Robert Kiyosaki knows the objection to his debt advice, and in a Rich Dad Radio Show episode posted earlier this month, he raised it himself. "They say, 'Sure, Robert, that's easy for you. You're already rich.' Fine," he said. "Kim and I own a 58-foot sailboat, and we own a jet. Most people would call that proof. Rich guys' toys. The two worst financial decisions you can make. And for them, they'd be right." Then came the turn: "That sailboat and that jet, who pays for them? Because it isn't Kim, and it isn't me."
His answer is that the toys are businesses. "Our boat is in a charter business. Tourists rent it, and the tourists pay for the debt, the insurance, the upkeep, the slip. We make money every month, and Kim and I use the boat when we please," he said. “Same with a jet. When I'm not flying it, I rent it out. Charter. Other people pay to fly, and their money pays for the jet. Same toys, different direction.”
