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

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!

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

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

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.

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

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

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

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

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