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

Is your money safe in the bank? Here's what you need to know.

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

The Rich Dad Company

Entrepreneurship, Business, Investing

4.13.9K Ratings

🗓️ 24 May 2023

⏱️ 48 minutes

🧾️ Download transcript

Summary

Is your money safe in the bank? Here's what you need to know
In this emergency podcast episode, Robert Kiyosaki and Andy Schectman discuss the potential risks of having money in regional banks. They explain that national banks are considered "too big to fail" and are backstopped by the federal reserve, while regional banks are not guaranteed to be bailed out in the event of a failure. The hosts emphasize the importance of understanding where your money is held and the potential risks involved, and suggest investing in tangible assets like gold and silver coins to protect one's finances. They also discuss the possibility of hyperinflation and the need for interest rates to spike to compensate for inflation.

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Please read carefully.

This is not financial advice.

You may be asking, “what does that mean?”

Let me explain…

Do not just do what I, my team or my guest says. That would be stupid and irresponsible. Take the education, then use your own brain and make your own decisions.

YOU must take responsibility for your future and your success. That is why you are here. Neither I, or my team, or my guests, know your risk levels, prior education, emotional maturity or how much money you can afford to lose.

We are only telling you what we believe to be smart moves. But you must decide for yourself. There are NEVER guarantees.

Also understand that we are REAL teachers. We practice what we preach. With that in mind we often invest in the very projects that may be mentioned on this show. While it is never our intent, we could possibly profit from others investing in our recommendations.

Take the education we provide but then determine your own actions. If it does not make sense to you, get more education before you invest. We will continue to provide education and there will always be more opportunities.

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“net returns” refers to the annualized internal rate of return net of all fees and costs, calculated from the offering closing date to the sale date. IRR may not be indicative of Masterworks paintings not yet sold and past performance is not indicative of future results. See important Reg A disclosures: Masterworks.com/cd Masterworks’ offerings are filed with the SEC, view all past and current offerings here or at SEC.gov.

Transcript

Click on a timestamp to play from that location

0:00.0

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0:09.0

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0:14.0

Now that's handy.

0:18.0

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0:21.0

Max1 per customer minimum combined odds of 1.5, opts in required, T-Sync's apply, 18 plus Be gamble away to org.

0:31.0

This is the Rich Dad Radio Show, the good news and bad news about money. Here's Robert Kiyosaki.

0:39.0

Hello Robert.

0:40.0

I can understand right here.

0:41.0

No, this is actually not a radio show but an emergency podcast.

0:45.0

It's emergency podcast number five.

0:49.0

And I wish we weren't doing these podcasts but I think we have to do them because a lot of people have no idea what's going on.

0:57.0

So this is going to be more in depth of what's going on.

1:00.0

This is an emergency podcast number five.

1:03.0

You can see it again in a discussively your friends discuss what's happening.

1:09.0

And what inspired it was a few nights ago I was at a local Cachiris bar where my friends hang out.

1:16.0

And I was talking to this attorney.

1:18.0

I mean, he's running for attorney general and things like this.

1:22.0

I said, what's going on?

1:24.0

How come people aren't terrified?

1:28.0

And he looked at me as those because people don't care.

1:33.0

He's just people don't care.

1:34.0

They think they think tomorrow will be like yesterday.

...

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