Why the Rich Are RICH – Robert Kiyosaki Quarantine Update

The Rich Dad Channel, Released on 5/9/20

Robert Kiyosaki saw the collapse in 2008 as a huge opportunity to buy real estate. In fact, using good debt he borrowed $300 million to purchase thousands of rental units.

A short time later, Bitcoin came on the scene and was all the craze. Robert admits that he didn’t know anything about it then, and stuck to what he does know—real estate. But one thing that became clear was that cryptocurrencies weren’t assets that put money in your pocket every month but instead they were a hedge against a dying dollar.

In this video, Robert explains how debt and taxes can make the investor rich, not the asset. And more importantly, how you should study the right teacher before choosing an asset.

Robert Kiyosaki is best known as the author of Rich Dad Poor Dad, the #1 personal finance book of all time. His book titles hold four of the top ten spots on Nielsen Bookscan List’s Life-to-Date Sales from 2001-2008 alone. Robert is an educational Entrepreneur and real estate tycoon, co-creator of the CASHFLOW® board game, founder of the financial education-based Rich Dad Company and author of New York Times Bestsellers: Rich Dad’s Conspiracy of the Rich, and Unfair Advantage: The Power of Financial Education. Robert Kiyosaki is among the first to have warned Americans of an impending collapse in the US real estate market, famously prophesizing, “Your home is not an investment,” years before the Panic of 2008. His latest book is Fake: How Lies are Making the Poor and the Middle-Class Poorer.

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