![Retire Like A Millionaire – WAKE UP! Don't Rely On Your Pension – Robert Kiyosaki [Millennial Money]](https://i.ytimg.com/vi/M7y8zcRPXqs/maxresdefault.jpg "Retire Like A Millionaire – WAKE UP! Don't Rely On Your Pension – Robert Kiyosaki [Millennial Money]")
If you think you can retire through a pension plan you’ve got your head in the sand.
This is why you should rely on yourself and not the government…
Most Americans are now concerned that company pension plans and Social Security will not adequately provide for them in their retirement years. Their concerns are warranted.
According to an article on Barrons.com, “Social Security benefits will start to exceed the program’s costs in 2020, and the program will deplete its $2.9 trillion reserve fund in 2035.
The reserves will run out a little later than the trustees of Social Security and Medicare predicted last year, but the bottom line is still the same. The program’s deficits appear vast, making it clear that the public should expect smaller benefits, higher taxes, or both.”
Over the last 40 years, Congress has approved increasingly beneficial retirement options designed to encourage Americans to save on their own for their golden years. While no Congressman will dare utter the fact that with mind-numbing trillions and trillions of unfunded obligations, Social Security and Medicare are now regarded by many as Ponzi schemes that can never be fixed, Congress has covered itself with retirement legislation. So that twenty years or so from now when the government system inevitably breaks, Congress, the institution, will be able to shake its finger at the American people and point to the IRAs, 401(k)s, Roth IRAs and the like they have created. And the message will be that the benevolent Congress gave the masses a way to save for their own retirement years ago. What will not be addressed is why the government continued to take 15.3% in payroll taxes from workers and businesses for a failed system. But that’s an issue between you and the ballot box.
The point is that to provide for your own retirement, it is prudent, as it is in all facets of life, to rely on yourself and not on the government.
When it comes to planning for the future, some real estate investors use their real estate portfolio to provide for retirement.
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How will you prepare and protect yourself from this pension crisis?
Gold
Robert's ideas about economics are thought-provoking. His ideas about politics, ridiculous.
She's adorable. Love this… millennials need this education more than anyone.
My generation doesn't even have a leg to stand on, at least in the way we've been taught.
I'm glad I came across this video, I ask politely ,does anyone know how I can go about growing $50k dollars I have? I am very open to all suggestions and recommendations. God bless
my aunt had the audacity to talk to me to get pension. me. the first generation to be born in america. had to leave the place quickly, i know she loves me and is trying to look out for me, but i will not be implemented with that limited mindset. im a entrepreneur
I don't understand the concept: if you're rich, why would you want to "retire"?
If money is not an issue, for you, and you loved what you were doing (and were good at it!) why would you ever want to stop doing it?
Thank you R&K, I love you both, you are my mastermind
I loved this but it’s a misconception about Robin Hood. He didn’t rob from rich and give to poor. He redistributed illegally seized taxes back to the people. Stories for example can become an incredible asset for one looking to inspire.
I see that in the carpenters union Biden sign it into law you can’t touch the pension fund for 30 years!
Funny she’s an employee herself
its not ridiculous!! i like some of your ideas bt u don't know or see all..its not ridiculous that everyone should have equal access to education, health care etc. education and health care as a human right do not directly corresponds to communism or total collapse of the economy..there's so much potential in humans for good..if we dont have to worry abt health care and education imagine what we can accomplise!! u sound ruthless often..what is wrong abt a world where there's less inequality?! u r lucky to be in a position to work the way u want..the circumstances of most people are such that they dont have a choice..they may look like they do bt they dont..even if they do can everyone be an entrepreneur and work or invest like u? No!! the world will always need teachers, docs, firefighters etc. r they less human cos they work for a living paycheck to paycheck?!! the govt is for the people not just 1% of the people..if you can have a govt that works for all the people what's wrong with that?! do you want the govt. or rules or regulations that work only for a few people?!! You guys are more ridiculous in that you act so superior n better than most people with a heart of stone and a mind of how to get more money for yourselves no matter the consequences and the rest of the world can go to hell???!!!
Robert and Aleksandra, thank you for continuing to do this, despite the unnecessary and negative comments. I'm learning so much and sharing this with others who WANT to learn. Thank you again!!!
hi. sorry i dont quite get why i should buy gold and silver to get an income return or saving?
lets say i buy physical silver or gold (dont know where plz tell me) or etc…it shoud be considered as long term investment?
Some guy at my job said he worked they for 40 years I asked him why
All this talk worries me about my family who is talking about retiring soon. They rely heavily on some of these topics.
For me, my current job brags about the 401k/pension plan they have for me.
My goal is to begin making more money off rental property/crypto than I do here and eventually leave this job. Being a lineman is dangerous work and not having a secure future worries me.
I'm 51 years old with no retirement plan yet,any suggestions on accumulating a million dollar portfolio within 12-18 months? I have currently saved a capital of $225k
10:38
Money is power over things, people or yourself. Things is materialism. People is tyranny. Yourself is freedom. I chose wealth for power over myself for my own personal freedom.
Because of Kyosaki I spent the last 20 years investing in real estate and now I don’t worry about this entire video.
Here, in uk most people think its mandatory for pension scheme. You, need fools to remind you what you should always not do