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Stock up on tuna and Bitcoin: what you need to know about Robert Kiyosaki

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Robert Kiyosaki, author of “Rich Dad Poor Dad,” offers bold predictions for Bitcoin and financial markets. Can his subjective opinions guide investors to success?

Robert Kiyosaki became widely famous due to the bestseller “Rich Dad Poor Dad”.

According to the philosophy of the American businessman and writer of Japanese origin, Robert Toru Kiyosaki, a person can be either the master of money or its slave. Judging by the investor’s multimillion-dollar fortune, he is doing well with the first postulate.

Despite this, the figure of a businessman is perceived ambiguously by the public and the media – some consider the entrepreneur to be a profit-driven individual who capitalizes on information, while others perceive him as a guru of his business, capable of inspiring followers to great achievements.

Main investing rules according to Kiyosaki

The famous writer believes that any investor must clearly understand what is an asset for themselves and what investment will be a liability. When planning purchases, also evaluate future acquisitions from this point of view. This may seem obvious, but in practice, most people do not see this difference.

This echoes Warren Buffett’s rule of buying assets when their prices fall and selling when their prices rise. Most do the opposite. Kiyosaki also advises trying to buy an asset at the lowest price.

Many people consider investing to be a rather risky activity. However, in reality, all the risk resides within the investor themselves, particularly in their mindset. Spontaneous or impulsive actions and a lack of knowledge are the primary sources of investment risk. An investor’s ability to make or lose money depends on their knowledge, emotional control, and other factors.

Source: Inspired Money

Many people attempt to predict future situations. However, the writer believes that it is far more important to recognize opportunities and respond appropriately rather than trying to predict outcomes.

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Author: Anna Kharton

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