Comments on: Review: Financial IQ by Robert Kiyosaki

By: Spear

Spear — Fri, 20 Aug 2010 14:35:49 +0000

you sir is regurgitating utter ignorance if the United states currency isn’t back by Gold anymore what do you believe will happen to it? the value will depreciate of course, on top of that if the government prints more money as a measure of fixing the depreciated value problem, what do you think will happen? Inflation of course. All what I have just stated are facts, so I don’t know how you arrived at the conclusion that the gentleman statement was “completely idiotic, misleading and meaningless” you shall soon find out how idiotic and misleading it is

By: traore

traore — Wed, 28 Oct 2009 18:38:56 +0000

The purpose and mission of Robert Kiyosaki is aimed to help people achieve economic success and stability. Robert Kiyosaki has a certain style in motivating, and his attitude towards money is defiant and pro-active. These values have found its way into his many books of the Rich Dad, Poor Dad series, and in their deliverance has helped many people understand how to make money work for them.

By: jim

jim — Wed, 07 May 2008 18:17:56 +0000

I take anything that anyone says with a grain of salt and I wanted to look at this book from an impartial view. I personally don’t like Kiyosaki, never liked his Rich Dad Poor Dad series, and I think that he picks positions that are unpopular for the sake of making a splash. What I liked about the book was that it activated the thinking juices in my brain, not that I agreed with every point he made in his book. I think taking a critical look at how you perceive and interact with the world is crucial to being educated.

Value of anything is what people are willing to pay and that’s based on scarcity. Gold has just been around the longest, that’s all. Salt was once more valuable than gold but that waned as salt become easier to find and at least you could eat it (can’t eat gold, shots of Goldschlager don’t count).

I honestly don’t understand why people “hate” anyone in the public eye, be it Kiyosaki or Orman or Trump or whomever, it seems like a lot of emotional investment in someone you’ve never met. That’s not meant to discount your feelings (or anyone who feels the same), it’s just that if I really didn’t like Kiyosaki then I probably would’ve skipped this article on my blog.

By: muntz

muntz — Wed, 07 May 2008 15:41:52 +0000

Not only did I read the Bernstein article, I read his book, “The Power of Gold.” By the way his book, “Capital Ideas” is a must read for anyone who cares about investing.

I have no argument w/Bernstein – I have a problem with you taking anything Kiyosaki says seriously. I do understand that deflation is worse than inflation and agree with what Bernstein says – of course it is an intelligent, learned thoughtful argument – completely the opposite of anything I’ve read from Kiyosaki.

So far as the Gold Standard goes, I don’t feel like going into it here – but step back for a moment – what is the ‘value’ of gold? There is nothing intrinsic to it aside from industrial and consumer uses. Gold has a value that people decide on – just as they decide on the value of money. Pegging currencies to gold is counterproductive. In any case our currency is actually backed by all the assets in the united states.

By: jim

jim — Wed, 07 May 2008 12:28:46 +0000

muntz: It’s okay if you don’t read my blog anymore but I would advise that you read more about the gold standard.

By: muntz

muntz — Wed, 07 May 2008 11:29:54 +0000

Okay – you just saved me some time – I’m not going to read your blog ever again — Robert Kiyosaki is a fraud and dispenses horrible advice. I’m not going to go into all the reasons why statements such as: “how all currencies will eventually move towards being worthless” and “If every nation’s money is pegged to gold…there is no inflation” are completely idiotic, misleading and meaningless. I’m tempted, but I won’t.

Thanks for saving me the time! You are now deleted from my bookmarks.

By: Dave (ChiefExecutiveRockStar)

Dave (ChiefExecutiveRockStar) — Sun, 04 May 2008 19:18:46 +0000

Kiyosaki has never been much of a “step-by-step” author. Instead, as Jim has pointed out, he deals more concerning perspective. This style ‘used’ to drive me nuts. I, like the majority, wanted somebody to take me by the hand and show me how to earn dollars. This attitude, while it seems it would be more satiable, would do less good in the long run. Jim, you’ve referred to Kiyosaki as being on a “higher” level; in actuality, he talks on the ground level; he’s one of the few who discusses principles and mindsets – which is where prosperity begins (earning dollars is simply a bi-product). My own blog discusses principles and likely frustrates many as I don’t discuss the actual ‘how’ I’ve earned, lost, and am again earning. Grrrrr… so frustrating, I know. I was there.

Ralph Waldo Emerson penned:
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The man who knows how will always have a job. The man who also knows why will always be his boss. As to methods there may be a million and then some, but principles are few. The man who grasps principles can successfully select his own methods. The man who tries methods, ignoring principles, is sure to have trouble.
+++

–Dave Charbonneau, C.E.R.

By: The Shark Investor

The Shark Investor — Sun, 04 May 2008 16:07:26 +0000

I am getting a bit bored by Kiyosaki’s books. He seem to write the same thing in all his books. Maybe this one is slightly different but I guess I’ll skip it