However, looking back on my life experience since reading Rich Dad/Poor Dad, I can say definitively that there is almost nothing in that book that bears any resemblance to truth or the way that life works.

1. I am a successful business owner. With the exception of three months after I graduated college, I have never earned a salaried paycheck. RK would be proud of me. I have no 401k.

While RK makes this out to be the holy grail, in fact it is a very difficult way of life that is NOT for everybody.

There are also significant financial drawbacks. My health insurance premiums are 40% higher than friends who collect a paycheck. Many of them also get 401(k) contributions matched by their employer which is essentially free money that a business owner can’t get.

Far from being able to retire on passive income, most business owners I know work longer hours than even the most dedicated employee. When everything is ultimately your responsibility, you often cannot rest.

In my business, I interface directly with quite a number of CEOs of highly successful companies. None are retiring on “passive” income staying with the business. The ones who’ve retired have sold their companies. Selling even a successful business for enough money to retire comfortably at a young age (or any age) is very rare and very hard to do.

2. Kiyosaki’s blanket statements about investing are almost universally wrong and often dangerous to boot. Virtually all of author John T. Reed’s factual criticisms of Kiyosaki are accurate in this respect.

3. Kiyosaki’s musings on the stock market, inflation, etc. are truly laughable to anyone with any decent experience on these subjects. Don’t believe me? Take Robert’s advice— educate yourself! Just for fun, read about investing from someone other than Kiyosaki— try someone who has made it big and opened the doors and windows so all can see how he/she got there. Read Warren Buffett, Charlie Munger, etc. You will come to see that I am right.

4. A final word about education:

a. A solid, liberal arts education is not designed to make you the highest earner you can be. It is designed to expose you to a wide breadth of thought so that you can learn to think independently and develop mental models of how the world works in different ways. This will help you to be more successful in many ways in your life. Financial success is just one byproduct.

b. Those that think that Kiyosaki’s seminars are a great value because they “change the way you think” and that they’ll soon make all that money back are so deluded that it’s questionable whether ANY kind of education will help them.

Anyone who spends $10k plus learning how to make money clearly needs their head examined. Here’s some free advice from someone who interfaces daily with some of the wealthiest citizens on the West Coast: Most wealthy people are EXTREMELY thrifty. Yes, they can (and sometimes do) spend huge amounts of money, but they are, almost to a person, keen judges of VALUE. They would never spend a penny on anything unless they had a clear and concrete idea of exactly what VALUE they are getting out of it. They would consider Kiyosaki’s seminars a blind act of faith with their money, and the would never go.

To those who have attended these seminars, have you truly received value from them? What was it? And don’t tell me that it changed your thinking. That’s what any good salesman will do. What CONCRETE value did you get? Was it really worth the price? The best financial advice I’ve gotten has all been free. Want to really learn about business? Go to the Berkshire Hathaway website and read Buffett’s letters in the annual reports. You’ll learn more there than Kiyosaki could teach you in a lifetime.

What did Shit-a-saki said? “well guys, you didn´t make any money but you gained experience”.

come ooooooooooooooooooooooooooooooooooooooooooooooooooooooooon!!!!

If I want experience I got to business school!!!

And, for the guys up there saying that Thierf-a-saki does not say “leave school, it´s useless”… that´s rubbish!!!!

This mother fucker laughs at college students saying
1) college is for hamsters
2) college teaches to work for a boss

Wake up, dickheads!!!!

- John Reed: west Point graduate + Harvard MBA
- Robert Bastardsaki: sez to read Trumps bookz. LOL!

I d rather go for a guy trained in one of the top 10 universities of the world that listening to a gravy-dyed-hair-chinese.

any one with a little more than one neuron can realize what this thief says.

“instead of spending your money on consumer goods, save it to invest it in something profitable”.

Fuck you man!!!! $16 is way too much to get that shit.

By the way, Kiyosaki can tech nothing about business and finance from the moment he messed it up in his first investment (nylon wallets) and in the second one got screwed up by his partner!!!

Oh, and by the way… this prank got his fortune from selling his wrapped shit in books like “if you want to bee happy dont go to school?”

There´s no way you can listen to a guy that tells you “if you go to bankruptcy, do it big time”. Maybe in US the Government covers your outcomes (in fact, I think it does… and does not you allos to use plastic or checks for 5 years). But in my country, argentina (a third world country) if you go on bankruptcy you get your ass fucked.