I’m sure you’ve read Rich Dad Poor Dad or at least heard about it. This guy gives his thoughts of Robert Kiyosaki and his book Rich Dad Poor Dad.
Another Kiyosakism that is just plain bad advice is his views of the stock market and 401Ks. He makes fun of mutual funds and 401Ks and, worse yet, says that 401Ks are not investments. The reality is that a 401K with well selected stock mutual funds is one of the best investments that you can ever make. In his PBS show, Robert Kiyosaki put on some large funny looking glasses impersonating and poking fun at a financial advisor who would always say: “Work hard, save money and diversify”. According to Robert Kiyosaki, working hard, saving money and diversifying your investment is a bad idea. I couldn’t disagree more.
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Why do you say that you couldn’t disagree more. You state that 401k’s are the best, but you don’t explain why. I’m curious to see your take on the subject.
By the way, I found that PBS video on youtube and posted it on my blog. I thought it was actually pretty good.
S. Florida Real Estate Investor
http://richurban.wordpress.com
I’m sure that you didn’t understand RK.
He says “learn how to make the money work for you”.
Is it a bad idea for you ??
Tip, read it again, and again, and again.