Guru, Book, & Course Reviews
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 16 years ago,
Rich Dad books/CDs - I now have trust issues
When I first read Rich Dad Poor Dad, I had full faith that whenever Kiyosaki cited events from his life, he would not be lying.
I'm not talking about whether or not his Rich Dad was real. I'm talking about specific life events he calls out.
The more of his stuff I read, the more discrepancies I noticed. This one I found particularly interesting:
On "Choose to be Rich" 12 CD set (that you get when you sign up for the $500 seminar), CD 4 or 5 I think, Kiyosaki clearly calls out this event from his life: him and his wife Kim were broke and all they had was $50 left, so they went to some cheap motel and got a room and it turned out to be only $40; so, they went across the street and bought some chicken and beer for the remaining $10.
Kioysaki's wife Kim recently released a book called "Rich Woman," where in foreword she clearly states this: at some point they were broke and they had no money left and all credit cards were maxed out; she went to some cheap motel and gave the receptionist her maxed out credit card, while keeping her fingers crossed that they don't actually run it. The receptionist simply scanned the credit card, but never ran it. After that they went across the street and somehow managed to afford some chicken and beer.
The reason I feel trust issues, is because these are supposedly real-life events that were the "rock bottom" from where they had to learn to invest in real estate. If that really happened, this kind of detail could not be possibly forgotten or get mixed up.
I feel disillusioned because I have a feeling that all the Robert/Kim Kiyosaki books were not written with intent to sell a story and a lesson, but rather with intent to use psychology to pump the next product.
Now that I think about it, this is the path I took:
$25 Rich Dad Poor Dad --> Other Rich Dad books from library (free) -> $160 Cashflow 101 -> Free Seminar -> $500 seminar
I don't regret taking this path because I've learned a lot and it changed my life. I just feel bad because I gave my trust to the author completely, only to start realizing that the "personal true life events" was fiction as well...
I am very happy that I found this website though :)