This Financial Crisis is BIGGER Than 2008! - Andy Schectman

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

🗓️ 12 March 2025

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

Is your money really safe? In this episode of Rich Dad’s World, Robert Kiyosaki and gold expert Andy Schectman expose the truth about fake money, real assets, and how to protect your wealth before it’s too late. Since 1971, when the U.S. left the gold standard, the dollar has been nothing more than government-backed paper, and history shows that all fiat currencies eventually fail.

Robert shares his journey from discovering the truth about money in 1964 to owning tons of real gold and silver today. Andy breaks down why silver is the most undervalued asset, how industrial demand is depleting supply, and why central banks are hoarding gold while the average person clings to depreciating dollars and risky stocks.

If you’re still relying on cash, bonds, or paper investments, you’re playing a losing game. The rich don’t work for money—they work for assets. Learn why gold and silver are the ultimate safe havens, how to prepare for the next financial crash, and why waiting could cost you everything.

00:00 Introduction
01:22 Learning Real Estate and Debt
01:54 Discovering Fake Money
04:26 Introduction to Andy Shectman
05:22 The Value of Gold and Silver
08:13 Economic Challenges and Solutions
11:28 The Case for Silver
19:22 Summary and Final Thoughts
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Disclaimer: The information provided in this episode is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.

The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.

Transcript

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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, Robert Kiyosaki, and welcome to Rich Dad's World.
0:12.9	And today we have a very special guest, as all our guests are.
0:16.5	But I want to apologize for my outfit right now.
0:19.2	I just got in from the gym, but that's a way of plugging what Rich World does or promoting
0:25.1	them.
0:26.2	My saying is, if it's important to you, hire a coach.
0:30.1	And I think that's one of the reasons people are not successful is they, you know,
0:34.9	they eat a cheeseburger instead of hiring a coach, you know what I mean? And so my coach
0:41.2	pushes me. They're younger than me. They push harder. They're trained. And as my rich dad always said,
0:49.9	you know, amateurs don't have a coach, but professionals always have coaches.
0:55.6	So I've always had coaches for whatever is important.
0:58.5	My rich dad was one of those persons.
1:01.2	I wanted to learn of how to play Monopoly in real life.
1:05.3	So he was my coach.
1:07.3	And when I came back from Vietnam, my poor dad says, go to school and get your PhD.
1:12.6	And I said, I hated school. Why would I do that?
1:15.6	And my rich dad very simply said to me, he says, then go take your real estate, not a real estate license, it's a difference.
1:25.6	He says, learn real estate. And then because what you're
1:30.3	learning is debt. So my rich dad was my coach. So I learned to play Monopoly in real life. And today
1:39.2	I'm a billion two in debt. I'm very happy with it. So that's what that's my way of saying, if it's important to you,
	...

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