STOP Saving Your Money And Do This Instead | Robert Kiyosaki EP 422

The Daily Motivation

Lewis Howes

Education, Self-improvement

4.8 • 960 Ratings

🗓️ 3 November 2023

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Summary

Robert Kiyosaki urges listeners to stop saving their money and provides a powerful alternative strategy for financial success. He emphasizes the importance of taking calculated risks and investing wisely, encouraging listeners to step out of their comfort zones. You will learn how to leverage your resources, make informed decisions, and build a path to financial freedom. Tune in to discover Robert Kiyosaki's valuable insights on wealth creation, and embark on a journey towards financial prosperity.

Transcript

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0:00.0	Hi my name is Lewis Howes and welcome to the Daily Motivation Show.
0:07.0	You say don't be a savor be an investor should people be investing even during these times if they're not comfortable doing that.
0:19.0	Why would you save? Fear That worked before 1971.
0:24.0	They printed 4.5 trillion after 2008.
0:28.0	They estimate they're going to print another 6 to 8 trillion, maybe 10 trillion after 2020. 2020 at the same time they're going to pay
0:35.2	zero interest rate policy so you're saving money while the feds printing money and
0:40.0	they're going to pay you no interest on it. Why would you save it?
0:43.6	What would you say would be your three lessons
0:46.4	or what I'd like to call three truths?
0:48.6	I Richard always said, knowledge is finite. Stupidity is infinite.
0:55.0	So stay stupid.
0:56.0	Because that's how you get knowledge.
0:58.0	He always say that to me because my dad always hid behind his diploma PhD. He didn't know anything. You know, when people
1:06.8	ask me about the Fed, what is the Fed? I said, have you ever watched The Wizard of Oz? And they go,
1:12.1	yeah. They know how Dorothy and the Tin Man. the Wizard of Oz and they go, yeah,
1:12.8	who didn't help Dorothy and the Tin Man and the Lion and the Strawman,
1:17.2	they went down the Yellow Brick Road.
1:18.8	They were hoping to find the wizard.
1:20.7	And the wizard was going to give the lion a heart, Dorothy, whatever she wanted and all this stuff.
1:25.6	And when they get to the wizard or the Fed, there was nothing behind it. That's the Fed.
1:30.6	That's the PhD. They're hiding behind this thing called diploma. That's obsolete.
1:35.3	And so that's the second lesson. Be careful who your teachers are. Make sure your
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