Robert Kiyosaki, author of Rich Dad Poor Dad, is now testing out a new take on money as he’s now $1Billion in debt Dad. Now he says this debt is “good” because it’s in stuff like precious metals which he thinks are more stable in value than the US dollars he spent to get there.
To get a good handle on how off base Kiyosaki is with his financial advice this podcast episode is a good start.
Oh he also espouses right-wing conspiracy theories, and his company declared bankruptcy in 2012. Oh, and his previous company declared bankruptcy.
Now, you could learn a bunch from a bankruptcy and have advice to give people about to build wealth, but I don’t think Kiyosaki is the person you should be listening to.