Robert Kiyosaki returns to Oz in May

[Jack Payback]

Jack its not Kiyosaki's advice on what to do that people like but the way he shifts peoples thinking..... you obviously dont like him and thats fine, but his books for a beginner are top value IMO.

I don't like or dislike him, I've read a lot of his books, what I am saying is, he constantly contradicts himself - so which piece of advice should I listen to? The part where the advice breaks tax laws?

So if you want to pay to go to a seminar - caveat emptor.

Motivating people to get hands on about their finances is fine, but bear in mind if you get caught out by the ATO, you're the one that gets zapped, not Mr Kiyosaki.

 

[Ageo]

I don't like or dislike him, I've read a lot of his books, what I am saying is, he constantly contradicts himself - so which piece of advice should I listen to? The part where the advice breaks tax laws?

So if you want to pay to go to a seminar - caveat emptor.

Motivating people to get hands on about their finances is fine, but bear in mind if you get caught out by the ATO, you're the one that gets zapped, not Mr Kiyosaki.

If you read my previous posts you would have noticed i have only read some of his books and that was enough for me. It introduced me into the financial world and helped me go from the 95% to the 5% in thinking.

I still remember the river story of the water buckets and the guy that built a pipeline. Simple principles to follow in life that can get your thought process on track.

 

[theasxgorilla]

I find it funny that people seem to think that Kiyosaki advocates real estate speculation. Have you actually read his books?

I think too many people read summaries and skip the details. Kiyosaki advocates buying assets not for capital appreciation, but for cash flow. That doesn't sound like speculation to me, but value investing.

Yes, I've read several of his books. He wants you to go out and buy real estate and he doesn't just encourage "value investing". I learned about the concept of "flipping" from reading his books.