'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'
'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'
Robert Kiyosaki, a best-selling author and seasoned investor, has a distinct philosophy on debt and investment. In a Nov. 30 Instagram reel, Kiyosaki elaborated on his debt philosophy, highlighting a critical distinction between assets and liabilities. He said many people use debt to buy liabilities...
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I read about 1 page of that guy's book years ago, pegged him as a scammer, and put the book back on the shelf. Looks like I got it right.
Another article says his net worth is 100m, so that would mean he might have 1.2b in debt but 1.3b in assets.
I'm not sure that suggests he's a scammer on the surface.
Motivational speakers that claim to hold the keys to success, you just have to want it bad enough, are scammers. Charging people $35 for a hardcover, or $400 for a ticket to see you speak worthless platitudes is definitely a form of scam.
This is what makes him rich. Either we give him growth money or we give him test money. Test money being money he can gamble away because it comes free. Bank any profit and ask for more free money.