Kyosaki Owes $1.2 Billion
Robert Kiyosaki, the author of "Rich Dad Poor Dad," has debts totaling $1.2 billion linked to his real estate investments, which include around 1,500 residential units. He believes that using debt to acquire income-generating assets, such as real estate, is a strategy for wealth growth rather than a financial burden. He is convinced that debt is part of financial tools that can help achieve cash flow and financial growth if managed properly, while also considering the risks associated with borrowing. He advises not to worry about repaying debts, as the size of the debt changes the nature of the risks between the borrower and the bank.
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