Business
How to Position Yourself for Massive Financial Gains ft. Rich Dad, Poor Dad Author, Robert Kiyosaki on Founders Club Summary: With the world in turmoil, and the markets in constant flux, how can you best position yourself for massive financial gains? There are few people who can answer this question better than our guest for today, Robert Kiyosaki, the man responsible for popularizing entrepreneurship with his cult book, Rich Dad Poor Dad back in 1997. On today’s show, Robert shares his wisdom on how to save your tax dollars, investing in crypto and precious metals, and getting financial gains when the economy is in a downturn. You will learn why Robert loves the micro-nature of real estate investing. And why he thinks that taking on more debt is the only way to elevate yourself to massive success. Additionally, he also shares his contrarian views on the recently concluded elections and the overall political climate in the US. You will get a peek into Robert’s investment strategy as he reveals how he invests his millions earned from book royalties. We hope you enjoy this show! Key Takeaways: 00:00 – A man that needs no introduction – Robert Kiyosaki! 03:40 – Robert shares his views on Wall Street Investing 08:27 – How real estate investing can help you save your tax dollars 11:20 – Other than real estate, where does Robert park his investments? 14:04 – Hiring the smartest people to manage your investments 15:30 – How a formal education does not teach you to manage your wealth the right way 19:40 – Listen to this if you are shit scared of a recession 23:20 – Pro Tip for Investors: Why Robert thinks that silver is on the verge of a massive bull run 24:28 – Robert’s Investing Philosophy – when taking on more debt is a good thing 28:44 – Robert’s Five G’s to multiply your investments manifold 30:43 – Talking politics – Has media made a scapegoat out of President Trump? 35:22 – Are we living in a fascist society today? 36:53 – Why the micro-nature of real estate investing appeals to Robert 38:43 – Is there a real estate asset class that Robert prefers to invest in? 46:23 – Robert prefers investing in physical gold as opposed to digital gold 47:12 – Is Fed’s massive currency printing exercise fueling a cryptocurrency bull run? 52:55 – Turning the clock back – Robert reminisces about the time when he fought in the Vietnam war 01:01:13 – Some great advice for young kids on how to lead a responsible life 01:03:40 – Do not forget to check out Robert’s cash flow game Quotes: “Most people who went to school think like employees and self-employed. That's why they're poor. You should never go to school.” “It is much faster to borrow a million dollars tax-free. Then to work for a million dollars. That's the difference.” “And so only people are afraid of upcoming depression are the people who need jobs.” “The Sixth Amendment is your right to face your accuser. Today, all of these faceless people attacking us…the trolls on the internet, they are just coming after you. That's the world I live in today. So that's not capitalism. That's not democracy. It's fascism. But you live in fear. And the more fear we have, the less freedom we have.” Resources: Founder’s Club Robert’s Website Play the Cashflow Game Who Stole My Pension?