Is the book Rich Dad Poor Dad full of Crap?
Posted under Microhierax Blog | Share this on YMDigg this Post | Sphinn this Post | Add to Delicious | Add to Technorati | Add to Propeller
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.
Check my other posts:
- Quezon’s Code of Citizenship and Ethics
- World Pyro Olympics
- 5S - Seiri, Seiton, Seiso, Seiketsu, Shitsuke
- My ABS-CBN Wowowee Audition
- A La Juventud Filipina / To The Filipino Youth by Jose Rizal
- Watching Cable TV on my PC / Laptop / Desktop
- Smallville Season 6
- PayPal for the Philippines now available
- I support Mayor Jejomar Binay
- Code of Conduct and Ethical Standards for Public Officials and Employees
Jackie Says:
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.
april Says:
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!