Even just being an employee, there is a risk of being fired or being lay-off. The risk will always be there, everything we do there is a risk. I knew the risk involved in dwelling into a restaurant, but i will never learned the things I've learned experiencing it firsthand, just by reading books. This is the same thing in business, we tried to learn everything in order for us to be equip in challenges that we might encounter. We studied everything that we think will help us finding a job after we left college, but in reality only few of those what we study will be used. There are tools we will be needing to be financially free, just like in school.
I have been in restaurant before but it didn’t succeed, but, I am glad I tried it not because I lose money but because I learned new things that I may/may not use in my future investment. If you went broke, at least you learned something from the things you loved doing, and hopefully having that experienced to strengthen your foundation. He said he loved real estate and stocks that is why he chose that as his vehicles, but he advised that it is for you to decide what you want, in order for you to Love what you are doing. The main idea of the book is "FINANCIAL INTELLIGENCE", learning the tools/skills you'll need to be financially FREE! The book didn't say invest in real estate or do this and do that. RICH DAD POOR DAD is not a step-by-step tool in getting rich (go to your nearest Do-It-Yourself store if you want one) but, more on as an eye-opener, motivational book in order to be rich(I didn't choose the word SUCCESSFUL because their different, RICH pertains to money, while SUCCESS pertains to one's goal). RICH dad may be a fiction or he may have failed in business, but it does not lessen the idea that the book is GREAT! AMAZING! I think most of his critics is trying so hard to miss the message of the book. I don't care if rich dad really exist or not or if he failed in his business before. Honestly, it changes everything, my perception in life. I only read one of his book, RICH DAD POOR DAD. Reading criticism about RK works, I have realized one thing in common, they all pointed out about his background. If you have any experience with Robert Kiyosaki or their products, please leave your reviews below. Overall, Kiyosaki’s financial advice is best served to those that have money but have not begun investing and are looking to explore their options.
Even the existence of the “Rich Dad” in his book has never been factually verified. His own success as a businessman and investor prior to the Rich Dad Poor Dad phenomenon is always questioned. In response to his criticism Robert T Kiyosaki has stated that his materials are designed to motivate people to think differently about money not give them a step by step guide to wealth.įurthermore he is constantly criticized for exaggerating facts in his materials. He advocates high risk investments as the path to wealth and discourages investment in securities and mutual funds.Īlthough he has had great success as a motivational author and speaker much of his financial advice has been highly criticized and in some cases deemed dangerous.įor instance Robert T Kiyosaki has said that’s its better to stick with a few good investments rather than diversifying or investing in a 401k.Īt the same time he has been quoted in articles giving inaccurate financial advice. Robert T Kiyosaki teaches his main philosophy of generating a passive income through real estate and small business ventures. His company is based around the sales of his literary products and CASH Flow game products. Since the Success of Rich Dad Poor Dad Kiyosaki has started his most promising business venture, CASH FLOW Technologies, Inc.
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