I'm $1.2 Billion in Debt, Here's What Banks Are Hiding About Money

Details

Description

In this video I share why understanding and using debt strategically can be the ultimate financial game changer. This isn’t about reckless borrowing—it’s about leveraging debt as a tool to generate wealth.

We start by going back to 1971, when President Nixon took the U.S. dollar off the gold standard, transforming money as we knew it. Today, every currency—whether the U.S. dollar, peso, yen, or euro—is debt. Yet, mainstream financial advice often tells you to live debt-free, and while that’s safe for most, the wealthy play a different game: using debt to build assets that produce cash flow.

I’ll explain the core principles of financial literacy, using my experience and the concepts from Rich Dad Poor Dad and the Cashflow board game. We’ll cover why buying liabilities like cars and houses with debt keeps you poor and how using debt to acquire assets makes you richer over time. Financial literacy starts with understanding two key words: cash and cash flow.
#debt
-----

Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.

The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.