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'Rich Dad, Poor Dad' author Robert Kiyosaki reveals he's $1B in debt

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Re: 'Rich Dad, Poor Dad' author Robert Kiyosaki reveals he's $1B in debt

#91
post #20

Earlier quoted context omitted.

His debt doesn't fund consumption, it funds real estate, which he rents or sells for a profit. He's not advocating to go into debt for a lush Bahamas vacation. The value of long-term debt to fund real assets is that inflation corrodes the debt value, while boosting the asset value. Even if the asset doesn't appreciate above the inflation (meaning you do nothing all day), you can still make money if interest is lower…

I dunno if you rent, but the state of rental markets because of people like this is the definition of parasitic behavior.

He probably doesn't considering that the majority of americans don't rent. US home ownership rate is 66%.

Also you seem to have cause and effect backwards. When people like him buy new homes and put them on the market, rent goes down because there are now more landlords competing on price.

Re: 'Rich Dad, Poor Dad' author Robert Kiyosaki reveals he's $1B in debt

#92

Earlier quoted context omitted.

Good sarcasm :) I don't know who you are and how much you make. The first thing I do when I get paid is "pay my future self". Believe it or not, food comes second. The order of business is 1) Invest, 2) Save, 3) Spend. Never the other way around. I follow a mix of "7 accounts.." ( https://www.youtube.com/watch?v=auzLhKvsxnQ ), Intelligent Investor (for investments - mostly VOO or VOOG with some SOXX). I perhaps save…

You say every 3 years like that's a long time. Is this more sarcasm?

Sorry for the delayed response. No, no sarcasm. My current phone is an Oppo, 8+8GB RAM, 256GB storage, and "ok" CPU/GPU.

I've removed the bloatware, using NoRoot Firewall and keep most apps NOT running in background.

The main usage is Signal, Spotify, Netflix, Firefox. I don't need to upgrade it to a faster CPU/GPU/RAM any time soon, so why should I? I got a good case for it, so it survives the falls/drops.

I genuinely don't see a reason to upgrade. Plus, when I DO change a phone I need to spend 2-3-4 days to reinstall apps, copy songs/ringtones/PDFs, remove bloatware, change settings on apps/battery/etc. I don't just boot and run with it.

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