The Prophecy by Robert Kiyosaki
 

Has anyone read this book?

If so, what are your comments?

Is the book factual or simply a warning about an economic event that may or may not happen?

Robert M. Campbell
www.RealEstateTiming.com

Re: will the bubble burst?
 

I have read about the "rich dad, poor dad" critique. He is a smart huckster. See the critique
of him on FB. I could not find a link.
As if he is a psychic - hell many people are saying that we are in deep doo-doo economically.
I am in CA and we are in the depression here, will the RE market stay up like on Viagra? I dunno. In Sacramento where I moved, it is very healthy because people in the Bay Area have sold or selling and moving here.

> Has anyone read this book?

> If so, what are your comments?

> Is the book factual or simply a warning
> about an economic event that may or may not
> happen?

> Robert M. Campbell
> www.RealEstateTiming.com




Here is the LINK!

Andras, I'm curious ...
 

Knowing that you seem to have an interest in investing money, I'm curious why you say Robert Kiyosaki is a "smart huckster?"

Have you actually read any of his "Rich Dad, Poor Dad" books ... and have drawn your own independent conclusions as to the value of much (not all) of what he had to say ... or are you simply relying on the opinion of anothers?

Robert M. Campbell

Re: since you've asked..
 

I go to Borders and B&N to browse books. I have
the best bull**it detector. Most books are fluff and tell you things like a 10 your old should know. I don't print money hence I don't buy things unseen. I have learned my investing secrets via "the hard knocks" not by books.I have been an exchange member, and I trade for a living.
Books don't teach you everything hence my mentoring program. But why not read the real meat on this guy I have shown you in my prior post?

> Knowing that you seem to have an interest in
> investing money, I'm curious why you say
> Robert Kiyosaki is a "smart
> huckster?"

> Have you actually read any of his "Rich
> Dad, Poor Dad" books ... and have drawn
> your own independent conclusions as to the
> value of much (not all) of what he had to
> say ... or are you simply relying on the
> opinion of anothers?

> Robert M. Campbell




My $25 mentoring program

Re: Good handle
 

Andras nailed Kiyosaki with his description. I read his first four books and have found careless errors and endless repetition. I won't read anything else he puts out. I found three of his books in the local library and read them for free.

Agree and disagree
 

Ben -

At least you read the books and came to your own conclusions.

I agree that Robert Kiyosaki's books are repetitive, even though he does tend to repeat himself in an engaging way.

However, I did find his basic message that says you should reprogram your thinking toward assets and cash flow - and away from liabilities and needless spending - to be a critically important one that is often overlooked, especially during times of high prospertiy.

Best wishes,

Robert M. Campbell

Why learn everything from the "school of hard knocks" ...
 

when you can also learn from the experience of others.

For example, I told my kids not to touch the hot burners on a stove because they would burn their hands (my experience).

However, to achieve the same result, I could have put their hand on the hot burner so they could get the experience on their own - the hard way - but I figured they would be better off if they did not learn from the experience first hand.

Andras, you say you are a mentor to traders. Aren't these people coming to you so they can learn from your experiences ... and to avoid many of the costly mistakes that are taught by the "school of hard knocks?"

Robert M. Campbell

Check out these threads...
 

For the sake of not repeating what has been said before, check out this thread:
http://www.sowpub.com/cgi-bin/forum/webbbs_config.pl?read=9337

And then this one about John T Reed:
http://www.sowpub.com/cgi-bin/forum/webbbs_config.pl?read=9365

Enjoy,

Michael Ross

Re: Check out these threads...
 

Hi Michael -

While I respect an opposing opinion, I personally don't believe that John T. Reed is god or the "last word" when it comes to evaluating the merits of his competition.

And even though I don't agree with everything Robert Kiyosaki says, I have to give credit where it is due and - even with my 30 years of hard earned experience in the field of real estate investment - I must admit that I found value in his books.

How about you, Michael? Did you gain anything from reading "Rich Dad, Poor Dad?"

Robert M. Campbell

Predictions - R. Kiyosaki and H. S. Dent....
 

Hi Robert,

I haven't read "The Prophecy".... I understand, though, that he mentions a big depression in the USA after 2008 or 2010 or so....

A depression around that date has been predicted by Harry S. Dent for a over 10 years now, on the basis of demographics. The recent economic "boom" we've had has been driven by Baby Boomer spending (both for themselves and for their kids) from the money and assets they've accumulated over 20-30 years of working.... As more Boomers retire, they will spend less (since they'll have less disposable income) and the economy will decline....

I gave a summary of some of this in these posts....

http://www.sowpub.com/cgi-bin/forum/webbbs_config.pl?read=3719

http://www.sowpub.com/cgi-bin/forum/webbbs_config.pl?read=3726

I haven't read Robert Kiyosaki's "Prophecy" book, so I don't know what extra he might add to what Harry S. Dent has covered in his books....

- Dien Rice

Re: Predictions
 

Hi Dien

>The recent economic "boom" we've had has been driven by Baby Boomer
>spending (both for themselves and for their kids) from the money and assets they've accumulated
>over 20-30 years of working.... As more Boomers retire, they will spend less (since they'll have less
>disposable income) and the economy will decline....

This theory don't hold water. The "boomer" will be spending less, but they will be spending.
Their kids ( two kids each) are now grown spending most of their money on themselves and their
kids, and the economy will increase.

As for a depression, that not hard to figure out, look for one every 70 years . . . 1932 plus 70
years equal 2002 . . . . the one after that 2072.

Regards,
D.R.(Don)McArdle

A third opinion
 

I think what Dien predicts is possible if it went unchecked. It isn't any secret that the North American population is on a decline as families are not having as many children as they did years ago.

I think Don's theory is valid as well... but both theories need a little more "rounding out."

The government here in Canada is studying the situation. A declining population means less tax payers -- and we can't have that, you know. So the government is doing studies on supplementing the declining, aging population with immigration.

Their studies show them how many thousands per year they need to bring in. A report by the CBC suggested that if current immigration laws or security laws didn't permit it, then the laws would be changed.

I expect Australia and the US to probably have a similar strategy.

Best Regards,
Steve MacLellan


homebusiness-websites.com

Re: since you've asked..
 

Interesting thoughts.

I continue to be stunned at how far the human race has come in spite of this slavish insistence on learning the hard way! I just wonder how far we COULD have come:-)

It comes into my mind so often when I talk with my kids (age 22 and 21). So often I hear them say "but I have to find out for myself". WHY do they have to find out how to be broke from personal experience? WHY do they have to find out that if they get caught speeding it's expensive? WHY do they have to find out that smoking makes them sick?

It just stuns me. And no "but I bet you were the same" please - of COURSE I was the same! That's my point. As a species, just think where we could be if we just stopped doing this!

Best
Philip

> I go to Borders and B&N to browse books. I
> have
> the best bull**it detector. Most books are
> fluff and tell you things like a 10 your old
> should know. I don't print money hence I
> don't buy things unseen. I have learned my
> investing secrets via "the hard
> knocks" not by books.I have been an
> exchange member, and I trade for a living.
> Books don't teach you everything hence my
> mentoring program. But why not read the real
> meat on this guy I have shown you in my
> prior post?

Re: since you've asked..
 

By the way - I am SO happy that my wife's orthopaedic surgeon got his nose in a few books, reads every paper he can lay his hands on and DIDN'T learn from trial and error!

P

Re: Check out these threads...
 

Robert:

My opinion in that thread was...

John Reed is manipulative in his arguments - even if what he is trying to say has merit.

Robert Kiyosaki is not a real estate guru and never claimed to be one. He does have valid things to teach/say about money.

Take what you can use and discard the rest.

Michael Ross


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