This is a guy who I have disagreed with tremendously over the years. He says, “don’t invest for the long term in the stock market”, yet later says to look for bargains in the stock market. He says don’t work for money, but acquire assets….but money is an asset that can generate cash for you, if you save and invest it. He also says to invest in real estate for the long term. I get what he’s saying, but for novices out there who try to comprehend what he’s saying, it’s bad. What they would take away is to quit their job, maybe drop out of college, and do what you love, instead of trading in your skilled labor for the biggest return that you can get for it.
My advice….choose your greatest skill that pays the most, and use that to make cash. Live frugally, and use the cash to invest in underpriced businesses that are growing. And leave Kiyosaki to talk to the get-rich-quick schemers.
In a live interview with MarketWatch, the best-selling author gives advice on how to get rich and what to invest in now.
Read Full Story: ‘Rich Dad’ author Robert Kiyosaki: If you’re investing for the long term, ‘you’re crazy’ – MarketWatch