Robert Kiyosaki Calls into the PBD Podcast | EP 24

Nov 11, 2020

Robert Kiyosaki, renowned author of "Rich Dad Poor Dad," calls in to share his sharp insights on the intersection of politics and economics. He expresses his concerns about the rise of socialism and the importance of financial education in today's landscape. The discussion takes a dive into the role of the education system in shaping financial literacy and critiques traditional saving strategies. Kiyosaki emphasizes innovative investment approaches and the necessity of adapting to a changing economy, urging listeners to take personal accountability in their financial journeys.

01:58:23

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ANECDOTE

Vaccine Decision for Father

Patrick Bet-David will rely on his doctor's advice regarding the vaccine for his elderly father.
He trusts the doctor's assessment due to their long-standing relationship and knowledge of his father's history.

insights

INSIGHT

Market Reactions to Vaccine News

Stock markets react strongly to news like Pfizer's vaccine announcement, causing shifts in company valuations.
Companies like Zoom, Peloton, and Netflix saw declines, while AMC, Cinemark, and travel-related stocks surged.

insights

INSIGHT

Potential Supreme Court Involvement

According to a constitutional attorney, the election outcome might be decided in the Supreme Court.
Disputed mail-in ballots could be removed, or the entire election might be deemed invalid due to voter fraud.

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Political Chaos and Vaccine Insights

01:31 • 12min

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Election Validity and Media Influence

13:11 • 12min

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Market Reactions to Vaccine News

25:14 • 7min

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Navigating the New Political Landscape

32:41 • 10min

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Engaging Political Commentary and Audience Interaction

42:42 • 2min

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Trump's Political Comeback and Election Integrity

44:21 • 8min

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Political Turmoil and Community Struggles in Armenia

52:42 • 21min

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Discussion on Armenian Community and Introducing Robert Kiyosaki

01:13:16 • 2min

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Politics, Economics, and the Shifting Landscape

01:14:55 • 12min

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Financial Education and Real Estate Strategies

01:26:41 • 6min

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Trump and the Battle for Free Speech

01:32:12 • 4min

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Wealth Preservation in a Changing Economy

01:35:51 • 15min

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Global Reactions to Biden's Election

01:50:49 • 4min

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Embracing Change and Authenticity in Content

01:54:37 • 4min

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Rich Dad Poor Dad

What the Rich Teach Their Kids about Money - That the Poor and the Middle Class Do Not

C.P.A. Sharon L. Lechter

Robert Kiyosaki

The book tells the story of Robert Kiyosaki's two fathers: his 'poor dad,' a highly educated but fiscally poor man, and his 'rich dad,' the father of his best friend who was a successful entrepreneur. It emphasizes the importance of financial education, distinguishing between assets and liabilities, and building wealth through investing in assets such as real estate and businesses. Kiyosaki argues that a good education and a secure job are not guarantees for financial success and provides practical lessons on how to make money work for you rather than working for money.

Brave New World

Aldous Huxley

Written in 1931 and published in 1932, 'Brave New World' is a dystopian novel set in a futuristic World State where humans are bred in vitro and predestined into a rigid social hierarchy. The novel explores themes of technological advancement, social conditioning, and the loss of individuality and freedom. The story revolves around characters such as Bernard Marx, an Alpha who questions the society, Mustapha Mond, the World Controller, and John, a 'Savage' from a reservation who introduces elements of emotion and individuality into the highly controlled World State. The novel critiques the optimism of technological progress and its potential to create a society that values stability and happiness over humanity and freedom.

The Communist Manifesto

Published in 1957, 'Atlas Shrugged' is Ayn Rand's magnum opus and her longest novel. The story is set in a dystopian United States where increasingly burdensome laws and regulations strangle innovation and productivity. The plot follows Dagny Taggart, a railroad executive, and Hank Rearden, a steel magnate, as they struggle against 'looters' who exploit their work. A mysterious figure named John Galt leads a strike of productive individuals, persuading them to abandon their companies and disappear. The novel culminates with Galt's three-hour radio speech explaining his philosophy of Objectivism, which emphasizes rational self-interest, individual rights, and the importance of the human mind. The book explores themes of capitalism, property rights, and the failures of governmental coercion, presenting a provocative vision of a society in collapse and the potential for a new capitalist society based on Galt's principles.

Nineteen Eighty-Four

George Orwell

Published in 1949, 'Nineteen Eighty-Four' is a cautionary tale set in a future where the world is divided into three totalitarian super-states: Oceania, Eurasia, and Eastasia. The novel follows Winston Smith, a minor functionary in the Ministry of Truth in Oceania, who begins to question the all-pervasive authority of the Party and its leader, Big Brother. Winston's rebellion, fueled by his forbidden love affair with Julia and his interest in the mysterious Brotherhood, ultimately leads to his capture and brutal reeducation by the Thought Police. The novel explores themes of mass surveillance, censorship, and the manipulation of truth, serving as a powerful warning about the dangers of unaccountable governments and the erosion of individual freedom and dignity.

The cashflow quadrant

Robert T. Kiyosaki

In 'Rich Dad's Cashflow Quadrant,' Robert T. Kiyosaki explains the four types of people when it comes to money: Employees (E), Self-employed (S), Business owners (B), and Investors (I). The book emphasizes that financial freedom is more likely achieved by moving from the left side of the quadrant (E and S) to the right side (B and I), where money works for you rather than the other way around. Kiyosaki argues that traditional education often fails to teach financial literacy, leading many to work hard for money instead of making money work for them. The book provides insights into the skills and mindsets required to succeed in the B and I quadrants, which are key to achieving true financial freedom.

In this Episode, Patrick Bet-David sits down with Tom Zenner and Adam Sosnick to discuss Pfizer's vaccine efficacy, McDonald's new McPlant Burger, Cannabis Stocks on the rise, the job market, and much more... Plus a phone call from Robert Kiyosaki1

The Patrick Bet-David Show Podcast Episode 24. Download the podcasts on all your favorite platforms https://bit.ly/3kF7BT1

Text: PODCAST to 310.340.1132 to get added to the distribution list

The Bet-David Podcast is a podcast that discusses, current events, trending topics, and politics as they relate to life and business. Stay tuned for new episodes and guest appearances.

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Follow the guests in this episode:

Adam Sosnick: https://bit.ly/2PqllTj

To reach the Valuetainment team you can email: info@valuetainment.com

About the host:

Patrick is a successful startup entrepreneur, CEO of PHP Agency, Inc., emerging author, and Creator of Valuetainment on Youtube. As a natural critical thinker, Patrick takes complex leadership, management, and entrepreneurial ideas and converts them into simple life lessons for today and tomorrow’s entrepreneurs.

Patrick is passionate about shaping the next generation of leaders by teaching thought-provoking perspectives on entrepreneurship and disrupting the traditional approach to a career.

0:00 - Start

4:12 - Pfizer Covid-19 Vaccine

13:59 - Election message from a Constitutional lawyer

25:56 - Stock performances after hearing vaccine news

33:07 - Changes under a Biden administration

36:40 - First look at Biden's Presidential Cabinet

54:22 - Situation in Armenia

1:14:45 - Call with Robert Kiyosaki

1:50:53 - Global Leaders around the world and their acceptance of Biden as President Elect

1:55:01 - Pat's message to Valuetainers

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