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The Crash Has Begun: Robert Kiyosaki’s Tips to Get Rich in Rough Times

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  • According to Kiyosaki, the financial collapse has already started, offering chances to make profits from deals in the market.
  • He highlights recent market trends and price data while advising investors to invest in cheap assets like silver and Bitcoin.

Popular author and investor Robert Kiyosaki has stated that the financial crisis has already begun. He claims that this is the ideal time for savvy investors to take advantage of deals in emerging markets.

The Stark Warning: Kiyosaki’s Inevitable Crash 

Kiyosaki has been warning for a long time about a serious financial collapse, and he finally confirms that the catastrophe is happening. Though he does not think everything is lost, he does think that “crashes are the best time to get rich,” since good investment opportunities frequently arise during these times.

Kiyosaki provides six essential guidelines for surviving the crash. The first guideline emphasizes the value of patience over greed: “Don’t catch falling knives.”

His advice to investors is to hold off on making purchases until the price of assets has reached its lowest point. This strategy is essential for preventing hasty investments in depreciating assets.

Investing Sensibly in Precious Metals: Silver Linings

Kiyosaki emphasizes the worth of silver as an industrial and precious metal by using the metal’s current price, which is far lower than its peak. Given the continuous worldwide wars, its demand is projected to increase, making it an especially good deal in the current economic environment.

Understanding Finances: Vital Survival Skills

Kiyosaki highlights the importance of financial education as the second rule, particularly in times of economic crisis. He advises using websites such as YouTube to have access to a variety of financial viewpoints and approaches.

Innovation and Entrepreneurship: Your Road to Financial Independence

Moving on to personal development, Kiyosaki suggests starting a side business as his fourth guideline. He points out that as traditional professions grow more precarious, particularly in light of the development of artificial intelligence, self-employment can be a reliable source of income.

Putting Money Into Real Assets: Bitcoin, Silver, and Gold

Kiyosaki cautions against hoarding fiat currencies that are losing value in his last rule. Rather, he suggests putting money into assets like Bitcoin, silver, and gold.

Despite a 7.92% drop over the previous week, Bitcoin is currently trading at $59,389.12, according to recent data from CoinMarketCap. This is a 2.68% increase over the previous 24 hours.

In the past, Kiyosaki has backed Bitcoin investments in defiance of Harry Shuler Dent’s pessimistic prediction that the cryptocurrency’s price will drop to $200, in line with what ETHNews previously disclosed.

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Syofri is an active forex and crypto trader who has been diligently writing the latest news related to the digital asset sector for the past six years. He enjoys maintaining a balance between investing, playing music, and observing how the world evolves. Business Email: info@ethnews.com Phone: +49 160 92211628