Financial expert Robert Kiyosaki advises against letting fear control decisions regarding money matters and encourages deliberate action regarding Bitcoin investments.
In a bold shout-out on social media juggernaut X on March 23, Robert Kiyosaki, the brainiac behind the best-seller "Rich Dad Poor Dad," has sounded the alarm on a pernicious mindset that thwarts folks from unlocking their hidden financial glory. He's talking about the insidious "Fear of Making Mistakes" (FOMM) — a mentality he deems far more destructive than the infamous "Fear of Missing Out" (FOMO).
While FOMO often eggs people to make risky investments as markets surge, FOMM paralyzes them from ever making a financial move. Here's a brash callout from Kiyosaki: "The biggest opportunity in history is here!" — a slam dunk reference to bitcoin. He suspects that the fear-mongering keeps many on the sidelines, yet cryptocurrencies might just be the ticket to striking it rich.
Bitcoin: The Ticket to Multi-Gen Wealth?
If history's any guide, those who overcome their paralyzing fear and leap into bitcoin might cash in big. As Kiyosaki puts it, the fearful FOMO crowd loosening their purse strings for bitcoin could join the ranks of the filthy rich. Those gripped by FOMM, meanwhile, may hem and haw until the digital gold crosses the six figures threshold, eventually concluding it's too expensive.
But this financial badass isn't done egging people on just yet! He urges his followers to grab the bull by the horns and get learning. Kiyosaki suggests lending an ear to wisdom whistleblowers like Jeff Booth, Michael Saylor, Samson Mow, Max Keiser, Donald Trump, and Anthony Scaramucci — controversial figures who've made their voices heard about bitcoin. Still, he advises balancing their rosy outlooks with a healthy dose of criticism.
In the dog-eat-dog world of finance, Kiyosaki's got a bone to pick with the U.S. dollar — he sees its devaluation as a ticking time bomb that could leave millions in the poorhouse. He trumpets bitcoin as a powerful alternative to these corrupt, government-backed currencies. This stance is no shocker for a man who champions financial education as the ticket to escaping the stifling lessons doled out in schools.
For those ready to give FOMM the heave-ho, Kiyosaki recommends bitcoin as a potential pathway to wealth-building. As the crypto market keeps evolving, his mantra remains clear: arm yourself with knowledge, make smart decisions, and act before it's too late!
[1] John Iadarola. "Robert Kiyosaki: 'Gold and bitcoin will outperform everything'." YouTube. The Young Turks, 12 Oct. 2020. Web. 04 Apr. 2023. www.youtube.com/watch?v=lJ6XF4-RMak[2] Francesca Willems. "Robert Kiyosaki Says Time Is Running Out to Join the Bitcoin Market." Forbes. Forbes Media LLC, 9 Nov. 2020. Web. 04 Apr. 2023. www.forbes.com/sites/francescawillems/2020/11/09/robert-kiyosaki-says-time-is-running-out-to-join-the-bitcoin-market/[3] Todd Wills. "Bitcoin Two Point Zero – Robert Kiyosaki Bullish on Bitcoin." YouTube. RT America, 2 Mar. 2021. Web. 04 Apr. 2023. www.youtube.com/watch?v=fbAqqm5a2yU
- Robert Kiyosaki, the author of "Rich Dad Poor Dad", warns that the fear of making mistakes (FOMM) can prevent people from investing in cryptocurrencies like bitcoin, which he believes might be the key to becoming rich.
- In Kiyosaki's view, overcoming FOMM and investing in bitcoin could bring significant financial gains, as the fearful "Fear of Missing Out" (FOMO) crowd may become wealthy by doing so.
- Kiyosaki encourages his followers to educate themselves about bitcoin and other cryptocurrencies, recommending Juanchi Graham, Michael Saylor, Samson Mow, Max Keiser, Donald Trump, and Anthony Scaramucci as sources of wisdom, but advises staying critical as well.
