‘The rich don’t work for money’: Robert Kiyosaki warns that wealth is ‘designed to be stolen’ by taxes and inflation — says the rich save these 3 'real’ assets for protection
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Most people work for money. After all, we have bills to pay. But according to “Rich Dad Poor Dad” author Robert Kiyosaki, the mindset of the wealthy is markedly different.
In a recent post on X, formerly known as Twitter, he wrote, “RICH DAD’s Lesson #1: ‘The rich don’t work for $.’ WHY? Because our Wealth is designed to be stolen from our fake money via taxes and inflation and the stock market.”
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The fourth-generation Japanese-American presents a valid argument regarding the vulnerability of wealth. A portion of every paycheck goes to taxes. Meanwhile, inflation gradually erodes the purchasing power of money, and the stock market is inherently volatile.
“The poor and middle-class work at jobs that pay taxable fake $ income and then they save fake $, then invest in stocks, bonds, mutual funds & ETFs which are crashing as I write this text,” he continued.
“The rich want assets that put real tax-free money in their pockets and they know how to save real assets, G, S, BC,” he said, referring to gold, silver and bitcoin, adding that they provide “lifelong financial security & freedom.”
Here’s a closer look at these assets. .
Gold and silver
Precious metals — particularly gold and silver — have been a popular hedge against inflation and uncertainty. They can’t be printed out of thin air like fiat money, and it’s believed their value is largely unaffected by economic events around the world.
Kiyosaki has long been a fan of gold and first purchased the yellow metal in 1972. He has explained in the past it’s because he doesn’t “trust” the Federal Reserve, which controls the supply of money.
In October he predicted, “Gold will soon break through $2,100 and then take off. You will wish you had bought gold below $2,000. Next stop gold $3,700.”
Today, there are many ways to gain exposure to gold and silver, but Kiyosaki prefers to just buy the metals directly. “I do not touch paper gold or silver ETFs. I only want real gold or silver coins,” he wrote last year.
Gold Gate Capital is an online precious metals IRA company offering IRAs as well as physical gold and silver. By opening a Gold IRA* with Gold Gate Capital you benefit from the tax advantages of an IRA and gold’s inflation-hedging properties.
Opting for a Gold IRA gives you the opportunity to add some stability to your finances and get in on this highly desirable asset.*
Read more: Rich young Americans have lost confidence in the stock market — and are betting on these 3 assets instead. Get in now for strong long-term tailwinds
Cash flow assets
While stressing the importance of saving gold, silver and bitcoin, Kiyosaki also pointed to assets that produce cash flow.
“The rich work for assets that put tax free money in their pocket…cash flow assets such as rental properties, oil, food production,” he said.
So, how much should investors allocate to these investments?
In a post on X last month, the entrepreneur and businessman wrote, “Before going down with the ship consider a shift to 75% gold, silver, bitcoin 25% real estate/oil stocks.”
Investors can get iin the real estate game without being landlords through Arrived. Arrived* is an online platform that makes it easy to invest in shares of rental homes and vacation rentals without taking on the responsibilities of property management.
Backed by Jeff Bezos, Arrived is an easy-to-use platform with a low investment minimum of $100, so you don’t have to be a billionaire to invest like one.
Simply browse their curated selection of homes — vetted for their appreciation and income potential — and when you find a property you like, choose the number of shares you want to buy. Then all you have to do is sign on the dotted line and begin receiving quarterly deposits from your property’s rental income.*
To build an asset portfolio that makes sense for you, you should consider talking to a professional financial advisor*.
You can find your financial advisor match easily with WiserAdvisor*— an online platform connecting people to vetted financial advisors based on their unique needs and goals.
Just answer a few questions about yourself and your finances and WiserAdvisor will match you with 2-3 advisors. From there, you can read their profiles, set up a no-obligation phone consultation and start building your wealth.
Bitcoin
Bitcoin investors have learned the hard way just how volatile it can be.
In November 2021, the virtual currency reached a high of $68,990. Today, it’s hovering around $40,000. But Kiyosaki doesn’t seem bothered by the massive swings.
Last month, when Bitcoin was testing $30,000, he tweeted, “Next stop Bitcoin $135,000.”
If Kiyosaki is right in his prediction, it would imply an upside of 281% from where the cryptocurrency sits today.
It’s very easy to buy bitcoin these days. There are many online exchanges, brokers and even ATMs to purchase from. Be warned: they can charge up to 4% in commission fees, so look for ones that charge low or even zero commissions, like Robinhood*.
Robinhood’s online investing platform makes investing in crypto* simple. For as little as $1, you can set up recurring buys without having to think twice. Plus, their suite of trading tools is equipped with price alerts, market trend tracking, advanced trades and more, making it easy to stay on track and make the most of your investments.
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This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
