Kiyosaki Quote In The New Smart Money Magazine

[Angio333]

As I mentioned in another thread, I hate Kiyosaki's Rich Dad/Poor Dad (I read 2 of his books). Some of his ideas are great, but some of his other ideas are down right dangerous for the average person.

I read a quote by him in the new issue of Smart Money Magazine (Sept 2008) on page 96 in the "10 Things Millionaires Won't Tell You" article at the end of Number 2: "I Shop at Walmart..."

Kiyosaki is quoted in stating " I've always wanted to live ABOVE my means because it inspired me to work harder."

In my opinion, some who is as influential as Kiyosaki is being irresponsible in tryiong to promote living above your means.

What about you?

[Scanner]

I"m split on Kisoyaki. . .on one hand, I see all that you see in some of his advice - it's often vague and risky for the average person.

But I do like his contrarian thinking at times and identify with that.

[maat55]

I agree, if everyone took his advice, there would be a lot of broke people. There might also be more rich people. I'm against how he discourages living below your means and investing longterm in MF's.

I do believe that smart and diligent people can succeed on his plan. I myself am tring to find the middle road.

[cschin4]

I don't like him. I read RD/PD. I found his apparent disdain for his PD and total emphasis on getting rich disturbing. I don't care to live my life with this type of attitude. I value people for who they are, not what they have. Some of the richest people I have met have very little money. And, some of the most wretched people I have met are wealthy. If the goal of your life is to amass as many pennies you can, then fine, he may have good advice.
If your goal is to live well, to make an impact on others, to do some good in the world, to raise a nice family, etc, then I do not find his advice to be so helpful.

[cptacek]

The only reason his books got to be popular is that he affiliated himself with Amway and the leadership there promoted it to their groups. So they all started buying the books, shooting it up the best seller list, and then others started reading it because it was on the best seller list.

I don't like his advice at all. We had a discussion about this a while ago on here, and everyone who read his books got a different "point" from it. He doesn't have a system for you to follow, he doesn't have a roadmap for you to follow, his story is contradictory, and like cschin4, I hated his disdain and mocking of his "poor dad".

[Hot dog]

I don't know is it a bad idea to want more? He didn't say live above your means. He said want to so that you aim for it. I mean we always want better for our children than we have why not want more for yourself. I think he is just saying have a goal otherwise you'll be stuck. If you aim for nothing you'll get it every time, isn't that how it goes. It could be a motivator but there is also the other side that would say you need to be happy where you are in life and not think I will be happy when...

[djabloel]

I personally liked and gained some insights from his first book RDPD. I was not impressed by any of his other books though. I think everyone should read RDPD once and instead of blindly following, take the concepts and use it in their life style accordingly.

[Merch]

The only advice I liked that he gave was to look at things from an investors point of view. Of course I don't believe in looking at a home as a liability, but I do like the idea of looking at other things like a job as a long term investment.

It helps you goal set. Other then that, I think he is full of himself. Everything about him that he tries to portray is fake. From college (he did not go to West Point), to military service (I believe he was a merchant marine and not a marine), to his vast real estate empire.

I just can't get behind a person who is so deceptive. But he did have one idea I liked.

I like Dave Ramsey more, even though I am not sold on the paying off the mortgage piece. Also, in his plan, I didn't stop adding to my retirement. So I use his plan as a base and move from there.