Robert Kiyosaki Plays Loose With His Math.
Ive been reading Rich Dads Increase Your Financial IQ: Get Smarter with Your Money, by Robert Kiyosaki and while I like the general gist of the book (especially the first half), he rubs me wrong way in several places. One of these is in his use of math to support his opinions on real estate.
Much of the second half of the book focuses on real estate as a means to grow wealth, but he does make an important distinction between speculating for growth or flipping a house, and buying property as an investment. In other words, he espouses buying real estate for the purpose of renting it out and creating a cash flow, not hoping for the market to rise and create capital gains. Im not really interested in becoming a renter, but his approach makes a lot of sense to me, especially with the current economy, housing market and demographic changes.
Where I have problems is when he gets into things like OPM (Other Peoples Money).
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