Robert Kiyosaki, a best-selling author and seasoned investor, has a distinct philosophy on debt and investment. In a Nov. 30 Instagram reel, Kiyosaki elaborated on his debt philosophy, highlighting a critical distinction between assets and liabilities. He said many people use debt to buy liabilities, while he uses debt to purchase assets. To illustrate his approach, Kiyosaki said his luxury vehicles, like a Ferrari and a Rolls Royce, are fully paid off, categorizing them as liabilities rather th
  • @solrize@lemmy.world
    100•1 year ago

    I read about 1 page of that guy’s book years ago, pegged him as a scammer, and put the book back on the shelf. Looks like I got it right.

    • @nucleative@lemmy.worldEnglish
      3•1 year ago

      Another article says his net worth is 100m, so that would mean he might have 1.2b in debt but 1.3b in assets.

      I’m not sure that suggests he’s a scammer on the surface.