Rich Dad, Poor Dad author is deeply in debt, again

Pekelo

Pekelo

He filed for bankruptcy back in 2012, and now:

https://finance.yahoo.com/news/rich-dad-poor-dads-robert-193714809.html?guccounter=1

The article isn't that clear about his investments, but he seems to be overleveraged. But being in 1.2 B debt, that is something... He invested in Bitcoin too, how can you go down with that?

"He is known for his stance against fiat money, labeling it in derogatory terms and instead advocating for investment in what he calls “real assets” like Bitcoin, silver, gold and Wagyu cattle. Bitcoin, in particular, is a favorite of his, perceived as a hedge against the deteriorating value of the U.S. dollar. Kiyosaki views gold, another key component of his portfolio, as more stable and reliable than cash, which he calls “trash" because he just doesn't "trust the frickin' dollar." He has expressed a willingness to increase his gold holdings even if prices drop significantly."

Longer discussion:

old.reddit.com/r/wallstreetbets/comments/18x6htm/rich_dad_poor_dads_robert_kiyosaki_says_hes_12/
 
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Rich Dad, Poor Dad's' Robert Kiyosaki Says He's $1.2 Billion In Debt.

If Robert Kiyosaki Goes Bust, The Bank Goes Bust. Not My Problem

Another book, please.
 
Pekelo said:
He filed for bankruptcy back in 2012, and now:

https://finance.yahoo.com/news/rich-dad-poor-dads-robert-193714809.html?guccounter=1

The article isn't that clear about his investments, but he seems to be overleveraged. But being in 1.2 B debt, that is something... He invested in Bitcoin too, how can you go down with that?

"He is known for his stance against fiat money, labeling it in derogatory terms and instead advocating for investment in what he calls “real assets” like Bitcoin, silver, gold and Wagyu cattle. Bitcoin, in particular, is a favorite of his, perceived as a hedge against the deteriorating value of the U.S. dollar. Kiyosaki views gold, another key component of his portfolio, as more stable and reliable than cash, which he calls “trash" because he just doesn't "trust the frickin' dollar." He has expressed a willingness to increase his gold holdings even if prices drop significantly."

Longer discussion:

old.reddit.com/r/wallstreetbets/comments/18x6htm/rich_dad_poor_dads_robert_kiyosaki_says_hes_12/
More...

No way this is true.
No bank is going to lend him 1 B to buy bitcoin and gold. And no bank would do so without liens on his Ferrari and rolls (meaning they aren’t paid for)
 
1) He never was so much into BTC, since it's over $10K he hasn't claimed much that he bought.

2) Probably one of his LLC's is not worth keeping up with current interest rates, so he choose to declare bankruptcy of one oh his LLC's...

3) Yahoo editors are BS...
 
Pekelo said:
He filed for bankruptcy back in 2012, and now:

https://finance.yahoo.com/news/rich-dad-poor-dads-robert-193714809.html?guccounter=1

The article isn't that clear about his investments, but he seems to be overleveraged. But being in 1.2 B debt, that is something... He invested in Bitcoin too, how can you go down with that?

"He is known for his stance against fiat money, labeling it in derogatory terms and instead advocating for investment in what he calls “real assets” like Bitcoin, silver, gold and Wagyu cattle. Bitcoin, in particular, is a favorite of his, perceived as a hedge against the deteriorating value of the U.S. dollar. Kiyosaki views gold, another key component of his portfolio, as more stable and reliable than cash, which he calls “trash" because he just doesn't "trust the frickin' dollar." He has expressed a willingness to increase his gold holdings even if prices drop significantly."

Longer discussion:

old.reddit.com/r/wallstreetbets/comments/18x6htm/rich_dad_poor_dads_robert_kiyosaki_says_hes_12/
More...
Good Morning Pekelo,

Another classic example of reading books on how to get rich quick is a scam and waste of time.

If someone seriously wants to get rich, just sell stuff to people on how to get rich and then you will be rich.

"Selling lies is the GURANTEED way to get rich, quick" SimpleMeLike.
 
Frederick Foresight said:
Robert Kiyosaki should be judged by the company he keeps:


There are entrepreneurs, and then there are entremanures.
More...
He had/has a podcast, where every 30 secs he would remind that fiat is done and gold/BTC is the way to go and how ,, they '' are out there to get you.
 
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