Robert Kiyosaki, the author of finance classic Rich Dad Poor Dad has issued a stern warning: ‘’We are in recession’’. In a recent post on X, formerly Twitter), Kiyosaki claimed he has been alarming people about it since 2012, referencing his book Rich Dad’s Prophecy. Now, he says, the time to act is more crucial than ever.

Kiyosaki says time is an asset

”Is it too late to learn and make changes? No” Kiyosaki stated. ”Time is always an asset to you”. He criticised traditional education systems for implanting what he termed as ”FOMM-the fear of making mistakes,” an attitude that holds people back from financial independence.

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His message echoed with many online. One user commented, ”FOMM is real. Schools teach us to fear mistakes instead of learning from them.”

Kiyosaki argues that the smartest investment to make today is not in stocks but might be in self-education. He motivates people to utilise platforms like YouTube to acquire knowledge, but with caution. He mentioned, ”YouTube offers access to some of the smartest brains…but also brains of con men and con women.”

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Make investments beyond Wall Street

Kiyosaki has long been an advocate of not depending solely on Wall Street investments. In his earlier tweets, he advises alternative assets like real estate, gold, silver, and Bitcoin. He believes that all of these have a better option in holding up during economic downturns.

As inflation surges and unemployment is rising, Kiyosaki leaves the responsibility on individuals. ”Will this recession make you richer or poorer? The choice is yours.’’

One post read, ”Financial literacy is the ultimate leverage. The best decision is free, but so is ignorance. The choice is yours.”

Kiyosaki’s message is clear stating that recessions are unavoidable, but the outcome is up to you.