Bad debt is debt that makes you poorer. I count the mortgage on my home as bad debt, because I'm the one paying on it. Other forms of bad debt are car payments, credit card balances, or other consumer loans.
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About Robert Kiyosaki
Robert Kiyosaki was a contemporary American finance author and investor. Robert Toru Kiyosaki is an American businessman, entrepreneur, and author, known for the Rich Dad Poor Dad series of personal finance books. He founded the Rich Dad Company, which provides personal finance and business education through books and videos, and Rich Global LLC, which filed for bankruptcy in 2012. Read more on Wikipedia →