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.
With the current state of the real estate market, it's important to focus on value, not price. When prices are low, finding value is easy. When prices are high, value is a lot harder to find—which means you need to be smarter, more cautious and resist your knee-jerk reactions.
Gresham's law, a monetary principle stating that "bad money drives out good" can still be applied to today’s monetary situation. Gresham’s Law has been in effect since humans began valuing money. Investing in real assets, like gold and silver, is a solid financial strategy. Gold and silver are finite resources. The government can't create more whenever they want to.
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.
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.
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.
Like many people, I go from screw-up to screw-up and somehow do okay in between. The problem with life is that you do not know how good or bad a partner is until things get bad. The good news is that for every bad deal or partner I have had, I have always met a great partner as a result.
Today, the cost of everything we want is cheap. Television sets, clothes, and toys are cheap. The cost of everything we need is expensive. Education, healthcare, housing, and food are expensive. The stage is set for the biggest crash in world history.