Robert Kiyosaki's new move

[Yuhung Lin]

Cannot believe it, our forefather of this real estate investing, Robert Kiyosaki predicts the next crush is under way. He is even teaching people how to prevent from portfolio losses. I get the facebook advertisement from his company richdadreport.com today.

If I am only picking up my deals starting from this year, how can I sustain from the crush, I know I can always dump the wholesale deals to somebodies else if I am willing to earn little profits from them, says 5k-7k. But what about all those buy and hold investors, are they worrying now and stop buying multiple families? If they acquired the properties between 2009 and 2010, they are safe in one standpoint is that their purchase cost was low, but how about the loan they are taking ? Will the crush effect them at all ? 

[Michael Hayworth]

Many of us have good memories of Rich Dad, Poor Dad. It motivated a lot of us, because it contains a lot of truth. I gained a lot from the book.

But publishing one good book doesn't make you an angel. There have been lots of questions raised about Kiyosaki's business practices over the years, and whether he's really made any significant money from anything other than being a success guru. 

At the end of the day, the goal of all success gurus is to transfer money from your wallet to theirs. If any of them really had a guaranteed system the way they say, they'd be getting huge offers from hedge funds, not trying to convince small investors to increase their credit card limit to spend increasingly large amounts of money on seminars where they feed out information one drop at a time.