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The Truth about robert kiyosaki

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  • The Truth about robert kiyosaki

    Hi gang,

    Here's an intersting article about Robert Kiyosaki. Fraud or seer you decide, I'm not saying anything its just an interesting article I wanted to pass on. Personally i have found no value in his books ...... but maybe thats just me.

    Code:
    hxxp://www.johntreed.com/Kiyosaki.html
    also here's what wikipedia has to say

    Kiyosaki's books and teachings have been criticized for focusing on anecdotes and containing little in the way of concrete advice on how readers should proceed.[12] Kiyosaki responds that his material is meant to be more of a motivational tool to get readers thinking about money, rather than a step by step guide to wealth. He also says the books are supposed to be "interesting" to people, which precludes involving a lot of technical material.[13]

    ABC ran a 20/20 segment on May 19, 2006 in which Kiyosaki was to advise three entrepreneurs on how to make money. They were given $1000 and 20 days to try and make the most money possible. One earned a return of 24%, the second earned a return of 54% but gave it all to charity, and the third lost 100% because she invested in machines that could not be delivered in 20 days. The contestants alleged that Kiyosaki never gave concrete advice. "All he [Kiyosaki] does is, I guess, is open your mind to the possibility. He doesn't tell you how to do it." Kiyosaki responded that failure is important to learning. At the end, 20/20 asks, "Does anyone really need 18 books to learn to fail?"[1]

    The Wall Street Journal harshly criticised Why We Want You To Be Rich by Kiyosaki and Trump[14] as did Kiplinger's Personal Finance.[15]

  • #2
    Re: The Truth about robert kiyosaki

    Originally posted by hermanhess
    Hi gang,

    Here's an intersting article about Robert Kiyosaki. Fraud or seer you decide, I'm not saying anything its just an interesting article I wanted to pass on. Personally i have found no value in his books ...... but maybe thats just me.

    Code:
    hxxp://www.johntreed.com/Kiyosaki.html
    also here's what wikipedia has to say

    Kiyosaki's books and teachings have been criticized for focusing on anecdotes and containing little in the way of concrete advice on how readers should proceed.[12] Kiyosaki responds that his material is meant to be more of a motivational tool to get readers thinking about money, rather than a step by step guide to wealth. He also says the books are supposed to be "interesting" to people, which precludes involving a lot of technical material.[13]

    ABC ran a 20/20 segment on May 19, 2006 in which Kiyosaki was to advise three entrepreneurs on how to make money. They were given $1000 and 20 days to try and make the most money possible. One earned a return of 24%, the second earned a return of 54% but gave it all to charity, and the third lost 100% because she invested in machines that could not be delivered in 20 days. The contestants alleged that Kiyosaki never gave concrete advice. "All he [Kiyosaki] does is, I guess, is open your mind to the possibility. He doesn't tell you how to do it." Kiyosaki responded that failure is important to learning. At the end, 20/20 asks, "Does anyone really need 18 books to learn to fail?"[1]

    The Wall Street Journal harshly criticised Why We Want You To Be Rich by Kiyosaki and Trump[14] as did Kiplinger's Personal Finance.[15]
    This guy (Kiyosaki) has already filled his pocket & bank a/c selling 'motivational' stuff. No background, no achievement in the past.

    Kiyosaki left the Marine Corps in 1975 and got a job selling copy machines for the Xerox Corporation. In 1977, Kiyosaki started a company that brought to market the first nylon and Velcro "surfer" wallets. The company was moderately successful at first but eventually went bankrupt. In the early 1980s, Kiyosaki started a business that licensed T-shirts for Heavy metal rock bands. In 1997 he launched Cashflow Technologies, Inc. which owns and operates the Rich Dad and Cashflow brands.

    I don't see anything spectacular or anything that could be tagged as 'achievement'.

    Comment


    • #3
      Re: The Truth about robert kiyosaki

      That's why he started selling books?
      I have to agree with him that to acheive what you want, you'll need to open your mind to possibilities. HOWEVER, I doubt anyone will need 18 books. Interesting read, thank you, hermanhess.

      Comment


      • #4
        Re: The Truth about robert kiyosaki

        Well I've read Why We Want You To Be Rich by Kiyosaki and Trump several times since I bought it and did grasp some new info. Knowledge is only useful if you put it in practise.

        Comment


        • #5
          Re: The Truth about robert kiyosaki

          Hi

          Whether Kiyosaki is a fraud or whatever, he still have some good
          ideal & concepts that we can learn from. Knowledge is the most
          important that we can gain, so I agreed with sirxl points.

          In life, everything is like a coin, there are 2 sides, look at the good
          side and learn from it. No use crying over split milk is my principle.
          Just my personal comments.




          =D>

          Comment


          • #6
            Re: The Truth about robert kiyosaki

            never heard about this guy and definitly dont want to hear about him after reading the page you mentionned.

            Thanks

            Comment


            • #7
              Re: The Truth about robert kiyosaki

              Hi all,

              I red his book "Rich dad Poor dad" and not sure if I could say he is a fraud. This book is for motivation and you should think "how to achieve something" instead of giving up and "this is impossible" attitude.

              Haven't red the "Why We Want You To Be Rich", but then again what do you look for in a book or any type of information? Nobody will give you "holly grail" to become rich instantly.

              As for 1000usd 20/20 contest who can make biggest returns, not sure how it is relevant. Was it 1000usd investing in stocks and seeking best return or just anywhere? If anywhere then only thing you can do is give some kind of advice to a point after players will do what they have already decided. Again, can you ask a motivational coach to give advice on making money on something specific? He can motivate but you need to do the work an do it, he is not a specialist on how to make money in every type of business as it is impossible. I guess people were expecting solid advice on something specific, which is not reasonable

              Comment


              • #8
                Re: The Truth about robert kiyosaki

                If he has good ideas fine, using them cannot hurt! thank

                Comment


                • #9
                  Re: The Truth about robert kiyosaki

                  Kiyosaki...

                  His 1st successful business? the Rich Dad Poor Dad corporation. That's what I heard. So, he practically have no achievement to prove beforehand.

                  If you pay attention, all of his books are not even motivational books. They are "sales-letter" books. Those books are pre-sales materials for his main business (the board game, which he sells $100+ a piece)

                  It may hard to see for traders or investors to realize this kind of marketing strategy, but if you work in advertising company or you are a professional copywriter, I believe you will agree with me.

                  The problem of converting a sales letter into book is the length of material, so he has to "experience" things here and there.

                  Content speaking, for me personally, it's not a technical "how-to" book, it's not even motivational book. It's a sales letter. It's not a how to book, so you can't exactly blame the guy for not being rich beforehand, right? It's "motivational" book, my cat could make me happy and motivated, so what's wrong of Kiyosaki (even if he's broke and lousy, he's still a human, not a cat) making me happy and motivated, right?

                  Kiyosaki is famous for selling a "sales letter" book. How ironic it sounds, right.

                  With all those negative things to said, i've read some of his books, and I have no regrets what so ever reading some of them. They are great read at those time in my past, but not now in my present. I wouldn't call Kiyosaki a guru, but if I meet him in person, I would shake his hand and thank him for the material in the book. It's a good book that have changed my point of view, and for that I'm eternally grateful.

                  Regards,

                  Comment


                  • #10
                    Re: The Truth about robert kiyosaki

                    thank you indo-investasi... now i become a better trader...
                    Last edited by dr0o69; 07-08-10, 00:18.

                    Comment


                    • #11
                      I have a live audio recording of him and this is very good, motivational wise. other thn that I recommend " thinking BIG", my all time favourite !

                      Comment


                      • #12
                        Although this is an old thread, this dude never goes away - he's touring the US & Canada promoting the same incoherent gibberish that's been exposed by many, but, there are always candidates for his money sucking tactics.

                        Canada's CBC did a story exposing him earlier this year; here's a few links:
                        http://www.cbc.ca/consumer/story/2010/01/28/consumer-rich-dad-poor-dad-marketplace.html
                        http://www.cbc.ca/marketplace/blog/2010/01/get-rich-quick-schemes-really-are-too-good-to-be-true.html

                        And the 22 minute show segment with an undercover camera and catching this tongue-tied fraudster in more than enough lies. Enjoy.

                        http://www.cbc.ca/marketplace/2010/road_to_rich_dad/main.html

                        Comment


                        • #13
                          It is so easy to give advice. After all putting your own advice into practice is another thing all together. Thats why we call the advise givers "trying to be a big brother".

                          Comment

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