Rich Dad Poor Dad......creditability debate

[bopa media]

John Antiaco's name is NOWHERE on that report. If his name is not on that report, would that not explain how Kiyosaki's name is not being retrieved? If with that, wouldn't that debunk your argument of Kiyosaki lying about taking companies public?

i just typed in Antioco a name and that poped up. The website doesnt go back past 94' but i was able to find it on my bloomberg terminal, do you have a bloomberg account? if not i'll try to figure out how to upload it on here somehow

edit:

not off the terminal but off bloomberg website, the terminal is awesome it has everything so im still workin on the download off that


http://search.bloomberg.com/search?q...ylesheet=wnews


another one off secinfo

http://www.secinfo.com/$/SEC/Filings.asp?AN=0000930661-03-001225&Find=Antioco&Page=1&List=Docs&Show=Each

[jasaunders]

H. Wayne Huizenga was Chairman of the Board and Chief Executive Officer at this time. And his name is listed in the SEC filing.
Plus, Antioco is spelled as such.

[Cognition]

"Antioco" is not on the report as well.

[Cognition]

Give me the exact place where i implied that RK was evil. Simply saying that i implied something does not make it true.

I never stated that you implied that RK was evil. Read carefully.

John T. Reed provides a thorough analysis of the author's books.
http://www.johntreed.com/Kiyosaki.html

Specifically:
Now admits ‘fictionalizing’
On 8/15/01, a reader told me Kiyosaki now has the words “Although based on a true story, certain events in this book have been fictionalized for educational content and impact,” in the fine print on the copyright page of Rich Kid Poor Kid. I had not previously been aware that “educational content and impact” justified lying. Also, I am now confused as to why Kiyosaki’s books are on the nonfiction best seller list if they are fictionalized. Probably because as A Million Little Pieces author James Frey discovered, it’s a lot easier to be a best-selling author with a fictional book labeled non-fiction than with a novel.

Nice try. Having certain [meaning few] fictional elements in book [despite the overwhelming majority of it is non-fictional and/or purely informative] does not constitute as Kiyosaki having "misguided" or "non-factual information" as the basis for his material. My goodness – he even put out the notice himself!

This is a poor rebuttal, because you still haven't made light of what actually is FICTIONAL, nevertheless its insignificance.

Are you so naive as to think that "cashflow management" is the crux of financial literacy?

I never said it was the core of financial management. It is undoubtedly a major part of financial literary - knowing how to manage the money a household receives from earned income.

Get back to planet Earth.

i've tried to get you to see the error that exists

My goodness, the stench of your arrogance just reeks the more...There's no error on my part. Start looking at your own.

i now know it is simply a fruitless endeavor.

I'll say so, especially when you're the one who's wrong.

Go ahead and believe what you want to believe.

As if I needed your permission in the first place.

[DXTINC]

LOL if you spent half the effort on this supposed blog of yours as you did dedending your pal Kiyosaki the snake oil salesman you'd be rich.

Harvard, etal you cannot enlighten closeminded morons like CDallen. He obviouslly has an agena and that agenda is preaching to other likeminded, uneducated, gullible youths. Because they are ignorant they cling to thier beliefs and will defend them to the bitter end no matter how ridiculous they appear to everyone but themselves and their fellow worshippers.

[Cognition]

LOL if you spent half the effort on this supposed blog of yours as you did dedending your pal Kiyosaki the snake oil salesman you'd be rich.

What happened to putting me on your "ignore" or "block" list that you mentioned a while back? Or was that another one of your lies?

[tnz917]

Hmm odd how when i go to the SEC's website and search Kiyosaki it returns NOTHING, yet he claims to have taken multiple companies public and be large share holders in others.

here's my search link, dont know if it will work but it's simple you can try yourself

http://www.sec.gov/cgi-bin/txt-srch-...ance&sort=rank

Well, RK never explained properly how he got to where he is. He only explained why did he go where he is.

Maybe he invested in international stocks, who knows. There would always be what ifs.

[radreality]

Hmm odd how when i go to the SEC's website and search Kiyosaki it returns NOTHING, yet he claims to have taken multiple companies public and be large share holders in others.

here's my search link, dont know if it will work but it's simple you can try yourself

non-EDGAR Search

I have never heard RK say anything about him taking companies public. The only thing I have heard is that he is in the process of learning how to do it and wants to do it some day.

Get your facts straight.

______________________________
Robert Falk
Business Developer / Investor
Self Help & Success Forum

[eich41]

Here is the point that everyone is missing. It is irrelevant what Kiyosaki has/hasn't done. It all comes down to the ideas and principles he talks about. Although at times he can make complex theories and deals seem overly simplistic, he does bring a non-traditional way of thinking that bucks conventional wisdom, although at times it can come across as a "get rich quick" scheme. Far too many people have been preached old financial planning principles (pay down all debt, save money, invest in mutual funds, etc.). These principles are simply outdated. Not all debt is bad debt, simply saving your money won't get you anywhere and in fact can result in lost purchasing power, and over 80% of mutual funds underperform the market on top of added fees, etc. I could go on and on about the flaws in the conventional wisdom that we have been preached.

The truth is the key to acquiring wealth is strategic use of leverage. Without leverage, chances are you will never become wealthy, unless you win the lottery or happen to find a extremely low cost business that you can bootstrap both of which are pretty unlikely.

I could continue my rant but I don't feel like typing a novel. The bottom line however, is that although I don't always agree with RK's principles and ideas at least he brings a fresh viewpoint to the traditional world of personal finance. And like ANY other financial "guru" he makes some very valid points and some that are not, but when taken with a grain of salt there is value in his books regardless of his background.

[radreality]

Here is the point that everyone is missing. It is irrelevant what Kiyosaki has/hasn't done. It all comes down to the ideas and principles he talks about. Although at times he can make complex theories and deals seem overly simplistic, he does bring a non-traditional way of thinking that bucks conventional wisdom and at times it can come across as a "get rich quick" scheme. Far too many people have been preached old financial planning principles (pay down all debt, save money, invest in mutual funds, etc.). These principles are simply outdated. Not all debt is bad debt, simply saving your money won't get you anywhere and in fact can result in lost purchasing power, and over 80% of mutual funds underperform the market on top of added fees, etc. I could go on and on about the flaws in the conventional wisdom that we have been preached.

The truth is the key to acquiring wealth is strategic use of leverage. Without leverage, chances are you will never become wealthy, unless you win the lottery or happen to find a extremely low cost business that you can bootstrap both of which are pretty unlikely.

I could continue my rant but I don't feel like typing a novel. The bottom line however, is that although I don't always agree with RK's principles and ideas at least he brings a fresh viewpoint to the traditional world of personal finance. And like ANY other financial "guru" he makes some very valid points and some that are not, but when taken with a grain of salt there is value in his books regardless of his background.

amen. I tried to make a couple of those points with an earlier post but people were too caught up on finding fallacies with RK to pay attention, maybe they'll pay more attention to your post.

______________________________
Robert Falk
Business Developer / Investor
Self Help & Success Forum

[bopa media]

I have never heard RK say anything about him taking companies public. The only thing I have heard is that he is in the process of learning how to do it and wants to do it some day.

Get your facts straight.

Watch the show on CNBC with all those "millionaire mentors" he's talked about it several times

[eich41]

amen. I tried to make a couple of those points with an earlier post but people were too caught up on finding fallacies with RK to pay attention, maybe they'll pay more attention to your post.

Probably not, they would have to stop arguing. What fun would that be? One other thing you have to give RK credit for is that it takes guts to go against the grain. He has received a lot of criticism for his views. I've always said that you can't become wealthy by doing something that's already been done. You know at one point in time the world was flat and Columbus was a fool...

[radreality]

Watch the show on CNBC with all those "millionaire mentors" he's talked about it several times

I think you are misinterpreting what he has said. All I have ever heard is that he has mentors that are taking companies public that are showing him how to do it. He has never done it himself though. He wants to do it and he is an advocate for doing it since history has shown that it is a way to create tremendous wealth, its a complicated procedure so he is taking his time and learning what he needs to know.

Sometimes the people interviewing him (or whatever they are doing) mis-state information, so you have to listen to the words that come out of RK's own mouth.

______________________________
Robert Falk
Business Developer / Investor
Self Help & Success Forum

[radreality]

Probably not, they would have to stop arguing. What fun would that be? One other thing you have to give RK credit for is that it takes guts to go against the grain. He has received a lot of criticism for his views. I've always said that you can't become wealthy by doing something that's already been done. You know at one point in time the world was flat and Columbus was a fool...

very true.

______________________________
Robert Falk
Business Developer / Investor
Self Help & Success Forum

[Grev]

I think he has done more for people than just comparing his views to financial experts, in the end, should be compared to the population as a whole.

Analogy: I don't think high school maths is very beneficial to physicists but it's very good to the general public...