The author of the world-famous Rich Dad Poor Dad repeated that the best time to get rich is “downturns.” Speaking on Twitter, Robert Kiyosaki says he will buy Bitcoin, gold and these in particular…
Stocks, gold, silver, Bitcoin, real estate crashes
The markets are crashing and the big price crash that Robert Kiyosaki predicted is imminent. After a brief silence, the author of Rich Dad Poor Dad has been active again on Twitter lately. On August 27, he made remarkable statements:
IT IS NOT ABOUT WHAT IS IN YOUR WALLET!? WHAT’S ON YOUR MIND? All markets are crashing: Real Estate, Stocks, gold, silver Bitcoin. The middle class was destroyed by high oil inflation. Yet the Rich are getting richer. Head difference, not wallet. CHANGE YOUR MIND FIRST… then get rich.
Its not WHAT’s IN YOUR WALLET!? It’s WHATs IN YOUR HEAD? All markets crashing: Real Estate, Stocks, gold, silver Bitcoin. Middle class wiped out by higher oil inflation. Yet Rich are getting richer. Difference in head not wallet. Change WHATS IN YOUR HEAD FIRST…then get richer.
— therealkiyosaki (@theRealKiyosaki) August 27, 2022
Bitcoin and buy them
Kiyosaki then gave his followers advice on which products to buy at a discount. The famous author told them to use the opportunity to buy more real estate, gold, silver and Bitcoin:
2008 was a great time to be rich. Everything is on sale. I borrowed millions of dollars to buy real estate deals. 2013 I published the Rich Dads Prophecy, predicting a LARGER crash was coming. THIS CASE IS HERE. Millions of dollars will be wiped out. Please one of them. You get richer over time.
2008 was great time to get rich. Everything went on sale. Borrowed millions of dollars buying real estate bargains. 2013 I published Rich Dads Prophecy predicting BIGGER crash coming. THAT CRASH is HERE. Millions will be wiped out. Pls do not be one of them. Time you get richer.
— therealkiyosaki (@theRealKiyosaki) August 28, 2022
The latest sell-off in the market began with a speech by Fed Chairman Jerome Powell at the Jackson Hole symposium on Friday. Powell remained hawkish and signaled that rates could stay higher for longer. Powell also warned that there would be “some pain for households and businesses” with “the unfortunate costs of lowering inflation”.
Shares fell for the third day in a row on Tuesday following Powell’s comments. Meanwhile, Bitcoin has dropped below $20,000 and gold is trading around $1,730 per ounce.
Robert Kiyosaki is known for calls to stock up when they’re undervalued
In mid-June, Kiyosaki also gave investment advice on how to survive in this high inflation environment. Back then, he told his followers to stock up on canned tuna:
Best Investment: Canned Tuna. Inflation is about to rise. The best investments are canned tuna and dried beans. You can’t eat gold, silver, Bitcoin. You can eat canned tuna and dried beans. The most important food The next problem is hunger. Invest in the solution. Take care of yourselves.
Best INVESTMENT: Cans of Tuna Fish. Inflation about to take off. Best investments are cans of tuna & baked beans. You can’t eat gold, silver, or Bitcoin. You can eat cans of tuna and baked beans. Food most important. Starvation next problem. Invest in the solution. Take care.
— therealkiyosaki (@theRealKiyosaki) June 13, 2022
According to Kiyosaki, the best time to get rich is when prices drop. He described the drop as “great news” when crypto started crashing in May. “Slumps are the best time to get rich,” he said in a tweet in early May.
https://twitter.com/theRealKiyosaki/status/152481135829098497
By the way, cryptocoin.comAs you follow, Bitcoin regained $20,000 after a short drop
