Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business - Understanding the Impact of Overvalued Market Conditions

Understanding the Impact of Overvalued Market Conditions

03/27/24 • 31 min

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Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

Guest host Tom Wheelwright who is filling in for Robert Kiyosaki, speaks with guest Bob Prechter, who discusses the current state of the economy, the overvaluation of markets, and his theory of socionomics.
Prechter, the visionary behind Socionomics and author of "Last Chance to Conquer the Crash," shares his insights on the patterns of social mood and their impact on various societal aspects, including the economy and stock market. The conversation dives into the phenomena of market manias, propelled by excessive valuations in areas like tech stocks, cryptocurrencies, and real estate, despite broader market challenges.
Prechter and Wheelwright discuss the potential implications of rising interest rates on the federal debt and the broader economy, and how individuals can prepare for potential crashes through safe investment strategies. Additionally, the discussion touches upon the influence of socio-economic conditions on presidential elections, with a focus on the upcoming U.S. election and historical analysis of stock market trends pre-election. The episode concludes with advice on financial preparedness, emphasizing the value of treasury bills and floating rate notes as safe investment options amidst market uncertainty.
**Elliott Wave International has an exclusive offer for Rich Dad listeners: Get Bob’s report, “Preparing for Difficult Times”-- normally $50 -- FREE. And his book, Conquer the Crash, at nearly 2/3 off. The offer is good for a very limited time. Just go to https://www.elliottwave.com/richdad

Previous Episode

The Insider’s Guide to Wealth with Real Estate

In this episode of the Rich Dad Radio Show, Robert Kiyosaki, alongside real estate mogul Ken McElroy, dives deep into the world of real estate investment, offering unparalleled insights that could potentially alter your financial future. With over 25 years of friendship and millions in earnings together, Robert and Ken share their journey to becoming titans in the real estate sector, all while paying minimal taxes.
They share personal investment stories including their successful partnership in real estate that has earned them millions with minimal tax expenses. They discuss the keys to finding good deals, the mistakes new investors make, and the potential of raising capital without relying on one's money. They highlight the concept that the best deals are never advertised and caution against jumping into investments without proper knowledge.
Why Watch? If you've ever dreamt of emulating the success of real estate tycoons or wondered about the true assets that can fill your pockets, this episode is your treasure map. Unravel the mysteries behind bubbles in real estate, stocks, and bonds, and discover why the aftermath of a market crash might be your golden opportunity. Delve into the significance of property management, the art of leveraging debt, and why your house might not be the asset you think it is.
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See important disclosures at masterworks.com/cd
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Please read carefully.
This is not financial advice.
You may be asking, “what does that mean?”
Let me explain...
Do not just do what I, my team, or my guest says. That would be stupid and irresponsible. Take the education, then use your own brain and make your own decisions.
YOU must take responsibility for your future and your success. That is why you are here. Neither I, or my team, or my guests, know your risk levels, prior education, emotional maturity, or how much money you can afford to lose.
We are only telling you what we believe to be smart moves. But you must decide for yourself. There are NEVER guarantees.
Also understand that we are REAL teachers. We practice what we preach. With that in mind we often invest in the very projects that may be mentioned on this show. While it is never our intent, we could possibly profit from others investing in our recommendations.
Take the education we provide but then determine your own actions. If it does not make sense to you, get more education before you invest. We will continue to provide education and there will always be more opportunities.

Next Episode

Real Estate Investing Tips for 2024

In this episode of the Rich Dad Radio Show, guest host Ken McElroy fills in for Robert Kiyosaki, discussing the transformative financial journey of Jaron Sustar, also known as the Finance Cowboy. Starting with a significant amount of debt due to student loans and consumer choices, Jaron and his wife decided to break the cycle of living paycheck to paycheck. By focusing on real estate investment, they managed to become millionaires by the age of 29. Throughout the episode, Jaron shares insights on overcoming financial hurdles, the importance of financial education, leveraging other people's money for investments, and the power of networking to find and fund deals. The discussion also covers common misconceptions about real estate investing and practical tips for aspiring investors looking to scale their operations and achieve financial freedom.
-----
See important disclosures at masterworks.com/cd
-----
Please read carefully.
This is not financial advice.
You may be asking, “what does that mean?”
Let me explain...
Do not just do what I, my team, or my guest says. That would be stupid and irresponsible. Take the education, then use your own brain and make your own decisions.
YOU must take responsibility for your future and your success. That is why you are here. Neither I, or my team, or my guests, know your risk levels, prior education, emotional maturity, or how much money you can afford to lose.
We are only telling you what we believe to be smart moves. But you must decide for yourself. There are NEVER guarantees.
Also understand that we are REAL teachers. We practice what we preach. With that in mind we often invest in the very projects that may be mentioned on this show. While it is never our intent, we could possibly profit from others investing in our recommendations.
Take the education we provide but then determine your own actions. If it does not make sense to you, get more education before you invest. We will continue to provide education and there will always be more opportunities.

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