"Some readers have said that if I am going to criticize Kiyosaki’s book, I must offer a version of how to better yourself that does not have the flaws of Rich Dad Poor Dad. No problem. That would be my book Succeeding, which, somewhat to my surprise, is my top seller of the 38 different books I sell."
John T Reed isn't exactly unbiased here.
I found the value of RDPD not in the exact advice it gave, but in the mindset change. Basically it prods you to start thinking and acting more like the 1% does.
I just read some of the critiques from the Reed link above. I consider all of them to be accurate.
This is why I do not ever advocate for Kiyosaki. He is a huckster. But thinking in terms of assets vs liabilities, seeking rents as opposed to salary, and having multiple streams of income are all excellent thoughts. Most of his "how to" stuff is questionable at best. He also seems to always be ahead of any new idea. Silver? Oh yeah I have great big piles of silver. Bought it decades ago. Real Estate? Yeah I have thousands of rental properties and I've figured out how to maintain the properties for pennies, and everyone always pays on time.
Gets you out of the "work for a living" mentality (slave/serf/factory worker mentality) and more into the investor mentality (rent seeking, assets not liabilities, etc.)
I often think Kiyosaki is a clown/huckster. He's always doing the "Wink-wink what's behind the next door will cost you but it's worth it. Only offered to my good friends!!!" tactic. But I equally think that first book is worth owning and reading.
Interesting.... Rdpd changed my life, so it will always have a place for me. It did teach me about passive income. I'm a high school drop out, and own 2 businesses. So it's not worthless as a book, though I see the points he made also. I'll need to read succeeding now.
"Rich Dad, Poor Dad"
Robert does know his shit.
"Some readers have said that if I am going to criticize Kiyosaki’s book, I must offer a version of how to better yourself that does not have the flaws of Rich Dad Poor Dad. No problem. That would be my book Succeeding, which, somewhat to my surprise, is my top seller of the 38 different books I sell."
John T Reed isn't exactly unbiased here.
I found the value of RDPD not in the exact advice it gave, but in the mindset change. Basically it prods you to start thinking and acting more like the 1% does.
I just read some of the critiques from the Reed link above. I consider all of them to be accurate.
This is why I do not ever advocate for Kiyosaki. He is a huckster. But thinking in terms of assets vs liabilities, seeking rents as opposed to salary, and having multiple streams of income are all excellent thoughts. Most of his "how to" stuff is questionable at best. He also seems to always be ahead of any new idea. Silver? Oh yeah I have great big piles of silver. Bought it decades ago. Real Estate? Yeah I have thousands of rental properties and I've figured out how to maintain the properties for pennies, and everyone always pays on time.
(X) for Doubt.
I thought exactly the same.
Gets you out of the "work for a living" mentality (slave/serf/factory worker mentality) and more into the investor mentality (rent seeking, assets not liabilities, etc.)
I often think Kiyosaki is a clown/huckster. He's always doing the "Wink-wink what's behind the next door will cost you but it's worth it. Only offered to my good friends!!!" tactic. But I equally think that first book is worth owning and reading.
Is RDPD the one where he rented comic books to the neighbor kids?
Interesting.... Rdpd changed my life, so it will always have a place for me. It did teach me about passive income. I'm a high school drop out, and own 2 businesses. So it's not worthless as a book, though I see the points he made also. I'll need to read succeeding now.
Greatest impact on my life as far as books go.