How will you prepare and protect yourself from this pension crisis?
@viktorcorvinus64485 жыл бұрын
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-qy1jz5 жыл бұрын
Danielle Dimartino just said - Pensions are TOAST!! She just stated this at the New Orleans confrence
@RobMcCray5 жыл бұрын
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.
@RobMcCray5 жыл бұрын
@@viktorcorvinus6448 The problem is when it`s time for you to collect your pension the money will not be available for you.
@HarryTradez5 жыл бұрын
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 Жыл бұрын
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,
@devereauxjnr Жыл бұрын
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.
@2024Red-j5t Жыл бұрын
@@devereauxjnr 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.
@Petroguest-i4g Жыл бұрын
@@2024Red-j5t 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.
@2024Red-j5t Жыл бұрын
@@Petroguest-i4g My advsor is NICOLE DESIREE SIMON, you can easily look her up, she has years of financiaI market experience.
@Petroguest-i4g Жыл бұрын
@@2024Red-j5t 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
@mikki75225 жыл бұрын
The only person that can make you wealthy and free is yourself. People rely too much on other people helping them. That's weakness.
@leonhenry48615 жыл бұрын
Even Bill Gates needed help to get where he is today.
@RaistlinKishtar3 жыл бұрын
Because of Kyosaki I spent the last 20 years investing in real estate and now I don’t worry about this entire video.
@sararlgarrett3 жыл бұрын
Same here! Read his book 12 years ago, and it has been life changing for me and my family.
@yishislassieswaiting47485 жыл бұрын
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.
@georgestone0123 Жыл бұрын
*_I just turned 60, was planning to Retire Soon? B🔥🔥M the Economy Crashes into Recession and High Inflation ! I guess I will keep working another yr or 2?.._*
@tahirisaid2693 Жыл бұрын
Working another 2yr is the not the problem. the problem is will you still retire well after that? I think the wisest thing that should be on every wise individual's list is to invest in different stream of income; I am earning more this year because I have been investing while working at the same time. I invested through *ROCHELLE DUNGCA-SCHREIBER,* same woman that an anchor kept mentioning on CNBC, and made multiple of my start up capital within three months . She lives here in the USA and she is licensed...
@georgestone0123 Жыл бұрын
Thanks for the advice. I found her page already. and left her a msg. It won't be a bad Idea to be investing while working. So that economy crashing doesn't affect our retirement..
@ibrahimaisaadan Жыл бұрын
I'm close to 60 and have worked in construction since 15 years old. I'm ready to retire. Every part of my body aches. Been getting up at 5 am since I was 15. It will be nice to get up when I want. No pension just savings to live on. Heard too much counsel about ROCHELLE DUNGCA-SCHREIBER. Hearing you mention her name again, this is the best time to work with her. Thanks..
@wrealmusic5 жыл бұрын
Robert didn't answer her question
@vladimirpalenik5 жыл бұрын
Buying silver gold and properties
@jamesa34822 жыл бұрын
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."
@nedaari14 жыл бұрын
Kiyosaki sees further into the future with those glasses.
@Ynot-Tony-15 жыл бұрын
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.
@PassiveIncomeTom5 жыл бұрын
*Welcome to the party!* 👍
@krissyrieger5 жыл бұрын
🙏
@goldrushpro5 жыл бұрын
I told my kid to get good grades to learn how to succeed, but to NEVER listen to their "doctrine"
@mattball70744 жыл бұрын
It already will sir, best is to teach her yourself if you can
@wilhemj.loboguzman17935 жыл бұрын
Kiyosaki is a true master
@MajinMist6035 жыл бұрын
legit one of the rare millionaire who shares their wisdom and have facts on how things are unstable ........
@priceandpride5 жыл бұрын
Don't disrespect the elderly. Take care of those in need
@MajinMist6035 жыл бұрын
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)
@bjarman1254 ай бұрын
I bet you don't give shit to any elderly person....
@alrohanaumi805 ай бұрын
Wow amazing information 👍
@jessielagonzalezpargas65545 жыл бұрын
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.
@PassiveIncomeTom5 жыл бұрын
Keep it up!
@mrdonato15 жыл бұрын
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 ???
@jessielagonzalezpargas65545 жыл бұрын
@@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. jessiel.gonzales@upr.edu
@skibum64225 жыл бұрын
$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.
@anneyonghaseyo72382 жыл бұрын
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
@ponderingspirit14754 жыл бұрын
I'm 14 and i have 1 Bitcoin so far👌
@eyoutube15 жыл бұрын
I would love Robert Kiyosaki to have a conversation with Andrew Yang.
@iammaximus6145 жыл бұрын
E Mok Well, he/RK did seminars with DJT in the 90’s & it was very instructional
@whatmikesayvlogsofficial5 жыл бұрын
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.
@texresident70265 жыл бұрын
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?
@glenhassard2805 жыл бұрын
Wow, that hurts...considering I'm a Firefighter!!!
@markjamison96775 жыл бұрын
Wow this man is spot on pointing out worthless teachers
@stevengeyer44592 жыл бұрын
My generation doesn't even have a leg to stand on, at least in the way we've been taught.
@rhannah38255 жыл бұрын
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?
@ubercoolnamehere5 жыл бұрын
You can't grow out of a millennial category....you're either born in that time period or not...
@oceanwonders5 жыл бұрын
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.
@PassiveIncomeTom5 жыл бұрын
*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.* 👍
@Toryboy18075 жыл бұрын
I intend to live off my South Sea Company stock and tulips when I retire.
@fusionsniping37415 жыл бұрын
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🙄
@karlwagner59014 жыл бұрын
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...
@iammaximus6145 жыл бұрын
Pls do a interview with President DJT & his Economic Team on help & solutions on this Looming projections ⚖️🗽🇺🇸
@RaistlinKishtar3 жыл бұрын
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.
@hosseinerrahmani12584 жыл бұрын
thank you, first I will invest in myself to be more valuable, Second in real state like apartment , multi-family house.
@wvvpag3 жыл бұрын
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?
@JazzymineA5 жыл бұрын
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.
@pharmacistasimjunaid71305 жыл бұрын
Jazzy so what you learn
@mariewilson62682 жыл бұрын
*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*
@lewisharris51362 жыл бұрын
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.
@mariewilson62682 жыл бұрын
@@lewisharris5136 Thank you for your suggestions. Do you have anyone in mind ? I'm opened to any recommendation.
@lewisharris51362 жыл бұрын
@@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
@mariewilson62682 жыл бұрын
@@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?
@lucasferari45152 жыл бұрын
The economy and market prices keeps increasing and worstening . This is no more a matter of choice but a must to invest and diversify your income. Salaries alone can't meet up with man's wants as it is insatiable. Try to keep friends who would contribute positively to your finances. Lastly be thrifty in spending , spend your money on things that is important and add values to your life.
@sonny126815 жыл бұрын
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.
@sonny126815 жыл бұрын
@Aidan Zephan Akakino 'o ka Lani Tsukiyama I always buy more shares with my dividends
@sonny126815 жыл бұрын
@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.
@RobMcCray5 жыл бұрын
@@sonny12681 Nice!
@changy09895 жыл бұрын
In Australia 401k is called super and my solution to this problem is to manage your own super aka SMSF.
@tobybrown11795 жыл бұрын
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
@changy09895 жыл бұрын
@@tobybrown1179 no you don't I started mine with 30k
@changy09895 жыл бұрын
@@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.
@officialnikkiswisher2 жыл бұрын
She's adorable. Love this... millennials need this education more than anyone.
@markettradinggenius5 жыл бұрын
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....
@mrdonato15 жыл бұрын
I'm close to virgina and ride motorcycles also, I have a 2015 Kawasaki H2 amoung others, care to meet and teach me forex ?
@78.BANDIT5 жыл бұрын
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.
@lagneuk7024 жыл бұрын
Never trust government...that is how you remain Free
@harry48235 жыл бұрын
Just speechless 😶
@bde4l3195 жыл бұрын
Wish I was listening to you when I was in my 20s,. Thank you sir 🙏🏽🙏🏽🙏🏽
@Nickle314 Жыл бұрын
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?
@GlassICE5 жыл бұрын
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
@GlassICE5 жыл бұрын
@Joshua Mills just buy gold coins i don t know any trusted websites
@GlassICE5 жыл бұрын
@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
@tonymosley69515 жыл бұрын
@Joshua Mills kitco.com, apmex.com
@nicholas46875 жыл бұрын
Buy gold silver and bitcoin!
@iamOAKland5 жыл бұрын
Bitcoin NO!!!
@nicholas46875 жыл бұрын
Joshua Mills I use JM bullion and eBay mostly. You can also check your local pawn shops and there are other good sites.
@nicholas46875 жыл бұрын
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!
@nicholas46875 жыл бұрын
Joshua Mills no problem! Good luck and god bless!
@cityparkproperties70015 жыл бұрын
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.
@MD369633 жыл бұрын
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
@SuperCatbert5 жыл бұрын
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.
@treycherry13673 жыл бұрын
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.
@adrianramos53575 жыл бұрын
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
@omar0bin0thabit5 жыл бұрын
Gold Silver and relestate are clear but what about food ?? Do you mean farming ?
@at_it_again12bbq215 жыл бұрын
probably storeable food
@omar0bin0thabit5 жыл бұрын
@@at_it_again12bbq21 then I would want to know how it can be an investment
@revendouglas28813 жыл бұрын
*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*
@patriciamaria79523 жыл бұрын
Trying to trade bitcoin,I had it's very profiting
@marhenz73745 жыл бұрын
I hope this chenal can be a subtitle indonesia 🙏
@kianathompson12715 жыл бұрын
Where is the best place to buy gold and silver? How do I even find a reliable source for it?
@369truth5 жыл бұрын
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.
@mrdonato15 жыл бұрын
SD bullion, or gold silver .com
@tonymosley69515 жыл бұрын
kitco.com, apmex.com
@firearmsstudent5 жыл бұрын
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.
@PassiveIncomeTom5 жыл бұрын
Yes, I'm glad I got my Army pension before they made this switch.
@rokyericksonroks5 жыл бұрын
When did they phase out the old military retirement system?
@firearmsstudent5 жыл бұрын
@@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.
@chasethebank34865 жыл бұрын
I’m going to be a billionaire ♾
@BReal-qj2vo5 жыл бұрын
When you are rich and wear those glasses you look like you know something that other people don't know.
@myyoutubeaccount42825 жыл бұрын
Like knowing they don't match anything you wear :-)
@bhavneetsingh11985 жыл бұрын
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
@Israel-Lee5 жыл бұрын
I love the iPad note visuals! Great addition.
@af42655 жыл бұрын
Scary stuff
@RobMcCray5 жыл бұрын
Yes but it is a reality!
@jk47945 жыл бұрын
Solution: buy bitcoin and gold! :)
@ryandixon11025 жыл бұрын
j K bitcoin is as fiat as the dollar. The only difference is it’s only subject to manipulation, Not manipulation and inflation.
@wasabininja34945 жыл бұрын
@@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.
@Gladiater5 жыл бұрын
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
@rocketleagueclips70245 жыл бұрын
Silver*
@wasabininja34945 жыл бұрын
@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.
@OlleVanDenBoom5 жыл бұрын
I am going to protect myself from this pension crisis by investing in timber stands.
@lubosimaboshe5 жыл бұрын
Financial education is very powerful!! Am seeing it now.Thanks Robert & Alex
@kvnnsi2 жыл бұрын
Gold
@skylergabriel59485 жыл бұрын
I would purchase assets tangible like property to rent and intangible assets like stocks and passive income from copyrighted materials that I own.
@RobMcCray5 жыл бұрын
That`s something you definitely should pursue.
@skylergabriel59485 жыл бұрын
@@RobMcCray Thank you and I will
@kevjones39585 жыл бұрын
What type of property you would by
@skylergabriel59485 жыл бұрын
@@kevjones3958 2 bedroom and one bath homes and than work my way up.
@kevjones39585 жыл бұрын
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.
@angelguevara915 жыл бұрын
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?
@starguy27182 жыл бұрын
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?
@formulaforwardmotionincorp69435 жыл бұрын
OUTSTANDING TEACHING #KIYOSAKIMAFIA 👑
@DeltaEagle77005 жыл бұрын
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).
@konradszczesiuk33455 жыл бұрын
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.
@MgtowRubicon5 жыл бұрын
A trillion here and a trillion there, and soon you're talking about -real- fake money.
@rokyericksonroks5 жыл бұрын
Well played, man. A little bit dark and gloomy, but well played.
@carloseduardonaranjosuarez59172 жыл бұрын
Thank you R&K, I love you both, you are my mastermind
@KnightRadier5 жыл бұрын
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.
@PassiveIncomeTom5 жыл бұрын
Nice work and also nice channel name!
@farmerdude35785 жыл бұрын
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.
@michael_viteritti5 жыл бұрын
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
@Christian-ws3xs4 жыл бұрын
Could a 401k be useful if your employer contributes to that and then take it out to invest in the short term?
@jenniferserna61424 жыл бұрын
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.
@ME-de3de3 жыл бұрын
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.
@chasethebank34865 жыл бұрын
I am a Multi millionaire now ♾🎊🙌
@rhenanichan5 жыл бұрын
I plan to create business and invest in assets that will produce cash flow, like Real Estate!
@alexp37525 жыл бұрын
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!
@rhenanichan5 жыл бұрын
@@alexp3752 Roger that
@mikebarron87025 жыл бұрын
When is it too late to start this?
@MrJerry81594 жыл бұрын
34 years as a letter carrier retired for 5 years. SILVER!
@miguels7033 жыл бұрын
Did you buy physical silver or digital silver ?
@MrJerry81593 жыл бұрын
@@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.
@miguels7033 жыл бұрын
It helped, thank you.
@MrJerry81593 жыл бұрын
@@miguels703 welcome!
@acemorris93645 жыл бұрын
Great info!
@bodhranlowd5 жыл бұрын
Thre is a problem, yes. What is the solution? "Buy my books".
@bodhranlowd5 жыл бұрын
Aidan Zephan Akakino 'o ka Lani Tsukiyama please say it, I promise it won’t be in one ear and out the other. In fact I will plaster it all over KZbin and social media.
@bodhranlowd5 жыл бұрын
Aidan Zephan Akakino 'o ka Lani Tsukiyama whatever secret it is that would go in one ear and out the other unless we buy the book. Out of all his multiple video series and talk shows, they are full of jesting, folly of others and super high level vagueness, I have yet to hear a substantive actionable specific investment vehicle. If someone is as clueless and as naive as implied, they’re probably lacking some fundamentals. As least someone like Dave Ramsey doesn’t beat around the bush.
@bodhranlowd5 жыл бұрын
Aidan Zephan Akakino 'o ka Lani Tsukiyama Just simply finish the video by stating an actual specific executable vehicle for folks to apply as pension alternative. Instead of foul language shilling.
@bodhranlowd5 жыл бұрын
Aidan Zephan Akakino 'o ka Lani Tsukiyama The question is as specific as it gets. If you cannot answer on behalf of who you started to defend, there is no point in wasting your time.
@bodhranlowd5 жыл бұрын
Aidan Zephan Akakino 'o ka Lani Tsukiyama Good, at least we agreed that you cannot answer the question.
@RealEstateWithRay5 жыл бұрын
Very great video. Almost to 1M too 👏🏾
@Howtocryptolol5 жыл бұрын
Silver for the win!
@bunnywhowho42975 жыл бұрын
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
@wrealmusic5 жыл бұрын
What are the "solutions"?
@vertebral5 жыл бұрын
i guess buying something that's tangible (real estate), so even if they print money again your asset will be worth more
@ernestfung11405 жыл бұрын
Get more educated. Go on seeking, and you will find.
@caballeroix5 жыл бұрын
Where I can get the Game of Rich Dad?
@nadineahlers21643 жыл бұрын
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!!!
@louisnguyen28655 жыл бұрын
Maybe the 2 people in this video are smarter than those others who are running for president?
@dawnp15694 жыл бұрын
Don't tell that to the employees of the city of new york.
@gavmegs5 жыл бұрын
Hey could do a talk on the Australian economy pls .🇦🇺
@Shubham-ph2ww5 жыл бұрын
I plan to have enough resources, no need of pensions.
@liankirmag.60605 жыл бұрын
Hello Alexandra!! 😍
@clintwalker58045 жыл бұрын
Love yer show.
@senthilkumarn4u5 жыл бұрын
Great..
@jg25542 жыл бұрын
my aunt had the audacity to talk to me to get pension. me. the first generation to be born in america. had to leave the place quickly, i know she loves me and is trying to look out for me, but i will not be implemented with that limited mindset. im a entrepreneur
@rudolfschmidt70445 жыл бұрын
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?
@TechOutAdam5 жыл бұрын
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.
@matthewcain28805 жыл бұрын
Adam Macias very interested in what steps you’ve been taking to retire early :)
@groupbuyseotools Жыл бұрын
Wow
@maxlewis20114 жыл бұрын
Question: the young host doesn't have a 401k or social security.....what retirement benefits does she have or does she plan to retire?