R. Kiyosaki warns AI will put millions out of work 
Finance Jul 18, 2024 Share
In his most recent video address to his followers, famous investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad’ Robert Kiyosaki has shared more advice on achieving financial greatness, including keeping an eye out on artificial intelligence (AI).
As it happens, Kiyosaki was discussing the goals that young people needed to set for themselves with Ken McElroy, the author of the personal real estate investment book ‘The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss’ in a video shared on his X profile on July 17.
In this video, my good friend and partner, Ken McErloy and I refect on a range of topics. I share my journey from a Vietnam pilot to successfully raising capital for multiple companies and explain the value of real-world experience over formal education. Keep watching and Ken as… pic.twitter.com/yp35yJJRjU
— Robert Kiyosaki (@theRealKiyosaki) July 17, 2024
Making companies public
Particularly, the ‘Rich Dad’ author shared the most important skills to become a successful entrepreneur, including the ability to sell and raise money, for which reason he had set himself a goal to make three companies public via an initial public offering (IPO).
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For this reason, Kiyosaki’s first such endeavor was making a company public on the Toronto Stock Exchange (TSX) – a gold mine in China, followed by an IPO on the New York Stock Exchange (NYSE), and, finally, an IPO to list a company on the NASDAQ stock market.
Dangers of AI to traditional jobs
However, as one of the most important lessons, the finance educator singled out the advances in AI technology, which he believes will endanger millions of jobs in the United States, particularly the driving industry, as “34% of all American jobs are driving jobs,” like for Uber (NYSE: UBER) and Lyft (NASDAQ: LYFT).
“AI – this is the thing I’m watching. Because ‘AI’ is ‘artificial intelligence.’ It’s gonna put millions out of work. That’s my prediction. I hope I’m wrong.”
Instead of looking for work in industries that AI will soon take over, Kiyosaki recommends getting a job “that requires brains and skills, something you can work with your hands, like if you could fix a car, (…) a computer, or build a house. (…) But these guys who are A-students, they’re gonna be hanging on a cross for Easter.”
Indeed, the popular entrepreneur has long shared his views and advice on thriving and succeeding in today’s challenging environment, including stocking up on “real assets,” like gold, silver, and Bitcoin (BTC), as well as comparing teachers to bureaucrats who lack the competence to educate anyone on finances.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
