STOP Saving Your Money - Do THIS Instead! | Robert Kiyosaki

About this video

• Video Title: STOP Saving Your Money - Do THIS Instead! | Robert Kiyosaki
• Channel: The Iced Coffee Hour Clips
• Speakers: Robert Kiyosaki
• Duration: 00:09:27

Overview

This video features Robert Kiyosaki discussing his controversial view that "savers are losers." He explains that saving traditional currency is detrimental due to inflation and government printing of money, contrasting it with the value of real assets like gold, silver, Bitcoin, Ethereum, and income-generating properties. Kiyosaki emphasizes the importance of investing in assets that generate income and can be depreciated, and highlights the mindset and social circles that contribute to wealth accumulation. The video also includes a sponsored segment for Helium Mobile.

Key takeaways

• "Savers are losers": Kiyosaki argues that saving fiat currency is a losing strategy due to inflation, and advocates for investing in real assets instead.
• Value of real assets: Gold, silver, Bitcoin, Ethereum, and income-generating properties are presented as sound alternatives to saving cash, as they are not subject to government printing and devaluation.
• Importance of mindset and education: Kiyosaki stresses the need to change one's internal "tape" or mindset about money by reading books, studying, and associating with financially successful individuals.
• Assets over money: The rich, according to Kiyosaki, work to acquire assets that generate income, rather than simply working for money.
• Depreciation benefits: Investments in areas like oil and real estate offer tax advantages through depreciation, which can significantly reduce tax burdens.