Robert Kiyosaki Is Worried About Gen Z’s Finances — 5 Tips To Survive
Written by
Brooke Barley
Edited by
Cory Dudak
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In a post on X, financial expert and writer of “Rich Dad, Poor Dad” Robert Kiyosaki expressed concern for younger generations’ finances. The post read “THE EVERYTHING BUBBLLE I wrote about in my last two TWEETS has caused millions of Millennials. Gen X and Gen Zs…even a few Baby Boomers to claim they cannot afford a house, or have kids, or live at the same Standard of Living as their parents. I feel for these generations.”
He went on to describe how he’d paid $14.00 for an egg salad sandwich and balked. “I can afford $14 yet the price still is hard to swallow,” he wrote.
Luckily, Kiyosaki provided some tips for how to survive rising prices. Here’s what he suggested younger generations do in order to protect themselves against inflation.
Find a Financial Teacher
One lesson that Kiyosaki has been talking about ever since “Rich Dad, Poor Dad” is to look for a financial educator. This means people should look for professionals who are great with money and learn all they can. “The good news is social media channels such as YouTube offer you a massive array of teachers. Find the teachers that talk to your body, mind, and spirit and grow into the rich and successful person you know you are,” Kiyosaki posted on X.
Find Like Minded Peers
In a person’s journey to get better with money, Kiyosaki advised finding others who are looking to do the same. “Seek new friends who are on the same path you are on,” Kiyosaki advised in a post.
Start a Side Hustle
Getting a side job can help bring in extra money o help with rising costs. Better yet, Kiyosaki said people should start their own businesses so they can be completely in charge of how they earn money. “Start a small business and become an entrepreneur….not an employee afraid of losing their job,” he wrote.
Don’t Save Money
Yes, that’s right: don’t save money. Instead, Kiyosaki advised people save other entities. “Fake money (US dollar, Euro, Yen, Peso) goes down in value. Save gold, silver, Bitcoin, real money that goes up in value, especially in a market crash,” he posted.
Pay It Forward
Once people feel like they have mastered their finances, Kiyosaki suggested the best thing to do was to educate others. “When you attain financial success …. Give back by teaching students who want to learn from you. That is all I did. I give back financial and life lessons my rich dad gave to me.” Kiyosaki is referring to his book where he wrote about how he spoke to another kid’s dad who was more financially successful than his to learn how to grow his wealth.
Kiyosaki ended his post with, “In other words: “Give and you shall receive.” And “The more you give….the more you receive.” It’s spiritual wealth.”
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