“Mr. Reed, I am writing to express my gratitude for the time you have taken to read this letter.
I found your website to be informative, particularly your study of the RDPD. However, I must confess that I enjoyed the book because it was "simple to read," but your analysis is spot on.
In the Fall of 2000, I attended a Quixtar (also known as QuixScam, Amway, AmQuix, Scamway, and other monikers) conference at which he was the keynote speaker. He espoused network marketing and advocated for entire attention to the development of the Quixtar pyramid firm, despite the fact that he had not found pyramid businesses to be worthwhile in his research. RK has, in the end, discovered a means to reap considerable financial benefits from pyramid-based firms without having to start his own organisation from the ground up.
Apparently, Bill Galvin discovered his book at a carwash in or around Houston, Texas, and decided to publish it. At the time, RK was unable to have his book produced and disseminated in a more traditional manner due to financial constraints. Bill Galvin works as a diamond for Amway/Quixtar under the supervision of Dexter Yager's company. In fact, I still have an old cassette recording of a conversation between Bill Galvin and Robert Kiyosaki that I use for research purposes. If you really want it, you can have it. I'm confident that you'll enjoy it. To just a few things, the tapes he produces for Amway/Quixtar diamonds are likewise distributed in the tens of thousands, and he receives a cut of each $6 tape, which costs less than $1 to produce.
Bill Galvin, on the other hand, gave RDPD to the "leaders" in his organisation. Bill and his colleagues were enthralled by the book, and they contacted RK to order more copies. It is incredibly efficient for Amway/Quixtar to distribute motivational tools through their distributor networks (and profitable for higher ups). With the help of diamond distributors, his books were distributed to many thousands of lower-level distributors, resulting in rapid growth in his fame. Distributors would frequently purchase several to present out to potential recruits while prospecting for new business. Other multi-level marketing networks, not wanting to be left behind, caught up on the book and it has now expanded across their organisations as well. If I had to guess, the multi-level marketing sector was responsible for RK's inclusion on the best seller list.
Taken seriously, RK's credo of "financial literacy" will empower you to take financial charge of your life. However, the ambiguous and conflicting facts in his book will become increasingly disturbing as you move through the book. I attempted to track down any information about Kiyosaki but came up with virtually nothing. I'm impressed with how much information you managed to gather.
You made several extremely fascinating allusions to the "cult of personality" throughout your speech. RK looks to be benefiting from this occurrence, which may explain why he has attracted the attention of a number of multi-level marketing organisations (particularly Amway/Quixtar). Many high-level distributors in multi-level marketing organisations also profit from what could be termed as a "cult of personality" among their peers. There is clearly some "synergy" at work here. If you don't mind, I'd want to use your quote about the cult of personality as a source.
My dissatisfaction with RK has developed significantly over time as a result of his contradictions, vagueness, unsupported claims, and affiliation with multilevel marketing businesses. That should be enough to trigger suspicions in most people's minds.
In addition, did you know that his first two bankruptcies were allegedly tied to a firm that manufactured nylon wallets for men and women? I'm not sure where I heard that...it could have been on that Galvin/Kiyosaki prospecting trip I told you about, or it could have been in one of his publications. If you remember, there was a craze for brightly coloured nylon wallets in the late 1970s and early 1980s. RK was allegedly involved in the manufacture of those...first in the United States, then in China.......................... Since that was before the advent of the internet, Secretary of State corporate records do not reliably go back far enough to allow for an online search.
As soon as he realised that manufacturing wasn't for him, he went to work building a financial education (or services) company that eventually grew to have 11 offices across the world. He sold his business or a portion of his business for "a number of million dollars." I wasn't sure if you were aware of what I was talking about.
In the next years, RK's ambition was to purchase "one to two properties per year." [Being that I am not a real estate specialist, I'm curious as to why RK would concentrate on buying houses rather than other real estate assets.]
Please accept my apologies if this is all old news. When it comes to the information he released and the prospecting CDs he has created for Amway/Quixtar distributors, I can't tell you what I remember. With best wishes, Jeff Parsons is the author of this article.
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