Robert Kiyosaki stated on July 18 that if he lost all his assets and was left with only $10,000, he would spend it entirely on financial education rather than investing in stocks, cryptocurrency, or real estate.
The author of Rich Dad Poor Dad expressed this during The Rich Dad Radio Show. At 79 years old, he emphasized that he would not invest a single dollar of that money immediately. Instead, he would focus on learning from mentors and gaining income-producing skills before risking capital.
Focus on Education and Mentorship
Kiyosaki said he would use the $10,000 to purchase books, attend seminars, and consult with experienced mentors who had successfully built businesses or recovered from financial losses. He distinguished these mentors from typical financial advisers who mainly recommend products, warning that poor guidance can be more costly than market downturns.
He highlighted a common mistake people make: rushing to invest in unfamiliar stocks, cryptocurrencies, or other financial products without understanding them. Kiyosaki considers knowledge key, stating that the same amount of money can either disappear or lead to financial freedom depending on who controls it.
Despite his caution about immediate investment, Kiyosaki has previously recommended assets such as gold, silver, and bitcoin as protection against fiat currency devaluation due to rising U.S. debt and flawed policies. He refers to gold and silver as "God's money" and bitcoin as "people's money," noting silver's industrial uses.
His approach prioritizes rebuilding financial judgment first. Only after education would he consider acquiring assets, aiming to avoid emotional decisions driven by fear or greed.
This material is informational and not financial advice.
