Robert Kiyosaki, the renowned author known for his book “Rich Dad Poor Dad” on financial freedom, announced that he supports US President Donald Trump’s policy of opening 401k retirement plans to alternative assets.
Kiyosaki described Trump’s policy, which now allows 401k funds to be used in “alternative investments,” including real estate debt, physical gold and silver, and cryptocurrencies like Bitcoin and Ethereum, as a “get rich opportunity.” He said the move will allow more people to achieve financial security and extend the retirement years of the “baby boomer” generation.
The author claimed that traditional stock and bond markets were controlled by “wealthy investment bankers,” and that this system profited from working-class 401k savings. Kiyosaki also noted that even renowned investor Warren Buffett acknowledged the financial hardships faced by baby boomers and the fact that inflation was eroding the purchasing power of 401k accounts.
Kiyosaki stated that he has never held a 401k, mutual fund, or ETF, and that he makes his investments from the perspective of a business owner and a cash flow quadrant investor. The renowned author concluded his speech by saying, “I will continue to purchase gold, silver, Bitcoin, Ethereum, oil, and real estate.”
*This is not investment advice.