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I'm not saying there isn't usable advice in that book, which I have read, but in full disclosure, the book's author, Robert Kiyosaki, fictionalised most of the
by pnut 8y ago
I'm not saying there isn't usable advice in that book, which I have read, but in full disclosure, the book's author, Robert Kiyosaki, fictionalised most of the anecdotes contained within it.
Additionally, he operates a real estate "investing" school that advocates and instructs semi-legal, morally questionable predatory practices.
It is openly modelled after Trump University, Trump being Kiyosaki's business mentor and aspirational avatar. They have authored at least one book together.
- SuperNinKenDo 8y agoI assume anybody reading that book understands that "Rich Dad" is mostly literary device, probably loosely based on an actual figure(s) and a few key events or experiences. Nobody remembers conversations they had word for word an hour afterward, let alone decades.
- taneq 8y ago> Additionally, he operates a real estate "investing" school that advocates and instructs semi-legal, morally questionable predatory practices. Yeah, it's 90% trivial platitudes about "buy low, sell high" and "invest your money wisely", and then a few pages about how he actually made his money (if that part is true, anyway): Haunt foreclosure auctions to flip the houses. Skeezy.
- yjftsjthsd-h 8y agoSo he says to buy low and sell high, and he made his money by buying real estate cheap and then selling it higher? I have absolutely no background on the guy, but that doesn't sound "skeezy" or even inconsistent; what am I missing?
- JamesBarney 8y agoNo he made his money selling books explaining to people how to become rich. To my knowledge he wasn't wealthy before his book.
- AnimalMuppet 8y agoWhy is that skeezy? If the house is at a foreclosure auction, it's being sold whether he buys it or not. If he buys it, he's paying more than anyone else was willing to.