Robert Kiyosaki states that debt is the way he gets rich. He emphasizes acquiring as much debt as possible and not paying taxes, focusing on cash flow rather than capital gains.
This video features Robert Kiyosaki discussing his differing investment philosophy compared to Warren Buffett. Kiyosaki critiques Buffett's advice for the average person, particularly regarding leverage and traditional investments like stocks and 401(k)s. He advocates for alternative investments like real estate and oil, emphasizing cash flow and the strategic use of debt, while also touching on the importance of finding a niche and learning from mistakes.
Robert Kiyosaki prefers investments in real estate, oil, gold, silver, Bitcoin, and Ethereum. He favors these over traditional stock market investments like index funds or ETFs because he believes they offer better cash flow, allow for strategic use of debt, and provide opportunities for tax advantages, such as depletion allowances on oil wells. He views index funds and ETFs as "for losers" because they are not exciting and require less active engagement, which he contrasts with his preference for actively managing or investing in assets that generate significant cash flow and leverage.
Robert Kiyosaki considers 401(k)s and index funds to be undesirable for those seeking significant wealth. He states that a 401(k) requires no intelligence and is a "waste of time." He refers to investing in index funds or ETFs that track the market as being "for losers," although he acknowledges that they can be suitable for those who are content with that status. His primary reasoning is that these investment vehicles do not generate the substantial cash flow or leverage opportunities that he believes are necessary for rapid wealth accumulation.