So, are the books worth reading? kschang (author) from San Francisco, CA, USA on September 23, 2012: @Dontwitto -- AFAIK, Kiyosaki NEVER actually acknowledged Kimi to be "Rich Dad" or even inspired Rich Dad. It also leaves me wondering if the term Rich Dad serves a double purpose, also giving a slight hint of who he was. I love his books. Mr. Kiyosaki himself has stated in his books that one must finish college because it is a good investment in oneself and that the money one can earn as a college grad is like five times higher than a high school grad. Thank you for writing this article and educating us to be careful when deciding what advice to take. However, at least one have been since convicted of running a Ponzi scheme. Many of these factors are not under your control, thus, any such "formula" would be useless except as "platitudes" such as what Kiyosaki hands out. The incredible detail with which Kiyosaki has described Rich Dad over the past 18 years in books, speeches and interviews makes it very hard to believe that there wasn't at least one person in Hawaii that could have inspired this character. 2. "When we had meetings and said, 'This is what our quarter was and this is what our last six months were,' he said, 'I'm not interested. And in yet another instance, he reportedly admitted that Rich Dad is not a single real person but a composite character based on several of his advisors, including his best friend's father (the original "Rich Dad"), Dr. Buckminster Fuller, and many others. Those aren't secrets. @Sharma @ben arnold -- yes, I know Kimi was often cited as the "real inspiration" for Rich Dad. He even had the word "Rich" in his first name! One of his students was Robert Kiyosaki, author of the "Rich Dad, Poor Dad" books, who based his original "rich dad" on Kimi,' Alan Kimi said". Christopher Hemmeter (October eight, 1939 November 27, 2003) [1] turned into an American actual property developer who pioneered the concept of destination hotels in Hawaii and was concerned in playing improvement of casinos, often in New Orleans and Colorado. He work long hours building an empire of different businesses and investments that eventually included restaurants, a construction company, warehouses and a convenience store chain. kschang (author) from San Francisco, CA, USA on July 22, 2012: Wait, you read EVERY SINGLE BOOK he ever wrote? The only strange thing is the different stories that RK uses to justify it. The end of the gold standard as a disaster. like him or loath him. The view from our room is amazing! It's just rehash of same ideas again, and again. The most important thing is how it influence people and it does only in positive ways. He presents equally succinct and pithy answers, which he then attributes to "Rich Dad" and then comes up with a lot of examples, anecdotes, and experiences, that enhance his answersthough this evidence may be embellished. And what does my wealth have to do with whether to trust HIS advice? Kiyosaki has not revealed this secret since the book Rich Dad Poor Dad was first released in 1997. From books, speeches and interviews of the author, the following detailed description was compiled: Rich Dad lived just down the street from Kiyosaki in Hilo, HI, even having the same banker as Poor Dad. Now, 20 years later, that book has become the best selling personal finance book of all time and its main character, Rich Dad, has emerged as the most influential financial adviser in history, changing the way millions of people look at the subject of money. When questioned about these errors, Mr. Kiyosaki stated that the examples given are just that: examplesones that should not be taken literally. You still have to pay the mortgage on the rental property if someone doesn't pay their rent; good renter screenings reduces this issue but doesn't eliminate it. The Hyatt Regency Waikiki Resort and Spa is located right on Kalakaua Avenue, the main shopping street in Waikiki, and has direct views to Waikiki Beach. If you look the how they did the magic. you stop enjoying the magic. The company's U.S. holdings beyond Hawaii include the 599-room Fairmont San Francisco Hotel, which it bought for $450 million in November. Otherwise don't criticize Zig Ziglar said no nation have ever erected a statute of a critic. His name was Richard Wassman Kimi. Some critics even went so far as to demand the book be moved to the fiction side of the bookstore. At least one parent has reportedly complained that her child read Rich Dad Poor Dad and now refuses to go to school. Wow! Wise up writer and stop living in your envy and jealousy. And finally via patience my wealthy dad started coaching me approximately money. They like to believe they've learned a "secret" that sets them apart from the ignorant masses. Like many Hawaiians of Asian descent, he enlisted in the Army after Pearl Harbor was attacked. Then, in yet another interview on the topic, supposedly a journalist was given the contact information of one of the sons of the actual Rich Dad by Kiyosaki and this journalist spoke with a someone on a phone call that said that Rich Dad was his father but this call neither convinced the journalist of any authenticity and further that journalist had agreed not to disclose the phone number or the person he spoke with prior to the call. Which only adds to the DISRESPECT Kiyosaki shows, doesn't it? So take the Rich Dad series of books for what they're worth: some rather generic advice that may or may not apply to you, with illustrative examples that may or may not be true, and personal anecdotes that may be true, false, or somewhat true but embellished. The sprawling resort has more than 60 stores, three on-site restaurants, meeting facilities and a pool that overlooks the Pacific Ocean, is located steps away from Waikiki Beach, Morvant said. Yet his books made a huge difference in my real status. Kiyosaki kept it a closely guarded secret since the book Rich Dad Poor Dad was first published in 1997. Everyone who is saying this is a fraud because his past is a 'fraud', well this writer made millions without the book. Enjoy endless resort benefits, including: Premium WiFi in guestrooms and public areas Two re-usable souvenir Hyatt water bottles (with water stations located on each floor) If so, why don't you trust words of Warren Buffet or Bill Gates more instead? Fel Amejan from Philippines on September 14, 2014: For me i don't care if it is true or not. I thank God for the life of these people. He met people, witnessed a few things and turned them into characters. Am a great fan of RK and if you have done any due diligence in reading books about personal finance you will realize that many of his principles are not unique to ''rich dad''. Search for: . Him and his brothers built Kimiville, a low-rent housing project in Hilo. Well, is he a myth or not? His name was Richard Wassman Kimi. Take some good points and leave the rest. Kimi never wanted to build large hotels but instead wanted to serve local residents and those travelers that were on a budget. One of the most frequent complaints about the Rich Dad series is that nobody can find any evidence of "Rich Dad.". A book about Wall Street rumors discussed the idea, and found it to be a Chicken-Little "sky is falling" alarmist view, sorta like that of the 2012 alarmists. (I remember when it was 220 yen to 1 dollar. "We need to add room capacity to Waikiki. Discover genuine guest reviews for Hyatt Regency Waikiki Beach Resort & Spa, in Waikiki neighborhood, along with the latest prices and availability - book now. English; hyatt regency hotel waikiki owner rich dad. In the book Rich Dad's Guide to Becoming Rich Without Cutting up Your Credit Cards, he gave the example of his prized Porsche. Aloha! Just tell me five, 10 years what you guys are going to be doing.' The Hyatt despite being a high rise still has a very Hawaiian feel about it in the lobby area and the shopping area it is built on is convenient. Good (2114 reviews) Resort Hilton Hawaiian Village Waikiki Beach. So whether good or bad, the impact of this Rich Dad has been enormous. Aloha! The lifts take forever. He did not wish his identity known during his lifetime and Robert did a great job of not revealing. Realizing that his concept was working, Kimi went on to build the Hukilau and Seaside hotels in Kona (on the other side of the Big Island), on Maui, and on Kauai, and he would also purchase the old Waikiki Biltmore Hotel, now the site of the Hyatt Regency Waikiki. The problem is that a person who buys the book is likely to think that the examples given should be taken as gospel, 100% correct and 100% accurate. So to find out that the character of Rich Dad is just that, a character, not a real person, sure puts his credibility in doubt. And the book was published as non-fiction. Resort Kauai Beach &. He bought it, he says, by turning bad debt into good debt. Flying first class or taking a Hawaiian cruise? After the war, he worked in his family's business selling Army surplus goods but it wasn't turning a profit so he took the remaining unsold equipment and turned to construction. 0.2 km from Hyatt Regency Waikiki Beach Resort And Spa. I am NOT interested in who the Rich Dad is/was. yes it doesnt matter if Richdad exist or not, but what this page's author is trying to say is that not all things written in the book are accurate and thus must only read it for motivational purposes. Special thanks to Robert Kiyosaki(RICH DAD POOR DAD), Nice story of the real rich dad. There is nothing wrong with a contingency clause in a contract that allows you to back out of the deal if you spot a problem. Professionally cleaned with large windows. Inside the World of Robert Kiyosaki: The Full Rich Dad Poor Dad Story. Over the past 18 years, it has come to be the top selling personal finance book ever and its key character, Rich Dad, has arisen as the most significant financial adviser ever, shifting the way masses of people view the topic of cash. The rooms are quite dated. Sharing that information was a gift Thank you. In fact, from our room's balcony, we could look down at the famous status of Duke Paoa Kahanamoku on the beach. Even though he allegedly failed English, he is excellent at reducing problems down to a soundbite that one would care about. However, it's biased toward real estate deals for cashflow (esp. so can people stop commenting on "does it matter if rich dad exists" or "what is yoru account size". The Arena Media Brands, LLC and respective content providers to this website may receive compensation for some links to products and services on this website. In 2009, a Hawaiian hotelier named Richard Wassman Kimi died, and the Honolulu Advertiser obituary read that, "Richard Kimi also enjoyed teaching and sharing his sales, marketing and business knowledge. Try to discredit the person that delivers the message. 8.0. It still might make for some interesting reading and may have some good points that insprie or enlighten. I was saddened to hear that "Rich Dad" probably does not exist, but it was something that I suspected. 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