The real cost of financial ignorance: 'Rich Dad Poor Dad' author Robert Kiyosaki explains 'what is expensive'

‘Rich Dad Poor Dad’ author Robert Kiyosaki has highlighted the often-overlooked cost of financial ignorance, stating that investing in knowledge can be more valuable than simply focusing on the price of financial education.

Kiyosaki took to X on Friday and said he spent the previous week attending Ken McElroy’s “Collective” and “Limitless” programmes in Phoenix. He described both as expensive in terms of time and money, adding that he paid the same price despite being one of the speakers.

Kiyosaki said he believes that even while teaching others, it is important to continue learning himself.

“As I have said: “I go to teach as well as to learn” …and I learned a lot. Life changing and future changing data,” he wrote.

After returning home, Kiyosaki said an old friend asked about his trip. When he explained where he had been and mentioned the money he had spent, his friend remarked that it was “so expensive”.

Kiyosaki said he responded by pointing to what he considers a far greater financial burden — ignorance about money.

His post underlined his view that spending money on learning can be worthwhile when it helps people make better financial decisions . He suggested that the consequences of lacking financial knowledge can potentially outweigh the immediate cost of acquiring it.

Kiyosaki expects silver prices to climb to $200 an ounce or higher in 2026, maintaining his bullish outlook on the precious metal.

In his February 10 post on X, Kiyosaki disclosed that he had purchased another 600 US Silver Eagles despite a recent pullback in silver prices from their record levels. The purchase reflects his continued view of silver as a hedge against monetary instability.

“Just purchased another 600 US Silver Eagles. Today’s spot is $82 an ounce. Still believe silver will reach $200 an ounce…or more…in 2026,” he wrote.

He also expressed concerns over the US dollar, adding: “The US dollar is in trouble. Savers of fiat currency (fake $) biggest losers.”

Kiyosaki’s comments came as precious metals faced short-term selling pressure, with investors adopting a cautious stance ahead of key US economic data.

The average retail price of silver in India on Friday, 21 August 21, stands at ₹ 260 per gram, which equates to ₹ 2,60,000 per kilogram. This reflects a sharp single-day increase in the retail market, though prices fluctuate depending on your location. If you are looking to purchase smaller quantities, today's retail breakdown costs ₹ 2,600 for 10 grams and ₹ 26,000 for 100 grams.

Regional duties and local transport fees heavily impact these rates, meaning buyers in Mumbai, Pune, Kolkata, and Delhi will see the standard ₹ 260 per gram rate while prices in southern hubs like Chennai, Hyderabad, and Bangalore sit slightly higher at ₹ 265 per gram.