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'If I go bust, the bank goes bust,' says 'Rich Dad, Poor Dad' author Robert Kiyosaki, admits to $1.2 bln debt and why he loves it

Kiyosakis approach centers around the concept of "good debt," which involves using loans to build wealth through income-generating assets such as real estate and investments. He advocates for leveraging debt in investments, particularly in the real estate market, as a proactive strategy to navigate market fluctuations effectively. Kiyosakis investment portfolio extends beyond traditional avenues and encompasses gold, silver, real estate, and even Wagyu cattle, reflecting his belief in ...
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'Rich Dad, Poor Dad's' Robert Kiyosaki Says He's $1.2 Billion In Debt Because 'If I Go Bust, The Bank Goes Bust. Not My Problem'

Robert Kiyosaki, a best-selling author and seasoned investor, has a distinct philosophy on debt and investment. In a Nov. 30 Instagram reel, Kiyosaki elaborated on his debt philosophy, highlighting a critical distinction between assets and liabilities. He said many people use debt to buy liabilities, while he uses debt to purchase assets. To illustrate his approach, Kiyosaki said his luxury vehicles, like a Ferrari and a Rolls Royce, are fully paid off, categorizing them as liabilities rather th
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Source: yahoo.com

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