The Simple Dollar on Robert Kiyosaki
Trent gets it right, though probably doesn't even go quite far enough in condemning Kiyosaki. I recommend John T. Reed's overview of Kiyosaki, and Einzige's extensive series on John Burley (who has occasionally teamed up with Kiyosaki).
UPDATE (January 30, 2007): Mike Linksvayer has been prompted to comment on Kiyosaki, and his remarks are well worth reading.
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6 comments:
I agree that Trent seems to have taken on Kiyosaki with kid gloves.
You must have some reason to criticize anything . Would like to know what are your opinions on it rather than pointing to someone else's misinterpretations.
Gagan: What "misinterpretations"? Be specific.
I read _Rich Dad, Poor Dad_, and my opinion is similar to Trent's and John T. Reed's. Kiyosaki strikes me as a huckster who makes his money from selling his platitudes, not from doing what he claims others can do. It's very similar to how many of the wealthiest Amway distributors made their money--from selling "tools" to their downlines, rather than through the Amway business.
Gagan, your blog points to this letter from Kiyosaki in response to Reed. That letter doesn't really respond to any of the specific criticisms Reed makes--for example, it doesn't respond to Reed's point about Kiyosaki's false tax claims, or that "rich dad" is a fictional character.
Something tells me that gagan won't be back.
Based on his blog, he's the worst sort of true believer - on a par with my favorite über-Burleyist, Robyn Grinter.
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