So, ah, that’s not how that works.
If he “goes bust” and can’t make repayments the bank will take his cars and silver and gold.
This guy is a great author, and those four words “rich dad, poor dad” are masterfully crafted. The book basically says borrow money to buy houses not boats. It’s not revolutionary, it’s just packaged in a way which is appealing to… poor dads.
Despite the “get rich quicker” mentality,Kiyosaki’s books were revolutionary for me. They basically taught me that it’s impossible for the working class to get rich. You need to invest in either a business or real estate.
The missing part is that it’s practically impossible to invest in a business or real estate. You need vast amounts of capital or a loan with nearly zero interest. Oh and the ruling class has been sucking us dry for decades.
Still, his books are very valuable knowledge.
It depends on the type of investing you want to do. The working class can absolutely invest in ETFs at varying risk profiles and build a retirement. They can’t drop $100k on an online startup and hope it explodes. They can invest in starting their own business.
It’s really hard to go from thousandaire to billionaire, but you can absolutely hit millionaire.
The working class can absolutely invest in ETFs at varying risk profiles and build a retirement.
Small investments that won’t grow very large, and all while struggling.
They can invest in starting their own business.
Most fail. It’s usually a poor investment.
You are so pointlessly negative. What they said is true. Those are the most common avenues for middle class to move classes.
