Robert Kiyosaki, financial expert and author of the book ‘Rich Dad, Poor Dad’, highlighted comments about differences between the finances of rich and poor. In a recent publication, Kiyosaki highlighted that the rich concentrate their investments in “real assets”, such as real estate rentals, gold, silver and Bitcoin (BTC).
According to the financial expert, taxes, inflation and the stock market steal “fake money” from people, and for this reason, the rich work for “tax-free money” to put “in their pockets”.
“RICH DAD Lesson #1 “Rich people don’t work for $.” WHY? Because our wealth is designed to be stolen from our fake money through taxes, inflation, and the stock market. Instead, the rich work for assets that put tax-free money in their pockets… cash flow assets like rental properties, oil, food production, and instead of saving fake dollars, the rich save gold, silver and Bitcoin.”
In his financial advice, Kiyosaki added that the poor and middle class want jobs that promise a stable salary but do not offer job security. “Worse still, the poor and middle class work jobs that pay taxable income in fake dollars and then save fake dollars and then invest in stocks, bonds, mutual funds and ETFs that are failing as I write this.”
“Lesson: The rich don’t want fake jobs or paper assets. The rich want assets that put real tax-free money in their pockets and they know how to save real assets, G, S, BC, assets that provide lifelong financial security and freedom. That’s Rich Dad’s #1 lesson. Simple?”.
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. Instead the Rich work for assets that puts tax free money in their pocket…cash flow assets such as rental…
— Robert Kiyosaki (@theRealKiyosaki) November 2, 2023
At the time of publication, the price of Bitcoin was quoted at US$34,358.91, down 3.1% in the last 24 hours.
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading cryptocurrencies carries a risk of financial loss.