Robert Kiyosaki emphasizes the importance of time as an asset during a recession and encourages people to educate themselves through free resources like YouTube. He warns about FOMM – the fear of making mistakes, and highlights the potential of Bitcoin to create generational wealth.
Financial author Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad, recently shared his thoughts on concerns about a potential recession, emphasizing that time will always be an asset.
“Is The WORLD in a RECESSION? I say “Yes.” And I have been doing my best to warn people since I wrote Rich Dad ‘s Prophecy in 2012. Q: Is it too late to learn and make changes? A: NO. But time on your side and time is always an asset to you. In my previous X I compared FOMO the fear of missing out to FOMM: the fear of making mistakes….a fear taught in schools,” said the author in a post on X.
“The good news is YouTube ….offers for free…access to some of the smartest brains…but also brains of “Con men and Con women,” “ some “talking their book” using “click bait” to suck suckers in. Investing your free time into studying the lessons taught by real and fake teachers on You Tube…. Just might be the smartest thing you could do….it might be your best investment… and the even better….is fact is….the best and the worst education is free,” added the author.
Check his post here:
The author went to say that ‘the facts are the world is in a recession. The facts are inflation is going up and so is unemployment.’
“The most important question is “What are going to do about this recession? Will this recession make you richer or poorer. The choice is yours and your choice of education can be free. Take care and make this recession the best thing that has ever happened to you. You and only you have that power. Good luck,” said Kiyosaki.
Most investors are familiar with FOMO (Fear of Missing Out)—the rush to invest when an asset is soaring. However, Kiyosaki argues that FOMM is even more damaging. “The biggest opportunity in history is here… Bitcoin has made it easy for everyone to become rich… Yet most people with FOMM will miss one of the greatest wealth creations in history,” he wrote.
He predicts that Bitcoin’s price will surge past $200,000 this year, but those with FOMM will hesitate and later say, “Bitcoin is too expensive.” Meanwhile, the FOMO crowd will accelerate their investments, creating generational wealth.
