Hope is NOT a Retirement Strategy

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

🗓️ 29 December 2021

⏱️ ? minutes

🔗️ Recording | iTunes | RSS

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Summary

Retirement fund giant, CALPERS, voted in early November to use borrowed money and alternative assets to meet its investment-return target, even after lowering that target just a few months ago. Today’s guests discuss what this means for retirees depending on their pension for their financial future.
New York Times reported, “The move by the $495 billion California Public Employees’ Retirement System reflects the dimming prospects for safe publicly traded investments by households and institutions alike and sets a tone for increased risk-taking by pension funds around the country.”
Ted Siedle, the co-author of Who Stole My Pension says, “These state and local pensions are refusing to give participants in the fund and taxpayers a prospectus on the fund. The money is all secret.”
John MacGregor, Author of the book The Top 10 Reasons the Rich Go Broke and a Certified Financial Planner says, “With this shortfall, we’ve got 10,000 people hitting retirement every single day, these states are heading for a pension crisis.”
Host Robert Kiyosaki and guests Ted Siedle and John MacGregor discuss the number one problem facing retirees today, and what you can do about it.

Transcript

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0:00.0	This year, give that special someone in your life a gift they love and a price you love.
0:05.6	Discover thousands of hidden treasures here today at H&T Palmbrokers.
0:09.9	Get more for your money with their extensive range of pre-owned jewelry, diamonds and Swiss watches.
0:15.2	With gifts to suit any budget from just £10 through to diamonds with up to 20% off.
0:20.7	Make their Christmas sparkle.
0:23.7	Buy and store at your nearest H&T or online at EST1897.co.uk.
0:31.0	Everyone wants to be independently wealthy.
0:33.3	You get to live life on your terms, be your own boss and simply feel safe and secure.
0:38.3	If you were born independently wealthy, you know what I'm talking about.
0:41.5	It's absolute freedom. Freedom of choice to live life is exactly the way you'd like.
0:46.0	The freedom of knowing you don't need to rely on your employer or the government just to get by.
0:50.2	You have the peace of mind knowing you and your family will retire comfortably.
0:55.1	If you are not born rich like most of us, you need some help to get there.
0:58.8	You can make a conscious choice to be rich.
1:02.0	The first step is very simple.
1:04.0	You'll need to learn how to think like the rich.
1:06.1	The rich-to-admission is to elevate the financial well-being of humanity, your financial well-being.
1:11.6	To that end, Robert is hosting a free online training event to help people achieve
1:15.7	financial freedom faster. It's called Robert's Road to Wealth,
1:19.3	where he will share four lessons that will completely change how you think about money
1:23.2	and your ability to create wealth.
1:24.9	It will take you from where you are today to finally getting out of the rat race.
	...

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