Rich Dad, Poor Dad (Robert Kiyosaki)

[CityFarmer]

Just read this on the internet that this R Kiyosaki has file for bankruptcy.

http://www.dailymail.co.uk/news/article-...ement.html

Amazed? Not really. I am not really a fan of his but I know a lot of people are. this guy was riding on a high during the property boom in USA and has leverage a lot in his properties. So when the downturn hits, the leverage works in reverse. Timely reminder to those gung-ho property investors in Singapore...enjoy when the music is playing but watch out when the music stops. Lately he was also involved in some hairy seminars. sign of desperation??

I read the link, the bankruptcy arises due to dispute from other investment than properties. Too early to conclude its investment strategy IMO

He may be good in property investment, but poor in other investment or poor manager for its seminar venture. He lose control on them and hurt by backfire from partners.