Rich Dad Poor Dad author Robert Kiyosaki says he believes that the price of bitcoin will reach $2.3 million, citing a prediction by Ark Invest CEO Cathie Wood. Meanwhile, he said stock, bond, and real estate markets are “set to crash,” and he expects the U.S. to go bankrupt. Robert Kiyosaki Foresees Bitcoin Hitting $2.3 […]
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Robert Kiyosaki Urges Ditching US Dollar for Bitcoin — Warns Boomers’ Retirements Going Broke as Paper Assets Crash
Rich Dad Poor Dad author Robert Kiyosaki has urged investors to ditch the U.S. dollar and buy bitcoin alongside gold and silver. He warned that “baby boomers’ retirements are going broke as paper assets crash.” The famous author stressed: “I do not trust anything that can be printed.” Robert Kiyosaki’s Latest Warnings and Advice The […]
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Robert Kiyosaki, ‘Rich Dad Poor Dad’ Author, Says, ‘I Am a Billionaire in Debt’ — And Calls Dave Ramsey An Idiot For Encouraging People To Live Debt-Free

Robert Kiyosaki, the author renowned for his best-selling book “Rich Dad Poor Dad,” has again captured the public’s attention with his unconventional financial strategies, this time revealing a staggering $1.2 billion in debt. The revelation follows a statement he made in September 2022 via a YouTube short, where he disclosed being $1 billion in debt at the time, accompanied by the caption, “The reason I’m so rich is because I’m in debt.”
In the YouTube video, Kiyosaki explains his financial status, saying, “If you understand history, the reason I pay no taxes is because I borrow money. I’m a debtor.”
He directly addresses his critics and those with contrasting economic ideologies, saying, “And check this out … I mean all you communists out there, check this stuff out … I am a billionaire in debt. You know why? Because I get tax breaks for borrowing money.”
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Kiyosaki’s approach to wealth and debt contrasts with more traditional financial advice. He believes that leveraging debt is a key driver of his wealth because of the tax advantages it provides.
Kiyosaki goes on to critique the common financial advice of living debt-free, as popularized by financial expert Dave Ramsey, saying, “And my friend Dave Ramsey says ‘live debt free.’ Well, you’re an idiot. I mean he’s my friend, but I say ‘Dave, I like debt.’”
He acknowledges Ramsey’s caution toward debt saying, “I know but most people can’t handle debt.” This admission highlights a critical divide in financial philosophy — while Kiyosaki sees debt as a tool for wealth accumulation, he concedes that not everyone possesses the financial acumen to manage it effectively.
Kiyosaki’s commentary extends beyond personal finance to critique the broader educational system, arguing, “But that’s why there is no financial education in schools because if you knew how to handle debt you wouldn’t save that crappy dollar you have in your hand. I’d rather borrow the money tax-free.”
Through this statement, he advocates for a more nuanced understanding of debt and finance, suggesting that conventional wisdom on saving and debt avoidance may be limiting for those looking to maximize their financial potential.
The author’s financial strategy capitalizes on the tax benefits associated with borrowing in the United States. The principle at work here is that interest payments on debt, especially when used for investment purposes, can be tax-deductible. This means that the costs of borrowing can effectively reduce the amount of taxable income an individual or entity reports, lowering their overall tax liability.
In the context of Kiyosaki’s investments, particularly in real estate, borrowing money to finance these investments allows him to deduct the interest paid on the debt from his taxable income. This deduction is a significant factor in why he says, “The reason I pay no taxes is because I borrow money.” The tax code in the United States offers provisions that incentivize investment and business activities by allowing deductions for various expenses, including interest on loans that finance productive activities.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Robert Kennedy Jr: Bitcoin Is Inflation Offramp — BTC Is Key to Transactional Freedom
U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) says bitcoin is the offramp from central banks’ “money printing machine.” Emphasizing that bitcoin is a “hard currency,” he stressed the importance of making the cryptocurrency available to the American public. “Transactional freedom is as important as freedom of speech and you only get that from […]
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Robert Kiyosaki Says If Bitcoin Crashes He Would Be Happy and Buy More
Rich Dad Poor Dad author Robert Kiyosaki has explained what he will do if the price of bitcoin crashes. The famous author has been recommending bitcoin alongside gold and silver for quite some time, and he recently increased his bitcoin holdings following the approval of U.S. spot bitcoin exchange-traded funds (ETFs). Robert Kiyosaki: ‘Sale’ Is […]
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Robert Kiyosaki Expects Bitcoin to Take off — Foresees Gold Crashing Below $1,200
Rich Dad Poor Dad author Robert Kiyosaki has predicted that bitcoin and silver will take off while gold will crash below $1,200. He urges investors to prepare for the “biggest crash in history” which he forecasted in his book years ago. Emphasizing that the Federal Reserve is “destroying” the U.S. economy, he advised: “Rather than […]
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‘Rich Dad, Poor Dad’s’ Robert Kiyosaki Says He’s $1.2 Billion In Debt Because ‘If I Go Bust, The Bank Goes Bust. Not My Problem’

Robert Kiyosaki, a best-selling author and seasoned investor, has a distinct philosophy on debt and investment. In a Nov. 30 Instagram reel, Kiyosaki elaborated on his debt philosophy, highlighting a critical distinction between assets and liabilities.
He said many people use debt to buy liabilities, while he uses debt to purchase assets. To illustrate his approach, Kiyosaki said his luxury vehicles, like a Ferrari and a Rolls Royce, are fully paid off, categorizing them as liabilities rather than assets.
In the reel, Kiyosaki also expressed skepticism toward saving cash, referencing the U.S. dollar’s detachment from the gold standard in 1971 under President Richard Nixon. Instead of saving cash, he saves gold and converts his earnings into silver and gold. This strategy, according to Kiyosaki, has led to an accumulation $1.2 billion in debt, an amount he admits to. He says he is in debt because “if I go bust, the bank goes bust. Not my problem.”
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His approach involves using debt strategically to enhance wealth. Kiyosaki categorizes debt into good debt and bad debt, with good debt being that which helps build wealth, such as loans used for acquiring income-generating assets like real estate, businesses or investments. He advocates using debt as leverage in investments, particularly in real estate, seeing it as an effective way to ride market fluctuations and capitalize on opportunities.
Kiyosaki’s investment strategy is multifaceted. He is known for his stance against fiat money, labeling it in derogatory terms and instead advocating for investment in what he calls “real assets” like Bitcoin, silver, gold and Wagyu cattle. Bitcoin, in particular, is a favorite of his, perceived as a hedge against the deteriorating value of the U.S. dollar. Kiyosaki views gold, another key component of his portfolio, as more stable and reliable than cash, which he calls “trash” because he just doesn’t “trust the frickin’ dollar.” He has expressed a willingness to increase his gold holdings even if prices drop significantly.
Silver, too, forms a significant part of his investment strategy. He views it as a long-term investment, particularly because of its increasing rarity and relatively lower price compared to gold. Real estate remains a cornerstone of his investments, valued for its dual benefits of rental income and capital appreciation. His investment in Wagyu cattle, a less conventional asset, reflects his belief in diversifying his portfolio beyond traditional investments.
Kiyosaki’s approach to debt and investment is rooted in a broader perspective on finance and wealth. He views money as a form of debt or obligation, a tool that can be used for acquiring assets and generating wealth. His philosophy emphasizes education in finance, suggesting that people should be well-informed about financial matters.
While Kiyosaki’s methods have been successful for him, they come with risks, as illustrated by his past financial troubles, including filing for bankruptcy in 2012 after a legal dispute over royalties.
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This article ‘Rich Dad, Poor Dad’s’ Robert Kiyosaki Says He’s $1.2 Billion In Debt Because ‘If I Go Bust, The Bank Goes Bust. Not My Problem’ originally appeared on Benzinga.com
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
‘Rich Dad Poor Dad’s’ Robert Kiyosaki Predicts Collapse Of The US Financial System — ‘We’re At The End Of An Empire. All Empires Always Come To An End’

Emphasizing the importance of financial education and preparedness, “Rich Dad Poor Dad” author Robert Kiyosaki expressed concerns about the current financial system and societal structures in the U.S. in a YouTube video titled “Robert Kiyosaki Exposes The System That Keeps You Poor & The Downfall of The USA.”
In the video, interviewer Rob Moore asked Kiyosaki, “Is the money system rigged?” Kiyosaki replied, “You want to get me in trouble, don’t you.”
He then elaborated, saying, “We’re at the end of an empire right now. It is the end; it’s the end of this, and all empires always come to an end.”
He provided historical examples to support his viewpoint, mentioning the Roman and Greek empires, and noting that the earliest Chinese civilizations were the first to use paper money. Kiyosaki concludes by asserting that what is being witnessed today is akin to the end of the American Empire, suggesting that this period is fraught with danger.
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He discussed the shift in 1964 when coins in the U.S. changed composition, indicating a deviation from backed currency to fiat currency, which he correlated with the downfall of empires.
Kiyosaki underscored the necessity of financial literacy and preparedness, urging the audience to consider the ramifications of the points he raised. He expressed concern about wealth disparity and its potential fallout, saying, “We are witnessing what could be the end of an empire if we don’t address these issues.” Kiyosaki didn’t predict doomsday but stressed the importance of being financially knowledgeable and flexible in times of uncertainty.
He maintained a balanced approach throughout the video, steering clear of sensationalism and alarmist rhetoric. Instead, Kiyosaki asked viewers to contemplate the economic challenges ahead and strategies for safeguarding their financial futures.
Kiyosaki touched on the role of debt in wealth creation, contrasting the perspectives of average people with those of real estate investors like himself and former President Donald Trump. He pointed out how leveraging debt has facilitated wealth accumulation for some, while others, adhering to traditional financial advice, find themselves struggling.
Addressing global issues, Kiyosaki reflected on the geopolitical tensions and the shifts in the global economic landscape, including the rise of China and the potential consequences of the U.S. losing its status as a dominant economic power.
The video also includes Kiyosaki’s anecdotes and opinions on topics ranging from sports to politics. He emphasized the importance of understanding the changing nature of money and investing in assets like gold and silver instead of relying solely on fiat currency.
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© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
‘The Richest Country In The World Is Now Bankrupt’ — Robert Kiyosaki Says The U.S. Can’t Pay The Interest On Its Debt. Here’s How He’s Protecting Himself

In a recent episode of “The Rich Dad Radio Show,” financial educator and author Robert Kiyosaki expressed grave concerns about the United States’ financial health.
“America is now bankrupt,” he said. “And the question I want to answer today is how [come] America, at one time reportedly the richest country in the world, is now bankrupt?”
While the U.S. hasn’t legally declared bankruptcy, Kiyosaki’s point underscores the nation’s worsening debt crisis.
As of Nov. 24, the U.S. national debt had reached $33.8 trillion. Guest speaker Jim Clark, CEO of Republic Monetary Exchange, highlighted that actual liabilities, including entitlements, could be as high as $200 trillion.
Fiscal 2023 saw interest payments on this debt rise to $659 billion, marking a 39% increase from the previous year and nearly double the amount in fiscal 2020.
So, how is the famed author protecting his wealth? He’s a strong believer in physical assets. Here are two of his favorites.
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Gold and Silver
Kiyosaki, who believes America’s financial troubles began with the abandonment of the gold standard in 1971, advocates investing in gold and silver. He views the precious metals as safeguards against inflation and currency devaluation. The rising industrial demand for silver and the current low prices of gold and silver compared to historical highs make them particularly attractive. He also values the fact that physical gold and silver do not carry counterparty risks, unlike many other investments.
Real Estate
Beyond precious metals, Kiyosaki is a proponent of investing in real estate. He recently claimed to own 15,000 houses, which he leverages as an effective hedge against inflation. Historical data from the Federal Reserve Bank of St. Louis shows that while the consumer price index has risen by 896% since 1963, the median sales price of homes has increased by 2,353.93% and rent by 892%. This indicates that real estate not only keeps pace with inflation but can also exceed it.
Kiyosaki’s strategy aligns with the opportunities available to average investors through fractional real estate investing. This approach allows individuals to invest in shares of income-producing properties for as little as $100, enabling them to benefit from rental income and long-term appreciation without the traditional barriers of high costs and credit requirements.
For investors seeking to protect their wealth in uncertain economic times, Kiyosaki’s approach offers valuable insights into diversification and risk management. It’s important to understand that his investment strategies may not be the right approach for everyone. You should always do your own research and consult with a qualified financial adviser.
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This article ‘The Richest Country In The World Is Now Bankrupt’ — Robert Kiyosaki Says The U.S. Can’t Pay The Interest On Its Debt. Here’s How He’s Protecting Himself originally appeared on Benzinga.com
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Democratic Aspirant Robert F. Kennedy Jr Promises to Back Dollar with Bitcoin if Elected President
According to Kennedy, backing the dollar with Bitcoin would help stabilize the economy. Kennedy has also spoken against anti-Bitcoin laws.
Robert F. Kennedy Jr. announced he would back the US dollar with Bitcoin (BTC) if he wins the next election and becomes the president of the United States. The Democratic candidate spoke at Wednesday’s Heal-the-Divide PAC event, expressing his opinion on balancing the American economy.
Kennedy believes “hard assets”, including Bitcoin, would help. The presidential aspirant says the plan would be to start slowly, backing 1% of all issued Treasury bills using Bitcoin, platinum, silver, or gold.
“Backing dollars and US debt obligations with hard assets could help restore strength back to the dollar, rein in inflation and usher in a new era of American financial stability, peace and prosperity.”
As part of his plans for Bitcoin when he becomes president, Kennedy also said he would create tax exemptions for Bitcoin. The aspirant said all Bitcoin conversions to the US dollar would not be liable to capital gains taxes. He believes doing this would encourage investors to keep their investments and related businesses in the US instead of moving them to crypto-friendly countries like Switzerland.
Kennedy Accepts Bitcoin
Robert Kennedy’s declaration of official support for Bitcoin and related tax exemptions ties into his previous comments about his campaign. At the Bitcoin 2023 conference in Miami, the presidential candidate announced to attendees that he is open to receiving Bitcoin donations.
Kennedy spoke at the conference, saying that Bitcoin has a definite link to democracy and freedom, and touted the king coin’s power, durability, and flexibility. The candidate likely attended the conference to appeal to the crypto community and is now announcing pro-Bitcoin regulations to pull the community closer.
In a Twitter thread posted on May 3, Kennedy criticized the US government for its anti-crypto position. According to Kennedy, because Bitcoin and digital assets are a “major innovation engine”, the government’s position will “hobble the industry and drive innovation elsewhere”.
Kennedy Tackles Anti-Crypto Stance
Furthermore, Kennedy specifically tackled the earlier proposed 30% tax on crypto mining, which was later suspended. Although Kennedy admits that Bitcoin mining presents energy concerns, he believes the energy use might be “somewhat overstated”. The presidential candidate also added that it is unfair to stifle the crypto sector over energy use because “bitcoin mining uses about the same as video games”. He believes the real reason for going after crypto is because it “threatens elite power structures”.
In addition to energy concerns, Kennedy defended Bitcoin and cryptocurrencies against arguments about criminal use. While conceding that criminals may use crypto to shield illicit transactions, he argued that ordinary citizens and dissidents also want privacy. Crypto makes it difficult for the government to punish dissidents by freezing their bank accounts and other payment platforms.
In a May interview, Kennedy also criticized the United States Securities and Exchange Commission (SEC) for going after the crypto industry. He said the SEC now protects banks and no longer serves its original purpose of safeguarding Americans. He then added that the SEC should only consist of neutral and pro-crypto people, and should not have anti-crypto officials as members.
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Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to demystify crypto stories to the bare basics so that anyone anywhere can understand without too much background knowledge.
When he’s not neck-deep in crypto stories, Tolu enjoys music, loves to sing and is an avid movie lover.
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