DO THIS To Make MILLIONS In A Market Crash (Become A Millionaire)| Robert Kiyosaki & Lewis Howes

Mindset Shifts

Lewis Howes and Robert Kiyosaki discuss the importance of mindset shifts for transitioning from an employee to an entrepreneur. Robert emphasizes that anyone can be an entrepreneur, but success depends on finding the right teachers and understanding money. He advises against saving money due to low interest rates and encourages investing wisely even during economic downturns 1. Robert also critiques traditional financial advice, advocating for creating personal assets and cash flow instead of relying on the stock market 2.

Choose your teachers wisely, right? You just have to know money, that's all.

--- Robert Kiyosaki

   

Success from Adversity

Robert shares how challenges and failures can be stepping stones to success in entrepreneurship. He views the COVID-19 pandemic as an opportunity for young people to leverage their tech-savviness and create new opportunities 3. Robert also recounts his own experiences, noting that his biggest financial successes came during economic downturns, such as the 2008 crash 4.

The bad times are the leading to the best times.

--- Robert Kiyosaki

   

Innovative Paths

The conversation shifts to innovative paths for wealth creation, even in adverse conditions. Robert explains the differences between defined benefit and defined contribution pensions, highlighting the pitfalls of the latter 5. He advocates for creating personal assets, like books or board games, that generate passive income and leveraging tax incentives to minimize liabilities 6.

I created my own assets. I don't need an ETF.

--- Robert Kiyosaki

   

Wartime vs. Peacetime Leadership

Robert contrasts the different approaches required for leadership in stable versus crisis periods. He argues that wartime leaders thrive in adversity, while peacetime leaders struggle 7. For entrepreneurs, the current economic climate presents a unique opportunity to innovate and succeed, provided they adopt a wartime mindset.

If you're an entrepreneur right now, the world's open to you. You're an employee, your world's dead to you.

--- Robert Kiyosaki