Kiyosaki warns that the Boomers will be the losers when the “biggest crash in history” comes.
The US stock market has seen a clear move in 2024, with the S&P 500 rising an impressive 28% year-to-date, but. Rich Dad, Poor Dad author Robert Kiyosaki sees dark clouds above – and when the storm hits, it’s the same generation that will feel its severity.
“BOOMERS are SOL: When the stock market explodes… BOOMERS will be the BIGGEST VARSERS,” Kiyosaki posted on X.
As a bomber, he admitted that his generation was lucky. Data supports this claim, with reports showing that Baby Boomers may be the wealthiest generation that has ever lived.
But this lucky trip won’t last forever, he warned. “The biggest CRASH in history is coming. Please work hard and get rich…before the BOOMER goes BUST. “
So, how can people prepare? Kiyosaki gave a wise counsel.
“If I were a BOOMER child … I would encourage my parents to sell their house, stocks, and bonds now … but prices are high … before the coming CRASH … BOOMER mom and dad live with you … or expect you to pay for their health care or funeral expenses. “
Kiyosaki’s motivation to invest in silver and gold is not surprising – he has been a proponent of precious metals for decades.
In October 2023, Kiyosaki predicted“Gold will soon break through $2,100 and then rise. You wish you bought gold under $2,000. Then stop gold $3,700.”
That vision gained strength. Gold prices rose in 2024, now standing at $270 per ounce.
Silver and gold have long been seen as a popular hedge against inflation. The reason is simple: central banks cannot print precious metals in unlimited quantities as fiat money.
Kiyosaki revealed that he has been buying gold and silver mines since 1985 and now “has literally tons of gold and silver.”
These days, there are many ways to gain access to gold. You can own bullion, buy shares of gold mining companies or ETFs, or even tap into the potential tax advantages of a gold IRA.
Bitcoin has been another standout performer in 2024, rising nearly 128% year-to-date.
On November 29, Kiyosaki predicted, “Bitcoin will soon break $100,000.” On December 4, the cryptocurrency passed this milestone, grabbing headlines around the world.
But Kiyosaki doesn’t see $100,000 as the end of the road. In an article on November 24, he made a bold prediction: “Q: what is the price of Bitcoin in 2025? A: $500,000 according to AI. ” He did not explain what kind of intelligence informed this prediction, but the goal of anticipation has aroused interest.
Another reason Bitcoin attracts crypto enthusiasts is its lack of internals, often compared to digital gold. Like gold, Bitcoin cannot be printed at will by the big banks. Instead, the volume of Bitcoin was capped at 21 million by mathematical algorithms.
Kiyosaki warned that if Bitcoin crosses $100,000, “it will be impossible for the poor and the middle class to be able to afford it.”
He attributes this to the dominance of wealthy institutions – such as corporations, banks, and financial institutions – who are the only ones who can access Bitcoin in significant quantities.
“The horse will run out of the barn,” he wrote, urging people to act now. “Don’t let the rich get richer… without you.”
For those looking to jump on the crypto bandwagon, there are many options for buying Bitcoin, including online exchanges, brokers, and even ATMs. Be warned, they can charge up to 4% commission fees, so look for one that charges low or zero commissions, and always make sure you’re using a legitimate platform.
“Your house is not a treasure” is one of Kiyosaki’s famous sayings. “What does this word mean? If it puts money in my pocket, it’s a job. If my house takes money from my pocket, it is a crime,” he explained.
The Rich Dad website expands on this idea, showing that owning a home often takes money out of your pocket in the form of mortgage payments, utilities, taxes and maintenance costs.
Rental properties, however, are a different story.
According to the website rental properties can generate significant, regular cash flow when purchased and managed wisely. In addition, the increase in rents and property values over time can create “significant additional income”. While all investments are risky, liquid assets are “often less subject to the ups and downs” of the market.
Maybe that’s why Kiyosaki once revealed that he owns 15,000 houses – for investments.
The good news is that you don’t have to be as rich as Kiyosaki to get started in real estate investing. There are many real estate investment trusts (REITs) as well as investment platforms that offer everyday investors access to institutional-type real estate portfolios, allowing them to earn rental income without the burden of being a landlord.
This article provides information only and should not be taken as advice. It is provided without warranty of any kind.
