Rich dad, poor dad ! cult scam?

Is becoming rich affected by the way we've been raised ? Does having poor folks mean that you will become poor yourself ? Do rich people have a secret which they use in raising their kids ? I really doubt that ! B)

I've been reading a book titled “Rich Dad, Poor Dad” lately, This book was recommended to me through a course which I was attending (Money Coaching) “Oprah Style :P”. The course tutor have claimed that the book contains ideas from the point of view of helping people whom have not had a good "economic" upbringing (MOI :P). The book speaks of how the author came from a middle class family (poor in the authors opinion) and that his dad's ideas about improving yourself (Education, Working hard, Work experience etc.) were wrong. While his friends dad “Rich Dad” had the correct attitude to become rich (No need for education etc) :o , This is highly arguable, for not all rich people were a disaster at school.

The author thinks that having plenty of money means success. Being a doctor or a teacher is not successful because all they do is make money and pay taxes. (No one would be a doctor or a teacher if this selfish view of success was embraced by all. Thankfully it isn't - according to the author's own father: "Schoolteachers really don't think about being rich. We just like to teach." Without people paying taxes only rich people would be able to afford even a basic education and healthcare.)

The worst advice was (The reason you want to have rich friends who are close to the inside is because that is where the money is made. It's made on information. the sooner you know, the better your chances are for profits with minimal risk. That is what friends are for). :o

The book makes a great read and I did enjoy reading it ! But it should be used to make you think positive about things i.e "not fearing investing your money" and not as a bible like the way the tutor was portraying it to be !

"Rich Dad, Poor Dad contains much wrong advice, much bad advice, some dangerous advice, and virtually no good advice."

John T Reed (publisher of Real Estate Investor's Monthly newsletter

This rang an alarm and made me think that if this book was topping the charts then lots of people (just like the tutor) are thinking that the book is the highway to all their financial dreams ! While books of this sort “get rich quick” should be approached with care and should NOT even be recommended in any course !

Is it fun to read ? YES ! Does it make you think postively when it comes to finance? YES! Is it a key to financial success ? HELL NO ! :x

I take it that I won't be shouting of the roofs that I am rich anytime soon :P :D