This Crisis Can Be A HUGE Opportunity

Dear reader,

Going off yesterday’s discussion of the steps you can take to survive this crisis… 

Your response to the current economic crisis, including your preparation for it, will in large part determine your financial future for years to come. 

It’s your choice. Will you prepare yourself with financial education? Will you be ready to take the actions required to profit from the coming crash? Only those who do will be safe from the effects of the crash. Most people will be devastated by the crash. A few will become multi-millionaires. Which will you be?

Today, young people are going to school, graduating (burdened, in many cases, with crushing student loan debt), and often unable to find that mythical high-paying job. Today, U.S. student loan debt is $1.6 trillion—greater than U.S. credit card debt. 

Many students will never be able to afford a house because they do not earn enough money and are paying off their student loans. Many students—and college graduates—still live at home. Many educated young people have found jobs, but are underemployed. The failure of young people to gain priceless, meaningful, challenging, real-life work and business experience is another time bomb for our future.

The difference between rich, poor, and middle class is education; unfortunately not the education found in schools.

Real financial education must include a bit of financial history. This crisis did not just happen. This financial crisis has been brewing for over 100 years, since 1913, the year the Federal Reserve System and the U.S. tax system was created. 

My concern is that too many people are counting on President Trump to save them. While Donald Trump is a great man, he is not Superman. I doubt he can save anyone unless they are first willing to save themselves. 

That is why I’m here to tell you that this crisis creates a huge opportunity but it starts with your mindset about money. 


All this goes to show a universal truth, money does not make you rich. Mindset does.

In fact, mindset most often is the dividing line between those who are successful in life and those who are not. They show up, put in the work, and continually learn and grow. They surround themselves with smart people who lift them up instead of pulling them down. They have a mindset of success—the mindset of a pro, not of an entitled amateur.

Today, if you’re running into a wall and not experiencing the success you were hoping to, I ask you to take a look at your mindset. How are you viewing the world? Are you falling into old habits and ways of doing things that resulted in the same lack of success in the past?

If so, it’s time to stop being the same person and doing the same things. It’s time to change.

A while back a study was conducted that showed the mindset of those who moved from poverty into wealth. Three things were seen to be a determining factor:

  1. They maintained a long-term vision and plan
  2. They believed in delayed gratification
  3. They used the power of compounding in their favor

They also looked at those who were wealthy that became poor. These were the three factors that came into play:

  1. They had short-term vision
  2. They had a desire for instant gratification
  3. They abused the power of compounding

Very simply, the path to the right side of the quadrant starts with thinking in terms of acquiring assets that produce passive income rather than living in a pattern of paycheck to paycheck. Start small, have patience, and watch as your wealth grows over time.

Start by looking at how you use your time. Do you waste it in unhealthy ways? Are there places you can take back your time to grow rather than be stagnant?

Then, take a look at the people you hang out with. Do they have loser mindsets that hold you back? Do you need to trade in your old “friends” for new ones that help you become better than you are and give you a new mindset?

Finally, take a look at what you read and listen to. Do you fill your mind with things that reinforce the status quo? Or do you fill your mind with things that challenge you and ask you to grow to be more than you are?

Invest in Real Financial Education

What is financial education? That’s a good question and one that has many different answers depending on who you talk to. For some, financial education means teaching kids how to save money, balance a checkbook, and use a credit card responsibly. For others, it means teaching how to invest in the stock market and manage a 401(k). Whatever your definition of financial education, it’s clear that there’s one thing we can all agree on—financial education is nearly non-existent in our schools.

As a young man, my rich dad said to me, “If you are going to be successful in the real world, you and your generation will need more than just academic and professional education.”

Rich dad was speaking, of course, about financial education. Financial education is about how money works and how to make it work for you. It teaches you about debt and how to leverage it, the history of money, what a financial statement is and how to read it, the difference between an asset and liability, and so much more.

To be clear, I’m not saying that financial education is more important than academic and professional education. In fact, those who are financially educated need the help of those who benefited from both. You can’t be successful without the help of great lawyers, accountants, brokers, and more.

But the fact remains that if you want to be rich in today’s world, you need financial education in addition to academic and professional education. In fact, the professionals that I work with also have great financial educations. That’s why we get along so well. And together we become rich.

Choose Real Teachers

After I was done with my tours of duty in Vietnam, my poor dad encouraged me to get my master’s degree and my Ph.D. So, I enrolled in an executive MBA class. One of my classes was accounting.

In the classroom, I was not enjoying the MBA program. I felt like I was back in high school. One night, my frustration hit a boiling point.

“Have you ever been a real accountant?” I asked the accounting teacher.

“Yes,” he replied. “I have a degree in accounting.”

“That is not what I am asking you,” I said tersely. “I know you have a degree in accounting, but have you ever been a real accountant… in the real world?”

After an extended pause, the teacher admitted, “No, I haven’t. I am a graduate assistant. I have a bachelor’s degree in accounting. I am going for my master’s.”

“I can tell you don’t know what you’re talking about. You’re teaching from a textbook, not real life.” I had been working with my rich dad as an apprentice and I could see the difference between a fake teacher and a practitioner.

In stark contrast, around the same time, I attended a seminar on real estate investing that was three-days and cost $385. I could tell the person teaching the seminar was the real deal. He was not trying to sell us anything. He was simply running us through his many deals, what he’d learned, and how we could apply those lessons to our own real estate investing.

At the end of the three days, he said, “Ok, now the class is just beginning.” Confused we asked how the end could be the beginning. He said, “Because putting this knowledge into practice in real life is where you will really learn. I want you to evaluate 100 properties in 90 days. Write a one-page analysis on each, and by the end, you will know which is the one you should go after.”

I did this, found a property I could buy with no money down and made $25 a month in cash flow. I canceled my MBA classes and never looked back.

The most important thing I can do is encourage you to study real teachers, not fake teachers. 


Robert Kiyosaki

Robert Kiyosaki
Editor, Rich Dad Poor Dad Daily

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Robert Kiyosaki

Robert Kiyosaki, author of bestseller Rich Dad Poor Dad as well as 25 others financial guide books, has spent his career working as a financial educator, entrepreneur, successful investor, real estate mogul, and motivational speaker, all while running the Rich Dad Company.

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