The Rich Don't Save, They Invest: Why Robert Kiyosaki Thinks Cash is a Trap

Bitcoin, Gold or Silver: Why Robert Kiyosaki Thinks Saving in Cash is a Bad Idea

In his latest book, "Poor Dad, Rich Dad", financial expert Robert Kiyosaki has made a bold statement - saving money in cash is a bad idea. Instead, he recommends investing in assets like gold, silver, or even cryptocurrency like Bitcoin.

Kiyosaki, who has made a fortune through real estate and other investments, believes that cash is losing its value rapidly due to inflation and the decline of the US dollar. He argues that the dollar's purchasing power has decreased by over 90% since 1930, making it a poor store of value.

The billionaire investor has been a vocal advocate for investing in precious metals like gold and silver. He believes that these assets have inherent value and are less likely to be affected by inflation or economic downturns. Kiyosaki has been a fan of gold for years, and has even gone as far as to say that it's a better store of value than real estate.

However, Kiyosaki is not a fan of Bitcoin, which he sees as a speculative asset. He believes that the cryptocurrency is driven by emotions and speculation, rather than fundamental value. He has said that he would only invest in Bitcoin if it drops to $5,000.

The financial expert's views on cash are not without controversy. Many experts argue that cash is still a vital component of a diversified investment portfolio, and that it provides liquidity and flexibility in times of economic uncertainty. Others have criticized Kiyosaki's views on Bitcoin, saying that it's a legitimate asset class that has the potential to provide strong returns.

Despite the controversy, Kiyosaki's views on cash and investing are likely to resonate with many investors who are looking for alternative ways to grow their wealth. His emphasis on diversification and taking calculated risks is a key part of his investment philosophy, and is likely to appeal to those who are looking for a more proactive approach to investing.

In the end, whether or not to save in cash is a personal decision that depends on an individual's financial goals and risk tolerance. However, Kiyosaki's views on the subject are certainly worth considering, especially for those who are looking for alternative ways to grow their wealth.