Rich Dad, Poor Dad author Robert Kiyosaki acknowledges he is $1.2 billion in debt: 'If I go bust, the bank goes bust'

Robert Kiyosaki, author of Rich Dad, Poor Dad, shares his unique philosophy on debt and investment. He uses debt to pay for assets, categorizing luxury vehicles as liabilities. He also advocates for saving gold instead of cash and has amassed a debt of $1.2 billion.