How to Prepare for the Future and Avoid Being Caught in the Next Crash

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

🗓️ 15 June 2020

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

As the global financial crisis spreads and the Fed prints more and more money to try to save the U.S. economy, the average person is wondering how can they avoid being caught in the next crash.
First, you must understand that the mess the U.S. is in has been happening since 2008. Mortgage-backed securities were the pin that popped the bubble in 2008, and the pin today is the coronavirus—not the cause.
The real cause of the economic problems is what 99.9% of the people can’t see—the structure of the economy itself. Guest George Gammon, American real estate investor and entrepreneur, says, “Whether it was mortgage-backed securities or Covid-19, it doesn’t matter, sooner or later, a system that is broken will finally break.”
Listen as hosts Robert and Kim Kiyosaki are joined by guest George Gammon for an in-depth discussion on:

The effects of the repo market on the economy

Dollar swap lines

An inflationary and deflationary economy

How to position yourself for the next crash

Twitter: @georgegammon
Podcast: The Rebel Capitalist Show
Website: www.georgegammon.com
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Transcript

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0:00.0	Don't Be Like Charlie.
0:03.0	Charlie is that do it yourself or who does himself in.
0:06.6	Do it yourself is good for tile and grout.
0:09.2	It is not good for asset protection.
0:11.8	Charlie thought he'd save a few dollars forming his LLC online.
0:15.8	With no guidance, he did it wrong.
0:18.0	When he sold the property, he lost thousands and thousands of dollars.
0:21.8	He did himself in by trying to do it himself.
0:24.9	Don't burn yourself.
0:26.5	His corporate direct to set up and maintain your LLCs and corporations.
0:31.3	Corporate direct is owned and operated by attorney and rich dad advisor Garrett Sutton.
0:36.4	Garrett wrote the best seller's loopholes of real estate and start your own corporation.
0:41.0	He is Robert Kiyosaki's attorney for asset protection.
0:44.4	He and his team will do it right.
0:46.6	Visit them at corporatedirect.com or call 800-600-1760.
0:52.1	Watch and Rich Dad and receive $100 off your formation fee.
0:56.0	That's corporatedirect.com.
0:58.2	Corporatedirect.com
1:00.2	Because study is better with play.
1:02.8	Samsung Galaxy TAB S7 FE.
1:05.2	Ready to make the most of your school year?
1:07.1	The ultra-large screen gets you closer to the action, whether you're studying, streaming
	...

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