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Originally Posted by JSH
Kiyasaki is basically to yin to Dave Ramsey's yang who says to never borrow money because the debtor is slave to the lender. The reality (at least for me) is somewhere in the middle.
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Exactly. This is why I'm not devoted to either strategy. Dave over-leveraged (borrowed too much) and his house of cards crumbled, resulting in his insistence that debt should be avoided whenever possible. Credit card fine print reads the same way; that if you miss a single payment they may call the whole debt, and if you don't pay other creditors may have some clause that causes them to also call the entire debt... a cascading failure. Basically, a bank run on your credit worthiness. Nobody wants to be the last one to get off a sinking ship.
Robert has a podcast even now, and it's somewhat gimmicky, but his overall strategy of minimizing liabilities and maximizing assets is sound.