Is Robert Kiyosaki right? Is Cash Trash? Here Are My Thoughts... / Garrett Gunderson

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"I help people build sustainable wealth, increase monthly cash flow, and Live Their Richest Life without using budgeting or limiting your lifestyle along the way.” ~Garrett Gunderson
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DISCLAIMER CONT'D: Garrett Gunderson is not a licensed financial advisor. He is an Entrepreneur, Wealth Strategist, and Author of the New York Times and #1 Wall Street Journal bestselling personal finance book - Killing Sacred Cows: Overcoming the Financial Myths That Are Destroying Your Prosperity. He is not providing you with financial advice in these videos. This video, the topics discussed, and ideas presented are Garrett's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.

[JohnVieceli]

Garrett your commentary on this video is pure gold brother! First I would take from the 11-minute mark on until around 13:30 and chop it up and make it into shorts. This 2.5-minute segment is what I think really separates you from the others...your concept of Investor DNA, the importance of cash flow, and your positivity versus the negativity we see so much of today. Create value in the world. Learn, solve problems. One last note, Bitcoin is open to everyone and controlled by no one. It is a true unimpaired asset. I know Boomers are scared to buy Bitcoin due to its perceived volatility, but I would view it as a hedge against the fiat currency. It's insurance.

[realestaterevenue]

I agree. I prefer assets that produce cash flow. Fascinating and valuable. Thanks!

[ThriveAliveJoshua]

Love you man! Thanks for continuing to inspire and share!

[korenw]

❤ Do we focus on the doom and problems or do we focus on what we personally can do and solutions, skills and contributing and relationships😁🌻

[thesurvivalist.]

I converted 90% of my cash into Gold and Silver 10 months ago!

I do believe in passive cash flow, I refuse to invest in our stock market!

[philosophyze]

Speaking as someone who bought physical gold and silver years ago I have been convinced that the $USD financial system doesn't work how either Robert or you are describing it.

Jeff Snider and Brent Smith have a different take on the dollar (George Gammon interviews them regularly). I agree with them that the $USD is a global currency so you have to split the discussion into the global impact of the dollar and domestic impact.

If it weren't for the BRICS currency because of the US government using sanctions as a weapon I wouldn't be worried about the dollar. It is in real danger for the first time in a generation.

The issue is liquidity of the system vs accumulation. QE works backwards than how thé Fed intended because real liquidity are US Treasuries and other collateral denominated in USD. QE sucks liquidity (aka debt aka money) OUT of the system by the Fed buying Treasuries and QT puts liquidity back into the global banking system by selling them.

[georgina]

I listened to Robert. Things are changing all around us....

[chickencharlie]

If things totally collapse as Robert predicts, guns and ammo will b far more valuable than gold and silver.

[TheBlizzkon]

gold, silver or whatever have value because we all decided that it have some value.
supply and demand

[ajones]

this is what happens, people like robert get rich, then write a book about how they got rich, which makes them richer but doesn't exactly outline how they got rich, yeah we get it you use debt to get rich, but how and when should we take on massive leverage to buy assets to cash flow. then finally take all the profit from the book and invest in gold and stocks, but mostly stocks because gold doesn't really go up in value all the much.

[theodoreroberts]

Look, the powers that be are headed in that direction and there is little to nothing we can do about it, except prepare.
Money is going to go digital and everyone's life will change.

[dbanks]

Omg you're missing the point
The majority of kiyosaki's wealth is held in multifamily real estate and other businesses.
He simply saying that the bulk of his cash position is in physical precious metals.
Discussing the decline of the dollar isn't being negative
It's being realistic
It's happening in real time, and our government is not going to make any changes to stop it

[roggie]

You need to get yourself a 100 trillion dollars Zimbabwe note I have one of those