R. Kiyosaki’s stark warning: Stop living in Disneyland and prepare for depression
Not long after stressing that a financial crash was already here and that it would be a ‘bad one,’ the popular investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ Robert Kiyosaki, has warned his followers to get ready for a depression instead of living in ‘Disneyland.’ As it happens, Kiyosaki said he didn’t want a depression to happen but that “it is better to be preparing for the worse rather than live in Disneyland, which most people are doing,” adding that “for years,” he could “see this crisis coming,” as he elaborated in an X post on May 9. Specifically, as examples of things he was doing to prepare for the crisis he saw coming years ago, the finance educator listed writing his ‘Rich Dad Poor Dad’ book, starting his own business, using debt as money to buy cash-flowing assets such as rental properties, and saving gold, silver, and Bitcoin (BTC). Picks for you US should brace for a 30% recession in stock market, legendary forecaster...