One thing that i would like to talk to to start talking about because as i was talking to you beforehand our main audience is young people they’re they’re really looking for guidance on how they can how they can become financially free and become free as people and especially
Especially out as like how things go on they’re very very confused so we were talking about like kind of kind of emotional habits and how we were thought so let’s start with that what do you think is the main problem that people have in their minds
When it comes to the way they’ve been taught and kind of like how they think about financial education as a whole that’s a rich dad poor dad is a story about my two fathers my poor dad was a schoolteacher very smart man and my rich dad never went to school
And so the information so starting at the age of nine growing up in hawaii the information was different the advice was different so i think most of your viewers out there is sitting inside their head are their words from their mother and father go to school get a job pay taxes
Save money buy a house because it’s an asset get out of debt yeah and invest in the stock market that creates poor people it’s a hypnosis train going through your brain so when people say how do i change my life when you change those words i wouldn’t go to school
Because you learn nothing about money in school ask i wouldn’t get a job because if i have a job i’m an employee and then i’d pay taxes and i don’t pay taxes and i don’t save money and i use debt to get rich and i don’t invest in the stock market
That’s why i’m rich and so the young people who are listening right now are saying but that’s what my mom and dad said but that’s what mom and dad say all over the world so to the young people i just say challenge or question what you’ve been taught
Because from the bible i’m not religious yeah the word becomes flesh so if you say go to school he said but i learned nothing about money get a job you become an employee yeah if you’re an employee you work for money i pay taxes then they tell you to save money why
Would you save money when the government’s printing money you know and get out of debt well debt is money i use debt to get rich most people use debt to get poor and invest in the stock market i don’t invest in the stock market so when you when you wonder
Why so many people struggle financially because they haven’t challenged the hypnosis the words go to school get a job work hard save money get paid taxes until you question those hypnotic trances you don’t change so when i was a little boy i had poor dad and rich dad you know saying
In your head he said go to school my rich dad goes what a waste of time that is you know right and the way my rich dad taught me just playing monopoly you know four greenhouses one red hotel i learned about money i learned to be a
Capitalist not an employee i don’t pay taxes i use debt for money and i don’t i don’t invest in the stock market and when i say that to adults they get angry at me so well that’s what i’ve done i said well that’s why you’re poor
But when i said to young people you have a chance yet you have a chance i’m not saying i’m right i’m just saying question the hypnotic trans put in your head because that’s what keeps people poor and i think that’s the advantage young people have and you know that because they haven’t
Been brainwashed or they have been brainwashed but they have a chance to change the brain why should they don’t need to deny 30 years of their life correct because if you’ve been doing a job and like if you’re doing all those things and now robert is going to say
This then i i either can deny that or deny 30 years of my life so it’s a big big problem yeah the old guys like me they got angry at me so i’ve done that all my life i said yeah that’s why you’re poor yeah and they go
And they get angry at me when the economy doesn’t exist out here the economy exists in here yeah and until you change the words the words become flesh if you get a job you’re an employee if you save money you’re a saver and why would you save money when they’re printing money
And they say invest in the stock market for your pension well why would you do that because that’s how they get your money and you know get out of debt when guys like me are using debt as money so question it that’s all i’m saying so
And and you’re saying i think it’s in your book you said when you accept your rich dad told you when you accept a paycheck your brain is dead or you stop thinking and i think that’s very powerful to people so what do you think about that well money is a powerful
Force as you know so my rich when i was nine years old growing up in hawaii i asked my rich dad to be my teacher my mentor you know be an apprentice to him this is that i’ll never pay you because if i pay you you think like an employee
And so and wait a minute so i had to think differently and that’s what i’m challenging the millennials right now is you have a chance yet don’t wait to your old guy like me to find out my pension is gone see right now in america wall street is
Robbing the pensions pension funds of the school teachers the firefighter and police officers so there’s going to be millions of people like me my age who did all they got a job they work hard they saved money they got out of debt you know and they put the money in a
Pension plan and it’s all gone so what do you think are some of those those laughs but it’s kind of funny yeah yeah yeah and for those people it’s very unfortunate and they they think their their government in the system has their back but that’s definitely not the case
It’s it couldn’t be further from the case right you got it and you’re being screwed yeah and it starts by going to school yeah and your parents tell you to go to school yeah so and my rich dad said what are you going to learn in school about money i mean you know
You can learn to be a doctor or a lawyer but you learn nothing about money so what do you think are some of those right beliefs to have some of the right beliefs to have about money about the way you create wealth about the the way you actually create the life you want
What would be some of the right ones we know the bad ones go go to school get a job well it’s not right or wrong you see most people should be employees okay because most people it’s easier to be an employee like when i i flew for the marine corps
In vietnam and my poor dad wanted to become an airline pilot just go fly for the airlines i said no i can do that i could already fly yeah why would i fly for the rest of my life yeah you know but you love flag i said yeah but i want
To fly for the rest of my life i just wanted a bigger challenge and a bigger challenge would be to be an entrepreneur because i’d have to learn new things i’d have to learn 10 times more than ever than being a pilot so for me it was right for me to become
An entrepreneur because i was really interested in learning about money and business and economics and all this but most employees aren’t so for most people who are employees they should get a job work hard save money pay your taxes but entrepreneurs don’t pay taxes we don’t save money we use debt as money
And everything’s different and i don’t invest in the stock market but i had to pay the price which was get my own education not the stuff they teach you in school so how do you know that you’re meant to be an entrepreneur is there something that you need to feel is there something
That you need to do it can be trained to anybody like you said not everybody needs some people are meant to be employees and want to do that actually they don’t want to most people want to be employees okay they want the paycheck and they want the pension they want security
And i don’t blame them yeah but many people today don’t have that choice you know if you lose your job like my poor dad eventually lost his job and then he realized going to school getting a job didn’t help but he had a phd he he didn’t have the skills for the world
You stepped out of this academic world and onto the streets you know the cats ate them alive out there most school teachers cannot survive in the real world not in my world at least because they don’t have the mental strength spiritual strength emotional strength or the education to sustain the battles
Of being an entrepreneur i have international businesses thousands of employees a school teacher you know they don’t have that they don’t want that but unfortunately with you know with artificial intelligence coming and replacing more and more people you know soon uber drivers will be at our jobs too
Because of tesla and all these other ones that are creating yeah yeah you know driverless cars so all the truck drivers and all this they’re out of work which is the biggest category of employment in the usa that’s i think that’s right i said trump drivers drivers yeah that’s the employment
Category it’s the biggest category for men yeah you see all these men who are you know john wayne and tarzan and rambo yeah they’re going to be out of work so what do you think so let’s say i’m i’m 22 right now i’m 25 or i’m 30. let’s say i’m eight or 18.
How so i let’s say i i work with myself and i start questioning my beliefs and i start realizing that i’ve been brainwashed and there’s no real reason i should get a job i should do all these things and i i might be in a situation
Because this is what most people do they pay a lot of money for the education and they end it and then there’s no job waiting for them because they and they learn nothing about money and they have the worst type of debt which is that you cannot very smart young men
Yeah so and they’re like 130 000 in debt so how do you recommend because most people are in that situation and they’re even more attuned to safety because now they have debt so they’re afraid so what do you think that person should do they’ve started to question their
Beliefs they got it they know okay i’ve been brainwashed i know but what do i do now yes well not to be commercial about it but you know that’s why i created the cash flow game yeah it’s the only game that teaches accounting yeah and most people come out
Of school they don’t even know what accounting is they say oh they they taught me to balance a checkbook i’m going big deal you know ethno assets and liabilities you must understand taxes the rich don’t pay taxes yeah and the rich use debt as money so the question is that’s that’s
What i had to do when i was on my twenties i said how is it the rich learn to use debt as money that’s a challenge and the brain goes uh it doesn’t make sense yeah it does yeah you got it and then then how do they not pay taxes
And what you’ll find out in my new book fake is the combination of debt and taxes you see the more debt i use the less tax i pay right it’s counter intuitive and that works because you’re creating jobs or why why is that working well there’s many there’s many reasons that’s
Why i have i have the best tax advisors but the biggest thing for most young people is that our schools teach us to be ics into independent contractors okay or self-employed or even if you’re an employee you’re still an independent contractor as a job and you do it by yourself you know i
Think you know i think i think much of much of the young world is in the selfie world you know look at me look at me look at me whereas in my world it’s a team sport i’m a rugby player i go on to feel with a team
As mean as guys i know and so you could be that you could be the a student from princeton but i go on this field with 15 tough men kick your ass and so the average guy is coming out there you know like oh i got an a i went to
Princeton i went to harvard and corporate america comes out and they go boom so that’s why when i talk to young people i say look it’s a team sport so the first person i have is a bookkeeper bookkeeper is the lowest paid person on my team but the most important right
The bookkeeper then keeps the accurate records that my accountant can use and my attorney can use and my banker can use that’s the combination there and my banker my attorney and my accountant must work together as a team most people the bankers accountants and attorneys don’t work for those
In school we’re taught to take our tests on our own if you ask for help you’re cheating in my world it’s called cooperation and what i found with most smart people they don’t know how to cooperate they don’t know how to ask for help because in their brains that’s cheating
It means you’re stupid it means you’re weak means you’re stupid i you know i didn’t have that problem because i was stupid in school so i was asked for help but the teacher says that’s cheating and that’s very interesting because i i had the fortune to start a company when
I was 16 years old and that was exactly the mentality i had if i don’t do everything well if i’m not if i’m not the person that has all the answers i’m failing and i was not the best student so i i didn’t really stuck by the rules and i
Think that’s an interesting thing with you what rugby taught you and being and and being in the like an action car yeah watch you when we flew into combat we flew in as you know sections of aircraft right we flew into the teams that’s the military yeah so what do you think are
Some of the lessons that you learn doing those things rugby pilot well i look at most small entrepreneurs i call it the selfie world like oh look at me oh look at me yeah the instagram entrepreneurs especially it’s great it’s just great i’m the smartest oh right and i want the smartest attorneys
Accountants bookkeepers bankers politicians i come at it as a team just think about this you know it’s like a basketball team they’re playing basketball but you went to harvard you have a master’s a phd but you’re playing against five guys you know i don’t care how smart you are
Those five guys will kick your butt all day long this is not in the movies bruce lee cannot really beat 10 people in real life right but that’s in the movies that’s that’s what’s perceived like if you’re good enough you can beat 10 people yeah in real life you’re going to
Lose not in the real not the corporate world so i operate according to the rules of corporate america yeah i don’t operate according to the rules of employee america they’re different the tax rules for corporate guys is less than employees employees pay the highest taxes yeah guys like trump may pay zero
And people are angry at that which is very interesting people are very angry at people that don’t pay taxes which is again a proof that people don’t cannot wrap their hands around that because they’ve been hypnotized go to school get a job work hard pay taxes yeah until they change those words their
Lives are not going to change so they get angry but they’re angry at the words in their head yeah so what are some of the other things some some key points that we could talk about from your new book because i know rich dad poor dad you
Probably talked so much about that it’s and it’s a great book i’ve read it when i was 15 and it’s amazing that you’ve made accounting so interesting yeah it’s like a combination between an amazing storyteller and accounting which is not the combination you would
Think of so i think when i look at it i think that’s the reason i had so much success because people were devoted like like a story but it was accounting it so you you tricked them you they you’re a very smart young man so they you made them
Eat their broccoli by making it look like a big mac or something like that it’s amazing so so we’re not going to talk that much about that but what do you think are some key things that was the reason that you wrote this book and some some things
That we can we can give people well if rich dad poor dad was high school yes graduate school okay so it’s basically saying many of the same things a little higher level of thought so a person should start with rich dad poor dad if they don’t like rich dad poor dad
They’ll hate this book perfect because they went to school they got a job they’re working hard they’re saving money they’re getting out of debt and they’re in the stock market right they’re getting screwed right but if you want to find out why guys like me don’t do that
Then you re you read fake the biggest thing about fake is you know the dollar became fake the us dollar became fake money in 71. but it’s the fake teachers why would you listen to a poor person why would you listen to a poor person about money
And that was my poor dad very good man phd but he always says go to school get a job work hard pay taxes get out of debt and invest in the stock market he’s trying to hypnotize me and my rich dad thank god i had a ritual
He goes you got to be an idiot to follow that advice and so you’re a very bright young man to pick up rich dad poor that is only a book on accounting my cash flow game is only a book on accounting but if you don’t know accounting you don’t have accountability
Yeah you know you have accountability in your life and then you can question when somebody tells you to invest in the stock market i go well when do i get my money back so in fake i talk about the infinite return i never use my money i don’t need to save money
I use debt 100 of the time i don’t pay taxes so that’s kind of what you find out in fake you know fake money fake teachers fake assets because every time a teacher told me you know to get a job i said you got to be kidding me she goes
If you don’t get good grades you won’t get a job and i said oh that’s good i’m glad to hear that you know and the teacher would go nuts and they go why don’t you want a jobs because i’ll pay taxes then you’ve got to pay your taxes and i said
Well what about this is so i took real estate courses not because i like real estate because real estate is about debt and taxes right the more debt i use which is real money debt is real money the less tax i pay and especially with the interest rates
Right now they’ve been lowest in the last five thousand years or something like that money is cheap right now zero get it for free yeah why would you save it why would you save it when they print it it’s until you question all the young people just question what’s inside that head
Who hypnotized you parents most of the time most probably and were your parents rich or poor probably poor well hard working paying taxes they went to school if you’re middle class yeah so for the people you think donald trump’s sons pay taxes none of them pay taxes
Do you think they have jobs no in that book i have jared kushner who’s ivanka trump’s husband yeah and the new york times interviews him the reporter is an a student you know smart guy with a job and he just can’t understand how kushner’s who are richer than the trumps
Jewish family richer than the trumps yeah how they get away with not paying taxes and this reporter was going crazy in the book and fake he just couldn’t understand it because he’s been hypnotized so it’s a collision of ideas you know so when i say i don’t pay taxes
Then this whole you’re cheating you’re a crook you’re a criminal comes up and then they can’t hear me echo and i talk about trade you know investing i invest as an insider and for the average person who knows very little say well incentive trading is illegal no it’s not
But they’ve been programmed to think it’s illegal there are certain forms of investing where insider trading is illegal but for the most part it isn’t illegal but what fires off because they’ve been hypnotized oh insider trading he’s a crook and he doesn’t pay taxes do you think i’d be writing about it if
I was a criminal so i wrote fake so people could challenge the hypnosis in their brains you know go to school work hard pay taxes get out of debt i use debt as money because in 1971 money became debt yeah so it seems like an underlying psychological problem more or less than
Information because the information it’s available you everybody you do such an amazing job well you put your life against this goal basically and i’m curious about why you do that and why you continue to do it because i think it’s it’s not intuitive to people like
He can make all this money and he spends his time with me in an interview teaching young people like it’s not it’s not exactly the the most roi use of your time right so uh and if you look at it from the outside um but what do you think is
Is so i if i’m a young person listening i’m going to listen to this what do i have to to do to break the hypnosis because most people that don’t want to hear it will dismiss the message yes so should i meditate should i spend time thinking about it should i just
Okay i love meditation i think everybody should meditate you know to cure the conflict that’s going inside because i purposely say those things to create conflict perfect because if you don’t change those thoughts you’ll wind up like my poor dad yeah you know very highly educated poor guy who worked very
Hard all his life i i felt for him yeah then he got fired by the people he challenged and he found that his phd meant nothing yeah you know phd always stands for poor helpless and desperate so the moment they threw him out that’s a great acronym
So the moment they threw him out of the school system he was like a you know this stray dog who couldn’t feed himself on the streets he’s the streets just ate them alive whereas an entrepreneur i love the streets you know it’s like dog eat dog
Out there it’s fun it’s game it’s like playing rugby but my but most academics can’t play the game of rugby because it’s too nasty but some guys i love the game yeah i love sports i love it so much that’s amazing and what do you think for example if you
Look if you look again we’ve been in the longest well growth period of ever where do you think why are you laughing growth go ahead um people people look at it now and because they’re scared and they’re safety oriented thinking oh i couldn’t really start now because there’s a financial
Crisis coming yeah so why would i start now so it’s still the safety that they’re looking for so what would you think about what would you say about that about the financial crisis coming up if well there should be some sort of corrections happening in the future
Well let me ask you this if you’re you had bought a ticket to get on the titanic right yeah and you knew it was going to sink what would you do now buy the ticket well let’s say you already bought the two okay i’ll build the best boat to get
Out of it i would be getting ready to get off of it as quickly as possible i would be looking at life rafts and checking things out and you know things like that yeah because we’re going down and this is the difference crashes make the rich richer so what happens is
There’s an old saying in investing the bear goes up this i mean the bull goes up the stairs there’s bulls and bears right yeah yeah so the bull goes up the stairs the bear goes out the window so if you want to get rich quick i i like the crashes
Because you can buy low oh it comes down so fast so if you can do it in stocks you can short the thing you can do you know naked put yeah he could be instantly quick but it’s slow going up but it’s fast when it crashes
So right now if i was a young person i’d be taking probably a stock options course to trade the market coming down because you’ll get rich faster that way it takes about five years to practice that but i love crashes you know i get really excited about a crash unfortunately most
People get wiped out but nonetheless the facts are crashes make the rich richer that’s why fakers fight fake with facts yeah so if you want to get rich quick you know it’s when the titanic is going down you can sell lifeboats that’s a great that’s a great analogy and
What do you like about your general purpose and we’re going to wrap up here in a couple of minutes um but by your general of course i’m really really curious because most people think again i’m trying to think from the perspective of of of the stereotype of the conditioning
Let’s say and most people think well if i’m as rich as robert why would i spend time doing all these things even so why would i spend time educating people and even so why would i even even work anymore because if i have enough money in my
Head i’m done i don’t need i need to get a vacation in hawaii which is exactly the reason that they don’t do that but what drives you to keep doing what you’re doing and what’s your purpose going forward because you don’t have to do any of this and i think it’s
Important for people to grasp that very smart young man yeah well i thank you no no you are very intuitive is that um i don’t need the money that’s the reason i do it you know i retired at 47. i had more than enough money and people kept
Asking my wife and i said how did you guys she was 37 you know she didn’t marry me for my money because i didn’t have money when we started yeah i lost the business just before i met her and we just made it back so anyway they kept asking us how did
You guys do it so do you have a job no do you have a retirement plan no did you save money no so they kept asking us and we created the cash flow game so they could understand income statements balance sheets statements of cash flow which highly recommended they took that yeah
The cash flow game is how you can have fun learning about the most boring subject called accounting and you have fun it’s like playing monopoly but what makes rich cash flow different than monopoly is a financial statement yeah because your banker only wants to see your financial statement
Banker doesn’t want your grades or what school you went to yeah they want to know your financials so when the markets crash my financials are so strong bankers threw money at me they still call because you’re the only one that has good financial statements at that point well if there’s no i know
They know i can take their debt and make money from debt the average person will take debt and lose money so be so cash flow the game and you’re rich dad poor dad you take debt and make money the average person takes debt and loses money so they don’t want they don’t want
To give any more money so that’s what so that’s what drives me on so when i went to military school i didn’t go to regular school i went to military academy in new york the first lesson the first word they teach us is what’s your mission mission mission mission admission is spiritual
So that’s why when i graduated from military school i didn’t have to go fight but i felt the need to go fight so i joined the marine corps to go fight and when i came back my again my poor dad says why don’t you become an airline pilot i said
Go to school get a job you know pick up a pilot because you can make a lot of money and you pay a lot of taxes and you can say you know like i could hear the hypnosis coming in i said no i’m not going to do that
So my rich dad so my poor dad says go get get my master’s degree get my mba which i started a waste of time and my rich dad said you have to learn about debt and taxes so i took a real estate course i say the same thing take real estate
Courses take stock trading courses you know i take bond courses i just learn about the game of money it’s a game and have some patience right it takes about five years to get good at anything okay perfect because that’s a good expectation for people people think that
Three months they’ll figure it out no perfect if you’re gonna be a stock trader it’s five years and fifty thousand bucks minimum you will that’s what it’ll cost you which is less than one year of college usually at harvard so it’s not that big of a deal yeah but
You have to make mistakes to learn but our school is punishing for making mistakes and then they also punish you for asking for help because that’s called cheating i call it cooperation yeah so everything is opposite from school you know entrepreneurs are not going to make good employees so you might as well
Think of your conditioning and do the opposite and you’re probably better off well you got to change go to school get a job save money pay taxes yeah you know question right now is how do i make so much money i use debt and i pay no taxes legally
I said i wouldn’t be saying that if i was crooked about it but i don’t have to hide because i do it legally and you explain how that working but in this book well as best i can you know the this my study has been like a lifelong study
So i don’t you know i i’m i’m making money as we’re speaking right now i have 7 000 real estate properties i have oil wells i have golf courses i have a commercial building so money is just pouring in whether i work or not but i’m still studying
Because that’s how the money keeps pouring in yet yeah i’m watching the horizon you know it’s like you’re on the ocean you know it’s like where’s the next storm coming yeah oh like that yeah or like in the case of the titanic when’s the next iceberg coming yeah and there’s a lot of
Icebergs right now and we’re all this one big titanic and the question you know right now i’d be manufacturing lifeboats yeah for a living for sure so two things and and we’ll and with this one thing and i i was really fascinated i think you spoke about it in an
Interview about jonathan heights book the calling of the american mind is it’s not the american mind it’s the coddling of the everybody’s mind basically right and people are the the my question would be what would be your advice for people they are looking to to really strengthen themselves and toughen up because that’s
When people hear this advice then they are in the world and me included but let’s say i’ve done some sports you’ve obviously had military training and and all the things that had that i think evolved discipline in you i i’m thinking um but what would you be your advice to
Toughen up because otherwise any challenge that faces you you’re just gonna fade and go back to safety correct correct well i think that’s one of the biggest problems is that people the word is called resilience okay if you you know like the greatest athlete in my time is
Tiger woods well he just won a championship again but he went way up and he came down and you know his wife caught him cheating you know everything the humiliation and especially as a black guy cheating on a white woman i had so many women get so
Upset how dare you cheat on a white woman white cheats that’s not the thing to do what difference does it make yeah i just crack up at people and then his back goes out he has surgery and after this long down period he comes roaring back up to
The top have you ever been to augusta the golf course where the masters has played that is the toughest golf course i have ever seen i don’t know how those guys play that course yeah you have to be a mountain goat to play that course you know and these guys are taking shots
From down here the greens up here and these guys are going holy mack so he came back so if there’s a story of resilience and determination and a comeback it’s tiger woods man he my esteem i just i’m in awe of that guy he is really a
Great man to come from the top to the bottom back to the top you know and we all have that in us except in school so don’t make mistakes you know you fail you’re stupid well he came back he made him stronger yeah good for him so last question
What do you think and thank you so much for your time this has been amazing so what do you think is is there a chance for the education system of the future to actually create abundance wealthy people free people and so on or should it be taken on to people like yourself
That create kind of like private systems of education and spread spread the knowledge of people what do you think about that well i’m doing it as private citizen you know and i see outside the skills but if you look yeah i think you read this book i think you’ll notice
On the essays fake money fake teachers fake assets yeah it’s the same thing it’s all one big system yeah the only way they can pull off the fake money is by having fake teachers and the only way you can buy fake assets by having fake money and fake teachers
So it’s a it’s a very it’s very good reinforcing loop and that’s why i’m just saying out here to the young people question this go to school get a job work hard pay taxes save money get out of debt until that is questioned and then asked the question why would i
Be saying that at the risk of going to jail if it wasn’t legal that’s the question so guys the rich get richer because what we do is legal but you’ve been told it’s illegal amazing say not paying taxes is illegal if you’re an entrepreneur but it’s illegal if you’re an employee
Any last thing you think is worth mentioning to the people listening the young people listening and kind of trying to figure this out and we’ll end with that well i think the key is young people because the system of fake money fake teachers fake assets they screwed me my
Generation my generation is never going to retire the medical expenses are going to go through the roof just when america goes broke but they didn’t just screw the old guys they screw the young the millennials so they’re coming out of school deeply in debt and still haven’t learned anything about money
So this system of fake money fake teachers fake assets screws everybody not only in romania but all over the world so that’s really if you can think you know comprehend something that big then you can make your own personal choices and changes perfect thank you so much robert for your time thank you
Everybody that’s listening hope people act on this thank you thank you so much hey guys this is catalin and i’m doing this really interesting giveaway i just had an interview with robert kiyosaki number one best-selling author of reach.poor dad and i want to give away
10 of 10 of copies of his new book fake fake money fake teachers fake assets what you have to do is go listen to the interview there should be a link somewhere for you to listen to it and post on either facebook instagram linkedin whatever you want or send me an
Email with your one takeaway from the interview and i’m going to choose 10 of those at random and we’re going to give them uh one copy of his new book fake so go ahead and listen to the interview let me know what you think of it
Leave a comment below in in in the interview and post your takeaway and win a copy of the book thank you so much
