Robert Kiyosaki, author of the best-selling book Rich Dad Poor Dad, has cautioned against a common mindset he believes keeps many people financially stuck. His book has been a long-standing bestseller, translated into dozens of languages and read by millions worldwide seeking a path to financial freedom.

Kiyosaki shared on social media platform X on March 23: “The main reason poor people remain poor is due to FOMM: 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.” The acclaimed author believes that FOMM (Fear of Making Mistakes) is a deeper psychological barrier than FOMO (Fear of Missing Out). According to Kiyosaki, FOMM is what stops intelligent, often highly educated individuals from taking financial action, especially when it comes to investing in emerging opportunities like bitcoin.

He continued:

If history is any indicator, the FOMO crowd investing in bitcoin will accelerate into generational wealth … the FOMM crowd will wait till bitcoin passed $200K this year and say: ‘bitcoin is too expensive.’

The renowned author emphasized that the window of opportunity with bitcoin is still open but closing fast. He urged his followers to educate themselves by listening to voices from both sides of the bitcoin debate. “Don’t take my word for it. Listen to the people I follow and learn them,” he advised, noting that people he follows include Jeff Booth, Michael Saylor, Samson Mow, Max Keiser, Donald Trump, George of Cryptos R Us, Mark Moss, Larry Lepard, Kathy Wood, Raoul Pal, and Anthony Scaramucci.

“Then listen to those who trash bitcoin,” he further shared, adding:

Once you learn from those who love bitcoin and those who hate bitcoin, then you decide.

Kiyosaki, a long-time advocate of bitcoin, sees it as a revolutionary financial tool and a hedge against fiat currencies. He’s frequently warned of the declining U.S. dollar, the fragility of the economy, and the outdated lessons taught in schools. His core message remains consistent: embrace financial education, overcome the fear of making mistakes, and seize opportunities like bitcoin before it’s too late.

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