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Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

Crucial Advice for Success: The Power of Choosing the Right Friends

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

The Rich Dad Company

Entrepreneurship, Business, Investing

4.13.9K Ratings

🗓️ 19 June 2024

⏱️ 35 minutes

🧾️ Download transcript

Summary

In this episode of the Rich Dad Radio Show, Robert Kiyosaki and Ken McElroy emphasize the importance of choosing friends carefully and surrounding oneself with the right people to advance in life. They discuss how associating with successful, like-minded individuals can lead to significant personal and financial growth. The discussion includes real-life examples of their own entrepreneurial ventures, the benefits of continuous education, and their experiences at exclusive events such as 'Limitless' and 'The Collective.' Tune in to learn how to make smarter decisions about your social circle and investments.

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Please read carefully.

This is not financial advice.

You may be asking, “what does that mean?”

Let me explain…

Do not just do what I, my team, or my guest says. That would be stupid and irresponsible. Take the education, then use your own brain and make your own decisions.

YOU must take responsibility for your future and your success. That is why you are here. Neither I, or my team, or my guests, know your risk levels, prior education, emotional maturity, or how much money you can afford to lose.

We are only telling you what we believe to be smart moves. But you must decide for yourself. There are NEVER guarantees.

Also understand that we are REAL teachers. We practice what we preach. With that in mind we often invest in the very projects that may be mentioned on this show. While it is never our intent, we could possibly profit from others investing in our recommendations.

Take the education we provide but then determine your own actions. If it does not make sense to you, get more education before you invest. We will continue to provide education and there will always be more opportunities.

Transcript

Click on a timestamp to play from that location

0:00.0

This is the Rich Dad Radio Show, the good news and bad news about money.

0:07.0

Here's Robert Kiosaki.

0:09.0

Hello, Robert Kiosaki, the Rich Dad Radio Show,

0:11.0

broadcasting from Phoenix, Arizona, and we have a very important show today.

0:15.4

Very dear, one of the best friends of all is Ken McElroy.

0:18.8

But the question Ken and I are asked all the time, especially from younger guys wanting to come up.

0:24.6

They say what advice do you have for young people male or female? What advice do you

0:29.7

have? I mean how do we advance through life and the answer is always the same it says you've got

0:36.5

to choose your friends carefully you know if your friends are losers the odds are you

0:41.9

a loser.

0:43.2

So they say that, they say that, somebody said,

0:46.9

I don't know who said it,

0:48.4

look at your five friends,

0:50.1

are they rich or poor, are they winners or losers?

0:51.6

Are they winners or losers? Like when I was in high school,

0:57.8

I knew my friends were great guys, you know, we're all surfers but when I graduated there were entrepreneurs like you know

1:06.4

Kenny and I are entrepreneurs but my classmates were entrepreneurs and what they

1:10.8

call tropical agriculture.

1:13.0

They were growing marijuana selling it,

1:16.0

and they're rich as hell, you know, so they're rich guys.

1:19.0

But they're outlaws, they're criminals.

1:22.0

And I just stopped hanging around with them.

...

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