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Friday, June 26, 2009

Rich Dad Poor Dad by Robert Kiyosaki

By Elwood Misch

If you've ever dreamed of getting out of the rat race, now may be the time do it. One of the most well known gurus who can show you how to make money is the author of "Rich Dad Poor Dad." His name is Robert Kiyosaki. And, he's been showing people how to get rich for probably 20 years. I don't know about you, but I like to follow others who are successful and the Rich Dad Poor Dad guy has been very successful for a lot of years.

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.

Real estate investing, this is how you can have your brain power and create wealth according to Rich Dad. Thinking about it, it's so timely to talk about that matter nowadays that a lot of homes are now in foreclosure. For the most part, Robert Kiyosaki teaches about smart financing and the old tried, tested and true principles of real estate investing is what Rich Dad Poor Dad talks about.

Robert Kiyosaki is well known for teaching people the principles in real estate investing, like finding the right properties, getting creative financing and really focusing on financial literacy as well as academic literacy. Only in this way can you really understand what you are buying, when to sell and when to hold.

There have been many people who have written about how to be successful, in real estate investing, in stocks, and in life in general. Rich Dad Poor Dad is not the first, nor will he be the last. But, Robert Kiyosaki has also had some amount of controversy around his successes.

The controversy has many to investigate into whether Rich Dad Poor Dad example stories are true, up to and including the question about the people Robert Kiyosaki speaks about in the book. Do or did those people really exist? It went on to some even have made an analysis the Rich Dad was really made up to make the book more conceivable.

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. - 23199

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