Robert Kiyosaki Shares Crash Survival Rules — Warns ‘Crash Has Begun, It Will Be a Bad One’
Rich Dad Poor Dad author Robert Kiyosaki has cautioned that a crash has begun, highlighting its severity. The famous author also shared his crash survival rules. He urged investors to invest in bitcoin, alongside gold and silver, emphasizing that they are “real money that goes up in value, especially in a market crash.”
Robert Kiyosaki’s ‘Rules to Remember in a Crash’
The author of Rich Dad Poor Dad, Robert Kiyosaki, believes a severe crash has commenced.
In addition to this cautionary note, he has shared several rules he expects to help investors navigate and survive the crash. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
Kiyosaki wrote on social media platform X Thursday:
Rich Dad Poor Dad author Robert Kiyosaki has cautioned that a crash has begun, highlighting its severity. The famous author also shared his crash survival rules. He urged investors to invest in bitcoin, alongside gold and silver, emphasizing that they are “real money that goes up in value, especially in a market crash.”
Robert Kiyosaki’s ‘Rules to Remember in a Crash’
The author of Rich Dad Poor Dad, Robert Kiyosaki, believes a severe crash has commenced. In addition to this cautionary note, he has shared several rules he expects to help investors navigate and survive the crash. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
Kiyosaki wrote on social media platform X Thursday:
Bad news: crash has begun. It will be a bad one. Good news: crashes are the best time to get rich. Bargains will float to the surface.
He proceeded to share what he called “Rules to remember in a crash.” The renowned author stated that the first rule is “Don’t catch falling knives,” emphasizing that “just because prices are falling do not get greedy.” He suggested: “Wait till prices have bottomed and no one wants the asset you want.”
Secondly, he stressed that investors should “study” and “choose great teachers.” Pointing out the abundance of resources on Youtube, he warned that while some teachers are good, many others are not. He opined: “I suggest you choose my teachers. My real estate teacher is Ken McElroy. Taxes: Tom Wheelwright. Stocks: John MacGregor. Oil: Mike Maucelli. They all have books and their own podcasts. Be very careful who influences your brain, your attitude, and your spirit.”
Next, the famous author recommended investors “Seek new friends who are on the same path [they] are on.” He urged them to avoid “victims,” which he defined as “people who blame others for their problems.” He additionally said investors should “Stay away Marxist: people who expect the government to solve their problems.”
Kiyosaki further advised: “Start a side hustle: Own your own business. A.I. is going to wipe out millions of jobs. Start a small business and become an entrepreneur …. not an employee afraid of losing their job.”
Lastly, he stated:
Don’t save money. Fake money (US dollar, euro, yen, peso) goes down in value. Save gold, silver, bitcoin, real money that goes up in value, especially in a market crash.
In conclusion, he said: “Take care and make this crash the best thing that ever happened to you.”
Kiyosaki has persistently sounded alarms regarding the condition of the U.S. economy and the likelihood of imminent crashes. Last week, he proclaimed that the U.S. economy is in a depression. Encouraging investors to ditch the U.S. dollar for bitcoin, he said the crypto is the “perfect asset at the right time.” He anticipates BTC to hit $100K by September.
