In 1997, Robert Kiyosaki self-published “Rich Dad, Poor Dad”, a book that sold over 44 million copies. Since then, he has given financial advice through various platforms, with some controversial opinions. Kiyosaki believes saving money doesn’t make you rich, suggesting investing in real estate, businesses, or education instead.

While saving money is a common financial practice, Kiyosaki disagrees, claiming it holds you back. He argues that saving loses value to inflation and misses growth opportunities, advising to invest in income-producing assets. However, experts recommend having an emergency fund to avoid debt during unexpected events.

Kiyosaki discourages investing in a 401(k), citing high fees, lack of control over investments, and tax disadvantages. He believes other investments offer better returns. He also highlights the benefits of capital gains tax over income tax in growing wealth over time. Additionally, employer 401(k) matching is seen as a safe way to double investments.

Read more at Yahoo Finance: Robert Kiyosaki’s Top Advice That You Should Probably Avoid