The RICH Vs POOR Mindset EXPLAINED! - Robert Kiyosaki & Dave Ramsey | Lewis Howes | Summary and Q&A

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December 20, 2020
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Lewis Howes
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The RICH Vs POOR Mindset EXPLAINED! - Robert Kiyosaki & Dave Ramsey | Lewis Howes

TL;DR

The pandemic is an opportunity to cultivate a rich mindset and take control of your finances.

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Questions & Answers

Q: What inspired Robert Kiyosaki to change his poor mindset into a rich mindset?

Kiyosaki shares that his biggest failure as an entrepreneur made him realize the importance of changing his mindset. He had to adapt and find new opportunities, leading him to create a successful product that transformed his financial situation.

Q: Why does Dave Ramsey emphasize the need to answer the phone during a crisis?

Ramsey believes that crises like the current pandemic should inspire people to take action and strive for wealth. He urges individuals to change their lives rather than succumbing to fear and being passive.

Q: What is the biggest crisis after the pandemic, according to Robert Kiyosaki?

Kiyosaki suggests that pension crashes will be the next significant crisis following the pandemic. He explains that the current economic situation is causing pensions to collapse, leading to financial challenges for many individuals.

Q: How does Dave Ramsey advise people to handle their investments during a crisis?

Ramsey warns against making impulsive decisions out of fear or greed during a crisis. He emphasizes the need to stay calm and think rationally, ensuring that investments are not driven by desperation or a desire for quick money.

Summary & Key Takeaways

  • Dave Ramsey and Robert Kiyosaki share their experiences of overcoming financial challenges and turning them into opportunities for growth.

  • They emphasize the importance of mindset and the need to change from a poor mindset to a rich mindset.

  • Both speakers highlight the significance of learning from failure and taking risks to achieve financial success.

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