"Personal Finance Guru Robert Kiyosaki Discloses $1.2 Billion Debt, Unfazed by Bankruptcy Risk"
Robert Kiyosaki, the author of "Rich Dad, Poor Dad," has declared that he is $1.2 billion in debt, which he considers "not my problem." He differentiates between good debt, which can create wealth, and bad debt, which does not. Kiyosaki uses debt to acquire assets, not liabilities, and prefers investing in gold and silver over saving cash. He views debt as a tool for leverage, particularly in real estate investments. His approach to debt and investment reflects his broader financial philosophy, which has been influential through his bestselling book.