He is also diversifying his investment portfolio by adding a little bit of real estate. But not rental homes, because he doesn't want a second job, it's diversified small investments in a mix of properties through Fundrise. Worth a look if you're looking for a low dollar way to invest in real estate. His story is what America is all about.
Anybody can pitch anything and make money. Reminds me about your tweet the other night about splitting the tip! He gained but the other person left holding the unpaid bills lost out! I have read just about every book from the rich dad series. Reading this article is a huge disappointment. I know im late to this article but it was very informative. The big red flag for me was where he talks about using his cat as a business partner to back out of a deal.
I had to listen to an interminable presentation by two ladies before they got down to individual interviews. When they approached me I told them I was not interested and left. It was a bizarre experience.
Personally, I would absolutely love it because it would then force the government to clean up their act and govern by the principle of the golden rule. I know. Actually all Americans CAN do the same. I am a somewhat less than average American in terms of income but have used this exact strategy to avoid paying income taxes for several years now. It all comes down to knowledge, not total funds. Shady much? They must be willing to accept that and the criticisms that come with it.
Sounds more like snake oil to me. His work was always more salesmanship than substance. Lots of people need inspiration in regular doses. His pitch for real estate was the worst! I always had a hunch that this guy was a total charlatan. He seemed kind of like a toned down version of Don Lapre. Lol Now that guy was a total fraud. Time usually will always reveal the liars out there.
It is amazing that he got away with it this long. He only really took off in Australia when he hitched his speaking wagon to the mukti-level marketing community — they are already a soft target. Some people may have clouds of doubt in their minds how truthful the personal experiences we share and how credible we can be. I always had some reservations about Robert Kiyosaki.
I was invited to one of is seminars then pitched the 2nd class for an absorbent amount which I found absurd. I still believe that his book Rich Dad Poor Dad no matter how true is a great read for the novice seeking financial freedom. Thank you for this update, I actually had no idea. I would think his brand is crushed, but it would really be interesting to see in a few years if people still remember this.
I think too many people have a short term memory, and he will be back pitching his seminars again in another year. What is extremely sad is that people are still buying into him as if he is the save all to finding financial freedom. However, Trump declared bankruptcy 4x and he is still relevant obviously. He has a siminar coming to my town. I signed up for the 1st free one. I seen the a comment of a person calling him a scumbag and got curious. I had to click on page 2 of Google to find this. You are right, his brand is back and are conducting seminars in Singapore.
Thanks god That I come across your post. I am one of those marketers who find financial freedom thanks to Mr. Salvadore, he is smart about what? Oh, teaching others how to make money using average skills, and thinking bankruptcy is excellent business ethics. I think you were blinded by his stories. How much did you invest and earn since you wrote your comment?
Where is your proof? History will not be kind to Robert K. He plays by the rules. Is it ethical? Probably not. He is not abusing anything.
I only bought his Rich dad Poor dad book. He is so shady. I know someone who actually interviewed him for a magazine in Mexico. Later he had to apologize because he realized they has recorded the inverview.
Despite how shady or how much of a hypocrite Kiyosaki might be, he did have some good principals. Regardless if he went bankrupt, it is always a good idea to get a static cash flow that exceeds your active cash flow. Still, it is disappointing when you realize that you were being lead by the black sheep of the herd. The bankruptcy was news to me. I enjoyed the first book, but then the more I read about him and his writings, the more questions it raised.
Kindle eBooks. Want to know our Editors' picks for the best books of the month? Publisher: Jerome Tan & InternetWisers; 1 edition (August 8, ). From Bankruptcy To Multi-Millions In 7 Years book. Read reviews from world's largest community for readers. The secrets I discovered on how.
Otherwise, I would want my money back. My husband and I had been greatly influenced by reading the Rich Dad books. No surprise that his business filed for bankruptcy but his personal assets were protected. So in a way he actually is practicing what he preaches. It just makes him a scumball to cheat his creditors. What you might not realize is that he IS practicing what he preaches. He tells you to start companies to not only make money but also to protect yourself.
How many of us know what really happened in the dispute?
If he did businesss in his own name and they sued him, he could lose everything. Because he did it in a business, he can only lose what is in that particular business.