In this groundbreaking episode of Millennial Money, Robert Kiyosaki, along with his guest Alexandra, explores the often misunderstood concept of debt and its potential to generate income. “How Debt Can Generate Income” is a must-watch for anyone seeking to deepen their financial knowledge and learn the intricacies of using debt as a tool for wealth creation.
Robert Kiyosaki, renowned for his unconventional wisdom and expertise in financial education, initiates the conversation by challenging the typical negative perception of debt. He emphasizes that not all debt is detrimental; there’s a significant difference between ‘good’ and ‘bad’ debt. This distinction forms the crux of the episode, as Kiyosaki delves into the finer details of leveraging debt for financial gain.
One of the key highlights of this episode is the discussion about ‘good debt’ and ‘bad debt.’ Kiyosaki explains that while certain types of debt, such as credit card debt and student loans, are often harmful, there are forms of debt that can be advantageous. For instance, leveraging debt to invest in assets that generate income – like rental properties – can be a powerful strategy for wealth accumulation. He shares personal anecdotes and examples to illustrate how properly managed debt can lead to financial success.
The conversation also covers the importance of financial education, particularly in understanding the role of debt in wealth-building. Kiyosaki stresses the need for a shift in mindset, from viewing debt solely as a liability to recognizing it as a potential asset. He and Alexandra discuss the common misconceptions about debt, emphasizing the value of financial intelligence in navigating these complex waters.
By the end of the episode, viewers will have a clearer understanding of how to discern between good and bad debt and how to use debt wisely to enhance their financial position. Kiyosaki’s insights, combined with real-life examples, make this episode a compelling and educational experience for anyone looking to improve their financial literacy.
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22 Comments
People here takes debt and then go to dav ramsay show 😂
What I don’t understand about this is yes you can go get a loan and they’ll borrow you about 80% of the value of the property. The interest rates gonna be roughly about 7 to 10% and your annual percentage on the return per year of the apartments will only be roughly about 6% so that means you’re negative between 1% and 4%
I'm a 17-year-old watching this in 2025 and I must say this was worth more than I could ever Imagin. I wish my pairs could watch this type of content before it's too late. wish you the very best of luck
Debt is income.
I appreciate your help my rish dad.
thanks rober its wonderfull edu
bro predicted ai before 7 years
He is a very good example how unintelligent people can be rich.
some people say cut up your credit cards lol straight shot to dave ramsey lmfaooooooooooooooo
Religion of politics Babai puja babai puja
people who do not know how to use other people's money will certainly stay poor and never have a billionaire's dream. what do you think ?
i love my idol ROBERT KIYOSAKI
7 years ago this guys was talking about AI 🤖 replacing high paying jobs and nobody listen!!! 😅
Over time this guy is proven he was right all the time
They 100% teach cash flows and IRR in finance…idk why people are lying about this.
Wow! I just realized it took me at least 10 times to understand such a simple concept. I realized how brainwashed I was. It took this to make me realize this.
We don’t need credit cards in uk
Even bad debt can create another form of currency: reputation
thank you
Thanks you so much!
6:19 well same for me
After all that talk and money chasing his wife Kim left him ….oh well ….take a break dude
Every business is built on the basis of debt, look you are using bank money to build your wealth while paying small amount of your income. Debt is a very good thing, if u are building business