Not long after stressing that a financial crash was already here and that it would be a ‘bad one,’ the popular investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ Robert Kiyosaki, has warned his followers to get ready for a depression instead of living in ‘Disneyland.’
As it happens, Kiyosaki said he didn’t want a depression to occur but that “it is better to be preparing for the worse rather than live in Disneyland, which most people are doing,” adding that “for years,” he could “see this crisis coming,” as he elaborated in an X post on May 9.
Specifically, as examples of things he was doing to prepare for the crisis he saw coming years ago, the finance educator listed writing his ‘Rich Dad Poor Dad’ book, starting his own business, using debt as money to buy cash-flowing assets such as rental properties, and saving gold, silver, and Bitcoin (BTC).
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Additionally, he pointed out the opportunities that such a time can offer for those well-prepared for it, even arguing that “depression can be the perfect time to get rich, really rich,” telling his followers to “stop living in Disneyland and prepare to get rich… very rich.”
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As a reminder, when sharing his earlier warning of a particularly ugly crash and his rules to stand by during such a time, Kiyosaki also expressed his view that “crashes are the best time to get rich” because “bargains will float to the surface,” as Finbold reported on May 3.
Back in early April, he also highlighted that “most people have no idea” what the previous confession by United States Federal Reserve Chairman Jerome Powell that inflation was higher than expected meant for them or their families or to the world,” and that, in simple language, it meant “we’re F’d.”
At the same time, the author continues to advise saving gold, silver, and Bitcoin instead of the “fake money” like the US dollar, arguing that the rich save the above assets, while the poor and middle-class work for fiat, which they then invest in stocks, bonds, mutual funds, and exchange-traded funds (ETFs).
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