Robert Kiyosaki’s 6 Rules for Surviving a Bad Market Crash Includes Bitcoin: Details

Robert Kiyosaki, the author of the best-selling financial book Rich Dad, Poor Dad, has outlined six rules for surviving a market crash, citing bitcoin (BTC) as real money that rises in value.

According to tweet by the financial educator, the market crash has begun and it’s going to be bad. However, these seasons are the best opportunities to get rich because “deals will surface.”

Kiyosaki’s rules for a market crash

The first rule is to refrain from catching falling knives. Kiyosaki said falling prices should not stimulate greed. Rather, investors should wait until asset prices have bottomed out and no one is showing interest in the assets they want.

While waiting for the market to bottom, Kiyosaki has urged investors to study the financial sector, focusing on real estate, taxes, stocks and oil. Platforms like YouTube have many teachers; however, Kiyosaki warned investors to differentiate between real and fake guardians. When discovering great tutors, market participants should invest time “getting inside the teacher’s head” by reading their books and listening to their podcasts.

Also, the author of Rich Dad Poor Dad advised investors to make new friends who are on the same path as them.

“Find new friends who are on the same path as you. Stay away from victims: people who blame others for their problems. Stay away from MARXIST: people who expect the government to solve their problems,” said Kiyosaki.

“Save Bitcoin”

In addition, Kiyosaki told investors to start small businesses as side steps to becoming entrepreneurs. As artificial intelligence will eventually eliminate millions of jobs, Kiyosaki urged market participants to become employees who are not afraid of losing their jobs.

Finally, the financial guru urged investors to save real money during this market crash and not fake money because the former increases in value over time while the latter only depreciates. As Kiyosaki has always said, real money includes BTC and precious metals like gold and silver, while fake money includes fiat like the US dollar, the euro, and the Japanese yen.

“TAKE CARE and make this CRASH the best thing that ever happened to you,” added Kiyosaki.

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