Robert Kiyosaki has been the ultimate financial doom and gloomer. He’s been calling for a major all-around asset crash for years. Here are a few of his INSANE predictions and how much $ you would have LOST if you followed him:

Discretionary consumer spending is having a moment according to BOA. Before you say it's only rich people spending, take a look at the lower and middle income discretionary spending trends (they're holding up). Spending on airlines and leisure has been highlighted.

2 reasons why the stock market won't crash, even though consumers feel terrible about this economy:

Wild to see these words in an S-1 “Sufficiently advanced AI systems could ... pose catastrophic or existential risks to humanity.” (Anthropic S-1)

Billionaires have done more for my life, and helped me generate more wealth (through investing in their companies) than anyone who hates billionaires. The top 1% pays 40% of U.S. federal tax revenue. The top 10% pays over 70%. You can tax them more, sure. However, I don’t mind at all that they exist and keep creating products and services that make my life better.

This is in the same vein as my Tesla YL test drive experience. A small % of the population has experienced FSD or robotaxi/cybercab. Those of us who have are EXCITED about the future and technology.

I just test drove a Tesla model YL (self-driving) and I can confirm we’re all living like plebs manually driving our cars. Wow… just wow!

JP Morgan has released their return forecast for Bitcoin over the next 10 years. Base case +10% annualized return (beating equities) Bull case +16.6% annualized return Early Bitcoin investors have reaped the rewards of a new asset, being rewarded with 62% annualized returns over the past 10 years. If you don't own any Bitcoin, are you reconsidering your portfolio allocation to add it?

Is this what living “paycheck to paycheck” means now?

Sticky high prices + higher interest rates = Unaffordable and people with low rates staying in place

This interview done by @ramit was fascinating. $50,000 of net income from a business, a $9 million net worth and this couple doesn't know how they will pay for their life. As a financial planner I wanted to ask many follow up questions. Here's my quick take and lessons to be learned:

Stock pickers and day/swing traders : I’m wondering how AI has changed your trading strategy and routine? E.g. - Are you still doing manual scans for charts, or letting AI find everything for you? I want to know how it’s helping you, or what has been overrated. 👇

This was a great debate. Facts were provided followed by respectful discourse. We need more of this in order to try to solve problems. Enough with the angry politics and debates where people just scream at each other and name-call.

The 30 year mortgage rate chart looks like a banging breakout is setting up ... let us hope not...

People I knew were foreclosing on their homes. They had to move, get roommates, etc… I was lucky at the time and worked in insurance, so I didn’t feel the unemployment hit, but, I saw what it did to people around me. My mom went from making six-figures selling new homes to nothing in the blink of an eye. It was ugly.

Perhaps learning about total return would help this person.

YAY for Capitalism. We need this so badly … I’m in remote places a lot and this would change the game.

Which direction would you MOST support for U.S. retirement policy (Social Security) ?

If you think Social Security is a scam, you likely have parents who are financially secure. If your parents rely on Social Security, you’re probably very grateful for it. 75% of seniors on SS rely on it for half or all of their income. There are even children getting benefits as well as disabled individuals. It’s a very important program that needs to be adjusted, but still provided.