QUOTE(iamyuanwu @ Oct 22 2007, 02:42 AM)
You should take what Robert Kiyosaki says in his books with a huge grain of salt. His books can be very misleading by re-defining the meanings of basic terms like debt, asset, liability...
Read these first before you really believe everything R. Kiyosaki wrote:
http://www.johntreed.com/Kiyosaki.htmlhttp://www.consumerismcommentary.com/2006/...saki-is-a-liar/I know it's a very long article, but I just want you guys to be careful before following Rich Dad Poor Dad's advice blindly.
I've read those before and if you read a lot of user's feedback on john reed's column; you'll find some rather astonishing and amusing stories. I would term them as "stupid". Couple of them post their failures because they just go all out without first anlysing whether or not the strategy suits them or the market.
EG:
QUOTE
Dear Mr. Reed:
I would like to request that if you post this anywhere, please do not use my name.
I was first given a copy of Rich Dad, Poor Dad by my father in law who had received it from his ex-girlfriend. Since this book was coming from a man that is quite comfortable in his finances, I took it seriously.
After reading the book, I quit a job where I was making a decent salary as an engineer and then proceeded to waste the next two years of my life. Since Kiyosaki says that it is so easy to run a business and make money, I figured that I would be rich in no time. Unfortunately, after losing more than $30K trying to start up my easy income, I've gotten nowhere. What I can't believe is how there are people out there that call this a good book. There is nothing good about it. It is propaganda for a mass majority that is desperately trying to cling to something. People that are trying to blame everybody else for their problems. People that want to understand why they have nothing, yet fail to see that the Mercedes Benz is not helping them at all. Kiyosaki is full of crap, he oversimplifies things and says absolutely nothing. Too bad I figured this out too late. My only salvation is that I'm still in my twenties and have plenty of time to make up for the money that I lost. Thankfully, I've recently found a job in my old line of work at about the same salary as before. This guy is dangerous; because of his stupid advice, I actually lost two years of income, lost an extra $30K, and almost got divorced.
Name withheld by request
Again, ppl should judge which strategy suits them the best.
Same can be said regarding John Reed which how other ppl supporting him are calling Kiyosaki names. Especially on how some labeled Kiyosaki as funding himself by selling books and dreams to everyone.
For eg, when one read a property investment book (a lot are coming from the states) doesn't meant that the property investment skills and strategy can be applied here in M'sia. But if one learns to read between the lines and analyse it; it might be useful.
I would say a lot have benefited from RDPD series though I've read only 1 which is on "MLM" (half way through) and I tend not to like it; not because of the strategy itself, but I myself am not a salesperson even though it preaches that everyone can a salesperson. But there are points and philosophies in there which I agreed to.
Oct 19 2007, 11:51 AM
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