Robert Kiyosaki Warns Investors: ‘Rich Dad Poor Dad’ Author Reiterates Global Recession Fears, Cautions Against Financial Risks

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Financial educator and Rich Dad Poor Dad author Robert Kiyosaki has reiterated his warning about a global economic downturn, stating that the world is already in a recession.

In a post on X (formerly Twitter) on Wednesday, Kiyosaki wrote, “Is the WORLD in a RECESSION? I say ‘Yes.’” He emphasized that he has been cautioning people about economic instability since publishing Rich Dad’s Prophecy in 2012. However, he assured that it is not too late to adapt, urging individuals to take control of their financial education.

Kiyosaki contrasted the concept of FOMO (fear of missing out) with FOMM (fear of making mistakes), which he attributed to traditional education systems. He encouraged people to utilize free resources, such as YouTube, for financial learning while warning against misleading influencers. “The best and the worst education is free,” he noted.

Highlighting rising inflation and unemployment, Kiyosaki posed a critical question: “Will this recession make you richer or poorer? The choice is yours, and your choice of education can be free.” He urged individuals to see the downturn as an opportunity for financial growth, stating, “Take care and make this recession the best thing that has ever happened to you. You and only you have that power.”

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Economists Raise Recession Probability

Kiyosaki’s warning aligns with increasing global concerns about economic instability. J.P. Morgan’s chief global economist, Bruce Kasman, has raised the probability of a U.S. recession to 40%, up from 30% at the start of the year. He warned that “disruptive, business-unfriendly policies” could further escalate risks.

Kasman also cautioned about long-term damage to the U.S. investment landscape if trust in governance continues to decline. Meanwhile, Goldman Sachs and Morgan Stanley have both revised their 2025 U.S. GDP growth forecasts downward, projecting growth between 1.5% and 1.7%.

As concerns mount, financial experts and thought leaders like Kiyosaki continue to advocate for proactive financial literacy and strategic decision-making in uncertain economic times.

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