Robert Kiyosaki Says Losing Everything Was a Good Thing
Key Takeaways
- •Kiyosaki said that repeated swings from wealth to nothing taught him lessons that made him more financially intelligent, an approach he credited to his "rich dad."
- •He identified five common money problems—having no money, earning too little, spending more than one earns, lacking funds for the future, and having too much—and said he has experienced all five.
- •He introduced a sixth problem, going from sudden riches to nothing, which he linked to inflated egos and dishonest managers, accountants, attorneys, or relatives, citing athletes, movie stars, lottery winners, and heirs as examples.
- •He reiterated his preference for gold, silver, and bitcoin over government-issued money, arguing these assets protect against currency weakness driven by heavy debt and loose monetary policy.
- •In March, he predicted bitcoin would reach $750,000 one year after a global financial crash he expects, though the asset's price can still decline.
Robert Kiyosaki, the personal-finance author best known for "Rich Dad Poor Dad," says losing everything turned out to be a good thing for him. He shared the view in an Oct. 16 post on X, explaining that repeated financial setbacks proved worthwhile because each one taught him lessons he could not have learned otherwise. The posts, which continue a numbered series he has been publishing on common money problems, also restate his preference for gold, silver, and bitcoin over government-issued currency.
Kiyosaki's commentary reaches a wide audience: "Rich Dad Poor Dad" has ranked among the best-selling personal-finance books since its 1997 release, and his X account has become a regular venue for views on money, hard assets, and economic trouble. The message continued his series cataloging problems. In it, Kiyosaki said he had waited before adding the sixth item until readers had seen his previous text.
TOO MUCH MONEY to NO MONEY
Thank you for reading my previous text. I waited before adding MONEY PROBLEM # 6.
- TOO MUCH MONEY to NO MONEY.
This problem hsppens a lot to many who are suddenly rich.
Many professional athletes, movie strs, lottery winners, inheritance…
— Robert Kiyosaki (@theRealKiyosaki) October 16, 2026
Kiyosaki wrote that he has gone through the swing from sudden riches to nothing "several times." He said the benefit came from treating his mistakes as lessons rather than becoming bitter, an approach he credited to his "rich dad." The goal, he said, was to become more financially intelligent after each setback.
The author also criticized the school system, saying formal education punishes mistakes instead of teaching people to study them. He argued that fear of errors, or a failure to learn from past decisions, can contribute to poverty. "Humans were designed to make mistakes, learn, and grow smarter," he wrote.
Five Money Problems, Plus a Sixth
In a separate Oct. 16 post, Kiyosaki said everyone has money problems, including the wealthy. He listed five: having no money, earning too little, spending more than you earn, lacking funds for the future, and having too much.
"I have had all five problems," he said. He explained that solving the first four eventually left him with the fifth — having too much money.
He then added a sixth problem: going from sudden riches to having nothing. Kiyosaki tied this to inflated egos or dishonest people gaining access to someone's money. He pointed to professional athletes, movie stars, lottery winners, and people who receive inheritances as examples, and named managers, accountants, attorneys, and relatives as possible sources of dishonesty.
Gold, Silver, and Bitcoin Remain His Picks
Kiyosaki has shared similar views on rebuilding wealth in recent months. In July, he discussed a hypothetical $10,000 rebuilding plan that put financial knowledge, mentors, and income skills ahead of buying investments. On Sept. 27, he warned that sharp drops in stocks and bonds could leave some baby boomers without enough time to rebuild their retirement savings.
In an Oct. 3 statement, he compared preparing for economic trouble to carrying car insurance. He again said he prefers gold, silver, and bitcoin over government-issued money. He has said these assets protect against a weaker currency and financial instability, pointing to heavy debt and loose monetary policy as reasons. That argument places him in a long-running hard-asset camp that views government-issued money as losing value when debt and money creation expand.
In March, Kiyosaki predicted bitcoin would reach $750,000 one year after a global financial crash he expects. Bitcoin's price can still fall, however, and holders can lose buying power if it drops while living costs rise.
Lessons Through a Board Game
In his Oct. 16 posts, Kiyosaki said he and Kim Kiyosaki created the Cashflow board game so people could practice money decisions with play money. According to Kiyosaki, players buy assets, review investment deals, and track the results of their choices.
His closing advice was simple: "Make mistakes, learn, grow, and enjoy a richer life." The numbered format leaves room for more entries, and readers following the series can watch his X feed to see whether a seventh money problem gets added.
