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GOBankingRates
GOBankingRates
Nicholas Morine

Robert Kiyosaki’s Most Outdated Piece of Advice (But Can It Still Work?)

Gage Skidmore / ZUMA Press Wire

Finance guru and noted author Robert Kiyosaki — most famous for 1997’s “Rich Dad Poor Dad” — is known worldwide for his concise advise related to all money matters. A frequent critic of fiat currency as “fake government money” in favor of investments in precious metals, cryptocurrency, and real estate, Kiyosaki has not historically shied away from controversial takes.

Among his comments on cash (and more particularly, the saving thereof): “Savers are losers. Cash is trash,” as well as “Adding to my gold, silver, Bitcoin, and Ethereum stack. Savers of U.S. dollars are losers. Be a winner.”

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