InvestorCrypto.net - Renowned financial expert and author of Rich Dad, Poor Dad, Robert Kiyosaki, shares his insights on how to survive market turmoil, emphasising the importance of Bitcoin as a valuable asset.
According to Kiyosaki's tweet, the market collapse has begun and is expected to worsen in the future. However, he believes that this period presents the best opportunity to accumulate wealth as there will be undervalued assets that savvy investors can take advantage of.
Kiyosaki's first rule for surviving market turmoil is to avoid the risk of falling, meaning investors should not buy investment instruments out of greed to acquire assets that are rapidly depreciating in value.
Instead, they should wait until the asset reaches its lowest point and there is little interest in it. As cited by Coinotag, while waiting for the market to reach its lowest point, Kiyosaki advises investors to educate themselves about the financial sector, focusing on real estate, taxes, stocks, and oil.
He warns investors to differentiate between genuine and fake tutors, and once they find credible mentors, take the time to understand their perspectives by reading their books and listening to their podcasts.
Kiyosaki also stresses the importance of networking with like-minded individuals and avoiding those who blame others for their problems or expect the government to solve them.
He encourages investors to start small businesses as a side venture to become entrepreneurs, especially considering the threat of job loss due to artificial intelligence.
Finally, he suggests investors to hold onto real money during market collapses, as it will appreciate over time, unlike fake money which depreciates.
According to Kiyosaki, real money includes Bitcoin and precious metals such as gold and silver, while fake money comprises fiat currencies like the US dollar, Euro, and Japanese yen.
In conclusion, Robert Kiyosaki provides valuable advice for navigating through market uncertainties by being patient, educating oneself, networking wisely, and holding onto true assets.
By following his guidance, investors can position themselves to thrive in turbulent economic times and build lasting wealth for the future.
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