Dien,
Thank you for the kind words.
Yes, I agree with you... the stuff he teaches about moving away from being an employee and towards being self-employed and investing is good advice.
And if that was all his material did, I'd be singing his praises too.
But where RK is dangerous is that he advocates THE WAY to do it is by using techniques that are waaaay too risky for average investors... or even for experienced investors.
It's not about thinking outside of the box. It's about clearly recognizing what is an acceptable risk-to-reward ratio, and not getting suckered in by someone's play toward your greed gland-- to coin a phrase from Don Alm.
An example: RK's promotion of options trading.
Furthermore, he still hasn't offered any proof about actually "Getting rich" from real estate. Even the examples he offers are nothing more than most of the people I grew up with, who made a couple of real estate sales in the 70's and '80's ... but hardly enough to qualify them as either "Rich" or a teacher of how to "Get Rich."
And what appeals to me about Joe Sugarman, or Ron Popeil, or Cossman, or to some extent, Halbert, is that you can very easily ascertain whether they actually walked the walk, by doing a little research. Not true with RK.
I don't know. He just suffers from a huge credibility gap, with me. He talks about saving your money and investing wisely, and then on the next page he refers to taking his new Porsche for a drive. And then goes on to extoll the virtues of the Millionaire Next Door. (Hint: None of those guys drove Porsches.)
As for Joh T. Reed... I can appreciate Mike Ross's point, about not disagreeing with the message, but with the way the message is delivered. But the "Take what's good and leave the rest" approach is fine for guys who are as sharp as Mike and have the ability to evaluate subjects critically (I'm not teasing here... I think Mike is amazing at this!). But the average guy isn't.
Anyway... I think it's good that we discuss these things. :)
Best regards,
Adam.
Browning Direct, Inc.