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Opinions please.

Opinions please.

(post is archived)

[–] • 3 pts

Here goes:

I have read probably 4 or 5 of his books.

I would say to definitely not believe everything he says. He's embellishes, to say the least. Some of his claims and his backstory have been debunked. HOWEVER, I would still recommend for a person to read his books (don't get suckered into going to a training or a seminar). The books themselves have good and simple, yet very valuable concepts that most people are not taught by their parents. The books are designed to make people move from the financial perspective of a subservient employee and explore becoming either an investor or entrepreneur to gain financial freedom.

[–] • 1 pt

If you need to read a book in order to find this kind of inspiration, then I'm afraid you don't want it badly enough. There are many important lessons along the path to finding financial freedom. A lot of people tell you to read some book, listen to some podcast, go to some class or a website, but they're all lacking in a few specific ways.

There are many ways to become wealthy. Some of them aren't difficult. Ultimately, learning how to have the right frame of mind by experiencing things is important. Skipping steps is pointless. Of course, there are quite a few cheat codes: some are fairly costly, some demand extreme abilities or affinities and others demand only hard work. The catch is, the final tier can be accomplished by anyone without any keener insights.

No one needs a mentor. No one needs some book. What you do need is will and certainty.

[–] • 1 pt

I would agree that the overall theme of those books is very solid, which is that there is a difference between how regular people are taught and how the rich are taught.

The author himself exaggerates his stories and doesn’t give that specific of advice so the utility is limited. He is fast and loose with definitions which can make you look silly if you talk to a finance person. Its a decent babies first red pill overall.

[–] • 1 pt

It's about a 10 minute read, but this guy rips him about 5 new assholes.

https://johntreed.com/blogs/john-t-reed-s-real-estate-investment-blog/61651011-john-t-reeds-analysis-of-robert-t-kiyosakis-book-rich-dad-poor-dad-part-1

I read the first Rich Dad book fairly early on, and even while young and dumb, I was pretty sure that the 2 or 3 decent kernels of wisdom he passed on weren't worth the heaping piles of bullshit that had to be picked through to find them. One of the other comments here recommended Dave Ramsey over him. I'd agree that he's a much better starting point. After you've dialled in your financial bullshit detector, read Kiyosaki to practice using it.

[–] • 1 pt

My Ex Brother in law killed himself because he took what was in it to heart and it didnt work well for him.

No fucking clue whats in it but apparently it makes a lot of complete fucking dumbasses believe theyre gonna be rich.

[–] • 0 pt

-the author lied about his background

-the basic premise is 'exploit others, and make money while sitting on your ass'

[–] • 0 pt

which, ultimately, does make money.

as long as youre part of the cabal.

[–] • 1 pt

A total fraud and liar

[–] • 0 pt

I listened to him last night on the What is Money Show. He seems a little old and lost, he repeats himself a lot and uses props to make simple points. He seems to have a solid foundation to his ethos of personal and financial freedom but I'm not sure he is fully sincere

[–] • 0 pt (edited )

That time period is over. Now is the time to read "the good Life" by Helen and Scott Nearing, "Communities that abide" by Dimitri Orlov, and about a dozen other books on growing your own food and get busy ASAP

[–] • 0 pt

I don't know too much about him, but I don't take financial advice from a guy who went bankrupt.

[–] • 0 pt

There's many better books on accumulating wealth. He implies a college professor would be poor, and smart people forego school. If you are a professor in a worthwhile field (STEM), your pay is very good, and you can leverage that income to build wealth. Rich Dad Poor Dad is gimmicky and half the advice is bad get rich schemes. Plus he's kind of a shitty writer.

If getting started you could read "The Richest Man in Babylon", or "The Millionaire Next Door".