The reason I’m so rich, is because I’m in debt 💸#robertkiyosaki #richdad #wealth

Con artist who got rich ripping people off with ridiculously expensive seminars

Ok, if a person doesn't have the means to repay the debt, the bank will take the property, car or whatever is purchased by the money.
Unless you file bankruptcy repeatedly like some people have done.

What’s your name sir?
him: DEBT 💀🤨. 😂😂😂

💯

You didn't explain why it's good to be in debt, Robert!

"If I go bankrupt, the bank has a problem – not me."

that's his mindset so quite honestly his life doesn't sound great rather stupid

So if i somehow manage to save up $10,000 and then put it in a savings account, i can go to the bank and ask for a 10 or even 15 thousand dollar loan?

I don't understand one thing: if he borrows money from a bank, doesn't he have to pay interest?

i see allot of confussion in the comments and rightfully so. the reason he dosent pay taxes is because he used depreciation tax credit on properties. aventually you can ligally offset 100% of your properties ARV value from you corporate taxible income ( S,C corp or llc stractured with corporate taxation. you cant utilise that if you are employed or self employed only if you use short term rentals and please dont do that is a recipe for disaster). i hope god bless you all and your families 🤲

Smarter dad – Put tax on borrowed money and assets. Build more houses so that assets are not assets anymore. Replace gold with other materials. Print less money. Oversaturate the demand. Rich dad won't be rich anymore.

Borrow where? Banks?

Where is deathvannesa..? You hacked her…

Riba is haraaaaam

Bullshit…you have capital do not worry about where the capital goes on whatever…if you do not have no one will give you debt …the bank knows you are more profitable than them so they give you money.Otherwise screwed like others

We don't have A TAXE FREE if we
borrow money ?
We pay Debt and we pay Taxes ?
?
?

I think, thinking like that is stupid. You escape tax by becoming a billionaire in debt?

He also awarded settlements stating that he gets to say that he isn't admitting liable.

From whom you borrow money???

Proverbs 22:7 says, “The rich rule over the poor, and the borrower is slave to the lender.”

Can see in his eyes he’s a crazy Mf.

See

Guy is a complete clown 🤣

Enjoy your debt… not for me. MOST people have no business being in debt. RK is a unicorn.

It doesn’t matter if you make $200k or $50k/ year. Your ability to pay off debts while increasing your assets and income is true worth. The difference can be as simple as picking the debt. A new car gives reliable transportation and exercises credit as a depreciating asset but is beneficial to who utilizes it as a tool more than transportation. No different than a closet full of designer clothes and shoes that are worthless material not investments unless they provide and produce as means of income. Now purchasing property matures with time building equity credit and growth of your net worth. Precious metals are a great investment as well. Buy low, sell high. It’s not what you make but what you save. The conscious mind accesses their overall energy and consumption that manages their economy to sustain and succeed. They don’t waste time or money, they spend. 78’

He made his money selling courses and books literal scammer