‘Rich Dad’ Kiyosaki warns this investment could devastate millions of retirement accounts
As part of his ongoing concerns about an impending financial crisis, Robert Kiyosaki, the renowned author of the best-selling finance book ‘Rich Dad Poor Dad,’ shared his insights into investment products that could be severely impacted in a crash. In a recent post, Kiyosaki issued a stark warning about the potential fate of millions of retirement accounts, specifically highlighting 401(k)s and IRAs linked to the S&P 500 index.
Despite facing criticism for his past predictions, Kiyosaki remained undeterred and emphasized that the S&P 500 could be the next casualty, putting millions of retirement accounts at risk. He urged individuals to take action and diversify their investments into assets like gold, silver, and Bitcoin (BTC) to safeguard their wealth.
Kiyosaki recalled previous instances where his predictions were ridiculed, including his accurate forecast of the Lehman Brothers crash in 2008 before it happened. Referring to his appearance on Wolf Blitzer’s program on CNN, he highlighted how his warnings were met with laughter at the time but ultimately proved to be true.
Furthermore, Kiyosaki pointed out his accurate predictions in his 1997 book, “Rich Dad Poor Dad,” such as the statement “Savers are losers” and the concept that one’s home is not an asset, both of which became evident during the 2008 financial crisis.
While continuously warning about impending financial challenges, Kiyosaki has consistently advocated for diversification and protection of assets, with a preference for Bitcoin, gold, and silver.
Adding to his concerns, Kiyosaki has recently sounded the alarm about the potential onset of the next Great Depression. He has emphasized that acquiring tangible assets like gold, silver, and Bitcoin is the most effective safeguard against a possible collapse and has urged investors to seriously consider these alternatives.
In the midst of his warnings, Kiyosaki remains skeptical about the U.S. dollar, considering it to be ‘fake.’ Instead, he encourages individuals to focus on investing in tangible, real assets as a more secure strategy.