From Rich Dad to Doom Dad: The Fall of Robert Kiyosaki’s Credibility

How Robert Kiyosaki went from financial educator to doomsday promoter—and why it’s time for a new standard in financial advice.

There was a time when Robert Kiyosaki offered something valuable. His bestselling book Rich Dad Poor Dad taught millions of people the difference between assets and liabilities and opened the door to financial literacy for those who’d never been taught how money really works. I read it. I appreciated it. It sparked important conversations about wealth, independence, and passive income.

But the version of Kiyosaki we see today? That guy’s a shadow of the author who helped people think differently. Somewhere along the way, he stopped being an educator and started being a fearmonger.

Now, instead of practical advice, we get headlines like “The dollar is dead,” “Hyperinflation is coming,” or “Buy gold, silver, Bitcoin—everything else is a scam.” His interviews sound more like late-night infomercials than thoughtful economic insight. And the worst part? The media still eats it up.

Why? Because drama sells. Kiyosaki knows bold, doomsday predictions generate clicks and engagement, even if they’re wildly inaccurate. But let’s be real: if someone’s been consistently wrong about markets, inflation, and crashes for over a decade, why are we still listening?

It’s cheap. It’s lazy. And it’s the opposite of what real financial education should be. People deserve better than recycled panic and vague “buy gold” slogans from a man who once had something meaningful to say.

If we’re going to build a better financial future, we need to start tuning out the noise—and demanding more from those who claim to be teachers.

Message to Robert Kiyosaki 

“Robert, it’s time to step away from the scare tactics and return to the principles that once made you a trusted voice—or risk being remembered as just another doomsday peddler.” -Jason Born

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