Rich Dad Radio Show: In-your-face Advice On Investing, Personal Finance, & Starting A Business
Is your money safe in the bank? Here's what you need to know.
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:40:32
- More information
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Synopsis
Is your money safe in the bank? Here's what you need to knowIn this emergency podcast episode, Robert Kiyosaki and Andy Schectman discuss the potential risks of having money in regional banks. They explain that national banks are considered "too big to fail" and are backstopped by the federal reserve, while regional banks are not guaranteed to be bailed out in the event of a failure. The hosts emphasize the importance of understanding where your money is held and the potential risks involved, and suggest investing in tangible assets like gold and silver coins to protect one's finances. They also discuss the possibility of hyperinflation and the need for interest rates to spike to compensate for inflation.-----Please read carefully.This is not financial advice.You may be asking, “what does that mean?”Let me explain…Do not just do what I, my team or my guest says. That would be stupid and irresponsible. Take the education, then use your own brain and make your own decisions.YOU must take responsibility for your