Boom, Bust & Mania

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

The Rich Dad Company

Entrepreneurship, Business, Investing

4.1 • 3.9K Ratings

🗓️ 23 June 2021

⏱️ ? minutes

🔗️ Recording | iTunes | RSS

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Summary

What do tulip bulbs and cryptocurrencies have in common? Today’s episode proves that amateurs are at the highest risk for losing big when an asset is in a bubble.
You need only look at our crazes in modern times like the tech stock bubble of the early 2,000s, the sub-prime crisis in 2008, and even the designer fruit craze in modern-day Japan, where it can cost up to £20,000 for a square watermelon.
Jim Rogers, a financial commentator, and successful international investor says, “If you want to be rich you should study history.”
Unfortunately, the average investor doesn’t understand the fundamentals of the markets. They just buy because the market is going up…and everyone else is doing it.
Host Robert Kiyosaki and guest Jim Rogers discuss how we are doomed to repeat history if we don’t learn from history.
www.jimrogers.com
Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Everyone wants to be independently wealthy. You get to live life on your terms, be your own boss,
0:05.2	and simply feel safe and secure. If you were born independently wealthy, you know what I'm talking
0:10.1	about. It's absolute freedom. Freedom of choice to live life is exactly the way you'd like.
0:14.9	The freedom of knowing you don't need to rely on your employer or the government just to get by.
0:19.2	You have the peace of mind knowing you and your family will retire comfortably. If you are not
0:24.8	born rich like most of us, you need some help to get there. You can make a conscious choice to be rich.
0:30.9	The first step is very simple. You'll need to learn how to think like the rich. The rich
0:35.5	debt mission is to elevate the financial well-being of humanity, your financial well-being.
0:40.5	To that end, Robert is hosting a free online training event to help people achieve financial
0:45.2	freedom faster. It's called Robert's Road to Wealth, where he will share four lessons that will
0:50.1	completely change how you think about money and your ability to create wealth. It will take you from
0:54.7	where you are today to finally getting out of the rat race. Robert's strategies about creating wealth
0:59.7	are more important today than ever. And you will look back at this free training as one of the
1:04.7	best investments of time you have ever made. The most important step is the first one.
1:09.3	Start right now by attending Robert's 100% free training. Register now at richdadfree.com-fartslush-wealth
1:16.4	and get Robert's free, powerful bonus guide, including nine proven wealth-building secrets.
1:21.7	Don't miss this limited time opportunity. Robert's seminar is free and his wealth-building guide
1:26.7	is free. Simply register to attend at richdadfree.com-fartslush-wealth. That's richdadfree.com-forward-slush-wealth.
1:37.6	Don't be like Charlie. Charlie is that do it yourself or who does himself in. Do it yourself
1:43.6	is good for tile and grout. It is not good for asset protection. Charlie thought he'd save a few
1:49.4	dollars forming his LLC online. With no guidance, he did it wrong. When he sold the property,
1:55.4	he lost thousands and thousands of dollars. He did himself in by trying to do it himself.
	...

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