Why Your 401k Might Not Save You! – Robert Kiyosaki, John MacGregor
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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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.
HI ROBERT SIR , how are you doing? 🌋 Question for you and everyone: What skill do you think can make millions and even billions?
Read Rich Dad Poor Dad.
Read second chance by Robert Kiyosaki
Mine won’t and im not depending on it
Get government jobs with pensions and open a 457!
People can get an IUL to put their money in.
You literally said nothing accept you guys are awesome and everyone sucks. You’re just here to sell us something
Oh stop whining . the whole show was about eduation, and what to do to become educated. If you were listening you would’ve heard them both talking about the different strategies that they were using, the changes that they’ve made throughout their lives to become the proactive people that they are as investors. Open your ears Nancy
Yes 💯% money is debt
It is the love of money which is the root of all evil. Money is necessary.
What happened with his voice? Is this AI?😂 🤖 😅
Yeah even I doubt genuinely if this is ai. His accent , voice are syncing to his old videos
The legend is getting old😢
word
If we’re lucky we will too
If you want to retire poor get a 401k if you want to retire rich get a Roth
Sounds like poor dad advice. I think the main idea of this episode is if you have traditional retirement accounts you are going to be eating cat food or working until you are dead.
He repeats the same stoy😂
😊 awesome 💯👍 video
Thank you for your videos mate.. If there is one thing I have learned in recent months it is to remain calm, especially when it comes to investments in cryptocurrencies. Learn not to sell in a panic when everything goes down and not to buy in euphoria when everything goes up. I advise y’all to forget predictions and start making a good profit now because future valuations are all speculations and guesses. Bitcoin going up is good for the entire market and you can not tell if it’s going bearish or bullish. I Would say More emphasis should be put into day trading as it is less affected by the unpredictable nature of the market.I have made over 9btc from day trading with Alison Bruce Crypto insights and signals. in less than one month, this is one of the best medium to backup your assets incase it goes bearish…
Got a chance to benefit from her services a few weeks ago and it has been a very smooth experience.
I’ve seen many positive comments about Alison Bruce. Can someone guide me on how to reach her?
Everyone needs more than a Basic Income to be Financially Secured in this present time that there’s an Economic Decline.
Alisonbruce… that’s her name on
Tg
? So if i pay off my mortgage … and borrow to buy a rental property that would be the way to go? Cash flow from rental property.just ordered cash flow game … i live in canada salt spring island, bc
I design landing pages that convert.
Where do I get that game cashflow
I have learned a lot from you. However, Not all educators are the same Robert. I’ve read all your books and have taken your advice on real estate, silver and gold. I often tell other educators and students about your work too.
Sir, you have to add audio language dubbing in many languages like hindi,bengali etc..because many people follow your idea, but sometime they missed some new topics just for language barrier……
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Charlotte Grace Miller.
She is my family’s personal broker and also a personal broker in many families I’m United States, she’s a licensed broker and a FINRA AGENT in United states
The very first time we tried, we invested $1400 and after a week, we received $5230. That really helped us a lot to pay up our bills.
I’m surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
I’m new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
Thanks Robert!! Your knowledge is invaluable.