Both have written bestsellers, The Total Money Makeover and Rich Dad, Poor Dad.
They are also two of the most popular money expert in the world. Yet, both of them have varying views about money.
Who’s right? Who’s wrong? Who’s better?
Dave Ramsey advocates more on taking a step by step approach to wealth accumulation.
This can be seen in the 7 baby steps, which he has formulated. Debt and credit cards are strict no-no’s for him. When it comes to investment, he regularly advises against investing in cryptocurrency.
Instead, he advises his audience to take a safer route by investing in the good old fashion mutual fund.
Robert Kiyosaki, on the other hand, prefers to use a more aggressive method to growing wealth.
He regularly advices his audience to get educated on debt and using it as a leverage to get rich.
Unlike Dave Ramsey, Robert Kiyosaki often encourages his followers to invest in gold, silver, and cryptocurrency, calling them (gold and silver) God’s money and people’s money, respectively.
I have benefited immensely from both of them.
I was fortunate to come across Dave Ramsey early on, when I was constantly broke. With his encouragement, I paid off my debt and became more organized in my finances.
But I grew bored and wanted more. Investing in mutual fund for 20 to 40 years just doesn’t seem appealing for me. That was when I picked up Rich Dad, Poor Dad and Cashflow Quadrant and I began expanding my knowledge about wealth. His latest book, Fake, has also changed how I look at money and also the economy as a whole.
I guess to conclude who’s better would depend heavily on your current financial situation. If you’re in debt or your financial situation is in a mess, Dave Ramsey may more be more suitable for you.
But if you’re financially healthy and looking at more ambitious methods, then you may want to follow Robert Kiyosaki’s philosophies.