A while back (3 or 4 years ago), I was given this book to read called ‘Rich Dad, Poor Dad’ by Robert Kiyosaki. Although I found the begining to be interesting, little red flags started popping up as I read the book. The story just seemed to good to be true, certain ideas were repeated over and over, it seemed like it was targeting a particular audience, and a few other things. Then I got to the section where he talked about expensing vacations under a corporation and I had to stop. Advising people on corporate fraud will surely get them into deep trouble with the IRS.
So, back then I started doing some digging and I found this great site debunking the guy:
Why do I bring this up now? Because I still see quite a few people continuing to mention this book on blogs as ‘inspiration’. It’s good that google has this guy, the debunker, high up on their search results page. Imagine trying to learn about this from the book store. I doubt that John Reed’s new book, ‘BS Dad’ would be placed right next to such a best seller 🙂