Part 1: Big investors start small

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

The Rich Dad Company

Entrepreneurship, Business, Investing

4.1 • 3.9K Ratings

🗓️ 23 February 2022

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

Robert and Kim Kiyosaki believe that every wanna-be investor should start small and have a little “skin in the game,” and learn from your mistakes along the way. Today’s guest says that small investors can still take advantage of some of the largest opportunities today.
Marin Katusa, publisher of the Katusa Report says, “After starting as a calculus teacher and being known as the tutor for the rich, I looked around and asked myself, ‘what am I doing wrong here?’” Being in Vancouver, and the resource sector, low and behold 20 years later, here I am after building Canada’s third-largest copper mine.
In the resources sector, there are some very smart people, but who are afraid to take risks. But if you have the right financial education, you diminish the risk.
Host Robert Kiyosaki and guest Marin Katusa discuss the importance of just getting started when it comes to investing and how everyone smarts small before moving to the B-I side of the CASHFLOW Quadrant.

Transcript

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0:00.0	This is the Rich Dad Radio Show, the Good News and Bad News About Money.
0:07.0	Here's Robert Kiyosaki.
0:09.0	Hello, hello, Robert Kiyosaki. The Rich Dad Radio Show, the Good News and Bad News about the Green New Deal.
0:14.0	I mean, we have a very special show for you today, so pay attention.
0:20.0	You know, because I often say there's three sides to every coin.
0:24.0	You know, the heads, tails and the edge. And you stand on the head side and the tail side saying you're wrong and all this.
0:32.0	Our job is to stand on the edge and see both sides.
0:35.0	And so, what we're going to talk about today comes from this thing here. It's called the ESB and the I.
0:41.0	Again, there's always three sides. I mean, two sides. You know, the edge, I mean this.
0:46.0	So most people here are E, school at school, get a job or S, as become doctors, lawyers or accounts.
0:52.0	But on this side was my Rich Dad side. And this is big business 500 employees or more.
0:58.0	And I stands for Inside Investor.
1:01.0	The difference here is this. These guys on this side invest from the outside. They're called stocks, bonds, mutual funds.
1:09.0	They're outside the deal. They're already a security that come from the stock market. They come from Wall Street.
1:15.0	So the 401K, RRSP and all that. That's what these guys invest in.
1:20.0	And what my Rich Dad taught me to do was invest from this side.
1:24.0	So I'm always doing my best to invest as a business guy, hundreds of employees, 500 employees is the number.
1:33.0	And I stands for Insider.
1:35.0	So today we're going to be talking about the inside. For those who have played the cash flow board game, we have the rat race.
1:44.0	And as you know, I give the teachers a lot of grief. These guys, I guess, stuck in their rat race. They have a job and all this to pay a lot of taxes.
1:52.0	They're always afraid of being fired if they don't take a COVID test or something like this. I just, I just would have won't live that way.
1:58.0	But that's where I school teach people to do.
	...

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