We’ve already noted that author Eric Tyson believes Jim Cramer’s stock advice is worse than a coin toss. Now Tyson takes on the advice of “Rich Dad, Poor Dad” author Robert Kiyosaki. In summary, Tyson berates Kiyosaki’s disdain for mutual funds and refutes many of the arguments Kiyosaki uses to favor real estate over them. Tyson also points to a larger review of Kiyosaki’s teachings that is, shall we say, less than complimentary.
But the most interesting part of Tyson’s article is the question he asks to kick it off: “Which financial gurus are worth listening to?”
He lists some options for consideration: Suze Orman (The 9 Steps to Financial Freedom), Terry Savage (The Savage Number), Jim Cramer, Robert Kiyosaki (Rich Dad, Poor Dad), Thomas Stanley (The Millionaire Mind, The Millionaire Next Door), and Jane Bryant Quinn. A few more deserving consideration include Dave Ramsey (Total Money Makeover) and even widely-read financial bloggers like JD Roth and Trent Hamm.
Of course almost every “guru” has both supporters and detractors — what works for some people doesn’t work for others — so finding consensus is difficult, if not impossible. That said, we thought we’d get your take on the numerous financial gurus offering advice these days.
So, what financial gurus do you think are worth listening to?
Which Financial Gurus Are Worth Listening To? [Eric Tyson]