From Dow Jones & Company:

Best-selling personal finance author Robert Kiyosaki admits to being over $1 billion in debt, but contends it is not a problem for him, as he has invested that money into assets rather than liabilities, such as cars. He has defended his strategy, advocating for the use of “good debt” to invest in income-generating assets, while cautioning against “bad debt” used for non-income producing expenses. Kiyosaki has expressed his distinctive views on wealth, embracing entrepreneurship, passive income, and alternative investments, while also predicting an impending market crisis. His company has faced controversy and criticism in the past.



Read more: Best-selling personal finance author says he’s more than $1 billion in debt