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-   -   Robert Kiyosaki (http://archives1.twoplustwo.com/showthread.php?t=159024)

Tien 03-16-2007 12:15 PM

Re: Robert Kiyosaki
 
John T Reed's teachings appeal to the people who are too cheap to pay for an education.

So many people walk into real estate looking for hte cheapest education. The cheapest education you can get is worth what you paid for it. In fact, the cheapest education will end up costing you the most money in the long run due to all the mistakes you make. I spend time to continuously educate myself with the same courses from the gurus (I buy them off ebay because I am a cheap bastard). If I knew 3 months ago what I knew now, I would have closed 3 more deals with combined net equity of 50-60 grand. How expensive was that seminar?

These cheap folks buy 1 course, apply it in all the wrong ways possible and then complain on msg boards that these "gurus" are full of sh!t.

Yeah, of course it doesn't work if you do it ALL WRONG.

I've seen people mess up some of the easiest marketing things to apply. Simple hand written letters. They do it their way instead of the Guru's way and wonder why it doesn't work.

Misery loves company and those people love John T Reed.

jaydub 03-16-2007 12:46 PM

Re: Robert Kiyosaki
 
[ QUOTE ]
[ QUOTE ]
Reed goes in depth about why these people are full of [censored] so he clearly has read the books.He is not just bashing someone for the sake of bashing them.

[/ QUOTE ]

He's bashing the author... but the point of the book is not the author, it is the content... and the content is Motivational for a lot of people...

[/ QUOTE ]

Here's where I think the disconnect between the love and hate RK camps is; regardless of the quality of his teachings, he is being very dishonest about the source of his wealth.

This is extended to all the other MLMers and gurus, if they were as successful as they claim, they wouldn't need to tour the country shilling books and materials. They wouldn't need to derive the majority of their incomes through teaching. Frankly if their methods worked as well as advertised, it would be far more profitable to keep quiet and just use the methods.

J

Tien 03-16-2007 01:18 PM

Re: Robert Kiyosaki
 
That is where I strongly disagree.

Some of them derive the majority of their incomes through teaching, many of them enjoy doing both. I buy courses from the Gurus that do both.

Not everyone on this planet is so greedy for money that they will refuse to divulge their secrets. If that was the case, these forums would not exist and David Sklansky would not write any books. How sad would that be?

I myself am mentoring many students and those students have in turned taught me a lot from their own experiences.

There is no way you can succeed in business professionally trying to hoard every single piece of secret / information to yourself. People will see right through that and choose not to do business with you.

I learn just as much from the experiences of the Gurus as the experiences of the students I mentor.

There is no way I would be able to succeed if I didn't stumble upon some free information that was not hoarded. You can be well assured in the future I will return that favor.

Sniper 03-16-2007 02:46 PM

Re: Robert Kiyosaki
 
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
Reed goes in depth about why these people are full of [censored] so he clearly has read the books.He is not just bashing someone for the sake of bashing them.

[/ QUOTE ]

He's bashing the author... but the point of the book is not the author, it is the content... and the content is Motivational for a lot of people...

[/ QUOTE ]

Here's where I think the disconnect between the love and hate RK camps is; regardless of the quality of his teachings, he is being very dishonest about the source of his wealth.

This is extended to all the other MLMers and gurus, if they were as successful as they claim, they wouldn't need to tour the country shilling books and materials. They wouldn't need to derive the majority of their incomes through teaching. Frankly if their methods worked as well as advertised, it would be far more profitable to keep quiet and just use the methods.

J

[/ QUOTE ]

J,

You are now on a forum put up by a publishing company for the purpose of supporting their books... how can you even make this statement...

Do you question Sklansky on why he would write a book, when he could just not share his knowledge and have more fish in the pond?

jaydub 03-16-2007 09:07 PM

Re: Robert Kiyosaki
 
Tien and Sniper,

Sklansky is a bad analogy. The books and website move away from a gambling based income to a more traditional and passive one.

The gurus are doing the opposite, they claim passive incomes through their methods yet actively work to sell them.

Interesting that you both ignored my point regarding RK's source of wealth.

Tien, RK and the like are hardly doing their promotions for the good of society and a desire to "give back". That is laughable.

J

Tien 03-17-2007 01:50 AM

Re: Robert Kiyosaki
 
[ QUOTE ]
Tien and Sniper,

Sklansky is a bad analogy. The books and website move away from a gambling based income to a more traditional and passive one.

[/ QUOTE ]

Bad analogy? Read back what you wrote and you will see our answers were perfectly justified as a response. I don't believe in keeping secret information to myself. I freely give out priceless information to my trainees because they have a burning desire to learn. I enjoy doing it. So does Robert Kiyosaki, so do a lot of Gurus out there, so does David Skalansky.

I wrote a couple of fundamental SSNL articles that have significantly helped many micro NL players. They show me testimonies in graphs in my PMs. I did it for free and feel happy to do it. That thread alone I have in Microstakes has 10 000+ views over past 3-4 months.

But hey, if I was a Patrick Antonius or Phil Ivey or Doyle brunson, and I compiled a gigantic course on cash game NL poker which includes a dozen CDs, and a huge volume of paperwork, I sure as HELL AIN'T gonna charge 30 bucks.

[ QUOTE ]

The gurus are doing the opposite, they claim passive incomes through their methods yet actively work to sell them.

[/ QUOTE ]

So what if the Gurus and RK market their products and methods more aggressively. That's marketing 101 for you. These guys understand how to market aggressively, I consider that a good thing.

Anybody worth their salt in the field of marketing will know you will never sell anything if you don't believe in your product.

Any besides, we are all salesmen. Every job in the world can be labelled as "salesman". From doctors selling their services of healthcare for the government to accountants sellings services for tax advice. The better the salesman, the more income he makes. Most people would be ashamed to call themselves salesmen, yet most people are also ashamed of their incomes. Direct correlation?

The richest people on the face of the Earth and also some of the most noble benefactors have created their gigantic wealth by "selling" something. Yes, Warren Buffet as well. Every company he owns derives income from "selling".


[ QUOTE ]

Interesting that you both ignored my point regarding RK's source of wealth.

[/ QUOTE ]

reasons:

1) My time isn't worth digging up trash on someone. Let John T Reed do that since he has nothing better to do.

2) I have read Robert Kiyosaki books and owe him my financial freedom. From reading his books, that is what he wanted for me, to achieve financial freedom. He suceeded, his material worked for me. May not work for everyone.

3) I will not comment on Robert Kiyosaki's source of wealth unless I am able to concretely see evidence. Wild claims by John T Reed supporters are biased to the core and deserve no recognition. I will only listen a neutral third party.

[ QUOTE ]

Tien, RK and the like are hardly doing their promotions for the good of society and a desire to "give back". That is laughable.
J

[/ QUOTE ]

And you think hoarding information to yourself so that no one can learn from you helps society in what way?

I belong to the camp that believes the following:

"Real world entrepreneurial / business education is worth what you paid for it"

Most of these Gurus know their stuff. I practice what they preach and made it work with my own bare hands. That is why I defend them so much. I actually think their courses are dirty cheap compared to the amount of knowledge they provide if one would actually take the TIME and EFFORT to follow their instructions PROPERLY.




It is so easy to fail in Real Estate yet it is so much easier to blame someone else for our failures. So when people go out and fail because they don't apply the instructions properly, they give up and blame the guru.




I fail all the time. That is how I learn. I fail more in 1 week than a high school dropout has failed in 5 years. However I never give up and the gurus help me fail LESS and LESS each time.


One disclaimer: I do not claim all gurus / teachers out there are quality. Some of them are bad and some of them are good. Buyer beware. Do your homework, do a lot of research on each teacher / guru, and you easily will pick the good ones.

Tien 03-17-2007 01:59 AM

Re: Robert Kiyosaki
 
One more point.

Anyone who actively promotes any amount of time in their life to bringing other people down and try and dig as much dirt as possible are truly emotionally poor people.

I only listen to people who enjoy supporting others and seeing the good and immediately ignore the ones that bring any kind of negativity whatsoever to my life or is an active promoter of negativity. John T Reed belongs in that immediately ignore column.

Read any of the book by the giants: Dale Carnegie, Stephan Covy, Napoleon Hill and you will understand my point about negativity and how negative people can ruin your success in life.

DesertCat 03-17-2007 12:41 PM

Re: Robert Kiyosaki
 
[ QUOTE ]

3) I will not comment on Robert Kiyosaki's source of wealth unless I am able to concretely see evidence. Wild claims by John T Reed supporters are biased to the core and deserve no recognition. I will only listen a neutral third party.


[/ QUOTE ]

Facts are unbiased. Reed provides many facts to support his viewpoint. Ignore Reed for the moment, you aren't offering anything to counter those facts.

[ QUOTE ]

One disclaimer: I do not claim all gurus / teachers out there are quality. Some of them are bad and some of them are good. Buyer beware. Do your homework, do a lot of research on each teacher / guru, and you easily will pick the good ones.

[/ QUOTE ]

Anyone who has read RDPD has the basis for believing Kiyosaki is a fraud. It really wouldn't matter if he made up most of the book, or never made much money in real estate, it's that the book is full of fuzzy, non specific, advice. When Kiyosaki does get specific, he tells you to do things like incorporate (build another layer of costs) so you can write off expensive jewelry and vacations (commit tax fraud).

If I'm going to learn from a guru, I want specific, useful, non fraudulant advice.

RDPD supporters never give specifics on how Kiyosaki helped them. Typically they say he "motivated" them. Well, "The Richest Man In Babylon" gives you specific wealth building advice and motivation, without any tax fraud.

I'd like to hear what specific advice you got from RDPD that helped you. Maybe I missed something good in my copy.

zimmer879 03-17-2007 01:13 PM

Re: Robert Kiyosaki
 
[ QUOTE ]

Anyone who actively promotes any amount of time in their life to bringing other people down and try and dig as much dirt as possible are truly emotionally poor people.

I only listen to people who enjoy supporting others and seeing the good and immediately ignore the ones that bring any kind of negativity whatsoever to my life or is an active promoter of negativity. John T Reed belongs in that immediately ignore column.

Read any of the book by the giants: Dale Carnegie, Stephan Covy, Napoleon Hill and you will understand my point about negativity and how negative people can ruin your success in life.

[/ QUOTE ]

So you immediately igonore the critics of snake oil salesmen because they're being negative?

BradleyT 03-17-2007 03:45 PM

Re: Robert Kiyosaki
 
[ QUOTE ]
I'd like to hear what specific advice you got from RDPD that helped you. Maybe I missed something good in my copy.

[/ QUOTE ]

The major piece of advice for me was to get out of the rat race. I had never considered starting my own business until I read his book. I'm still in the self-employed quadrant but I'll get into the business owner quadrant within 1-2 years. Heck, being self-employed so far has been 10x better than working for any company and I can't wait until I get employees to do all the work for me. My business has nothing to do with real estate, I could care less that he didn't say, "Buy property X for $80,000 and rent it out for $500/month". He taught me to have assets that work for ME.

Overall I'm very glad I read it. It was motivational like nothing I'd ever read before. Maybe you knew all of the above but many many people don't.

Evan 03-17-2007 08:41 PM

Re: Robert Kiyosaki
 
[ QUOTE ]
The major piece of advice for me was to get out of the rat race.

[/ QUOTE ]
I'm guessing this is exactly the "fuzzy, non specific advice" that DesertCat was talking about.

sublime 03-17-2007 09:04 PM

Re: Robert Kiyosaki
 
i dont trust hawaiians

Tien 03-18-2007 12:50 AM

Re: Robert Kiyosaki
 
Robert Kiyosaki started it. And I'll tell you how.

I read Robert Kiyosaki's books and made up my mind that I was going to be financially free no matter how hard I had to work to get there.

I figured the best place to learn real estate like I learned poker was to hit the forums. I went to his richdad forums and found his real estate section. The forum had awesome bonafide practitioners giving gold mine after goldmine of advice. I followed them and went on a buying spree of real estate Guru courses off ebay.


I could care less about whatever facts he presented his history with. The principles he taught me in his books are the principles I will carry on forever.

In one of his books, he talked about how he laughed inside when he looked at a new entrepreneur's horrendous business plan. I take that lesson to heart and continuously change and plan out my business. I make 1 year plans, 3 year plans, 5 year plans, 10 year plans.

Another huge lesson I learned was a lesson about failing. Robert Kiyosaki makes fun of himself in his books about all his failures. Companies he built sky high and ran into the ground. But he said those failures taught him the most important lessons of his life and that I should not be afraid of failing.

I take that lesson to heart and came to the realization that a successful entrepreneur is in a continuous state of failing. I am not afraid to fail.


Basically, Robert Kiyosaki changed my entire perception about money. I don't work hard for money, money works hard for me. I thank him from delivering my life from the grinding J-O-B routine.

Evan 03-18-2007 01:01 AM

Re: Robert Kiyosaki
 
[ QUOTE ]
In one of his books, he talked about how he laughed inside when he looked at a new entrepreneur's horrendous business plan. I take that lesson to heart and continuously change and plan out my business.

[/ QUOTE ]
What lesson is this, don't have horrendous business plans?

Tien 03-18-2007 01:03 AM

Re: Robert Kiyosaki
 
Yes.

How many businesses out there don't have any business plan whatsoever?

I mean written well thought out "business" plans? What is the statistic for failing businesses again?

For a lesson that seems so simple and easy, it boggles my mind why so many people ignore it.

Tien 03-18-2007 01:06 AM

Re: Robert Kiyosaki
 
[ QUOTE ]

So you immediately igonore the critics of snake oil salesmen because they're being negative?

[/ QUOTE ]

I ignore critics all together.

Tien 03-18-2007 01:15 AM

Re: Robert Kiyosaki
 
[ QUOTE ]

What lesson is this, don't have horrendous business plans?

[/ QUOTE ]

He goes into detail towards what kind of a business plan WON'T work and what kinds of business plans DO work.

Read the book.

I am brutally honest with my business plans. I don't fudge the numbers to make it look pretty because I know I am only cheating myself. My business plan is the most important thing about my business. The plan is essentially my map that I use to navigate around my entrepreneurial life. Another lesson by Robert Kiyosaki.

I have like dozens and dozens ingrained in my conscious as well as subconscious.

It is a losing battle to critique all the lessons and trivialize them.

zimmer879 03-18-2007 02:38 PM

Re: Robert Kiyosaki
 
Tien,

You seem like a nice guy, and if Kiyosaki has helped you, more power to you and congratulations on any succes you've had. But your refusal to acknowledge any criticisms of Kiyosaki (because they're negative?!) and your frequent use of Kiyosaki-speak ,ie "I thank him from delivering my life from the grinding J-O-B routine" is really creepy.

Tien 03-18-2007 06:24 PM

Re: Robert Kiyosaki
 
Things I don't agree with Robert Kiyosaki myself:

1) He wrote in his books that "flipping" is something he doesnt believe in.
I disagree with that and flip houses myself.

2) He claims he has a a "rich dad". I don't believe he is able to remember every single conversation with his rich dad like he likes to do in his books.

3) He makes many claims about his real estate success. I have doubts about that but then again, I think it is more like an overexageration rather than an outright lie.


HOWEVER. Those doubts do not stop me from appreciating the PRINCIPLES he teaches in his books.

And those doubts should not stop the anti-Kiyosaki group from appreciating such principles themselves. The principles he teaches about money are sound principles that 95% of people are continuously violating. And those principles were principles that I myself have violated for a very long time until I read RDPD.

EX: Whenever revenue comes in, instead of thinking about ways to spend it like 95% of Americans, I will think of ways to reinvest it.



John T Reed makes me sick to my stomache with his website. That critic is a critic I refuse to listen to. His critique against RK is more malicious and emotionally based than anything.

There is a difference between destructive criticism and constructive criticism. People who only offer destructive crticism are what I call emotionally poor people who don't deserve an audience whatsoever. John T Reed with that website of his offers nothing but malicious destructive criticism.

Someone that goes out of his way to spew filth and defame another person's name is someone I will ignore 100% of the time regardless of what they have to say.

And I know you will respond and say you won't listen to anyone that lies in his books and I totally understand that. We all have our values and we all have our decisions towards who we will listen to and who we will ignore.

w_gibbs 03-19-2007 12:15 AM

Re: Robert Kiyosaki
 
Guess I'll throw in my $0.02. The thing that scared me away from RK's teachings was the apparent lack of success prior to his getting involved with the MLM circuit. He has also backpeddled on whether Rich Dad really was a person. I call that dishonesty. Why would I take advice from someone who has already proven he has a propensity for misleading people?

In addition, the 20/20 segment where RK advised people on how to make money was eye opening. One of his themes is that making money is so easy, it's practically an afterthought. Yet, when given a real opportunity to show people how to, he only offered vague advice which didn't result in much success for the students.

jaydub 03-19-2007 09:35 AM

Re: Robert Kiyosaki
 
Tien,

I recommend that your undertitle be changed to MLM 4 Life or something equally appropriate. To say you drank the Kool Aid is an understatement, you dried that [censored] up and straight snorted it. Good god man.

J

Tien 03-19-2007 10:27 AM

Re: Robert Kiyosaki
 
[ QUOTE ]
Tien,

I recommend that your undertitle be changed to MLM 4 Life or something equally appropriate. To say you drank the Kool Aid is an understatement, you dried that [censored] up and straight snorted it. Good god man.

J

[/ QUOTE ]

Typical John T Reed type of response when unable to construct any type of constructive argumentation whatsoever and after being thoroughly proven wrong in the entire thread.

I love the types that will resort to personally insulting the individual in an argumentation. Shows how much they lack character.

mattnxtc 03-19-2007 01:02 PM

Re: Robert Kiyosaki
 
yall do realize that as far as i know he doesnt have much real estate education? His undergrade was in maritime stuff

Tien 03-19-2007 02:11 PM

Re: Robert Kiyosaki
 
Micheal Dell's undergrad was in health sciences. In fact he dropped out.

Doesn't stop him from starting one of the biggest computer companies in the world.

University is not a prerequisite to becoming filthy rich and wealthy.

Sniper 03-19-2007 02:25 PM

Re: Robert Kiyosaki
 
[ QUOTE ]
Tien,

I recommend that your undertitle be changed to MLM 4 Life or something equally appropriate. To say you drank the Kool Aid is an understatement, you dried that [censored] up and straight snorted it. Good god man.

J

[/ QUOTE ]

jaydub, if it worked for Tien, what is wrong with that?... he is not the only one here who has benefited from reading RK's books. There are plenty of people that could be much more successful than they are, by just being motivated to pay attention.

jay, I am left to wonder what you do?... aside from what's listed in your location...

jaydub 03-19-2007 03:29 PM

Re: Robert Kiyosaki
 
[ QUOTE ]
[ QUOTE ]
Tien,

I recommend that your undertitle be changed to MLM 4 Life or something equally appropriate. To say you drank the Kool Aid is an understatement, you dried that [censored] up and straight snorted it. Good god man.

J

[/ QUOTE ]

jaydub, if it worked for Tien, what is wrong with that?... he is not the only one here who has benefited from reading RK's books. There are plenty of people that could be much more successful than they are, by just being motivated to pay attention.

jay, I am left to wonder what you do?... aside from what's listed in your location...

[/ QUOTE ]

Sniper,

I elaborated on my job in the relevant el d thread.

My non response to Tien's 18 replies was because it became clear that there was no reasoning with him. All he posted was illogical, guru drivel (I meant that undertitle suggestion half seriously).

Your response is slightly better but is ignoring my original point. I could care less about whether or not the books help you or any other person; that is not my point. RK in specific and other "gurus" in general, are very deceitful with regard to their wealth and the source of that wealth.

J

Tien 03-19-2007 04:09 PM

Re: Robert Kiyosaki
 
To set the record straight, I agree and disagree with you jaydub about some things you said. I have doubts myself about RK source of wealth. Here is where we agree.

I disagreed when you said RK and those Gurus are better off keeping quiet about their teachings.

Sniper 03-19-2007 04:29 PM

Re: Robert Kiyosaki
 
jaydub,

So do we agree, on the following 2 things?

1. The RDPD "story" is a work of fiction
2. Some people have benefited from reading the RDPD "story"

... and assuming we agree...

then why when someone is talking about #2, is it necessary for you to focus on #1?

Tien 03-19-2007 04:39 PM

Re: Robert Kiyosaki
 
Sniper

I understand his position. It is difficult to talk about the benefits of the RDPD story if the author himself is tainted with doubts and "lies". And you can't blame them for thinking that way.

Both of us were arguing about the merits of RK's books and they are arguing about the the source of his wealth.

Two different groups arguing about two different things and this thread got derailed.

Tien 03-19-2007 04:44 PM

Re: Robert Kiyosaki
 
I would also like to apologize to jaydub / all those that posted in this thread for posting way too much as well as for arguing about totally different things.

I just get a bit edgy when a Robert Kiyosaki thread is opened and the only thing someone reading this thread can see are the negative things about him. I take responsibility for this thread getting out of hand.

jaydub 03-19-2007 04:50 PM

Re: Robert Kiyosaki
 
[ QUOTE ]
jaydub,

So do we agree, on the following 2 things?

1. The RDPD "story" is a work of fiction
2. Some people have benefited from reading the RDPD "story"

... and assuming we agree...

then why when someone is talking about #2, is it necessary for you to focus on #1?

[/ QUOTE ]

My original post was an attempt to explain the gap between the love and hate RK camps. People hate being lied to, this is especially true in the context of financial matters.

Yes I agree that some people have benefited from his materials, would you agree that some people have not? Surely that must be included as #3. From there we can quickly get to why he inspires so much hate and why he inspires so much love.

There are several relevant groups of people with regard to RK:

1. People who have benefited from his materials.
2. People who have not and feel conned.
3. People who see the tactics he uses and disapprove.

These are not exhaustive but are in my mind the most relevant segments. I doubt these three segments will ever come to agreement on the man.

J

w_gibbs 03-19-2007 04:56 PM

Re: Robert Kiyosaki
 
[ QUOTE ]
People hate being lied to, this is especially true in the context of financial matters.

[/ QUOTE ]

qft

Snafu'd 03-19-2007 05:23 PM

Re: Robert Kiyosaki
 
So what authors are considered extrememly knowledgable and realiable when it comes to real estate investments? I've seen Reed's name mentioned in this thread extensively but it seems to be in regards to his dislike of other authors.

Tien 03-19-2007 06:37 PM

Re: Robert Kiyosaki
 
It really depends on what your goals are exactly about real estate.

There are two different real estate groups:

Cash is king vs Passive income

1) The cash is king group focuses mainly on "flipping houses" for short term cash. Buying distressed properties creatively at way below market value and reselling it at market value. This method allows you to generate huge amounts of cash. The trick is buying the right properties.

2) The passive income group focuses on buying properties and holding on to them. This method will allow you to build an empire of wealth which will essentially be your ticket to retirement.

There are different authors for each group. Books however, only scratch the surface. It is like David Sklansky with poker. He doesn't teach you the nitty gritty details of poker. If you really want the people who will teach you the nitty gritty details of each group, you need to hit up the gurus and seminars. This is the danger because most new people don't know which ones to go to any many of them are blackhole for your wallet without giving you much substance in return. However some Gurus out there are true bonafide practitioners that will grind every single detail step by step for you. If you are interested I can tell you which gurus are really good.

A good book to get started however is:

The Millionaire Real Estate Investor by Gary Keller.

Jeff W 05-01-2007 10:55 AM

Re: Robert Kiyosaki
 
I read this in a Kiyosaki article that was linked on another board I follow:

[ QUOTE ]
Among other reasons, they all involve putting money into an investment vehicle [mutual funds] over which investors have little control. And since most people end up choosing mutual funds as their primary investment within these plans, playing the lottery would be a better way to go.

[/ QUOTE ]

[ QUOTE ]
But isn't there a better chance of making money in a mutual fund than there is in the lottery? Hardly.

[/ QUOTE ]

Unbelievable. Anyone who spews [censored] like that can hardly be relied on for investment advice.

Link

eastbay 05-01-2007 11:55 AM

Re: Robert Kiyosaki
 
[ QUOTE ]
jaydub,

So do we agree, on the following 2 things?

1. The RDPD "story" is a work of fiction
2. Some people have benefited from reading the RDPD "story"

... and assuming we agree...

then why when someone is talking about #2, is it necessary for you to focus on #1?

[/ QUOTE ]

FWIW, from the first five minutes of reading RDPD, I thought it was pretty clear that the "Rich Dad/Poor Dad" thing was just a storytelling device.

So while I also don't think much of the book, I have to chuckle when people act as if there's been this big deception by Kiosaki about "Rich Dad."

I also heard that the "Ten Minute Manager" was not a real person, and that there weren't actually two little actual mice who had their Cheese Moved. I demand an explanation for this outrageous deception!

Maybe John T Reed can get on the investigative journalism trail of Sniff and Scurry next.

eastbay

PanchoVilla 05-01-2007 02:09 PM

Re: Robert Kiyosaki
 

To me the difference between a John T Reed and and RK is night and day. RK is primarily motivational type writing. Reed is details, facts, and examples. Specific ones. I said before I did read RDPD and it made me change my point of view. Reed's books are excellent for the how part. He gives detailed techniques for ways to make money in real estate. Then he gives specific examples with names and dates of deals that he personally has done, or that have been submitted by his newsletter readers.

Yes Reed is not a fan of the huge number of RE "experts" out there. It doesn't change the examples of bad advice he points out.

So my personal point of view is that RK is great to read when you are starting out. If you want to put together a specific set of the how part, then if its RE related, then Reed's books are excellent. Maybe its because I am an engineer and the fact/examples based approach works better for me. Probably another factor is how much I have read about the horrors that are MLM. Anything even remotely conected to that is going to start off being viewed very poorly by me personally. Read both sides of the argument and decide for yourself. If you do the wrong thing you will be the one paying the price, so you may as well make the actual decision too. [img]/images/graemlins/smile.gif[/img]


Pancho

esevans 05-05-2007 10:05 PM

Re: Robert Kiyosaki
 
[ QUOTE ]
I read this in a Kiyosaki article that was linked on another board I follow:

[ QUOTE ]
Among other reasons, they all involve putting money into an investment vehicle [mutual funds] over which investors have little control. And since most people end up choosing mutual funds as their primary investment within these plans, playing the lottery would be a better way to go.

[/ QUOTE ]

[ QUOTE ]
But isn't there a better chance of making money in a mutual fund than there is in the lottery? Hardly.

[/ QUOTE ]

Unbelievable. Anyone who spews [censored] like that can hardly be relied on for investment advice.

Link

[/ QUOTE ]

Thanks, Jeff W. Kiyosaki is an idiot pure and simple. Actually, now that I think about it, he is a genius. How else can you put out crap like that and make $$$ selling books, etc.

wdcbooks 05-05-2007 11:44 PM

Re: Robert Kiyosaki
 
That article that was linked is among the single dumbest pieces of finance writing I have ever seen. It is slippery, odious and grossly disingenuous. I really had no opinion about Kiyosaki aside from the basic contempt I have for writers of cheesy self-help books, before I read that article. After reading it I can't imagine there is anyone who takes him seriously.

RikaKazak 05-06-2007 03:17 AM

Re: Robert Kiyosaki
 
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RDPD is one of the most important books I have ever read.

If you already know what he's teaching, I can see how he can be annoying...but if you don't know it, it can be valuable advice.

[/ QUOTE ]


I missed this thread...but I agree with this.


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