Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

If Robert Kiyosaki had to start over with just $10,000, here's exactly what he would do — and it's NOT what your financial advisor would tell you. In this episode of The Rich Dad Radio Show, the author of Rich Dad Poor Dad reveals the $10,000 mistake that keeps most people poor, the one question to ask before trusting anyone with your money, and the single skill that generates cash flow and income you control — no salary, no boss, no permission required.

In this compilation, economist Jim Rickards discusses his concept of the "New Great Depression," distinguishing it from a recession by defining it as sustained below-potential economic growth. He explores the inflation-deflation debate, emphasizing declining money velocity as a deflationary force despite expanding money supply. Rickards predicts gold could reach $14,000-$15,000 per ounce if tied to a gold standard, while critiquing the Federal Reserve's forecasting models. He advises investors to diversify across stocks, gold, real estate, cash, and Treasury notes, and references Warren Buffett's moves into gold mining as validation of his bullish outlook on precious metals.


00:11 The New Great Depression
01:04 Defining a Depression
03:12 Inflation vs. Deflation
05:22 What is Money Velocity?
06:19 Why People Aren't Spending
06:55 Revisiting the Definition of a Depression
09:43 The Case for a $15,000 Gold Price
10:52 History of the Fed
13:25 Financial Panics and the Gold Standard
14:28 The 1929 Stock Market Crash
17:24 The Fed's Forecasting Models
20:11 The Problem with Elites
21:52 Investment Strategy for Deflation
23:46 Calculating the Price of Gold
25:41 What a High Gold Price Means
26:38 Why Warren Buffett Bought Barrick Gold

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Get your free Rich Dad's Guide to Silver and discover one of the best ways to start investing in silver now: Visit RichDadLovesGold.com or take out your phone and text the word GUIDE to 24999. U.S. Residents Only.

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Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.

The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.

The richest man I ever knew... took a dime away from a nine-year-old kid.
And it was the greatest gift anyone ever gave me.
Today — the lesson schools will NEVER teach.
Why the rich don't work for money...
The four things they do work for instead...
And the ONE question that set Robert Kiyosaki free at twenty-five.
If you've ever lived paycheck to paycheck... this episode is about YOU.
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How to find real estate deals is one of the most important skills for building long-term wealth, and this Best of Ken McElroy compilation brings together some of the Rich Dad community's best conversations on finding, financing, and improving investment properties.

These interviews feature Ken McElroy explaining why successful real estate investors don't chase perfect properties—they look for opportunities where better management, strategic improvements, and strong cash flow can create significant value.

In this compilation, you'll learn:
-Why professional investors often buy properties others avoid
-How property management creates wealth—not just property ownership
-The difference between good debt and bad debt in real estate investing
-Why cash flow matters more than speculation
-How value-add investing increases both income and equity
-Why building the right team is essential for scaling a real estate business
-How experienced investors analyze deals before committing capital

Ken also shares why many first-time investors struggle, how due diligence uncovers hidden opportunities, and why successful investors focus on improving properties instead of hoping prices rise. Throughout these conversations, Robert and Ken explain how debt, taxes, property management, and cash flow work together to build lasting wealth.

Whether you're buying your first rental property or looking to grow a larger portfolio, this compilation provides practical lessons from decades of real estate investing experience.

00:00 Introduction
00:33 Scaling With OPM
01:12 Why Teams Matter
03:19 Ken's Origin Story
04:19 Good Debt Strategy
08:32 Cash Flow Deals Today
09:33 Value Add Explained
12:07 House Hacking Path
13:31 Renter Nation Trends
15:07 Cash Is Trash Ad
16:36 Management Saves Deals
19:31 Turning Ugly Properties
22:42 Start Small Then Scale
24:18 Due Diligence Truth
28:18 Friendship And Wrap Up

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For the first time ever, more central banks plan to cut their dollar holdings than increase them. The dollar's share of global reserves just hit a two-decade low. Rich Dad has been saying it for decades — cash is trash. When the world's central banks are selling dollars and buying gold, what does that tell you about your retirement? Get the free Rich Dad Wealth Kit from Priority Gold: https://ef.prioritygoldpartners-17.com/58GQMR/JTCNH9/?sub2=0708&sub3=YT Text GUIDE to 24999 or click the link above. U.S. Residents Only.

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Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.

The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.

The U.S. is broke. So why is it lending billions to the Gulf right now?
$38 trillion in debt. Can't balance a budget. And yet Washington is handing emergency dollars to Saudi Arabia and the UAE — countries that don't need charity. It looks like a broke man bailing out his rich neighbor. Except it's not what it looks like. It's a trick.