Vlad Asks Robert Kiyosaki if He's $600M in Debt, He Replies 'No, I'm $1.2 Billion in Debt' (Part 14)

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In this clip, Robert Kiyosaki reveals to DJ Vlad that he's $1.2 billion in debt before explaining the meaning of "Appreciation Depreciation and Amortization." As the conversation moves along, Kiyosaki explains why he's converted a portion of money to gold and silver. Lastly, Kiyosaki tells DJ Vlad why he prefers gold over stocks, before sending a less than flattering message to Warren Buffett about his theory on the stocks.

[stphnmaths]

An old man once told me "You owe the bank a little money, they own you. You owe the bank a lot of money, you own them"

[cjgood]

The man literally said “for the average person debt is bad”. Don’t try this if your not rich already. 😂😂😂

[HeartlessWon]

To even have the chance to be $1.2 billion in debt would be a blessing

[traedawg]

We living in the times where being 1.2 billion in debt is a flex.

[susannnico]

The most important thing that should be on everyone's mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies.

[dbwilly]

“You have 6, 000 properties?” “No I have 12, 000 properties.”

“You’re 600 million in debt?” “No I’m 1.2 Billion in debt.”

Bros doubling everything he’s asked about.

[UncleSwell]

That smile after he says “$1.2 billion” was epic!

[mrmortgage]

Huge corporations play the debt game all the time. Sometimes these corporation leaders make enough bad decisions with assets and borrowing and end up bankrupting the company.

[Sean]

Your net worth represents how much wealth you have, measured by assets like a house, cars, 401(k), jewelry or cash in the bank, minus the debt obligations you have, or what you owe.

[DAILYBANTERR]

Bro is the walking embodiment of fractional banking.

[SteveSnowGO]

Sounds so confusing yet it makes so much sense at the same time 😂

[Jay-vvmq]

If you owe one million dollars, it's your problem, If you owe them 10 million dollars its their problem🎯🎯🎯

[-pLoU.]

Rich dad poor dad changed how I look at money for life. This man is the truth.

[xDTHECHEMISTx]

Wow this was interesting 🤔 I wish I had him as a teacher In economics class. I'd be very well off money wise by now

[dr.pharma]

This guy is the reason I have a business today.

[LBmustwin]

I definitely understand his logic. We buy a house an as good as an idea we think it is, its not an asset at all while were paying the mortgage.

[paleamigo]

Great point by Robert. I've heard him say this a million times and it finally clicked. With money being off the gold standard it becomes debt. The average citizen is trained to avoid debt which in actuality is money if you know how to use it correctly. You are keeping yourself poor by avoiding the very thing you want you just have to change the way you think about it.

[tonymack]

1.2billion in debt. He won they ain’t never getting that money back😂

[semajhutchins]

I figured he was in debt when I saw that he was doing Vlad interviews…shit was too coincidental lol

[lightskinnedbrother]

But it’s debt he’s making money from so I’m sure he’s good