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“Rich Dad Poor Dad” author Robert Kiyosaki is warning that outdated financial advice is doing more harm than good in today’s economy. In a recent post on X, Kiyosaki said the growing divide between the rich and the poor is no longer a gap, but a “Grand Canyon.”
Kiyosaki points to three major struggles he says billions of people face: “Make ends meet,” “Keep up with inflation,” and “Keep their job.”
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According to Kiyosaki, those who follow “old thinking” are being left behind. He explains that this includes going back to school, working longer hours, saving in fiat currency—which he calls “fake money,” and relying on traditional retirement plans.
“Old thinkers will be left behind as the GAP becomes the GRAND CANYON,” he wrote.
Instead, he suggests adopting a new financial mindset focused on entrepreneurship and alternative assets. His advice for “new thinkers” is to “start their own start-up” and save real assets like “Gold, Silver, Bitcoin, and Ethereum.”
Kiyosaki singled out Ethereum as a current opportunity, comparing it to Bitcoin when it was far cheaper, saying, “people who acquire Ethereum today [at] $4,000 will be like the rich who invested in Bitcoin when it was $4,000.”
He ends his post by urging people to consider their position in the economic landscape: “Consider those ideas and choose which side of the gap you want to be on.”
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Kiyosaki has long criticized the traditional path of working for decades, saving in a 401(k), and hoping the stock market performs well enough to retire comfortably. In his view, that approach is based on outdated systems that no longer serve people in an era of rising inflation and rapid technological change.
In his books and interviews, he often refers to fiat currency as “fake money” because it isn’t backed by tangible assets. That’s why he continues to promote precious metals and cryptocurrencies as more reliable stores of value.
He frequently warns that most people are unprepared for economic disruptions, stating that financial education is less about obtaining a degree and more about understanding how money works, how markets move, and how to build or acquire income-producing assets.
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Kiyosaki’s call to entrepreneurship is not just about wealth accumulation. He argues that in today’s volatile job market, no position is truly secure. Layoffs, automation, and corporate restructuring can impact anyone at any time.
In a prior post on X, he warned, “In the last two years…. Millions have lost their jobs. In the next few years…. Millions more will lose their jobs.”
He advises those concerned about job security to prepare now. “Turn a bad event into a great opportunity to stop being an employee, clinging to job security…. and become an entrepreneur…. Working for financial freedom,” he asserts.
While critics maintain that not everyone can or should be a business owner, Kiyosaki counteracts this by emphasizing the importance of a mindset shift. Thinking like an owner rather than an employee is crucial to breaking the cycle of merely getting by.
His recent post serves as a resounding reminder of this philosophy, especially in a time when many are struggling to make ends meet. His message resonates strongly across various demographics, urging individuals to rethink their financial strategies and positions.
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This article Robert Kiyosaki Says Forget Working Harder And Saving For Retirement. Instead, Create A Start-Up And ‘Save Real Gold, Silver, Bitcoin’ originally appeared on Benzinga.com
