Financial Crisis Alert: Why Your 401k and IRA Might Not Save You!

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

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1d ago 33:37

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Robert Kiyosaki, host of The Rich Dad Radio Show, is joined by John MacGregor, author of 'The 10 Top Reasons Why Rich People Go Broke.' They discuss the severe financial challenges many people, particularly those relying on 401k and IRA plans, might face due to systemic flaws and lack of financial education. The episode emphasizes the importance of being proactive, educating oneself, and understanding how to manage personal finances independently instead of relying on traditional financial planners or quick-fix solutions. Kiyosaki and MacGregor stress the significance of the 'Cashflow' game and personalized strategies for financial stability.
00:00 Introduction
01:39 The Birth of 401k and Financial Planning
03:55 The Problem with Financial Advice
05:43 The Importance of Financial Education
06:11 John McGregor's Financial Journey
07:06 The Flaws in Traditional Financial Planning
08:27 The Role of Behavioral Change in Financial Success
19:53 Discussing Money Strategies with Friends
20:31 The Simplicity of Trading Options
21:54 The Importance of Financial Education
22:48 Investing in What People Need
26:24 The Reality of Financial Advisors
33:53 The Problem with Quick Fix Solutions
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Please read carefully.
This is not financial advice.
You may be asking, “what does that mean?”
Let me explain…
Do not just do what I, my team, or my guest says. That would be stupid and irresponsible. Take the education, then use your own brain and make your own decisions.
YOU must take responsibility for your future and your success. That is why you are here. Neither I, or my team, or my guests, know your risk levels, prior education, emotional maturity, or how much money you can afford to lose.
We are only telling you what we believe to be smart moves. But you must decide for yourself. There are NEVER guarantees.
Also understand that we are REAL teachers. We practice what we preach. With that in mind we often invest in the very projects that may be mentioned on this show. While it is never our intent, we could possibly profit from others investing in our recommendations.
Take the education we provide but then determine your own actions. If it does not make sense to you, get more education before you invest. We will continue to provide education and there will always be more opportunities.

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