Is the book Rich Dad Poor Dad full of Crap?
Personally, I loved the book. At first glance on the first few chapters I could say this is one good book to read. I still haven’t finished the book yet though but I hope to finish it before the year ends.
THIS BOOK SUCKS
While checking for book reviews on Robert Kiyosaki’s Rich Dad Poor Dad, I stumbled about this site that strongly trashed Mr. Kiyosaki’s book as full of lies and should not be treated as a reliable source of information on how to get rich. The page by John T. Reed mentions that the Rich Dad never existed at all and the story of a story was fictionalized. Now why would a best selling author want to do that on a non-fiction finance related book? This was confirmed when Kiyosaki said “Although based on a true story, certain events in this book have been fictionalized for educational content and impact”. That itself made me think that the whole story never happened at all but just used to make the book interesting to read.
Here is an interesting excerpt from the site I want to share with you guys. This is how the book has hurt people in many ways
This man is doing damage. I got an email from a surgeon. Her 17-year-old son read Rich Dad Poor Dad and now does not want to study or go to college. He just wants to get rich and believes Kiyosaki’s pitch that education is a waste of time. He now puts down and criticizes his mom for not being richer. I never knew a surgeon who was fighting the pigeons for something to eat. And this particular surgeon says she finds her profession extremely rewarding in non-monetary ways as well.
There are still so much more inconsistencies and errors on the book exposed by Mr. Reed on his page that you have to spend several minutes to read the entire article. There is also another site that says Rich Dad Poor Dad is Nonsense.
BUT THE BOOK IS STILL WORTH READING
The first time I’ve seen Robert Kiyosaki was on a television show The Millionaire Inside in CNBC aired last week. Having written 18 books which combined have sold over 26 million copies, I could say is relatively popular in the business arena. Rich Dad Poor Dad was his first best selling book that quickly made him a trusted name in business.
After Mr. Reed’s article was published to the Internet, it quickly became very popular causing a divide of opinions on Mr. Kiyosaki’s book. Reed’s message was so strong and loud that Kiyosaki had to write his response to his most popular critic.
He cited that the book was really made simple so ordinary people can understand. No wonder its a best selling book it being a very easy to read book. I myself have been amazed on the number of points mentioned in the book that I never considered, like having an emergency fund and how to manage money effectively. As I said on the first part of this post, I loved the booked and I couldn’t help but agree with Mr Kiyosaki on several of his points mentioned on his defense against Reed’s analysis of the book.
Reading futher in Wikipedia, Rich Dad, Poor Dad is written in what is meant to be an entertaining anecdotal manner to make finances interesting. Meaning it is intended as a book for people who still have little understanding on how finances work and not intended for business students. As what Mr. Kiyosaki states “It was not meant to be a textbook for the Harvard Business School.”
Here is an excerpt to Mr. Kiyosaki’s response
Yet, my book “Rich Dad, Poor Dad” while technically accurate, was not meant to be a technical book. It is a simple book about an often complicated and technical subject. “Rich Dad, Poor Dad” was written primarily to offer hope to people who wanted to find their own path to financial freedom rather than to be a slave to money all their lives.
Read more about Mr. Kiyosaki’s response to Mr. Reed’s article on this page. It’s not as long as the Reed’s article so don’t worry.
READ THE BOOK IF YOU WANT TO
So that’s it. Rich Dad Poor Dad might be full of crap and a waste of time as mentioned by other people, but I already have the book with me. So why not read the rest of the book and see for myself if its really full of nonsense? Might as well finish it rather than be influenced by bad reviews.
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6 Responses to “ Is the book Rich Dad Poor Dad full of Crap? ”
Robert Kiyosaki does not say that education is a waste of time. He values education–but it has to be the right kind of education, and it has to be delivered in an effective way. His latest book, Why We Want You to Be Rich (with Donald Trump), clarifies his original Rich Dad message and is both motivating and frightening.
If you’re going to learn from Kiyosaki, learn from the entire package — a wealthy man who spends most of his time helping others better their lives. Does he have his critics? Sure. Is he perfect? No. Can everybody benefit from his message? YES!
You can’t take one anatomy course and be a doctor. You can’t read one book and become financially literate and wealthy.
hi!
i just want to say that it doesn’t matter if there are inconsistencies in kiyosaki’s book or if some stories are fictional… coz it worked!
alot of beginning real estate investors like me started by reading rdpd… even it’s counterpart here in the philippines – larry gamboa has successfully done it here. i started by reading the book… and attending larry’s seminar… now i have successfully done 2 properties and working on 3 more. i guess he’s having another seminar on nov 22, just search thinkrichpinoy on google for details. kudos to these guys!
waaaaaah!!!
we need to summarize all those 10 fucking chapters by tommorow and i still
havent read it… damn!!!
I got ripped off with the Kiyosaki training program. I paid over $4500 upfront on my credit card. I received two over the phone training sessions before an emergency arose with my family, and I could not continue the sessions, which I immediaely informed them about. When I contacted them many months later, I asked for a partial refund because, I certainly did not get anywhere close to $4500 worth of services.
They did indicate that they would give me more sessions, but at the time, I was in a desperate situation and was living through an enormous amount of problems, including losing my home, my business, and facing living on the streets. I told them, I could not do the lessons, that I was losing everything, and that I just needed a refund, something, anything, $1000…$500; please just give me something, so I could get a place to live. I begged them for some type of refund, I was desperate. I told them, that I did not receive the services and I deserved to have some of my $4500 plus back. Over $4500. come on, for two 1 hour phone calls. Give me a break. How can you justify keeping my money. They did!
If they had given me my money back, I probably would have turned around like a fool when I was able and gave it right back to them. But today, I am no longer a fool and I would not give them a dime. I think the man stinks. He doesn’t care about people, he only cares about money. He is full of crap, and I bet that most people who have given him money, have not made anything back.
When I signed up for the course… he talked about real estate, and was really negative on the subject of stocks. Well, guess what, real estate stunk for a minute, and he’s now selling the concept of stocks. Flow with the wind you pigeon, dropping your crap all over the place as you go.
He has his paid monkeys prancing around stage, but for the average person forking out the dough, I wonder what their actual return is.
If you are one of his flunkies, you will probably post and yell and scream at this, while most of his victims will likely not say anything. Rich Dad.. Poor Dad… Well Mr. Kiyosaki, I don’t care how damn many daddies you have, you should have been aborted.
sorry to tell you guys buy RICH DAD is right..if you failed-try again-be responsible with your life…some says he is a crook but i tell you this-your parents,friends,or someone in your life is the crook for not telling you the right things and right way…besides DONALD TRUMP partnered with this guy…main lesson here guys: IF YOUR NOT RICH LIKE TRUMP(BILLIONAIRE) -SHUT UP-LEARN THEIR TEACHINGS FIRST THEN DO IT YOUR WAY…
The more money you pay for the “thing”, the more time taken to understand Rich Dad Poor Dad, it would definitely look like a scam to everybody, because you are not able to catch what the meaning of all this.
Do we all make RDPD concept to be an instant rich concept? Where do we invest our time and money then? Actually the answer is depend on us.
Looking back at Robert Kiyosaki background, you would be able to know what to invest, Real Estate? Writing Books? However, I want to let you all know, if you are not familiar in the field, you would really hard to get it started. The real answer is still in your hand that is “Invest” something that you comfortable of, and make the “MONEY” work for you. This is the concept. Not necessarily into the Real Estate if you are not familiar with the term, transactions, the history of it.
In terms of the definition between the Assets and liabilities, his definition might seems confusing. But if you read some more materials, he wants us to make the “MONEY” work for us. Let see an example;
I found this from website saying:
“I am an engineer working in wireless technology. I buy the latest cell phones and PDAs when they become available. I buy a faster computer every year. Liabilities? No. Without using cutting edge technology on a regular basis, I would not have the successful career that I have. No toys, no knowledge, no promotion, no job, no income.”
Actually the meaning should be like this, making people pay for your upgrades, such as company that is willing to pay you all the expenses for learning new technologies. Getting a company sponsor your knowledge and appreciate your skills.
If you want to be successful to pay every single cents on your own, it is just like buying your house from your every single hard earning money.
Your asset = Hard earn money.
Robert Kiyosaki’s Asset = People pay for it continuously and more. That’s why you feel it is like a scam, because this Asset belongs to Robert Kiyosaki, not you. Robert Kiyosaki has proven this concept so far.
In summary, if you work for “MONEY”, you are actually BUYING.
If “MONEY” work for you, you are actually INVESTING, meaning you put a very little money inside, the rest of the time, the money is paying by itself, and pouring in while you asleep and doing nothing.
Check my site on RDPD comment.
http://www.bizworldabout.com
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