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Rich Dad' Author Tells Millennials: "Savers Are Losers"





As recently reported by CNBC, one of our true heros and a leader in financial education, Robert Kiyosaki, the author of financial best-seller “Rich Dad Poor Dad” has some unusual advice for millennials in his new book: Saving is for losers.

“You cannot follow your parents’ rules of money,” said Robert Kiyosaki, who this year published a new book, Second Chance: For Your Money, Your Life and Our World. “The old rules were you go to school, you get a job, you work hard, you save money and you invest for the long term in the stock market.”

But now, he says, the rules are now reversed. “Savers are losers. And many parents are still telling their kids to save money,” he told CNBC. “Why would you save money when every central bank is printing money?”
Indeed, Kiyosaki said he isn’t saving money. “When I was a millennial, I could get 15 percent interest on my money. Today, I’m lucky to get one percent,” he said. “I’m a debtor. I borrow because I’m in real estate. So I’m getting money at 2.5 percent. I just recently refinanced $300 million at 2.5 percent. So debtors are winning and savers are losing.”



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I'm Taking a little time off for the Christmas Holiday.

I do want to take a moment to thank God for Blessing me in so many ways and giving me the ability to make a difference in the lives of so many faithful and deserving people.

I've been working on some very exciting things that I will share with you in the new year. This big news will give you and so many others a huge boost in your ability to pay down your debt!
I'm very excited and I can't wait to share the news with you. But, all in due time. For now, let's enjoy the reason for the season, the birth of Jesus and his saving grace for our world that so desperately needs it.

To all of our faithful students and followers, we wish you and your families the most
       Happy Holidays and a very Joyful New Year!

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"For the LORD your God will bless you, as he promised you, and you shall lend to many nations, but you shall not borrow."  Deuteronomy 15:6