I can't resist pop economics books, they are one of my guilty pleasures. While Suze's stuff is pretty solid and grounded, this turkey Robert Kiyosaki and his Rich Dad empire tells you that saving and education mean fuck all--great for selling books to the broke and undereducated, but not much else.
Kiyosaki is a 'get rich by doing what I did' information pimp much like Carlton Sheets and my hero Tom Vu before him.
The Cliff's Note version of RDPD: Pay yourself first, you home is a liability-not an asset, saving is for losers, education isn't that important, buy real estate, be a landlord and then sell, but most importantly, buy Mr. Kiyosaki's ever expanding product line and you too can be rich. He is the author of over 20 books, has multiple DVD's and an online community where you can pay for even more info. Seems to me like his products made him rich more so than the lessons his 'Rich Dad' taught him.
Assuming you followed RK's advice over the last few years, I'd venture to bet that his mantra of real estate being the ultimate investment might have meant a Deliverance style fucking, sans lube to your bottom line with this awesome real estate market. Some jackasses snatched up those pre construction luxe condos in Vegas and Florida that are selling for pennies on the dollar after the downturn and over saturation and are now Broke Dad's.
Being rich to me isn't being some jerk's landlord, getting hassled about broken pipes and clogged toilets in the middle of the night. That's a fucking annoyance and not part of what I consider rich. Getting porcelain choppers and selling snake oil doesn't do it for me either, I like to be able to look in the mirror and think I'm not scamming the uninformed.
I wouldn't trade my college years for chasing the same foreclosure nickel that every swing dick in town is after. You don't get to bone nearly as many hot 20 year olds at deadbeat property auctions as you do on a college campus. One day you'll wake up and never be able to sleep with a 21 year old again, through no choice of your own.
Being rich to me is being able to do what you want in life without sweating it. Trip to Japan? Let's do it, a meal at your favorite restaurant without looking at the bill, never saying 'I have to stay in because I only have ______ for the week'. That shit is all attainable if you live within your means, save some dough and don't have kids. Common sense like that doesn't sell many books though.
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3 comments:
You got that right. Kiyosaki is a scam artist who will sell you a seminar that doesn't teach anything. The sole purpose is to sell you other more expensive Rich Dad seminars.
Kiyosaki never made any money in investing. He became rich selling books and seminars.
For proof about how wrong he is just check out all his wrong predictions on Yahoo.....silver and real estate. Both have crashed.
Dude named Andy Bechtolsheim was one of the first people to invest in Google back when it was being run by 2 nerds in a garage out in San Mateo County. Andy put $100,000into Google in 1998.
That $100,000 is worth about $1.5 billion today.
Alternative energy is the next big thing.
Holla at ya boy.
You see these cars? I own these. You see these tennis court? I own these.
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