Robert Kiyosaki built his reputation teaching readers that the wealthy approach money differently. Now, the Rich Dad Poor Dad author says he is part of a group carrying roughly $1.2B in real estate debt and argues that the borrowing is intentional.
However, there is a major catch. The headline-grabbing figure does not mean Kiyosaki personally owes $1.2B. The 79-year-old repeatedly cites the figure to illustrate his belief that debt can be valuable when used to buy income-generating assets. He has also cautioned that people should not simply copy his approach and said they should educate themselves before using debt.
