4.4 • 1.9K Ratings
🗓️ 13 June 2019
⏱️ 2 minutes
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Robert Kiyosaki is an entrepreneur, educator, and investor, best known as the author of Rich Dad Poor Dad—the #1 personal finance book of all time.
Watch the full episode here:https://londonreal.tv/e/robert-kiyosaki/
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0:00.0 | Right now for the middle class of the world. We're in a crash. |
0:05.0 | It's going to collapse. You should be very worried. |
0:08.0 | Rich don't work for money. Don't you touch that stuff. |
0:11.0 | They have money working for them. |
0:13.0 | Very big difference in mentality here. |
0:17.1 | The game, the bankers and the rich play |
0:19.4 | is different than what they teach you in school. |
0:22.1 | All over the world, what does school teach you about money? |
0:24.5 | And the answer is nothing, and that's not a mistake. |
0:26.5 | You couldn't learn very much here. |
0:28.8 | We've been here before. |
0:31.0 | But schools don't teach us economic history. |
0:33.0 | So what happens to the average person in a financial crash, |
0:36.0 | they don't know what to do. |
0:38.0 | And so if someone's listening to us that's stuck in that poor middle class trap |
0:41.0 | and they hear it's their fear that ultimately is keeping |
0:44.1 | from that. That's a hard thing to hear Robert, but you're going to give them the |
0:48.2 | information about what they can do if they can get out of that fear. |
0:51.0 | You don't know if something is an asset on liability. they can get out of that fear. |
0:52.6 | You don't know if something is an asset on liability |
0:56.0 | until you can say which way the cash flows. |
0:58.3 | So a house is that an asset of liability. |
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