Robert Kiyosaki joins me for a deep conversation about his classic book Rich Dad, Poor Dad.Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTRobert’s twitter: https://twitter.com/theRealKiyosakiRobert’s website: https://www.richdad.com/CHANNELPodcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1RSS Feed: https://feeds.simplecast.com/MLdpYXYITranscript:EPISODE00:00:00 “What is Money?” Intro00:00:05 NYDIG00:01:22 Kiyosaki’s “Rich Dad, Poor Dad”00:03:15 A background on “Rich Dad, Poor Dad”00:06:07 Entrepreneurship as a way out of being a slave to the rich00:09:06 Education as an indoctrination into Socialism00:12:40 The four kinds of people00:14:28 Capitalists vs Bureaucrats00:16:25 Assets, Debts, and Liabilities00:26:10 The Definition of Money00:28:00 Anti-Property Propaganda00:35:33 The Value of Untraceable Property00:46:16 Money and Entrepreneurship00:52:25 Inflation, A Punishment on the Working Class00:54:03 The Cashflow Board Game00:57:10 The Fundamental Divide Between the Bureaucratic and the Capitalist Mentality00:59:04 Putting your Money to Work for you01:03:22 Debt Management01:05:16 Failure is a Part of Success01:06:40 The Primal Nature of Man01:19:21 Money as a MentalitySOCIALTwitter: https://twitter.com/Breedlove22LinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22?lang=enAll My Current Work: https://linktr.ee/breedlove22WRITTEN WORKMedium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/WAYS TO CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://venmo.com/code?user_id=1784359925317632528The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=trueBITCOIN BUSINESSESUse Discount Code "Breedlove" for Bitcoin Custody w/ Casa: https://keys.casa/#plansBuy Bitcoin in a Retirement Account w/ DAIM: https://daimio.typeform.com/to/oU5OHXMZStack Sats with Swan Bitcoin: https://www.swanbitcoin.com/breedlove/
An eye-opening interview with Robert Kiyosaki – the economic shock ahead in 2021
The Michael Yardney Podcast | Property Investment, Success & Money
My special guest for today’s show is Robert Kiyosaki of Rich Dad Poor Dad fame. I spoke with Robert on my podcast last year at the beginning of Covid when he warned Australians about the challenges for our economy ahead and the opportunities that he felt would come at the other side of the downturn. Now I didn’t agree with everything he said, but I respect that he has taught not only me, but millions and millions of people about the basics of financial literacy, so I was keen to hear his opinions. Fortunately, Robert’s dire predictions didn’t come to pass, so I was pleased when he reached out to me again recently to be on my podcast so I could ask him what the biggest surprise was for him over the last 12 months. You’ll hear how Robert’s teachings challenge conventional thinking about money and he suggests that you should be doing what the 99% are not doing. You’ll hear Robert speak positively about Australia’s opportunities, but you may be shocked by some of his predictions of what will happen before these opportunities arise. As I said, I don’t agree with all of Robert’s thoughts, his ideas about real estate, and his forecasts for what’s ahead for the economy, but rather than debating him, I gave him the airtime he deserved, and then after our chat, I’ll share my views. So don’t panic if you hear some of Robert’s extreme thoughts, but please listen to the whole show including my thoughts, and then you’ll have both sides of the discussion argument to make your decisions on. My Chat with Robert Kiyosaki For many years Robert Kiyosaki has been one of the most respected voices in the world on growing wealth. He is best known as the author of Rich Dad Poor Dad which is the #1 personal finance book of all time and Robert has challenged the way tens of millions of people around the world think about money. Some of the topics Robert and I discuss: Robert’s background and credentials What surprised Robert over the past 12 months He believes the United States is desperate and dumping money straight into the economy, rather than through the banking system Why real estate is Robert’s preferred investment vehicle He likes being able to use debt to buy real estate and lower tax obligations He believes that his concepts are applicable to Australia as well as the US because he’s made money in Australia using his concepts Robert’s investment philosophy hinges on self-education rather than trusting the government Robert’s explanation of his Cash Flow Quadrant The Quadrant uses the letters are “E”, “S”, “B” and “I”. “E” stands for Employee. “S” stands for Self- employed or Small business. “B” stands for Big Business and “I” stands for Investors. Why Robert believes that the world’s biggest financial crash is on the horizon He believes that we’re in a bubble because the US has been printing money instead of fixing mistakes He does not believe the bubble is likely to deflate slowly Robert believes that it’s difficult to know what will cause the bubble to burst, but that it will probably be something small added on to a pile-up of things He believes that Australians should not be complacent about their susceptibility to a bubble Robert also believes that a home is not an asset This is because he believes that assets bring in cash, while liabilities cost money, and a home costs money Robert will be doing a live event with Harry Dent while he will explain more about what he believes will happen and what opportunities will arise from it. My response to Robert’s thoughts In the show I give you an alternative view on 2 of Roberts assertions: What’s in store for our economy and His concept of what makes a good property investment. Property. Robert clearly knows a lot about United States Real Estate – where the rules are very different, the tax regime is very different, the markets are very different and the way to invest is very different to Australia. In fact, if I think about it the way I would invest in real estate in New Zealand is very different from how I would invest in Australia even though our countries and economies are more similar than Australia and the USA. Our property markets are underpinned by the fact the 10.6 million properties around Australia are in general owned by homeowners – in fact, 70% are owned by homeowners and half of these homeowners don’t have a mortgage against that property. And for the other half that do you have a mortgage, many of them are ahead in their payments while others are using the mortgage to support the purchases of investment properties. There is not a real property debt problem in Australia. How I see it is that the way you get income from your investment properties is in 4 ways. Capital Growth Rental returns tax benefits Accelerated/ manufactured growth. Unfortunately, too many people look for cash flow from their residential real estate investments in Australia and that’s just not how it works. Our economy When I spoke with Robert last year, he was concerned that Australia would fall into recession as with most countries around the world. And that prediction came true, but the recessions weren’t as deep voice disastrous as he expected because our governments have learned they can buy their way out of a recession by spending money. Australians perform better than most advanced economies and of course, we are still susceptible to coronavirus-induced problems and I won’t even discuss the potential geopolitical problems with China, but I see a number of reasons to be optimistic about the future. Global economic growth is recovering rapidly Australian consumers are going to keep spending. Fiscal stimulus will continue Monetary policy remains ultra-easy New migrants will flood into Australia when the borders open Your home as a stepping-stone In this new age of property investment, when interest rates are accommodatingly low and mortgages so cheap, present-day homeowners are actually sitting on a potential goldmine. Far from being a drain on the household coffers, many of us are taking the opportunity to reduce our mortgages faster, contributing extra to our continually shrinking monthly repayments. In turn, some property owners are building up equity at a considerable rate, with the help of the long-term appreciation of well-located property. Take select pockets of the Melbourne, Sydney, and Brisbane property markets for instance, where homeowners have enjoyed significant growth on their principal place of residence over the last few years without lifting a finger. Some of them are leveraging the hundreds of thousands of dollars worth of equity they’re literally sitting on (or in) to invest in further high growth assets, while others are cashing in on a rapidly moving rental market and erecting granny flats in the backyard to create quick (and lucrative) accommodation. Now more than ever, your home can and should be an integral part of your investment game plan. Resources: Michael Yardney Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Robert Kiyosaki’s Australian Virtual Event – www.robertandharry.com Shownotes plus more here: An eye-opening interview with Robert Kiyosaki – the economic shock ahead in 2021 Some of our favourite quotes from the show: “I think it’s important to not go forward with blinkers on, to listen to people with various opinions, especially from people who’ve got a track record.” – Michael Yardney “Our property markets are underpinned by the fact the 10.6 million properties around Australia are in general owned by homeowners.” – Michael Yardney “First of all, it’s not just Australia – global economic growth is recovering rapidly.” – Michael Yardney PLEASE LEAVE US A REVIEW Reviews are hugely important to me because they help new people discover this podcast. If you enjoyed listening to this episode, please leave a review on iTunes - it's your way of passing the message forward to others and saying thank you to me. Here's how
Rich Dad's Increase Your Financial IQ: Get Smarter with Your Money - Full Audiobook - by Robert Kiyosaki
GROUND SOUNDS Podcasts
Many of our global economic problems started in 1971...when President Richard Nixon took the U.S. off the gold standard. Throughout history, when a government went off the gold standard, an age of turbulence began. In 1997, Robert's book Rich Dad Poor Dad stunned readers stating, "Your house is not an asset." As howls of protest went up around the world, the book went on to become an international bestseller and the #1 personal finance book of all time. Rich Dad Poor Dad is not a book on real estate. It is a book about the importance of financial education. Rich Dad Poor Dad was written to prepare you and your loved ones for the financial turbulence Robert's rich dad saw coming. In 2007, as homes declined in value or were lost to foreclosure, millions of homeowners painfully discovered the wisdom of words of Robert's rich dad. Today we are all aware that a home can be a liability. Today we know a home can go up or down in value. Today, we all know a person can lose money investing in the stock market. Today we all know our money can go down in value and that even savers can be losers. This is why financial intelligence is more important today than ever before. In a world of financial turbulence, your best asset is financial IQ. Check out our official page - groundsoundspodcasts.wordpress.com Book in the episode- https://amzn.to/3AfgDhC Get Audible free trial for one month- https://www.amazon.in/dp/B077S5CVBQ/?ref=assoc_tag_sept19?actioncode=AINOTH066082819002X&tag=groundsoundso-21--- Send in a voice message: https://anchor.fm/ground-sounds-official/message
ROBERT KIYOSAKI 💰 - WHY DEFI IS THE BIGGEST OPPORTUNITY IN CRYPTO RIGHT NOW 🎬 Episode
🔥 Join my DeFi Academy: https://londonreal.tv/defi 💰 Launch your Online Business in. 8 Weeks: https://londonreal.tv/biz FREE FULL EPISODES: https://londonreal.tv/episodes SUBSCRIBE ON YOUTUBE: http://bit.ly/SubscribeToLondonReal#LondonReal #BrianRose #DeFi 2021 SUMMIT TICKETS: https://londonreal.tv/summit/ NEW MASTERCLASS EACH WEEK: http://londonreal.tv/masterclass-yt LATEST EPISODE: https://londonreal.link/latest
#29: Meeting Robert Kiyosaki Saved Me From My Real Estate Nightmares w/ Dr. Jinhee Park
Dr. Jinhee Park is a full-time locums FM physician and real estate investor who also runs a virtual integrative holistic health practice.In this episode we talk about:The real cause of physician burnout (hint: it’s not the hours)Chinese herbal medicine and acupunctureThe reality of real estate investing (and how to overcome common roadblocks)How working locum tenens has allowed her pursue what she’s really passionate aboutLinks and MentionsHealth Experts AllianceRich Dad, Poor Dad ProgramDr. Jinhee Park’s websiteFind Dr. Park on LinkedInFind Dr. Park on TwitterFind Dr. Park on Instagram***If you enjoyed the podcast, would you please consider leaving a short review on Apple Podcasts? It takes less than 60 seconds, and it really helps us get the word out about the show.For more thoughts about physician independence and autonomy, visit us at:sycamoredocs.comtwitter.com/sycamoredocsyoutube.com/sycamoredocsfacebook.com/sycamoredocsinstagram.com/sycamoredocsCredits:Theme Music - White Waves by Shearwater
Garrett Sutton Share Real Estate Inside Secrets He Learned From Traveling With Robert Kiyosaki
Capital Gains Tax Solutions Podcast
Garrett Sutton is the founder of Corporate Direct, and he founded that in 1988 to assist entrepreneurs and investors in protecting their assets, maintaining their privacy, and advancing their financial goals. He is also a best-selling author and one of Robert Kiyosaki's Rich Dad advisors.Garrett Sutton grew up in San Francisco Bay area and went to the University of California at Berkeley, Hastings Law School in San Francisco, and the University of California's Law School in San Francisco. He always liked corporate law, and he practiced law in San Francisco and Washington, DC.He became very fortunate to become associated with Robert Kiyosaki and his team in the year 2000. He worked with Robert and the team for 20 years, and they've traveled not only in the United States but around the world, teaching financial education. He has a great desire for people all over the world to learn about financial education, and it's just been really rewarding.In our conversation, we discussed:How to protect your assetsImportance of diversification, liquidity, and being out of debtHow they assist people leaving the state of CaliforniaImportance of investing in real estate based on what he learned from Robert KiyosakiLove the show? Subscribe, rate, review, and share!Here’s How »Join the Capital Gains Tax Solutions Community today:capitalgainstaxsolutions.comCapital Gains Tax Solutions FacebookCapital Gains Tax Solutions Twitter
AB 342: Listen To Your (Rich) Dad: a Conversation with Robert Kiyosaki
All Business with Jeffrey Hayzlett
Even people who don’t know anything about finance have heard of Robert Kiyosaki’s best-selling book “Rich Dad, Poor Dad,” but did you know it all started with a board game? That’s just one of the revelations uncovered in this episode of All Business. Jeffrey and Robert talk about why Robert doesn’t trust cash, where he thinks you should invest, how he makes his money, and how podcasting helped him grow his business.Join the C-Suite Network: https://c-suitenetwork.com/executive-membership Learn more about your ad choices. Visit megaphone.fm/adchoices
06: Dave Ramsey vs Robert Kiyosaki! Who is Right About Debt?
Is debt something you should fear? Or is it something that can be used?Should you do everything to stay out of debt? Or should you leverage as much as you can?Dave Ramsey? Or Robert Kiyosaki?In this episode, Jeff and Baxter start to break down debt and how they plan on using it as a tool instead of a crutch.This content is created and authored by Jeff James, Joanna James, and Baxter Robb (the “Content Creators”) and is published and provided for informational and entertainment purposes only. The information in the content constitutes the Content Creators’ own opinions and it should not be regarded as financial advice.The opinions expressed by Potentially Successful Media are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide education about the financial industry. The views reflected in the commentary are subject to change at any time without notice.Nothing by Potentially Successful constitutes investment advice, performance data or any recommendation that any security, portfolio of securities, investment product, transaction or investment strategy is suitable for any specific person. From reading/watching our content we cannot assess anything about your personal circumstances, your finances, or your goals and objectives, all of which are unique to you, so any opinions or information contained in our content are just that – an opinion or information. You should not use our content to make financial decisions and we highly recommended you seek professional advice from someone who is authorized to provide investment advice.
this week we share our thoughts on one of the most famous books ever written in the business category RICH DAD POOR DAD. This booked has shaped many peoples lives and put people on the path to financial freedom, but did we all enjoy it? Find out if we think this book can help you and if it is worth the read from our own personal opinions. As ever this episode comes complete with the usual fun and humorous bits. Enjoy!