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Robert Kiyosaki

How to Become Wealthy in a Down Economy (The Rich Dad Poor Dad Guide)

Making money isn't impossible during a recession.

Right now probably seems like the most unlikely time to make money.

We’re experiencing a bit of a financial recession since COVID-19 happened. Lots of businesses are closed, and people have lost jobs. Entrepreneurs’ plans have been put on hold, and sometimes, it feels like waiting until this is all over is the best thing we can do.

It’s important to be smart with our money, especially in times of financial recession, but being fearful is equally damaging as being impulsive. While we all want this to be over, there are things we can be doing right now to ensure we won’t find ourselves hurt by a future recession.

Did you know that some of the biggest companies were started between the 2008 – 2010 recession? Heard of Venmo? Uber? Instagram? These startups were born during a recession period, proving that it is not impossible or even unlikely for businesses, companies, and entrepreneurs to come out on top of a financial crisis.

Today on The School of Greatness, I’ve got the author of the #1 bestselling personal finance book of all time to tell you about the toughest lessons he’s learned from business and how you can thrive in the midst of a recession.

“Some people are looking for the challenge, some are looking for security.” @theRealKiyosaki  

Robert Kiyosaki is an entrepreneur, investor, motivational speaker, author, and also a financial knowledge activist. He’s the founder of Rich Global LLC and the Rich Dad Company, a private financial education company that provides personal finance and business education to people through books and videos. He has authored over 26 books on finance!

His book series Rich Dad Poor Dad is an international bestseller. It compares his two “dads”: one was his poor biological father and the other was his ‘fictitious’ rich dad. The poor father was actually very educated but had no money while the rich father was a high school dropout and was ‘Hawaii’s richest man’. Rich Dad Poor Dad has become the #1 bestselling personal finance book of all time! His newest book is Who Stole My Pension?: How You Can Stop the Looting.

Robert has seen his fair share of failures and has learned some tough lessons in business. Some of these lessons are hard to teach unless you live through them. Today on The School of Greatness, Robert shares some of his wisdom he’s learned through experience and how you can make money during a financial recession.

COVID-19 has affected global health as well as global economy. If you’re ready to turn this recession into an opportunity, join me on Episode 943 with the legendary Robert Kiyosaki!

“Knowledge is finite, stupidity is infinite; so stay stupid.” @theRealKiyosaki  

Some Questions I Ask:

  • What were some wake moments for you as an entrepreneur? (1:25)
  • Can one get rich without being bold? (11:28)
  • What’s the next step to get through this pandemic market? (16:18)
  • What does “define benefit” mean? (40:51)
  • What’s your projection of real estate right now? (48:17)

In this episode, you will learn:

  • What Robert learned from his first big success and failure (6:42)
  • How young people have a lot of opportunity due to the pandemic (14:21)
  • The three types of people in this world (18:15)
  • The difference between peacetime and wartime leaders (24:13)
  • Robert’s feelings about the stock market (28:10)
  • What the pandemic is doing to the economy (36:18)
  • Plus much more…

Transcript of this Episode

Music Credits:

Music Credit:

Kaibu by Killercats

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