That is a pretty stupid thing for him to say!
Take the billion at no interest put it in a bank account that pays any interest, even .01 % and you have at minimum $100k /year.
But then again, other some very basic things he’s recommended to stupid people who have dug really deep holes, I’ve never been real impressed by his advice.
His advice of not using credit cards and saving money is good advice. But when the transmission goes on the car and you are 1,500 miles from home…that credit card comes in handy!
Being debt free helps me sleep at night.
Everyone has their own row to hoe.
Have you ever borrowed money at 0%? The agreement is that you never miss a payment and if you do, the rate goes to 25%. Do you know who decides if you miss a payment? They do.