126: Robert Kiyosaki | You Are The President Of Your Own Life
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 10 March 2017
⏱️ 49 minutes
🧾️ Download transcript
Summary
#126: Robert Kiyosaki is our guest today. He’s the #1 Selling Personal Finance Author Of All-Time. He’s authored numerous titles, including the mega-popular “Rich Dad, Poor Dad”.
He leads the Rich Dad Company, whose mission is “Elevating the financial well-being of all humanity.”
Don’t work for money. Let your assets produce money for you.
Kiyosaki’s enduring mantras include: The Rich Don’t Work For Money | Your House Is Not An Asset | Don’t Live Below Your Means, Expand Your Means | Savers Are Losers, Debtors Are Winners and countless other influential quotes and statements.
Keith hosts today’s show from Anchorage, Alaska.
Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities.
Listen to this week’s show and learn:
02:12 The power of the book “Rich Dad, Poor Dad”.
04:23 Robert Kiyosaki interview begins.
05:12 Kiyosaki: Our school system is corrupt.
07:36 The Communist Manifesto (1848) by Karl Marx and Friedrich Engels.
10:16 If you own enough production, you won’t work for money.
11:16 Dying capitalism in the United States.
13:05 “Don’t live below your means. Expand your means.”
15:25 Kiyosaki adds 300-400 properties to his portfolio annually.
16:39 “Printing money on demand.”
18:17 Oil prices.
21:21 You Are The President Of Your Own Life.
24:28 Before buying real estate, consider the amount of debt you can get. Net Operating Income. Consumer Debt vs. Investor Debt.
26:44 20th Anniversary Edition of Rich Dad, Poor Dad.
29:18 The rich, middle class, poor. Concern about a crash. Debt and taxes.
30:32 What can the everyday person do?
31:04 Kiyosaki: We’re going into a depression.
34:45 Weinhold on debt.
36:10 Eight old rules of wealth. It’s faulty financial programming.
39:35 Ripping 401(k)s.
41:16 Telling yourself the truth.
41:53 Donald J. Trump. Keith gives a political opinion.
Resources Mentioned:
Transcript
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| 0:55.9 | with more wealth and happiness than you ever thought possible. Now, here's your host, investor, |
| 1:02.7 | entrepreneur, business owner, and educator Keith Weinhold. Welcome to Get Rich Education, episode 126. |
| 1:14.8 | I'm your host, Keith Weinhold, and thanks so much for your devoted listenership across |
| 1:19.1 | 179 world nations and from Albania to Alberta to Albany, New York. |
| 1:25.1 | Today we're talking with the number one selling personal finance author of all time. |
| 1:30.6 | Of course, that's Robert Kiyosaki. |
| 1:33.0 | You're going to find out what he's been up to since he was here last year and get his thoughts |
| 1:37.5 | on wealth creation. |
| 1:39.6 | I'm sure you probably know that Robert Kiyosaki authored the mega mega popular 1997 book, Rich Dad, Poor |
| 1:48.0 | Dad, and It impacted my life deeply like it probably has yours. Our show gets 13,000 to 14,000 listens |
| 1:57.5 | every week, so I bet there's at least, say, 1,000 of you that haven't read |
| 2:02.9 | Rich Dad Podad, so if you haven't read it, read it. The book tells us how you can think and act |
| 2:10.6 | like the wealthy, and I think that part of the Rich Dad Poor Dad Book's power is that it tells |
| 2:16.9 | you things that you've thought |
| 2:18.5 | before, but you had never actually seen in writing. So it kind of validates what you had long |
| 2:25.1 | thought, but just hadn't seen yet. And that's why it inspires you to act. And I think you know |
| 2:31.8 | that Rich Dad Poor Dad inspired me back in 2002 to make my first ever |
| 2:35.9 | home purchase a fourplex building where I lived in one unit and rented out the other three |
... |
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