Kiyosaki – Sinner or Saint

Hi benson,

I to was disappointed when i read that article but i still haven’t heard Kiyoski’s response( if he has one).

I still find his teachings on financal matters to be excellent. I remember seeing him on lateline a few days before the tech stock busting, his advice to get out straight away saved me $1000’s. And it was rich dad poor dad which i read after i had bought my first 10 houses that encouraged me that i was doing the right thing and to keep doing it.
Would you buy another one of his books now?
regards Westan

It doesnt matter whether it fact or fallacy, the immportant thing is that it inspires you to change your way of thinking, to open up to a world of prosperity and abundance, rather than a world of limitations.

If the books change your mindset in this way, would it matter whether its fact or fiction, I think not.

Keep things in perspective people..

Yeh Chris, I was only looking at John T. Reed’s website last night.

On the one hand of course the reason for him getting stuck into real estate gurus is to push and promote his own goods (books, newsletters, seminars) but on the other hand there is no doubt a lot of truth in what he says.

One danger however is the fact that his disparaging articles could have the effect of making us start to doubt the possibility that one CAN make money in real estate deals.

I have only been on the wrapping scene for about a month and could easily have become discouraged enough by Reed’s writings so as to ‘give up’ any thoughts of ‘making it’ in real estate.

Fortunately I have been around real estate long enough (many years) to know better i.e. that one can indeed pick up bargains (as long as we put in the work required to find them) so we all are NOT necessarily on a pie in the sky trip.

All one can do when wanting to acquire knowledge is to be very discerning where and how to spend one’s money.

Steve McKnight’s latest book (which costs less than $ 30-00) for example is excellent value.

So John T. Reed’s advice to first spend one’s money on the cheaper material before even thinking of attending expensive seminars is good advice.

Pisces133

Hi chris

i don’t think Kiyosaki says eduction is a waste of time, infact he encourages education (and it appears this is where he makes all his money).
I work in a school (not as a teacher) and it amazes me how teachers complete focus is on education, get a good education and get a Job. This is the way teachers have done it and think it is the only way. Kiyosaki’s greatest cotribution is that there are many other ways. he has affected my thinking so much that i asked my 10 years old this morning would he rather work for someone or be an investor? I still expect and want all my kids to go to Uni. but life is bigger than working for someone else all your life.
My big goal with investing is the set up my kids for the future, have enough passive income they can do whatever they want with their life rather than work because they have to survive. I would love my kids to be involved in something that helps others, but its their life.
regards westan

The thing which is so interesting is why this dude has to spend so much time and energy running RK down.
He’s probably jealous of his success and is living in fear/lack rather than abundance – he feels RK is ‘stealing his customers’.

A lot of those criticisms are just silly – RK isn’t saying education is bad, but he criticises the trend of people wanting their kids to ‘go to school to learn a profession or trade so you can get a nice safe and secure job with good benefits’ – as something that worked in the 50’s when his Dad was young but is not working for people now.

If Rich Dad was a real person RK obviously wanted to protect his rich dad’s privacy by not naming him. Even if RD was made perhaps a combination of two or more people, who cares?
The lesson works -which is that the middle class educated highly paid person who spends all they earn and more is tied to their job by masses of consumer debt, your own home is not an asset (except to the bank!) but a liability – and an investment is an income-producing asset that puts money in your pocket. When your income from your assets exceeds your liabilities and expenses, you are financially free! So simple!

i wonder how many people who are dissing RK are now wealthy themselves? Probably few – if you have that much energy to find fault with others all the time, then you are probably way too busy to get your own stuff happening!

I wonder how many people in the world are saying ‘i took control of my finances and changed my life and became an investor’ because of RK? Zillions – and that’s just counting people I’ve heard say it!! If you speak the truth, the truth has wings – and RK’s book is selling by the truckload because people who have read it are evangelising it to others – because it works. RK works on the mind-set which has to change first, before the specifics.

It’s only 30 bucks to buy Rich Dad Poor Dad, not that much of a downside if you hate it (sell it!) and I think it’s one of the most definitive ‘first step’ books that there are about moving away from what I call ’employee consciousness’ to ‘entrepreneur or investor’ consciousness – to do as the rich do and make your money work for you. He doesn’t tell you specifically how – apart from saying the three ways are stocks and bonds, building businesses, and real estate, but he does stress the importance of eliminating consumer debt, spending less than you earn, and investing a portion of what you earn every week.
Not unlike the John Burley message.

RK’s book led me to approach my self-employed status as a business rather than a JOB – to try to learn stocks and shares for a year before realising it was not for me – and finally to investigate property investing which is where I’ve ended up- happy and loving it.

RK is a happy chap, if you see him live, you’ll notice this – he loves his life-, he smiles, and what i thought was particularly cool as a chick was that he got his wife up to talk about ‘Kim’s first deal’. Kim is a gorgeous blonde well-groomed news-reader type and she said ‘being married to RK, the last thing I needed to do is start investing – I had Robert for that. But he encouraged me to do it in my own right, even though it was totally foreign to me, outside my comfort zone, and none of my family had ever taught me anything about it.’
So Kim’s first deal was a 45K apartment (now she has blocks of ’em!) and she said it was the scariest thing she ever did.
I really like how even though she was Mrs RK and happened to be married to a brilliant mentor it was just as scary for her as it was for me.

I’m so thankful for this forum where I can indulge my current obsessive/compulsive urge to chat about property investing, wealth creation and the like – my BF is happy it exists too because now I don’t have to bug him and try to talk about something he is probably only interested in because he loves me and sees it makes me happy- but doesn’t necessarily want to think about and talk about as much as I do!!!
cheers-
Mini

who will always champion RK because , hey, it worked for me….ditto Dolf de Roos…’Real Estate Riches’ is a great book – particularly for the rank beginner who knew absolutely nothing, as I was. I also bought his 10 CD set as the cheaper alternative to attending his seminar and I have got a LOT out of it, as I have from Steve’s ‘Property Secrets Revealed’ CD set.
HIGHLY recommended.

http://www.vocalbureau.com

i agree with benson completely.

surely the best lessons are based on more than a fable about a rich old man.

if thousands of people are basing their investment empire mostly on a story that was fictional than that is a worry.

i guess the key is to treat all advise with a degree of sceptisism. ive read his books and found them very insightful and motivating – but thats it – nothing more and nothing less.

and to be frank i dont care how happy rk ‘looks’ or how ‘attractive’ his wife is.

alan bond looked pretty happy with life when he won the americas cup.

3 cents

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People,

If your really want to know who the Millionaire’s are, and how they become millionaire’s, read “The Millionaire Next Door” by Thomas J. Stanley, Ph.D. and William D. Danko, Ph.D.

– Chris

Hi all,

Whether RK is a saint or sinner…what he has said cannot be refuted totally.

If John Treed has something great to say, write a book!