Robert Kiyosaki is best known for making a lot of money by investing in real estate in the 1990s and again in 2008 during the mortgage crisis. He also wrote “Rich Dad, Poor Dad,” a book about money that was a big hit. He recently said on Twitter that he would stop investing in real estate and put his money into Bitcoin and precious metals instead. After he wrote the book “Rich Dad, Poor Dad,” Kiyosaki became well-known. To receive more extensive information about bitcoin trading, visit this site.
Kiyosaki has said that he no longer likes to invest in real estate and would instead invest in Bitcoin, gold, and silver. This strategy is also told to the people who follow him on Twitter. The tweet said his book coming out in 2020 would explain why these things were happening. The book, “Capitalist Manifesto: Money for Nothing – Silver, Gold, and Bitcoin,” refers to the most well-known cryptocurrency.
“The economy goes into recession when the stock market goes down.” In a previous tweet, Kiyosaki said that Bitcoin is becoming more critical than ever because the US economy is falling apart, the stock market is doing the same thing, and unemployment and pensions are rising. He said that using Bitcoin now wouldn’t save a person’s income but could protect their wealth. Kiyosaki says that he has been able to predict the current economic crash since the 1990s.
A system of education that doesn’t work very well
In the book, Robert says over and over that the way we usually teach has many problems. Since the primary goal of our education system is to make workers, it might not help people who want to start their businesses. Kiyosaki clearly says he is not telling people not to go to college. Instead, he says college doesn’t help people get “street smarts.”
Most schools don’t teach about money, and when they do, they usually only teach the basics. I’ve decided to work harder on this and ensure my kids get a good education in this area because of what I’ve learned from my own life.
The inflation rate is much slower than the rate at which college costs are going up. More and more, it’s becoming clear that something is wrong with how we teach.
Being an Entrepreneur Is Less Risky
Most people think it’s safer to work for someone than run your own business. When you work for someone else, you don’t have the same chances to learn skills that could make you more independent as when you run your own business. There is a lot of “cradle to grave” thinking in today’s society, making people increasingly reliant on others.
Being my boss has given me a lot more freedom and taught me a lot of valuable skills that I could use even if I went back to working for someone else. Before starting my own business, I would never have thought of doing things I do every week, but I would have thought it was dangerous. People say that Robert’s “Rich Dad” is made up and doesn’t exist. This is probably true, but many books about personal finance have been written that are completely wrong.
I agree that Robert is lying when he says that his book is non-fiction when it is fiction. Some people don’t like Robert because of this. It’s interesting that John Reed’s website both criticizes Robert’s work and sells Reed’s books. John Reed has said bad things about the work that Robert does.
When he talks about how to invest, Robert does tend to make risk seem less critical. This is true, but he says that you should learn as much as possible about your assets before doing anything else. Robert says that investing is only dangerous if you don’t know enough about the market you’re investing in.