I agree that he has no place on Public TV. Still doesn't make him a scam artist. If William O'Neil, founder of Investor's Business Daily and author of several investing books, appeared on Public TV, you may disagree with him. After all, he encourages a system that involves technical analysis and trading of stocks. It has worked very well for him and many of his readers. For others, it does not work, or is not the preferred method of investing. But it doesn't make William O'Neil a scam artist either.Cut-Throat said:My biggest problem with him is that he was on Public TV (A supposedly credible venue).
When you tell the masses that saving slowly in 401K's is a fools game and start leveraging your money in Real Estate. This put him in the Scam Artist arena for me! - This is not good investing information for the general public. If he was just selling books, it would not bother me so much. When you start appearing on Public TV - Shame on public TV and the 'Dude" doing a 'Public Service'.
If Kiyosaki is of the opinion that people are better off leveraging their money in real estate, he has the right to sell his opinion if anyone is willing to pay. Oddly enough, many are willing.
If someone wrote a compelling book about the value of variable annuities and whole life insurance, many would disagree. If this writer somehow captured the imagination of millions and became a bestseller, would he be a scam artist? If he directed the readers to a website where those products were sold by him for exorbitant commissions, then perhaps yes. If the author wrote a follow up book which became a best seller, then some tapes which were widely sold, and did seminars for packed houses, not a scam artist. Just a very good marketer with a disagreeable message.