Comments on: Is Robert Kiyosaki a Fraud? Examining the Evidence

By: Kalen Bruce

Kalen Bruce — Wed, 28 Nov 2018 04:01:29 +0000

In reply to H. Meinsma. There are many schools of thought on this. Many people believe our education system includes little to no finance teaching so that we have the workers for factories, construction, etc.. I'm not sure if that's what you're addressing here. I think we will always have income classes, and workers on every level.

By: H. Meinsma

H. Meinsma — Sun, 25 Nov 2018 00:40:27 +0000

One simpel question: When nobody is working for money anymore, who is baking the bread and building the houses and working in the hospital?

By: Kalen Bruce

Kalen Bruce — Mon, 19 Nov 2018 07:40:31 +0000

In reply to KK. Yeah, I like some of his books, but that's as far as I would go.

By: Kalen Bruce

Kalen Bruce — Mon, 19 Nov 2018 07:38:29 +0000

In reply to Mel. Agreed! The books are pretty good from Rich Dad, but that's as far as I would go.

By: KK

KK — Wed, 14 Nov 2018 21:39:26 +0000

This guys is trying to sell this thing called “Cash flow ZONE” investment strategy. I watched the video which is longer than 1 hr and nothing about the strategy is revealed other than “YOU MAKE MONEY WHETHER THE STOCK PRICE GOES UP, DOWN, OR SIDEWAYS”. In the end, they ask people to pay $5000 to get the strategy which would pay us about $1000 – 10000 per WEEK. AND they claim that it’s not a ‘get rich quick scam’. PRETTY FISHY HUH. Rob Kiyosaki or whatever his name is a fraud as far as this strategy thing is concerned. “All the rich people are using this strategy to make a lot of money”, he says. OFC some rich people are going to profit from any investment strategy and some will lose money. $5000 for a subscription to learn how to invest? WTF man

By: Mel

Mel — Tue, 13 Nov 2018 17:28:22 +0000

Ive read many of his book and Rich dad poor dad had a huge impact on my finances and mindset. I always recommend his book but always tell people take what u can from it but dont take everything literally and intell them never go to those seminars because they’ll get u to pay n pay for advice. Just read the book n take a couple of nuggets from it then move on to other books. I must say though, i love his books n it change my way of thinking. Btw, we now have a home with a legal apt done and we have invested in 2 condos to be use as a rental properties. Off course we didnt learn everything from Kiyosaki but it definitely ignited our interest in building wealth.

By: Kalen Bruce

Kalen Bruce — Sat, 03 Nov 2018 06:08:09 +0000

In reply to Dalton. Not that I know of.

By: Vlad

Vlad — Tue, 30 Oct 2018 19:12:22 +0000

In reply to Hank. MLM is by definition the same thing as a pyramid scheme, genius

By: Dalton

Dalton — Tue, 16 Oct 2018 15:21:29 +0000

I need to know if Robert Kiyosaki did check fraud because I’m searching people who did check fraud, and I was going use him as a person who did check fraud.

By: Kalen Bruce

Kalen Bruce — Thu, 27 Sep 2018 10:11:04 +0000

In reply to John Harris. I see your point, and I think you're right about there being other teachers (with more integrity) who teach the same principles. Thanks for adding some info here! I was aware of some, but not all of what you shared.

By: John Harris

John Harris — Fri, 14 Sep 2018 16:18:08 +0000

You are correct on the point that Robert Kiyosaki has some good material. Just because some of his strategies (four quadrants, multiple streams of income, etc.) are good advice doesn’t mean that you can’t find them elsewhere. You have some great resources listed on this website from people of character who teach some of the same principles and strategies as Kiyosaki. There are many more as well.
Instead, the question to be raised is about consistency and integrity, both in the public eye and outside of it. Kiyosaki has destroyed relationships with his key advisors and business partners throughout the years, especially those who helped him get where he is today. Some of his former “Rich Dad Advisors” and Sharon Lechter, his original business partner and co-author of many of his books, have plenty of stories (and a lawsuit!) about his fraudulent behavior. He has also encouraged people to make poor investments based on the strategy of using debt to extremes to create wealth. Hundreds of millions of dollars were lost in the real estate market in Arizona during 2005-2010, some of which was based directly on Kiyosaki’s advice to “leverage debt” and buy investment properties there. Lastly, there is compelling evidence that the story of “Rich Dad” itself is a fabrication. It appears that there was no “Rich Dad” to begin with, but a compilation of people that Kiyosaki has known or studied over the years.
Here’s the bottom line: if you have to wade through the bad strategies and advice to find the good material, this is definitely an inefficient and unwise way to spend your time and money, especially when there are others who teach better strategies with integrity. Furthermore, if an author doesn’t live up to the advice that he teaches, maybe it is better to avoid this so-called “expert.”

By: Kalen Bruce

Kalen Bruce — Wed, 12 Sep 2018 09:54:25 +0000

In reply to Andrew Meyer. I agree wholeheartedly! Those 3 principles are something to live by for sure. Buying assets, not liabilities, is the main focus for finance, in my opinion.