Rich Dad, Poor Dad Author Robert Kiyosaki Calls Going To School 'Obsolete' As Tech Layoffs Mount

Robert Kiyosaki, the author of Rich Dad, Poor Dad, has sparked debate after his comment on job security amid massive layoffs, especially across the leading global tech companies.  

In his latest post on X, the popular author called going to school for job security an ‘obsolete idea’ while highlighting the recent job cuts by top global IT players.

Kiyosaki cited recent layoffs across tech giants such as Amazon, Microsoft and Intel as evidence for his theory. He also advised people not to “save money” and focus on investing in gold, silver and cryptocurrencies.

Kiyosaki, in his post, implied that job security was no longer dependent on an educational degree and pointed out large-scale job losses in many tech firms last year as the reason.

The post has sparked mixed reactions, with several people slamming Kiyosaki for not mentioning hirings in his post. Others pointed out that he had missed out on adding real estate as an investment option.

The author gave examples of 10 big layoffs that happened in 2025 and explained, “Note:  Many jobs lost are in high-tech companies. BETTER ADVICE:  Increase your financial IQ. DO NOT SAVE MONEY. SAVE: gold, silver, Bitcoin, and Ethereum.”

Many users disagreed with Kiyosaki’s claims about how going to school was “obsolete” and highlighted the flaws in his reasoning. A user wrote, “Companies have always had layoffs. Your list of layoffs provides no context on whether people went to "school" or not and what level of school. Your list also ignores hiring. But, it's cute.”

“What about real estate? Your book was all about real estate”, asked a user.

A comment also raised doubts about the layoff figures shared by Kiyosaki. “Some layoffs on this list are real, but the numbers look inflated or mixed across years. Tech cuts don’t mean “school is obsolete.” Skills still matter, esp. w/ AI. Diversifying assets = fine, but “don’t save cash” is… bold.  Balanced plans > hype,” read the post.

However, many users also supported Kiyosaki’s advice. A comment read, “School might teach theory, but financial IQ teaches survival.”

Kiyosaki has long advocated for investment in silver and cryptocurrencies like Ethereum. The financial expert talked about the rise in silver prices a week ago and predicted that the metal “is just getting started” and may reach $200 an ounce.

In October, Kiyosaki had explained that the traditional 60/40 rule of investing, where 60 per cent of money is held in stocks and 40 per cent in bonds, was “dead.” He reiterated his support for gold, silver and cryptocurrencies, adding, “I still prefer gold and silver coins, Bitcoin, Ethereum, income from rental real estate using debt…. And income from oil wells and cattle….real assets….but I retired financially free over 30 years ago…”

Robert Kiyosaki has predicted that 2026 can be the "greatest financial opportunity of our lifetime", highlighting assets that cannot be printed, such as gold, silver, real estate, Bitcoin and cash-flowing businesses as “winners.”