"Rich" dad, poor dad actually

[Anonymous No.57260151]

Based take, but the banks will take him to the cleaners in the coming depression

[Anonymous No.57260162]

>>57260151
>if I go bust, the bank goes bust. Not my problem
How can one man be so based?

[Anonymous No.57260171]

1M debt youre poor
1B debt you rich
simple as

[Anonymous No.57260182]

>>57260151

He's hitting levels of based that shouldn't be possible!

[Anonymous No.57260216]

isnt this exactly the core of boomer mentality?

[Anonymous No.57260232]

>>57260151
Pretty sure he's been doing this his whole life

[Anonymous No.57260236]

>>57260151
>not my problem
that's actually real my sides

[Anonymous No.57260238]

>bank goes bust
>bank just sells debt to 20 other banks
>retarded dad now owes billions to 20 banks which proceed to seize all company assets

Great job.

[Anonymous No.57260246]

>>57260151
>not my problem
BASED AS FUCK

[Anonymous No.57260316]

Too Big To Fail Dad

[Anonymous No.57260417]

>>57260151
Sort of follows his philosophy he laid out in the book.

[Anonymous No.57260447]

>>57260216
Think Dave Ramsey's philosophy is more stereotypical boomer i.e. debt is bad.

[Anonymous No.57260497]

>>57260171
this
you think they just lent him that much money for no reason?

[Anonymous No.57260503]

>>57260151
This guy is one of the worst guys to take your financial advice from. But he normally talks positively about BTC. That's about one of the only things I agree with him on. But then again I'm just some poor 29 year old anon living at my parent's wtf do I know?

[Anonymous No.57260523]

If the debt is collateralized with real estate then it really shouldn't be a problem for the banks. If Kiyosaki goes bust they can just sell the properties or rent them.

But he isn't going to go bust unless everything else completely falls apart.

[Anonymous No.57260546]

Kek

[Anonymous No.57260552]

>>57260523
If he's in commercial real-estate like I've been told, he can totally lose his shit harder than pretty much anyone. Banks just go but, bail-in, bail-out and sell their assets to banks with liquidity. He is ruined, banks continue the game for another century.

[Anonymous No.57260840]

>>57260238
>heh actually companies are eager to issue debt from a collapsing bank
I'm sure they'll be happy to issue new debt to Kiyosaki too then in your fantasy scenario where everyone is retarded

[Anonymous No.57260860]

>>57260552
>banks just go bust
Last few times banks went bust all the higher ups and all the equity holders got fucked in the ass. Yeah they'll try to not go bust

[Anonymous No.57260969]

>>57260151
something tells me he didnt think this through

[Anonymous No.57260993]

>>57260151
Rich Jap Poor Gaijin

[Anonymous No.57260997]

>>57260151
What assets does the have to offset those liabilities? Looking at one side of the balance sheet doesn't tell you much.

[Anonymous No.57261053]

i debtmaxxxed all my cards $250k in debt and only 3 months later and banks are offering me to pay just $190k lmao
i'll wait until they offer me to pay $5k if much
they can't take anything from me
GET FUCKED

[Anonymous No.57261306]

>>57260447
Debt makes you vulnerable. In a time of increasingly extreme uncertainty and rising tyranny, it's generally not a safe thing to have.

[Anonymous No.57261473]

ahh jeez dood

[Anonymous No.57261692]

>>57261053
How did you get extended that much credit?

[Anonymous No.57262866]

>>57261692
3 years of being a good goy using my credit cards and depositing "fake" money (wash trading) my own bank account.
>This goy just keeps depositing money on his account, let's raise his credit
>he pays and uses often his credit cards

[Anonymous No.57262954]

>>57262866
This anon fucks. I have no idea how people do this but it works. Some richfag I know got divorce raped and owed millions to ex-wife, bank, etc. On paper he was totally broke and all the banks ate all the debt, judge eliminated alimony. Somehow managed to move a bunch of money offshore before it all went down 3-5 years before divorce so nobody picked it up. After dust had settled, he was annoying wife free, debt free and living in a mansion on the Baltic sea in Lithuania without a care in the world.

[Anonymous No.57263007]

Based and debtmaxxed

[Anonymous No.57263251]

>>57260503
You know not to fall for the rental dead money scheme

[Anonymous No.57263396]

>>57260151
>If I go down, bank goes down
>Not my problem

This guy has been wrong more times than he's been right. That's how he ended up in so much debt. He thinks the survival of the bank depends on his debt. He's gonna be wrong again and get raped, yet again. This guy and his books are a limus test on financial knowledge.

[Anonymous No.57263434]

>>57261306
only if you have collateral.

[Anonymous No.57263439]

>>57261473
kek

[Anonymous No.57263531]

>>57260151
>if I go bust, the bank goes bust. Not my problem
shockingly based

[Anonymous No.57264613]

>>57262866
Well done.

[Anonymous No.57264633]

>>57260151
slum lord nigger

[Anonymous No.57264722]

>>57260171
A billion is nothing these days if you own specific real estate property. The shitty, fake luxury Keating Ferrari Hotel in San Diego is billions in debt

[Anonymous No.57266951]

How many kneepads does he own?

[Anonymous No.57267344]

>>57262954
Still childless