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Robert Kiyosaki, author of the best-selling book Rich dad, poor dadYou don’t always agree with Dave Ramsey’s advice when it comes to debt.
In a tweet from March 2025, Kiyosaki posted (1): “My friend Dave Ramsey says ‘Live debt free.’ I say, ‘I use debt to invest.’ I’m $1.2 billion in debt.” Again, who is right?
Kiyosaki advocates an investment philosophy that leverages debt, not as a burden but as a tool to generate wealth by investing in tangible assets such as precious metals.
In a recent interview on the School of Hard Knocks podcast, Kiyosaki reiterated his belief in debt (2).
“If you can’t manage debt, live debt free,” he said. “But the flip side of that is learning how to manage debt. Because in 1971, when Nixon took the dollar off the gold standard, the U.S. dollar became debt. That’s why rich dad said, ‘You better take a course on real estate, learn how to raise capital (and) invest. Learn how to talk to your banker about how to go into debt and then use real estate to provide cash flow, not income.’
This dual focus on the freedom to spend and the security to weather financial storms contrasts with Ramsey’s emphasis on achieving financial security through strict debt elimination.
So is Kiyosaki’s debt-based strategy a viable path to building wealth?
If you want to invest like Kiyosaki without going $1 billion into debt, here’s where you can start.
Precious metals, such as gold and silver, are widely favored as safeguards against inflation and economic instability. Kiyosaki agrees with this, acknowledging the US dollar’s disconnection from the gold standard since 1971 during Richard Nixon’s presidency.
In October 2023 (3), Kiyosaki predicted: “Gold will soon surpass $2,100 and then take off. You will wish you had bought gold below $2,000. Next stop, gold at $3,700.”
In the two years since that tweet, gold surpassed its prediction and posted massive gains in 2025. Gold currently sits at approximately $4,460 an ounce (4).
You can take advantage of the long-term market potential of this precious metal by starting a precious metals IRA with the help of Thor Metals.
By allowing investors to include gold or silver in their portfolios, a precious metals IRA can be a safe and stable investment option, improving diversification and safeguarding your cash value against economic uncertainties.
Thor Metals offers expert guidance and secure storage of your precious metals assets in partnership with top-tier IRS-approved depositories.
Additionally, their investment guides help you better understand the market and make sound investment decisions.
For more information, get Thor Metals’ gold and silver information guide for free.
Read more: Is retirement approaching without savings? Don’t panic, you are not alone. Here are 6 easy ways to catch up (and quickly)
If you’re not an expert like Kiyosaki and Ramsey, deciding how to handle debt or what portfolio moves you should make can be a challenging task.
If you’re looking for an easy way to get the latest market insights and expert picks, Moby could be a valuable tool.
Moby’s team, made up of former analysts and hedge fund experts, provides superior research and stock picks that have outperformed the S&P 500 Index by an average of approximately 12%.
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If you’re unsure where you stand in the Kiyosaki vs. Ramsey debate, it might make sense to seek advice from a qualified financial professional.
Kiyosaki urges investors to exercise caution when choosing a financial advisor. A post by Kiyosaki from February 2024 says: “Don’t be a loser. Choose your financial advisors carefully (5).”
While finding the right advisor isn’t always easy, there are free online services that can help you find experienced professionals based on your specific needs.
Vanguard can connect you with a personal advisor who will help you evaluate your portfolio and ensure you meet your financial goals in time for retirement.
All you have to do is fill out a short questionnaire about your financial goals and Vanguard advisors will help you establish a personalized plan and stick to it.
Once you’re ready, you can sit back while Vanguard advisors manage your portfolio. As they are fiduciaries, they do not earn commissions, so you can trust that the advice you receive will be unbiased.
We rely only on verified sources and credible third-party reports. For more information, see our editorial guidelines and ethics.
@theRealKiyosaki (1), (3), (5); School of Hard Knocks Podcast (2); PriceGold.org (4)
This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
