The School of Greatness

943 Robert Kiyosaki: How to Become Wealthy in a Down Economy (The Rich Dad Poor Dad Guide)

Apr 20, 2020
Robert Kiyosaki, a renowned entrepreneur and author of Rich Dad Poor Dad, shares his insights on navigating financial success in turbulent times. He discusses the importance of boldness and resilience, especially during economic downturns. Kiyosaki emphasizes the need for financial education and innovative investment strategies, encouraging listeners to embrace opportunities and protect their wealth through diverse assets, like cryptocurrency and precious metals. He also critiques traditional retirement plans and highlights the significance of continuous learning.
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ANECDOTE

From Wallets to Shoe Pockets

  • Robert Kiyosaki's first business, a nylon surfer wallet company, was initially a failure.
  • However, this led to his successful shoe pocket invention after seeing a news story about joggers' keys being stolen.
ADVICE

Rich Favors the Bold

  • Kiyosaki believes that wealth favors the bold and risk-takers.
  • He suggests that those seeking security might not achieve true wealth like entrepreneurs.
INSIGHT

Pandemic as Opportunity

  • Kiyosaki sees the pandemic as a significant opportunity for young people due to their tech-savviness.
  • Older generations, reliant on traditional systems, face a more challenging time.
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