Fri, 10 March 2017
#126: Robert Kiyosaki is our guest today. He’s the #1 Selling Personal Finance Author Of All-Time. He’s authored numerous titles, including the mega-popular “Rich Dad, Poor Dad”.
He leads the Rich Dad Company, whose mission is “Elevating the financial well-being of all humanity.”
Don’t work for money. Let your assets produce money for you.
Kiyosaki’s enduring mantras include: The Rich Don’t Work For Money | Your House Is Not An Asset | Don’t Live Below Your Means, Expand Your Means | Savers Are Losers, Debtors Are Winners and countless other influential quotes and statements.
Keith hosts today’s show from Anchorage, Alaska.
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Listen to this week’s show and learn:
02:12 The power of the book “Rich Dad, Poor Dad”.
04:23 Robert Kiyosaki interview begins.
05:12 Kiyosaki: Our school system is corrupt.
07:36 The Communist Manifesto (1848) by Karl Marx and Friedrich Engels.
10:16 If you own enough production, you won’t work for money.
11:16 Dying capitalism in the United States.
13:05 “Don’t live below your means. Expand your means.”
15:25 Kiyosaki adds 300-400 properties to his portfolio annually.
16:39 “Printing money on demand.”
18:17 Oil prices.
21:21 You Are The President Of Your Own Life.
24:28 Before buying real estate, consider the amount of debt you can get. Net Operating Income. Consumer Debt vs. Investor Debt.
26:44 20th Anniversary Edition of Rich Dad, Poor Dad.
29:18 The rich, middle class, poor. Concern about a crash. Debt and taxes.
30:32 What can the everyday person do?
31:04 Kiyosaki: We’re going into a depression.
34:45 Weinhold on debt.
36:10 Eight old rules of wealth. It’s faulty financial programming.
39:35 Ripping 401(k)s.
41:16 Telling yourself the truth.
41:53 Donald J. Trump. Keith gives a political opinion.