You put what was screwed up about his "teachings" in coherent, easy to understand form. You clarified my own befuddled thoughts. You probably also saved me from doing something really stupid. I still shudder when I think how close I came to messing up my life as a result of Kiyosaki's brainwashing. Thankfully all I lost was a few bucks for a couple of his books. I'm not giving up on real estate investing but I will be much more careful about the education I get pertaining to that subject.
Many thanks from my wife, my family and myself. I had to laugh when you used your illistration regarding his reason for becoming a merchant marine. I have bought his "education program" along with the books "Rich Dad Poor Dad" and "Cash Flow Quadrant" Although I thought some of his opinions were insightful what type of people are in each quadrant It was no more helpful than his pitch on TV.
His pitch was just enough information to make you wonder if he had a new answer. I look forward to checking out all of the links you provided in the article. I will be auctioning off the choose to be rich package on ebay probably. I have read 4 of RK's books. But I did NOT take the time to stop and analyse like you did I have been investing in real estate since I own 8 houses and 5 small apts bldgs. I live off of the rental income I receive. I have read just about every book your site mentioned.
I would say your comments are very accurate. I wonder why I have not stumbled across your works before Once again, thank you. I appreciate your time and effort. Sincerely, Avery T. Horton, Jr. I fully agree with your opinion on Kiyosaki. It appears that the only real skill he was able to develop is selling himself. People like him capitalise on other people's ignorance, laziness and need for 'easy and fast' solutions. Yours truly, Andrey Shpak , Moscow, Russia. My mother got it for me for Christmas, and I immediately hated it for all the reasons that most of the book's detractors hate it: -It contained very little useful information However, I don't know much about real estate or investing, so I was unable to evaluate his stories regarding the ease of finding good real estate investments, etc.
I thought Kiyosaki was just an amoral shark with an eye for a good investments. It appears from your well-written, specific, and factual and thus believable review that many of the things that he claims to have done are very unlikely or illegal. In other words, he is a fraud and a liar as well. Thanks to your review, I have decided to exchange the book for something more worthwhile. The idea of enriching this scam artist any further by keeping this book on my shelf is intolerable to me.
Reed, I would like to thank you for the information that you present on your web site. It is truly a breath of fresh air in a media that has largely been taken over by unethical and criminal sharks such as your 'bad' gurus. I have read books by some of them such as Allen and Kiyosaki and can say that your take on them rings true. I have also read one of your books and the difference is stark. Even though you analyzed "Rich Dad, Poor Dad", my conclusions were very similar to yours in that I found every one of his opinionated statements patently false and misleading and not able to withstand some basic common sense scrutiny.
However, I was particularly appalled at a part in the book where he quotes an SEC rule he calls it requirement that does not exist to prove his point by an asinine distortion of the actual SEC rule that he probably heard about somewhere and assumed it meant something completely different than what is actually provided for by law and that neither he, not his C. This is a minimum requirement to be considered an accredited investor and to qualify for the investments of the rich. This means that only a few people are allowed to invest in the most profitable investments in the world What he is falsely referring to as the SEC requirement for minimum income and net worth to qualify for the investments of the rich and which I'm sure you are familiar with, as is any person involved in or familiar with private equity investments would be is probably his misrepresentation of the definition of "accredited investor" under Rule of Regulation D of the Securities Exchange Act of , which, among many other categories of securities purchasers who qualify as "accredited investors" lists a category of people with individual income not salary!
In a nutshell, in order to avoid a very costly process of taking a company public, an issuer can be exempt from registration as long as certain requirements under Regulation D rules are met, among them not selling its securities to more than 35 "purchasers". In addition, "accredited investors" are not entitled to extensive disclosure documents that those who are not "accredited investors" are entitled to because it is assumed that they are savvy enough to make their investment decisions based on less financial disclosure than those who are not.
In other words, definition of "accredited investor" serves to simply put in more safeguards in for those who do not qualify as "accredited investors" when buying unregistered securities, not to disallow them to invest. To suggest otherwise is completely false. Keep up your good works with exposing Kiyosaki's as a fraud! Lately, I've gotten very interested in real-estate.
It all started with Robert Kiyosaki. I can hear you groaning, but wait! His books were kind of a kick in the pants for me, a call to change my perspective on life, time and money. I was thrilled to have such a hopeful vision of the future, for once in my life. It was refresing to finally find someone who could tell me how to become financially secure. I read chapter after chapter waiting for the grand revelation; the one piece of advice that would make that idea click in my head; the "AHA!
It never came. Frustrated, but with some idea what I wanted to do, I set out to find my own path to wealth, still inspired. I started looking into real-estate, the "get-rich-quick industry", or so I thought at the time. After several months of frustration I realized it wasn't quite as easy as it sounded and gave up.
Towards the end of this phase, I stumbled across your website. Immediately, I was upset by your critical tone. Your scathing review of Kiyosaki's books upset me terribly, but not being one to simply dismiss an opinion different from my owne, I decided to read the entire review with the idea that I would compose a nasty letter at the end outlining your obvious bias and blatant stupidity. By the end I found myself agreeing with about half of what you said, and not sure what I thought about the other. After a day or so of pondering, I realized that all the reasons I felt so frustrated after reading the "Rich Dad, Poor Dad" series were exactly the reasons you have for disliking the man's writing so much.
Now, a year later, while looking for good advice, I have again stumbled across your website, again inspired by a book. Ironically, that book is a part of Kiyosaki's new series 'Rich Dad's Advisors'. I consumed it in one day, this time with more of a critical eye, and slightly more experience into the finance end of things. Underwriter Again, I've been inspired. I've looked at the numbers myself, and what Mr. DeRoos has to say makes some sense. While he's a little short on specifics, he isn't spouting complete drivel.
And after all, this book WAS written as part of the Kiyosaki cult series. Perhaps the books he's written on his own might be a bit more helpful. I decided to re-enter the world of real-estate. This time, I actually found a property near where I live in Caldwell, Idaho. Newly remodeled, cheap, with several tenants already in place and making a respectable sum in rental income, and an owner who was interested in getting a newcomer started in investing with little to no hassle, it seemed like the perfect place to start getting my feet wet.
I'm still sure it would havebeen, but with no cash to bring into the transaction, I was unable to make the deal. I was lucky enough to meet wonderful agent who worked with me, showed me a few of the ropes, and got me a couple of important contacts. She represented her seller well, but tried just as hard as I did to make my offer work, even though more than a dozen easier offers would have taken less of her time and energy.
She introduced me to a property manager who she has had wonderful experiences with in her own rental properties, and who I plan to check out more thoroughly. None of my experiences in this venture were what I was expecting; neither the positive nor the negative ones. I have seen the pleasant side of real-estate, working with people who are out there trying to make the business as comfortable as possible.
I have seen the not-so pleasant side of real-estate, such as the mortgage broker who suggested that he could get me in with 0 down if I was "intending" to occupy the premises. It may comfort you to know that I will never again take another shred of advice from Mr. Kiyosaki, thanks in large part to you. DeRoos I am still evaluating, though I have found his advice to be helpful, if a bit non-specific in places.
I am curious to know what you have heard of him. As one who knows more about real-estate than I, I would be interested to know if you believe his words are worth paying for. Seeing a review on one or two of his works would interest me greatly. In the meantime, I wish to thank you for providing your evaluation of these various gurus. I am going into future ventures with more caution, and a bit more wisdom thanks to you.
Thank you also for backing up all your statements with evidence of what you are talking about. A practice I had ingrained into me during my grueling high-school writing classes, and which is sadly lacking in most writing in this day and age That alone sets you apart from many others I have read or listened to.
Please keep the criticism coming, though it does grate on my nerves. Jesus and talk in detail about how a whole race of people have disapeared Sarah Claybore womenofvalor webtv. Dear John Reed, I believe you're an honest irracional man and I also believe you may have helped many people with your guru raking.
But I believe you are being an idiot on Kiyosaki's book rich dad, poor dad. In your review and unless you are completely stupid you constantly misinterpret everything on purpose and take statements out of context. You also make lots of unproved allegations. Maybe you should consider yourself for the "not recommend" list of your guru ranking on the accounts of lying and misliding the public.
Ask yourself what are you trying to prove with all that false information I too was feeling very "uneasy" after reading Kiyoski's Rich Dad, Poor Dad, even through it was highly recommended by a good friend. I decided to do an internet search to see what showed up. I looked through all the options and yours seemed to be the only one offering a contrairian sp?
I only wish I had found your site before and saved myself the three nights reading. I was so intrigued by your commentary that I ended up reading the whole thing, including your things to look for page. Thank you for your time and effort, by the way, your reference to your mother and getting advice from her was great. I loved the free advice offered afterwards as well! Kiyosaki and his book Rich Dad, Poor Dad. I should have known right then and there that I had been duped. I finished reading the your article only minutes ago and despite my embarrassment I want to thank you for writing a poignant article that even an ass like my self can understand.
It was very well written and thought out, I enjoy your take no prisoners style, that is refreshing. There are several things I can be thankful for: I read it before I did something stupid, I will learn from my foolishness, and I still would like to be wealthy. After I wrote you I spent a couple of more hours on your website, and found it very informative. I can appreciate your hard work, research and common sense approach. I will keep that in mind in with my future endeavors. I bought three of Robert T.
Kiyosaki's books and thought that each one might lead to more detail, but as you noted they were primarily boasting or giving very dangerous information. My gut as well as my attorney and accountant were telling me the same thing, "something is a miss in paradise". I look at my experience with Robert as a truly inexpensive lesson in letting pillow talk lead me rather than good hard facts.
After reading about ten pages, I was convinced that this book was fiction. It seemed as though "Rich Dad" and "Poor Dad" knew an awful lot about each other's finances even though it didn't seem as if they had ever even met. So much about Robert Kiyosaki's storytelling seemed so phony. I think, at first, my co-worker thought I was being too cynical until he found your website and your views seemed to mirror what I said. We have had quite a few fascinating coversations over the last few days debating the pros and cons of the book and your review.
Kiyosaki spouts the basic good advice "don't get into consumer debt" or "if you're in a whole, stop digging" like he's saying something new. Anyone with an IQ bigger than their shoe size knows what they're getting into with consumer debt and they do it anyway. As a year old self-supporting divorced mother with a good income, some savings, and a small, but growing investment portfolio, I'm open to ideas about investing. However, there's no way I would ever consider trying any of the outlandish things Kiyosaki claims can work. I'd rather be middle class with a nice but affordable house, the bills paid on time, one nice vacation per year, and moderately safe investments.
The people that ride on the same commuter train I do must have thought I was nuts when I would laugh out loud at some of the outrageous things Kiyosaki says in that goofy book. I can't believe anyone would blindly follow this guy's advice to put off paying debts until your creditors and the IRS are screaming at you One final note. However, being in a position to pay cash for mine - without negatively impacting my finances or doing something illegal - is well worth the pleasure I get from giving one extremely extravagant reward to myself.
There are many things in life that can be categorized as unneccesary, but bring us joy nonetheless.
Ramsay’s baby murder: was this the most horrific Game of Thrones moment yet?
While life is too short to always be frugal, one of the few logical pieces of advice that Kiyosaki gives is to wait for the luxuries until you can pay for them. Maybe if more people would give themselves rewards they save up and paid cash for, there would be more disposable income to invest instead of giving it to credit card companies. In any case, thank you for trying to level the playing field by using logic rather than "razzle dazzle". I truly enjoyed reading your lengthy review debunking that crap Kiyosaki peddles. Gloria Vitro Bolingbrook, IL.
Now my question is this, if he is so rich and has all of the accoutrements of the wealthy set, why on earth is he peddling an obnoxiously flawed information package. I have also read the book "Rich Dad Poor Dad" and it left me questioning many statements he made. I even had a conversation with my CFP Certified Financial Planner and was telling him about the information in the book.
Well he read it and said "If anyone follows the steps he has lined out would either be poor the rest of their life or in jail". I just thought I would share my two cents worth and thank you again for this page. Thank you. Tisha Ferron. I must admit he has me enthusiastic about becoming even more financially literate. I am a 22 year old stay-at-home mother of two, part-time daytrader yes, profitably and have been investing my husband's k and IRA via the O'Shaughnessy methods. To tell the truth, I never even considered real-estate investing or starting a business until now.
I was curious to see what others thought of his books, and a Motley Fool message board linked me here. I almost didn't read your review, expecting a long-winded jeremiad against his admittedly weak prose and vague advice. I was wrong--you really impressed me with your review of the first book. I think Kiyosaki has a better advisor now, because there didn't seem to be as many inconsistencies in the books I read as you describe for RDPD, nor too much bragging.
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I did notice that the copyright page of the books, aside from the standard investment-advice disclaimer, casually noted that the stories within were fictionalized for impact. That raised a bit of a red flag from the beginning, for me. His praise of "network marketing" also made me wince. And why on Earth is he so interested in Australia? Isn't there enough real estate in the U. There are many other factors that made me uneasy with his content, even though I appreciated the inspirational messages that I usually hate , and I agree with most of your opinion.
The fact alone that little can be discovered of Kiyosaki outside of his seminar and book sales is more than enough to make anyone cringe. I will not purchase any more of his products, thanks to you, though I will now check out some of your book recommendations. Oh well, I thought, at least I learned a few real estate investment tricks. Your review robbed me of even that consolation. I'm finding scam artists' ubiquitous warnings concerning naysayers to be excellent indicators of schemes to avoid. George Bernard Shaw offered a good defense for those of us with a questioning bone in our body: "The power of accurate observation is commonly called cynicism by those who have not got it.
I agree with you that this is an excellent book, and perhaps I'll follow it up with some from your recommended gurus. A friend spoke his name almost a year later, and I had a renewed interest. While reading the book, another friend sang his praises. I was hooked. I read the first and started the second. I was on fire. And then half way through, something told me to run a search, not sure what it was, and I found your site. I was immediately upset and discouraged. Some of what RTK said tapped into a previous belief that I had about the way of the world, so it seemed to make sense.
But your site brought to light some things that were bothering me. I was disturbed, but thought my answers could be cleared up in the next book. Looking at your site also helped me realize that with my real estate ignorance, he could have told me that realtors have a secret hand shake that gets you great deals on property, and I would have fallen for it. He also praised MLM, which I thought was shady. So I will finish the 2nd book, cautiously, with a little less motivation. Basically, people want to feel good. That book did that for me, but I'd rather feel good because I've been educated, and not because my ears were tickled.
Those people who will defend a lie, because "it got them thinking" are fools. I'll take the truth any day. That way I can make informed decisions that may one day lead to me being truly happy. I'm not saying that RTK is a liar. I just realize now that I have a lot to learn about finance before I go hog wild jumping on someone's bandwagon. Thanks John, for keeping my head on straight. Dynero Lee Marketing Communications Specialist dlee asizip.
I thought his book was going to be full of clear-cut advice on what steps can be taken for proper investing. I'm afraid I fell into that category of the uninformed being completely duped. I, too, found that his book is unsettling for reasons that I "can't quite put my finger on".
I can say that it gave me a sense of being overwhelmed. His writings infer that there are a great many ways to increase wealth but he writes in such a vague way that it's impossible to know where to begin. Thank you for your web site. You are providing a much needed service that I am very appreciative of.
I'm 30, married, have 2 kids, and I teach fifth grade in a small city in south western Virginia. I enjoy reading books on investing and finance. I drive my wife crazy with our personal finances and torturing her with my observations. Some of the books I've read that have had an impact on me are the Stanley "millionaire" books and the Motley Fool books particularly the DRIP book and their website. I've seen a couple of Kiyosaki's books at bookstores and was almost tempted to buy one of them. Something always held me back. I don't think I my intuition saved me, I now believe it was just blind luck but I'll take it where I can get it.
You can attribute that to some of the frugality lessons I took from Stanley's book. As I read Kiyosaki's book I found myself feeling more and more uncomfortable with what I was reading and feeling. I just couldn't put my finger on it. I couldn't tell if it was the contempt he seemed to have for his father's financial choices or the apparent lack of loyalty he seemed to have for his own father. Maybe it was the implausibility of the numerous conversations he had with his Rich Dad. I kept getting the feeling I was getting a print version of a cheap TV infomercial.
Halfway through the book I finally realized I needed to see if I could find any information on Kiyosaki on the net.
I realized I'd been misled by the legitimacy that being a "best seller" bestows upon an author. I mean, if your book is a best seller and can be found at Walden Books then you must be "right"? An Internet search led me to your site. You've saved me the hours it would have required me to finish Kiyosaki's book. One of the few positive things that Kiyosaki prattled on about was the value of time.
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Although he never quite gave you specifics or hard data on how to make use of time. That was one of the reasons I kept reading despite my misgivings. I kept waiting for Kiyosaki to lay out some kind of plan, some hard data to back up his arguments. I now find it strange that someone could go on and on about their success without actually providing dates, times, places, and names to strengthen their arguments. Again, thank you for your web site. It's a great benefit to anyone whose made the mistake of reading one of Kiyosaki's book. At least I only wasted time, I feel for those who actually paid hard cash to read one of his books.
To be honest his response to you was disappointing to say the least. Unlike you, Mr. Kiyosaki has YET to give details about the money he's made as well as the Real Estate deals he's done. However, as my mom who's a wonderful woman from South Carolina always told me, "Son, when someone is telling you something, you eat the meat and spit out the bones. However, that's neither here nor there. What I wanted to commend you on is the candid information you give here. After reading your site objectively I can honestly say you are doing a great service to the Real Estate Investing Community.
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Especially for beginners. Too often we novices are taken in by the sway of the so-called "gurus". However as I was looking at these "Real Estate Guru" courses, I kept wondering why they were so damn expensive. Has anyone stopped to think If the "hotline" personnel are experts, why would they waste their time to sit around all day and talk to YOU?
They could be out making deals. All they can "give" me is "armchair" philosophy. Artist Detection List. For the most part it's right on the money. It's always amazing that when you ask a charlatan to PROVE their claims they always have an excuse as to why they can't produce proof. Once you start digging, it all starts to fall apart. I suspect because not ONE of them has even done a real deal.
It was an okay book, but as you said he did offered some questionable advice. Not to mention my credit wasn't that great. My profits Much bleaker than the rosy picture as told by the "gurus" isn't it? I decided it wasn't worth it and to work on strengthening my credit position and saving my money. However, He has a line of credit and a large portfolio of projects. This didn't happen over night but he has shared his experience with me of what he's learned over time. He does do this full time. How much has it cost me to learn from a REAL professional who's doing deals?
Whats his reward? He gets another person on his buyers list I'm not stupid How much did it cost me to learn about the nuances to Real Estate Investing such as property analysis, profitablity equations, how to do due dilligence, pitfalls to watch out for? I also have books on Tax Law, accounting, and Stock Market Analysis, both Fundamental and Technical I feel you can't use one technique without the other. Even if you add all of the books I purchased over a 7 month period it's still cheaper than a "boot camp". To sum it up Mr. Reed I'm glad there is someone out there willing to ask the tough questions, and force the gurus to prove their claims..
Keep up the good work and do NOT hesitate to post this on your website if you see fit. One day I'll be an experienced investor who might be able to learn from your experiences as well. I have just read Kiyosaki's three books and enjoyed them - after all, they are extremely easy reading.
However, I kept having the feeling that something wasn't quite right but I couldn't put my finger on it. We were already beginning in the real estate market and were looking for guidance. His books hinted vaguely at what success is and that it is extremely easy for anybody interested, but then offered no specific help. The corporation thing really bothered me and I was beginning to wonder if my CPA was guiding me correctly when his versions of what corporations could do differed with these best-selling books. That's when I started my own research and I happened upon your page.
So again I say, "Thanks" for confirming my intuitions when I didn't have the fundamental knowledge to back them up! I have not read his book but have been intrigued by the title and the differences it implies about people with different upbringings. Just this evening my 19 year old daughter was asking me several questions about k's, IRA's, the compounding of money, etc. I wanted to follow up that conversation so I went to the "Retire Early" site where he did a brief review of it, and he led me to your site.
I am a 56 year old lawyer--I have been in the Air Force, worked in government and for a major corporation, and am now in private practice-- and I appreciated the wisdom and experience and respect for learning that you have acquired and are able to bring to bear in this review--all with charming candor, zero pomposity and a fine edge of irritation. It's plenty of good advice and a good read as well. My compliments to you. Fifty pages into the book, I was in disbelief. He does a great job in coming up with little sayings that sound good but actually contain no substance.
And the worst part is that he repeats them, over and over again. I went onto amazon. But then again, I guess the general public isn't intelligent enough to discern fact from bullshit. I salute you for your excellent and well writen analysis of the book. Again, I have faith in humanity and the education I received in school. I found your review to be times more interesting than actually trying to absorb his unfounded preachings.
Thanks again, William Barret. As a small time real-estate investor with several rental properties, I purchased this book with high expectations of expanding my admittedly limited knowledge base. Not only was I disappointed by the poor writing and useless information that was presented in this top-selling publication, but as a Japanese-American and active duty military officer, became incensed and a bit ashamed to be related to Mr.
Kiyosaki, however slight, via heredity and profession. It's a shame that Mr. Kiyosaki and others have been able to dupe the public through self-aggrandizing proclamations and hype. Perhaps it's also a testament to the fragile nature of the human psyche which gravitates toward such publicity in the first place. Nevertheless, you're doing a tremendous public service through your on-line reviews and frequent updates, and I wanted to thank you for your meticulous analysis and diligence.
Keep up the great work. I did not find anything in Kiyosaki's book that I thought related to his ancestry, except that I did wonder about what I characterized as his fascination with indirect reverse psychology ways of teaching and learning. It seemed reminiscent of the Karate Kid movie. Is there anything in Japanese culture that would account for such a fascination?
Another possible thing that comes to mind is that Asians are known for encouraging their children to work hard on academics. Is that possibly a factor in his hatred of traditional schooling and apparent rejection of the main theme of his father's life? Reed, According to Robert Kiyosaki's web-site, www. Kiyosaki appears to be trying to interweave Confucian methods with those of his "past teachings. These have been portrayed in various western media such as in the television series "Kung Fu" and the "Karate Kid" movies which you mention..
He also made moral statements without actually preaching. For example, with respect to human relations and the results of one taking advantage of another, Confucius says: "If one's acts are motivated by profit, he will have many enemies. Many of the Asian cultures have been heavily influenced by this Confucian thought process, but sadly, this influence appears to be waning among the current generation of youngsters Getting back to how this relates to Kiyosaki, my personal cut is that he's twisted the "ancient methods" to his own gain, and uses them as a way to subliminally bait the average American with the "power" of these teachings.
The Asian culture does indeed emphasize academics, however it appears that Kiyosaki became more enamored by the success of his "rich father" and the apparent ease by which it was attained which lead to his rejection of the traditional path to success involving hard work and long hours and eventually to the spurning of his own father. Apologize for the long-winded response. Hope this helps. Clem Tanaka. I just bought his 3rd book, and was highly intrigued by tons of financial information that I was never aware of.
So I carefully read tons of raving reviews of his books on Amazon. While I was reading the 1st chapter of the first book, I came across your website and read your analysis of his book. I scanned it rather quickly, and mentally filed away your objections, because I was more into reading the book for making money.
When I finished reading the book, I felt like I was hit with bat to my guts because my way of thinking was perfectly aligned with "Poor Dad"'s thinking. In order to calm myself, I re-read your review much more carefully, and felt as if I was hit in my stomach once again, this time for falling for such a hyped and low-quality book!
How could I have parked my brain outside so guilelessly? This was so hard to take because I take pride on being able to discriminate good books from bad ones. I am buying books on finance, accounting and taxes so that I can no longer fall for these scams. Also felt good that if somebody who have had the actual knowledge of finance and accounting could fall for it, me a web developer with no finance knowledge could fall for it as well, if not more easily!
Thank you! Afterward, I did some internet searching on a book you mentioned, "The Millionaire Next Door," and for some reason decided to play with the search criteria. The result was a link to K's 'rebuttal' to your review. My first impression is that he's trying to make his 'simple' book appear to be a mild, innocent target of abuse by the bad Rich Man referring to your psychoanalysis of K.
In fact, 'simple' and its variants seems to be his favorite word. I almost get the impression that he defends his book as being entertainment, and as such, immune to close scrutiny. Wasn't that long. He certainly hasn't convinced me I should buy his book despite your review. I live in Norway, and therefore, regretably, don't have much use for your books on real estate or coaching sports, for that matter.
I do, however, want to thank you for saving me from wasting my money on K's simple and entertaining book. Date: Tue, 13 Mar From: "M. To: johnreed johntreed. Reed, I found your so-called critique of Rich Dad Poor Dad to be the rantings and ravings of a man who's extremely jealous of Robert's success. Especially since you hold the view that Robert Kiyosaki can't be a TRUE real estate investor, knows absolutely nothing about finance, and God forbid didn't make it into West Point.
It must drive you nuts that such an ignorant man is making as much or more money than you teaching things he doesn't know about. Robert Kiyosaki has admitted that he continues to try and work on his public speaking skills, is not the best writer in the world but he's a best selling author BIG difference , and when it comes to finance he knows enough to pick the best advisors.
The whole point of the book is to explain to ordinary folks who are trapped in the rat race, how they got there, and the mental changes they need to make to get out. The book outlines the philosophy the rich have vs. YOU are an example of the philosophy Robert teaches. You are a Real Estate investor whose properties bring in Passive income.
I'm sure that the money you've made from your assets purchased your private jet, financed your son's Ivy league education, and pays for any expenses or liabilities you've incurred over the years. Even if the deals he outlined in his book are BS the very fact that I can do similar deals and make a killing inspired me to learn about Creative Real Estate Investing which is just what Robert wants his readers to do. Finally, since you LOVE to quote from the book, let me give you a quote that you obviously missed in reading it.
I suppose you were to blinded by your own arrogance and prejudice toward Robert Kiyosaki to see that this one sentence sums up the whole purpose of RDPD Page 19 " The lessons are not meant to be answers, but guideposts. Jamal Green darxkydehu hotmail. Many of your points underline areas where I would stop and choke as I read. Having said that, I think the author, like the skillful politician, captured the essence of a fresh paradigm. I did not view his book as investment advice at all, but as a sort of big picture reevaluation of my financial goals and "what assets" I was focusing upon.
Like your comment about ink blot psychology, I think his charismatic, "you can do it" big picture evoked different things in different people. For me, it made me mentally divide my resources up once again into those that create assets and those that create liabilities. Anyway, I think your overall analysis was great and very useful for all of us who may have looked to "RK" as a sort of financial guru. Thanks again. I came across it after reading half-a-dozen typically, shallow, complimentary reviews about Rich Dad, Poor Dad. Let me start off by saying that I was very curious about this particular book based on the amount of press it has gotten, and the amount of controversy that has resulted from very divergent schools of thought about the book's content.
First of all, I wish to say that all of the rhetoric involved with the term "poor" upsets me. I was raised in a middle class family, and in fact, two generations ago, my family could have been considered "poor". Every single individual in my family has sacrificed a great deal to further each subsequent generation, and the way this author lumps the "middle class" with the "poor", and calls them ALL "poor" really upsets me.
I, myself, am a college graduate in the engineering discipline. I am also a self-taught student in the areas of finance, to which the author refers. I read your review, and I can't do anything but agree with all of the critisims you have given this book. Not a chance! And then there is the glaring BS - the fact that he makes sure to point out in his book that he likes to keep his income small and his bills low. What, with that Porsche, Mercedes, and Armani suits he keeps talking about? John, like you, I went to both public and Catholic schools growing up. I can understand his disgust with the school system's lack of financial education.
However, my mother is a teacher, and we have discussed this topic at length. So, I can see how it might be disturbing that schools do not teach this information, but I feel that this is yet another example of "passing the buck" That really irks me deeply. I have recently read Rich Dad Poor Dad, which I'll admit I found very exciting and inspirational - as a recent graduate I have never thought about money as in way but a hassle - the "don't have any" kind of hassle.
Here is a book which encouraged me to think about my money in new way. I started by trying to look for criticisms of the RDPD method, and reading your critique has definitely been thought-provoking and helpful. Carry on the good work! Regards, Kristi Jarvis , New Zealand. Please explain why you're website is soooo cheesy?! Have you even seen Robert's site?! That is a beautiful thing!
I cannot do everything. Shipping outside the U. If and only if you would like to be a multi-millionaire, if not, then you should continue to haul buckets. You should consider reading Kiyosaki's other books on insight. Hey, did you know that Robert was on Oprah Winfrey?!! No, then you should take time to find out if that information is true or not.
Oprah, the TV chick. Stop trying to bash other people. Chandler, Monica, and Joey: Hey. Ross: Hey Rach. I, uh, got you a little present. I'll open it. It's a Slinky! Remember, huh. Alright, you still mad at me becuase of the whole. Rachel: Horrible and degrading list of reasons not to be with me? Ross: How 'bout from now on we just call it the 'unfortunate incident'?
Ross: Here, go nuts. Chandler, Monica, and Joey : Hey. Chandler: What's in the bag? Ross: Um, just some presents. Joey: C'mon show us what you bought. You know you want to. Ross: [childishly] OK. OK, this is a picture frame from Ben to my parents, huh. Ross: I got some, uh, hers and hers towels for Susan and Carol. And, uh, I got this blouse for mom. It is extremely tacky, with sewn-on medals hanging off of it. Monica: Ross, that is gorgeous! Monica: Look at these authentic fake medals. I tell ya, mom's gonna be voted best dressed at the make-believe military academy.
Phoebe: Happy Christmas Eve Eve. Ross: Uh, Macy's, third floor, home furnishings.
Phoebe: This is my father, this is a picture of my dad. Chandler: Nah, Pheebs, that's the guy that comes in the frame. Phoebe: No it isn't, this is my dad, all right, I'll show you. Rachel: Phoebe, I thought your dad was in prison. Phoebe: No, that's my step dad. My real dad's the one that ran out on us before I was born. Rachel: How have you never been on Oprah?
Phoebe: [showing her pictures] OK, look, see, this is him. My mother gave me this picture before she died, same guy. Monica: Honey, uh, this is a picture of the frame guy posing in front of a bright blue screen with a collie. Phoebe: It's not a blue screen OK, I have to talk to my Grandmother. Monica: Oh, wait a minute honey. Gang: : Phoebs. Joey: So anyway, I'm trying to get my boss's ex-wife to sleep with me. Joey: Oh, but when Phoebe has a problem, everyone's all ears!
Phoebe's Phoebe's Grandmother is sitting at the table, reading the obituaries, and crossing out names in the phonebook. Phoebe's Grandmother: : Esther Livingston. Phoebe's Grandmother: : Hi, Phoe. Phoebe: Hi Gram. Whatcha doin'? Phoebe's Grandmother: : Oh, just updating the phonebook. Phoebe: Um, gram, um, can I see the pictures of my dad again? Phoebe's Grandmother: : [nervously] Oh.
argozemly.ru/modules/zypy-acheter-sulfate.php Oh, sure, sure, uh, uh, how come? Phoebe: Just, you know, to see Phoebe's Grandmother: : Oh, sure, yeah. Phoebe: OK, is this really my father? Phoebe's Grandmother: : Is it really your fa--I can't Phoebe: OK, I smell smoke. Maybe that's 'cause someone's pants are on fire. Phoebe's Grandmother: : Look, I. Phoebe's Grandmother: and granddaughter, you have never lied to me. Phoebe's Grandmother: : All right, that is not your father, that's just a picture of a guy in a frame. Phoebe's Grandmother: : It was your mother's idea. Ya know, she didn't want you to know your real father because it hurt her so much when he left, and, I didn't want to go along with it, but, well then she died and, and it was harder to argue with her.
Not impossible, but harder. Phoebe: All right, so, what, he's not a famous tree surgeon? And then, I guess, OK, he doesn't live in a hut in Burma where there's no phones? Phoebe's Grandmother: : Last I heard, he was a pharmacist somewhere upstate. Phoebe: OK, that makes no sense. Why would the villagers worship a pharmacist? Phoebe's Grandmother: : Honey. Phoebe's Grandmother: : Anyway, that's all I know. That, and this. Phoebe: Oh. Rachel, Chandler, and Joey are decorating the Christmas tree. Chandler: Ya know I remember my father, all dressed up in the red suit, the big black boots, and the patent leather belt, sneakin around downstairs.
He didn't want anybody to see him but he'd be drunk so he'd stumble, crash into something and wake everybody up. Rachel: Well, that doesn't sound like a very merry Christmas. Chandler: Who said anything about Christmas? Ross: Hey, anyone hear from Phoebe yet? Monica: I hope she's OK. Joey: Yeah, I know exactly what she's goin' through. Monica: How do you know exactly what she's going through?
Chandler: So what do ya got there Monica? Monica: Just some stuff for the party. Ross: Yeah, what're you guys doin' here, aren't you supposed to be Christmas shopping? Monica: You guys haven't gotten your presents yet? Tomorrow's Christmas Eve, what're ya gonna do? Chandler: Don't you have to be Claymation to say stuff like that?
Rachel: Oh, by the way Mon, I don't think the mailman liked your cookies. Here are the ornaments your mom sent. Monica: Well, maybe the mailman liked the cookies, we just didn't give him enough. Joey: Monica, pigeons learn faster that you. Ross: Hey, Rach, you know what? I think, I think I know what'll make you feel better. How 'bout you make a list about me. Rachel: Wha Rachel: OK, you're whiney, you are, you're obsessive, you are insecure, you're, you're gutless, you know, you don't ever, you don't just sort of seize the day, you know.
You like me for what, a year, you didn't do anything about it. And, uh, oh, you wear too much of that gel in your hair. Ross: See there, you uhh, all right, ya, you did what I said. Rachel: Yeah, and you know what? You're right, I do feel better, thank you Ross. She is on the phone]. OK, um, in Ithica. Alright, you know what, you shouldn't call youself information. Phoebe's Grandmother: : Hey.
Phoebe: Hello grandma, if that is in fact your real name. Phoebe's Grandmother: : C'mon now Phoe, don't still be mad at me. How's it going? Phoebe: Well, not so good. Upstate's pretty big, he's pretty small, you do the math. Phoebe's Grandmother: : Well, I think you're better off without him. Oh honey, I know he's your daddy but, but to me he's still the irresponsible creep who knocked up your mom and stole her Gremlin. Phoebe: No I just, just wanted to know who he was, ya know. Phoebe's Grandmother: : I know.
OK, I wasn't completely honest with you when I told you that, uh, I didn't know exactly where he lived. If you hit the Dairy Queen, you've gone too far. You can take my cab. Phoebe's Grandmother: : Now, remember, nobody else drives that cab. Phoebe: Uh-huh, got it. Ooh, I'm gonna see my dad. Wish me luck, Grandpa! Joey walks up. Joey: Phoebe here with the cab yet? Chandler: Yeah, she, she brought the invisible cab.
Joey: Well she better get here soon, the outlet stores close at 7. Chandler: Hey, don't worry. Joey: Hey, here she comes. Joey: Hey. Joey gets in the back seat, Chandler in the front]. Phoebe: Can you believe this. In, like, two hours I'm gonna have a dad. Phoebe: All right, here, you have to hold this. Chandler: OK. Phoebe: Uh-huh, yeah, that's my cheat sheet. Chandler: [grabs for seat belt] Where's my seat belt? Phoebe: Oh, no no, that side doesn't have one, the paramedics had to cut through it.
Chandler: [Chandler gets in the back seat] Hey! Monica is preparing for the party with Ross questioning her. Ross: C'mon, just tell me, please, please. Monica: For the sixteenth time, no I do not think you're obsessive. Rachel: Oh, gosh, it's hot in here. Monica: Rach, get the heat. Ross: Sure. By the way, there's a difference between being obsessive and. Ross: Fine, OK! Heat, heat, heat, and I'm the obsessive one. Rachel: Did you just break the radiator?
Ross: No, no, I was turnin' the knob and, and. Monica: Well put it back. Ross: It uhh, it won't go back. Rachel: I'll call the super. Monica: Here, let me try. Ross: Oh, oh that's right, forgot about your ability to fuse metal.