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

Trillions of dollars of funny money are being created by the Fed, and for a lot of people, everything seems good. Unfortunately, the experience of today's guest tells him otherwise.    Doug Casey is the author of "Crisis Investing" and a world-renowned speculator, libertarian, and philosopher who says, "I believe we're well into what I call The Greater Depression. A lot of people believe we're in...

The global money supply is $90 trillion and in the grand scheme of money, Bitcoin plays a very small role. Today's guest warns listeners against investing in Bitcoin to "get rich quick".    Anthony "Pomp" Pompliano, the host of The Pomp Podcast, and a respected voice in the cryptocurrency asset says, "The entire drop from $60,000 to $30,000 was all new investors selling their Bitcoin."    Seasoned...

Robert Kiyosaki's mentor, Dr. R. Buckminster Fuller talked about the pace of technology and how we were "entering the world of the invisible." To him, technology was advancing so rapidly that many people were blind to it. This is exactly what is happening right now as Green technology. It is taking off fast and quickly becoming more efficient than energy from coal, oil, and gas. But most people do...

The world economy is in a precarious state, and the US economic problems are at the heart of the world's fears. At the center of the US economic problems is a weakening dollar, and today's guest reminds us that all assets are in a bubble.  Harry Dent is a best-selling author and one of the most outspoken financial editors in America. He predicts "the biggest crash ever" and will most likely hit by...

Across the world, assets are in a giant debt bubble—some say it's the largest in the world's history. Today's guest says since the financial crisis of 2008 through the coronavirus pandemic, central banks have tried to prevent economic meltdowns by printing more money, and no politician has stepped in to prevent it.  John Adams, Chief Economist for As Good As Gold Australia says, "We see a 1.9 tril...

Most people think of investing as any situation where you put down money with the expectation of getting a return on your money. Unfortunately, what many people think of as investing is actually gambling. For years, most people invested in traditional stocks and bonds. Stocks and bonds followed sound economic and business principles. As retirement nears, millions of Baby Boomers are scrambling for...

Last March, the Fed came in and started buying junk for cash by doing that, it has doubled the amount of artificial money flowing to big banks since 2008. As a result, today's guest says, the Fed, by criminal standards, is laundering money through the banks.  Nomi Prins is the author of "Collusion: How Central Bankers Rigged the World" and a geopolitical financial expert who says, "You can think o...

The simple definition of inflation is when prices rise and the purchasing power of a currency drops. It means that you can buy less with your money than you used to be able to. As Charles Holt Carrol said, "Inflation is the surest way to fertilize the rich man's field with the sweat of the poor man's brow." Robert Breedlove is the host of the podcast "What is Money?" and he says, "The US in 2021 i...

In economics, Gresham's law is a monetary principle stating that "bad money drives out good". For example, if there are two forms of commodity money in circulation, which are accepted by law as having similar face value, the more valuable commodity will gradually disappear from circulation. Today's guest says, "This has been happening all throughout history."  In this episode you'll learn:  Bad Mo...

On the bullish side, there is a GIGANTIC amount of money being pumped into the financial markets by the Fed, which is creating and injecting $120 billion into the markets every month.   On top of that, the Treasury Department has a bank account with more than $1 trillion in it; and it plans to spend all that money over the next few months. All this Liquidity is likely to put more upward pressure o...

If you sold, mined, or traded cryptocurrencies in 2020, then this episode is for you! Tom Wheelwright, Rich Dad Advisor on Taxes, warns listeners as they prepare for filing taxes this year, "Anytime you use or trade your virtual currency, that's a taxable event." But what does trade mean, exactly? According to Tom, if you did anything other than just buy it, then you have to declare it—if you don'...

The average person in a developed country spends 25-35 percent of their life working to pay taxes. That means more than two hours of every workday are dedicated to feeding your government. Today's guests discuss how instead of working to pay taxes, you can invest to pay zero taxes—legally! Tom Wheelwright, Rich Dad Advisor on taxes says, "The real purpose of the tax law in your country is to provi...

We all define retirement differently. For most, it probably involves an island somewhere, a hammock, a good book, and a glass of wine sitting next to you as you relax for the first time in a long time. In this episode, paper asset experts discuss why for so many people across the globe this is a dream they'll never realize, and how the 401(k) was never designed to make you rich.  As Tom Wheelwrigh...

With a new Administration in the White House, there is a lot of speculation surrounding Biden's tax plan and the impact it will have on business owners. In today's episode, the guests discuss how you can take advantage of tax incentives regardless of who is in office.  The rich pay very little in income taxes because they don't earn their money as employees do. They know that the best way to legal...

Robert Kiyosaki is well-known for the phrase "Savers are losers" and it's never been more true than in today's economy. In his book, today's guest says, "As history reveals an ugly pattern of governments spending tomorrow's hard-earned savings today leaving unknowing savers holding the bag." What most people don't understand is that this is all a well-orchestrated plan to keep things from collapsi...

Today it's clearer than ever, the problem facing millions of people around the world is the lack of financial education being taught in our schools. In this episode, our guests discuss how what the world needs more now than ever is entrepreneurs and investors with a high financial IQ, who have the financial education to understand money and how it works. Robert Kiyosaki learned about how money wor...

As of February 2021, there are over 1,750,000 podcasts worldwide and according to podcasthosting.com, 50% of all US homes are podcast fans. Today's guest explains how even in a space that might seem crowded, there are plenty of opportunities.  Jeffrey Hayzlett the Chairman, and CEO of the C-Suite Network says, "If we were to look at the podcast business as a human, podcasts are in their teenage ye...

From universal basic income, mass manipulation of markets, to collateral mortgage-backed securities, today's guest says, "For the uninformed, the Biden administration will seem like the best of years," but as the informed already know, we are headed for what Robert Kiyosaki calls the "worst of times." The CNN "Fear & Greed Index" is indicating "greed" as the emotion driving markets right now. This...

Last week there was a classic story of David versus Goliath playing out in real life when GameStop mania shook up the stock market. In this special episode of The Rich Dad Radio Show, Robert Kiyosaki and Peter Schiff discuss how to everyone's surprise, David won. But last Wednesday, our guest predicted a much bigger short squeeze coming in silver.  Peter Schiff, the host of The Peter Schiff Show p...

Today, people of all ages—young and old—are in trouble because their ideas about money aren't just old, they're obsolete. With bonds and interest rates at historic lows, residential real estate growing at its fastest pace in 6 years, stock markets at all-time highs, there's really not many places to earn a yield on money right now. Crypto is taking a lot of the spotlight for that very reason. Cryp...

If you thought that 2020 was a difficult year, some experts are saying that 2021 will get worse before it gets better. From his perspective from the core of the financial system, today's guest shares his economic predictions for 2021 and how the left is in what he calls the "hope phase."  Raoul Pal, the Founder & CEO of Global Macro Investor and Real Vision Group Founder says, "They're expecting u...

As the Federal Reserve Bank keeps printing money, money becomes devalued. Some of the people most respected in the finance world are finally seeing this and they are moving to cryptocurrency as one of their solutions.  So what does the future of banking look like? Simon Dixon is the author of "Bank to the Future: Protect Your Future Before Governments go Bust" and he says, "For governments to meet...

Today's guest says the new depression that has emerged from the COVID pandemic is the worst economic crisis in U.S. history. Author and economist, James Rickards, says "The virus didn't cause the depression, it was our response to the virus."  In his latest book, The New Great Depression, James pulls back the curtain to reveal the true risks to our financial system and what savvy investors can do...

The impacts of Covid-19 are causing incredible unrest in the economy and the workforce. Political and social unrest continues to grow, and the U.S. economy is teetering on collapse. The only thing keeping the economy from total destruction is that the Fed continues to print money.  As a result, there's going to be a lot of volatility in the prices of commodities in the developed world. This includ...

Are you wondering what will happen with your taxes when Biden takes office? Today's guest describes what will happen If you are earning ordinary income—working a 9-5 job.  The reality is employees have little control over their money when it comes to taxes. They are at the full discretion of the law, which gives them very little wiggle room.  On the other hand, the rich are excited about the tax c...