'Rich Dad, Poor Dad's' Robert Kiyosaki Says He's $1.2 Billion In Debt Because 'If I Go Bust, The Bank Goes Bust. Not My Problem'

flyingsheep@lemmyhub.com to News@lemmy.world – 261 points –
'Rich Dad, Poor Dad's' Robert Kiyosaki Says He's $1.2 Billion In Debt Because 'If I Go Bust, The Bank Goes Bust. Not My Problem'
finance.yahoo.com
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I would call it realistic instead of negative.

Yeah, you can get rich through ETFs but it's incredibly unlikely.

It's incredibly likely that continously saving and investing for 30 years creates a decent retirement account.

Yes and highly recommended if you have the money to do so, but it's not going to make you rich, and it's certainly not going to pull you out of poverty.

That's great but it's also not really what most people would think of when someone is rich