Robert Kiyosaki's Rich Dad Poor Dad

By Elwood Misch

Have you heard about the book "Rich Dad Poor Dad"? If you're into real estate investing, you sure did. If you're into a course of getting out of the rat race, you definitely did hear about it too. And of course, you probably know it's author, who's been showing people the ways to getting rich for perhaps 20 years now. No other than, Robert Kiyosaki, a very well-known financing and real estate investing guru.

Many people are wondering what exactly can Rich Dad Poor Dad show them to be successful. Robert Kiyosaki encourage people to think outside the traditional box. Make money but not make money the old way. What exactly does he mean by that? According to him, having no college degree is not a bad thing if you really want to be successful in life.

Rich Dad Poor Dad talks about the true, old tried and tested principles of real estate investing. Robert Kiyosaki's advice is mostly about smart financing. Which is very timely nowadays that many homes are in foreclosure. According to Robert Kiyosaki, real estate investing is a way to have your brain power and create real wealth.

For real estate investing to work, one should really know the properties to buy, when to sell it, and when to hold. And the way to know those is by applying Robert Kiyosaki's principles on finding the right properties, getting creative financing and focusing on financial and academic literacy.

There are many "how to be successful" help books and teachings, not only in real estate investing, but in life in general as well. Rich Dad Poor Dad is not the first and definitely not the last that talks about ways to be successful. However, just like any other gurus out there, Robert Kiyosaki has also had its fair share of controversies around his successes.

A lot of people have been questioning and investigating whether the example stories in Rich Dad Poor Dad are true. Many are wondering whether the people in the book do or did exist. Some even have reviewed that the people were made up in order to make the Rich Dad more believable.

I did not know this until recently, but the co-author of his first book, Rich Dad Poor Dad, sued him in 2007. I, like the author, do not know the reason for the suit, but anybody who gets sued, is sued for something dastardly, I'm sure. 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. - 24356