Author of 'Rich Dad Poor Dad' Offers Key Insight on Accumulating Wealth
Renowned investor and author Robert Kiyosaki, best known for his book "Rich Dad Poor Dad", has recently expressed his support for Bitcoin as a means of wealth creation. In a series of statements, Kiyosaki has highlighted the potential of Bitcoin to help individuals become rich, contrasting it with traditional investments such as real estate.
Kiyosaki, who earned his first million dollars in real estate, has claimed that Bitcoin is an easier and less time-consuming way to amass wealth. He has shared examples of college sports stars who go bankrupt within seven years of retirement despite earning millions, emphasising the importance of wise financial decisions.
In a surprising turn of events, Kiyosaki has boasted that the millions he earned from Bitcoin are the easiest he has ever made. He attributes this success to a simple strategy: buy and hold Bitcoin, with no need for mess or stress. Kiyosaki has not specified the timeframe in which he earned his millions from Bitcoin.
The author of "Rich Dad Poor Dad" has recommended his book, along with "Think and Grow Rich" by Napoleon Hill and "The Richest Man in Babylon" by George S. Clason, to inspire people to increase their wealth and become rich. He encourages reading books about money, hardships, mission-driven businesses, and successful entrepreneurship, specifically those written for "active students."
Kiyosaki advocates for financial education starting in school, but since it is not taught, he suggests seeking out rich teachers and friends for advice. He praises Bitcoin's "pure genius asset design" and believes that it is an easy tool to leverage for becoming rich.
However, Kiyosaki's endorsement of Bitcoin does not dismiss the potential risks associated with cryptocurrency investments. He has also warned about the pitfalls faced by lottery winners, who can become poorer despite winning millions. Kiyosaki's message remains clear: while money itself does not make one rich, making wise financial decisions and investing in the right assets can lead to wealth creation.
