If You’re a Saver, You’re a Loser- Bitcoin’s Next Cycle Will Change Your Life (Rob Kiyosaki)
You’ll see from an International best-selling author when the right time to buy Bitcoin is.
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Rob Kiyosaki is a wealthy businessman with a questionable moral compass.
He’s ruthlessly liquidated companies where vast debts are outstanding to his suppliers.
He says in most of his educational business content that you should take on debt to avoid paying taxes.
A jury ordered Kiyosaki’s’ Rich Dad’ Company to pay $23.6 Million after they ruled that a share of his profits should’ve gone to the Learning Annex, a promotions company he hired.
Kiyosaki audaciously deprived the Learning Annex of the profits he owed from the success of his speaking engagements.
Instead, he did a back-door deal with a competitor promotions company while the Learning Annex promoted his Rich Dad brand on a global stage.
One notable event Learning Annex arranged included a gig for Kiyosaki at Madison Square Garden.
He deceived them.
The founder of the Learning Annex, Bill Zanker, came out publicly after the trial.
Bill Zanker:
“I took Kiyosaki’s brand and made it bigger.
The deal was I would get a percentage (of speaking engagements), and he reneged.
We had a signed letter of intent.
The Learning Annex was his greatest promoter.
We put his (Rob Kiyosaki) ‘Rich Dad’ brand on a stage.
We truly prepared him for great fame and riches. But when it was time for him to pay up, he said ‘no.
I won even more money than I asked for from the jury, and then he declared corporate bankruptcy.”
I don’t highlight Kiyosaki’s controversies to make him look bad. But instead, to caution you to be careful before following his advice.
He’s a questionable businessman.
He’s shady.
His leading marketing tactic plays off of fear.
But, we hung off his every word in his international best-selling business education content.
Rob Kiyosaki Is Calling Bitcoin a Buying Opportunity.
You may have noticed an uncomfortable amount of videos popping up on your YouTube and Facebook channels with Robert Kiyosaki.
That’s because the business education mogul is now getting vocal about popular cryptocurrencies like Bitcoin.
He’s calling Bitcoin a buying opportunity and has hinted that the Cryptocurrency could drop to $10,000.
Robert Kiyosaki:
“BITCOIN? WORRIED? No.
I am a Bitcoin investor as I am an investor in physical gold, silver, & real estate.
I am NOT A TRADER or flipper.
When BITCOIN hits new bottom, $10 to $12 k? I will get EXCITED, not worried.
I bet against the Fed, Treasury, and Biden, & bet on Bitcoin.”
Kiyosaki Says if You’re a Saver, You’re a Loser.
While his track record could be better, Kiyosaki’s ability to explain complex topics in an easy-to-learn way is unprecedented.
His perspectives on money and investing contradict conventional thoughts, and he’s gained a reputation as a straight talker and advocate for financial education.
He recently said on Twitter that if you’re a saver, you’re a loser because inflation is unprecedented, and you should invest in real money. Bitcoin.
Rob Kiyosaki:
“SAVERS ARE LOSERS.
25 years ago, in RICH DAD POOR DAD, I stated savers are losers.
Today, US debt is in 100s of trillions.
REAL INFLATION is 16%, not 7%.
Fed raising interest rates will destroy the US economy. Savers will be the biggest losers.
Invest in REAL MONEY. Bitcoin.”
According to Kiyosaki, Here’s When You Should Be Looking To Invest in Bitcoin.
Ok, hear me out.
I never advocate for anyone to invest in anything.
You make up your mind.
It’s your money.
Kiyosaki’s take on all of this is that he’s bullish on Bitcoin, but it’ll likely drop further in price.
Most of us would invest through dollar cost averaging gradually.
Dollar-cost averaging is a strategy that involves investing a fixed amount at regular intervals, regardless of price.
It aims to reduce the impact of price fluctuations and can be a good option for long-term investors with a consistent plan. It does not guarantee a profit or protect you against loss.
Nothing does.
Kiyosaki says despite being bullish on Bitcoin, people like you and me fall under three categories with Bitcoin.
Investor
Trader
Speculator
Kiyosaki says there’s nothing wrong with being in each category, but traders are flippers who will make money until the market crashes.
He says speculators are gamblers hoping and praying for the price to go up.
When the price drops, they sell out of fear.
Investors buy more when the price goes down.
In Kiyosaki’s most recent Tweet, he hit home on his thesis of being an Investor and says you should look to start buying Bitcoin once you begin to see the Fed drop interest rates.
Rob Kiyosaki:
“BUYING OPPORTUNITY: if FED continues raising interest rates, US $ will get stronger, causing Bitcoin prices to go lower.
BUY more.
When FED pivots and drops interest rates, like in England, you smile while others cry. Take care”
Only some people agree with this take.
Famous Big Short investor Michael Burry, who famously predicted and profited from the 2008 housing crisis, says we’re in for an extended period of sticky inflation, which has only ever happened a handful of times in recorded history.
Sticky inflation, also known as persistent inflation, is where prices are slow to adjust to changes in economic conditions, like interest rate increases.
It happens for a variety of reasons, including expectations of future inflation.
When sticky inflation occurs, it can make it more difficult for central banks to achieve their target inflation rates and more challenging for them to reduce interest rates.
Michael Burry:
“Inflation appears in spikes.
When the spike resolves, it won’t be because of Biden or Powell.
It will be because that is the essence, the nature of inflation.
It resolves, fools people and then comes back.
When it comes back, neither the POTUS (President Of The United States) nor the Fed will take credit,”
Final Thoughts.
Rob Kiyosaki is a clever marketer whose leading tactic appears to play off fear.
He hates the government and says the stock market is a fraud, so the decentralised Bitcoin narrative is right up his street.
If you scan over his business career, it’s challenging to see the business success behind him to warrant packaging up business education and selling it for a fortune.
He has.
And he’s done it exceptionally well.
Kiyosaki’s jargon-free mode of communication and his ability to explain complex financial topics in an easy-to-understand language caught my attention when I read Rich Dad Poor Dad as a teenager.
His concept of buying assets over liabilities has stuck with me for some time.
He says to buy Bitcoin because the government does not control it.
When or why you would buy Bitcoin is entirely up to you.
I believe in Michael Burry’s take, which is that we’re in this down market for the long haul.
Sitting around trying to time the bottom could be impossible.