Author of "Rich Dad Poor Dad": The worst thing to do during a crash is...

Background Information:

As the cryptocurrency market experienced a significant downturn, with Bitcoin's price briefly falling below $95,000, well-known investor and author of “Rich Dad Poor Dad” Robert Kiyosaki made this statement on his social media platform X. He took this opportunity to elaborate on his unique investment philosophy in the face of market panic and his long-term assessment of the global economy.

Robert Kiyosaki Introduction:

Investor, entrepreneur, financial education advocate, and author. He is the author of the bestselling book “Rich Dad Poor Dad,” which advocates creating cash flow through assets and investments to achieve financial freedom.

Robert Kiyosaki (@theRealKiyosaki) Tweet:

Bitcoin is crashing:

Everything bubbles is bursting…

Question: Am I selling?

Answer: No: I am waiting.

Q: Why don't you sell?

Answer: The reason for all market crashes is that the whole world urgently needs cash.

Answer: I don't need cash.

Answer: The real reason I don't sell is that the problem lies in the fact that the whole world is deeply in debt…

My bet is that the “Big Print” described in Lawrence Lepard's book is about to begin…

This will make gold, silver, Bitcoin, and Ethereum more valuable… because fake money is collapsing.

Q: Is it possible that Lawrence and I are wrong?

A: Yes.

I do not provide investment advice.

I am just sharing what I am doing.

This is the reason I talked about “learning with like-minded people” in my previous tweet.

Most of my friends don't need cash… so they panic less.

Simply put… If you feel fear and need cash like most people in the world… you might want to sell your best assets to turn them into cash.

Miss Piggy's Financial Wisdom:

I follow the financial advice of Miss Piggy from the Muppets, she suggests:

“The key to money management is to always find a way to have a lot of money.”

In “Rich Dad Poor Dad”, Rich Dad refers to it as “cash flow” from assets such as real estate, oil wells, livestock, and private investments.

I don't trust stocks or bonds, but if you trust… like Warren Buffet… do what is most beneficial for you.

Piglet's suggestion is wise, which is also the reason like-minded individuals attend financial seminars and learn together.

Please be careful.

If you are panicking and lacking cash, learn from your mistakes.

I have often fallen into panic and learned invaluable personal finance lessons that were not taught in the school’s traditional “job-search” education.

When I ran out of cash, I painfully learned the lesson about money management from Peppa Pig.

However, these lessons, though painful, are invaluable. It is those painful lessons that made me a wealthy person… owning assets that generate cash flow, just as I wrote in “Rich Dad Poor Dad” and taught in my “Cashflow” board game.

The game “Cash Flow” teaches through players making mistakes.

Making mistakes is the way humans are designed to learn. Unfortunately, schools punish students for making mistakes. It's no wonder there are so many educated poor.

Please take care and keep learning…