Comments on: Should You Listen to Financial Gurus? http://www.financialdominance.com/should-you-listen-to-financial-gurus/ A Personal Finance and Investing Blog Thu, 04 Dec 2008 01:20:38 +0000 http://wordpress.org/?v=2.6.3 By: Ryan http://www.financialdominance.com/should-you-listen-to-financial-gurus/#comment-8104 Ryan Thu, 24 Jul 2008 16:46:22 +0000 http://www.financialdominance.com/should-you-listen-to-financial-gurus/#comment-8104 I'd have to agree with you on the point that Kiyosaki is the king of upselling, but I strongly disagree with what you said about his books not being of value. Robert Kiyosaki teaches the fundamentals of how to attain massive wealth, by concentrating on the importance of positive cash flow. His first two books ("Rich Dad, Poor Dad" and "Cash flow quadrant") are not intended to be "how to" books, but instead focus on the different mindsets between rich and middle class or poor. In later books he goes into more detail on "how to", such as "Who took my money" and "Rich Dad's guide to Investing". I personally follow the philosophy of Dave Ramesy for my personal finances, and Robert Kiyosaki for my buisness/real estate investments. I feel they both bring valuable lessons that can be tailored to the individual. I’d have to agree with you on the point that Kiyosaki is the king of upselling, but I strongly disagree with what you said about his books not being of value. Robert Kiyosaki teaches the fundamentals of how to attain massive wealth, by concentrating on the importance of positive cash flow. His first two books (”Rich Dad, Poor Dad” and “Cash flow quadrant”) are not intended to be “how to” books, but instead focus on the different mindsets between rich and middle class or poor. In later books he goes into more detail on “how to”, such as “Who took my money” and “Rich Dad’s guide to Investing”. I personally follow the philosophy of Dave Ramesy for my personal finances, and Robert Kiyosaki for my buisness/real estate investments. I feel they both bring valuable lessons that can be tailored to the individual.

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]]> By: Jason http://www.financialdominance.com/should-you-listen-to-financial-gurus/#comment-2863 Jason Fri, 25 Jan 2008 13:53:42 +0000 http://www.financialdominance.com/should-you-listen-to-financial-gurus/#comment-2863 As I hear people talk about these topics, what is disheartening/upsetting is that I think deep down many people agree with what Liz said: "I also think that Dave Ramsey focuses on an attainable goal (getting out of debt) and Robert Kiyosaki focuses on a goal that will be unattainable for the majority (getting rich)." Dave teaches how to do so much more than get out of debt, he teaches the majority how to be wealthy. There is no reason families making average incomes ($40,000) can not become millionaires by retirement if they quit doing things like car payments. It's not simply theories, it's how to! Please, quit taking financial advice from broke people and get going, it's so worth it! As I hear people talk about these topics, what is disheartening/upsetting is that I think deep down many people agree with what Liz said:

“I also think that Dave Ramsey focuses on an attainable goal (getting out of debt) and Robert Kiyosaki focuses on a goal that will be unattainable for the majority (getting rich).”

Dave teaches how to do so much more than get out of debt, he teaches the majority how to be wealthy. There is no reason families making average incomes ($40,000) can not become millionaires by retirement if they quit doing things like car payments. It’s not simply theories, it’s how to! Please, quit taking financial advice from broke people and get going, it’s so worth it!

]]> By: Alex Givant http://www.financialdominance.com/should-you-listen-to-financial-gurus/#comment-488 Alex Givant Thu, 27 Sep 2007 15:11:08 +0000 http://www.financialdominance.com/should-you-listen-to-financial-gurus/#comment-488 Here is the best dissection of Robert books, life, etc: http://www.johntreed.com/Kiyosaki.html Here is the best dissection of Robert books, life, etc: http://www.johntreed.com/Kiyosaki.html

]]> By: marie http://www.financialdominance.com/should-you-listen-to-financial-gurus/#comment-415 marie Fri, 21 Sep 2007 08:39:01 +0000 http://www.financialdominance.com/should-you-listen-to-financial-gurus/#comment-415 i know some people who don't necessarily respect dave. while he might do giveaways, it could just be a marketing scheme. and he does do lots of selling on his website. more so than robert, imo. books, seminars, classes, radio show...dave has found lots of ways to get people's money lol. suze orman believes that when u believe more in yourself, you demand more money. maybe that is true for robert. im not a big fan of dave, but oddly enough he gives me more inspiration and hope with regard to paying off debt than almost everyone else. he has a can-do, positive attitude towards debt. maybe that is why he has attracted so much attention. i love robert. i would have loved to attended his seminar! just goes to show...something u throw away may be a treasure to someone else. sell junk on e-bay instead! i know some people who don’t necessarily respect dave. while he might do giveaways, it could just be a marketing scheme. and he does do lots of selling on his website. more so than robert, imo. books, seminars, classes, radio show…dave has found lots of ways to get people’s money lol.

suze orman believes that when u believe more in yourself, you demand more money. maybe that is true for robert.

im not a big fan of dave, but oddly enough he gives me more inspiration and hope with regard to paying off debt than almost everyone else. he has a can-do, positive attitude towards debt. maybe that is why he has attracted so much attention.

i love robert. i would have loved to attended his seminar! just goes to show…something u throw away may be a treasure to someone else. sell junk on e-bay instead!

]]> By: Carnivals - Week of 9/10/07 - FinancialDominance.com http://www.financialdominance.com/should-you-listen-to-financial-gurus/#comment-316 Carnivals - Week of 9/10/07 - FinancialDominance.com Thu, 13 Sep 2007 07:07:12 +0000 http://www.financialdominance.com/should-you-listen-to-financial-gurus/#comment-316 [...] article, Should You Listen to Financial Gurus, was included in this [...] [...] article, Should You Listen to Financial Gurus, was included in this [...]

]]> By: ChristianPF http://www.financialdominance.com/should-you-listen-to-financial-gurus/#comment-293 ChristianPF Mon, 10 Sep 2007 17:26:14 +0000 http://www.financialdominance.com/should-you-listen-to-financial-gurus/#comment-293 I like Dave and I don't really like Kiyosaki either, but I agree with the others that Kiyosaki has a few nuggets of wisdom about thinking about money differently (like the rich, as he puts it) that make it worth reading. But only the first book, the other 6 or so are just rehashing the same information from the first book. Kiyosaki's book was the first book I read about money and it really opened my eyes - it may be because it was the first book I read, but either way it did help me I like Dave and I don’t really like Kiyosaki either, but I agree with the others that Kiyosaki has a few nuggets of wisdom about thinking about money differently (like the rich, as he puts it) that make it worth reading. But only the first book, the other 6 or so are just rehashing the same information from the first book.

Kiyosaki’s book was the first book I read about money and it really opened my eyes - it may be because it was the first book I read, but either way it did help me

]]> By: Personal finance at KMull.com http://www.financialdominance.com/should-you-listen-to-financial-gurus/#comment-292 Personal finance at KMull.com Mon, 10 Sep 2007 12:21:04 +0000 http://www.financialdominance.com/should-you-listen-to-financial-gurus/#comment-292 [...] Financial Dominance - Should you listen to financial gurus? [...] [...] Financial Dominance - Should you listen to financial gurus? [...]

]]> By: Liz http://www.financialdominance.com/should-you-listen-to-financial-gurus/#comment-287 Liz Sun, 09 Sep 2007 08:59:57 +0000 http://www.financialdominance.com/should-you-listen-to-financial-gurus/#comment-287 I also think that Dave Ramsey focuses on an attainable goal (getting out of debt) and Robert Kiyosaki focuses on a goal that will be unattainable for the majority (getting rich). I agree that Kiyosaki is light on details. Before I knew who he was I saw his column on Yahoo finance and was amazed at a beautiful picture he created of getting rich, but with no kind of pathway of how to get there. Notwithstanding, I second or third the comment that thinking about putting money in appreciating assets was eye opening for me. I also think that Dave Ramsey focuses on an attainable goal (getting out of debt) and Robert Kiyosaki focuses on a goal that will be unattainable for the majority (getting rich). I agree that Kiyosaki is light on details. Before I knew who he was I saw his column on Yahoo finance and was amazed at a beautiful picture he created of getting rich, but with no kind of pathway of how to get there. Notwithstanding, I second or third the comment that thinking about putting money in appreciating assets was eye opening for me.

]]> By: Pinyo http://www.financialdominance.com/should-you-listen-to-financial-gurus/#comment-284 Pinyo Sat, 08 Sep 2007 20:57:03 +0000 http://www.financialdominance.com/should-you-listen-to-financial-gurus/#comment-284 This is a really good comparison of these two individuals. I think Robert would do much better if he is more honest and transparent about where his wealth really comes from. He claims real estate, but my guess that his wealth are from his books and seminars (as you said). This is a really good comparison of these two individuals. I think Robert would do much better if he is more honest and transparent about where his wealth really comes from. He claims real estate, but my guess that his wealth are from his books and seminars (as you said).

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