Robert Kiyosaki, a best-selling author and seasoned investor, has a distinct philosophy on debt and investment. In a Nov. 30 Instagram reel, Kiyosaki elaborated on his debt philosophy, highlighting a critical distinction between assets and liabilities. He said many people use debt to buy liabilities, while he uses debt to purchase assets. To illustrate his approach, Kiyosaki said his luxury vehicles, like a Ferrari and a Rolls Royce, are fully paid off, categorizing them as liabilities rather th
    • SCB@lemmy.world
      11·
      6 months ago

      There’s no cap to how much USD can be made, so noatter how much you have saved, it can be diluted down to nothing with enough time

      This is a good thing, for many reasons.

        • SCB@lemmy.world
          1·
          6 months ago

          Yes it is, because it significantly encourages investment over saving, as one of the many benefits.