Robert Kiyosaki Breaks Down Rich Dad’s First Lesson — Says Bitcoin Provides ‘Lifelong Financial Security and Freedom’

Rich Dad Poor Dad creator Robert Kiyosaki has damaged down Rich Dad’s lesson primary. Explaining in easy phrases why the wealthy grow to be richer, the famend creator stated: “They perceive the significance of preserving tangible belongings, similar to gold, silver, and bitcoin, which supply lifelong monetary safety and freedom.”

Robert Kiyosaki Breaks Down Rich Dad’s Lesson One

The creator of Rich Dad Poor Dad, Robert Kiyosaki, defined the core idea of Rich Dad’s first lesson in a submit on social media platform X on Thursday. Rich Dad Poor Dad is a 1997 e 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 e book have been offered in over 51 languages throughout greater than 109 nations.

“Rich Dad’s Lesson #1 ‘The wealthy don’t work for $,’” Kiyosaki started. “Why? Because our wealth is designed to be stolen from our faux cash through taxes and inflation and the inventory market.” He elaborated: “Instead, the wealthy work for belongings that put tax-free cash of their pocket, money move belongings, similar to rental properties, oil, meals manufacturing.” He additional detailed: “And relatively than save faux $, the wealthy save gold, silver, bitcoin.” The famend creator burdened:

Lesson: The wealthy don’t need jobs or faux paper belongings. The wealthy need belongings that put actual tax free cash of their pockets and so they know how one can save actual belongings, gold, silver, bitcoin belongings that present lifelong monetary safety and freedom. That’s Rich Dad’s Lesson #1. Simple?

Kiyosaki additionally defined why the poor and center class get poorer. He described: “The poor and center class need jobs that promise a gradual paycheck however provide no job safety. Even worse, the poor and center class work at jobs that pay taxable faux $ earnings.” He added: “And then they save faux $, then spend money on shares, bonds, mutual funds, and ETFs [exchange-traded funds] that are crashing as I write this textual content.”

The creator of Rich Dad Poor Dad has lengthy been recommending gold, silver, and bitcoin. He has made a number of forecasts associated to the costs of the three belongings. He just lately said that BTC is headed for $135,000 whereas gold will quickly take off. Back in August, he stated that within the occasion of a worldwide financial disaster, bitcoin’s value might surge to $1 million, with gold reaching $75,000, and silver climbing to $60,000. In February, he projected that the value of BTC would attain $500,000 by 2025, whereas gold might rise to $5,000, and silver would possibly attain $500 throughout the similar timeframe.

Last month, the famend creator suggested buyers to buy bitcoin instantly, noting that he foresees a rush to purchase BTC as inventory, bond, and actual property markets crash. He moreover expressed his belief in the future of cryptocurrency, asserting that fiat cash is toast and describing it as “faux cash.” In his view, gold and silver characterize “God’s cash” whereas bitcoin is “individuals’s cash.” Besides issuing a number of warnings in regards to the greatest crash in real estate, shares, and bonds, he additionally cautioned that the Federal Reserve elevating rates of interest will crash the U.S. greenback.

Kiyosaki revealed an funding allocation final week to assist buyers survive what he believes to be the “greatest crash in world history.” He additionally just lately shared his personal funding technique, emphasizing that he’s not making an attempt to be Berkshire Hathaway CEO Warren Buffett.

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