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Just came across something pretty interesting about how this billionaire actually thinks about money. Robert Kiyosaki, you know the Rich Dad Poor Dad guy, basically broke everyone's conventional wisdom by openly saying he carries $1.2 billion in debt. And here's the wild part — he says that's exactly why he's so wealthy.
Most people would freak out hearing that a billionaire is drowning in debt, but Kiyosaki's whole philosophy flips the script. He explained that while average people use debt to buy things that lose value (liabilities like cars), he does the opposite. He borrows to acquire assets that appreciate over time, like real estate. It's leverage as a wealth-building tool, not a burden.
What caught my attention was his specific take on currency and cash. He doesn't trust the dollar and hasn't since 1971 when he says it "became debt." So instead of hoarding cash, he converts everything into hard assets — silver, gold, even Bitcoin. His reasoning? If the system collapses, at least he's protected. Pretty unconventional thinking from someone most people know as a bestselling author and financial educator.
The tax angle is another layer here. When you borrow money for investments, you can potentially deduct those interest payments, which is why Kiyosaki claims he pays minimal taxes. "I borrow money, so I'm a debtor," he said. It's a completely different relationship with debt than what most of us are taught growing up.
Whether you buy into his philosophy or not, it's hard to ignore that this billionaire has fundamentally different rules for how he plays the money game. He's not avoiding debt — he's weaponizing it as a financial strategy. Makes you think about what we've been taught about "good debt" versus "bad debt."