Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

Host Robert Kiyosaki and guest and tax expert Tom Wheelwright discuss how to avoid paying taxes, one of the topics that will be covered at the upcoming April, 6th, 7th and 8th event in Scottsdale, Arizona, the first Rich Dad only event in 13 years. Kiyosaki believes we are facing a three time crash. “The first crash is stocks and bonds, the second is real estate; the third is the dollar, because they’re going to keep printing money. This is not a time to pretend you’re Warren Buffet,” says Kiyosaki, who is concerned we’re going to slide into a depression.If your wealth is tied up in your home, there are some things you can do in preparation. You don’t get to deduct losses on a personal residence. You might want to consider rental properties where you get tax benefits, instead of personal property where you don’t. “If your house is still high in value, get a line of credit so when it does drop, the money is still available to them,” says Wheelwright.This could be the biggest bubble in world history. When you have deflation going and the economy slows, you are in trouble. You can’t adjust that fast. “Most people have never seen an audit. Especially if you’re under 40,” says Kiyosaki. “Now, you’re going to. You’ll have new tech that can catch you making mistakes or things that are rightfully in the law, that they might not like.” 90% of audits are under 400,000. Corporations can move anywhere they want. Apple has some headquarters in Ireland and Ireland pays a lower tax rate than the US. They can move where they perform. Individuals can’t do this as much. Entrepreneurs always have the biggest tax advantages.The middle class, especially the self employed, are getting hammered. The poor pay nothing in tax. What can a person do? “There’s an opportunity to work locally, with the states,” says Wheelwright. “There are states that don’t charge any tax and states that charge a lot. California charges 13.3 %, Arizona charges 2.5; Texas charges nothing. You have an opportunity to work with the states. You just have to know the law.

Watch part 2 of a very important discussion with Andy Schectman of Miles Franklin, and find out what Mexico joining BRICS means for the future of the new global reserve currency. Andy Schectman, CEO of Miles Franklin Precious Metals Investments, explained in a recent interview that the five leading emerging economies — Brazil, Russia, India, China, and South Africa, collectively known as BRICS nations — are “coalescing against the dollar.” Schectman believes that since 2022, de-dollarization “seems to be spinning much, much faster.”Schectman expects a large portion of the world to abandon the U.S. dollar and he also predicts a “tsunami of inflation.” With rising inflation, Schectman suggests that the interest rate set by the U.S. Federal Reserve will continue to rise and a “collapse” in asset prices will soon follow.

The institutions that are deemed “too big to fail” will always be bailed out. In his book, “Conspiracy of the Rich: The 8 New Rules of Money,” Robert Kiyosaki wrote that “bailouts are the name of the game.” This week, the Fed bailed out two regional banks that collapsed. As depositors of those banks feared money in their accounts was gone, the Fed stepped in to replenish any of the money depositors would have lost - including accounts holding over $250,000. Janet Yellen, Treasury Secretary, told senators that this guarantee will not be extended to smaller regional banks in the future. Lawmakers are concerned these backstops could become a new norm for big banks, giving “too big to fail” banks an unfair advantage over community lenders.

Guest Andy Schectman is owner of Miles Franklin, a full service for precious metals. “If you’re going to buy gold and start accumulating, storage is an issue,” says Host Robert Kiyosaki. It’s why he’s been with Miles Franklin for years.As one of the hosts for the Rich Dad event this April 6,7 and 8th in Phoenix, Schectman has the financial advice you won’t get from schools, the stock market or wall street. Schectman’s father once advised him to buy something every two weeks. “I looked at gold and silver as wealth outside of the system,” he says. Three decades later he has 8 billion in sales.Schectman talks about his prediction and worry that Saudi Arabia would apply for BRICKS, which stands for Brazil, Russia, India, China, South Africa, Saudi Arabia.“What gives the dollar its world reserve status is that every country on the planet has had to own dollars since 1974 to buy oil. That’s the deal we struck with the Saudi Kingdom and by extension OPEC.” But in Davos recently, Saudi Arabia said they’re open to accepting other currencies for oil. “60% of the worlds’ population will stop using the US dollar,” says Kiyosaki. “This is what gives us power. Those saving fake dollars are in trouble.”BRICKS is a system based on a pledging of commodities. “They will use blockchain to see what country has pledged to the system. This will put a knife into the heart of the US dollar and its synthetic demand. If OPEC decides to open oil production to other currencies, it’s a massive deal.” “The countries in the EU, the rest of the world, are coalescing against the West,” says Schectman. “These countries are using commodities like gold as a vehicle that will allow everyone equal say at the table. Turkey imported more gold than any country— 58.3 tons of gold from Switzerland.” It will be a commodity backed system to back a new reserve currency.Kiyosaki and Schectman discuss the FDIC, Federal Deposit Insurance Corporation, the organization that backs all the deposits held by the banks in the US to which there are over 9 Trillion in deposits being backed by 200 Billion in assets or in cash by the FDIC. “It’s a scam,” says Schectman. “They don’t have enough money to back the deposits. This will make the great depression look like a walk in the park. They have removed all reserve requirements ever since the pandemic, so when you deposit money in the bank, they don’t hold it. Bailouts are gone and Bail-ins are the order of the day. The FDIC doesn’t want the public to know as it could produce a run on the banks.”Skip the waitlist and invest in blue-chip art for the very first time by signing up for Masterworks: https://www.masterworks.art/richdad. Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more.“net returns” refers to the annualized internal rate of return net of all fees and costs, calculated from the offering closing date to the sale date. IRR may not be indicative of Masterworks paintings not yet sold and past performance is not indicative of future results. See important Reg A disclosures: Masterworks.com/cd. Masterworks’ offerings are filed with the SEC, view all past and current offerings here or at SEC.gov.

Join Robert Kiyosaki and his trusted tax advisor, Tom Wheelwright, as they discuss the idea of paying taxes as being “patriotic”. The truth? 99% of the tax code is essentially an instruction manual on how to not pay taxes. The governments of the world are really asking us to partner with them to grow the economy. And, when you do it correctly - you pay no taxes (and the economy grows). The less you pay in taxes, the more money you have to invest! After listening, take advantage of a special offer for Podcast listeners to help you get started as an investor: https://bit.ly/RDWPodcast9D *SPECIAL OFFER* You’ll get Robert Kiyosaki’s complete Real Estate CASHFLOW Blueprint program and gain access to his proven step-by-step strategies. Plus, for a limited time – you’ll also get access to 6 FREE LIVE & Interactive Mastermind sessions with Robert’s certified Rich Dad Real Estate experts - a $2,000 value (This offer is subject to change at any time). What’s included: Robert’s Complete CASHFLOW Blueprint online course and 3 additional free bonuses: The Rich Dad Personal Riches Profile (powered by the Myers-Briggs Type Indicator), Robert’s Contracts and Forms Toolkit, and 7 extra sessions featuring Robert’s Insider Secrets to Exploding your Cash Flow.

Between student loan debt of 1.6 trillion and overall debt...anyone under 40 is going to be aslave to debt,” says Robert Kiyosaki. “The Fed has tried to stop inflation but it can’t stop a crash.Pensions are going away, they’re cutting benefits. Social security will be bankrupt in 10 years.The safety net won’t exist. Best to prepare now.This April 6, 7, 8 in Phoenix, Arizona Guest John MacGregor will join financial experts about how to get rich even in these bleak economic times.“This is hard core education. Not text book education. Real financial education that gets to the core of why people are living paycheck to paycheck,” says MacGregor. “They have actually put their knowledge into practice. “The event is an investment in your future. If you want to get rich,” says Kiyosaki.MacGregor has been In business for over 27 years. His purpose is how to turn an asset into cash flow. His special expertise - paper assets; how to generate cash flow immediately.“What I do is codify it into a process. It’s a five stage process. My 92 year-old father is making 10-15K a month - consistently for 10 years, as a hobby. “No matter what asset class you’re looking at, you can make money.”“The real off balance sheet with social security, medicare and pensions is almost 300 Trillion, " says Kiyosaki. “When they go bust, that’s what the taxpayer will pay for. John will tell you how to get rich no matter which way the market goes up or down.”

At a February 8, 2023 speaking engagement at Arizona State University entitled“Health. Wealth. Happiness,” Robert Kiyosaki and his two guests, nationally syndicatedtalk show host and founder of PragerU, Dennis Prager, and Charlie Kirk, conservativeactivist, radio talk show host and founder of Turning Point USA, incited protest when 37of 47 Honors College professors wrote a petition to ban the event because of theconservative perspectives espoused.But Guest Dr. Owen Anderson, a professor of philosophy and religious studies, was onewho stood up for free speech. “If you look at the letter opposing the event, they link it toviolence—white, nationalist, bigot. That’s how they framed it. As soon as you are “onthe list of violence, then you are not protected by the first amendment.”Anderson and Kiyosaki are concerned about the larger, pervasive issue spreadingacross college campuses. “We are in a generation of professors who don’t know theirview and they don’t have the skill of showing the other perspective. It’s why there iswhat is called, “The Chilling effect,” says Anderson. “It’s where people are made to feeluncomfortable if they speak up or attend a particular event,” says Anderson. “That’swhen self censoring starts because they know the professors fall to the left. They think,if I speak up or defend my view in class I’ll get a bad grade.”“In classes, I argue for the best presentations of BOTH views,” says Anderson. Robertagrees that any university that promotes a uniform ideology of conformity does adisservice to students. “Students should ask themselves, do I have to accept the goingnarrative among my professors about race, gender and economics? Or am I free toquestion assumptions? Students should be able to question narratives.”-----Skip the waitlist and invest in blue-chip art for the very first time by signing up for Masterworks: https://masterworks.art/richdad. Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more.“net returns” refers to the annualized internal rate of return net of all fees and costs, calculated from the offering closing date to the sale date. IRR may not be indicative of Masterworks paintings not yet sold and past performance is not indicative of future results. See important Reg A disclosures: Masterworks.com/cd. Masterworks’ offerings are filed with the SEC, view all past and current offerings here or at SEC.gov.

Guest Chris Martenson, author of the newly released The Crash Course, picks up where heleft off with his prophetic look at the economy. The original Crash Course video was released in 2008, followed by the book version in 2011. Considered ahead of its time, today, we are poised for an economic perfect storm. We need to prepare ourselves. A big event is coming and the ones with skills to adapt will succeed.Host Robert Kiyosaki and Martenson talk about the 3 E’s: Economy, Energy and Environment. With the 4th “e” being “exponential growth.” Our nation is creating more debt; more fake money. “Money is a marker, a claim. And we are making it faster than ever. But at some point, it breaks. And it breaks badly.”“We haven’t made any serious plans for how we’re going to control our deficit spending or how we are going to navigate this energy future,” Martenson says. “Europe is a continent of 400 Million people. They are energy poor and they just got into a war with Russia by proxy. What happens when you starve a continent of 400 million? A huge decline of living standards, the driving factors being food and energy.The reason we aren’t creating a real economy is because we aren’t producing anything. “Toproduce, you have to have energy. Houses, cars, food. Just scratch a little and you’ll find energy. If you want to have an economy, prosperity comes because we have energy.”Prepare for social unrest. Have a Plan B. “Ask yourself, what do I know how to do?” says Martenson. The number of people who know how to do things is dwindling.” Learn skills. Grow a garden.

The world economy is crashing. The baby boomer generation is going bust. Interest rates are going up, the stock market is going down, and the middle class is getting hammered with inflation. But according to Host Robert Kiyosaki, “out of doom and gloom comes opportunity.” And who better to know where and how to find opportunity in these dire times than guest Doomberg. The #1 substack on finance, with thousands of subscribers, Doomberg is a creative entrepreneur with expertise in forecasting, macro, crypto, gold, and silver. He’s the first to tell you that “the best way to make money rather than saving your salary, even in bad economic times, isn’t by getting a college degree. It’s by starting your own business.” Robert couldn’t agree more. It’s why he has invited Doomberg on the show. Want to learn how to protect ourselves from a faltering economy? For Robert and Doomberg the answers are gold, silver, bitcoin, not money, because as Robert says, our money is “fake.” “Knowing the macro gives you the view and certainty of what you buy, sell and what you do,” says Robert, who asks Doomberg, a “macro” aka, world economy expert to share his philosophy and advice. “To build a successful business from scratch,” says Doomberg, “you must have a rigorous, maniacal mindset of continual improvement. Every day, measure your data. What worked and what didn’t work. What could you do better? Where did you screw up? Then reinvent that knowledge into your own business where you own the equity and success is owned by you.” Be smart. As Robert says, it’s not that he’s against stocks. He just wants you to buy his stocks! That’s the Robert Kiyosaki formula.

Host Robert Kiyosaki and guest Gary Wagner, two self-professed “gold bugs” talk about the diminishing value of the dollar and how Japanese Candlestick charting is an effective way to determine market trends. Wagner, of Hungarian descent, is an expert in gold. As a child, he was told the only assets worth owning were art and gold. Today he offers advice on gold and the increasing demand of silver on his Youtube Channel Thegoldforecast.com By observing Japanese Candlestick trading sessions versus American trading sessions, Wagner believes Japanese Candlesticks changed his life. In his book, “Trading Applications of Japanese Candlestick Charting,” Gary shows how Japanese Candlesticks use the same data points that an American bar chart uses, except for one key distinction. The high and low data points are drawn in a vertical line. “Looking at a candlestick chart gives you information in a 3D format,” says Wagner. “The individual candlesticks form patterns in groups which make it quicker to predict the market.” Like Japanese Kanji, the Japanese build a picture to see trends. Robert and Gary discuss the imminence of the valueless dollar and how Japanese Candlesticks offer more market assurance. As Robert says, Gold and Silver are Gods’ Money. Placed By God into the Earth. In uncertain financial times, turn to precious metals.

In 1971 President Richard Nixon changed the rules of money. That year, the U.S. dollar ceased being money and became a currency. This was one of the most important changes in modern history, but few people understand why. Today’s guests explain why understanding the difference will help our listeners survive 2023.Jim Clark, CEO of Republic Monetary Exchange says, “It’s a bigger risk having paper money that’s depreciating.” Clark goes on to point out that we are in the 51st year since Nixon took the dollar off the gold standard, and no other fiat currency has survived the past 50 years as a warning of the future of the dollar. Charles Goyetter, author of the book “Red and Blue and Broke All Over” says, “There’s a rough patch of road ahead. For as bad as it’s going to be, the ones that take action will be so much better off.” Host Robert Kiyosaki and guests Jim Clark and Charles Goyette discuss the difference between real money and fake money, and why cash is trash in 2023. Get Republic Monetary Exchange’s free newsletter: https://rmegold.com/gold-market-discussion/

The baby boomer generation is the second largest generation in American history with over 72 million individuals. And they’re all getting ready to retire. The problem is…they have no money. Even worse, generations following the baby boomer generation are worse off. Today’s guest gives his outlook for retirement savings in 2023. Peter Grandich, author of “Confessions of a Former Wall Street Whiz Kid” says, “I never thought I’d see 33 trillion in debt, not counting the unfunded liabilities of social security, medicare, and Medicaid.” Grandich believes with the current trajectory of economic policies, it’ll only get worse for retirees and those close to retirement age. Host Robert Kiyosaki and guest Peter Grandich discuss the largest threat to 401Ks and pension plans in 2023 and what each generation can do to save their hopes of retirement.

Robert Kiyosaki has been warning people who are relying on their pension or 401(k) that he expects the next largest crash to happen in those two investment vehicles. In this episode, today’s guest explains why you should own gold and silver now more than ever before and the value of diversification. Jay Martin, CEO, and President of Cambridge House International Inc. says, “The bulk of the last 12 years has been a bearish market for precious metals.” He goes on to explain how many individuals are being caught flat-footed by having zero exposure to what he calls “historic money.” Host Robert Kiyosaki and guest Jay Martin discuss the importance of diversifying your portfolio into precious metals as the economy heads into turbulent times. Get Robert Kiyosaki’s book Who Stole My Pension?: How You Can Stop the Looting: http://bit.ly/3ZJW7lJ

Join Robert Kiyosaki and his special guest Dr. Nomi Prins, Economist, and author of Permanent Distortion as they share new strategies to help you create a better future. Get insight into what they are investing in to combat inflation and volatile markets. You’ll be prepared to thrive in this wild economy – instead of hoping to merely survive. After viewing this event, take advantage of a special offer for Podcast listeners to help you get started as an investor: https://bit.ly/RDWPodcast8D *SPECIAL OFFER* You’ll get Robert Kiyosaki’s complete Real Estate CASHFLOW Blueprint program and gain access to his proven step-by-step strategies. Plus, for a limited time – you’ll also get access to 6 FREE LIVE & Interactive Mastermind sessions with Robert’s certified Rich Dad Real Estate experts - a $2,000 value (This offer is subject to change at any time). What’s included: Robert’s Complete CASHFLOW Blueprint online course and 3 additional free bonuses: The Rich Dad Personal Riches Profile (powered by the Myers-Briggs Type Indicator), Robert’s Contracts and Forms Toolkit, and 7 extra sessions featuring Robert’s Insider Secrets to Exploding your Cash Flow. https://bit.ly/RDWPodcast8D

The U.S. is the world’s largest economy, the dollar is the world’s reserve currency, and today’s guest explains “what happens here, doesn’t stay here.” James Rickards, author of “Sold Out: How Broken Supply Chains, Surging Inflation, and Political Instability will Sink The Global Economy” says, “We’re heading for a very severe recession.” Rickards explains how Jerome Powell and the Fed’s rate hikes will throw the economy into a recession and by the time they realize it, it’ll be too late to do anything about it. Host Robert Kiyosaki and guest Jim Rickards discuss Jim’s final two factors that will affect the global economy, and what you can do to protect your wealth.

The weight of high inflation rates and quick monetary tightening have worsened the US economy's prognosis in 2023. Robert Kiyosaki invited his good friend, and financial expert to discuss what he sees for 2023. Today’s guest says his “list” is different than other experts out there as his list combines geopolitics and economics to provide a complete picture of the outlook in 2023. James Rickards, author of “Sold Out: How Broken Supply Chains, Surging Inflation, and Political Instability will Sink The Global Economy” says, “For the last three years, China has pursued a zero-Covid policy.” Which he explains was all done for political reasons at the cost of billions of dollars. Host Robert Kiyosaki and guest Jim Rickards discuss two of four major factors that will affect the global economy and the fallout of managing the economy through politics.

f you remember, there’s been major hits to the economy over the years. First, there was the 1980’s savings and loan crisis. Then, in 1987, the stock market crashed and the Dow Jones index lost 23% of its value. The next major event was the dotcom bubble and subsequent crash from 1999 to 2000. And the most recent event was the global financial crisis in 2007-08, which was triggered by the subprime mortgage crisis and the collapse of the U.S. housing bubble. This is the time it’s different. Today’s guest explains how this real estate market is different than before and what you can do about it. Ken McElroy, author of ABCs of Real Estate Investing says, “The inflation rate was 9.1% in June, it’s 7% now. They’ve raised interest rates six times and it’s only gone down two percent.” The good news, as Ken explains, is you can make money no matter what happens in the economy. The key is investing only where it makes sense and investing for cash flow. Host Robert Kiyosaki and guest Ken McElroy discuss threats and opportunities in real estate investing in 2023.

In 2022, President Joe Biden signed the Inflation Reduction Act which “aims to curb inflation by reducing the deficit, lowering prescription drug prices, and investing into domestic energy production while promoting clean energy.” Today’s guest argues that it does none of those things. Tom Wheelwright, the author of Win-Win Wealth Strategy:  7 Investments the Government Will Pay You to Make, says, “There’s nothing in there that reduces inflation. In fact, I call it the ‘Inflation Enhancement Act’.” Additionally, Wheelwright explains the impact this Act will have on businesses through the removal of some of the common tax deductions that business owners are currently receiving.  Host Kim Kiyosaki and guest Tom Wheelwright discuss analyze and discuss the impact and effects of the Inflation Reduction Act, and the five things you can invest in to protect your wealth.

The supply chain crisis is coming to a head. Today, your favorite products are missing from store shelves, caught in supply chain limbo somewhere in the Pacific Ocean. While we hope that post-pandemic recovery will solve these issues, today’s guest explains how the supply chain problem is like a menacing iceberg that threatens global economic collapse.James Rickards, author of the book, “SOLD OUT: How Broken Supply Chains, Surging Inflation, and Political Instability Will Sink the Global Economy” says, “The supply chain isn’t a part of the economy, the supply chain IS the economy.” Rickards shares his predictions for the post-pandemic future and how consumers and business owners can get ahead of the collapse.Hosts Robert and Kim Kiyosaki and guest James Rickards discuss the unprecedented challenges in the coming months, and what you can do now to prepare for the inevitable collapse.

Robert Kiyosaki and his special guest, Patrick Bet-David, are going to reveal the number one skill that can change your life. Don’t miss this motivating and revealing discussion that is designed to help you…be a better investor…be a better entrepreneur…and develop new approaches and mindsets that will help launch you to achieve REAL FREEDOM.After viewing this event, take advantage of a special offer for Podcast listeners to help you get started as an investor: https://bit.ly/RDWPodcast7D*SPECIAL OFFER* You’ll get Robert Kiyosaki’s complete Real Estate CASHFLOW Blueprint program and gain access to his proven step-by-step strategies. Plus, for a limited time – you’ll also get access to 6 FREE LIVE Mastermind sessions with Robert’s certified Rich Dad Real Estate experts - a $2,000 value (This offer is subject to change at any time). What’s included: Robert’s Complete CASHFLOW Blueprint online course and 3 additional free bonuses: The Rich Dad Personal Riches Profile (powered by the Myers-Briggs Type Indicator), Robert’s Contracts and Forms Toolkit, and 7 extra sessions featuring Robert’s Insider Secrets to Exploding your Cash Flow. https://bit.ly/RDWPodcast7D