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
Ya know I never really understood it. This book was recommended to me 94295832 times so I read it and everything in it seemed super obvious, and it was mostly just boring anecdotes about how he discovered the idea of putting your money to work for you.
You might be surprised then, to see how many people seem to lack understanding of that apparently obvious concept.
I mean yeah I get that. But to have all these already-successful people praising it as some sort of great revelation is strange to me.
That’s his book market… people too dumb to understand that money begets money. Since you got none, you give it away easily.