I've seen Robert Kiyosaki being interviewed a couple of times, but couldn't listen to the end because, for me, he just never seemed to have anything interesting to say. Now I find out that on October 12, 2012 he filed for corporate bankruptcy through one of his companies (Rich Global LLC), and that he did so again in May of last year when his company didn't forward the proper royalties on its seminars, and after losing in court, didn't have enough money to pay.
I guess he's given out some good advice, like the idea of acquiring assets versus liabilities, spending responsibly and really knowing what you're buying. But come on! That's just simple common sense—nothing earth shattering about it.
I've never read one of his books, and now I guess it's pretty much guaranteed I never will. Something about the guy just always struck me as not being quite right, and now that I've read an article written by thecollegeinvestor.com which states that though he talks about life lessons he's learned and how this has allowed him to do great things in real estate and other ventures, the fact of the matter is...
- According to Forbes.com, prior to his 1997 publication of Rich Dad, Poor Dad, Robert Kiyosaki never had any documentation of the wealth he supposedly amassed.
- There really wasn't a rich dad, even though his book specifically claims there was one (Smart Money Magazine, February 2003)
Since I was never impressed with the guy to begin with, I'm not surprised with any of this, and now have an even lower view of him, regarding him as someone from whom I am not at all likely to seek financial insights.