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 a slave 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.”

Owen Anderson, a philosophy and religious studies professor at Arizona State University, discusses the impact of free speech on campuses. He highlights how protests against conservative viewpoints create a chilling effect, leading to self-censorship among students and faculty. Anderson argues for the importance of presenting diverse perspectives in education to foster critical thinking. He emphasizes the need for civil discourse and the dangers of ideological conformity, calling for courage in defending free expression and engaging with differing opinions.

Guest Chris Martenson, author of the newly released The Crash Course, picks up where he left 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. “To produce, 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.