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Robert Kiyosaki, Best-Selling Book Author, Under $1.2 Billion Debt.
Robert Kiyosaki Unique Debt Philosophy
Mr. Kiyosaki, one of the best-selling authors and renowned personal finance personalities, recently disclosed owing over a billion dollars. Notably, his 1997 book “Rich Dad, Poor Dad,” a financial classic, has sold more than 40 million copies globally. Despite his substantial debt, Kiyosaki categorizes it as a “good loan,” emphasizing its use in acquiring assets that appreciate over time, as illustrated by his strategic approach to paying off liabilities like a Ferrari while maintaining a debt-free Rolls-Royce.
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Robert Kiyosaki is the author of the bestselling book Rich Dad, Poor Dad. (Image Credits: YouTube/@TheRichDadChannel)
Distrust in the US Dollar: A Shift to Precious Metals and Crypto
Reflecting his scepticism towards the US dollar, Kiyosaki stores savings in gold and cryptocurrency. This financial strategy is rooted in his belief that the dollar transformed into debt in 1971, leading him to eschew holding cash.
Gold and Silver Assets: A Shield Against Market Changes
Confident in the resilience of his gold and silver assets, Robert Kiyosaki asserts that the interconnectedness of his financial decisions with institutional stability means that if he fails, it impacts the bank.
Navigating Financial Challenges: The Role of Good Debt and Asset Ownership
Kiyosaki emphasizes the significance of good debt and advises against keeping money in banks during uncertain times. He believes those holding gold and silver will thrive amid banking challenges, underlining the strategic importance of asset ownership.
Non-Traditional Investments: Trusting Tangible Assets Over Conventional Ones
In a departure from traditional investments, Kiyosaki prefers silver, gold, Bitcoin, and even Wagyu cattle. His trust in these unconventional investments is further underscored by his view of Wagyu cattle not just as livestock but as tangible assets, providing a steady income through breeding.
Robert Kiyosaki Net Worth
Robert Kiyosaki is not only an American businessman but also an author and motivational speaker. He released his book “Rich Dad Poor Dad” in 1997. His net worth is around $100 million. In this book, he discussed topics related to personal finance and financial discipline. He explained where to invest money, how to invest, and the difference between assets and liabilities.
Robert Kiyosaki Social Media Accounts
Robert Kiyosaki has a significant presence on well-known social media platforms. I would like you to take a look at the accounts listed below, and before following any account, please ensure to check for the blue verification tick.
- Twitter: @theRealKiyosaki
- Facebook: Robert Kiyosaki
- Instagram: @therealkiyosaki
- YouTube: Rich Dad Channel
Make sure to verify the authenticity of the accounts by looking for the blue verification checkmark, especially before deciding to follow them.
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