Comments on: Notes From A Kiyosaki Rich Dad, Poor Dad Series Audio CD

By: joe

joe — Sun, 10 Jul 2011 18:13:49 +0000

The rich dad poor dad series of books are indeed excellent, but has anyone caught the new book “YOU HAVE A COLLEG DEGREE, NOW WHAT?”

Its an excellent new book and curious if anyone else had read it?

Joe

By: Martial Andrew

Martial Andrew — Sat, 25 Jul 2009 16:47:26 +0000

I have read Robert Kiyosaki’s books with amazement, namely; Poor Dad Rich Dad, Ritire Young, Ritire Rich.

May God reward the effort of your work and may more people get rich from the use of your experience.

By: Dividend Growth Investor

Dividend Growth Investor — Tue, 21 Jul 2009 14:55:50 +0000

I am not at all handy; that’s why I prefer to have the instant diversification of real estate by buying a real estate investment trust (REIT). That way I could have exposure to commercial real estate and not only deal with individual tennants.

As for stocks and leverage, it is quite possible to achieve a 10:1 leverage factor with stocks, using stock index futures. One thing I agree on is that people need to increase their financial literacy. Otherwise, they’d keep buying get rich quick guides ( i meants inspirational products ) like Rich Dad, Poor Dad

By: steveh

steveh — Mon, 20 Jul 2009 21:36:46 +0000

I’ve never been a Kiyosaki fan. I found this website on him.
http://johntreed.com/Kiyosaki.html
True or false, you decide.

By: Bucky

Bucky — Mon, 20 Jul 2009 20:49:26 +0000

While some people can sort through reality vs lofty sales pitches, many people are suckered by Kiyosaki’s tales. Many of his examples are pipe dreams, which are most likely fabricated or exaggerated. The danger is that he makes real estate investing sound so simple, but it’s not. Cash flow positive properties are extremely difficult to find nowadays. The reality is that real estate investing is very dangerous, and not everyone should be doing it.

Bottom line is this: If you’re smart enough to sort through reality vs his sales pitches, then you don’t need to read his book (look for cash flow positive investments… duh!). If you’re not that smart, then you’ll be a lot worse off believing and doing everything he says.

By: Jim

Jim — Mon, 20 Jul 2009 20:15:53 +0000

I haven’t yet read Kiyosaki, but I’m curious to read him given how much he’s talked about. Looking at Reed’s site it looks like Kiyosaki exaggerates the success he’s seen with real estate and gives people too high expectations. But the bullet points above all seem like decent advice to me.

By: dataisgold

dataisgold — Mon, 20 Jul 2009 18:42:22 +0000

I called/interviewed several Property Managers in 2007. I would recommend visiting their offices. When I was down to the last to candidates, both visited my condo, both asked that I visit their offices.

One of them I went about an hour early and her Office was closed and it looked like no one was there. When our appointment time came I went in and it looked very busy, and she mentioned they had been busy all morning and were “here.” At that moment I didn’t trust her, as it was obvious she and her assistant weren’t there all morning.

The other PM (actually the owner of the business), introduced me to his staff and the persons that would be handling my property and the finances. He also made it clear he wouldn’t charge any money for as long as they don’t rent out the property.

They both had a good track record and were in business for many years, but it came down to who do I trust more.

By: Warren

Warren — Mon, 20 Jul 2009 18:07:20 +0000

Jonathan, I’m surprised a smart guy like you would waste more than a minute or two on Kiyosaki. I knew this guy was a snake oil salesman when early on he talked about buying property and selling it “x” weeks later for “y” thousand more than he paid. (don’t recall the exact numbers). The obvious question is, where was the second buyer during the first sale?

By: Randy

Randy — Mon, 20 Jul 2009 15:40:45 +0000

That post pretty much sums up my disappointment with Kiyosaki. One can adequately summarize his books with 500 words of bullet points, and he leaves unsaid the really useful stuff.

By: mimi

mimi — Mon, 20 Jul 2009 14:56:23 +0000

I feel like the older I get, the less I ever want to be a landlord. I totally see the “work” side to this, despite the possible gains. In any event though, I am likely to be a landlord one day on the house I now live in. I hope to buy something within the next 2 years and rent out my current home — if only to wait until the market rebounds. Right now, houses aren’t selling very well in my area — and if I were lucky enough to get a buyer, I’m sure they wouldn’t be bidding very high. My house is really nice too — all fixed up now and in the right market, I’m pretty sure, it would get me a really fast and nice return. So I’ll probably be the reluctant landlord for about 5-10 years. I mean, we might like being landlords, but it really depends on the tenant.

By: Paul

Paul — Mon, 20 Jul 2009 12:58:57 +0000

The Rich Dad’s books were certainly a source of inspiration to get me started in real estate investing. Once you are actually doing it though, most of the information appears to be superficial.

However, for most people the most critical step to success is to first take action. If the books help you do that, they have been worth it to you.

By: Kelly

Kelly — Mon, 20 Jul 2009 11:00:05 +0000

Hello! I found your blog through a comment you left in mine, and I think it’s fantastic! There’s so much material in here!

I read “Rich Dad Poor Dad”, and thought it was ok, although it works mainly just as a motivational book -if you want more concrete steps to follow, I suppose you have to read or listen to the rest of Kiyosaki’s products, such as the one you mention here.

I’m glad you point out that the power of leverage when your investment goes up also means that your losses will multiply when the price goes down. I’m amazed at how often this type of authors that try to show you how easy it’s to get rich forget to mention the negative side!

Anyway, I really like your blog, and I’ll make sure I keep coming back.