I[B]n this life nothing is what it seems… who would have expected Kiyosaki to go broke
See story from the daily mail below[/B]
The financial guru behind New York Times bestseller Rich Dad, Poor Dad has filed for bankruptcy on one of his companies after losing a $24 million judgement.
This April, Robert Kiyosaki’s Rich Global LLC was ordered to pay $23,687,957.21 to the Learning Annex and its founder and chairman, Bill Zanker.
Kiyosaki had used the Learning Annex platform to organize several high profile speaking engagements, including a 2002 appearance at Madison Square Garden
‘I took Kiyosaki’s brand and made it bigger. The deal was I would get a percentage and he reneged,’ Zanker said.
Kamau wa grogoni can teach more about real life economics than these guys. wao na prosperity gospel hakuna tofauti. and both attract Nairobi yuppies like rats to @aviator 's rat trap
filing for bankruptcy is strategy to avoid paying debts. doesnt in any way mean he is broke. just means no one will shine their eyes on his money or take him to court for refusing to pay his debts…
If you read the details you will realize that the company(Rich Global LLC) is the one that filed for bankruptcy to avoid paying the court settlement. However, the man remains very wealthy.
In business Law, a company is an entity of its own. It can be sued to an allowed maximum. While that is happening the owner is protected from such ongoings. So as @fishmonger said it is the company that is broke, not the man. If people here took the initiative to educate themselves…
in kenya it is different. you file for bankruptcy it means you can’t do a thing in your life.
auctioneers na reputation mbaya ndio zako.
in the us, when you file, it gives you time to sort yourself out.
these guys only make money by selling bullshit to us who consume it like the gospel truth on wealth…and I always tell people never to believe what these niggas/books say…kama hukuwa hapo ukaona millioni, wachana naye. Even in Kenya a guy comes on TV and tell you how he started his empire with only five hundred bob and then at the end of the show, anachomoa kakitabu anasema anaiuza 1k…smh
uko na ukumbafu na umama sana. A talker offers to enlighten the masses na wewe unakuja na umeffi hapa. Upuzi peleka-------------------huko. Na by the way, hiyo haihusu contracts, it is just basic company theory. However, since your head is high up inside your rear end, hautaki kufunzwa. ISORAIT
Always had this view. Worse is that a great percentage of the so-called successful guys are just by-book thugs. They have checkered pasts where they possibly looted funds from certain organizations or were just outright gun-slinging thugs.
Kwanza hapa Kenya there are so many rich people who are wanted in the states.