Robert Kiyosaki, the author of “Rich Dad, Poor Dad,” has revealed that despite having a net worth of approximately $100 million, he is actually in a significant amount of debt, totaling $1.2 billion. While this revelation might alarm many people, Kiyosaki maintains a nonchalant attitude towards his financial situation.
His unconventional perspective stems from his lack of trust in the US dollar. Kiyosaki sees debt as a form of currency, stating, “I’m a billion dollars in debt because debt is money.” He further asserts that the banking system is facing crises, leading him to believe that those who possess tangible assets like gold and silver will emerge as winners.
In an Instagram post, Kiyosaki expressed his belief that being debt-free is not advisable in today’s economic climate. Instead, he advocates using debt to acquire assets, such as cash-flowing real estate and oil wells, which generate continuous income. Kiyosaki contrasts these hard assets with liabilities like luxury cars, which he pays off entirely to avoid debt associated with non-income-producing items.
Despite his massive debt, Kiyosaki remains unfazed, emphasizing his strategy of converting cash into gold, silver, and bitcoin due to his distrust of the US dollar. He maintains that if he were to face financial ruin, it would be the bank’s problem, not his own.
