Rich dad poor dad Kiyosaki is alergic to thinking in terms of net worth and only cares about cashflows. He's against stores of value in general and is upset that people who think in terms of multiplying networth do better than people who think about cash-flow today. He's stuck on his stupid thesis and has to call all else sour grapes.
He literally says the secret to his wealth is debt, debt, and more debt. And is quite proud of it too.
That said, we are headed imminently for times that will make the great depression look like a cake walk.
Yes it will . I am glad I live by a river with plenty of fish, and a place to grow food . Also harvest wild animals if it comes to that .
Yeah, and his homes that he's landlording as leveraged as he possibly can to get as much cashflow per investment will all drop in value faster than gold ever will in a depression. And he'll be holding the bag.
He'll wish he had adopted maximizing bottom projection of future net worth instead of I need cash cash cash today!!
Right, I don't believe him about gold crashing, necessarily. I'll take my chances with the PM's (a real store of value).
You need to know kid that roberts ways are the banks way.
Wealth isn't about money. That's a child view. The win lottery go broke way.
Wealth comes from ppl. Using useless money Robert ends up in ownership of what ppl need and in exchange they keep him a percentage of their income.
That way inflation has no impact upon banks or Robert. They do a fuk what the price of gold or stocks are today vs. Tomorrow.
Only that they get 10% of x number of humans income.
That's not just wealth. It's power
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