51 replies
I am just curious as to what some of you might think of Robert Kiyosaki.

I personally like what he talks about and I definitely agree with him that the biggest pyramid scheme in America is Corporate America.

I also agree with him on the fact that as a society we spend more time and money focusing on stupid certificates and degree's than we do on what people actually know and can do.

As a society we are more prone to listen to Dr. Phil tell us what is wrong with us and how we are supposed to change, yet we spend absolutely no time really looking at ourselves or trusting ourselves and believing in ourselves and I think that is a shame because all it does is make us into one of the mindless masses otherwise known as Sheeple.

I've been a big fan of Robert Kiyosaki ever since I read an article that he wrote where he says that Corporate America is the biggest pyramid scheme in America.

What he says is not very far off from what I am reading in a book about getting jobs.

I that book the author says that we spend a lot of time focusing on degree's and certificates and we will even equate that with being an expert. He goes on to say that it's kind of like saying you have a certificate saying that you're an expert marksman, but when we take you to the gun range you can't hit the broad side of a barn.

He further goes on to say that thankfully we don't do that with airline pilots and I tend to agree with the author on that as I sure as hell would be the first one getting off the plane if the pilot were to stand up and say 'I've got my certificate saying I know how to fly, but this is my first time in the cockpit of a plane'.

I don't know about the rest of you, but if that were to ever happen I'm making like the cast of a really bad play and exiting stage left off the plane as fast as I could because I certainly would not want to be his guinea pig.
#kiyosaki #robert
  • Profile picture of the author smodha
    You shouldn't pay attention to Kiyosaki as there are better self-help gurus out there. RD/PD is completely fictitious even though he writes it like it's a true event in his life and one of his companies declared bankrupt last year (Rich Global LLC). So, you can see there are too many 'red flags' for me.

    I would recommend The Master Key System or The Monk Who Sold His Ferrari.
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    • Profile picture of the author RichBeck
      Originally Posted by smodha View Post

      You shouldn't pay attention to Kiyosaki as there are better self-help gurus out there. RD/PD is completely fictitious even though he writes it like it's a true event in his life and one of his companies declared bankrupt last year (Rich Global LLC). So, you can see there are too many 'red flags' for me.

      I would recommend The Master Key System or The Monk Who Sold His Ferrari.
      smodha,

      I agree...

      What is really funny......

      He earned his money by selling his books and speaking....

      Not by applying what is in his books.....
      :rolleyes:

      That is a red flag the size of Texas!

      God Bless,

      Rich Beck BCIP, MCSD, MCIS
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      • Profile picture of the author Gary Ning Lo
        Originally Posted by RichBeck View Post

        smodha,

        I agree...

        What is really funny......

        He earned his money by selling his books and speaking....

        Not by applying what is in his books.....
        :rolleyes:

        That is a red flag the size of Texas!

        God Bless,

        Rich Beck BCIP, MCSD, MCIS
        I also heard about this.

        Which is somewhat funny

        But i guess i cannot hate him for doing that because he was one of the first self help gurus that made me realize that i should quit my day job.

        Cheers,

        Gary
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    • Profile picture of the author mert
      All that he is saying is that everything is an option... It takes a great amount of perseverance and skills to make things happen. Mindset is the key but not all of us has it. But on the extreme side, what he is preaching has some reality to it.

      Originally Posted by smodha View Post

      You shouldn't pay attention to Kiyosaki as there are better self-help gurus out there. RD/PD is completely fictitious even though he writes it like it's a true event in his life and one of his companies declared bankrupt last year (Rich Global LLC). So, you can see there are too many 'red flags' for me.

      I would recommend The Master Key System or The Monk Who Sold His Ferrari.
      Bankruptcy does not determine that your theories is not true... Like I said, it's an option and besides business is a venture!
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      • Profile picture of the author smodha
        Originally Posted by mert View Post

        All that he is saying is that everything is an option... It takes a great amount of perseverance and skills to make things happen. Mindset is the key but not all of us has it. But on the extreme side, what he is preaching has some reality to it.



        Bankruptcy does not determine that your theories is not true... Like I said, it's an option and besides business is a venture!
        That is true. But he's still bogus for me. Didn't one of his partners sue him over RD/PD too? Like Dan, I found the book hard to read and pretty much gave up.

        I would personally recommend writers like Eckhart Tolle. His books and life story is much more human. For example, he talks about how he was homeless on the streets of London and suicidal.
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        • Profile picture of the author gearmex
          Originally Posted by smodha View Post

          That is true. But he's still bogus for me. Didn't one of his partners sue him over RD/PD too? Like Dan, I found the book hard to read and pretty much gave up.

          I would personally recommend writers like Eckhart Tolle. His books and life story is much more human. For example, he talks about how he was homeless on the streets of London and suicidal.
          i find his books really hard to read also, i have 2 of them and 2nd one (with Trump Midas Touch) still havent finished solely on his part, Trumps part flies but his real slow) dont like reading his books on my 2 book experience. Just my opinion.
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  • Profile picture of the author RogozRazvan
    Good financial education (at a very basic level) but he over-promises. It's one to teach people that there are assets that eat money and assets that produce money and other that you can get rich by following a 1 - 2 - 3 plan of investing in RE.

    I have two of his books. Tried to read one while taking a bath. Too much fluff and too little substance but there are so gems there.
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  • Profile picture of the author jenmidas
    I love his so-called non-Havard-mini-financial-books

    Wakes up me from the so-called financial conspiracy according to him.

    And start building my 'hedge'.

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    • Profile picture of the author namktqs
      We need really have knowledge or experience about something that can make we have free with them. That is why we need really invest self improvement in ourselves on what we want to do. To become really expert on something we need persist learn and practice along time. This world always need real experts.
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      • Profile picture of the author rdonovan1
        Originally Posted by namktqs View Post

        We need really have knowledge or experience about something that can make we have free with them. That is why we need really invest self improvement in ourselves on what we want to do. To become really expert on something we need persist learn and practice along time. This world always need real experts.
        I agree with much of what you said. The only part that I disagree with the part about needing real experts.

        We've got plenty of them around. What we need is for people to start using basic common sense and intelligence.
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  • Profile picture of the author rdonovan1
    I agree with what he says about Corporate America being a pyramid scheme and about using financial intelligence.

    I don't know if he actually had two dads or if he was just simply using a metaphor. What I do know though is that you can't get anywhere in life if you are not making the right decisions and learning from your mistakes.

    I also know from studying NLP that if you want to get anywhere in life, then you need to find people that actually know what they are doing and model them.

    If for example you want to learn how to be a real estate investor, who would you be more willing to listen to and take advice from on how to do that. Donald Trump or the fry guy at McDonald's.

    My bet is you would more than likely want to take advice from Donald Trump. The same is true in anything that you do in life.

    Reading books is good, but by itself it won't teach you about life or how to do something. The only real way to learn how to do something is to be willing to take what you've learned, go out, make mistakes, and to learn from those mistakes.

    It's just like studying the martial arts. You can read a book all you want or watch a video about it, but unless you actually go out and practice the techniques you will get no where with it.
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  • Profile picture of the author Bhekizwe
    Robert Kiyosaki is the real deal.The Cashflow Quadrant he taught is beneficial to understand for financial freedom. My understanding is that he attained financial freedom in 1994 before publishing his first book "Rich dad, Poor Dad" in 1997
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    • Profile picture of the author rdonovan1
      Originally Posted by Bhekizwe View Post

      Robert Kiyosaki is the real deal.The Cashflow Quadrant he taught is beneficial to understand for financial freedom. My understanding is that he attained financial freedom in 1994 before publishing his first book "Rich dad, Poor Dad" in 1997
      I agree. He is the real deal. all these other idiots that are out there are just that. Most of the people out there are frauds and will do or say anything just to get you to buy whatever they are selling.

      That's why I look for those people who are believable and who have actually done what they are preaching. It's called modeling and it's important for people to keep in mind. It's easy for people to say they are experts, but unless they can backup their claims with actual proof it means nothing.

      I'm cautious and skeptical of most people because over the years I've seen and heard too many scams and lies. That's why I always pay attention to what people say, how they say it, and how they look and act. If things don't add up, then it's likely that the person is lying to you.

      I may be a bit jaded, but unlike a lot of the people out there I'm nobody's fool. Generally speaking I can smell and spot a lie or a scam a mile away.
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    • Profile picture of the author smodha
      Originally Posted by Bhekizwe View Post

      Robert Kiyosaki is the real deal.The Cashflow Quadrant he taught is beneficial to understand for financial freedom. My understanding is that he attained financial freedom in 1994 before publishing his first book "Rich dad, Poor Dad" in 1997
      Why is he? All the money he made was from selling RD/PD and talking about it.

      Does he implement the strategies in his book? If he does then why did one of his companies go bankrupt (Rich Global LLC)?
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      • Profile picture of the author jeffcoga
        Originally Posted by smodha View Post

        Why is he? All the money he made was from selling RD/PD and talking about it.

        Does he implement the strategies in his book? If he does then why did one of his companies go bankrupt (Rich Global LLC)?
        Henry Ford BK, Trump BK...

        People just need to understand that you need 2 types of coaches in life.

        1. The coach who actually has "made the millions" - NO BS, NO this and that, someone who made it in what they preach...
        2. Accountability coach - someone who keeps you accountable to get sh*t done...

        The RK group I've joined back in 07 and paid thousands. The stuff works... its a matter of "fixing your brain" as a business owner/business builder.

        p.s. Kiyosaki is my uncle J/K
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        • Profile picture of the author Arun Chandran
          In my humble opinion... Jim Rohn is truly the best business philosopher ever. Serious and funny at the same time.

          His videos are on youtube. And I have learnt so much from him.
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          • Profile picture of the author heavysm
            Originally Posted by Arun Chandran View Post

            In my humble opinion... Jim Rohn is truly the best business philosopher ever. Serious and funny at the same time.

            His videos are on youtube. And I have learnt so much from him.
            I agree, excellent stuff. Huge impact in the way he presents himself.

            I only ready Robert's books early on for the mindset shift. I don't study him for the individual elements of his business. But I will say that those like Trump might have had a few or even several bankruptcies, but at least they're still going strong.

            For me it's not so big of a deal that a bankruptcy happens. The real key is how the one handles it to move on to bigger and better things.

            I only say this because my very first business went down like 4 years ago (I was ill-prepared back then). It doesn't matter so much that it happened as it does what i did to recover from it. I'm doing pretty darn well now lol.
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  • Profile picture of the author mert
    Well, Robert may not be totally correct when he describes corporate America as one “big pyramid scheme”, as he also dabbled in mining and real estate He however, has great ideas on business, due to his intense passion for entrepreneurship, investing and financial literacy. He actually attained full financial freedom before he wrote his first book in 1997.
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  • Profile picture of the author rdonovan1
    When Robert says Corporate America is the biggest pyramid scheme in the world he is totally correct. Corporate America exists for one reason and that is to make money for them any way that they can. To them you are nothing but a number.

    To Corporate America you don't matter and neither does your family. People who think that Corporate America are their friends and are trustworthy are deluding themselves. The days where you can work at a big corporation and expect to retire from there are long gone. That's why Robert promotes the idea of starting your own business and he is not alone in that either.

    Robert Allen and Entrepreneur Magazine make the same claims. Corporate America is also known to be be very corrupt and greedy as well and it's because of companies like Enron that congress passed a law called the Sarbanes-Oxley Act.

    When you work for Corporate America the only thing you are doing is making them rich. You are giving them all of your time and are allowing them to dictate to you how you should live. That's why Robert and so many others write and say what they do.

    People like Robert are promoting entrepreneurism and are very much against the idea of working for Corporate America.
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    • Profile picture of the author Jeff Schuman
      Kiyosaki reportedly has a net worth of over $80 Million Dollars. Many companies in America file for bankruptcy as a business strategy and not a personal one. This happens all of the time.

      I personally am not a big fan of MLM programs, but Kiyosaki is and he makes a good point in regards to corporate America being one big pyramid.

      Most of us here in the Warrior Forum are trying to get, or have already gotten, out of our jobs and want to set up our own businesses.

      I expect we will all go through ups and downs like Robert Kiyosaki already has and hopefully we will land on our feet and keep plugging along just like does.
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      • Profile picture of the author rdonovan1
        Originally Posted by Jeff Schuman View Post

        Kiyosaki reportedly has a net worth of over $80 Million Dollars. Many companies in America file for bankruptcy as a business strategy and not a personal one. This happens all of the time.

        I personally am not a big fan of MLM programs, but Kiyosaki is and he makes a good point in regards to corporate America being one big pyramid.

        Most of us here in the Warrior Forum are trying to get, or have already gotten, out of our jobs and want to set up our own businesses.

        I expect we will all go through ups and downs like Robert Kiyosaki already has and hopefully we will land on our feet and keep plugging along just like does.
        I'm not a fan of MLM either. MLM schemes like Amway never work in my opinion and I won't do them.

        I do however believe very strongly in being an entrepreneur and in starting businesses of your own. I also believe very strongly in e-commerce as well because I know that those things are honest, real, and very doable. Learning how to do them and properly implement ideas like that is the hard part as there are a lot of different ideas about how to do it, but it is very possible to do and that is proven just by looking around you and being observant as there are plenty of well established examples it both online and offline.

        Starting businesses is also why the Small Business Administration exists.

        Out of all the hairbrained and stupid ideas that the government tends to think up the SBA is actually one of the best ideas that they ever came up with because the government recognizes that it is people who start businesses that provide the most jobs for people and who do the most to stimulate the economy by hiring people and giving them jobs. That in turn allows people to make enough money to pay their bills and to do their part to stimulate the economy by buying things that they want or need from other merchants.

        It's capitalism at it's finest and it's a hell of a lot better than sitting around waiting on either Corporate America or the government for anything. Waiting on the government or Corporate America to do anything positive and productive is an exercise in futility because both Corporate America and the government only move when they want to, unless they believe that you owe them money.

        Waiting on the government or corporate America is like the old skeleton woman sitting on the bench looking for her Mr. Right.
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      • Profile picture of the author smodha
        Originally Posted by Jeff Schuman View Post

        Kiyosaki reportedly has a net worth of over $80 Million Dollars. Many companies in America file for bankruptcy as a business strategy and not a personal one. This happens all of the time.

        I personally am not a big fan of MLM programs, but Kiyosaki is and he makes a good point in regards to corporate America being one big pyramid.

        Most of us here in the Warrior Forum are trying to get, or have already gotten, out of our jobs and want to set up our own businesses.

        I expect we will all go through ups and downs like Robert Kiyosaki already has and hopefully we will land on our feet and keep plugging along just like does.
        My problem with RD/PD is that the story is completely fictitious. Kiyosaki has said it himself. For me, this admission of facts destroys any credibility.
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        • Profile picture of the author babyleaps
          Originally Posted by smodha View Post

          My problem with RD/PD is that the story is completely fictitious. Kiyosaki has said it himself. For me, this admission of facts destroys any credibility.
          I agree. I whipped through the books to see what I could glean, and moved on.

          So much of the knowledge-gathering in this profession seems to be about triangulation of what is real and what is bogus by checking several sources and opinions. Read, research, verify, model, and USE YOUR BRAIN
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  • Profile picture of the author thedanbrown
    Kiyosaki is more of a real-estate guru than a self-help guru. He made most of his money in real-estate, both investing and teaching.
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  • Profile picture of the author ValueSeekr
    As a finance professional myself, I get questions about Robert Kiyosaki fairly often. People want to know whether he's the real deal, so I have read a fair amount of his work.

    My personal issue with his work is that his main investment strategy is to buy cash-flow generating assets and use the positive cash flow to buy other cash flow generating assets (eg. property). While the concept works (and has been tested over thousands of years), it fails to discuss the time investment involved in managing multiple cash flow assets.

    He makes money with his "Rich Dad, Poor Dad" series, not his investments. He went bankrupt in the 1980s and is currently in the process of going bankrupt again. I would avoid him. There are better authors out there.

    Again, as a finance professional, I'll tell you the same thing that I tell all of my clients to get rich.
    1) Always save at least 10% of your gross income in a tax-efficient manner (401K in the US, RRSPs in Canada, etc...). 20% is much better. If you can't afford 10%, you've probably made too many financial commitments and you need to take a reduction in lifestyle.

    2) Only invest in assets which you understand (where revenues come from, expenses go, how the asset makes profit, etc...). If you don't understand investments, buy an index weighted ETF.

    3) Bonds = poor investments. Investment managers make more money from them (through higher MER) which is why they're still around.

    4) Your house is not an investment. I repeat, YOUR HOUSE IS NOT AN INVESTMENT. It is an asset, but it is not reasonable to expect your house to appreciate at more than 3% per year in the long-run. Considering there is an opportunity cost to capital (you could put that money somewhere else and make >3%), you might be better off renting and putting the down payment into something that will generate returns for you. Please note that this specific point is heavily dependent on the location (eg. Real Estate might make sense in Arizona but not in LA).

    5) Assuming you work for someone, let them know your long-term career intentions. You will never get that promotion if your doesn't know you want the job. You need to be vocal, and 6 months before the job becomes available. This is even more important for women.
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    • Profile picture of the author Young Financier
      Originally Posted by ValueSeekr View Post

      As a finance professional myself, I get questions about Robert Kiyosaki fairly often. People want to know whether he's the real deal, so I have read a fair amount of his work.

      My personal issue with his work is that his main investment strategy is to buy cash-flow generating assets and use the positive cash flow to buy other cash flow generating assets (eg. property). While the concept works (and has been tested over thousands of years), it fails to discuss the time investment involved in managing multiple cash flow assets.

      He makes money with his "Rich Dad, Poor Dad" series, not his investments. He went bankrupt in the 1980s and is currently in the process of going bankrupt again. I would avoid him. There are better authors out there.

      Again, as a finance professional, I'll tell you the same thing that I tell all of my clients to get rich.
      1) Always save at least 10% of your gross income in a tax-efficient manner (401K in the US, RRSPs in Canada, etc...). 20% is much better. If you can't afford 10%, you've probably made too many financial commitments and you need to take a reduction in lifestyle.

      2) Only invest in assets which you understand (where revenues come from, expenses go, how the asset makes profit, etc...). If you don't understand investments, buy an index weighted ETF.

      3) Bonds = poor investments. Investment managers make more money from them (through higher MER) which is why they're still around.

      4) Your house is not an investment. I repeat, YOUR HOUSE IS NOT AN INVESTMENT. It is an asset, but it is not reasonable to expect your house to appreciate at more than 3% per year in the long-run. Considering there is an opportunity cost to capital (you could put that money somewhere else and make >3%), you might be better off renting and putting the down payment into something that will generate returns for you. Please note that this specific point is heavily dependent on the location (eg. Real Estate might make sense in Arizona but not in LA).

      5) Assuming you work for someone, let them know your long-term career intentions. You will never get that promotion if your doesn't know you want the job. You need to be vocal, and 6 months before the job becomes available. This is even more important for women.
      I'd like to address the part about bonds.
      I agree that bonds are not a good investment for the average person considering that bond yields are typically low when the economy is optimistic. But the people who make billions off of bonds are those who TRADE bonds, not invest in them (IE: Pimco). But bonds are cool if you just want to park your money somewhere instead of leaving it sitting idle in a bank account. Junk bonds (high-yielding bonds) would be ideal, but are very risky.

      Bonds CAN be a good investment for the average person if they understand the concept of compounding interest. Kevin O'Leary of Shark Tank, in his book "The Cold Truth" tells a story of how his mother worked her whole life but invested a portion of her money into bonds and compounded the returns she received and retired with well over 6 figures.

      When my investment firm gets better capitalized, I want to venture into trading actual bonds. But in the meantime, I'll stick to Treasury Futures and the 30-year bond futures.
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  • Profile picture of the author vic alexander
    He teamed up with Donald Trump for 'why we want you to be rich'.
    Very informative from a real entrepreneur. Even if you don't rate Robert, with Donald in tow
    he has molded himself as credible. I like his philosophy.
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    • Profile picture of the author Daniel Evans
      He's a storyteller.

      The forging coins as a kid story was unforgivable in Rch Dad, Poor Dad and I only read about a third of the way through as stories got progressively unbelievable.

      The message was: Earn more, spend less / Spend less than you earn.

      I may finish it some day though!

      Daniel
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      • Profile picture of the author heavysm
        Originally Posted by Daniel Evans View Post

        The message was: Earn more, spend less / Spend less than you earn.

        I may finish it some day though!

        Daniel
        If you have already derived his message, which is basically the overall message of the entire book, haven't you already finished it?
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        • Profile picture of the author Daniel Evans
          Originally Posted by heavysm View Post

          If you have already derived his message, which is basically the overall message of the entire book, haven't you already finished it?
          It was clear it wasn't evolving into anything else past that message.

          Daniel
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  • Profile picture of the author pikka
    Yeah, I heard that the whole rich dad/poor dad scenario was fake but, it still rings true! However, there have been much controversy surround Kiyosaki. Here is a link to a Canadian TV Consumer Show that followed one of his seminars: http://www.cbc.ca/marketplace/2010/r..._dad/main.html

    Many seasoned real estate investors advise others to ignore him.
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  • Profile picture of the author Cobaki
    Robert Kiyosaki is an entrepreneur and a great investor. Many of us would think he lacks credibility but he is earned a lot and is worth millions of dollars. People have their own ways of earning and the values they have are also different. He received a lot of negative critics but he doesn't care. He's exactly where he wants to be.
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  • Profile picture of the author dwave
    RK changed my life. Hes been getting some bad press lately, we never really know what is going on. I do know that most people get envy when someone is doing very well. RK is a great marketer. Even if he made up those stories they have great principals. I would listen to what your inner gut has to say instead of what the external world has to say
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  • Profile picture of the author Young Financier
    His books are okay, but they are actually for children. Even he says these concepts were supposed to be taught to very young kids. Everything he says is very basic, and common sense, but I guess its needed in a place where most don't have any financial guidance, even at kindergarten levels. I agree that all the books say the same thing, but some people need that.

    I would give it to my child to read around age 6.
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  • Profile picture of the author RockNRolla
    I'm sure he has had great success in his career and is doing very well. However, after reading the rich dad poor dad book, I was kind of let down by it. It had been hyped to death online and I just didn't feel I got much value from it.
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  • Profile picture of the author smodha
    RD/PD reminded me of The Secret. A book that was made famous by its own hype. Rhonda Byrnes made more money talking about "The Secret" (the book) than the the secret itself.

    I am a big fan of self help but there's too much "pie in the sky" stuff about at the moment. There needs to be more tangible books. Systems/strategies you can measure.
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  • Profile picture of the author Andy Lemos
    Robert Kiyosaki and Donald Trump wrote a book called "The Midas Touch " which came out last year. The book is so excellent and it breaks down the difference between entrepreneurs and employees. How the majority will lean toward security in pay through employment than financial freedom through starting their own business. It's also a tester for readers. You will question yourself whether you are fit for the entrepreneur lifestyle or not!!
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  • Profile picture of the author Servaughn
    I like Robert Kiyosaki because he illustrates a simple point- If you want to be financially free, acquire assets and not liabilities. Buy property to rent; don't buy it for yourself. Buy a vehicle to be hired, not to drive yourself. when you make money , enough money through these assets, let them pay for your luxury items.

    Creating residual income, ie. a recurring source of income can make you a success.
    When this income exceeds your expenses, you are on the way to becoming financially free.
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    • Profile picture of the author smodha
      Originally Posted by Servaughn View Post

      I like Robert Kiyosaki because he illustrates a simple point- If you want to be financially free, acquire assets and not liabilities. Buy property to rent; don't buy it for yourself. Buy a vehicle to be hired, not to drive yourself. when you make money , enough money through these assets, let them pay for your luxury items.

      Creating residual income, ie. a recurring source of income can make you a success.
      When this income exceeds your expenses, you are on the way to becoming financially free.
      Is that really divine knowledge? That you need investments that generate money over investments that lose money?

      To me that's simple maths. I personally think that Tim Ferris is a much better writer and example of how to live financially free. He tells you from personal experience how he did it and the strategies/services he used right down to the VA/outsourcing companies that he personally uses.

      That's what you call tangible...
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      I Sell What People Want. The Money Is A Bonus..
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      • Profile picture of the author rob7761
        he has a video on network marketing I like, makes sense
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        This looks to be one of the finest opportunities in recent memory to capitalize on an exclusive product almost everyone enjoys http://GrowRichWithCoffee.net

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  • Profile picture of the author Stefan Pylarinos
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    • Profile picture of the author Andy Lemos
      Originally Posted by Stefan Pylarinos View Post

      I like him. His book Rich Dad, Poor Dad and Cashflow Quadrant really changed my way of thinking. His Cashflow game is fun, too, and really had an impact on me.

      Someone to check out is T. Harv Eker, author of Secrets of the Millionaire Mind. Also check out his seminar, The Millionaire Mind Intensive.
      I feel like Kiyosaki has changed the mindset of many people. He's the best of financial literacy
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  • Profile picture of the author QuelThalas
    he has rich dad (father of his friend) and poor dad (his father) he can see everything from 2 aspects or more. maybe we cant understand because of it.
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    • Profile picture of the author smodha
      Originally Posted by QuelThalas View Post

      he has rich dad (father of his friend) and poor dad (his father) he can see everything from 2 aspects or more. maybe we cant understand because of it.
      No he doesn't. Kiyosaki admitted that RD/PD is completely fictitious. For me that's a big dent on somebody's credibility.
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  • Profile picture of the author WebPen
    Even though I like what he teaches, I disagree with his methods (expensive seminars upselling you into more expensive, more hypy seminars)

    But as far as college being useless- that's a load of garbage.

    People with bachelor degrees, on average, earn $1M more than just high school grads. If you get a doctorate (too much time in the books for my blood), that's another $1M over your lifetime.

    Remember, you gotta talk about average. There are obviously lots of people with no college education making tons of money, but they're rare.

    With college, you just gotta make sure you're getting a high ROI. You can't go to a private college and pay $40K a year for a degree in art history or something. Study engineering, marketing, medicine, etc.

    That's not investing in a career- its investing in an expensive hobby.

    Besides, the college experience is priceless. There is nothing like living in dorms next to 20 of your closest friends 24 hours a day.
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  • Robert Kiyosaki changed my life(.)
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  • Profile picture of the author chipkole
    Kiyosaki among other self help "gurus" have a ton of great advice. The thing we most often forget is that knowledge is not enough. At some point we must take ACTION!! Along with adding our own personal twist to things which makes something that already exist "unique". Positive Mindset coupled with ACTION is the beginning of success no matter the arena or profession!!
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  • Profile picture of the author Aaron Doud
    There are things I agree with him on. Such as the issues with Corporate America. The fact that degrees are worthless (my wording not really his).

    And there I disagree with. First and foremost being having assets vs. liabilities. Most of the fun in live comes from liabilities and why make money if not to enjoy it. He is one of those classic "save to be rich" people. But what is the point of saving money if you never spend it.

    I on the other hand believe more in cash flow and living your life around it. I know a lot of people with a higher net worth then me. Most make less money than me and most don't enjoy life.

    Can you use Assets to produce income? Yeah but make sure you are not sacrificing now for tomorrow. Tomorrow is a myth and you are not even sure how many more "todays" you will have so focus on enjoying each and every day.

    And enjoying life doesn't mean living in debt. I think outside of large items that you would have to pay rent on anyways (houses and cars) that you should live debt free.

    So if you want that Lambo you need to increase your cash flow to be able to buy it.
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  • Profile picture of the author Igor Fridrihs
    Hey,

    I personally was inspired by R.Kiyosaki to quit my job and start my own business. And I know a couple of other very successful guys, who were influenced by his "Poor Dad, Rich Dad" book to do the same. So R.Kiyosaki did his life assignment.
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  • Profile picture of the author curly sue
    i like robert kiyosaki especially his rich dad poor dad book but there other really good self help books from Tony robbins, jim rohn and brian tracy.
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  • Profile picture of the author justhandsome
    I agree that Kiyosaki really changed the mindset...about jobs as such .. I think before him ,there was no book which actually gave a plan or a ...contrast between job and business..
    So yeah I still respect him..
    Regarding the truth of RDPD...movie stars live the lies all the time but they are respected ...
    there are movie stars which have acted like priests and may be all together different in their real lives.....
    Monica Belluci played Mary in the Jesus Movie..now well..she aint no Mary in real life if you ask me...but that does not lower down the message she wanted to convey ..the suffering of the great Man Jesus himself...
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    "An 'eye' for an 'eye' ...............................

    .................................................. ...........................................
    ............will not make the article unique enough...try..."oculus"..
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  • Profile picture of the author ex9to5guy
    I read one of his books along time ago when i was getting started. It was motivational and opened my eyes. However like others have said, there are better self hlp guys out there
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