Comments on: Myth Dad, Pyramid Son

By: Zeke

Zeke — Sun, 10 Jul 2011 16:55:03 +0000

I commented here when I was a young and crazy teenager under the name “gagan”. Reading my comments again, I can’t believe how stupid and unreasonable I was. That was my reaction with my first encounter of criticism about the first book I loved.

Now I really do see how unrealistic and misleading the book is.

Thankfully, I’ve read a lot more books such as The 7 Irrefutable Laws of Small Business Growth and The E-Myth Revisited. I now consider criticism really useful in selecting the books I’ll read in the future. I simply hope I’d be able to discern good criticism from bad.

Thank you for writing this article years ago and for your response.

By: Assume=Ass-You-Me

Assume=Ass-You-Me — Sun, 21 Feb 2010 23:00:41 +0000

“but then he doesn’t advise people to learn or earn by selling, as far as I can tell.”

This shows why people like you never get anywhere and start up hater blog posts about people who are far more successful than you’ll ever be.

He worked for Xerox to learn how to sell, just as his Rich Dad advised him. Maybe if you had the balls to ask him for an interview, stop by the Rich Dad offices, or even read his books, you would’ve already saved yourself from this false and embarassing assumption.

And he never worked for Amway you idiot.

Would love to compare your financial statement to his. He makes more money from his real estate and oil & gas partnerships than he does from the Rich Dad company.

Gets your facts straight before making an ass out of yourself.

By: Dan

Dan — Wed, 04 Jun 2008 19:19:46 +0000

Mike is on the money. The fact that the book is “inspirational” is no excuse. In many cases, it will “inspire” folks to do all they can to follow the steps laid out by Kiyosaki — which are non-specific, overly optimistic, and in some cases border on unethical and illegal. His book (which I’ve read on the advice of family and friends) reads like an instruction manual with very little consideration of the prevailing economic environment at that time that these “deals” are supposed to be undertaken. As an informed reader, I have nothing against Kiyosaki — because I’m not foolish enough to fall for his advice. But I am deeply offended and concerned about those folks who take his advice without true understanding of its impact.

A fantastic salesperson with a poor product is a dangerous combination.

Dan

By: gubmintmole

gubmintmole — Thu, 31 Jan 2008 17:35:27 +0000

I’ve always heard all the testimonials of RDPD, and read some of RK’s boasts about how he made so much money in real estate, but NO WHERE have I ever read a step by step description of HOW he searched for the property, how he financed the property, how he sold the property, etc.

If he really did all this stuff in the past, why not share specific examples?

By: Mike Miller

Mike Miller — Sat, 18 Aug 2007 16:28:27 +0000

I’d like to know if Robert Kiyosaki ever was a distributor for Amway or Quixtar. He has lots of cds endorsing Quixtar and other network marketing companies. That doesn’t mean he ever sold products. I’ve heard from two different blogs saying he got his wealth from Amway, I’d like to see his compensation for training Amway people versus his compensation for selling the rich dad name. He constantly talks about how he endorses the educational team part of network marketing and what it can do for building residual income. If anyone has any truthful information please let me know.

By: Woking my way out of the rat race.

Woking my way out of the rat race. — Wed, 27 Jun 2007 21:01:23 +0000

In my opinion after reading RDPD and The cashflow quadrant, they’re excellent motivational books. After reading them though, I had some suspicions that “Rich Dad” was a fictional character. After some searching on the net about Kiyosaki, my suspicions were definitely confirmed. Initially, it’s a little annoying that we’re being lied to about “Rich Dad”. It’s also a bit annoying that nobody can confirm any of his real estate transactions, nor any of his corporations that he says that he started with his friends and investing partners. he does appear to be a fraud regarding his true past.
However, his books do stimulate financial thinking and motivation, along with pushing the basic concept of “attaining money making assets that bring you an income” instead of “working for the man”. As a small business owner myself, I can attest to some of his thinking and support his ideas of “building financial intelligence” and “getting out of the rat race and getting on the fast track.

By: raskolnik

raskolnik — Fri, 01 Jun 2007 06:23:58 +0000

Helloooo!

I don’t have a theory explaining why anyone smarter than me would find anything valuable in Kiyosaki.

kiyosaki has a name for people like you. go find it! you’ll find it valuable

By: But Then One

But Then One — Tue, 29 May 2007 17:43:51 +0000

well..

personally I think the problem is this. The book is inspirational, NOT technical. People are saying RDPD has no value well of course! It MOSTLY brings inspiration to the average person. And THAT is valuable. How many best-selling technical books out there can create this kind of drive for an average person to study investing? How many did John T Reed inspire to establish financial education? Though, I believe he writes substantial technical books.

He inspires us to look where we are and choose our own path.

He just encourages financial education. He still values professional education.

Please respect the family’s decision not to expose the identity of Rich Dad. If I was rich dad I probably wouldn’t let anyone know me. Why would anyone want that much publicity?

I think he does not undervalue risks. There is always risks. One is risky, the other is not risky but both still has risk. And obviously having financial education is MUCH LESS RISKY, than having none.

He prefers to teach, which I think is more satisfying to him btw, instead of solely continuing his career. What’s wrong with that?

Just look at the testimonies of people who gained from that book. I see a lot. I personally know living testimonies. Never mind the opinions of those who misunderstands the purpose of the book.

By: Nothing personal Mike

Nothing personal Mike — Tue, 29 May 2007 09:55:48 +0000

To everyone if you feel let down by opinions, I only have one thing to say.
Go to amazon.com and read reviews on rich dad poor dad.

By: Nothing personal Mike

Nothing personal Mike — Tue, 29 May 2007 05:07:41 +0000

It wasn’t pretend. I let my little bro read it and let him write. We were just having fun picking on you. If I WAS pretending a conversation I at least would wait weeks later so I could attempt to fool you.haha =)
But dude, really I have nothing against you.
I even agreed with the other things you said and you are OK. But that statement is just plain arrogant, you know. In case you missed it, I just thought you should know. I’m not trying to make you look bad or anything.
Anyways, take care Mike.