'Rich Dad Poor Dad' Author Shares Secret of Surviving In Hard Times of Inflation

U.Today - Robert Kiyosaki, financial expert and entrepreneur famous for authoring the popular “Rich Dad Poor Dad” book on financial self-education, has posted a tweet in which he described the current tough times, mentioning market bubbles and inflation.

He shared advice on how to “survive and thrive” in these times for millennials, as well as people from generations X and Z. He continues to use his concept of “rich dad,” which he allegedly encountered when his was a teenager.

"Everything bubble" message, advice on how to surviveKiyosaki mentioned that after his recent tweets where he wrote about “the everything bubble,” he began to receive numerous responses from people from generations Z and X, as well as millennials (as well as some Baby Boomers), saying that they cannot afford to buy a house or have children.

Robert Kiyosaki said that in order to “survive and thrive” in today’s high inflationary environment, it is important to find new teachers – wise and experienced people who can share advice on how to manage one’s funds and increase one’s net worth. Kiyosaki recommends looking out for those on social media and particularly YouTube that offer “a massive array of teachers.”

“Find the teachers that talk to your body, mind, and spirit and grow into the rich and successful person you know you are,” Kiyosaki tweeted, addressing his audience on the X platform.

This is the way to reach and then attain financial success, he says. He also believes that after that, it is important to share the knowledge you acquired with others who need it: “Give back by teaching students who want to learn from you.”

Kiyosaki says he will keep buying Bitcoin cheaplyIn a tweet published last week, financial guru Kiyosaki urged the community to be prepared for a likely massive “bubble crash” that he expects to happen in the near future. Even such colossal assets as gold, silver and Bitcoin may crash, he said.

However, if or when that happens, Kiyosaki intends just to buy these assets “at a discount”: “I will be buying all the Bitcoin I can, as well as other assets, at bargain basement prices.” But if Bitcoin crashes to $5,000, it may then boom to $100,000, $250,000 and even higher, he wrote.

Source: Investing.com