Did Robert Kiyosaki (author of Rich dad Poor dad) just rob me of $40?

Question

I'm eager to learn about the world of bussiness and investing and am only 16 so I decided to get his books. I read his book Rich dad Poor dad and was interested in his ideas. But after reading the sequel (Cashflow quadrant) and this review http://www.johntreed.com/Kiyosaki.html

I think that I just got robbed. The books don't seem to offer me any real advice and everything is extremely repetive! It only refers to the same things over and over again, while telling his life and stories of success.

SO I really want to know what other ppl think about Kiyosaki.

(sry for any bad spelling)

Answer 1

I agree with John T. Reed. Kiyosaki's advice is worthless.

Answer 2

he;s an idiot.

if you want to learn about investing, consider looking into people like Benjamin Graham, James O'Shaughnessy, Joel Greenblatt, etc.  At 16, some of these may be a bit of a reach for you, but they're a million times better than Kiyosaki.

Maybe more in line for someone your age would be something like Learn to Earn by Peter Lynch (written specifically for teenagers, if i remember correctly).

But a good place to start before buying a book is to check sites like wikipedia to see if there are a bunch of criticisms of the author before you shell out any cash.

Answer 3

Firstly, Rich Dad Poor Dad is a really amazing book. His other books were obviously just a supplement to a cash cow. He made me think about money and finance in a totally different way. Had I read his book when I was 16, I would have used my college money to make investments. I would have gotten my real estate license as soon as I got out of High School, made some quick flips, take that money, and continue investing in rental properties. My wife and I started late, but we have a lot more investments then we would have. I can promise that my wife and I will retire and never have to work again by 45 years old because of the investments we have made.

The book can't tell you A B C D and then boom! You are a millionaire. It tells you a new way of looking at money and working, for which he is right.