"Retire Young Retire Rich"

So after reading Robert Kiyosaki's Cashflow Quadrant i purchased this book.

Again tho a much thicker book, i was very impressed with it. This book has a alot of valuable information. This book centres all around 'LEVERAGE'.
Near the start he talks about a time when he delivered a speech to an audience....

He was talking how a couple who were in the local newspaper had successfully retire 6 years earlier than planned. He goes on to say how himself and his wife retired at  47 and 37.
He writes on a board

   DEBT

   vs

   EQUITY

'I pointed to the word debt and said "I was able to retire early because i used debt to fund my retirement. And this couple in the newspaper, the people with the 401(k) used equity to fund their retirement. That is why they took longer to retire.

"Are you saying that the guy in the newspaper used his money to retire and you used our money to retire?" A member from the audience asks..

"That is correct! I was using your money to get deeper in debt and he was trying to get out of debt'

From this i took, this story is probably FICTIONAL and even if it is the point that is made ISN'T. The debt he refers too i'm assuming is to buy assets so mortgages for rental properties etc. Therefore though getting into debt, later in the book he mentions theres 'good debt (which makes you rich) and bad debt (which makes you poor)' this could be referred to as 'good debt' as this debt is growing your 'asset column' which if done correctly raises your 'PASSIVE INCOME' and helps you become closer to financial freedom.

KEY POINTS LEARNT:

- Stories help get messages or points across to reader or the public

- Good debt makes you rich, Bad debt makes you poor

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