Why Financial Education Matters More Than Saving Money
Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business
The Rich Dad Company
4.1 • 4K Ratings
🗓️ 8 April 2026
⏱️ 33 minutes
🔗️ Recording | iTunes | RSS
🧾️ Download transcript
Summary
Financial education vs saving money is a critical distinction for anyone serious about building wealth, and in this episode of The Rich Dad Radio Show, Robert Kiyosaki sits down with Cashflow Club leaders Karl and Bronagh Davidson to break it down.
Most people still follow outdated financial advice: go to school, get a job, save money, and avoid debt. Robert explains why this approach no longer works in today's economy—especially as inflation rises and currencies lose value. Instead of relying on saving, he emphasizes financial education, asset acquisition, and the ability to create your own economy regardless of what governments or markets do.
You'll learn how the CASHFLOW® game reveals hidden money behaviors, why mindset and financial programming keep people stuck, and how real investors think differently about assets like real estate, oil, and precious metals. The conversation also explores why economic events—like inflation, war, or market crashes—create opportunities for those who are financially educated.
This episode shows you how to shift from a saver's mindset to an investor's mindset, take control of your financial future, and build wealth no matter what's happening in the global economy.
00:00 Introduction
00:25 Meet the Cashflow Club
03:00 Reprogramming Money Beliefs
03:51 Rich Dad Poor Dad Awakening
05:32 Watching New Players Fail
07:29 Create Your Own Economy
09:23 Crash Mindset and Opportunity
12:22 Deal Making Lessons
15:49 Why Silver Wins
18:11 Cashflow Education Gap
19:00 Debt Fuels Economy
20:59 Inflation and Homelessness
25:25 Fear and EU Control
27:06 Final Words Cashflow
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Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.
The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.
Transcript
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| 0:00.0 | Yeah. And this here is Zimbabwe dollars, 10 million. Is this worth nothing? Nothing. |
| 0:07.5 | And this is the U.S. dollar like this in a short while. And people are still saving toilet paper. |
| 0:15.5 | Yeah. Yeah. It makes no... People are that stupid. I can't believe it. |
| 0:24.4 | You know what? It makes most people that stupid. I can't believe it. Hello, hello, Robert Kiyosaki, Richie Radio Show, |
| 0:27.8 | broadcasting from Phoenix, Arizona, |
| 0:29.8 | where I always say it's either heaven or hell. |
| 0:32.1 | And right now it's heaven, it'll soon be hell. |
| 0:36.0 | It gets hot. |
| 0:41.0 | I'm very excited to have old friends, |
| 0:47.5 | Carl and Brona Davidson. They're from Ireland. And they run the cash flow club there. It's now been about 10 years. I don't know how many people you can teach in 10 years. But what I am thrilled with |
| 0:55.7 | is the purpose of the game |
| 0:58.4 | was to bypass the school system |
| 1:00.4 | and people could teach people. |
| 1:04.6 | Because I don't know how it is in Ireland, |
| 1:06.7 | but right now, our school system is so messed up, man, school grades are going down. |
| 1:13.8 | When they go teachers about money. |
| 1:16.7 | So in 1996, my wife Kim and I created the cash flow board game to bypass the school system, |
| 1:23.7 | and we didn't know if it would work or not. |
| 1:26.5 | But Carl and Brona Davidson, they teach it all over Ireland. |
| 1:31.2 | I'm very proud. |
| 1:32.3 | And thank you for teaching. |
| 1:34.1 | Thank you. |
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