Robert Kiyosaki, a best-selling author and seasoned investor, has a distinct philosophy on debt and investment. In a Nov. 30 Instagram reel, Kiyosaki elaborated on his debt philosophy, highlighting a critical distinction between assets and liabilities. He said many people use debt to buy liabilities, while he uses debt to purchase assets. To illustrate his approach, Kiyosaki said his luxury vehicles, like a Ferrari and a Rolls Royce, are fully paid off, categorizing them as liabilities rather th
You have a lot of confidence in the financial system and I wonder given what is known if it is justified
more like, confidence in human greed.
Banks don’t cut people breaks just because they’re famous. keep in mind, this guy’s net assets are not 1.2 billion- that’s his debt. He’s over extended and they’re taking them up. long-time business partners might get less scrutiny on the inflated values, but this guy? naw. he took out massive loans on proprieties or whatever, they’ll be taking whatever collateral he used, and whatever other assets are associated.