Robert Kiyosaki, author of Rich Dad Poor Dad, often doles out financial advice online. In his latest X posts, added a sixth money problem to his list: going from too much money to none. In th
Robert Kiyosaki, author of Rich Dad Poor Dad, often doles out financial advice online.
In his latest X posts, added a sixth money problem to his list: going from too much money to none.
In the first post, he spoke about having no money, not earning enough, spending more than you earn, having nothing set aside for the future, and having too much money.
Kiyosaki said he has faced all five and that solving the first four made him smarter.
“I have had all five problems. The good news is by solving the first four problems. I learned from each problem, got smartee, and now have problem number five,” he wrote.
The second post on X described the sixth as common among athletes, movie stars, lottery winners and heirs, who see fortunes disappear when egos take over or dishonest managers, accountants, attorneys or relatives gain access to the money.
He said it has happened to him several times.
Kiyosaki framed the losses as lessons, citing his rich dad's teaching that falling from rich to poor can be a great teacher.
He blamed schools for punishing mistakes instead of teaching people to learn from them, and pointed to cashflow, the board game he created with his wife Kim, as a way to practice with fake money.
“The good news is, losing everything was a good thing for me because my rich dad taught me, going from rich to poor can be a great teacher, if one learns from the mistake, turns the mistake into a life lesson, and grows more financially intelligent versus more financially bitter. Humans were designed to make mistakes, learn, and grow smarter,” he shared.
Neither of Kiyosaki's posts mentioned Bitcoin, gold or silver. But the theme of keeping control of money echoes what Kiyosaki has said for years. Earlier he urged his followers to get into gold, silver and Bitcoin before it is too late.
He has long advocated holding gold, silver, Bitcoin, and select real estate as a way to protect wealth.
He has also consistently framed these assets as a response to inflation and the declining purchasing power of cash, arguing that the monetary system penalized savers who kept their wealth in depreciating currency.
Crypto investors can apply the lesson by setting risk limits before buying any token in volatile markets. His price predictions however should be treated with caution.
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