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Rich Dad, Poor Dad
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Babbles
Diamond Member
I've heard tons of bad things about the guy. I decided to at least give him the benefit of the doubt, and once I plopped down on a couch in B&N and read thru a book of his. I thought it was trash; he spent more time bragging about himself - ironically without actually saying anything - and then put up some lofty ideal found in "Rich Dad."
I have a theory in that the truly successful people have a tendency not to write these how-to-get-rich type books. As such, most of what you find in the bookstore will be bunk.
Just to cover myself; yes, there are plenty of great other financial reference type books on the market, but I am specifically talking about things like "Rich Dad, Poor Dad" that essentially say "Buy real estate" but beyond that, they provide little insight.
I have a theory in that the truly successful people have a tendency not to write these how-to-get-rich type books. As such, most of what you find in the bookstore will be bunk.
Just to cover myself; yes, there are plenty of great other financial reference type books on the market, but I am specifically talking about things like "Rich Dad, Poor Dad" that essentially say "Buy real estate" but beyond that, they provide little insight.
Ironic that this game up.
I actually heard the audio tape of the book a few days ago, loved it, then read Reed's site today, and now I see Rich Dad Poor Dad for what its worth. It is definately in the category of motivational/self help books, which I do enjoy. the thing is you have to take them with a grain of salt. Rarely do they give specific information on how to do something, and not every one is going to "be a millionare in 90 days with no money down!"
When you read enough self help books like this guys', you really are better off moving on to more technical stuff like Buffet. No one can start in real estate or business without putting in the work of studying your profession and NOT get eaten alive by people who know they're doing.
I actually heard the audio tape of the book a few days ago, loved it, then read Reed's site today, and now I see Rich Dad Poor Dad for what its worth. It is definately in the category of motivational/self help books, which I do enjoy. the thing is you have to take them with a grain of salt. Rarely do they give specific information on how to do something, and not every one is going to "be a millionare in 90 days with no money down!"
When you read enough self help books like this guys', you really are better off moving on to more technical stuff like Buffet. No one can start in real estate or business without putting in the work of studying your profession and NOT get eaten alive by people who know they're doing.
PrinceofWands
Lifer
50/50 split. There's some common sense advice to it, but it almost totally fails to address individual psychology/personality as it relates to outlook, work, goals, etc. It falls squarely into my category of 'junk motivation'.
Anything to back up your claims?
I can give you RL cases where self help/motivational books have inspired people to take chances and be successful (posted here long time ago in similar threads). Myself being one such example. I would not have gotten into real estate without reading some of the 'stuff' people like to bash here, and I am doing quite nicely in that business thank you. I know others as well...
PrinceofWands
Lifer
I contend that it only worked out that way because of your proclivities. Your personality, psychological makeup, and life situation were of such sorts as to create a framework within which these things assisted you.
Had one (or all three) of those factors been altered, the results also would have changed. Again, self-help and motivational products are type specific. They encourage what already exists, and/or provide specifics to those already engrossed by the generalities. They are NOT for everyone.
PrinceofWands
Lifer
I just noticed your sig from Chess. Nice obscurity points there. 😎 :thumbsup:
Two points. I agree with your point and I think it edifies mine, and there is an addition point to this.
First, yes people do have tendencies. Some towards art, some towards teaching and volunteering, some towards business, etc.. And since the book was used as a tool to help me reach my potential, it therefore created value right? If it creates value, then it is acceptable to compensate the person that provided the tool.
The addition: I may have had a proclivity towards business, but did not act upon it as successfully as I did until I read some books, and took some college courses. Books like Rich Dad, Poor Dad serve a purpose of educating people on basic principles they can use to be successful, in this case business and more specifically real estate.
Without reading the book, I would have had to find the information elsewhere. Since I don't see my neighbors and friends knocking down my door to help me, I can assume either they have the knowledge but aren't going to share it, or do not have the knowledge. In this case the motivational book served its purpose. I had no problem paying for this knowledge (and the push to move towards my goals), as it has paid me back a thousand times what I paid to get it.
Robert Kiyosaki, and other self-help authors, understand the principle of giving what you want to get back. In this case, Kiyosaki gave some basic knowledge that is hard to find elsewhere, and got back a large reward in turn. I wouldn't hold it against the guy for his success.
If you want to say he is not a technical writer, then I agree. I got my techncial knowledge in other places. The allegory of having two dads (whether true or not) was a brilliant marketing move that has brought him a large audience. His audience continues to grow. But you can't please everyone 🙂
PrinceofWands
Lifer
And that's awesome for you. I also read the book. It was passably written, and had some few points of interest. It made me nothing. That's because I don't possess any of the attributes which affect, or are affected by, such teachings. Other people may possess differing amounts of those attributes, and because of those differences they will experience different outcomes...including the very real possibility of utter failure and bankruptcy as they try to apply specifics of one type to their own different type. This is the risk of seeking motivation outside of self...also known as trying to be what you're not.
In this way I was pointing out that the person you question is likely as correct in his assessment of the work as you are. It is different to each person who reads it. The validity of the work is contained not within the work itself, but within the individual receiving it.
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