I have a bone to pick with Kiyosaki. He grew rich advising people to take oput loans [go into debt] to buy homes, and saw property as the holy grail of wealth. He tended to see it as an infallible strategy. It isn't. But that mindset has shown how fallible the entire world's financial system has become.
Cohen’s daughter Abigail tried that tip and found that others in her neighborhood on New York’s Upper West Side were paying an average 20% less than she was for a studio apartment. She brought those figures to her landlord and ended up with a new lease this summer for $1,550 instead of $1,850 — an 18% discount.