Robert Kiyosaki, a best-selling author and seasoned investor, has a distinct philosophy on debt and investment. In a Nov. 30 Instagram reel, Kiyosaki elaborated on his debt philosophy, highlighting a critical distinction between assets and liabilities. He said many people use debt to buy liabilities, while he uses debt to purchase assets. To illustrate his approach, Kiyosaki said his luxury vehicles, like a Ferrari and a Rolls Royce, are fully paid off, categorizing them as liabilities rather th
You say that, but Deutsche Bank and others have been very happy to loan Trump money over the years and they must know he won’t pay it back.
… but Deutsche Bank and others have been very happy to launder payments from Russian mobsters via unpaid loans …
FTFY
Tell me you have no idea what’s actually going on without saying you have no idea what’s actually going on…
Please do educate me.
RestrictedAccount already did, kiddo.
Kiddo? What an asinine way to reply to someone.
He was committing fraud. That’s why Deutsche Bank no longer does business with the Trump organization.
No that’s because the fraud got discovered. Else they would still do business with Trump. They were likely giving Trump Russian money as “loans”.
They likely make him pledge something as collateral. I doubt they’re just giving him unsecured loans just for fun
Some of those loans are predicated on extremely inflated business dealings. For example, in the NY fraud trial, the collateral was Trump’s properties. Some of those loans, as already mentioned, were also straight up bribes.
also its extremely unlikely this guy is going to be somebody that people want to bribe. Remember, mortgages count against networth, so this guy isn’t that rich.