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Fake by Robert Kiyosaki
I first finished both “Rich Dad Poor Dad” and “Rich Dad’s Cashflow Quadrant” and have been following Robert Kiyosaki since then. When I saw that he was releasing this book, I wanted to learn from it right away.
Initially, in the book, the author shared 5 things for the future. I think that all things are important and definitely things that people may need. As the saying goes, “If you fail to plan, you plan to fail.”
Preparing for the future with the 5 G’s:
1. Gold and silver
2. Grub — food for at least 6 months
3. Gasoline, invest in oil wells, gas needed to get out of town
4. Ground, safe properties with food and water
5. Guns and ammo — protection and currency
I agree with these foundational words. People might not understand them at the level that they should and most times, I think that people definitely need to know and understand all 6 but understand flow is most important. There are many many studies available now that show high-income levels and low savings rates for many people. Why?
I would argue that a few things are the cause of that. First, people might not be truly financially educated. Second, people may not be willing to sacrifice. They may believe that…