Robert Kiyosaki, the writer of 'Rich Dad Poor Dad', says his massive $1.2 billion debt is part of his plan to use leverage for purchasing assets that generate income. This debt is reportedly connected to roughly 1,500 apartment units he holds with partners via LLCs. Kiyosaki refers to this as "good debt," explaining that he borrows against the equity of his properties to buy additional investments. On the other hand, skeptics caution that relying on such high leverage creates significant risks for cash flow.

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