Rich Dad Files Bankruptcy

Unless you have been under a rock for the last 10 years you probably know who the “Rich Dad” is… Robert Kiyosaki who authored those books is not actually the “Rich Dad” – he was the kid who was taught many “money lessons” by the rich dad figure. Now it seems that Kiyosaki is filing bankruptcy.

One of his companies is being sued by the Learning Annex. There were obviously some past collaborations that went bad and now they are suing Kiyosaki for millions. So he is filing bankruptcy. And People are ripping him apart for it in the media.

I don’t know if there ever was a rich dad. I don’t know if kiyosaki is a good guy or not. I don’t even know if he made a red cent before his make money books came out… what I do know is that he is one of the single biggest factors in the real estate investment boom that happened. He is also one of the biggest catalysts for entrepreneurship in general! So, whether real or fake – his effect is very positive :)

But here is the crux of the issue. The rich dad books are just a starting point. They need to be the beginning of the learning experience for you – in a similar way that the 4HWW book should just be the jumping off point. You have to dig the specifics out yourself. That is where it gets real.

My advice is to take these things for what they can be – great parables that help you with your life. If you ever wanted to be an entrepreneur then the Rich Dad books are a decent read to give you some motivation and a start.

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