Robert Kiyosaki

[kyleb]

[ QUOTE ]
cool dude, the point is...if i had read your summary i wouldn't have made any changes, it wouldn't have made sense/sunk in etc. he vividly illustrates what all of those mean w/ stories, definitions, examples and motivational rhetoric that can be highly effective.

is TOP worthless because it can be summed up as:

-Use math in making poker decisions
-Read your opponents
-Don't play like a donkey

[/ QUOTE ]

No, because there is math in the book.

Is there any math in Kiyosaki's book? Any formulas, maybe descriptions of PE ratios or something?

Oh, right. No.

[junglewarfare]

I watched one of his PBS specials to find out what his deal was. He talked for an hour without actually saying anything on specific investment or retirement strategies. To cover up the fact that he wasn't going to say anything of substance he did drop a lot of vague financial cliches that were not incorrect but were so basic that you could read them anywhere. Then it went to commercial/fundraising and Kiyosaki plugged his "ultamite wealth toolbox" for $400. Then he plugged a series of lectures he was giving with Donald Trump, which you had to fork $600 over for. Then it all made sense....

I looked at the john t reed analysis of his stuff and it is a pretty detailed pwning of him. I don't see how anyone could read that and still take him seriously.

For those of you who swear by his stuff, what did you learn from it? And don't give some vague answer like "He taught me that I need to max out my Passive Income, avoid Expenses so I could have Financial Freedom!!!"

[Your Mom]

[ QUOTE ]
I watched one of his PBS specials to find out what his deal was. He talked for an hour without actually saying anything on specific investment or retirement strategies. To cover up the fact that he wasn't going to say anything of substance he did drop a lot of vague financial cliches that were not incorrect but were so basic that you could read them anywhere. Then it went to commercial/fundraising and Kiyosaki plugged his "ultamite wealth toolbox" for $400. Then he plugged a series of lectures he was giving with Donald Trump, which you had to fork $600 over for. Then it all made sense....

I looked at the john t reed analysis of his stuff and it is a pretty detailed pwning of him. I don't see how anyone could read that and still take him seriously.

For those of you who swear by his stuff, what did you learn from it? And don't give some vague answer like "He taught me that I need to max out my Passive Income, avoid Expenses so I could have Financial Freedom!!!"

[/ QUOTE ]

Right, we just keeps telling you what to do but never tells you how to do it. Worthless.

[punkass]

http://finance.yahoo.com/columnist/a...ichricher/6720

I can't stand this guy either.
Ray Lucia is my guy.

[kyleb]

I will say this: If you need a self-help book to pick you up from down in the dumps because you can't really understand actual investment advice, Kiyosaki is your man, I guess.

But then again, so is any other fluff piece written that is aimed to make you "feel good." You could read something written by Tony Robbins and have the same effect.

[The Yugoslavian]

IMO RDPD is more of a motivational book with a few very powerful financial ideas than a financial book that thoroughly covers any financial ideas.

The book is mainly about the story of the rich dad and poor dad and how their advice can affect their son's approach to financial life. It's about creating a gestalt change in an individual who can only view the world through "work hard, buy all the stuff you *deserve*, repeat. People decide to let themselves feel trapped in jobs they hate and such b/c they aren't even aware of a different path they may take. RDPD allows people to internalize a different method of financial living....not read about it but actually internalize it (altho for most ppl I'd guess for a somewhat short period of time).

However, I do agree that Kiyosaki's other stuff seems to be v v poor b/c this material doesn't go much further or when it sorta does it lacks the how-to/details/math. It's all more stories about how Kiyosaki is a lucksack or whatever despite being a bit of a moron and needing 2354321414 other people to tell him what to do all the time.

Oh, this is also why I think the book sells so well...it's a motivational story that connects with people at an emotional level and there isn't much detail oriented thinking work to be done. This is what allows the average Joe (myself included of course) to change his financial path outlook.

This is the value of his board game.....it doesn't tell you how to do the things necessary to get out of the rat race, but it does show you how important and powerful it can be if one *can* get out of the rat race.

Yugoslav

[maxtower]

I think the book is garbage. After you have read 100 of these financial books you'll realize most are trivial and just different versions of the same crap.
I am sure some people like Degen realize value after having read the book, because of the motivational aspects of the message. I realized the same thing from those late night TV commercials on making bazillions through real estate. Most people who have the aptitude will make these realizations (saving, investing, income from investments) at some point in their lives. If this book was that pivotal moment for an individual then reading it was certainly a valuable experience for them and worth the $19.95. This does not however make it a good book. In my opinion the same person would have stumbled across some other source for the motivation anyway. They had to be looking or otherwise would not have even read it.
I would imagine the vast majority of people who read this book will say "Yeah thats what I should do." and never do anything.
The book is what it is. I would recommend to friends many other books first. Kiyosaki is a liar and a scammer who takes money from people making promises that will never materialize. Broke people like to hear Horatio Alger type stories and believe that they will one day break out of the cycle. There is a market for that and this book along with Kiyosaki's other offerings caters to that.
Actually breaking out of the rat race takes a lot more hard work, dedication, and intelligence.

[lala]

[ QUOTE ]
Its painfully obvious that none/most of you have even bothered to read the [censored] book.

I think reading a book should be a pre-requisite to criticizing its contents.

[/ QUOTE ]

I know that you like this book a lot, but others have read it and don't like it. And there's nothing wrong with that.