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Robert Kiyosaki: Sudden wealth can quickly turn into no money for many

Robert Kiyosaki: Sudden wealth can quickly turn into no money for many
Kiyosaki on sudden riches turning to zero

Robert Kiyosaki described how people who become suddenly rich, such as professional athletes, movie stars, lottery winners, and those who inherit wealth, often face the problem of going from having too much money to no money at all.

He referred to this as a common issue, presenting it as "money problem #6" in his series on financial challenges.

Kiyosaki has previously commented on financial challenges facing different groups. He noted that baby boomers were the first to get 401k plans under ERISA in 1974 but did so without financial education, according to a prior article. The lack of education, he suggested, may affect how individuals manage sudden or inherited wealth.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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