Rich Dad Poor Dad
Robert — “I don’t need a retirement plan because all of my assets produce income.”
Time Magazine Interviewer — “Are there some people who should play it safe, do the traditional route and just pick up a house, pay the mortgage?”
Robert — “That’s probably the most dangerous thing you can do.”
The middle class, which is disappearing, are the ones who are paying the taxes.
Robert Kiyosaki’s Poor Dad’s attitude was, “I have a PhD, the government will take care of me, save your money.…. But as you are saving your money the Federal Reserve is printing trillions of dollars. How stupid can you be? Invest your money for the long term in a well diversified portfolio of mutual funds. Send it straight to Wall Street so that they can pay their brokers 10 million dollar a year bonuses. How stupid does a person have to be? — wake up.”
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