On the MSN Money article:
To me that article is yet another one of the typical diversify, diversify, diversify articles. (Just eight appearances of the word) Also, I can't help but wonder how much this author gets paid to write an article like that. I can sense the foxes grinning as the chicken are once again gaining courage to start eating the stuff the foxes are feeding them inside their chicken coop. Millions of people did lose 7-9 trillion dollars in the market crash of 2001 and it was mostly the small mutual fund investors that didn't know what hit them until the financial experts were suddenly unreachable and their life savings were belly up.
By all means, do invest $100 and go for the long-term. That's very cheap in comparison to the people who simply couldn't afford retiring. The benefit is that you'll have all the time in the world to start investing in yourself and your financial literacy and intelligence. In the information age, you're more or less forced to start investing, even if you don't like this fact.
On Kiyosaki:
I've read six or seven of his books and have nothing to complain about, on contrary I strongly recommend all of them since RDPD is more like a starting book in gaining financial information. But it's just like most of you are stating. They are books on why-to and not on how-to. There is no point in delving into financial books if you don't have a good enough reason why to start reading them. Or browsing through any other investment sources either.
I'd like to make one aspect very clear though. The stories might be made up and rich dad may not exist. But so what? Are the stories in the Richest Man in Babylon real? Who knows. The point is always in the information you can acquire and what good it can do in your life! Watch the movie Big Fish and you get my point. Did Steve Pavlina single-handedly squeeze all his article information out of his own deep thinking? Hardly, it's just about making more good in the world by passing on knowledge from one to another, to another. What difference does it make who initially figured out something extraordinary in life? I want to hear it all and figure out for myself what's useful for me and what's not, no matter what the source is. I aim to do the exact same thing to others. We're all part of helping the world evolve so stop bashing others unless that's what you want others to do to you.
Quote:
Originally Posted by copla  In the end, though, what matters is results, so even if Kiyosaki is a dispicable piece of human waste, I guess he does help people get results, even if those results are from him copying other peoples' work and making up supposedly real events. Guess it evens out in the end for the most part. |