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  • 3 Post By shri
  • 3 Post By Rob2020

Rich Dad, Poor Dad, Bankrupt Dad...

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  1. #1

    Join Date
    Dec 2002
    Location
    薄扶林
    Posts
    47,968

    Rich Dad, Poor Dad, Bankrupt Dad...

    Might be of interest to some, as I've seen his seminars being talked about every now and then on the forums or people selling tickets on the classifieds.



    A story came across the news this weekend about Robert Kiyosaki, the author of Rich Dad, Poor Dad, and how his company went bankrupt last month. Basically, the company didn’t pay the proper royalties on its seminars, and when they lost in court, they didn’t have enough money to pay at all.

    However, a corporation with money should be able to pay up for a minor royalty dispute (only $23 million compared to $400+ million in revenues). And when your name is attached to a company, and your business is built around creating wealth, the word bankruptcy associated with it usually isn’t a good thing.

    https://thecollegeinvestor.com/4726/...ys-bankruptcy/

  2. #2

    Join Date
    Nov 2008
    Posts
    4,574

    Ouch.

    Luckily, I can summarise everything he's ever said in one line, scratch that, three words

    > Pay yourself first

    TheBrit, shri and Kowloon Goon like this.