The author and entrepreneur with bestselling books on personal finance admits he owes more than $1 billion and doesn't think it's a bad thing.
Robert Kiyosaki, author of Rich Dad Poor Dad, stated in an Instagram video: “If I go bankrupt, the bank goes bankrupt too.”
"That's not my problem." - This is because his debt was used to purchase assets, he noted in the video.
Robert Kiyosaki notes: “I owe billions because debt is money.
This is due to his strategy of using cash flow to buy precious metals like gold or silver, which Kiyosaki believes will maintain their value while the US dollar fluctuates.