The author's CONSTANT and INCESSANT use of phraseology that seems to build up his conspicuous opulence really bugs me to no end. I, myself, will someday be a millionaire, and I can assure you that there is no way on earth I could afford spending $70,000 on a Porsche... Not a chance! And then there is the glaring BS - the fact that he makes sure to point out in his book that he likes to keep his income small and his bills low. What, with that Porsche, Mercedes, and Armani suits he keeps talking about? John, like you, I went to both public and Catholic schools growing up. I can understand his disgust with the school system's lack of financial education. However, my mother is a teacher, and we have discussed this topic at length. We both concur that IT IS THE RESPONSIBILITY OF SCHOOL TO MAKE REASONABLY LITERATE PEOPLE... PEOPLE WHO CAN BALANCE THEIR CHECKBOOK AND, HOPEFULLY, AVOID BANKRUPTCY. IT IS NOT THE DOMAIN OR THE RESPONSIBILITY OF SCHOOLS TO TRAIN MILLIONAIRES! So, I can see how it might be disturbing that schools do not teach this information, but I feel that this is yet another example of "passing the buck"... expecting schools to pick up the slack where the parents can't or don't fulfill their first and foremost responsibility to their children for education. That really irks me deeply." Sean Clark "Dear John, How fantastic that you are taking the time to publish financial information on the internet. I have recently read Rich Dad Poor Dad, which I'll admit I found very exciting and inspirational - as a recent graduate I have never thought about money as in way but a hassle - the "don't have any" kind of hassle. Here is a book which encouraged me to think about my money in new way. Luckily, MY dad ( a POOR DAD by the book standards) has always encouraged me to make up my own mind about things by doing the research for myself. I started by trying to look for criticisms of the RDPD method, and reading your critique has definitely been thought-
provoking and helpful. I will be approaching any investments I make with much more care and preparation". Carry on the good work! Regards, Kristi Jarvis, New Zealand "I've never heard of you, but I did find your comments on this novel to be dead on. My dad bought me "Rich Dad, Poor Dad", probably after his wife saw something on Oprah, or got a recommendation from a friend. I'm only 23, but I majored in Economics and have invested on my own for 3 years, and I found the book really lame. I tried as hard as I could to get something out of the book because my dad gave it to me and I wanted to impress him. After reading it, though, I just had this real uneasy feeling. I wasn't able to place it until I read your analysis - he does, as you say, seem like "he was scarred deeply by that humiliation" of growing up poor. Anyway, good job - I enjoyed reading your web site." Regards, Kevin Brock, San Jose "Very good - Thank you I am astounded at the depth and completeness of your writing." Respectfully, Jon Cole, home builder "Just got through reading your review of the subject book and had to write to tell you that you performed a real public service in taking this pop investment book apart. I read the book a while back and while I found it mildly amusing there was absolutely nothing in it of any real value to real investors. Your dissection of the reasons for this was both incisive and entertaining. â€¦I found your Aggressive Tax Avoidance... book of great value and still consult it some 5-8 years since I first came upon it. Also You need to know that it is totally out of character for me to write such a fawning note to an author, but please put me down as an admirer of someone like you who can cut through the crap and tell it like it is. Thanks again." Irv Halland/ Saratoga CA "I am 22 years old professional, I own my own home and I am looking to invest in rental properties as a means to financially support the less lucrative career I desire to have. I just wanted to say THANK YOU for your guru critique page. I saw the episode of the Oprah show with guest Robert Kiyosaki (Rich Dad, Poor Dad). I decided to see what this guy was all about and bought the book Rich Dad, Poor Dad. After reading it I had so many unanswered questions. I didnâ€™t understand how to begin to do the things he suggested and why he would give away such valuable "secretive" information to the entire world. I caught a few of the inconsistencies you pointed out in your analysis and couldnâ€™t decide if my hunch was right, or if I just wasn't investor savvy enough to apply these "amazing" secrets. Although I donâ€™t 100% agree with your analysis, (I did at least find the book to be motivational and give me the "I can do this" push I needed to further research more proven methods and other resources) it did provide some valuable insight to the many scam artists out there looking for beginner investors just like me. Thanks again, your website is a great resource." Regards, Stacy D. Scholz "Thanks for the nice hard wet slap across the face. I definitely needed it. I can't explain what happened other than I let my guard down. Knowing that I like to read on various business subjects, my wife recommended that I get Kiyosaki's "Rich Dad, Poor Dad." She had heard wonderful reviews about the book. It was an impulse purchase which, should have been my first indication of what was to come. I breezed through the book and became motivated. Here was a great statement about the lack of financial education in our school system. Here was an interesting little story about a father figure helping to educate a boy about money. I admit it. I got sucked in and realized it after I read your review of the book. I thought to myself, "How could I let this happen? I have an MBA with a concentration in Finance, how could I just blow through the most basic concept of the time-value of money or some of the other inaccuracies?" In retrospect, several reasons come to mind as to why I fell for it. The first is that I was reading the book for entertainment not content. Another, the statement of the lack of financial preparedness in our education system struck a cord with me. I looked for reasons in the book to support that statement. "Yeah, down with the man!" There are several other reasons that would be too long to list. The end result is that I fell for the hype and frankly feel very foolish and embarrassed. Thanks your verbal Aqua-Velva I realized the clarity of my mistake." Regards, Chad Schneider, San Francisco, California "Hi, my son (14 yrs) thought I should read Kiyosaki book RICH DAD, POOR DAD. I did.....and I am found him to sound like a AMWAY sales person. The give away was the cowboy boots, he was wearing!! Every person that I have come across who wears cowboy boots.....are not who they are. There was only one truth in the book...â€˜learn how to write a best seller.â€™" M. Nicholson "I agreed with what you have written. I am a fan of Robert Kiyosaki. I have all his tapes, books, his autograph and even a picture of him. But NEVER in any page of his books, did he at least give 1 single plan for wealth creation. Not even a single formula. He once said in his tapes that he "does not want to insult the readers' intelligence by telling them the steps." But what about [beginners]? They have no intelligence in the field of wealth creation. What intelligence is there to insult in the 1st place?" Tan Soon Chye "I just wanted you to know I thoroughly enjoyed your in-depth review of Robert Kiyosaki and his book "Rich Dad Poor Dad." I've always thought of him as somewhat of a quack so far as financial advice is involved, and found what he preaches to be a bit on the shady side. It's hard to believe that the wealthy accumulate money by taking questionable business deductions, or using insider information to play the stock market. His message has a dark tone, implying that in order to get ahead one must abuse the system or take advantage of others. I fail to understand how his book got a 4.5 average rating out of 5 stars at Amazon.com, from over 300 reviews. Either I'm not getting it, or there are a lot of clueless & illogical thinking people out there."
John T. Reed, a.k.a. John Reed, Jack Reed, 342 Bryan Drive, Alamo, CA 94507, Voice: 925-820-7262, Fax: 925-820-1259, www.johntreed.com