Fear of Mistakes Is Costing You Wealth

With the recent tariff war, the Fed’s interest rate paused for the second time, and global economic uncertainties have created a mess in the crypto space. Investors are at a crossroads weather to invest, sell, or stay firm in the market. One expert blames it on a lack of education. Here’s an enigmatic eye-opener for those who are dealing with the fear of missing out.

Robert Kiyosaki, the renowned author of Rich Dad Poor Dad, has once again made a strong case for why some people remain financially stagnant while others build wealth. According to him, it’s not just Fear of Missing Out (FOMO) that holds people back, but something deeper—Fear of Making Mistakes (FOMM). He argues that this fear keeps many from taking advantage of life-changing financial opportunities, particularly Bitcoin.

Bitcoin: The Greatest Wealth Opportunity?

Robert Kiyosaki believes that many people invest blindly, relying on social media, friends, or financial news instead of doing proper research. He warns that this mindset turns investing into gambling, increasing the risk of losses. 

Hence, Kiyosaki sees Bitcoin as one of the biggest wealth-building opportunities in history, yet he believes many will hesitate due to FOMM. He predicts that as Bitcoin crosses $200,000, skeptics will say, “It’s too expensive,” just as they did when it was at $10,000, $20,000, and beyond. Meanwhile, those who understand its long-term value position themselves for generational wealth. 

The Importance of Learning From the Right People

Rather than simply urging people to buy Bitcoin, Kiyosaki encourages learning from both supporters and critics to form an educated perspective. He follows well-known Bitcoin advocates like Michael Saylor, Samson Mow, Max Keiser, and Raoul Pal, while also advising people to listen to Bitcoin skeptics. 

A major point in Kiyosaki’s argument is that traditional education conditions people to avoid mistakes, equating errors with failure. He compares this to how babies learn to walk—through falling and trying again. If schools taught babies, he jokes, they’d never learn to walk. This, he believes, is why many highly educated people remain financially poor despite their intelligence.

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Education Is Free—Take Advantage of It

Kiyosaki emphasizes that the best financial education doesn’t come from schools or Wall Street but from free resources like YouTube and independent thinkers. He urges people to take control of their financial learning rather than relying on outdated traditional education systems.

Not all Agree With Him…

Crypto Analyst CA Vivek Khatri pushes back against Kiyosaki’s view, arguing that poverty isn’t just about mindset but structural barriers. He points out that the poor often lack disposable income, work multiple jobs just to get by, and don’t have time or insider access to research investments. While Bitcoin made early adopters rich, he warns against selling false hope, emphasizing that not everyone can afford to take financial risks when survival is the priority.

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