Kiyosaki's success is only his
If there was any book that would really make you seriously question your religion - it would be none other than the "Da Vinci Code". Dan Brown should be cloned.And if there was any book that would make you question the system of working in the world, it would be "Rich Dad, Poor Dad" by Robert Kiyosaki. After reading this book - it will make you not want to work (as an employee) ever again.
But there is distinct difference among the two - the first is more believeable, while the latter is more coincidental.
It is really nice to read passages like "you can be rich". Who doesn't? But the thing is, it's the selling point of the book - and THAT only. For one, you can't possibly buy property on credit and sell it for twice the price without even paying the property in full in any country (for those of you who have read the book). That was how he started out in "building his asset column".
The book was humor for the educated middle class and MJ for the wealthy. There is something seriously wrong with some of the statements the book says like:
Commanding higher pay will only bring more taxes and is not the way to go
- He's really off when he said this one. There are two key points here that he should really have stressed. First your per-hour income is higher. Taxes and death are permanent in life so you just have to deal with them like everyone else does. Secondly, and the most important point is controlling your spending habits. In other words - CONTROL YOUR GREED. It's damn damn true that the moment you raise your spending habits commensurate to your standard of living, there you go - you're definitely going to live as a healthy, fat rat for the rest of your life.
Seeking a career after college only makes your employer successful
- Perhaps this is true also in respect to the person seeking the career. This point really pisses a lot of people off. Why didn't school teach you this? (If you're not a business-degree student, you would be thinking this way initially). I don't know. If this way is absolutely true, then studying would be useless and they should have just enrolled everyone in a business school instead.
If there were some things the book should have said (but they wouldn't because the book would have a bad rep if they did), it would be:
Not everyone has the same opportunities
- Yeah, I mean seriously. Not everyone is born from a wealthy family, and not everyone has the financial education and sound spending-sense, more importantly, the financial capacity to. If you happen to wake up everyday of your life not wondering where your next meal's coming from, then good for you. If you know that it was your hard work that paid off and that you own a business because of your hard work, all the better. YOU DESERVE TO BE RICH.
Kiyosaki was basically saying that anyone can be like him. That's bullcrap, given the same amount of time to every living soul of earth. (but again, the book has to sell, so why stress a point like that huh?).
Not to worry. Kiyosaki has a couple of saving graces. I will discuss them in another post.
But I'll leave it at the idea that this book wasn't for the poor and middle class people to read.. if you read it wrongly and without proper wisdom and ATTITUDE, it will drive you crazy.
posted by Urban Warrior @ 10:30 PM
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