Introduction
Robert Kiyosaki, the renowned author of the best-selling book Rich Dad Poor Dad, recently shared insights into how he accumulated his wealth. In a social media post, Kiyosaki emphasized the significance of startups in resources as the future of the stock and bond markets, rather than traditional Silicon Valley technology startups. Let's delve into the details of his journey and the strategies he employed to achieve financial success.
Rich Dad Poor Dad's Success
Rich Dad Poor Dad, co-authored by Robert Kiyosaki and Sharon Lechter, has enjoyed tremendous success since its publication in 1997. The book has consistently remained on the New York Times Best Seller List for over six years and has been translated into 51 languages, with more than 32 million copies sold across 109 countries.
Vancouver Resource Investment Conference (VRIC)
Kiyosaki disclosed that he will be one of the keynote speakers at the upcoming Vancouver Resource Investment Conference (VRIC) on January 20-21. He expressed his belief that this event is the most important investor conference for 2024. According to Kiyosaki, the future of the stock and bond markets lies in startups in the resource sector, not in traditional tech startups.
Kiyosaki's Start as a Startup
Kiyosaki revealed that his journey began as a startup at the VRIC 25 years ago. He encouraged others to join him at the conference to be part of the upcoming investment boom in the resource sector. His personal experience attests to the potential for success in this industry.
The Vancouver Resource Investment Conference
The VRIC is organized by Cambridge House International, a company specializing in organizing and promoting investment conferences in the resource sector. The event will bring together over 300 junior mining companies to showcase the exploration and production of critical commodities that are essential for the world's progress in the 21st century.
Entering a New Era
Cambridge House CEO Jay Martin believes that we are entering a new era of de-globalization. Trust in global trade has shifted irreversibly, and demand for key resources is expected to skyrocket. This shift presents significant opportunities for investors seeking valuable commodities.
Real Money in the Resource Sector
In an interview at last year's VRIC, Kiyosaki stated that the resource sector is where real money is made. He acknowledged that he learned more about entrepreneurship, business, and global trade from his experiences in the resource industry than from any other source. Kiyosaki advised young people to prioritize real-life experiences and cautioned against relying solely on textbook knowledge gained from traditional educational institutions.
The Importance of Resources
Kiyosaki emphasized the critical role that resources play in the world. He highlighted the fact that the world runs on resources, making them an invaluable asset in investment portfolios. Kiyosaki personally expressed interest in gold, silver, and copper as valuable commodities.
Gold and Silver Investments
Kiyosaki has consistently endorsed gold and silver as sound investments, particularly during uncertain times. He revealed his ownership of substantial amounts of gold and silver, demonstrating his confidence in these assets. Additionally, Kiyosaki has shown support for bitcoin, considering it as one of the best investments for volatile market conditions.
Conclusion
Robert Kiyosaki's success story serves as an inspiration for aspiring investors. His emphasis on startups in the resource sector and his personal experience at the VRIC highlights the potential for wealth creation in this industry. Kiyosaki's endorsement of gold, silver, and bitcoin further reinforces the importance of diversifying investment portfolios. For those looking to build wealth, Kiyosaki's insights and advice offer valuable guidance.
What are your thoughts on Robert Kiyosaki's strategies and explanations regarding his wealth accumulation? Share your opinions in the comments section below.
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- 7 U.S. Code SS7 – Designation board of trade as contract marketplaces
- 26 U.S. Code SS 408 – Individual retirement plans
How To
The History of Gold as an Asset
From the very beginning of time, gold was a currency. It was accepted worldwide and became popular due to its durability, purity, divisibility, uniformity, scarcity, and beauty. In addition, because of its value, it was traded internationally. There were different measures and weights for gold, as there was no standard to measure it. For example, one pound sterling in England equals 24 carats; one livre tournois equals 25 carats; one mark equals 28 carats; and so on.
In the 1860s, the United States began issuing American coins made up of 90% copper, 10% zinc, and 0.942 fine gold. This led to a decrease of demand for foreign currencies which in turn caused their prices to rise. The price of gold dropped because the United States began to mint large quantities of gold coins. Due to the excessive amount of money flowing into the United States, they had to find a way for them to repay some of their debt. They decided to sell some excess gold to Europe in order to do this.
Most European countries distrusted the U.S. Dollar and began to accept gold as payment. Many European countries started to accept paper money as a substitute for gold after World War I. The value of gold has significantly increased since then. Even though the price of gold fluctuates, it remains one the best investments you can make.
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By: Kevin Helms
Title: Robert Kiyosaki Reveals How He Built His Wealth
Sourced From: news.bitcoin.com/rich-dad-poor-dad-author-robert-kiyosaki-shares-how-he-made-most-of-his-money/
Published Date: Wed, 27 Dec 2023 01:30:09 +0000
