Rich Dad Poor Dad Author Advises Amid Rising Interests
March 29, 2023
Robert Kiyosaki has got a piece of advice for people-
SHOP til YOU DROP
. Let's see what he mean by that!
Kiyosaki has asked people to put money into investment products like gold, silver, and BC.
He is equally turning towards the luxury brands like Prada, Panerai, and Polo because rich brands are on sale.
But why?
Because interest rates are rising due to inflation. FED also raised rates to sustain the fight against high inflation recently.
Taking a shot when retail prices are dropping is what he aims to convey. For sure, growing interest rates will reduce capitalism.
Kiyosaki- " Inflation is systemic not transitory."
A Twitter user responded- "Rising interest rates may kill misallocated capital, but not capitalism."
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