Robert Kiyosaki believes that market crashes are really good.

Over the last few years, economists and financial experts, like Robert Kiyosaki, have been predicting that a recession is imminent.

In 2019, more than 70% of economists surveyed by the National Association for Business Economists thought that a recession would occur before the end of 2021. Based on the current economic climate, they may not be far off.

Are you prepared for the next recession? If not, keep reading and listen to Robert Kiyosaki's financial advice!

Watch the video below:

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A market crash is highly likely to occur.

In terms of when the crash is going to happen, nobody is 100% sure, nor do we know how much damage the next global recession will cause. However, based on the fact that the Coronavirus pandemic continues to negatively impact the economy, there are fears that the downturn could last a long time.

The International Monetary Fund predicts that the “Great Lockdown” recession could be worse than the Great Depression if the Coronavirus lingers. However, if you take a look at the U.S. economy over the last century you will see that, on average, every ten years there has been a recession.

Robert Kiyosaki makes sense of the imminent market crash using his theory of bubblenomics. He uses the metaphor of a balloon blowing up to describe how a market bubble works. In 1971, Nixon took the dollar off the gold standard. At this point, fake money was introduced into the U.S.

This meant that governments could print their own money, otherwise referred to as “counterfeit money.” When you think about it, why would you make money when you could just print it? Instead of finding ways to correct the economy, the U.S. decided to blow it up even more.

In 1987, the U.S. experienced the biggest one-day crash in history. Yet again, the Federal Reserve continued to print more fake money. In 2000 there was a dot-com crash which proved to be the biggest bubble ever. In 2008, the U.S. experienced another stock market crash. After 2008, the Federal Reserve continued to print fake money.

When things go into a bubble, stock and real estate prices go through the roof.

In turn, people get a false sense of being rich. The question is, “What can you do to prepare for and take advantage of the next market crash?” When people get wind of a potential market crash, their natural response is to panic. However, Robert Kiyosaki offers a different perspective as to how you should approach an imminent crash.

In his words, “What is wrong with a market crash?” He believes that crashes are really good. In 2008, when the markets crashed, they also lowered the interest rates. In his eyes, this was cause to celebrate! It was at this time that he and his partners borrowed $300 million dollars to buy more property.

Ten years later, they are $600 million in debt, but they got rich off of debt. Keep in mind that this kind of business move takes years of financial education. Currently, the U.S. has been triggered as a bear market. This is when stocks drop from 20% or more from the all-time high.

A recession or a bear market only happens every decade. We are entering into that territory, but we haven't hit bottom yet. Unfortunately, things will get worse. A lot of businesses will continue to be affected by the Coronavirus pandemic.

However, if you are prepared for the recession, you will be in a better financial position than most. I've been preparing for the 2020 recession for years now. If a recession happens, my investment portfolio can drop by up to 50%. However, long-term, I will be able to quadruple my net worth over a 5-10 year horizon in ways I never could have if I continued to go at the pace I'm going now.

Robert Kiyosaki hopes that the stock market crashes.

Regardless of whether or not you adopt his view that crashes are really good, it's important that you prepare yourself for it. It's not a matter of ‘if' there is going to be a market crash. Rather, it is just a matter of ‘when.'

If you haven't yet, I encourage you to start learning about investing. Doing so will make sure that you benefit from the market crash when it does occur. The most important piece of advice that I can give you when it comes to investing is to take a long-term approach.

Regardless of what happens in the economy, you can always make smart financial moves. The more prepared that you are, the better able you will be to withstand the highs and lows that a market crash brings with it.

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Robert Kiyosaki believes that a market crash is inevitable.

He shares his balloon metaphor to explain the theory of “bubblenomics” and the deflating U.S. economy.

In 1971, Nixon took the dollar off the gold standard. This meant that the U.S. government could now print “fake” money.

This fatal decision marked the beginning of the worst 40 years in American economic history. It is very possible that the next financial crisis is on its way.

Want to know why? Listen to Robert Kiyosaki!

Watch the video below:

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Bubblenomics explains why America is broke.

When the dollar became fake, that meant that the government could print their own money, otherwise referred to as counterfeit money. Instead of fixing the economy, the U.S. only blew it up even more. Robert Kiyosaki uses the metaphor of a balloon blowing up to describe the bubble effect that has occurred in the U.S.

It didn't stop there. The government continued printing fake money. In 1987, otherwise referred to as Black Monday, every stock market around the world crashed. Following that, in the 90's the dot com bubble burst. It is said that this burst took out $5 trillion U.S. dollars in the market value of technology firms between March 2000 and October 2002. Finally, in 2008, we saw the subprime real estate crash.

Yet again, the world's central bankers continued to print more fake money. This explains Economics 101 in a nutshell. Shocking, right?

When things go into a bubble, real estate, stocks and bond prices skyrocket. This is when people get a false sense of being rich. Pensions are now broke in the U.S. which means that a lot of Baby Boomers aren't going to be able to retire.

Robert Kiyosaki talks a lot in his work about the inability of the education system to teach young people about the value of money. Yes, they preach the importance of Economics, but nothing beyond that. This is one of the many reasons why I dropped out of college.

It's fair to say that our current world economy is in big trouble. What do you think is going to happen if we continue down this road? You don't have to be an economist to know. If a crash is imminent, the best thing that any of us can do is be prepared for it.

The next market crash may be closer than we think.

This is why Robert Kiyosaki thinks it's so important to be financially educated. If you want to survive the next crash, you have to learn how to protect your money and your wealth. In a world where financial turbulence is proving to be the norm, your most important asset is your financial intelligence.

Are you ready to boost your financial IQ so that you can grow your wealth the right way? If so, it's time that you start listening to people like Robert Kiyosaki. He's onto something big.

Watch the video above to get a full explanation of Bubblenomics!

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Robert Kiyosaki is an American entrepreneur, educator, investor, and best-selling author.

His book changed my life forever. He helped me take control of my financial future and inspired me to become an Internet entrepreneur.

He is best known for his book, Rich Dad, Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!, which is the #1 personal finance book of all time.

Ready to discover how you can use debt to get rich? Listen to Robert Kiyosaki!

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Robert Kiyosaki is a financial expert.

His teachings have transformed the way that people around the world think about money. Robert Kiyosaki believes that most young people are brainwashed by the school system. They are sold the idea that if they go to university and get a good job, they will achieve financial security.

In today’s economic landscape, this is far from true. This is why we need to take it upon ourselves to become financially educated. In our interview, Robert Kiyosaki and I talk about his new book, Fake: Fake Money, Fake Teachers, Fake Assets: How Lies Are Making the Poor and Middle Class Poorer. In the book, Robert challenges conventional wisdom and empowers his readers to ask questions that will help them determine what is real and what isn't when it comes to money,

Let's dive in!

Do you mind sharing your “Rich Dad, Poor Dad” story?

I grew up in Hawaii. I'm a fourth-generation Japanese American. My poor dad had a Ph.D. and was the head of education for the state of Hawaii. However, I used to say that Ph.D. stood for poor, helpless and desperate. Our schools teach us nothing about money.

Even though I was a poor kid, I went to a rich kid's school. When I was 9 years old, I raised my hand and asked my teacher why others were rich and I was poor. She said, “If you stay in school you will be rich.” I said, “Don't B.S. me. My father has a Ph.D. and he is broke!” I kept raising my hand and she finally said, “The love of all money is the root of all evil.” I said, “It might be evil to you but I would like to have some.”

I kept asking my poor dad when he was going to teach me about money.

He said, “I can only teach what the government lets me teach and money is not one of those subjects.” That was my first wake up call that education was brainwashing. I went to a very good college and got a degree but I didn't learn anything about money. I started studying with my rich dad when I was 9 years old. He taught my best friend and I about money by playing monopoly.  Today, I own 7,000 rental properties and five hotels. All I do is play monopoly.

It's not that hard to get rich but you have to have good teachers.

There are a lot of fake teachers out there. That's why I wrote my book, Fake: Fake Money, Fake Teachers, Fake Assets: How Lies Are Making the Poor and Middle Class Poorer. Our school system is fake. Not only that, but we have fake money and we have fake assets in terms of stocks, bonds, mutual funds, and ETFs. In my book, I write about the infinite return, meaning that the higher your financial IQ is, the less money that you need. In my opinion, if you need money, you're not using your brain properly.

What is your mindset when it comes to debt?

If you're going to be educated, you need to know the difference between credit and debt. All money today is credit. It doesn't exist. Credit is simply the power to spend.

The moment you spend it, you create debt.

When it comes to debt, there is a contractual agreement that you will pay it back. The trouble is that most people never pay it back. Look at the student debt crisis. Student loan debt is bigger than the subprime crisis that brought down the market in 2008. That is what we are dealing with when it comes to financial education.

What could someone do to educate themselves for a potential crash?

There's nothing wrong with crashes. They are actually really good. In 2008 when the markets crashed they also lowered the interest rates. I thought I had died and gone to heaven. My partners and I borrowed $300 million and we bought more property. Ten years later, we are now almost $600 million in debt but we got very rich off of our debt. However, this kind of success takes financial education. This is why I created the Cashflow Board Game because it encourage you to use debt to get rich. If you don't use debt, then follow Dave Ramsey's rule of living debt free.

Why is selling the most important skill someone can develop?

If you can't sell,  you don't have any income. My poor dad was very disappointed in me because he wanted me to get my MBA and fly for an airline. However, I didn't want to be an employee. Rather, I wanted to be an entrepreneur. My rich dad said that the #1 skill of every entrepreneur is selling. The only job I really had was with Xerox because they had a sales training program.

I became #1 in sales for that company.

I quit shortly after and started my own business. It was a nylon and velcro surfer's wallet business. I sold the hell out of that thing. The trouble was that I sold more than I could produce, which got me into trouble. It was a good lesson.  My poor dad didn't want me to be a salesman because he saw them as crooks. That is an elite academic mentality.

What inspired you to write your new book, Fake?

Fake is the graduate school for my book, Rich Dad, Poor Dad. In 1972, I was flying into Vietnam. Nixon took the dollar off the gold standard so my co-pilot and I decided to go look for gold. We didn't know what that was. We flew to a gold mine.

When I attempted to buy gold for $40, the Vietnamese woman wouldn't give me a discount, expressing that it was $50 dollars or nothing. She was one of the best teachers I ever had because she taught me about money. I learned from her that money is fake and gold is real.

We sailed to Hong Kong in 1972 and I bought my first piece of gold for $50. Today, South African krugerrand is worth $1450. Ever since that day, I only save gold and silver. I call gold“gods money” and the U.S. dollar “fake money.”

Are you ready to use your debt to get rich?

The experience and opportunity of meeting Robert Kiyosaki is something that I will never forget. His work has impacted my life and business in profound ways. I hope that his knowledge has inspired you to change the way that you think about financial wealth and abundance.

If you have yet to read his new book, Fake, I highly recommend that you do. Also, make sure that you subscribe to his YouTube channel. He's got a lot of great content for you to consume. If you are looking for ways to elevate your financial well-being, this is the man to listen to.

In the words of Robert Kiyosaki himself – “If you want to thrive in today's economy, you must challenge the status quo and get the financial education necessary to succeed.”

Today I have an AWESOME success story for you. It's truly inspirational. This Romanian power couple makes $100,000 PER MONTH on Amazon. Are you ready to learn how they built a profitable business selling on Amazon?

While at the Amazing Selling Summit event this past year, I had the pleasure of interviewing Peter and Adina, a couple from Romania.

Their journey to success started with the ASM course, which then led them to build a successful Amazon business.

Peter and Adina's experience has inspired so many people in their home country of Romania to take the leap of faith and start their own Amazon businesses! Watch below to find out how they did it.

Watch the video below:

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Here is a sneak peak of my interview with Peter and Adina. This Romanian power couple makes $100,000 PER MONTH on Amazon:

How did you get started with ASM and what has your journey been like since then?

We started our Amazon business three years ago. We were inspired to do so after we received an email from Robert Kiyosaki, whose email list we are a part of. We didn’t speak any English before starting ASM. We had big dreams and we were only living on one salary at the time. We started to watch Matt and Jason’s videos, but we could only understand a few key words. We immediately knew that this is what we had to do. We learned English and went through the ASM course, using Google translate. We had no money at the time, so we borrowed it from someone so that we could take the course and purchase inventory. We borrowed even more money to come to the Las Vegas event, and then immediately after attending the event, our business started to grow very fast!

Your story is so special because there are people all over the world that may not speak English and wonder if it’s even possible to start an Amazon business. What was the turning point for you? Was it your belief that you could really do this and be successful at it?

We wanted to change our lives and we believed in our dream. Before starting our business, we always wanted to do big things and have an impact in the world. We knew that there was something inside of us. We looked for the opportunities, and when the ASM course appeared, despite the language barrier, we knew that we had to do it in order to fulfill our dreams. When you have this feeling, the barriers no longer exist, and you just jump in and do it.

What kind of success have you had with your Amazon business?

We make 5x more money in our Amazon business than I ever made with my job. I (Peter) had the courage to quit my job and focus on our business, full-time. After making that decision, our Amazon business grew fast. We attended ASM meetings, workshops, and then we grew, 10x more. We now make $100,000/month.

What a life-changing experience. How does it make you feel today, looking back at where you used to be versus where you are now?

It’s fantastic. We have the freedom to do the things we want to do. This business gives you the freedom to do what you love everywhere. You just need an Internet connection. It has changed our lives and we have the feeling that we are living the life that we always wanted. We have time for kids, we travel with our children, and this is amazing for us because we started with nothing. Before, we only had money for surviving, and now we have a beautiful life. At the beginning, we were most concerned about covering our basic needs, but then our business grew bigger and bigger, so much so that now we focus on helping others. We have a group of 80 people in Romania who have now started Amazon businesses, and we help them to change their lives. It’s more like our mission. We don’t do it for money because we have more than we need.

What advice would you give to someone that wants to start an Amazon business, but is in a similar position that you were in when you first started?

The first thing is to know what you want, put it on a vision board, and visualize your dreams. Secondly, attend an ASM event. You can have the best strategy out there, but without mentors and the courage to follow through with it, it won’t work. You need to connect with people who have been successful on Amazon, and then in turn, you will be successful as well. Put yourself in successful environments.

Anything is possible. If we can do it, so can you. It’s just a matter of what you have in your mind. We have been educated to have a poor mindset, but we changed that by educating ourselves and believed in the possibility of financial freedom. If you know what you want in life and believe that you will be successful, then everything will happen for you at the perfect moment. Write down what you want, and the Universe will help make your dream a reality.

This Romanian power couple makes $100,000 PER MONTH on Amazon. What an inspiring story of courage, commitment, and belief. Peter and Adina have proven that anything is possible in life. Are you ready to build a successful Amazon business?

Do you want to receive my free Amazon training series? CLICK HERE for instant access!

I want to share with you the key to financial freedom. This is what Robert Kiyosaki taught me about getting rich, so it’s worth paying attention to!

Robert Kiyosaki is the author of the best-selling book, Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!, which teaches people how to create a financial freedom mindset.

Society has conditioned us to believe that if we go to university and get a good job, we will achieve financial security. In today’s world, this is far from true. More and more people are coming to realize that if they want to experience financial security, they need to rely on themselves.

Robert Kiyosaki’s Cashflow Quadrant model has changed the way that I think about financial wealth and abundance in my life. He sheds light on how poor people think versus how rich people think. One mode of thinking results in a life of scarcity, while the other results in a life of abundance.

In the words of Robert Kiyosaki himself, “The benefit of living in a free society is that we all have the choice to be rich, poor, or middle class. The decision is up to you.” Are you ready to take control of your financial future?

Watch the video below:

(Click here to watch on YouTube)

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The Cashflow Quadrant is comprised of four different types of people who make up the business world:

E – Employee

Most people start out in life as an employee. When you are an employee you are working for someone else, and you are trading your time for money. Robert Kiyosaki refers to this as the ‘poor mentality.'

The challenge with this lifestyle is that you lack freedom and aren’t able to create financial wealth and abundance. The core value of an employee is that of security.

These types of people shy away from anything that creates risk to their financial stability. In my opinion, there is a big risk in being dependent on someone else for your sole means of survival. At any moment, you could be fired, the economy could change, or different sectors could disappear entirely.

S – Self-Employed

Oftentimes, someone that starts off as an employee realizes that they can start their own business, so they end up quitting their job. One of the main benefits of being self-employed is that you are your own boss – you call the shots, set your own hours, and posses a new level of freedom to work from home and travel.

The challenge with being self-employed is that you are still trading your time for money, so you can’t scale up. These people have yet to develop the business acumen that will allow them to successfully run a business.

B – Business Owner

The business owner works on their business, not in their business. They are constantly thinking about how they can remove themselves from their business.

They create systems and automate their business in ways that ensures that they don’t have to be involved in the day-to-day operations of it, which then allows them to scale up their business. They may open up multiple stores or have a team that does everything for him, which gives them freedom of time.

A business owner creates more wealth than a self-employed person ever could make. This is the type of person that you should strive to become, and what is known as the ‘rich mentality.’

I – Investor

When you are an investor you take money that you are making, save it, and invest it in someone else’s business. When you invest in real estate or stocks you want to invest in things that can provide a passive income source for you. You become financially free when your passive income exceeds your expenses. This is how the rich get richer.

The business owner and the investor are the keys to financial abundance. I like to think that there is another level to this model, otherwise known as a P, or a philanthropist. This occurs when all of your needs are taken care of and you receive joy and fulfillment from using your resources to make bigger changes in the world. These are the Bill Gateses of the world.

I think that you can start giving and contributing early on in your journey. It teaches you to live from a place of abundance and not live with a scarcity mentality around money and finances.

Some of the wealthiest people in the world become philanthropists because money and success only fulfills them so much. When they serve the world on a bigger scale, it leads to deeper levels of happiness and joy.

The Cashflow Quadrant model outlines the key to financial freedom. This is what Robert Kiyosaki taught me about getting rich. If you want to learn more about this model, Robert Kiyosaki has a book called, The Cashflow Quadrant: Rich Dad's Guide to Financial Freedom.

I hope this knowledge has inspired you to change the way that you think about financial wealth and abundance. In closing, Robert Kiyosaki once said, “Before you can transform your wallet from poor to rich, you’ve got to transform your spirit from poor to rich.” Are you ready to take control of your financial future and adopt an abundance mindset?

Do you want to learn the 7 online business models that have made me an Internet millionaire in less than 3 years? CLICK HERE to receive instant access to my free course!

I would like to share with you some money management tips for getting out of debt. Debt is no fun, and the emotional burden that it can create in peoples’ lives can be overwhelming. Henrik Ibsen said it best, “Home life ceases to be free and beautiful as soon as it is founded on borrowing and debt.”

Have you ever wondered why so many people have outrageous debt? A large reason is due to the lack of having a well-disciplined budget and financial life.

Managing your money doesn’t have to be difficult. It’s about knowing how you are using your money. How would your life change if you were free of debt? Make a decision to get rid of it, once and for all.

Watch the video below:

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Below are 5 money management tips for getting out of debt:

1. Be Aware of And Accept Your Debt

One of the most difficult things to do when first getting on the debt pay-off journey, is to truly accept your debt. Oftentimes, the reality of debt is too painful to acknowledge or accept, so the natural response is to avoid that it exists. I speak from personal experience.

When I was in my early 20’s, I was in a lot of debt. I had to make sacrifices in order to manage my money more efficiently and become debt-free. It was the acceptance of my reality that allowed me to make a change in my life. If you are serious about becoming debt-free, you need to acknowledge its existence. Be proactive. Don’t live in fear. Instead, take action. 

2. Decide To Change your Spending Habits

Making a decision implies that you are about to take action. When you make the decision to change your spending habits, you are halfway there to financial freedom! Saving money is about changing spending habits. What are your spending habits?

In order to become debt-free, you need to address the actual money management habits that you are struggling with, that led to the debt in the first place. Ramona Pearson, a certified public accountant and personal financial advisor said that “Money habits are formulated at a very young age for most people.” Take the time to figure out why you're spending habits are the way they are.

Sure enough, this is the reason why a lot of people that win the lottery end up losing it all. They don't take the time to develop the discipline in order to manage their money properly.

Focus on cutting your expenses or your overhead in some way. This will allow you to have some extra cash flow every month. Then, you can use that cash flow to start paying off your debt.

3. Track Your Expenses

If you want to free yourself from debt, you need to start tracking your expenses. The best way to work out what you spend your money on and how much you have left at the end of every month, is to keep a record of all your expenses.

According to Pick The Brain, for two weeks you should write everything down that you spend. Record the time, the place, and how much it costs. Doing so will help you identify your spending patterns.

If you haven’t done something like this before, there is a good chance that you will shock yourself. How often do you track your money? If the answer is never, it’s time to get out a calculator and start doing the math!

4. Don’t Spend What You Earn

Once you start making money, don’t be tempted to spend MORE money. This is where people get themselves into trouble. You have to discipline yourself to NOT engage in this behaviour.

In his book, Rich Dad, Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!, Robert Kiyosaki said, “Invest in assets, not liabilities.” An asset is something that puts money into your pocket, while a liability is something that takes money out of your pocket. Which category does everything in your life fall into?

If you can’t manage the money that you currently have, then there is no point making more money. If you adopt the mindset that making MORE money will be the answer to your debt issues, you are wrong. This is a recipe for disaster.

5. Reward Yourself

Adjusting to a new style of living involves sacrifice. Breaking bad habits, especially when it comes to spending money, is hard work. This is why it’s important that you reward yourself when you have practiced self-discipline.

Be kind to yourself and engage in mini-celebrations, now and then. Why? Because the MORE that you acknowledge and reward yourself for your successes, the more success you will have.

Charles Duhigg, New York Times reporter and author of The Power of Habit: Why We Do What We Do in Life and Business, said “First, you have to pick a cue, like every single time that you get a pay check, you’ll move 5% of it into savings.” The key to making your habit stick is to give yourself a reward every time that you engage in a positive behaviour.

Debt is debt, but don’t feel that you have to punish yourself because of it. Honour the small achievements that you make every day, on your journey towards financial freedom. How you choose to manage and spend your money can have a profound impact on your life. I encourage you to follow these money management tips for getting out of debt.

Your ability to make good money decisions will end up shaping the direction that your life will take. Are you ready to be free of debt? Take control of your financial future now!

Are you ready to learn how to master your finances so that you can succeed faster? CLICK HERE to join my Life Mastery Accelerator program!