Mika
VIP Contributor
Robert Kiyosaki is one of the most influential personal gurus of our time. If you have read or listened to him talk, you will understand how you can use debt to build your wealth.
According to Robert Kiyosaki, a loan is a debt and you don’t pay tax on your debt. However, if you are working to make money, you end up paying a lot of taxes. Therefore, in order to build your wealth, you need passive cash flow, which can be built through a loan.
You can borrow money, and use your borrowed money to make an investment. When you are investing, you need to make sure your investment gives you cash flow. If you invested in the stock, you might not receive the cash flow, however, if you invested in real estate, you might receive cash flow as a rental income. Therefore, if you do not have funds for investment, you can borrow to invest. You can start investing even if you are already in debt because investment can provide you with a return in the long run.
According to Robert Kiyosaki, a loan is a debt and you don’t pay tax on your debt. However, if you are working to make money, you end up paying a lot of taxes. Therefore, in order to build your wealth, you need passive cash flow, which can be built through a loan.
You can borrow money, and use your borrowed money to make an investment. When you are investing, you need to make sure your investment gives you cash flow. If you invested in the stock, you might not receive the cash flow, however, if you invested in real estate, you might receive cash flow as a rental income. Therefore, if you do not have funds for investment, you can borrow to invest. You can start investing even if you are already in debt because investment can provide you with a return in the long run.
