The author of Rich Dad, Poor Dad is a billion in debt

Mondo Culture Updated on 2024-02-01

Robert Kiyosaki, the author of "Rich Dad Poor Dad," admits to being saddled with more than $1 billion in debt. Huge debts are a heavy burden for ordinary people, however, Kiyosaki has a rather arrogant attitude towards borrowing heavily from banks. In his mind, this is not a negative thing. He even said on social **: "If I go bankrupt, the bank will also go bankrupt".

Kiyosaki was born in 1947 as a Japanese-American businessman and founder of Rich Dad's Company, a financial education company. His money management series has sold more than 41 million copies worldwide. His attitude towards debt, while may seem incomprehensible to some, undoubtedly reflects his entrepreneurial spirit and unique view of wealth.

Rich Dad Poor Dad is a best-selling book written by Robert Kiyoki that shows the difference between the thinking and financial concepts of the rich and the poor by comparing the different views and values of money between the author's own biological father and the father of a friend. The book emphasizes the importance of financial education, advocating active investing and passive income creation to achieve financial freedom.

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