Robert Kiyosaki shared his opinion on the current economic situation and suggested people become business entrepreneurs, instead of getting a better job.
Robert Kiyosaki is a world-famous financial expert. He is popular in the world because of his self-finance book “Rich Dad Poor Dad” which helps people to maintain their financial activities in a better matrix with the help of financial education, to easily overcome the risks associated with money investment. Kiyosaki is a big supporter of Gold, Silver, and Bitcoin investment.
On 3 May 2024, Robert Kiyosaki took to X (formerly Twitter) to share his opinion on the current situation.
Kiyosaki said that the market is crashing and suggested not to buy any asset blindly, waiting for the bottom to get the best discount.
He suggested to remember these rules:
1. Be patient and don’t rush into buying when prices are falling.
2. Learn from YouTube teachers but be careful of who you trust.
3. Surround yourself with supportive friends and avoid negative people.
4. Start your own business to secure your future, as AI is going to steal jobs.
5. Find great teachers online and learn from them.
6. Instead of saving traditional money, invest in assets like Gold, Silver, and Bitcoin.
Overall, see the crash as a chance to improve your financial situation.
These suggestions by Kiyosaki show a very big picture of panic levels among financial experts.
In the last couple of days, we saw that the trade price of stock assets as well as crypto assets crashed badly.
Recently the Federal Reserve finished its usual two-day meeting. According to Fed Res Chair Jerome Powell, they didn’t lower rates from the current 23-year high.
However financial experts weren’t expecting such decisions by the central bank, and instead, they thought the Fed might indicate that rates would stay high for a while. All these things resulted in a net negative sentiment for the risk money markets.