Rich Dad Poor Dad by Robert Kiyosaki

by Elwood Misch

If you’ve ever dreamed of getting out of the rat race, now may be the time do it. One of the most well known gurus who can show you how to make money is the author of “Rich Dad Poor Dad.” His name is Robert Kiyosaki. And, he’s been showing people how to get rich for probably 20 years. I don’t know about you, but I like to follow others who are successful and the Rich Dad Poor Dad guy has been very successful for a lot of years.

What can Rich Dad Poor Dad show you how to be successful? His ideas are about thinking outside the traditional box. One of the things he teaches us from the beginning is to not think of making money the old way. Yes, he says go to school and get a college degree. That is very important. But, don’t worry about the PhD and working as a college professor. Not that its necessarily a bad thing if you want to be a working stiff the rest of your life.

Rich Dad Poor Dad talks about the true, old tried and tested principles of real estate investing. Robert Kiyosaki’s advice is mostly about smart financing. Which is very timely nowadays that many homes are in foreclosure. According to Robert Kiyosaki, real estate investing is a way to have your brain power and create real wealth.

Finding the right properties, getting creative financing and seriously focusing on financial literacy as well as academic literacy are just some part of Robert Kiyosaki’s teachings. The ways how can one truly understand what properties are good to buy, when to sell and when to hold. These are the things why Robert Kiyosaki is well known.

There are many “how to be successful” help books and teachings, not only in real estate investing, but in life in general as well. Rich Dad Poor Dad is not the first and definitely not the last that talks about ways to be successful. However, just like any other gurus out there, Robert Kiyosaki has also had its fair share of controversies around his successes.

There have been some investigations into whether Rich Dad Poor Dad example stories are really true. There have been questions regarding whether the people he speaks about in his book really do or did exist. In fact, some suggests that the Rich Dad was really made up in order to make the book more believable.

I did not know this until recently, but the co-author of his first book, Rich Dad Poor Dad, sued him in 2007. I, like the author, do not know the reason for the suit, but anybody who gets sued, is sued for something dastardly, I’m sure. Frivolous lawsuits can backfire on you.

Regardless of all the controversies, Robert Kiyosaki does give some sound advice about financing and real estate investing through the book Rich Dad Poor Dad. However, it’s important to note that his teachings aren’t new, and you can always seek some advice from other real estate investing gurus. Whether the controversies are true or not, it is still your call if you want to follow or not follow Robert Kiyosaki.

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