Robert Kiyosaki, author of "Rich Dad Poor Dad" was in Town - Is He A Fraud ?

[Mdm Tang]

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http://sg.finance.yahoo.com/news/being-kiasu-singapore-strong-suit-035654477.html




Robert Kiyosaki, author of "Rich Dad Poor Dad" was in Town - Is He A Fraud ?




Robert Kiyosaki, author of the best-selling financial self-help book "Rich Dad Poor Dad", said that being "kiasu" might be the reason why Singapore is so successful today.
In an interview with Yahoo! Singapore on Saturday, he contrasted this "scared to lose" mentality in Singapore with the mentality of other countries.

"That's really what Singapore's strong suit is — kiasu. It's in your blood. You know in Mexico, they don't have kiasu, they have Mañana, which is 'Do it tomorrow' and in Hawaii, they have 'Ain't no big thing' and they don't get anything done," he said.

Speaking at the National Achievers' Congress 2012 at the Singapore Expo, Kiyosak however, warned against complacency.

"Singapore is rich and happy at the moment and that's not good. America was like that at one point in time," he said.

When asked how to avoid getting complacent, the financial guru said, "That's why I think of myself as poor and I keep working. That's why I never think of myself as rich. I'm always in the process of getting richer."

Kiyosaki then went on to talk about how many people need a change of mindset from simply earning money to pay their bills to increasing their assets and cashflow.

"Focus on what you want to expand. If you focus on assets, your assets will expand. What people do, is they focus on expenses so expenses expand. It's like the law of psychology, you've got to change what you focus on."

At his two-hour seminar, where spoke before a thousand people, Kiyosaki also talked about the difficulty in getting really rich in Singapore as compared to America.

"The trouble with Singapore is it's a small country, limited land, five million people, smart and rich. That's a bad combination. That means in Singapore, you've gotta be really smart and really ambitious," he said.

The bright side, according to him, is that Singapore is great for business because of its "secure environment" and "secure infrastructure".

"If I were in Singapore, I would be in business, not real estate," he said. "Safety is a very important factor in money production. If you don't feel safe, you can't produce."

Commenting on the world's current economic situation, he concluded, "We have never been in this situation before. The world has never been in such a precarious situation. Anybody who says they know what's gonna happen is crazy cause at any moment, something can happen."


More From Yahoo! Finance Singapore

 

[drifter]

Re: Robert Kiyosaki, author of "Rich Dad Poor Dad" was in Town - Is He A Fraud

thailand have sabai sabai ...or cha cha .

 

[Mdm Tang]

Re: Robert Kiyosaki, author of "Rich Dad Poor Dad" was in Town - Is He A Fraud

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Many online articles said this Joker is a conman !!!


Why Singaporean never checked before paying hundreds and

hundreds od S$ to hear this Joker talk ??? :(



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http://www.mikekoller.com/robert-kiyosaki-is-a-fraud-2/



Is Rich Dad, Poor Dad (Robert Kiyosaki) a fraud?

He did not give details on how to become rich, no techniques, just general gibberish, it seems.

Kiyosaki of books and teachings have been criticized by some for lessons anecdotal, but have no concrete advice on what to do exactly. Many readers found his work very inspiring and educational, but some find no information to build. Kiyosaki said that his material is meant to be more of a motivational tool to get readers to think about money, rather than a step by step guide to wealth. He also said the books are supposed to be "interesting" for people, which rules involving a lot of technical material. At the seminar Learning Annex in New York in 2005, Kiyosaki shocked some audience members with comments stereotyped African-Americans in order to motivate. Questions were raised about Kiyosaki true business sense, especially in light its ubiquity, the vocal presence and confidence in the popular culture of financial advice. For example, Kiyosaki claimed in a column that investors in Mutual funds with a 2.5% annual tax would, over a long period of time, the discount of 80% of earnings to the fund. Kiyosaki repeated this assertion in a subsequent column, extending his criticism of mutual funds by saying they are for "Loser." Claim is Kiyosaki claim given by the founder of the Central Vanguard mutual funds, C. John Bogle. In an episode titled Frontline 401 (k) s: The New Plan retirement, for better or worse, Bogle also argues that the management fees gobble up about 2.5% of annual returns for investors and about 80% investor's long-term gains. He says management fees reduce the value of an investment of $ 1,000, over 65 years about $ 140 000 8% compounded annually for the modest sum of 30,000 at 5.5% compounded annually. Bogel solution is to use index funds to reduce substantially or eliminate fees. Kiyosaki has also been criticized for being too repetitive in its teachings. Some consider this tactic produce a "filler" material to show, it covers more material. Kiyosaki says he is a teaching style Intentional he feels is important. Kiyosaki has made appearances on PBS that are thought by some to be a bit more extended infomercials. This choice of programming has generally been controversial among viewers of PBS, and is subject to the review of John T. The Reed Kiyosaki Critics working Kiyosaki thought that some of his tips for being financially poor or even dangerous. For example, he advocates focusing on few "good investments" rather than diversifying or putting money into 401 (k) s. Kiyosaki advocates taking risks and recommends that people "have guts "to take risks. These views conflict with the views of conservative investors. Kiyosaki of games have been criticized for be too expensive – $ 200 for the most expensive cash flow 101. USD Kiyosaki downplays the traditional / higher education on the importance financial success. There are individuals who oppose this statement, as well as studies to the contrary. Some have questioned Kiyosaki status as an investor and successful businessman before forming his current company, CASHFLOW Technologies, Inc. They argue that his wealth came only Following the sale of books and audio presentations on topics he has not personally been able to and that is probably much less than 50 million USD 100 million it has already said in an interview. They note that he claimed to be bankrupt as recently as 1985, a high school dropout and an Army deserter. Some of these articles do not agree with the records and may have been declared for the "tragic consequences". In several of his books, he makes claims about his achievements that appear to be exaggerations, fabrications or mistaken. It can be difficult to discern fact from fiction and anecdote in many of his works. Some readers believe that Rich Dad is fictitious and that Kiyosaki created as a substitute author (a literary device). In the past, argued that Kiyosaki Rich Dad really existed, but died decades before the book was published. However, he never revealed his name or other identifying information. The attempts from outside to determine the identity Rich Dad's finding did not reveal a candidate, despite the importance such a wealthy individual would probably have been to Hawaii in the 1950s. In February 2003 SmartMoney magazine, Kiyosaki seemed back his claim that his "father rich "was a real person, instead stating" Harry Potter is real? Why do not you let Rich Dad be a myth, like Harry Potter? ". Some supporters claim to have Kiyosaki studied the issue and find the idea that "Rich Dad" is really a man (now deceased) named "Richard Kimi." In his latest book but he says that Rich Dad was actually real, but asked the family not to disclose the name indvidual. Kiyosaki is also an endorser of network marketing (like Amway, Tahitian Noni, Mary Kay, Quixtar, Juice Plus, etc.). He reasons in his book, The Business School for those who like helping people, that companies with the skills necessary to own a successful business, such as leadership, ability to sell and teach, and emotional intelligence. Critics say he supports the industry in order to sell more of his books and materials to their members. On September 19, 2006, Kiyosaki wrote in a Yahoo Finance that the NYMEX is an exchange where "belly pork orange juice … are negotiated. "Actually, no orange juice or pork bellies are traded on the NYMEX. *** The book is really good, so ***

 

[Mdm Tang]

Re: Robert Kiyosaki, author of "Rich Dad Poor Dad" was in Town - Is He A Fraud

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http://www.youtube.com/watch?v=8F98lS4JR8c&feature=player_embedded#!




Robert T Kiyosaki Interview pt 1

 

[laksaboy]

Re: Robert Kiyosaki, author of "Rich Dad Poor Dad" was in Town - Is He A Fraud

Many wanna-get-rich-quick yuppie types adore Kiyosaki and read his books as if they are religious scripture.

They will not listen to you if you say anything bad about him.

 

[Leongsam]

Re: Robert Kiyosaki, author of "Rich Dad Poor Dad" was in Town - Is He A Fraud

He's the guy who convinced me that I was wasting my time working for others so that they could get rich.

He doesn't provide a magic formula for success. What he does is change ones mindset.

 

[drifter]

Re: Robert Kiyosaki, author of "Rich Dad Poor Dad" was in Town - Is He A Fraud

this guy is telling ppl things that we already know ...can he tell us things that we dont know ?

 

[drifter]

Re: Robert Kiyosaki, author of "Rich Dad Poor Dad" was in Town - Is He A Fraud

He's the guy who convinced me that I was wasting my time working for others so that they could get rich.

He doesn't provide a magic formula for success. What he does is change ones mindset.

sam , you mean before that you dont know working for ppl will make your boss rich ?

 

[Mdm Tang]

Re: Robert Kiyosaki, author of "Rich Dad Poor Dad" was in Town - Is He A Fraud

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Basically asking people to leverage up : borrow to buy assets earn


recurring income

 

[drifter]

Re: Robert Kiyosaki, author of "Rich Dad Poor Dad" was in Town - Is He A Fraud

if you want to achieve your dreams..... you must follow them, and the best way to follow them is not to think about wanting to be very rich, but to think about doing something that you really want to do.

 

[Mdm Tang]

Re: Robert Kiyosaki, author of "Rich Dad Poor Dad" was in Town - Is He A Fraud

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Robert is a Salesperson .


His Product = Robert Kiyosaki


and many people pay alot of money for this product :(

 

[drifter]

Re: Robert Kiyosaki, author of "Rich Dad Poor Dad" was in Town - Is He A Fraud

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Robert is a Salesperson .


His Product = Robert Kiyosaki


and many people pay alot of money for this product :(

his product is selling dreams

 

[Mdm Tang]

Re: Robert Kiyosaki, author of "Rich Dad Poor Dad" was in Town - Is He A Fraud

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yup , selling dreams .

but first must buy a ticket , from him , then can go inside dreamland

He becomes very rich just by selling tickets ( to dreamland ) :(

 

[drifter]

Re: Robert Kiyosaki, author of "Rich Dad Poor Dad" was in Town - Is He A Fraud

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yup , selling dreams .

but first must buy a ticket , from him , then can go inside dreamland

He becomes very rich just by selling tickets ( to dreamland ) :(

his selling dreams not to make ppl rich but make myself rich

 

[Mdm Tang]

Re: Robert Kiyosaki, author of "Rich Dad Poor Dad" was in Town - Is He A Fraud

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Robert Kiyosaki, although it sounds strange, had two fathers. Rich dad and poor dad. Biological father, PhD, head of education for the State of Hawaii, had always not enough money and died in debts. Second one, that left shool at the age of 13, realised his life plans and become one of the most rich people on Hawaii.

Kiyosaki is best-known for his books on investing. His first bestseller was titled Rich dad poor dad , and is an attempt to change the mindset of the average employee. Kiyosaki talks about his "poor dad", his actual father, who had very little real net worth, as well as his "rich dad". According to Kiyosaki, his rich dad was his best friend's father who became very wealthy by investing his smaller income into income-producing investments, and became truly rich.

Kiyosaki uses the "rich dad, poor dad" comparison to illustrate his view that the majority of people are stuck in what he refers to as "the rat race" - living paycheck to paycheck and spending all of their time working to pay bills. In his books, Kiyosaki advocates tax-advantaged investment vehicles, such as real estate or businesses, rather than the traditional individual ownership of securities. He describes what he calls the cashflow quadrant, which is an attempt to differentiate between Employees, Self-employed or Small business owners, Businesspeople (as in those who buy and sell businesses, rather than running their own), and Investors.

 

[Narong Wongwan]

Re: Robert Kiyosaki, author of "Rich Dad Poor Dad" was in Town - Is He A Fraud

Is he considered a motivational speaker?
I have heard enough of them, even bill clinton....some are interesting enough others are downright boring....and could not motivate me one iota. Maybe it's just me but there are enough of believers to keep them in business.
Sinkieland got our own adam khoo who tried to market himself as related to khoo teck puat.

 

[Leongsam]

Re: Robert Kiyosaki, author of "Rich Dad Poor Dad" was in Town - Is He A Fraud

this guy is telling ppl things that we already know ...can he tell us things that we dont know ?

It wasn't that I didn't know. I just wasn't thinking about it.

I was earning good money. I was enjoying the perks of employment eg club memberships, business class travel, company car etc so my mindset was one of letting others take the risks while I enjoyed what I considered to be an excellent "stable income".

After reading his book however, it made me realise that employment wasn't as risk free as I first thought. It had lots of downsides without the upsides of self employment.

What made the biggest impact on me was the chapter about taxes. When you're an employee, the tax man has the first bite of your income. You can only spend what's left over after taxes have been deducted.

However, when you're self employed, you get the first bite and the govt only gets what's left over after all "business expenses" have been deducted.

When I finished the book, I put it down and realised that from the next day onwards, I was going to live my life with a new set of rules. The rest, as they say, is history.

Don't read the book if you're looking for a proven formula for making millions. You won't find it. Everyone is different and you need to choose a field which suits your own strengths. What the book does do is make you dissatisfied with your pathetic life as an employee and dissatisfaction is the stepping stone towards better things.

 

[I_Hate_Pappies]

Re: Robert Kiyosaki, author of "Rich Dad Poor Dad" was in Town - Is He A Fraud

It wasn't that I didn't know. I just wasn't thinking about it.

I was earning good money. I was enjoying the perks of employment eg club memberships, business class travel, company car etc so my mindset was one of letting others take the risks while I enjoyed what I considered to be an excellent "stable income".

After reading his book however, it made me realise that employment wasn't as risk free as I first thought. It had lots of downsides without the upsides of self employment.

What made the biggest impact on me was the chapter about taxes. When you're an employee, the tax man has the first bite of your income. You can only spend what's left over after taxes have been deducted.

However, when you're self employed, you get the first bite and the govt only gets what's left over after all "business expenses" have been deducted.

When I finished the book, I put it down and realised that from the next day onwards, I was going to live my life with a new set of rules. The rest, as they say, is history.

Don't read the book if you're looking for a proven formula for making millions. You won't find it. Everyone is different and you need to choose a field which suits your own strengths. What the book does do is make you dissatisfied with your pathetic life as an employee and dissatisfaction is the stepping stone towards better things.

I don't read any of these books and attend any of these seminars. To me it's the attitude of a person that matters. This guy can be your personal guru but if the appetite is not there, nothing will work out. All these are pretty "textbook" sort of logic, but if you are not there, you are not there.

 

[Leongsam]

Re: Robert Kiyosaki, author of "Rich Dad Poor Dad" was in Town - Is He A Fraud

I don't read any of these books and attend any of these seminars. To me it's the attitude of a person that matters. This guy can be your personal guru but if the appetite is not there, nothing will work out. All these are pretty "textbook" sort of logic, but if you are not there, you are not there.

Most seminars have not done a thing for me either. However, for some reason, Kiyosaki's book changed me from a satisfied employee to a discontented one. It made me want to try self employment.

 

[Scrooball (clone)]

Re: Robert Kiyosaki, author of "Rich Dad Poor Dad" was in Town - Is He A Fraud

He's the guy who convinced me that I was wasting my time working for others so that they could get rich.

He doesn't provide a magic formula for success. What he does is change ones mindset.

You were inspired by a man who got rich by selling you get-rich books?