Robert Kiyosaki · Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business · The 5 Money Moves YOU MUST Make Right Now
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advocates borrowing to purchase income-producing assets (e.g., apartment building) instead of liabilities
“Combustible cladding can directly affect a purchaser's ability to borrow… we look out for whether the Owners Corporation carries public liability insurance.”
“Purchase of the international assets of a big Russian oil company called Luke Oil… for a group of investors to come in and buy those billions of dollars in assets… the U.S. government would take a stake.”
“Debt used wisely is one of the most powerful tools... borrow money at a reasonable rate... deploy it into an asset that compounds at a higher rate over time.”
“You can avoid an underpayment penalty if you've paid… at least 90% of this year's tax liability or 100% of last year's liability… increases to 110% if prior year income > $150,000”
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