BriefTea
Every story in sixty words
Explained in plain English
In finance, 'good debt' is often seen as money borrowed to acquire assets that are expected to increase in value or generate income, like property. Kiyosaki's strategy of borrowing against rising property values, rather than paying cash, is an example of using debt to potentially grow wealth, as explained in the story.
Stories that explain this
Rich Dad Poor Dad author has $1.2 billion in real estate debtRelated explainers
Is loan money tax-free? How do property partnerships work? Who is Robert Kiyosaki? How does debt affect my wallet? Debt vs. GDP: What's the link? What are 'dual-use goods'? Why is fidgeting good? What foods are good for the brain?The full catalogue
Browse every card filed under G →