Amid his numerous warnings of an imminent financial crash, Robert Kiyosaki has shared his most important lesson – the rich don’t work for “fake” cash. Instead, he pointed out that the rich focus on investing in “real assets” like rental properties, gold, silver, and the maiden cryptocurrency – Bitcoin (BTC).
Indeed, the author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ said that taxes, inflation, and the stock market serve to rob people of their “fake money,” which is why the rich work for assets that put “tax-free money in their pocket,” as he explained in an X post on November 2.
Rich vs. poor
According to Kiyosaki, this refers to “cash flow assets such as rental properties, oil, food production,” and instead of saving “fake $, the rich save gold, silver, Bitcoin.” On the other hand, “the poor and middle class want jobs that promise a steady paycheck but offer no job security.”
“Even worse, the poor and middle classes work at jobs that pay taxable fake $ income, and then they save fake $, then invest in stocks, bonds, mutual funds & ETFs, which are crashing as I write this text.”
Finally, the renowned investor concluded that the main lesson was that “the rich do not want jobs or fake paper assets.” What they really want are “assets that put real tax-free money in their pockets, and they know how to save real assets, G, S, BC, assets that provide life-long financial security & freedom.”
Paper vs. alternatives
As a reminder, Kiyosaki has praised the above precious metals, real estate, gasoline, Wagyu beef, and the flagship decentralized finance (DeFi) asset and has on numerous occasions advocated for focusing on these alternative investments instead of fiat money, like the US dollar that he believes is ‘fake money.’
More recently, he expressed his view that many people had an addition to dollar bills but that saving paper money made no sense to him. Instead, the finance expert said he was focusing on hoarding the “four G’s” – gold, ground, grub, and gas, as well as silver and Bitcoin in his earlier videos.
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