For the average Joe, being over in serious debt can feel like a crushing burden—but not for Rich Dad, Poor Dad author Robert Kiyosaki. The finance guru has a rather blasé attitude towards borrowing large amounts from the banks and recently boasted about having over $1 billion in debt hanging over his head.
“I use debt as money and I don’t save cash because in 1971 the dollar became debt,” he added, referring to the Nixon shock, where the former president ended the convertibility of the US dollar into gold, devalued the currency, and ultimately, led to the rise of cryptocurrencies.
