Laughing All the Way to the Bank: Real Money vs. Fake Money

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

🗓️ 2 August 2023

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this podcast episode, Robert Kiyosaki delves into a thought-provoking discussion on the devaluation of the US dollar and the crucial need to differentiate between real money and fake money. Drawing from his own experiences, Kiyosaki reveals his investment strategy of acquiring silver coins as a safeguard against inflation. He also places significant emphasis on the role of cryptocurrency, particularly Bitcoin, in today's ever-evolving financial landscape.

To further enrich the conversation, Miguel Munoz and Charlie Engler, co-founders of Cultivate Crypto and Doghouse Crypto respectively, join in to shed light on their brands' primary focus of educating individuals about the intricacies of cryptocurrency. They stress the importance of acquiring knowledge and understanding in order to navigate the complex crypto industry successfully. Additionally, they offer valuable insights on purchasing Bitcoin and implementing effective security measures to protect one's digital assets.

The episode concludes with a discussion on the Crypto Mindset course, which underscores the necessity of caution and comprehensive education when engaging with cryptocurrencies. As the crypto space continues to evolve rapidly, it becomes increasingly vital for individuals to equip themselves with the necessary knowledge and mindset to make informed decisions and thrive in this ever-changing landscape.
-----
See important disclosures at masterworks.com/cd
-----
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.

This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/5712278/advertisement

Transcript

Click on a timestamp to play from that location

0:00.0	This is the Rich Dad Radio Show, the good news and bad news about money.
0:07.0	Here's Robert Kiyosaki.
0:09.0	Hello, hello, hello, Robert Kiyosaki, the Rich Dad Radio Show, the good news and bad news about money.
0:14.0	And today is bad news about the U.S. F and Dollar.
0:19.0	It's toast. And for those you have followed Rich Dad, I mean for much of my life, I never trusted U.S. money.
0:28.0	In 1964, I was 17 years old, I held up a U.S. quarter, it had copper tinge around it.
0:36.0	That's a kepasa.
0:38.0	Why is a silver coin copper?
0:41.0	That looked at the dime, it was copper.
0:44.0	Looked at a half dollar, it was copper.
0:47.0	So 1964 was the year the U.S. started screwing the world by pumping out fake money.
0:54.0	In 1964, the United States of America, God bless America.
0:59.0	And I fought for America twice, U.S. Marine.
1:03.0	The U.S. dollar became fake, it was called Gresham's Law.
1:07.0	And when you violate Gresham's Law, what Gresham's Law says, when fake money enters a system,
1:15.0	real money goes into hiding.
1:18.0	So in 1964, I'm 17 years old, I learned, you know, you don't need nothing about money at school.
1:24.0	But there's something into it that a human being in those was real and what's fake.
1:30.0	So I looked at these silver dollars and silver coins.
1:33.0	Immediately I'd go, I'd hitchhike from, you know, to look up and heal the whole way.
1:38.0	I'd hitchhike up to the country club.
1:40.0	I'd carry one bag for nine holes for a buck.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Rich Dad Company, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Rich Dad Company and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.