The simple answer is 'No'
Because his lectures are too anecdotal, overly broad and promote high-risk schemes, i.e.,
MLMs, a specialized portfolio vs. diversification, etc.
| Cashflow Quadrant, etc. -- Good but not specific
enough., January 12, 2002
Reviewer: John P. Bitondo |
| I have one major complaint with
Mr. Kiyosaki and that is he lacks specific strategies to move from one
quadrant to another. Mr. Kiyosaki is excellent at distilling the information
he does present but sounds more like a cheerleader. I got the basic premise
in two chapters and then waded through an endless repeat of the same information
for the rest of his books. I agreed with his conclusions of how the rich
think and conduct their affairs but he does not get into how one can move
from the E quadrant to the B or I..
I had recently watched his seminar on a local PBS station and was posed this exact question "How does one from the E quadrant with a limited income move to the B or I"? Mr. Kiyosaki's answer to the question posed to him was a round about evasion on tax advantages. His answer is how all his books are written; no real advice on how to move from poor to rich. The poor are poor for some of the reasons Mr. Kiyosaki gives but does not go into socio-economic factors that also effect class other than outlook on money. Mr. Kiyosaki does tell us to start part-time business and his only advice to that is start a MLM business. Anyone who has a brain and investigated these business will know the scam that they are and are not a path to wealth for 99.99% of the suckers involved. MLM only makes money for those at the top of the pyramid. Mr. Kiyosaki never tells us how to
secure a business loan with no assets or how to invest so as to maximize
profit and reduce risk. Mr. Kiyosaki believes that debt helps us get rich,
he tells us about good debt and bad debt but once again how do we get the
loans? What do we need to do to make a banker approve a loan for Real Estate
investment? In conlusion his books are all style and no real substance.
There is not one strategy you can implement after you have read his books
to move quadrants and go from poor to rich.
|
| Poorly organized, February 13, 2002
Reviewer: Robert Foster |
| Mr. Kiyosaki does present some good
ideas in this but they are buried in redundancy and the book could easily
be trimmed in half.
The presentation is not well organized and any guidance offered tends to change depending on how he's trying to persuade the reader. For example at one point he tells us the "Rich" aren't at all risk averse, yet later they only undertake risk if they know the outcome to be assured of success. The book does contain numerous positive elements which are invaluable to understand. His discussion of the perfectionist nature of the self-employed, is insightful regarding their inability to trust others and thus limit growth of their business. In the aftermath of Enron and the ensuing questionable accounting practices of other public companies I believe his advice against diversification is not in the best interest of most people. The non-diversified employee 401k plan is presently the source of considerable discussion. Perhaps Mr. Kiyosaki could better his argument for this strategy by explaining the positive and negative arguments for and against the diversified portfolio and illustrate weaknesses in the theoretical models which are in use by mutual fund companies today. The two pages of debt reduction strategy at the end of the book are very useful to those who are plagued by debts, but only if one is disciplined and can keep Mr. Kiyosaki's lessons in mind afterward. |