R. Kiyosaki suggests side businesses and Bitcoin secure wealth “when economy crumbles”
Robert Kiyosaki, author of the personal finance book ‘Rich Dad, Poor Dad,’ has maintained his prediction of a potential economic disaster and cautioned that wealth is in danger.
According to Kiyosaki, Bitcoin (BTC) is among the assets most likely to safeguard wealth, but he cautioned on October 13 that in the case of an economic collapse, the asset would not operate as a buffer for earnings.
In this paragraph, the author suggests finding a side gig as a backup income source in case the economy falls.
Simultaneously, Kiyosaki advised against investing in real estate, stressing that taxes are expected to increase and property values are likely to decline as a result of rising interest rates.
“Why I NO LONGER suggest REAL ESTATE. In my 2022 book Capitalist Manifesto, I claimed that Marxists won the 2020 presidential election in the United States. As increasing interest rates diminish property prices, Marxists will hike property taxes and implement rent control. He recommended gold, silver, and Bitcoin.
Kiyosaki’s most recent viewpoint is consistent with his long-held belief that the economy would fall in the near future, blaming Federal Reserve measures for limiting rising inflation.
According to Finbold, Kiyosaki has campaigned to purchase precious metals and predicted that the currency would likely collapse in early 2023. However, he said that silver may be a superior alternative to the dollar, predicting that the metal would rise to $500.
Moreover, Kiyosaki believes that confidence in conventional financial investment products has been undermined by the efforts of global central banks to combat inflation. As a result, he has referred to cash, stocks, and bonds as “toast.”