Episode Details

Today, we're diving into the wisdom, And perhaps the warnings, Of one of the most iconic voices in personal finance, Robert Kiyosaki.

Now, you've probably heard his famous advice: 'Buy assets, not liabilities,' or his stories about the Rich Dad and the Poor Dad. But here's the thing - hile Kiyosaki's early lessons transformed the way many of us think about money, his more recent tone has taken a darker turn.

But today, Ken Raiss, Director of Metropole World Advisory, and I discuss, what's still relevant, what's changed, and how can we apply his insights to today's market, especially here in Australia.

Takeaways

· Wealth is built by acquiring assets, not liabilities.

· Your mindset significantly influences your financial outcomes.

· Education is essential, but experience teaches valuable lessons.

· Taking action is crucial; waiting for perfect conditions can hinder progress.

· A strategic plan is necessary for successful investing.

· Mistakes are opportunities for learning and growth.

· Surround yourself with supportive and successful individuals.

· Long-term investment perspectives yield better results.

· Economic uncertainties are inevitable; prepare for them.

· Financial independence allows for greater life choices.

Links and Resources:

Answer this week's trivia question here - https://www.propertytrivia.com.au/

· Win a hard copy of What Every Property Investor Needs To Know About Finance, Tax And The Law

Listen Now