The really bad thing about this book is that it makes it seem so easy to make money, and many people will rush into buying stocks, real estate or gold and think that that’s their ticket to being a millionaire.

I actually bought this book, and rather than selling it on eBay, I just tossed it in the trash because I didn’t want other people reading this garbage!

I’m not a big fan of anyone who recommends getting into a lot of leveraged debt. But, holding real assets makes a lot of sense. Especially, with the U.S. Government printing money so fast, that it’s decimating the dollar.

I also like the advice of getting into business for yourself, instad of counting on a career path.

Millionaire Next Door is one not universally praised. “Survivorship Bias” is the largest attack against it. No argument there.

RDPD is a book about the “whys” and not a book about the “hows”. It is intended to question common beliefs and very many people don’t like to have their beliefs questioned.

Just imagine a biology book called “Evolution Dad Creationism Dad” written in the same style as RDPD.

Such a book would discuss the scientific method, logic, evidence, etc. and how this provides an explanation of natural history while being fairly short on specifics. It would also contain many snide stabs at creationism dad on how creationism dad did not get into medical school, how he confused correlation with causation, etc.

Some critiques would completely miss the point, which was about how to think about evolution and not about evolution per se, and complain that the author does not tell us what else to believe in or that he doesn’t give us a list of places where we can worship evolution.

However, spending your time reading a book is not as quick as trying on shoes, so it must be a well thought-out decision on whether you will dedicated a couple hours of your life to a certain book or not (and against the advice of many). Therefore, I feel that – contrary to what you say at the end of your post – not from all books can one learn something. And by extension, not from all people can one learn something. Really… there are just some books and some people out there who aren’t worth a second thought!

In closing, I feel “Rich Dad, Poor Dad” is a good first book for someone who knows completely nothing about finances. But they better go on to read a couple good books!

That’s why I continue to read this blog.

What burns me, again and again, is the idea that because Kiyosaki has some goofy schemes or made up a character implies that ALL ideas are idiotic. Should we discount Henry Ford’s ideas on mass production because he had some kooky anti-semitic ideas? No. The three tips you highlighted are good. I have never understood the hatred directed toward him.

It sure ain’t “The Millionaire Next Door”. (although not sure what your take on that one is as yet…I shall look around your site and see what I can find)

Overall is was an good read.

At least borrow the book from the library, don’t support the empire.

Like any book, you have to take the good and apply it to your life. I still think theres a lot of good in the book as long as you aren’t so gullible and take it word for word.