Sam Leong Idol boh lui liao

[chonburifc]

Just another conman squeezing from another conman. Those want to be financial independent should read "The Richest Man in Babylon" by George Samuel Clason.

 

[Talking Donkey]

He should be afraid by now.

 

[Cruxx]

Those who can, do. Those who can't, teach.

 

[Cruxx]

Just another conman squeezing from another conman. Those want to be financial independent should read "The Richest Man in Babylon" by George Samuel Clason.

 

[makapaaa]

Rich Dad, Poor Dad author Robert Kiyosaki files for bankruptcy

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[h=1]Rich Dad, Poor Dad author Robert Kiyosaki files for bankruptcy[/h]

• From: <cite>news.com.au </cite>
• October 12, 2012
  3:37PM

THE author of best-selling financial help book Rich Dad, Poor Dad has
filed for bankruptcy.


Financial guru Robert Kiyosaki filed for corporate bankruptcy after losing a
court judgment to The Learning Annex, The New York Post reports.

Mr Kiyosaki's company, Rich Global LLC, was ordered to pay almost $US24
million ($23m) to the Learning Annex and its founder and chairman, Bill
Zanker.

A US District Judge ordered Mr Kiyosaki to give Mr Zanker a percentage of the
profits he made from speaking appearances that he'd organised through Learning
Annex.

Mr Zanker told the The New York Post that he was responsible for making Rich
Dad, Poor Dad into the global name it is today.

"I took Kiyosaki's brand and made it bigger. The deal was I would get a
percentage and he reneged," Mr Zanker said.

"Oprah believed in him, and Will Smith believed in him, but he didn't keep
his promise to us."

Mr Kiyosaki first published Rich Dad Poor Dad in 1994, and has since written
11 other books.

Rich Dad, Poor Dad has sold more than 26 million copies and earned Mr
Kiyosaki widespread fame.

Mike Sullivan, chief executive of Mr Kiyosaki's Rich Dad Co, told reporters
that Mr Kiyosaki was still doing well thanks to investments in other companies
but that they thought the judgment was unfair.

"I can't do anything about a $US20m judgment. We got hit for what we think is
a completely outlandish figure," he said.

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[GOD IS MY DOG]

Re: Rich Dad, Poor Dad author Robert Kiyosaki files for bankruptcy

all these fake gurus...................hope Adam Khoo will join him soon

 

[Cruxx]

Re: Rich Dad, Poor Dad author Robert Kiyosaki files for bankruptcy

 

[Thick Face Black Heart]

Re: Rich Dad, Poor Dad author Robert Kiyosaki files for bankruptcy

I never thought I'd see the day when he falls from grace.

I can't count how many people I know who were done in by following his teachings.

 

[drifter]

Re: Rich Dad, Poor Dad author Robert Kiyosaki files for bankruptcy

What's goes up WILL come down if u are not careful

 

[Kinana]

Re: Rich Dad, Poor Dad author Robert Kiyosaki files for bankruptcy

Why so many fools signed up for Adam Khoo training?

 

[Thick Face Black Heart]

Re: Rich Dad, Poor Dad author Robert Kiyosaki files for bankruptcy

What's goes up WILL come down if u are not careful

The problem with that guy is that he talks about business leverage and real estate leverage as if there's no risk.

He denounces employees, not realizing that even employees have networking power and ability to leverage their strengths and experience over time.

He is full of bullshit and abstract nonsense, clothes all his "teachings" so that the gullible will fall for them. I have so many pals who bought into his shit, ditched their jobs, and found themselves crawling back.

 

[Thick Face Black Heart]

Surely you can't be that naive. Without a director's personal guarantee, creditors have no legal claim to personal wealth or wealth held in other ltd companies. I'd be very, very surprised if Kiyosaki has not ring fenced most of his assets.

Like my hero RK, I too had a company go belly up through no fault of my own.

This news is the best I've heard in a long while. I don't know why he is your idol.

 

[Leongsam]

Re: Rich Dad, Poor Dad author Robert Kiyosaki files for bankruptcy

I never thought I'd see the day when he falls from grace.

I can't count how many people I know who were done in by following his teachings.

It's a corporate bankruptcy you twit. Kiyosaki still has all his wealth.

The financially literate keep their personal wealth and business empire separate for this very reason.

If one of my businesses was sued for $20 million tomorrow, I'd declare bankruptcy too but it wouldn't change the financial standing of the trusts which hold my assets. All that would happen is that the business in question would no longer be able to trade.

 

[Thick Face Black Heart]

Re: Rich Dad, Poor Dad author Robert Kiyosaki files for bankruptcy

It's a corporate bankruptcy you twit. Kiyosaki still has all his wealth.

To me corporate bankruptcy is also a fall from grace. It shows he fucked up and the world now knows he is not the guru he makes himself out to be. This is joyful.

 

[Leongsam]

Re: Rich Dad, Poor Dad author Robert Kiyosaki files for bankruptcy

To me corporate bankruptcy is also a fall from grace. It shows he fucked up.

If you think a corporate bankruptcy is a fall from grace, it shows what an idiot you are.

 

[Thick Face Black Heart]

Re: Rich Dad, Poor Dad author Robert Kiyosaki files for bankruptcy

If you think a corporate bankruptcy is a fall from grace, it shows what an idiot you are.

Loss of reputation is a fall from grace.

Corporate bankruptcy leads to loss of reputation.

Logic dictates that corporate bankruptcy is a fall from grace.

 

[Leongsam]

Re: Rich Dad, Poor Dad author Robert Kiyosaki files for bankruptcy

Loss of reputation is a fall from grace.

Corporate bankruptcy leads to loss of reputation.

Logic dictates that corporate bankruptcy is a fall from grace.

Corporate bankruptcy is a financial strategy. That's what holding companies are for.

 

[Thick Face Black Heart]

Re: Rich Dad, Poor Dad author Robert Kiyosaki files for bankruptcy

Corporate bankruptcy is a financial strategy. That's what holding companies are for.

This thinking only happens when owners/partners don't take personal pride and loyalty in their businesses, like in the good old days.

 

[StinkiePeasants]

Surely you can't be that naive. Without a director's personal guarantee, creditors have no legal claim to personal wealth or wealth held in other ltd companies. I'd be very, very surprised if Kiyosaki has not ring fenced most of his assets.

Like my hero RK, I too had a company go belly up through no fault of my own.

The neat thing about filing for corporate bankruptcy in the U.S. is that the Rich Dad Company LLC will no longer be required to pay a single cent to Zanker or any other creditors like landlord, utilities, etc. although there was a $24-M judgment against the company before the bankruptcy filing.

It used to be that individuals can also wipe out all their debts by filing for personal bankruptcies. But the US gov't changed the law in 2005 preventing individuals/consumers from abusing the bankruptcy protection law and now requires bankrupt individuals to continue paying their debts. The big banks lobbied hard in D.C. to pass this law because too many consumers were wiping out their credit card debts by filing for bankruptcies.

In the end, the Rich Dad Company LLC, Robert Kiyosaki, and his various corporations will not have to pay a single cent to Zanker. The law certainly favors the rich. The rich also plays by a different set of rules and always win.

And the for peasants? They get screwed left, right, and center by their goverment, the rich, and big businesses. All they can do is complain nonstop on cyberspace.

 

[Leongsam]

The neat thing about filing for corporate bankruptcy in the U.S. is that the Rich Dad Company LLC will no longer be required to pay a single cent to Zanker or any other creditors like landlord, utilities, etc. although there was a $24-M judgment against the company before the bankruptcy filing.

Zanker is nothing more than an opportunist. He saw Kiyosaki making a pile and decided that he wanted a large slice of that pie too. He was probably hoping that RK would settle and he'd get a share from doing nothing.

Fortunately, my hero Kiyosaki was too smart for him.