According to John T. Reed the famous book is filled with bad advice: 
Dangerous advice
<ul>
<li>"If you're gonna go broke, go broke big"</li>
<li>Convinces people that college is for suckers</li>
</ul>
Law-breaking advice
<ul>
<li>Advocates committing a felony: have rich friends for trading stock based on non-public inside information, he says "That's what friends are for."</li>
<li>Recommends tax fraud by deducting vacations and health club dues</li>
<li>Brags about using a partner weasel clause in which his cat is his partner</li>
</ul>

"Rich Dad, Poor Dad" contains dangerous advice

John T. Reed, a real estate investor, looked into the accuracy of Kiyosaki's best-selling book and found it inaccurate: 
<ul>
<li>The Rich Dad is most likely an invention. It's unlikely for an entrepreneur to succeed in construction, restaurants, and convenience stores. Authors history also doesn't match up. </li>
<li>Previously Kiyosaki named at least 2 other people as "the best teacher I ever had", making the same claim about the "Rich Dad" sound false. </li>
</ul>

"Rich Dad, Poor Dad" is Fiction

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.

Kiyosaki is making money from a personality cult

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.

Kiyosaki is making money from a personality cult

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