A 401K is only good for people who are planning to be poor when they’re retired

Robert Kiyosaki : Life is a point of view, you know, and which side of the view are you on? You’ve really gotta be playing the game from the side of the rich ‘cause if you’re not, you’re getting crushed right now. Buy a house – that’s a joke. Get out of debt – that’s a joke. You’re supposed to be getting into debt. And you put your funds, your money, in say in a 401K and a 401K is only good for people who are planning to be poor when they’re retired. So, I don’t have any plans of being poor, so I don’t have a 401K. If you’re not gonna get educated and understand that the whole game is rigged by the rich, and once you figure out the rules of the rich, then you play by the rules of the rich. And everybody else is kind of just being whip-sawed right now and it’s quite a tragedy. We haven’t seen the worst yet. You know, there was a Great Depression? Well, the new depression is gonna make the Great Depression look like a golf visit. - in Goldseek Radio

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki The 401k, is earned income

Robert Kiyosaki : “When you put your money in a 401k, it’s earned income when you pull it back out. It goes in as portfolio, but comes out as earned; so it’s the most highly taxed income there is. That’s why I don’t have a 401k, I want as little earned income as possible, but I want as much passive as possible because it pays less tax. I can pay zero tax on passive; fifteen percent on portfolio and earned income I would be in the fifty percent tax bracket. The harder you work for money, the more you are taxed, the harder your money works, the less it is taxed; which is why the 401k is so deceptive.”

Robert Kiyosaki : why I dont have a 401k

Rich Dad Robert Kiyosaki explains the difference between an earned income and a passive income and why you should not own a 401K , Robert Kiyosaki : “When you put your money in a 401k, it’s earned income when you pull it back out. It goes in as portfolio, but comes out as earned; so it’s the most highly taxed income there is. That’s why I don’t have a 401k, I want as little earned income as possible, but I want as much passive as possible because it pays less tax. I can pay zero tax on passive; fifteen percent on portfolio and earned income I would be in the fifty percent tax bracket. The harder you work for money, the more you are taxed, the harder your money works, the less it is taxed; which is why the 401k is so deceptive.” in a recent interview with the Philippe Matthews Show

No Job No 401k No Savings Robert Kiyosaki

Robert Kiyosaki explains why you should not have a job nor a 401K nor savings in the banks , cause your money will be losing value by the day Inflation will kill your savings you need to HEDGE! “Of the three religions, Christianity, Judaism and Muslim, did you know that they all outlawed interest? It’s against religious tenants to charge interest. Lending money isn’t bad – interest is bad. That is why the richest people on earth are via interests – did you know that? Why do people own banks? Because every dollar you put in there, you can lend out twenty times. That’s why they tell you to save money. It’s called the velocity of money. They tell you to park your money and they move your money. This is a very different philosophical thought pattern. You are getting one percent on your dollar and let’s say they are getting five percent; but they are getting five percent on twenty dollars. Kiss my ring on that one! That is why the rich get richer. Greenspan printed one trillion dollars in 2003, but your savings are less and less. This is why I don’t have a job, nor a 401k; and I don’t have savings.” in an interview with Philippe Matthews Show

A Stock & Bond Market Collapse is Coming - Most IRAs & 401Ks Are About to Get Hammered Got Silver?

A Stock & Bond Market Collapse is Coming - Most IRAs & 401Ks Are About to Get Hammered  Got Silver? Jay Carter, host of http://www.FinancialSurvivalRadio.com... fears a stock and/or bond market collapse is imminent, and yet most IRA or 401K holders aren't doing anything to prepare for the coming economic emergency