| Robert Kiyosaki, host of The Rich Dad Radio Show, is joined by John MacGregor, author of 'The 10 Top Reasons Why Rich People Go Broke.' They discuss the severe financial challenges many people, particularly those relying on 401k and IRA plans, might face due to systemic flaws and lack of financial education. The episode emphasizes the importance of being proactive, educating oneself, and understanding how to manage personal finances independently instead of relying on traditional financial planners or quick-fix solutions. Kiyosaki and MacGregor stress the significance of the 'Cashflow' game and personalized strategies for financial stability. 00:00 Introduction 01:39 The Birth of 401k and Financial Planning 03:55 The Problem with Financial Advice 05:43 The Importance of Financial Education 06:11 John McGregor's Financial Journey 07:06 The Flaws in Traditional Financial Planning 08:27 The Role of Behavioral Change in Financial Success 19:53 Discussing Money Strategies with Friends 20:31 The Simplicity of Trading Options 21:54 The Importance of Financial Education 22:48 Investing in What People Need 26:24 The Reality of Financial Advisors 33:53 The Problem with Quick Fix Solutions ----- Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity. The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions. |
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.
HI ROBERT SIR , how are you doing? 🌋 Question for you and everyone: What skill do you think can make millions and even billions?
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Read Rich Dad Poor Dad.
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Mine won't and im not depending on it
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Get government jobs with pensions and open a 457!
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People can get an IUL to put their money in.
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You literally said nothing accept you guys are awesome and everyone sucks. You’re just here to sell us something
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Oh stop whining . the whole show was about eduation, and what to do to become educated. If you were listening you would’ve heard them both talking about the different strategies that they were using, the changes that they’ve made throughout their lives to become the proactive people that they are as investors. Open your ears Nancy
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Yes 💯% money is debt
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It is the love of money which is the root of all evil. Money is necessary.
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What happened with his voice? Is this AI?😂 🤖 😅
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Yeah even I doubt genuinely if this is ai. His accent , voice are syncing to his old videos
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The legend is getting old😢
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word
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“Debt is money” This is so stupid! And it’s wrong!
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Well what is money? Its the power to buy. Therefore debt is money, being bad with money will make you poor, being bad with debt will make you poor.
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If you want to retire poor get a 401k if you want to retire rich get a Roth
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Sounds like poor dad advice. I think the main idea of this episode is if you have traditional retirement accounts you are going to be eating cat food or working until you are dead.
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