Why Robert T. Kiyosaki is a best-selling author?

Robert T. Kiyosaki is the best personal finance author I follow. I started reading his books back in 1999. Although some reviews you found written by readers on Amazon say that he keeps repeating most of the points, I still find them interesting every time. It works as a revision whenever he repeats.

Robert tells us that he failed his English language test in school. He is not a best-writing author. But he is definitely a best-selling author simply because he knows how to make ideas sticking on our mind for ages.

We love stories

One of the common traits of best-selling authors is that they are all great story-tellers. You can find many stories about his experience, his rich dad’s stories, and his poor dad’s failure throughout Robert’s books. Nothing is better to read than stories. That’s why Harry Porter sells!

Simplification of complicated financial matters

If you can turn a simple idea into something complicated, that is stupid. Look at the cause of this financial crisis. There are too many complicated financial derivatives created by the well-educated financial experts.

If you can tell something that’s complicated using the simplest word, that is genius at work!

Imagine that there are many people trying to teach the same stuff, but you just can’t get it right. And suddenly someone appears to teach and show you how easy it is, he suddenly becomes a guru!
I guess this is how Robert gets his fame. We read a bunch of personal finance books. But none of them is giving a greater impact compared to Robert’s book.

He lets you read his latest book even before it is published!

Seth Godin writes blog posts and later compiles the articles and publishes it as a printed book. The similar thing is happening here on this blog. There was even a reader being pissed off when he found that some of the content of my books are available here for free!

Meanwhile, Robert takes it one step further. He told you that it is going to be a book to be released in future. Now, he is releasing chapter by chapter to let you read it first hand and participate in the discussion. Is this a marketing gimmick? Why care about that because you can read it for free anyway.

Do you know there is a conspiracy of the rich against the poor?
People live poor because they still haven’t realized there is a conspiracy.
This is the subject of Robert’s latest book in progress. You can read it here:

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I learn a lot by reading his books. At the same time, I am very much entertained too.
Nobody likes the story about a moderate dad. That’s why the story about rich dad and poor dad sells multi-millions copies of books!

About The Author

KCLau

personal finance author and trainer

29 Comments

  • MoneyEnergy

    Reply Reply June 1, 2009

    Hey, good to find another Kiyosaki fan! That is great to see he has a new book out, or coming out – I cant wait to read it through the new interactive format. I agree with you that he and other bestselling authors are great storytellers. It helps make the information easier to understand, and more intelligible by putting it into practical situations. Kiyosaki is also the one who said, I believe, that intelligence is the ability to make finer distinctions. Thats always something that has stuck with me and rung true.

  • Gerald

    Reply Reply June 1, 2009

    Robert Kiyosaki is definitely good and I like reading his books too but I do prefer to read books of local authors like yourself, Azizi Ali and Adam Khoo to name a few cos it relates to the local scene and easier for us to adapt and adopt. Nevertheles, the more we read, the better, so no harm.

  • Nash

    Reply Reply June 2, 2009

    Robert Kiyosaki is a great personal finance guru. His books talks about a mental shift from an employee to an investor mindset.

    He is one of the main push for me to venture into investment and business. I recommend to read all his books.

  • James

    Reply Reply June 5, 2009

    Experience is a great teacher, and in live learning from mistakes help to make a person wiser. Being wise is better than being smart. Robert Kiyosaki is able to relate his investment experience and gives his advice through the investment books he wrote.

  • traineeinvestor

    Reply Reply June 27, 2009

    While some people claim that Kiyosaki is inspirational, his track record is actually pretty awful, his credibility is non-existent and some of the things he writes are simply laughable. The guy makes a living selling seminars and half baked financial inanities to the gullable.

    John T Reed has the best review of Kiyosaki: http://www.johntreed.com/Kiyosaki.html

    • KCLau

      Reply Reply June 28, 2009

      @ Traineeinvestor,

      That’s a very interesting review by John T Reed.

      • A.K.J.

        Reply Reply August 26, 2009

        I do agree with Reed’s analysis of Kiyosaki’s books. His books are meant to sell, not really informative, although I must say that they’re pretty inspiring. What must be cautioned to potential readers is that certain advices advocated in his books are not as simple as he sounded. By only describing the greener pastures of the ‘right side’ of the quadrants, readers may be duped to believe that the pastures are definitely and has to be greener on the other side. For example, while it’s generally true that property investors can earn passive income by owning properties and renting them out, he should have cautioned the downside risk of this strategy. Most people starting in the E quadrant may not have the capability to own that many properties. And it’s too risky to put most of their saved income into one property. Imagine if the project is stalled, then the investor will be saddled with a huge mortgage while not deriving any income. I have personally known people who have bought properties in hope of getting the rent checks, but instead turned into huge liabilities. If I were to write a book on financial planning, I would have written both the upside and downside risks of each investment strategy because not doing so is rather a disservice to my readers. Another ‘bad’ advice is measuring success of a person through his or her financial statement. A person’s success in life should not be measured only by his or her financial achievement. It should be the degree of realization of the person’s dreams. For example, someone may have a dream to trek up the highest mountains in the world and he spent most of his earned money to realize this dream. In my humble opinion, to follow his own dream and realizing them is a success and it has made his life meaningful. (Of course, he should still have a retirement plan for his old age.) Lastly, another major bad advice is how he has sort of painted the picture that going to college, getting formal education has to be working against wealth-building, which I strongly disagree. Although it’s generally true that many of the skills required to be successful in real life are not really taught in schools, but there are still a lot to learn from these formal education channels too. To those who may share the same view, I recommend these other books which I think are more practical and less rhetorics and narrations: Richest Man in Babylon, The Only Investment Guide You’ll Ever Need by Andrew Tobias, The Money Guide (or Book?) by CAP.

  • FinanciallyFearful

    Reply Reply July 9, 2009

    hi there,

    kiyosaki suggested to do m.l.m but in malaysia it sounded kinda like really nasty stuff…
    so what is your opinion regarding this matter? should i join one?

    • KCLau

      Reply Reply July 9, 2009

      @ FinanciallyFearful

      They recommend MLM for their marketing skill training.

  • B@L@

    Reply Reply July 14, 2009

    i have done with the new book called conspiracy of the rich, very informative and easy to understand. FinancialFearful, as piece of sharing, you should join one and start learn it and earn it 🙂 . We are going to start somehere right? why dont we start from here. what is sure is the MLM is slow but surely wil do better to those who believe in it.

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