Robert Kiyosaki, who told the world the tips to become rich and author of the bestseller Rich Dad, Poor Dad, is in terrible debt. He has a debt of about 1.2 billion dollars. But, they are not worried at all about it. On the contrary, he is advising everyone to take loan.
If I go bankrupt the bank will also go bankrupt
In an Instagram reel, famous financial writer and businessman Robert Kiyoski said that my debt has crossed 1 billion dollars. If I go bankrupt, the bank will also go bankrupt. I have no problem. Nor am I worried about this debt.
Kiosks create assets by taking loans
However, Kiyoski clarified that most people increase their responsibilities by taking loans while they create assets by taking loans. Giving examples, he said that expensive cars like Ferrari and Rolls Royce are not assets but should be considered responsibilities.
Has assets worth 100 million dollars
Robert Kiyoski said that he does not save cash but invests in gold and silver. I am not afraid of debt because debt is money. Good debt creates money and bad debt reduces earnings. People should take loans and invest in things like real estate. He has wealth of about 100 million dollars. In the beginning he had to face many challenges. In the initial phase of his career, he was on the verge of bankruptcy. But, gradually he managed to get out of this problem.
More than 4 crore copies have been sold
You can gauge the popularity of the book Rich Dad Poor Dad from the fact that this book, written in the year 1997, sells well even today. This book has been published in more than 50 languages in more than 100 countries. More than 4 crore copies have been sold so far. People read Robert Kiyoski’s advice a lot.
