Rich Dad Radio Show: In-your-face Advice On Investing, Personal Finance, & Starting A Business

Many public or government pensions—including some of the largest—are not audited annually by independent certified public accountants. In fact, about 60 percent of all corporate pensions in the United States are not audited. Let’s call it another example of the “gross malpractice generally practiced” that pervades pension management. Pensions don’t just implode overnight. There are always warning signs or “red flags” that have been disregarded for decades."Who Stole My Pension" co-author Ted Siedle, says, “Pension deaths are almost always foreseeable. Likewise, pension deaths are almost always preventable. If not foreseen and prevented, someone was not doing his or her job. However, autopsies almost never follow pension deaths. Indeed, the possibility of a forensic investigation into the causes of a pension death is rarely even discussed. The scope of such an investigation, as well as probable minimal cost, is rarely researched.Listen to hosts Robert and Kim Kiyosaki and guests Ted Siedle and U.S. Congressman

Throughout history, “money” has been many different things. Money has taken the form of seashells, colored beads, feathers, live animals, and large stones. Today, there are three types of modern money. Robert Kiyosaki says they are:1. God’s money: Gold and silver2. Government’s money: Dollars, Euros, pesos, etc.3. People’s money: Bitcoin, Ethereum, etc.Most are taught that saving money is smart but the truth is the dollar is worthless because the Fed is has been printing trillions of dollars ultimately make savers the biggest loser of all. So if saving money isn’t smart, what is? Get on your own gold standard, outside of the banks. Always remember gold and silver were here when the Earth was formed, and it will be here when we are all gone. In this episode, host Robert Kiyosaki and guests Anthony Pompliano and Brien Lundin give listeners an in-depth look into how assets like gold, silver, and cryptocurrency are insurance against a dying dollar.——————————————————————————————————FOR RICHDAD.COMBrien Lundin: www

States with the worst pension fund shortfalls include Colorado, Connecticut, Illinois, Kentucky, and New Jersey which have less than half of the assets needed to pay promised benefits and another 17 states have less than two-thirds. The extent to which public pensions are underfunded has been obscured by governmental accounting rules, which allow pensions to eliminate their underfunding, no matter how large, simply by investing in risky assets. In fact, investing in riskier assets may allow a pension to raise investment assumptions, but it also increases the probability that existing underfunding will increase. It’s anyone’s guess what will happen if and when a state pension in the United States runs out of money, but it’s indisputable that the amount of money that will be needed to bail out a single failed U.S. state pension will be in the tens of billions.All public pension stakeholders—American taxpayers and pensioners—need to get educated fast as to the causes of coming pension collapses and learn what th

Everyone is worried about getting sick, but what about focusing on staying healthy? It seems that during times of panic and quarantine people forget to take care of themselves as they would do when life was "normal". Maintaining a healthy and balanced lifestyle will give anyone an advantage during a pandemic. Hosts Robert and Kim Kiyosaki are joined by two of their own doctors, Dr. Nicole Srednicki and Dr. Josh Haggard to discuss the five things you can do to stay healthy every day—even while you are homebound—to avoid getting sick. Listen for an in-depth discussion on:1. Getting enough sunlight2. Eating adequate servings of fruits and vegetables3. Impacts of daily exercise4. How many hours of sleep you should be getting5. Staying hydratedStay for the second half and listen to learn what the doctors say may have contributed to the spread of the coronavirus. Learn more about your ad choices. Visit megaphone.fm/adchoices

As if the coronavirus hasn't caused enough damage, it also has investors feeling like they've been punched in the gut financially. Falling stock prices and interest rates have created a problem for both DB and DC pensions plans. The unfortunate thing about the coronavirus hitting at a time when most pensions are already underfunded, it almost certainly, will likely lead to more pension cuts as trouble grows in the economy. So the question that Robert Kiyosaki and his guests will be answering is, "What can I do?"In today's episode of the "5 Pension Time Bombs" series, Rich Dad Advisor Ken McElroy, explains how investing in a cash-flowing asset, like real estate, can provide not only tax-free wealth but also a real nest-egg for retirement no matter which way the stock market goes—up, down, or sideways. Listen as host Robert Kiyosaki and guests Ken McElroy and Ted Siedle discuss how financial education can lead to financial freedom even during uncertain times. For richdad.comKen McElroy Instagram: @kenmcelroyoff

Have you wondered why your property taxes are at record highs, water and sewage charges continue to grow, and local governments never seem to run out of ways to nickel and dime their constituents with fee after fee? Yet, the quality of services we depend on continue to decline.You might not think this pension crisis affects you, but as a taxpayer, you'll be shocked to find out exactly where your tax dollars are going.Phoenix City Councilman Sal DiCiccio, has been the taxpayer's champion, pushing for pension reform, exposing waste and public unions finagling huge pay increases. This week he contributes to the "5 Pension Time Bombs" series with his perspective on the pension problem from within one of the largest cities in the United States.Listen as hosts Robert and Kim welcome guests Ted Siedle and Sal DiCiccio who give warnings to those whose tax dollars are funding failing pensions.Learn more about your ad choices. Visit megaphone.fm/adchoices

The rules are changing quickly for entrepreneurs since confirmed coronavirus cases continue to exponentially grow around the world. As a result, the U.S. Federal Government sprung into action to try to alleviate further damage and destruction to the economy. Last week, President Donald Trump signed the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act into law, which initiated a $2 trillion stimulus package, the largest emergency relief bill in American history. Our guest today, Tom Wheelwright who is the Rich Dad Advisor on Taxes, and author of “Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes,” joins The Rich Dad Radio Show to discuss how this stimulus package will affect entrepreneurs. For employees facing unemployment, layoffs, and furloughs, Robert and Kim suggest now might bet the best time to change your mindset about how you earn your money and learn to see opportunity rather than despair.Listen as Robert, Kim, and Tom discuss how financial education, not

Some people say these most recent global events are part of a grand conspiracy, and that might well be. Some people say the events represent the struggle between capitalists, communists, and socialists, and that might be, too. But the only way out of this financial storm is to be prepared with financial education.  There were so many signals pointing to a market crash, and guest Bert Dohmen, the author of the Wellington Letter, looks behind the scenes of the global investment markets, analyzes cross-market relationships, global correlations, and especially credit market data which gives him superb clues as to what is likely to happen in various markets that are ignored by other analysts.Listen as Robert, Kim, and Bert discuss why the crash is coming, what to expect, and how to prepare yourself and protect your assets so you can stay on top, even when the economy is on the decline!Learn more about your ad choices. Visit megaphone.fm/adchoices

If you’ve been following your financial advisor’s advice of “invest for the long term” for the last several years you’ve been living fat, dumb and happy...until now. The sudden plunge in the stock market and the global spread of the coronavirus is making citizens across the globe more and more anxious as the days go by despite efforts by the Fed to pump in more money. The truth is the Feds can’t print their way out of this one. Harry Dent, author of Zero Hour: Turn the Greatest Political and Financial Upheaval in Modern History to Your Advantage, warns, “Markets will be brought down to reality and may not recover for 25-30 years—if ever.” In this episode of The Rich Dad Radio Show, Robert Kiyosaki and Harry Dent discuss exactly what is happening in the stock market, the bond market, and the real estate market. You’ll find out what Harry says he’ll be doing and what you can do to survive these turbulent times. Learn more about your ad choices. Visit megaphone.fm/adchoices

Mark Greene, a 30-year veteran UPS driver from Upstate NY, found out that the pension he and his organization’s members were counting on for their retirement security was in financial crisis. As president of the Teamsters Alliance for Pension Protection (aka TAPP), a grassroots pension watchdog organization, he led efforts to raise funds to perform the first-ever forensic investigation of The New York State Teamsters Conference Pension & Retirement Fund. The people running the pension had spent millions (money paid by workers’ retirement savings) for bad advice from so-called experts who ultimately ran the pension into the ground. Ted Siedle says “The New York State Teamsters Conference Pension and Retirement Fund did not have to collapse—gross mismanagement caused this crisis.” Listen as Robert, Ted Siedle and Mark Greene give warning to those whose pensions are ill, dying, or dead. Learn more about your ad choices. Visit megaphone.fm/adchoices

As cases continue to grow exponentially, the number of known global cases of COVID-19 passed 100,000 over the weekend. Just days ago, the World Health Organization (WHO) reported 105,586 confirmed cases across more than 100 countries and territories, and although the outbreak has been slowing in China, where it originated, the country still accounts for almost 80% of confirmed cases. Additionally, on Monday, March 9, the Dow Jones industrial average declined 2,014 points, or 7.8%, its biggest single-day loss since October 2008.While the total number of cases affecting individuals worldwide has yet to be known, there is much each of us can do to avoid becoming a victim ourselves. One thing is for sure, only you can protect yourself. In this episode, experts Chris Martenson, PhD and Dr. Nicole Srednicki joined Robert Kiyosaki to give you solutions for protecting both your health and wealth!Learn more about your ad choices. Visit megaphone.fm/adchoices

Part two of the 5 Pension Time Bombs series dives deep into how the fifty percent of Americans relying on a pension (DC or DB) are at risk of losing their wealth due to the gross mismanagement of their funds. Those that are looting the pensions of public-school teachers, firefighters, police, as well as private-sector workers, can be found on Wall Street. The Wall Street casinos are charging high fees for gambling in risky hedge funds and other speculative investments, outrageous investment-industry conflicts of interest, and outright violations of the law.According to Ted Siedle, a former attorney with the United States Securities and Exchange Commission and America’s leading expert in pension looting, “In the decades to come, we will witness hundreds of millions of elders worldwide, including America’s Baby Boomers, slipping into poverty. Too frail to work, too poor to retire will become the “new normal” for many of the aged.”One thing is certain: Doing nothing―sitting back, confident your pension check is

The most important series you’ll listen to this year!It’s estimated that there are over 50 million pensioners―in the United States alone, and like the United States, the United Kingdom, Japan, Italy, Germany and many other countries around the world are all in big trouble when it comes to the solvency of their pension funds. We are in the early stages of the greatest retirement crisis in the history of our nation and, indeed, the entire world.In this series, we’ll be answering how systemic corruption by local governments and financial institutions mismanaged the pension plans of tens of millions of people around the world—and how it will affect you, but more importantly, what you can do to protect yourself from this crisis. Listen as Robert and Kim are joined by Ted Siedle and John MacGregor to discuss how the looting of our individual wealth is well underway and it isn’t going change anytime soon.Learn more about your ad choices. Visit megaphone.fm/adchoices

Whether it’s a son of a friend who needs $250,000 to find a product and develop it, or an entrepreneur with a prospectus and alarm who needs $400k for 10 days, or a business with which you have a standing order, they all need one thing – to raise capital!Today’s guest is Daymond John, one of the stars of ABC “Shark Tank”, who sees entrepreneurs pitch deals all day long. The founder and CEO of FUBU is the author of a new book called “Power Shift” that talks about how to transform any situation, close any deal, and achieve any outcomes.In this episode of Rich Dad podcast, Robert Kiyosaki and John dive into what goes through his mind when somebody is out of touch with the world of entrepreneurship and capital raising, what turns him on or off on the deal, what happens when people he has invested in fail.There's so much to learn!Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you doing things your mom and dad told you to do? Do you have social mania and go off the cliff like everybody else in the herd? Our guest, John Del Vecchio, says to you, “I would probably hold your hand and pray with you”.John is an In-House Stock Market Guru, a Forensic Accountant (somebody who looks for the lies, cheats, and steals) for Dent Research. He is also author of a brand new book called “Unbounded Wealth”, dedicated to the mom and pop investor.If you're doing what everybody else does, you'll get what everyone else gets - mediocre performance in the markets. You're not going to be in the top 1%. If you start to do the opposite, you have a better chance. Most people do the wrong thing at the wrong time, but John can help you to not get sucked in with the crowd! Listen to this episode as we lay down how to break free and live a life on your own terms!Learn more about your ad choices. Visit megaphone.fm/adchoices

Have you ever tried downloading an App on an App store and there is this super lengthy list of things about the rules, regulations, contracts and other boring stuff that makes us just want to click that “agree” button and move on from it? This and complicated contracts, sophisticated terms, privacy standards, digitization etc, play a huge part in the money world.In today’s episode of Rich Dad podcast, Robert Kiyosaki and Paul Pagnato talk about how transparency, or lack thereof, affects people’s trust and how some companies or personalities are doing things with transparency. Paul is named Barron's top financial adviser and Forbes tops wealth advisor and author of “Transparency Wave”. We will touch base on a wide array of subjects from Wall Street to Bitcoin, pension and student loans, Bernie Madoff, shadow banking system, and more.To find out what's really going on under the sheets, listen to today’s episode!Learn more about your ad choices. Visit megaphone.fm/adchoices

There’s a question that I like to ask people, and I want you to think about your answer for a minute.“What would you do if I paid you five million dollars per year?”Would you quit your job? Would you work more? How far would you be willing to go to get that money?If you’re former NFL player Vontae Davis, a five-million-a-year paycheck wasn’t enough to keep working. Not only did he get out of playing football, but he walked off the field in the middle of the game.Why? Because of his health. He knew that continuing to play would put himself in danger and that if he didn’t leave now, he could regret it for the rest of his life.Most people, I think, wouldn’t throw away that kind of money, even if they were in that situation. We only have to look at other football stars that continue to play to see how true that is.In this episode, we talk with Vontae about his decision to walk away from guaranteed millions and how that has impacted his life. Fortunately, he was already smart about his money beforehand, and he was

We are in the early stages of the greatest retirement crisis in the history of our nation and, indeed, the entire world. One thing is certain: doing nothing―sitting back, confident your pension check is “in the mail”―is not an option. That’s a risk you can’t afford to take.According to Edward "Ted" Siedle, a former attorney with the United States Securities and Exchange Commission and America’s leading expert in pension looting, “In the decades to come, we will witness hundreds of millions of elders worldwide, including America’s Baby Boomers, slipping into poverty. Too frail to work, too poor to retire will become the “new normal” for many of the aged.”In their book "Who Stole My Pension?", the authors focus on the most misunderstood and ignored cause of the pension crisis: mismanagement of pensions and investments.Robert and Ted recount a history of pension failures, inexperienced boards, gambling, looting, and other horror stories―with a focus on action steps workers and retirees can take to quickly determ

For the last couple of years, if you heard the word collusion, chances are that you would imagine Russia helping the Trump administration win the 2016 election. While the world was focused on that, real collusion was happening between the Fed and world banks to create an economic crisis. This all started long before Trump took office, and the ramifications of it helped create the Great Recession, and we’re all still reeling from it.In today’s episode, we’re talking with Nomi Prins, author of the book Collusion. As a Wall Street insider, Nomi got a firsthand look at how the US and the Fed created a massive financial problem, both at home and abroad. We discuss the truth behind how world banks are facilitating this crisis and what average Americans can do to protect their money.If you want to find out what’s really going on behind the curtain, you need to listen to this episode. Learn more about your ad choices. Visit megaphone.fm/adchoices

At the beginning of a new year, everyone starts paying attention to their taxes. However, rather than looking ahead at their tax burden for the coming 12 months, the vast majority of people and business owners are looking at the previous year. Unfortunately, when it comes to saving money on taxes, taking that kind of approach is not going to do any good. Simply put, you can’t reduce your tax bill after the fact.In this episode, we’re talking with Tom Wheelwright, a professional tax advisor. If you’re anything like me, you hate giving any money to the government. It may sound surprising, but I don’t pay taxes. At first, you may think that I must be cheating or cooking my books, but the fact is that there are legitimate ways to reduce your tax bill to nothing or almost nothing.Tom and I discuss various ways to find these incentives that the government offers to businesses and entrepreneurs. That is, assuming that you want to pay less or nothing at all. Break the tax cycle and discover how in this episode of the