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
This is a good thing, for many reasons.
Not when you’re looking to invest, which is what Kiyosaki is trying to do.
Yes it is, because it significantly encourages investment over saving, as one of the many benefits.
That’s exactly what he’s doing. Taking his money and investing it into something that will appreciate.