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Updated over 8 years ago on . Most recent reply

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Abdul Azeez
  • Real Estate Investor
  • Monroe Township, NJ
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Rich Dad Poor Dad - Is this authentic?

Abdul Azeez
  • Real Estate Investor
  • Monroe Township, NJ
Posted

Folks - This may be a bit off-topic but I was just curious. I have read a lot over the last several months since becoming a BP member. One of the books I would say was eye opening was Rich Dad Poor Dad by Robert Kiyosaki. Since then I have gone ahead and borrowed from the library other Rich Dad books - Retire young - Retire Rich, Cash flow quadrant and Guide to Investing by the same author. I find the books very interesting but do find at times that the author swims out of his depth by talking about Options trading strategies etc. I really do like the books but I have also recently learnt that the whole thing could be a work of fiction as in there was no real life Rich Dad in Robert Kiyosaki's life. I do think the books make sense but if such a foundation which is essential to all his books is questioned, am I on a slippery slope in reading these books and rationalizing with the advise provided? Thoughts?

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Ali Boone
  • Real Estate Coach
  • Venice Beach, CA
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Ali Boone
  • Real Estate Coach
  • Venice Beach, CA
Replied

I'm a huge Rich Dad fan. In my opinion, whether the story is fact or fiction doesn't matter. It's about the principles. I can honestly say that I wouldn't be where I am not (which is awesome, in my opinion) without his books. Even when I started my own business, I wouldn't have survived the initial few years of it had it not been for a few key points of his advice. I think no question he's the best source of information about passive income and how it really works (and should work).

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