"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.
Summary 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."
You have to admit the description of assets and liabilities (85% of the book) is spot on and excellent advice for many people. Look at any Indian immigrant with taxi medallions or franchises.
Robert Kiyosaki is the hack who wrote Rich Dad, Poor Dad, a book that advocates highly risky real estate maneuvers and multi-level marketing. His books are endorsed by the newest incarnation of Amway.