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| Robert KiyosakiRobert Kiyosaki: look closely at his copyright page and you will discover his books are fictionalized. Searches of records in areas where he claims to own a lot of real estate show only two properties in the Phoenix area - one purchased in 1991 for $171,000, and another purchased AFTER his book sales, for about 1.2 million (with a cash value of $980,000) Both were his personal residences. There are no records of any other real estate transactions by him as of the time his book was published. This seems to indicate that Mr. Kiyosaki made very little money prior to publishing his book, and certainly was not a "real estate" or financial king at that time. He also claims to hold substantial interests in numerous companies, but there do not appear to be any records to substantiate this, either. His book, "Rich Dad, Poor Dad", though inspirational and great for getting people fired up, is full of misinformation, contradictions and even illegal suggestions (like insider trading). His "Poor Dad" (Ralph Kiyosaki) was not poor, and his "Rich Dad" appears to be a work of fiction (which he now admits). By all means, read his books if you need to get pumped for success. But don't try following too many of his ideas or you could land in trouble with the IRS or Justice Department. If you are truly interested in really learning how to make money in real estate, pay under $70 and receive the benefit of free, unlimited coaching, "The Simple Man's Guide to Real Estate"®, is worth considering. Their personal coaches are actual, practicing investors who volunteer (it's free) on a not-for-profit basis to help others. It is the only low cost program found that provides free, unlimited coaching from actual investors. It's worth a look! Carlton Sheets Alternative Real Estate Investing course | |
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