Gambling vs investing
Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business - Un pódcast de The Rich Dad Radio Network - Miercoles
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 deck chairs on the Titanic as the stock market grows into a giant bubble. In this episode, Robert compares how the generation who thought bonds were a safe investment is no different than the speculators in cryptocurrency. Robert gives this warning: with the inflation rate so low, the Fed will do whatever it takes, including launching another round of Quantitative Easing, to make sure that interest rates remain low. That is because the Fed understands that if interest rates go up significantly, the stock market and the property market will fall sharply, causing the US and the rest of the world to go back into a severe recession—wiping out the retirement of millions of people. Host Robert Kiyosaki discusses why those who take the advice of their financial planners by investing in “safe” investments like bonds, could be in a world of hurt if the US finds itself back in a recession. Learn more about your ad choices. Visit megaphone.fm/adchoices
