to interviewing guests as well as keeping in touch with listeners.
- Make Money (Resources) Work For You - It's easy to blow through money and other resources without getting significant results. When you make a financial or energetic investment in something. make sure the appropriate return is there.
- Buy Luxuries Last - A "nice" mic won't make you a better host with more compelling content, that's on you. You need quality equipment, yes, but it's not a replacement for the work you need to do – you can't buy your want into being a great podcaster.
- Reduce Expenses / Liabilities - The basics you need to record, edit, and publish a great podcast are minimal. You don't need to spend a lot of money to make a great podcast.
- Aim For Valuable Assets - You are your most valuable asset. Your podcast is an extension of you. Quality content, whether provided via you or your guests, will get you where you want to go. You don't need fancy add-ons that cost a lot of money, like the latest and greatest mic or recording device, to make something great.
- Work To Learn, Don't Work For Money - Focus on making a quality podcast and providing value to listeners (knowledge, entertainment, community) and the money will follow.
- Reinvest Excess Cash - This applies to cash, energy, and other resources. If something is working for you, do more of it.
- Surround Yourself With People Smarter Than You - You don't want to be the smartest guy in the room. It's a nice ego stroke, but you won't learn anything. Fortunately, as a podcaster, you have a lot of opportunities to interact with and learn from smart people, especially if you have an interview-format podcast.
