"Personal Finance Guru Kiyosaki Admits to $1 Billion Debt, Shrugs Off Bankruptcy Risk"
TL;DR Summary
Robert Kiyosaki, the author of 'Rich Dad, Poor Dad,' has disclosed that he is $1.2 billion in debt, a figure he embraces as part of his investment strategy. Kiyosaki uses debt to acquire assets, not liabilities, and has invested in gold, silver, Bitcoin, and other 'real assets' to hedge against the devaluation of the US dollar. He distinguishes between 'good' debt for income-generating assets and 'bad' debt for liabilities, such as luxury cars, which he owns outright because he considers them liabilities.
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