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Poverty is Not An Accident | An Illuminating Interview With Robert Kiyosaki

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10:01   |   Jun 20, 2019

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Poverty is Not An Accident | An Illuminating Interview With Robert Kiyosaki
Poverty is Not An Accident | An Illuminating Interview With Robert Kiyosaki thumb Poverty is Not An Accident | An Illuminating Interview With Robert Kiyosaki thumb Poverty is Not An Accident | An Illuminating Interview With Robert Kiyosaki thumb

Transcription

  • What the school teach you about money nothing and that's not a mistake that's not an accident
  • The way to keep the poor middle class working hard is never teach them what the rich know
  • What the rich teach our kids about money the poor middle class do not
  • If you read Rich Dad Poor Dad rich dad's lesson number one
  • The rich don't work for money
  • Don't you touch that stuff if I pay you you think like an employee your brain will change?
  • If you learn never to work for money, you'll be a rich man
  • The people that are being screwed today are the poor little class because they work for money
  • You know the bank repairs they're not working for money they have money working for them. Yeah very big difference in mentality
  • What is financial education?
  • It's not get a job work hard save money and invest in a well-diversified portfolio
  • stocks bonds mutual funds and ETFs
  • That's not it the financial industry is two things debt and taxes
  • Debt and taxes and we still tell kids to go to school get a job
  • Work hard save money and get out of debt
  • Now who tells them to do that. That's the most ridiculous thing
  • There is the book starts and it says line number one
  • Saving money will make you rich and never will you know that all taught that is kids. Yeah
  • Because they can print it. Why would you save it? And why would you work for it if they can print it?
  • And faster than you can work for it
  • and
  • Number two is they keep dropping the interest rates on it, you know, Japan still has dessert zero interest rate policy
  • And the Japanese are the biggest savers in the world and I'm Japanese and fourth generation. They're not too bright, right?
  • Why do you keep saving when they're printing it?
  • You know everyone I'm in Japan
  • And that's what I mean by fear
  • They're so afraid
  • Because of Japanese good culture, but they do as you're told
  • It's very conformist. Very conformist America first so they just do us are told and
  • Then they just save money and their government the sky obey abenomics
  • it's just printing trillions of it and buying ETFs with it and
  • And they don't know what to do
  • They're afraid they might make a mistake a good little students in school. Go to school get a job
  • Don't make mistakes
  • So what happens to the average person in a financial crash?
  • They don't know what to do. And right now as you know for the middle class of the world, we're in a crash
  • the you know, the the purchasing power of the
  • yen the Euro the rupiah all going down and people are working harder and harder and harder and the
  • Central banks of the world are printing more money
  • And so if someone's listening to us that's stuck in that poor middle class trap and they hear it's their fear that ultimately is keeping
  • them from that
  • That's a hard thing to hear Robert
  • But you're going to give them the information about what they can do if they can get out of that fear
  • well, every time I and I do a lot of speaking to the
  • masses out there, you know Lehman doesn't invite me up because we're gone, but
  • they go what what you know, it's so risky what you're saying is risky I said
  • What I do isn't risky for me. What's risky for you? And when somebody says what is risk guess the look in the mirror
  • Jen I mean for me to fly in Vietnam that was high risk, but the higher the risk the more you have to study you
  • know that I know that
  • So if you're not gonna study, you're not gonna practice and all that then you should do what Wall Street tells you to do
  • buy
  • 401ks mutual funds ETFs
  • And all that, but that's where they're fake assets because he'll they make Wall Street or the City of London rich
  • Just watch where the cash is flowing follow the money
  • the reason
  • The rich don't work for money is number one expensive tax
  • See, there's three kinds of income earned
  • portfolio passive
  • So earned income is if I get a job, that's earning
  • If I'm a doctor or a programmer, that's earning because I'm working for
  • If I buy US by pilots at Apple for $10, I sent up a 20 that's portfolio income capital gains. Yeah
  • But passive income which is cash flow
  • It's never taxed
  • So it's not in the soul of these guys are screaming right now in America tax too. Rich as a good luck
  • Because most of the guys complaining they don't know those three kinds of income and the rich don't have jobs. Anyway, they have assets
  • And so the average small on there a poor guy, you know sent the kid to school. They don't learn this
  • So that's why in fake as he were talking about it
  • there's a newspaper article about Jared Kushner and
  • He explains how the trumps and the Kushner's don't pay taxes and make millions of dollars and the reporter couldn't understand him
  • because they're not our schools will never teach you the
  • Three types of income and they judged him and say they're wrong and it's cheating and we see that over and over again
  • Amazon not paying taxes. What do you say to people when they come up to you and say Robert? It's not fair
  • It's not fair. They're not paying taxes. Well, there's always three sides to a coin, you know heads tails into edge
  • You know some would say the coin a yuan from my side. It's fair
  • But this is the difference. Everybody can do the same thing. I do because the tax laws are for everybody
  • You know, they don't say well the tax also only for the rich
  • no, the tax laws are for everybody to use if you have the right financial education and
  • There is that I'm an advocate of financial education without that education. You'll have to pay taxes you
  • See very few people will buy what I do
  • Make a million dollars and pay zero tax
  • That takes and my rich dad taught me that playing Monopoly. That's how it started, you know for green houses one red hotel
  • Or the McDonald's for me. I write about it. Yeah McDonald's Ray Kroc. Yeah
  • McDonald's is in the real estate business. So they sell hamburgers, but they buy real estate. They pay no taxes
  • You know this guy Bezos, but he's sixteen billion dollars how much tax did append a 16 billion?
  • Sir and that's all legal anyone can do it. Everybody could to put everyone most people lack the education
  • Carl jerod learned about money when he was a kid by watching his father there watching these people vest in real estate and said wow
  • Not only do you get to make the money you get to keep the money. That's a big problem
  • A lot of people don't understand they look how much money I made but how much did you keep because that could be half
  • That's what you pay. Right? What tax did you pay?
  • And so you always say this is the law
  • The law is true for every citizen you can do it, but most people just don't do it
  • Sometimes like you said, they don't have the education but you need to have a plan if you're gonna go do risky things
  • Well, that's not risky. I mean to me what's what's risk is having a job and paying taxes and saving money because they're printing it
  • You know
  • that's the worst thing of all and that's why there's
  • fake money
  • Fake teachers the teachers will never they don't know it
  • and fake assets because Wall Street of the City of London or
  • Lehman Brothers or Goldman above they're not going to tell you this. Yeah, how are their billionaire bankers today?
  • I've been supposed to be watching your money. You know, you said in here also
  • The greatest asset you have is your mind
  • What does that mean?
  • If you really want to be a rich take a class on real estate once you understand real estate is based on debt
  • Learn how to use debt as money. So once you learn how to use debt as money, you can never say I can't afford it
  • Because the banks will give you so the banks after the crash of 2008
  • The banks gave me three hundred million dollars tax-free
  • to buy real estate that the idiots had lost
  • Heythis, and that every idiot is because the prices were so high
  • Why would you buy it at the top of a market don't you know, that's gonna crash
  • they all now know this is the other was the
  • subprime wasn't derivatives market
  • MBS and all that stuff had driven the price of real estate so high and the rest of us were just waiting and
  • then when the whole thing came crashing down
  • All this real estate was now available and they needed, you know, the Fed and those guys in the Treasury needed guys
  • I gots to go in there
  • So Wall Street gave us hundreds of millions of dollars to mop up all that real estate
  • These guys had lost now, it's fair because everybody could do it
  • So, you know when I ask the average guys that can you why not used it. They can't even get a loan
  • Because there are scores their FICO scores won't let me have them your are so bad
  • Right, so that that's what's going on in the world today. It's fake money fake teachers fake asses
  • The schoolteachers will never tell you that because they don't know it my poor dad
  • Never knew that and he thinks they think the rich are crooks
  • The risks just played by different laws
  • The rules are the same
  • But you have to do what the government wants you to do
  • Never say I can't afford it ask yourself
  • How can I the reason I have so much money is because I don't say I can't do it. I just go
  • How can I do it?
  • And I guess go into it. I make a lot of mistakes
  • But that's how I learn, how can I it's just a matter of personal well power which is spiritual just saying
  • If they can do it I can do it
  • And how can I how can I and I think it's you once said words become flesh. Yep

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"Never Teach Them What The Rich Know" . This interview will open your eyes.
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