Robert Kiyosaki, a best-selling author and seasoned investor, has a distinct philosophy on debt and investment. In a Nov. 30 Instagram reel, Kiyosaki elaborated on his debt philosophy, highlighting a critical distinction between assets and liabilities. He said many people use debt to buy liabilities, while he uses debt to purchase assets. To illustrate his approach, Kiyosaki said his luxury vehicles, like a Ferrari and a Rolls Royce, are fully paid off, categorizing them as liabilities rather th
  • FunkyMonk@kbin.social
    0·
    10 months ago

    Thank you, I always assumed it was more capitalism pearl clutching and to know it’s another ‘get a mortgage’ flip answered all my questions.

    • fine_sandy_bottom@lemmy.dbzer0.com
      0·
      10 months ago

      Yeah it’s the common sense stuff we all know to be true. “Save and invest your money! Compound interest magic! Investments increase in value!”

      IIRC he makes a case for ripping off his employees. Justification is that if he have them more money they would just waste it, but he will invest it.