Here’s Devin from
on Twitter:
The tweet reminded me of this detailed 2-part takedown of Kiyosaki (who has really expanded his reach, parlaying his fame into the doom grift stratosphere).
Excerpt with the author’s emphasis:
A number of people asked me about Robert T. Kiyosaki and his book Rich Dad, Poor Dad. When I said I didn’t think he was a real-estate guru, they insisted he was. Several told me I would like him, that he preaches a message like mine. Eager to find such a guru, I bought his book, Rich Dad, Poor Dad, in a bookstore.
Rich Dad, Poor Dad is one of the dumbest financial advice books I have ever read. It contains many factual errors and numerous extremely unlikely accounts of events that supposedly occurred.
Kiyosaki is a salesman and a motivational speaker. He has no financial expertise and won’t disclose his supposed real estate or other investment success.
Rich Dad, Poor Dad contains much wrong advice, much bad advice, some dangerous advice, and virtually no good advice.
I decided to crowdsource books that teach real estate without a side-effect of brainworms:
The replies are full of thoughtful suggestions.
Full confession…I do have a strain of contempt for real estate investing in general. I’m a bit of a Georgian at heart I guess (map to this rabbit hole –> this interview with Lars Doucet on the Lunar Society podcast with
It is a peculiar blessing in America to have an intellect so goldilocks mid that you equate being a landlord with being a “man in the arena”. For capitalism to remain a brand worth buying, its apogee cannot literally be seeking rent.