You wake up in the middle of the night – unable to go back to sleep, so you start switching between channels. Undoubtedly, you will come across a station – where a well-dressed person in an exotic location tells how rich he became by selling real estate. Then you hear testimonial after testimonial from people explaining how they too got rich by following the advice of the gurus. Depending on how your day went at work, you start to consider calling and trying your luck. I remember in the late 80’s I almost signed up for Robert Allen’s seminar with no money down. However, a friend who had attended in the past talked me out of it. It saved me a few dollars, because then, as now, real estate was in a recession.
John T. Reed reviews all the gurus past and present, including Robert Allen, Wade Cook, Robert Kiyosaki, Carleton Sheets, Donald Trump and many more.
It pained me to read his review of Robert Kiyosaki. After reading his rather elaborate review, I was almost embarrassed to say that I had learned something from Kiyosaki’s book “Rich Dad Poor Dad”. I read it in the period 98-99. So maybe I was very impressionable at that time. I agreed that most of Kiyosaki’s subsequent books were just reworkings of “Rich Dad Poor Dad” and its follow-up “Cash Flow Quadrant”. I have Kiyosaki’s latest book which he co-wrote with Trump, but I still haven’t made it past the first few pages. Regardless of Reed’s opinion, I’ve always enjoyed “Rich Dad Poor Dad.” However, if I ever meet Reed, I will keep this information to myself.
Take a look at his comments on the gurus. You’ll never see these infomercials the same way again.