Buy, Borrow, Die
Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business
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Warren Buffett and Rich Dad Poor Dad, Rule Number Two, Buy Assets
Kiyosaki: Rule number one, buy assets. When you have an asset and that asset goes up in value, you don't pay tax on that. And then if you need wealth to live on, because it's hard to eat unrealized appreciation, you're gonna borrow. That is a strategy that allows Warren Buffett,. and people like Warren Buffett, and the entrepreneurs that Tom advises to pay almost nothing. But it is also available to a more middle class or upper middle class audience.
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