Blog | Personal Finance
Robert Kiyosaki’s Top 2020 Rich Dad Blogs
As they say: 2020, it’s been a year. Below are the top posts I wrote for the Rich Dad Blog over this crazy year.
December 29, 2020
As expected, there’s some about the Coronavirus, but many aren’t. In fact, they’re timeless advice. Advice my rich dad gave to me decades ago, and advice that still holds true today.
As you settle into the New Year, I hope you’ll find some time to read the posts below. I know they’ll help you on your path to financial freedom.
Personal Finance
I’ve said it for a long time: savers are losers. But that’s only half of the equation. In order to be rich, you need to know what to do with your money instead of save it. That’s where velocity of money comes in. In this post, I share how the rich use velocity of money to get richer...and my five step formula to put velocity of money to work for you.
“Do you ever wonder how rich people go broke?” That is the fundamental question of financial planner John MacGregor’s, new book, “The Top 10 Reasons the Rich Go Broke: Powerful Stories that will Transform Your Financial Life...Forever. And it’s perhaps one of the most important questions you can ask yourself... if you want to be rich and stay rich. In this post, I cover some of the key elements of John’s book, including his B.E.A.R. Trap analogy and how it is most likely keeping you poor.
Back in March, when the coronavirus was just starting to rage, many thought it would be over by summer. At the time, I wrote: “As I write this, there are over 100,000 cases reported around the world and over 3,600 deaths. And it only seems to be getting started.” Less than a year later, as I write this, there are 81 million cases worldwide and 1.7 million deaths. The advice I give in this post is just as relevant today as it was then, including the 5 Gs you need to stay wealthy in hard times.
A number of years ago, a partner and I found massive amounts of gold in a mine in China. For a couple months, we thought we were billionaires...until China didn’t renew our license. This taught us some valuable lessons you need if you want to preserve your wealth. But these are hard earned lessons that many in power don’t want you to hear. In fact, China banned my book, FAKE, because of this story, and YouTube banned my video on it (for a time). Thankfully, that was restored by the tireless efforts of my team. Read it now before someone else shuts it down.
Entrepreneurship
The economy is a mess out there thanks to the pandemic. Chances are, if you told your family at the holiday dinner table you were thinking of starting a business in this chaos, you’d be laughed out of the room. Well, I think those starting businesses right now will have the last laugh. In this post, find out how to start a profitable business with a simple sales funnel.
My poor dad always said, go to a good school and get a high-paying job. As millions of people lost their jobs during the coronavirus pandemic, that advice was exposed for what it was: wrong. And with the rise of automation, robots, and AI, the future has never been more perilous for employees. Find out how to carve a path to financial security through entrepreneurship.
There’s more than one way to skin a cat...and there’s more than one way to make a lot of money running an online business. In this post, I give you 12 different tried and true methods for creating a successful business online.
Time is perhaps the most valuable commodity we have. Yet, most people spend it working themselves to the bone. Why? Because their employer rewards the hours they put in, not the results they put out. In this post, dig into why working smarter means working less.
Cryptocurrency
The powers that be don’t like cryptocurrency. And it’s no wonder: they don’t have control. But as the rise of cryptocurrency happens, there are three types of money emerging. God’s money is Gold and Silver. The people’s money is cryptocurrency. The government’s money is dollars. Governments don’t like God and people’s money because they can’t control it. I like them both because of that very fact. God and people’s money have integrity, and central banks do not. Don’t believe me? Read this post and find out why for yourself.
A lot of established investors won’t touch bitcoin...but they all have one thing in common: they’re old guys. I turn to a young guy and a smart investor, Jeff Wang, to break down why the old guys might just be wrong—really wrong—and why you should consider getting on the bitcoin train.
Most people know about Bitcoin, but there are other cryptocurrencies worth considering. In this post, I did into Ethereum and why it might be a good fit for you and your investment portfolio.
Stocks
The economy is weird right now with the stock market pushing records even as price to earnings ratios skyrocket. I’ve predicted for years that an epic stock market crash is coming, and I still feel that way—maybe even more so. The question is not if but when disaster will come. So you need a financial crisis plan to be ready.
The old adage goes, it takes money to make money. But not with options trading. In this post, I go deep into how you can get into the options game and make money without having to have a big pot of money first.
The level of investing expertise you have will determine your ability to get rich. If you want to assess your level of investing expertise, this post will help break it down for you and show you where you have room to grow.
Sure there is risk in investing in stocks. But all investments have risk. If you want to be successful in the game of stock investing, you have to know the rules. I break them down here for you.
Commodities
In May, oil prices sank into negative territory. Was this a firesale? Or was it a new normal? In this post I cover how to keep a clear head and make good investment decisions rather than get caught up in hysteria.
For years, green energy has been tempting, but no one knew how to make money with it. Now, a secret formula has unlocked the massive wealth-building potential of green energy. Find out what it is, and how you can start getting into the green energy boom yourself.
I’ve said it for years: the dollar is toast. Each day your money is worth less and less. So, it’s important to invest in God’s money: gold and silver. This is your essential guide to investing precious metals (and protecting your wealth).
Original publish date:
December 29, 2020