War is profitable, time to get richer: ‘Rich Dad Poor Dad’ author Robert Kiyosaki

The war between Iran and US-Israel has wiped out massive sums of investors’ wealth as the skyrocketing rally in oil prices rattled markets. Rich Dad Poor Dad author Robert Kiyosaki feels that war is not good for anything, but it is tragically profitable.

Taking to X, the popular author quoted a Vietnam-era protest song: “War: What is it good for? Absolutely nothing.” He, however, noted that if wars were not profitable, there wouldn’t have been any wars.

Kiyosaki said that he served Vietnam’s military twice, once in 1966 and then in 1971-72. During this time, he lost many friends. “I returned to Vietnam three weeks ago to find my own answers, say goodbye to lost friends, and make peace with myself. My concern about this war in the “Holy Lands” is for those killed and wounded in this war,” he said.

The author added that his concern also includes those of us at home who are far from this war but will suffer financially due to inflation. “Our national debt, poverty, and homelessness are how we all pay for this war,” he further said, adding that this is why financial education is essential in times of peace and especially in times of war.

“Your greatest asset is you, and your choices as to what financial education you choose to put into your brain. War may be a time for you to get smarter and richer….if you choose your teachers and your financial education with care,” he wrote.

https://x.com/theRealKiyosaki/status/2038050835574472771In another post earlier, Kiyosaki reiterated his view that investors can get richer in case of a crash in 2026, as predicted by the renowned French astrologer Nostradamus in the 1500s and Edgar Cayce in the early 1900s.“I started with nothing while still flying for the US Marines and rarely sell. Like many of you, I had no money to start with… but I just bought small assets, held them for years, and rarely sold. Most of you know I bought my first six Bitcoins for $600 — all the money I had — and did not eat for days. It took plain and simple US Marine Corps discipline and close friends, not with money but with spiritual support,” he wrote in his post on X.

Kiyosaki claimed that even billionaire investor Warren Buffett has sold billions of dollars worth of stocks and is sitting on large cash reserves, waiting for markets to fall so he can buy assets at lower prices.

“Rich lesson on investing: Investors who can see the future are the investors who get richer. The ‘buy, hold, and pray’ crowd will be the biggest losers,” he added.

The rising hostilities in the oil-rich Middle East have led to the prolonged closure of the Strait of Hormuz, resulting in a mind-boggling rally in oil prices. Brent crude is currently hovering above the $110-level. The sharp surge has triggered inflation worries back in India as well, leading to a massive selloff on Dalal Street.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)