Robert Kiyosaki is one of the most read authors in the world. His book ‘Rich Dad, Poor Dad’ It has become quite popular. Best selling book authors often share advice on personal finance. Recently he has made an interesting revelation about himself. He has told that he has a debt of more than one billion dollars.
Debt of Rs 10 thousand crores
Kiyosaki expressed his views on the social media platform Instagram. He admitted that he had a debt of $1.2 billion. This amount of loan in Indian currency comes to around Rs 10 thousand crores. Kiyosaki often talks publicly about his debt. In fact, Kiyosaki’s view on debt is completely opposite to the common understanding.
Immense wealth created through debt
The best selling writer believes that debt helps him in creating assets. . He says- I have a debt of 1.2 billion dollars. If I go bankrupt, the banks will go bankrupt. This is not my problem. According to Kiyosaki, he has used the loan money to buy assets. He says that instead of saving in cash, he converts his earnings into gold and silver. They create assets by taking loans. Due to this strategy, he has been accumulating debt.
The writer has tons of gold and silver
Some time ago, Kiyosaki had told about his choice of gold and silver. He has tons of gold and silver. He had said in a conference in 2022 – I do not have copper. I have a lot of silver. I had a silver mine in Argentina, which was bought from me by Yamana Gold, a Canadian mining company. I have tons of gold and silver.
Such debts are not considered wrong
The author of Rich Dad, Poor Dad calls the debt he has accumulated as good debt. Actually, in the world of personal finance, debt is divided into two categories – good debt and bad debt. If the loan is taken and invested in such a way that it earns more than the interest paid, then it is called good debt. Kiyosaki says that he has also taken loan and invested it in wealth creating assets like real estate etc. In this way, he advocates taking loans and making wealth creating investments like real estate.
This is Kiyosaki’s net worth
Robert Kiyosaki’s famous book Rich Dad, Poor Dad in 1997. Was published. Till now more than 4 crore copies of this book have been sold. Kiyosaki rejects the notion that the only way to build wealth is to earn lots of money. He advocates starting one’s own venture and taking calculated risks to create wealth. His current net worth is said to be around $100 million.
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