500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming
BiggerPockets Real Estate Podcast
BiggerPockets
4.8 • 16.5K Ratings
🗓️ 2 September 2021
⏱️ 75 minutes
🧾️ Download transcript
Summary
Robert Kiyosaki is arguably the most influential author in the finance, real estate, and investing space. His book, Rich Dad Poor Dad, has sold over thirty million copies and has been translated into forty different languages across forty different countries. Since its inception in 2002, Rich Dad Poor Dad has become almost every investor’s favorite book, prompting them to get out of the rat race, pursue financial independence, and teach them everything Robert’s “Rich Dad” taught him.
Robert has seen numerous housing cycles, including crashes, booms, and busts. His knowledge of micro and macroeconomics is astounding (to say the least) and he has some strong predictions for the future of real estate investing and the global economy as a whole. We talk about capitalism, marxism, communism, inflation, debt, assets, liabilities, and everything in between. This episode is not only crucial for anyone who is a fan of Robert’s books, board games, and videos but anyone who truly wants to learn the game of real estate.
As a general word of advice: Robert has some very strong opinions that he voices throughout this episode, and even if you disagree with any (or many) of them, it may serve helpful to listen to his full explanations of his takes. Robert has built an incredibly successful life, but started as a child of a financially dependent family, served in the marines during the Vietnam war, and has fought hard to keep capitalism alive and well in the United States, and abroad.
Be sure to grab Robert’s new book, Capitalist Manifesto, and thank you for joining us for the 500th episode of The BiggerPockets Podcast!
In This Episode We Cover:
Why Rich Dad Poor Dad remains a timeless classic in the investing world
Why Robert favors real estate, precious metals, and cryptocurrency above other assets
The difference between an asset and liability, and why so many Americans confuse them
Writing (and fighting) for freedom, prosperity, and wealth
Paying attention to the macroeconomic trends and using them to make smarter investing decisions
The assets that Robert is bullish on in today’s market
Why you need to love studying real estate to become successful
And So Much More!
Links from the Show
BiggerPockets Podcast 479: 10 Powerful Lessons Brandon Learned Building a $50M+ Rental Portfolio
David's Guesting on Ken McElroy's Show
Check the full show notes here: https://biggerpockets.com/show500
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
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| 0:00.0 | This is the Bigger Pockets Podcast Show, 500. |
| 0:04.8 | My rich dad said the same thing. |
| 0:06.3 | It says the purpose of a business is to buy a real estate. |
| 0:10.1 | And if you understand that, your brain will shift. |
| 0:14.4 | But it's not about starting a business to make money. |
| 0:17.6 | The purpose of a business is to acquire a real estate |
| 0:21.1 | so you can use massive amounts of debt and pay no taxes. |
| 0:25.9 | You're listening to Bigger Pockets Radio, |
| 0:28.5 | simplifying real estate for investors large and small. |
| 0:32.2 | If you're here looking to learn about real estate investing, |
| 0:34.8 | without all the hype, you're in the right place. |
| 0:38.1 | Stay tuned and be sure to join the millions of others |
| 0:40.9 | who have benefited from BiggerPockets.com. |
| 0:44.0 | Your home for real estate investing online. |
| 0:47.2 | What's going on, everyone? It's Brandon Turner, host of the Bigger Pockets Podcast. |
| 0:50.7 | Here for episode number 500, crazy, with my co-host, |
| 0:56.2 | Mr. David, the capitalist green. |
| 0:59.0 | What's up, man? How you doing? |
| 1:00.3 | I'm doing really, really well with all my |
| 1:02.8 | capitalistic ventures. |
| 1:03.9 | The mortgage company is doing good. |
| 1:05.9 | The real estate team is doing well. |
... |
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