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.
Right now is the most confusing time I have ever lived through in my 73 years on this earth. I’m sure a lot of people are feeling the same way. At first glance financial struggles appear to be the fault of coronavirus. And that may be why some lost their job or why some 401ks have tanked. But what’s the real underlying issue here?
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.
I’m not sure when so many in this country fell in love with paying taxes, but the reality is that the DNA of America is to pay as little taxes as possible. Paying taxes is not patriotic. Taxes are theft. The reason why wealthy people like me hate taxes is because when you give a bureaucrat money, all they do is spend. But our country is massively in debt and they still want more...
Most people believe that stock investing is at odds with the Rich Dad philosophy of investing for cash flow, because they think stocks are simply buying low and selling high. But an educated stock investor knows how to cash flow with the stock market, not just invest for capital gains.
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Today, many people are perishing financially because they follow the old rules such as save money and get out of debt. Or they believe investing is risky, when it is the lack of financial education, experience, and bad financial advisors that actually carry more risk.
Security and freedom are not the same ideals. People who seek security are very, very different from those who seek freedom. It means having the ability to take risks and the understanding that our decisions have consequences that we must face—and rewards that we can enjoy.
As Rickards and many others point out, this “longest economic recovery in history” has not turned into the Greatest Depression in History, simply because the Fed, the Treasury, and Wall Street have kept the economy floating. As the Fed prints more and more money, the gap between the rich, middle class, and poor is growing.