Comments by "" (@badluck5647) on "Finfluencers! How Good is Popular Personal Financial Advice?" video.

  1. "Rich Dad, Poor Dad" is a great book for people who have very little financial literacy. You can't imagine how disappointed I was when I found the rest of Kiyosaki's books are worth less than the paper they were printed on.
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  2.  @bennynguyen176  He has two books on "Network Marketing" that every pyramid scheme gives out to trick naive people into thinking Multi Level Marketing works. His other business advice usually involves getting as many investors as possible, and then pretty much gamble with their money.
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  3. “My dad said he listened to Matt Damon and lost all his money.” - Craig from South Park
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  4.  @kitatit  To put "debt for assets" in context", Kiyosaki has been in bankruptcy more than Trump.
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  5. ​ @doyouwanttogivemelekiss3097  What crime did he commit?
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  6. Risk tolerance, discretionary spending, age, etc. should change your decisions. Frankly, not everyone should be investing at all. If your income is low, education could be a better investment, while people with high debt could be better off paying down debt first.
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  7. Top notch sarcasm 👌
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  8. Turn off the video if they have shilled FTX, Masterworks, NFTs, or crypto at any point.
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  9. Rich Dad, Poor Dad is actually good for people with less than basic understanding of accounting principles. It is a shame everything else from him is actively harmful.
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  10. It does have value for people who didn't grow up with financial education from their parents. I have friends who didn't understand that rent is an expense, while a mortgage builds equity. I had another who didn't understand why he should invest his money in a 401k instead of a savings account. Rich Dad, Poor Dad is good at explaining basic accounting principles. Everything else from Kiyosaki is garbage.
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  11. ​ @spudglynz  People assumed the bank wouldn't sell them a home that they couldn't afford as it would be a bad investment of the bank. Frankly, people trusted the institutions too much. Now we are smarter and only get advice from TikTok.😅
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  12.  @lotuschamp7796  I never understood his obsession with gold and silver as his book's philosophy is supposed to be buying assets that produce income. A block of silver doesn't poop money like a house that can collect rent or a stock that collects dividends.
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  13. Her dad did work for Goldman Sachs.
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  14. Her dad worked at Goldman Sachs. Just saying.
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  15. People who held onto their homes from before 2008 are still better off.
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  16. Their attention span only last 60 seconds.
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  17. It had value for those who didn't understand basic accounting principles. I friends who grew up poor who didn't understand how rent was an expense, while a mortgage can build equity. His other books actually do more harm than good. His book on Network Marketing is used by scammers to get people stuck in pyramid schemes.
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  18.  @tigerhawk667  Being a bad investor isn't criminal
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  19.  @bloom6081  The point of the book isn't instructions on to be rich. It uses antidotes to explain accounting principles to people with financial illiteracy. It is basic stuff for people who didn't come from money who don't understand that spending money on a nice car is a liability, while spending money on a crappy house builds equity.
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