Video Transcript

Welcome to Big Money Investing
Your Ultimate Destination for Learning From Big Money and How You Can Succeed Too!

Are you ready to take it to the next level?

Investing into sound investments like big money does. Subscribe to the Big Money Investing Channel

Hello, this is Robert Kiyosaki. I’m very be happy to talking to you and why I’m especially excited is because this is the most important thing you could do. There’s nothing more important today than investing in your entrepreneurial education, your financial education, because as you know, the world has changed so dramatically. And I’m just glad I had a rich dad who warned me that this time was coming. You see, the world because of America is going into a serious decline. You know that. I know that. And it’s it cannot be stopped. So the people that get wiped out are the people that are clinging to old ideas. The people that will do better are people that actually seek information, seek new teachers, seek new skills, and you will do well as independent business people rather than employees. Also want to thank MC Ken Sap and mention Richard and Veronica Tan of Success Reources. They’ve been my dear friends since 1996. So, it’s Richard and Veronica who first allowed me to tell the story of my rich dad and my poor dad. So, I’ll be talking to you today about what my rich dad taught me about business, about being an entrepreneur, and being an investor. And so, this is another friend of mine. You probably know him as President Trump, and I know a lot of people hate him. We’ve written two books together because we’re very concerned about education. you know, our schools have no financial education in schools. So whether you love him or hate him, he’s very much pro education. I know him. I know his family. I know his the people he works with, his business are fantastic people. So please don’t listen to everything you hear in the news or in the print and all this. You know, Trump does say some things that upset people. But my experience of him, he’s a very, very good band. My wife loves him. He’s a lot of fun. He’s very smart and he’s straightforward. So anyway, this was the second book, first book, second book I wrote with Donald Trump. It’s the mightest touch and it’s for people who want to be entrepreneurs. So getting back to uh my rich dad here, I’ll give you a few lessons. You may have if you’ve read Rich Dad Poor Dad, you’ve probably heard them before, but these are the basic lessons for those of you who want to be rich. And it goes to this. This is from Rich Dad Poor Dad. This is the thing of a financial statement. What you you don’t learn in school is income, expense, assets, liabilities. Now, this is the difference here. My poor dad, PhD, good man, went to Stanford at Northwestern University of Chicago. This was poor dad. All he wanted was a job and that’s he got get a good job and they also wanted to keep his expenses low. This is live. So my poor dad’s go to school, get a job, and then live below your means. That was his life. And that’s not the life I wanted. This was my rich dad here. And he says, “What the rich do is they acquire assets or they invest in assets.” And the trick with rich dad was he used liabilities here. So he he could use debt to buy his assets. And what happened to my poor dad? He would use debt to buy liabilities. Very, very big difference. That’s that small little distinction is the big difference. So the reason I’ve made millions and millions of dollars, I use debt to buy real estate. So I I today I have about 7,000 rental units and every every month 7,000 rental units put cash flow in my pocket. So I don’t need a job. So if I want to explain that again to you. So this was poor dad. And for those of you who want to be rich, you may want to get out of your mind the idea of go to school, get a job, and live below your means because you don’t get rich thinking that way. You want to be a person who acquires businesses. So I I own a number of businesses. I own a lot of real real estate. I have no no paper assets. I don’t own any stocks, bonds, mutual funds, or ETFs. Not not that I’m against them, I just don’t need to invest in them. And the next one are commodities. And commodities are gold, silver, oil, bitcoin. This is very important today because, as you know, the stock market is at all-time high. And the reason it’s all-time high is because the US government, the Fed and Wall Street, Federal Reserve Bank and Wall Street are printing trillions of dollars. So that’s why I’ve been buying gold since 1972. I bought my first gold coin in Hong Kong. It was a krugar, South African Krueger and I paid $50 for it. At the time I was flying off Vietnam, flying off of a place called Daang and I was looking for gold in Daang and stuff like this, but I didn’t get any. decided to go to Hong Kong, get my first gold coin in 1972, and I bought my first silver in 1964. So, the reason I’m a relatively rich man is because I never saved dollars. I don’t save US dollars. I save gold and silver and today Bitcoin. So, if you’re going to be a rich person, the secret to long-term wealth is found in the commodity section. So gold and silver and Bitcoin hold their value. So like I said back in 1972 when I was in Vietnam then went to Hong Kong to buy my first Krueger. That Krueger was about $50 US in 1972. Today it’s about $2,000 and I have thousands of them. I just don’t save dollars. I save gold, silver, and Bitcoin. This is where the rich get richer. And this is where the poor middle class get poor because they make a lot of money here. And their largest single expense are taxes. So you have a job and your money goes straight to the government. If I’m if I’m acquiring assets, I bypass taxes legally. So, those are some of the simple reasons why the rich are getting richer. What this is my my uh my rich dad and my poor dad. And you look at this here. Debt made debt made my rich dad richer and debt made my poor dad poor because my poor dad bought a house. So, very simply, that’s it. I mean, you don’t have to know much more than that. So if a picture’s worth a thousand words, let me show you this picture here. So this is the picture here. This was rich dad. He really valued his financial statement. And this here is a financial statement. And this is what poor dad valued. He valued his college degree, his PhD. And the reason poor dad was poor was very simply because this is what he thought was important, this, and this is what rich dad thought was important here. So the uh second book in the rich dad series was this book here the cash flow quadrant. So rich dad poor dad was number one. Rich dad poor dad was about this and this is the cash flow quadrant. Many even read it. It’s a very important book. But the four these are the four different people that make up the world of business. This is the quadrant. E stands for employee. That was my poor dad. S stands for specialist or small business owner. You know, somebody who like your plumber or electrician or a doctor or lawyer. But this is where rich dad hung out at. So again, poor dad thought this was important. My mom thought this was important. My mom wanted me to be a doctor, a specialist, but you have to be smart. And I’m not very smart, so she says, “I can’t be a doctor.” So I came over here, and this here is Rich Dad. These guys always use the same words. You know, they’ll always say, “I need a I need a college degree. I’m looking for a highpaying safe secure job. These are the people that are being wiped out today. Jobs are lo lost and lost and lost. So are these guys here. The ripple effects, you know, it’s like one guy loses his job. It affects his family, affects businesses, affects everybody. You got to learn to be over here. You got to learn to be an entrepreneur and an investor because that’s the secret to success today. not job security and not being a doctor or lawyer. There there’s another reason this word here taxes. These are E’s and S’s. They pay the highest taxes. So the this this guy over here the poor person they in America and it’s true most of the world they’ll pay about 40% in taxes. In America these people pay 60% in taxes and in America and the rest of the world these guys pay 0% I mean excuse me 20% and the investors can pay 0% taxes legally. So, this is all part of your financial education because education is what makes you richer, not money. You’re not making a lot of money because there’s a lot of people make a lot of money here, but it just goes out this way. That’s silly. That’s really, really silly. So, the object is to make a lot of money here and keep the money coming back here and that’s how you get richer. But if you make a lot of money here, again, you just pay higher taxes because that’s that’s what traps the people on the E and the S. But that’s big part of your financial education is you’ve got to know that this here is more important than a job. And the thing I like about this, you know, I’m an old man now, but I’ve been collecting gold and silver and Bitcoin for years. It doesn’t take any intelligence. It just takes discipline. So sometimes I’d buy one coin, sometimes I went out buying more, but that’s what made me rich. On top of that, I have businesses. And the way I really made the most money was in real estate. The reason I like real estate is I can use debt to buy real estate. I don’t have to have money. That’s the difference. And the more this real estate puts money in my pocket, the less tax I pay. That’s the game. So my real estate, the 7,000 rental units make money here. But because the tax law and accounting rules, I don’t have to pay the taxes legally. And you can do the same thing. Just have to have a good accountant and a good tax attorney, you’ll do very, very well. [Music] Most so-called financial gurus are just talking their book. They’re not teaching, they’re selling. When I say I buy gold and silver, I’m not selling you coins. I’m showing you what to do to survive a broken system. And make no mistake, the system is broken. America debt is over 37 trillion. The dollar is down 10%, gold is up 34%, silver is up 42%, and the S&P is only up about 10%. Which one do you trust? I do not trust the dollar. I do not trust Wall Street. I trust real assets I can hold in my hand. That is why you should get the Rich Dad Wealth Defense Guide from Priority Gold. This guide shows you the three easy steps to move part of your 401k and IRA into physical gold and silver legally, tax-free, penalty-free. Call Priority Gold right now at 86673985. Ask for your copy of the 2025 Rich Dad Wealth Defense Guide or text guide to 24999. No pressure, just real answers. I’ll say it again. Call 866739895 or text the word guide to 24999 right now. I buy gold and silver. I rarely sell. This is not a pitch. This is the truth. The only question is will you act? Welcome back, Robert Kiyosaki. So what so one more very important lesson is this is Every human being every for every human being has four intelligences. One is mental. I was never very good there. Another is emotional. You know, one of the reasons people are not successful is because of fear. You know, our schools teach you don’t make mistakes. It’s the fear of failing. To be a new tycoon, you’ve got to overcome that fear of failing and do that smartly. So, emotions are important. So is joy. You know, happiness is also an emotion. And sometimes people make stupid mistakes when they’re really really happy. The other other uh type of education or intelligence is physical. You know, like if you if you’re learning to play golf, golf is mental, emotional, and physical. Like you can’t learn to play golf if you’re not good physically. So you got to improve that intelligence. And the last intelligence, which is the most important, is spiritual intelligence. And that’s what keeps you going to overcome any doubts you have about yourself and all this. So there’s a thing called self-esteem. And if you’re going to be successful as an entrepreneur, your self-esteem has got to get stronger. It’s your self-perception. That’s what’s going on inside of you gets stronger, then your success goes up. But money alone, just making more money doesn’t necessarily make you more successful. So the more you focus on getting these intelligences stronger, you become more successful. And that’s a long way of saying, and that’s why my wife and I, Kim, created this board game here, the cash flow board game, because the board game, it’s not just mental. The board game involves mental, emotional, physical, and spiritual. And the great thing about the board game is you don’t you can play with play money. And the reason many people are not successful, their fear of losing money is so high they can’t think. Like this does all of their thinking. And what happens is when you get really emotional, you freeze up. So the purpose of the cash flow board game is to give your phys your spiritual strength time to get stronger. So you get stronger physically, mentally, emotionally, and mentally. But that’s what you’re learning about right now. One of the reasons my poor dad was not successful is he couldn’t control this here. He was so afraid of failing. He was so afraid of not having a paycheck. He was so afraid of it. And so that’s why he stayed an employee. So the reason my poor dad got stuck and he got stuck here and he got stuck here was because he was really smart mentally. He was good in school but his emotional intelligence was very low which froze him here and he didn’t have the courage to leave this place and come here. Your job is to get emotionally more intelligent. We all have fears. We all have doubts. We all get depressed. But you your intelligence will overcome that. You have to have the know the language of money. Know what finance is, business and all this. You have to learn how to sell, how to talk to other people. As if you can’t sell, there’s no income. But most important is your spiritual intelligence. Is how do you fall down and stand back up? When you fail, you fall down. If you don’t stand up, this you don’t get smarter here. But if you have the strength to stand back up, you get smarter here. So that’s the reason my wife and I started the cash flow board game was very simply so you could engage all four intelligences. Well, let me show you where that works out to. So this is kind of the game board here inside the game, but this here is your financial statement. And what the game is teaching you to do to is to focus here in assets because this is the most important thing. This here’s your statement of cash flow. This inc balance sheet. So this is all financial literacy and most school teachers are not financially literate. They don’t have one of these. So if you’re going to be an entrepreneur, you have to have one of these. If you’re an employee, you don’t need these things. So that’s why I know some of you don’t like the guy, but President Trump and I why we join forces is, you know, to be successful in life, you need all four intelligences. You know, he takes so people hate the guy. They really hate him. And I know him as a good man. He gets accused of everything. But if he’s not really strong here, he could never be president. So, I’m not saying you should be president of the United States and all that, but if you’re going to be successful in that life, you know, every day as you get older and work and learn and all this, you want to get you want to get more successful and more intelligent physically, mentally, emotionally, and spiritually. Like a lot of people my age today, all they had was a job and they play it too safe. Now, they have no money. they’re they’re already you know they they have to retire but there’s no money to retire on is because emotionally they played it too safe they’re afraid of failing and they were afraid of losing money that it’s not good mental intelligence here so please remember this it’s all four intelligence is required to be successful today and the spiritual intelligence is the most important because when you fail spiritual intelligence gets you to stand back up again. And so part of your four intelligences, a lot of times I like to use pictures because pictures involve your right brain. You know, a picture’s worth a thousand words. So take a look at this picture over here. One of the reasons why school teachers are not rich is they only teach you to see one side of a coin. They said either you’re right, I’m right, you’re wrong, and I’m right, you’re wrong. If you’re going to be intelligent, you have to see both sides of a coin because all coins have three sides. One side is heads, other side is tails, but intelligence is standing on the edge of the coin and looking at both sides. So, there’s a lot of people that really hate Trump, but they don’t see the good things he’s he’s done. I’m not I’m not pitching Trump. I’m just telling they’re so blinded because they hate him so much. Or a lot of people are so afraid that they can’t see there’s millions and millions and millions of dollars and opportunities in front of you. All they see, oh the economy is bad. Oh, the economy is bad. But the other side of the coin, the economy could be great. So the real test of the four intelligences is not whether you’re right or you’re wrong. the the real test is can you stand on the edge of the coin and then see both sides. So you know right now uh the economy looks really bad for millions of people but on the other side of the coin the economy is really good but also you can stand on the edge and see where the economy is bad but sometime where it’s bad it’s the opportunity like right now I’m making more money than ever before because people want financial education. Okay. Now, if the economy is bad for you, then all you have to do is engage our intelligences and see the other side. That’s one of the most important things. The reason my poor dad was poor was because he had his PhD. And you know, in school, you have to be right and everybody else is wrong. That’s what PhDs do. If you’re going to be an entrepreneur, it’s best you see both sides both sides of the coin. Your opportunity is found in darkness. You know, if everybody’s doing it, I don’t know if you want to do it. Like, you know, Apple is one of the biggest stocks. I should have bought Apple years ago or Amazon, but I didn’t. But there’s still more opportunities ever before because I can create my own opportunity. I can create my own assets. So those are some of the things I’d like to have you understand here is don’t get stuck in the right, wrong, and all this. You have four intelligences, but the most important intelligence is to stand on the edge and see both sides. So the next time somebody tells you you’re wrong, just know they’re saying they’re right. And your challenge is to know why what they think is wrong is your right. You’ve really got to see all three sides and all three sides require all four intelligences. One more thing about intelligences, these are markets here. You know, there’s an old saying as an investor in the eye quadrant is that the bull goes up the stairs and the bear goes out the window. So what happened is up until 2020 the world economy was doing really well. Then at 2020 the bear and the market crashed. Again going back to these four intelligences. What you want to see is in the crash is the crash good or bad? Well the the facts are crashes are good and bad. There’s actually more opportunities in the crash. This is what’s happening to the world economy. But in my reality is I’m going to make more money on this side. I see more opportunity although these people here see nothing. So those are very very important points about being an entrepreneur. Remember, bulls go up the stairs and bears go out the window. We’re going out the window. If the US is in depression, some of these people will be really big losers and these people will be big winners, but it’s the same depression. And you as part of new entrepreneur, you have this choice. Do you want to see this oppression as the worst thing that happens to you or the best thing that happens to you? So that’s why I always just say it and I say it again because I’m into education, not the garbage, not the kind of education these guys study. These guys only know this. They’re very smart people. My poor dad was very very smart. But he was terrified. He was so afraid of losing that he didn’t he was frozen here. He was paralyzed here because he didn’t have this here. So the problem with most people who go to school, they’re very successful here. This is all they got. But what my rich dad had, he had his financial statements and he knew if he was doing good or bad, right or wrong. So once again, let me say this here. The bull goes up the stairs. We’ve been going up the stairs since 1971. We’re going into the biggest crash in world history. And you are in the best place you can be because when this comes down, there’s more opportunity here than here. Let me say it again. There’s more opportunity here than up here. But you have got to prepare your mind, your emotions, your physical, your spiritual intelligences to take advantage of the whole thing. [Music] Let me talk to you to about one more book that I came out with a while ago. It’s called Fake Fake Money, Fake Teachers, Fake Assets. And the reason the world’s in trouble is because we have fake money, fake teachers, and fake assets. You know, when the stock market crashes, there’s a lot of guys going to say, “I wish I wasn’t in it.” But for the entrepreneur, it’s really a good time. But I think the most important lesson here is this. Here in English it’s called this is David. This is Goliath. This is the big corporation. This is the small entrepreneur the small entrepreneur can beat the big guy with this here. This little slingshot this is going to prepare you for the future because these guys are going to fall because this here this little thing is what you’re gaining today. It’s called knowledge. It’s calling it’s called information is preparing not to have the right answers but to have the strength and during the crisis to get stronger mentally, emotionally, spiritually and physically. So every time you fall down, stand back up. Ask yourself, what did I need to learn? Because that’s what these guys don’t they fall down, they stay down. But you have a better opportunity now as a little guy with knowledge. And this little slingshot is knowledge. So before I close, I want to talk to you about failure because I have failed many times. You know, I started first nylon and velcro surf business. It failed. I was in the rock and roll business. I wor with Duran Duran, police, Van Halen, Boy George. Made a lot of money and also failed. But each time I was getting smarter and stronger on all four intelligences. So I’ll leave you a story about where I learned about this here. See the cash flow game engages all four intelligences when I was flying. Hate to say that in Vietnam I went down. I went down three times. I crashed three times. I wasn’t shot down. It was just my engines kept quitting. So, one of the great things about being a pilot in the US Marine Corps was they trained you this way, this way, this way. So, I’ll tell you a story, true story, is one day we were flying a strike into a place called Quang Tree and we were losing the war. America was losing and the North Vietnamese were coming down. None of us wanted to be the last guys to die. So, I was on an aircraft carrier and I’m a gunship pilot. So, the four gunships lift off first, followed by the transport pilots carrying all the troops in it. So, as I’m flying, so here’s this my little aircraft carrier. Vietnam is 27 miles away. We’re signing this carrier and I’m flying what’s called the racetrack pattern off while the while the troops are troop transport helicopters are coming up ready to go into Quang Tree and I’m sitting up there twisting around and all of a sudden I look down at my gauges and at flight school in Florida where I went to flight school they trained us very well. When I saw this one gauge on my thing flicker, I knew my engine was going to quit. And I had no warning. So I’m up at 1500 ft. So as soon as the engine quit, it goes boom. So let me ask this question. Here I am, a gunship, two pilots, two gunners, and a crew chief. Five. We have ammunition, rockets, and machine guns. The aircraft went like this. And because they trained us, when failure hits, this all comes in mental, emotional, physical, spiritual. The aircraft engine quit and it goes, it drops like a rock. Now, the thing most people do if they’re emotionally not strong, they want to pull back. So, what kills most pilots is when the engine quits, they pull back. It’s the worst thing you can do. We were trained and the engine quits. We we push the power down and we push the nose of the aircraft forward. Power off, nose forward. So at 1500 ft, instead of going like this and falling backwards, the aircraft went like this. And we had to stare at what we call the eyes of death. So I’m flying down. I’m seeing the water coming up at us at high speed. I’m going, “Holy mackerel.” And I think, you know, we could die in a in in less than a minute. The aircraft is falling. And immediately I I go on the air and I call the I call the aircraft car. Mayday, mayday, mayday. Echo whiskey 96. Engine failure going in. Mayday, mayday, mayday. Meanwhile, the crew operating in precision. Doors are coming off. Machine guns are going out. Rockets are going out. We’re lightening up the aircraft for the crash. All the doors are open and the aircraft is going straight down. But I had practiced this day after day. Every day in flight school, we practiced this. Every day in advanced gun schools, we practice this. Now in Vietnam, it was a real thing. We’re going down. We’re going to die today if I hadn’t practiced this. The aircraft’s coming up. Water’s coming. Aircraft’s going down. Water’s coming up. And I go, it just went silent. Everything went really quiet. And I felt like I just kind of went into kind of left my body. I said, “What happened?” And the aircraft is going down and s there’s no sound. It’s just an aircraft falling. And we can see the water coming up and we’re going to And there wasn’t any fear. It was just quiet. And at the very last second, just before we hit the water, as they train you in flight schools, you rock your nose forward like this. The air the aircraft’s going like this straight and goes like this. And now we’re flying straight along the water like this. There’s no engine. It’s just silent. It’s just spiritual. just quiet and we keep flying along, flying above the water, no engine, blades are turning. And just as we were trained, just like you’re being trained to think like an entrepreneur today, the last minute as as the aircraft start running out of speed, only then do I roll the I pull back on my stick. So the nose of the aircraft goes like this. And at that point, I pull the power like this. The aircraft goes and sinks silently into the water. Training, practice, training, practice. All four intelligence. Aircraft sinks. Aircraft rolls to the right. The blade hits the water. I can see it just hit and the thing goes, I don’t know what happened, but something happened. It tore the transmission of the aircraft off. The aircraft went upside down and we got out. So I count one crew chief, second gunner, third gunner up, and then where’s my co-pilot? And my co-pilot was on to my right. And at the last second he pops up and we said I never I was never so happy to see anybody my whole life because of all the training of our education of our practice. All five of us got out of the aircraft and were rescued four hours later. So when I talk about these four intelligences, there’s they’re important to be a pilot, they’re important to be an entrepreneur, but they’re important to anybody who’s going to be successful in life. And so real education, so real education is not this real education is knowing your financial statement and getting control of all four intelligences. And you all have four intelligences. If you will take the time from today on to keep strengthening your mental, emotional, physical, and spiritual intelligence, you’ll do very, very well in life. But if you’re like most people, you quit when it gets tiring. You don’t want to go to you don’t you don’t want to do it anymore. Your spirit dies too. So mentally, you get weaker. So once again, these people are getting crushed. employees are losing their job, you know, small businesses are going out, but these are the people that will do very well. That’s you. You’re in the right place at the right time studying with the right people. So, the final word is this. Remember, when it comes to intelligences, all coins have three sides. There’s nothing right or wrong. All things are right and all things are wrong. as his economy worsens, just know this will be your biggest opportunity here. I’m very, very pro- education. Just like my friend Donald Trump, now President Trump, we’re very, very much in favor of entrepreneurial and financial education. So, thank you. Congratulations. It’s a great world, but it’s going to be an interesting time for the next 10 years. Make it a good one. Thank you very much. This podcast is a presentation of Rich Dad Media Network.

Welcome to Big Money Investing – Your Ultimate Destination for In The Money Facts!

🌴 Discover the Big Money Investing Strategies on Metals and Real Estate Investing. 🌊

Experience the world of finance with Big Money Investing. We bring you the latest and greatest from Big Money Investors, showcasing the whys, how-to’s, and best practices. Whether you’re planning a short—or long-term investment, preparing is the first and most important step. The Big Money Investing channel is a great go-to investment advice source

🔥 What You Can Expect:

• Exclusive Financial and Big Money Investing How-To’s
• Big Money Financial Traits: Learn how to mix and match your perfect investment portfolio to match the planned-out time horizons.
• Financial Learning Is A Lifestyle Change: Stay financially fabulous with our expert investing tips, real estate practices, and healthy lifestyle advice.
• Behind-the-Scenes: Get a sneak peek into how the Big Money Investors spend some of that return, from photoshoots to interviews with the experts.

👙 Why Subscribe to Big Money Investing?

• Stay Updated: Be the first to know about new investment ideas and most importantly what not to be part of in today’s age.
• Inspired Goals Lend Motivation: Get inspired by our Big Money Investors’ vibrant and diverse lifestyles, a perfect view at times.
• Engaging Community: Join a community of financial enthusiasts and wealth producers who love to share their passion for life with others.

🔔 Subscribe Now: Hit the subscribe button and turn on notifications so you never miss an update from Big Money Investing. Join us on this fabulous journey and transform your financial situation with the latest trends and tips from Big Money Investing. Thank you for being a part of our amazing community.

🔗 Subscribe here!

#BigMoneyInvesting #big #money #investing #lifestyle #investors

Support Big Money Investing Sponsors

Leave a comment on this content and future topics you would like us to cover on Big Money Investing!