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Renowned financial guru and "Rich Dad Poor Dad" author, Robert Kiyosaki, recently Acknowledge a surprising financial revelation. Despite carrying a debt exceeding $1.2 billion, Kiyosaki views it as a strategic element in his financial game plan. In a candid Instagram reel, he stressed the importance of distinguishing between assets and liabilities.
Kiyosaki's philosophy revolves around prioritizing assets over liabilities, setting him apart from those accumulating debt for depreciating items. Notably, he highlighted that his luxury vehicles, while paid off, are categorized as liabilities.
In an unconventional twist, Kiyosaki is skeptical about holding cash and prefers gold as a store of value. Despite the staggering debt, he remains confident that his asset-centric approach makes it a manageable aspect of his diverse financial portfolio. This revelation challenges traditional financial norms, prompting a reconsideration of what constitutes sound financial strategy in Kiyosaki's unconventional but calculated perspective.