Comments on: Who Hates Robert Kiyosaki? Here’s My Take On The Backlash http://moneysocket.com/who-hates-robert-kiyosaki-heres-my-take-on-the-backlash/ Building wealth while enjoying life Thu, 20 Nov 2008 11:42:57 +0000 http://wordpress.org/?v=2.6 By: brip blap » Blog Archive » ah, the linklings… smells like victory edition http://moneysocket.com/who-hates-robert-kiyosaki-heres-my-take-on-the-backlash/#comment-259 brip blap » Blog Archive » ah, the linklings… smells like victory edition Sat, 29 Sep 2007 20:27:18 +0000 http://www.moneysocket.com/who-hates-robert-kiyosaki-heres-my-take-on-the-backlash/#comment-259 [...] Who Hates Robert Kiyosaki? Here’s My Take On The Backlash at Money Socket.  Oh boy.  Love him or hate him, I bet you have an opinion on him.  Personally I’m a fan.  I don’t take everything he says as the gospel, but I think he’s an inspirational figure.   [...] [...] Who Hates Robert Kiyosaki? Here’s My Take On The Backlash at Money Socket.  Oh boy.  Love him or hate him, I bet you have an opinion on him.  Personally I’m a fan.  I don’t take everything he says as the gospel, but I think he’s an inspirational figure.   [...]

]]> By: My Trader's Journal http://moneysocket.com/who-hates-robert-kiyosaki-heres-my-take-on-the-backlash/#comment-257 My Trader's Journal Fri, 28 Sep 2007 12:05:49 +0000 http://www.moneysocket.com/who-hates-robert-kiyosaki-heres-my-take-on-the-backlash/#comment-257 Good post. I agree with most of it. I've read a few of his books and consider them more motivational than any type of true business plan for growth. He does a good job of looking at finances in a different light than the way many of us were raised. I was already investing with options (covered calls) when I read investing book and yet still learned to open my eyes to using naked puts in my portfolio. Now that's the primary "tool" I use. As always, he oversimplified and actually stated a couple of facts incorrectly, but I only used his book as a starting point for learning and not the Gospel. Anyone who quit school based on his writings was probably doomed to failure anyway. Fictional stories or not, I enjoy them. Good post. I agree with most of it. I’ve read a few of his books and consider them more motivational than any type of true business plan for growth. He does a good job of looking at finances in a different light than the way many of us were raised. I was already investing with options (covered calls) when I read investing book and yet still learned to open my eyes to using naked puts in my portfolio. Now that’s the primary “tool” I use. As always, he oversimplified and actually stated a couple of facts incorrectly, but I only used his book as a starting point for learning and not the Gospel.
Anyone who quit school based on his writings was probably doomed to failure anyway. Fictional stories or not, I enjoy them.

]]> By: Danny http://moneysocket.com/who-hates-robert-kiyosaki-heres-my-take-on-the-backlash/#comment-256 Danny Fri, 28 Sep 2007 07:28:18 +0000 http://www.moneysocket.com/who-hates-robert-kiyosaki-heres-my-take-on-the-backlash/#comment-256 Thank you both for the comments. I guess the issue most have with Kiyosaki is that he is giving bad "advice" considering who his readers are. For them, his advice may prove to be detrimental. All in all, I don't have a problem with him. I'll take his and anyone else's advice with a grain of salt. Have a good weekend guys Thank you both for the comments. I guess the issue most have with Kiyosaki is that he is giving bad “advice” considering who his readers are. For them, his advice may prove to be detrimental. All in all, I don’t have a problem with him. I’ll take his and anyone else’s advice with a grain of salt.

Have a good weekend guys

]]> By: Swim Upstream to Wealth http://moneysocket.com/who-hates-robert-kiyosaki-heres-my-take-on-the-backlash/#comment-254 Swim Upstream to Wealth Thu, 27 Sep 2007 14:12:53 +0000 http://www.moneysocket.com/who-hates-robert-kiyosaki-heres-my-take-on-the-backlash/#comment-254 I understand both the positive and negative statements on Kiyosaki. But, the bottom line is each individual needs to take his advice, and all other authors, bloggers, and podcasters, with a grain of salt. You never want to completely alter your life overnight based on someone's writings. You can use this information to improve your life over time. The key is to focus on the long term. Getting rich slowly is much easier than getting rich fast. Most of the horror stories of folks losing their shirts following Kiyosaki's advice were folks who were trying to get rich quickly. Don't quit your job or school to follow any financial guru's advice. Determine what advice would work for you and implement over time. I understand both the positive and negative statements on Kiyosaki. But, the bottom line is each individual needs to take his advice, and all other authors, bloggers, and podcasters, with a grain of salt. You never want to completely alter your life overnight based on someone’s writings. You can use this information to improve your life over time.

The key is to focus on the long term. Getting rich slowly is much easier than getting rich fast. Most of the horror stories of folks losing their shirts following Kiyosaki’s advice were folks who were trying to get rich quickly. Don’t quit your job or school to follow any financial guru’s advice. Determine what advice would work for you and implement over time.

]]> By: Minimum Wage http://moneysocket.com/who-hates-robert-kiyosaki-heres-my-take-on-the-backlash/#comment-253 Minimum Wage Wed, 26 Sep 2007 11:11:04 +0000 http://www.moneysocket.com/who-hates-robert-kiyosaki-heres-my-take-on-the-backlash/#comment-253 While I am very critical of extravagant living, I don't fault Kiyosaki's message here. He's very clear about delaying gratification - you invest in an asset FIRST, and when the asset has generated sufficient income (cashflow), you can have the Ferrari. (I never understood the Rolex appeal - at least a Ferrari is a lot of fun to drive and turns heads, where's the fun in wearing a Rolex?) While I am very critical of extravagant living, I don’t fault Kiyosaki’s message here. He’s very clear about delaying gratification - you invest in an asset FIRST, and when the asset has generated sufficient income (cashflow), you can have the Ferrari. (I never understood the Rolex appeal - at least a Ferrari is a lot of fun to drive and turns heads, where’s the fun in wearing a Rolex?)

]]>