Widely recognized for his Rich Dad, Poor Dad book series, Robert Kiyosaki an author, motivational speaker, and self-proclaimed businessman. Since the late 1970’s, Kiyosaki has been involved in the creation of several different companies, none of which received widespread success.

No success that is, until he took over a personal growth seminar in the mid 1980’s. Unlike many other investment schemes, Kiyosaki’s original plan focused on teaching personal responsibility instead of investing in industries with which you have no experience.

Although this seminar was taught mainly overseas, the business was shut down due to bad publicity and Kiyosaki moved on to his now infamous Rich Day, Poor Dad book series.

The focus of Robert Kiyosaki’s teachings is on what he calls “passive income”, which is generated by investing your money. Investments should be made in real estate or a small business, which allows the investor to live solely from these investments.

In addition to passive income, you should make sure you have assets that allow you to continuously generate money and decrease the number of liabilities in your finances. Liabilities are defined as items that diminish your income like rent and car payments.

With more than a dozen books on the market, Robert Kiyosaki has received many criticisms most notably that his financial success stems from his work as an author and motivational speaker rather than a successful investor and businessman.

What’s more interesting is that in addition to having no real success with the wealth plan he sells, Kiyosaki has no experience or concrete data to back up the claims made in his books. In fact a criticism written by John T. Reed alleges that Kiyosaki is nothing more than a multi-level marketer in businessman’s clothing.

The main problem with Kiyosaki is one that exists for many who claim to have the secrets to unimaginable wealth; no real advice is given. Throughout Kiyosaki’s Rich Dad series he fails to give any real advice on how to grow your wealth into what he calls “real” wealth.

His books are made up of anecdotal evidence that he claims are intended to encourage readers to think about their wealth. This is the main difference between books that actually teach you about wealth and those that claim to do so.

The process of learning to expand your wealth cannot be found in an interesting novel that’s easy to read. True financial independence requires you to know the nuts and bolts of an industry, not merely the right terms and phrases to fake it.

While Kiyosaki’s books may provide a good read, what it does not provide is sound financial advice. A perfect example of this non-advice is Kiyosaki’s contention that you can grow your money without diversifying.

Despite the fact that this goes against conventional financial wisdom, Kiyosaki encourages risky investments that are in stark contrast to sound financial advice. If you want to open your mind to making money you’d be better served by simply looking at your bank account balance than purchasing any items from Robert Kiyosaki.

If an open mind and failure is all that’s required to find financial freedom, we all need to just sit back and wait for the wealth to come…at least according to the teachings of Mr. Kiyosaki.

If you're looking for a real opportunity without all the hype and B.S., then simply join my newsletter and I'll help you avoid the potholes and show you how I work the business of my dreams... it's a lot easier than you think and you can do it too!

If you want you can join my insider team where we share the businesses that are really working. Along with tips on how we use them. It is free to join, just let me know where to send the info... Click Here so I can send you my Insider Sign Up.

Good Luck,
Sarah Newman