Wealthy Dad Poor Dad writer 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 publish on X, Kiyosaki stated he had been attempting to warn folks 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 facet and time is at all times an asset to you,” he wrote.
He contrasted “FOMO” – concern of lacking out – with “FOMM”, or concern of creating errors, which he claimed is a concern instilled by faculties. He inspired folks to leverage platforms like YouTube to coach themselves, whereas warning of the hazards of deceptive monetary influencers. “The most effective 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 alternative of training will be free.”
“Take care and make this recession the perfect factor that has ever occurred to you. You and solely you may have that energy,” he added.
Kiyosaki’s remarks come amid rising world considerations about recession. J.P. Morgan’s chief world economist Bruce Kasman has raised the likelihood of a U.S. recession to 40%, up from 30% initially of the 12 months. He warned that “disruptive, business-unfriendly insurance policies” might improve the chance 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 development forecasts, projecting figures between 1.5% and 1.7%.