Very Good Video with Robert Kiyosaki (1 hour-long)

Discussion in 'Wealth Creation & Management' started by TreasureHunter, Jan 1, 2014.

  1. TreasureHunter

    TreasureHunter Well-Known Member

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    I came across it on YouTube today, so I thought I'd share it:
    [youtube]http://www.youtube.com/watch?v=ehbn-NQX3Jg[/youtube]

    Very inspirational. :)
     
  2. trew

    trew Active Member Silver Stacker

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    Not sure how old this is.

    Sums up all the good things in his books but also some of the views that can be dangerous if taken in isolation.

    He is still harping on about real estate and gearing up with "good debt".
    Wonder how many people in the US took this advice in the early 2000s and how it panned out for them.
    Especially if they skipped the 'become financially literate' and 'look at 100 deals to buy 1' bits.
     
  3. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Its always good to get a fresh gee up. Also make you wonder if locking so much wealth away in PMs is such a great idea rather than making that money work for you.

    He's right about the 'fear' part in making that final move into purchasing.

    The 3 piggy banks analogy goes against his saving money is stupid mantra but.
     
  4. ozcopper

    ozcopper Administrator Staff Member

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    He contradicts himself so often!
     
  5. TreasureHunter

    TreasureHunter Well-Known Member

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    Kiyosaki inspires me tremendously. Of course, he won't tell his big secrets.

    It's an old video, but most of those things stand the test of time.

    One thing I don't like is credit. So, during this financial crisis, I'd go to zero debt. Play around with investments, make money work for you, but don't be in debt.

    I guess Kiyosaki would also talk differently following this debt-craze-induced financial crisis.

    Kiyosaki is definitely right about silver.
     

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