'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'
'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...
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I don't get why people idolize him so much. Paying to go to seminars and such. Yes buy assets not liabilities, not complicated but he regularly pushes over leveraging yourself and working in the grey area of financial independence. Him and Ramsey provide good advice on targeted subjects but going all in and following these idols will lead to ruin for most.
How can he be rich if we don't give him money?