Comments on: Rich Dad, Poor Dad: Three More Lessons

By: hapa

hapa — Thu, 18 Sep 2008 15:03:13 +0000

I don’t agree with #6, most people do want to start their own business, but the daily job, bills, prercieved security, and the paycheck prevents them from doing so. I know for a fact that if a person is given the opportunity to start their own business they would and drop that 9-to-5 in a heart beat. Its not insulting to say people are hamsters, its the truth, and no one wants to hear the truth. Jack Welch made millions and most people don’t make that kind of money so to compare the everyday worker to Jack Welch is a bit off base. Bottom-line, the lessons of Kiyosaki are very good, what you do, how you perceive them, are all a matter of opinion.

By: Erick Correal

Erick Correal — Sat, 26 May 2007 06:50:41 +0000

Kiyosaki not owning properties under his own name (as a matter of public record) does not mean he hasn’t purchased those properties. I learned that you can make purchases under your company or trust as a clever asset protection plan strategy. I am very sure he has done this.

By: moom

moom — Mon, 09 Apr 2007 01:43:53 +0000

#5 orginally got me to think how to invent money in the stockmarket – you can by writing options contracts and selling futures.

By: Bill

Bill — Sun, 08 Apr 2007 02:45:45 +0000

Critics like Reed point out that the only real estate deals with his name in public records are when he traded up his relatively modest house for a spiffy new McMansion after the book hit it big.

Unless you can verify it (yes, RE deals are public record) don’t believe any of his claims about making money in RE.

By: rhbee

rhbee — Thu, 05 Apr 2007 16:55:46 +0000

I think this contempt factor could have two causes. One, at the heart of just about every sales person I’ve ever studied, is a deep well of contempt for their buyers. I don’t know why this is, maybe it’s because salesmanship seems to have its roots in P.T. Barnum’s dictum about a sucker being born every minute. And two, it could be a self loathing that is caused by the fact that they know they selling you something you don’t need and they know it. All though, RK does seem to care about his readers.

By: Michelle

Michelle — Thu, 05 Apr 2007 13:06:51 +0000

The particularly egregious thing about his point #6 is that it is contemptuous. I have a personal pet theory (which probably means it is an exaggeration) that the single greatest mental “sin” is contempt.

Contempt allows me to trivialize the concerns of those I hold in contempt, to take advantage of them and then shrug off the blame — to shut down my empathy toward an entire group of people.

By: Lisa Knight

Lisa Knight — Wed, 04 Apr 2007 21:31:02 +0000

I was introduced to this book through Amway (run, run away!), so it sounds like a motivational video, because it was meant to be one, he was brilliant in marketing this book…

Kiyosaki managed to make a name for himself, so that #5 was possible. He may have started with real estate etc, but I’d bet that a bulk of his wealth has come from the intellectual side of the business he created.

I’d love to make a real estate deal like that, but I agree it isn’t exactly common place, plus you have to be prepared to take a deal like that. Most people couldn’t (or wouldn’t) even try… If I thought for a minute that I’d learn HOW he did that at a seminar I’d go LOL!!!

By: Alex

Alex — Wed, 04 Apr 2007 19:11:58 +0000

I sort of liked overall message of the book, but, as one of the readers noted, Kiyosaki tries too often to brag about how easy it is for him to make money (Trent gave a perfect example about the “$40K real estate deal made on the courthouse steps”).

By: Mike

Mike — Wed, 04 Apr 2007 17:01:30 +0000

It’s easy to understand why he talks about self-employment and Porsches: Kiyosaki is by his own admission a motivational speaker, not an investment guru.

It also illuminates his intended audience, which is most definitely not those who would be motivated by the frugal satisfaction of owning a modest late model sedan. His book reminds me of the Amway recruiting videos, which show all the island mansions and boats the people at the top enjoy, without any hint of the work involved in getting there.

Kiyosaki does know about what he speaks: He’s taken his intellectual property and made it into a wildly successful brand.

By: plonkee

plonkee — Wed, 04 Apr 2007 16:07:30 +0000

I’m also with you on number 6 trent. Not everyone is interested in working for themselves. Nor is it the only road to wealth.

By: Ty

Ty — Wed, 04 Apr 2007 15:16:57 +0000

I agree with #6. If everyone worked for themselves in this way, absolutely nothing could be done in a productive manner. Business needs organizations, and in turn needs to employ people. Supplemental income, however is another topic.

One thing that bothers me about the book is they try to make it seem so “easy”, but it takes plenty of sacrifice and hard work to become rich.