2016 Global Financial Crisis – Prediction By Robert Kiyosaki

Back in 29 November 2015, Robert Kiyosaki, author of the best selling book Rich Dad, Poor Dad came to Singapore for his Masters of Wealth 2015 tour and he shared about his prediction of the global financial crisis coming in 2016.

Robert Kiyosaki is an American businessman, investor, author, financial educator and a motivational speaker. He found his fame through his best-selling financial book Rich Dad, Poor Dad and created an entire series of financial education tools including 26 books, games, seminars, blogs, coaching, and workshops. He also created the Cashflow game that teaches financial education through a board game. I first read his book Rich Dad Poor Dad back in 2000.

At age 25, I had no idea what he was talking about. I had a job and an easy life. Life was good. The second time I picked up this book was 10 years later. At age 35, I started to have a young family. I see things from a different angle and this time the book made sense to me. In fact, I finally understood the difference between making passive income versus earning an active income. Life has never been the same since.

At the MOW seminar, Robert shared the different mindsets of people who work for money and those who makes money work for them. He also shared his latest book Second Chance, published January 2015 about his prediction on the 2016 economic crisis. I have recorded his session for my personal use.

You can view his video about his book Second Chance and his prediction here.

Now as we are only in the early 2016, I am already seeing many news about not only the economic conditions but also the impact on companies. As reported by investopedia.com, here is an article about the 6 factors that points to the financial crisis in 2016.

6 Factors That Point to Global Recession in 2016

We have only been into the first month of 2016, and I am already seeing on my Facebook newsfeed of companies cutting of jobs around the world. Check out some of the news that have been circulating online.

  1. Barclays lets go some Singapore staff as bank said to cut over 1,000 jobs worldwide
  2. SHELL: We’ll cut 10,000 jobs
  3. Schlumberger Lays-off 10,000 As CEO Warns That E&P Faces A Deepening Financial Crisis
  4. Petronas looks into retrenching some of its 51,000 employees
  5. 20,000 lost their jobs in 2015, worse in 2016, says employers’ group
  6. More job cuts on the cards as oil and gas players struggle to stay afloat
  7. EMC, VMware, IBM, etc.: Here Come 333,000 Layoffs in Tech, Opines Global Equities

I mean it is just the beginning. People are beginning to lose their jobs all over the world. There is cause for concern.

“We live in Singapore”, you may say. “Don’t worry. The government will take care of us.” As what Robert has said in the MOW seminar, Singapore is indeed financially strong. However, this time we are all facing a global financial crisis and this means the States, China, Europe and all over the world will be affected and when this happens, Singapore can not escape on its own.

Look at these news on our local property market.

  1. Over 100 property agencies closed shop, over 3,500 agents left the industry: CEA
  2. Singapore office landlords have that empty feeling
  3. Foreign purchases of Singapore homes hit 7-year low as Chinese sales plunge

Are these not causes for concern? Are you still certain there is such a thing as job stability? Do you not worry about how your company will do when financial crisis hits a small country like Singapore? Are you not concerned if you can still keep your ‘rice bowl’?

Fortunately, for a certain group of people, there is always opportunities to be found among crises. These group of people can be investors, traders, entrepreneurs who choose to think different and act different. These people have the courage to act when things are going against them and not accept the circumstances. These people are financially educated and motivated to be different. Firstly, they make a choice to be educated. Schools don’t teach you about wealth. Schools teach you to study hard, get a job and work to retire. But when crisis comes, schools don’t prepare you for them.

So my advise to you if you are reading this post is to start thinking about your future in the coming crisis. I have a feeling this is going to be a big one that will probably take years to recover. Meanwhile, what is your plan? Do you have a Plan B? The least you can do to help yourself is to educate yourself better financially. There are many courses that you can take up to learn. Hit the library. Books are free there. Google about passive income and learn about them. Be open to changes and they will serve you and your future. Will this crisis bring misfortune? Or will this crisis be your

Second Chance: for Your Money, Your Life and Our World?

Click on the image to read reviews on the book

Victor Lee is the owner of imVictorLee.com. Passionate in Affiliate Marketing, Personal Development and Training, Victor hopes to equip more people with skills and knowledge not just to make money online, but to have financial and time freedom for the things that matter most.
Click Here if you would like an opportunity to work with Victor.

About The Author

Victor Lee

Victor Lee is the owner of imVictorLee.com. Passionate in Affiliate Marketing, Personal Development and Training, Victor hopes to equip more people with skills and knowledge not just to make money online, but to have financial and time freedom for the things that matter most.
Click Here if you would like an opportunity to work with Victor.

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