Member-only story
Don’t fall for this! Beware of Risky Financial Advice: Why Robert Kiyosaki’s Take Could Be Hazardous to Your Wealth.
I woke up to find Robert Kiyosaki broadcasting his latest prophecy: “Savers are losers.” Apparently, millions of 401(k)s and IRAs are, in his words, going to be “toast,” and he’s generously offering advice on how to safeguard your savings. Because nothing says “trustworthy financial guidance” like a guy who’s been famously a billion dollars in debt.
He’s on the internet with his latest pitch:
Alright, here’s the thing — how many people do you think have been sweet-talked out of their savings by crypto and gold peddlers in just the last five years? More than enough to fill a gorgeous Atlantis hotel in the Bahamas! Here’s the kicker: the real money-makers here aren’t the folks investing; it’s the ones selling them the “sure thing.” Gold is heavy, sure, but not foolproof, and crypto? It’s like Monopoly money for the internet, backed by nothing. Rule of thumb: if a fast-talking guy’s got a slick pitch, keep your wallet close!
He argues that the stock market is bound to crash, yet it’s essential to consider a few…