Originally Posted by elainevdw
Hm, a day or two after reading Rich Dad, I've started getting comments from all sorts of people about its worth (or lack thereof)! Oh well, guess it's a hallmark of me being a newb. The interesting thing is that Reed says it makes education sound less valuable than it really is, when the entire book is an argument on reforming what schools teach about finance. To be honest, it mostly reinforced in my mind information from articles like Steve's treatsie on why having a job is stupid, and why you should create multiple streams of passive income for security.
I've found people get quite passionate about Kiyosaki. I guess being successful means he's a bigger subject of controversy; you have to either love him or hate him.
I find that people who are already pretty financially savvy dislike him. He is an extremely poor writer, and tends to summarize things they already know in a hard-to-understand way.
On the other hand, for people with the financial IQ of an eggplant
he brings up a lot of points that those people often had no idea of. When I first entered the world of finance, I had no idea that you could pay yourself first, and still live just as good a lifestlye. I had no idea that there was a better model than trading your time for money. I had no idea that there were places you could go where people would basically say to you, "give me $10,000 and I'll give you $100/month for the rest of your life." As a math major, I could tell you instantly that it was a good deal, but I had no idea you could actually do that. But such things exist! And they don't require any special dispensation or brown-nosing or anything! You just buy
them! Yes, all he does is repeat a lot of centuries-old financial advice. But this advice is centuries-old because it's useful, and if you didn't know it, learning it is worthwhile.