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Anyone read stuff by Robert Kiyosaki?
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| cap |
He's the latest personal finance guru, who has a somewhat simplified, yet highly comprehendible way to inform the general public of personal finance matters..
His book "Rich Dad, Poor Dad" has been on New york times bestseller for 200 weeks...
Anyone read his stuff? It would definitely open up your eyes and reality to how the rich approach money matters compared to the middle class, the amazingly stark differences that keep a lot of us in the middle class all our lives. Best book I've read in a while! |
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| DigiNut |
The book is good in the sense of opening many people's eyes to the fact that they take a half-assed approach to personal finance. But anyone seriously considering following the advice in that book ought to read this... Kiyosaki seems to be a tad less than honest and the advice is questionable at best.
People should definitely read about personal finance, but I'm not sure if that book is one I'd recommend. :p |
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| Crazy Serb |
Damn, that's an interesting analysis of Kiyosaki's book... and here I was the only one who thought that there was something wrong with that book. He did make me think more about my finances and spending, but some of his advice is just unusable. Then he gets really vague on certain points, like he doesn't want to tell us the truth at all. Then again, there are a few good points as well, except for the fact that getting rich is so easy... hell, he's the first one I've heard say that, and I think he's full of it.
Now, if you want something real good, go get a few books/CDs from Brian Tracy. He'll show you how to get rich, reach your goals or whatever the hell you wanna do with your life, but it won't be an easy way as Kiyosaki leaves you thinking. Or even better, try to catch him live in seminars or something... |
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| rabbitjoker |
| Save your money! (ING Direct) |
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| Crazy Serb |
^^^
I like what they're doing... ;) |
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| d!abolic |
| I've read most of Kiyosaki's stuff. It's generally pretty solid. It doesn't matter if the characters in the book are part-fiction. This isn't a novel. The point is to learn the lesson, and that gets accomplished regardless of who his father really was. If the question is whether Kiyo is qualified to teach people about business and money, then the answer is yes: he's a good businessman and money is something he's got a lot of. What Reed has to say therefore becomes irrelevant. And yes, i've read it. |
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| Fir3start3r |
Have just about all his books; have seen him speak twice.
Very, very awesome series.
The biggest knock against him is that he doesn't get specific enough, but then again, he does leave the financal path you'd take up to you. Not everyone will enjoy the same route he took.
Passion for your business is an important cog in the wheel of that journey.
:toocool: |
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| tw1tch |
| They're not howto books, of course they're vague, when was it ever said that it was a detailed howto book? It says quite the opposite, he's not here to give you a step by step guide, that's up to you. Looking for details as to what steps to take when he said there were none in the book is just stupid. Just as complaining about the lack of details, rather dumb IMO, it says clearly, there are none. |
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| Crazy Serb |
| quote: | Originally posted by tw1tch
They're not howto books, of course they're vague, when was it ever said that it was a detailed howto book? It says quite the opposite, he's not here to give you a step by step guide, that's up to you. Looking for details as to what steps to take when he said there were none in the book is just stupid. Just as complaining about the lack of details, rather dumb IMO, it says clearly, there are none. |
Well, some of us who are not so naturally good at visualizing his ideas and filling up all the gaps ourselves, we would've appreciated some step-by-step process or at least a few examples. I know I've learned much more about business, dealing with clients, selling, etc from a book by Brendon Sinclair than I did from all Kiyosaki's books together. Why? Because he gave a simple, straight-forward advice with plenty of details and examples to back it up and illustrate his points. And he provided few hundred pages of sample forms, documents, contracts, agreements, etc that you could look at and actually use yourself. Kiyosaki on the other hand left me clueless on creating a simple business plan.
EDIT: Kiyosaki does get much more specific in his latest packages (6 Steps to Becoming a Successful Real Estate Investor, You Can Choose to Be Rich, etc) which sure helps when you're trying to paint a picture of what he actually means in his books.
I'd recommend those to anyone looking for more details and how to's... |
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| rabbitjoker |
| No, but I studied under Mister Miyagi... |
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| psychosomatica |
I've heard a lot about him recently and he's come up a lot in conversations. Didn't know much about Kiyosaki. Now I know he's a scam :D
He's like one of those retarded infomercials that have 'systems' developed to profit off ForEx trading. As a commerce student.. and hopefully a finance specialist.. it's sad.. really... that some idiot tries to make money off financial markets that way. |
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| cap |
Well, first things first:
THERE ARE ALWAYS ULTERIOR MOTIVES INVOLVED WITH ANY BUSINESS!
Kiyosaki's books are definitely eye-openers. But for the average person, it's just that; an eye-opener. He enables you to see the tunnel, but doesn't turn the light on at the end of it.
However, for a lot of people, that is all they need to get started.
As he says in "retire young, retire rich" if your why is strong enough, the how will follow naturally.
My only beef with Kiyosaki is that any advice he gives you is practically being used against you as he is reeping $ from everyone.
I guess, on the other hand, it proves he's a credible business man as you read his books.
In addition, he likes to profit off selling a "dream." In his board game, Cash flow, it's all about basically being able to quit your job and live in freedom... many people grasp and cling to this dream and Kiyosaki loves preaching it... but the sad fact is, very few people will ever turn the dream into reality, and just be left spending a few hundread on Kiyosaki's products.
For me, aspects of RK's books have defintely been cogent. I now feel as though I have a stronger presence at the helm of my life, and I've subsequently changed the direction of the boat (just a little)
His books effect me even more because of the synergy between his lessons and my studies in university.
He says, and proves quite nicely, that smart Investing and Business Building are the keys to financial independance, and I'm majoring in Finance and minoring in entrepreneurship ( a decision I had made before hand, but now I feel even more confident about it). :cool: |
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