The Retirement Crisis Balloons

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

🗓️ 14 September 2022

⏱️ ? minutes

🔗️ Recording | iTunes | RSS

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Summary

According to Bloomberg, “New York City’s pension costs will rise by about $6 billion over the next three fiscal years as high inflation and fears of a recession have hammered the city’s retirement plans.” Today’s guest explains how this could have prevented if with proper planning and oversight.
Ted Siedle, co-author of “Who Stole My Pension” says, “When the American or your state pension says they lost 6%, that’s not true. The number is probably double or triple that.”
CALpers, the largest government pension in the United States, which used to be known as the best-run pension in the U.S. has been faced with scandal and controversy. It’s no longer the gold-standard for anything. Siedle says, “It’s the gold standard for mis-behavior.”

Host Robert Kiyosaki and guest Ted Siedle discuss the ballooning pension crisis and what that means for future generations.

Transcript

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0:00.0	Robert Kiyosaki has always said,
0:01.9	The Rich Don't Work for Money.
0:03.4	And he has proven it for decades.
0:05.2	It's no secret Robert built his fortune in real estate,
0:08.0	and he's started with a single condo he acquired
0:10.4	with none of his own money.
0:11.8	Now, you can start building your financial fortune
0:14.5	in real estate, even if you have no cash, credit, or experience.
0:18.5	That's right, anyone can do it if you know how.
0:21.2	Robert has taught people from every walk of life
0:23.4	to build their financial fortunes in real estate time and time again.
0:26.9	Robert's stated mission has always been
0:28.7	to elevate the financial well-being of humanity.
0:31.4	That's why he's personally hosting a free, one-hour online training seminar
0:35.4	called How to Start Building, Your Financial Future in Real Estate,
0:38.7	where he'll discuss his proven strategies
0:40.5	to acquire real estate no matter what your current financial circumstances are.
0:44.3	Robert's free training seminar will give you the knowledge and confidence
0:47.2	to finally take action and create the kind of life
0:49.3	and financial freedom you deserve.
0:51.2	And when you register now at richdadfree.com-flashstart,
0:54.7	you'll also get a free copy of Robert's wealth-building e-book
	...

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