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

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

Inflation is high. Interest rates are going up. Layoffs are happening. The world is on the brink of war. Today's guest explains how he believes we are headed for a depression, but if you use this one strategy, you may encounter the opportunity of a lifetime. Guest Bert Dohmen says, "If you want a road map just study the Great Depression of the 1930s, it's going to be very similar, but will probably be much worse. Host Robert Kiyosaki and guest Bert Dohmen discuss surviving soaring inflation and the best strategy to bet against a falling stock market.

As you may have heard, FTX, a popular cryptocurrency trading site that gained popularity after it featured A-list athletes like Steph Curry and Tom Brady in its commercials has collapsed. Today's guest explains how the Enron-style scheme lost billions of dollars overnight. Mark Moss, a nationally syndicated radio host on the iHeart network, a content creator on YouTube, Podcaster, and the author of the new book "UnCommunist Manifesto," says, "This token looked like it had value, which was traded on FTX, gained in popularity because people perceived it had value—value Alameda gave it, artificially." As a result, thousands of unsuspecting investors bought a garbage token. Host Robert Kiyosaki and guest Mark Moss breakdown the collapse of FTX and how you can prevent falling victim to similar scams.

Robert Kiyosaki teaches that one of the biggest things parents desire for their children is a good education. For most parents, this means an education that helps their children get a good job, save money, buy a house, and invest in a diversified portfolio of stocks, bonds, and mutual funds. Today's guests discuss what is being taught in schools, and the importance of parents getting involved. Jennifer DeStefano says, "I'm happy to see so many parents getting involved. I think for many, they were asleep. They just thought the school system was the system and there wasn't anything they could do about it." A lot of eyes were opened during COVID while students were taking class online and parents realized what was being taught in school. Host Robert Kiyosaki and guests Jennifer and Brie DeStefano discuss the struggles parents who have children in the traditional school system, and how they can fight back.

Robert Kiyosaki believes that the number one predictor of the success of an entrepreneur is his or her ability to sell. It's not just the ability to sell a product, which is very important, but also about the ability to sell a vision, a team, yourself, and potential partners and deals. If you want to be a successful entrepreneur, today is the time to focus on building your sales skills. That might mean joining a network marketing company. Today's guest share how joining a network marketing company helped them develop their skill of selling. Franco Lofranco, Senior VP at ACN, says, "If you can't sell, you can't survive." Christina Ann Sweney, Independent Market Partner at Monat, says, "Between the compensation plan, the products, and the community, network marketing gave me freedom." Host Robert Kiyosaki and guests Franco Lofranco and Christina Ann Sweney discuss how learning to sell is the number one skill for anyone to learn to survive the next depression.