VIDEO: Here’s the Real Problem for America’s Middle Class
By Royal A. Brown III
One of best videos I’ve ever seen on wealth management.
It’s 45 mins long but well worth watching. Robert Kiyosaki’s (author of Rich Dad, Poor Dad) advice is to invest in things you are interested in and can touch, feel, see e.g. real estate, gold, silver, fine arts, jewelry, classic cars, cattle, etc. and less so in more risky stocks, bonds, mutual funds, insurance based annuities, futures, etc.
Kiyosaki talks about the government sponsored Revenue Act of 1978 that created 401(k) contribution retirement plans where people must contribute and mostly consist of stocks, bonds, mutual funds whose value are subject to volatility of the markets over which they have little control. These largely replaced most of the Defined Benefit retirement plans wherein a company guarantees retirement income for life.
Of course members of Congress with their ability to conduct insider trading (illegal for the rest of us) can obtain the best of all investment worlds and most get rich as a result.
©2025 Royal A. Brown III. All rights reserved.
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