The author who teaches people how to make money is already $1.2 billion in debt. Robert Kiyosaki, the author of the best-selling financial popular science book *Rich Dad Poor Dad*, admits that he is using property—taking out loans secured by mortgages—and then investing the borrowed money, repeatedly rolling leverage.
He says this is the rich-people way: using debt to leverage income-generating assets, rather than slowly saving cash to buy things. Currently, he and his friends have already accumulated 1,500 rental properties, and they are proud of it.
He says this is the rich-people way: using debt to leverage income-generating assets, rather than slowly saving cash to buy things. Currently, he and his friends have already accumulated 1,500 rental properties, and they are proud of it.
