Robert Kiyosaki, the author of Rich Dad Poor Dad, believes that the biggest reason people remain poor isn’t a lack of opportunity; it’s the fear of making mistakes. In a recent tweet, he explained how this fear stops many from taking advantage of what he calls one of the greatest wealth-building opportunities in history: Bitcoin.
Most investors are familiar with FOMO—the fear of missing out that pushes people to invest when an asset is already soaring. But Kiyosaki says there’s something worse: FOMM, or the fear of making mistakes.
“The biggest opportunity in history is here… BITCOIN has made it easy for everyone to become rich… Yet most people with FOMM will miss one of the greatest wealth creations in history,” he wrote.
He predicts Bitcoin will cross $200,000 this year, but people with FOMM will hesitate and later say, “Bitcoin is too expensive.” Meanwhile, those driven by FOMO will have already built generational wealth.
Learn before you decide
Kiyosaki advises people to educate themselves by listening to both Bitcoin supporters and critics before making a decision. “Don’t take my word for it. Listen to the people I follow and learn from them,” he wrote, naming well-known Bitcoin advocates like Jeff Booth, Michael Saylor, Samson Mow, Max Keiser, and Cathie Wood.
According to Kiyosaki, traditional education doesn’t prepare people for financial success. He believes schools condition students to fear mistakes rather than see them as learning experiences. “Most of this crowd are not stupid. Many are highly educated… yet have been taught in our schools that people who make mistakes are stupid,” he said. He compares it to how babies learn to walk—by falling and trying again.
For Kiyosaki, financial knowledge isn’t something you’ll find in schools or on Wall Street. “The best news is… the most important financial education is on YouTube… and it’s FREE,” he said.
His message is clear: overcome the fear of making mistakes, educate yourself, and take action before it’s too late.
Also Read: Bitcoin Jumps to $87,000 as Arthur Hayes Predicts $110K Soon
