Comments on: Advising is easy….

By: Balaji

Balaji — Thu, 25 Oct 2012 09:05:17 +0000

Yes, Chirag. I am also facing the same problem.

By: Srinivas

Srinivas — Thu, 25 Oct 2012 06:52:54 +0000

I have a different take on the same.

I am a relatively new bee in wonderland of finance(4-5 years old). Rich Dad poor dad is one of my first reads on the subject and i was captivated by the subject. I could identify with it on need for financial education in family and financial eduction in general. Though i read few more of his books, they didnot have much impact as the concepts are not very relevant. But one thing i can say, his first book reoriented my view towards finance.

As i read any book for the concept and not replicating verbatim, i still like the advise to be alert in propagating financial learning, at least in the immediate family.

I accept that his preachings are not relevant for this period and our country. His concepts like leveraging and others may be too dangerous, for lay investors. But as far as the main concept, getting financial knowledge is concerned, there is no dispute.

About the people who try to replicate his preachings verbatim, they are no different from persons who invest withour any plan.

By: Sanjay

Sanjay — Wed, 24 Oct 2012 10:45:37 +0000

@Chirag,
yeah. This blog is loading slower nowadays.

By: Chirag

Chirag — Wed, 24 Oct 2012 08:42:46 +0000

Same thing about personal bankruptcy vs corporate bankruptcy can be said for a few people in india too.

Note: For the past few days i have found this site being little bit slower than normal. Are other users experiencing the same?

By: Mira D

Mira D — Wed, 24 Oct 2012 06:11:45 +0000

Subrabhai, looks like Mr Kiyosaki did an “undhi topi” like merchants of old days, shifting all their assets to their wife’s, kid’s name when bankruptcy was imminent. also the money has been owed over what period? I guess the settlement judgement is appealable, so it will be ages before Learning Annexe sees anything.

By: Mira D

Mira D — Wed, 24 Oct 2012 06:00:32 +0000

I need to read more about this.
Increase your investing IQ is sitting on my shelf…maybe it will remain unopened.

By: mrhdk2012

mrhdk2012 — Wed, 24 Oct 2012 05:51:13 +0000

If he had really retired, he won’t be following such a hectic schedule on lecture circuit, etc..

Agree with Muthu, he made money only in books and not in investing.

I have attended his seminars in USA.

Many of of his ideas are faulty and can work only in certain markets and only during certain time frames e.g. buying houses using leverage.

By: Srivatsan V

Srivatsan V — Wed, 24 Oct 2012 01:18:57 +0000

Now is it advisable to read Kiyosaki’s books including the bestsellers “Rich Dad Poor Dad”, “Cashflow Quadrant” and “Guide to Investing”? Or are the principles in the above 3 books too far fetched to apply in reality Subra Sir?

By: Muthu

Muthu — Wed, 24 Oct 2012 01:12:36 +0000

Other than his first book, I never liked any of his other writings. It is repetitive, boring and chest beating. From what I understand, he became wealthy only through his books and monetizing the fame arising out of the same. He wasn’t wealthy before the book. In Hawaii, people only know his original dad who was a respected school teacher.

I can see through his writing that he is man of lesser morals. Like many, he made money by writing how other people can make money.