Kiyosaki, who built an empire on the idea of getting rich, now says he’s deeply in debt. Vanity Fair visits the author and friend of Trump at home in Arizona to understand the distance between the gospel of his books and his own bleeding balance sheet.
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This debt burden is not personal liability it is owed by a bunch of LLCs he is a shareholder in.
I think I read he is on the hook personally for about 60M.
Stated differently, he’s heavily short fiat.
Haven't read the book, does it actually show you how to do that? Ahah
I haven’t read it either
Don't bother, not worth it.
I wasn’t going to
No, it just says how to buy real estate and rent it out. Plus some nice ways of thinking about your personal finances
When you owe the bank a million dollars, that’s your problem.
When you owe the bank a billion dollars, that’s their problem.
lol, fuck, that's so funny.
Play with the big boys, get burned like the big boys. Classic story.