It baffles me how people get miffed by this your-house-is-a-liability and your-car-is-a-liability type of talk. You know, as if owning a liability were the same thing catching measles. So, let's even take Kyosaki's assertion for a fact, which we shouldn't. My house is a liability, so what? Bad thing, he argues, because I have to pay for repairs and what not. So? Should I live in a tree? If I rent, I am gonna have to pay someone. That still means cash outflow. Same with a car. If I don't have my own I have to take the bus or catch a cab - depending on many factors of course. See, every situation is going to be different. Houses and cars and indeed other things will always be assets for some people and liabilities for others. And some things ARE liabilities and we KNOW it but we accept to live with them because of non-economic considerations. Huyu jamaa awache kupotosha watu.

I disagree.Fiction or not,bankrupt or not,I gained a lot from him.

You're probably right about that. His books do get one thinking rather differently. If the journey to financial freedom were a marathon, Kyosaki's books would be the gunshot that let's you know it's time to get off the blocks - not the glucose that will keep you going. Once your journey is started and you have the benefit of experience, you find that courage, determination and basic horse sense are your best companions. Especially that first one.

Maybe mawinder might be able to disclose more on this but for some,bankruptcy is just another tactic.

@seppuku - I agree.Not detailed but is a good wakeup call.

Zanker told us, “I took Kiyosaki’s brand and made it bigger. The deal was I would get a percentage, and he reneged. We had a signed letter of intent. The Learning Annex is the greatest promoter. We put his ‘Rich Dad’ brand on a stage. We truly prepared him for great fame and riches. But when it was time for him to pay up, he said ‘no.’ ” This has taken years in court. I won even more money than I asked for from the jury, then he declared corporate bankruptcy. Oprah believed in him, and Will Smith believed in him, but he didn’t keep his promise to us.”