Nomad Capitalist: So Robert, tell me about your favorite investments Robert Kiyosaki: 3 DAYS Nomad Capitalist: Ok, but specifically how would you get your money out? Robert Kiyosaki: 3 DAYS Nomad Capitalist: Whats your favorite color? Robert Kiyosaki: 3 DAYS
I like Robert but would certainly have preferred specific answers. "3 days" is far too vague. Great job pressing him for a real answer. Switzerland -- if you can afford it!
Here is why Bitcoin is not the same as gold. First, it does not have any good use case. Unlike Bitcoin, gold could be used to make jewelry. Second, it does not have limited supply. Because anyone can create another crypto that is exactly the same or even better than Bitcoin. So the supply of Bitcoin could be unlimited in that sense. Third, it is not a safe storage of value since some governments and countries have already completely band the trading of crypto. There is no value in crypto if you cannot sell it. Unlike Bitcoin, gold will always be accepted and will always be the world's place to store value.
Start your "use case" with gold or silver. Go to a car dealership and see if gold is an acceptable form of payment. See if people barter with silver. You will be sorely disappointed.
1. A currency does not need to have a use case. E.g I mean the US dollar is a piece of paper what can I use it for…… I can use it for writing???? Second….. clearly proves that you have no idea how Bitcoin works. Supply cannot be increased because the Bitcoin protocol prohibits the expansion of supply beyond 21 million….. it’s like saying the US dollar doesn’t have a limited supply because I can start my own paper currency and print it. You’re just dumb. I think in this Digital age Bitcoin has a real potential to become the new reserve currency that countries will back, instead of the Gold Standard it’ll be the Bitcoin standard. We’ve previously had the Gold Standard and we know how that played out…….it always fails because nobody can track gold and banks issue more paper than the gold to back it plus it needs to be physically transported, e.g the US promised to hold everyone’s gold but once they realised that they issued more paper than the gold backing it…they decided to keep it for themselves and the gold standard was abolished. Bitcoin eliminates all these failures inherent in gold.
Not really, how you going to sell gold back on the market, carry to post office & get robbed / lost in transit? Is it pure gold or fake gold with mixed alloy? You have no such worries when owning BTC.
sickening. kiyosaki has a hot line to god> which god? what did christ (I'm an atheist) have to say about gold and silver? so this decision is made by a religious mystic. Kiyosaki is a huckster and an imbecile. By the way, cryptos and A! are the future, not gold, and especially not silver.
While I appreciate very much that you managed to get Robert Kiyosaki to your show, it is a big name. However, it just confirmed again, that Kiyosaki usually talks a lot and says nothing. I am a practical guy who thinks in terms of actions needed to be done, reasons/pros/cons for those, comparing alternatives, quantifying qhat could be quantified and implementation details. Simple and clear. Kiyosaki tends to speak in unclear terms, when the interview pushes he helps himself with mysterious smile and long pauses. Out of respect, people do not challenge him too much. Oh, in the interview, I'd push him to the corner in 2 minutes. I feel your suffering, Mr. Nomad Capitalist.
I agree. It’s more motivational speaking / entertainment than any type of practical advice. I’m already motivated to learn new skills and make legitimate money so they don’t do much for me. They probably help other people get motivated though so I’m not hating on them.
You must not know Mr. Kiyosaki very well, he is only allowed to say so much on a youtube channel otherwise he!! nevermind if i have to tell you then you will never get it... think about it, don't say anything JUST THINK about it for a while?
For me there is only Standardingold 1.Gold-backed cryptocurrency with its own blockchain, the founder and CEO Oliver Antunovic from Vienna has proclaimed the gold standard💪
@@RhysPearson The most important lesson of financial education, never ever ever tell people how to do something. Why? Because when they fail, and most will, guess who they will blame and make responsible for their failure. Most of Roberts detractors are copycats. They are not entrepreneurs in the truest sense of risk taking. They're looking for a cookie cutter plan to follow; A brain dead get rich quick scheme. These are the just tell us what to do crowd. They want someone to provide exact what to do directions in a step by step fashion. The value of Robert's education is he illuminates how the the financial system works and what it is. It is up to individual to figure out what s/he is good at then use it to produce cash flow or extract profits from the financial system with the least penalty.
I disagree with him about mistakes. My dad drilled into my head that you don't learn from your mistakes if you work in an explosives factory. Try to lean from other's mistakes. Someone else made them before you. I've made fewer mistakes in my life than most people I know.
I don`t think Robert understood his question when he ask what can someone do in a real crash. A crash is not something where you can just relocate and step up business and live your life as normal.
Thank you such an clear interview. I particularly related to his bolt hole option. If you are taking feedback, please be aware of the very low volume of the Audio. Your Guest naturally speaks softly and it was hard to hear him at times. Thank you.
Robert always falls short it seems to me. He is riding on the popularity of his books and granted he has made much money as well as with his other ventures. He has a lot of cash but refuses to really give any useful information to help others. Why? because he has no information other than what "he is doing" but not really how he is doing it. He comes up short from one interview to another no matter what the platform or who the interviewer is.
Thanks Andrew. Great interview. Appreciate hearing the opposite side of the debt narrative. I have ascribed to the no debt narrative for decades. Obvious conclusion is borrow money to make it work for me, not borrow to have toys or things. Unfortunately I have consciously set up a wall, that wall is now coming down. I have been on both sides of this narrative but mostly the debt free side. I will be changing directions. Also looking to get residency in MX in the next year.
I've stopped doing what everyone else does. Now I stay out of debt, invest my money in more than one way and most importantly I'm ratting healthier, exercising and enjoying my family/life. No more working to buy things I really don't want.
You are right!!! Remember debt is a tool don't use it unless you have another asset paying for it. Your house can be bad debt if you are having to pay for it.
Bitcoin: avg APY: 200% Gold: avg APY:2% That's a 100x difference over the last 10 years. Would you really want to hold gold over bitcoin over the next 10?
Yes because every 6 months the btc price plumets and is quite scary for most investors I dont buy silver to make profit but to consistantly hold its value and sometimes appreciate
Nothing, because the government can never release a cryptocurrency. They can only release a digital currency. By nature cryptocurrency is decentralized, immutable, peer to peer, and secure. The government's version of cryptocurrency is nothing more than a digital dollar. Same inflation issues, same control concerns.
@@torontovoice1 wasn't being cocky or naive. I was simply stating that whatever form of digital currency the government starts can never be labeled as "crypto"......also, they can outlaw it, but they can't really stop people from using it. That's literally the entire appeal and premise of crypto......immutable and decentralized. In case you haven't noticed, countries and citizens alike are steadily losing faith and interest in the dollar. You think hedge funds, banks, investors, etc. are putting billions (and eventually trillions) of dollars into BTC just for the government to ban it? No, they aren't.
@@etiennedegaulle3817 Well the same argument can be made towards gold. In a true SHTF situation, the US can legally confiscate your gold......but guess what can be banned but not confiscated.....
@@etiennedegaulle3817 When governments outlaw or heavily regulate anything all it does is produce a thriving black market. This has been proven time and time again throughout history. If there is a demand, someone will meet that demand with supply. Deregulation = small black market. Prohibition [the outlawing of alcohol] created a huge underground market of bootleggers and runners and made many millionaires. That underground industry was toppled not with increasing regulation and harsher punishments but through legalization and less regulation. Crypto is not going anywhere. If crypto cannot operate in the open it will go underground. Free commerce between individuals is as old as civilization.
Rich missed his true calling as a politician. He never answers any questions asked, he answers what he wants to at all times. And he’s a marine. Oh boy is he a marine. Lol
So Kiyosaki bought 65 bitcoin?! Michael Saylor has over 100,000 bitcoin. I think I will follow Saylor’s advice and buy as much bitcoin NOW and CONTINUOUSLY!!
Great wisdom from Kiyosaki! Thank you! I just asked my pre-teen son over breakfast where he would go if he had 3 days, and got him to think it through and solution any loopholes. If he ever needs to, hopefully this conversation comes in handy
He knows it’s an asset class just like everything else. You don’t have to be an expert to know not to buy when there’s hysteria like Bitcoin and doge Coin has had the last few months.
Gold is the the most undervalued assets in the world, which never was bankrupt since its inception hundred of years ago! But I don't expect much growth from gold than from a promising cryptogem...like $AWC
Through financial history tangible assets afforded refuge in the face of serious to catastrophic general price inflation; particularly liquid tangible assets, which largely means precious metals. There is no reason to believe that will change during future currency collapses, particularly the global collapse of currencies we likely face now. Cryptos...we'll see. Any individual crypto might offer scarcity value if it in fact can't be debased beyond a certain point but the number of competing cryptos can explode.
0800: He waits n buys in OnLy when it's really bad he uses debt as money. He rents out property investments, tax free...and avoids stock due to TAX Too many people take advice f people who r not doin it Broker means more broke than me Security is a trap
This creep again!? Is this Part 2? Notice how he doesn't answer questions directly. He just keeps repeating his talking points no matter what he's asked. But the host is not pushing the interview at all. "Gods money"! That's so deep!! Give me a break!!
So Robert is religious & notes that Gold is God's money as it is first mentioned in the book of Genesis & 400 odd times later.Nothing strange about that.
@@Dan-sc7us :)Not that I "believe" in any religion but there's enough in quantum mechanics to make any atheist at least question their materialistic beliefs. Also when an atheist dies they can Never know if their beliefs were True & can only ever know their beliefs were wrong:)
Three days was the morning. My focus three days old. My head, it landed To the sounds of cricket bows I am proud man anyway... Covered now by three days... Three ways was the morning. Three lovers, in three ways. We knew when she landed, Three days she'd stay.
We all think Trump can “run a little hot “ … but it’s his policies …. We love his policies. Can any of your subscribers think of politicians across the world who will help us to “roll back “ bloated governments? (maybe Bolsanarro? Orban? … hopefully in France, Le Pen next …??)
Is it just me but does Andrew at times seem somewhat elitist in the way he acts it's not all the time and there is much to learn here but something I just noticed
@@keithledford6652 same. I’m in Tennessee, but I’m putting together a gtfo plan, out of the states too. I can’t believe Robert doesn’t seem to have an out of the country plan. I’m sure Andrew will get him thinking more.
If the world collapses to the point where you need to escape in 3 days, where do you go? I would think the US would be one of the best places to be: liberty minded people, gun ownerships, self sufficient farm etc. What would be better?
@@TwoDollarGararge yes but similarly ideological people will move to the same area. That's what's happening in Florida. Aside from a small isolated island, I'm not sure I'd rather be anywhere else but Florida when the shit goes down.
You can see Kiyosaki is a Trump Lover, he also colors his hair. 😂😂 Embrace your age you ignoramus. Andrew, please stop hosting him, he’s seriously ruining your reputation. Keep politics away from your channel