Being Rich #1

Right now for the middle class of the world we're in a crash it's gonna collapse You should be very worried rich don't work for money. Don't you touch that stuff? They have money working for them very big difference in mentality The game the bankers and the rich play is different than what they teach you in school All over the world what the school teach you about money and the answer is nothing and that's not a mistake You couldn't learn very much here. 

We've been here before Whereas schools don't teach us economic history So what happens to the average person in a financial crash? They don't know what to do And so if someone's listening to us that's stuck in that poor middle class trap and they hear it's their fear that ultimately is keeping them from that That's a hard thing to hear Robert But you're gonna give them the information about what they can do if they can get out of that fear you Don't know if something is an asset on liability Until you can say which way the cash flows. So a house, is that an asset a liability? Well, if it's taking money from your pocket, it's liability. And that's what the game is kind of hard wiring into your head Humanity is evolving and you got to ask yourself. What does God want done in the evolution of life? I don't think God wants people to be poor. I Think God wants evolution. He wants everybody to enjoy. Well, not just a rich So most of my thoughts in a daily basis, how can I serve more people? Not how much money can I make the more people I serve The more effective I become The world is changing inspiration is everywhere It has never been so easy to connect share and bring people together We're learning from others and finding the best in ourselves Challenging our beliefs Sharing our vulnerability overcoming our fears Transforming ourselves so we can transform the world How far can we go this is London real i'm brian rose my guest today I Was super excited to have robert kiyosaki back on london real for the third time now Robert, is the author of Rich Dad Poor Dad the number one selling personal finance book of all time and he was here to talk about his brand new book called fake and Robert is talking about fake money fake teachers and fake assets. He's also talking about the crash That's up-and-coming. And what's gonna happen to all of us if we're not aware of what's going to happen He went on to talk about how you can avoid paying taxes the implications of cryptocurrency This is an episode You don't want to miss but I was also super honored to participate with Robert in America's first weekly cash flow summit. It's a brand new way of making money and as a former Wall Street trader I was super excited to introduce this investment strategy to the public for the very first time now as the host of the event I'm able to offer you an exclusive space at the summit. 

But to secure your spot you must act now so click on the link below or go to London real geg forward slash cash flow and Secure your spot and I look forward to seeing you at the summit. Now I give you Robert Kiyosaki This is London real I am Brian rose My guest today is Robert Kiyosaki the entrepreneur educator investor. Best known is the author of Rich Dad Poor Dad the number one personal finance book of all time You have become a passionate and outspoken advocate for financial education by challenging the way tens of millions of people around the world Think about money your new book fake warns of the next financial crisis and what we can do to protect ourselves Robert Welcome back to London real well Brad. I'm honored and I'm really glad I see your office because this is amazing You like it here. I like it. It's fits my You know, it's so Eclectic, it's great. Thank you so much. You know last time we spoke I came out to Arizona. We sat down had an amazing conversation A lot of different things and it really blew up. I think over 10 million people ended up watching that Robert So there's some vibe I don't know if it's the two of us or people really getting into your heart in your mind that people really tune into And it's people of all ages. So I'm super excited, you know, thank you out here with you. Tell me about London What's your relationship like with this city? Do you like it here? It's not sunny like Arizona. What do you think? Well, I love London just for the history of it. You know, it's a seafaring nation and the school I went to was u.s Merchant Marine Academy at Kings Point New York and We learned how to sail ships and navigate the Seas so, you know the The Sun never sets on the English British Empire, right? And so that's my association.

 Plus I played rugby And I remember her coming to Twickenham for the Rugby World Cup. I think within Twenties seven eight eight whenever I went was And it was like my god. I'm here to play. You know, I'm here for rug because rugby started here in London in England yeah, so I was a lot of fun memories, uh not a good memory, but my first wife was English from Sorry, the only lasted nine months wasn't her fault was my fault. She should never have married a rugby player and I came back several times to play rugby here. So it's been no Those are my drinking and playing rugby and chasing beautiful women days. I loved it here So anyway, that's my association with England. Yeah. Well, welcome back. I mean you were a Merchant Marine spent a lot of time Yeah, you know all around the world doing that and I guess England really paved the way for a lot of that'sthat's seafaring tradition and protocols, right, correct? Eh, they ruled the oceans. You know, there was a British East India Company one of the most notorious Pirate company one of the first limiting companies right? Correct and the American flag Is a flag of the British is India company and most people don't know that so they said well in America They tell us that Betsy Ross sewed the flag All Betsy Ross, let's take the British. You see Andy a good flag She'll look it up and she put stars on it and that was the American flag. So The Sun still doesn't set on thee I'm gonna look that up. We were called the great pirates. Yeah, yeah yeah, you know, I'm really curious about you Robert because you know when I saw you in Arizona I wa you know I saw how you're living out there rich dead headquarters We spent time with Jim Rickards, and it was just an amazing time But I noticed that you don't have to travel the world and do all this teaching, you know You could retire but you still do and I'm wondering what pushes you to get out there and make these long trips I mean, even when I saw you in Arizona you were just coming back from Japan you were you know, struggling with with health But you were showing up and making it happen. Why? Well, the long answer short question is Being an entrepreneur I was in the rock and roll industry and Back into AVS. I started studying with a man named. Dr. R Buckminster Fuller best known for the geodesic dome so in 67 I hitchhiked from New York City to Montreal Canada to see Expo 67 and But buckminster fuller's dome was the u.s. Pavilion there so X X plus 67 was the World's Fair on the future and fuller was a futurist, but I didn't meet him there and then him back in 1981 I finally met him in Kirkwood, California on a Seminar called the future of business And so I studied with him 81 82 and 83 and every and and I was a hardcore make money entrepreneur and One day Fuller asked me says what's your life's purpose and I said make money And how did I know that was the wrong answer? and He scolded me, you know cuz here I'm in rock and roll and sex drugs rock and roll I don't do drugs, but I was trying for the rest And he goes it's a waste of a good mind just to make money and going What do you mean? you know, he says I Thought we were supposed to make money and he just challenged my Paradigm the way I looked at world in the business. He says And I covered this and faked and the question He asked me says why don't you do what God wants you to do. I went what he says look Humanity is evolving And again, ask yourself. What does God want done? Not not what Robert Kiyosaki wanted done What does God want done and he could have scolded me in front of the whole class. You know, I'm going I Said what's wrong with rock and roll he goes it's about you. It's your passion But it's not God's purpose and not really religious. I'm not pumping that So the question, you know I said to ask myself. What does God want done in the evolution of life and what I came to me I don't think God wants people to be poor and today in the world America especially is as gap between the rich and everybody else And I know the game of the rich You know my rich dad taught me, you know it cuz you're the banker the game the bankers and the rich play Is different than what they teach you in school And that's the story of Rich Dad Poor Dad, you know my poor dad PhD stands for poor helpless and desperate they don't know anything about money And he's teach they're teaching our kids and my rich dad was an entrepreneur who never finished school.

 I grew up in Hawaii so all of the pieces of the puzzle in went fuller scolding me back in 83 the Piece of the puzzle and my life started to come together And I understood what he was saying then you know, it says well maybe We should stop ripping people, huh? You know, it might be a good thing and You know a question I ask all over the world what the school teach you about money and the answer is nothing And that's not a mistake. That's not an accident. I knew that most people know that But the way to keep the poor the middle-class working hard is never teach them. What the rich know So if you read Rich, Dad Poor Dad, which came out in 1997? It's what the rich teach our kids about money the poor middle class do not And so and I'd already retired and I made enough money at 47 So I didn't have to work again for the rest of my life and I said now what do I do with the rest of my life and So that's when I I came out with Rich Dad Poor Dad the cash flow game because poverty Hurts. I mean, I don't like it And I don't like that our academic system. So corrupt, you know, we know the banking system is corrupt We know politics is corrupt but act but academics is just as corrupt so I just said well if Exactly. This fuller said what does God want done? not what I want done Martin Luther King said another way says King says I just want to do God's will so That's what I cover in faith.

\ What does God want done? You're giving me weird flashbacks here Robert because for 20 years of my life. I was in banking. Yeah trying to do What was good for Brian, right, but honestly, the last eight years has been London real and this is definitely what God wants done Yeah, and it's a computation. Yeah, but you won't they all never get this on CNBC Right because it doesn't play in with the whole structure that you talk about with Wall Street Right and the fact that it's corrupted our academic institution that kind of makes you mad, doesn't it? I mean one thing if it's the banking and the politics but this is where we send our children and we trust them to do the right things for them and yet they're being Not taught something so fundamental like you asked your dad when you were a kid dad. Oh, yeah Stratego about money and it was just never never have done never will So anyway because So that's why I keep going you know, that's why I appreciate you know your support of my work and time and all this because somebody You know without guys like you nobody hear about me, you know, I was on I was on CNN calling the crash of 2008 I said Lehman's going down. You can check it out I said to Wolf Blitzer Lehman's going down and he goes, huh? And he got all he got kind of flustered because they're not allowed to say stuff like that. Right and we had Jean Chatzky who represents Wall Street, you know though the mutual funds and 401k guys she goes so They don't want me to they don't want what we know out there So that's why fake us fake money fake teachers fake assets and The asset part, you know where that comes from. It's the City of London Wall Street the derivatives markets LTCM long-term capital amount with records and all of us that know I kind of getting out That's why I love gem records. I had dinner with him the other night That's why we're talking this is what's really going on but our school system Will never tell us that because they're part of the process Fake money fake teachers fake acids. 

They're all one scenario And that's what Bucky Fuller's kind of inspired me to do back in 83. He says, you know something What do you know share it? What does God want done? was Martin Luther King says I just want to do God's will so What drives me on in my health is not the best? but The will you know, the spirit keeps keeps me on hmm And you still publishing books you got another one on the way you're going from here to Poland Romania tip South Africa out of Japan - It's a powerful pace I want to get into what we talked about in face, but CNN never invited me back after that night And I can imagine I mean I was telling you earlier when I was in banking in London Lehman was one of my clients there were five traders over there that I got to know really well over five years personally And to suggest that Lehman would have gone bankrupt even six months earlier It's sacrosanct not to mention from a network that probably gets a lot of advertising to us from blah blah blah Yes, and then I watched it happen on a Sunday night I was telling you I got a call at home from one of the traders said are you coming into work? I said it's Sunday night You know I'm not and he said we're mounting down now we need you in because we have to We have to undo all of our transactions now and it was and I want they walked out with cardboard boxes Right, and that's because lemon didn't play ball with them on LTCM the Russian ruble deal Right and we gonna get into this so they so they banged Lehman because hey you broke the boys club code Did I ask you business? Yeah, and you talked about that in the fake assets and I want to fake money I Wanted to preface this whole interesting thing by quote that you've said once and I and you said the primary difference between a rich person and a poor person is how they manage fear and When most people hear that they would they would probably say but that's something completely different than money Robert that doesn't have anything to do You know with money You know, you have a lot of strong statements for you saved things like that. How do people normally react? Well, when I talk to most people, you know, they said look First of all, let's go back to what is financial education It's not get a job work hard save money and invest in a well-diversified portfolio stocks bonds mutual funds and ETFs that's not it you know money is the financial industry is two things debt and taxes debt and Taxes and that's where fake starts 1971 Nixon took the dollar off the gold standard and the US dollar became debt And we still tell kids to go to school get a job Work hard save money and get out of debt Now who tells them to do that. 

That's the most ridiculous thing There is the book starts and it says line number one Saving money will make you rich and never will you know that all taught that is kids. Yeah Because they can print it. Why would you save it? And why would you work for it if they can print it? as faster than you can work for it and And number two is they keep dropping the interest rates on it, you know, Japan still has syrup zero interest rate policy And the Japanese are the biggest savers in the world and I'm Japanese. I'm fourth generation They're not too bright, right? Why do you keep saving when they're printing it, you know and when I'm in Japan And that's what I mean by fear They're so afraid because the Japanese They're very good culture, but they do as you're told It's very conformist Very conformist America for so they just do us are told And then they just save money and their government the sky a bay abenomics it's just printing trillions of it and buying ETFs with it and And they don't know what to do and they've been doing this for 12 are afraid they're afraid Okay They're afraid they might make a mistake the good little students in school go to school get a job Don't make mistakes, right? And that's what's cool conditions people to do correct to not get mistakes Get an a on the test show up and do your homework But to be a great entrepreneur and investor and a great rich person you have to engineer Mistakes into your life. Well, I Write about it in fake, you know I mean the way I learned to be I flew from I didn't I Stopped selling for Standard Oil of California as a third mate for them and I went to fly for the US Marine Corps in Vietnam And the military education different than academic education.

 We're taught to make mistakes You know, so every day I'd fly and we had to wait to kill the engine on our aircraft and crash. It's called autorotation I used to fly our 22s and it's the scariest thing you've ever done but every aircraft we do we I was I was I Was cross-training all the aircraft.