Escape the Rat Race: Robert Kiyosaki’s Secrets to Financial Freedom
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so everything is coming down I hate to be checking a little better bad news but that’s why on my tweet I was begging people you gotta change your thinking you know get rid of those that Mantra go to school get a job work hard buy stocks and bonds save cash three times Andy scheckman on the smartest guy I know a three times crash is coming first of all all paper assets second real estate third cash is trash I hope I’m wrong our debt to GDP you know in 2008 wasn’t that bad then after when it crashed then Bernanke started printing you know they call it quantitative easing it’s printing money and so uh that’s why in 2013 I wrote the book Rich dad’s prophecy to warn people that the crash was going to get bigger in 2013 I wrote that book and it’s going to get bigger because the debt the GDP David as most people know is 130 debt to GDP it’s the biggest world history our debt is through the roof and power is Raising interest rates which makes that debt more expensive hey it’s Evan Carmichael and I’m make these videos because as a young entrepreneur I struggled to keep my business going I had no friends I had no mentors I had no role models and the thing that saved me was learning from the success stories of famous entrepreneurs and in their stories I got motivation and I also got strategies for what I could do to grow my business and not stay stuck and I still need their stories for motivation today so today let’s learn from one of the best Robert Kiyosaki and some of his amazing inspiration enjoy let me give some dates been in 1974 was the deal was cut that the world would have to buy oil in U.S dollars right and that’s what Andy’s talking about is Dallas saying right now adios dollars and Andy is saying 60 today of the world’s population will stop using the US dollar and that’s what gives us power so those of you who are saving those fake dollars you’re in serious trouble right now and that’s why what Andy says and then Kim will back me up for all these years we don’t save dollars we save gold coins and silver coins towards someplace else because that is the challenge with gold and silver as a storage so I want you to understand this this goes back to what they always say at school go to school get a good job work hard pay taxes and save money and invest in the stock market and that’s what we’re talking about now that dollar gave us the power to the stock market to go through the roof and when they talk about the you know the bubble the three times bubble it stocks paper assets real estate and the dollar is going to crash so all you out there Savers out there I would pay attention right now because if you still think you’re still believing in the power of the dollar you’re in serious trouble don’t teach pigs to sing waste your time it annoys the pig if you’re talking to pigs at home don’t teach them to sing because it’s waste your time they still believe in going to school getting a job saving money paying taxes getting out of debt and investing in a 401k or an IRA they’re going to be the biggest losers today I mean it’s already they’ve already started to lose if you look at the stock market and they’re going to try and incurb inflation but as you know they’re raising interest rates which is not going to solve it’s going to make it worse so if you really want a real education you can go back to college giving student loan debt and wonder what happened to your life because you’re still saving money and investing in a 401k I mean that’s the most stupid thing you can do right now what would Financial education in school look like for you what would you like to have learned well it’s really simple because my poor dad I finally bugged him enough you know I said well what am I going to learn about money is why don’t you ask your best friends father my classmate and that was Mike in the book I had to change his name for the family doesn’t want to be known and I said why does Mike why does Mike’s father know about money my rich dad’s My Poor Dad said because he’s an entrepreneur I’m like what’s that and what are you he said I’m an employee I’m only nine years old I’m learning two new words employee and entrepreneur come on what what’s the difference you know and then my poor dad says well an entrepreneur must know about money an entrepreneur must speak the language of money I want what and then my poor dad says and what I said what I use is I’m a school teacher I’m an employee and what about you why don’t you have to learn to speak to about money he says because all I want is a paycheck and a pension paychecks and pensions so that’s kind of the you know I’m nine years old I am totally confused now so I go across towns a little dinky little sugar Plantation talent I said my classmates owned the plantations and the kids across the street at Union School all union members they worked for the plantations and mother you know so I’m going I’m poor so I sit down with my rich dad who never went to school ironically and um he wouldn’t teach me about money either and he kept rejecting me I didn’t realize it was part of the process he wanted to find out how badly I wanted to learn and he says and as we all know as entrepreneurs right salesmanship begins when the customer says no and so the more he said no the more I got into I said well and so I kept you know going back to talk to him and all he says get out of here kid so that was test number one for my Rich Dad test number two was as if if I teach you you have to work for me for free and I said why for free he says because if I pay you you’ll think like you’re dead or dead the rich don’t work for money so if you’ve read Rich Dad Poor Dad which is right there the rich don’t work for money and then I’m I’m now all confused as a nine-year-old kid and so that’s when the whole thing started about financial education for me I was I was coming out of the Marine Corps in 74. and I said to my Rich Dad I wanted to be an entrepreneur and because my poor dad wanted me to get my PhD of course fly for the airlines to get a PhD I’m going oh my God you know my old man was broke Poor Dad was broke because he ran full lieutenant governor of the state of Hawaii and the dirtiest business there is this politics and the governor said to my Dad Poor Dad he says you’ll never work in the state again and my poor dad went poor I mean up until that time he was okay but once he could not work and he couldn’t sell and so I come out of the Marine Corps and he’s telling me oh go fly for the airlines the United Airlines is hiring and go back to school and get your PhD like me and I said ask me am I saying his PhD ascents were poor helpless and desperate Jesus I mean he couldn’t sell so I go to a rich dad and I go what should I do I’m being entrepreneur he says God sell I’m going oh my God oh my God that’s the worst thing possible this is 1974. and because my Old Man Poor Dad kept saying he says salesman of the scum you know and so I said Rich Dad why do I have to sell he says how’s your sex life I said terrible voices because you can’t sell you know so I got a job with Xerox in Honolulu and I went to see I had to go home to my poor dad and apologize so I’m a disappointment to you because I got a job as a Salesman and that’s when it started you know it was horrible you know knocking on doors knocking on doors and if you don’t sell you don’t eat also to make sure you’re actually taking action after watching this video I designed a special free worksheet just for this video the worksheet will highlight all the Lessons Learned in this video as well as pull out our three favorite learnings and quotes that will inspire you to actually do something the worksheet will also give you space to write down what your key takeaways are and your specific plan of action to make sure you’re getting results if you want the worksheet design specifically for this video absolutely for free there’s a link in the description below go click on it and start building the momentum in your life and your business I’ll see you there is the Fed doing what it can in your view or is there a different way to combat uh inflation well I always say it’s not what the fed’s going to do is what are you going to do and so I always talk about the Four G’s that I’m I’m investing in for most of my life the first G is gold you know this is gold and then this is silver here and I stay away from the slvs or the glds I want no counterparty at risk I want the real stuff the other thing I’m investing is ground I own apartment houses I’m glad I’m not in Office Buildings or commercial real estate and then gasoline you know gasoline you know the green the Greenies hate the thing but that’s how we fly our planes and stuff like this and then the last one is food I invest in cattle and uh food so I just stay in things that as inflation goes up gold goes up uh real estate goes up gasoline goes up and food goes up so I invest with the inflation not against it I meet so many people say well I can’t afford this I can’t afford that I can’t afford to buy real estate I can’t afford to buy Bitcoin I can’t afford to buy well there is you can’t afford to buy something is because you can’t sell and sales equals income so back in 1974 you know my my dad wanted me to go to the University of Hawaii and get my PhD and I said no I’m gonna well he wanted to fly for the airlines because of the pilot and I said no I’m not going to do that I’m going to learn how to sell and it was he was my he was upset he says you know salesman’s a sales amount of Crux they’re con artists you know it’s not it’s not a very honorable profession but that’s why he was poor you know so many PhD types academic types they think they’re above the capitalist process process they think their PHD entitles them to the better life but if you go for your PhD you really don’t have the skill sets to be in the capitalist world you know like when my my father you know bless his heart he ran for lieutenant governor against his boss the governor as a republican in the People’s Republic of Hawaii you know Hawaii’s 100 communist and uh so he ran as a Republican and he lost and the governor said to him you’ll never work in this state again so the power the governor had over my dad it was his job and the hardest thing for a school teacher Patrick is you as a capitalist you really don’t need a school teacher you need a Salesman and my father just couldn’t sell he wouldn’t you know he just kept holding up his PhD I have a PhD but he couldn’t sell wow and you know what I mean and and I saw that and that’s when my uh Rich Dad who had had no education at all said um you better learn how to sell pretty quickly so John and I like I said rugby players believe for the Hawaii Harley Quinn’s Rugby team and I’m talking to him and he’s telling me about all the rich people we knew in Hawaii who were going broke I’m going you got to tell that story because as I said I you know in 1974 was the first uh 401K it was called erisa Employee Retirement income Security Act and I was still in the Marine Corps and I was flying out of Hawaii and I went to listen to these pitches on how to sell a 401k and I said these guys are lying through their teeth because the advantage I had is I had a rich dad and I had a poor debt and my poor dad was the village he was a PhD which tends for poor helpless and desperate he ran the school system for the state of Hawaii and he thought the 401K was wonderful I’m going you got to be kidding me and my rich dad was my best friend’s father he goes oh my God the boy talk about a license to steal money from stupid people called employees so I came from a different so this is 74 I’m still in the Marine Corps and the first thing my rich dad said to me if you’re going to be a rich man you’d better learn two things right now be an entrepreneur you know but he says you’ve got to learn how to sell and secondly you’ve got to know real estate because real estate is debt and taxes and that’s what do you mean debt in taxes so in 1974 I took my first real estate course and opened my eyes up because you don’t need money to buy real estate and you pay no taxes on top of it so just before I get out of the Marine Corps you know I get a job with Xerox learn how to sell so I got sales and then I understood real estate so why am I rich man today because I took two courses learned how to sell and learn about real estate and my poor dad the PHD says go back to school get your MB and get your PhD I’m going then I’d wind up like you a poor Highly Educated man with a 401k humans learn by making mistakes you know God designed us is when a baby learns to walk baby crawls stands up and Falls stands up and Falls then fine takes the first step and the next thing of writing and then flying but what our schools do when a child Falls to punish them you’re stupid you make mistakes smart people don’t make mistakes and when the way when I look at the way humans were designed to learn we’re designed to learn from mistakes so that’s why you can’t you know you play golf I’m sure Tiger Woods has had more bad shots than me he’s failed more than me so when you look at the real reality of the world the biggest failures are the most successful you know like what’s his name uh Steve Jobs never went to you dropped that off on a Reed College Gates dropped out of Harvard Michael Dell at the University of Texas but they failed their way to success but our academics say that’s greedy they’re capitalists don’t make mistakes and do as I tell you do as I tell you and don’t question anything I say that’s called tyranny and I really want to talk to you about the most important subject for all of us today Rich Young poor old it’s called Financial education and as you know our school systems teach us nothing about money nothing it’s pathetic you know they have financial literacy courses today well that’s not Financial education you know it’s really pathetic and what’s happening for most people today is you know they follow that age-old Mantra go to school what do you learn about money in school nothing get a job well jobs are disappearing not only that is that with artificial intelligence and G5 coming more jobs are going to be wiped out plus with driverless cars more jobs are getting wiped out so why would you go to school to get a job and then work hard for money but pay and pay taxes taxes are going to keep going up sports fans they have to somebody’s going to pay off this massive mountain of debt stacking up all over the world and the only way they pay off debt is via taxes and then they tell you to get out of debt of God debt is money please understand me in 1971 when Nixon took the dollar off the gold standard money became debt so the rich know how to use debt to get rich there are many many people who always sell you live below your means well that’s not a rich dad philosophy either I think if you live below your means and if you’re especially if you’re poor already you live below the means your spirit dies so what the Rich Dad company is really about is how do you improve your spirit by increasing your financial intelligence or your financial IQ instead of living below my means or what most people have as a job a job it can only work so hard so my goal my wife’s goal every single year is we increase our assets so we buy more rental property we invest in oil gold stocks that pay dividends and all this so every year our income or our cash flow keeps increasing every year our goal is not to get a higher paying job our our goal is to keep increasing our assets we want you to have all the wonderful things this world have still offer so that’s one of the difference between don’t live below your means I we used to say what we say at Rich does increase your means and you can have anything you like and that’s what makes the Rich Dad companies philosophy a little different than the rest the big mistake that people make is they they say this these words here [Music] sales and marketing it’s inaccurate against the power of the word okay the real thing that I was trained as the way it really goes is first it goes PR it’s really a philosophy above it [Music] so PR is public relations PR is when I’m in the like I’ll be in Newsweek next week Time Magazine next week I fly to New York on Tuesday to do a television show with us web broadcast with Steve Forbes coming out with a book with Donald Trump and things like that it’s all PR stuff marketing is kind of the spreadsheet between it you know marketing plans testing and all that it’s like an accounting spreadsheet and then there’s a sale so when times get really really tough what’s the first thing that most businesses cut back on [Music] PRS and marketing so they have no sales it’s really stupid so what we’re doing in our company is we’re upping it 10 times okay so Mike so I I went and I spent four years learning how to sell the reason I recommend network marketing is if you can’t sell you can’t do the rest of the stuff it’s all right that’s where I recommend it okay you’ve got to know how to communicate today people who are poor cannot communicate okay so I spent four years here and I found that I sucked at it really terrible but I went from the war salesman to number one just by sheer determination overcoming my fear my embarrassment and I get my feedback my stats pretty soon I was making more in a month than most people were making in a year that was the thing and the biggest thing I learned about sales was the reason most people aren’t successful is they haven’t failed enough times so for me to become successful at sales when I worked for Xerox I was making about four sales calls a day I get a dial for an appointment and I’d go in they’d say no I want to go eat lunch and I go back here they’d say no I eat lunch I go in and say no eat lunch I gained 40 pounds and I talked to my Rich Dad I said why am I failing at sales he says he says because you’re not failing enough he says if you want to be successful in life you have to step up your failure rate so at night I would leave the Xerox office about six and I’d go across town to a non-profit and I dial for dollars and I wanted to get 30 no’s a night as fast as I could and the more I failed the more my sales went up does that make sense you guys here hello I went wow so the reason most people are not successful is because they haven’t failed enough so please discuss that really quick it doesn’t make a difference what it is could be golf tennis sales marketing anything language of money is a very good you know the definition of the word so and the good thing about it is you want to be a rich just learn the like to speak the language of money like if I wanted to go to let’s say Spain I would learn Spanish I’m a fourth generation Japanese I want to go to Japan I learn Japanese but when you go to a school system you learn the language of a school teacher go to school get a job work hard save money pay taxes get our debt and buy a house because it’s an asset but all you have to do is learn the words so my poor dad called his house an asset and my Rich Dad said your house is a liability again it’s just the Power of Words and language so the difference between rich people and poor people are words and words are free and when I said oh and it naturally it upsets the school teachers who are mostly I’m not they’re not bad people when I was in 1965 I read the Communist Meadow Festival by Marx and as I read I went to military school in New York and reading the book I realized my God my family is communist wow so they believed in taxes they believed in you know the abolished real estate you know today Claude Schwab says you will have nothing and you’ll be happy that’s all Communist Manifesto stuff this past week it seems like the big banks are going to get bigger despite everything the administration really hopes happens here you know can you just talk about whether these Trends you when you say it comes back to us and what we’re doing but are some of the things that you or that the others are doing making it worse for the guy who’s just trying to to get ahead well I’m a big advocate for financial education so in the 1970s when I got out of the Marine Corps my rich dad had me take two things I had to learn how to sell because sales equals income and then I had to learn how to invest in real estate because real estate is debt so most people say you know live debt free I had to learn to use debt as money and as you guys know in 7 Day One Nixon took the dollar off the gold standard and the US dollar became debt so I do almost everything opposite of what the pundits say I I’m not debt free I use debt as money to acquire real estate and that minimizes my taxes that’s what I do that was one of the biggest wake-up calls in my life is that there isn’t between rich people and poor people is they don’t know real money from fake money my mom and dad didn’t good people but they don’t know that so they spent it and so today you know I have millions and millions and millions in gold and silver and I also use debt I don’t use money and guys like Dave Ramsey said will say live debt free and for 99 of the people that’s good advice but if you’re going to be really rich you have to learn how to use debt as money but to do that you gotta be a lot smarter and some hodler you know chasing ethereum and all the other stuff okay so that’s what real Financial education I don’t have an answer I know it’s going to happen in the future could my Bitcoin go to zero yes but gold and silver have been here since the earth was formed it’s been goal it’s been the money for about 12 000 years Bitcoin has been money for 10. now does that mean I don’t buy Bitcoin no I still will buy it but I’ll buy it because it’s liquid I can get out of it if I made a mistake most people go to school to become employees it stands for E employee or they become Specialists like social media guys but where rich dad is different is that this is what you go to school for become doctors or lawyers or accountants or pizza shop owners but this is the B and the I side this is big business and this is in professional investor not stocks not mutual funds not ETFs not 401ks not that stuff professional investor so the problem with most Millennials they went to school they came out here right that’s correct yeah that’s the problem what Rich Dad does was shift you to think on this side so the B and the I side 500 employees or more a professional investor you want 401ks and stuff that’s on this site but you have the power with this thing to go over here so my whole message is this and this is often my Rich Dad this is called the bi triangle B and I to be a big business owner and investor there’s eight steps to it number one yes of a mission statement for your company number two got to have a team number three you have to have leadership and now then you have product everybody’s all got a great product well product is the least important thing then you have to have legal you know you have to patent all the contracts systems you know a card automobile is a system of systems a computer is a system of systems the human body is a system of systems that’s why they have a good team you have to communication this is the most powerful communication device ever you know but most people use it to text and complain and check their social media accounts I mean grow up you guys and then here we have cash flow you know cash received they’re flowing in or flowing out and this is leadership so Shane is over here on the leadership side he coordinates all these people with this thing is that correct absolutely yep so you have the most powerful tool in history so let me say this before I begin because we’re talking about going to school or education whatever that is to you and education is more important than ever before but the problem I have with school traditional education number one today is is creating young people are here to be greatly in debt right with pension let me have pension but some student loans subprime student loans I got a subprime education so education is more important before but what do they teach you about money nothing nothing so my point here is this education is important but the thing I don’t like about labeling a child or a student add okay ADT is another word for extreme boredom why don’t they just call it what it is a child doesn’t have add the teacher is boring they’re boring boring boring people why would I listen to them so I had ATT but I call it acute boredom then they say you have dyslexia well what the heck is that I have dyslexia because I was sound asleep I was always drooling you know I couldn’t believe how boring the teacher was on top of that they were teaching me a subject I wasn’t interested in you know when I had calculus and trigonometry I kept going what am I going to use this stuff you know so anyway this is my point of view education is the only business that blames the customer for the teachers in keep incompetence let me say it again education is the only business where you’re allowed to blame the customer for the teacher’s incompetence you see in business I can’t do that you know if my students are failing or my customers are failing that I’m responsible for it but who how the world can these teachers get away with blaming their customers for the teachers and education systems in competence and let me say this one more time education is more important before but what the heck are you learning that you’re stupid I was called stupid so many times I almost went nuts I flunked out of high school twice when I was 15 and 17 because I can’t write and today I’ve sold more books than most teachers ever will it’s in the millions of books so who was stupid you know that’s the whole point here is this become a professional invest it’s not easy you gotta study a lot but this is what I see coming okay financial statement it’s the balance sheet what I’m concerned about for the Millennials okay so here we have M for Millennials it’s a lot of you but over here we have today boom baby boomer is me and what’s going to happen is that it’s going to be the flow of people these guys are you guys going to flow over here and you’ll be producing the income to pay the taxes and all this these guys are going to come over here we’re going to be the biggest liabilities you’ve ever seen they estimate that and nobody knows the real number but the estimations are this bill for all the social programs the welfare programs all the social security retirement plans and all this is SMA to be 265 trillion dollars you guys gonna have to pay for that so when all guys like me move over here and you guys take over the economy here uh what’s going to happen is go up you have to pay taxes to pay for these guys so that’s that’s why when I speak to young people and all this I I kind of joke around a lot things like this but this is a massive massive massive massive social problem you know like if your mother and father had no money what would you have to do you have to pay for them right can you afford their health care right now I don’t think so you know like I cut my finger here two years ago the bill was thirty four thousand dollars a one stitch thirty four thousand dollars that’s where this comes that’s their estimate they don’t know how much this is going to be total all the national debt and all this and as we’re talking you know they can’t balance they need to extend the budget to pay for our bills and all this and it’s only going to get worse so when I speak to your generation Our Generation headed really easy we’re going to cruise over here you guys have had it pretty hard and it’s going to get worse it’s my opinion so that’s why the idea of go to school get a job work hard save money get out of debt put in a 401k that was my generation it didn’t work for us but you guys are going to try the same thing if you want to be an entrepreneur you’ve got to study with Chris Voss I mean the number one skill of an entrepreneur is communication you can call it negotiation you call it sales you can call whatever you want but as my friend Blair singer says to me all the time it says sales equals income do you know and if you want to find somebody who can’t sell if their income is low or vice versa but more than that I’ve been we interviewed Chris years ago and his first book came out never split the difference and uh I hate to say I didn’t read the book but I will read the book now I’ll admit that and all I remembered from that was a lot of people I remember from Chris was the the midnight DJ you know voice and all that so I was practicing that but what really worked for us I’m going to surprise Kim on this because you know about three or four years ago Kim says I’m out of here I don’t want to be married to you anymore I want que pasa what did I do wrong you know what did I do wrong then I was listening to you discuss my friend Donald the Trump and he’s a really good friend of ours but what you said about him it just hit me right between the eyes I was going holy mackerel Donald plays win lose you know he has to win he wins at all cost and I was going oh my God and then what even this is not your words but I paraphrase this thing but if you play Win Lose pretty soon people stop playing and then that’s exactly it yeah and that’s my way of saying with Kim you know we’re talking before the show came on I went to military school I mean day one we’re screamed at there’s no compassion then I joined the Marine Corps and I learned to adapt to that behavior do you know that you talk to everybody like a Moraine so for 35 years I talked to Kim like a Moraine and one day she said I’ve had enough so when you when when I read when I was listening one of your podcasts I went oh my God so I want to thank you because what your technology is more than sales it’s more than negotiations you have the key to World Peace if we could learn to speak with kindness and Humanity and support one of the biggest mistakes I still hear it today from young people oh I don’t have to worry because I’m still young yeah and that is death to most people because eventually they get old and then you’re not young again so it’s a way of saying when I talk about assets and liabilities one of the most important things you have in your life is time it’s one of your greatest assets or it’s your liability and being and I just turned 70 and I have friends who have nothing I mean they have zero now they may they’ve made a lot of money but they have nothing here they have nice houses nice cars 16 lives 19 kids I don’t know what they have but you know what I mean and and being young is great except it can be a liability to you because when you’re young you’re just having a lot of fun and life’s exciting you know it’s new so at the time but the thing is this is the lesson today is so many people spend their time focusing here they want to make a lot of money and I can hear it in their words they say oh I want a career this is career okay or I’m going to start my own business and this is the chart here which we’ve seen this is the cash flow Quadrant Book number two he is employee s is small business self-employed or a specialist like a doctor lawyer web web designer be as big business 500 employees or more and I is professional investor so when I was your age I knew I wanted to get here this takes time this is the hardest you know this is where the big Megabucks are and Kim and I are here and the money is massive but it takes time to get there the big mistake I see young people make as they focus here and the words are I want to do what I love that’s the track you see in the real life sometimes you have to do what you hate like people think I like to write books I hate writing books but it fills my purpose in life it’s not my passion my purpose in life because my purpose was to get here a lot of these guys get trapped here doing what they love as we’ve talked about on earlier episodes of this scene you guys pay the highest taxes 40 percent here 60 in taxes here twenty percent here and then zero percent here so when I was in my before my 20s I knew I wanted to go there and it wasn’t doing what I loved I had to learn what I didn’t want to learn I sometimes have to do what I hate it I had to learn about taxes I had to learn about debt I had to take classes I had to learn about insurance so I was doing a lot of things I hated doing so I could come over here these guys never do this because they live their passion I want my passion the different passion is greedy purpose is for other people so my purpose was to come over here so I could serve more people so I have employees here and all this I don’t buy stocks bonds mutual funds because as a professional investor I can create my own assets there’s three kinds of money today that you guys got to be aware of one is God’s money and God’s money is gold and silver so this is silver and this is gold the reason I brought it most people don’t know what it looks like and then there’s government money which is fiat currency which is the dollar the Yen the peso the Euro the Yuan yeah fake and everybody’s working hard for it it’s like eating fake food or drinking fake water that’s why people are getting sick financially because they’re working for fake money yeah okay and then there’s fake assets was another part of the fake Millennial the fake generation series but the reason I brought this here is most people haven’t seen it this here is real silver Plata okay that’s what it looks like and so in 1972 And this here is gold yeah this is God ‘s money this is what God’s money looks like the reason I call it God’s money is you can’t fake it you know you can fake it with a fake ETF like a gold ETF or a silver which I don’t touch because it smells as bad as the guys that printed that crap you know what I mean Jesus but this is real money so you look at this here when I first started buying that that was a dollar forty yeah today that’s 16 dollars and this here is auto gold and the reason we brought it is most people haven’t seen or touched this is real this is God’s money why did I say it’s God’s money because he was here when the Earth was created and it’ll be here when we’re all dead and gone when you’re saving those fake dollars this will still be here yeah or those fake ETFs or those fake stocks what if you’re a generation are saying tax to Rich as they say never happened Joe because the tax laws need the rich to do what the government wants done their incentives I provide housing jobs and food and energy so that’s what they should be teaching but our schools will never teach that because they’re fake teachers I think I’ll say that’s kind of a review of Rich Dad Poor Dad yeah thank God you gave that I mean even when you when you were talking about jobs it’s like well yeah none of us would be here if it wasn’t for you creating this company yeah and so um it’s kind of curious as to why the government wouldn’t want us to be creating more houses more more companies why aren’t they making us learn this in school well because it’s fake education it’s been going on for hundreds of years and like I said what the rich took over there was rockefeller’s Carnegie Mellon and they said let’s you know we don’t need more entrepreneurs we need more employees so the purpose of American education is to create soldiers and employees people with the stewards are tall but know nothing about money marketing and sales are a brilliant thing and it’s a it’s a global discipline right no matter if you’re doing business uh no matter where you’re doing business it’s a global discipline you just got to be committed to it and you can’t give up on it but you have to spend your dollars wisely and that’s uh that’s most important and what what Vic is selling most small business people cut back they stop spending when they should be spending on marketing and advertising because sales equals income they get scared so what’s let’s let’s leave that as tip number one and if you’re not an entrepreneur just now that bad times are the best times sometimes to start a business I’ve only started in bad times because everything else is going to shut down and lots of opportunity when things are slow what happens is like many small business people they cut back on the spending on marketing and advertising or they they market and advertise to the wrong customer if you’re just starting out and you’re right here you may not have much money may not have a job and all this but that’s really not an excuse because you can still start and I would suggest you know getting Kenny’s ABCs of real estate looking at programs because uh we’re gonna go into let’s start on how I started it was uh the reason I got into real estate was that my Rich Dad this is back in the 70s he knew that President Nixon had taken the dollar off of the gold standard and the prices were starting to rise and so rich dad said one thing he says don’t save money learn how to use debt and so it’s counter-intuitive to what most people think because most financially advisors they save money and get out of debt we’re saying don’t save money get into debt so it’s a different process you know so that’s really it the reason I invest with Kenny is because we’re into debt debt you see the beauty of real estate over stocks there is there’s margins of things that with stocks but with real estate banks are really anxious to lend you money if you’re good if you’re not good they don’t lend you money so again it goes back to when somebody says I don’t have money it’s because you don’t have Financial you don’t have education you know stuff like this and this and this you go I don’t have money so I don’t start well you’re not supposed to use your own money anyway and that’s what that was paying Rich dad’s lesson to me back in the 70s it says look the dollar is no longer backed by gold the dollar is now backed by debt U.S treasuries and it says if you’re going to be rich you’d better understand how to use debt I mean well the other people the other Financial people oh save save and put your money on the mutual funds the postmodern is Communists the Marxist in our academic system they speak in these platitudes like equality this that you know and it’s just it’s as non-specific as possible but as a capitalist I must speak in facts figures and the history but they want to change history you know the 1619 project or whatever that is and the real fact is you know America and then we’re going to pay taxes well Mark said uh graduate income tax is essential for the spread of Communism and so my father Poor Dad he believed in paying taxes my Rich Dad didn’t again the word is taxes and so when you look at what Biden’s doing right now he just he just put in 87 000 IRS agents who are armed the reason is they’re going after you small business they’re going after the small entrepreneur they can’t touch me you know because I’m not that stupid to pay taxes and I can do it legally but that’s why I give make fun of my friends Peter Schiff and Mark Moss you know they’re living in Puerto Rico I said if you’re a real estate guy you wouldn’t live in Puerto Rico you could live anywhere you want not pay taxes you know I invest with Kenny McElroy in real estate so let’s say buys a building for a million to keep the numbers simple he increases the rent so that he refinances the building at 2 million so we have a million in debt he borrows out another million but now 2 million in debt and I get the he and I get the million dollars extra how much in tax do we pay for that extra million zero zero and who pays the debt the tenants the tenants Rich dad’s World teaches capitalism so I’ll read you something because this comes from this book here the capitalist Manifesto because years ago 1965 I read this book here the Communist man of Festival by Marx and Marx was just like my poor dad an academic and the trouble with academics is our poor they have no idea how capitalism works so stay tuned in the end of this program to find out how capitalism works so once you understood this I understood my Rich Dad why he did things the way he did and my poor dad hated my Rich Dad my rich dad’s my best friend’s father Rich Dad had all these houses and he paid no taxes and he owned hotels he was playing Monopoly and Rich Dad paid no taxes and my poor dad being a communist but didn’t know it he hated the rich and that’s what marks did Marx hated the rich but I want to read you a quote from Marx so all of you who believe that paying taxes is patriotic this comes from this book here the capitalist Manifesto and this book here the Communist metal festive it says here a heavy or Progressive or graduated income tax is necessary for the proper development of communism let me read it again to you this is Marshall’s words if you want to verify just read this book here okay it says a heavy or Progressive or graduated income tax is necessary for the proper development of communism and that’s what’s happening in America so if you want to be a communist you stay on this side here you want to be a capitalist you come to this side here and again Rich dad’s World offers you opportunities to understand this side not this side here but anyway that’s why I’ve that’s why Tom is one of my go-to guys because the less tax I pay the more capitalistic I become that’s right Freer I become what are things that you’re thinking about because with every downside there’s an upside someone’s get it’s like the way I think about it it’s a zero-sum economy money never leaves the ecosystem it just moves and changes hands so where’s the power going where’s the money going this here is a 1964 silver dollar it’s real silver what happened in 1964 I think it was Johnson one of those guys he he took the silver out of this coin so this silver dollar today is worth ten dollars and I tell the story of going into Safeway at the salad bar and these women are asking the same question what should I invest in and I said well give me ten dollars for this they go it’s a half dollar why would I give you ten dollars for this I said because this could be the best investment of all I’ve been collecting silver since I was 17 years old I own Silver Mines and I own gold mines so when the dollar goes down gold and silver go up this here is book number two in the Rich Dad series it’s called the cash flow quadrant so e stands for employees so you go to school until you go to school get a job but if you’re really smart like Tom you become s stands for super smart you become accountants attorneys and doctors so Tom who pays the most taxes of these characters here oh that definitely the S definitely the super smart the the the more degrees you have the more tax you pay I I said Thank God most of your friends Tom are like me see students we didn’t qualify for this one here uh that’s for sure you educate all of us well that as a general rule and this is worldwide too this is not just us right that’s the time and I have traveled the world and employees pay about 40 percent in taxes trying to say about that and that’s worldwide that that is that’s a that’s a pretty standard rate worldwide it’s going to be anywhere from 30 to 50 but on average 40 if you make any kind of decent wage you’re going to be up in that 40 range correct and if you’re a doctoral lawyer self-employed or like somebody says I’m going to quit my job and start my own business you become a small business owner or a specialist I’m going to be a web designer how much of these guys pay in taxes here well they they can get all the way up to 60 percent in tax because they’re paying not just the employee share they’re paying the employer’s share as well so they pay two taxes employer and employee so that’s what happens when people quit their job and start their own business without talking to Tom first okay so big b stands for big business which is according to the tax code 500 employees but Bay also stands for brand right and most people don’t build a brand here so big business like the big corporations how much do they pay uh typically around twenty percent twenty percent and again what time instructs people and advises people it’s because we’re doing what the government wants done so why would the government give a tax break to Big Business well because that’s where the jobs are right so one of the government’s primary goals is to create jobs and employment and so the big business doesn’t pay the taxes in the B quadrant it’s the E people who work for the big business who pay the taxes right the government needs people to hire these people here correct and so if you hire a lot of people they’ll give you a tax break for that and then I stands for investor but it’s an inside investor now there’s over here a lot of people invest but they invest in a 401k or an IRA invest in public market like stocks bonds mutual funds ETS which I don’t I don’t have any of those things I don’t want them but over here as an Insider or investor how much do they pay well they they they’re the ones who get down to zero and pay zero tags so if you enjoy being over here you can tune out right now interesting thing is these guys here can do this they can if they have a good attorney also right that’s right so that’s why I have Garrett Sutton and his he’s our attorney but you have to act like these people you can’t act like these people what do you want young people young civilians today to understand maybe a lesson or uh or or or um or an experience you’ve had serving our country from the Marine Corps that you wish young people could learn today I studied this book Communist Manifesto I read the ninth I went to the academy merch Marine Academy you know and it’s also I pointed to a Naval Academy but I took my train Academy but the most important thing is this when I was flying this aircraft we went down three times crashed wouldn’t get a shot down the aircraft was so tired you know you just kept falling out of the sky but the thing that works we had the best team you know as soon as my engine quit I was about 1500 feet flying into North Vietnam not North but just south of the military zone my engine quit immediately what pilots do is they raise the nose generally what to train us to do is dive the nose and so moment I did that I I heard my crew members they were jealousing all the cans of ammunition dropping the machine guns and dropping the rocket pods and where we were in the water within like 10 seconds but it was the most powerful team young guys too two pilots one Crew Chief and two young Marine Gunners we’re a team so what’s going to get you through probably the next 10 years is how tight your friends are how tight your team is you know so that’s why I count you as one of my assets because you you allow me to speak and as you know our freedom of speech is being taken away as this guy demanded so it’s going to depend upon who your friends are you know are they smart they stupid and things like this so when things happen you know you gotta have a team my team at Rich Dad is ungodly they are such a high performance team small with only 10 people but we kick ass wherever we go and thanks a lot to my wife my wife did a great job you know I wouldn’t be here without Kim and we’re a Titan Kim and I get divorced unfortunately but your team right now is crucial so the final word says Maureen say to each other Semper Fi Semper Fi means forever faithful the older I get I go the more I don’t know and uh crypto is taking over the world and uh I was just on my phone to my gold and silver dealer and I still own gold and silver and I bought a lot of crypto but it’s a very important subject that if we need to be aware of and once again the Rich Dad we don’t recommend anything but we just do our best to give you the information so you can make your own decisions and I still own uh some quite a bit of Bitcoin and ethereum but I’m waiting for the price to come down before I buy more take another position in both Bitcoin and um ethereum I just want people to know that to know and think because I get promoted all the often time you got to get down on this one oh you got to get her on that one that’s what’s going to go to the Moon you know I’m an old man I’ve heard this so many so many times over all these years in real estate stocks you know and and that’s why we have the Rich Dad Radio Show it’s not to promote anything but the idea of understanding what’s good and what’s bad about something how do we generate cash flow passive income which is one of the tenants you preached enriched that poor dad in today’s high inflationary environment well I’m still a real estate guy but I’m not I’ve never been I’ve never been a flipper you know guys were buying a house for ten thousand it’s only for 20 I don’t do that stuff I buy income producing real estate like if you owned farmland and it’s producing let’s say Alfalfa that’s an asset I own cattle I own I own a wagyu cattle because what I sell is the wagyu Bulls semen you know those cash flow I should change that to semen flow and what that’s hanging behind me is you know George Gammon he always talks about the economy is hanging on this hot air balloon and that little basket down there is us you know just dangling from this balloon and that balloon happened in um as most people know in 2008 when Bernanke who was awarded the Nobel Prize can you imagine that printed trillions of dollars to blow the economy into a bubble and it was the everything bubble you know stocks and bonds went up real estate went up and he kept dropping interest rates so the so the dollar became more valuable but what what happened this year David is that balloon’s coming down it’s called what Andy Chapman calls the three times crash stock spawns and mutual funds crash real estate crashes and cash is trash that’s going to start flying the US dollar I mean it’s going to start flowing back to the U.S because treasuries are going down if you don’t have gold and I mean physical goal or physical silver you better start doing it now because of the US dollar although JS Canadian he can see sometimes clearer than Americans can’t house screwed up our dollar is yesterday I panicked goal push 2000 U.S I don’t know what it isn’t Canadian in the Looney but um I think next stop is five thousand for gold okay it may take another five years but I think it um you know this this here is a real gold coin and my first the first one I ever bought was in 1972 I bought it in Hong Kong and I paid fifty dollars for this and today it’s two thousand dollars plus plus plus plus and this also has a silver coin this is real silver I don’t like fake money and that’s why this Vancouver resource investment conference was important because you come to hear about why if you don’t have gold I mean physical gold and silver you should have some now and today we have both good news and bad news and the bad news is the world economy is collapsing but the good news is the number one investment that everybody in the world can afford is silver everybody and that’s the good news but will most people buy it now they’ll save money instead and they’ll save money in spite of the fact that they’re printing trillions of it gresham’s law is in full force right now bad money is pumping into this system and all these idiots you know it’s called Financial stupidity they’re saving dollars you got to be kidding me and they’re printing they’re printing so much money and the beauty of silver let me say it again everybody in the world can afford 20 bucks or you can afford a dime you know I mean you can go to a coin store yeah I’d like a night on a 1963 dime you might pay a buck for it but that’s how stupid people are and they don’t realize that silver has not only been an industrial metal but it’s also a monetary medal it’s been used as you know payments for years and years and years so I got this job at Xerox the same story you have I got my little handy dandy sales planner up I’m dying you know let’s say there’s 20 sales guys at the Xerox branch in Honolulu I’m dying I mean I’m like and the this guy Sanchez flies in from western region Santa Ana he looks at my my uh sales thing and I got all these appointments but no sales you know and I’m gonna get fired so I I can’t I’m working hard but I’m gonna get fired you know because I had no sales so I go my rich dad’s office was a Waikiki so I got a rich dad’s office and I show up my planner he looks at it he goes okay he says let me ask you this how many and you know you get back to knock on doors I had no established accounts the fngs and the fnu guy has to always cold call you know that’s as brutal as it comes so I’m cold calling call calling call calling on Honolulu I’m getting nowhere but I’m making a lot of cold calls so I show my Rich Dad my sales planner just like you you deal with your guys and I said my rich chances well it’s obviously why you’re failing I said why is that he says you’re not failing enough he says if you want to get become successful you have to step up your failure rate I want what because in my poor dad’s family the academics family phds and all this failure means you’re not successful and to my Rich Dad failure Matt you were getting successful so his advice to me and I still working for Xerox I’m probably 28 years old he goes you gotta step up your failure rate find a way to fail faster so that’s when you get creative you know I can only make so many sales calls a day what is the biggest difference between fear today versus fear 50 years ago versus fear 100 years ago versus fear 20 years ago isn’t this a common thing like when Market does well economy does well a few people are prepared for it most people kind of sit around don’t do anything about it what’s changed and is that going to be happening 50 years from now 100 years from now where people who capitalize and most don’t well that’s a fabulous question because you know today when I refer to 2008 most people remember 2008. did I mean that’s when women went down of course 38 drop yeah they they all remember it but I want to say what you did was really really smart because the best time to start a business is right after a crash I made more money after 2008 than every my whole entire life because everybody was hiding like little cockroaches wow you made more money after 2008 in your entire life yeah so when you know here I’m talking about the coming depression everybody says oh you’re you’re such a pessimist you know like I know I’m excited you know I got sexually stimulated thinking about it all the bargains that are going to be on the street you know I mean I mean it’s gonna be Bargains everywhere but everybody else oh you’re pessimistic no I’m actually optimist so anyway so you’re very smart just you know what I study I study business guys who start right after our crash do very well most of the time if you have money you have more power if you have attractiveness and sex appeal and all that you have more power so I think one of the most misunderstood words here is power and that’s why we have Rallo on this program it’s about power so and whether you and I don’t know if you want it or you don’t want it but I would say most people want more money people want to be more attractive to be more you know sexually attractive or have great relationships and things like this but also you want more power the ability to do because many people today are trapped you know when people lack power their lives are kind of different so power is simply the ability to do and one of the biggest abilities is can you change an addiction into a good habit can you take a bad habit into a good habit so for example ever since meeting Rallo in the gang I was able to break my habit of overeating I overeat every time I’m under stress you know what do I need to do I need to eat and thanks to Dr Nicole shred Nicky and Ultra healthy human I and you know the encouragement are rich and Rallo have been able to get my body back down to Marine Corps weight and I’m 74. so I have the body of a 25 year old now when I was in the Marine Corps but I had to get over the addiction of eating that was tough you know thank God I didn’t drink that much or smoke but though that’s power so did you ever wonder how the rich don’t pay taxes of course I mean it went viral when Trump said he’s paid zero in taxes and so it got me wondering too it’s like well one how can I do that right because I need that I mean it would be great if I could pay zero in taxes and two how exactly can they structure it to get zero in taxes it goes over here to um fake money fake teachers fake assets it’s all the same and all of these guys who are screaming for the rich not to pay taxes I cover it in fake I actually have an article from The New York Times where they interviewed Jared Kushner who was Trump’s son-in-law you know was ivanka’s husband yeah they’re they’re they’re richer than the trumps Jared kushner’s family the richer than the trumps but the reason Jared explains it why these guys pay no tax is because they’re in real estate they’re not in stock spots mutual funds and ETFs and so he explains it so the reason the rich don’t pay taxes is because there’s three types of income they’ll never teach you this in school the fake teachers and everything number one type of there’s three types of income okay number one type of income is earned income that’s earned income it’s when you work for money it’s earned so that earned income shows up here so these are the guys that pay tax so when all the guys of screaming taxed are rich well you can’t tax them because they don’t have jobs that’s absolutely it’s kind of funny isn’t it we’re going tax to Rich oh yeah good luck you know and then the second type of income okay his portfolio income and portfolio income is from flipping houses or you buy a stock for like ten dollars you sell it for twenty dollars that’s portfolio income okay I don’t do that Trump doesn’t do that so most guys are flipping houses and all that buying stocks and flipping them for two you’re getting this type of income so this this income is about twenty percent today some of that here but the income that the rich work for is called passive income passive income is also known as cash flow that’s the name of our game cash flow and that income his income that’s flowing from here to here it bypasses taxes so I know this doesn’t sound fair and it isn’t fair I don’t disagree with you but what’s not fair is our schools which are part of the problem will never explain that and so because it’s passive income is it not taxed because I guess you guys are creating jobs and owning and providing houses you’re getting smarter there it’s not illegal because the tax laws are incentives to do what the government wants done so the reason the Trump scale sockets and kushner’s pay no taxes is we provide housing number two in the B column we provide jobs so we pay no taxes and three you know it’s a bad word it’s oil when you drill for oil you pay no taxes but if you buy Chevron you pay taxes stocks if you provide food you pay no taxes so if real Financial education which will never be taught in school because they’re fake teachers when I was nine years old my rich dad taught me how to become rich by playing the game of Monopoly and I didn’t understand why I was playing this game of Monopoly and one day Rich Dad said to me it says there’s many ways you can become rich one of the best ones I found this game Monopoly because games are some of the best teachers in the world because all games engage for intelligences number one is your mind number two are your emotions you know fear and anger and sadness number three is physical I mean how can you learn to walk if you don’t fall down and number four is spiritual intelligence as Maria Montessori said what the hand does the Mind remembers as you know we learn little to nothing in school but in fact you’ll find out that going to school actually diminishes your ability to get rich you know so that goes counter to what everybody tells you go to school get a job and you’ll make money and that worked probably a thousand years ago not working today you know it didn’t work for me I mean I have a college degree but I learned nothing about money you know and what I’ve learned I had to learn on my own from my Rich Dad so we’re going to talking about School making mistakes and we’re going to talk to you about cheating okay my favorite yes subject okay so in school what do you have to do to cheat I’d say finding a smart person in class and looking at their paper you see when I was in school the definition definition of cheating was I asked a smart girl like you and that’s how I got through school I always sat next to the smartest girl in my class and the teachers kept throwing me out because it said you’re cheating when I go to my Rich Dad he goes That’s not cheating that’s cooperation and so I have my poor dad who would have said I was cheating and my Rich Dad said I was cooperating to the two different points of view now there’s this brand new book out I’m having everybody in the company I read it it’s called Big potential and it’s by Sean acore now he’s not a flunkier like me he was 12 years at Harvard as a teacher and all this stuff there and he studied all these students and he’s the one that found out that the age of suicide is going down kids are committing suicide at a younger age and depression went from age 28 to 14. and he said the reason is is because how we teach kids so all you School teachers out there don’t read this book because you’re going to find out you’re damaging kids but worse than all it’s making it harder to get rich because what he talks about here in this is in school they talk to you about the survival of the fittest the a student we nased in it no I was not an a student either I was a c student and I found out that by cheating I was actually preparing myself to do well in business the big thing about risk here is this in school they compensate for a risk by telling you to memorize the right answer so in other words these kids leave young people like you leave school think oh if I know the right answers then there’s no risk and it drives old guys like me crazy because everybody’s talking about Millennials what’s wrong with them you know Millennials are the most highly immediate the most highly educated generation in history they have the cell phone they didn’t get educated in school they got educated on social media on the cell phones they know all the answers but they’re afraid of doing anything yeah you know the biggest complaint about my generation is Millennials know all the answers but they can’t do anything and the reason they can’t do anything is because you might hurt they’re somebody’s feelings you might make a mistake you know that’s just keeps you guys just trapped in this little box here yeah so that’s one of the reasons I think Millennial money is such an important Point here because if you’re going to come into my world old guy’s world or the information age you’ve really got to understand what is risky and what is not risky and in my world if you play it safe that makes you stupid because if you don’t take risks you don’t get smarter yeah you know so you may know the answer but you can’t do anything yeah and one of the best things I had is I went from I went to military schools I went to Flight School I have such great teachers you know all of them could fly you know so my flight instructor could fly what a novel idea you know a flight instructor can fly but when I was in high school most of my teachers were terrified they’re all cowards you know job security don’t make mistakes just memorize the right answer and you’ll be safe and that’s why most School teachers aren’t Rich yeah and they teach that to your generation yeah and most of them are teaching us things that they don’t do on a daily basis like we have entrepreneurship classes oh and they’re not entrepreneurs you know so it’s it’s kind of frightening when you think we’re relying on the school system and the fact that they’re teaching us so the way to get through college right is practicing all the right answers taking the exam putting in all the right answers when in real life that’s the last thing that’ll ever happen right no like you talk about fake you know this is my book fake here fake money fake teachers fake assets the reason it’s fake money fake teachers and fake assets is because it all has to be fake you have to have fake teachers to understand fake money they have to have fake assets to buy those stock sponsored mutual funds fake assets but without fake teachers fake money you can’t do it so that’s why I love I love working with on these programs here because if you’re going to be successful you’ve got to take some risk yeah and when you make you take a risk you make a mistake and you might learn something because we’re supposed to learn from our mistakes look at Tiger Woods the greatest golfer in the world one of the greatest athletes he spent a lot of mistakes tonight he would not be a great golfer sitting in a room listening to a teacher who never played golf tell tiger how to be a golfer and somebody but I remember don’t take any risk don’t pick up that putter don’t pick up that driver don’t hit something because you might go out of bounds so don’t take any risks and that’s why your generation is more screwed than my generation yeah I mean and in class we look up to the person that knows all the right answers like so really it’s it’s just this this mentality of having to be perfect and to have this perfect intelligence and know all the rest I know all the right answers when that’s the person that’ll probably be the least successful in life because they’re not willing to make these so let me say this again education is more important than before but you got to be careful what you’re learning that’s why I wrote the book fake money fake teachers and fake assets don’t listen to fake teachers yeah I have a friend he teaches entrepreneurship at UC Santa Barbara and I call them up and I say how in the world can you teach entrepreneurship he says well I have a master’s degree I said ask the question again what gives you the right to teach your entrepreneurship he says I have a master’s degree in entrepreneurship and I say hey Doug you and I have been friends for a long time you’ve never started a business you’re a fake teacher he goes but I have all the answers I said yeah but you don’t know how to start a business so that’s why I do again what I do education is more important before but be careful there’s fake money fake teachers and fake assets like some of the biggest fake dishes of those financial planners they’re telling to him you know to save money why would you say whatever the government’s printing money then they tell you that vessel the long term in the stock market and you guys know the stock market is ultra short term there’s high frequency trading today long term is a Split Second but they’re telling you guys like my generation to keep your money in the stock market for 40 years and you have nothing left at the end of it then they tell you to save money what the heck’s wrong with this I get a little Disturbed every time because it happens like five times a day a young man or young woman come up to me oh I’m getting my real estate license oh I’m buying real estate listen at the top of a market so the reason I highly recommend if you subscribe to only one newsletter there’s lots of them out there is Bert Doman d-o-h-m-e-n Capital research his Wellington report and again he has his free book I mean his free advisory surviving soaring inflation the opportunity of a lifetime and uh this is it here just you know you get it and the opportunity of a lifetime and I agree 100 some of them you have no idea what was like somebody were too young I’d go into a Chinese restaurant and they had white out on all the menus I like Chinese food but anyway so one day rice would be a buck next day be two bucks and they had to keep writing stuff out you know I’m going holy mackerel and then I put together when I was flying in Vietnam why my rich dad who was Chinese said watch out because they took the dollar off the gold standard they’re going to print money escort money supply not interest rates that’s exactly what Bert was just saying right now so they’re going to try and raise interest rates to slow down the economy and they’re going to exacerbate we’re in a recession already because things are slowing the velocity of money is slowing at higher rates of speed but also it’s going to crash the economy and we may be going into a depression now oh you’re such a bad news guy I tell you something I learned more in the 70s than I do today because when I was when we were I was trying to put our real estate together when interest rates are 20 you get really smart I mean I had to be creative and all this and still make it cash flow so ladies and gentlemen it’s only how smart you know how creative how smart you are in the future and how resourceful and resilient you are because I’m afraid Bert’s correct this is May 2022. I think we’re heading into a depression it’s going to be a recession that’s a given we’re already there technically but a depression is going to be a whole nother Magilla and some people be wiped out exactly as Bert says the last depression gave us communism if you’re poor right now it was called look in the mirror that always said to me says if you’re looking in the mirror right now and you see a loser that’s what you are you can’t make money in this economy you’re going to change we are thinking you know you know hindsight is 2020 as I said yes yes so I was if you’re looking you know you don’t have any money you don’t have a job your boyfriend or girlfriend has left you and uh as soon as I said well how did I get here how did I get here it was a it was a great book called uh you know Gulag archipelago by Sultan Nathan so he gets thrown in this in a um concentration camp or a gulag in Siberia and he says how did I get here you know how you got there because he was a peacetime leader um didn’t fight back so people are being sold adult go to school get a job pay taxes save money get out of debt buy a house with a house is an asset and invest for the long term in a well-defined portfolio of stocks bonds mutual funds and ETFs and I do none of that when you’re putting your team together what are some things you look for as a team and what does it take to build a stronger bond with you it takes time okay yeah you know because you know people when it comes to money people lie so it takes time to build that trust can you trust this guy Under Fire that’s why I love the Marine Corps you know we may not have liked each other if I went into battle we’re all Marines I could trust so take some time to put a team together yeah and and a lot of flakes out there too so like a couple of my partners we’re 40 years together 40 years together we know each other like brothers it’s the most important thing to trust confidence loyalty integrity diligence carve on my back there’s three kinds of money today that you guys got to be aware of one is God’s money and God’s money is gold and silver so this is silver and this is gold the reason I brought it most people don’t know what it looks like and then there’s government money which is fiat currency which is the dollar the Yen the peso the Euro the Yuan yeah fake and everybody’s working hard for it it’s like eating fake food or drinking fake water that’s why people are getting sick financially because they’re working for fake money yeah okay and then there’s fake assets which was another part of their fake Millennial the fake generation series but the reason I brought this here is most people haven’t seen it this here is real silver Plata okay what it looks like and so in 1972 and this here is gold yeah this is God’s money this is what God’s money looks like yeah the reason I call it God’s money is you can’t fake it you know you can fake it with a fake ETF like a gold ETF or a silver which I don’t touch because it smells as bad as the guys have printed that crap you know what I mean Jesus but this is real money so you look at this here when I first started buying that that was a dollar 40. yeah yeah today that’s 16 dollars and this here is Oro Gold and the reason we brought it is most people haven’t seen or touched this is real this is God’s money why did I say it’s God’s money because he was here when the Earth was created yeah and it’ll be here when we’re all dead and gone when you’re saving those fake dollars this will still be here yeah or those fake ETFs or those fake stocks so this here is called the grain box these are there’s 500 of these little tubes like this wow 500 coins in here and this is one which is worth more which one’s with more the gold yeah this is worth more than all that now the reason I say this is because for your generation this could be the biggest opportunity you’ll ever see I’m not making any commissions on this stuff yeah of course but if you look at what happened with the fake Central Bank see the purpose of the central bank or the fed or all you know the the Japanese the bank of Japan or the European Central Bank they pump out fake money the purpose of central banks like the FED is to protect the banks not you there are criminal operation as far as I’m concerned you’re going to find that most of my talks about the Fed so I would recommend you guys buy this stuff don’t save money don’t save government money because they’re corrupt as hell as you know yeah save God’s money the young people like you leave school think oh if I know the right answers then there’s no risk and it drives old guys like me crazy because everybody’s talking about Millennials what’s wrong with them you know Millennials are the most highly emitted the most highly educated generation in history they have the cell phone they didn’t get educated in school they got educated on social media on the cell phones they know all the answers but they’re afraid of doing anything yeah you know the biggest complaint about my generation is Millennials know all the answers but they can’t do anything and the reason they can’t do anything is because you might hurt they’re somebody’s feelings you might make a mistake you know this keeps you guys just trapped in this little box here yeah so that’s one of the reasons I think Millennial money is such an important Point here because if you’re going to come into my world old guys world or the information age you’ve really got to understand what is risky and what is not risky and in my world if you play it safe that makes you stupid because if you don’t take risks you don’t get smarter yeah you know so you may know the answer but you can’t do anything yeah and one of the best things I had is I went from I went to military school then I went to Flight School I have such great teachers you know all of them could fly you know so my flight instructor could fly what a novel idea you know a flight instructor can fly but when I was in high school most of my teachers were terrified they’re all cowards you know job security don’t make mistakes just memorize the right answer and you’ll be safe and that’s why most School teachers aren’t Rich yeah and they teach that to your generation most of the young people your age today and a lot of them want to become entrepreneurs the problem with this you have to understand tax you say this is all over the world very little difference these guys pay 40 percent of their money in taxes so they make a thousand dollars they’re going to spend 400 in taxes these guys that make a thousand dollars they’re going to pay sixty percent in tax so our schools are teaching entrepreneurship but then I teach them tax okay and because they’re focusing on income over here is 20 in tax so they make a thousand dollars only only two hundred dollars goes to tax and these guys zero percent so the reason Financial education isn’t working in our school systems is they’re teaching Financial education for these people and these people but to really become rich you have to focus on this site here and that’s the difference between Rich Dad and the financial and what they’re teaching in school right now I’d rather be on this side this side is a lot harder but in the long run it’s more fun for me on this side here it’s it’s harder but you’re paying tax constantly so these guys here are saying tax to Rich well these guys don’t pay taxes and and and as strange as that may seem and I’m talking about legal this is all over the world so that’s the big difference here one last thing which I think most Millennials understand is you know in Rich Dad Poor Dad I wrote about uh Ray Kroc founder of McDonald’s and he was teaching at the University of Texas the MBA program and Ray asked the and most of the mbas are going to come out here so Ray Kroc asked him he says what business is McDonald’s in and everybody yelled and said no no we know you’re in hamburgers and a ray says no we’re not I’m not at McDonald’s it’s not hamburgers McDonald’s is in the business of Real Estate over here so what you have McDonald’s here and the money McDonald’s makes buys the real estate and that is my formula this is Rich Dad I own real estate I don’t hang out here I’m glad you guys are here right and we do our best to make sure you’re educated and you have your own businesses and things like this here but really the formula I follow personally is McDonald’s we have education company that buys real estate which means we make a lot of money pay zero taxes legally I just know that like your father you know he went to military school and I went to military school and notice the the people that have had really tough mental emotional physical and spiritual training they’re tougher yeah yeah so I came out of the I came out of Academy like your dad he went in the Navy I went in the Marine Corps and we come out tougher you know internally stronger and I don’t know how you guys get that yeah I mean I I call it spiritual intelligence at this point and let me draw this you guys have seen it before but again if you look at it this way this is intelligences and this is what makes us up this makes us human beings we have mental intelligence we have physical intelligence you know like Tiger Woods is a fantastic golfer I suck you know and then you have emotional intelligence and emotional intelligence they call it EQ is the most important because I get my feelings hurt all the time I get angry I you know I I hallucinate in my head and I think things that aren’t true but the biggest one of all is the spiritual and we’re difference between mental and spiritual it’s very simple mental causes too so man woman good bad up down where spiritual is one so I’ll give you an example why do I do my work yesterday I was driving down the road and I saw this young guy God just broke my heart you know he’s standing there in a hot Phoenix Sun he’s just unemployed need money to feed the kids and all that now mentally I could say well get a job you idiot but spiritually I I am him I feel for him yeah so in my work I work for this you know like I don’t need the money yeah yeah but I as my teacher was Dr R Buck Minister Fuller and it says I don’t work for me I work for everyone and that was one of the biggest lessons I got from the military you know from the military was a very high spiritual intelligence that’s why your dad and I get along so well because when we went into combat which is a horrible experience of good and bad people anime and friends you know but when we climbed into our aircraft it was a crew of five became one it is the best feeling as horrible as it is flying into combat because we might not come back but it was the highest feeling of all it was spiritual and I’m afraid it’s not just Millennials as human beings you know well you know is this good is this bad is this the best veton shirt can I get at a better price or he’s cute or she’s cute you know I mean but is there somebody better right yeah I mean that’s exactly what’s going on so you guys are stuck in your head and I think it should get more into your spirit you know like saying what can I do for my fellow human being yeah what can I do for the environment and I think the biggest Secret of My Success is I I have all you know we all had these we all have some degree of physical things we do yeah I’m a basket case a lot of the time you know I get upset I get angry I get sad I get my feelings hurt and I’m always this is good this is bad this is you know you watch politics it’s all good and bad it’s a bunch of BS well what keeps me going is this and it’s spiritual yeah is how can I serve others how can I serve the planet how can I fix this problem you know and Millennials it’s not just Millennials it’s as human beings in general if you can get back to being one being compassionate you know you’ll always have idiots here you know laws of idiots here and idiots here but just stay in your spirit yeah it’s like when I saw that guy he’s probably 45 years old I couldn’t imagine being a father saying I need money for my kids and you know I gave him a few bucks but it doesn’t help no all I was when I gave him a few bucks I just think hey we’re one yeah I feel your pain and so what’s happening I think it’s not just Millennials it’s human human beings are idiots you know we inflict a lot of pain but this is spiritual intelligence is how do we make it one like my lover trees when I see people cutting down trees I want to kill them you know but and then the oceans you know it just breaks my heart as I grew up in the oceans oh yeah so when we’re in our spiritual in our heart and our Silence of the brain of the mind that we’re most effective if you understand how money is created money is credit and debt that’s all it is money credit money I mean credit debt and taxes that’s what money really is but they don’t teach you that in school so today the reason the world economy is crashing goes all the way back to 71. but what happened in 781 they could just make fake money and they can keep printing fake money and this is the US dollar the U.S can keep printing fake money for a number of years yet and the only way they could keep the economy expanding they had to find people stupid enough to get into debt so as you know one of the most uh I didn’t have this as a kid you know it’s called a credit card now everybody has credit cards but they never teach you how to use it yeah why do they have a credit card it’s because they needed more money so they keep expanding the economy they keep finding people stupid enough to just get into debt so give them credit cards and all this and say well he gives auto loans but I think the most dastardly thing for your generation was in 2009 when President Obama uh went to the banks and said look we need to get the students more into debt under the guise of you need to get a good education that’s why I keep saying to the young the Millennials you know if they’re a pack of whips you know I make Millennials who are just horrifyingly weak snowflakes I call them you know they go to college at doormats they taught trigger events or whatever you know the the I don’t know what they say today but they’ve got to have special rooms where there’s no whatever I’m going holy mackerel Welcome to the Real World you know and there’s other Millennials who are as tough as Nails I mean this is the biggest opportunity they’ve ever had huge so it just depends upon what’s between this year and this year what’s in your heart and that’s what happens often have no basic Financial education you know whether you’re old or young if you’re stupid you’re stupid I mean just don’t worry about it you know the market will take care of you and the difference was is that in my generation it was real estate so I took real estate courses I’ve never lost money in real estate I’ve made Fortunes in it do you know I’m an Insider because I do all my I don’t I don’t touch REITs REITs real estate investment I don’t trust paper I am I handle my own I’ve started my own gold mine in China unfortunately the Chinese took it that was a lesson and I started my own silver mine in Argentina so I understand mining so all of these guys my friends who are in crypto they’ll tell me they expect about 15 000 new icos so this you know basically all it takes is a brain and some electricity in a computer and you can create your own crypto so could Bitcoin be toast also possibly you know so when I told this guy I bought Bitcoin when I dropped from 65 to 50. he says it’s going to go to five five dollars I said it might the difference is I I can afford to lose that money but that’s called I’m speculating so this is in my world as a professional investor I’m in the acquisition phase I’m taking a position I’ve taken a position in Bitcoin and ethereum every time it looks like it’s getting a little cheaper I’ll buy it I’ll buy it I’ll buy it so I saw Bitcoin at 20 000 I think it was and it dropped to seven and I waited and when it came to nine I bought so today Allah says 50. I’m still in the money and if it goes to 40 I’m going to buy more now could I be wrong absolutely could some holding or coin take off yeah you know could there be another pets.com of crypto absolutely but the difference is I’m in the acquisition of taking a position I took a position in silver and gold I have millions not in this country but I don’t have any paper I don’t have any ETFs I only take the real stuff because as I said the Perth Mint can’t deliver on Silver if a mint can’t deliver on Silver who do you trust and so with all of these young kids coming up going to invent the next Bitcoin I don’t doubt they will I don’t doubt one of those 10 000 new crypto May blow Bitcoin and ethereum out of the water and if that happens I’ll make my switch but until then I’m like I was with gold and silver I’m in acquisition I’ve taken a position when I sell is called distribution so as a professional I not a speculative and I don’t flip houses because I think that’s really stupid because it’s such high risk to flip a house but today everybody is flipping houses because the price of real estate is going through the roof you know I I was talking to the guy who cuts my hair says oh I finally bought a house you know I offered a hundred thousand over the price and going holy moly there’s that’s a Mania as you know there’s bones bust and Mania real estate is in a Mania because of this because interest rates are so low so not only are stocks going up real estate’s going up and everybody’s jumping in when this happens the idiots jump in and that’s what’s happening right now so Bitcoin is the same way so when it took a dip I bought more can it go lower yes I’ll buy more but there’s one big difference between Bitcoin and ethereum and real estate Bitcoin and ethereum are liquid means I can get out if I realize that there’s a new NFC whatever I think what do they call them or a new guy’s going to take out Bitcoin I can get out but with real estate the trouble with real estate if it goes down you’re the skipper of the Titanic you’re gonna ride that baby all the way down so real estate is not liquid at least stocks are liquid but that poor bus driver dropped from liquid stocks into liquid bonds he’s got no place to go so when I talked to him about possibly gold silver or crypto oh he’s an old guy you know he’s an old guy so those are they’re all related so in in this world of money they’re all related you know it’s like we’re all related somehow on this whole planet and so that’s the world of money today so that’s real Financial education if you realize you cannot make a prediction especially today because nobody knows what’s going to happen until it happens the question is are you prepared for what it happens so I love Bitcoin because if I realize there’s a hot new hot new coin coming along I can get out but in real estate I’m stuck in it so those are some of the differences between investors acquisition taking a position and distribution I can distribute my Bitcoin and gold and silver quickly I cannot distribute my real estate that quickly or my businesses so those are some of the differences in as real Financial Education First word I had to learn at the Marine at the Academy mission mission is spiritual that’s your mission and my mission has always been to serve people most people all they give up is making money and throwing people that’s called the Federal Reserve Bank Wall Street and all that I wanted to do with them so I just don’t play their game but you have to get smarter not to play their game the thing I’ve said before and I’ll say it again because some people need to hear it your generation this thing called life was my cell phone didn’t come out until 2007. yeah millennial generation was given the most powerful single tool ever given to any generation and what are you guys using this thing for to Twitter to you know social I don’t know what you guys do with this thing but I love this thing I mean I’m I’m on YouTube constantly you know I find the best teachers in the world out there I mean I don’t know why and I would go to college because the best teachers are on YouTube for free and I learned and it’s not that the teacher is the best the thing I love about YouTube is I can get one person says X and the Guyana says no that’s why and so I’ll listen to both sides but that’s where your intelligence grows because both sides have a point of view and I listen to both sides but if you’re in college you gotta listen to One idiot who’s boring you know I really did not like school you can tell yeah first of all is I didn’t want to become an employee and I returned the teacher says go to school and get a job and I said but I don’t want a job you know and it didn’t make sense to me because I had a rich dad my poor dad was an employee he was a good one but personally I didn’t want to become an employee but your generation now must that’s the difference yeah you must you don’t have that option A lot of people say well how come my kids kick in my butt is that because of because they don’t have breaks put on you you know kids just make mistakes parents still have what they were programmed to think don’t make mistakes make sure everything you know I mean they’re slower kids are faster and so they learn faster so I learned you know when I was 10 my rich dad started teaching me about entrepreneurship and investing with the game of Monopoly and you know I said Simon Says and my poor dad the academics going what you doing it’s like I play Monopoly and he says well that’s a waste of time you know go back and study that’s why he says well ask ask your friends father Rich Dad why are you studying Monopoly and so I asked Rich to ask why are we studying Monopoly he says because one of the greatest formulas of wealth is found in this game board idiot says what is I’m 10 years old going like this four greenhouses 10 31 tax deferred exchange into a red Hotel I guess and so I’m a kid boy at my old man the PhD from Stanford and all this stuff you know and he’s broke is broke is broke and Rich Dad goes from his little dinky little store and now the property owns is called the Hyatt Regency on Waikiki Beach so he followed the four Korean houses one red hotel and again the greatest educator of our times could have been Maria Montessori who said what the hand does the Mind remembers so my rich dad for my education he says you want a real education kid oh of course of course so you owned my father called poor Day called slums my rich text I’m a low-income housing provider that means his definitions he says they’ll knock on doors and collect rent what what you know so that’s what everybody wants to invest in real estate but I don’t want to collect rent or fix the toilet you know what I mean so I’m 10 year old 10 to 12 I’m uh your rent is due that I heard more abolished [Laughter] these are grown adults like Hey kid beat it up you know I don’t have my it’s you it’s you signs of a you capitalists from 10 years old and so we can’t afford it they got big screen TV in the room they’re watching TV but they can’t pay the rent and they have kids what are they teaching their kids knocking on doors asking grown-ups for overdue rent fried my brains that I don’t want to be like I find the best teachers on YouTube they’re not you know uh they they teach because they want to teach but some of them are Crooks too well you’re going to know the difference and so I think YouTube is fantastic and I’m on YouTube constantly so you saw me take off my headsets and all this I go to sleep with YouTube on but I choose my teachers wisely so who are some good teachers people can watch I listen to guys who who hate each other this may sound strange but pewter Schiff hates Bitcoin he’s a good friend of mine he’s a gold guy then I listen to Michael Saylor and all these other guys who are Bitcoin guys and and uh so I just listened to the two points of view because in between there is something I can take away but I don’t listen to just one side that’s why I said when I was in 1911 well 9 13 I was in Istanbul talking to Muslims I said I want to find out about your religion because I was told what I was told as a marine you know the Crusades all our infidels and all this crap that we’re taught as Marines also and I said you guys are good people they’re good people today you have most of these people who have a financial plan and they want you to give them their money you know put your money in stock spots mutual funds ETF and savings okay you know and most of that money is gone anyway as we talked about earlier the last two years of most people’s lives all that money disappears anyway so what’s the end game for Kim and I here and for Kim and I our end game is the end financial plan is this money goes into what’s called a CRT a charitable remainder Trust this charitable remainder trust then means the government can’t tax me that’s the reason and you know and you’re going to study taxes the only people that pay taxes are these people here because they’re not doing what the government wants over here I’m a partner with the government the reason I get a tax break here is because I provide jobs these guys don’t provide jobs I got a tax break here because I invest in real estate most people have a house I have thousands of houses and we provide housing I provide oil you know so I’m I get the tax breaks because the government’s my partner if you go to school and get a job over here you will pay those tax and you should because you’re not doing what the government wants I do what the government wants so at the end of our lives here we’re going to put it here into a CRT and the goal is the government can’t tax that money and it goes out in our for Kim and I our goal is every year we’re going to give a hundred million to charity every year most people will be broke at the end of their lives so we’re going to give all this money back and for inter-perpetuity Charities that we support like I’m I’m very much into the oceans so I support Greenpeace Kim loves animals so she supports animals we support all these things that we can’t do because we’re working our businesses so we give our money back to Charities we give it to Boys and Girls Clubs and other Charities all over the world a hundred million dollars for a lot of people you know like Trump not a lot of money for us it’s a lot of money so 100 million dollars here is our goal today we’re probably if if if I died and Kim died today it’ll probably be 25 million a year but I have probably another 10 years 20 years to live so my this is the ultimate goal Kim has probably another 30 years so can we make this most likely and if we don’t make it we’re still at 25 million today but that’s the end game here we just give it back and because we give it back the government doesn’t tax us that’s why I love the tax law the difference is is when I left my high pay I so I got a job with Xerox so that’s the last job I ever had so when you look at the cash flow quadrant here a s b i here I was okay and I was making a lot of money at Xerox I went to Xerox for one thing not the money I worked at xerox’s I had to learn how to sell um because entrepreneurs have to learn how to sell so I Was preparing for this quadrant here yeah but I was really preparing for the big business quadrant so I took a job at Xerox for four years so I Was preparing for these two quadrants here so when I talked to young people like you look like you’re here in social media yeah you’re learning the same thing I was learning at Xerox except you’re learning technology wise yeah it’s very smart 100 that’s and that’s exactly what I’m doing here and one thing I actually really do appreciate when I worked at the bank was that we were very sales orientated orientated and that’s all that mattered and I think that’s where I got a lot of my sales skills too correct like it was learning and learning how to get rejected and finding a way to not get rejected next time so the lesson to young people is don’t take a job for the money take a job for what you’re learning yeah you know and the harder and it was really hard because I didn’t like I’m actually a very shy person so learning how to sell was the hardest thing I could do but if I hadn’t spent four years learning how to sell I never made it here I never made it here so the entire time that you were here you were preparing to jump to the other classes correct so every job is not so much for the high paying job with job security for not not everybody and most people should have job security because they’re not designed to be entrepreneurs but if you’re going to be an entrepreneur then you better take this job and say well which way am I going to go yeah so I knew my job at Xerox was to go here and here and here yeah not stay here and I actually make so much money over here that I don’t need job security so really that’s the lesson when you look at a job you look at what can I learn more than how much can I make and I think that’s the biggest challenge and if you look for a job where you can learn a lot the heart of the job the better it is yeah do you know yeah and the sad thing today is those guys my age all guys who should be retired but they can’t afford to retire so they’re going back looking for a job last night I was talking to this Vietnamese guy he he lost his job with a telecom company he was a computer programmer so the set is saying on this guy I made nice guy probably a few years younger than me he’s now working three jobs because in his head I mean he was a high paid executive of the telecon company and he lost his job the companies out of business I won’t mention his name yeah but he still has go to school get a job it’s still running his head here rather than say what can I learn and today I mean it’s really sad I was having coffee yesterday and this guy comes up to me he said about my age he says can I come to your company and apply for a job I said man you’re as old as I am but he I said he says I just don’t want any problems I just want the paycheck well most successful entrepreneurs have gone bust right you know Henry Ford an old-time entrepreneur he went bus five times okay look at Steve Jobs he’s on board fired him yeah you know Bill Gates was taken before The Supreme Court for monopolistic practices right even my friend Donald Trump went down a billion dollars yeah I only went down a million so the average person is so afraid of those losses they never get ahead because at school they teach you if you make a mistake or if you fail you’re a failure but that’s not real life a baby learns to walk by standing up and falling down standing up and falling down and our school system punishes you for making mistakes that’s why my poor dad an academic was so unsuccessful he was terrified of making mistakes so once again is your generation you’ve got more faith to Wade through and to think of what’s real so today’s Millennial money is fake rich people and from my world you know I started with absolutely nothing and I’ve run in in my lifetime some of the most dangerous people on earth are fake rich people and in my world which is money how do you know if somebody giving advice is real or fake so when I go back to you because your generation is also called Millennials The Bling generation right yeah it’s all about what you wear and how you act and portraying this life of Living our best lives and so traveling buying purses of name brands well how about these guys who have 500 sneakers on yeah and and like you know I used to work at a bank so you would see this person come in with this lavish car and this like their Gucci belt and their Valentino shoes and had probably about 50 bucks in the bank account so it’s like either their knockoffs or you really don’t know how to use your money so one of the reasons you want to know about fake rich people is I would say 95 percent of Americans are fake Rich yeah they may have you know a nice big house the Beamer or whatever they got and all this they might have the fake Rolex or the fake this on but um I mean how much time does your generation talk about bling like purses and stuff like that and I think we’re in the generation where we fit perfectly with Keeping Up With the Jones and so I think it’s more important for a person for an average Millennial how they look and this life that they appear to be living then how financially healthy they actually are the problem with many people in my generation is they look rich but they’re fake Rich so the first thing that most guys or men and women buy is the big house so these rock stars football started by the big house that’s fake rich then they drive nice cars and you know I have my roles sitting out here I have my Ferraris I love nice cars and then they have a lot of bling yeah but that’s a very very poor person so the thing is how does a young person know especially if you’re looking for a spouse or a partner and all this and in business also my biggest challenge in business was that I had a lot of business partners who are fake rich that nothing but they live in the big neighborhoods and all this is one one partner said to me she says you only make a hundred thousand a year I said yeah she goes and I went but the hundred thousand came from the asset side so a hundred thousand came from assets going into my income and what they had is they had no assets but her husband had a uh you know the high paying job yeah and so their cash flow pattern went like this most went to taxes and then they Supply this big house and all this and then they had their kids in private schools yeah so when you’re driving around the neighborhoods looking at so-called rich people you know most of them aren’t Rich they’re actually one paycheck away from disaster so if you talk to young men or young women whatever you guys are into is here is you want to talk about assets so that’s my wife and Kim and I talk about all the time as our assets our minds as I’ve said this before and ever is in the asset column the average person the middle class person their mind’s on liability column so it’s a young woman today I strongly suggest keep your mind in the asset column because I know what when I was your age a lot of it was just handling expenses right was to rent food clothing just medical bills yeah everything and then the the biggest mistake many young people make is they want a high paying job and the trouble of the high paying job is most of them wind up here in the liability column but Robert I mean you have a Rolls-Royce sitting outside in your Ferrari out here too so what does that mean well I like the nice life too okay but this is the difference in financial IQ Financial intelligence because I think one of the most stupid things people say to young people live belong your means do I love bologna means no nobody wants to live I don’t either yeah so adult that’s a poor person okay so this is the difference and why we have the Rich Dad company and why I wrote the book fake and Rich Dad portrayed the cash flow game it goes to this okay so here’s my ruler and I have I’ve had six Ferraris I love nice cars again this is my Paddock you know and all this stuff I love and they’re all real I don’t know fake Rolls-Royce out there so the question is how does somebody have this stuff so that’s what most of the so-called fake financial advisors will live below your means what looks sweetheart I love my Rolls-Royce you know I love my Ferrari I may be Japanese but I look better in Ferraris and Toyotas you know what I mean is fake advice if you really want to have the nice things of life Focus again on assets so the deal I have with my wife Kim is I can have any cut anything I want but my asset must pay for that so the rule of thumb that Kim and I have as a couple is that if I want a new Rolls Royce a new Ferrari new boat and you have anything any liability I buy the asset first then it buys the Rolls Royce So What by what’s buying my Rolls Royce right now is I have apartment houses and golf courses I just focus here and I can anything I want here so for young Millennials like you Focus here or you can focus here if you focus here okay you want so the reason games are the best teachers at least Monopoly was for me and our board game cash flow because I created cash flow is a game will engage me mentally I’m interested it gets me emotionally yeah nobody likes to lose you know and then physically I have to do something I have I like the board game better than electronic game because I have to do the math yeah you know what I mean when you do the math you’re actually getting smarter and then it’s spiritually it’s you want I want to make sure you win and I can I don’t have to take you out to win cash flow that’s what I mean I don’t have to I don’t have to make you the loser but that’s what schools do they have to have one person smart one person’s stupid one winner one loser so what I’m teaching you either real estate or business and all this I don’t want you to lose I want you to win so once again the games are the better teachers like the game of Monopoly simply because it involves you your physical intelligence and the more you do your numbers on the cash flow game the smarter you get emotionally because nobody likes to lose this is really surprising a lot of people lose because they got too happy do what I mean yeah no what happened oh I’m rich then I get egotistical and arrogant you know I got cocky and I’m smarter I’m richer than you lose and you also lose if you’ve been told why I’m stupid I failed at all this stuff you also lose so that’s why games are the best teachers because you go up and down emotionally as you’re playing the game but spiritually as we get together to help each other out yeah we’re one the reason I say only lazy people use their own money is because it takes much more intelligence to raise capital and so I’ve never been able ever since my rich dad’s as a little boy my Rich Dad forbade me if I’m ever saying I can’t afford it he says figure out how you can afford it how can you do something figure out how you can do something so over my lifetime most of the projects I I’ve started I’ve I’ve never had anybody I like not having money because it forces me to think I get creative I have to educate myself I have to talk to Rich guys hey how did you do this how did you do that how do you do that and what has happened to me and I just turned 72. I’ve never needed money because if I need money I figure out how to raise it you know Millennials are the most highly emitted it’s the most highly educated generation in history they have the cell phone they didn’t get educated in school they got educated on social media on the cell phones they know all the answers but they’re afraid of doing anything yeah you know the biggest complaint about my generation is Millennials know all the answers but they can’t do anything and the reason they can’t do anything is because it might hurt their somebody’s feelings you might make a mistake you know that’s just keeps you guys just trapped in this little box here yeah so that’s one of the reasons I think Millennial money is such an important Point here because if you’re going to come into my world old guys world or the information age you’ve really got to understand what is risky and what is not risky and in my world if you play it safe that makes you stupid because if you don’t take risks you don’t get smarter yeah you know so you may know the answer but you can’t do anything yeah and one of the best things I had is I went from I went to military schools I went to flight school I had such great teachers you know all of them could fly you know so my flight instructor could fly what a novel idea you know a flight instructor can fly but when I was in high school most of my teachers were terrified they’re all cowards you know job security don’t make mistakes just memorize the right answer and you’ll be safe and that’s why most School teachers aren’t Rich yeah and they teach that to your generation yeah the irony of us you know when I was when I left school in the 60s there were plenty of jobs but the world has changed yeah and our schools haven’t and so they’re still making this innate promise of get a job and I was very fortunate when I graduated in 69 we’re the highest paid graduates in the world my classmates were making about 120 to 150 000 a year that’s not much money today but 1969 that was a lot of money but natural as young guys do we spent every penny of it yeah so I had my rich dad’s lesson the rich don’t work for money in my head I said okay I’m making all this money I have a secure job but what’s beyond that and that’s where education comes in so if I could explain this to you for the for the rest of the millennial lessons it’s really going to be on this theme Here because Financial education is about not working for money like one of the first questions when I finally realized what my rich dad was saying I said well when do I never need a paycheck again see my goal wasn’t you know go to the moon or you know secure cancer my job was when when I never need a paycheck again because as long as you need a paycheck be it from an employer or like my poor dad he was so afraid of losing his government pension yeah I’m going Jesus what a way to run your life your pension so my old man kind of kind of got fired he lost his pension it was the most frightening thing in the world to him he had no pension then it was Social Security which is even worse so that’s why my goal when I was about Ura is a little older around 25 I said my goal is to never need a paycheck again from anybody even the government I don’t want any Medicare Social Security or whatever you know I was a military pilot I said oh you got to get the military pilot pension I said you do but I’m not going to and just because of this here that was the difference because I never wanted to work for money to need a paycheck so the next few lessons in Millennial money you’ll find out what I do work for so for right now just let me go to the lesson here [Applause] so this comes from Rich Dad Poor Dad and this these are some of the distinctions it was the advantage I had at age nine because I knew what I wanted to work for and this here in simple terms is called a financial statement in school they teach you get a FICO score FICO is BS all it means how good are you paying your bills that’s all FICO means okay should be the Fido score good dog so this is what your Banker wants to see so when I was nine years old playing Monopoly with my Rich Dad this is the lesson that’s not included in Monopoly but rich dad taught me and fundamentally the problem that most people make they go to school to get a job and they work here so this is the poor middle class in these guys and we’re going to talk about later your first line item expense is taxes you know just recently president Trump said he had a tax cut he didn’t have a tax cut for these guys as you know the rules are always written for the rich okay I didn’t make the rules you can get angry at me but these are the rules the rich make the rules the Golden Rule who he who has a gold makes the rules yeah so the tax cut went to people here that’s where it goes and you learn more about this later on but this is what I work for so what I work for number one is I’m an entrepreneur I want businesses I have multiple businesses and I don’t work in them as you know because you work here you never see me do it no because I don’t work for a paycheck exactly next is real estate and real estate is good for many things which will go into but number one is debt I use a lot of debt to buy real estate and I pay no taxes that’s the relationship there the Nexus paper and that’s saving stocks bars mutual funds ETFs and that stuff I don’t have any of that stuff I don’t save money I don’t know that but this is what most people have to go to school get a job get a 401k and save money loser I’m doing that just to upset you guys because maybe you’ll start to think because I didn’t make the rules I’m just telling these are the rules these people pay the highest taxes and they work the hardest and the last are commodities four different asset classes so Commodities are number one is gold silver oil Land water food so this is what I work for when I left school rather than working for a paycheck and working for money my education had to go beyond getting a job which I had a good job but I now had to start when I left school about your age the thing I have I focused on first actually was commodities so back in 1972 I started buying gold and it was illegal for Americans to own gold you can imagine that back in 72. today you have Bitcoin it’s different okay everything is changing so rapidly today so I started with gold but actually the next thing was actually oil because I went to school to be a tanker officer driving ships for standard oil so I understand oil so I own my wife and I don’t own standard oil or Chevron or Exxon we own oil wells again taxes you got no tax breaks for wanting paper oil huge tax base for owning real oil and then I went into real estate why because I can use debt to buy real estate and because I use debt I pay no taxes and then third I started my business my first real rail business I had many many businesses as a kid but my first real business was a nylon and velcro Surfer while at business and I went worldwide right away the trouble is I was an idiot and the business went up and the business came down what kept me alive was this and this okay so you may say why aren’t you working for money but we’ll go under that next I don’t want what’s called a paycheck I want cash flow so that’s what I mean by the rich don’t work for money you want cash flow that pays very little taxes and I can use lots of debt over here the average person who went to school their biggest liability to have is student loans of course yeah of course definitely I mean it’s horrible what they do to you guys today you have student loan which is the worst type of debt of all because you cannot declare bankruptcy on it then you get out you try and buy a house and you call it an asset when it’s really a liability why because the cash is Flowing that way your house costs you money everybody you rent a house still costs you money okay then you have to have a nice car I had one of those so the problem with most young people is they go to school to get that job then a lot of it has student loan debt then they try and get married and buy a house they have a car and then they have credit card debt but they never have the chance to come over here if they do any investing in America it’s a 401k which I wouldn’t touch with a 10-foot pole um you should but I don’t because I don’t have to because I went to school for here and people who don’t go to school should be here this is a 401k Ira ETFs and that’s the paper savings I don’t touch that stuff and we’ll go into that later on okay so when I say a rich don’t work for money I never want to be dependent on a paycheck either from an employer or the government I want to be a free human being my teacher was Dr R Buckminster Fuller and it says I don’t work for me I work for everyone and that was one of the biggest lessons I got from the military you know from the military was a very high spiritual intelligence that’s why your dad and I get along so well because when we went into combat which is a horrible experience of good and bad people anime and friends you know but when we climbed into our aircraft it was a crew of five we became one it is the best feeling as horrible as it is flying into combat because we might not come back but it was the highest feeling of all it was spiritual and I’m afraid it’s not just Millennials as human beings you know well you know is this good is this bad is this the best vitone shirt am I can I get at a better price or he’s cute or she’s cute you know I mean but is there somebody better right yeah I mean that’s exactly what’s going on so you guys are stuck in your head and I think you should get more into your spirit you know like saying what can I do for my health fellow human being yeah what can I do for the environment and I think the biggest Secret of My Success is I I have all you know we all had these we all have some degree of physical things we do yeah emotionally I’m a basket case a lot of the time you know I get upset I get angry I get sad I get my feelings hurt and I’m always this is good this is bad this is you know you watch politics it’s all good and bad it’s a bunch of BS but what keeps me going is this and it’s spiritual yeah is how can I serve others how can I serve the planet in my world I said I see people they chase shiny objects and what what a shiny object means is you know when you’re fishing you throw a lower this little shiny obstacles and the fish comes in where they jump in it’s what most people do Bitcoin today is a shiny object I’m not saying you can’t make a lot of money in it but most people are chasing shiny objects they want to make money they’re not building an asset here the thing the reason I don’t do it here this is the highest risk now this is what I know the higher the risk the more education it takes for example if I wanted to learn how I flew if I wanted to just fly my little Cessna 172 around the place not much risk in that but when I had to go to Vietnam to fly the risk went up I had to study harder become better work harder at it the reason most people stay in paper 401ks IRAs and chasing shiny objects like Bitcoin is because they don’t want to take the risk here they’re huge you’ve got to study that’s why I’ve ever studies education Rich dad’s coaching all of you guys are allowed to take courses and all this if you come here it takes no intelligence to be here it takes no intelligence to buy Bitcoin I mean I have four four Bitcoin no five Bitcoin it didn’t take you know I just I don’t have to do anything over here well I have to know a lot over here I’ve known a lot I have to study so if you want a shiny object like the stock market and all that you can make get rich there it’s really easy to get in here it’s really hard here and comments other questions does that make sense they’re chasing shiny objects so I do agree with you when you talk about Bitcoin being a shiny object that everybody’s chasing right and one of my favorite stories that you’ve told is about your Mentor Frank when he sent you to Peru so you could learn a valuable lesson about maybe something that wasn’t such a shiny object and turned in to be because shiny objects change every day so I wanted to learn about I didn’t have icos initial coin offerings I want to learn about eye peels initial public offering and it’s how you take a business and turn it into paper you turn it into stock so I wanted to say my friend Frank who was Hardcore here on how many companies he started taking public and I said Frank he didn’t know me from Adam I said I want to learn to do an IPO he goes yeah you and everybody else he said most guys don’t have it they don’t have the guts they don’t have the determination and they’re wimps I said I want to learn he says how bad this is up here in Scottsdale Arizona I said badly he says okay this is Wednesday Bia Lima Peru on Saturday I went on Saturday and we were shooting the our video for the Cash Flow game you know he says how bad do you want it I said badly he says I’ll you know you meet my president in Lima Frank never traveled you meet my president in Lima and I’ll find out how bad you want it so that was Wednesday Wednesday night I was on a plane to Lima Peru I had to pay full boat I paid my own way most employees can’t stand that because they don’t have any money I flew into Lima Peru I went to look at three gold mines and with Frank’s president it was an experience an education I’ve never had I would never have I didn’t show it up it cost me probably fifteen to twenty thousand dollars just for airfare on that thing I get back on Tuesday to talk to Frank and I said Frank there’s nothing there he says I could have told you that so why’d you send me oh the fan how badly you want to learn since most people don’t have it they want a job they want job secure they want a paycheck they want a 401k and that’s why they don’t get to come here that’s why they don’t get to come over here right or wrong you know I don’t ever want to be here I knew I know it’s your age I want to come here but the higher the risk the higher the returns but also the higher dedication education and study you have to go through so today and I’m making millions and millions I make more in a day than most people make in a lifetime but it was worth it did I lose sometimes yes but it was worth it you go to school here you take no risk that’s why my poor dad was poor he didn’t like to make mistakes the differences between what they’re teaching in school and what we at Rich Dad teach so this this is the very big difference like I said most School teachers are like my poor dad and this was actually this was Rich Dad Poor Dad what you’re seeing here is a financial statement You Know Rich Dad Porter has a book on accounting the most boring subject on planet Earth but book number two of Rich Dad was this one here and this was called the cash flow quadrant right you have e s B and I so test for you what does e stand for employee good and what the employees always say that they work for money but they want job security exactly paycheck and pension yes okay what does s stand for self-employed they’re small business owners yes doctors lawyers they work for tips they work for tips now so they’re self-employed and b stands for what big business owners so 500 employees or more yeah and I stands for what the investor investor it’s more than just investor it’s Insider you see this is like Shark Tank on the TV shows these guys here have done this and have done this so this was my poor dad this site this was Rich Dad here so the difference that’s what schools are not teaching you is what’s the difference between these people and these people that’s the big difference and that shows up so when I was about your age I had to make a decision did I want to as a pilot you know my most of my friends want to fly for the airlines but I’d be here or I could be a you know I could have a little I could be an Alaska flying fisherman around the place you know a private a pilot with a small plane and you know flying around the place or I could own an Airlines or I could invest in Airlines and that’s the difference in the mindsets and skill sets you don’t just make Crossings the education is extremely different on this side than on this side here the reason I wrote fake is because it’s about fake money yeah so that was 1971. Nixon took the dollar off the goals did it what else Nixon did in 7a4 he opened the door to China and today all the jobs left America another thing that that Nixon did he created the 401K fake pension so in the 1970s when I was about your age that’s when the world was changing so fake money fake teachers did the teachers ever tell us that no never and they still don’t yeah you know the teachers are such a waste of time you know I mean their education is important about what are they teaching you so it’s fake money fake teachers and fake assets so the reason about Rich Dad Poor Dad and I wrote this book Rich dad’s prophecy and fake they’re all saying the same thing is you know whether you went to college or not this one thing is guaranteed if we’re lucky we’re going to get old right yeah and I don’t know if you know but your father tells a story when he retired from the Navy how much was his pension his pension was probably 50 bucks a month 50 bucks a month and he was paying for my parents my grandparents health care costs right that wasn’t even enough for the plate that of plate of food that day yeah so for the Millennials you guys it’s even worse because you probably won’t have a pension yeah the ayakani on Social Security not at all and I think many people are so look look at this chart here this is social security it goes bust now it’s bust Medicare is bust one of the saddest things about America today is not only are we a biggest debtor nation in the world but when I was your age only 20 percent of our budget went to entitlements today in America it’s 75 percent we have all of these people saying the government should take care of me which leads to ALC and of Elizabeth Warren and ComEd Sanders they all want the government to take care of them just as we’re going bust so that’s why we created the Rich Dad company because it’ll give your give somebody like you a chance your generation’s toast I hate to say that this is worldwide pensions are broke all over the world we I was just in Romania talking to these young guys that said everybody stole all the money of our pensions and that was in Rich Dad and fake fake assets they steal your money through your money in your assets yeah it’s a horrible horrible thing yeah and we grew up with the sense of entitlement because that’s what we’ve been taught as of today and and what really frightens me is that people still talk about their pensions and soon our the parents people who have parents who have been depending on this pension are soon going to find out it’s not going to be there and so I mean what’s going to happen why why is it that no one’s talking about the fact that it’s underfunded by seven trillion dollars it’s actually 17 trillion 17 trillion but we’re all right at 77 trillion so this pension problem is the biggest problem that faces the world and the reason is our school system is complicit you know they’re in cahoots with the banks so that’s why I wrote Rich dad’s prophecy in 2002 it was about a thing called the 401K so again that started back in 1970 again with Nixon and all this stuff so when I was your age there was a thing called the three-legged stool and what they said was for my generation you would have savings you would have social security and you would have a pension a 401k or something guess what God your generation doesn’t have this even okay that’s the challenge so that’s why the rich daddy company was formed I said I wrote this in 2002 and I said the biggest crash was going to come in 2016. the reason it didn’t come because I started this book in 1999 I didn’t see quantitative easing I didn’t see all this printing money coming so if I was teaching a bunch of high school kids I said when you leave school here today the big question in your mind is what kind of income do I want for the rest of my life well I wanted passive and the average person because they have a job is working for earned income which is the highest tax you get tired working for that so when you look at again the Rich Dad financial statement here income expense assets and liabilities okay so earned income is this here that’s earned okay when you when you work for and then the problem with that income is tax then the if you’re working for a portfolio income you’re generally working for this you buy a stock for let’s say Apple for 10 bucks and it goes to 50 bucks and you sell it the trouble with that again is X but if you’re working for passive income but your mom and dad work for is this is passive income here okay as cash flow it’s also called so that’s what the cash flow board game pictured here so all I wanted was passive income so what I have today is I have about 7 000 rental properties I have hotels golf courses oil and all this but again it goes back to these three types of income earn portfolio and passive so if I was talking to a bunch of high school kids or even elementary school kids it’s not that hard yeah but I’m glad you asked the question because I think a lot of a lot of young people can think they’ll say well why am I in school I don’t know you know if you just want to work hard and pay taxes on earned income and flip real estate or flip houses then you’re working for portfolio yeah I don’t flip yeah that’s a very big difference I don’t like to buy low and sell High that’s flipping that’s called capital gains which is portfolio I invote for cash flow which is passive and I can turn cap I can turn capital gains into passive I mean it’s so it gets crazier and crazier and crazier from there on but I’m glad you asked the question Kim and I retired she was 37 and I was 47 10 years apart took us 10 years but all we did was get richer after that because we found our formula and our formula wasn’t go to school get a job or a card save money get out of debt and invest in the stock market that wasn’t our nothing wrong with that format it just wasn’t our formula what was your formula play Monopoly yeah four greenhouses red hotel and the McDonald’s formula of our you know as Ray Kroc said we found that McDonald’s McDonald’s is in the business of Real Estate and as and paying no taxes mm-hmm so that’s when so anyway when Tom and Kenny and the other advisors come here their job is going to twist your brain to see it differently does that make sense to you yeah it’s going to be a whole mind shift of what we’ve been taught and very non-traditional ways where sometimes when you think about not paying taxes or using debt it’s like what are you even talking about how right and that’s dangerous because you’ve been taught to pay taxes and get out of debt brainwashed yeah right so what’s what what I’m what I’m glad you’re starting on here as you bring in my advisors in remember advisors are my teachers then that’s just telling me what to do they’re not experts we work together we plan together right now Tom and IO and Kenny because Kenny is who I I invest through using debt and Tom would advise me on taxes so that my game I play is not be a good employee and work hard and pay taxes my game is to be a capitalist to have my money and Investments work hard for me so I can make millions and millions of dollars and pay no tax now that drives a lot of people crazy right and Rich Dad Poor Dad I said Savers are losers and guess what they are you know today it’s coming soon we’re going to have negative interest rates I don’t know how they can do that but if you deposit a hundred dollars in the bank when I was a kid I got 15 interest so I put a hundred dollars in the bank and a year later I got 115 dollars today you put a hundred dollars in the bank you’ve got to pay the bank fifteen dollars and and they’re printing it so the the value of the dollar is going down but the the price of keeping the bank keeps going up they charge you to keep your money in the bank tell me why would you save money so that’s why way back when 25 years ago the Savers are losers I also said your house is not an asset and then 2008 the market crash well it’s kind of crashing again because everybody’s going into real estate right now now the good news is that the people are moving out of the big cities like New York Chicago San Francisco Los Angeles and they’re moving into smaller towns well what that does in the smaller towns it drives the price of real estate up so again it pushes out the lower you know if you live in po do not you you’re a little dinky town you don’t make as much money as the guy’s moving in from Chicago and and I was up I was you know I own a piece of property up in northern Arizona and my friends in real estate there are just laughing they’re saying oh these guys from California come in you know a house I bought for a hundred thousand they’re paying me 400 000 for they’re all happy well for the Californian they sold a four million dollar house so they can fire it for a hundred thousand dollar property so that’s Market it’s all convoluted going all over the place and all this people are excited Kim just sold their mom’s house in Hilton Head South Carolina these people came out of New Jersey and there was a bidding war for the house so there’s all kinds of things going on in real estate today but it’ll eventually crash simply because the government is making it so expensive to build a house so one of the reasons my niche market with Kenny McElroy in real estate we only buy existing property because it costs too much to do you know the permits and fees and all that it costs so much to develop a piece of property so once again the Millennials get screwed because the price of property gets more expensive but you got less house tonight this is so screwed up but that’s what happens when the government steps in and they kick capitalists out and then the Socialists kick in but anyway that’s why Sabers are losers tonight be careful for those who are not paying attention in other words we’re about to go into What’s called the Wiley Coyote moment everybody’s running a lot of says oh don’t worry the fed’s got my back you know the economy is fine I love this guy Biden you know and where America is the greatest the economy is safe I was a and when people crash when this thing crashes and it’s coming soon it’s the people that are not prepared the people who are not watching this emergency podcast number three haven’t watched number two or number one are the ones you’re gonna have to be afraid of be very very afraid of those who are sound asleep at this moment because when they wake up they’re going to wonder what happened so I’ll just tell you a quick story I went to flight school you know to fly these things in Vietnam and they wanted to prepare us for the worst so how did they prepare you for the worst well they make it the worst so what they do is they take us out into the Gulf of Mexico off of Pensacola Beach they assimilate a parachute crashing into the ocean so it’s freezing weather I think the temperature was minus three degrees or something we hang out the back we drop into the water we gotta unhook then we paddle us through our little rubber ducks you know there’s like seven of us in a group and we go ashore into the swaps of Florida and our job is to survive so it’s a similar crashing in Vietnam or the jungles and then we had to figure out how to survive so everything is like a little boy scout camp the first day everybody’s happy you know we’re chugging along this is this is easy this is easy day two gets a little bit more serious then day three we’re hungry and this is what I’m talking about it took us till day three to turn into animals we went primal I I was ready to kill the guy next to me you know we just we’re a lot we’re starving to death we’re hungry these guys are chasing us with guns you know blanks of course but we’re running I’m I’m eating Palmetto I mean just ripping Palms apart trying to get a little piece of nourishment starving to death we finally shot a raccoon and there were seven men 25 year old men and one little raccoon and pretty soon we were growling we were just like a bunch of wolves and and I the side of me came out of me that terrified me is what happens when you go Primal after day three because you made it this far in a video I want to celebrate you most people start and don’t finish most people never actually follow through most people say they want something but they don’t ever do the work to actually get it but you’re different you are special believe Nation you made it here all the way to the end and I love you so it’s a special celebration if you put a hashtag believe down in the comments Below on this video I will showcase you and celebrate you somewhere on the screen in a future video because you are awesome to get some incredible Grant Cardone inspiration check the video right there next to me I think you’ll love it continue to believe and I’ll see you there I told my wife when I got with her I said look I’ll do anything for you except one thing I will not give up on that drain if I gotta surrender my dream I’d rather be alone because if I abandon my dream I’ll abandon you I truly believe that I see so many people man they give up their dream for the whiteWelcome to Big Money Investing – Your Ultimate Destination for In The Money Facts!
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