‘Rich Dad, Poor Dad’ author Robert Kiyosaki confesses to having a debt of $1.2 billion

The esteemed financial author and entrepreneur, Robert Kiyosaki, recently revealed that he carries a debt exceeding $1 billion but views it as a manageable element of his financial strategy.

Known for his influential book “Rich Dad Poor Dad,” Kiyosaki outlined his philosophy in an Instagram reel, highlighting the critical importance of distinguishing between assets and liabilities. He stressed his commitment to acquiring assets rather than liabilities, diverging from those who accumulate debt for non-appreciating items. Kiyosaki pointed out that his luxury vehicles, for instance, are paid off and categorized as liabilities.

His unconventional approach extends to his skepticism about holding cash, as he prefers gold as a store of value. Despite the significant debt, Kiyosaki is confident that his strategic focus on assets renders it a manageable component of his overall financial portfolio.

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