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The Property Podcast

TPP391: Our interview with Robert Kiyosaki (Rich Dad Poor Dad)

The Property Podcast

Rob Bence & Rob Dix

Education, News, Business News, Investing, Business

4.82K Ratings

🗓️ 10 September 2020

⏱️ 25 minutes

🧾️ Download transcript

Summary

It’s the property podcast episode you’ve all been waiting for. Rob & Rob’s interview with Mr Robert Kiyosaki, author of Rich Dad Poor Dad. Rich Dad Poor Dad is possibly the most famous personal finance book ever written. We know it’s been a staple educational tool for most property investors getting started on their property journey.  So when Robert Kiyosaki asked if he could come on The Property Podcast, it was a no-brainer.  Whilst Rob D was busy enjoying a day at the zoo, Rob B was busy picking Robert Kiyosaki’s brain. And he’s definitely not a guy who’s short of an opinion.   On today’s property podcast episode In this episode you’ll hear Robert’s thoughts on certain topics - some attention grabbing ones, and others that are pretty controversial.  So in next week’s episode Rob & Rob will be sharing their reactions to what’s said in today’s podcast. You won’t want to miss it! Rich Dad Poor Dad was written over 20 years ago and has proved to be a timeless book that could have been written at any point during that time frame.  One of the questions Rob B wants to know the answer to is…. if Robert now thinks differently about anything he wrote back then, and is there anything he would change now? We’re not going to spoil the whole show for you as it’s truly a fantastic episode and one that you should definitely listen to.  It’s not every week we have property royalty on the show.   This week’s news In the news this week, ‘lenders pile into the ‘Airbnb mortgage’ market as staycation boom continues’. Most people across the country have opted for a staycation this year to avoid quarantine measures for going abroad. This has both been great for the local economy but also property investors who were severely struggling over the lockdown period. Now business is thriving again.  Previously, there have never been that many mortgage products available for holiday lets, as you need a certain specific mortgage which is completely different to a buy-to-let mortgage.  However things seem to be changing. Lenders have noticed an increase in demand for holiday let mortgages and have now jumped on the bandwagon.  So if it seems that if you were planning on going for the holiday let strategy, now is the time to do so.   Hub Extra Now you might not be surprised that this week for Hub Extra we’re recommending the book, Rich Dad Poor Dad.  Because if you haven’t read it already then you definitely need to! Even if you’re not yet ready to start investing, there’s a lot that you can learn from it regarding personal finance.  We’re also recommending that you give this podcast episode a listen where Rob & Rob re-read the book and go over the five things that they still agree with, but also the five things they don’t agree with.  If you want to read the book then maybe do that first before listening to the podcast episode so you can come to your own thoughts on it before listening to The Robs.    The Property Hub Magazine Don’t forget, if you’re wanting to subscribe to the Property Hub Magazine, we’re currently running our special offer!  So if you sign up before midnight on Monday using the code ‘SPECIALOFFER’ you’ll not only be registered in time to receive the last magazine of the year (crazy!) but you’ll also receive the current issue for FREE!  Click here if you’d like to get subscribed now. You won’t regret it.   Let’s get social We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do. Make sure you’ve liked and subscribed to our YouTube channel where we upload new content every week!  If that wasn’t enough, you can also join our friendly property community on the Property Hub forum. See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

A couple of weeks ago we got contacted and we thought, wait a minute,

0:09.8

recognize this name, Robert Kiasaki, of him well he wrote Rich Dad poor dad possibly

0:15.9

the most famous personal finance book ever written and he wanted to come on the

0:21.7

property podcast so we said yes And he wanted to come on the Property Podcast.

0:23.0

So we said yes. Welcome to the Property Podcast where every Thursday morning property investors come to be informed and inspired.

0:37.0

We always try to get a good episode out for you on a Thursday, but it's not every week that we can bring you property royalty.

0:43.2

Yes, Robert Kiezaki on the show in conversation with the property podcast,

0:47.1

don't go anywhere.

0:48.2

So first up we've got a new story and the headline reads,

0:52.8

lenders pile into Airbnb mortgage market

0:56.2

a staycation boom continues.

0:58.8

So many of us this summer have had staycations. We've been residing in the UK and that's good for the local

1:05.8

economy. You know there's plenty of plus points to that and it also is great news for what

1:11.1

was for a brief period of time a struggling sector for property investors

1:15.7

those who have a holiday letter strategy so they went from crickets literally nobody

1:20.7

booking their properties to what was pretty much a boom.

1:24.1

But what's great to see Rob is that the mortgage market is already quickly reacted to this new trend.

1:29.2

Yeah, which is really good news because one of the main obstacles getting involved in holiday

1:33.4

let's has actually been mortgages you need a specific type of mortgage for a

1:36.8

holiday let separate from what you'd need from a buy-to-let and they've never been

1:40.2

that many products around because it's kind of a niche area and it's harder to

1:43.2

underwrite because how does a lender know whether it's going to be occupied for a

...

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