Robert Kiyosaki: Robert Kiyosaki, author of Rich Dad, Purdad, made an interesting comment on an Instagram reel. In that he told the difference between assets and liabilities.
Rich Dad Poor Dad author | Internetdesk: Many people are familiar with the book 'Rich Dad.. Poor Dad' written by Robert Kiyosaki. This book is very popular because of the importance of financial literacy, financial freedom, investment benefits, investment in real estate, business etc. It also got a place in the list of best selling books. But this seasoned investor is currently in debt. He revealed this himself.
Kiyosaki recently posted a reel on Instagram. It talked about the difference between loans and assets. “Many people take loans to buy luxury goods. It is debt. I take loans and buy properties. Luxury vehicles like Ferraris and Rolls Royals are only loans. They are not assets,'' said Kiyosaki. Kiyosaki said that he never saves his earnings in cash. He said that he will change the amount in the form of silver and gold. He said that the debt he incurred as part of his investments reached 1.2 billion dollars. He said that his debt is his property.
విద్యుత్ వాహనాలకు సబ్సిడీ.. మహిళలకు అదనపు రాయితీ!
Kiyosaki divided the loans into good and bad. Good credit creates wealth. He said that taking loans and investing in real estate and doing business all come under good loans. Investing in real estate is best to counter market fluctuations, he said. He believes that investing in silver and gold is better than investing in money. Released in 1997, the book 'Rich Dad, Poor Dad' has sold over 40 million copies.
