Robert Kiyosaki, author of the bestselling personal finance book Rich Dad Poor Dad, has reignited concerns about the global economy with his blunt statement: “We are in a recession.” In a recent post on X (formerly Twitter), Kiyosaki reminded his followers that he had already predicted such a crisis back in 2012, referencing his book Rich Dad’s Prophecy.
According to Kiyosaki, the time to take action is now more critical than ever.
Kiyosaki’s Warning: Act Before It’s Too Late
In his March 26, 2025 post, Kiyosaki asked followers, “Is it too late to learn and make changes?” and answered his own question with a firm “No.” He emphasized that time is an asset, encouraging individuals to use it wisely to become financially educated.
He also criticized traditional education systems for fostering FOMM — Fear of Making Mistakes — a mindset he says limits people from taking charge of their financial futures.
Investment Advice: Move Beyond Wall Street
Kiyosaki continues to champion non-traditional investments. His go-to list includes:
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Real estate
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Gold
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Silver
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Bitcoin
He believes these assets can better withstand financial turbulence compared to volatile Wall Street stocks. In his view, relying solely on traditional equities in a recessionary environment can be risky and limiting.
Smartest Investment Today? Self-Education
While many look to diversify portfolios, Kiyosaki asserts that self-education may be the best investment of all. He encourages using platforms like YouTube to learn—but with caution:
“YouTube gives you access to some of the smartest brains… but also con men and con women.”
He warns viewers to stay sharp and cross-verify knowledge rather than blindly follow online influencers.
Personal Responsibility in a Recession
Kiyosaki believes individual financial literacy will determine whether someone becomes richer or poorer during tough economic times. He writes:
“Recessions are unavoidable. But the outcome is your choice.”
He closes with the idea that ignorance and education are both free, but only one leads to leverage. According to him, the right knowledge empowers people to navigate recessions successfully.
FAQs
What does Robert Kiyosaki mean by “We are in a recession”?
Kiyosaki believes the global economy has already entered a recession phase, marked by inflation, job cuts, and market volatility. He’s been warning about it since 2012.
What is FOMM according to Kiyosaki?
FOMM stands for Fear of Making Mistakes. Kiyosaki criticizes schools for instilling this mindset, which he says prevents people from achieving financial freedom.
What investments does Kiyosaki recommend during a recession?
He advises exploring non-Wall Street assets like real estate, gold, silver, and Bitcoin, rather than solely depending on stocks.
Is self-education really better than stock investments?
Kiyosaki argues that self-education is the smartest investment, as it builds long-term financial independence and informed decision-making.
How can I start my self-education journey?
Start by consuming credible financial content on platforms like YouTube, reading books like Rich Dad Poor Dad, and following finance experts. But always verify sources before applying advice.
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Aanchal is a passionate writer with a keen interest in storytelling, content creation, and creative expression. She enjoys exploring diverse topics and crafting engaging narratives that captivate readers.