The prominent investor and best-selling author of ‘Rich Dad Poor Dad,’ Robert Kiyosaki, took to the social media platform X late on April 27 to, yet again, warn both that a financial crash is coming, and that it might be a new ‘Great Depression.’
Within the tweet, however, he also offered some silver lining by claiming that, during the calamity, some people will get ‘FU’CD UP’ and some ‘LU’CD UP.’
Though it is far more difficult to determine the exact meaning of ‘LU’CD UP’ than of ‘FU’CD UP,’ it is evident that Kiyosaki juxtaposed the two and placed himself firmly into the category that will be ‘growing richer not poorer.’
Additionally, along with explaining that he was able to increase his wealth during ‘the crashes of 1987, 2000, 2008, 2015, 2019, 2022’, he also offered some hints into how that was possible.
How Kiyosaki plans on ‘growing richer’ during ‘this coming crash’
Specifically, Robert Kiyosaki explained that whenever a financial crisis takes hold of a national or global economy, ‘great assets go on sale’ and that a surefire strategy is to buy ‘assets on sale.’
Still, the famed author provided no advice on how an individual who is not already wealthy and depends on their job and savings can afford investing during a depression or a recession, and similarly, he did little to identify ‘great assets.’
These would be ‘great assets’ to purchase ‘on sale,’ according to Kiyosaki
Fortunately, Kiyosaki’s numerous previous X posts and other writings do reveal that the prominent investor considers only a handful of investments worthwhile. The ‘Rich Dad’ author has been consistently bullish on gold and silver for decades.
Similarly, he has been recommending investing in cryptocurrencies for years, with Bitcoin (BTC) being mentioned most often, but Ethereum (ETH) is also a known investment.
Elsewhere, Robert Kiyosaki is a known proponent of owning as much real estate as possible – he has previously claimed having 15,000 properties – and buying cash-generating businesses such as his Wagyu cattle ranch.
The latter recommendation might, simultaneously, offer some indication of the strategy for having enough headroom to invest during a financial crisis, provided a real estate market crash doesn’t accompany a recession, and the likely mass layoffs do not impact demand for premium beef.
Featured image via Ben Shapiro’s YouTube
Source: https://finbold.com/rich-dad-robert-kiyosaki-reveals-his-plans-for-this-coming-crash/
