this is the first thing I wrote in this reply because the name Kiyosaka is so well known. In short, and putting it politely, he’s full of bovine excrement. I have not read his actual books BUT I have read excerpts from them. (I just know some MLMer will take the first part of that statement and omit the rest of the context because he doesn’t have the courage to deal with the entire truth, but that’s just proof how they tell you what they want to without telling you the rest.)
Kiyosaka wrote books before “Rich Dad, Poor Dad,” but they were flops. In those books he thanks the important teachers in his life, but he NEVER, in any of those books before RD,PD, mentions the friend’s Father he says was such a strong influence on him and who was his best teacher. People have even gone back, looked up property records, and tracked down who lived in his neighborhood and no such man ever existed. So this man is starting his book with a lie: “There’s this man who taught me all this.” He’s playing into the archetype of having a wise mentor, which is a powerful image or icon in our culture. The problem is it’s wrong.
Big deal, right? If the stuff he says is true, then does it matter where it comes from? Deal with the material, not the source, right?
Okay — you should deal with the material, but this tells us from the start that the source has no compulsion about lying in print and continuing the lie after millions read his books.
As I write this, I’ll mention that I have my own small business that I’ve been running since 2008. It pays the bills and more. It’s paid for my antique Mercedes. It paid off over $23,000 worth of credit card debt in under a year — while I was saving up for the Mercedes. I know a bit about running a business and paying the bills. I’m also, suddenly, having to manage my Father’s estate since he died in Jan/2015 (along with my Mother and sister). It wasn’t a tiny amount. In that time, with the help of a forum of lawyers (as in not ONE lawyer, but a forum of lawyers) and a good accountant, I’ve learned a lot about money management and arrange things to minimize taxes. As I’ve said before in this forum, I’m not citing any of this to brag but to qualify myself as not just an idiot geek in his Mother’s basement pretending like he knows everything while he has no experience at all.
On to a quick point of one thing in his books. Just one point for an example: He talks about wanting a Rolex watch. He says he could buy it on his own, but then the money has to come in from his company to him and it’s taxed as income. Yet he’s a smart cookie, or so he says, so he has his COMPANY buy the watch and give it to him as a gift — or lets him use it, I forget which.