Monday, June 04, 2007

Robert Kiyosaki

Mr. Robert Kiyoski is very popular in Quixtar Motivational Organizations. His books, specially Rich Dad, Poor Dad, are considered great financial advice for IBOs.

He has written 18 books which combined have sold over 26 million copies

And

Three of his books, Rich Dad Poor Dad, Rich Dad's CASHFLOW Quadrant, and Rich Dad's Guide to Investing, have been on the top 10 best-seller lists simultaneously on The Wall Street Journal, USA Today and the New York Times.

His history in Wikipedia

Kiyosaki left the Marine Corps in 1974 and got a job selling copy machines for the Xerox Corporation. In 1977, Kiyosaki started a company that brought to market the first nylon and Velcro "surfer" wallets, which grew into a moderate success. In the early 1980s Kiyosaki started a business in which he licensed T-shirts for Heavy Metal rock bands but the business failed and he allegedly had to declare bankruptcy and ultimately became homeless.[4]

 

Kiyosaki became active in a personal growth seminar, called "Money & You", which was started by Marshall Thurber. These 3-1/2 day seminars were taught around the US and Canada. The premise of the seminar was teaching the works of Buckminster Fuller and promoting the concepts of win/win and personal responsibility. When Thurber gave up the business in 1985 Kiyosaki took over the seminar business with Thurber's former partner, D.C. Cordova. They taught the course to a large number of students primarily in Australia and New Zealand. In 1994 at the age of 47 he shut down the business because of adverse publicity in Australia and "retired". Around 1996–1997 he formed Cashflow Technologies, Inc. which operates and owns the Rich Dad (and Cashflow) brand.

So he failed in business in eighties, started seminar business motivating other people and became successful. Good for him.

Criticism (Source: wikipedia)

Detailed analysis of public records (including SEC and county registrar of deeds) find no evidence to support Kiyosaki's status as a successful investor and businessman prior to the formation of his present venture, Cashflow Technologies, Inc. They claim that his wealth has come as a result of selling books and audio presentations about topics he has not personally succeeded in and that he is probably worth far less than the US$50 to US$100 million he once claimed in an interview.[citation needed]

Kiyosaki's books and teachings have been criticized by some for having anecdotal lessons, but lacking concrete advice on what exactly one should do.[13] Many readers find his work highly motivational and educational, but some find it lacking information to put it to use. Kiyosaki responds that his material is meant to be more of a motivational tool to get readers thinking about money, rather than a step by step guide to wealth. He also says the books are supposed to be "interesting" to people, which precludes involving a lot of technical material.[14]

Conclusion

Am I stopping you to read his books or causing it completely useless? HECK NO! They're what they are: Motivational material. They've been best sellers. But so are Lord of the Rings and Harry Potter.

They may motivate you and bring great success to you. But I'd rather read books with technical content on it, some thing more than "motivation".

Please let me know if any of above is not correct. I'll update it and I'll encourage you to update wikipedia as well if you have solid facts contrary to what is there.

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12 Comments:

At 6/04/2007 05:48:00 AM, Blogger Amway and Quixtar - an opportunity for anyone said...

pretty much impossible to judge somebodies investments through something like SEC and county deed filings. Anyone who thinks otherwise is extremely naive in the ways of business.

AS for his books, they're increasingly repetitive, but each new one normally has one or two good new ideas. However, IMO, they're not about "techniques" or "motivation" and never have been, they're about making you think about the way you think. And in that they do an excellent job.

The Truth About Amway and Quixtar

 
At 6/04/2007 12:34:00 PM, Blogger Loser said...

Lord of the ring is making me think of doing great wonderful things, unite my relatives and ride horses.

 
At 6/18/2007 09:55:00 AM, Anonymous Rich Dady said...

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Additionally Rich Dad offers Audio Sets and the educational games CASHFLOW® 101 & 202 and CASHFLOW® for Kids™.

With the phenomenal success that Rich Dad® is enjoying, we would like you to participate in spreading the message.

Join the Rich Dad Affiliate Program and you can receive generous commissions on the sales you generate through your blog.


****

 
At 6/25/2007 01:06:00 PM, Anonymous Anonymous said...

Robert Kiyosaki made his millions in real estate, not through Quixtar!

 
At 8/20/2007 09:05:00 PM, Anonymous Joecool said...

I wonder how much wealth Mr Kiyosaki would have if not a single IBO had purchased his books?

 
At 12/18/2007 01:05:00 AM, Blogger LUCHADOR said...

i think its funny a bunch of broke dudes are "fine tooth" combing a millionaire by saying thinks like his books are repetitive...

he used principal

DUH!! did you do any of it?

did you even unite your relative and ride horses?

principals never change methods always do.

 
At 2/13/2008 12:57:00 AM, Anonymous Anonymous said...

Principals? You mean PRINCIPLES!

Quixbots are idiots.

 
At 3/07/2009 08:35:00 PM, Anonymous Anonymous said...

Rich Dad advertises - come spend one night learning about real estate investing, free seminar! This was the bait, 30 min into the 3 hour seminar it was a big sale. Come to the next 3 day intense training for the low price of $495.00. That is if you act that night! Otherwise over $1,000 for this special training. (Any training that has a time limit on the good deal - bad idea!).

I Purchased the 3 day seminar on Real Estate training and Wealth Building program for $495.00.

This was advertised as an intense 3 day program learning about real estate investing but turned out to be a stressful 'car dealership' sales tactic. You must purchase the software, (free w/ any $10,000 or more training and/or $1200 w/ $45.00 a month to keep software updated) and a mentor. They made you feel that you could NOT do any real estate investiment without a mentor and further advanced training - at one of their other seminars. These packages that include the software, mentor, and advanced training was an upward of $45,000.00. And only could have been purchased during the seminar at that discounted price. No testimonialsl, statistics with student success, real estate portfolio of the instructors or mentors, and no money back guarentee of any kind! Dont waste your time - buy a How to book from a reputable author who will disclose this information. Pay someone to mentor you instead!

 
At 5/28/2009 01:19:00 AM, Anonymous Anonymous said...

Rich Fag and his company Bullsh1t Technologies are baiting suckers and taking them for a ride. There is no easy way to get rich. period.

 
At 10/05/2009 08:34:00 PM, Anonymous Anonymous said...

So many people online seem to be critical of Kiyosaki. It strikes me as sour grapes.

If you paid $495 for a seminar YOU are the idiot, not Kiyosaki.

Kiyosaki doesnt promise anyone to be rich, its lazy dumbasses that give this motivational speaker a bad name.

At the end of the day, nobody is forcing you to buy his products or his books or advice.

If you want to be rich nobody can help you except yourself.

And to the anonymous clown, there are plenty of ways to get rich fast. You just don't know them because you are retard.

The difference between the rich and poor is that the rich work hard and get on with their work, while the poor just bitch about how bad they got it and blame everyone whos is successful for their own shit lives.

Kiyosaki doesnt need anyone's approval.


Get off your ass, put the crack pipe down and sort yourself out before attacking some dude who is already rich you stupid cunts.

 
At 11/23/2009 08:55:00 AM, Anonymous Anonymous said...

Almost everywhere in the world most people are lower middle class.
Why? because of lack of financial literecy.
Who teaches finaancial literacy in schools? just nobody.Thats why people are jobless and homeless but word literate.
So my dear think twice and read books of him.

 
At 11/03/2010 07:47:00 PM, Blogger JEFF said...

The reason you can't find any property records is because they only keep records on line for a limited time. Back in 2002 I looked up Roberts Records in the Arizona state web sight and found some. I remember one was a house in Phoenix and it was in his own name at the time and was sold for about $50,000. He financed it and had a title company service it. I remember looking at the documents and saw that after 2 years, the new owner defaulted on it and the title company was filing to forclose on the property.

The other comment I wanted to post was that I started to study his books, CD's and join his cash flow game clubs. I did not do anything for 3 years and then after I got a good education, I found my self leaving my job, starting my own business and now I have 6 properties.

 

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