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
  • @Sarmyth@lemmy.world
    -8•1 year ago

    You are so pointlessly negative. What they said is true. Those are the most common avenues for middle class to move classes.

    • @teichflamme@lemm.ee
      12•1 year ago

      I would call it realistic instead of negative.

      Yeah, you can get rich through ETFs but it’s incredibly unlikely.

        • @ZOSTED@sh.itjust.works
          4•1 year ago

          Yes and highly recommended if you have the money to do so, but it’s not going to make you rich, and it’s certainly not going to pull you out of poverty.