News From Press Rich Dad, Poor Dad author Robert Kiyosaki acknowledges he is $1.2 billion in debt: ‘If I go bust, the bank goes bust'

Rich Dad, Poor Dad author Robert Kiyosaki acknowledges he is $1.2 billion in debt: ‘If I go bust, the bank goes bust'

Source:Mint Jan 5, 2024

Rich Dad, Poor Dad author Robert Kiyosaki has recently shared a unique take on debt, and investment, one that encompasses assets and liabilities. The best selling author took to social media platform Instagram, and said that he uses debt to pay assets. Elaborating further, Kiyosaki said that luxury vehicles that he owns-- A Ferrari, and a Rolls Royce-- are fully paid off, and therefore qualify as liability, and not asset.

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