Comment on Rich Dad Poor Dad author shocks fans with $1.2B debtparentComments−perrygeo8dWhat'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.
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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.