Posted 2 months ago

TONIGHT! Robert Kiyosaki's $1.2B Debt, Air Force Widow Denied Benefits

TONIGHT! Robert Kiyosaki's $1.2B Debt, Air Force Widow Denied Benefits, and LA Woman Whose Deceased Boyfriend's Home Was Forced Sold

Hi Friend!

This week has seen some crazy financial news. We have a LOT to talk about tonight!

Robert Kiyosaki, author of Rich Dad Poor Dad, has made headlines by saying he is approximately $1.2 billion in debt

He's happy about it, which certainly gets my attention. But it doesn’t change what I teach! Kiyosaki isn’t saying he ran up $1.2 billion buying clothes, cars, and vacations. Much of his borrowing is tied to investments, especially income-producing real estate. His philosophy has long been that he would rather use borrowed money to acquire assets than use his own cash. Estimates put his personal debt at $30 to $40 million. With a net-worth of over $100 billion, his situation is like owing your friend $3 while you have $100 in your savings account.

I understand the strategy. I just don’t endorse it.

There has been a lot of outrage this week over reports that the widow of Air Force Maj. John “Alex” Klinner is being denied military benefits because the United States has never formally declared war against Iran.

The anger is understandable, but some of what is circulating on social media overstates what is actually happening. Libby Klinner publicly shared that the Air Force had told her that she and her children were not eligible for certain additional benefits because the United States had not formally declared war. That statement quickly morphed online into claims that the government had denied this Gold Star family its military death benefits altogether. That does not appear to be accurate.

Never, never, not EVER put a man you are not married to on your deed!

This woman paid IN CASH for her home and added her boyfriend to the deed. His sister filed a successor, and now she is forcing the sale of the house so she can cash out her half

There are so many different ways Ms Jackson could've gone about achieving her goal (of ensuring he had a place to stay should she die first). But unfortunately, she reacted with emotion instead of bringing a financial planner or an estate planning lawyer on her side!

Let's talk about it TONIGHT!

- JJ

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