‘Rich Dad’ R. Kiyosaki: People are addicted to cash, saving ‘paper’ makes no sense
Amid his countless warnings that fiat money, particularly the United States dollar (USD), would become worthless soon, Robert Kiyosaki, the author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ has explained why it might be difficult for many people to give up on paper cash. Indeed, the renowned investor was discussing the current economic climate, the potential collapse of the USD, and the importance of investing in precious metals with his guest, a successful entrepreneur Clay Clark, during an episode of The Rich Dad Channel podcast streamed on November 1. As Kiyosaki explained, holding a dollar bill in his hand: “The point here is this – it’s people are addicted to this here. (…) My whole family, they hang onto paper . They’re Japanese, what do you expect? The Japanese are savers, and they save paper . It makes no sense to me.” Kiyosaki’s alternatives to ‘paper’ Cryptocurrency ChatGPT picks 3 cryptocurrencies to invest in ...
