An eye opening interview with Robert Kiyosaki - the economic shock ahead in 2021

[@MichaelYardney]

If you're looking for Direction, Certainty, and Wealth Producing Results in property and wealth creation why not get my team at Metropole to discuss your options: metropole.com.au/enquiry/

[@thomasverdon2578]

Hey Mike, just subscribed & look forward to more of your content but doesn’t it seem like the government will eventually implement their own Govcoin digital as they will aim to phase out the dollar currency & bring in DeFi as a solution to track, trace, record & monitor the flow of a new financial structure directly. Scary though

[@MichaelYardney]

Who knows what will happen but things will change

[@frasersamuel2867]

The only reason the Australian property market hasn't crashed is due to central banks artificially manipulating the market. Debt has been going up faster than wages for decades in Australia. This has only worked as the RBA has lowered rates. Moreover the RBA has started QE. Our household debt is equivalent to Ireland's before their crash. Our market will crash at some point. I suggest that time is getting closer.

[@jeffmoore2351]

I think your closer to the money as against the blogger in regards to debt. I have seen a recent boom in our rural area, Buyers from the cities are getting out and investing in the cheaper rural properties. Just in the last 3 months the real estate values appeared to have jumped 50,000.

[@sekhariyer3980]

I work in mortgage of big 4 , can definitely vouch on the big debt people are accruing in hope of bigger equity increases in future . Hope the property market remains intact & supported by government. Else it’s going to be a big bloodbath of innocent investor who just got a bit greedy & tricked into taking so much debt .

[@treatyman25]

Your in la la land lad!!! She’s about to blow !!!

[@danielhern3000]

Question Are houses going up in value, Or Is our currency loosing purchasing power, So it takes more dollars to buy the same house?

[@Rugbaleg]

A broken clock is right twice a day. He’ll keep saying it will crash and he’ll be right one day.

[@oleggusev8614]

Haha 😂 you are right Kiyosaki is a dumbass scumbag bullscumbag

[@jacobgrzywinski471]

Warrior of the Old paradigm, not seeing that a new one is already around the corner. Corrupted economic systems depending more on speculation, than adding a new value are already crumbling down.

[@InstallExpress]

Nice to see some different content/education... The property reports are great but it's the same thing week in week out. Would be really good for yourself/Andrew to have a small segment where you comment on alternative investment vehicles and/or macro... For me personally I come to this channel to hear the Aussie property play against other expert macro & economic channels. Australia is more than a 1 trick pony.

[@MichaelYardney]

Thanks for your feedback - every week I produced an audio podcast with a range of experts covering a wide variety of topics. Unfortunately I don't create videos of these. But I also have a very wide variety of topics covered my daily briefing www.PropertyUpdate.com.au - do you subscribe?

[@seanstagar1212]

Great to listen in. I thought you both have great ideas and opinions. I also thought all the comments you made post interview should have been a discussion between you and him for us all to engage in.

[@MichaelYardney]

Thanks

[@markwng]

When reading RDPD I was surprised how similar our systems were. I agree with the notion that your home isnt an asset until you borrow against it to invest, then its making money..

[@MichaelYardney]

Its a capital growth asset - if you can borrow against it the banks see it as an asset - not a liability

[@emp731]

@@MichaelYardney If you can 'borrow' against it..Then that means you will become in DEBT even more..

[@scottyates5758]

@@emp731 Debt is the way to make money pure and simple.

[@emp731]

@@scottyates5758 Says who?”Pure and simple” sounds like a good name for a butter spread...The correct way is to EARN and WORK your way up...Not fast track by taking loans/ debt

[@MichaelYardney]

I know you really believe that. The trouble is you can never save you a way to wealth and you can never work long enough hours or hard enough to become rich that way. That's why the gap between the financial influence in the average Australian is growing wider and wider.

[@anonamos3287]

Just Australia? The whole of this modern western society is a huge bubble.

[@Robrulz666icloud]

Thank you for your insight I really enjoyed the interview 👍

[@sallychannel8589]

Thank you so much I love your channel 👍👍🌈

[@emp731]

why?

[@bahaabadri8995]

Yeah they took the guns away from us now they take the cash away guess what they can’t take my crypto😂

[@MichaelYardney]

Yes that remains yours - I hope it increases in value for you

[@doyleelad1113]

Good luck with your crypto. They can't take it way but the can block your exits to ever spend it.

[@bahaabadri8995]

@@doyleelad1113 No way they can’t, Obviously you don’t understand exactly what is about the cryptocurrency, please do your Research like what I did ‘)

[@Angie-in8wc]

China banned crypto. Remember, every country has its own currency, the last thing they want is competition. Governments will release their own and ban all others. I give BitCoin, Etherium, Doge etc 3-5 years before they’re done.

[@danielhern3000]

You can claim depreciation on your home?

[@chimpyfil]

I live in the states, and, of course, this interview is dead-sights. The centralized banking system is not our friend in this instance-i appreciate your respectful rebuttals, if i'm off base. So what do we do for currency, as inflation of the USD can be measured by the inflation rate ofbcandy bars since '91? I agree with crypto, and traditionals(gold&silver too😁), as a way of conservation/gain; considering my labor is worth about 30% less than it's spending value here currently- yes, i work too. Btw MY, I'm an opal cutter, and have a love for the continent with the rarest, most magical, beautiful, enigmatic, & diverse variety thereof, stone, any sentient being can lay eyes upon. Thank you all, & God bless

[@thefungiblemillennial-fina2207]

Thanks for posting this!

[@MichaelYardney]

My pleasure - I hope you had some fun watching it and learned a few things at the same time

[@dmac732]

Couldn’t disagree with you more You are very 1 Dimensional in your advice I got to retire at 47 with methods you advice not to do . Australians are in many different Financial situations and What worked one might necessarily work for the other they really need to streamline their own structure for the circumstances really need to make this clear to someone who is a novice and starting out For some one in there first investment they should concentrate on yield more so than growth it’s good to have both but you want to make sure you always have enough and the growth will take care of its self if you have done your hone work and not buying in a boom or bust town

[@CookieMonster-wy4qb]

Great guest outstanding interview Micheal! 👍

[@MichaelYardney]

What a shame - I thought you'd like his negative prophecy. Did you at least bother to watch this?

[@CookieMonster-wy4qb]

@@MichaelYardney I think he’s getting out of real estate 🏡

[@MichaelYardney]

@@CookieMonster-wy4qb No - he said he loves real estate and has 8000 investments

[@emp731]

@@MichaelYardney The larger the denial,the larger the shock will be..It is sad.

[@CookieMonster-wy4qb]

@@MichaelYardney looks like he could go bankrupt a 3rd time then Michael!

[@alphaone3704]

Because the politicians heads are in a bubble!!

[@danielhern3000]

Cash under your mattress is loosing purchasing power through Inflation

[@Angie-in8wc]

Mr Yarney - while I like your easy going presentation style, I disagree with your investment philosophy. Your strategy relies on speculative investment, not the fundamentals of good investment. While interest rates are close to zero and credit is flowing like champagne, it’s easy to make a capital gain. But what it has done, is transfer wealth from younger generations to yours. Home ownership in Australia has dropped from 80% in the 1990s to 60% now. There is a whole younger generation who can’t afford the their own home. Your grandkids won’t be able to afford to live in their own country. A truckie and a shop assistant used to be able to afford to buy a house in the suburbs and have a family. They can’t do that now. When you bought your first home, it would have cost 2-3 times your yearly income. Now kids have to pay 6-8 times their yearly income to buy their first home - and it’s not because they are eating smashed avo on toast. The Aussie Fair Go is dead for the under 30’s.

[@rusco88]

the same guy who went around telling everyone that we will see the biggest crash in shares history this October 2021… what happened was exactly the opposite! … stay away from that guy kiosaki, your credibility will start to become questionable too…

[@poppykitsch9603]

Just wondering, when is enough money and wealth enough?

[@gregryan4899]

RK has been predicting the end of the world forever. And he could be right as soon as tomorrow, but so will chicken little one day. Attended one of his presentations in Sydney many years ago and it’s content was at best limited. When called out by an attendee he had no answer! Rich Dad Poor Dad, not a true story, had great principles re assets. That’s where he should have quit teaching while he was ahead!

[@dchambo7351]

This video has just been edited and cut to make out that your interviewing Robert , this is an old interview

[@raypatson8775]

Duh he mentioned that

[@doyleelad1113]

You obviously didn't watch any of it as it was made clear in the first minute that the interview was prerecorded.

[@jefferypearce5487]

This post didn’t age well at the end of 2021

[@crazyprayingmantis5596]

I'll just keep staking satoshis

[@MichaelYardney]

really?

[@crazyprayingmantis5596]

@@MichaelYardney Be silly not to

[@louisebb4183]

We have so much resources that is why everyone wants to grab it

[@Brian1952ful]

About as accurate as Harry Dent. Lol.

[@soriyaso3388]

Don’t forget your 24 K pure Gold Coffin !!!

[@maxwilliams4048]

Hi your comments about property growth don’t hold true for the WA & NT market over the past 10 years. Cash flow is critical if you want to hold through ups and downs.

[@ventura1893]

Housing in Tasmania is of equal value to Brisbane the rates are half cost of living was half before coV / housing in Mackay is higher price than Brisbane rates are higher services are less cost of living is higher / comes down to greed and corruption in local government / pushing people into stacked condos to give an impression of growth , instead of support for the family home with water catchment and veg garden + solar energy and water heating / Australia has plenty of space why cram into the coast and dam up and develop land good for growing food ,shutting down oil refining,is bullshit,scrap agreements refine Australian oil for domestic use ,USA own and control most Australian banks especially combank ,buy back combank and be smarter , rebuild industry and work on self sufficient production of food water basic needs , scrap Chinese development ,china is going down

[@phalyoutube9698]

? The massive desert covering most of the interior of the continent might have something to do with it.

[@MichaelYardney]

I can't see Australians rushing to live in the middle of Australia where there aren't the jobs or all the facilities for the big capital cities. Yes we do live very differently here to other countries don't we?

[@Birch37]

According to economists for 25 years Australia is in a bubble. Sooner or later over the next 100 years someone will be correct. A broken clock is correct twice a day. Not sure if investing in Bondi, Rushcutter's Bay etc are that clever, those suburbs are all over priced and have very little room for growth. In fact, real estate in these suburbs are most likely the experience substantial lose during a bubble crisis. If a financial crisis is likely than why would you invest in these locations , rather than medium priced property. You aren't practising what you are preaching. And I would keep away from Harry Dent, he hasn't been correct about anything. It's like fortune telling, something might happen, sometime in the next 100 years.

[@MichaelYardney]

You're right Andrew. As it happens I have just interviewed Harry Dent for my Podcast and he's even more negative

[@willbell2339]

I strongly disagree with you viewpoint

[@MichaelYardney]

What part do you disagree with?

[@willbell2339]

@@MichaelYardney the lockdowns have created much higher unemployment than the government is willing to reveal. The same for inflation. Wages have been stagnant for years. The property investor has exited the property market. Banks are putting the pressure on people to reduce debt. It all comes down to supply and demand. Demand for realestate is currently high simply because supply is down. This won’t last. Blind Freddy can see it will not take much to tip the market. We are told The lockdowns will continue. More people will loose their jobs and will not be able to pay the mortgage. Many small business has gone belly up. Look at the record number of vacant commercial property up for lease. Landlords cannot find tenants. No one is willing to start a business at this time. The economy is in a disaster zone and significant reductions in real estate values in capital cities on the eastern seaboard will follow owing to the upcoming lack of demand due to business closures, higher unemployment and predicted interest rate rises Michael with all due respect I think your commentary about property prices is way of the mark. You and I can disagree till the cows come home but only time will reveal the truth.

[@MichaelYardney]

It's really interesting that over the 20 years I've had a high public profile. people like you have been so worried about our property market, yet the the median price of well located property just kept going up interrupted by the cyclical downturns - Actually it's been doing that for 200 years

[@willbell2339]

@@MichaelYardney interesting you have not addressed any of my comments. Rather, you are dismissive and beat your chest with your own hype of so called high profile. Your comments intentionally or unintentionally mislead viewers with nonsense that the property market will forever rise without correction. I have been around a long time and have invested numerous times in property. I’ve seen the property market significantly correct a number of times in my lifetime. You may blow your own trumpet regarding your so called high profile but it means nothing when you make misleading comments that the property market has been increasing for the last 200 years. I can only conclude you are ignorant or pushing your own barrow. Just remember that every market will correct if the fundamentals of affordability and other factors are out of whack with market price. Michael it is time to give the game away if you do not understand the simple basics of how a market functions

[@MichaelYardney]

I don't have the time to answer everybody's individual thoughts and opinions on this KZbin channel. I give my thoughts on the market and the cycles in my daily newsletter and in my podcasts. Having invested for almost 50 years now, and some would suggest successfully, and having independently been voted Australia's leading authority on wealth creation through property on multiple occasions, I fully understand the nature of cycles and the risks involved in property and in taking on debt. What I have suggested in my commentary in this video is that people more clever than me, and paid to run our country and our central bank, don't believe we are in for the significant economic shock that Robert K believes is eminent

[@danielhern3000]

Wow you really only concentrate on real-estate. Since 2000 Gold has increased its purchasing power by 27.1% per Annum

[@danielhern3000]

Of course we can buy guns

[@swagrid6748]

Yes the gov will take in migrants who'll bring in tax, and Aussies will have to compete against 5 immigrants for every job interview.

[@MichaelYardney]

If they get it right, they will bring skilled migrants to take on jobs where we don't have locals available

[@alexfrankl7861]

What jobs ? We dont build anything

[@MichaelYardney]

We've got more people employed today than prior to the pandemic and lots of jobs advertised - but they are for skilled workers

[@AlphaGeekgirl]

@@alexfrankl7861 That’s just your opinion. The fact is we do.

[@alexfrankl7861]

@@AlphaGeekgirl Houses , we build Houses .

[@pgale]

What happened to his October mother of all crashes his highline grabber lost all cred

[@MichaelYardney]

Good question!

[@cpptl7903]

He do not have any knowledge of Australian property, no use of this interview absolutely. As he replied round and round.

[@MichaelYardney]

@cpptl7903 Well said 🤓

[@chelleschanel3229]

Robert is way smarter then you mate

[@MichaelYardney]

If I didn't think Robert was smart I wouldn't have invited him to have a chat. That doesn't mean I have to agree with everything he says

[@chelleschanel3229]

@@MichaelYardney yer I just think he has so much knowledge. That needs to be shared i found you through him and I live in Australia. But big ups for you having him on your show . I love how you do question people’s knowledge though.

[@chelleschanel3229]

Yes I find Robert is probably the only man allowed to talk about how corrupt governments and the elites are and still be alive.

[@ConstructionHoney]

Biggest takeaway....you responsible for your own financial future.....

[@emp731]

That is what spruikers say when they are proven wrong..Just like yardney

[@MichaelYardney]

So you disagree? - are you suggesting you are not responsible for your own financial future. If not who is??

[@emp731]

@@MichaelYardney you were the one suggesting to get more debt debt debt,up up up ..Trust the system you said..Everything will be fine you said...No!! you take responsibility for giving false info...I have always stated there is no point being rich when you have lost your country,but oh no you like to call people like me Armageddon people...Because you little smarty pants.

[@MichaelYardney]

I knew this video would be right up your alley. Wait till you hear my podcast with Harry Dent - you'll wet yourself

[@emp731]

@@MichaelYardney The wealthy are only starting to catch up to what the hardworking poor have known for years Mr Yardney.

[@emp731]

Here we have a far more successful person than Michael and even then Michael won't listen.. Really DAFT you don't have a clue Michael

[@MichaelYardney]

Yes - he said what he's buying - GUNs!! really???

[@emp731]

@@MichaelYardney yes ruger and smith @wesson made sound investments on the nasdaq

[@DANIEL-ls5ku]

Answer to the title: Of course, Kiyosaki make his living promoting doom n gloom, if you’ve known him for a very long time there’s nothing new here.

[@happyhappynuts]

Robert Kiyosaki has very clearly lost his mind

[@MichaelYardney]

Yes he is a perpetual doomsayer, isn't he?

[@mpolanetz]

But hasn't it been this way, from the beginning of battering ? You exchange some thing for something else what you might think is of value to you? No different now to back then. Wars have started solely so a king can build up and have more. Nothing new, always been, and goes in circles. Nothing about gloom and doom, just reality . And kiyosaki has his view point on that based on historical data of events. That is All

[@scorp2011hd]

Michael you are so predictable.... you’re just feathering your own nest as usual🙄

[@MichaelYardney]

I'm not exactly sure what you mean, but I'll take it as a compliment. Thank You

[@emp731]

Ezekiel 7:19 They will throw their silver into the streets, and their gold will be treated as a thing unclean. Their silver and gold will not be able to deliver them in the day of the LORD’s wrath. It will not satisfy their hunger or fill their stomachs, for it has caused them to stumble into sin.

[@MichaelYardney]

WOW! I didn't realise you were religious

[@emp731]

@@MichaelYardney Nothing to do with religion.This is a quote from a book.

[@scottyates5758]

@@emp731 if it keeps you warm and feeling safe 🤙🤙 say a prayer 🙏 for me as well.

[@emp731]

@@scottyates5758 if it keeps you warm and feeling safe gets some more DEBT then..While you are at it take on some more debt and get rich..See how that works for ya...Might as well put hot coals in ya bum.

[@willbell2339]

@@emp731 for a bible basher you are so rude and ungodly.

[@CoolGear12]

Robert IS SUCH A SELL OUT!!! SHAME

[@MichaelYardney]

yes it is a shame

[@menteshtumburi1955]

Sounds like Robert likes to use fear and conspiracies to make money from people

[@kieranadams1944]

You seem so far disconnected from the reality and suffering of so many working Australians forced out of their jobs and homes