MonaVie distributors love to claim that famous top-selling business author, Robert Kiyosaki is a supporter of MonaVie. They’ll tell you to go read Rich Dad, Poor Dad – his most famous book. What they don’t tell you is that the book clearly and directly against MonaVie. On page 61 of my paperback version, there’s a description of liabilities. For those unfamiliar with the business term, it can roughly be described as a recurring expense. A cable bill could be considered a liability since it’s likely to drain money from your bank account. MonaVie is another example of a liability since MonaVie’s policy of building the business requires the recurring expense of buying product.
Beyond that it’s important to note that Robert Kiyosaki has not made any money from multilevel network marketing. I do not believe he is a MonaVie distributor, which should speak volumes right there. (I could be wrong about the previous two sentences and I welcome anyone willing to provide evidence to the contrary).
Kiyosaki’s book Rich Dad, Poor Dad got its start from being featured in Amway — see The Section of Creature of Amway… so it’s little surprise that he might be paying it back to the MLM organizations. Of course that doesn’t mean he really believe in MLMs or MonaVie. He doesn’t put his money where his mouth his and actually build an MLM business (see previous paragraph).
Furthermore, many personal finance people critique Robert Kiyosaki as not delivering sound financial advice. These include The Simple Dollar, and Generation X Finance (note the title of him being “off his rocker again”). ABC’s 20/20 put his advice to the test by giving three people $1000 and giving them the goal of making a return on it in 20 days. Kiyosaki coached them personally. It was pretty much a resounding failure with all contestants saying, Kiyosaki never gave concrete advice. “All [Kiyosaki] does is, I guess, is open your mind to the possibility. He doesn’t tell you how to do it.”
The last point is consistent with reviews that say, “The book is more of a motivational book to get readers thinking about money, rather than a step by step guide to wealth. Rich Dad, Poor Dad is written in an entertaining anecdotal manner that makes a topic that many avoid (finances), interesting.”
It is worth noting that Kiyosaki admits that Rich Dad and Poor Dad never existed. It’s a fictional story. I don’t really view that as an overly negative thing, except that it is never disclosed as such in the book itself. It’s more evidence that the book is about entertaining more than it is about teaching sound personal finance principles.
It is quite possible that Kiyosaki is scamming people himself. This investigative report shows that Kiyosaki has free seminars designed to get people pay more for expensive training (classes that cost up to $45,000). Part of that training included asking people to raise their credit card limits, which Kiyosaki admitted was poor advice. It is probably wise to listen to people like Jean Chatzky, Suze Orman, Dave Ramsey, or David Bach. I’m not a fan of all these people, but they give much more sound personal finance advice than Kiyosak… and they don’t try to charge you $45,000 for training. (Thanks for the link, Anonymous Aussie.)
Originally posted 2010-06-30 07:02:04. Republished by Blog Post PromoterThe above article is intended to be accurate at the time of its original posting. MonaVie may change its pricing, product, or other policies at any time without notice.
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Next: Jim Janssen: MonaVie Distributor / Scammer