According to Fortune, Mr. Robert Kiyosaki, author of Rich Dad Poor Dad, revealed that he owes the bank more than 1 billion USD. Even though he borrowed a large amount of money, this author seemed quite calm, even boasting about the debt.
“I use debt like money and don’t save cash,” said Mr. Kiyosaki.
The author of this famous book also revealed that he does not use cash but uses debt to buy assets such as gold, which assets can withstand market declines and rising inflation. just like cash in the bank.
“If I go bankrupt, the bank will go bankrupt too” he asserted.
According to Robert Kiyosaki living debt free is a dream for many but it’s the worst advice you can give someone today.
In a recent interview, the author of the book Rich Dad Poor Dad also gave many warnings about the impending banking crisis and inflationary pressure and the stock market crash.
These factors prompted him to buy oil wells instead stocks oil and gold savings deposited in banks outside the US. “The winner will be the one who keeps gold and silver,” Mr. Robert Kiyosaki emphasized.
Although it is recommended to take advantage of debt to buy assets, he does not agree with borrowing money to buy items. material does not increase in value or pay dividends.
According to him, using debt wisely can help investors get rich faster. Good debt can help increase assets as quickly as borrowing to buy assets business or investment. He also supports the use of debt as leverage in investment, especially real estate, because this is an effective way to help investors overcome market fluctuations.
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