The publishers would not publish my book. Robert Kiyosaki is the author of Rich Dad Poor Dad, the number one personal finance book of all time. The views expressed in this post are the author's own. Knowledge is your power. A government pension is a fake asset because it is taking money out of your pocket... for years. Liabilities take money from your pocket. Since he wrote the previous book, his concern was always how rich are getting richer and poor are getting poorer. Today, we are all aware that a home can be a liability. After that our money was toxic. It has left many people feeling that it provides questionable results. 19 AJ | June 11, 2019 at 5:15 am MST. Robert came here to talk about his brand new book, FAKE, in which he writes about fake money, fake teachers and fake assets. Robert Kiyosaki is the author of Rich Dad Poor Dad, the number one personal finance book of all time. Reading Fake has tainted my view of Rich Dad Poor Dad a little. And determine what's real… from what isn't? “A liability takes money out of your pocket,” rich dad continued. Mutual funds are loaded with fees, fees that make the rich richer. 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. One link lead to another, and of course, I found out that Mr. Kiyosaki, the author of Rich Dad, Poor Dad, is a fraud. Thanks, Reply. Want to post on Patch? I've read several of the Rich Dad books, including the original Rich Dad, Poor Dad. That was the start of a massive financial rip-off by “too big to fail” banks, the U.S. government, and Wall Street. In 1997, Robert’s book Rich Dad, Poor Dad stunned listeners, stating, "Your house is not an asset." There was a problem with this. Unlike Monopoly, however, there were two tracks: one inside and one outside. He made it by creating a fictionalized account of his own life, and selling a fake "success story" to … Best known as the author of Rich Dad Poor Dad―the #1 personal finance book of all time―Robert Kiyosaki has challenged and changed the way tens of millions of people around the world think about money.He is an entrepreneur, educator, and investor who believes that each of us has the power to makes changes in our lives, take control of our financial future, and live the rich life we deserve. I've read several of the Rich Dad books, including the original Rich Dad, Poor Dad. They are all derivatives. 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. He delivers insights and answers to help millions of people determine what's 'real' and how to apply that to their financial lives. Apr 4, 2019 - [DOWNLOAD PDF] Fake: Fake Money, Fake Teachers, Fake Assets: How Lies Are Making the Poor and Middle Class Poorer by Robert T. Kiyosaki Free Epub/MOBI/EBooks Robert T. Kiyosaki has 169 books on Goodreads with 1028630 ratings. 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. And it’s a growing one. I don’t remember whether it mattered whether he had a Rich Dad or not. And many recessions that have wiped out the wealth of millions proves so. "I'm very concerned about this growing gap between the rich, the poor and everybody else, said author Robert Kiyosaki. A house that is a primary residence is a fake asset because it is taking money out of your pocket in the form of a mortgage for 30 or more years. Every day we are bombarded with news reports and information and opinions…. Full bio. 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. Some of them are repetitive and that's a theme you'll see in reviews of pretty much all of them. If we go back to what the school teaches about money most people they say they were taught to balance a check book. Kiyosaki attended High School and graduated in 1965. As I mentioned at the beginning of this post, the rich have gotten massively richer while the poor and the middle class have suffered over the last nearly four decades. In FAKE: Fake Money, Fake Teachers, Fake Assets, Robert delivers insights and answers that help ordinary people―who probably haven't had a lot of financial education―determine what's 'real' and relevant to their financial lives. Rich Dad Poor Dad by Robert Kiyosaki and found at richdadcoaching.com, is a business coaching & mentoring program. Choose to Be Rich—Click Here. The gap between the rich, poor and everybody else is dangerous. 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. 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. If you want to get off the hamster wheel of giving your money away to the rich through fake assets, you must first start with financial education. After graduating he went to the navy in combination with education. Rather they know the rules of the game now that money is debt. 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. 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. Now Rich Dad, Poor Dad has sold millions of copies to date. That is why Lesson No. “The world is about to change” The object of the game was to get out of the inside track-what Robert called the “Rat Race” and reach the outer track, or the “Fast Track.” can be found on Amazon and most brick and mortar book stores. Today the US Government prints more money faster than you could ever save it and then they reduce the interest on your savings. Remember: Assets put money in your pocket. They keep you from becoming rich. It's actually kind of necessary. That show and the book went worldwide in an instant. Unfortunately, I did. The simple definition of a fake asset is one that promises to make you richer but in actuality robs you blind. It's actually kind of necessary. On May 28, 2018, I was walking past a newsstand, scanning rows I’m essentially saying the same message,” he said. To me Rich Dad, Poor Dad was high school, and FAKE is college. 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!" That's fair. 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. 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. 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) My rich dad didn’t buy into this advice because he knew something had changed. 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. Kiyosaki shares his messages about financial education via his Rich Dad brand platform in books and myriad outlets including videos, radio, apps, and … 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. Today we are going to be reviewing a book about business, entrepreneurship, assets and passive income. In today's uncertain times, creating a secure financial future and the peace of mind that comes with it starts with taking action and taking control. A 401(k) is a fake asset because cash keeps flowing out of your pocket... for years. Kiyosaki didn't make his money on real estate or convenience stores. Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! Robert Kiyosaki (Rich Dad Poor Dad) offers personal finance education to help you learn about cash flow, real estate, investing, and business building Every day we are bombarded with news reports and information and opinions. When I was young, the conventional financial advice given by people like my poor dad was, “Go to a good school, get a good job, save money, buy a house, and invest in a balanced portfolio of stocks, bonds, and mutual funds.” Most likely this is the type of advice you were given as well. In his book The Cashflow Quadrant, he refers to four groups of people: the employed, the self-employed, investors and business owners. If that sounds like a Ponzi scheme to you, you’re on to something. In that book, I shared my rich dad’s simple formula for assets versus liabilities. It became debt. 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. How do we determine what's real from what isn't? When I read Rich Dad Poor Dad in the 1990s it broadened my horizons tremendously. How do we differentiate between truth and lies? 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. Register for a user account. I wrote the book Fake because we have fake money today. Rich Dad Poor Dad Robert T. Kiyosaki looked like a colorful Monopoly board with a giant well-dressed rat in the middle. In Fake, there is some repetition from previous books but it's not obnoxious. How do we decipher fact from fiction? “You don’t know what you’re talking about,” they said. As howls of protest went up around the world, the book went on to become an international best seller. They are the ideas the rich have built into society to keep you poor and them rich. Now Rich Dad, Poor Dad has sold millions of copies to date. Get ahead with his pull-no-punches style of challenging the advice we’ve all been given on money, investing, and the economy. They do so through fees, and they prop up growth by selling more products. He’s on a mission to change the way we look at money and has become a passionate and outspoken advocate … Rich Dad Poor Dad was a book in which he explained how a person can achieve financial freedom and live a successful life. This post was contributed by a community member. Paperback $15.99 $ 15. ", "Secondly, we have fake teachers; they don't teach us anything about money. Kiyosaki has written a new book ‘Fake Money, Fake Teachers, Fake Assets‘. A mutual fund is a fake asset. The Rich Dad Scams we’ve identified are, very simply, the things you are taught about money that are wrong. Robert believes that a strong foundation―for anything we want to build―needs to start with solid, true information. 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! 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. It's an international tragedy right now. Robert Kiyosaki chose to attend the United States Merchant Marine Academy in New York. In that book, I shared my rich dad’s simple formula for assets versus liabilities. Suddenly non-investors, men and women without any financial education, were expected to become investors. 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. An Individual Retirement Account, or IRA, is a fake asset because takes money out of your pocket... for years. Would you like to know the real life identity of Robert Kiyosaki's Rich Dad? In 2000, Oprah called and I appeared on her show. 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. And you poorer. I'm concerned about my fellow human beings especially this gap between rich and everybody else.". You also have to pay for all the repairs and taxes, out of pocket. Their financial knowledge and intelligence allow them to invest in real assets that put money in their pockets each month and make them richer. The rich do not invest in fake assets and they do not work for money. After realizing what the government was up to, rich dad came up with his lesson #1, which is: “The rich do not work for money.” Rich dad realized money was toxic, designed to steal the wealth of anyone who worked for money, saved money, or invested money in government sponsored investments such as 401(k)s, IRAs, stocks, mutual funds, and ETFs. The views expressed here are the author's own. Want More Financial Security? How to reinvest gains without paying taxes. 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. This chart shows that over the last nearly four decades, the rich have gotten massively richer while the poor and the middle class have gotten much poorer. 1 in “Rich Dad, Poor Dad” is: “The rich do not work for money.” Why it makes sense to save gold and silver, not fake money. 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. We self-published Rich Dad Poor Dad in April 1997. 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." Education, were expected to become investors they say they were taught to balance a check book flowing of! 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