Comments on: The Financial Advice From Robert Kiyosaki During Economic Recession http://www.moneycrashers.com/the-financial-advice-from-robert-kiyosaki-during-economic-recession/ Personal Finance Blog, Your Guide to Financial Fitness Thu, 09 Feb 2012 21:28:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: ekrabshttp://www.moneycrashers.com/the-financial-advice-from-robert-kiyosaki-during-economic-recession/#comment-6391 ekrabs Fri, 23 Jan 2009 17:47:27 +0000 http://www.moneycrashers.com/?p=725#comment-6391 Though it may not be readily apparent, I try my best to be fair and given people the benefit of the doubt. Unfortunately, in the case of Robert Kiyosaki, I can't say that I have found much in the way of helpful advice.... I mean, I really don't want to end up being yet another Kiyosaki basher, but he just... well, this article is a good example isn't it? Though it may not be readily apparent, I try my best to be fair and given people the benefit of the doubt.

Unfortunately, in the case of Robert Kiyosaki, I can’t say that I have found much in the way of helpful advice…. I mean, I really don’t want to end up being yet another Kiyosaki basher, but he just… well, this article is a good example isn’t it?

]]> By: Sandihttp://www.moneycrashers.com/the-financial-advice-from-robert-kiyosaki-during-economic-recession/#comment-6377 Sandi Thu, 15 Jan 2009 14:21:19 +0000 http://www.moneycrashers.com/?p=725#comment-6377 I completely agree with you on the wishy-washiness of the author's "advice." Maybe the 20% of the readers he's supposedly talking to can follow what he's saying, but I sure can't. Personally I prefer to stick with the traditional financial advice, but to each his own.... I completely agree with you on the wishy-washiness of the author’s “advice.” Maybe the 20% of the readers he’s supposedly talking to can follow what he’s saying, but I sure can’t. Personally I prefer to stick with the traditional financial advice, but to each his own….

]]> By: authorhttp://www.moneycrashers.com/the-financial-advice-from-robert-kiyosaki-during-economic-recession/#comment-6373 author Thu, 15 Jan 2009 02:25:37 +0000 http://www.moneycrashers.com/?p=725#comment-6373 That's a good point of view. By the way, when I ask readers for their opinion or how they interpret something, it's an honest question because I learn more from reading about other people's points of view about an article or opinion. I think you are right, but I just don't like that he seems wishy washy about his philosophy. I respect people more when they say, "this is how I think you should do it", because it gives me the option to say, "I think your wrong" or "I like that advice, i'll do more research". I agree with his philosophy that creating your own investment vehicle will be more rewarding and have a bigger upside, but the risk factor IS much bigger, and that is why I am weary of his advice because many people don't get that part. Then, they end up losing their shirt, wondering why they didn't become rich like Kiyosaki. If starting a business came with a small risk, more people would be business owners. But, most small businesses fail and that is why many people work for other companies. It's not worth it to them to fail, fail, and fail again even if their fourth try makes them millionaires. Anyway, thanks for your opinion about it. That’s a good point of view. By the way, when I ask readers for their opinion or how they interpret something, it’s an honest question because I learn more from reading about other people’s points of view about an article or opinion.

I think you are right, but I just don’t like that he seems wishy washy about his philosophy. I respect people more when they say, “this is how I think you should do it”, because it gives me the option to say, “I think your wrong” or “I like that advice, i’ll do more research”.

I agree with his philosophy that creating your own investment vehicle will be more rewarding and have a bigger upside, but the risk factor IS much bigger, and that is why I am weary of his advice because many people don’t get that part. Then, they end up losing their shirt, wondering why they didn’t become rich like Kiyosaki. If starting a business came with a small risk, more people would be business owners. But, most small businesses fail and that is why many people work for other companies. It’s not worth it to them to fail, fail, and fail again even if their fourth try makes them millionaires.

Anyway, thanks for your opinion about it.

]]> By: TStrumphttp://www.moneycrashers.com/the-financial-advice-from-robert-kiyosaki-during-economic-recession/#comment-6371 TStrump Wed, 14 Jan 2009 22:56:15 +0000 http://www.moneycrashers.com/?p=725#comment-6371 Here's the deal with the Rich Dad Books - I enjoy them immensely but they're not good for 'quick financial tips' They're more about shifting your paradigm. Anyways, what I think he means is that traditional financial advice is for people who don't want to work at increasing their financial IQ. They just want to buy prepackaged investment vehicles and 'hope' that the markets go up. People like Robert don't invest in these - they create their own financial vehicles which take alot of hard work, financial accumen and sometimes, extra risk. I think he means that most people don't have the desire or time to do this. Here’s the deal with the Rich Dad Books – I enjoy them immensely but they’re not good for ‘quick financial tips’
They’re more about shifting your paradigm.
Anyways, what I think he means is that traditional financial advice is for people who don’t want to work at increasing their financial IQ.
They just want to buy prepackaged investment vehicles and ‘hope’ that the markets go up.
People like Robert don’t invest in these – they create their own financial vehicles which take alot of hard work, financial accumen and sometimes, extra risk.
I think he means that most people don’t have the desire or time to do this.

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