Economic Virus

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

🗓️ 31 August 2020

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

Money flow is the only thing that can change the price of a stock—supply, and demand. Today’s guest advises if you are invested only in a 401(k) to “Run for the hills. You don’t want to be fully invested in the stock market.”
Why does he say this?
As you are aware, the world’s economic system was on the brink of total collapse in March 2020. The Fed, over the last nine weeks, has had to inject more money than ever before to save the system from total collapse.
But is all this supply an indication that an economic depression is coming?
Host Robert Kiyosaki and guest Bert Dohmen discuss his opinion about an impending depression, what is causing major changes in the stock market, and what is happening with the money supply.

Wellington Letter: www.dohmencapital.com
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Transcript

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0:00.0	Ready to take your crypto trading to the next level?
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0:26.6	Not investment advice, crypto trading involves risk of loss.
0:30.5	Don't be like Charlie.
0:33.0	Charlie is that do it yourself or who does himself in.
0:36.5	Do it yourself is good for tile and grout.
0:39.1	It is not good for asset protection.
0:41.7	Charlie thought he'd save a few dollars forming his LLC online.
0:45.6	With no guidance, he did it wrong.
0:47.8	When he sold the property, he lost thousands and thousands of dollars.
0:51.6	He did himself in by trying to do it himself.
0:54.8	Don't burn yourself.
0:56.3	Use corporate direct to set up and maintain your LLCs and corporations.
1:01.3	Corporate direct is owned and operated by attorney and rich dad advisor Garrett Sutton.
1:06.5	Garrett wrote the best seller's loopholes of real estate and start your own corporation.
1:11.0	He is Robert Kiyosaki's attorney for asset protection.
	...

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