| In this emergency podcast episode, Robert Kiyosaki and Andy Schectman discuss the potential risks of having money in regional banks. They explain that national banks are considered "too big to fail" and are backstopped by the federal reserve, while regional banks are not guaranteed to be bailed out in the event of a failure. The hosts emphasize the importance of understanding where your money is held and the potential risks involved and suggest investing in tangible assets like gold and silver coins to protect one's finances. They also discuss the possibility of hyperinflation and the need for interest rates to spike to compensate for inflation. ----- +++Want to know the secrets of the rich? Learn the “money rules” that rich people use to protect & grow their wealth during economic turmoil by subscribing to Rich Dad's Wealth Experts: https://bit.ly/41XAPBa ----- https://www.richdad.com/ Facebook: @RobertKiyosaki https://www.facebook.com/RobertKiyosaki/ Twitter: @TheRealKiyosaki https://twitter.com/theRealKiyosaki Instagram: @TheRealKiyosaki https://www.instagram.com/therealkiyosaki/ ----- Skip the waitlist and invest in blue-chip art for the very first time by signing up for Masterworks: https://www.masterworks.art/richdad Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more. “Net returns” refers to the annualized internal rate of return net of all fees and costs, calculated from the offering closing date to the sale date. IRR may not be indicative of Masterworks paintings not yet sold, and past performance is not indicative of future results. See important Reg A disclosures: https://www.Masterworks.com/cd Masterworks’ offerings are filed with the SEC. View all past and current offerings https://www.sec.gov/cgi-bin/browse-edgar?company=masterworks&match=&filenum=&State=&Country=&SIC=&myowner=exclude&action=getcompany. ----- Please read carefully. This is not financial advice. You may be asking, “What does that mean?” Let me explain… Do not just do what I, my team, or my guest say. That would be stupid and irresponsible. Take the education, then use your own brain and make your own decisions. YOU must take responsibility for your future and your success. That is why you are here. Neither I, nor my team, nor my guests, know your risk levels, prior education, emotional maturity, or how much money you can afford to lose. We are only telling you what we believe to be smart moves. But you must decide for yourself. There are NEVER guarantees. Also, understand that we are REAL teachers. We practice what we preach. With that in mind, we often invest in the very projects that may be mentioned on this show. While it is never our intent, we could possibly profit from others investing in our recommendations. Take the education we provide but then determine your own actions. If it does not make sense to you, get more education before you invest. We will continue to provide education and there will always be more opportunities. |
Robert Toru Kiyosaki (born April 8, 1947) is an American businessman and author. Kiyosaki is the founder of Rich Global LLC and the Rich Dad Company, a private financial education company that provides personal finance and business education to people through books and videos. The company's main revenues come from franchisees of the Rich Dad seminars that are conducted by independent individuals using Kiyosaki's brand name for a fee. He is also the creator of the Cashflow board and software games to educate adults and children about business and financial concepts.
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