"Personal Finance Guru Robert Kiyosaki Claims $1 Billion Debt is 'Not My Problem'"
Robert Kiyosaki, the author of "Rich Dad, Poor Dad," has disclosed that he is $1 billion in debt, a situation he views nonchalantly due to his strategy of using debt to acquire assets like gold and oil wells. He criticizes the idea of living debt-free, especially in an economy with high inflation and potential banking crises, and distinguishes between 'good' debt used for investing and 'bad' debt for purchasing depreciating items. His financial tactics have influenced individuals like Nancy Rodriguez to focus on investing in assets that generate returns, rather than accumulating consumer debt.
