From Fortune Magazine:

Robert Kiyosaki, author of Rich Dad, Poor Dad, has over a billion dollars in debt and believes cash is not king. Debt is used to buy assets like gold, not liabilities. Kiyosaki also warns of upcoming inflation, stock market crashes, and banking crises.

Kiyosaki believes living debt-free is terrible advice, and debt can be used to buy assets rather than liabilities. He warns of an upcoming banking crisis that will make owning gold and silver valuable. He encourages leveraging debt to buy assets.

Kiyosaki does make it clear that not all debt is good. It is fine to use debt to buy assets but not to buy materialistic items that won’t pay off. His advice has recently inspired Love is Blind star Nancy Rodriguez to clear bad debt and invest in real estate.

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