Rich Dad Poor Dad author Robert Kiyosaki shared his secret to surviving inflation, advising: "If you're wondering how you can survive and thrive in today's high inflation environment… you might want to do what I did." He warned of the dangers of relying on the US dollar and urged people to seek new mentors to help them weather the looming financial crisis.
Robert Kiyosaki advises how to survive and thrive in today's economy
Robert Kiyosaki, the famous author of Rich Dad Poor Dad, offered advice on how to survive in today's hyperinflationary environment on social media platform X this week. Rich Dad Poor Dad is a 1997 book co-written by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for more than six years. More than 32 million copies of the book have been sold in more than 51 languages in more than 109 countries.
Kiyosaki calls the US dollar “FAKE $,” explaining that it became counterfeit in 1971 when President Richard Nixon removed it from the gold standard. “Since 1971, the US dollar has been backed by US Treasuries and bonds,” he described, adding:
That's why I stated in Rich Dad Poor Dad 1: Rich people don't work for money (fake) 2: Your house is not an asset. 3: Savers are losers.
In a separate post on X, Kiyosaki discussed the struggles facing Millennials, Gen X, Gen Z, and some Baby Boomers amid the “everything bubble,” which he has mentioned in previous posts. He noted that younger generations are struggling to afford homes and maintain their standard of living.
Drawing on his own experience growing up in Hawaii, Kiyosaki said rising costs have long been a problem, even for him. “I feel for these generations. I empathize. I had similar personal doubts growing up in Hawaii. The real estate and cost of living in Hawaii is so high… I wonder how young people today… survive. For example, I just bought an egg sandwich for dinner in Waikiki. It was $14. I could afford $14 but it was still hard to swallow. The good news is that the high cost of living growing up in Hawaii… forced me to find a new teacher… which is how I met my rich dad,” he detailed, advising:
If you are wondering how you can survive and thrive in today's high inflation environment… then you might want to do what I did… I started looking for new teachers.
“The good news is that social media channels like YouTube provide you with a huge pool of teachers. Find teachers who speak to your body, mind, and spirit and grow into the wealthy and successful person you know you are. When you achieve financial success… Pay it forward by teaching students who want to learn from you,” Kiyosaki recommends. He adds:
That's all I did. I gave back the financial and life lessons my rich dad had passed on to me.
“In other words: ‘Give and you will receive.’ And ‘The more you give… the more you will receive.’ That is spiritual wealth. Good luck,” he said.
Last week, the popular author predicted a catastrophic stock market crash and the collapse of the “Everything Bubble.” He advised investors to prepare for financial chaos, saying those who are ready could get richer. Earlier this month, he also expressed concerns about World War III, citing global tensions and the need for stronger leadership.
He has repeatedly warned of geopolitical threats and energy-driven conflicts. Kiyosaki has continued to criticize the bitcoin versus gold debate, arguing that the real problem is the $35 trillion US debt. He has warned that the bond market is collapsing and urged people to stop saving in dollars, calling it “fake money,” and instead save in gold, silver, and bitcoin, which he considers “real money.”