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Good news: Crashes are the best time toget rich.
Bargains will float to the surface.
Just because prices are falling, do not get greedy.
Wait until prices have bottomed and no one wants the asset you want.
Of course, its not easy to tell when the market has reached the bottom.
Buyers start coming out of the woodwork, while sellers have declined.
you’re able to also look at the stock market volatility indexVIX.
Invest time to get into the head of the teacher.
Learn the fundamentals of your investing strategy of choice.
If you want to pick individual stocks, learn fundamental analysis.
If you want to invest passively inreal estate syndications, learn how to analyze them for risk.
Taxes: Tom Wheelwright.
Stocks: John MacGregor.
Oil: Mike Maucelli.
Plenty of great educators exist in the space and so do many charlatans.
Be very careful who influences your brain, your attitude and your spirit, Kiyosaki wrote.
But most fail to heed that advice, because its hard to change your social circle.
Seek new friends who are on the same path you are on, Kiyosaki wrote.
Instead, look forself-made successful people, who fly on the same trajectory you want to follow.
Own your own business.
AI is going to wipe out millions of jobs.
Start a small business and become an entrepreneur… not an employee afraid of losing their job.
Owning your own business puts you in a position to benefit from rapid changes in technology and the economy.
Rather than seeing threats and playing defensively, it’s possible for you to chart your own course.
Fake money U.S. dollar, euro, yen, peso goes down in value.
Kiyosaki remains an outspoken skeptic of fiat currencies.
To guard against inflation, he loves real assets, such as precious metals and real estate.
More recently, he has embraced cryptocurrencies as another alternative to fiat currencies vulnerable to inflation.
it’s possible for you to think of market crashes as a catastrophe.
Kiyosaki concluded, Take care and make this crash the best thing that ever happened to you.
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