Rich Dad Radio Show: In-your-face Advice On Investing, Personal Finance, & Starting A Business

Robert Kiyosaki, host of The Rich Dad Radio Show, is joined by John MacGregor, author of 'The 10 Top Reasons Why Rich People Go Broke.' They discuss the severe financial challenges many people, particularly those relying on 401k and IRA plans, might face due to systemic flaws and lack of financial education. The episode emphasizes the importance of being proactive, educating oneself, and understanding how to manage personal finances independently instead of relying on traditional financial planners or quick-fix solutions. Kiyosaki and MacGregor stress the significance of the 'Cashflow' game and personalized strategies for financial stability. 00:00 Introduction01:39 The Birth of 401k and Financial Planning03:55 The Problem with Financial Advice05:43 The Importance of Financial Education06:11 John McGregor's Financial Journey07:06 The Flaws in Traditional Financial Planning08:27 The Role of Behavioral Change in Financial Success19:53 Discussing Money Strategies with Friends20:31 The Simplicity of Trading Optio