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Again, I don’t know all the facts (and you should do your own research to build your own case) but I do find it somewhat worrisome that an author who’s trying to aid in financial intelligence and give us tools to increase our cash flow is himself in hot water financially and morally. Additionally, several countries have him and his business under intense scrutiny for fraud and scams. After finishing the audiobook this time around, I read a few articles online informing me that Kiyosaki (his company) has recently declared bankruptcy as well. Now I’m not pretending to know everything there is to know about Trump’s financial status, but I thought he bankrupted his companies? Which brings me to my last thought of irony. Specifically, the continued referral to Donald Trump’s financial abilities. One of the first things I noticed these six years later was that several of the anecdotes were outdated or misleading. Desiring an easy ‘filler’ book between two others, I recently returned to the audiobook version for a catch-up. I would like to think that I took away some of the author’s broad themes after I completed the book. Having little to no financial literacy at the time, the concepts were foreign but digestible. I had read the paper version of this book in 2011 while attending grad school. Most likely, he will even tell you to get "read" this book, so he can keep pocketing that sweet, sweet, poorly written, and vauge royalty money.
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He mostly earns money by pretending to be wealthy online and catfishing the susceptible. If you see this guy on YouTube, stay clear. Mabey that's why he litereraly built an entire buisness out of seminars and lectures in a collegiate style fashion (RichLLC), so he could hold people for longer and charge them more for his "precious time." Guess those street smarts didn't sell enough velcro wallets (previous company) or board games (RichLLC). I guess he doesn't mention how "street smarts" can be learned in a matter of minutes. But, understanding that RV trailer residents aren't billionaires, he substitute schooling with "street smarts," because "street smarts" is where the money is made. Seemingly, his father's failings as a person seemed to engrave a vendetta against academia itself. Robert Kiyosaki preaches anti-intullectualism because his poor phD daddy got broke from bad persoanal behavior.
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Essentially, this book "bestows revolutionary knowledge" that is bare bones knowledge to anyone with a business diploma. Dude claims the board game (a litteral peice of card board) is more valuable then a four year degree, which screams of a snake oil salesmen trying to exploit the uneducated with hopes of wealth. Only good takeaway from reading are about investing in assets, not liabilities, but that is litteraly one of the first concepts taught in finance 101 or 110&. 2) Dudes only claim to fame/welath is this book (made to sell his board game, above all else, in 1997). I sure as hell am not listening to a litteral fucking hypocrite. He promotes unethical and unsustainable practices that essentially drain his companies bone dry.For some one who is a "money god," this is about as evident a red flag as a surgeon who asks where the appendix is located. “ Rich Dad Poor Dad is a starting point for anyone looking to gain control of their financial future.”įinancial "Guru" that Constantly Goes Brokeġ) Robert Kiyosaki's various "companies" have filed for bankruptcy several times and ,most recently, in 2020.
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Robert Kiyosaki Rich Dad Poor Dad - The #1 Personal Finance Book of All Time! The result is that people learn to work for money… but never learn to have money work for them." "The main reason people struggle financially is because they have spent years in school but learned nothing about money. His easy-to-understand audiobook empowers you to make changes now - and enjoy the results for years to come. He is regarded worldwide as a passionate advocate for financial education. With perspectives that often contradict conventional wisdom, Kiyosaki has earned a reputation for irreverence and courage. With an incredible number of 5-star reviews, Rich Dad Poor Dad has challenged and changed the way tens of millions of people around the world think about money. Clearly lay out what to teach kids about money for their future financial success.Show parents why they can’t rely on the school system to educate kids about money.Define once and for all an asset and a liability.Challenge the belief that your house is an asset.Explode the myth that you need to earn a high income to become rich.Robert Kiyosaki’s easy tips and straight talk will… Listen today to set yourself up for a wealthy, happy future. Rich Dad Poor Dad is the #1 personal finance book of all time.