‘Rich Dad, Poor Dad’ Author Kiyosaki Drops Game-Changing Advice on When to Get Rich

Robert Kiyosaki, author of “Rich Dad, Poor Dad,” emphasizes the importance of generating passive income and sees Bitcoin, gold, and silver as essential for wealth preservation.

Points

• Kiyosaki stresses the best time to get rich is approaching, particularly through passive income.
• He advocates for Bitcoin, gold, and silver to preserve wealth.
• Staying confident and continuing to learn are key strategies during tough times.

Robert Kiyosaki, known as the author of “Rich Dad, Poor Dad” and a harsh critic of the Federal Reserve, once again stressed that the best time to get rich is approaching. As real estate markets crash, he highlights the importance of making money in your sleep — a key lesson from his Rich Dad character. According to Kiyosaki, the time to generate passive income is now.

Kiyosaki’s receipt is well-known. He believes Bitcoin, along with gold and silver, is essential for preserving and growing wealth in these turbulent times. Once a crypto skeptic, the writer now calls Bitcoin “people’s money” and projects it could reach half a million dollars by next year. This shift aligns with his long-standing criticism of traditional financial systems and the Federal Reserve’s policies, which he argues devalue the dollar, making it “fake.”

In his newest post, Kiyosaki also stresses the importance of staying strong and confident during tough times. He warns against excessive worry, suggesting it can ruin your life.

Best TIME to GET RICH is APPROACHING. Real estate markets are crashing. As my Rich Dad taught me….”If you don’t learn how to make money in your sleep… you’ll never be rich.” The time to make money in your sleep is arriving now. For the hard times that are coming…Rich…— Robert Kiyosaki （@theRealKiyosaki） July 20, 2024

Instead, he advises continual learning,

attending seminars, changing your social circle, and listening to successful individuals rather than those in traditional nine-to-five jobs. According to him, bad times are coming, but the brave, smart, and open-minded will become richer and wiser.

Meanwhile, the price of Bitcoin has risen by 20% in the last two weeks, from bottoming out at $55,000 to approaching $70,000. If Bitcoin hits a new all-time high this year, it may indeed be the “best time to get rich” as Kiyosaki suggests.

解説

• Passive Income: Generating passive income means earning money with minimal effort, such as through investments, rental income, or royalties. Kiyosaki emphasizes the importance of passive income for achieving financial independence and building wealth.
• Wealth Preservation: Kiyosaki advocates for assets like Bitcoin, gold, and silver, which he believes can protect wealth against the devaluation of fiat currencies. These assets are seen as hedges against inflation and economic instability.
• Continual Learning: Adapting to changing economic conditions requires ongoing education and personal growth. Kiyosaki advises staying informed, learning new skills, and surrounding oneself with successful individuals to navigate and thrive during tough times.