Replying to Avatar DRE

If the debt matures in 5+ years sure, but if you took out a loan in November of 2021 and you had to pay it a year later then it’s not such a good deal
c9
nobody 1y ago

That’s not the problem of the loan right? That’s a human action… anyway, I stick to Robert Kiyosaki mentality lol borrow as much as humanly possible

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DRE 1y ago

All I’m saying is that the length of the loan matters, specially if you plan to buy bitcoin with that money.

Kiyosaki is mainly talking about mortgages and longer duration debt. He is not advising people to take out loans with double digit interest rates that mature in 12 months, especially if you have to put up collateral like normal people often times have to do

c9
nobody 1y ago

Right. 36 or 60 months loan that way coincides with the length of a halving

But even if you carry cc debt, as long as you make the min payments you should be good. What does Kiyosaki do? He buys assets. Same principle