John T. Reed's analysis of Robert T. Kiyosaki's book Rich Dad, Poor Dad
let Kiyosaki and some other speakers take over the business. They promptly emphasized the Australian and New Zealand markets which have at times in their history overvalued productsand services from the U.S.Their run in Australia ended when the Australian equivalent of
did an expose about Money and You.Basically, it appears that Kiyosaki is a good salesman, although we sort of have to take his word for it pending confirmation from Xerox. Good salesman is the universal description of allthe expensive so-called real estate investment gurus. They are
guys. Apparently Kiyosaki is yet another example.This caller also said that Kiyosaki’s wife Kim appears to be the one who invested in Phoenix real estate. “Bob” appears to be the Ralph Kramden (main character of theHoneymooners TV series) of the family, perennially hatching one-hare-brained get-rich-quick scheme after another (like Kiyosaki’s Money and you, velcro surfer wallets, and Rock T-shirt businesses) whilehis wife invests in basic stuff. I am not ready to annoint her a financial genius. One would have to inquire as to whether their real estate investments in Phoenix appreciated more than thoseowned by the average person. Most likely, they made the same return on their propertties as Joe and Jean Average Phoenix homeowner. If so, they would be as quaified as Joe and Jeanhomeowner to write a book about it.Reportedly, Kim got the idea to invest in Phoenix real estate from a female fellow employee of Money and You who said the Phoenix market was going to be good. That female Moneyand You employe is the one who should have written us a book on real estate investment.
may be the brains of the outfit if Kim did not add any value to her advice.The guy who called me has the impression that Kiyosaki’s tortured psyche and insecurities stem from growing up as an obese kid in Hilo in the 1950s. Since he did not know Kiyosakiuntil the military, that information must have come from Kiyosaki.
No more Bob
Kiyosaki went by Bob for most of his life. Since he became the famous author, he insists that everyone call him “Robert.” Sure, Bob.
investigation of Kiyosaki
around then. Basically, they gave three people $1,000 each and told them to try to start a business that wouldshow a profit within 20 days. One lost all he money. Another made zero. The third made $243.Kiyosaki was brought in to coach them and to advise them during the 20 days. Based on the article, it sounds like about all he did was whine about the three would-be entrepreneurs, theshort time frame, and so forth. He also pronounced their failures a success—typical Kiyosaki logic—because they learned from them. The ABC
story ends with,“Which begs the question: Does anyone really need 18 books to learn to fail?”Obviously, Kiyosaki has sold 26 million books on the promise that they would help you
. Then, when people who have been personally coached by him fail, he blames them and,like the Queen in Alice in Wonderland, declares their failures to be successes.I guess it would be too much to ask for him to admit, “Gee, my advice was of no value to these three.”If I had been asked to participate in such a challenge, I would have said I have no expertise in telling anyone how to make a profit with $1,000 in 20 days. I do not know how I would havedone that if
had been given the money. Probably try to buy something for less than market value then ressell it closer to market value at a flea market or on eBay or osme such.It would be interesting for
or a similar program to give $1,000 to Kiyosaki himself and let
show how to turn it into a profit using some method open to his readers. Youwould have to have a microscope on him every second and prohibit any undisclosed actions or conversations to prevent him from using methods
available to his readers.What business has Kiyosaki ever made a profit in? With regard to his 26 million books, he is not a businessman. He is only an author. The businessmen generating those sales and profitsare his
http://www.johntreed.com/Kiyosaki.html (3 of 42)13-09-06 4:12:19 PM