Robert Kiyosaki & Today’s Economy- August 11, 2011
This morning, I watched a very important webinar given by Robert Kiyosaki on the topic of the economy. His guests were his wife and business partner Kim Kiyosaki, Tom Wheelwright, who is a tax and wealth advisor, Dan Sibley, who is Robert’s partner in oil and gas, and finally, Wayne Palmer of Utah, who is an expert in real estate and gold and silver. The topic of the meeting was investing in today’s world, today’s economy, and how to survive and prosper in the world of today. The meeting was attended via internet by 2,700 people in 110 different countries all around the world.
Mr. Kiyosaki has been studying and teaching people who want to listen and learn the truth about the economy and where it was headed. For years he has been predicting the crash of the dollar as well as the economy. Our “dollar” is merely a paper i.o.u. to which interest is attached. Mr. Kiyosaki says that “cash is trash” and he invests whatever cash he can instead of having it sit in a bank account where it does nothing for him.
The purpose of the meeting is to educate and warn people how to better themselves and to be prepared as the United States heads deeper down into the recession and the coming depression. To survive in the world today, they believe that you need to be creative and find new ways of doing things with your money because the old methods (what some of us are doing) aren’t working anymore. He further explains by saying that the “U.S. is no longer a Democracy (author note: according to the U.S. Constitution, we are a Republic), it is a Corporatacracy.” The government is controlled by the corporations, the big business.
The recession/ depression is nothing new. It has occurred over and over throughout history all over the world. It is a process, or cycle that continually repeats itself. This especially happens when there is corruption in a country’s government, and they print money at will. What is happening now is that as the federal reserve continues to print money at an alarming rate, the value of the dollar goes down which means we can buy less with our money. Whatever money we have sitting in a savings is also losing its value; losing it’s purchasing power.
So, what do we do about it? According to these experts, we can raise our financial IQ. We can educate ourselves and be aware of our finances. Knowledge is the key. So, instead of spending so much time in front of the television, what we like to refer to as the “income reducer”, go online or read a book and expand your knowledge. Learn how to invest and where to invest. Instead of keeping your money in a savings where it loses for you and doesn’t work for you, or giving your money to a financial advisor to invest in mutual funds where you have absolutely no control over your money, you could invest in real estate for passive income, or purchase gold and silver to retain your wealth.
I have been following Robert Kiyosaki since I was introduced to his teachings in 2006. I have read ‘Rich Dad, Poor Dad’, and ‘Why We Want You to be Rich’ which he co-authored with Donald Trump. I have also read ‘Rich Woman’ by Kim Kiyosaki. If you would like to learn more about the teachings of Robert Kiyosaki, click here.
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