Real Estate Investing Advice: Rich Dad Poor Dad by Robert Kiyosaki
Have you heard about the book “Rich Dad Poor Dad”? If you’re into real estate investing, you sure did. If you’re into a course of getting out of the rat race, you definitely did hear about it too. And of course, you probably know it’s author, who’s been showing people the ways to getting rich for perhaps 20 years now. No other than, Robert Kiyosaki, a very well-known financing and real estate investing guru.
What can Rich Dad Poor Dad show you how to be successful? His ideas are about thinking outside the traditional box. One of the things he teaches us from the beginning is to not think of making money the old way. Yes, he says go to school and get a college degree. That is very important. But, don’t worry about the PhD and working as a college professor. Not that its necessarily a bad thing if you want to be a working stiff the rest of your life.
Rich Dad Poor Dad talks about the true, old tried and tested principles of real estate investing. Robert Kiyosaki’s advice is mostly about smart financing. Which is very timely nowadays that many homes are in foreclosure. According to Robert Kiyosaki, real estate investing is a way to have your brain power and create real wealth.
Robert Kiyosaki is well known for teaching people the principles in real estate investing, like finding the right properties, getting creative financing and really focusing on financial literacy as well as academic literacy. Only in this way can you really understand what you are buying, when to sell and when to hold.
There have been many people who have written about how to be successful, in real estate investing, in stocks, and in life in general. Rich Dad Poor Dad is not the first, nor will he be the last. But, Robert Kiyosaki has also had some amount of controversy around his successes.
There have been some investigations into whether Rich Dad Poor Dad example stories are really true. There have been questions regarding whether the people he speaks about in his book really do or did exist. In fact, some suggests that the Rich Dad was really made up in order to make the book more believable.
Robert Kiyosaki was sued his the co-author of the book Rich Dad Poor Dad. The reason? I and Robert Kiyosaki himself do not know. One thing for sure though, anybody who gets sued, is sued for something dastardly and frivolous lawsuits can backfire on you.
Regardless of the allegations about fictional characters, Rich Dad Poor Dad author Robert Kiyosaki does give some sound advice about financing and real estate investing. But, there is also another important point. The information he gives is not new. Robert Kiyosaki is also not the only person who gives out this type of advice. If that’s true, would you want to invest your time or money with someone who has that much controversy surrounding him or who’s been sued in the past?
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