They are products that banks, the U.S. government, and Wall Street want to sell to become rich. Robert Kiyosaki, famed author of the New York Times bestseller "Rich Dad, Poor Dad," does not consider gold an "investment," but rather, the only form of currency he considers "real." Kiyosaki shares his messages about financial education via his Rich Dad brand platform in books and myriad outlets including videos, radio, apps, and … Robert believes that a strong foundation―for anything we want to build―needs to start with solid, true information. It has left many people feeling that it provides questionable results. How do we differentiate between truth and lies? That show and the book went worldwide in an instant. To me Rich Dad, Poor Dad was high school, and FAKE is college. It's an international tragedy right now. Beat conventional advice on personal finance, investing, and business with the author of Rich Dad Poor Dad, Robert Kiyosaki. I'm concerned about my fellow human beings especially this gap between rich and everybody else.". Kiyosaki believes that it starts with education, financial education designed to make us smarter with our money―and able to fight what's fake and use what isn't to secure our financial future. And it’s a growing one. Today the US Government prints more money faster than you could ever save it and then they reduce the interest on your savings. Robert T. Kiyosaki has 169 books on Goodreads with 1028630 ratings. Kiyosaki believes that it starts with financial education designed to make us smarter with our money―and able to fight what's fake and use what isn't to secure our financial future. 19 AJ | June 11, 2019 at 5:15 am MST. That's fair. He graduated with the class of 1969 as a deck officer, and a commission as a 2nd LT in the U.S. Marine Corps. Banks and Wall Street are fake. Rich Dad Poor Dad was a book in which he explained how a person can achieve financial freedom and live a successful life. Suddenly non-investors, men and women without any financial education, were expected to become investors. Roberts book FAKE: Fake Money, Fake Teachers, Fake Assets and his other books including Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! He made it by creating a fictionalized account of his own life, and selling a fake "success story" to … FAKE: Fake Money, Fake Teachers, Fake Assets: How Lies Are Making the Poor and Middle Class Poorer, 3 Simple Steps to Create a Personal Financial Plan, You’re Not Really Rich If You’re Not Giving Back, On the Path to Success, it’s Normal to Fail. Robert Kiyosaki (Rich Dad Poor Dad) offers personal finance education to help you learn about cash flow, real estate, investing, and business building “An asset puts money in your pocket,” said rich dad. Quickly learn exactly how to think like the rich and then do what the rich do to achieve financial independence. When I read Rich Dad Poor Dad in the 1990s it broadened my horizons tremendously. That is why Lesson No. Rich Dad Poor Dad is Robert's story of growing up with two dads — his real father and the father of his best friend, his rich dad — and the ways in which both men shaped his thoughts about money and investing. How to reinvest gains without paying taxes. That is why a financial education the stuff that is not taught in school is essential for people who don't want to get sucked into this web of fake money, fake teachers and fake assets. The institution of the 401K gave birth to an entire industry of so-called financial planners who are really professional salespeople trained to sell paper assets like stocks, bonds, and mutual funds for commission. One link lead to another, and of course, I found out that Mr. Kiyosaki, the author of Rich Dad, Poor Dad, is a fraud. Would you like to know the real life identity of Robert Kiyosaki's Rich Dad? A 401(k) is a fake asset because cash keeps flowing out of your pocket... for years. In 1997, I shared my rich dad’s advice with the world in my book, “Rich Dad Poor Dad.” In that book I shared truths like the following: The so-called financial experts howled. Kiyosaki attended High School and graduated in 1965. Four years later, 401(k), another financially engineered retirement program, got its beginnings. Robert came here to talk about his brand new book, FAKE, in which he writes about fake money, fake teachers and fake assets. We self-published Rich Dad Poor Dad in April 1997. I've read several of the Rich Dad books, including the original Rich Dad, Poor Dad. How do we decipher fact from fiction? On May 28, 2018, I was walking past a newsstand, scanning rows It became debt. Also, unfortunately, even though “Rich Dad Poor Dad” is the best-selling personal finance book of all time with over 32 million copies sold, millions upon millions more have never read the book and are suffering financially today. I’m essentially saying the same message,” he said. Unfortunately, I did. A mutual fund is a fake asset. Today we are going to be reviewing a book about business, entrepreneurship, assets and passive income. Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! They are the ideas the rich have built into society to keep you poor and them rich. They are all derivatives. In Fake, there is some repetition from previous books but it's not obnoxious. Choose to Be Rich—Click Here. Reading Fake has tainted my view of Rich Dad Poor Dad a little. In my new book, “FAKE: Fake Money, Fake Teachers, Fake Assets: How Lies Are Making the Poor and Middle Class Poorer,” I go into much greater detail on this. Paperback $15.99 $ 15. That is the problem with fake assets. In 2000, Oprah called and I appeared on her show. In 1997, Robert’s book Rich Dad, Poor Dad stunned listeners, stating, "Your house is not an asset." This is a common diagram for MLMs to refer to, since they are building a business and it’s easy to show that on the Cashflow Quadrant. Also, unfortunately, even though “Rich Dad Poor Dad” is the best-selling personal finance book of all time with over 32 million copies sold, millions upon millions more have never read the book and are suffering financially today. Get ahead with his pull-no-punches style of challenging the advice we’ve all been given on money, investing, and the economy. That's fair. If we go back to what the school teaches about money most people they say they were taught to balance a check book. After that our money was toxic. The views expressed here are the author's own. Robert Kiyosaki is the author of Rich Dad Poor Dad, the number one personal finance book of all time. Rich Dad Poor Dad by Robert Kiyosaki and found at richdadcoaching.com, is a business coaching & mentoring program. Some of them are repetitive and that's a theme you'll see in reviews of pretty much all of them. Want More Financial Security? “A liability takes money out of your pocket,” rich dad continued. An Individual Retirement Account, or IRA, is a fake asset because takes money out of your pocket... for years. My rich dad didn’t buy into this advice because he knew something had changed. The simple definition of a fake asset is one that promises to make you richer but in actuality robs you blind. If you’re intrigued, I encourage you to read it and learn more. Nowhere Else To Go: Grandmother, Millions Of Others Face Eviction, FAKE: Fake Money, Fake Teachers, Fake Assets, 300,000 Dead: Remembering Michiganders We Lost To Coronavirus, Oakland County Deputy Accused Of Slapping Handcuffed Suspect, Farmington-Farmington Hills Weekend Weather Forecast, 11 Good News Stories: Santa Secrets, $1,600 Worth Of Kindness. If that sounds like a Ponzi scheme to you, you’re on to something. "I'm very concerned about this growing gap between the rich, the poor and everybody else, said author Robert Kiyosaki. You also have to pay for all the repairs and taxes, out of pocket. The #1 lesson in “Rich Dad Poor Dad” is, “The rich do not work for money.” Today, I modified that to, “The rich do not work for fake money,” in my new book “Fake: How Lies are Making the Poor and the Middle-Class Poorer.” In this episode, I walk you through a brief history lesson so you don’t fall into the trap of FAKE MONEY. ", "The way to be secure for the financial future is to find out information and education not taught in our school system. People that criticize it usually point out how it doesn't really tell you how to go about achieving these things. The Fake Rich Dad ki Kitabo Se Impress Hai Iske Author bhi Robert Kiyosaki hi hai jihone Fake chijo ke baare me explane kiya hai jo ki hame sahi jankari na hone par financial weak karte hai issi ko Robert Kiyosaki Yani ki iss book ke author ne bakhubi bataya hai. “You don’t know what you’re talking about,” they said. Liabilities take money from your pocket. I've read several of the Rich Dad books, including the original Rich Dad, Poor Dad. Thanks, Reply. As it is, the price is so overblown that there really should be no question as to whether it should work or not. 1974, the year I left the Marine Corps, was also the year the Employee Retirement Income Security Act, which protected employees’ company pensions, went into effect. Prior to his 1997 publication of Rich Dad, Poor Dad, Robert Kiyosaki never had any documentation of the wealth he supposedly amassed (Forbes) There really wasn’t a rich dad, even though his book specifically claims there was one (Smart Money Magazine, February 2003) How do we determine what's real from what isn't? Full bio. Contending that the wealthy have learned to make money work for them, rather than toiling for the almighty dollar, Kiyosaki reveals the secrets to success — his way. It's actually kind of necessary. Their financial knowledge and intelligence allow them to invest in real assets that put money in their pockets each month and make them richer. Kiyosaki didn't make his money on real estate or convenience stores. Robert T. Kiyosaki’s most popular book is Rich Dad, Poor Dad. You must increase your financial intelligence to invest in real assets that provide cash flow and understand the following: By increasing your financial education and knowledge, you too will be able to invest like the rich and easily spot fake assets when you see then…and invest in real assets like a pro. FAKE DOCUMENTS/PEOPLE/PLANS Robert Kiyosaki, the famous Hawaiian author of Rich Dad Poor Dad, has written a book called FAKE.Magister Operis also has had the misfortune but also irreplaceable (not available in schools anywhere) education of experiencing YEARS of filtering bullshit documents/plans as well as fake people since its founder, William C. Kemper, went off on his own at … Then Wall Street tells us to buy fake assets; 401k, stocks, bonds, mutual funds and ETF's (exchanged traded funds) and we are going broke. The subtitle of Rich Dad, Poor Dad says it all: "What the Rich Teach Their Kids About Money — That the Poor and Middle Class Do Not!" The way in which the rich are getting so incredibly rich is by using fake assets to steal the wealth of the poor and the middle class. The #1 lesson in “Rich Dad Poor Dad” is, “The rich do not work for money.” Today, I modified that to, “The rich do not work for fake money,” in my new book “Fake: How Lies are Making the Poor and the Middle Class Poorer.” To understand the modification, you must take a brief history lesson. There was a problem with this. He’s on a mission to change the way we look at money and has become a passionate and outspoken advocate … In his book The Cashflow Quadrant, he refers to four groups of people: the employed, the self-employed, investors and business owners. Insiders know, mutual fund investors put up 100 percent of the money, take 100 percent of the risk, yet gain less than 20 percent of the profits. Knowledge is your power. This post was contributed by a community member. As howls of protest went up around the world, the book went on to become an international best seller. That was the start of a massive financial rip-off by “too big to fail” banks, the U.S. government, and Wall Street. And many recessions that have wiped out the wealth of millions proves so. Every day we are bombarded with news reports and information and opinions. Mutual funds are loaded with fees, fees that make the rich richer. The publishers would not publish my book. Yet, despite a massive industry of financial planners, rising stock markets, and millions of people investing in instruments like 401K’s and IRA’s, as we see, the rich are getting richer and the poor and the middle class are getting poorer. 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