#212: Really? Yes. I unpackage it all. In fact, these are the words of the Top-Selling Personal Finance Author Of All-Time, Robert Kiyosaki. *[Complete transcript far below - you can follow along]*  Look, I have no savings account. I own no stocks, bonds, mutual funds, nor ETFs. I have no plans to pay off my home, though I could. Instead, it’s about durable passive cash flow. Either you can be conventional, or you can be wealthy. Pick one. I tell you how savers can be losers and debtors can be winners. Inflation amplifies this notion. Keep a high velocity of money. You wouldn’t tolerate a lazy employee, so why tolerate lazy money? Then I discuss how high real estate prices and higher interest rates will affect you. More Americans believe renting is cheaper than owning their own home. I tell you why your ROTI increases throughout your life. __________________ Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Listen to this week’s show and learn: 03:30 Convention says: “Save money and pay off your house before retirement.” 06:20 I have millions in debt. 08:46 How savers can be losers and debtors can be winners. 10:41 Inflation. 13:10 Debt and equity. 18:04 Mortgage rates should rise 1% in the next year - how this affects you. 23:08 How higher rates affect your tenant. 25:48 Today, more people think it’s wiser to rent than own their own home. 30:31 National homeownership rate. 31:06 Return On Time Invested. Resources mentioned: WSJ: Renting Cheaper Than Owning CNBC: Renting vs. Buying Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: ProducersWealth.com Turnkey RE: NoradaRealEstate.com QRP: TotalControlFinancial.com Find Properties: GREturnkey.com GRE Book: GetRichEducation.com/Book   Complete transcript:   Welcome to Get Rich Education. I’m your host Keith Weinhold. “Savers Are Losers. Debtors Are Winners.” Could that be true? Well, that’s a quote from none other than the Greatest Selling Financial Author Of All-Time. We’re going to break that down.    and...    What do higher interest rates mean to your future as an investor? Today, on Get Rich Education.   Hey, welcome to Get Rich Education, I’m your host Keith Weinhold.   Savers are losers. Debtors are winners.   Really, how can something that sounds so absurd to most people - be true?   Well, those are actually the words of the Greatest-Selling Personal Finance Author Of All-Time - Robert Kiyosaki.   Let’s unpackage this paradox, “Savers Are Losers, Debtors Are Winners.”   Now, one night recently, I was invited to a housewarming party by my friend, Jeff. Jeff & I have done running races together for years…   ...he had just married, so Jeff and his wife had us and a number of friends over to “warm their new house”.   Jeff had a lot of friends at the party that I did NOT know, and so I ended up meeting and striking up a conversation with these two older men.     One of the two men was a retired Engineer, and the other one still had an active work life - to some extent - he told me - as being a mutual fund salesperson.   So...this was about to get really interesting.   Now, I often enjoy talking to people decades older than I.   As the three of us were standing around, I asked them how a younger person like me should prepare for retirement… just kind of to see what would happen.   I figured that their answer to me would be rather predictable… and it sure was.   And these guys don’t know what I do. I had just met them for the first time.   The first thing that they said, is, they told me to save money.   Right after that, the other guy added, “And pay off your house before retirement!”   Now, you probably know that the advice that they just dispensed to me is nearly the polar opposite of how I think about wise financial management - and achieving a good ROI, and managing your equity well.