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Famous Financial Guru 'Rich Dad, Poor Dad' Author: I'm Over $1 Billion In Debt And If I Go Bust, It's 'Not My Problem'

‘Rich Dad, Poor Dad’ Author Robert Kiyosaki Reveals $1.2 Billion Debt

I once joked with an editor at Bloomberg News, “You know, it wouldn’t be hard to quickly write a series of articles exposing dozens of obvious investment swindles. I would call it, “30 Investment Scams in 30 Days.” Some of the fraudsters are even advertis

‘Rich Dad, Poor Dad’ Author Robert Kiyosaki Reveals $1.2 Billion Debt

Robert Kiyosaki, the author of the best-selling personal finance book 'Rich Dad, Poor Dad', has admitted to being in debt to the tune of $1.2 billion. The entrepreneur, known for his advice on wealth-building and financial management, made this claim during a recent Instagram reel and on the "Disruptors" podcast.

‘Rich Dad, Poor Dad' author, Robert Kiyosaki, has directed his followers to closely monitor the forthcoming Bitcoin (CRYPTO: BTC) halving. 

Instead of saving cash, Robert Kiyosaki saved gold and converts his earnings into gold and silver. This strategy, according to him, led to the accumulation of $1.2 billion debt.

Robert Kiyosaki said, "If I go bust, the bank goes bust. Not my problem."

Kiyosaki also said that he uses debt to pay for assets, and categorises luxury vehicles as liabilities. | World News

Robert Kiyosaki, author of Rich Dad, Poor Dad, shares his unique philosophy on debt and investment. He uses debt to pay for assets, categorizing luxury vehicles as liabilities. He also advocates for saving gold instead of cash and has amassed a debt of $1.2 billion.