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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.
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, 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.
Renowned author Robert Kiyosaki shocks by admitting $1.2 billion debt, defending it as a strategic move. He views luxury vehicles as liabilities, challenges conventional savings, and advocates leveraging good debt in investments, particularly in real estate.
"Rich Dad, Poor Dad" author says he has more than $1 billion in debt — but he doesn’t think it’s a bad thing.