73 of 75 people found the following review helpful
Good for a beginner - that's it!,
By A Customer
This review is from: Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Paperback)
This book is great for those who are ready to think differently about money, namely, rather than having to work hard for money, have money to work hard for you (paraphrased from the book). Major points of this book are:
* thoughts produce reality (in this case, your financial reality)
* increase in financial knowledge is necessary to increase financial intelligence
* ways to increase financial intelligence
The author heavily promotes the game he created, "Cashflow", for those who wish to increase their financial intelligence. He also has a website, [...] which contains details of their coaching program. Naturally, I am interested, because I admit that I need to increase my financial intelligence. I have personally called them up in attempt to understand what is involved with the program. They have a screening process to see if the prospect is ready to be coached. The price tag is $2800 USD for 3 to 4 months coaching. When asked what the success rate is, the program administrator couldn't answer it straight - she said it depended on what each person meant by success. The program came with a warranty - called "no option for failure warranty". It was explained that the coach wouldn't let the student to be on their own before they are ready. How they determine the readiness was not given. The program administrator also said if I cannot pay the $2800 right now, it is best for me to "leverage it" on my credit card. The last straw came, when I asked whether I can call up 3 students to see what experiences they have gone through with the program. She told me in a pissed off, very cold tone of voice, that Robert Kiyosaki's reputation is good enough, and that she sensed I had too much fear in me (to proceed with the program). Then she used a pressure tactic: that people who fear too much analyze too much, and miss the opportunities that come to them. I told her, that I've made enough mistakes in the past that I do not wish to repeat. $2800USD is a lot of money, and I would like to check their references. Rather than giving me 3 names of people in my local area to call, she told me to get Robert Kiyosaki's other book, "Success Stories", to read about their testimonials (great money making scheme here).
I recommend Harry S. Dent's books for further education about finances (rather than using Robert Kiyosaki's programs and products - there's a lot of greed in their selling tactics, and I'm uncomfortable with that).