Second Chance For Your Money and Your Life: Robert Kiyosaki Video

A-Second-Chance-for-Your-Money-and-Your-Life

Today I thought I would do something a little different from my usual posts. I have decided to offer my opinion and share with you the important lessons learned from a Robert Kiyosaki video I recently watched. The video is called Second Chance For Your Money and Your Life. This video is an overview on the book he wrote. Which you can pick up over on Amazon right here: Second Chance: For Your Money, Your Life and Our World

Part One

The Second Chance For Your Money and Your Life begins with Robert Kiyosaki explaining that in order to see the future of the economy, its imperative that you study the past, or past events. This all started for Robert way back in 1967. He decided to go see a man speak in Montreal Canada. That man was none other than Dr R Buckminster Fuller.

If your not familiar with Fuller and his work. Fuller was a futurist, he was one of the first men to systematically define how you and I can see the future.

Understanding past events is one of the biggest keys in increasing your financial education. In this Robert Kiyosaki video Robert explains that it wasn’t until 1981 when he had the opportunity to study with Dr Fuller, that he wasn’t just looking at the future of where the financial markets were heading. Bucky was also studying past events to understand where humanity as a whole are heading.

So the biggest lesson to take away from part one for me was need to understand past events to help predict the future. You see once you can understand that the politicians, bankers and corporations that run our economy are on a collision course with disaster you can make those necessary changes and you too will get that second chance for your money and your life.

Part Two

“Insanity is doing the same thing over and over again, expecting the same results.” – Albert Einstein 

You can not carry on living expecting to get a “second chance for your money and your life.” if you continue to do the same things over and over again. In part two of this Robert Kiyosaki video, Robert explains how our politicians and bankers keep making the same mistakes over and over again, expecting the economy to improve. You know it really is true what Albert Einstein said in the quote above. He also said that “You can’t solve a problem with the same mindset that created it in the first place.”

Robert Kiyosaki produced this video because there is a lot of confusion about this global economic crisis. He explains that there are always three sides to every coin. On one side you have the politicians saying; “Hey look don’t worry, everything is fine. The economy is coming back!” On the other side you have people going crazy saying; “The worlds going to end, we’re all doomed, buy guns, buy food go into hiding.”

In order to best understand you need to learn to stand on the edge of the coin and see what both sides are saying. Do some research, then make up your own mind where we are heading. That’s how you should look at the issues that face the economy today.

Part Three

“If cash is trash……. What is Financial Education?”

In 1971 president Nixon took the US Dollar off the Gold standard and from that moment on money became debt. This gives the US the ability to print money at will.

Robert explains that the problem with this current system is that the education system never changed to keep up with how the current financial system runs. We have a huge gap between the rich and the poor. The middle class is being completely wiped out.

There are lots of people out there getting extremely angry at the rich, but if your going to angry at anyone you should be getting angry at the school system. Our current school system is just setting up our kids to fail. Gone are the days that you can go to school, get good grades and then get a good job. Then work hard and save, then retire on your savings. This is an obsolete idea.

So when it comes to education you’ll have to decide if your second chance for your money and your life is in traditional education or financial education?

The most important things to understand when it comes to financial education are these three areas.

  • Debt
  • Taxes
  • Markets

Look at the cashflow quadrant below and decide if your second chance for your money and your life will be on the E&S side? or the B&I side?

 

robert kiyosaki video

Second Chance For Your Money and Your Life: Robert Kiyosaki Video

Robert Kiyosaki Audio: What is Your Life’s Purpose?

In this audio below Robert Kiyosaki is asked a question from one of his listeners. “What was the most important thing Dr Fuller taught you?” His answer is truly powerful and puts life into perspective. So enjoy this audio recording.

 

 

So there you have it, the lessons I took away from this Robert Kiyosaki video: A Second Chance for your money and your Life. I hope you got value! If so, I would greatly appreciate if you commented below and shared on Facebook.

To your Success,

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Billy Jury: Marketing Blog

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