Comments on: Rich Dad, Poor Dad Bad Math?

By: Are Baby Boomers Financially Out Of Touch? : Bizzia - Business News and Commentary - Finance and Business Tips

Tue, 26 May 2009 17:23:17 +0000

[...] following comment was left on my post, “Rich Dad, Poor Dad, Bad Math?”My other guess is your probably an out of touch baby [...]

By: The Rev. Leon Lonnie

The Rev. Leon Lonnie — Fri, 22 May 2009 18:30:12 +0000

If it took me 30 years to get a billion dollars I would be ok with that as long as I didn’t lose everything I had worked so hard for trying to do it the fast (2 year) way.

By: commenting on comments

commenting on comments — Fri, 22 May 2009 18:00:53 +0000

To Mr/Ms. Old Mindset New Rules,

I too wish you luck in your financial endeavors.
But please- before submitting your comments, please make sure that you sound intellectual and are mindful of your grammar.

By: Tisa Silver

Tisa Silver — Thu, 21 May 2009 02:37:07 +0000

Thanks for taking the time to read my blog and sharing your opinion, however I must say your guesses are incorrect.

I am not a baby boomer, and I do not consider them to be ignorant or out of touch. I also think it wise to avoid such broad generalizations.

I wish success to investors and entrepreneurs of all ages.

By: Old Mindset New Rules

Old Mindset New Rules — Sat, 16 May 2009 09:29:58 +0000

Tisa Silver, my guess is that you never read to the end of any financial books. Your probably to ignorant to listen to anyone’s opinions except your own.

My other guess is your probably an out of touch baby boomer who’s financial time has come and gone, & the market has moved on without you even being aware.

Because of ignorant boomers like yourself (that’s my guess :). Young internet entrepreneur of our generation are becoming Billionaire in 2 years.

When you middle class guys are going broke & it took you & your financial uneducated generation 30 years to reach 1 lousy billion.

Baby boomers are preaching out dated rules, when the game changed on them 10 years ago. haha

By: Tisa Silver

Tisa Silver — Sun, 05 Apr 2009 19:42:17 +0000

Hi Ken, thanks for your comment. Congrats on your success in real estate! Both myself and Mr. Taylor used compound interest when reviewing the calculations. I don’t doubt the merits of investing in real estate (and I don’t think Mr. Taylor does either), we just need some clarification on what assumptions and inputs Mr. Kiyosaki used to generate his returns. For me, any potential investment needs to provide details on the expected return and the risk(s) that will be assumed in order to generate the return, especially an investment that offers a return of 180% per year.

By: Ken

Ken — Sun, 05 Apr 2009 01:58:27 +0000

Just to answer your question about the math. The interest is compounded yearly. That is how it works in the financial markets, just calculate your mortgage interest sometimes, it is calculated annually, on all money owed. If you think about the rise of real estate in the boom, those numbers are not impossible. I personally bought a condo for $37k and sold it 5 years later for $172K, and that was not even in California, where some properties jumped 100% annually for about 3 years. Do the math, you will see wonderful numbers. Today, same condo selling for $100K, so you see the market has highs & lows, but the interest is compounding.

By: Sharon L. H.

Sharon L. H. — Wed, 01 Apr 2009 21:28:35 +0000

It’s amazing how people are not aware of what this man is doing. I know many real estate investors who have praised his books but are struggling in today’s market. He is taking advantage of people and playing on their desire to succeed. He has created a sub-culture based on this false sense of security with inaccurate calculations but people still buy his book! I don’t get it…

By: Tisa Silver

Tisa Silver — Fri, 27 Mar 2009 03:13:51 +0000

Thanks for the comment Jim. I have read some posts in forums for people who have read the books and attended seminars. The most common complaint is that they leave feeling motivated, but with no idea how to channel the motivation because no tools or steps for investing are provided. Like you said: master marketer and probably not a master investor.

By: Jim

Jim — Thu, 26 Mar 2009 21:21:26 +0000

Kiyosaki is a master marketer, but probably not a master investor. I doubt his real estate holdings in the Phoenix area are doing very well now without the cash flow from his books and seminars. If I recall correctly his holdings are in his wife’s name to make them harder to track down. I seriously question his high leverage strategies. They seem to be build around the assumption that housing prices always go up. That may be true in the very long term but most people don’t have the cash flow to support a major market downturn.