'Rich Dad, Poor Dad's' Robert Kiyosaki Says He's $1.2 Billion In Debt Because 'If I Go Bust, The Bank Goes Bust. Not My Problem'

yuki2501 , 6 months ago

Despite the “get rich quicker” mentality,Kiyosaki’s books were revolutionary for me. They basically taught me that it’s impossible for the working class to get rich. You need to invest in either a business or real estate.

The missing part is that it’s practically impossible to invest in a business or real estate. You need vast amounts of capital or a loan with nearly zero interest. Oh and the ruling class has been sucking us dry for decades.

Still, his books are very valuable knowledge.

fine_sandy_bottom , 6 months ago

So, ah, that’s not how that works.

If he “goes bust” and can’t make repayments the bank will take his cars and silver and gold.

This guy is a great author, and those four words “rich dad, poor dad” are masterfully crafted. The book basically says borrow money to buy houses not boats. It’s not revolutionary, it’s just packaged in a way which is appealing to… poor dads.