Tuesday, October 20, 2015

More Robert Kiyosaki

Robert Kiyosaki is as entertaining a speaker as he is an author on financial literacy. I was enthralled to hear him live at a national training event in Baltimore this past weekend. Here are more of his remarks from that event.

Being poor is not so much about how much you make, but rather how much you spend. The more you make, the more taxes you will pay. The tax system is designed to take your money.

That's why Kiyosaki buys real estate. He wants to keep as much money as possible in his assets. The rich leverage and use debt to make millions and pay zero tax. Debt makes you rich. He has issues with the nationally-known financial advisers who recommend living a debt-free life.

Kiyosaki believes that the middle class is getting wiped out because their government lies to them through the schools. Today's public school education is based on the Industrial Age; it was designed to take farm kids to train them how to become employees.

Kiyosaki believes that massive unemployment is coming;and the stock market is coming down. He does not trust investment bankers and financial investors. Our success is costing us our country severely. In today's global economy, something as simple as shopping at Walmart sends our money overseas. 401K retirement plans are loaded with fees, and are designed to make Wall Street rich.

Kiyosaki believes that baby boomers will become the next baby bust generation. Most boomers will run out of money before they die. This is bad news for most people; good news for entrepreneurs like those in attendance at our training event in Baltimore because we are busy learning financial literacy that will set us free.
He outlines more details in his new book, Second Chance.
Tomorrow's blog will contain more Kiyosaki quotes on how school makes you stupid; and Thursday's blog will focus on Kiyosaki's thoughts for the business of the 21st century.

Happy Investing!

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