Doesn’t matter, paying 30% is nothing compared to an asset that goes up 100% in a blink of an eye
Discussion
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
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
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