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.
The ﬁrst step in making changes in our lives starts with a change, a shift in context, in the way we look at things, and the ﬁlters we use to process information and experiences. By learning to transform ordinary income into passive and portfolio income you will have the key to unlocking your future—and your child’s future.
While people my age think of investing as an action done in the stock market, or real estate or gold, the reality is crypto investing may be where we need to get educated in and start understanding.The narrative has changed from the world currency to inflation against the dollar.
In 2020, we saw services where you could use your Bitcoin as collateral for loans, and you could use your Bitcoin to earn interest, but what many experts are seeing for 2021 is that DeFi will expand services beyond these simple trades to things like options trading, insurance, crowdfunding, and derivatives.
I agree with CNN Money’s assessment here. With stock markets climbing, the price of Bitcoin climbing, gold and silver at all-time highs, and hot residential real estate markets, it’s easy to see that we are in stage three of our financial bubble—euphoria.
The biggest tragedy taking place right now is bigger than the credit crisis, and bigger than the degradation of a capitalist system that has brought such prosperity to the American people. The biggest tragedy right now is that so few people truly understand what happened, and even more so, why it happened. We don’t understand what we should do to protect ourselves and our economy. And because many of us don’t understand these things, many of the opportunities that face us today will slip through our fingers, and many of the challenges we face will continue for a long time.
In 2020, we saw services where you could use your Bitcoin as collateral for loans, and you could use your Bitcoin to earn interest, but what many experts are seeing for 2021 is that DeFi will expand services beyond these simple trades to things like options trading, insurance, crowdfunding, and derivatives. One advantage of DeFi is that it cuts out the middleman from these transactions.
Many people today look at our current crises and ask, “What is our government going to do about it?” And I believe that question is a major part of our crisis: Too many people expecting our government to solve our problems. Too many people are dependent upon the government for a paycheck.