3 pointsby wslh5 hours ago2 comments

rasengan5 hours ago
Depends what interest, contingencies and on other information to understand if 1.2B debt is a problem or not. Otherwise, for most UHNW people, debt is just a number on a balance sheet.
- perrygeo5 hours ago
  What's ironic is that the book goes to great lengths to explain this. The entire point of the book is: use leverage to grow assets.
  The alternative, not taking debt and using income to directly pay expenses, is literally called out as the "cash flow pattern of a poor person"!
  Agree with his financial strategy or not, it's very clear that accumulating debt was part of the plan, not some failing of the plan.
- drop_star5 hours ago
  The "debt" are the mortgages on multiple properties from the real-estate investing firm he's part of.
  No need for concern he's still very wealthy.
- PaulHoule5 hours ago
  I can't picture people being "shocked" by this. Kiyosaki always said you should be aggressive about using leverage.
paulpauper5 hours ago
this is misleading. it's debt like a mortgage, not as in that he is literally broke.