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Updated about 10 years ago on . Most recent reply

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Gino Forte
  • Investor
  • Miami Lakes, FL
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Rich Dad, Poor Dad

Gino Forte
  • Investor
  • Miami Lakes, FL
Posted

I know that on BiggerPockets everyone says to stay away from the gurus, and I know that everyone here can also relate that the Rich Dad, Poor Dad book is a great book, but would anyone recommend Rich Dad, Poor Dad coaching or no?

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Jeff Rabinowitz
  • Investor/Landlord
  • Farmington Hills, MI
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Jeff Rabinowitz
  • Investor/Landlord
  • Farmington Hills, MI
Replied
Originally posted by @Gino Forte:

I know that on BiggerPockets everyone says to stay away from the gurus, and I know that everyone here can also relate that the Rich Dad, Poor Dad book is a great book, but would anyone recommend Rich Dad, Poor Dad coaching or no?

Not everyone here will agree that Rich Dad, Poor Dad is a great book. It is interesting, easy to read (though not well written), and illustrates some principles in a creative way but it is not entirely accurate. The basic premise of the two Dad's seems to be fictional along with the way Kiyosaki claims he handled his failed company. Using fiction to illustrate a point is fine but it is better to state that is what one is doing than misrepresenting fiction as fact. The book has been cited by many as one of the books that propelled them into real estate investing and if that is true then it has had a great impact. It should not be the only book anyone reads.

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