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Watch > Episode > Robert Kiyosaki - How To Survive The Coronavirus Recession

Robert Kiyosaki - How To Survive The Coronavirus Recession

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Preparing For A COVID-19 Market Crash

Robert Kiyosaki is the entrepreneur, educator, and investor, best known as the author of Rich Dad Poor Dad the #1 personal finance book of all time.

Right now the world is gripped by the COVID-19 pandemic and in global lockdown, with over 1 billion people confined to their homes, in order to stop spreading the coronavirus. Economic and personal anxiety and panic is running high.

Robert has challenged the way tens of millions of people around the world think about money. And he has become a passionate and outspoken advocate for financial education.

For years Robert has warned about the next crash and with global recession all but certain his insight on how individuals can protect themselves is more crucial now than ever before.

Robert Kiyosaki is the entrepreneur, educator, and investor, best known as the author of Rich Dad Poor Dad the #1 personal finance book of all time.

Right now the world is gripped by the Covid-19 pandemic and in global lockdown, with over 1 billion people confined to their homes, in order to stop spreading the coronavirus. Economic and personal anxiety and panic is running high.

Robert has challenged the way tens of millions of people around the world think about money. And he has become a passionate and outspoken advocate for financial education.

For years Robert has warned about the next crash and with global recession all but certain his insight on how individuals can protect themselves is more crucial now than ever before.

Born on April 8, 1947, in Hilo, Hawaii, Robert Toru Kiyosaki grew up in a family that valued education and hard work. His formative years were shaped by two influential figures; his biological father (referred to as “Poor Dad”) and the father of his best friend (referred to as “Rich Dad”). These two contrasting perspectives on money and success laid the foundation for Kiyosaki’s financial philosophy.

Robert Kiyosaki’s breakthrough came with the publication of “Rich Dad Poor Dad” in 1997. The book, which has since become a personal finance classic, challenges conventional wisdom about money and offers a fresh perspective on wealth-building. Kiyosaki contrasts the financial philosophies of his two “dads,” highlighting the importance of financial education, investing, and entrepreneurship in achieving financial success.

The core principles outlined in “Rich Dad Poor Dad” include the significance of assets over liabilities, the value of passive income, and the power of making money work for you rather than working for money. These principles resonated with a broad audience and sparked a movement of financial literacy and empowerment.

Robert Kiyosaki’s commitment to financial education extends beyond his bestselling book. Recognising the lack of formal financial education in traditional schooling, Kiyosaki founded the Rich Dad Company to provide resources and tools for individuals seeking to improve their financial IQ. The company offers books, games, workshops, and online courses designed to empower people with practical financial knowledge.

Kiyosaki’s teachings emphasise the importance of financial independence and entrepreneurship. He encourages individuals to take control of their financial destinies by learning about money, investing wisely, and adopting an entrepreneurial mindset. Kiyosaki’s accessible and straightforward approach has made financial education more approachable for a diverse audience.

In addition to his emphasis on financial education, Robert Kiyosaki is known for his unique approach to investing. He advocates for investments that generate passive income, such as real estate and businesses. Kiyosaki believes in building assets that put money in your pocket, rather than relying solely on earned income.

Real estate investment, in particular, is a cornerstone of Kiyosaki’s wealth-building strategy. He encourages individuals to leverage debt intelligently, invest in income-generating properties, and understand the tax advantages of real estate. These principles have resonated with many aspiring investors seeking to create sustainable wealth.

Robert Kiyosaki’s impact on the field of personal finance cannot be overstated. Through “Rich Dad Poor Dad” and his ongoing educational initiatives, Kiyosaki has empowered countless individuals to rethink their approach to money and investing.

Chapters

00:00 | Trailer.
02:21 | Brian’s introduction.
03:40 | It’s time to move on, move out of the industrial age into the information age.
06:22 | Why Robert Kiyosaki says the crisis is in your head.
09:01 | This could be a great moment for us as humanity if we choose to use it in the right way.
11:27 | The stimulus package is like socialism for the rich. What does God want done.
16:59 | The Federal Reserve Bank is not a Bank, not federal and there are no reserves, it is a midget.
20:21 | The harder you work for money the poorer you are going to get.
21:41 | How rich Robert Kiyosaki is being bailed out by the USA Government.
24:14 | This is metamorphosis in financial terms. It is up to you how you emerge from this.
27:05 | Make the connection between wealth, sense of purpose and spirituality, or batten down hatches and grab the last piece of toilet paper.
32:43 | How can people start to metamorphosis at this very moment.
38:01 | How Robert Kiyosaki and the rich are financially staying out of trouble
43:11 | Wake up – the rich hoard gold and silver like toilet paper and financial advisers tell middle class to stay in their investments, while the rich get out.
44:36 | What Robert Kiyosaki advises small entrepreneurs.
46:27 | If you don’t change your thoughts then you don’t change. Intellectual property is infinite.
58:29 | What Robert Kiyosaki thinks of Donald Trump’s leadership at the moment.
1:00:40 | Robert Kiyosaki’s advice to the millennials.
1:04:45 | Are you a wimp or a pimp?
1:06:31 | Brian’s summing up.

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