Tuesday, March 5, 2024

‘Rich Dad, Poor Dad’ Author Robert Kiyosaki Admits to be in $1.2 Billion Debt

Renowned financial author and entrepreneur, Robert Kiyosaki, recently shared that he carries a debt exceeding $1 billion but perceives it as a manageable aspect of his financial strategy.

Kiyosaki, famous for his book “Rich Dad Poor Dad,” outlined his philosophy in an Instagram reel, underscoring the importance of distinguishing between assets and liabilities.

He emphasized his focus on acquiring assets rather than liabilities, unlike those who accumulate debt for non-appreciating items. Kiyosaki cited that his luxury vehicles are paid off and classified as liabilities.

His unconventional approach includes skepticism toward holding cash, preferring gold as a store of value. Despite the substantial debt, Kiyosaki believes his strategic asset-focused approach makes it a manageable component of his financial portfolio.

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