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Rich Dad Poor Dad by Robert Kiyosaki

Jun. 29th, 2009
in Real Estate
by Elwood Misch

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by Elwood Misch

There’s no other better time to get out of the rat race, if you’re into one, but now. Robert Kiyosaki’s “Rich Dad Poor Dad” will show you how to make money and give you that financial independence you’ve ever dreamed of. The author, Robert Kiyosaki, has been very successful in teaching people on how to get rich for over 20 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.

Robert Kiyosaki has been followed by many because of his practical ways on how to be successful. He’s not the only one teaching it, in fact, he wasn’t the first one to teach and talk about ways to be successful. Rich Dad Poor Dad is just one of the many books that discuss about it. However, around his successes, Robert Kiyosaki has also had some controversies.

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 the allegations about fictional characters, Rich Dad Poor Dad author Robert Kiyosaki does give some sound advice about financing and real estate investing. But, there is also another important point. The information he gives is not new. Robert Kiyosaki is also not the only person who gives out this type of advice. If that’s true, would you want to invest your time or money with someone who has that much controversy surrounding him or who’s been sued in the past?

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