The Most Important Financial Lessons You Need to Know Right Now

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

🗓️ 22 February 2024

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode of the Rich Dad Radio Show, host Robert Kiyosaki and special guest George Gammon, delve into the financial landscape, discussing the growing wealth gap and the critical need for financial education. They explore the effects of government policies on investments and the economy, touching on real estate, the stock market, and precious metals. The conversation also covers the volatile world of digital assets, comparing the crypto craze to the dotcom bubble, and examining the risks for young investors. Concerns about central bank digital currencies, financial privacy, and the concentration of power provide a sobering backdrop to the discussion, which also draws historical parallels to emphasize current geopolitical tensions.

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See important disclosures at masterworks.com/cd

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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.

Transcript

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0:00.0	Book your ticket to happiness with Sun Express Airlines. This is the Rich Dad Radio Show, The Good News and Bad News About Money.
0:25.0	Here's Robert Kiosaki.
0:27.0	Hello, Hello, Robert Kiosaki, The Rich Radio Show, The Good News and Bad News about Money.
0:32.0	Now we're having a very, very special friend. He used to be a neighbor right next door over there.
0:38.1	It's one of the smartest young men I know is George Gamin. And we're going to have a very exciting show today because I've been on
0:45.8	this the IMF at Davos Switzerland said the world economy is going to hit the biggest financial headwind since World War.
0:56.0	Yeah, yeah. What does that mean? You know what I mean? That's what I'm going to talk about.
1:00.0	But more in part of the way, what can you do? So George, welcome back. You have fantastic, fantastic, fantastic,
1:08.0	I mean event in Dallas, the collective. And we talked about it is, you know,
1:14.0	when you think about what are your assets today,
1:17.8	if you're hanging out with idiots,
1:19.1	you're probably an idiot.
1:20.2	And so when you put on you and Kenny put on the collective I'm just blown away at the quality of people that showed up
1:30.0	they're already wealthy and they're proactive moving forward.
1:34.0	And then I'm in Walmart looking at another breed of character running around there.
1:39.0	They're clueless.
1:40.0	And what I've found overall, because you know my whole fascination is why are some people rich and why is some people poor
1:46.8	But in 2022 the gap between rich and poor is now accelerating. It's getting wider in the Grand Canyon, but a lot of the times the people
1:56.3	they're getting poor is simply because they had poor teachers.
1:59.3	Yeah, you know their parents are poor or they come from a poor background or like in my case they're all school teachers who think even a PhD that's all you need.
2:09.0	Yeah, and unfortunately too they if they don't see the world the way it really is, they assume
2:18.0	that the, they assume the solution or the solutions that are presented to them by the central planners and the politicians.
	...

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