(Photo via Twitter)
The stock market was in panic when Robert Kiyosaki stated in his interview with Karen Davila "not to invest in the stock market."I am not surprised at all.
He's very vocal on his stand against it.
But before we throw our opinions in the air, let's look and watch what he really meant.
I find his interview funny (in a good way) as the topic gets heated between savings and debt.
Most probably, people would really do not understand his principle unless they read the "Rich Dad Poor Dad".
I liked it and actually read it once and listen to its audio book.
His stories are eye-opener and would really make you think twice on things.
I previously posted Jack Ma's interview. He made good points then.
Now, let's see how this interview with Robert would impact us and our financial literacy.
Watch HERE
Just in case this video won't work click the link above.
Very poor interview, Karen had a very hard time understanding Robert's principles due to her lack of financial literacy resulting to poor repetitive questions w/c also caused her to jump into conclusions rather than asking 'What do you mean by that?". If you try to analyze carefully you will realize that each one had core values that contradict each other. Robert comes fom the perspective of freedom while Karen as she mentioned, that she has a job - an 'E' who went to school to study hard, get a job and work for money. A person who has a core value of security.
ReplyDeleteWhen Robert says something about employees, job, school which obviously Karen went through, it seems to me that she felt insulted. Maybe she didn't had enough time to read Rich Dad Poor Dad or CashFlow Quadrant but even though she did, it will take her time trying to understand Robert's concepts because changing values is not as fast as reading a book. On the technical side, what made this interview much more worse was Karen does not understand as simple as what a financial statement is or the difference and meaning of an asset or liability to the poor/middle versus the one with the rich. This interview would have been much better if what Robert did was just explain the Cashflow Quadrant as an answer. It's far more understandable and a wider audience would relate, including Karen.
I disagree. To me, Karen knows what Kiyosaki is trying to say, but as an anchor, Karen is trying to ask Kiyosaki to say more for the sake of the viewers who do not have a clue of what Kiyosaki is saying. But Kiyosaki won't tell anything because he is there endorsing his book. In short, he's saying "buy my book, the answer is there."
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