Robert Kiyosaki, the well-known author of Rich Dad Poor Dad, offered advice on how to survive the current high inflation environment on social media platform X this week. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.

Kiyosaki called the U.S. dollar “FAKE $” and explained that the currency became fake in 1971 when President Richard Nixon took it off the gold standard. “Since 1971 the U.S. dollar was propped up via U.S. Treasuries and bonds,” he described, adding:

That is why I stated in Rich Dad Poor Dad 1: The rich don’t work for (fake) money 2: Your house is not an asset. 3: Savers are losers.

In a separate post on X, Kiyosaki discussed the struggles faced by Millennials, Gen X, Gen Z, and some Baby Boomers amid the “everything bubble,” which he had referenced in earlier posts. He stressed that younger generations are struggling to afford homes and maintain their standard of living.

Drawing on his experiences growing up in Hawaii, Kiyosaki said that rising costs have long been an issue, even for him. “I feel for these generations. I empathize. I too had the same personal doubts growing up in Hawaii. Real estate and the cost of living are so high in Hawaii … I wonder how young people today … survive. For example, I just purchased an egg salad sandwich for my dinner in Waikiki. Price $14.00. I can afford $14 yet the price still is hard to swallow. The good news is the high cost of living growing up in Hawaii … caused me to seek a new teacher … which is how I met my rich dad,” he detailed, advising:

If you are wondering how you will survive and thrive in today’s high inflation environment … you may want to do what I did … I began seeking new teachers.

“The good news is social media channels such as Youtube offer you a massive array of teachers. Find the teachers that talk to your body, mind, and spirit and grow into the rich and successful person you know you are. When you attain financial success … Give back by teaching students who want to learn from you,” Kiyosaki recommended. He further shared:

That is all I did. I give back financial and life lessons my rich dad gave to me.

“In other words: ‘Give and you shall receive.’ And ‘The more you give … the more you receive.’ It’s spiritual wealth. Best of luck,” he opined.

Last week, the acclaimed author predicted a catastrophic stock market crash and the collapse of the “Everything Bubble.” He advised investors to prepare for financial turmoil, suggesting that those ready could emerge wealthier. Earlier this month, he also expressed concerns about World War III, citing global tensions and the need for stronger leadership. He has consistently warned about geopolitical threats and energy-driven conflicts. Kiyosaki further criticized debates over bitcoin versus gold, arguing the real issue is the $35 trillion U.S. debt. He cautioned that the bond market is collapsing and urged people to stop saving in dollars, calling it “fake money,” and to instead save gold, silver, and bitcoin, which he considers “real money.”

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