Are you serious?? If I grow up with murderers, can I slaughter a few people and get off because I was raised poorly????

Kiyosaki’s great if you want to really be happy, u may need to have less financial and other social worries…. as the good book says in 1 Thessalonians 4:11 KJV “And that ye study to be quiet, and to do your own business, and to work with your own hands, as we commanded you” Its that simple, mind your own business.

A bit unfair. I learnt that knowledge is the new money and the power of good debt but his attitude and language is crass and uncouth.

Oh, and all those John T Reed nuthuggers make me laugh. His simple “These guys are wrong, I’m always right” marketing strategy really does appeal to numskulls.

If you listen to a consummate marketer who knows how to accumulate wealth within the confines of the law, you will discover that each such person has a system and a core product/service.

You miss the point about learning from someone like Kawasaki because he’s supposedly a God and will impart information in a seminar or tape series that will instantly turn you into a Trump-in-the-making.

If you are looking for your coat hanger idea, then being around the Kiyosaki-type people and those who follow him will put you one step closer to that big house on the hill.

If, on the other hand, you want to put such people on a pedestal and then rip them apart when they don’t give you what YOU think you need, then get a job. Leaders piece together the puzzle pieces; they don’t expect the truth about life to drop in their lap simply because they paid $5000 for that “crappy, scammy” seminar.

One idea is probably all you need to turn your disappointing life around. hanging around with the eagles rather than the whiners is a first and very constructive step.

Two strikes against him.

First, there’s really not any proof that he made lots of money before he started selling books on how to make money.

Second, there’s been some good questions raised about whether “Rich Dad” even exists. “He died” or “He’s alive but in a nursing home”…both from RK–in that order. RK also compared him to Harry Potter in a Feb 2003 smart money issue.

So, if “rich dad” may not have existed (and thus was not rich) and if RK didn’t make money until he started writing….then why should we believe him when he tells us how to make money?

It’s not like he can say “Oh, here’s some proven examples.”

I read the book and didn’t find it worth my time. I also didn’t like what he said about his dad…I thought his dad didn’t do bad at all. Middle to upper-middle class…sometimes life’s about more than being really rich, having enough and being happy is good too.

His books are great at motivation but low on actual ideas.

I’m battling weight-gain myself. I eat less than a lot of people I know but I’m fatter than them. That still makes it my fault. I accept it and go to the gym more often. 95% of fat people are fat because they eat more calories than they expend. I’m one of them!
most fat people may not be lazy, but they sure do eat too much and have different priorities than other folks.

RK makes perfect sense. He says alot of ugly things but it’s mostly truthful, brutal but real. It all comes down to taking responsibilities for yourself, your health and finances, etc.
Get a grip coz as Jack N says :”YOU CAN’T HANDLE THE TRUTH”!!.

http://finance.yahoo.com/columnist/article/richricher/1329

If anyone was stupid to follow the strategy (leveraging real estate) he explains above, they would be on the verge of bankruptcy now the way house prices have tanked.

http://finance.yahoo.com/columnist/article/richricher/1649

In this article, Warren Buffet is quoted and endorsing diversification and then he explicitly comes out against it. His commentary always has a “belittling” tone: “Do you want to become a professional investor or remain an amateur? If you choose to remain an amateur — a passive investor — then, by all means, diversify.” This is complete nonsense, implying the amateurs are stupid and professionals are “in the know.”

Lately, he’s been on a commodities kick (gold, silver, oil), but spends more time bragging about how he’s achieving great returns. I can’t wait for him to point out the next trend he successfully spotted after it’s over.

Suze Orman may be touchy-feely and Ben Stein may sound like a monotonous fuddy-duddy but at least they make sense in their columns.

T.Bellum

There has been a lot written about the inconsistencies in both his life story and his claimed track record as an investor (including the comments on John Reed’s website) which raise serious questions about his credibility. Personally, I stopped wasting my time on Kiyosaki’s writings a long time ago.

Back to you, Flexo.

Here is the truth. RK has done a lot to get people interested in personal finance. RK has an attitude that a lot of people dislike. His advice relies on oversimplification of issues, and some of his theories have been proven wrong many times by many different people. He makes his money by selling himself. His Yahoo columns have caused controversy. He may have made up his stories about his life growing up that he purports to be actual history (but that may not matter if you believe all stories have varying degrees of fiction anyway).

None of those facts are undeniable.

I agree with you 100% Flexo.

Frugal

Also, he is correct about taking responsibility for your financial situation and health. You can blame anyone you like, but in the end you are the one who has to change it.

That is a great link to site that denounces the man. I have an ad up for the book Rich Dad, Poor Dad on my site, but ever since I read John Reed’s website, I’ve thought of taking it down. I always felt slightly uneasy about Mr. Kiyosaki’s claims, and Mr. Reed points out what I could not quite articulate.

The book did make me think about money in a different way (buying an asset vs a liability) and I’m glad I read it, but in the pantheon of books out there, he doesn’t even begin to rate with other writings.

I really hate this guy. He is a stuck up bigot who never made a honest dollar.