About Robert Kiyosaki and Rich Dad, Poor Dad

It is safe to say that almost everyone knows, has heard of, or has read the book “Rich Dad and Poor Dad” by Robert Kiyosaki. I myself read the book about 2 years ago. Before I introduce what other people have said about Robert Kiyosaki and his book, let me briefly mention my opinion.

The Good Stuff

  • Encouragement for people to change their mentality and to a paradigm shift in financial thinking — This is a big plus because not being trapped in a narrow perspective and having the right mentality is the first step to do anything right.
  • The importance of passive income — It is necessary to set yourself up with passive income to become financially secure and get rich faster.
  • The mentioning of various financial concepts — I classify this as good stuff because this introduces people to new concepts and therefore, motivates and intrigues people to go out and learn about them. I became more apt to go study how the market and personal finance works. Financial knowledge and literacy is essential for financial security.

The Bad Stuff

  • The mentioning of various financial concepts — I also classify this as bad stuff because I believe he either exaggerates in his stories or provides misleading information. In a few places, he seems to be nearly promoting illegal behaviors.
  • Strong opposition to formal education — I believe formal insitutions still have their practical values and useful knowledges depending on how much individuals make use of the experience. It is detrimental to discourage and turn people away from academia.
  • Negligence to mention or explain the risk in the entrepreneur endeavors that he advocates readers to do — From what I read in news, this has led people to take reckless financial actions leading to financial disasters. I am not holding him responsible because people should think for themselves, but as an author of a “financial book”, he should provide the full picture and cover the topic of risk somewhere… especially in the high-risk financial maneuver he tells people to do.
  • Many vague areas in his stories — This makes me wonder how many of his “successful business” stories are true, and that he created them just to boaster himself and to help sell the book.

In short, I think the book is good in that it incurs people to think about their own finance and to do something about it. It is bad because of possibly misleading, false, and incomplete information, which can lead to dangerous and disastrous consequence if read incorrectly. That’s all from me. Below is what other people have said.

John T. Reed’s analysis of Robert T. Kiyosaki’s book Rich Dad, Poor Dad – I read this VERY detail research and analysis on Robert Kiyosaki and his book recently. Together with the vagueness that I personally noticed in his book, we need to remain skeptical of this man and his words.

Let’s Read Some of Robert Kiyosaki’s Drivel – Silly words spoken by Robert Kiyosaki. This teaches us to do our own research and be cautious and skeptical about advice from “financial advisor”.

Kiyosaki is a Liar? – More “interesting things” said by Robert Kiyosaki!

Rich Dad, Poor Dad :: review – Brian and I agree on the positive points in Rich Dad, Poor Dad.

Book Review: Rich Dad, Poor Dad – Concise review on the book stating the good and the bad.

Cautions on “Rich Dad” Robert Kiyosaki – Frugal talks more about things we need to be careful about the author and his book. He then talks about his view on how to obtain wealth and the importance of formal education.

Robert Kiyosaki, A Smart Investor? – Once again, you probably should not take Robert Kiyosaki seriously when he advises you how to invest. Let’s just keep him as someone who may inspire people to think differently.

Deconstructing Robert Kiyosaki – Trent provides insights into the kind of man who he thinks Robert Kiyosaki is.

Review: Rich Dad, Poor Dad – Full book review by Trent.

It seems that people generally agree on the few ideas Robert Kiyosaki has done correctly on his book, and they also agree on the same skeptical things. It’s probably enough Robert Kiyosaki for one day.

Originally posted 2007-09-20 23:41:10. Republished by Blog Post Promoter

The Sucker Rally of 2013?

Since Janary, the stock market has been on a non-stop bullish trend. While there are a lot of articles that argue stocks will reach new high this year (even though it already has) and much money’s flowing back into stocks from retail investors, there are enough nay sayers that speak of a coming market correction. This realy keeps us on our toes.

An Yahoo article tday that argues the coming of a correction predicated by a surge of inisider selling.

There have been more than nine insider sales for every one buy over the past week among NYSE stocks, according to Vickers. The last time executives sold their company’s stock this aggressively was in early 2012, just before the S&P 500 (^GSPC) went on to correct by 10 percent to its low for the year.

I know the sound investment strategy of buy-and-hold once you’ve picked your choice of investment but I wonder how everyone’s feeling? Do you think a market correction is coming? (Note a correctio is as least 5% and up to 20% price drop).

Will you sell portions to collect the gains now or just hold steady? What will you do?

Originally posted 2013-02-06 01:03:39. Republished by Blog Post Promoter

A World of Patterns and The Limit of Language

In computer science, divide-and-conquer is a common technique applied in both practical programming and abstract algorithm to solve complex problems efficiently. In other words, a complex problem is continuously and/or recursively broken down to simple workable chunk to be managed, manipulated, and calculated individually, and finally re-combined to get a solution for the original problem. What a wonderful tactic!

Well well, does that sound kind of familiar? Maybe. Maybe not. I find it quite similar to the way we do things in life.

As humans, to make sense of life, to navigate through human community/society, and also for convenience, we break down reality into small chunks.

In nutshell, with our scientific mind, our logical mind, we analyze reality, break it down into “things” and give “things” names through words/language. As society and civilization become more and more complex, so more “things” and words are developed, and we begin to put many “things” and words together to develop patterns.

So in the beginning, there is reality but no thing.
Then we created things with language.
Then we create patterns of life with things and language.

And as days go by, we create more and more things, more and more words, and more and more patterns. And we are still going at creating more!

Patterns are like boxes.

So now, we are all given birth, and as we grow up, our parents and society would put us in boxes… and we grow up to put ours in boxes (perhaps some newly created ones)

Oh, you must be an upstanding citizen. Patriot who protects the countries. Muslim who worships Allah. Christian who preaches in the name of Jesus. You must be successful. You must make others happy. You are to love your parents. You should never lie. You must not have sex before marriage. You must obey the filial piety according to Confucius. You will become a doctor, lawyer, engineer, hedge fund manager or whatever. Work hard and you will succeed. Eat non-fat and you will be healthy. You need to get married, have a family, and have kids. Max out 401k and IRAs and you can retire. Oh my oh my! Boxes!

So you may be thinking now, “Are you saying we need to destroy and abolish “things”, words, and all patterns of life?” My answer is, “No”.

So what am I trying to get at?

My point is we are missing the point of living the whole way along. It is almost like we used divide-and-conquer without ever re-combining the simple workable chunks, but instead, keep on dividing the chunks into smaller chunks… On top of that, we completely forget the original problem we wanted to solve.

Surely, we all choose to live however we want. Here, I am entertaining the idea that there could be a more favorable experience of living. More specifically, to get better in touch with reality, and hence lead to the result of being able to find harmony with ourselves and our environment.

We have forgotten that we had created things, words, and patterns from the very beginning to navigate reality but they are not the reality. Yes, they are now part of our human reality but still, not THE reality.

Think of it this way, when you see a banana, you can call or think of it as banana. But if you don’t know the word, “banana”, is the banana still reality, or is it not?

You know it.

Reality is more than just words and patterns. When we lack the words and patterns to label and define parts of reality, it does not mean it is not reality!

And so we miss the point.

Us modern people since industrialization, let our logical minds completely dominate, to the point where, words and patterns ARE reality. When reality is something outside of the realm of our words and patterns, we get completely insecure and to make us feel alright again, we invent new patterns to try to force things the way we like, and if unsuccessful, we twist and bend words to conceal and cover the reality. That is, in a most simple example, we would deny a banana is there if we lack the word to call it.

As such, we are often either in denials, or in complete ignorance of reality to do what we need to do as real solution.

We take our patterns too literally. We take ourselves too seriously. Seriously!

Therefore, instead of tips, techniques, or methods, I write what I do here — mostly for my own enjoyment but also — it will be much more substantial for each of us to shift our fundamental attitude of life, of reality to bring about real change.

If I shall put it more strongly, beyond the limit of our rules and language, lies truth and enlightenment.

The one crucial step, to mature as a human being, to become wise, and probably even to enlightenment (if you are so inspired) is to learn the patterns but be able to set them asides, knowing that they are artificial.

Do no abandon words and patterns. Do not fight them. To make use of the patterns (as our original intent of creating them), we just need to re-understand them as patterns. As invention for our own convenience, words and patterns — developed through thoughts and conveyed by words — make good servants but poor masters.

Originally posted 2009-11-18 00:07:05. Republished by Blog Post Promoter

Liberation Not Reached through Hostility

The idea of liberation is quite muggy. And I find people do not behave in ways that will allow them to be liberated even when they say they want liberation. Perhaps because of the mugginess.

Here’s as liberation as I understand it.
To be liberated is to be free from something. To be free from something means that it is okay to walk away from it. And more importantly, it also means that it is okay if you cannot walk away from it. Thus, to be liberated means you had gotten passed, you had outgrown something, or an idea.

I said at the beginning that people do not behave in ways that will allow them to be liberated because currently when most people seek any form of liberation (material, spiritual, or ideal, whatever), they seek it with an attitude of aggression and hostility. Some form of opposition and conflicts are okay and necessary but how could they ever be liberated when they feel so extremely that they cannot be at peace unless they had completely obliterated that something.

If you cannot be at peace until you had completely destroyed or removed something from your life, it cannot be said that you are liberated. The situation is precisely opposite because it really means you still care so much. Ironic, isn’t it?

Now if we look at the manners and attitudes of people around the world who are trying to solve all sorts of human issues, so many of them approach the solution with exactly an extreme kind of aggression and hostility. It becomes no surprise that nothing seems to gets solved, right? As opposite, we seem to have more and more problems to ourselves.

Instead of liberation, we find ourselves entrapment.

True liberation comes from maturity, perception, and wisdom. We humans are teenagers who still have a lot of maturing to do. That is, seeing that human civilization began 5000 years ago while earth is more than 4.5 billion years old, I’d say that’s a fair statement.

Of course, without scientific proof. And without scientific proof coming from some form of some experts, nobody listens, cares, trusts, or gives a shit.

And one more thing, next time you wonder if you are free (from something), try feeling how freely that you are able to walk away (from it)?

Originally posted 2010-09-06 22:52:49. Republished by Blog Post Promoter

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