Reaction & Commentary
Using debt but what do our schools teach us stay out of debt that’s how stupid School teachers are why isn’t this taught in schools cuz surely people should know this stuff because school teachers are Marxist in America they call woke so they believe the white gu oppressing the poor and all that stuff
That’s not true it’s our schools oppress people because we use debt we don’t pay taxes legally do you pay any tax no is your beef real with ground Cardone I beef with a lot of guys why does Dave Ramsey say all debt is dumb because Dave Ramsey is a idiot that’s
Why Robert Kaki is literally the Living God of real estate and if you want me to get more guests like this make sure you like the video subscribe to the channel and turn the notification Bell on Robert is the money system rigged you won’t get me in trouble don’t
You no uh we’re at the end of an Empire right now it is the end it’s the end of this and um all Empires always come to an end the Roman Empire the Greek Empire Chinese with earliest Chinese are the first guys to use paper right so what
We’re looking at today is the end of the American Empire so it’s a very dangerous time it’s explosive you with Palestine and uh Gaza all the stuff that’s going on is an end of times not biblical but just an end of an era and the trouble when this comes to an end War
Follows that’s what I’m afraid of I went to Vietnam twice I was a pilot in Vietnam so I saw War it’s not good obviously I feel for both Palestinians and the Israelis and uh but we’re in dangerous times so if we’re seeing the end of fiat
Currency as we know it where do you think money moves to good question uh this here is a u a 1964 half dollar 1964 was the year that uh this was real silver but in 1964 the US was now the you know from England the torch was
Passed To America that was 1944 Breton woods and all this and so America was the power but every Empire ends when they debase the currency so this was 64 I was 17 years old I remember looking oh it’s nice you know and then one day I also looked up and
Some of the coins look like this and that is this it’s pure gold yeah 1 but I look it up I go my God why does this coin have copper on it and that was the end of the Empire every Empire dies when they violate this when they Chang the
Money so I’m congratulations all your success about being real estate guy because this was 64 then 71 President Nixon took the dollar off of the gold standard and the reason you’re doing so well today is because the dollar became debt right so real estate guys like my
Friend Trump and all that we get rich using debt whereas the average person is told to work hard this is toilet paper save this stay out of debt and they’re going broke today I really I’m I’m I’m afraid for the average punter out there you know so
We’re in serious trouble because by the end of the American Empire is China going to take over I don’t know Ray Delo thinks so well Del also recommends you know but anyway I I just want to commend you I want to say the reason I’m here is
Because of this here you know you yeah was it the World Cup semi-final I just want because because I’m in England London rugby is my game and uh it’s the greatest game in the world to me it’s a pure entrepreneurs game and the reason it’s pure because
It’s not how big you are you have really big second row you have big fat guys like me props you know how a prop you have little guys are hookers and the scrum halfs and all this but it’s a pure rch rur sport because every person on a
Rugby team has to do everything you have to run pass kick right whereas in American baseball you hit you know everybody’s like and uh in golf it’s so individual sport but rugby is a pure team sport so I I came out to London here I played for
Black Heath for about four games that was I love the game it’s passionate and that’s I was here I was at twickingham for the world up out here mhm but it’s the greatest game on earth as far as I’m concerned thanks to England passing it on to the
World you actually talk a lot about your Rich Dad advisors right so do you is there such a thing as self-made or must it be a team that’s a perfect question okay look let me show you something here so this was 1964 that used to be real silver now it’s fake
Silver so then 1971 this was backed by gold and silver and then Nixon took it off this became debt that’s one of the most important things because now it became debt for me to get rich I had to use debt but what there are schools teachers stay out of
Debt that’s how stupid School teachers are debt makes guys like you and me Rich and ironically because we use debt we don’t pay any taxes you know taxes are very high here in London very high in America but real estate guys like Trump and I we don’t pay taxes legally now
That makes a lot of the liberal or the conservatives or the whatever you call them the Greenies and the academic types angry because when Trump was NE was debating Hillary Clinton that criminal the the Clinton’s and Obama’s men what a bunch of cruxs they are really but all
Politicians are cruxs anyway anyway not going political here but Hillary Clinton she was running against Trump she says and you don’t even pay taxes and what does Trump say to her means I’m smart and so the reason I like what you’re doing with real estate is you
Learn to use debt and you pay less taxes to go for this but what I’m glad I’m put in your program is once I realized this and this with all changing the end game wasn’t real estate the end game was gold so today this is a US silver Buffalo you
Can buy this for $30 us I don’t know I don’t know what in pounds this is 2,200 okay so which which you rather have today would you rather have this piece of toilet paper would you rather have this piece of silver or would you rather have gold the average person wants the paper
This is toilet paper and that’s why people are in trouble today because we’re about America is about to crash as you know we’re in serious trouble our debt is at all-time high America is now the biggest detor nation in the world worse than Japan see that so Japan has
High debt but the Japanese people are rich because they save Americans are in debt the country is in debt and we have this guy Biden putting us more in debt the first thing that Biden did when he came to office I’m an oil guy I went to school for oil
I drove tankers for Standard Oil first thing that b uh Biden did was he took he cut the Keystone Pipeline the the pipeline ran from Canada all the way to the Gulf of Mexico when he cut that pipeline that was Biden did Trump had Trump loved it but when Biden cut it I
Was I still sell oil I’m an oil guy so I have real estate oil all this other stuff I was selling oil for $30 a barrel when Trump was in office when Biden came to office oil went to 130 a barrel that sent inflation through the roof it wiped
Out mom and dad today the spooky thing about the world economy is the gap between rich and poor getting wider because people are working for this and not this and this here so the question I ask people which which is a better investment gold silver or paper well I think since
71 fiat currency certainly the pound is down more than 85% of its value whereas Gold’s up thousands of percent in the same time yeah so I know well let me just ask it straight why isn’t this taught in schools because surely people should know this stuff because school teachers are
Marxist My Poor Dad Rich Dad Poor Dad it’s a story of a Marxist versus a capitalist you know my poor dad was an academic type he was a PhD which two his T were poor helpless and desperate he smart guy he was in school all the time
He knew all the answers to everything but he didn’t know anything about this year and my rich dad was a man who had no school and he ran the family store so as a boy of 13 began learning about money and he he started saying say
He says the mistake is our schools teach us to work for this not this why does Dave Ramsey say all that is dumb well because Dave ramse is a idiot that’s why he me no I mean part of my French I mean he and I here is the who’s your target you know
When we first got together I said who was your demographics right you guys are real estate guys Dave Ramsey is not your teacher you’re their teacher does that make sense so like I want I’m a pilot I didn’t ask a basketball player to teach
Me how to play to to fly so when I went to Vietnam I wanted the best teachers so if you couldn’t be in real estate Dave Ramsey is not your teacher you are if you understand that you choose your teachers so Ramsay’s advice is good for
The average person who is trying to save this stuff here think about this okay I was flying in Vietnam I bought my first gold coin I paid $50 for it so it was 50 of these for one of these today is $2,200 for one of these and what has the
Dollars gone down by and Mom and Daddy are working hard staying out of debt like freaking idiots yeah but it’s best advice for Mom and Dad they’re the punter you know I I use the term punter they just have no idea what’s going on
They get up they get up they get a p and they’re happy so but if you’re going to be a rich man or a poor man a rich man your endgame is gold this has been money for centuries this is silver it’s the better investment today in the US it takes 35
Of these to buy one of these so I tell my brothers and my sisters and all that hey trade this piece of toilet paper in for this oh no Dave Ramsey said save money and my family’s broke but they follow my poor Dad they go I have a master’s degree what do you
Have and a ma master’s degree can get someone 100,000 in debt can’t it bad debt I’m a billion dollars in debt you’re a billion in debt goz because debt is money happened in 1971 President Nixon took this separated him so what became money was a US Bond
Now Dave Ramsey and most of these financial planners down on u city of London and the they recommend buying bonds bonds are the worst advice possible why they’re going crashing three Banks went down in a row because the bonds crashed so please hear what I’m saying is our
Financial planners what we call them in the States they’re always saying you you want 40 40% stocks 40% bonds and 10% gold or something like that they think bonds are safe but now that interest rates are going like this when interest rates goes up the bonds come down so
Today the US Federal Reserve president uh chairman Powell he’s raising interest rates bonds are coming down our banks are crashing when our banks crash they can’t lend this out and when they can’t lend this out the economy crashes so the people who will win are people who have gold and
Silver and mommy and daddy who are saving this will be wiped out because to save the world economy as you know the us is going to print trillions of these you have what was it named Tusk or something your she was your prime minister for a short period
Of time yeah L trust yeah when she tried to screw around this your pensions went down so mark my words the old guys like me in UK America and most of Europe we have no pensions so did you decide let me say it again we have no pensions no
Pensions gone gone but they don’t know it yet right this episode is officially owned by Kevin penesis also known as the property Soldier if you go right now to Rob more doevents slsa there’s a special report waiting for you there and how to make money on one of the hottest property strategies
Right now the link is in the description on YouTube most people think inflation is bad because it erodes paper money but is inflation good if you have good debt it’s about of financial education it depends on on the asset class inflation is good for look at this
Okay um the first one I ever bought was in 1972 paid $50 for it I still have it it’s an a vault in Switzerland it cost me 50 of these today that same if I pulled out all the Vault from Switzerland it’s a South African Karan if I held it up here
It’d be 2,000 of these for one of these so meanwhile Mommy and Daddy are oh I’m saying this loser because our schools want us to do that and why do the schools want us to do that because they’re marxists and when you say they’re marxists what do
You mean they believe that the in America they’re called woke they’re also called woke here yeah yeah it’s that woke means that you have white guys like you oppress the colors like me so they believe that white gu oppressing the poor and all that stuff that’s not true it’s our schools
Oppress people so that so that what they’re trying in America now is D IE die diversity inclusion Equity but they don’t teach us about money they te they teach us about what ESG uh environment social governance that’s Marxism they’re Communists I flew to I flew in Vietnam for the US Marine Corps killing
Communists we had to but they came to our school system via they came into America via the school system Communists have entered America in 1930 when teachers from Berlin came to Columbia University in America and started teaching at Columbia University Teachers College so Marxism spread across America via academics by poor
Dead so poor dad Rich Dad is a story of a Marxist versus a capitalist it’s a free country choose what you want to be I chose capitalist do you think we have any pure capitalist systems anymore do you think they’ve all been diluted and weakened we could we could sit and diet you
Know Aussies have a ter we could wank about it all day long de we could we could debate it all day long the only question is how much of this have you got and how much of this have you got that’s the only question all right we’ll come to that then but
First you can’t leverage gold the same way you can leverage real estate can you come hear what I have to say okay let’s go oh is that question yeah you’re brilliant man thank you I use real estate as leverage to buy this right so what I do is I’ll borrow let’s say $20
Million the cash flow buys this right so you’re you’re using government printed money for your own assets to buy this and then the income from the assets you convert into gold yes this is God’s money God put it here God put this I’m not religious but I’m
Just okay and this here was put by God this year has to be flushed on their toilet and that’s what they’re doing with it but oh I made this much this month loser your job is to take this convert to this or convert to
This not to brag but I own tons of this how much how how much I own the you own the mines I’m a capitalist right I bought the biggest gold mine in America last year last July it’s in Utah so you’re literally mining your own gold amen amen I found
Religion I’m put it I’m going to put an altar there and you know you found religion what gold is your religion I’ll put every every religion is in there you could you can be Buddhist Shin Shinto uh Catholic Protestant M Muslim I don’t care just worship at the alter of gold you
Know no but you want to get back to this for thousands of years you know I I bought my first gold mine in Peru and I didn’t know what I was doing I was you know a kid and I I looked up in the I saw all these holes
In the ground in the Andes whatever they are and that was a Inca before pizaro digging for a gold vein and I said how in the world did these Incas I think that’s what they were called anyway native Native uh Peruvian Indians why were they looking for
This and then I was in China I was in uh actually Mongolia all across Mongolia little holes in the ground they were looking for this so this is pre- Radio pre- cell phones how did the in Inca search for this then the Spaniard came and took it
All way from of course SP bastards you know I mean and in Mongolia there’s a place called the checkerboard little holes in the ground and these Mongolians with gengas the KH was around they were digging for this stuff so there’s something in my opinion I’m not religious but God attracts us to
This and so I was in I was in um Fiji for rugby again and I met this American Guru he was a Hindu he had gold all over him so I said what’s this white guy dressed as a Hindu with gold dripping all of them so I asked I had to ask him
A question I said why do you have so much of this he says because gold is God’s attractor gold is God’s money he says the more of this you have the more wealth it attracts to you so when they tell you do to save this offf you cut
Your wealth off this is your connection I’m going to get my ass for this one but I’m saying this is your connection between God and wealth so if I want ,000 of income I buy a couple of the one of these you know more more gold ATT tracks
Wealth that’s the hind that was this I was Hindu but this American Hindu he could have been a fake for all I know he look good he had gold all over him he says this attracts wealth right so I believed him but it already had that belief
Anyway so I just start collecting this so the question I’m here in London to teach everybody can do this this is 35 bucks the question is how do you go from this to a gold mine that’s an entrepreneur does right so once I understood this was the
Objective I started going for gold m mines so you buy more gold mines now than you are really you are oh yeah the biggest in the world right when public July 8th last year in Toronto New York Stock Exchange my first gold mine was in uh dalan
China and we struck gold in China this is 2004 guess what the Chinese did tell me nationalized it they stole it I don’t trust the Chinese Communists you know that’s why they’re communist what’s that that’s why what Clash Schwab says you all nothing someday you’ll own nothing you’ll be
Happy that’s Marxism that’s communism you will own nothing so when the Chinese took my go mine from me and said I’m staying out of China you know like my books Rich Dad Poor Dad they pirated the whole thing they don’t pay me anything really they steal wow it’s part of their
Let’s say culture m I won’t mention anything else I got in trouble you mention race religion God money sex talk about sex next so if you’re a billion in debt is that all in real estate or did you use debt to buy GMS as well no I
Use debt and real estate what I do is uh let’s say I buy a property here’s a property I buy it I finance it then we’re refinance it we borrow out the equity with the rebar with the refinance Equity I bought the gold mine right and guess what pays for
The debt this and I still own the gold mine and that’s why I went through tons of gold it’s all Finance yeah and um if you have a billion of debt how many properties does that mean you own I I thought three I’ve got 340 units and I
Thought that was a lot someone said you had 16,000 16,000 16,000 16,000 just because at 17 years old hel what is that why is this coin copper that was 1964 it’s Gram’s law gresham’s law stats when bad money enters the system good money goes into hiding then happened in 1971 Nixon took
This off of this this became de so the smartest guys on Earth are real estate guys like Trump you and me we borrow this to buy this that buys this apartment house buys that so um it’s called Finance yeah so will do you pay any tax no
None none you guys forget some you guys are English you forget we’re still pissed off at you guys it wasn’t me uh remember in 1773 don’t hold a grudge that long yeah there was thing called the Boston Tea Party and the English were taxing the American colonies and finally the Americans
Said and we threw the English tea into the ocean and so people say ah America was founded in 1776 you know when whatever they did or Declaration of Independence whatever they did now America was found as a debt Revolution debt uh they threw the English out so America was found as a debt-free
Country if you know that one so Americans have always fought against I mean uh taxfree we I don’t pay my tax I don’t have to but I have best accountants and the best lawyers to make sure I don’t that’s why Trump and I don’t pay taxes legally Hillary Clinton and Obama and
Those they just steal it you don’t pay you don’t have to pay tax on things you steal well didn’t didn’t Trump say to Hillary that he is not paying any tax because of laws that she passed something like that yeah I just remember she she was she was attacking him on St
On camera he says he said but you don’t pay any taxes he go it’s I’m smart that’s the truth and do you not pay any taxes because you’re taking all your income is debt no no no you have to obey taxes are incentives in other words if I went down
To Goodwill you have good you know a church the government wants me to donate money to a church so if I donate this to a church it’s a tax a tax write off so taxes are incentives to do what the government wants you to do so the people that pay the highest
Taxes are employees and doctors and lawyers the capitalists don’t pay taxes there was a book I wrote called the cash flow quadrant e SBI E’s pay 40% in tax s’s pay 60% in tax B’s pay 20% I pay zero and eyes are the investor yeah yeah inside investor
People who buy stocks bonds mutual funds are freaking losers why because you pay tax so do you not invest in the stock market at all no I I have I have my stock is there right from my company yeah but it’s taxfree yeah I’m an entrepreneur I
Am not an employee I was a stupid kid in school flunked out so many times and uh do you think that made you a good entrepreneur yeah I had to had to what what cuz you had no other choice why learn how to cheat now I’m here with my team right
Now my attorneys my accountants my debt guys my Bankers we operate as a team schools teachers take tests on your own right I take my test as a team so when I was going after that gold mine in Utah you think I could do it by myself even
Though it had it was the richest gold mine in the world I had to go in with a big team the average punter out there oh I can’t afford it but I used I used the profits from my real estate to raise 2 million dollar to buy
The gold mine the average person well I can’t afford it they can afford this they cannot afford the gold mine yeah the entrepreneur can afford the gold mine legally please do it I’m not Sam bagman freed and FTX and all that other crypto crap I have
Crypto but I don’t do I’m not I do it honestly you know and have the have people not been chasing you to try and get some tax from you you’re a very public figure do they not like come on your door that’s a very good question an a is called an
Audit I’m audited every year catch me no but aits keep you honest yeah if I was doing something illegal like Sam backman freed or Hillary probably does Clinton and Obama and this guy Biden is the worst he steals US money God Almighty but anyway if I’m audited I’m doing
Something wrong I’ll pay my tax I don’t want to go to jail and do the hoola for some guy you know so um if you had to choose between gold or silver how about this oh no we’re not going to put Fiat into the mix
No no but what I’m asking right now is most people watching today are choosing this they’re choosing pound and P dollars and cents so the average person even the guy sleeping on the street can raise 35 how much is $35 in pounds yeah you can get a chuda a chuda
Beast coin here for £70 including V8 wow which you could claim back if you bought it in the right company so50 will get you a good 2 O silver coin I’ve been I’ve started to get my I’ve started to pay my kids for their chores in silver
Good man yeah see this is God’s money it was not printed I always say to American audiences if you can print it I don’t want it if you if you can a stock certificate I don’t want it can you print this I don’t want it it’s that simple I own I own
Cattle you can’t print a cattle so you know you get artificial intelligence and all this other garbage but the thing I sell for my cattle they’re Bulls they’re Wu Bulls Japanese Bulls you see cuz when I was a little boy I went to the dairy and I watch the
Breeding bulls and they bring the cows in and the old bull would go oh baby they sit there he start humping away on the cow you know going woo when I grow up I want to be a breeding bull I had no idea what I was watching that looks like
Fun so today I own Wu cattle blls yeah and every time they ejaculate it’s SE flow I get [Laughter] paid nobody’s nobody’s offered me a that service yet wow yeah I think like a capitalist not a Marxist no I don’t want it to be equal
You kick my ass I’ll kick your ass right does that make sense yeah that’s why I love this game here so you think free markets you know competition that’s all healthy and good for certain people if you’re not competitive and you’re a wimp and a crybaby you know follow Dave Ramsey [Laughter]
Wow um are you allowed to say who your Rich Dad is there’s lots of like no I don’t say I I have to ask his permission they don’t want to be known oh okay so that they’re like a are they still alive uh no actually no this is
The saddest thing of all is Rich was my best friend’s father and he had he had nothing to start and he built this Empire so if you go to w ke beach today in Hawaii you look at the hayatt reg hotel that’s their land they don’t own the hotel they own the
Land so they he started with nothing he kept doing what America was called it 1031 there tax R exchanges and all this stuff so his plan was to buy a whole section of Wy ke Beach and he bought it so today it belongs to the family but
Another rule I’ve heard is that the first generation makes it the second generation was my my best friend and I the third generation was his son guess what son squandering it it’s gone the third generation lost at all because they didn’t learn the skills required to build it at a good time
Plus oh really yeah bad habit bad habits you know but I often think a lot of money without understand understanding how it works is a curse would you agree yeah plus addictions yeah you know homelessness is not homelessness homelessness is addiction right so they they just can’t function in
Society do you think a big recession is coming big big big bigger than big I think we’re side this whole thing it’s the end of this we’re the end of the American Empire the question is is it China next that’s the question there was a man named Buckminster Fuller
He’s a met the geodesic domes and all that he said civilization went what he call a Northwest spiral so his prediction was it started in Thailand came across Europe so that’s when the Middle East boomed then France boomed England boomed us boomed Japan boomed China that was Fuller’s
Prediction right so I that’s saying is true but when I look at it it seems to be that way but China’s in wor wor trouble than we are you know they have high unemployment kids with no jobs no Financial education they say more millionaires are made in recessions do you think there’s
Opportunity in the upcoming recession of course yeah course hey I think this thing is 35 bucks today I think in two years it’ll be a 100 bucks really that means it’s going to take a today take 35 of these to buy one of these in two years I going to take a
100 of these to buy one of these and that could have gone down 15 to 20% with inflation that’s I mean which would you rather have today most people choose that sad isn’t it and what does Bitcoin fit in all this well it’s the same problem is you know fake money all over
The world I own Bitcoin I was fortunate enough because I I took Tech you know technical trading is watching market trends so I studied for three years technical trading I’m not very good at it real estate guy real slow M and uh so I was watching Bitcoin
It went from nothing to 20,000 I went wow then it retrace back to nothing and then started coming up coming up it picked up momentum so I bought 60 Bitcoin at 6,000 I stopped so I’m in the money today so do you think it might become a relevant currency
We’ll see I just know this is God’s money this is God’s money was put here by God Bitcoin you know is the blockchain technology blockchain makes it valuable because it’s it got Integrity um what if the governments create Central digital currencies what are your thoughts on those I’d still rather have
This and and this I don’t know what I what I understand I could be wrong our Freedom’s gone they can track you by this you’re like right now I use my credit card right they know where I used it so if you go to cbdc Central Bank digital currency me that’s tracking on
Another level isn’t it that’s right is is that not 1984 George Orwell yeah that’s why I’m saying this is the end of the American Empire but we don’t know what the next one is do you think we might go back to a gold standard the evolution through de
Evolution we might but my question is I don’t care what they’re doing I want to know what you’re doing what you’re doing so I’m doing this yeah so when I talk to my friends I say how much of this have you got and how much of this have you got most people
Have a lot of this or or debt I’d rather have this so the end result of buying property is to get back to this yeah and pay no taxes and how old were you when you became a millionaire I don’t really remember I was just it wasn’t even in our minds you
Know my my best friend and I my best friend in 2020 sold this company for $2 billion since I’m a property guy I didn’t sell my properties but we were just best friends and we kicked each other’s butts along we played rugby together we fought we fought martial arts together but one
Of the best assets you can have as your friend so my friend and I always swore we’d be rich and we just we took courses we studied uh practice made mistakes and uh we both met at Xerox call it Rank Xerox here we both met at Xerox 19
1974 and we just push each other along and today we’re multi-billionaires so you’re a billionaire in debt yes no I own several tons of this what’s what’s this worth well if if an ounce is 2,200 someone can do the maths on that so I just startop this is the question okay
Everybody can afford this so that’s a silver coin 35 yeah the average guy cannot buy the silver m M entrepreneurs buy the mine so my mine is called yamana own this but not in China no no yeah m is in Argentina they played England the other night yes we just scrap
Through and then this year is gold I buy the mine now that’s what entrepreneurs do so the average person can afford this but most people choose this they’ll save this they’ll work for this they hang on to this they will not trade this for this that’s the problem you mentioned your friend Donald
Trump a lot do you think he’s going to be president again one day yes or no you know he’s a very good man I I I I I would vote for him obviously he’s a very good man um he is what he is he’ll tell you exactly where there no two Donald
Trumps he’ll tell you exactly where he’s at so I I appreciate his two sons Don Jr and Eric are good good friends of mine but we’re all politically incorrect because Don Jr and Eric and I are Hunters so we go to Africa all the time
So we start the spring box play the All Blacks you know and the oh you kill animals we’re Hunters so many people care about what you’re doing rather than what they’re doing you know what I mean so if if I go hunting it’s hundreds of thousands thousands of dollars that goes into the
African economy and as you know South Africa is going after Nelson Mandela and the you know the the rugby game and all this the greatest rugby game on Earth was played in South Africa after Mandela then they hate to say the other blacks took over and stole ripped the country countries going
Down I love South Africa but I go there and hate to be a racist but they can’t blame the white guys this time you know the black guys are running it down so you call it as you see it oh you’re a racist okay I’m not GNA live much longer am
I do you mind how old are you now Robert 77 wow and um you still do you is this like a a game to you is this a passion the investing yeah it’s it’s fun to me but teaching became my mission if you know
What I mean I went to milit I’m a rank knocker went to military school you have Sandhurst so I went to military school flew for the Marine Corps we’re Mission driven so money’s got plenty of money now we teach but I I don’t want to invest to
Lose money it’s I like making money and um when your time is up what are you going to do with this massive asset base that you it’s all going back already in in our my wife and I have a will it’s all goes into what’s called a trust and
Then continues on we don’t need the money and have you ever thought about I know you’ve got Rich Dad Poor Dad and um all the education have you ever thought about building schools change the school system we’re working on it right now not the school I don’t want
To there an all Irish proverb that goes if I knew where I was going to die I wouldn’t go there I was died in school my spirit died every time when I talk to these marxists that was the bird for those of you listening on audio no my spirit died in the
School right you know don’t make mistakes don’t do this memorize the answer I said I don’t want this I’m going to start my own system outside the system yeah well there the least amount of friction that way isn’t there yeah well I want to teach those who want to
Learn I was in school I was one of those kids who didn’t want I was as a surfer I love surfing yeah but um so I don’t blame the teacher I just wanted to Surf and then I wanted to learn how to fly so went I went to the best schools to
Fly US Navy flight school and Rich Dad Poor Dad that must be what 25 how many years 25 this year wow and how how many copies has it sold I don’t know in China Millions but they don’t pay me for it you’re not letting
That one go are you no I mean someone I I heard 27 million copies I don’t know if that’s accurate probably and that’s amazing what’s kind of funny I sit there and I’m autographing books and you can tell my books from the pirate books oh you can see the difference in quality
Cheaper sh yeah should we um yeah okay 32 million 32 million that’s counting you yeah how does that make you feel 32 million book it’s humbling I think the most amazing thing is to go around the world I meet guys your age now and say thank you the
Book changed my life I’m doing this because of this that’s that’s the biggest payoff there is yeah because when I wrote Rich Dad Port that every editor in New York said you don’t know what you’re talking about because I said three things I said number one the rich
Don’t work for money the rich work to acquire assets number two Savers are losers look at how much inflation and taxes are killing this thing and number three your house is not an asset so your job as a capitalist is to turn a a liability a house into an asset but the
Average person they buy a house what’s happening in America today I’m I’m sure here has tens of thousands of people are laid off what’s what’s killing them is our house they can’t afford the mortgage so instead of the house being an asset the house is a
Liability so do you rent your own home no no no no no no but I have 15,000 to cover that one right no so I I the the point is I my cars are liabilities if if Uber rented them it’ be an asset m if it cover all expenses
So it’s really it’s really defined in the numbers richad Port ises only a book on accounting that’s all it is so for most people they buy a house it cost some money so I paid cash for it you still have interest I mean you still have taxes and you still have upkeep
It’s a liability so you would invest in an asset to pay for the debt and then it wouldn’t be a liability anymore well it’s like I wanted a Rolls Rolls-Royce so my wife says you can have anything you want but you first got to buy the asset that pays for the
Rolls-Royce so I went out found an apartment house and bought the Rolls-Royce with the income yeah and do you do you put your do you put your cars in a company so you can write them off yeah that’s my chicken shot sh I mean how much do a roller cost
Here four 400 Grand maybe brand new yeah yeah so half a million dollar so I don’t want to pay for it so my so my I buy the apartment house first or the storage units and that buys the car right and would you would you prefer
To get it on a lease rather than own it I don’t care you don’t care I just don’t want to pay for it right I want my tenants to pay for it yeah that’s capitalism yes okay so we’re nearly time up I mean I’ve really enjoyed this thank fun yeah thank you
Can we do a quick fire we always end on a quick fire round sure yeah is your beef real with ground Cardone he’s my friend by the way and there was a bit of is that beef real or I beat with a lot of guys I’m a US
Marine no I just didn’t like what he was saying no I chewed him out of my show you kicked him out your show the issue was get into debt then worry about how you pay for it something like that so that I don’t do that no what’s the difference
Between what Grant does and what you do I make sure I can pay for it I don’t speculate I’m an investor like I I know I own this yeah there’s no counterparty risk to this I know it same as my property I know I own
It it may have debt on the property but I know I own it would you rather have um 10 million cash or 10 million extra social media followers and why oh social media followers why that’s where money comes From so you so you see social media as an asset as well oh damn right yeah what you’re doing is very smart I think that’s one of the biggest gifts given the young people social media you know I know women who make a lot lot of money selling I don’t know what they’re
Selling I’ve been thinking about buying some you know I’m talking about I was I I didn’t know this but some of those young girls make fortunes these all these ugly guys troll on them or you you you know what I’m talking about yeah they do make um I
Think some of them make in excess of 100 million recurring income as well like property as long as it convert it to this that’s fine always always turn your nudity into gold well you know when it starts to Sag the income goes down does Robert does money make you
Happy the game makes me happy right that’s like you know we went to the rugby game I was in heaven you know that’s you know the stands was just beautiful right the fans are happy everybody’s happy I mean in front of me was a South African guy talking to a
Kiwi you know and everybody just they love the game and even when you lost he Shake shot his hand thank you and is is money like a game then to you really is yeah that’s compared I’m take my like soccer we couldn’t believe the soccer fans would tear the F the place
Apart well my wife took me to the semi final as a surprise and um she was like how can we be in the same stand as the South African rugby player cuz she couldn’t understand that we’re it’s not like football no I was in South Africa for the soccer
World Cup it was horrifying fighting and that’s not rugby no what’s your biggest ever payday GE I don’t even remember I hate to be so like a you know but my payday comes when like like I’m walking off a plane and there’s young women or young man come and say thank
You that’s the payoff do you have a private jet of course do why of course tax so you can run the depreciation the expenses everything through more than you know wow yeah it’s the same as a house except I’m buying a G4 now you
Know I have a lay 60 right so I’m going for the G4 because it’s International but my bonus depreciation it’s only like 5 million bucks but I won’t pay tax it’s a free jet and then I get paid the income why wouldn’t I on a
Jet now if I use is expensive you know what I mean the expensive part about a jet not the price the expensive part of the jet when you start the engine so if I’m in the I’m a passenger that’s like me renting my own house so I don’t want
I don’t want to take my jet too much right it’s expensive um what’s the best money advice you ever a saved no an asked it for my liability and don’t work for money this is trash my richad was adamant about it and what’s the worst money advice you
Ever received from gr Cardone what did he say I don’t know I don’t even know what he said but he was on my he say something have a hot temper Marine pilot I was warned I thought you might walk out halfway through this interview I’m I feel really privileged
You haven’t well cuz you’re real estate guy Grant isn’t I’m not giving Grant a hard time now that’s like Tony Robins he’s one of the biggest funnies I was partners with Tony you were yeah Partners about 40 50 years ago wow what he says is not what he does how do you
Mean I understand this inside there’s a lot of people who say things just to so it sounds good if you know what I mean but anyway I just I walked away I I remember seeing something where you talked about the difference between fake rich and actual Rich can you talk
About that can you stop working the definition of wealth is not how much money you have if you stop working today let’s say you’re a husband and wife with three kids if you stop working today how long can you keep not working for most people it’s a
Month that’s gone the biggest problem I see happening right now is my generation the baby boom generation Our pensions are gone W stre RI them off so the people I get the most grief from are like CNBC and all that cuz I I said you guys are lying they’re not telling
People the truth their P their pensions are empty you my classmates and I were all were all my classmates went to fly for United Airlines good high paying job making like 60,000 a year was a lot of money back then and then they retired Wall Street took their pensions
But they don’t say anything about that I wrote a book called who stole my pension you’re going to find this is a prediction my generation buma generation were the first ones with what in America call a 401k Canada they call rrsps 41 kids and I what you call them here in
England they’re empty Wall Street robbed them they’re worse in Sam bman freed it’s a ponis king and you think owning your own real estate is probably the best replacement a real pension ah gold and silver no I have I have but I have tons of it M this one won’t make
You rich a ton of it will so the question is how do you get from this to a ton and that’s what my rich dad taught me in fact that’s what I’m in England for today is that’s that’s what I’ll be teaching tomorrow is how do you go from
Here to a go mine that’s entrepreneurship this is a punter regrets what’s your biggest regret being an too oh God in justification here having a hot temper as a marine is good you know there are so many times like where we’re based off a carrier and your your friends don’t come
Home we all launch we’re all by 25 years old we launch and your best friend doesn’t come back you know but made us stronger it also made us more hotheaded so I developed a real hot temp fast because when your friends don’t come back it’s not just the pilots that
Don’t come back the crew doesn’t come back and we learn how important the team is but I developed a very quick temper because when we took fire we had to go in I went down three times in Vietnam you know if I didn’t have a hot
Quick temper I’d be dead the guys that were nice guys thinking about it and I’m really proud of my roommate from the carrier he was running for speaker of the house in the US US Congress he became a lieutenant general I got kicked out as a lieutenant hot
Temper so it doesn’t work in the real world so that’s my biggest regret what’s your most good rugby player though what’s your most brutal life lesson the hardest life lesson you’ve ever had my wife left me oh previous one or current one current one 35 years she said I’ve had enough of your
oh wow it hurt yeah and when was this uh about 3 years ago oh no sorry to hear that Meo have you managed to connect it back up no no when you have as much money as she does she doesn’t need you anymore she she is a rich woman right
And um I tell I talk about my best friend and I so he and I pushed each other along so he sold this business for $2 billion do that’s a lot of money and the next thing you know his wife so it was Larry myself Larry and
Lisa Robert and Kim and we’re like one little happy little family going along everyone Larry sold his business for two billion Lisa took up Ferrari racing so she’s out here in in Europe campaigning her Ferrari and she fell in love with her Ferrari instructor her Ferrari instructor is a rich man
Today you know the story don’t you uh no no no you you know you know what happened yeah I can guess the punch line yeah young hot Ferrari instructor we’re just old men just all this money pen houses everywhere I mean this there a point where there’s too much money you
Know so same thing my wife says I don’t need you anymore bye wow just like that well a lot of times marriage is survival you know you need each other which is important or you have kids but once the kids are gone out so it’s happening a
Lot there’s a I was talking to my divorce attorney he says there’s a lot of gray divorces so people over 60 getting divorced now wow so it’s interesting times so we’re getting waves so this is the final one this show is called disruptors um what does the word disruptive mean to you innovator
Somebody’s going to make a change somebody who challenge what they’ve been told ATI is told go to school to get a job I said but what if I don’t want a job or save money and my rich say don’t save money until you challenge what you’re thought
Taught you’re sheep you know you know what they do to sheep especially in Ireland this has been so much fun oh it’s been fun thank you um obviously Rich Dad Poor Dad that is everybody knows that but where are you most active on social media or where can people
Follow your latest updates I think richdad.com right Twitter richdad.com and Twitter and is Twitter Robert kosaki is that the real kosaki the real kosaki I do I do my own yeah Robert thank you so much thank you I’m thank you rugby play on real estate would be better thank
You so if you like this episode number one make sure you leave a comment let’s discuss what you thought about this episode and if you want me to get more guests like this make sure you like the video subscribe to the channel and turn the notification Bell on and remember if
You don’t risk anything you risk Everything He
