Why did Robert Kiyosaki refuse to invest $10,000?
Rich Dad Poor Dad author Robert Kiyosaki outlined his hypothesis for a financial reset at age 79 on the July 18 episode of the Rich Dad radio show. goldand was left with $10,000 to start over, but he had no intention of investing it.
A famous writer said:
“I’m 79 years old. If I lost all my business, all my property, all my money today, goldand if someone hands me $10,000, I won’t invest it. It’s not a dollar. ”
His refusal is central to the scenario because he believes that money produces different results depending on the knowledge of those who manage it.
This position stands in contrast to Kiyosaki’s broader investment message. he has repeatedly recommended goldsilver, Bitcoin This was as a protection against what he called “fake money,” and warned that rising U.S. debt and flawed monetary policy would erode fiat currency. He explains: gold And silver is considered “God’s money” Bitcoin as “the people’s money”, emphasizing the monetary and industrial uses of silver.
“$10,000 in the wrong hands is gone. $10,000 in the right hands is free. It’s the same money, but if it ends up in different hands,” Kiyosaki said. He cautioned that people commonly take their money and jump into stocks, cryptocurrencies and financial instruments they don’t understand, adding: “That’s a mistake. It’s not the stocks, it’s not the cryptocurrencies.”
Where will the money go instead?
Kiyosaki said that before purchasing any assets, the first expense would be for education. “Before I invest a single dollar of that $10,000, I’m going to invest in financial education, books, seminars, and time with people who have already accomplished what I want to do – mentors,” he said. The goal would be to rebuild judgment before risking capital.
Kiyosaki distinguished between experienced mentors and financial advisors who primarily recommend products. He said he would seek guidance from people who have started businesses, bought real estate, raised capital or recovered from significant losses. He argued that choosing the wrong source of financial guidance could be more costly than a market downturn, saying:
“That difference will cost us more than previous market crashes.”
“Mistakes are impatience; it is the mind that corrects,” said this famous writer. From there, he explains, it’s a tool for developing sales, marketing and communication skills, generating income and providing opportunities. You’ll also learn to analyze cash flow, identify undervalued properties, find investors, and build partnerships to attract outside capital.
What could ruin a rebuilding plan?
Finding deals that others are willing to fund is the next step in your plan. Rather than use his $10,000 as a down payment, he used it to understand what separates strong opportunities from weak ones. His assertion that “big things make money” reflects his investment philosophy, and results are not guaranteed.
Kiyosaki said the turnaround strategy could fail if fear or greed influenced financial decisions. He argued that the biggest threat to $10,000 does not come from markets, inflation, or financial crises, but from emotion.
“If you can’t protect that $10,000 from the two things that destroy it in the first place, it’s not the market, it’s not inflation, it’s not the crash, it’s something much closer to home, and you’re going to carry those two into every financial decision you make going forward.”
Fear and greed are “the two things that will destroy $10,000 faster than any crash,” he says. Fear can make people reluctant to take action, and greed can push money into opportunities that are not well understood. So his answer is not any particular asset. He will spend $10,000 to rebuild his knowledge, earning power, and judgment before purchasing investments.
