“This is The Greatest Life Hack!” - Someone Who Didn’t Use It

By Renzo Guevara
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Do it they said, it’ll be good they said.

When someone writes about how to get rich and stay rich, and makes YouTube videos about how to get rich, and founded a company called Rich Global LLC and Rich Dad Company, you’re probably safe in assuming that the person is, in fact, rich and good with money right?

Right?

Robert Kiyosaki. You’ve probably heard of the name. The man is fairly infamous in the finance world. He’s also the guy who’s in all these clickbait videos on YouTube claiming to present life hacks for would-be entrepreneurs.
The general gist of said videos is to basically tell you that everything you are doing is wrong and that you should buy his books to find out why. No seriously, it’s a predictable sequence of calling the system fake, you’re making fake money, poor people suck, buy my book to get rich.

Fake.

I’m not going to sit here and pretend I’m an expert on money. I really am not. With that being said, his “advice” videos should be right up my alley. Maybe I do need to listen to someone who claims to know their way around the finance world?
Kiyosaki made a living out of telling people his story of getting rich and promises that you can do it too as long as you pay him to tell you.
Just as I was about to reach peak interest, it didn’t take long to find out that this personal finance help writer just filed for bankruptcy for his own company.

Oopsies.

This will probably go down as one of the most ironic financial stories to date. Robert’s claim to fame was his best-selling book ‘Rich Dad, Poor Dad’ which explores the idea that you don’t need a high salary to be rich and that you should make your money “work for you.”

Whatever that means.

The #1 personal finance book of all time is written by a person who founded a company that filed for bankruptcy. You can’t make this sh*t up even if you wanted to.
It gets better actually. It was found out that whatever wealth he claimed he was able to get, never had any documentation prior to publishing his book in 1997. Something tells me that the #1 personal finance book of all time should be displayed in the fiction section of the bookstore.

Walk the what and talk the huh?

Robert Kiyosaki just sounds like an overly narcissistic individual who looks down on the poor. Your typical scummy rich person I guess.
To his credit though, even though a lot of people don’t exactly like him, his book and *some* of the things he says have a few points I can agree with. Spending responsibility, being aware of where your money is heading, how the educational system doesn’t necessarily support financial knowledge are all great.

But it doesn’t go beyond that.

That’s advice I can get anywhere. I don’t want to spend a couple of bucks just to read about the same thing my mom used to tell me when she would give me school allowance. People need real, practical, and step-by-step advice from someone who’s ideally not a hypocrite. I'm aware of where my money is heading, and it sure as hell ain’t going to be towards his wallet.
To his credit though, even though a lot of people don’t exactly like him, his book and *some* of the things he says have a few points I can agree with. Spending responsibility, being aware of where your money is heading, how the educational system doesn’t necessarily support financial knowledge are all great.

Make sure you’re heard.