John T. Reed

If you're interested in this kind of thing, I highly recommend these books: Football Clock Management - https://johntreed.com/collections/football-coaching-books/products/foo… The Contrarian Edge for Football Offense - https://johntreed.com/collections/football-coaching-books/products/the… Clock management is not just for the last minutes of the game, it is a fundamental part of the strategy for the entirety of play, starting before the game. I enjoyed them from a not-really-even-a-fan perspective, somewhat like a Moneyball type of read.

Here's a great discussion of that: https://johntreed.com/blogs/john-t-reed-s-hyperinflation-deflation-blo… Great info that stands independent of the author's politics and book-shilling.

It's great if you're inspired, but be aware Kiyosaki is primarily a salesman: https://johntreed.com/blogs/john-t-reed-s-real-estate-investment-blog/…

It's worth noting that this is a work of fiction. http://www.johntreed.com/blogs/john-t-reed-s-real-estate-investment-bl…

http://www.johntreed.com/Kiyosaki.html "A number of people asked me about Robert T. Kiyosaki and his book Rich Dad, Poor Dad. When I said I didn’t think he was a real-estate guru, they insisted he was. Several told me I would like him, that he preaches a message like mine. Eager to find such a guru, I bought his book, Rich Dad, Poor Dad, in a bookstore. Summary Rich Dad, Poor Dad is one of the dumbest financial advice books I have ever read. It contains many factual errors and numerous extremely unlikely accounts of events that supposedly occurred. Kiyosaki is a salesman and a motivational speaker. He has no financial expertise and won’t disclose his supposed real estate or other investment success. Rich Dad, Poor Dad contains much wrong advice, much bad advice, some dangerous advice, and virtually no good advice."

Paul Graham is one of my favorite writers. He's engaging, surprising, simple, and brief. And he writes on topics of interest to everyone. Does anyone else know good essayists that share these same qualities? I rather like John T. Reed as well: http://johntreed.com/headline.html

Kiyosaki is one of the worst scammers of all time. His books are not only wrong but dangerous to your financial health. Absolutely irresponsible. He got rich by writing books about how to get rich. This is a must read: http://www.johntreed.com/Kiyosaki.html

I did just a quick search and found a number of sites, most referring back to John T. Reed's piece here: http://www.johntreed.com/Kiyosaki.html Although the content at the Reed link feels sensationalized to me (and sometimes very nit-picky) many of the points could be generalized as: - Don't blindly follow what you read, and - Kiyosaki is not consistent. I found the books (I bought many of them - rather inexpensively by getting them used) VERY repetitive and along the lines of "read more, I am about to spill the secrets" followed soon after with the let down of "I am not going to tell you how, just why." I guess I was feeling more as a how-to kind of person when I chose the books. They also repeatedly recommended getting expert advice from professional CPAs and Attorneys. Still, just like all "advice" books, there are bits of truth and helpful angles to be found. I am building up a modified version of the Cashflow plan in Real Estate, while continuing to keep my day job. :) But the game can really expose one's level of acceptable risk, and help one see their choices and the possible impacts. Nothing like playing with fake money first and getting your hard knocks virtually, instead of betting the farm and having to start over.

John T. Reed, an actual real estate guru, has been targeting Kiyosaki for decades.[0] Reed graduated from West Point and Harvard Business School, and he was so early into the real estate investing wave that he debated Robert G. Allen (No Money Down) on 60 Minutes in the 1970s. No one can ever find any of Kiyosaki's investment properties. And check out his opinions of dozens of other real estate gurus on his web site.[1] He does respect a few, but they are few and far between. [0] https://johntreed.com/blogs/john-t-reed-s-real-estate-investment-blog/… [1] https://johntreed.com/blogs/john-t-reed-s-real-estate-investment-blog/…

Rich Dad Poor Dad is a lying, POS, grifter. https://johntreed.com/blogs/john-t-reed-s-real-estate-investment-blog/…

Steer clear of Rich Dad, Poor Dad. It is a fun read, and it does contain some good advice. But the author lies about his past, and the origin and quantity of his wealth, and the book also contains dangerous and illegal advice. I suggest The Millionaire Next Door as a better book. A good takedown of Rich Dad from John T Reed: https://johntreed.com/blogs/john-t-reed-s-real-estate-investment-blog/…

I would steer clear of the bullshit peddled by Kiyosaki... https://www.johntreed.com/blogs/john-t-reed-s-real-estate-investment-b… It's exactly this kind of get-rich-quick crap (that always seems to revolve around heavily leveraged real estate) that was one of the causes of 2008

I think this link was shared on hackernews before, but you need to read this[0]. Gives you some background and pain-points. [0] - https://johntreed.com/blogs/john-t-reed-s-real-estate-investment-blog/…

Yeah.. Any critical thinker could see Robert trying to influence people. He actually is in favor of MLM systems in it, the minute I read that I was instantly suspicious of him... I later found out for good reason. https://www.johntreed.com/blogs/john-t-reed-s-real-estate-investment-b… https://toughnickel.com/personal-finance/Robert-Kiyosaki-May-Not-Be-th…

I've heard that book isn't very good. It is full of stories that didn't happen and are just Robert's ideas about what makes a rich person rich. Basically, Robert got rich from telling others how rich people are. I've read plenty of books about finances that are just mind-numbingly obvious that it is a skip for anyone with common sense. Would you agree RDPD is that kind of book? https://www.johntreed.com/blogs/john-t-reed-s-real-estate-investment-b…

Another website: http://www.johntreed.com/Kiyosaki.html Kiyosaki added a note about fictionalizing, which caused a stir.

http://www.johntreed.com/Kiyosaki.html Is probably one of the better resources regarding Robert Kiyosaki.

Self-contradictory advice reminds me of the Bible :-) http://www.johntreed.com/Kiyosaki.html#bothsides

Here is one head tax proposal (where everyone pays the same dollar amount). http://www.johntreed.com/headtax.html

Learn it from the masters: http://www.johntreed.com/HTWP.html He maks his money by self publishing Real Estate newsletters, which are information dense and there is a niche market for that kind of stuff. He has a lot of sensible tips on self publishing.

http://www.johntreed.com/Kiyosaki.html Kiyosaki might have some good nuggets of general wisdom in his book, but he is one of those whose actual success is based on book sales, not other business(real estate, investing, etc.).

Here is a list of "debate tactics." http://www.johntreed.com/debate.html

John T. Reed is a pretty smart guy, you might look into buying his book. http://johntreed.com/hyperinflationdepression.html

Yes to Graham. Emphatic no to Rich Dad Poor Dad. Here's why: http://www.johntreed.com/Kiyosaki.html

PG was rich before he was known as a writer. Spolsky and the 37signals crowd more than likely would have been rich either way, just not near as quickly. I 100% agree for Tim Ferriss and that pile of shit, vapor peddling, scam fuck, Robert Kiyosaki. http://www.johntreed.com/Kiyosaki.html

http://www.johntreed.com/Kiyosaki.html Here's a pretty thorough exposure of Kiyosaki as a total fraud, by the main guy cited in that Wikipedia segment, John T. Reed.

I hope you realize that Robert Allen was a fraud. http://www.johntreed.com/Reedgururating.html#anchor496881

Yeah, read this for a more thourough criticism of everything that's wrong with Rich Dad Poor Dad: https://johntreed.com/blogs/john-t-reed-s-real-estate-investment-blog/… However, one thing that is actually valuable from the book: The cash flow for rich people vs. everybody else. The idea is to own assets that generate cash. This cash (and only this) should be used to buy luxury stuff. But of course, you don't need a whole book for this idea. * I add another "red flag" for such a list: "The Richest Man in Babylon". This is easily the most overrated book I have ever read. There is only one idea in the entire book and stretched over 100 pages or so: Reinvest 10% of your income. That's it. There is literally nothing else in this book. There are like 5 stories or so set in a middle-age arabian setting or whatever about people who do exactly this. Invest 10% of their income, favorably in stuff they understand. It doesn't go any deeper, nothing concrete, nothing helpful.