Comments on: Robert Kiyosaki versus Suze Orman Smackdown

By: Ouida

Ouida — Tue, 21 Jun 2011 03:46:29 +0000

Honestly, I haven’t been able to find his net worth either. Be that at it may he has been right on calling the economic crash and the rush into precious minerals. Now many people understand that their home is not an asset.

By: Ryan

Ryan — Mon, 20 Jun 2011 22:41:49 +0000

i have read a few of Roberts works and what he says makes sense and there are many global examples of people who have aquired and built wealth via a similar concept.
Quick Q directed to Kyle Andrews. I’ve been tying to find roberts net worth but ur comment is the first iv found. Is it a true figure or purely speculation? Nt to discredit you in any way but is the numbers u gave from a particular source or something?

By: Ouida

Ouida — Sun, 08 May 2011 18:23:13 +0000

Kyle:

I could not agree more I went to his free wealth seminar in Scottsdale in 2002. He does not play around. I’ve read all of his stuff. Truth is that SO’s advice does not work. Does not stand the test of time….and….even she does not follow the advice she peddles to the masses.

By: Kyle Andrews

Kyle Andrews — Sun, 08 May 2011 11:34:01 +0000

Great article my thoughts are.. ummm Robert is worth over $88 million dollars as of 2011 and that’s not including some of his oil holdings and international businesses, Suzie is only worth $25 million ya she may have her own TV show but I’m a firm believer of the numbers don’t lie. Plus I have been by his mansion in Scottsdale, AZ let’s just say opulence is the only word that comes to mind. He and his wifes matching his and hers Lambos, Rolls-Royce the list goes on. If you haven’t read Rich Dad Poor Dad you need to you can get it used on Amazon.com for a couple of dollars its a must if you are looking for financial education! It actually gives you options how to become wealthy or affluent rather than just telling you to save and invest in a 401k…

By: Ouida

Ouida — Tue, 03 May 2011 12:36:05 +0000

Thanks, Erika. Like you, I have a job, invest in real estate and have a home business. The problem that I have with Suze Orman is that she spouts conventional wisdom about wealth building, but actually dies not follow her own advice. While she was advising people to invest in mutual funds to build wealth in the 1990s she, herself, wasn’t invested in them at all. Kiyosaki is a bit of a financial iconoclast and I love that about him.

By: Ericka

Ericka — Sun, 01 May 2011 16:49:46 +0000

This was interesting,
It is my belief that investing, starting a business and other avenues of income would be the solution. The reality is that there is no magic wand to financial freedom, and believe me, man will error many times over.By simply trusting in just a business, jobs, realestate, or even the downwardly spun 401K will leave you confused and dissapointed. It is better to be like on ocean whichcollects from multiple streams. I would suggest to have all things working for you, then if one fails, there are 2-3 more that can keep things going. Diversify. Ultimately Suze Orman and Robert Kiyosaki have the same goals ( helping people create financial freedom), do more than one thing to create their own income ( investing, realestate and marketing themselves). I do have a job, invest and have a home business thats a no brainer. When I couldn’t work on the job at various times then I still had income from my home business to fill in. I also use my home business to pay down debt and once completely paid off it will be used to invest and save as well. If it makes cents it makes dollars.

By: The Wealthy Vampire

The Wealthy Vampire — Tue, 04 May 2010 03:22:53 +0000

[...] all of them extolling the virtues of mutual funds and the stock market as the way to get wealthy. The Robert Kiyosaki/Suze Orman smack down came down to just that: the viability of the stock market, mutual funds and 401Ks as [...]

By: Ouida

Ouida — Tue, 09 Mar 2010 22:53:27 +0000

Hey Rick,
Thanks for the “shout out” as they say. We’ll see how this one pans out and if these two folks exchange jabs again. The 401K has turned out to be a race against time as it were. Robert Kiyosaki mentioned the October 2009 Time article in his Tweet: Why It’s Time to Retire the 401K.

By: Rick Rule

Rick Rule — Tue, 09 Mar 2010 19:02:50 +0000

Ouida,
I couldn’t agree more with your assessment. A lot of people like Suze because she helps people deal with their current bad situation. It’s the “first aid” that can get you back to where you were. Robert’s philosophy is that the poor and middle class will always bear the burden financially and only the people who have developed passive or residual income that is more than their expenses are free.

It’s also ironic that the poor and middle class seek financial security but will never find it. Only by pursuing freedom will they gain security.

My thought is that if you depend upon a 401(k) for retirement then you set up a race condition to see which gives out first – your money or your life. My bet would be on the money going first.
Rick Rule´s last blog ..New Year’s Resolution Status Check