John T. Reed, a real estate investor, looked into the accuracy of Kiyosaki's best-selling book and found it inaccurate:

• The Rich Dad is most likely an invention. It's unlikely for an entrepreneur to succeed in construction, restaurants, and convenience stores. Autho...

According to John T. Reed the famous book is filled with bad advice:

Dangerous advice

• "If you're gonna go broke, go broke big"
• Convinces people that college is for suckers

Law-breaking advice

• Advocates comm...

Many critics pointed out that Kiyosaki is selling a cult, not financial advice.

He is accused of tapping into the fantasies of the masses & being short on specifics, both attributes of religious cults.