Rich Dad Book Series

[glock35ipsc]

Thanks for the input. What is your definition of the average person?

The person who would buy his books.

A knowledgeable investor won't need his "stories". The average Joe that knows nothing of investing will be drawn into his whimsical story line word for word. That is very dangerous.

[Broken Arrow]

The person who would buy his books.

A knowledgeable investor won't need his "stories". The average Joe that knows nothing of investing will be drawn into his whimsical story line word for word. That is very dangerous.

Oooh. A little bit harsh, but I agree.

[amarowsky]

Went up to the Library and picked up The Millionaire Next Door Only about 50 or so pages deep so far. But yea that is pretty much all the book talks about is living Frugal from birth to death.

Ill come back with a full explanation of what I think of the book when I complete it. But as of now the first 50 pages are all the same with a little bit of 1998 statictics rolled into it.

[Angio333]

The person who would buy his books.

A knowledgeable investor won't need his "stories". The average Joe that knows nothing of investing will be drawn into his whimsical story line word for word. That is very dangerous.

I agree 100%.

[rizzmo]

Well I think there is great information in all the books discussed. Agian I'm not sure what knowledgeable investor means. All the people in 401k and mutual funds lost money in this latest fiasco (maybe some made money ... doubtful), given enough time they will recover, but the $ amount will be worth less when it does recover so I am not sure anyone actually wins. On the other hand my notes in lending have been unaffected (well a few have paid them off early), my individual stocks have not fallen do to this credit crisis, my parents rental real estate has been business as normal, and the business owners I know (low voltage wiring, home/office construction, marketing, medical) have not had to suffer a reduction in income, but they all lost in the market most of them in mutual funds because they would rather leave that to a professional.

[maat55]

Well I think there is great information in all the books discussed. Agian I'm not sure what knowledgeable investor means. All the people in 401k and mutual funds lost money in this latest fiasco (maybe some made money ... doubtful), given enough time they will recover, but the $ amount will be worth less when it does recover so I am not sure anyone actually wins. On the other hand my notes in lending have been unaffected (well a few have paid them off early), my individual stocks have not fallen do to this credit crisis, my parents rental real estate has been business as normal, and the business owners I know (low voltage wiring, home/office construction, marketing, medical) have not had to suffer a reduction in income, but they all lost in the market most of them in mutual funds because they would rather leave that to a professional.

Bottom line, Kiyosaki try's to motivate people to invest in real estate and businesses. Many people have careers and just want to maximize their investments.

Kiyosaki discourages against mutual funds and living debtfree. The average guy is not looking to become a real estate and business mogal.

Dave Ramsey simply pushes debt freedom and investing in mutual funds. The reason I like DR is because if everyone was practicing his principles, we would all be better off, IMO. If everyone was practicing Kiyosakis priciples, there would be financial chaos. Kiyosaki's plan takes a huge amount of knowledge and risk.