Robert Kiyosaki: His 'Rich Dad' Does 'Not Exist'?

Story!!!
I have learnt a lot from wat Robert has written and i have read rich dad twice and still pal 2 read it again.
i believe its all for popularity sake.
Na him no! 

@Poske,
    You took the words from my mouth
  @ all,
   i want to tell you that Mr reed is trying to get attention.As far as i am concerned Robert Kiyosaki is a very good motivator and author of a great repute.I have learn't a lot from him, I will be 26 this weekend and i can proudly tells you that i am more financially free and money is working for me unlike my parents who have to work for money all their lifes.As a matter of fact i might not have much to say on whether Rich dad was real or not but i can tell you Rich dad book series as really made me a great achiever at this age.As for me the book is for anyone that really wants to be free from the "Rat Race".regarding wheather it's real or not,

When I read the book about 5 years ago, I was doubting if there is any Rich dad anywhere. But
who cares whether the Rich dad is a figment of Bob's imagination or not? I learnt a lot of life lessons
in that book that helped me chart a course for my life.

As advised by Bob, I am minding my business and my business is taking care of me now. I no longer
belong to the members of the rat race. I don't have to wake up 5am to run after a boss that doesn't
care about me and come back late at night. I run my own show. All thanks to the golden advice by RTK 

Please MIND YOUR OWN BUSINESS! 

i have read three different books by  Mr Robert  and find it okay and applicable. and Mr reed as a person has a right to say what he like its a free world.

I wouldn't want to get into the argument about whether Rich Dad is real or not. In my opinion, if Rich Dad is real, it still does not make the principles RK is teaching valid. And if Rich Dad is not real, it would not make the RK's points invalid,

You may also want to consider the following points:

• RK's best one-liner, in my opinion, is that "An asset is something that puts money in your pocket, and a liablity is something that takes money out." I believe this statement really packs a punch, unlike many of his other meaningless statements.
  
• Many of the ideas that RK shares would not work in Nigeria. For example, he talks a lot about people who sell real estate to him on the cheap because they cannot afford the taxes on the real estate. Or real estate in this country is not taxed, at least not to a degree that the owner would be absolutely unable to pay.
  
• He talks a lot about banks being unwilling to give you a loan to buy stocks. Nigerian banks actually love customers who wish to borrow money to buy stocks!

A lot of what people call "investing" in Nigeria today is actually speculation. We need to pay attention to what RK says about real estate, but we need ideas that would work in our own economy.

his principles dont work in nigeria

hello pls i dont know how to post a topic on nairaland, does anybody know how i can subscribe to BOTTOM LINE magazine its a monthly business magazine.

guyz wetin una det talk sef jooooooooo. i believe kaecy5 his f**k*** principles doesnot work here abnd thats final except you are am fraudster and a corrupt govt official

True talk!

WORD !!!!

Robert kiyosaki in his book warns that his recomendations might not be viable in every situation or to every body but the fact still remains that he was gushing out advice on how to make money, how to invest5 even when u dont have much simply how to let money work for you, that man has got alot of business strategies, in rich dad poor dad he talked about his friend on the title of his Economic book whom made it sound like any other Economic book so he advised him to cahnge the title to WHY YOU DONT NEED TO GO TO SCHOOL (i guess! something like that) then the book sold out in awesome numbers we all know even if this story was not real, the fact still remains that thye title is catchy its a good bus strategy there loads of ECO books everwhere but people will want to pick and know y you dont have to go to school which consist the basics of Economics. Robert Kiyosaki has made me a dreamer and some of my dreams re becoming real now, money is a very strong issue the best way is to make it work for u or else u will work for it for the rest of your life!   

My people, lets wake up, move on and not over flog the subject!!

The guys has made good money cashing in on the most pervasive human need "how to make it in business and even in life".

It's a free world and a capitalist one at that!! Go out there and do your thing even write another one ,  Say "Rich mum, poor mum, lol!! You get my drift!

The fact is nobody is compelled to buy the books or attend the $500 conferences.

@ Debosky, you are the first Arsenal fan I've met to talk correct. RTK is probably a liar, but he wrote a (sometimes) useful book.

@ Mimiko, I'm glad he made u to dream. He made me to dream too, but he is prob still a liar. The physiques I see on WWE encouraged me to put on ~10kg of muscle. Doesn't make pro-wrestling real. 

Like everything in life - I have learnt not to throw the baby out with the bath water!

I initially had some problems with his potrayal of 'poor dad'. Initially, he made it look like it was a crime to be an employee and we all know that not everyone can be an employer - it's unrealistic. There are many 'poor dads' in Nigeria that don't end up the way his own did. They work hard for their money in paid employment and then diversify into other investments.  Maybe Americans are so happy and content with their work that they don't need an additional source of income but in Naija most parents i know that have a reasonable job - ALWAYS have their fingers in more than i pie.

However, I do appreciate the education of it all which is basically: to use your inflow to make more money for yourself from which you take care of your expenses. Inflow must always be much larger than outflow. Use your imagination to grow your inflow.

I have been applying these principles for several years after reading this book and i'm the better for it.

Rich Dad Poor Dad - Truth or Fiction? Definately fiction but very educative, enlightening and progressive

I think he made up for the stories in his other books by concentrating more on the principles than the blah blah

P.S. My dad would certainly disown me if i were to write about him the way RK wrote about his!
P.S.S. So would my Mum

@ akinalabi. Man I feel you. John T. Reed just behaved like someone who's being a casualty of competition. How can u point out the wrongs in someone else's book based on the characters used? I noticed he didn't talk about his (Kiyosaki’s ) money making principles and am really surprised that he had no porblem with that at all. So, what is he making noise for?

I still know and believe that Kiyosaki’s pricinples if diligently followed in any fuctional and stable economy, I don't mean Nigeria's volitile economy because for that u have to do extra work, you'll have the riches of your dream. 

And just to say, in other to be a good author, u must be able to garner and organize knowlegde, so I think he's covered even if he's not a real estate guru. The fact that he has done his research well, makes him a great author who pays attention to details.

Debosky, allow me to answer for you. He did say in the book that his biological dad was the poor dad and his friend's dad (i forget the friend's name) was the rich dad. The rich dad was a mentor and not a real dad. The issue here (and you missed it) is that no one has been able to pinpoint the "rich dad" not even RTK himself when asked. This would make the book a work of fiction and not a memoir like RTK claims. Maybe it makes no difference to you, but integrity is very important to me.

Have you read the book? I doubt it. And we post because we have an interest not the other way round.