4/19/2024 0 Comments 4 cashflow quadrantWTAE-TV, the ABC television station in Pittsburgh, Pennsylvania, produced another critical segment about him in 2013. Īlso in 2010, Allan Roth of CBS News documented what occurred when he attended one of Rich Dad's free seminars and dissected some of the tactics employed. Their Marketplace exposé on his seminars in Canada showed what occurred in $450 seminars through a hidden camera, including Kiyosaki's response to them. Investments in trailers and trailer parks, which were being propagated as "successful" by seminar teachers, were found to actually be barren pieces of land that no one was using. Upon tracking the success claims of "Rich Dad" seminar organizers, they discovered that these claims were not true. In 2010, the Canadian Broadcasting Corporation did an exposé on scams that were being perpetuated by Kiyosaki's company in Canada in the guise of seminars. In 20, Kiyosaki's Rich Dad seminars continued to promote real estate as a sound investment, just before their prices came crashing down. Kiyosaki's advice has been criticized for emphasizing anecdotes and containing nothing in the way of concrete advice on how readers should proceed or work. Kiyosaki had previously co-authored two books with Trump. Kiyosaki endorsed and supported Republican candidate Donald Trump for the 2016 presidential elections. He also claims that wealth cannot be achieved from going to school and obtaining a traditional job. Kiyosaki's financial and business teachings claims that financial independence can be achieved through passive income. In an interview with CBC, Kiyosaki described his books as an advertisement for his higher-priced seminars. Kiyosaki has authored more than 26 books including Rich Dad Poor Dad, which has been translated into 51 languages and sold over 41 million copies worldwide. In 2012, Kiyosaki's company "Rich Global LLC" filed for bankruptcy and was ordered to pay nearly $24 million to The Learning Annex and its founder. The company's main revenues come from franchisees of the Rich Dad seminars that are conducted by independent individuals using Kiyosaki's brand name. This includes Rich Dad LLC, Whitney Information Network, Rich Dad Education and Rich Dad Academy. Kiyosaki operates through a number of companies that he owns fully or in part, and through franchisee arrangements with other companies authorized to use his name for a fee. Kiyosaki's earlier two businesses (for surfing bags with Velcro fasteners and T-shirts) went bankrupt. Kiyosaki created the Cashflow board and software games to educate adults and children about business and financial concepts. In 1997, Kiyosaki launched Cashflow Technologies, Inc., a holding company that owns and operates the Rich Dad and Cashflow brands. In his book, he encouraged parents not to send their children to college and instead to enter the real estate business. In 1993, Kiyosaki published his first book, If You Want to Be Rich and Happy, Don't Go To School. The company eventually went bankrupt and he took a job as a sales associate for Xerox until June 1978. In 1977, Kiyosaki started a company called "Rippers" that marketed nylon and Velcro wallets. Kiyosaki was born in 1947 in Hilo, in the American Territory of Hawaii, into a family of Japanese descent. In January 2024, Kiyosaki revealed that he was more than $1 billion dollars in debt. Since 2010, Kiyosaki was the subject of a class action suit filed by people who attended his seminars, and the subject of investigative documentaries by the CBC, WTAE-TV and CBS News. He is the founder of the Rich Dad Company, a private financial education company that provides personal finance and business education to people through books and videos, and Rich Global LLC, which filed for bankruptcy in 2012. Urn:oclc:155985126 Republisher_date 20171204090919 Republisher_operator Republisher_time 702 Scandate 20171202194344 Scanner Scanningcenter hongkong Tts_version v1.Robert Toru Kiyosaki (born April 8, 1947) is a Japanese-American businessman and author, known for the Rich Dad Poor Dad series of personal finance books. Access-restricted-item true Addeddate 13:15:25 Bookplateleaf 0002 Boxid IA1160702 Boxid_2 CH132718 City Paradise Valley, Arizona Donor
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