🚀 Medial just raised $500k in Pre-Series A. Tap to read the announcement. 🎉

Download App

Home

Switch theme

Blog . Feedback . Privacy
Community Guidelines

Back to feeds

Tarun Suthar
•

The Institute of Chartered Accountants of India • 10m

Have you read the book "Rich Dad, Poor Dad" written by "Robert Kiyosaki" . he is a genius. He admitted to having more than $1.2 billion in debt 🤯. you might have watched his yt Shorts claiming that. He views this debt as a strategic move and a part of his financial philosophy, which differentiates between assets and liabilities. he uses debt to purchase assets rather than liabilities. Kiyosaki categorizes debt into good debt and bad debt, with good debt being that which helps build wealth, such as loans used for acquiring income-generating assets like real estate, businesses, or investments. Middle class man buys loan for the liabilities like purchasing a home or a car. but he takes loan to buy assets eg. a real estate and income from that is used to pay for the interest. Next post will be on how to take decision while buying an assets and some calculation. as a CA student its helps a lot.

8 replies19 likes

Replies (8)

Anonymous 2

Stealth • 10m

Bad debt is also the most common with people having no financial literacy !

1 replies1 like

ReepinderGoyal

Stealth • 10m

🥰🙏✨

3 replies1 like

Anonymous 1

Stealth • 10m

Good post 😊

1 replies1 like

Recommendations from Medial

Sairaj Kadam

Stealth • 6m

I recently posted about debt financing and got some interesting responses. I want to dig a bit deeper into this topic. For those new to startups or even those with some experience, how do you feel about using debt financing? Robert Kiyosaki, from "R

3 replies12 likes

Mridul Das

Stealth • 16d

Wealth isn’t just about how much you make. It’s about how much you keep. Most people don’t have an income problem. They have a spending problem. Ego buys liabilities. Humility builds assets. Choose wisely.

4 replies11 likes

Sairaj Kadam

Stealth • 2m

Kiyosaki’s Bold Bitcoin Predictions: Did They Hit the Mark? Robert Kiyosaki, author of Rich Dad Poor Dad and a well-known financial commentator, made waves with his ambitious Bitcoin predictions throughout 2024. While some of his forecasts remain un

13 replies10 likes

Bharat Yadav

Stealth • 1m

Key Financial Considerations for Medical Professionals 1 . Debt Management: Strategize student loan repayment, credit cards, and personal loans. 2. Retirement Planning: Maximize tax-advantaged accounts (401(k), IRA). 3. Investments: Diversify portfol

0 replies4 likes

financialnews

Stealth • 2m

"8 Powerful Assets to Help You Achieve Financial Freedom and Quit Your Job" Robert Kiyosaki's 8 Essential Assets to Achieve Financial Freedom Robert Kiyosaki, author of the bestselling book Rich Dad Poor Dad, is known for his unique approach to per

3 replies2 likes

Anonymous

Stealth • 3m

is Robert kiyosaki startegy possible in india or not as indian real estate yields are very low and you can not have a positive cashflow here .....

7 replies4 likes

Suman Meghwal

Stealth • 1m

Aman was raised listening to his father say, “Work hard in school, find employment, and save for a home.” He adhered to this suggestion, putting in 9-to-5 hours, while his friend Arjun enjoyed a more liberated lifestyle. One day, Aman inquired, “Wh

0 replies

Mahendra Lochhab

Stealth • 6m

HOW GOVERNMENT OF INDIA EARNS ITS 100 RUPEES Based on Earnings from different departments ₹27 - Borrowings & other liabilities ₹19 - Income Tax ₹18 - GST & Other Taxes ₹17 - Corporate Tax ₹9 - Non-Tax Receipts ₹5 - Union Excise Duties ₹4 - Cus

0 replies8 likes

mg

Stealth • 1d

"Indians spend more than 33% of their income on loan EMIs, According to a study"

1 replies7 likes

Ambuj Singh

Stealth • 3m

Why the Rich Stay Rich 💰 💼 Invest in assets, not just income. 📈 Leverage debt smartly. 📊 Review finances daily. 📚 Never stop learning and adapting. 💡 Diversify with multiple income streams. 🎯 Set clear financial goals and plans. Wealth isn't