Rich Dad, Poor Dad Review - Lies and Deception Within
It's my honest opinion that "Bob" Kiyosaki is nothing but a clown in the financial porn circus. Perhaps, I gave the climactic ending of my message ahead of time. Perhaps.
After many references in the podcasts, I decided to read this "great" book. It was only thanks to my self-determination that I pushed through this horrid piece of pseudo-advice oriented to the ignorant and gullible. I felt that I needed to finish it in order to criticize it.
This is nothing but another "get quick rich scheme" with some insipid inspirational content based on lies. It reminded me of Phil Town's "The Wolf" fairy tale, where a rich man - perhaps also member of the Illuminati - gives him the secret to become wealthy. The argument based on inspiration is mute.
I could expand my message by pointing out -within my limited abilities - the many errors, omissions, and ridiculous advice contained in the book, but this has been masterfully hashed out by other great blogger and authors. However, I will highlight that inspirational advice based on lies is useless, and will caution readers against following "Bob's" advice for it may land you in jail.
Additionally, the worst part is perhaps his condescending view towards hard work and education. This is a toxic message. Au contraire, it is -partially- thanks to educated and hard working people that this world is a better place. The main cognitive dissonance contained in the book is where he refers to a "rat race", when in reality it is his message that creates the real rat race. The path to financial independence if paved with hard work, education, honesty, frugality, and commitment, not by exposing the secrets of the rich.
As noted by others, this is a self-induced apoplexy by book reading. It's nothing than a potpourri of stolen ideas sewed together with fairy tales. I'm not impressed he built an empire based on dishonesty, there are many other ones out there.
For additional information, see Mr. Reed's page.
Well, this review may be a little harsh, but it's done with good intentions.
Best wishes,
F
Other Books
The Elements of Investing: Easy Lessons for Every Investor
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing
The Bogleheads' Guide to Investing
The Bogleheads' Guide to Retirement
The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns by Jack C. Bogle
Making the Most of Your Money Now by Jane Bryant Quinn
The Smartest Money Book You'll Ever Read: Everything You Need to Know About Growing, Spending, and Enjoying Your Money