American investor and author of Rich Dad Poor Dad, Robert Kiyosaki, shared financial lessons with his followers on social media platform X. This time, he sparked controversy by claiming that “money often makes people and nations poorer” in many cases.

Kiyosaki provided several examples to reinforce his opinion and urged people to improve their financial literacy to avoid similar pitfalls. He has long been a vocal advocate for changing the mindset toward money, viewing it as a tool for creating additional wealth rather than merely something to be earned and spent.

“Money Makes People Poorer”

“In many cases, money makes individuals and countries poorer,” Kiyosaki stated.

He cited an extreme example of professional athletes who earn millions of dollars during their careers. Reports show that 65% of them end up bankrupt within seven years of retirement.

The same is true for lottery winners or gamblers who gain millions, only to lose everything and fall into poverty shortly afterward.

“Then look at the average worker—many live paycheck to paycheck and eventually die broke,” Kiyosaki wrote on X, as reported by Financial Express on Monday (August 25, 2025).

He argued that this is often due to “poor parenting and inadequate financial education.”

“That’s why you should find wealthy mentors and friends, like the advisors featured in my Rich Dad book—people who write about money, challenges, mission-driven businesses, and successful entrepreneurship. Why win the lottery and end up bankrupt? Or why work your entire life only to die poor? You are much smarter than that,” he emphasized.

Stock Market Crash Prediction

In the same post, Kiyosaki also warned of a potential massive stock market crash.

He has repeatedly voiced concerns about a severe financial downturn in recent months and suggested gold and silver as safer alternative investments.

Additionally, he encouraged people to invest in cryptocurrencies like Bitcoin but cautioned against doing so recklessly.

In a mid-July post, Kiyosaki stressed that he would refrain from buying Bitcoin until he could better assess market developments.

“Stock market crash indicators are warning of a massive downturn. This is good news for owners of gold, silver, and Bitcoin. But it remains bad news for Baby Boomers who have little retirement savings,” he wrote.