Rich dad Robert Kiyosaki, author of Rich Dad Poor Dad, went bankrupt with $1.2 billion in unpaid debts. He himself admitted this on a banned social network.
Robert recently shared his views on debt and investing, which includes assets and liabilities. The author said on his Instagram page* that he used his debt to pay off his assets. By this logic, he says the cars he owns (Ferrari and Rolls Royce) are fully paid for and are classified as “liabilities” rather than assets.
Meanwhile, Kiyosaki admits to his $1.2 billion debt and even talks about it openly. He believes he has everything under control in this regard as he has his own strategy that works for him. “If I go bankrupt, the bank goes bankrupt too. “It’s not my problem,” he admits.
*The social network Instagram is prohibited in the Russian Federation. By court decision dated March 21, 2022, Meta was recognized as an extremist organization on the territory of the Russian Federation.
Source: People Talk
Mary Crossley is an author at “The Fashion Vibes”. She is a seasoned journalist who is dedicated to delivering the latest news to her readers. With a keen sense of what’s important, Mary covers a wide range of topics, from politics to lifestyle and everything in between.
