Rich Dad, Poor Dad....

[poltr1]

Have any of you read this book by Robert Kiyosaki or attended any of the seminars hosted by his organization? There are some free seminars coming up in the Cleveland/Akron area at the end of the month and am wondering if it's worth my time to attend. From the surface, it looks like yet another way to get wealthy through real estate. But if I don't have the starting capital to begin with, how do I invest?

Comments

[bikergeek.livejournal.com]

he has several detractors. for starters, you can read this part of his wikipedia entry.

Googling "Kiyosaki real estate" comes up with this page of criticism from someone who appears to not like Kiyosaki very much.

In general, I don't put much stock in financial "gurus" who have get-rich (-quick optional) schemes. If you had some way to make millions, would *you* go around telling people about it? Hell no. You'd STFU and keep cashing the checks.

Kiyosaki's scheme for getting rich is to sell books and seminars. :-P

ETA: also, ain't nobody getting rich in real estate these days.

[egoldberg.livejournal.com]

I think you mean: it's another way for Kiyosaki to get wealthy off of you. ;-)

[stevieannie.livejournal.com]

I didn't torrent the book and read it. OOoooh no. I wouldn't do such a thing.

Errr...

I was underwhelmed. It all boils down to "spend your time making money" and "money is more important than education". Which is a bit ... contrary to my way of thinking. Education should be about much more than one's money-making ability.

I'd recommend torrenting it and reading first before attending any seminars, as I tend to think that the previous posters' idea of how Kiyosaki makes his money is spot on...

[mrs-keradon.livejournal.com]

One thing in his comercials has me think that his suggestions of how to turn a dollar into two dollars requires a few thousand or million in the first place rather than what most people will start with. Suggesting that mutual funds are not the way to go in investing is really a bunch of bull unless you have a few hundred thousand to invest and diversify without using a mutual fund to aid in the diversity. To invest in any old mutual fund with out research is stupid. Not diversifying is stupid. Any one who wishes to tell/sell you otherwise is likely running a fraud.