I have a friend who raves about him and his books. Is anyone familiar with him and his works? I did a little digging and it seems that he is kind of "shady". Anyway, wanted to see what people here think of him.
I haven't actually read his entire books yet, although I have skimmed them briefly at the book stores. Kiyosaki is definitely a credible author as I have been recommend to read his book Rich Dad Poor Dad by a few friends. His books are supposedly nice to get you motivated and open to new investment opportunities. I am actually in a real estate club and most of the investors/members told me to get a copy of his book, which I am actually looking for on ebay.
I should sell you my copy of Rich Dad, Poor Dad. Too bad I can't find it. Here's the gist as I remember it: save your money to buy "assets," assets being anything that actually makes money. A car, for example, although considered an asset in accounting, is not an asset to Kiwosaki because it loses value over time and costs to maintain. The other part of the book: actively look for investment opportunities wherever you are, regardless of market conditions. It was interesting, but I wasn't too impressed. If you know anything about investment (I don't), it's a waste of time. I'd try to borrow a copy rather than buy one. And if you can't, don't worry about it. In my opinion, the guy's just trying to make money off selling people basic money-management principles.
I read a bunch of reviews on Amazon, and most of the criticism seems to be that its almost entirely a "motivational" type book rather than a book with specific actionable ideas. IOW, if you weren't into saving & investing and just blowing all your money on your lifestyle, it might be a "wake-up" call, kind of book. But if you're already doing as much as you can as far as eliminating debt, saving, and investing is concerned, the book is pretty much useless because it doesn't provide too much substance or details of things to do or consider that is practical. Is this the opinion of people who have read his books as well?
Screw it, I could die tomorrow. I'd rather drink tequilla shots out of the pierced navel of a Croatian bellydancer than invest in some land. Of course thats just me.
Why Kiyosaki is full of it: http://www.johntreed.com/Kiyosaki.html I read "Rich Dad Poor Dad" and was amazed. I bought it totally. Then, a friend sent me that link and I saw that this guy is not on the up-and-up... I think you can learn more (and better) from talking to a realtor/broker friend than you can from listening to Kiyosaki.
Was going to post that link. Unless you've crafted a scheme of your own, Multi Level Marketing sucks.
Nice link. It's been awhile since I read it, but I remember exactly the feeling of distaste the link describes. I must concede that the only "ripoff" I clearly detected (or at least remember) is the way he tried to plug his 'other products' at the end of the book (educational games and the sort). The other thing I remembered disliking was just the tone - IIRC, it was all about how making money is the end all and the be all. I found that offensive.
