John T. Reed's analysis of Robert T. Kiyosaki's book Rich Dad, Poor Dad

08 Aug 12

adkittur

finance advice

27 Jul 12

occams razors

Rich Dad Poor Dad

06 Nov 11

lalago

but the book goes on to deliver a pack of lies that make getting rich seem much easier than it really is and make education sound much less valuable than it really is
Basically, people want to get rich quick without effort or risk.
Can the ordinary person get rich? Yes
Is it as easy as Kiyosaki makes it sound? Not even close.
Can it be done as fast as Kiyosaki says? Nope.
Is education as worthless as Kiyosaki says? Every pertinent study has shown that the more education you have, the higher your net worth and income. Also, educated people live longer, have fewer divorces, better health, and so forth.

1 more annotation...

01 Nov 11

elle latou

Rich Dad Poor Dad criticism dad

18 Sep 11

demosdemos

There are lots of books that do a better job of getting you to think about your finances. I suggest my Succeeding and How to Get Started in Real Estate Investment as well as The Little Book of Common Sense Investing by John C. Bogle and Jane Bryant Quinn’s Smart and Simple Financial Strategies for Busy People. These are books that actually have what Kiyosaki falsely claims to provide.
Can the ordinary person get rich? Yes
Is it as easy as Kiyosaki makes it sound? Not even close.
Can it be done as fast as Kiyosaki says? Nope.
Is education as worthless as Kiyosaki says? Every pertinent study has shown that the more education you have, the higher your net worth and income. Also, educated people live longer, have fewer divorces, better health, and so forth.

07 Aug 11

P Bonitz

Rich Dad Poor Dad review investment wealth

Many small businesspeople adopt grandiose company names, like Pritchco Interplanetary, that make them sound much larger than they really are. I tell my readers not to do that because such names encourage lawsuits. I encourage small real-estate investors to use their own name, because people are more inclined to sue big-sounding corporations than an individual. I recommend that you read an article I wrote on how to take title with regard to privacy and other aspects of money.
Real estate investors generally do not incorporate. Accountant Bob Baldassari of McLean, VA says he and his colleagues almost never advise a small real-estate investor to incorporate because the disadvantages far outweigh the advantages.

27 Jul 11

Aditya Banerjee

A really long long piece

finance education books criticism

12 Jul 11

sanchomdv

20 Mar 10

Siim Lepisk

critics reference business

09 Dec 09

John McEachern

A number of people asked me about Robert T. Kiyosaki and his book Rich Dad, Poor Dad. When I said I didn’t think he was a real-estate guru, they insisted he was. Several told me I would like him, that he preaches a message like mine. Eager to find such a guru, I bought his book, Rich Dad, Poor Dad, in a bookstore.

Rich Dad Poor

17 Nov 09

Harsh Vardhan

Some very targeted and hard hitting criticism of the popular motivational book by Robert T. Kiyosaki. It argues on Kiyosaki's expertise in "Real Estate Wealth Creation". John T. Reed, the critic here, suggests that he is more of a salesman than an investor. He uncovers the truth about Kayosaki's personal wealth, highlights anomalies in his strategies, and challenges the validity of his proposed ideas in the book, by referring to them as "dangerous, law breaking and misleading".

Though his expertise as a motivational speaker and an all-round sales man is acknowledged, John T. Reed highlights the outcome of Kiyosaki's earlier business ventures.

It is shocking to learn that he was the mind behind popular MLM (multi-level marketing) programs like Amway, which was later dissolved.

This is an eye-opener for people who are in love with Kayosaki's suggested paradigm at wealth creation.
Personally, I am intrigued at the detailed level of research done on Robert Kayosaki. Also I find it very interesting how someone is riding on his success to sell their own products. I find it extraordinarily impressing how Reed is eating into Kayosaki's share of profits by simply criticizing his work and ethics.

Robert kiyosaki kiyosaki investing john reed finance Rich Dad Poor Dad real estate make money

10 Nov 09