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Unfortunately Rich Dad Poor Dad is Bogus and Why You Should Be Excited

Discussion in 'BlackHat Lounge' started by AboutBizz, Dec 6, 2007.

  1. AboutBizz

    AboutBizz Jr. VIP Jr. VIP Premium Member

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    I read the post at http://www.blackhatworld.com/blackhat-seo/blackhat-lounge/2596-rich-dad-poor-dad-great-book.html

    I found the comments interesting and sincere in what they got out of this best selling book....however...

    Rich Dad, Poor Dad is a fake and a basic sham as is its author Robert Kiyosaki (IMHO.) Yet we can all walk away with incredible knowledge that'll apply to our businesses after reading and investigating this charlatan ourselves.
    I did an investigative new piece on him for my newspaper a few years ago as he was coming to our area to do a seminar. I came to that conclusion based reading hsi book and trying to figure out the swiss cheese holes of info and ever changing story Kiyosaki weaves. There is a very good website that documents Kiyosaki's false claims at http://www.johntreed.com/Kiyosaki.html.
    It should be pointed out that the only way Kiyosaki got rich was by selling his book...first to MLM companies like Amway/Quixtar and then others.
    Kiyosaki, when asked by ABC news in a story they were doing on his methods actually said 9 out of 10 people fail. Not sure you want to buy 18 books from, and take the advice of, a guy who tells you to at the beginning you only have a 10% chance of success.
    What I do like about his story is if you are offering a legitimate product/service, that is you learn HOW to market yourself, you too can have a level of success like Kiyosaki. But you gotta start...startr anywhere. Kiyosaki, altho having many failures, does keep going back to the grind even after failing.

    This forum offers incredible insight and information that should be charged for frankly...again IMHO ;) Instead of just downloading the laest ebook or course, if BH'ers will go thru the info with the idea of doing two things, they will find success gravitates to them
    1) Read the information with the idea of teaching it to someone else
    2) Put time frames and benchmarks in place to start to use, apply and tweak the information you learned that will be taught again to someone else.

    The idea is if gets measures...it gets done. Its also called ACCOUNTIBILITY.

    I admire what the learders of BHW are doing and some of the changes they are making. They want us to share our knowledge and make it real...not be the drive-by downloader and commenter.

    I understand peoples like for guys like Kiyosaki's -- he's taken (or rather his ghostwriter) has taken a complicated subject and put some common sense to it and made it into a book...but frankly many of us here call our the fakers & posers of the world becuz we know better.

    Well I'm callin' Kiyosaki out.

    That's just my two cents.
     
  2. MaestroDelWeb

    MaestroDelWeb Executive VIP

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    I'm very familiar with John T. Reed's site and have read a lot of his reviews, but you have to take everything he says with a grain of salt, just remember the more he discredits Kiyosaki and the other gurus the more he stands to gain, just remember he is also a bookseller/guru. If you notice John has only 10 real estate transactions under his belt (even I have more than that) http://www.johntreed.com/Aboutauthor.html . He's considering his home which he's owned since 1983 as an investment property, that's his primary residence and considering he's owned it for over 20 years that's not looking like an investment property at all. Anyway, the main thing is John makes himself come off like the big time investor with the best info and shit's on almost everyone else. Of course the point of my post isn't really to completely discredit John, but to let you know to take everything he says with a grain of salt.

    As for Kiyosaki I've read in several places that he's only made money selling books, pretending to know secrets, seminars and things like that. I believe it. I could care less about if/how he made money. I look at Rich Dad Poor Dad as a motivational book that has some very sound principals in it. It's like Tony Robbins he wasn't shit either until he started doing his NLP seminars and tapes, but people pay a shit load to hear and see him and a lot of people come out more motivated than when they entered and become more successful.

    Basically all the gurus teach you one thing:

    ACTION.

    That's it. Nothing else. Take action or nothing will happen.

    Rich Dad Poor Dad although some people look at it as a real estate investing book, it has nothing to do with real estate. There's not enough information in the book to even be considered a legit real estate investing book (it also doesn't claim to be a real estate book). It's just a motivational book, that's all it is. It's made to make you think outside the box. If it was about real estate it would have more specifics than the vague information Kiyosaki gave.

    Do I think Kiyosaki, Robbins, Trump, any other gurus are rip offs? Depends. If you're spending thousands to see them then yes. If you're spending $20 for their books/audio/video or less it's definitely worth taking the time to listen to them. Actually Trump I think is great, I saw him live and he's good, actually fun to listen to, but I wouldn't spend over $100 to see him speak (and I'd have to force myself to pay $100 and he has to promise big results).

    99% of what you read anywhere is rehashed shit that you read somewhere else in bits and pieces. There isn't much new stuff any where, just little tid bits.
     
  3. clopper

    clopper Regular Member

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    I loved Dave Del Dotto for those who remember him on the beaches of Hawaii making his pitch. He run's a vineyard now and sent me a bottle of great wine when I started correspondance.

    Besides, you shouldn't look for tips from a guy like Trump. Any real estate activity he is in is way beyond what at least I have the means to do or the connections. If he could tell me how to change a filter in my furnace to save heating costs or to market to tenants effectively then I might go. How renaming the floors in my skyscraper 10 higher than actuality for marketing is kind of useless to me.
     
  4. MaestroDelWeb

    MaestroDelWeb Executive VIP

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    Trump is basically the guy that tells you "Think Big". Anything you do, do it big or don't do it at all. Big can be different for everyone. You're right though his investments are way out of my league, but he's really fun to listen to. He's one of those guys that are so rich that he can talk shit about anyone and he does. I especially think it's funny when he says Rosie O'Donnell is a fat pig and several other of his shit talking comments. If I was that rich I'd probably be black balled from TV. Sometimes you can catch Donald Trump, Tony Robbins and other gurus for free or a nominal fee ($10-20) at the Learning Annex events http://www.learningannex.com/ . Donald Trump also has free shows all the time, around here at least (I'm in New Jersey, close to Philly and NYC). These events are very valuable, you learn some new info and you listen to the pro's give their big sales pitches and can learn from that alone. I don't buy any of their overpriced products though.
     
  5. AboutBizz

    AboutBizz Jr. VIP Jr. VIP Premium Member

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    The ABC special that was mentioned had much more of a very dim view of Kiyosaki...but alot of it got cut out (this according to the producer of the piece who I spoke with on the phone.) There was some discussion on if they presented Kiyosaki in the light it was apparent he presented himself, that it trashed the piece, and they had spent too much time and money on the piece already.

    To determine Kiyosakis legitimacy is fairly forthright. I dont believe that Reeds not buying as many houses makes him any less of an expert -- and yes, even tho' he may have books and other products to sell himself, that doesnt nullify his research. I see he is not adding to the facts given to him, nor is he jumping to any far flung conclusions. As far as I can see, he is passes a litmus test of a standard of journalistic integrity.

    Thats kinda like saying BHW is not credible becuz it hasnt sold near the products that guys like Armand Morand or other huckster guru's out there sell. It just means one's benn doing a better job of selling and marketing.

    "99% of what you read anywhere is rehashed shit that you read somewhere else in bits and pieces. There isn't much new stuff any where, just little tid bits." Vert true. I spent years doing consulting for small business. I could show you the book off my shelf where I got my info from...but I learned quickly it wasnt the knwoledge they wanted...it was the SUCCESSFUL implementation of that knowledge they were paying for. Agree that action of the key...but action taking you down the wrong road still only gets you lost...you just get there faster.

    I appreciate your comments-- and Robert Kiyosaki is still a slimy slug (IMHO).
     
  6. MaestroDelWeb

    MaestroDelWeb Executive VIP

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    I think 99.9% of the "gurus" are slimy slugs there are no arguments from me there. Their real money was made in selling their high priced "how-to's" or seminars, except for maybe Trump.

    ****Edited before posting**** I added tons of background info on myself, but it's not really necessary.

    Kiyosaki has been shit-talked to the end of the world. A lot of the other gurus have been too. It doesn't make a difference whether ABC or anyone else has a dim view of him because most people know or believe he never really made money in real estate. It's the principals and lessons he teaches that are valuable. The book Rich Dad Poor Dad has literally changed several lives because of the views in the book (if you don't believe me go to investor groups/forums and I can guarantee you a high percentage of them will say this book changed their lives, not by giving specifics, but by motivating them). Shit the book changed Kiyosaki's life (he's rich after that book). It's a motivational book and it did what it was suppose to for several people. Fuck all of his other books, just read this one, then move onto whatever else you like to read. I'm not into reading a million books by the same guru (unless it's completely instructional) because like mentioned earlier everything after that is rehashed info with a little bit of stuff added to make you want to pay the price.

    Reed bad mouths a lot of people that most other's (not just paid reviewers) will admit changed their lives. A life changing situation no matter how shitty the complete details are but just the motivation the person gives, if you can inspire something that is life changing for the better I will give you my seal of approval. I don't think Reed really has gotten all the material he claims he gets either, I think he listens to third parties about information (although i can't prove it). As for investment info, damn the guy is almost 30 years out of the real estate investment market (his last purchase was in 1983), would you consider this guy's information to be up to date? I know I wouldn't. From 1969-1983 it looked like he would be doing big things, but why did he stop in 1983? That's a long gap for someone to try to write new shit. Shit information from 2005 is no good now at the end of 2007. Matter of fact things that were good at the beginning of 2007 might not even work now at the end of 2007 early 2008 because of the whole mortgage crisis. Also how can you really review new programs/gurus when you haven't done shit since 1983? If you're into doing real estate investment reviews and writing books how can you really review something or write about something without testing out the techniques or doing what you say? The answer is simple...it's called "rehash" Reed is the rehash master. If he doesn't think it makes sense he doesn't test it out he's just using rehashed info as his source and doing a complete (yahoo) mash up of everything he writes after. Why did this guy stop investing after 1983?

    I never heard of Armand Moran (just did a google search looks like this is the proper spelling) and let's say Armand is the richest man on earch, BHW because it's not as big as him is not a real comparison. BHW remember is a community, the only money made here is maybe from ads or member areas or whatever, Armand would have a completely different product. How about this let's compare BHW to S8 (for short)? S8 is more for the not so easy going webmaster that will tell you to learn to code or get your own shit coded and might even be bigger than BHW, but BHW is newbie and expert friendly and S8 members try to maintain an aura of superiority because you don't want to/won't/can't code your own shit. Don't get me wrong S8 is alright, but I prefer BHW. Anyway the point is it depends on your presentation and sales made doesn't mean your information is good or not. It's all on the presentation and after the initial presentation it's what is offered in the middle is the info offered good? If it is, even if you have the lowest sale quantity or lowest price if you're the best you will always be the best. Shit Kiyosaki's or any of the other gurus books can be bought for under $20 it's when you get into the seminars that's when you fall into the scams.

    Some people take years to successfully implement one idea. It's not about being successful, it's about never quitting. If you don't quit, sooner or later you'll be rich. I always say to myself I'm either going to die super rich or super broke. It's one of the two. I'll either be so rich I'm practically wiping my ass with $100 bills or I'll be so broke I'll be using newspapers to wipe my ass. The point is the persistent usually end up rich. Quitters end up broke. If one idea doesn't work, try to re-structure it, if that doesn't work try to re-structure it a few times until you realize the idea sucks or not and then move onto the next.
     
  7. webhat

    webhat Registered Member

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    Sorry to sidetrack a bit, what is S8?
     
  8. wavetowake

    wavetowake Newbie

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    yeh i heard this is bullshit...
     
  9. Wombat

    Wombat Registered Member

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    "Rich Dad Poor Dad" is bullshit? :eek: Say it ain't so Joe.
    Next you will be trying to tell me there is no Santa.

    Jeeze, what is it with Americans and self-help books? Do you need a book for everything?

    Seriously, I kid you not. I saw a book in the library called "How to shit in the woods"
    I took it off the shelf and it really was about shitting in the woods! A whole BOOK about how you should bury your poop or carry it away in plastic bags so as not to hurt the environment.

    As a one-time sales manager I can tell you that "Nothing is impossible for the man who doesn't have to do it himself"

    Talk is cheap. Look at Tony Robbins. The man is a huge success because he tells other people how to be a huge success. What else has he done? Err.. nothing.

    And even all the self help advice is bullshit.

    "You can be like me! I am a young extroverted white Alpha-male with a high IQ and a high energy level. You too can be just like me"
    Yeah, right.
     
  10. AboutBizz

    AboutBizz Jr. VIP Jr. VIP Premium Member

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    @webhat - S8 I think is Syndk8
    @vze2yqtm - we say most of the same things... however I disagree with you about Armand Morin thats his right spelling after checking) He does the Big Seminar which is one hellaciuous Pitchfest. And he also puts out software that pollutes the web with junk sites. He's successful becuz he appeals to peoples undying love to find the shortcut. He's one slug that should be streched out and have salt slowly poured on his sluglike body.

    YOu really need to find a middle ground about success...or switch to decaf...man you're too wound up and young to be so either -or in attitude ;)
     
  11. MaestroDelWeb

    MaestroDelWeb Executive VIP

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    Good post. I was actually anti-everything positive until the last couple (I won't even say few) years. I thought IQ alone could beat everyone at everything. The secret is play dumb, dumb everything you do down to the what you think is average level and take it from there. If your IQ is super high don't think outsmarting people will make you money because I've tried and it's a lose-lose scenario. You have to be on equal ground or worse do everything on an elementary school level. Notice the gurus make their ads that even a retard can understand it? That's what you want to do. I tried going for an intelectual crowd and guess what I spent a lot of money on a couple of occasions and lost money at the end of the day. Even Jay-Z the arguably greatest rapper alive admits to dumbing down his lyrics because his shit won't sell unless he does that. If you have a proven high IQ, from what I've seen, it's hard to be understood by other's. I always right everything in a super beginner's way because I want everyone to understand what I write and of course I swear more than a convict that's doing life.

    P.S. You're right it is Armand Morin. The toolbar pushed me towards the Moran and the results seemed right. Either way my point is the same whether he was Tony Robbins or whoever he is.
     
  12. stan

    stan Newbie

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    I love that book. It really inspired me . One of the first books I actually read without it being a class assignment.
     
  13. Wombat

    Wombat Registered Member

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    Oh gawd yes! Been there done that. If I so smart why ain't I rich?