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-- Rich Dad, Poor Dad

Posted by AnotherWay83 on Jan-16-2007 07:12:

Rich Dad, Poor Dad

ok so a number of people mentioned this book in the other thread about the difference between the rich and the poor, however i found an interesting review of that book by John T Reed, here:

http://www.johntreed.com/Kiyosaki.html

its a verrrryyy long read, but well worth it if you think that Kiyosaki is right on the money...

Since John T Reed is actually a competitor of Kiyosaki i guess you have to take it with a grain of salt, however some of the things he mentions do make you wonder!

Quote from that page:

quote:

Kiyosaki slogans like �Don�t work for money. Make money work for you,� are amorphous in their actual meaning, but have the effect of �spinning� the reader into thinking he has just gotten good advice.

Here�s a pertinent passage from Temple University professor John Allen Poulos�s book A Mathematician Reads the Newspaper.

�A similar argument helps clarify why inane I Ching sayings or ambiguous horoscopes seem to many to be so apt. Their aptness is self-provided. In effect, their cryptic obscurity provides a random set of �answers� that the devotee fabricates into something seemingly appropriate and useful.�psychologists count on the amorphousness of Rorschach ink blots to elicit evidence of a person�s core concerns.�

My own supporters occasionally commit the mistake of reading things into my writings. I once got an email complimenting me on my writings. The writer�s favorite quote by me was, �When everyone is digging for gold, sell shovels.� I thanked him for his compliments, but said, �I never said that.� He then wrote back that he searched all over my Web site, but could not find it.

Posted by Fir3start3r on Jan-17-2007 02:23:

Just to plays devil's advocate, he does disclaimer himself all the time because even he realizes people tend to do just that, fill in blanks where there are none.

I've seen him speak twice and one of the very first things he says is that he had a successful business before getting into real estate.
Real estate is a great way to keep your investment (done smartly) and most tax lawyers usually suggest it as viable way to shield your money from taxes...
(Not to mention a great way to leverage your $$ when banks are willing to hand out mortgages)

Say what you want about Kiyosaki but he at least walks his talk!

a man with experience is never at the mercy of a man with a theory...