What Really Changes After Age 50 (And Why Most People Aren't Ready)

Summary

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Podcast Summary: "What Really Changes After Age 50 (And Why Most People Aren't Ready)"

Rich Dad Radio Show
Host: Robert Kiyosaki
Guest: Hal Elrod (author, The Miracle Morning, The Miracle Morning for Those Over 50)
Date: January 21, 2026

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Overview

In this episode, Robert Kiyosaki welcomes Hal Elrod, best-selling author of The Miracle Morning series, to discuss his latest book, The Miracle Morning for Those Over 50. Together, they explore the unique challenges and opportunities of life after 50, including longevity, financial preparedness, shifting purpose, and maintaining vitality. The episode balances actionable health and mindset advice with candid discussions about the pitfalls many face as they age—particularly around money and meaning.

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Key Discussion Points & Insights

The Reality of Aging and Financial Preparedness

• Changing Landscape of Retirement:

  • Traditional defined benefit pension plans have mostly vanished in favor of 401(k)s and IRAs.
  • Boomers now risk outliving their money since defined contribution plans require personal investment and discipline.
  • “For most boomers, we're the first generation that didn't have what's called the defined benefit pension plan... The 401K basically means if you don't donate to it, you don't get anything.” — Robert Kiyosaki [02:37]

• Longevity’s Double-Edged Sword:

  • Modern medicine allows people to live longer, but many underestimate the amount of money needed for an extended retirement.
  • Social Security was designed in an era when most people didn’t live past 65, creating underappreciated financial risk for today’s retirees.

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Miracle Morning Adapted for After 50

• Purpose and Relevance:

  • Hal Elrod created this version with Dwayne J. Clark, a longevity expert, specifically for the needs of aging adults.
  • The new book addresses purpose, finances, health, and daily habits for those over 50.
  • “Dwayne, having cared for over 80,000 people in the second half of their life, that's what the majority of the book is.” — Hal Elrod [05:41]

• Morning Routines That Shift with Age:

  • Key practices are updated:
    • Move alarm clocks? Not always! For many over 50, natural waking is better than alarms.
    • Simpler, more accessible exercise (e.g., stretching in bed, balancing on one foot while brushing teeth).
    • Adjusting habits to reflect physical changes, focusing on sustainability and individual ability.

• Customization and Flexibility:

  • The six “SAVERS” practices (Silence, Affirmations, Visualization, Exercise, Reading, Scribing) are modified for age and capability.
  • “They're all customized for folks over 50. And then there's a lot in the book...about finding purpose after 50 and how important that is.” — Hal Elrod [11:10]

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Health, Vitality, and “Nature’s Biohacks”

• Biohacking vs. Basics:
  • High-tech wellness tools (red light therapy, PEMF machines, oxygen saunas) are great but expensive.
  • Most powerful “biohacks” are free and available to all:
    • Grounding (barefoot on grass/earth)
    • Getting morning sunlight to reset circadian rhythms and boost Vitamin D
  • “Don't invest a dollar in those [technologies] until you’re using nature's biohacks that have been around for millions of years.” — Hal Elrod [09:40]
  • Notable quote: “I've got...some doctor talked about from Stanford. You get 10 minutes of sunlight every day...Technology cost you nothing.” — Robert Kiyosaki [09:40]

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Purpose After 50: Meaning, Community, and Activity

• Losing Purpose is Lethal:

  • Retiring from work can lead to loss of life purpose, with studies showing increased mortality after stop working if no new meaning is cultivated.
  • Social connection, hobbies, and contribution are crucial.
  • “There's no sense living like a...sweet potato in a bed or something all day long.” — Robert Kiyosaki [13:29]

• Personal Examples:

  • Robert finds purpose in teaching—even as he nears 80 (“I love what I do...my spirit comes alive.” [18:10]).
  • Hal's mother finds meaning by bringing joy, hosting social events, and volunteering.
    • “It's about quality over quantity...Just change your world...Change the lives of the people...you live with and your friends. That's what purpose is really about.” — Hal Elrod [22:20]

• Positive Attitude and Longevity:

  • Hal shares lessons from his 93-year-old grandmother: daily lemon water and “positive, positive, positive” thinking as secrets for a long, happy life.

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Financial Mindset and the Harsh Reality for Boomers

• Financial Illiteracy and Denial:

  • Many over 50 have not shifted their financial mindset, believing “I got time” or over-relying on 401(k)s.
  • Those who lack wealth by 50 are unlikely to suddenly gain it unless they actively change their habits and mindset.
  • “If you’re 50 and you’re not a multimillionaire, there’s something wrong. There’s something seriously wrong.” — Robert Kiyosaki [27:27]

• The Coming Storm:

  • Kiyosaki warns of impending financial corrections:
    • S&P 500 and real estate bubbles, especially office buildings; flawed advice from financial planners.
    • “Most of these financial planners who should be arrested and put in jail, they put people in things like, oh, as safe as a bond. Well, there's nothing safe out there.” — Robert Kiyosaki [28:53]
    • Gold, silver, Bitcoin, and Ethereum as “sound money” recommendations.

• The Importance of Mindset:

  • Financial well-being ultimately comes back to a willingness to learn and change:
    • “If you're poor at 50, you'll probably be poor at 80. I mean, if you don't have it in your hands by 50, there's something wrong.” — Robert Kiyosaki [25:20]
    • The Cashflow board game and Monopoly as tools for changing “how you think about money.”

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Memorable Quotes & Moments

• On Changing Habits Past 50:
  • “It’s hard to change after 52. Yeah, your brain gets as stiff as your joints do.” — Robert Kiyosaki [29:23]
• On The Power of a Morning Routine:
  • “If you win the morning, you set yourself up to win the day...in a peak physical, mental, emotional and spiritual state first thing in the morning.” — Hal Elrod [29:41]
• On Joy and Purpose:
  • “Do the work that makes your spirit happy. If you do that, the rest of you is going to be happier than ever.” — Robert Kiyosaki [18:38]
• On Community and Aging:
  • “I meet other people who don't have that or they don't have their friends anymore. Like this year alone I had three friends die, all younger than me...It's kind of lonely. You go, you know, you just be able to call them. They're gone.” — Robert Kiyosaki [12:59]

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Key Timestamps

| Timestamp | Segment/Discussion | |-----------|---------------------------------------------------------------------------------------------------| | 01:26 | Robert introduces Hal Elrod and the “over 50” Miracle Morning concept | | 02:37 | Shift from defined benefit to defined contribution plans and financial worries for boomers | | 05:41 | How the new Miracle Morning book is customized for those over 50 | | 07:34 | The science (and affordability) behind longevity “biohacks” and nature’s free hacks | | 09:40 | Morning sunlight and grounding as a biohack | | 11:10 | SAVERS routine modifications and the importance of purpose after retirement | | 12:58 | Discussing purpose, loneliness, maintaining social connections | | 13:48 | Hal's grandmother's longevity: positive thinking and lemon water | | 17:34 | Robert on teaching and finding purpose in later life | | 18:36 | Hal’s mother’s legacy of joy, purpose and community | | 23:25 | Adapting financial mindset after 50 and Kiyosaki’s warnings about market corrections | | 28:26 | The precarious state of real estate markets and dangers of outdated financial advice | | 29:22 | On how hard it is to change financial mindset/flexibility after 50 | | 29:41 | Reframing mindset via Miracle Morning routines: joy, vitality and purpose |

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Conclusion

Robert Kiyosaki and Hal Elrod deliver a candid and sometimes sobering conversation about the very real changes—both physical and financial—that take place after age 50. While The Miracle Morning for Those Over 50 offers practical habits to maintain health, happiness, and meaning, Kiyosaki’s sharp warnings about financial preparedness underscore the stakes. The episode is rich with advice for living fully and wisely in the second half of life, with the consistent message that both money and meaning must be actively nurtured, no matter your age.

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Recommended for:
Anyone approaching or over 50, family and caregivers of aging adults, those concerned about financial independence in retirement, and long-time fans of Rich Dad or The Miracle Morning series.

Transcript

[Radio Host]

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[Hal Elrod]

This is the Rich Dad Radio show.

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The good news and bad news about money. Here's Robert Kiyosaki.

[Robert Kiyosaki]

Hello, hello, hello, Robert Kiyosaki, Rich Dad Radio show broadcasting from Phoenix, Arizona. And it's either heaven or hell. And right now, it's heaven. It's the most beautiful time of the year. So we have a very important show today and it's a guest I've had on before and I read this book years ago. It's called Miracle Morning. His name is Hal Elrod and he's come out with a new book called Miracle Morning for those over 50 Vol guys like me. And I think that's highly appropriate because I was just thinking about this, how, you know, when Social Security came up, it was 1936 or something like that. FDR brought it in that says retirement age was 60 or 65.

[Hal Elrod]

Oh, wow.

[Robert Kiyosaki]

Never expected anybody to live that long, huh? Back in the 30s, our life expectancy was like 50.

[Hal Elrod]

Yeah.

[Robert Kiyosaki]

And so what's happening today is that guys like my generation, boomers, were living longer and longer. Longer, which is the good thing due to medical. Medical, you know, medical is keeping us alive longer.

[Hal Elrod]

Yeah.

[Robert Kiyosaki]

For me, from the money side, there's a lot of boomers who are going to run out of money. I Think I hope I'm wrong, but we're due for a huge market correction and everybody looks at the s and P500. And for most boomers, we're the first generation that didn't have what's called the defined benefit pension plan. Defined benefit pension plans, like Ford Motor gave it to you, or General Motors, where you got a guaranteed payment for the rest of your life. The boomers of the first generation with a defined contribution, it's called a 401k or an IRA. So your book, you know, Miracle Morning for those over 50, very appropriate because the good news is we're going to live longer. Yeah, that bad news, you might be. Might be broke, you might be homeless.

[Hal Elrod]

So anyway, my dad is 67, I believe, and he, you know, he's dealing with that concern of he's healthy as a horse, going to live a long time, and, you know, and, and so he's kind of hanging on and not, you know, and not ready to retire because he just wants to make sure that he's set up financially.

[Robert Kiyosaki]

You know, like I said, it's one of the biggest changes around was that the shift from defined benefit to defined contribution, that is the 401K. And the 401K basically means if you don't donate to it, you don't get anything. Yeah, because before you didn't have to do anything, you got something. So that's why your book, Miracle Morning for those over 50, crucial. Because the good news, you'll live longer. Bad news, you might be sleeping in a trailer someplace.

[Hal Elrod]

Well, hopefully it's a nice trailer that keeps you safe. But yeah, the miracle morning after 50, I mean, that was the inspiration. Is my co author for that book. I don't believe you've met him yet, but his name is Dwayne J. Clark and he is the founder of Aegis Living. So it's a senior living center. They're all over America. And he actually came to me and he read Miracle Morning similar to you in his 60s. And he said, hal, you know, this book changed my life and I'm in my 60s. And he cares for people, over 80,000 people that he's cared for in their 50s, 60s, 70s, 80s, 90s and beyond. And he said they really need, you know, they need the Miracle Morning in the same way that you've talked about it, Robert, that it helps you start your day in an optimal state and then you show up at your best, whether it's to your health or your finances or whatever you apply, you know, your miracle morning to.

[Robert Kiyosaki]

So Let me ask this question. Miracle Morning was a great book because it's how you start your day, frames it, you know, use it today. But I'm honest, I haven't read over 50 yet. Yeah, but what's the difference between your first book, Miracle Morning, and then for those over old guys like me?

[Hal Elrod]

Yeah, well, you know, the, the Miracle Morning book series. And if anybody's watching, you can see behind me there's about a, you know, a dozen or so titles. The Miracle Morning for college students, for real estate agents, for salespeople, for writers, you name it. And I wasn't planning on doing another Miracle Morning book. But the, the series, all of the books in the series, only the first three chapters support the entire original Miracle Morning book. And the next seven or so chapters is completely original content based on the expertise of whichever co author, because I wrote all of the books with a co author. So Dwayne is an expert in longevity. I have no expertise in longevity except that I, you know, I, I'm a healthy person. I study health and that kind of thing. But Dwayne, having cared for over 80,000 people in the second half of their life, that's what the majority of the book is. And even the Miracle Morning aspects, Dwayne completely customized them to be for folks in an older age. And one. Robert, this is kind of funny, but the original book I talk about, you know, move your alarm clock across the room. It's one of the, the keystone tips I give in that book, and that helps you get out of bed and now you're awake and that's how you beat the snooze button. Well, Dwayne said, hal, I haven't used an alarm clock in years, and I don't believe in alarm clocks. I think we should wake up naturally with our body. And I was so, you know, convinced that, no, no, this is such a great strategy. And he swung me to his way of thinking, and I haven't used an alarm clock in the last year, you know, and so, but the book really focuses on purpose. After 50, on finances, after 50, on health and longevity. After 50, and how the Miracle Morning supports you in all of those aspects of your life.

[Robert Kiyosaki]

So what does a person have to do? Let's say, what about longevity? How do you add life to your life?

[Hal Elrod]

So, I mean, there's, you know, we, one of the things that we talk about in the book is we separate kind of two categories, and there are all of these. You're familiar with biohacking, Robert, that term, biohacking. Have you Heard of that?

[Robert Kiyosaki]

Oh.

[Hal Elrod]

So biohacking is very popular today. And it's, it's basically using all these technologies to optimize your health. So red light therapy is an example. Ozone sauna is an example. PEMF post electromagnetic frequency machines that give you a subtle electrical charge. All of these things are being studied and used to improve your health and longevity, but they're all relatively expensive. You know, a good red light therapy machine might cost you $1,000. So would a sauna. So would all these things. And so for the average person, that might not be feasible. So in the book, we talked about the science behind things like earthing. Literally putting your feet on the ground, ideally in the morning when the weather permits, and connecting your body, which is literally, it's a battery, right. It conducts electricity and standing on the bare earth. And that connection that we are designed to be connected to earth, and yet most of us are spending most of the day indoors. And when we go outdoors, we've got tennis shoes on. And we're not connecting, we're not grounding. We talked about first light, the benefits of seeing sunlight first thing in the morning, and how that not only feeds you with vitamin D, but it sets your circadian rhythms so that you have more energy throughout the day and you sleep better at night. So my point is, we really focused in the book that we talked about red light therapy and all of these biohacking technologies, but we really said, look, these are great, but don't, don't invest a dollar in those until you, you're using nature's biohacks that have been around for mil, you know, millions of years.

[Robert Kiyosaki]

That's good advice I've got. Who is that? Some doctor talked about from Stanford. You get 10 minutes of sunlight every day. Yeah, because we don't get enough sunlight.

[Hal Elrod]

Yeah, yeah, that's good. Technology cost you nothing, right? It cost you. It doesn't cost you a dollar.

[Robert Kiyosaki]

Yeah, yeah, that's important. So anything else you want to say about that or.

[Hal Elrod]

Yeah, you know, one of the example, one of the things that we talk a lot in the book about, and again, Dwayne, my co author, really led this is ways to move your body. So one of you know, you know, the E in savers is exercise. Well, if you're in your 50s or 60s or 70s or 80s or 90s, right. Depending on your physical abilities, exercise might look very different. And so Dwayne did so does some really simple things as part of his miracle morning. One of them is every morning he stretches in bed as soon as he wakes up, he does about a five minute routine under the covers where he does, he rolls his ankles and his wrists and he has this whole routine that he does. It takes a few minutes, but it wakes up his body. And then he stands on one foot while he brushes his teeth. And that might sound crazy, but he quotes this study where it improves your balance and, and he's done it every day for years, you know, maybe decades. And so he's got great balance and he is now 67 years old. How old are you, Robert, if you don't mind me asking?

[Robert Kiyosaki]

80.

[Hal Elrod]

You're 80 already? I, I thought you were 72. You're. You, you look great for 80. And I'm not just saying that. But at 67 years old, he's still doing, you know, push ups and sit ups and, but he does them modified. He can't do them like when he was younger. So, so really the whole miracle morning, the practices, the savers, silence, affirmations, visualization exercise, reading and scribing for the someone that doesn't know, those are the six practices of the miracle morning in this book. They're all customized for folks over 50. And then there's a lot in the book which we can talk about if you want at some point, about finding purpose after 50 and how important that is because so many folks, it's like once they retire, there are statistics that Dwayne shares about how soon people die after they retire because that was their purpose of why they woke up, they had to get to work, they had to meet deadlines. And now that they don't have that, we've got to cultivate purpose within ourselves.

[Robert Kiyosaki]

I agree wholeheartedly. I mean, I just talking about that to my friend. I'm working harder now than ever before.

[Hal Elrod]

You are?

[Robert Kiyosaki]

I love what I do. Like I'm going to be teaching In Vancouver, the VRIC Vancouver Resource Investment Conference.

[Hal Elrod]

Okay.

[Robert Kiyosaki]

And January 25th and 26th is a plug. But I enjoy it. I enjoy this. I get paid a lot, but I don't do it. I don't need any more money. Yeah, but it's the, it's feeling that my work or my life has importance yet that's crucial.

[Hal Elrod]

Yeah.

[Robert Kiyosaki]

And I mean I meet other people who don't have that or they don't have their friends anymore. Like this year alone I had three friends die, all younger than. And it's kind of lonely. You go, you know, you just be able to call them. They're gone. Yeah. One guy died of pancreatic cancer. Another guy, it's really tragic. Probably the happiest guy I know, he committed suicide.

[Hal Elrod]

Oh my gosh.

[Robert Kiyosaki]

He would be the last guy because he was always happy. Yeah, happy, happy, happy, happy, happy guy. There's no guarantee how long you'll live, but sure, it's, there's no sense living like a, you know, a sweet potato in a bed or something all day long.

[Hal Elrod]

Yeah.

[Robert Kiyosaki]

Yeah.

[Hal Elrod]

Well, my grandma's 93 years old and you know, I sent her a copy of the book, of course and you know, she always, every time I talk to her she reminds me that you know, she is all about positive thinking. Positive. She says positive, positive, positive. Hal, you can't think negatively. You've got to think positively. So she's got the right mindset that's allowing her at 93 to still be active and go to church and she interacts with you know, her friend groups. But then also I was talking to my, my mom was visiting. She left this morning. She is 67. I have a funny story about her and the new book. But she told me that you know, her, her mother, my grandma, the 93 year old grandma I mentioned, she has drink lemon water every day for, since she was, since my mom was a kid. And I really believe, and we talk about the, you know, there is science behind how lemon and salt, how it alkalizes your body and so on and so forth and, and it was, you know, I think that really is one of the secrets to longevity is simply squeeze some lemon in the water every day and, and it does so much to detoxify your blood, alkalize your system and so on and so forth. And you know, my grandma's living proof. I would say if she had to sum up her secret to success and living long healthy life. It's lemon water every day and a positive attitude. I think that's what she would tell you.

[Robert Kiyosaki]

That's good news. Okay, we'll take a break. We'll be right back with Hal Elrod, author of the Miracle Morning. His latest book is called Miracle Warning for old guys like me over 50 and I, I had no idea how much a difference a few years can make in your life.

[Hal Elrod]

Oh wow.

[Robert Kiyosaki]

I'm looking forward to reading your book. And we'll be right back. Talking more to Hell Hillrod. Be right back.

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[Robert Kiyosaki]

Welcome back. Robert Kiyosaki Rich Dad Radio Show Commercial Message we're talking about Jael Elrod, author of Miracle Morning for those over 50. His first book, Miracle Morning is fantastic. But one of the things I found out for guys my age, I'm actually not 80. I'm 79 this year. That's close enough. But it's crucial to have a purpose in your life. And for me, the thing I love doing more is teaching. And I teach my cash flow board game. You know this game here? All over the world.

[Hal Elrod]

Wow.

[Robert Kiyosaki]

So I'll be at the VRIC Vancouver Resource Investment Conference for those who are interested in gold and silver. And then I'll be in Charlotte, North Carolina on February 3 for Aspire a S P I R E. It's a financial seminar and personal growth. So again, I love teaching. It keeps me alive. Travel kind of gets to me over distances, but once I'm teaching, my spirit comes alive.

[Hal Elrod]

Yeah. And so you and I share that in common.

[Robert Kiyosaki]

Robert for those of you doing anything, you know, hopefully you're doing work that makes your spirit happy. If you do that, the rest of you is going to be happier than ever. So, Al, what else can a person do over 50 that's different? You know, like, there's one book I was reading by Dr. Ati, I think his name is, and I didn't, you know, I didn't know until I read the book. He says when you hit 75, the bottom drops out. What? Because what happened for me, I didn't know I went right past 75 and I kept working the same way I was working before I was 75, as Dr. Atia is all over YouTube and it talks about exercise and all that. But at 75, my mistake I made was I didn't change what I was doing. I can still teach as much. I can still do what I love, what I was doing. But at 75, life changes. So that's why when I saw your book, new book coming out, Miracle born of old 50, I said it's appropriate because sometimes when you're young, you don't know what it feels like to be old.

[Hal Elrod]

Sure.

[Robert Kiyosaki]

And that's the hard part. And as best prepare for old age, if you're lucky, you'll live to old age. If you're really lucky, you'll be dead before, like some of my friends are. But it's all life and death and your friends are crucial and all that stuff. Anything else Hal can tell us about it?

[Hal Elrod]

Yeah, you know, I, you mentioned purpose, and that's a big, that's one of the big themes of the miracle morning after 50 is finding your purpose after 50 and, and, and, and really emphasizing, you know, as you're approaching retirement. So whether you're already retired or that you are approaching retirement, maybe it's five or 10 years off, but that you already are thinking about what's life going to be like so that it's meaningful and purposeful after retirement. And I use my mom as an example. She, you know, she's never told me what her purpose in life is, but observing her, there's two things I would say that come up for my mom. Number one is she, she volunteers. She's always volunteered since I was a kid. But to this, it's more important now. She sits with people who are dying in hospice. She has donated blood as often as she's allowed to for the last, you know, 50 years. She volunteers at the Elks Lodge and she's, she's always volunteering and she always has. However, What's. If I really look at a deeper purpose for my mom, it's to bring joy to the lives of other people. My mother, every week she hosts karaoke parties at her house. She goes dancing at least once a week. She is. And so she's always. And all of her friends, Robert, she's 67. All of her friends are in their 70s, 80s and 90s. And she brings them out of their homes. She. And she gets them dancing and singing and playing board games and living life. And I was, I told her this when I picked her up from the airport the other day. I said, mom, I don't know if you ever thought about this, but this is how I see your purpose. You are just a source of love and light and joy. And you don't just do it for yourself selfishly. You grab everybody around you. You say, hey, let's go have a great time. And it really resonated with her. And she said, no, yeah, you're, you're actually, you're right. It brings her joy, just like teaching brings you joy, Robert, but you're enriching the lives of the people who you're teaching to. And she's enriching the lives of all of these friends and people around her and, you know, people. I actually made a documentary for my mother last year. It's a 10 minute documentary. Anybody can watch it on YouTube. It's called Julie. Her name is Julie. J U L I E. And I made that documentary and we went and interviewed her friends and again, they're all in their 70s and 80s and 90s. And they just said, she makes everybody happy. Happy. She is the life of the party. She, you know, and I just thought what a great legacy for her. She, you know, she's, she's not changing millions of lives. And to me it's about quality over quantity. I think many people think I've got to change the world. No, just change your world. Change the lives of the people that you live with and your immediate family and your extended family and your friends. And that's it. As she's changing the lives of the people who she loves. And I think that's what purpose is really about.

[Robert Kiyosaki]

Yeah, well said. That's very well said. I agree wholeheartedly. And then my subject is money. What does a, what does a person over 50 do about their money? Because like I said, I think The S&P 500 hope I'm wrong. I think we're in for a major correction because we, we pumped too much fake money into the system. Yeah. Our national Debt is now $38 Trillion. $38 trillion in national debt and rising. So like I said, Social Security was made for people live to 60. Yeah. Now people are going beyond that. Social Security and Medicare possibly going to run out of, possibly will run out of money. So what does, what do you recommend for people to hang on to their money or make sure they have enough money to get them through old age?

[Hal Elrod]

Yeah. I would honestly say. Listen to Robert Kiyosaki. This is, it's not, this is not my expertise and I've learned a lot from you also. It's not my, you know, I've done well for myself financially, but I'm only 46 years old, so. Right. So I don't, I don't have the real life experience that I would speak from in my 60s, 70s, 80s, so on and so forth. Now my co author is a self made billionaire, so he also is in a different level of financial security. And so while we touched on that in this book, I would not tell anyone to read the miracle morning after 50 for financial advice. That is absolutely. Yeah. I would lean toward, you know, Rich dad radio and any books on retirement, you know, on how to succeed in retirement. Have you written any books that are specific to that, that genre of how to do well in retirement or are they more just general financial.

[Robert Kiyosaki]

It doesn't make any difference if you're rich or rich or you're poor.

[Hal Elrod]

Yeah.

[Robert Kiyosaki]

What happens for many people is their mindset doesn't change. Yeah. If you're poor at 50, you'll probably be poor at 80. Yeah. I mean, if you don't have it in your hands by 50, there's something wrong. But you try and tell that, oh, I got time, I got time, I got time. Or I have a 401k. And like I said, the baby boomers are the first generation with a 401k or an IRA. The boomers are the first generation that if they run out of money, they're out of money in retirement. That's why I wrote this book here, who Stole My Pension? And what's happening on Wall street right now is they're stealing pensions. So they're going into like teachers and pilots. As a pilot, I pilot. My friends all became commercial pilots. I had enough flying and their pensions got stolen. So when they were 65, they went, wait a minute. So they had to go back to work at 65. So a lot of people don't take money too seriously because they've had it for. It was easy. Yeah. My experience is is when you pass 65, if you don't have money now at 65, you got some big mindset changes to make. So that's how the cash flow board game and all that is to change your mindset, you know, because the reason I like board games is my rich dad taught me everything. Playing Monopoly.

[Hal Elrod]

Yeah.

[Robert Kiyosaki]

You know, and I play Monopoly in real life. Today I own hotels and apartment houses. I use debt and all this. But there's guys like Dave Ramsey, who is a good friend of mine, he says left debt free. And that's good advice, too. If you don't know anything about debt.

[Hal Elrod]

Yeah.

[Robert Kiyosaki]

You know, you shouldn't go get into debt. And there's a bunch of characters. I won't mention their name because they're always attacking me. They tell people stupid things like, go and buy a $20 million apartment house, then figure it out. I'm going, what? As you know, there's a lot of bad information out there.

[Hal Elrod]

Sure.

[Robert Kiyosaki]

Well, the most important thing is a person has to do what they know they can do. And unfortunately, many people, if you're not. If you're 50 and you're not a multimillionaire, there's something wrong. There's something seriously wrong. Because I think if I'm wrong again, we're heading into a rough economy. You know, we pump so much money into. The economy is called the everything bubble.

[Hal Elrod]

Yeah.

[Robert Kiyosaki]

You know, it's going to crash. So the S and P goes down. My generation, a boomer generation, and all they got is our house. Oh, my God. So anyway, that's. That's. That's kind of my shtick and all this.

[Hal Elrod]

Yeah. Robert, what do you see happening in the real estate market? I mean, I feel like it should have crashed. You know, I feel like they're just pinning it up, and it should have crashed five years ago. You know, minimum. We had our big crash in 2008, and it's been, what, 17 years going on. 18 years since. Since then. What do you see with the future of the real estate market here in the next couple years?

[Robert Kiyosaki]

Well, as most people know, the biggest disaster is office buildings because, you know, the technology changed again, and so people don't go to offices anymore. So these REITs, you know, most of these financial planners who should be arrested and put in jail, they. Well, they put. They put people in things like, oh, as safe as a bond. Well, there's nothing safe out there.

[Hal Elrod]

Yeah.

[Robert Kiyosaki]

Because technology is changing everything so quickly.

[Hal Elrod]

Yeah.

[Robert Kiyosaki]

Office buildings, they're putting people in REITs, real estate investment trusts, and office Buildings are the biggest disaster going. And so these stupid baby boomers. Oh, my financial plan is to do this. I said, you know, well, your financial plan to guarantee it. I've, I've, you know, for most of my life, I said gold, silver, and today Bitcoin and Ethereum.

[Hal Elrod]

Yeah.

[Robert Kiyosaki]

You know, just something that is sound money. Yeah, I think that's crucial, except that it's hard to get people as, you know, Hal. It's hard to change after 52. Yeah, yeah, yeah. Your brain gets kind of as stiff as your joints do.

[Hal Elrod]

Robert, I'm glad, I'm glad you said that because I actually want to mention, I think that what makes the miracle morning after 50, if I had to pick the most important aspect of what someone's going to get from that book, it's really what you just said, it's a shift in their mindset. And if you go back to the original Miracle Morning, the whole premise of it was that if you win the morning, you set yourself up to win the day, or more specifically, you put yourself in a peak physical, mental, emotional and spiritual state first thing in the morning and then you're able to show up as your most resourceful, your happiest, your most disciplined, productive self for your family at work, in your health when it comes to maintaining self discipline. And so that really is it, is that the miracle morning after 50 will enable you, I mean the, the, the subtitle really says it. It's a proven path to joy, vitality and purpose for aging adults. And so that's really it. Wake up feeling better, feeling happy, feeling more purposeful, having more energy, more vitality. And that improves every aspect of your life, you know, so your relationships improve because you improve, and so on and so forth.

[Robert Kiyosaki]

Outstanding. We're going to take a run, but I wish you the best of luck in your book, Al, and support many people out there, you know, with going over 50.

[Hal Elrod]

Thank you for your support, Robert. I'm so grateful for you, my friend.

[Robert Kiyosaki]

Thank you, my friend. And we come back, my final word from Rich. Dad. We'll be right back. Thank you.

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[Robert Kiyosaki]

Welcome back. Robert Kiyosaki Rich Dad Radio Show. I thank Hal Elrod Miracle Morning. His first book I enjoyed immensely and I use it. And I haven't seen his latest book over 50, but I highly recommend it simply because as Dr. Attia found out, at 74, your life changes drastically. And we weren't supposed to live this long, but now we're living longer and longer and longer. And as you know, many people run out of money. My generation, because I say we're the first generation with a 401k. So once again, you know, give me a hand. Keep me alive out here. I love teaching. I'll be at the Vancouver Resource Investment Conference here in Vancouver, British Columbia, January 25th and 26th. And I'll be in Charlotte, North Carolina February 3rd with Aspire A S P I R E. Tor is personal finance. So I'll be talking about how you can get rich and stay rich forever. I'll say this again, it's a harsh thing to say, but if you're not a multimillionaire by 50, you did something wrong or started changing your thinking simply because we've come through the easiest time to get rich was the period from 1960 to 2020. But if you haven't made it in that period of time, the economy, I hope I'm wrong again, was going to change. So if you're still waiting to make it and you're 50 years old, I would definitely start thinking differently. Once again, thank Hal Elrod Miracle Morning and thank you all for being fans of the Rich Dad Radio Show. Thank you very much.

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