I stumbled upon this guy today, Robert Kiyosaki. He seems to have a unique view on investing. Basically telling everyone that "work hard, save money, get out of debt, invest for the long term, and diversify" is bad advice. I don't know how to take it. He seems to talk more about what not to do than what to do.

Two articles I read so far:
http://finance.yahoo.com/columnist/a...ichricher/2188

http://finance.yahoo.com/columnist/a...ichricher/1962

What does everyone else think?

 

Homeboy, you got to the party a little late. The Keg is dry and the girls have left.

 

This is like asking if someone has heard of Donald Trump....

 

Oh, so i've been told everyone's heard of robert kysosakawhatever excpet me. cool.

well what's the general consensus on his viewpoints?

 

He is still beating the dead horse of Rich Dad Poor Dad.

The Poor dad is supposed to be his real father that told him to get a job and work for the man his whole life. He ended up being "poor", which I assume means not a multimillionaire.

The Rich dad was his friends father that would rather own the business and own the real estate. He became very rich.

There is a lot of controversy over his book. He has never proved that "rich dad" really existed. I read the book. It's a good read and tells you some good things. However I don't think its the non fiction he spins it to be.

In short, he will tell you to get into real estate or own a business.

 

Oh ok, that book is on my list of books to read, I guess I missed he was the author. It does make sense to invest in things you can control, though.

 

While technically he is full of shit (half the shit in the book about himself is not true), he does provide good advice but it is not like one can't figure it out without him...


i.e. Chances are that you will fail a couple of times.... learn from your mistakes...yada, yada,yada....

The fact is, he is getting rich from selling you the books about "becoming rich".... nothing more...

 

Oh i see. Public library, here i come!

 

or, you can PM me with your email address for the free e-copy of Rich Dad, Poor Dad.

 

you beat me to it. I came here to post the same thing!!! I think we just entered the twilight zone.....

 

I just tried to PM you but it says you've chosen not to receive PMs. Hmmm.
I'd like a copy sent to fast.tl@gmail.com

 

take everything, including this link, with a grain of salt
http://www.johntreed.com/Kiyosaki.html

 

He just spoke at a training for the business my wife and I are in......Arbonne International.....

Most of his stuff is "common sense" information, but maybe some folks just need to "hear" it from a celebrity....