I just finished watching Robert Kiyosaki and Steve Forbes speak on “Stocks, Politics, and the Economy: Prudent Strategies” at the Forbes.com iConference.
Here are a few bits of wisdom Robert offered:
“The biggest thing about financial intelligence is knowing when to save and when not to save.” (He pointed out that in today’s economy, he’s not saving — he’s investing!)
“Banks will always give me money for real estate.” (Banks typically won’t give you money to invest in stock)
“If you’re going to invest today, invest globally.”
“The tax code incentivizes the entrepreneur and punishes the employee.” (Become an entrepreneur to build your wealth and to take advantage of the tax breaks the tax code offers.)
In a comment about today’s political situation, Steve Forbes noted: “Never underestimate the power of politicians to muck things up.”
A concise summary of the discussion is: Increase your own financial IQ so that you can take care of yourself regardless of what happens to the economy.