Robert Kiyosaki, 'Rich Dad Poor Dad' Author Admits to $1 Billion Debt Situation, Check Out the Reason

In a surprising revelation, bestselling personal finance author and entrepreneur Robert Kiyosaki opens up about his unconventional approach to debt, asserting that being over $1 billion in debt is "not his problem." This insight into Kiyosaki's financial philosophy unveils a distinctive perspective on assets, liabilities, and the strategic use of debt for wealth creation.

Kiyosaki's Debt Philosophy Unveiled

Robert Kiyosaki shares his unique debt philosophy in an Instagram reel, emphasizing a crucial distinction between assets and liabilities.

View this post on Instagram

A post shared by Robert Kiyosaki (@therealkiyosaki)

He highlights that while many people use debt to acquire liabilities, he strategically utilizes it to invest in assets. Notably, Kiyosaki reveals that his luxury vehicles, including a Ferrari and a Rolls Royce, are fully paid off, categorizing them as liabilities, not assets.

Doubts on Cash Saving and Gold Strategy

In the video, Kiyosaki expresses skepticism about saving cash, pointing to the detachment of the US dollar from the gold standard in 1971. Instead of saving cash, he advocates for storing gold and converting earnings into precious metals. This strategy has contributed to his staggering $1.2 billion debt, a fact he openly acknowledges, stating, "If I go bust, the bank goes bust. Not my problem."

Insights from the "Disruptors" Podcast

During the "Disruptors" podcast, Kiyosaki reaffirms his billion-dollar debt status, explaining that he views debt as money. He distinguishes between good debt and bad debt, crediting good debt for helping him generate wealth, particularly through loans used to acquire income. Moreover, he encourages leveraging debt in investments, especially in real estate.

Kiyosaki's Financial Legacy

Robert Kiyosaki, renowned for his bestselling book "Rich Dad, Poor Dad" (1997), with over 40 million copies sold, continues to disrupt traditional financial narratives. His unconventional debt philosophy and insights into wealth creation challenge conventional norms, making him a noteworthy figure in the realm of personal finance.

Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER