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Rich Dad Poor Dad by Robert Kiyosaki is a book that has polarized opinion. Many swear by its teachings and many spend their time slating the book and trying to prove that the whole premise is flawed. There are very few people – apart from me – perching on the fence!

One of the underlying concepts discussed in “Rich Dad, Poor Dad: What the Rich Teach Their Kids

We are in a terrible mess economically at the moment. What started out as a hairline fracture (a credit crunch) rapidly became a hefty old crack (or financial downturn). Then of course the whole thing shattered into recession.

At the heart of the current recession is property investment, and dodgy lending practices, with the invention and almost viral distribution of complex derivatives called collateralised debt obligations (CDOs). The solution… Continue reading