Controversial investor Robert Kiyosaki, author of "Rich Dad Poor Dad," revealed that the belief that hard work, saving money alone leads to wealth building is a misconception, pointing out that the real secret lies in how each dollar earned is used.



Kiyosaki said in a video clip posted on his Facebook account: "Hard work, saving money, and living frugally won't make you rich. The real question is: what do you do with every dollar that passes through your hands?"

He added that many people believe the path to wealth lies in working long hours, saving, and reducing expenses, but he sees that this method may not lead to building real wealth.

Kiyosaki clarified that the problem lies in confusing assets with liabilities, noting that some people buy luxury homes or expensive cars like Ferrari, Lamborghini, or Rolls Royce and consider them assets, when they are actually financial liabilities that consume money instead of generating income.

He explained that, for example, owning a home doesn't necessarily mean owning a true investment asset, because mortgage costs, insurance, maintenance, and taxes may make the home a financial burden instead of a source of income.

Kiyosaki believes that the best way to build wealth is to use money to purchase assets that generate income or appreciate in value over time.

He said: "If you use this dollar to buy assets like gold, silver, and bitcoin, or like a business venture, real estate, or dividend-paying stocks, then you're choosing wealth," pointing out that the real goal is to make money work for you instead of relying solely on work to generate income.$BTC $XAGUSD50 $XAGUSD
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