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Thursday, July 2, 2009

Real Estate Investing Advice: Rich Dad Poor Dad by Robert Kiyosaki

By Elwood Misch

There's no other better time to get out of the rat race, if you're into one, but now. Robert Kiyosaki's "Rich Dad Poor Dad" will show you how to make money and give you that financial independence you've ever dreamed of. The author, Robert Kiyosaki, has been very successful in teaching people on how to get rich for over 20 years.

What can Rich Dad Poor Dad show you how to be successful? His ideas are about thinking outside the traditional box. One of the things he teaches us from the beginning is to not think of making money the old way. Yes, he says go to school and get a college degree. That is very important. But, don't worry about the PhD and working as a college professor. Not that its necessarily a bad thing if you want to be a working stiff the rest of your life.

Rich Dad talks a lot about taking your brain power and creating real wealth through real estate investing. Its actually quite appropriate to talk about that today, since many homes now are in foreclosure. In fact, the principles that Rich Dad Poor Dad teaches is line with age old tried and true principles of real estate investing. The advice he gives is about smart financing for the most part.

Robert Kiyosaki is well known for teaching people the principles in real estate investing, like finding the right properties, getting creative financing and really focusing on financial literacy as well as academic literacy. Only in this way can you really understand what you are buying, when to sell and when to hold.

Robert Kiyosaki has been followed by many because of his practical ways on how to be successful. He's not the only one teaching it, in fact, he wasn't the first one to teach and talk about ways to be successful. Rich Dad Poor Dad is just one of the many books that discuss about it. However, around his successes, Robert Kiyosaki has also had some controversies.

A lot of people have been questioning and investigating whether the example stories in Rich Dad Poor Dad are true. Many are wondering whether the people in the book do or did exist. Some even have reviewed that the people were made up in order to make the Rich Dad more believable.

In 2007, Robert Kiyosaki was sued by his co-author of the book Rich Dad Poor Dad. The author do not know the reason. But we all know the fact that anybody who gets sued, is sued for something malicious. But then again, frivolous lawsuits can backfire on you and seriously a waste of time and money.

Regardless of all the controversies, Robert Kiyosaki does give some sound advice about financing and real estate investing through the book Rich Dad Poor Dad. However, it's important to note that his teachings aren't new, and you can always seek some advice from other real estate investing gurus. Whether the controversies are true or not, it is still your call if you want to follow or not follow Robert Kiyosaki. - 23200

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