Comments on: John T. Reed’s analysis of Robert T. Kiyosaki’s book Rich Dad, Poor Dad

By: Jerald

Jerald — Sun, 31 Jul 2005 06:07:44 +0000

On this topic, if you want to hear Robert’s side of the story, you should read this article:
http://www.mastermindforum.com/kiyosakiresponsetoreed.htm

John is always good to get to the brass tacks but sometimes I think he misses the boat.

By: Ed That Goes Ping

Ed That Goes Ping — Mon, 25 Jul 2005 13:41:29 +0000

Oh, yeah, Topher, that is a totally cool way of making money — but it’s not at all what Kiyosaki is about. :)

By: Topher

Topher — Mon, 25 Jul 2005 11:47:58 +0000

“rather left leaning”? Dude, I fgured your left arm must be asleep from laying on it. ;)

Jim, I agree the waiting on the house sellers is evil. On the other hand, I think it would be a really FUN way to make money to buy older houses cheap, fix them up, and sell them. Just don’t stick it to people on the way through.

By: Ed That Goes Ping

Ed That Goes Ping — Sun, 24 Jul 2005 20:41:58 +0000

Wow, I hadn’t seen “Rich Dad’s Prophecy.” I can see that flipping one’s opinions.

By: Jim Zoetewey

Jim Zoetewey — Sun, 24 Jul 2005 19:17:46 +0000

Kristen and I bought the book a few years ago too. The first time I looked at it, I decided it was a self-help book that was probably garbage. Later I decided that there were some interesting things in it. After running across “Rich Dad’s Prophecy” in a bookstore, I flipped my opinions again. “Rich Dad’s Prophecy” revealed that “Rich Dad” thought that some sort of economic collapse was inevitable.

My opinion after that was that it was an unecessarily alarmist self-help book that was probably garbage. Soon after that, I read that “Rich Dad” probably never existed. My opinions of the books have stayed fixed on “probably garbage” ever since.

I found some of his suggestions for making money rather loathsome. The one that sticks in my mind is waiting at places where people who are desperate to sell their houses are likely to come, buying said houses exceptionally cheaply, and reselling them.

Amusingly, the few rich people that I know (from church and a couple relatives) are nothing like that all.