Comments by "" (@badluck5647) on "Investment Analyst Reacts to Finance TikToks - Part 7" video.

Robert Kiyosaki has been using his fame from "Rich Dad, Poor Dad" to sell bad and unethical financial advice for decades.
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@Magic_beans_ Rich Dad, Poor Dad was just a good way to explain assets, liabilities, and equity to people without basic accounting knowledge. The only real downside to the book is that it is overly optimistic on real estate, doesn't properly explain the risk of debt, and is often used as stepping stone to sell people bad financial products.
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@JezelJordan It's good at explaining basic accounting principles to people from poor backgrounds with little financial literacy. My guess is that isn't you, so that is why you don't see the appeal.
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@enod9746 So, that means it's okay for Kiyosaki to use this faith to sell people pyramid schemes and pump and dump schemes?
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