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is that a woke publication?
seems they are more onto him due his thoughts on BLM.
actually being heavily in debt doesnt mean he is not wealthy.
are your properties paid off, no mortgage?
nah - that be stupid, borrow at 3% - write off the interest and use cash on other venues.
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Read his own book? His book literally says to use debt to maximize cash flow and to get as much debt as possible. He’s literally living his own book.
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It’s not positive debt
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Based on the article, it looks like Kiyosaki probably has complex arrangements where:
- he has a few separate corporations
- these corporations have service agreements among each other
- certain ones assume all of the debt.
Not something for the "every dad".
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But he has learned the secret!
If you owe the bank $1,000 and can't pay it - you are in trouble.
If you owe the bank $1,000,000 and can't pay it - the bank is in trouble!
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If you owe the bank 1,000,000,000 you both get a bail out!
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I remember reading his book, RICH DAD, POOR DAD.
As I recall he encouraged people to learn to work for themselves
rather than be an employee.
And if he is in debt for over a billion, I doubt that he is personally liable.
Various business entities are involved and usually wealthy people
have their personal assets separate from business assets.
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I remember reading his book, RICH DAD, POOR DAD.
As I recall he encouraged people to learn to work for themselves
rather than be an employee.
And if he is in debt for over a billion, I doubt that he is personally liable.
Various business entities are involved and usually wealthy people
have their personal assets separate from business assets.
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Reminds me of a book I read.
It is called "Full Balls Empty Balls"
Written by GoBalls.
If you have full balls, your are in a negative.
If you have empty balls, you are in a positive.
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He’s actually one of my fav people I listen to/admire… and I believe he explains how/why debt can be used as an asset to benefit rather than to burden you, actually. Doubt he is having financial trouble lol
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Says the broad who spent her last nickle at Wynn's last night.
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Wynn? Naah. Butt buttz, almost any other casino you couldda had a 50/50 chance of being right 
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You called me a broad. Who r u lolol
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I'm Goofy
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| There are 14 comments on this blog. |
