What does Kiyosaki say about real estate?

Real estate investing is not for the faint of heart. It’s illiquid, there’s a time lag, and it requires good financial education.

What happened to Robert Kiyosaki?

The Author Of The ‘Rich Dad, Poor Dad’ Books Has Filed For Chapter 7 Bankruptcy. YouTube Robert Kiyosaki, author of the bestselling “Rich Dad, Poor Dad” series, has filed for Chapter 7 bankruptcy protection after losing a nearly $24 million court judgment to The Learning Annex, The New York Post reports.

What does Robert respond when people ask where do I get started or tell me how do you get rich quick?

When people ask, “Where do I get started?” or, “Tell me how to get rich quick.” The only answer is, if you want to be rich, you need to be financially literate. Now, accounting is possibly the most boring subject in the world.

Where does Kiyosaki invest his money?

Kiyosaki says he hedges against the dollar using gold and silver, and remains liquid by buying gold and silver ETFs. “Every time gold and silver drop, I buy the ETFs,” he says.

Does Kiyosaki have real estate?

Kiyosaki, a Marine Corps and Vietnam Veteran, bought his first real estate property in 1973 when he was stationed in Hawaii. Now, he owns more than 7,000 properties — from residential and commercial to hotels — and they all bring cashflow.

Why the rich keep getting richer PDF?

In this book, the author reveals to us the secrets of truly wealthy people, which is nothing more than using debt, crisis and taxes to legally enrich. From this, the work presents the way to achieve wealth effectively, moving from the Employee quadrant to the Investor quadrant.

Does Kiyosaki endorse Amway?

Kiyosaki also sold tapes at $6 to tens of thousands of distributors. It is fair to say that Kiyosaki’s owes the MLM industry a great deal by embracing his products. In addition to the above, Kiyosaki joined Amway under Bill Gavin , but it appears he was a failure at it.

Are Robert and Kim Kiyosaki still married?

Personal life. Kiyosaki was married to Kim Kiyosaki. Since 1994, the Kiyosakis have lived in Phoenix, Arizona. Robert and Kim were separated in 2017.

Why should the wealthy be taxed more?

“Higher taxes on the rich to finance spending, or to transfer money to lower-income people, may be good for society’s welfare,” he wrote. Economists typically value money received by a poor person more highly than money going to a rich person, so overall social welfare is enhanced by such transfers.