Robert Kiyosaki's Wealth-Building Strategies: Understanding "Rich Dad's Teachings: Part One"

In this detailed exploration of Robert Kiyosaki's "Rich Dad's Teachings: Part One," uncover the stark differences in mindset between the wealthy and the rest.

Learn why the rich don't chase dollars, and how they protect their wealth through real assets like gold, silver, and Bitcoin, while also considering the role of food as a fundamental investment.

"The Wealthy Do Not Work for Dollars"

Renowned for his staunch support of gold, silver, and Bitcoin, Robert Kiyosaki, author of the "Rich Dad Poor Dad" series, provided insights on November 3, 2023, as part of "Rich Dad's Teachings: Part One," discussing the purpose of work and investment choices.

"Rich Dad's Teachings: Part One" revolves around the principle that the wealthy do not work for dollars.

This is attributed to the design of our economy where "our wealth is essentially stolen through taxes, inflation, and the stock market with counterfeit money," Kiyosaki explains.

The Distinction Between the Rich Dad and the Poor Dad

Kiyosaki articulates that the rich work for "assets that put tax-free money into their pockets," amassing wealth through cash-flowing assets like rental real estate, oil, and food production, as well as savings in gold, silver, and Bitcoin.

He also points out, "Those in poverty or the middle class desire jobs with stable salaries, but no job can truly promise stability."

He continues by saying that such individuals are employed in jobs paid with taxable counterfeit dollars and save this faux money, investing in volatile stocks, bonds, mutual funds, and ETFs.

Kiyosaki emphasizes that the affluent are not in pursuit of jobs or fake paper assets. What they seek are "assets that put genuine, non-taxable money in their pockets."

He values gold, silver, and Bitcoin as "real assets that provide lifelong economic freedom and security," sharing that the wealthy know how to accumulate such assets.

The Importance of Food as a Past Emphasis

Though Kiyosaki is recognized for his strong endorsement of assets like "gold, silver, Bitcoin, and real estate," he has also stated in 2022 that "the best investments could be cans of tuna and baked beans," underscoring the importance of food.

"You can't eat gold, silver, or Bitcoin, but you can eat tuna and beans. Food is most important," he clarified.

Additionally, in October of this year, he mentioned that "if Apple's stock drops below $150, I might buy Apple shares," and in August predicted, "if the global economy collapses, BTC could reach $1 million."