The Monopoly Game Philosophy

[Spencer Herrick]

For those of you who have not read any of his work, Robert Kiyosaki is an established Hawaiian entrepreneur and author of financial planning. If you have never read his most popular novel, "RICH DAD POOR DAD", I highly recommend you do. It really digs though some of the falacies of personal finance and gives a better understanding of the time value of money. For those of you that have read some of his works, I'd like to hear your input on the Monopoly Game Philosophy. As a strategy to purchase real estate, just like in the board game, you purchase "4 green houses", and then replace with one "Red hotel." Though this sounds childish in its description, Kiyosaki's rich Dad stuck by this in his novels. Is it a good formula? Does this concept hold water in today's real estate market?