‘Best time to get rich is approaching': Robert Kiyosaki predicted up to 15,000% upside in these 3 assets. Was he right?

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Rich Dad Poor Dad writer Robert Kiyosaki is known for making bold predictions astir the market.

He declared, “Best clip to get affluent is approaching,” successful a station connected X backmost successful July 2024 (1).

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But the renowned writer has besides warned that "real property markets are crashing" and "bad times are coming."

So far, markets person been volatile but resilient. Despite crisp swings earlier successful the year, the banal marketplace has mostly rebounded. The benchmark S&P 500 scale is up much than 17% year-to-date arsenic of precocious December (2).

Still, Kiyosaki insists the information hasn’t passed — because, successful his view, marketplace collapses don’t unfold each astatine once.

In a caller station connected X, helium warned, “Crashes don’t hap implicit night. Crashes instrumentality decades to hap (3).”

Regarding however to navigate the hard times, Kiyosaki shared immoderate contented from Rich Dad, his mentor and inspiration for the book.

“As my Rich Dad taught me…. ‘If you don’t larn however to marque wealth successful your sleep… you’ll ne'er beryllium rich.’ The clip to marque wealth successful your slumber is arriving now,” helium wrote (1).

His suggestions are alternatively straightforward, including “keep studying”, “attend seminars” and “listen to palmy people.”

Kiyosaki besides provided much elaborate insights connected what lies up and however to capitalize connected it.

The rationale down Kiyosaki’s “bad times” informing appears to beryllium technical.

In a X station connected Dec. 10, Kiyosaki wrote, “This clang the satellite is going done now, perchance the worst clang successful history, started backmost successful 1913 , 112 years ago, erstwhile the Marxist US Federal Reserve Bank….took implicit America’s monetary strategy (3).”

A marketplace clang of this magnitude could beryllium devastating for astir retail investors.

For instance, during the lodging and recognition situation of the precocious 2000s, American households mislaid astir $16 trillion successful nett worthy (4).

A much caller illustration is the banal marketplace selloff successful 2022. Although it pales successful examination to Kiyosaki’s projections of the biggest clang successful history, CBS News reported that 401(k) and IRA program participants experienced an estimated nonaccomplishment of astir $3 trillion (5).