Kiyosaki is a money grubbing fraud, phony, and liar. He’s not even the last person to listen to about something like this.
I can’t get the source URL to work.....
Interesting.
He speaks well, and I have no doubt he believes what he’s saying —I sure do.
But didn’t he at one time actively PRAISE the merits of debt?
If memory serves, he advised carrying about ONE MILLION DOLLARS —of debt.
Hard to believe, huh?
“SLICK Dad, Poor Dad”
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Kiyosaki advised his readers to begin buying silver in 2005. He saw this coming.
My understanding is that he favors ownership of assets that produce cash flow (real estate and businesses, rather than stocks and bonds).
It is conceivable that people who bought real estate recently are still benefiting from rental income, despite the value of the property being below the loan amount.
If Rich Dad proved anything, it’s that selling books is one of the best ways to achieve cash flow.
Sounds like a scam artist on the make.
Kiyosaki is a fraud, etc., so the economy is still in the wonderful Obama recovery. Continue giving us government employees our big, fat paychecks, get loans, spend lots of money, and stop saying negative things about our economy.
[Little irony and sarcasm there. Real estate is dead for decades, and the day of reckoning will eventually come with repudiation of the debt. We’ll then be rid of the pesky, busybody government employees of today and have better leadership in business, politics and academia.]