I read his book "Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not! " and found it to be very interesting and it had some good ideas financially.
I also read his other book "Cashflow Quadrant: Rich Dad's Guide to Financial Freedom" and found that book to have some good ideas as well.
I also purchased "Rich Dad's Guide to Raising Your Child's Financial I.Q." for my son, which is a game for kids to teach them about financial principals.
There has been a lot of controversy surrounding him in regards to if he's lying about his life and teachings from his "rich dad". I don't know if he's lying or not and don't really care but I do think he makes some very good points about building wealth, especially if you are a young person just starting out.
2007-01-17 05:32:57
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answer #1
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answered by Lucy E 2
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His books have some good things for people to read. If your interested in advanced finance and how to make money, his books won't do anything for you. It will help regular non-finance/investing people get in the right state of mind, thinking about actually buying assets that improve wealth. It's a good book for kids or adults who spend money like idiots.
His books are entertaining (it was an interesting read!) and tell people to spend their money on things that increase in value or generate wealth instead of spending all your money on consumables that depreciate in value. The story is interesting and that is why everybody can read it. There is nothing that is brilliant or new information. But it will help people get onto the right track. Children should read it in school, in my opinion.
If you actually want to make any money, you'll have to find your own way though. It's just a starting point.
It's an interesting read. I believe he also lied a bit when writing the book, but it's so interesting and it has helped some people get into the right frame of mind... you know, the people who spend money on consumer items, luxury goods, etc. with no real thought of the future or financial freedom. But who cares if he lied or not?
After reading his books I got interested in investing and finance. I read many other books on Warren Buffett and Subway (Start small, think big) etc. But when I read Rich Dad, Poor Dad, I was young.
Kiyosaki is an entertainer to me... who focuses on teaching the extreme basics of money management. And I do mean basics. I mean c'mon.... who couldn't make some money in real estate over the past two decades? But he wrote an interesting book! It helped me get started. Yes, he probably did lie, and no he is no genius, but it was entertaining and an interesting read nonetheless.
I just think some people worship him, and in reality he hasn't taught anyone how to get rich in a particular manner other than buy assets, not items that depreciate. That is just common sense though. His smartest move was actually writing the book in an entertaining and simplistic manner so every Joe could buy it and see why the rich are rich... not that it actually tells you specifically why.
I can't stand the people that say he is so brilliant. Most of his money is from the book! Any idiot could make money in real estate if they bought twenty years ago... in fact, many did. Then he wrote a book about it, but his marketing of the book was brilliant. He is rich because of that book. Read up on that link above (John K posted it), where a real ‘real estate investor’ did the research on Kiyosaki's background and found out many of the things probably were fictional. And to the poster above me, EVEN KIYOSAKI accepts money online, it's just on a prettier website because Kiyosaki is good at marketing.
2007-01-18 13:59:30
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answer #2
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answered by ulchka 3
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Once you've read Kiyosaki's book, "Rich Dad, Poor Dad", I recommend you take a look at http://www.johntreed.com/Kiyosaki.html to view a rather interesting investigation of the "facts" of his life.
2007-01-17 05:55:24
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answer #3
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answered by John K 2
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Yes, http://www.byoaudio.com/play/Wk2fbCgQ This is Robert Kyosaki explaining a form of business that is mis understood and he has a book I have had my children read called "Rich Dad Poor Dad."
He is an awesome teacher and keep in mind that the people who criticize him are competing with him, such as the link tearing him down, above... check out the resource of the guy John T. Reed who is putting Kyosaki down, John accepts VISA and Pay Pal to teach you his course on investing and he isn't reputable.
So I ask you this... Do you have a library card?
If so, Robert Kyosaki's books are FREE at your local library.
Learn from this man, he is a very good teacher.
I would never go to a bumb under the bridge and ask them how to get wealthy and anyone who puts down a successful man or woman are rather suspect to me as to their point of view in life.
87% of the Western Population of retirement age are poor. They rely on their government or church to get by... Robert Kyosaki is very aware of this.
Lately, he teamed up with Trump to help people understand what steps they can take to become wealthy. Why? Because, the middle class is disappearing. Read any acclaimed economists predictions and you will find that it is a reality.
I like Robert Kyosaki because he doesn't go by fear based tactics to win your money for his seminars, classes and or books. He will not put another person down to win you over.
Investing time in your self development so that you can become savvy and diversify your income while young is wonderful.
It's not about luck, so I will never say good luck to you or anyone... It's about design and planning in order to build a financial fortress around you and your future family so that nothing can get through.
2007-01-17 07:39:21
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answer #4
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answered by Anonymous
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Yes he is the author of the "Rich Dad Poor Dad" series of books.
If you want books written by him or his partners you can get them at any bookstore, Amazon.com or his website.
For books that reference him, see the last link below...
2007-01-17 05:30:25
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answer #5
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answered by Random Market Investor 1
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his books are the only finance books i didnt like, he doesnt know what real people are like, his "poor dad" made almost 200k a year, and he said he was shocked when he found out that many people make under 100k a year, i can't take advice from someone as clueless as that
2007-01-17 06:15:35
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answer #6
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answered by swenjj 4
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