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.
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.
I’ve always preached that giving back should be part of the way that you budget your money. I learned this lesson from my rich dad, who believed in the law of reciprocity. Said in a scientific way, this can be stated as for every action there is an equal and opposite reaction. Or said religiously, there are Jesus’ words, “Give and it shall be given back to you.”
For most people, the idea of a high income is a good thing. For the rich, it is bad. For most people, the idea of low expenses is a good thing. For the rich, again, it is bad. In fact, it’s only those that are financially unintelligent who think that “making a lot of money” in the form of earned income is a good thing.
Don’t think 2021 will be anything like 2020 in the stock market. In the United States, there are a lot of changes coming ahead, and the answer to protecting your 401(k) and pensions is to understand what is happening in these funds. Robert Kiyosaki and guests Andy Tanner & John MacGregor discuss their predictions for the paper assets market in 2021 and what you can do to protect your 401(k)s and pension plans.
As a society, we have become dependent upon the government to solve our money problems. When a person joins the ranks of the poor, they become dependent upon the government to take care of them. And the more they receive from the government, the more dependent and entitled they become.
After the financial crisis in 2008, bailouts were the name of the game. Today, the bailouts that were once reserved only for big banks and bankers with political clout have expanded to the entire financial market. If you and I took the risks that the biggest corporations did, we would lose everything. We would not be bailed out. To understand, you have to look back at what happened March 23, 2020…
Unfortunately, the coming crash and possible depression will wipe out the pensions of millions of people, many being Baby Boomers who are out of time. On the flip side: it will be the “sale of the century” for those who are prepared.
It’s easy to reflect on 2020 and see that for many people, life is a struggle due to a lack of financial education. Much of this financial crisis was caused by a lack of financial education. In my opinion, unless you take action now, your 2021 may not be different than your 2020. So here are the most important lessons I can teach you to be prepared for next year…