Become a Billionaire Using DEBT - Robert Kiyosaki

Robert Kiyosaki on how to make money, get rich and become a billionaire using debt. Robert Kiyosaki became famous from the Rich Dad, Poor Dad book.

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[curtisw]

Damn kiyosaki must be loving these interest rate hikes

[alvarodelcid]

If you get in debt use that money to buy assets with it that’s what he basically saying.

[alexandervailili]

Basically what this guy does is he borrows money buys property and lets the property pay interest plus a reserve in income for himself rinse and repeat endless debt yet endless income. But once a recession hits he is omegaly scuffed

[tvtothepoint]

Get in enough debt and you can become "too big to fail" and they will not stop lending to you out of fear that you will declare bankruptcy. But you won't get to that level until you have already taken on enough debt to destroy their balance sheets.
Borrow and build, and don't stop.. It's maddening for most people.

[lindensd]

It’s still a weird feel because it’s not really yours and you have that pressure.

[kondamervynrobinson]

He is right... Not everyone can handle debt 👍

[NSGTX]

Interest rates gonna spike past 15%... So for the average person, avoid debt. Or you gonna get your assets repo'd asap.

[kamarilanier]

Long Term value it's best to be debt free or always be able to If need be

[MateaAccount]

Education makes us rich. So understanding debt & taxes

[mikev]

His net worth is 100 million. So yes he is a billionaire as far as debt goes. He owns billions of dollars

[TheRPM]

So i took his advice and started using my credit card (Debt) but im still being charged sales tax . What the heck im using DEBT like he said . Hes wrong .

[Placebo]

Based rich Asian billionaire tellin it like it is

[johnparris]

U feel u need something 2 hold on 2 leave it alone

[kanaludziwolnychiwierzacyc]

Easy. When he borrows 1mil and he has to pay back 1.2mil it's 20%. When you earn 1mil total tax rate is like 50% and you're left with 0.5mil. When he pays back this 1.2mil for 20 years having 1mil right now to invest and get rich quick. Especially when he has 20 years to pay it back

[root.li.]

It’s just a coincidence. Those people are famous and rich now because we came to the end of a long long period of ultra low interest rates,

[ecopsych]

Well, there is a difference between debt to aquire capital assets that generate income and debt to buy a pair of Nikes and a Dodge Charger

[tigerstallion]

if he's so rich, why do I see him working all the time? oh, he has massive debt payments due every month, and cant retire to an quiet life even in his 60s

[jamesjaym]

Secretly he is making the bank rich.+ the Government. By putting debt on our head with all these vidios.. 😎 now who's smarter?

[tkkt]

His interest is going to cost more than the taxes.

[kobekeyboard]

Countries are rich because they are in dept to people