Wt_know Supersonic October 11, 2012 Share October 11, 2012 (edited) local richies also like to open company sometime one person owns a few companies everything from expensive car to biz class airline ticket all charge to company and company make little money only >>> tax is near zero or negligible anything wrong ... close company ... limited liability including the luxury company registered car Edited October 11, 2012 by Wt_know ↡ Advertisement Link to post Share on other sites More sharing options...
Celicar Turbocharged October 11, 2012 Share October 11, 2012 This can be another chapter in his next book, on how to protect wealth. Link to post Share on other sites More sharing options...
PorkChong Clutched October 11, 2012 Share October 11, 2012 poor dad,rich dad.both bankrupt. Link to post Share on other sites More sharing options...
Wyfitms Twincharged October 11, 2012 Share October 11, 2012 In fact quite smart to declare bankrupt so he don't have to pay much if anything at all should add this to his new book. Will be a good piece of advice to businessman Link to post Share on other sites More sharing options...
Ixus 1st Gear October 11, 2012 Share October 11, 2012 should add this to his new book. Will be a good piece of advice to businessman I think this is already covered in his third book "Rich Dad's Guide to Investing", if I remember correctly Link to post Share on other sites More sharing options...
Sunny Hypersonic October 11, 2012 Share October 11, 2012 One of his limited liability companies is bankrupt lah, not himself lah. The article already said he will not be putting his own personal wealth towards the judgement lah. That's what limited liability companies are for lah. huh? how come you got 2 yellow cards? Link to post Share on other sites More sharing options...
1fast1 Supersonic October 11, 2012 Share October 11, 2012 Robert Kiyosaki is a fraud and snake oil salesman. You can read all about it here: http://www.johntreed.com/Kiyosaki.html There is only one person I think can genuinely teach us about investing. That's Warren Buffett. Link to post Share on other sites More sharing options...
Gitanic 6th Gear October 11, 2012 Share October 11, 2012 (edited) huh? how come you got 2 yellow cards? it an elitist decoration aka LTC in mcf Edited October 11, 2012 by Gitanic Link to post Share on other sites More sharing options...
Mllcg 3rd Gear October 11, 2012 Share October 11, 2012 quite a good book. lol Link to post Share on other sites More sharing options...
Sunny Hypersonic October 11, 2012 Share October 11, 2012 poor dad,rich dad.both bankrupt. sekali new book Poor Dad, Poorer Lad Link to post Share on other sites More sharing options...
Donut Supercharged October 11, 2012 Share October 11, 2012 Robert Kiyosaki is a fraud and snake oil salesman. You can read all about it here: http://www.johntreed.com/Kiyosaki.html There is only one person I think can genuinely teach us about investing. That's Warren Buffett. Warren Buffett is the MAN when comes to investing and living prudently. Link to post Share on other sites More sharing options...
Mockngbrd Supersonic October 11, 2012 Share October 11, 2012 he rich becos u all buy his book ... not bcos he biznass guru Link to post Share on other sites More sharing options...
Ben5266 Supercharged October 11, 2012 Share October 11, 2012 Go google "legal person". A limited liability corporation is viewed as a legal person under the law. Coporate bankruptcy only means that the assets of the legal person is forfeited. i don't think this fella is so stupid to put all of his personal assets under the holdings of his companies. Bankrupt dad? maybe not. He is showing how to make money from others. Yes, most likely, he has took the money out of the company ==> passive income for him till mati. Link to post Share on other sites More sharing options...
Ben5266 Supercharged October 11, 2012 Share October 11, 2012 His book's contents all came from his brain. not based in reality. Nothing surprising. I find it more amusing that many people quote him as an inspiration ... Those in MLM worship him like prophet. Link to post Share on other sites More sharing options...
Mockngbrd Supersonic October 11, 2012 Share October 11, 2012 Those in MLM worship him like prophet. dun worship how to get non-mlm ppl to becom suckers Link to post Share on other sites More sharing options...
Meanmachine Supercharged October 11, 2012 Share October 11, 2012 Never judge a person by what he is as of today, judge him by his conduct and integrity. When his coy was being sued for bankR, that does not equate to his lack of poor judgement or financial losses, many successfully entrepreneurs has had been there and done that, thru the inner circle, he will shine thru. Rich Dad Poor dad taught us many invaluable richness, it is those who are damn ' Rich & shameless " that do not give to charity and yet live life like a pauper does the opposite. Robert Kiyo is / was one of the inspirational speaker who has yet to abandon his wisdom and perhaps go on to be even more financially sounds. Link to post Share on other sites More sharing options...
Throttle2 Supersonic October 11, 2012 Share October 11, 2012 His book's contents all came from his brain. not based in reality. Nothing surprising. I find it more amusing that many people quote him as an inspiration ... ssshhh, plenty of these people here...... Link to post Share on other sites More sharing options...
Meanmachine Supercharged October 11, 2012 Share October 11, 2012 Robert Kiyosaki is a fraud and snake oil salesman. You can read all about it here: http://www.johntreed.com/Kiyosaki.html There is only one person I think can genuinely teach us about investing. That's Warren Buffett. To a certain extent, WB is weird traditionist who does not even have mobile phone and computer in his office, he reads all the time, even his wife divorced him and sent her best gal fren to take care of WB while his wife passed on later on. WB kinda mentally prepared to accept the challenges ahead, Tell me where on earth do U have such a mega-rich man yet your wife left him for good. NO communication in the house, eat sleep and spent time in his syudy room cooked up on absorbing in literature ? As compared to RK mindset, I like to pick his brain and laugh my heart out, dun get me wrong, both are intellectuals and have makes millions / billions of $$$$, but they are world apart in terms of investment on financial aspects. RK does more on leveraging & MLM, buying portfolios after biz empires, WB is more a hermit carp who shared abundance yet hard to comprehend. If you know what I mean . . . ↡ Advertisement Link to post Share on other sites More sharing options...
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