Kiyosaki, author of the book 'Rich Dad, Poor Dad', told the way to make money from debt, said - debt is the real money

Generally, in our traditional society, debt is considered bad and people often avoid taking loans if it is not very necessary, but famous writer Robert Kiyosaki does not believe so. Robert Kiyosaki, author of the famous book Rich Dad, Poor Dad and Entrepreneur, recently revealed during a podcast that he has a debt of more than one billion dollars, but he is not at all bothered by it, rather he made money from this debt. Is.

In the podcast, Robert Kiyosaki explained his philosophy regarding debt, there is a big difference between assets and liabilities and only the person who understands this difference learns to earn money. Giving an example, Kiyosaki said that if he buys an expensive car like a Ferrari or a Rolls Royce by taking a loan then it is wrong because these are liabilities and their value depreciates over time. It is noteworthy that assets or properties are those things which will provide financial benefits in future. Liabilities are those things which will become a burden on your pocket in future. As Kiyoski points out, expensive cars are liabilities and real estate investments are assets.

Kiyosaki makes another shocking revelation in the video. Kiyosaki explains that he does not save cash but instead saves in gold and silver. Kiyosaki says that I have a debt of a billion dollars because debt is money. He said that good debt makes money and bad debt reduces your earnings. He said that people should take loans and invest, especially in real estate.