Earlier quoted context omitted.
Mods should do something about these kinds of titles.
The title is taken from the original New york post article.
...which is newsstand-bait.
Rich Dad - bankrupt Dad - Robert Kiyosaki bankrupt
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Re: Rich Dad - bankrupt Dad - Robert Kiyosaki bankrupt
#12Title is very misleading - this is not personal bankruptcy, it's one of his shell corporations declaring bankruptcy to avoid a court judgment. In that context, it's a rousing success: he knows how to play the game well enough that he can renege on a $24M obligation and still keep his $80M of personal assets intact.
I'd argue that this is absolutely not a "rousing success" or "play[ing] the game well enough". He used a legal trick to avoid his side of a financial obligation. If all businesses behaved this way then commerce would be impossible.
All business behaves this way and everything goes smoothly. You shouldn't demean someone for using a trick because business is game of tricks.
Re: Rich Dad - bankrupt Dad - Robert Kiyosaki bankrupt
#13What's the inside story on his dispute withe Learning Annex?
Re: Rich Dad - bankrupt Dad - Robert Kiyosaki bankrupt
#14Earlier quoted context omitted.
I'd argue that this is absolutely not a "rousing success" or "play[ing] the game well enough". He used a legal trick to avoid his side of a financial obligation. If all businesses behaved this way then commerce would be impossible.
Isn't one of the main purposes of corporations to shield the private money of the owners? I think you have illusions about economics :-)
Yes, but obviously there is a line between shielding private money from business-related risks and intentionally running a company into bankruptcy to avoid liabilities. Although I agree that this line is a bit blurry.
Re: Rich Dad - bankrupt Dad - Robert Kiyosaki bankrupt
#15I guess it's example of passive aggressive income