Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.<\/p>\n
\u201cRich Dad Poor Dad\u201d author Robert Kiyosaki is warning that outdated financial advice is doing more harm than good in today’s economy.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<\/a>, Kiyosaki said the growing divide between the rich and the poor is no longer a gap, but a \u201cGrand Canyon.\u201d<\/p>\n<\/p>\n Kiyosaki points to three major struggles he says billions of people face: \u201cMake ends meet,\u201d \u201cKeep up with inflation,\u201d and \u201cKeep their job.\u201d<\/p>\n Don’t Miss:<\/p>\n According to Kiyosaki, those who follow \u201cold thinking\u201d are being left behind. He says this includes going back to school, working longer hours, saving in fiat currency\u2014which he calls \u201cfake money,\u201d and relying on traditional retirement plans.<\/p>\n \u201cOld thinkers will be left behind as the GAP becomes the GRAND CANYON,\u201d he wrote.<\/p>\n Instead, he suggests adopting a new financial mindset focused on entrepreneurship and alternative assets. His advice for \u201cnew thinkers\u201d is to \u201cstart their own start-up\u201d and save real assets like \u201cGold, Silver, Bitcoin, Ethereum.\u201d<\/p>\n Kiyosaki singled out Ethereum as a current opportunity, comparing it to Bitcoin when it was far cheaper, saying that \u201cpeople who acquire Ethereum today [at] $4,000 will be like the rich who invested in Bitcoin when it was $4,000,\u201d he wrote.<\/p>\n He ends his post by urging people to choose their side of the economic divide: \u201cConsider those ideas and choose which side of the gap you want to be on.\u201d<\/p>\n Trending: Accredited Investors Can Now Tap Into the $36 Trillion Home Equity Market \u2014 Without Buying a Single Property<\/a><\/p>\n 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 In his view, that approach is based on outdated systems that no longer serve people in an era of rising inflation and rapid technological change.<\/p>\n In his books and interviews, he often refers to fiat currency as \u201cfake money\u201d 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.<\/p>\n He also regularly warns that most people are unprepared for economic disruptions. For him, financial education doesn’t mean getting a degree, it means learning how money works, how markets move, and how to build or acquire income-producing assets.<\/p>\n See Also: Backed by $300M+ in Assets and Microsoft’s Climate Fund, Farmland LP Opens Vital Farmland III to Accredited Investors<\/a><\/p>\n Kiyosaki’s call to start a business isn’t just about becoming rich. In today’s job market<\/a>, he argues, no position is truly secure. Layoffs<\/a>, automation<\/a>, and corporate restructuring can hit anyone at any time.<\/p>\n In another post on X<\/a> from April, he wrote, \u201cIn the last two years…. Millions have lost their jobs. In the next few years…. Millions more will lose their jobs.\u201d<\/p>\n He advises people who are worried about job loss to prepare now<\/a>. \u201cTurn a bad event to a great opportunity to stop being an employee, clinging to job security…. and become an entrepreneur…. Working for financial freedom,\u201d he wrote.<\/p>\n While critics say not everyone can or should be a business owner, Kiyosaki counters that the mindset shift is what matters most. Thinking like an owner, not an employee, is how people break out of the cycle of just getting by.<\/p>\n His latest post is simply another reminder of that philosophy. And with millions struggling to stay afloat, his message is resonating once again.<\/p>\n Read Next: Missed Tesla? EnergyX<\/a> Is Tackling the Next $200 Billion Opportunity \u2014 Lithium<\/p>\n Image: Shutterstock<\/p>\n This article Robert Kiyosaki Says Forget Working Harder And Saving For Retirement. Instead, Create A Start-Up And ‘Save Real Gold, Silver, Bitcoin’<\/a> originally appeared on Benzinga.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. \u201cRich…\n","protected":false},"author":2,"featured_media":254452,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[30546,64,63,2009,99,150431,186,150432,184,185,17495],"class_list":{"0":"post-254451","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-accredited-investors","9":"tag-au","10":"tag-australia","11":"tag-bitcoin","12":"tag-business","13":"tag-fiat-currency","14":"tag-finance","15":"tag-kiyosaki","16":"tag-personal-finance","17":"tag-personalfinance","18":"tag-robert-kiyosaki"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/254451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=254451"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/254451\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/254452"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=254451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=254451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=254451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}