Thursday, February 12, 2015

Robert Kiyosaki~ "60 Minutes To Getting Rich" Robert Kiyosaki




Published on Nov 11, 2014
Robert Kiyosaki's Speech At Ignition 2014 - Quality Passive Income
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CLICK HERE : http://www.linktoclickhere.com/learn-...
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Robert Toru Kiyosaki (born April 8, 1947) is an American investor, businessman, self-help author, motivational speaker, financial literacy activist, financial commentator, and radio personality.

 Kiyosaki wrote the Rich Dad Poor Dad series of motivational books and has created other material published under the Rich Dad brand. He has written over 15 books which have combined sales of over 26 million copies.[3]

Three of his books, Rich Dad Poor Dad, Rich Dad's CASHFLOW Quadrant, and Rich Dad's Guide to Investing, have been on number one on the top 10 best-seller lists simultaneously on The Wall Street Journal, USA Today and the New York Times.

Rich Kid Smart Kid was published in 2001, with the intent to help parents teach their children financial concepts. He has created three "Cash flow" board and software games for adults and children and has a series of "Rich Dad" CDs and disks.

A financial literacy advocate, Kiyosaki has been a proponent of entrepreneurship, business education, investing, and that comprehensive financial literacy concepts should be taught in schools around the world.[4]

Kiyosaki also operates his own blog, acts a principal host on his YouTube Channel called The Rich Dad Channel, radio show called the Rich Dad Radio Show and maintains a monthly column on Yahoo Finance writing about his business endeavors and his perspective on global economics, investing, business, world financial markets, and personal finance

https://www.youtube.com/watch?v=cn0FM...


Reception

Larry Ludwig states the book's reception as having been polarized.[2]

There has been strong criticism of the book. John T. Reed, a critic of Robert Kiyosaki, says, "Rich Dad, Poor Dad contains much wrong advice, much bad advice, some dangerous advice, and virtually no good advice."

He also states, "Rich Dad, Poor Dad is one of the dumbest financial advice books I have ever read. It contains many factual errors and numerous extremely unlikely accounts of events that supposedly occurred."[3]

Kiyosaki provided a rebuttal to some of Reed's statements.[4]

 Slate.com reviewer Rob Walker called the book full of nonsense, and said that Kiyosaki's claims were often vague, the narrative "fablelike", and that much of the book was "self-help boilerplate", noting the predictable common features of such books were present in Rich Dad, Poor Dad.

He also criticizes Kiyosaki's conclusions about Americans, American culture, and Kiyosaki's methods.[1] The New York Times editor Damon Darling described the advice provided in the book are for people "who wants to live on the edge".[5]

Jonathan Clements from The Wall Street Journal strongly questions the book's view of mutual funds.[6] Michael Bacher was quoted as saying, "This guy pulls advice out of his behind and that his book is worth more as kindling than for its financial advice."

The book is a New York Times bestseller and has sold 26 million copies.[7]


Summary

The book is largely based on Kiyosaki's childhood upbringing and education in Hawaii. It highlights the different attitudes to money, work and life of two men (i.e. his titular "rich dad" and "poor dad"), and how they in turn influenced key decisions in Kiyosaki's life.
Among some of the book's topics are:
  • Kiyosaki's upbringing, business and investment ventures
  • assets and liabilities
  • what the rich, middle class and poor teach their kids about money
  • a primary residence as a liability rather than an asset
  • financial intelligence literacy
  • roles of business and financial skills, aptitude, and experience in financial success
Kiyosaki advocated his former mentor and American futurist, Dr. Buckminster Fuller's views on wealth, that wealth is measured by the number of days the income from your assets can sustain you, and financial independence is achieved when your monthly income from assets exceeds your monthly expenses.

Source: Wikipedia.org

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