358: Robert Kiyosaki - 50th Anniversary of the Fiat Dollar
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 16 August 2021
⏱️ 58 minutes
🧾️ Download transcript
Summary
Fifty years ago, money changed forever. Robert Kiyosaki joins us. He’s the “Rich Dad, Poor Dad” author.
President Richard Nixon effectively removed the dollar from the gold standard on August 15th, 1971. We play the audio clip.
Inflation ensued, exceeding 10% in the 1970s and 1980s.
What is money, anyway? I answer.
Gresham’s Law - bad money drives out good.
Kiyosaki tells us why he promotes freedom and economic decentralization.
My solutions to monetary inflation: 1) Real estate debt. 2) Gold. 3) Bitcoin. 4) Spend.
Resources mentioned:
Show Notes:
Nixon removing dollar from gold standard:
https://www.youtube.com/watch?v=4-cB1Z9qceI
Jerome Powell on dollar printing:
https://www.youtube.com/watch?v=lK_rYS8L3kI
Buy real estate:
Buy gold:
Buy bitcoin:
Get mortgage loans for investment property:
JWB’s available Florida income property:
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Transcript
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| 0:00.0 | Welcome to Get Rich Education. I'm your host Keith Winehold. It is the 50th anniversary of the Fiat dollar, meaning that the United States abandoned the gold standard 50 years ago in August of 1971. |
| 0:14.5 | Ritzhead, poor dad author Robert Kiyosaki, joins me on this special show. Learn about how this changed the United States and the world, what |
| 0:22.3 | this means to your financial future, how you can act, and what is money anyway today on get rich |
| 0:29.4 | education. You know, a lot of investors choose either cash flow or home price appreciation, |
| 0:35.3 | but one real estate market could provide both Jacksonville, Florida. |
| 0:38.9 | They've got 27% lower home prices and higher rents than the national median. |
| 0:43.7 | Their market has appreciated 34% more than other comparable cash flow markets over the last 30 years. |
| 0:49.5 | Get positive cash flow today and above average appreciation for tomorrow. |
| 0:53.8 | They often have available inventory in Jacksonville. |
| 0:57.4 | If you can believe that, start at cashflow and growth.com. |
| 1:04.9 | You're listening to the show that has created more financial freedom than nearly any show in the world. |
| 1:12.2 | This is Get Rich Education. |
| 1:33.9 | Welcome to GRE from Santa Fe, New Mexico to Santa Cruz, California, and across 188 nations worldwide. |
| 1:35.3 | I'm Keith Weinhold. |
| 1:36.8 | This is GetRish Education. |
| 1:41.9 | The venerable Rissette Portan author Robert Kiyosaki will be with us here shortly. The time was right to invite him back because this is the |
| 1:46.1 | 50th anniversary of a significant monetary event. So expect today's show to have a little |
| 1:53.1 | something to do with real estate investing, but it's really an episode that's more about money. |
| 1:58.0 | Now, this topic could lend itself to some touchy political opinion from Robert |
| 2:03.7 | Kiyosaki today. And whether you agree with it or not, hopefully you can at least listen to |
| 2:08.5 | his point of view. Most people don't consciously consider what money even is. To a lot of people, |
| 2:17.4 | they probably see money as something that |
... |
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