Reality is a Meme? Rich Dad Author Has a $1.2B Debt

Someone says reality is a meme. The most incredible things are always happening, and unrelated events leave people utterly astonished.

Robert Kiyosaki, author of 'Rich Dad, Poor Dad,' a renowned finance expert, recently reveales he has over $1.2 billion in debt.

A wallstreetbet user commented that:

  • $0 Debt - Poor, homeless

  • $300k Debt - Middle class with mortgage loans

  • $1.2 Billion Debt - Extremely wealthy

  • $30 Trillion Debt - Wealthiest country in Earth’s History

The new US election result also surprises investors.

Shares of $Digital World Acquisition Corp(DWAC)$ rose over 20% following Trump's victory in the first Republican contest in Iowa for 2024 presidential race.

On the other hand, China stocks plunged on Trump’s win.

Do you agree that reality is a meme?

Are you a “poor” based on the above standard?

Leave your comments and also post to win tiger coins~~~

# Reality is a Meme?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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  • koolgal
    ·2024-01-18
    TOP

    🌟🌟🌟马克吐温有句谚语:“真实比小说更奇怪,但这是因为小说必须坚持可能性,而真实不是。”

    我想知道为什么《富爸爸穷爸爸》的罗伯特·亭崎会透露他有12亿美元的债务?这是一个巨大的数额。事实是,他想让世界知道,他在利用别人的钱赚更多的钱。

    有好债和坏账。好债就像银行贷款的房子,可以随着时间的推移而升值。坏账就像买了一辆汽车,它是一种贬值的资产,不会随着时间的推移而增值。

    但他的声明“因为如果我破产,银行也会破产”。这听起来像是一个非常不负责任的声明。但现实是,在生活中,我们做任何事都必须冒险。当我们投资股票市场时,我们冒着股票可能破产的风险,但更有可能的是,如果我们做出正确的选择,它们将随着复利的魔力继续呈指数增长。

    现实是一种迷因,因为我们认为是虚构的东西可能终究是现实。不同的人有不同的看法,这就是为什么这个世界是如此神奇的地方。

    @Tiger_comments @TigerStars @TigerClub @TigerPicks @MillionaireTiger @CaptainTiger @Tiger_SG

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    • dong123
      🔥·🙌难以置信的洞察力!
      2024-01-22
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    • mizzmo
      😍真知灼见!令人兴奋!🌟
      2024-01-22
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    • koolgalReplying toHappy Bear
      祝你好运🍀🍀🍀·🌈🌈🌈
      2024-01-19
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  • icycrystal
    ·2024-01-18
    TOP
    hmmm... isn't it a contradict... [Thinking] [Thinking] [Thinking]

    these so call "guru" giving financial advice is having such a huge debts... [OMG] [OMG] [OMG] is this some kind of rich people thing where it's a norm to have huge debts [Thinking] [Thinking] [Thinking]

    makes me think twice if this is the definition of being rich...

    cuz i ain't gonna have this kinda debts... [What] [What] [What]

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    • Shyon
      Thanks for tag
      2024-01-18
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    • koolgal
      Thanks for sharing 😍😍😍
      2024-01-18
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    • Universe宇宙Replying toicycrystal
      [ShakeHands]
      2024-01-18
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  • ZhongRenChun
    ·2024-01-18
    TOP
    well this is very misleading because you didn't mention his assets. what if he has 10 billion dollars in assets? then a 1 billion debt is nothing. so you have to look at the whole picture not just take the debt out of context.
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    • Tiger_comments
      Thank u so much for pointing this out. I missed part of information and add context on it!
      2024-01-18
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  • Universe宇宙
    ·2024-01-18
    TOP
    Life is like a joke.

    When u buy stock, the stock price drop. When u sell stock, the stock price goes up.

    Everyday, people raid for money. At the end of their life, they cannot take the money to their next life. 

    This is so hilarious!

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  • Universe宇宙
    ·2024-01-18
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  • Shyon
    ·2024-01-18
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    Currently, I do not have any debt on hand. I also don't know whether this is a good or bad things. Having debts doesn't mean you are poor or financially bad, just that you might invest your money elsewhere. Don't forget that rich people are usually full of debts! Do you agree with me? haha! Come and leave your comments guys @GoodLife99 @Aqa @Universe宇宙 @b1uesky @icycrystal @rL @koolgal
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  • Zarkness
    ·2024-01-18
    Its somehow true in sense of “ uncommon sense” . I seen many many rich ppl living in big houses and own 10 over cars but in huge debts and continued to live lavishly.
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  • Tiger_comments
    ·2024-02-02

    @爱上投资学

    @dong123

    @WanEH

    @PUSHo

    @highhand

    @hh488

    @DiAngel

    @nomadic m

    @hd87

    @TimothyX

    @Happy Bear

    @Alubin

    @andrew123

    @Zarkness

    @財運到財源滾滾到

    @ZhongRenChun

    @ZEROHERO

    @Universe宇宙

    @Mrzorro

    @Shyon

    @bernardtayet

    @icycrystal

    @Aqa

    @Bonta

    @koolgal

    Thank you for commenting on my post. Your coins have been sent to your account~ Don't forget to check your tiger coins💖

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  • 見仁見智 Different people have different views from different positions or perspectives. This is a general statement, before Doctor give you prescription, he/she ask you, so actually you know yourself better than others.
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  • TimothyX
    ·2024-01-18
    有人說現實是一種迷因。最不可思議的事情總是在發生,不相關的事情會讓人大吃一驚。


    著名金融專家、《富爸爸,窮爸爸》一書的作者羅伯特·清崎(Robert Kiyosaki)最近透露,他的債務超過12億美元。
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  • Aqa
    ·2024-01-18
    Reality is really a Meme. The author of ‘Rich Dad, Poor Dad’, Robert Kiyosaki, is again way ahead of us. He shows the concept of “using debt to get rich”. He uses the idea of leveraging borrowed money, such as through real estate investments or starting a business, in order to generste income and build wealth. He shows debt recycling cam be an effective strategy to accumulate wealth over time. And most of all, he lives a rich lifestyle.
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  • Bonta
    ·2024-01-18
    There’s similarity btw robert & trump. Both aren’t the most truthful of people. Robert painted rich dad poor dad, as his own personal life experience. However, it has been found out that his so called life experience is faked so that he can flesh out his book for sales. There’s truth to the content in his financial advice, but have to take it with many pinches of salt. As his statement indicated, he doesn’t take responsibility for his actions or for people who follow him blindly, same like trump. Trump got caught inflating his property value to get benefits, y can’t robert do the same. He didnt state how exactly he derive the 1.2b debt. Is the figure inflated? Anyone can verify his figures? Is the debt spread over multiple businesses? He didnt state tt its personal debt. Corporate debt treatment is diff from personal debt. Tt’s y rich get richer cos they play the game. While poor get poorer, cos they are eaten up by the game. Either we learn to play the game, or we get played.
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  • ZEROHERO
    ·2024-01-18
    Make all you can, save all you can, give all you can. The wicked borrows but does not pay back, but the righteous is generous and gives. It’s more important to uphold love and compassion above greed and wealth cos there will be payback time.
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  • bernardtayet
    ·2024-01-18
    It is perfectly fine to be in debt. There is a distinction between good debt and bad debt. Bad debts cause miseries in life as they cannot generate profitable returns. Good debts gave you generous profitable returns more than the money you owed. Of course there are risks to be in debts. Good debts can become bad debts and cause you unforseen miseries including bankruptcy, be it individual or businesses.
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  • Mrzorro
    ·2024-01-18
    I totally agree that reality is a meme. I think I am really poor in the above standard. I am not surprised that Robert Kiyasaki has over 1.2 billion in debt because nowadays, rich people always take loans or use future money. Even the new generation now always use up all the limit of their credit card, not to mention monthly zero saving.
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  • DiAngel
    ·2024-01-18
    I m “Poor” based on wallstreetbet user as i have $0 debt. Fully paid my house.
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  • andrew123
    ·2024-01-18
    base on definition Iam very poor my whole life cos I don't have any debt. I was brought up to learn to save n spend within my means.
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  • WanEH
    ·2024-01-19
    确实要把他拥有的资产披露出来才能做比较。不然这样没什么意义。
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  • Alubin
    ·2024-01-18
    Hmm might be possible assuming you are treating debt well. Aka using it to generate more income than the interest incurred.
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  • WanEH
    ·2024-01-19
    不过可以达到12亿的债务,想必他也是很有钱和资产。
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