Catatonic
03-17-2008, 03:37 PM
My wife was flipping through the tv channels yesterday and she stopped on a video of Kiyosaki giving a lecture on investment.
I was already familiar with the information as I read a few of his books as an intro to investing before I got into more advanced material. The interesting thing is, he did a lot of talking about how coming off the gold standard and the inflation caused by fiat money makes it a bad idea to just stick your money into a savings account. It was a lot of the same things Ron Paul talks about, but put into layman's terms. He even pulled out a graph to show visually whats happened to the value of the dollar over time, and the price increase of gold and real estate, in general terms. He even went so far as to say "the value of gold isn't going up, the value of the dollar is just going down, gold isn't worth any more than it was".
The difference with Kiyosaki is that after explaining this, he will advise you to start buying real estate, or possibly gold, rather than push for political reform like Dr. Paul. However, I got to thinking that perhaps Kiyosaki's books, or excerpts from them at least, could have some useful info or serve as tools for educating people.
Experienced investors tend to shy away from Kiyosaki because a lot of what he says, while I won't say inaccurate, doesn't give the whole picture. However I would argue that Kiyosaki writes for people who have no experience in this sort of thing. His goal is to ease the transition from the employee paradigm to the investor paradigm.
I think his material could be very useful as an intro for getting people to understand what Ron Paul is talking about regarding economics. Rich Dad Poor Dad is easy to read and not especially technical, the first two or three chapters could get the gears in people's heads turning at least to the point that they want to learn more. What do you think?
I was already familiar with the information as I read a few of his books as an intro to investing before I got into more advanced material. The interesting thing is, he did a lot of talking about how coming off the gold standard and the inflation caused by fiat money makes it a bad idea to just stick your money into a savings account. It was a lot of the same things Ron Paul talks about, but put into layman's terms. He even pulled out a graph to show visually whats happened to the value of the dollar over time, and the price increase of gold and real estate, in general terms. He even went so far as to say "the value of gold isn't going up, the value of the dollar is just going down, gold isn't worth any more than it was".
The difference with Kiyosaki is that after explaining this, he will advise you to start buying real estate, or possibly gold, rather than push for political reform like Dr. Paul. However, I got to thinking that perhaps Kiyosaki's books, or excerpts from them at least, could have some useful info or serve as tools for educating people.
Experienced investors tend to shy away from Kiyosaki because a lot of what he says, while I won't say inaccurate, doesn't give the whole picture. However I would argue that Kiyosaki writes for people who have no experience in this sort of thing. His goal is to ease the transition from the employee paradigm to the investor paradigm.
I think his material could be very useful as an intro for getting people to understand what Ron Paul is talking about regarding economics. Rich Dad Poor Dad is easy to read and not especially technical, the first two or three chapters could get the gears in people's heads turning at least to the point that they want to learn more. What do you think?