3 Beliefs That Are Keeping You Poor, According to Robert Kiyosaki
Written by
J. Arky
Edited by
Amen Oyiboke
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If you know the name, Robert Kiyosaki, it’s probably due to his incredibly popular and influential book “Rich Dad, Poor Dad,” the number one personal finance book of all time. Since the book’s publishing, Kiyosaki has added investor, entrepreneur, and financial education advocate to his resume.
He did all of these things by breaking the notion of what it means to think in terms of poverty, recently posting on “X” (formerly Twitter) the “Words & Thoughts of a poor person.”
Read More: I’m a Self-Made Millionaire — 6 Steps I Took To Become Rich on an Average Salary
Here are Kiyosaki’s take on the three beliefs that are keeping you poor, as well as ways to break out of them.
Kiyosaki’s Idea: ‘Words and Thoughts of a Poor Person’
1. ‘Bitcoin costs $76,000. “That’s too expensive. I will wait till the price goes down.”‘
2: ‘Gold is $2,684 an ounce. “That’s too expensive. I will wait for the price to come down.”‘
3. ‘Silver is $32.00 an ounce. “That’s too expensive. I will wait for the price to come down.”‘
While it might seem obvious that the three beliefs are all the same, just related to different currencies and investment opportunities, Kiyosaki breaks down that there are subtle nuances to take into account in reshaping how to view these from a wealthy perspective.
“Prices will come down…,” wrote Kiyosaki. “But prices alone do not make you rich. Ultimately what makes a rich person rich is how many coins or ounces a person has in their control.”
Kiyosaki explained that he began to buy silver when it was priced at $1 per ounce and that today, he not only currently owns thousands of ounces of silver; he continues to purchase them even as the price rose to $32 per ounce. On top of that, Kiyosaki is doing something similar with gold and Bitcoin.
“I bought my first Bitcoin at $6,000, and I continue to acquire at $76,000,” Kiyosaki tweeted. “Remember, while price per coin is important….ultimately it’s the number of coins, gold, silver, or Bitcoin that are yours.”
Kiyosaki boils it down to the fact that the amount of coins you have-whether gold, silver, or Bitcoin — is more important than the price per coin, no matter what it is made of. He also advocated for investors looking to grow their wealth to “keep trading fake money” because it will eventually turn into real money, which will, in turn, amount to real wealth.
“Good luck,” concluded Kiyosaki, noting that he wished he had bought Bitcoin at $10 per coin. Instead, he missed his opportunity but made a new one when he started buying Bitcoin at $6,000 per coin. “I am glad I did. Today I own 73 whole Bitcoins. A year from now I intend to own 100 Bitcoins, regardless of price.”
Kiyosaki closed with a note that he owns “a lot of income producing real estate, I own gold producing mines, and I save my profits in Bitcoin, gold, and silver coins. Real money. I too wish Bitcoin was back to $10 a coin but ‘wishing’ has never made poor people richer.”
That means it is time to stop throwing coins into a fountain hoping they will make your dreams of wealth come true and start investing in coins that can make you richer in the long run.
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