The Most Important Financial Lessons You Need Right Now - Robert Kiyosaki
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- Опубликовано: 5 июн 2024
- In this episode, host Robert Kiyosaki talks with guest George Gammon. They discuss the current state of the world economy, as predicted by the International Monetary Fund (IMF), asserting it's about to encounter the biggest financial headwinds since WWII, and the most important financial lessons you need right now.
They dive into the widening gap between the rich and the poor, emphasizing the importance of financial education to help bridge this gap. They suggest that individuals with poor financial knowledge often have poor teachers or come from economically disadvantaged backgrounds. The pair also consider potential solutions to reduce economic inequality, criticizing central planning and politicians and warning against the assumption that taxation of the rich will solve the crisis. They cite specific examples where they have profited from investing in commodities like oil and gold and caution against the unreliability of the stock market and the threat of censorship and centralization.
The message is clear: In these rapidly changing economic times, being proactive, hanging around with smart people and continuous learning are non-negotiable.
00:00 Introduction
01:21 The Growing Wealth Gap and the Role of Education
04:32 The Power of Real Estate Investing
07:29 The Importance of Financial Education and the Flaws of Traditional Education
13:01 Understanding the Global Trade and Currency Dynamics
22:22 The Future of Digital Assets and Cryptocurrencies
26:01 The Importance of Timing in Crypto Investments
27:42 The Role of the Fed in Risky Investment Behavior
29:22 The Benefits of Investing in Tangible Assets
33:57 The Implications of Central Bank Digital Currency
40:05 The Threat of Global Control and Centralization
43:57 The Importance of Learning from History
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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.
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This is not a financial advice and I never give financial advice: DONT LEAVE DURING THE BEAR. If you don’t want to invest…learn. If you don’t want to learn…build. If you don’t want to build observe. DO SOMETHING…other than leave. There is so much opportunity here. Take advantage!
Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional
I've been in touch with a financial advisor ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
@@maryHenokNft Mind if I ask you recommend this particular professional you use their service? i have quite a lot of marketing problems
The decision on when to pick an Adviser is a very personal one. I take guidance from *Gertrude Margaret Quinto* to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
I am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.
I don’t like the idea if your not a millionaire your poor. I got a home, clothes on my back and a refrigerator filed with food. Good food at that. I have everything I need to live comfortable. Also I have good health from working at my job for all those years. I have some gold and silver I don’t need to own a gold or silver mine. There’s nothing wrong with that not for me. He says ask the questions and I started asking myself was I happy and content, did I do the right thing. The answer was emphatically yes. I worked, paid taxes, retired then graduated from college with a degree in IT. I freelance in my spare time now. I’m not a millionaire however I’m doing just fine. Thank God He gave me common sense to realise entrepreneurship was not for me. Very good advice to “question things”
The future belongs to those who believe in their dreams. Success is a State of mind. Think I'm blessed because if not I wouldn't have met someone who is as spectacular as Expert Mr Martinez Amend.
Hit $200k today. Thanks you for all the knowledge and nuggets you had thrown my way over the last months. Started with $20k in October 2023
Most rich people stay rich by spending like poor and investing without season, and most poor people spending like rich yet not investing like the rich, but impressing them.
@@jordanmorris9663You're absolutely right, and that's a beautiful mindset you've got there I never thought of it this way before.
The idea of the whole trade market is something I still can't wrap my head around.
I have broken through 45k, 75k and got my eyes on 120k! Champagne stays popping, he is too awesome. People prefyto spend money on liability rather than investing in assets and be very profitable
We love and appreciate George Gammon and the incredible work he does. Superb conversation all 3, love the show. Btw, there is NO avoiding the 4th Turning. History repeats these cycles the last thousand years. Humans are predictable I'm afraid. Don't try and change its course, learn the lessons and don't be the rube. In our home we learn from the George Gammons and Robert Kiyosaki of our time. 😎👍
Thanks for the information Robert Kiyosaki and Rich Dad Team.
Always love and respect for this man❤
The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.
Find stocks with market-beating yields and shares that at least keep pace with the market for a long term.For a successful long-term strategy | recommend you seek the guidance a broker or financial advisor.
I agree. Based on personal experience working with an investment advisor, I currently have $385k in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I'm in dire need for one.
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Carol Vivian Constable turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
I just checked her out on google and I have sent her an email. I hope she gets back to me soon.
Every week I buy more of whatever is the lowest percentage of my portfolio and try to keep everything around 10%. Please what could be my safest buys with $400k to outperform the market in 2024?
Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.
I agree. Based on personal experience working with an investment advisor, I currently have $1M in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I'm in dire need for one.
She's "NICOLE DESIREE SIMON". Also maintains an online presence. Just make a simple search for her name online.
Thanks for this. Found her and looked through her credentials before contacting her. Once again many thanks.
One of the better episode, rewatched this multiple times, appreciate the sharing!
Best advised
All The Way From Zimbabwe 🇿🇼 Watching,Also Comment On 3rd World Economy How It Can Be Done
Why should you be requesting someone else to tell you what u shld be doing in Africa?
Could that be one of the reasons why africa always remain very poor? Not thinking for yourselves? 😅
Do you believe every word of an developed world citizen. Anyone can easily articulate past events in his success story. In USA price speculation is insane so the corrections too therefore you can have opportunity to get rich if you have patience and availability of debt. See he made fortune in 2008 crash but what about the prior crashes so study your environment and find the way. And one more thing he is working as a social media influencer and promoting Gold, artwork and even mattresses so don't get deceived with no work phrases used by influencer.
And he also sounds like a big Narsisist…. I, I, I…..
Thank you for the lesson
777
Just buy real assets not the printed stuff like etfs , 🚽paper dollar, stocks bonds and many printed stuff.
NO NO NO. The productivity boost of AI and Robotics is causing major deflation on "Real assets". Bitcoin is the only Real Asset. Its simple. Asll other asset classes is backed by debt. Bitcoin is the free market now.
Thank you Robert and rebel capitalist good podcast
Great combo 🎉 well-done team
You guys are awesome. Hope to meet you one day.
Thank you Robert for the show.
Hard assets & commodities.
Real estate & energy.
Really starting to divert my assests, in order to preserve my spending power.
This is a replay from 2 yrs ago (at least).
They are literally wearing different clothes.
I agree
Guys, owning quality stocks and Bonds that pay dividends is not a fools game, just saying.
Thanks!
That’s like putting a rain drop in a ocean
AI is going to increase the wealth gap to epic levels.
How?
@@mrfaux72 Taking away jobs obviously
@@mrfaux72 look at all the lower end white collar layoffs happening right now. AI is going to gut middle management. I recommend the book, Who Owns the Future by Jaron Lanier.
History might repeat like rhe French Rev for the elutes, regardless of their security and assets
One of the best videos created EVER!!!😮❤️🤩👌
I love your content Robert. Absolutely priceless advice ! Thanks and God bless !
Changed my life 🦅
I love this
My 2 fav❤
OG knows this old
Luna and bitcoin are two different cryptos. Bitcoin, xrp, and eth are the top 3 and the others are lottery coins.
"Gold will never go down....." :P
Thank you! America is falling as a superpower -Erik
How do you invest in uranium and coal? You don’t do it through stocks, so how do you invest?
I don’t know anyone who is money smart except on line guys like you..I want to invest but not really sure how to start. I bought some silver coins but I want to do more…
I have kazatomprom and Denison and cameco and uuuu and uec
The problem is that companies now a days dont want to produce more stuff to lower price to raise prices look at toyota
Does Robert still have his place near Kaimana Beach Oahu?
Best
Thanks
@robert your last several videos have had a point where they cut out for 30ish seconds. This one does it at 7:02 and comes back at 7:26. I think your cameras might be switching and the one it's supposed to switch to isn't getting the signal or something. But it generally happens once per video anymore. I don't know if you're aware of this or not. Maybe it's an editing glitch? Idk.
Bitcoin is the next Bitcoin.
when you notice that mr kiyosaki and that guy are both sitting in the same room , it is hard to believe
I'm poor AF!!!
Rich dad took it all
is that my idol George Gammon? Nice!
You have to produce more stuffs
My 2 favorites. Just need Kim and Raoal Pal and heaven. 🎉❤
love this stuff!! But where you buying your silver for 35$, jeez about 33% markup. You need to buy from some other people.
The rich make the middle class look poor at this point lol
To my understanding Success depends on the right actions and steps you take to achieve it. And taking the right opportunity.
Real estate or crypto?
Selling books is what Robert is always pitching, that is the real key to success, ALWAYS BE SELLING!!!
Robert warning of the great financial market reset and crash of a lifetime for years. Meanwhile millionaires being minted every day in the stock market. Fear sells…
thank god you see it too I think hes been demented for a while. The scary part is that people listen to him and maybe make financial decisions based on the crap he is hogging
Just as Harry Dent & Bo Polney have.
Imo, it is always a disfunctional and erratic, interfering government that break down businesses. Businesses are build with a longer term strategy. Govs have a 4 year cycle.
Recycled content? Didn’t the air last year?
All of the 3 letter agencies need to go. I’m not sure who they think they are ? Hum
This central bank digital currency is just so frightening, and when i think of it with AI 😮😮 as reobert says holly Maco, we are being manipulated we will be controlled, hunger games us coming true
💯
2:45 We should devote resources to free market capitalism (equality of merit) which grows by incentivizing work.
We should not devote resources to equality of outcome, where the government splits the rewards of the market, but not the work. This disincentivizes more work and incentivizes tax minimization, because the money saved in taxes is greater than money earned in work.
Our wealth is measured in our share of the rewards of work, the medium of which is money.
Shrink the amount of work, shrink the total pie, everyone gets a smaller piece and are less wealthy. There is less work rewards for the same population.
13:00 Over regulation increases cost to work, decreasing work done, decreasing rewards from work done, decreasing wealth to go around.
The work done should prioritize the demand existing, to do work without demand is also very inefficient. China did a bunch of work (real estate) that no one was demanding, and did not get much wealthier (in real terms).
For 200 years a single cow has been worth about 1oz of gold
They have been tracking what people buy for years with bar codes, most people dont know this fact
👍
Precious Metals are going the way of Precious Stones due technology. Gold and Silver should have risen at the very least 50 percent. This was the largest inflationary period in the history of the US! Buffett figured it out and sold his shares in Barrick.
Also the Birth rate is crashing as well!
I wish the guest could finish a sentence without being interrupted with another topic.
I'm no tax guru, but just looking at the tax tables, the wealthy already pay a higher portion of their income to taxes. And it goes way up once you get over just 50000/year.
jOHN LENIN OR vLADAMMIR LENIN?
34:26 since 1816!!!! Burr didn’t shoot Hamilton soon enough!!!!!!!!! Jefferson was against centralization yet Hamilton with no financial background influenced became the head of the U.S. Treasury… Washington said “I never knew you to be a financial man.” Referring to Hamilton. Hamilton wanted the old British System- to be the one taxed is loss but to be the one bringing in those taxes now that’s the winning!
Savings? I thought Saving, your money was stupid???
He said it one time that when you save, save in gold because you'll always maintain your purchasing power
bitcoins going to moon!🚀
Like we never did in 1969.😂🤣🤪
I am 57 and retired at 50. 1 thing I did do to retire early was to get out of the 401K and IRA programs. Bought rental real-estate and I am now a Limited Partner in about 3500+ units. I do not work.
My wife and I live off of our 401K. We don't work. I recommend highly to everyone to build your 401K or Roth IRA's as an alternate revenue stream in retirement to your Social Security. An observation on 401K's is when it gets over 300K it starts to accelerate. When you get over 500K it can really accelerate as the stock market grows
Monica mary strigle
Very inspiring.currently at number 5 ..cant imagine what's it like to manage or to get to 3500units
What areas you recommend to invest in today?
Investments you can put in a bucket or plant your feet on have their ups and downs but their value doesn't fall to zero.
His Words is running in my head Go to School Get a job Work Hard Save Money invest in stock bonds mutual funds ETF..... Bla ba
la bla...
This must be an older episode
the first twig snapped about a week ago, I waited 4 yrs to hear it
The bull goes up the stairs and the bear goes out the window....I guess the bull takes its time bjt when it crashes like 2008 or 1929 then the bear metaphorically falls quickly out the window....but maybe this times different because we have the government to save us lol!!! With their regulations and universal basic income.
I always look up your videos for updates! Our government has no idea how people are suffering these days. I feel for people with disabilities not getting the help they deserve. Thank you mr paulgrantham, imagine investing $5,000 and received $20,500.
Friggin speak into the mic Kiyosaki!!!
Scam is always scammer.why do you guys think this snake oil salesman of savior? He himself owed so much money.this is just sad,people easily got scam by this looser
Fear mongering….
It is because of interest. That’s why god for bids interest in Islam Allah for bids interest
44:25 LMAO!
This is Native American country
That laugh about killing Gaddafi was disgusting.
Nigeria is for sale
HANG ON, I AGREE THAT WE LEARN MARXISM IN COLLEGE. BUT, WHAT YOU ARE DESCRIBING IS THE CYCLISIM OF WHAT MARX DESCRIBES AS A NATURAL HABIT OF SOCIETY. HOW IS WHAT IS BEING DESCRIBED IN SCHO0L IS DIFFFERENT THAN WHAT YOU ARE SAYING IS WRONG? I AGREE THAT THERE IS SOMETHING WRONG HERE. BUT, AS A PUBLIC SCHOOL TEACHER, I JUST DONT SEE THE DIFFERENCE... WHAT i WANT IS THE SOLUTION THAT DOESNT BLAME SOMEONE ELSE AS THE PROBLEM...i WANT THE RIGHT S0LUTION THAT DOESNT BLAME THE OTHER SIDE....
This guy is saying the same stuff for years. So much doom talk he has been prediciting total collapse for years everything will go to shit. Nothing ever happens and yes if you say the same crap for years one day its going to happen. I really dont get why he is so famous.
Exactly I've been hearing this forever now 😂😁😂😁
Why the heck Kim divorced this guy is beyond me
He looks so cool dude😂
Would be possible US government to confiscate Gold like 1933 to reduce the financial crisis?
SOMETHING, LOL
Little alpha...
Put your money where your mouth is Robert. I'll make you a bet. Every month your wrong you owe me $1,000.00 each month and every month your right I'll give you the same $1,000.00 each month. Every month you're wrong I'm going to update this comment with the new amount I owe you or the new amount you owe me. The crash is not coming. You've been saying the same thing and I'm tired of hearing it. Put your money where your mouth is.
craig dusoes two dice
jeans yorkshire puddings fried rice
snow storms three blind mice
This is OLD
Wish robert would shut up and let George speak.
Blaaaaaaaa blaaaaaaaa blaaaaaaaa. Multimillionaires blaaaaaaaa
Politicians are rubbers
IMF will take over my XRP for how much $$$$ , alrighty then!
What is Ken doing bragging on his "wife"? Kind of pathetic.
Also the Birth rate is crashing as well!
The website is depressing liking to a narcissist
If you listen to Gammon, you will definitely get poorer. He's good at telling you everything is blowing up, ehen exactly they are increasing in value
Someone take Kim off the air… she needs to stay on the set of the Adam’s family