Comments on: John T. Reed vs. Robert Kyosaki

By: Bill

Bill — Wed, 03 Oct 2007 12:46:08 +0000

I do like Robert Kiyosaki' material, it does give you something to think about in terms of building businesses and assets, true it is not forthcoming with theory but I dont think it was ever intended to be. Bill

By: John Barksenius

John Barksenius — Tue, 10 Jul 2007 04:34:13 +0000

I am a core JTR fan in this matter. About the John-Reed-being-jealous argument, please read this:

http://www.johntreed.com/envy.html

That is a good summary of why John T Reed has been successful.

About Kiyosakis reply to Reed: It Sucks. There is no substance in it whatsoever, and it does not in any way explain why RDPD is a nonfiction book (which should have been his major intention).

Personally, I wouldn’t trust liars. But hey, that’s just me.

By: Brian M

Brian M — Fri, 22 Jun 2007 17:05:19 +0000

I do like some of Kiyosaki’s books. I also realize that the “Rich dad” concept is most likley fictionalized in an atempt to illistrate the difference between the employee and entrepaneurial mindsets.

The way I look at it is I take what I need as far as inspiration and understanding the concepts of traditional employment vs other types of business models and get the meat form other authors and books.

I don’t waste my time trying to pick everything apart. I take what makes sense to me and move on.

By: Mr. Cheap

Mr. Cheap — Sun, 10 Jun 2007 18:19:05 +0000

Rich dad’s response is at http://www.mastermindforum.com/kiyosakiresponsetoreed.htm

He doesn’t reply to most of the points JTR makes (which probably would have taken him quite a while to do).

I’m far more of a JTR fan then a RDPD fan.

By: N. Gifford

N. Gifford — Sat, 21 Apr 2007 22:36:30 +0000

Does anyone know Kyosaki’s net worth? I would assume Trump’s worth is estimated. The thing about Trump, is that he knows a good marketing opportunity when he sees one. He must have a good PR person. Take the Apprentice for example, or his recent collaboration with Kyosaki. I’m not really pro Kyosaki or Reed… they both have their points.

By: N. Gifford

N. Gifford — Sat, 21 Apr 2007 22:36:28 +0000

By: Allen j

Allen j — Sat, 21 Apr 2007 22:30:14 +0000

I’m for Kiyosaki…(he teamed up with Billionaire Trump). I know John T. Reed looks at the glass half empty and that’s what I don’t like. I go by the saying “success leaves clues”. John T Reed lists his properties owned. (big deal) Doesn’t impress me. He really lost me when he put down a Billionaires books and systems “Donald J. Trump. I think once you hit the B’s in income no one with a few bucks should ever be able to open their mouth negatively against you. Does anybody know John T. Reeds net worth? There’s your answer ,Allen j. OC, CA

By: Adventures In Money Making

Adventures In Money Making — Wed, 21 Mar 2007 01:12:07 +0000

I agree with Mark. Kiyosaki opened my eyes to the world fo real estate investing. I’ve made many times my annual salary from that step.

of course JTR’s books are stellar – amongst the best I’ve read – but you wouldn’t think that from his comments. He comes off as extremely bitter.

Maybe he’s jealous that kiyosaki (who didn’t go to Harvard B school like JTR) is so many times richer!

By: markharrison

markharrison — Sun, 04 Feb 2007 20:43:00 +0000

Overall, I’m pro-Kiyosaki.

Personally, I interpret the books as more like parables than historical records, though, and was a bit surprised to believe that JTR would ever have read them differently.

Actually, Multi-Level-Marketing is something different However, I agree with your analysis that Robert Kiyosaki has created an outstanding “information publishing” business.

Whether or not you, I, or JTR agree with 100% of RDPD, I am on public record as saying that the series have taught me a few things that have paid for the cost of the books and the game many, many, times over.

Regards,

Mark in Sunny England.

By: N. Gifford

N. Gifford — Wed, 10 Jan 2007 16:38:10 +0000

Thanks for your comment Marc, I really enjoyed reading RDPD, but it left something lacking in how well it teaches you to actually invest.

However, what I think the reader should appreciate is that there is a reason for that. Kyosaki’s goal was to create a system. The objective of RDPD is to hook the reader, so they will believe in his system. This is the definition of multi-level marketing. One product sells the next.

You can see this all throughout his books as he pitches the value of his games, his other books, his seminars, etc., etc. I think you could actually learn more about how to market things from his books than you could ever learn about investing in real estate.

But, I’m a cynic