Rich Dad Poor Dad by Robert Kiyosaki
If you’ve ever dreamed of getting out of the rat race, now may be the time do it. One of the most well known gurus who can show you how to make money is the author of “Rich Dad Poor Dad.” His name is Robert Kiyosaki. And, he’s been showing people how to get rich for probably 20 years. I don’t know about you, but I like to follow others who are successful and the Rich Dad Poor Dad guy has been very successful for a lot of years.
What can Rich Dad Poor Dad show you how to be successful? His ideas are about thinking outside the traditional box. One of the things he teaches us from the beginning is to not think of making money the old way. Yes, he says go to school and get a college degree. That is very important. But, don’t worry about the PhD and working as a college professor. Not that it’s necessarily a bad thing if you want to be a working stiff the rest of your life.
Rich Dad talks a lot about taking your brain power and creating real wealth through real estate investing. It’s actually quite appropriate to talk about that today, since many homes now are in foreclosure. In fact, the principles that Rich Dad Poor Dad teaches is line with age old tried and true principles of real estate investing. The advice he gives is about smart financing for the most part.
Robert Kiyosaki is well known for teaching people the principles in real estate investing, like finding the right properties, getting creative financing and really focusing on financial literacy as well as academic literacy. Only in this way can you really understand what you are buying, when to sell and when to hold.
There have been many people who have written about how to be successful, in real estate investing, in stocks, and in life in general. Rich Dad Poor Dad is not the first, nor will he be the last. But, Robert Kiyosaki has also had some amount of controversy around his successes.
There have been some investigations into whether Rich Dad Poor Dad example stories are really true. There have been questions regarding whether the people he speaks about in his book really do or did exist. In fact, some suggests that the Rich Dad was really made up in order to make the book more believable.
I did not know this until recently, but the co-author of his first book, Rich Dad Poor Dad, sued him in 2007. I, like the author, do not know the reason for the suit, but anybody who gets sued, is sued for something dastardly, I’m sure. Frivolous lawsuits can backfire on you.
Regardless of the allegations about fictional characters, Rich Dad Poor Dad author Robert Kiyosaki does give some sound advice about financing and real estate investing. But, there is also another important point. The information he gives is not new. Robert Kiyosaki is also not the only person who gives out this type of advice. If that’s true, would you want to invest your time or money with someone who has that much controversy surrounding him or who’s been sued in the past?
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