Robert T Keosaki Jurnal Pdf
A story came across the news this weekend about Robert Kiyosaki, the author of Rich Dad, Poor Dad, and how his company went bankrupt last month. Basically, the company didn’t pay the proper royalties on its seminars, and when they lost in court, they didn’t have enough money to pay at all. It wasn’t a personal bankruptcy, rather, a corporate bankruptcy. However, a corporation with money should be able to pay up for a minor royalty dispute (only $23 million compared to $400+ million in revenues). And when your name is attached to a company, and your business is built around creating wealth, the word bankruptcy associated with it usually isn’t a good thing.
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However minor you may consider it, I find it appalling as a personal finance writer. This guy made a living on selling “his story” and encouraging others to fork out tons of money to hear it. In the end, the story crumbles, and it just makes him a hypocrite.
Practice What You Preach
What upsets me the most is that Kiyosaki is portrayed by many as a financial guru. His Rich Dad, Poor Dad book made him famous because of the practical advice that he pretended to gain throughout his life. He talks about life lessons learned, and how that allowed him to do great things in real estate and other ventures.
The problem?
- Prior to his 1997 publication of Rich Dad, Poor Dad, Robert Kiyosaki never had any documentation of the wealth he supposedly amassed (Forbes)
- There really wasn’t a rich dad, even though his book specifically claims there was one (Smart Money Magazine, February 2003)
In the end, this “non-fiction” story is just fiction, and so it calls into doubt the advice he gives to readers and followers.
Even though his advice may sound good: be an owner, invest in cash flow investments, etc – the fact that he (or his business) didn’t maintain solid financial health is sad.
Don’t Prey on Your Followers
Another big red flag for me is preying on your followers. This is hypocrisy at its worst. If you’re selling yourself as a model for something (values, wealth creation, business, or even how you coach your kid’s soccer team), don’t use your followers and believers – empower them.
Robert Kiyosaki wrote and sold his book, which I consider to be honorable. He then tacked on a class, which was free, which is also honorable. But then he started preying on his followers –
- Class #1 – Free Advice
- Class #2 – Paid Advice, $495 (However, very little education and more marketing for class #3)
- Class #3 – Paid Advice $45,000 (Yes…that’s not a typo)
If you’re a financial planner, I think it is fair to charge for advice. However, it is important to be reasonable for your services. If you’re trying to help someone get rich, and provide value, $495 could be reasonable. But how could $45,000 be reasonable for any personal finance class? Furthermore, would you ever pay that given the credibility issues raised by the teacher?
Kiyosaki Isn’t The Only One
The sad fact is that Robert Kiyosaki isn’t the only one. There are hundreds of financial hypocrites out there. There are even more people out there that have hypocritical moments (I’m sure I have as well).
Just think:
- Suze Orman launching a prepaid credit card
- Donald Trump’s company declaring bankruptcy 4 times
- Ray Lucia, author of Buckets of Money, charged by SEC as misleading
It just really offends me when I see people almost victimized trying to get rich. I’m a firm believer that anyone can make $1,000,000 or more. Heck, read my article and it’s actually pretty easy.
Kiyosaki was just one, but there are hundreds, if not more, people doing the same exact thing!
It doesn’t take shelling out thousands of dollars for courses from potentially hypocritical speakers. Just earn, save, get out of debt, and invest. Done.
Don’t Get Me Wrong On His Book
I will add one last thought here though – don’t get me wrong on many of the financial tenants he teaches in his book. Just like many people in the media, there are some things I agree with him with, but many things I don’t.
For example, he idea of buying assets versus liabilities is spot on. He advocates spending responsibly, and really knowing what you’re spending money on. However, I completely disagree with his business tactics of large upsells to get people started investing in real estate. If you want to get invested in real estate, skip that seminars and start investing with just $500 on platforms like FundRise or RealtyMogul.
So, my final thought is, don’t fall for the hype. Read his book Rich Dad, Poor Dad for yourself, and realize when people are being hypocrites or selling something you don’t need.
What do you think of this latest act of financial hypocrisy? Can you think of other financial pundit hypocrites?
We have been discussing a lot of books from Robert T. Kiyosaki such as books from the Rich Dad Poor Dad series. These book are an excellent help for those people who want to do something great in life and they are looking for motivation in the field of business and other aspects of life. Robert being an expert businessman, motivational speaker, and author, has helped people a lot in making people their career and business with the help of this amazing book series. Another book of the series is the business of the 21st century which will remain under discussion in this article. The main topic of this book is network marketing which is one of the keys to success in the field of business. At the end of this article, you will be able to download the business of the 21st century pdf free from our website.
Contents
- 3 Download ‘The Business of the 21st Century Pdf’ Free:
About the Author Robert T. Kiyosaki:
This man who goes by the name Robert T. Kiyosaki needs no introduction especially when you are talking about him in the business hubs. He is an American author, businessman, and a motivational speaker who is known for his amazing book series Rich Dad Poor Dad. This book has sold millions since it helps people greatly in their life with the business, financial, and daily life success. His books have motivated a lot of people and there are many lives who climbed the stairs of success after reading the books of Robert. He starts by telling the basics of how you can become successful financially and he starts it by teaching us things which we should start from our childhood so that they could become our habits. So, once you have read about hi, let us now discuss and review his book the business of the 21st century.
The Business of the 21st Century Review:
This book series named Rich Dad Poor Dad is all about developing your life in a way that you can lead a happy and successful life ahead. This book in the series, the business of the 21st century, lays importance on the network marketing which is one of the most important things while you want to do your own successful business. Some people do good planning and everything but still they turn out as failures in the business since their marketing had been really poor. Robert being a successful businessman, knows everything about this important thing and with his experience and thing he teaches in the book, you can get some really good information about starting a business. You will learn all the process through which a person goes through and then he becomes a successful man eventually.
The topic which Robert chose for this book of the series is Network Marketing which is the leading aspect to become a successful business person. Now this is a huge concept and it is not possible for me to discuss it in detail, however, you are definitely want to read it since it is that important. This book and concept is just as important as other things which you might have read in the other book of this series as well. Well, it has about eight worth wealth building concepts or assets which Robert has explained very well and by reading them, you can understand them in a better way. These concepts are very important and most people who don’t go through a good learning process before doing a business, they get to face a lot of troubles. Get to read it and you are going to learn things you would never expect to learn from any other place.
Download ‘The Business of the 21st Century Pdf’ Free:
So, if you want to get this book, download the free the business of the 21st century pdf right now from the link given below and start reading this book to get yourself better in the business. Keep visiting our website for more free books and their reviews.