2007-07-18 05:19:00 · 7 answers · asked by TODD S 3 in Business & Finance ➔ Personal Finance
If I find R.Kiyosaki, I'm gonna kill him. I was so inspired by his "Dream Rich" formula in that book that I screwed a well-paying job, started my own business and ended in debt. I wish I was more practical and down-to-earth. It just feels as if all my dreams have been shattered.
2007-07-18 05:29:48 · answer #1 · answered by Phoenix 寶尚羿 3 · 1⤊ 1⤋
Personally, I think the information is very good. Most people disagree with his concept that a house is not an asset, but I have to say I'm beginning to see the light. Taxes, Insurance, constant repairs on one thing or another...it's a huge expense. I happen to be in a highly appreciating market, but still....that only helps me when I sell.
Anyway...I think he's a little too repetitive and I would suggest you start a home based business unless you have a set skill. This way, you can build your business and then quit so you don't have the problem that Pheonix did...quit and start a business and have it fail.
His get out of debt plan is very sound and has worked great for me.
2007-07-18 05:53:07 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Kiyosaki is an ex-Amway salesman (really!) who wrote some best-selling books full of pablum and bad advice. (The pablum is not all bad advice, but that's mostly repeats of what you can find in better books by other writers.)
He's neither a good writer nor does he know much about finance or economics. He has been caught in repeated elementary mistakes in financial calculations, etc.
In a field that's full of competitors who can actually write and understand what they write, why pay attention to Kiyosaki?
2007-07-18 06:14:01 · answer #3 · answered by enoriverbend 6 · 0⤊ 0⤋
there's a lot of info about this guy on the internet. I personally think the info he provides is very good and will certainly help you at least thinking like a rich person. That said, the stories on the internet will have you believe the story at the root of his books is completely made up! It really doesn't matter though; if it makes you money and provides good information, i don't think the guise of true vs fiction really matters.
2007-07-18 05:26:14 · answer #4 · answered by chris m 3 · 0⤊ 1⤋
i think all these books are garbage. these guys aren't rich, they make money from writing books about advice they've gotten at seminars and such. which they usually dog on in there introduction. i read his second book not the first. it made me feel succesful for about a day, but it didn't really give a whole lot of pointers in being succesful.
2007-07-18 05:29:05 · answer #5 · answered by ripcity3200 2 · 2⤊ 0⤋
He's a schemer. He's built his fortune off of the hopes of the gullible masses. The book's a waste of time.
2007-07-18 05:23:06 · answer #6 · answered by Underground Man 6 · 2⤊ 1⤋
makes sense....just play monopoly
2007-07-18 05:20:56 · answer #7 · answered by Anonymous · 0⤊ 1⤋