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Yahoo
27-07-2025
- Business
- Yahoo
Robert Kiyosaki's Top Advice That You Should Probably Avoid
In 1997, a mostly unknown finance expert self-published a book that would become a household name and sell over 44 million copies. That book is 'Rich Dad, Poor Dad' by Robert Kiyosaki. Check Out: Read Next: Since its release and success, Kiyosaki has been giving out financial advice through his podcast, YouTube channel, social media posts, interviews and other books. However, not all of his advice is widely accepted and right for everyone. Here are two pieces of advice from Kiyosaki that you should think twice about. Don't Save For most, saving money is a no-brainer when it comes to improving your finances. However, Kiyosaki has some controversial advice that he's been saying for years: 'Saving money doesn't make you rich.' Kiyosaki said saving is a way to play it safe and will actually hold you back. When you save money, you lose value to inflation and miss growth opportunities while your money remains stagnant. Instead, he suggested putting your money toward real estate, investments or businesses that would either produce passive income or grow in value over time. He also suggested putting money toward financial education rather than saving. For some, this may be good advice, but there are reasons to save. One main reason is to have an emergency fund. Emergency funds can keep you from going into debt when unexpected events and costs arise. If you suddenly need to pay for car maintenance, a medical emergency or cover your living costs when you are unemployed, an emergency fund will cover the expenses, and you won't need to take out a loan or use a credit card. Most personal finance experts recommend saving three to six months' worth of expenses as a safety net. Learn More: Don't Use 401(k) Plans Kiyosaki often urges his supporters to invest their money to build wealth, but one investment he doesn't recommend is a 401(k). Many financial experts will advise you to contribute the maximum monthly amount possible to your 401(k) and say it's the easiest way to grow your money. However, Kiyosaki thinks you should put your money elsewhere for several reasons. Having a 401(k) means you'll have to pay administrative fees, and in Kiyosaki's eyes, that makes it expensive. You could easily find other investments that you'll pay less for and therefore make more money overall. Likewise, employers often determine what your 401(k) plan will consist of, leaving you powerless over your own investments. Again, putting your money elsewhere will give you more control. Finally, according to Kiyosaki, there are tax disadvantages for investing in a 401(k). When you make a withdrawal from your 401(k) in retirement, you pay taxes at your ordinary rate. Paying the capital gains tax on any profits you've made would mean paying a lot less in taxes. As Kiyosaki said, it's true that capital gains tax is more favorable than paying your income tax rate. However, by the point of withdrawal, you've already received several tax breaks. You get to make contributions to your 401(k) with pretax dollars, meaning you get to put more money into your account that can grow. If you paid taxes first and then put the remaining amount into a 401(k), you'd have a significantly smaller amount to invest. Your money also grows in your account over time without needing to pay capital gains tax. Because of this, you'll end up making more over the long term. On top of the tax breaks, many employers offer 401(k) matching. When you contribute a certain amount each month, the employer will match that amount and double your contribution. This is the safest way to double an investment, and the only drawback is that you must wait until retirement to withdraw the funds. More From GOBankingRates The 5 Car Brands Named the Least Reliable of 2025 This article originally appeared on Robert Kiyosaki's Top Advice That You Should Probably Avoid Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-06-2025
- Business
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Wall Street is now ‘aggressively' tracking an asset that's outpaced U.S. debt since the Obama era
Wall Street is now 'aggressively' tracking an asset that's outpaced U.S. debt since the Obama era originally appeared on TheStreet. In 2010, the U.S. national debt was about $13 trillion. Fifteen years later, that number has nearly tripled, crossing a staggering $37 trillion. But while Washington keeps borrowing, another chart has quietly gone parabolic — and it doesn't show more red ink. It shows an asset that once traded for fractions of a cent now hovering near $105,000, yes we are talking about Bitcoin. An asset that, unlike the dollar, wasn't printed at will — but mined, block by block. That's a 3.3 billion percent increase. Yes, billion — with a B. Fifteen years ago, this asset couldn't buy you a gumball. Today, it can buy you a home. What changed? The answer lies in a global shift away from trust in traditional monetary systems. Robert Kiyosaki, author of Rich Dad, Poor Dad, once put it bluntly, 'America is broke right now... I hate to say this but inflation's here to stay, incompetence is here to stay, and they're going to keep printing more money to pay for the debt... We just keep printing money to solve our problems, but we can't go on much longer..' 'As I have been warning for years, the best way to protect yourself is not by saving fake fiat money… You bail you and your family out by saving real gold, silver, and Bitcoin. No ETFs.' And the last few years have made that painfully clear — grocery bills are up, rent is up, and the purchasing power of savings is down. Since 2020, the U.S. has pumped trillions into stimulus and rescue packages — around $7.6 trillion, to be exact. But imagine if even 1% of that had been redirected into this asset. That $76 billion could have sparked a rally adding hundreds of billions in market cap, reshaping how Washington — and the world — thinks about financial reserves. It's not just about hypothetical gains. In the same window the U.S. printed money, this digital asset gained institutional legitimacy. ETFs got approved. Companies like BlackRock, Fidelity, GameStop, and even entire nations like El Salvador made moves to include it in their portfolios or treasuries. Even the cultural narrative shifted. Once dismissed as internet 'magic money,' it's now become a symbol of financial autonomy — laser eyes, Twitter memes, and all. At the heart of this story is a deeper conflict — one between two monetary systems. On one side is fiat currencies, which can be printed indefinitely, taxed unevenly, and inflated quietly. On the other: an asset with a hard cap, no central issuer, and a transparent supply schedule. Fiat systems are flexible, sure. They let governments react to crises. But that flexibility comes at a cost — inflation, misallocation, and eventually, mistrust. As the U.S. debt climbs past $37 trillion, the idea that 'we owe it to ourselves' starts to feel less comforting and more disconnected from reality. The bigger story isn't just about numbers. It's about philosophy. What does it say when people start choosing code over currency? When institutions quietly shift reserves away from treasuries? It says we're in the middle of a monetary pivot, one where trust is no longer earned through reputation, but proven through protocol. And as America's debt clock keeps spinning, some are choosing to step off the wheel entirely. Wall Street is now 'aggressively' tracking an asset that's outpaced U.S. debt since the Obama era first appeared on TheStreet on Jun 20, 2025 This story was originally reported by TheStreet on Jun 20, 2025, where it first appeared.
Yahoo
18-06-2025
- Business
- Yahoo
Robert Kiyosaki believes ‘civil war has begun' — he wants Americans to put their cash into something precious
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Rich Dad, Poor Dad author Robert Kiyosaki has just issued a dire warning for Americans. 'CIVIL WAR has begun. ICE raids in Los Angeles erupt into mass violence,' he recently wrote in a post on X. 'I believe we and the world are in for a long, hot, violent summer.' The unrest follows President Donald Trump's immigration raids, which have triggered protests and clashes with law enforcement. So much so, that California Governor Gavin Newsom recently accused Trump of wanting 'a civil war on the streets' during an interview with Fox's L.A. affiliate, KTTV. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how BlackRock CEO Larry Fink has an important message for the next wave of American retirees — here's how he says you can best weather the US retirement crisis Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) Trump then pushed back in a press conference on June 9, saying he doesn't want one — but warned that a civil war 'would happen if you left it to people like [Newsom].' Amid the escalating tension, Kiyosaki linked the turmoil to the Fourth Turning, a generational theory by authors Neil Howe and William Strauss. According to the theory, society moves in roughly 80-year cycles marked by periods of upheaval that reset political and economic systems. Kiyosaki pointed out that previous Fourth Turnings included the American Revolution, the Civil War and the Great Depression/World War II. He believes the current cycle is about redefining one fundamental concept: money. 'The issue is our bankers are stealing the wealth of the people via FAKE money, counterfeit money the central bankers print,' he wrote. 'I trust the era of bankers ripping off the world is coming to an end. Sound money, gold, silver, and Bitcoin take away the power [from] the corrupt bankers … Stop saving fake money. Save gold, silver, and Bitcoin.' Let's take a closer look at the assets he's championing. 'As I have said for years, gold and silver are 'God's money,'' Kiyosaki wrote. The famed author has been advocating for precious metals for decades. In October 2023, he predicted on X: 'Gold will soon break through $2,100 and then take off. You will wish you had bought gold below $2,000. Next stop, gold $3,700.' Prices surged in 2024 and have continued to climb through 2025, recently surpassing $3,300 per ounce. Gold has long been viewed as a safe-haven asset. It's not tied to any one country, currency or economy. It can't be printed out of thin air like fiat money, and because of that, investors tend to pile in during times of economic turmoil or geopolitical uncertainty — driving up its value. Kiyosaki isn't alone in highlighting gold as a critical asset. Ray Dalio, the founder of Bridgewater Associates — the world's largest hedge fund — told CNBC in February: 'People don't have, typically, an adequate amount of gold in their portfolio,' adding that, 'when bad times come, gold is a very effective diversifier.' One way to invest in gold that also provides significant tax advantages is to open a gold IRA with the help of American Hartford Gold. Gold IRAs allow investors to hold physical gold or gold-related assets within a retirement account — combining the tax advantages of an IRA with the protective benefits of investing in gold, making it an option for those looking to potentially hedge their retirement funds against economic uncertainties. Even better, you can often roll over existing 401(k) or IRA accounts into a gold IRA without tax-related penalties. To learn more, get your free 2025 information guide on investing in precious metals. Qualifying purchases can also receive up to $20,000 in free silver. Read more: Rich, young Americans are ditching the stormy stock market — In a recent post on X, Kiyosaki outlined a few steps individuals could take to protect themselves from a recession — and pointed to the power of one income-generating asset. 'I have always recommended people become entrepreneurs, at least a side hustle, and not need job security. Then invest in income-producing real estate, in a crash, which provides steady cash flow,' he wrote on May 19. Real estate has long been a favored asset for income-focused investors. While stock markets can swing wildly on headlines, high-quality properties often continue to generate stable rental income. It can also be a powerful hedge against inflation. When inflation rises property values often increase as well, reflecting the higher costs of materials, labor and land. At the same time, rental income tends to go up, providing landlords with a revenue stream that adjusts with inflation. Perhaps that's why Kiyosaki once told personal finance YouTuber Sharan Hegdehe that he owns 15,000 houses — strictly for investment purposes. Today, you don't need to be as wealthy as Kiyosaki to get started in real estate investing. One option is Homeshares, which gives access to the $30 trillion-plus U.S. home equity market — a space that has historically been the exclusive playground of institutional investors. With a minimum investment of $25,000, accredited investors can gain direct exposure to hundreds of owner-occupied homes in top U.S. cities through their U.S. Home Equity Fund — without the headaches of buying, owning or managing property. With risk-adjusted target returns ranging from 14% to 17%, this approach provides an effective, hands-off way to invest in owner-occupied residential properties across regional markets. Another option is First National Realty Partners (FNRP), which allows accredited investors to diversify their portfolio through grocery-anchored commercial properties without taking on the responsibilities of being a landlord. With a minimum investment of $50,000, investors can own a share of properties leased by national brands like Whole Foods, Kroger and Walmart, which provide essential goods to their communities. Thanks to Triple Net (NNN) leases, accredited investors are able to invest in these properties without worrying about tenant costs cutting into their potential returns. Simply answer a few questions — including how much you would like to invest — to start browsing their full list of available properties. Kiyosaki has shown unwavering enthusiasm for Bitcoin — the world's largest cryptocurrency. 'Bitcoin is 'people's money,'' he wrote on X. It's an interesting way to describe a decentralized cryptocurrency that operates outside the control of central banks. Bitcoin has been one of the top-performing assets of the past decade — and Kiyosaki believes its best days are still ahead. 'Bitcoin [will go from] $500K to $1 million,' he predicted in May. He's not the only one with such bold expectations. Twitter co-founder Jack Dorsey said in a May 2024 interview with Mike Solana that Bitcoin could hit 'at least' $1 million by 2030 — and possibly go even higher. For those looking to hop on the bitcoin bandwagon, new crypto platforms have made it easier for everyday investors. For instance, Gemini is a full-reserve and regulated cryptocurrency exchange and custodian, which allows users to buy, sell and store bitcoin and 70 other cryptocurrencies. You can place instant, recurring and limit buys on their growing and vetted list of available cryptos. But if you're not ready to buy just yet, you can still invest in crypto with their Gemini credit card. JPMorgan sees gold soaring to $6,000/ounce — use this 1 simple IRA trick to lock in those potential shiny gains (before it's too late) This tiny hot Costco item has skyrocketed 74% in price in under 2 years — but now the retail giant is restricting purchases. Here's how to buy the coveted asset in bulk This is how American car dealers use the '4-square method' to make big profits off you — and how you can ensure you pay a fair price for all your vehicle costs Millions of Americans now sit on a stunning $35 trillion in home equity — here's 1 new way to invest in responsible US homeowners This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
Yahoo
13-06-2025
- Business
- Yahoo
3 Ways To Not Be Average When Investing, According To Robert Kiyosaki
Finding the right tax strategy can take time, but according to 'Rich Dad, Poor Dad' author Robert Kiyosaki, learning how to use the tax code to your advantage can help you be an above-average investor. Learn More: Read Next: In a recent article, Kiyosaki shared advice from Tom Wheelwright, an author with expertise in three investment areas that provide tax benefits. These sectors include real estate, oil and gas, and agriculture. Seasoned investors considering investing in these economic sectors should consult with an accountant first to understand how to invest in these markets and take advantage of the tax benefits that come with it. Kiyosaki explained that in order to make real estate as profitable as possible, it's important to understand how the tax code can benefit you. He encouraged his followers to use debt to their advantage. With real estate, for example, investors can borrow money from the bank to purchase cash-flowing real estate. Then, because of depreciation, it's possible to own a cash-generating property, but show tax losses. This technique, like many Kiyosaki recommends, is for investors who are comfortable working closely with accountants who can ensure they choose the right property that makes the most financial sense. Robert Kiyosaki Is Dumping Gold and Silver: According to Kiyosaki, investing in oil and gas comes with tax advantages. The reason, according to author, tax expert and 'Rich Dad' advisor Tom Wheelwright, is that the United States wants to reduce dependence on foreign oil. Therefore, the government provides tax benefits to those who invest in U.S.-based oil and gas projects. A licensed accountant can provide individual advice on how much of your initial oil and gas investment you can deduct. The article explained that many different countries offer tax breaks for agricultural businesses. That's because agriculture is central to a thriving economy. In the U.S., farmers can deduct 100% of the 'ordinary and necessary' costs of running a farm (seeds, feed, and more) when it's purchased. This isn't the case in other types of businesses, and has significant tax advantages. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 The New Retirement Problem Boomers Are Facing 6 Popular SUVs That Aren't Worth the Cost -- and 6 Affordable Alternatives This article originally appeared on 3 Ways To Not Be Average When Investing, According To Robert Kiyosaki Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17-05-2025
- Business
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‘Rich Dad' Robert Kiyosaki: 7 Reasons To Use the Stock Market To Generate Passive Income
The stock market has been especially volatile lately, and investors might be shying away from putting money in the market. However, some advisors are still saying the stock market can be a lucrative game if played right. Recently, on 'Rich Dad, Poor Dad' author Robert Kiyosaki's website, his team detailed why people should still be putting their cash into the stock market. Read on to find out how to make stocks work for you in 2025. Check Out: Learn More: To invest in real estate, someone would need to have a significant amount of capital. However, a person could get started in the stock market with any amount. Apps like Robinhood even make it possible to invest in partial shares, so those looking to invest have more options now than ever. Once an investor does accumulate more money, the stock market will pay off even more. Be Aware: Though there's some research involved beforehand, the act of putting money into the stock market takes a few minutes. It's something you can easily do as a full-time employee, so you don't have to worry about it taking up too much of your time. Some finance careers require a degree, a certification or sales expertise. Investing in the stock market just requires 'a desire to learn,' as the 'Rich Dad' article points out. The more research you do, the better stocks you'll pick and the more money you'll make. With the right picks, you'll always be gaining money no matter what the market is doing, and it's easy to cash out stocks when you decide to liquidate. Option contracts give the investor the ability to control when they sell their stocks. They can set a certain threshold to sell within a specific timeframe, which 'allow you to control large amounts of stock positions for pennies on the dollar,' according to the article. No matter what happens, usually there will be a stock that's going up. This means that there will always be a chance to make a profit with savvy investment choices. The article advised that many brokerage firms offer accounts with 'pretend money,' where new investors can test out buys without suffering any consequences. This way, they don't have to take a big risk with their savings. They can try out the market and get a feel for what investments do best. More From GOBankingRates What $1 Million in Retirement Savings Looks Like in Monthly Spending 5 Cities You Need To Consider If You're Retiring in 2025 5 Little-Known Ways to Make Summer Travel More Affordable How Much Money Is Needed To Be Considered Middle Class in Every State? Source 7 Reasons to Generate Passive Income With Stocks This article originally appeared on 'Rich Dad' Robert Kiyosaki: 7 Reasons To Use the Stock Market To Generate Passive Income Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
