Robert Kiyosaki argues that debt became the foundation of wealth after the U.S. left the gold standard in 1971, and that leveraging it through real estate can generate massive cash flow. His portfolio of 15,000 rental units produces roughly $200 per month each. Paired with skills like sales and capital-raising, debt becomes a tool that compounds faster than traditional investing.
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Get a job, work hard, get out of debt, and invest in a well-diversified portfolio of stocks, bonds, mutual funds, and ETFs. That's a poor person's teacher, probably their mother or their father or their financial planner. I'm not saying it's wrong. You know, if you can't manage debt, live debt-free. Opposite side of that is learn to handle debt, because in 1971, when Nixon took the dollar off the gold standard, the US dollar became debt. So that's why my rich dad said, you better take a course on real estate, learn how to raise capital, learn how to talk to your banker about getting debt, and then I used the real estate to provide cash flow. So today I own 15,000 rental properties. Every month, let's say they pay me $200 a month. 15,000 times $200. I was not good at math, but that's more than what school teachers make.
Definitely more than what school teachers make. 15,000 units at $200 a month. You have to learn how to use debt. Now, debt can take you down if you're irresponsible with it. But if you are responsible with it, debt can be your greatest leverage in life. Because just like Robert said, the dollar became debt when we came off of the gold standard in 1971. When Nixon took us off the gold standard. So when you invest in yourself, invest in assets, learn how to public speak, learn sales, learn capital raising, all of the principles from Robert Kiyosaki, that will pay you compounding returns over the rest of your life versus the go to school, get a job, work hard, and invest in your 401 in stocks, bonds, mutual funds, and ETFs.