John T. Reed’s analysis of Robert T. Kiyosaki’s book Rich Dad, Poor Dad is fascinating. I read Rich Dad, Poor Dad a few years ago, and believed it, because I had no reason to believe otherwise. My wife read it too. We thought for a while about trying to follow his advice in the long term but didn’t really end up doing anything about it, and eventually I concluded that, well, it’s all well and good that that’s how rich people get rich, but it’s really not me, I’ll just be as rich or poor as I happen to be and not stress about it.
It turns out, at least if John Reed is to be believed, that there’s no particular evidence that the author, Robert Kiyosaki, ever got rich in any other way than pitching financial success schemes in seminars and books, and a lot of the things he claims to have done to get rich, and recommends to his readers, are either wildly implausible or outright illegal.
I have no way of judging who is right on this issue but Reed sure sounds credible to me. It is also reassuring for me to hear this, because Kiyosaki’s approach to getting rich seemed, when you thought about it clearly, pretty Macchiavellian and sleazy. It’s reasurring to me to know that that is not really what you have to be like to get rich, and it is helpful to me, being rather left-leaning, and therefore tending to think the worse of people who are well off, to find out that Kiyosaki’s highly cynical guide to getting rich is not the way actual rich people think. It makes me think better of rich people to know that.
Always good to have your prejudices challenged.