Retire Like A Millionaire - WAKE UP! Don't Rely On Your Pension - Robert Kiyosaki [Millennial Money]

If you think you can retire through a pension plan you’ve got your head in the sand.
This is why you should rely on yourself and not the government...
Most Americans are now concerned that company pension plans and Social Security will not adequately provide for them in their retirement years. Their concerns are warranted.
According to an article on Barrons.com, “Social Security benefits will start to exceed the program’s costs in 2020, and the program will deplete its $2.9 trillion reserve fund in 2035.
The reserves will run out a little later than the trustees of Social Security and Medicare predicted last year, but the bottom line is still the same. The program’s deficits appear vast, making it clear that the public should expect smaller benefits, higher taxes, or both.”
Over the last 40 years, Congress has approved increasingly beneficial retirement options designed to encourage Americans to save on their own for their golden years. While no Congressman will dare utter the fact that with mind-numbing trillions and trillions of unfunded obligations, Social Security and Medicare are now regarded by many as Ponzi schemes that can never be fixed, Congress has covered itself with retirement legislation. So that twenty years or so from now when the government system inevitably breaks, Congress, the institution, will be able to shake its finger at the American people and point to the IRAs, 401(k)s, Roth IRAs and the like they have created. And the message will be that the benevolent Congress gave the masses a way to save for their own retirement years ago. What will not be addressed is why the government continued to take 15.3% in payroll taxes from workers and businesses for a failed system. But that’s an issue between you and the ballot box.
The point is that to provide for your own retirement, it is prudent, as it is in all facets of life, to rely on yourself and not on the government.
When it comes to planning for the future, some real estate investors use their real estate portfolio to provide for retirement.
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[@TheRichDadChannel]

How will you prepare and protect yourself from this pension crisis?

[@viktorcorvinus6448]

I dont know about a pension is a bad thing only due to mines that grows every 5years. I work for UPS & we contribute NOTHING to our pension.

[@Michael-qy1jz]

Danielle Dimartino just said - Pensions are TOAST!! She just stated this at the New Orleans confrence

[@RobMcCray]

We have to position ourselves to create financial freedom by having various streams of income coming in and making wise investments such as real estate and stock market investing. There are also many online businesses you can invest in and position yourself for wealth. The biggest problem I see with most people when it comes to creating an online business is they don`t have a good marketing strategy to build their businesses and reach their potential customers and that is why I had to develop my marketing skills in order to be able to create a very nice stream of income in any type of business that I decided to get involved with and that is a very powerful position to be in! If you would like to learn some diverse marketing skills to start and build your business, come visit my channel, subscribe and hit the notification button and I will share some very effective strategies with you.

[@RobMcCray]

@@viktorcorvinus6448 The problem is when it`s time for you to collect your pension the money will not be available for you.

[@HarryTradez]

So what do we do if a person been working for a corporation for 20 years that has a pension along with a company 401k plan.

[@Aziz__0]

Planning retirement has never been this confusing! First SVB, then Signature bank and now First republic, these are all the signs of yet another 2008 market crash and recession 2.0, so my question is do I still save in the United States dollar, or could this be a good time to buy stocks? So I’m left wondering what 2023 has in store for us investors, I’ve been sitting on over $745K equity from a home sale and I’m not sure where to go from here,

[@sherryie2]

Everyone needs a different stream of income , unfortunately having a job doesn't mean security due to the high rate of tax , one needs to move ahead their expectation, I would recommend refraining from investing in stocks for now. Instead, it would be prudent to consider retaining a portion of your assets in gold. Alternatively, seeking advice from a financial advisor could provide valuable guidance in this matter.

[@kurttSchuster]

@@sherryie2 true, A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.

[@Mcllwain]

@@kurttSchuster Do you mind sharing info on the adviser who assisted you? been saving for pension since age 18 - company scheme. along the way I hit higher tax, so I added to my company pension with a SIPP (tax benefits) I'm 46 now and would love to grow my finance more aggressively, there are a few cars I still wish to drive, a few mega holidays, etc.

[@kurttSchuster]

@@Mcllwain My advsor is NICOLE DESIREE SIMON, you can easily look her up, she has years of financiaI market experience.

[@Mcllwain]

@@kurttSchuster Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé

[@Ynot-Tony-1]

I'm 50 and just waking up to your information and will do the best that I can with it. I have a daughter to educate before the educational system corrupts her thinking.

[@PassiveIncomeTom]

*Welcome to the party!* 👍

[@krissyrieger]

🙏

[@goldrushpro]

I told my kid to get good grades to learn how to succeed, but to NEVER listen to their "doctrine"

[@mattball7074]

It already will sir, best is to teach her yourself if you can

[@RaistlinKishtar]

Because of Kyosaki I spent the last 20 years investing in real estate and now I don’t worry about this entire video.

[@sararlgarrett]

Same here! Read his book 12 years ago, and it has been life changing for me and my family.

[@yishislassieswaiting4748]

SO easy to watch. LOVE THIS. I'm 66 and with only cash sAvings, living, serving His purposes overseas. DEAR GOD, help me know what to do!!! Thank u guys for helping n I dont feel as alone in it.

[@mikki7522]

The only person that can make you wealthy and free is yourself. People rely too much on other people helping them. That's weakness.

[@leonhenry4861]

Even Bill Gates needed help to get where he is today.

[@wrealmusic]

Robert didn't answer her question

[@jessielagonzalezpargas6554]

I'm a Millenial and I'm also from Puerto Rico. Let me tell you the market here is all over the place and people are even more dependent on the government. No body wants to work and the jobs are not secure. I try to teach people about Mr. Kiyosaki philosophy (that I really got into it while on active duty service, now retired) and they just ignore me. I've learn to laugh it out. As of today I'm 25 and investing in some places and people still laugh, but they always ask how I have a good source of money with out a normal 9-5 job and how I move in this type of economic weather, the key here is Real Estate. After the hurricane Maria everything was on sale and at a very low price. I went in and now progressively moving towards my financial freedom. With that said, thank you to Mr. Kiyosaki for opening my eyes and push me to really re-think my life, and now making it better. Also to Ms. Gonzalez because I feel very motivated watching here, because if she can do it, I can also do it.

[@PassiveIncomeTom]

Keep it up!

[@mrdonato1]

Jessie A Gonzalez Pargas, what is the demand for stucco&stone installation services in Puerto Rico at the moment? That is my cueernt business here in Pennsylvania and I believe I would get grerat tax advantages operating in Puerto Rico ???

[@jessielagonzalezpargas6554]

@@mrdonato1 Hey man! I really don't know much of that market, but feel free to write me an email so I can do that homework here for you, and if its viable for you, I can even get you one of my places for you to start over here and connect with the right people. [e-mail]

[@skibum6422]

$50 bucks a month in Navy pension? Did he retire in the 1800's? I have a pension, it's in great shape as it has been well managed. I would be worried if I was just getting into it today.

[@nedaari1]

Kiyosaki sees further into the future with those glasses.

[@anneyonghaseyo7238]

I wanna i told my teacher car is liabilities he just humiliated me in front of whole class.. but guess what i m not gonna forget what my idol Robert teaches us

[@wvvpag]

hi. sorry i dont quite get why i should buy gold and silver to get an income return or saving? lets say i buy physical silver or gold (dont know where plz tell me) or etc...it shoud be considered as long term investment?

[@JazzymineA]

I remember in Principles in Accounting we were learning about Pensions. I remember thinking “Holy crap this is risky as hell”. But nobody was talking about it.

[@pharmacistasimjunaid7130]

Jazzy so what you learn

[@Israel-Lee]

I love the iPad note visuals! Great addition.

[@MajinMist603]

legit one of the rare millionaire who shares their wisdom and have facts on how things are unstable ........

[@glenhassard280]

Wow, that hurts...considering I'm a Firefighter!!!

[@vladimirpalenik]

Buying silver gold and properties

[@jamesa3482]

I agree basically with everything here except that his is deliberate. I give you now a quote attributed to Napoleon, Emperor of France: "Never attribute to malice that which is adequately explained by incompetence."

[@RealEstateWithRay]

Very great video. Almost to 1M too 👏🏾

[@rhannah3825]

Im no longer in a millenial category, but interested in learning and growing into mellenial $$. Learning how to build this 2nd wave of life into all that I know I can achieve.. How do I get started?

[@ubercoolnamehere]

You can't grow out of a millennial category....you're either born in that time period or not...

[@oceanwonders]

Do you want to be told what to do? Or do you want to learn enough that you can make your own decisions confidently? Start with reading the whole Rich Dad series.

[@whatmikesayvlogsofficial]

The truth wake up us on the reality that occur in our society. I believed to what Robert Kiyosaki saying. Its really happening in other country like ours.

[@michael_viteritti]

Today I went to my insurance and the person started talking about pension / 401k where I live. In my mind I was thinking, the only pension is cash flow from physical assets

[@gavmegs]

Hey could do a talk on the Australian economy pls .🇦🇺

[@bde4l319]

Wish I was listening to you when I was in my 20s,. Thank you sir 🙏🏽🙏🏽🙏🏽

[@PassiveIncomeTom]

*I have been a long time follower of Robert and the Rich Dad brand. So I have income producing real estate and silver in my portfolio.* 👍

[@bhavneetsingh1198]

Hi Robert, I request you to make a video on how collapse of dollar will effect India. I have failed to understand that how India was afloat when everyone was facing trouble during 2008-2009 housing bubble burst

[@texresident7026]

So for those with a fair chunk of money in a 401k and you need to get your money out of it, but you can't quite your job, I guess convert the 401k to a IRA, then close the IRA, pay the penalties (cut your loses), and use what's left to buy precious metals and real estate?

[@priceandpride]

Don't disrespect the elderly. Take care of those in need

[@MajinMist603]

don't disrespect anyone tbh, it just elderly have life lesson that they can warn others about ( now being old does not mean you are smart or super wise because we are all different and some have not grown up in the head but the old do have more experience on things if they are open minded)

[@hosseinerrahmani1258]

thank you, first I will invest in myself to be more valuable, Second in real state like apartment , multi-family house.

[@markjamison9677]

Wow this man is spot on pointing out worthless teachers

[@lubosimaboshe]

Financial education is very powerful!! Am seeing it now.Thanks Robert & Alex

[@Toryboy1807]

I intend to live off my South Sea Company stock and tulips when I retire.

[@karlwagner5901]

I’m a 28 year old career firefighter in TN. I just found out my pension is currently funded at only 41% uh oh. Definitely not counting on my pension, SS, or Medicare to take care of me and my family in retirement. In the meantime, I put aside as much cash, silver and gold as possible. Not sure what else I can be doing as we’ve paid down all of our debt besides our home mortgage...

[@iammaximus614]

Pls do a interview with President DJT & his Economic Team on help & solutions on this Looming projections ⚖️🗽🇺🇸

[@eyoutube1]

I would love Robert Kiyosaki to have a conversation with Andrew Yang.

[@iammaximus614]

E Mok Well, he/RK did seminars with DJT in the 90’s & it was very instructional

[@revendouglas2881]

*I'm 51 years old with no retirement plan yet,any suggestions on accumulating a million dollar portfolio within 12-18 months? I have currently saved a capital of $225k*

[@patriciamaria7952]

Trying to trade bitcoin,I had it's very profiting

[@acemorris9364]

Great info!

[@formulaforwardmotionincorp6943]

OUTSTANDING TEACHING #KIYOSAKIMAFIA 👑

[@harry4823]

Just speechless 😶

[@liankirmag.6060]

Hello Alexandra!! 😍

[@marhenz7374]

I hope this chenal can be a subtitle indonesia 🙏

[@stevengeyer4459]

My generation doesn't even have a leg to stand on, at least in the way we've been taught.

[@fusionsniping3741]

The worst thing is, my parents think school is so important I need to get good grades while there wasting money on a retirement account🙄

[@treycherry1367]

All this talk worries me about my family who is talking about retiring soon. They rely heavily on some of these topics. For me, my current job brags about the 401k/pension plan they have for me. My goal is to begin making more money off rental property/crypto than I do here and eventually leave this job. Being a lineman is dangerous work and not having a secure future worries me.

[@changy0989]

In Australia 401k is called super and my solution to this problem is to manage your own super aka SMSF.

[@tobybrown1179]

CC tsab that’s correct. But I have heard you need 200K plus to start one as has reports etc etc etc. I have a government super fund with 100k parked out of high growth in cash ready to pounce once we have a correction on the stocks

[@changy0989]

@@tobybrown1179 no you don't I started mine with 30k

[@changy0989]

@@tobybrown1179 if you are investing in property yes no one will look at you unless you have minimum of 100k but if you are investing in stocks or crypto I think even 10k if fine if that's all you have.

[@clintwalker5804]

Love yer show.

[@ponderingspirit1475]

I'm 14 and i have 1 Bitcoin so far👌

[@NicoMoreno]

Thanks so much for the awesome video 🔥 This will definitely help me Become Wealthy and Improve my Finances!! Keep it up! 💯💯🙌

[@caballeroix]

Where I can get the Game of Rich Dad?

[@wilhemj.loboguzman1793]

Kiyosaki is a true master

[@konradszczesiuk3345]

Ask Robert about Bitcoin and Blockchain. Some time ago He said that Blockchain will be still here in 2040 neither than USD. Thought that his opinion will be very valuable. Thank You.

[@Nickle314]

How big are Social Securities pension liabilities? How big are the liabiliities for government workers? How big are the assets to pay for them? What's the annual growth rate in the debts?

[@KnightRadier]

I've read the book I am in the course and have set my goals and wrought out my plan. I am putting my team together and am buying silver with every penny I can afford.

[@PassiveIncomeTom]

Nice work and also nice channel name!

[@SuperCatbert]

finally someone is saying this. IMO QE is all about funding these government workers lifestyles. In the US and UK. and the QE is depressiong annuities, so were getting hit twice. everyone needs to wake up and act up.

[@adrianramos5357]

The idea and topic are pretty interesting the only thing I would suggest is if the host speaks from truth and accurate knowledge instead of opinion and sometimes inaccurate statements. I don’t if she is going out of script but she blurs a lot of things without backing it up with any truth. Other than that she and Robert are great for teaching people how to be independent

[@mariewilson6268]

*I'm glad I came across this video, I ask politely ,does anyone know how I can go about growing $50k dollars I have? I am very open to all suggestions and recommendations. God bless*

[@lewisharris5136]

I will suggest you get an analyst who would help plan and channel the money on something positive which in a short term would bring in better returns. Its just a personal opinion.

[@mariewilson6268]

@@lewisharris5136 Thank you for your suggestions. Do you have anyone in mind ? I'm opened to any recommendation.

[@lewisharris5136]

@@mariewilson6268 I was able to build and currently in possession of a portfolio worth *$500k* all thanks to the help I got from *Rodney Hamilton Steve a RIA* . I know there are a whole lot of RIAs out there but I'm glad I chose to work with him ,Hence the good returns

[@mariewilson6268]

@@lewisharris5136 This is great!! I wish to work with such an experienced investment adviser. If you do not mind ,How can I connect with Rodney Hamilton Steve?

[@emersonhoffmann2165]

This is a shocker. I came across Rodney Hamilton Steve couples of weeks ago. I must say he is getting famous seeing another person talking about him. And I feel comfortable too working with him. His approach and explanations are easy to understand , so far I have no reason to regret.

[@angelguevara91]

Mr. Kiyosaki, Do you believe brinks can secure precious metals in case of a recession, depression, collapse, will the precious metals in brinks be secure? And will the individual be able to have a good piece of mind?

[@DeltaEagle7700]

This is one of my driving reasons why I want to be wealthy--so I do not have to rely on a pension or government benefits (especially for retirement).

[@markettradinggenius]

I've read ALL of Roberts books. I'm from the island of Oahu and decided to 'dump' hawaii, due to it's over-regulations, high taxes, and ever increasing government involvement in the housing market. I'm now in Virginia which is a much better state, moderate year round temperatures where I can at least ride my Ducati Panigale V4 R motorcycle 11 months out of the year, cheaper taxes and way cheaper overall cost of living(for example, gas price yesterday was $2.15; which I can assure you, you won't get in Hawaii and for damn sure not in California). Now, I trade the financial markets and I can tell you that when I make $6,000 in a day or $20,000 in a day, I don't have to worry about money, in this lifetime, because I know that I'm financially smart enough to not only make returns, the way I do, but I do it for less than 3 hours per day, Monday-Friday !!! A self education is the best education....

[@mrdonato1]

I'm close to virgina and ride motorcycles also, I have a 2015 Kawasaki H2 amoung others, care to meet and teach me forex ?

[@mikebarron8702]

When is it too late to start this?

[@carloseduardonaranjosuarez5917]

Thank you R&K, I love you both, you are my mastermind

[@senthilkumarn4u]

Great..

[@omar0bin0thabit]

Gold Silver and relestate are clear but what about food ?? Do you mean farming ?

[@at_it_again12bbq21]

probably storeable food

[@omar0bin0thabit]

@@at_it_again12bbq21 then I would want to know how it can be an investment

[@78.BANDIT]

FREEDOM is being able to take care of yourself. FREEDOM of speech, movement, thought. When someone takes care of you. They have control of you. There for you have no freedom. No free thought pr movement.

[@lagneuk702]

Never trust government...that is how you remain Free

[@sonny12681]

401Ks and 403Bs are junk. The stock market is not for retiring on but to play on. The only time that a person should think about investing in the stock market is when they have extra money to play with and buy shares so that they can build up their dividends.

[@sonny12681]

@Aidan Zephan Akakino 'o ka Lani Tsukiyama I always buy more shares with my dividends

[@sonny12681]

@Aidan Zephan Akakino 'o ka Lani Tsukiyama Me to. I want to build up my brokerage account to the point that I can use that as retirement income. I'm a custodian who works for a public school on Long island NY and I'm a tier 4 in the NY state retirement system so I want to use my brokerage account as an extra source of income. I can retire at 55 anyway with 32 years of service which is rare for a state employee in today's world.

[@RobMcCray]

@@sonny12681 Nice!

[@nadineahlers2164]

Robert and Aleksandra, thank you for continuing to do this, despite the unnecessary and negative comments. I'm learning so much and sharing this with others who WANT to learn. Thank you again!!!

[@firearmsstudent]

I feel sorry for her father, today's Navy retirement can be $4k/month, but they deleted the high three defined benefit system for new recruits, now it is a hybrid defined benefit/401k system.

[@PassiveIncomeTom]

Yes, I'm glad I got my Army pension before they made this switch.

[@rokyericksonroks]

When did they phase out the old military retirement system?

[@firearmsstudent]

@@rokyericksonroks All new recruits with ADSDs after 31 Dec 17 are under the blended retirement system (BRS). People who came in before then had until a year later, 31 Dec 2018, to decide if they wanted to switch by going into DFAS MyPay and selecting a very easily confused button on their LES which was an irrevocable decision; otherwise, you are grandfathered into the old system. There were quite a few people who were duped into pressing that button and now they are screwed out of a good portion of their retirement short of the SECDEF waivering it. I avoided DFAS Mypay like the plague last year.

[@skylergabriel5948]

I would purchase assets tangible like property to rent and intangible assets like stocks and passive income from copyrighted materials that I own.

[@RobMcCray]

That`s something you definitely should pursue.

[@skylergabriel5948]

@@RobMcCray Thank you and I will

[@kevjones3958]

What type of property you would by

[@skylergabriel5948]

@@kevjones3958 2 bedroom and one bath homes and than work my way up.

[@kevjones3958]

I knew you would say that,that is the worst investment ,ask robert what is go to investment ,he always say real estate but never what type he invest in , you'll get the correct answer if you can ask him sfr investment is loser.

[@cityparkproperties7001]

I have a pension thank God! And it’s not a fake one, 401K. That said, I continue to invest in income producing assets and will continue to do so.

[@MD36963]

Unions are desprate for aprentice so they can contribute to the pension fund then do their best to push them out or buy them out early so they can fill the coffers it all makes sense now

[@af4265]

Scary stuff

[@RobMcCray]

Yes but it is a reality!

[@RaistlinKishtar]

Money is power over things, people or yourself. Things is materialism. People is tyranny. Yourself is freedom. I chose wealth for power over myself for my own personal freedom.

[@kianathompson1271]

Where is the best place to buy gold and silver? How do I even find a reliable source for it?

[@369truth]

I'm not living in the US but just a hint; look for the Maple Leaf as silver Oz. coins or gold Oz. coins. Make sure the they are 999.9 fine gold or silver.

[@mrdonato1]

SD bullion, or gold silver .com

[@tonymosley6951]

kitco.com, apmex.com

[@OlleVanDenBoom]

I am going to protect myself from this pension crisis by investing in timber stands.

[@Christian-ws3xs]

Could a 401k be useful if your employer contributes to that and then take it out to invest in the short term?

[@jenniferserna6142]

When you withdraw early from a 401k you get state and federal taxes taken out of you distribution, plus administrative fees. At the end of the year you get a 1099 and are taxed again as the distribution counts as part of your income. You may want use money from a different source to start investing.

[@BReal-qj2vo]

When you are rich and wear those glasses you look like you know something that other people don't know.

[@myyoutubeaccount4282]

Like knowing they don't match anything you wear :-)

[@TechOutAdam]

When I was 18 I first read Retire Young, Retire Rich before any other book by Robert. It woke me up to the concept of retiring early at all. Thank you so much for that book Robert. It changed my life forever. While everyone else is worried about retirement, I've been taking responsibility for it ever since I read that book.

[@matthewcain2880]

Adam Macias very interested in what steps you’ve been taking to retire early :)

[@CryptoWealthyChannel]

Gold

[@rudolfschmidt7044]

How do you make infinity return with gold and silver, make no sense to me? Do you go to a bank, ask for a loan and give gold and silver as security?

[@GlassICE]

Daily Notes: - 70% of the funds are going to entitlements - Printed money avoidied the market crash in 2016 - There are 2 types of Pensions: • Defined Pensions which is a paycheck for life which was a cause of the crash when combined with debt - The taxed money going to the stock market which is one reason that stocks are going higher - Stocks going down = Double Pensions and Pensions = FAKE Assets - Silver and Gold are the real asset, Real Estate Investments with enough knowledge is a real asset

[@GlassICE]

@Joshua Mills just buy gold coins i don t know any trusted websites

[@GlassICE]

@Joshua Mills it's not for making cash it's for saving instead of saving for Pensions Gold will go up year after year by itself You don t have to cash in all ur funds into gold, it can be a Partial saving, 3 Once per 1 year for example

[@tonymosley6951]

@Joshua Mills kitco.com, apmex.com

[@stevenpearce1031]

Hey Robert what would it take to get you as a mentor? I'm smart and always focus on a solution! I have more passion than anyone I know. I already have two bad ass mentors who are growing me by leaps and bounds. But they are not rich. I want to be stupid rich and a real player not a pawn. I'm struggling finding the right people in south Dakota. Can we make a deal? I know I can make you more money with a little guidance.

[@starguy2718]

I don't understand the concept: if you're rich, why would you want to "retire"? If money is not an issue, for you, and you loved what you were doing (and were good at it!) why would you ever want to stop doing it?

[@Howtocryptolol]

Silver for the win!

[@bunnywhowho4297]

this is laughable, if you bought silver 10 years ago you would have lost money. Even long term 30 years ago prices were $11.64. so you make less than 9 bucks per oz also depending when you bought and when you sold....metals are a scam and dont hold much value

[@wrealmusic]

What are the "solutions"?

[@vertebral]

i guess buying something that's tangible (real estate), so even if they print money again your asset will be worth more

[@ernestfung1140]

Get more educated. Go on seeking, and you will find.

[@officialnikkiswisher]

She's adorable. Love this... millennials need this education more than anyone.

[@nicholas4687]

Buy gold silver and bitcoin!

[@iamOAKland]

Bitcoin NO!!!

[@nicholas4687]

Joshua Mills I use JM bullion and eBay mostly. You can also check your local pawn shops and there are other good sites.

[@nicholas4687]

Joshua Mills if you need to sell your bullion you find a private buyer “eBay” pawn shops or the site you buy it from probably buys silver and gold too. I hold a lot of silver a little gold but for me it’s a long term investment if everything goes to plan I will never sell mine and pass it down to my kids. What I do instead is when the gold/silver ratio is good I trade my silver for gold. Gold and silver are also legal tender is some states and if the dollar ever crashes you will be happy you have gold and silver because it will be the only real money which is the way I view it anyways.if gold is worth 250 us dollars you know the US dollar is strong if gold all of sudden is worth 10000 us dollars then You know the US dollar isn’t worth shit and there would be no point of trading it unless for other goods and services. But really don’t take financial advice from me do your own research create a diverse portfolio for your retirement and you should be a wealthy man someday!

[@nicholas4687]

Joshua Mills no problem! Good luck and god bless!

[@vasupallibhulokarao2327]

I want subtitles from India

[@MrJerry8159]

34 years as a letter carrier retired for 5 years. SILVER!

[@miguels703]

Did you buy physical silver or digital silver ?

[@MrJerry8159]

@@miguels703 I've studied silver and details around it for 3 years. EVERY real expert says to ONLY buy physical silver. When the dollar crashes, the expression is "if you don't hold it, you don't own it." Everyone will want silver just like in Venesuela in 2012 when the Bolivar crashed, silver went up 22,000% overnight! Even now, one ounce of silver will buy 5 months of groceries for one person. Silver is you best bet bar none. Finally ALL digital silver or paper contracts supposedly representing silver will evaporate and be worth nothing. There are 400+ paper contracts representing an ounce of silver for every actual real ounce of silver. That means there will be 399 very unhappy people and one happy guy with the silver. Get it now. Hope this helps.

[@miguels703]

It helped, thank you.

[@MrJerry8159]

@@miguels703 welcome!

[@chasethebank3486]

I’m going to be a billionaire ♾

[@tickedoffsheikh8587]

If Robert is criticizing accounting taught in colleges then what is his alternative, despite he talks about income/expense and other accounting concepts. Can he write the ultimate accounting book for us to learn all over? Don't get me wrong I believe his principles are great and really would like to practice his preaching. But I would like for him to do an accounting 101 video.

[@rhenanichan]

I plan to create business and invest in assets that will produce cash flow, like Real Estate!

[@alexp3752]

You would be best to invest what you do have in precious metal assets and essential goods that are portable. Should currencies collapse, governments can quickly topple. In a crisis, liquidity and portability are paramount, and real estate isn't liquid!

[@rhenanichan]

@@alexp3752 Roger that

[@dawnp1569]

Don't tell that to the employees of the city of new york.

[@groupbuyseotools]

Wow

[@jk4794]

Solution: buy bitcoin and gold! :)

[@ryandixon1102]

j K bitcoin is as fiat as the dollar. The only difference is it’s only subject to manipulation, Not manipulation and inflation.

[@wasabininja3494]

@@ryandixon1102 No, your lack of educational understanding of what Bitcoin is, is why you think it is like fiat. Bitcoin follows natural law just like Gold follows natural law. It takes energy to create both. Money is nothing more than a tool. Gold, Silver and Bitcoin are a method of that tool but follow the principle. Methods are ever changing while principles are not. Your mind is like a parachute and works when it is open.

[@Gladiater]

better buy bitcoin cash. its ridiculous cheap and its basically the nr 1 crypto for real use case. low fees and adoption growing fast. price can't stay behind adoption forever. be smart

[@rocketleagueclips7024]

Silver*

[@wasabininja3494]

@Articuno "Before Gold was money". You apparently do not understand what money is. Before money was BARTER. Money is a tool, nothing more. It is an immutable measurement of account. Before Gold was seashells, rai stones, silk, spices, trade beads etc... All different METHODS of money used at one time throughout history. Gold is another method of money. Bitcoin is a newer METHOD of money. All methods follow the same principle of money. Methods are ever changing while principles are not. Both Gold and Bitcoin follow the same principle of money yet are different METHODS at achieving that principle. Your eyes cannot see what your mind does not know. You're also trying to compare a different version of Bitcoin as if it's the same as the original Bitcoin protocol? Try to send Bitcoin to a Bitcoin address and see if it works. Let me know how that works out for you. Different networks no matter how many different versions of Bitcoin there are. They are not the same and they do not work with each other. That's not inflation, sorry. That's your lack of understanding how the Bitcoin protocol works. BTC is a software protocol that follows the principle of money. It is a protocol similar to the internet protocol. It is a decentralized, censorship resistant, borderless, open-source protocol. What is keeping Bitcoin #1 and will continue to be #1? The same reason why the internet protocol is still the #1 internet protocol to this date even though created in the 80s. It is a solution to a problem that was solved. That problem was the Byzantine General's problem. Go learn what that is. Also it is a software protocol and software can be easily upgraded. The Bitcoin protocol allows the ability to transfer and store value (energy) over the internet with no third party intervener, no one central point of control, censorship resistant and yet you say it has no value? If you cannot see how valuable that is, then that is your own lack of understanding and your own ignorances. Try to send Gold as an online payment. See how much of a hassle that is. Gold is mined once, just as Bitcoin is mined once. The energy used after a Bitcoin is found is the energy it takes to verify the transactions when sending Bitcoin and secure the network from attackers. 1 Bitcoin equals 1 Bitcoin and that will never change. 1 ounce of Gold equals 1 ounce of Gold and that will never change. It is why both are immutable. No one can print more of either. It takes a lot of ENERGY to find Gold, extract it and put it into whatever form needed making it an "Economic drain", as you put it. Gold holds it's value (energy) because it is perceived scarcity and the energy it takes to find it is very costly. If it is not costly, then try to go find, extract some gold and put it into whatever form necessary. See how costly that is. That's why Gold stores its value. Bitcoin stores value just as Gold stores value. The only difference is the value is now digital and the protocol allows the ability to transfer that energy over the web. Gold does not. Both Bitcoin and Gold are identical in principle but are different methods of that principle. It is why they go hand in hand. One happens to be tangible while the other is intangible. However, one is more scarce than the other making it an even harder and more sound form (method) of money. I'll let you figure out which one it is.

[@jhinp0t]

The funniest thing about a pension here in my country is that we will get in when we are 60's wtf what if you needed the money in your 40's since theres a age discrimination here and at 40 yrs old u no longer needed by the company.

[@mariooliveira9074]

What country?

[@MgtowRubicon]

A trillion here and a trillion there, and soon you're talking about -real- fake money.

[@rokyericksonroks]

Well played, man. A little bit dark and gloomy, but well played.

[@maxlewis2011]

Question: the young host doesn't have a 401k or social security.....what retirement benefits does she have or does she plan to retire?

[@williamjohnson5877]

Pension, SS & 401k I have a pension that if I retire in 2 years, will pay me $6400 per month, social security will pay me another $2000 per month, and 401K $3000 per month. You have me sweating 😅 🧱’s

[@joannapiphus845]

We need an update 👀 have you retired?

[@ME-de3de]

I loved this but it’s a misconception about Robin Hood. He didn’t rob from rich and give to poor. He redistributed illegally seized taxes back to the people. Stories for example can become an incredible asset for one looking to inspire.

[@Outta12]

Robert puts it out there!!

[@farmerdude3578]

I know something way better then any way to make sound money. Learn to eat foods that make your body healthy to where you never need a Doctor ever. Then learn to grow them foods. Then how to store them and prepare them.