Rich Dad Radio Show: In-your-face Advice On Investing, Personal Finance, & Starting A Business

Bitcoin and other cryptocurrencies are now challenging the hegemony of the U.S. dollar and other fiat currencies.In May 2020, a historic event cut the daily incoming supply of Bitcoin from 1800 Bitcoin per day to 900 Bitcoin per day—a sort of quantitative hardening—opposite of what the Fed is doing by printing trillions of dollars. Central banks, in simplest terms, create money out of nothing. They create “fake money” and loan it to governments.Bitcoin, on the other hand, is completely decentralized meaning that nobody can manipulate the market and there is not any single point of failure. It will be interesting to see how long the Central Banks will tolerate the competition from cyber money before there is a showdown. Host Robert Kiyosaki and guest Anthony Pompliano examine the value of Bitcoin in the current economy and how it may create a quasi gold standard. The Pomp Podcast: https://anthonypompliano.com/An Open Letter to Ray Dalio: https://youtu.be/i0N9qj4gjmgLearn more about your ad choices. Visit megap

In 1997, the book Rich Dad Poor Dad was self-published because every publisher Robert and Kim offered it to turned it down. Most publishers sent rejection letters stating, “We are not interested in your book at this time.” A few more honest publishers thought Robert’s ideas were ridiculous. As a result, Robert and Kim turned to self-publishing.Three years later, Rich Dad Poor Dad made the New York Times Best Sellers list, the only self-published book on the list at the time. Then Oprah Winfrey called, and the rest is history. If you’ve ever had the idea to write your own book, this show is for you. Everyone has a great story living inside of them, it’s just a matter of getting that story to come to life, and even better make money doing so!Hosts Robert and Kim Kiyosaki and guest Chandler Bolt discuss how now might be the best time to start writing your book, and why self-publishing can help you generate income even during a pandemic. Website: https://self-publishingschool.comPodcast: https://self-publishingsch

When the coronavirus pandemic struck in the United States, the FDA was forced to closely monitor the medical product supply chain, including disruptions to supply or shortages of critical medical products in the U.S. because many of the components for those in-demand products are manufactured in China. In a statement in February 2020, the FDA said, “Since January 24, the FDA has been in touch with more than 180 manufacturers of human drugs, not only to remind them of applicable legal requirements for notifying the FDA of any anticipated supply disruptions but also asking them to evaluate their entire supply chain, including active pharmaceutical ingredients (the main ingredient in the drug and part that produces the intended effects, e.g., acetaminophen) and other components manufactured in China.Also, as part of our efforts, the FDA has identified about 20 other drugs, which solely source their active pharmaceutical ingredients or finished drug products from China. We have been in contact with those firms to

Most people are trained to avoid mistakes. Rather, they always play it safe. Robert Kiyosaki’s rich dad said, “Some of the biggest failures I know are people who have never failed.” His point was that because people try to play it safe, they never take any risks. And because they never take any risks, they never get ahead in life. That is certainly not the case for today’s guest, the CEO, and Co-Found of Nekter Juice Bar, Steve Schulze. Prior to launching Nekter, Steve worked for consumer-based companies in various sales, marketing, and management capacities, including spending over 10 years in the infomercial industry. Like many Americans, Steve found himself jobless after the financial crisis of 2008. This crisis provided Steve with a new perspective about what he wanted to do in the next chapter of his life—and so Nekter was born. From one single store in 2010 to now over 160 locations in 16 states nationwide, Nekter has become a clear leader in the elevated juice bar experience. In this episode, hosts Rob

Online crime often succeeds because of failure across a variety of systems and as technology changes, cybersecurity becomes increasingly more difficult to maintain. Those that are committing online crime usually operate open source and somewhat freely exchange information. The result is a criminal community that is more educated and much quicker than the “good guys.” Today’s guest, Brett Johnson, ran the first organized cybercrime community, Shadowcrew, but after finding himself on the United States Most Wanted List, he’s turned from bad guy to good guy. His background as the first Internet Godfather and current status as a leading security professional give Brett a unique insight and understanding of cybersecurity unavailable anywhere else. Hosts Robert and Kim Kiyosaki are joined by cybercrime expert, Brett Johnson and VP of Operations at Rich Dad, Robb LeCount to discuss the latest trends in cybercrimes and what you can do to protect yourself from online security attacks. Follow Brett on Twitter: @GOllumfu

As the global financial crisis spreads and the Fed prints more and more money to try to save the U.S. economy, the average person is wondering how can they avoid being caught in the next crash.First, you must understand that the mess the U.S. is in has been happening since 2008. Mortgage-backed securities were the pin that popped the bubble in 2008, and the pin today is the coronavirus—not the cause.The real cause of the economic problems is what 99.9% of the people can’t see—the structure of the economy itself. Guest George Gammon, American real estate investor and entrepreneur, says, “Whether it was mortgage-backed securities or Covid-19, it doesn’t matter, sooner or later, a system that is broken will finally break.”Listen as hosts Robert and Kim Kiyosaki are joined by guest George Gammon for an in-depth discussion on:The effects of the repo market on the economyDollar swap linesAn inflationary and deflationary economyHow to position yourself for the next crashTwitter: @georgegammonPodcast: The Rebel Capit

The Fed has been printing trillions of dollars, and the amount of debt that has been added is insurmountable. America was already the largest debtor nation in the history of the world and in the last month they have added staggering amounts of debt and they continue to add more and they're printing more money. Why? Today’s guest, one of the world’s most successful international investors, Jim Rogers, says “There's an election in November in the United States. None of those guys care about you and me or other people or young people like my kids. They care about the election. They want to print and spend and borrow as much money as they can to win the election.” But the U.S. isn’t in this mess alone, countries across the globe are in the same financial crisis. Is there any good news? Yes! Listen as host Robert Kiyosaki and guest Jim Rogers discuss what effects the coronavirus is having across the globe, but more importantly, where in the world has the best opportunities for investment. Learn more about your ad

The Federal Reserve, the United States central bank, has “printed" more than $2 trillion since the global economic crisis began, and when the Fed prints money it makes the price of assets like gold, silver, and Bitcoin go up.As Robert Kiyosaki says, central banks are run by the “controlling elite.” These elites do not like gold because central banks cannot print gold. Equally, central banks do not like Bitcoin and blockchain because what Robert calls people’s money, does not need central banks either.Today, billions of people are trapped in a central banking system owned by the mega-rich and are losing big time because they are saving money. Listen as host Robert Kiyosaki and guest Jeff Wang, the host of www.rocketfuelcrypto.com and part of the avid investment group RocketFuel Team (www.rocketfuel.team), discuss how cryptocurrency is a hedge against the dying dollar and your opportunity to invest outside the central banking system. Learn more about your ad choices. Visit megaphone.fm/adchoices

Central banks have created a “milkshake” of different currencies and pushed liquidity into the global economy. As of 2016, the US started raising rates while the rest of the world was “mixing” the milkshake. As a result, raising rates acts as a straw that sucks the capital into the United States. So what is the outlook in the post-coronavirus economy? Brent Johnson, CEO of Santiago Capital, explains the “Dollar Milkshake Theory,” what impact the strong dollar will have on gold and Bitcoin, and why comparisons of currency strength are all relative. In addition, he explains that a strong dollar is good for the U.S., however, the global economy is not meant to support a strong dollar and could mean we will see a “reset” of currency. Listen as hosts Robert and Kim Kiyosaki and guest Brent Johnson discuss what assets will perform in 2020 and how you can prepare for the future. Website: http://santiagocapital.comLearn more about your ad choices. Visit megaphone.fm/adchoices

“Investing is a plan.” In order for Robert and Kim Kiyosaki to retire young, they had to have a plan, a plan that started with nothing because they had nothing. The plan had an exit, and it also had a time limit. For many, however, the current financial crisis has disrupted the plans of millions of people to retire in the near future. For the majority of baby boomers they’ve prepared for retirement by relying on a 401(k) and it’s how the majority of the US prepares, including probably you. But guest David Scranton, host of the financial TV Show “The Income Generation,” explains how those who are approaching retirement are in a critical time as they’ve seen their 401(k)s and pensions disappear since the coronavirus. Listen as hosts Robert and Kim Kiyosaki and David Scranton discuss how now is the time to take action because what worked before, will not work in today’s post-corona economy. The Income Generation: http://theincomegeneration.comSound Income Strategies: https://soundincomestrategies.comLearn more a

Do You Have the DNA of a Wartime Leader?A peacetime leader takes the safe route. They follow the rules of: go to school, get a good job. They are worried about being perfect, but accept the bad. And make committee-based decisions. You might even be one.In contrast, wartime leaders bring peace of mind through strength and a sense of security. They are quick to make decisions and can lead during turbulent times. A lot of people are facing a crisis right now. If you're one of those people, ask yourself: Will this crisis make you stronger, or weaker? Will you rise to the challenge, use your creativity and persistence to overcome hardship? Will you emerge as a wartime leader?In today’s episode, hosts Robert and Kim Kiyosaki are joined by guest Patrick Bet-David to discuss the difference between a wartime leader and a peacetime leader, and how to spot the person who will emerge from the current crisis as a hero. Patrick Bet-DavidWebsite: https://www.patrickbetdavid.com/Instagram: @patrickbetdavidYoutube: https://ww

The Government is managing the economy through government debt and the Fed printing money. There's no better example of why they do this than when the Fed announced it would create limitless amounts of money in March 2020. Had the Government not printed money, the U.S. would have certainly fallen into a depression.The question you should be asking is, "How long can this go on before we spiral into a new depression?" To answer this question, you first must:1. Understand the forces that drove the global economy and the financial markets before the Coronavirus struck. 2. Understand what the government must do now to prevent an unprecedented destruction of wealth and a new Great Depression.Listen as host Robert Kiyosaki and guest Richard Duncan, author of the international bestseller, "The Dollar Crisis: Causes, Consequences, Cures," discuss how the current financial crisis started long before the coronavirus spread throughout the world and what you can do about it.***FOR RICHDAD.COM***Richard Duncan’s website: h

In today’s new world, there are only two options: increase your financial education and learn to create your own wealth, or become poorer and poorer and rely on the government and the rich to take care of you.We have now experienced a major turning point in the history of mankind. The days of going to school, getting a safe secure job, and investing for the long-term are long gone. We are in a new age—the age of entrepreneurship. Today, the barrier to entry to entrepreneurship is almost non-existent. But to heed the opportunities available to everyone it requires a brand new mindset—the mindset of an entrepreneur. In fact, mindset most often is the dividing line between those who are successful in life and those who are not. Listen as hosts Robert and Kim Kiyosaki and guest Guy Kawasaki discuss why now—a time of great change—is a time of great opportunities for entrepreneurs in the post-coronavirus economy. ***FOR RICHDAD.COM***Guy Kawasaki's Podcast: www.remarkablepeople.comLearn more about your ad choices.

Many public or government pensions—including some of the largest—are not audited annually by independent certified public accountants. In fact, about 60 percent of all corporate pensions in the United States are not audited. Let’s call it another example of the “gross malpractice generally practiced” that pervades pension management. Pensions don’t just implode overnight. There are always warning signs or “red flags” that have been disregarded for decades."Who Stole My Pension" co-author Ted Siedle, says, “Pension deaths are almost always foreseeable. Likewise, pension deaths are almost always preventable. If not foreseen and prevented, someone was not doing his or her job. However, autopsies almost never follow pension deaths. Indeed, the possibility of a forensic investigation into the causes of a pension death is rarely even discussed. The scope of such an investigation, as well as probable minimal cost, is rarely researched.Listen to hosts Robert and Kim Kiyosaki and guests Ted Siedle and U.S. Congressman

Throughout history, “money” has been many different things. Money has taken the form of seashells, colored beads, feathers, live animals, and large stones. Today, there are three types of modern money. Robert Kiyosaki says they are:1. God’s money: Gold and silver2. Government’s money: Dollars, Euros, pesos, etc.3. People’s money: Bitcoin, Ethereum, etc.Most are taught that saving money is smart but the truth is the dollar is worthless because the Fed is has been printing trillions of dollars ultimately make savers the biggest loser of all. So if saving money isn’t smart, what is? Get on your own gold standard, outside of the banks. Always remember gold and silver were here when the Earth was formed, and it will be here when we are all gone. In this episode, host Robert Kiyosaki and guests Anthony Pompliano and Brien Lundin give listeners an in-depth look into how assets like gold, silver, and cryptocurrency are insurance against a dying dollar.——————————————————————————————————FOR RICHDAD.COMBrien Lundin: www

States with the worst pension fund shortfalls include Colorado, Connecticut, Illinois, Kentucky, and New Jersey which have less than half of the assets needed to pay promised benefits and another 17 states have less than two-thirds. The extent to which public pensions are underfunded has been obscured by governmental accounting rules, which allow pensions to eliminate their underfunding, no matter how large, simply by investing in risky assets. In fact, investing in riskier assets may allow a pension to raise investment assumptions, but it also increases the probability that existing underfunding will increase. It’s anyone’s guess what will happen if and when a state pension in the United States runs out of money, but it’s indisputable that the amount of money that will be needed to bail out a single failed U.S. state pension will be in the tens of billions.All public pension stakeholders—American taxpayers and pensioners—need to get educated fast as to the causes of coming pension collapses and learn what th

Everyone is worried about getting sick, but what about focusing on staying healthy? It seems that during times of panic and quarantine people forget to take care of themselves as they would do when life was "normal". Maintaining a healthy and balanced lifestyle will give anyone an advantage during a pandemic. Hosts Robert and Kim Kiyosaki are joined by two of their own doctors, Dr. Nicole Srednicki and Dr. Josh Haggard to discuss the five things you can do to stay healthy every day—even while you are homebound—to avoid getting sick. Listen for an in-depth discussion on:1. Getting enough sunlight2. Eating adequate servings of fruits and vegetables3. Impacts of daily exercise4. How many hours of sleep you should be getting5. Staying hydratedStay for the second half and listen to learn what the doctors say may have contributed to the spread of the coronavirus. Learn more about your ad choices. Visit megaphone.fm/adchoices

As if the coronavirus hasn't caused enough damage, it also has investors feeling like they've been punched in the gut financially. Falling stock prices and interest rates have created a problem for both DB and DC pensions plans. The unfortunate thing about the coronavirus hitting at a time when most pensions are already underfunded, it almost certainly, will likely lead to more pension cuts as trouble grows in the economy. So the question that Robert Kiyosaki and his guests will be answering is, "What can I do?"In today's episode of the "5 Pension Time Bombs" series, Rich Dad Advisor Ken McElroy, explains how investing in a cash-flowing asset, like real estate, can provide not only tax-free wealth but also a real nest-egg for retirement no matter which way the stock market goes—up, down, or sideways. Listen as host Robert Kiyosaki and guests Ken McElroy and Ted Siedle discuss how financial education can lead to financial freedom even during uncertain times. For richdad.comKen McElroy Instagram: @kenmcelroyoff

Have you wondered why your property taxes are at record highs, water and sewage charges continue to grow, and local governments never seem to run out of ways to nickel and dime their constituents with fee after fee? Yet, the quality of services we depend on continue to decline.You might not think this pension crisis affects you, but as a taxpayer, you'll be shocked to find out exactly where your tax dollars are going.Phoenix City Councilman Sal DiCiccio, has been the taxpayer's champion, pushing for pension reform, exposing waste and public unions finagling huge pay increases. This week he contributes to the "5 Pension Time Bombs" series with his perspective on the pension problem from within one of the largest cities in the United States.Listen as hosts Robert and Kim welcome guests Ted Siedle and Sal DiCiccio who give warnings to those whose tax dollars are funding failing pensions.Learn more about your ad choices. Visit megaphone.fm/adchoices

The rules are changing quickly for entrepreneurs since confirmed coronavirus cases continue to exponentially grow around the world. As a result, the U.S. Federal Government sprung into action to try to alleviate further damage and destruction to the economy. Last week, President Donald Trump signed the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act into law, which initiated a $2 trillion stimulus package, the largest emergency relief bill in American history. Our guest today, Tom Wheelwright who is the Rich Dad Advisor on Taxes, and author of “Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes,” joins The Rich Dad Radio Show to discuss how this stimulus package will affect entrepreneurs. For employees facing unemployment, layoffs, and furloughs, Robert and Kim suggest now might bet the best time to change your mindset about how you earn your money and learn to see opportunity rather than despair.Listen as Robert, Kim, and Tom discuss how financial education, not