The Truth About Inflation and its Impact on Your Wealth – Robert Kiyosaki, Lynette Zang
In this episode, host Robert Kiyosaki welcomes Lynette Zang, a renowned expert in precious metals and a keen observer of currency lifecycles, to explore the intricate world of money, inflation, and the enduring value of precious metals. This episode offers a deep dive into the mechanisms that drive the financial world and strategies for preserving wealth.
Robert Kiyosaki, best known for his groundbreaking book "Rich Dad Poor Dad," sets the stage for an enlightening discussion, where Lynette Zang brings her extensive knowledge to the forefront. The conversation begins with an explanation of currency lifecycles, a concept that Zang parallels with the stages of human life, providing an intuitive understanding of how currencies evolve and depreciate over time.
Zang elaborates on the phenomenon of hyperinflation, a critical topic given the current global economic climate. She illustrates how hyperinflation impacts economies, individuals, and the value of money. This part of the discussion is particularly insightful for viewers seeking to understand the broader economic forces that can affect their financial well-being.
The focus then shifts to the realm of numismatic coins. Zang, with her expertise, sheds light on how these coins play a unique role in wealth preservation. This segment is an eye-opener for collectors and investors alike, highlighting the significance of numismatics in the context of financial security and asset diversification.
Kiyosaki and Zang discuss why these precious metals are considered 'real money' and how they can protect against the devaluation of fiat currencies. This segment is particularly valuable for viewers interested in alternative investment strategies and the historical role of precious metals in the economy.
In her practical approach, Zang offers actionable advice on financial preparedness. She emphasizes the importance of diversifying one’s portfolio beyond traditional stocks and bonds, giving practical tips that viewers can apply to their financial planning.
The episode also covers the role of central banks and governments in currency valuation, providing insights into the actions and policies that shape the global financial landscape. The future of the US dollar is critically examined in light of global economic changes, offering predictions and analyses that are crucial for anyone concerned about the stability of their currency.
Towards the end, Zang shares her personal financial strategies, including the intriguing concept of a 'bug out house,' a reflection of her comprehensive approach to financial security and preparedness.
00:00: Introduction
01:20: Currency Lifecycle – Explaining currency life cycles
05:50: Hyperinflation and its Impact – Discussion on hyperinflation
09:30: Numismatic Coins – Insights on numismatic coins
14:10: Gold and Silver – The importance of gold and silver
18:50: Financial Preparedness – Tips for financial security
23:30: Role of Central Banks and Governments
28:40: Future of the Dollar
33:20: Lynette Zang's financial strategies
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Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.
The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.
God bless both of you Robert and Lynette for All you do giving people hope Thank you 🙏❤
I love that Lynette used George Gammon’s “Cerveza” usage!
What do you guys think about hoarding nickels since they are at/barely above face value and copper/nickel demand will rise over the next decade or more and with the likelihood that we will adopt a total digital currency getting rid of coins eventually as money.
Im 16yer old.sitting In my room n learning about money, from you(rich dad).
Well im from Malaysia 🇲🇾 -also not interested in believing that tradisional education system. Its just not for me.
So what do you have to say to me n what should be my next move….
Talk about buying whole life insurance policies and any value in that.
Thank you both for trying to un brain wash the masses. I try and share this knowledge with as many people that will listen. Most think I’m nuts and have no idea how the monetary system works.
My local village gypsy could would should make better predictions
I am glad to see you. Thank you lady
0:00: 💰 Discussion on lack of trust in government, impact of inflation on wealth, and insights from R. Buckminster Fuller.
4:02: 💰 Global debt-based currency system causing decline in purchasing power of US dollar, leading to potential regime shift and distraction through war.
8:13: 💰 Discussion on historical impact of inflation on currency value and purchasing power.
12:09: 💸 The impact of inflation on public confidence in currency and the potential for hyperinflation, explained by Robert Kiyosaki and Lynette Zang.
16:25: 💰 The importance of preparing for economic crises by considering gold as a wealth preservation strategy.
21:12: 💰 The impact of inflation on wealth through gold coin holdings, legal restrictions, and historical context.
25:28: 💰 The impact of inflation on wealth due to the US dollar’s detachment from the gold standard in the 60s.
29:52: 💰 Empower yourself with financial education and make informed investment decisions for your wealth.
33:26: 💰 Discussion on inflation, Biden’s policies, and the importance of being prepared for economic uncertainty.
Recapped using Tammy AI
I love this podcast. Thank you Robert for giving me history lessons on what was happening finacially before I was born. It really helps to see the patterns. Thanks for having Lynette, I’ve seen her before, and I believe she is spot on. Thanks for all you do!
I am glad Robert Kyosaki. You are smiling 😊
Never expected these two together!
they are talking the same thing over and over about fake money nothing else!
Since I learned about you both, I’ve always listened to both of your shows. Different perspectives, and much knowledge for food for thought.
“Americans are highly educated but super poor people” well said.. In scripture it says “My people die from a lack of knowledge” we have been robbed of the truth for so many years. Thanks for spreading your wisdom Robert.. for so many years -Erik
The wise will listen and learn, while the foolish will laugh and scoff at wisdom.
Financial planning is like navigation. If you know where you are and where you want to go, navigation isn’t such a great problem. It’s when you don’t know the two points that it’s difficult!
Now with the recent economy, To get Financial FREEDOM you have to be making money while you’re asleep.
True though unfortunately mine always end up with losses 😭
Great video Mr.kiyosaki.
what exactly was mentioned regarding numismatic coins?
numismatic coins were held by people “In The Know” in Government and Banking. Then The Confiscation began and the Common Folk were Screweddd . So The “Elite” write “The Laws” to Protect Themselves. That is the point
But in the end it is up to you as to how you decide to prepare
Zang Gang!
Don’t wait for a crash. Invest judiciously, keep a stop loss figure. Shuffle between debt and equity wherever the ratio goes too off your target. As for the target, I recommend a Ratio like this Debt % should be equal to your age in years. If you are 20, debt is 20%, reset in equity. If the market falls or rises drastically, your debt % will change, which you should rebalance to 20% and bring back equity to 80%. Thus you would have bought low or booked profit depending on if it was a crash or a bull run.
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
I agree, that’s the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it’s near impossible to not out-perform, been using my advisor for over 2years+ and I’ve netted over 2.8million.
@@joshbarney114 I think this is something I should do, but I’ve been stalling for a long time now. I don’t really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
I definitely share your sentiment about these firms. Finding financial advisors like Colleen Janie Towe who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
@@joshbarney114 I greatly appreciate it. I’m fortunate to have come upon your message because investing greatly fascinates me. I’ll look Colleen up and send her a message. You’ve truly motivated me. God’s blessings on you.
So, what about if you set up some put options aimed at low risk high reward a year out from expiration aimed at a 30-35% pullback target, sooner the pullback higher the reward, i mean, while the dollar is certainly failing and quickly, it does not typically happen over night or does it? Honestly i don’t know but i feel like it does though i have 40k i’m protecting pretty hard and i’m not afraid to pull it and convert is as needed but my father who has a hell of a lot more to lose by getting this wrong won’t even have to conversation with me, he’s a retired accounting teacher, and i have been sounding the bell for awhile but had i listened to him, i would have 500k right now, but i have responded to these warning videos . What i’m afraid of is that with all this money printing though it’s not going to the people, naturally some is and so where will people put all this cash if not the stock market, so why wouldn’t there be a huge melt up before a drop?