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

How Entrepreneurship Builds Stronger Communities

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

🗓️ 29 May 2024

⏱️ 37 minutes

🧾️ Download transcript

Summary

Join Robert Kiyosaki, author of "Rich Dad Poor Dad," in this insightful episode of the Rich Dad Radio Show as he interviews Dennis Yellowhorse Jones, a prominent Navajo entrepreneur and president of U-MATE International. Dennis shares his journey from growing up on the Navajo reservation to creating a successful business that not only supports his community but also addresses critical issues like unemployment and economic development.

In this engaging discussion, Dennis reveals how his family's coal mining operations led to the discovery of humate, a mineral with incredible agricultural benefits. He details the challenges and triumphs of bringing this product to market, collaborating with major companies like Dole and Idaho Farms, and expanding its applications from soil remediation to animal feed and even human consumption.

Robert and Dennis also dive into the broader socio-economic issues faced by Native American communities, including the impacts of historical land policies and the ongoing efforts to create sustainable economic opportunities. Dennis's passion for his heritage and his innovative approach to entrepreneurship provide valuable lessons for anyone interested in business, social impact, and indigenous cultures.

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See important disclosures at masterworks.com/cd

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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, hello, Robert Kiosaki in the Rich Dad Radio Show.

0:12.0

We're broadcasting from Phoenix, Arizona where it's either heaven or hell, and right now it's about to turn to hell. It means getting hot and it's nice, but it's a great place to live.

0:22.0

As many of you know who follow the Rich Dad. but it's a great place to live.

0:23.0

As many of you know who follow the Richdad program,

0:26.0

our focus is basically entrepreneurship,

0:31.0

investing financial education education but also through social good

0:35.8

via education because one of the biggest complaints I had growing up as a kid in

0:40.5

Hawaii was there's no financial education and then I found out there's no

0:45.3

financial education anywhere and I've always kind of wondered why that was so

0:50.9

about 28 years ago my wife and I Kim founded the Richd

0:54.2

companies that we could teach. And along the way when we did that one I wrote

0:58.7

Richdad poor dad and then I created this board game here to teach basically accounting but it's financial

1:06.0

statements because you know for those of you who are in business know that if you don't have

1:11.0

a financial statement the bank doesn't talk to you.

1:14.2

So your financial statement is your report card when you graduate from school and I would estimate

1:19.6

to say that 80% of all college professors don't have a financial statement.

1:24.1

So how can they teach the kids anything?

1:26.7

So one of joys of my life is I get to meet characters and about a year ago I met this character name. I call him the chief, but his real name is Dennis Yellow Horse Jones.

1:39.0

And he is a Navajo. He's an entrepreneur. And he's an advocate for his people, the Navajo tribes and education.

1:48.5

So Dennis is the president of Uumate International.

...

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