The Dangerous Advice of Robert Kiyosaki (Rich Dad, Poor Dad)

https://twitter.com/SheTalksFinance/status/1691088877107171329

by nunodonato • 3 years ago

4 6 3 years ago

Pull the Fed's COVID stimulus out of the market and the market - perhaps the entire ecomomy - wouldn't be anywhere where it is now. I'm not necessarily sticking up for Kiyosaki - I haven't read his book - but what the Fed did was unprecedented, if not incomprehensible. We're still sorting out the effects.

The point is, perhaps Kiyosaki is right (enough) and has been right (enough) but the Fed keeps kicking the can, moving the target, etc. You can only prop up a dead body for so long before the decay and smell set in.

wmf2• 3 years ago

You have to factor the government into your predictions. If the Fed will never allow a massive crash then don't predict one.

chiefalchemist3• 3 years ago

First, technically The Fed is not the government.

Second, you're critical of the predictions, and the reckless Fed gets a free pass on devaluing your dollars (i.e., inflation)?

It might be time to zoom out and revisit priorities.

dekhn• 3 years ago

I read one of his books years ago and had to put it down when he said if you run a company and it runs out of money, "pay yourself first" (before your employees). Yuck. No.

The Dangerous Advice of Robert Kiyosaki (Rich Dad, Poor Dad)

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