‘Rich Dad Poor Dad’ Author Shares Secret of Surviving In Hard Times of Inflation

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As a seasoned investor and follower of Robert Kiyosaki’s teachings, I find his latest insights particularly resonant amidst the current financial climate. Having lived through the 2008 financial crisis myself, his comparison to the “everything bubble” is all too familiar.

Financial expert and entrepreneur Robert Kiyosaki, best known as the author of the widely read “Rich Dad Poor Dad” book about financial education, recently took to Twitter to express his thoughts on the present economic challenges. He referred to issues such as market fluctuations and rising prices (inflation) in his post.

He shared advice on how to “survive and thrive” in these times for millennials, as well as people from generations X and Z. He continues to use his concept of “rich dad” which he allegedly met when his was a teenager.

The “everything bubble” message, advice on how to survive

Kiyosaki noted an increase in responses from individuals across generations Z, X, and millennials, along with some Baby Boomers, following his latest tweets about the “everything bubble.” These respondents expressed difficulty in affording homes or starting families due to financial constraints.

In the context of today’s high inflation, I, as an analyst, believe it’s crucial for us to seek out new mentors – wise and seasoned individuals who can guide us in managing our finances effectively and boosting our net worth. Robert Kiyosaki emphasizes the importance of scouring social media platforms, especially YouTube, where a wealth of teachers can be found.

The “Everything Bubble” I discussed in my last two tweets has led many Millennials, Gen X, and even some Baby Boomers to lament about not being able to afford a home, have children, or maintain the same standard of living as their parents due to financial constraints. I empathize with these generations…

— Robert Kiyosaki (@theRealKiyosaki) October 15, 2024

Translate the given statement as follows: “Identify the educators who engage with your whole being – body, intellect, and soul – to help you blossom into the prosperous individual you truly believe yourself to be,” is a suggestion from Kiyosaki, directed at his followers on the X platform.

According to him, this method leads to financial achievement, followed by it. He strongly emphasizes the significance of paying forward the wisdom you’ve gained by educating those eager to learn: “Pass on your knowledge by instructing students who are keen on learning from you.

Kiyosaki says he will keep buying Bitcoin cheaply

Last week, I tweeted about the advice given by financial expert Robert Kiyosaki, who urged us all to prepare ourselves for an imminent “bubble burst” that he foresees happening soon. According to him, even established markets like gold, silver, and Bitcoin might experience a significant crash.

If or when there’s a price drop, Kiyosaki plans to acquire these assets at reduced costs: “I’ll be scooping up as much Bitcoin as I can, along with other assets, at rock-bottom prices.” He also mentioned that if Bitcoin plummets to $5,000, it might then surge to $100,000, $250,000, or even greater heights.

My buddies found my last tweet hard to understand, my apologies for that. Let me try to clarify by saying that in 2008, we experienced a major financial crisis known as the Great Recession or Global Financial Crisis (GFC). If this explanation still doesn’t make sense, let me know and I’ll do my best to KISS it up for you!

— Robert Kiyosaki (@theRealKiyosaki) October 12, 2024

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2024-10-15 11:02