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

Real Estate

Robert Kiyosaki emphasizes the importance of real estate investments, especially during economic downturns. He warns against commercial real estate, predicting a shift towards low-income housing due to the pandemic's impact on office spaces 1. Kiyosaki also highlights the value of self-discipline and choosing the right teachers to navigate financial challenges 2.

There's two kinds of discipline. There's internal or self-discipline, and then there's external discipline. So right now, if the world's kicking your butt, that's external discipline. And if you're self-disciplined, the world's kissing your butt right now.

--- Robert Kiyosaki

He believes that understanding market trends and adapting accordingly is crucial for long-term success.

   

Stock Market

Kiyosaki shares his critical views on stock market investments, preferring to create his own assets instead. He recounts borrowing $300 million during the 2008 market crash to invest in real estate, leveraging low interest rates and falling property prices 3. He stresses the importance of choosing wise teachers and avoiding traditional financial advice that promotes stock market investments 4.

I don't touch that garbage that Wall Street puts out. I don't have stocks, bonds, mutual funds, ETFs. Doesn't mean you shouldn't. But I don't need them.

--- Robert Kiyosaki

Kiyosaki's approach focuses on entrepreneurship and creating personal wealth through innovative strategies.

   

Alternative Investments

Exploring alternative investments, Kiyosaki expresses his preference for cryptocurrencies and commodities like gold and silver. He appreciates Bitcoin for its open-source nature and resistance to government control 5. Additionally, he explains how he uses debt to acquire real estate and minimize taxes, leveraging government incentives for providing housing and employment 6.

I use debt to buy real estate, and the more real estate I buy, the less tax I pay.

--- Robert Kiyosaki

Kiyosaki's strategy involves diversifying investments to protect and grow wealth in uncertain times.

   

Financial Planning

Kiyosaki discusses the importance of understanding different types of pensions and the looming pension crisis. He contrasts defined benefit plans with 401(k) plans, highlighting the vulnerabilities of the latter 7. He advises choosing knowledgeable teachers to navigate these complexities and stresses the need for continuous learning and adaptation 8.

This crisis should inspire people to get wealthier, or you can be a loser.

--- Robert Kiyosaki

Kiyosaki's insights aim to prepare individuals for long-term financial stability and resilience.