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

In this time of deception and betrayal; of rising unemployment, the key is to learn the
number one skill in life: sales.

“Selling is not about deception. It’s about telling the hardcore truth,” says Host Robert
Kiyosaki. “Find the need and magnify it. Sell them what will work for them.”

Kiyosaki’s guest, longtime friend and business colleague, Blair Singer, is one of the
leading sales trainers. He advises such big organizations as Singapore Airlines, IBM,
L’Oreal hair brands all over the world.

Singer is highly skilled at putting tens of thousands of entrepreneurs through their
paces. “We give them some tools and put them through some exercises. Some people
make more money in ten mins than they have in ten months,” Singer says.

The best-selling author of “Sales Dogs: You Don’t Have To Be An Attack Dog to
Explode Your Income,” Singer breaks the salesman personality into five dog breeds:
The Pitbull—the aggressive, never take no for an answer type; the Poodle—the
charming schmoozer; the Chihuahua—the data freak. The types who talk in bits and
bites a million miles an hour; and finally, the Big Dog— which is any one of the 5
breeds...just bigger. They like to brag and tell a big story.

Singer will be one of the presenters at the Rich Entrepreneur. Poor Entrepreneur
event this April 6, 7, 8 in Scottsdale, Arizona. “Just because you’re making money
doesn’t mean you’re rich,” says Kiyosaki. “You have to convert your money into an
asset that provides income for the rest of your life.” Sales equals income.

“The toughest sale was me selling me to me!” says SInger. “Salesmanship begins when
you hear the word, NO. You learn how to become a human being. You learn how to
deal with what the world is throwing at you. Data and information is not sales. Sales is
about finding out what people want and then helping them get it. Then, it’s about
conversion, when the money transfers to you. The selling cycle is when it clears your
bank.

Host Robert Kiyosaki and guest and tax expert Tom Wheelwright discuss how to avoid paying taxes, one of the topics that will be covered at the upcoming April, 6th, 7th and 8th event in Scottsdale, Arizona, the first Rich Dad only event in 13 years.
Kiyosaki believes we are facing a three time crash. “The first crash is stocks and bonds, the second is real estate; the third is the dollar, because they’re going to keep printing money. This is not a time to pretend you’re Warren Buffet,” says Kiyosaki, who is concerned we’re going to slide into a depression.

If your wealth is tied up in your home, there are some things you can do in preparation. You don’t get to deduct losses on a personal residence. You might want to consider rental properties where you get tax benefits, instead of personal property where you don’t. “If your house is still high in value, get a line of credit so when it does drop, the money is still available to them,” says Wheelwright.

This could be the biggest bubble in world history. When you have deflation going and the economy slows, you are in trouble. You can’t adjust that fast.

“Most people have never seen an audit. Especially if you’re under 40,” says Kiyosaki. “Now, you’re going to. You’ll have new tech that can catch you making mistakes or things that are rightfully in the law, that they might not like.” 90% of audits are under 400,000.

Corporations can move anywhere they want. Apple has some headquarters in Ireland and Ireland pays a lower tax rate than the US. They can move where they perform. Individuals can’t do this as much. Entrepreneurs always have the biggest tax advantages.

The middle class, especially the self employed, are getting hammered. The poor pay nothing in tax. What can a person do? “There’s an opportunity to work locally, with the states,” says Wheelwright. “There are states that don’t charge any tax and states that charge a lot. California charges 13.3 %, Arizona charges 2.5; Texas charges nothing. You have an opportunity to work with the states. You just have to know the law.

Watch part 2 of a very important discussion with Andy Schectman of Miles Franklin, and find out what Mexico joining BRICS means for the future of the new global reserve currency.

Andy Schectman, CEO of Miles Franklin Precious Metals Investments, explained in a recent interview that the five leading emerging economies — Brazil, Russia, India, China, and South Africa, collectively known as BRICS nations — are “coalescing against the dollar.” Schectman believes that since 2022, de-dollarization “seems to be spinning much, much faster.”

Schectman expects a large portion of the world to abandon the U.S. dollar and he also predicts a “tsunami of inflation.” With rising inflation, Schectman suggests that the interest rate set by the U.S. Federal Reserve will continue to rise and a “collapse” in asset prices will soon follow.

The institutions that are deemed “too big to fail” will always be bailed out. In his book, “Conspiracy of the Rich: The 8 New Rules of Money,” Robert Kiyosaki wrote that “bailouts are the name of the game.”

This week, the Fed bailed out two regional banks that collapsed. As depositors of those banks feared money in their accounts was gone, the Fed stepped in to replenish any of the money depositors would have lost - including accounts holding over $250,000.

Janet Yellen, Treasury Secretary, told senators that this guarantee will not be extended to smaller regional banks in the future. Lawmakers are concerned these backstops could become a new norm for big banks, giving “too big to fail” banks an unfair advantage over community lenders.

Guest Andy Schectman is owner of Miles Franklin, a full service for precious metals. “If you’re going to buy gold and start accumulating, storage is an issue,” says Host Robert Kiyosaki. It’s why he’s been with Miles Franklin for years.

As one of the hosts for the Rich Dad event this April 6,7 and 8th in Phoenix, Schectman has the financial advice you won’t get from schools, the stock market or wall street. Schectman’s father once advised him to buy something every two weeks. “I looked at gold and silver as wealth outside of the system,” he says. Three decades later he has 8 billion in sales.

Schectman talks about his prediction and worry that Saudi Arabia would apply for BRICKS, which stands for Brazil, Russia, India, China, South Africa, Saudi Arabia.

“What gives the dollar its world reserve status is that every country on the planet has had to own dollars since 1974 to buy oil. That’s the deal we struck with the Saudi Kingdom and by extension OPEC.” But in Davos recently, Saudi Arabia said they’re open to accepting other currencies for oil. “60% of the worlds’ population will stop using the US dollar,” says Kiyosaki. “This is what gives us power. Those saving fake dollars are in trouble.”

BRICKS is a system based on a pledging of commodities. “They will use blockchain to see what country has pledged to the system. This will put a knife into the heart of the US dollar and its synthetic demand. If OPEC decides to open oil production to other currencies, it’s a massive deal.”

“The countries in the EU, the rest of the world, are coalescing against the West,” says Schectman. “These countries are using commodities like gold as a vehicle that will allow everyone equal say at the table. Turkey imported more gold than any country— 58.3 tons of gold from Switzerland.” It will be a commodity backed system to back a new reserve currency.

Kiyosaki and Schectman discuss the FDIC, Federal Deposit Insurance Corporation, the organization that backs all the deposits held by the banks in the US to which there are over 9 Trillion in deposits being backed by 200 Billion in assets or in cash by the FDIC. “It’s a scam,” says Schectman. “They don’t have enough money to back the deposits. This will make the great depression look like a walk in the park. They have removed all reserve requirements ever since the pandemic, so when you deposit money in the bank, they don’t hold it. Bailouts are gone and Bail-ins are the order of the day. The FDIC doesn’t want the public to know as it could produce a run on the banks.”

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Join Robert Kiyosaki and his trusted tax advisor, Tom Wheelwright, as they discuss the idea of paying taxes as being “patriotic”. The truth? 99% of the tax code is essentially an instruction manual on how to not pay taxes. The governments of the world are really asking us to partner with them to grow the economy. And, when you do it correctly - you pay no taxes (and the economy grows). The less you pay in taxes, the more money you have to invest! After listening, take advantage of a special offer for Podcast listeners to help you get started as an investor: https://bit.ly/RDWPodcast9D *SPECIAL OFFER*

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