What's your opinion on Robert Kiyosaki's (Rich Dad, Poor Dad fame) teachings ?

Question

What's your opinion on Robert Kiyosaki's (Rich Dad, Poor Dad fame) teachings ?

Answer 1

He's a great salesman, and he's very successful at selling his books.  

But the nature of his books are troubling.  He gives contradictory information, usually misleading and sometimes gravely dangerous to the unknowledgeable, and in the end he provides no practical tools to do anything except buy more of his books and hope that he'll eventually provide some useful information.  He doesn't.

If you're looking for ways to invest successfully, there are plenty of real sources of useful information elswhere.  Read through an entire one of his books, and you'll realized that his goal is not to provide a road path to riches, nor even to inspire - it's merely to convey to you that you're too stupid to invest correctly, so you should keep on buying his books.  It's a dangling carrot, a pot of gold at the end of the rainbow, with no realization of anything concrete.

But, as I initially said, he's very good at it.  I would recommend his books as a means to learn salesmanship, and nothing more.

Answer 2

I think it is very inspiring and very much true!

Answer 3

This is all a frame of mind.  the whole concept about being rich is thinking rich. Dreaming is a good start. Setting achievable goals.

Its a good read.

Answer 4

I think it is a great book, but most people should start out with a Suze Orman book and get their finances and thinking about money squared away first before jumping into stuff the Rich Dad Poor Dad theory recommends.  Most people can't manage 2 cents effectively let alone going big time with their money.  Risk is aweomse if you have educated yourself about all areas of money first.  Calculated risk for the person who truly understands their money is well planned risk.

Answer 5

its gr8t book and it is call correct

becoming more poor feeling rich

Answer 6

It's a great life changing book. Go ahead buy it, I'm sure you will like it.

Kiyosaki uses various examples from his own life, to drive his point of view. Some people after reading the book complain saying - what worked for Kiyosaki will not work for everyone - they may be right, but they all missed the point. Kiyosaki beautifully explains the MINDSET required for building wealth - your goal while reading the book should be to subconsciously pick up these traits, and I bet it will help you in life.

If you are looking for a step by step - How to guide towards riches, then you are looking at the wrong book.

Happy reading :)

-Ashwin

http://www.EaseOfMoney.com