hermanhess Posted February 16, 2010 Report Share Posted February 16, 2010 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. 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] ForexMike 1 Quote Link to comment Share on other sites More sharing options...
sheetal Posted February 16, 2010 Report Share Posted February 16, 2010 Re: 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. 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'. Quote Link to comment Share on other sites More sharing options...
fallingsaints Posted February 17, 2010 Report Share Posted February 17, 2010 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. Quote Link to comment Share on other sites More sharing options...
sirxl Posted February 17, 2010 Report Share Posted February 17, 2010 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. Quote Link to comment Share on other sites More sharing options...
learningfx Posted February 17, 2010 Report Share Posted February 17, 2010 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> Quote Link to comment Share on other sites More sharing options...
Arthemis Posted February 28, 2010 Report Share Posted February 28, 2010 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 Quote Link to comment Share on other sites More sharing options...
litxus82 Posted March 1, 2010 Report Share Posted March 1, 2010 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:) Quote Link to comment Share on other sites More sharing options...
alten91 Posted March 1, 2010 Report Share Posted March 1, 2010 Re: The Truth about robert kiyosaki If he has good ideas fine, using them cannot hurt! thank :) Quote Link to comment Share on other sites More sharing options...
William1713006271 Posted March 4, 2010 Report Share Posted March 4, 2010 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, Quote Ore no Shinka Hikari yo Hayai. Zen Uchi o Nani no Mono Ore no Shinka Chuito Kore Nai. Ten no Michi yo Iki. Subete o Sukosadoru Otoko. Link to comment Share on other sites More sharing options...
dr0o69 Posted March 5, 2010 Report Share Posted March 5, 2010 (edited) Re: The Truth about robert kiyosaki thank you indo-investasi... now i become a better trader... Edited August 7, 2010 by dr0o69 Quote To know and not to do is not yet to know - Zen Link to comment Share on other sites More sharing options...
lud Posted May 31, 2010 Report Share Posted May 31, 2010 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 ! Quote Link to comment Share on other sites More sharing options...
⭐ osijek1289 Posted November 29, 2010 Report Share Posted November 29, 2010 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 forexfx 1 Quote Link to comment Share on other sites More sharing options...
⭐ Gambler67 Posted November 29, 2010 Report Share Posted November 29, 2010 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". Quote Link to comment Share on other sites More sharing options...
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