u have anything factual to back ur statement? im curious to know

When a person is famous, he is due to lots of criticism and flame.
One thing i noticed is tat he is well knowledged of the financial world.

Amway?
such  a successful 1?
well not much MLM can survive..

haha..
but then is not that easy lo.

happy4ever,

Aha!!  How many people that you know has COMMON SENSE??  As far as I can tell, it is VERY RARE.

For example,

How many people buy stock without figuring out how they plan to make money out of that stock??

    i) Are they going to sell it aka a trade?

    ii) Are they going to keep it and collect dividend??

    iii) How much are they willing to lose?

    iv) At what price will they sell?

So, tell me how many people that you know answer question (i) to (iv) before they buy a stock?

How many people that you know believe the house they lived in is an asset?

"Common sense is highly uncommon."

Dreamer

happy4ever,

<<If one is familiar in the stock market, he would know what suits him. >>

Only if the person has the COMMON SENSE of getting familiar with stock market before buying stock.  IMHO, this is PRETTY RARE.  I didn't do that either.  I had NO COMMON SENSE.

<<And having common sense also doesn't mean knowing the technical details of it. >>

My question which you HAD NOT answer is how many people that you know has COMMON SENSE.  In my experience, most people has NO COMMON SENSE.

<< which is already known.>>

Who say so?? Not in my experience.  And, from answering and reading MANY MANY posts in this forum, you would have come to the same conclusion.  Most people has NO COMMON SENSE.

For example, there is COMMON SENSE on you make money when you buy investment.  Aka, do not buy investment that does not make money for you.  Yes, it is COMMON SENSE.  But, it took me 10 to 15 years and after reading RDPD, I finally got IT.

Dreamer

me too..... i also want to find the truth
anyway...... robert is rich and his idea quite good for us noobie in investment

happy4ever,

<<And there is no technical details on how you'd invest via Kiyosaki's book.>>

That is CORRECT.  Only detail to evaluate investment.

<<If you want to invest in property, read books on property investment. Likewise for stock markets.
Robert's book is a general book, giving awareness of the importance of investment.>>

But, why would a GENERAL book in investment be less useful that a BOOK on property investment and so on?

There are GENERAL steps that you must follows for ANY KIND of investment.  And, if you KNOW that, you can evaluate ANY investment.

IMHO, a book that teaches me how to EVALUATE ANY KIND of investment is VALUABLE.  BTW, I had READ at least 50+ to 100 books on investment across 10 to 15 years.  After that, I still learn something from RDPD series of book.  I read 7 books in RDPD series.

Dreamer

happy4ever,

<<Another question for you, why would anyone looking for investment into properties be reading books on general investment for newbies?>>

1) You are assuming that this is a book on general investment for newbies.  That is your level of understanding.

<<Robert's book isn't any grander or offered any newer concept than what other books had.>>

2) There is a NEW concept here where he insist you MUST evaluate investment based on cash flow.  This contradicts almost most investment books.

<<Frankly, its actually an effort by Amway to draw in more members into MLM, promising the goals which RichDad book promotes (i.e. be a business owner, residual income, financial freedom, etc).>>

3) So what?? Just because Amway use his book as marketing tools does not mean there are not useful stuff in his books.

There is SOMETHING new in his series of books.  If you contrast and compare between his set of system to evaluate investment versus others, his system is focused on cash flow.  Others are based on capital gains.  A cash flow based investment makes money without selling the investment aka "make money when you buy".  A capital gain based investment only makes money when you sales aka "buy and pray".

So, a very basic theme which many people missed, why not buy investment that give you both??  You have a choice.  You can buy investment that pays you 7% to 8% every year.  With that, you do not have to sell make money.  It is an asset in cash flow basis.  It gives you money.  You can afford to wait until the capital gain is great enough before you sell or you never sell.

Dreamer

it is already mentioned from the beginning of all his books that his books are not how-to book and if the reader thinks it is, he should not waste his/her time and just stop reading... are you one of them?

i don't know what you understand of his books but from my understanding, he has an amazing concept on how to value investment based on cashflow... something similar to Warren Buffett, just different application...

his books are enjoyable to read and simple to understand! a bit oversimplified but its his concept that's important...
if one can change his/her mindset, it doesn't matter where and what he/she invests in, he/she will succeed

i like also his concept on moving from employee/self-employed to business owner/investor... business owner/investor does not necessarily mean you have to do MLM... you can find anything that you like doing, and other people can at the same time benefit from it, creating jobs, etc, i think its a noble thing... MLM is just part of it and i know a lot of malaysian MLM companies use his ideology to promote their company, so what? does that mean his idea is wrong? i don't think so...

Just a more general conclusion. Smart people makes money of out stupid poeple (either through their effort or money). Stupid people will remain economically marginalized (not going anywhere; poor). The easiet money are stupid people's money.