Kiyosaki says there are plenty of opportunities to get rich.
- rich dad, poor dad Author Robert Kiyosaki warns that America is in a bubble.
- Kiyosaki recommends investing in gold, silver and cryptocurrencies as a hedge against inflation.
- The Great Crash created the opportunity to buy discounted items and become rich winners.
Bestselling author Robert Kiyosaki rich dad poor dad It has been warned that the U.S. economy will collapse soon. He pointed out that high inflation is a sign of a major crisis in the U.S. economy and a recession is imminent.
In a recent tweet, Kiyosaki said, “Bull markets make dumb investors look smart. Bear markets turn dumb investors into losers and smart investors into winners. The market is crashing. Smart investors are Time to be a very rich winner.” That’s what he meant.
The S&P 500 is in a bear market
The stock market has officially entered a bear market. A bear market is when the market is down 20% or more from a recent high. Investors worry about inflation, the Federal Reserve raising interest rates and raising them will push the U.S. into a recession.
Kiyosaki isn’t the only one worried about a recession. Wells Fargo CEO Charles Schaff and Tesla CEO Elon Musk believe the U.S. economy is headed for a downturn. JPMorgan Chase CEO Jamie Dimon believes the risk of a U.S. recession is rising.
Kiyosaki warned: “Inflation goes up and the average American doesn’t have $1,000… So when inflation goes up, we’re going to wipe out 50% of the American population.” Kiyosaki says the only thing America makes is a “bubble,” the housing market, Both the stock market and the bond market are bubbles. As a result, those retirees who rely on 401(k)s may be taking too much risk, according to Kiyosaki, who are “toasting.”
How Smart Investors Became Very Rich Winners
Kiyosaki suggested that gold, silver and bitcoin are hedges against inflation. When it comes to cryptocurrencies, Kiyosaki believes that high national debt will cause the dollar to collapse. Owning Bitcoin, Ethereum and Solana can help you protect yourself. Bitcoin has also been hit by the Federal Reserve’s recent rate hike.
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That’s good news, Kiyosaki said. “As stated in previous tweets, I am waiting for bitcoin to drop to 20k. Then will wait for a test of the bottom that could be $17,000. Once I know the bottom is in, I will back the truck. Crash is the best time to get rich. “
For Kiyosaki, the sharp decline created an opportunity to get rich. As he puts it, “The great thing about bubbles is that when they burst, everything sells.” Smart investors don’t panic or get emotional when prices drop. They wait patiently to buy the dip. Kiyosaki said he started “buying real estate at low prices” during the 2008 financial crisis and now owns “more than 12,000 rental units.” That’s a smart move considering how much property prices have risen since 2008.
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