RE: HOW DEBT CAN GENERATE INCOME
I respect Robert for teaching the new generation on how to deal with money and wealth. But regards to real estate investing, its a model that is very difficult to start. You need to have A LOT of money, to start buying houses, and banks just don´t give that kind of money to a regular person. Kiyosaki teaches valuable things, kudos to that, but it is still the "slowlane" approach, getting rich at old age. Too late to really enjoy life, when you are old and sick, if even alive? Not to mention that lots of people start buying houses just for the sake of making money, anyone remembers the housing crash? His strategy is probably one of the culprits for the situation, masses following his ideas. Also its a strategy that wastes lots of earths resources, so not good for our environment. Book I would recommend reading is Millionare Fastlane by MJ De Marco. I found his approach better and leaner, also its a more varied approach, not just real estate. Its to build a business, a system or service that can generate significant income quickly, not in 30 years but possibly in 3 or 5! Best
Wololo!
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