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Is "Rich Dad Poor Dad" a Fraud?


With my interest in personal finance, the headline Robert Kiyosaki, ‘Rich Dad Poor Dad’ Author, Says, ‘I Am a Billionaire in Debt’ — And Calls Dave Ramsey An Idiot For Encou…

Mike’s father (“rich dad”) was an eight-grade dropout who owned “convenient stores, restaurants, and a construction company. The usual “Based on a true story“ disclaimer doesn’t cut it, since readers/viewers can’t help coming away with the impression that this is what happened, when really it didn’t (Think: Roots, A Beautiful Mind, etc., etc. Richard Emert at The Motley Fool opines, “Kiyosaki’s material is almost completely devoid of specific financial advice.

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