Amid warnings of an unfolding widespread financial crisis, Robert Kiyosaki, a renowned investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ has advised buying more gold, silver, and Bitcoin (BTC), arguing that world leaders want war and poverty.
Specifically, Kiyosaki shared his opinion that governments do not care about ordinary people and that the only way to protect oneself and loved ones is to “work hard, spend wisely, and save gold, silver, and Bitcoin,” as he explained in an X post shared on November 10.
Road to financial security and freedom
As a reminder, the finance educator recently also argued that the rich do not work for “fake” cash like the United States dollar but focus on investing in “real assets” like rental properties, gold, silver, and the flagship decentralized finance (DeFi) asset, that “provide life-long financial security & freedom.”
Picks for you
It is also important to note that, in addition to the above assets, Kiyosaki also had, on numerous occasions, praised gasoline and the highly-prized Wagyu beef, recommending to his followers to focus on hoarding the “four Gs” – gold, ground (real estate), grub (food), and gas.
On the other side, in his view, are the assets he considers worthless, such as paper money, stocks, bonds, mutual funds, and exchange-traded funds (ETFs), that the poor and middle classes invest in and work hard for at jobs that pay taxable “fake” income, promise a steady paycheck, but offer no job security.
Kiyosaki vs. government
On top of that, he has also earlier emphasized that stupidity and a lack of financial education were the biggest threats to the US, referring to teachers as “bureaucrats” who lacked the competence to teach about finances and the economy, as well as accusing the US government of lying about job growth.
Back in June, Kiyosaki also expressed some scathing criticism and mistrust for the US Federal Reserve (Fed) and other parts of the country’s government, calling them “the Adams family” and “cartoons killing the economy,” which is in “serious trouble,” and “not our friend,” in his ‘The Rich Dad Channel’ podcast.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
Featured image via The Rich Dad Channel YouTube
