Robert Kiyosaki shared on May 18 on X that his attorney sent a cease-and-desist notice to someone using his name to promote investment recommendations. The Rich Dad Poor Dad author said the use of his name created confusion and stressed that he is not a financial advisor.

The disclosure followed his claim that an unnamed person or group used his name to present investment recommendations as if they were from him. That prompted the legal notice and pushed the personal finance author to draw a clearer line between sharing his own holdings and advising others what to buy. Kiyosaki stressed:

“I am not a financial advisor. Please be aware I will always share with you what I am investing in and why.”

The clarification follows years of repeated economic warnings from the investing author. He has repeatedly predicted major market crashes, a possible depression, and severe financial strain for millions of Americans, particularly baby boomers. Those forecasts have become a recurring theme across his public commentary on debt, inflation, retirement systems, and the broader U.S. economy.

The famous author’s statement drew a firmer distinction between discussing his own investments and appearing to endorse trades for followers. He apologized for the confusion and wrote, “I will be more careful of the words I use.” The clarification addressed how public posts about personal holdings can circulate online as implied investment advice. Kiyosaki stated:

“To be clear… I invest in gold, silver, ethereum, bitcoin, oil and cattle. I have done so for years.”

The investor also said he “did not have a 401(k) or IRA” and does not invest in publicly traded stocks or bonds. That places his stated portfolio outside conventional retirement accounts, equities, and fixed income. His stated holdings include precious metals, energy, livestock, BTC, and ETH.

The acclaimed author concluded that he will continue disclosing what he owns and the reasoning behind those positions. He also stressed that followers should not treat his investment activity as personal advice, adding that financial decisions ultimately belong to readers and their advisors.

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