I've read Kiyosaki a lot. RDPD was the book that actually turned me on to starting a business and living differently than everyone else. I've read most of his books. I didn't pay for them. I borrowed them from the library or listened to them on YT.
He made money by being an entrepreneur. He started a wallet business which was crap. He bought real estate as investments (big win). He created the Cashflow Quadrant board game (why a board game??). Then, he wrote Rich Dad, Poor Dad to build his brand and actually sell the board game. The board game never took off, but his book sales did. So, he wrote a bunch of books. Built a team of Rich Dad's Advisors who also wrote books. Started doing seminars and selling those seminars/workshops around the country. He now has underlings who go around the country and do the "Want to get rich in real estate?" workshop circuit for "free admission."
As for my thoughts on Kiyosaki. Did he lie about his backstory and upbringing? Probably... maybe not... who gives a shit? Honestly, who cares what his backstory is? I think he has brought tremendous value on business education through his books. I think he has great principles in his books that are important for someone to distinguish themselves from the Scripted dogma. Such as, the rich don't work for money, don't trade time for money, start businesses/investments for cash flow rather than revenue, and you don't need to go to school to start a business and make money. Also, understanding asset classes and the cashflow quadrant was valuable to me. So, I believe his teaching has an upside.
If I read MJ's books and found out he never drove a limo or worked at a limo company before he started an online limo service, would I care? No. Who gives a shit what the backstory is? MJ's principles are great! So, I find a lot of value in his books because of the content.
His advisors' books were good reads as well. Especially the one on taxes and the one on real estate investing. Watch out, though, after RDPD and Cashflow Quadrant his books were just rehashes of those two books.
So, I would say read Rich Dad, Poor Dad and Cashflow Quadrant. Read his RD Advisors' books if they interest you. Then, just stop there. Don't buy anything else. Don't buy any of his new books because they are the exact same material as his old books. Don't do any courses or seminars because he never goes in depth enough. Go get the books from the library and don't pay for them unless you feel the need to do that.
He made money by being an entrepreneur. He started a wallet business which was crap. He bought real estate as investments (big win). He created the Cashflow Quadrant board game (why a board game??). Then, he wrote Rich Dad, Poor Dad to build his brand and actually sell the board game. The board game never took off, but his book sales did. So, he wrote a bunch of books. Built a team of Rich Dad's Advisors who also wrote books. Started doing seminars and selling those seminars/workshops around the country. He now has underlings who go around the country and do the "Want to get rich in real estate?" workshop circuit for "free admission."
As for my thoughts on Kiyosaki. Did he lie about his backstory and upbringing? Probably... maybe not... who gives a shit? Honestly, who cares what his backstory is? I think he has brought tremendous value on business education through his books. I think he has great principles in his books that are important for someone to distinguish themselves from the Scripted dogma. Such as, the rich don't work for money, don't trade time for money, start businesses/investments for cash flow rather than revenue, and you don't need to go to school to start a business and make money. Also, understanding asset classes and the cashflow quadrant was valuable to me. So, I believe his teaching has an upside.
If I read MJ's books and found out he never drove a limo or worked at a limo company before he started an online limo service, would I care? No. Who gives a shit what the backstory is? MJ's principles are great! So, I find a lot of value in his books because of the content.
His advisors' books were good reads as well. Especially the one on taxes and the one on real estate investing. Watch out, though, after RDPD and Cashflow Quadrant his books were just rehashes of those two books.
So, I would say read Rich Dad, Poor Dad and Cashflow Quadrant. Read his RD Advisors' books if they interest you. Then, just stop there. Don't buy anything else. Don't buy any of his new books because they are the exact same material as his old books. Don't do any courses or seminars because he never goes in depth enough. Go get the books from the library and don't pay for them unless you feel the need to do that.
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