“The worst advice is free advice” (“The most expensive advice is free advice”)

Financial author Robert Kiyosaki, of the “Rich Dad” website and series of books, wrote in Rich Dad’s Retire Young, Retire Rich: How to get rich and stay rich forever! (2002):
 
“As rich dad often said, ‘The most expensive advice you can receive is free advice. It is advice from your friends and relatives who are not rich and have no plans on becoming rich.’”
 
“The most expensive advice is free advice” means that following bad advice—and losing money—could make the “free advice” very expensive. Friends and relatives might be trusted on other matters, but if they’re not financially educated, their “free advice” is worth nothing.

“The worst advice is free advice” is another form of the saying. However, free financial advice (from The Motley Fool or from CNBC, for example) is not necessarily bad and highly paid financial advice (from Goldman Sachs, for example) is not necessarily better. The second part of Kiyosaki’s writing explaining the “free advice”—“It is advice from your friends and relatives who are not rich and have no plans on becoming rich”—is usually left out.
       
 
Wikipedia: Robert Kiyosaki
Robert Toru Kiyosaki, born April 8, 1947) is an American investor, businessman, self-help author and motivational speaker. Kiyosaki is best known for his Rich Dad Poor Dad series of motivational books and other material published under the Rich Dad brand. He has written 15 books which have combined sales of over 26 million copies.
   
Google Books
Rich Dad’s Retire Young, Retire Rich:
How to get rich and stay rich forever!
By Robert T. Kiyosaki with Sharon L. Lechter
New York, NY: Warner
2002
Pg. ?:
As rich dad often said, “The most expensive advice you can receive is free advice. It is advice from your friends and relatives who are not rich and have no plans on becoming rich.”
 
Anthony Robbins Forum
testosterone
3-19-2002
Who said it, the Rich Dad Poor Dad guy…Kiyosaki?
“The worst advice is free advice. “
Implying of course that the best advice is gonna cost you something
Totally true in my experience.
   
Google Groups:alt.quotations
Newsgroups: alt.quotations
From: .(JavaScript must be enabled to view this email address) (Soo CK)
Date: 9 Jun 2002 05:41:46 -0700
Local: Sun, Jun 9 2002 7:41 am
Subject: Robert Kiyosaki’s Quotable Quote
 
The most expensive advice you can receive is free advice. It is advice from your friends and relatives who are not rich and have no plans on becoming rich.
Page 78, Retire Young Retire Rich by Robert Kiyosaki & Sharon Lechter
 
Google Books
Be, Do, and Have:
The Trilogy of Human Achievement
By Scott Palangi
Published by author
2003
Pg. 99:
The worst advice is free advice (even when it’s accurate) because we don’t usually take action on it!
   
Voy Forums
Tommy
Date Posted: 23:15:22 09/01/03 Mon
(...)
“The most expensive advice is your friends and family members’ cheap advice.”
—Robert kiyosaki.
   
PerformanceForums
Instigator
11-07-03, 09:44 AM
I would recommend reading anything by Robert Kiosakie (sp??) particularly his books Rich Dad, Poor Dad and Cashflow Quadrant. Be VERY wary of any advice you get on here (including mine haha) as the worst advice is free advice because it is usually wrong.
 
UK Business Forums
Peter1972
14th May 2010, 19:10
To quote Robert Kiyosaki, “The worst advice is free advice.”
   
The Balance You Need
Highest Net Payout Network Marketing Compensation Plan
December 21, 2010 By Joe Myles
(...)
A great quote from Robert Kiyosaki’s Rich Dad; “The worst advice is free advice often from relatives or other poor people.”