Donald Trump And 'Rich Dad Poor Dad' Author Robert Kiyosaki Teamed Up To Write A Book And Make Financial ... - Yahoo Finance

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Robert Kiyosaki, widely known for his groundbreaking book “Rich Dad Poor Dad,” also co-authored a less-known but equally significant book with former President Donald Trump. The book, titled “Why We Want You To Be Rich: Two Men One Message,” delves into the importance of financial education and strategic investment, particularly in real estate.

Kiyosaki’s fame primarily stems from his unique financial advice in “Rich Dad Poor Dad,” which challenged traditional views on money and investment. However, his collaboration with Trump in 2006 brought another dimension to his financial perspectives. Their joint book underscores the urgency of understanding economic trends, especially for the middle class in America.

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In a December Instagram reel, Kiyosaki disclosed that he is $1.2 billion in debt, a statement that might shock the average person but aligns perfectly with the investment philosophy he advocates. He said, "I'm a billion two in debt. I use debt as money and I don't save cash. If I go bust, the bank goes bust. Not my problem." This approach reflects an understanding of leveraging debt as a strategic asset rather than a liability.

Trump and Kiyosaki’s book emphasizes the power of real estate investment. Kiyosaki, a staunch advocate of real estate, said in a 2009 YouTube video alongside Trump, “Donald and I love real estate. I think it’s the best thing going. Better than sliced bread.” This statement encapsulates their shared belief in the potential of real estate as a crucial wealth-building tool.

Their message is clear: Conventional wisdom on assets and liabilities needs reevaluation, especially in a fluctuating economy. Kiyosaki’s philosophy, as seen in his financial strategies, advocates for using debt to purchase assets, not liabilities, and emphasizes the importance of diversifying investments into tangible assets like gold, silver and Bitcoin.

The collaboration between these two financial powerhouses is not just about promoting real estate investment but about advocating for a more nuanced understanding of debt and financial literacy. The book aims to inspire and educate, particularly the middle class, to take charge of their financial future.

While “Rich Dad Poor Dad” put Kiyosaki on the map, his partnership with Trump in “Why We Want You To Be Rich” offers a broader view of his financial philosophy. It’s a perspective that is relevant in today’s economic landscape, emphasizing the importance of financial education and strategic investment in an ever-changing world.