84: Robert Kiyosaki | The Rich Don’t Work For Money | Rich Dad Poor Dad Author | Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 20 May 2016
⏱️ 57 minutes
🧾️ Download transcript
Summary
#84: Robert Kiyosaki is our guest today. He tells us about his friendship with Donald Trump, why he’s buying oil, discusses the four types of intelligence, and tells us about his long-predicted Economic Crash.
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Listen to this week’s show and learn:
02:24 Kiyosaki has influenced Keith’s investing thoughts more than anyone else.
04:17 A 401(k) is not a good investment. Why not? It doesn’t pay you. You pay it.
06:46 The words you use help define the life you live. Examples: “cash flow” vs. “budget” and “saving money” vs. “getting liquid.”
09:54 “Rich Dad, Poor Dad” meaning, and global reach.
19:36 What Kiyosaki learned from Donald Trump.
22:04 Four types of intelligence: IQ, EQ, PQ, SQ.
24:25 Savers are losers. Why would you save money?
25:24 Economic Crash of 2016?
27:54 Robert has lost money in business, but not in real estate.
30:05 How to invest $100,000 today.
33:38 Kiyosaki is buying oil.
36:50 Giving to others.
38:00 Good Debt vs. Bad Debt. Fiscal vs. Economic.
40:38 Studying and learning leads to winning at investing.
42:09 QE, Inflation, and Gold.
46:53 Interview recap.
48:21 Instead of saying “It Can’t Be Done,” ask “How Can It Be Done?”
51:09 Don’t live below your means, expand your means.
Resources Mentioned:
The Real Estate Guys Investor Summit At Sea
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Transcript
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| 0:00.0 | Get Rich Education is brought to you by Norrata Real Estate, International Coffee Farms, and Corporate Direct. |
| 0:08.4 | Garrett Sutton here, Robert Kiyosaki's Aset Plotection Attorney and the author of Loopholes of Real Estate. |
| 0:14.7 | As an American or foreign-based investor in U.S. real estate, you know we are a litigious society. |
| 0:22.2 | You know that you need to protect your real estate and paper asset holdings with the right mix of LLCs and corporations. |
| 0:28.6 | My firm Corporate Direct not only forms these entities, but importantly, we properly maintain them, too. |
| 0:35.4 | If you fail to follow the corporate formalities, you can lose it all in an instant. |
| 0:40.7 | Corporate Direct is your source for LLC protection and maintenance in all 50 states. |
| 0:47.0 | Visit CorporateDirect.com or call 800, 600, 1760. |
| 0:52.6 | Mention Get Rich Education for a free bonus. |
| 0:55.8 | Switch your resident agent service to us and receive another bonus. |
| 0:59.6 | It's all good. |
| 1:00.8 | We look forward to assisting you at CorporateDirect.com. |
| 1:09.0 | Welcome to Get Rich Education with Keith Weinhold, giving you information and ideas on the investment that has turned more ordinary people into millionaires and billionaires than anything else, and can provide you with more wealth and happiness than you ever thought possible. |
| 1:30.1 | Now, here's your host, investor, |
| 1:40.7 | entrepreneur, business owner, and educator, Keith Weinhold. Welcome to Get Rich Education, |
| 1:47.2 | episode 84. I'm your host, Keith Weinhold, with listeners in 164 world nations. |
| 1:52.7 | Thank you for making us iHeartRadios investing show choice, and thank you for being here. |
| 1:56.2 | But as always, you're not here for me, you're here for you. |
| 2:00.7 | That's why I'm back for another week to help you build your wealth. |
| 2:10.8 | Because you've got to beware of the scarcity mentality, since the scarcity mentality is abundant and the abundance mentality is scarce. |
| 2:17.4 | Our guest today is Robert Kiyosaki, the very well-known rich dad, poor dad author. In fact, he is the number one |
| 2:20.1 | selling personal finance author of all time. And his thoughts have had more influence on this show |
... |
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