New York Times best selling authors Donald Trump and Robert “Rich Dad” Kiyosaki have teamed up to lend their names to a new book called Why We Want You To Be Rich – Two Men, One Message and they’ve already managed to peeve Wall Street.
The average salary on Wall Street is $300,000 so they’re not too happy when books come out like this one that say “build a business” instead of “trust your money to Wall Street”, especially mutual funds.
A reviewer for the Wall Street Journal (no bias there) slams the book pretty much. He says just buy good mutual funds with low expense ratios. His exact quote is “Want to keep more of what you make? Simply purchase funds with rock-bottom annual expenses. Now, that’s advice that will help you get richer — but it won’t get you on the bestseller list.”
In other words, these two guys just want a quick buck but the smart money is investing in Wall Street. I’m sure there’s no conflict of interest whatsoever!
He does make a good point though: if you’re expecting this book to contain actual “how to” information, get another book.
This one’s about “philosophy” not strategies.
It’s interesting though to see these two pair up. I’ve read rumor, speculation, criticism etc. about Kiyosaki’s books. Whatever your opinion about his real estate prowess, there’s no question that he and “the Donald” can sell books like wildfire.
Mo on October 18th, 2006 at 9:06 pm
these two people are proof that starting your own business, is better than buying mutual funds!
Kevin Bailey on October 19th, 2006 at 8:49 am
Kiyosaki’s a charlatan–and has been exposed as such by John T. Reed–and Trump’s a narcissist. Kiyosaki never even HAD a “rich dad”, as he portrayed in the book that made him famous. And he threw his ACTUAL father under the bus, simply to make some quick bucks. Kiyosaki is an Amway product, nothing more, nothing less. He’s the business-world equivalent of James Frey.