Robert Kiyosaki, the best-selling author of “ Rich Dad, Poor Dad,” has more than $1 billion in debt — and he’s not worried at all.
In a post on his Instagram , Kiyosaki said he leverages himself to buy assets that will appreciate more than the interest rate charged for the loan, such as real estate, bitcoin and gold.
“If I fail, the bank fails. So it’s not my problem,” said Kiyosaki, whose company, Rich Global LLC, filed for bankruptcy protection in 2012.
The writer states that he does not use debt to buy luxury items, such as the Ferrari and the Rolls-Royce he drives: “these are 100% paid for”.
According to Kiyosaki, it is exactly this concern about the fate of the loan that defines whether a debt is good or bad. “I was taught to use debt like money,” he said, who never had to deal with a 14% Selic.
The writer also advocated that people stop investing in dollars and focus only on gold, silver and bitcoin.
In a recent interview with the Disruptors podcast, Kiyosaki said he no longer believes in the dollar and, more than that, that the American currency is “close to its end”.
A voracious supporter of Donald Trump (with whom he has already written a book), Kiyosaki has positioned himself increasingly to the right and says that the USA is on the verge of collapse.
“We are at the end of an era, we are at the end of the dollar. All empires fall at some point and we are seeing that in the United States,” she said.
In a message on X (formerly Twitter) in December, he called President Joe Biden, Treasury Secretary Janet Yellen and Fed Chairman Jerome Powell “the three stooges.”
In the podcast interview, the writer said that American teachers are oppressing the population with “communist” ideas such as diversity, equality and the ESG agenda.
“Teachers don’t teach anything about money. They teach about ESG, which is Marxism. They are communists,” she said.
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