The Mindset and Investment Philosophy of the Poor
1. The Myth of Price
• Bitcoin at $76,000: "Too expensive, I'll wait for the price to drop before buying."
• Gold at $2,684 an ounce: "Too expensive, I'll wait for the price to drop before buying."
• Silver at $32 an ounce: "Too expensive, I'll wait for the price to drop before buying."
Prices do fluctuate, but merely focusing on price won't make you rich. What truly brings wealth is how much asset you own—how many bitcoins, how many ounces of gold or silver.
2. The Key to Accumulating Wealth
• When I started buying silver, the price was only $1 an ounce, and now I own thousands of ounces. Even if the price rises to $32 an ounce, I will continue to buy.
• When I first bought bitcoin, it was $6,000 each, and today at $76,000, I am still buying.
What matters is not the price per unit but how many bitcoins, how many ounces of gold or silver you ultimately hold. This is the key to wealth accumulation.
3. Investment Strategy and Mindset
• Do not keep all your wealth in paper money (fake money), but instead convert it into real assets, such as precious metals or cryptocurrencies.
• I also wished I had bought bitcoin when it was $10 each, but I only started buying at $6,000 each. However, I am glad I took that step at the time.
4. My Goals and Experience
• Currently, I own 73 bitcoins, and next year I plan to reach 100, regardless of price fluctuations.
• I also own income-generating properties, gold mines, and other assets, and store profits as gold, silver, and bitcoin—these are true wealth.
Summary: Hope, waiting, and hesitation will not make you rich. The core of wealth growth lies in taking action and accumulating assets, not just fixating on price fluctuations.
Signed: Robert Kiyosaki
Tip: Position a little in Marvin
As the dog that has accompanied Musk the longest, Musk has mentioned Marvin multiple times in tweets. You can try a small investment as a speculative position; it might bring surprises!