Wealthy Dad Poor Dad creator Robert Kiyosaki on Wednesday doubled down on his long-standing warning of a worldwide financial downturn, stating, “Is The WORLD in a RECESSION? I say ‘Sure.’” In a submit on X, Kiyosaki stated he had been attempting to warn individuals since writing Wealthy Dad’s Prophecy in 2012. “Q: Is it too late to be taught and make adjustments? A: NO. However time in your aspect and time is all the time an asset to you,” he wrote.
He contrasted “FOMO” – worry of lacking out – with “FOMM”, or worry of constructing errors, which he claimed is a worry instilled by faculties. He inspired individuals to leverage platforms like YouTube to teach themselves, whereas warning of the risks of deceptive monetary influencers. “The very best and the worst training is free,” he famous.
“The information are the world is in a recession. The information are inflation goes up and so is unemployment,” Kiyosaki stated, urging readers to mirror: “Will this recession make you richer or poorer? The selection is yours and your selection of training could be free.”
“Take care and make this recession the very best factor that has ever occurred to you. You and solely you might have that energy,” he added.
Kiyosaki’s remarks come amid rising international issues about recession. J.P. Morgan’s chief international economist Bruce Kasman has raised the likelihood of a U.S. recession to 40%, up from 30% initially of the yr. He warned that “disruptive, business-unfriendly insurance policies” might improve the danger additional.
Kasman additionally flagged potential long-term harm to U.S. funding attraction if governance belief continues to erode. Goldman Sachs and Morgan Stanley have each downgraded their 2025 U.S. GDP progress forecasts, projecting figures between 1.5% and 1.7%.
