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Thursday, July 2, 2009

Robert Kiyosaki's Rich Dad Poor Dad

By Elwood Misch

If you've ever dreamed of getting out of the rat race, now may be the time do it. One of the most well known gurus who can show you how to make money is the author of "Rich Dad Poor Dad." His name is Robert Kiyosaki. And, he's been showing people how to get rich for probably 20 years. I don't know about you, but I like to follow others who are successful and the Rich Dad Poor Dad guy has been very successful for a lot of 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 talks a lot about taking your brain power and creating real wealth through real estate investing. Its actually quite appropriate to talk about that today, since many homes now are in foreclosure. In fact, the principles that Rich Dad Poor Dad teaches is line with age old tried and true principles of real estate investing. The advice he gives is about smart financing for the most part.

Robert Kiyosaki is well known for teaching people the principles in real estate investing, like finding the right properties, getting creative financing and really focusing on financial literacy as well as academic literacy. Only in this way can you really understand what you are buying, when to sell and when to hold.

There have been many people who have written about how to be successful, in real estate investing, in stocks, and in life in general. Rich Dad Poor Dad is not the first, nor will he be the last. But, Robert Kiyosaki has also had some amount of controversy around his successes.

The controversy has many to investigate into whether Rich Dad Poor Dad example stories are true, up to and including the question about the people Robert Kiyosaki speaks about in the book. Do or did those people really exist? It went on to some even have made an analysis the Rich Dad was really made up to make the book more conceivable.

Robert Kiyosaki was sued his the co-author of the book Rich Dad Poor Dad. The reason? I and Robert Kiyosaki himself do not know. One thing for sure though, anybody who gets sued, is sued for something dastardly and frivolous lawsuits can backfire on you.

Whether the controversies are true or not, the decision to follow Robert Kiyosaki and use the principles and his book Rich Dad Poor Dad, is all up to you. Just keep in mind, that he's not the only person giving advice in real estate investing. You may want to look around and see which principles will suit you best. - 23311

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