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Thrivetime Show | Business School without the BS

Robert Kiyosaki | Robert Kiyosaki Explains Message Behind a Book He Wrote With Donald J. Trump, "The Midas Touch." + "Most Of the Guys On Youtube Are All Macro. I Have No Idea What They Are Talking About. This Is Micro."

Thrivetime Show | Business School without the BS

Clay Clark

Business, Entrepreneurship

4.71.5K Ratings

🗓️ 12 March 2025

⏱️ 33 minutes

🧾️ Download transcript

Summary

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Transcript

Click on a timestamp to play from that location

0:00.0

All right, we're going to do a Q&A, so I'm going to give you this mic, Robert, this is the hot mic. I'll switch your mics here. Welcome, sir. Thank you. This is the most interesting place I've ever been to. Craig is mic up nice and hot. Most interesting, seriously, ever?

0:19.7

It's you. I I mean it's fantastic

0:25.6

this book here on Midas touch what's this book all about there sir it's about why on

0:30.2

how it become a rich entrepreneur a lot of entrepreneurs are over here they're

0:35.9

self-employed nothing wrong with, but you pay the highest taxes.

0:40.3

And always remember this, what Marx says, a graduating income tax is essential for the spread of communism.

0:47.3

Okay. They crush our entrepreneurs. And so you have to make it over here.

0:56.0

This type is the capitalist side.

0:58.0

But that's why it takes financial education and all that.

1:01.0

That's why I created the cash flow board game.

1:04.0

I'll be talking about this afternoon.

1:06.0

This is your financial statement.

1:08.0

This is income, I mean income expense assets liability

1:13.0

statement of cash flow and most of the guys on YouTube a lot of smart guys on

1:20.4

there like George Gammon and they're all a macro they talk about what happens if the interest rates go this way,

1:30.3

inverted yield curve. I have no idea what they're talking about. You know, this is micro. This is micro.

1:40.3

This is your financial statement. And most people without financial education don't even know these three basic things,

1:49.0

income statement of balance sheet, statement of cash flow.

1:53.0

So when somebody says you should buy oil, I'll be up later with my accountant Tom.

1:59.0

And we want to talk about when I'm buying something.

2:03.7

My mind is moving across this board all the time.

2:07.2

So we created the cash flow board game first,

...

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