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Rich Dad Wisdom with Robert Kiyosaki (WiM033)

Jul 26, 2021

01:33:02

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ANECDOTE

Kiyosaki's Childhood Divide

Robert Kiyosaki grew up divided by a street separating rich white kids and poor Asian kids in Hawaii.
His "rich dad" was a construction company owner who taught him about entrepreneurship and money starting at age ten.

insights

INSIGHT

Question Invites Thinking

Saying "I can't afford it" shuts down thinking while "How can I afford it?" invites inquiry.
Markets and entrepreneurs thrive through questioning, not government decrees.

insights

INSIGHT

Capitalist vs Bureaucratic Mentality

Rich dad focused on learning, experience, and making money work for him.
Poor dad chased job security, salary, and working for money like most people.

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The Number One Personal Finance Book of All Time

01:44 • 5min

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The Divided Line Between Rich and Poor

07:11 • 4min

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Rich Dad, Job Security

11:12 • 3min

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The Trade Off Between Security and Freedom, Right?

14:13 • 2min

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You're Not a Real Estate Guy, but You've Done It Right, You Know?

16:20 • 3min

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The Rich Dad Strategy

19:07 • 4min

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The Rich and the Middle Class Acquire Assets

22:42 • 3min

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How to Fit Gold, Silver, Bit Coin Into That Framework?

25:47 • 2min

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Is It Cannot Stopo It Accelerates?

27:27 • 2min

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All Animals Are Equal

29:01 • 3min

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Bitcoin Is the Hardest Property to Confiscate

32:02 • 5min

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Is the State Controlling the Supply Chain?

37:02 • 2min

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Do You Have a Mentality of Resistance Toward State Control?

38:55 • 4min

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The Biggest Problem Is Education

Educators Should Be Exploring Imagination Over Knowledge

47:43 • 5min

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Is It a Capitalist or a Bureacrat?

52:23 • 2min

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The Cash Flow Game Is Like Going to the Gem for Your Brain

54:25 • 3min

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I Don't Like Paying Taxes

The Intelligent Management of Debt

01:02:55 • 2min

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Making Mistakes Is Part of Success

01:05:16 • 2min

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Is He a Depreciating Asset?

01:07:11 • 5min

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Iket, You Don't Have to Be Right About Anything.

01:12:12 • 2min

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The City of the Bar Nam

01:14:24 • 3min

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The Female Conception of a Better Man

01:17:13 • 2min

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The Power of Money in the World

01:19:21 • 4min

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The Avoidance of Money Is Just as Psychotic as Being Attached to Money

01:23:13 • 4min

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The Hardest Walk Is an Hundred Yards

01:27:05 • 2min

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The Biggest Mistake in the World

01:29:12 • 2min

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You Want the Truth, You Can't Handle the Truth?

01:30:51 • 2min

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Robert Kiyosaki joins me for a deep conversation about his classic book Rich Dad, Poor Dad.

Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/

GUEST
Robert’s twitter: https://twitter.com/theRealKiyosaki
Robert’s website: https://www.richdad.com/

CHANNEL
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Transcript:

EPISODE
00:00:00 “What is Money?” Intro
00:00:05 NYDIG
00:01:22 Kiyosaki’s “Rich Dad, Poor Dad”
00:03:15 A background on “Rich Dad, Poor Dad”
00:06:07 Entrepreneurship as a way out of being a slave to the rich
00:09:06 Education as an indoctrination into Socialism
00:12:40 The four kinds of people
00:14:28 Capitalists vs Bureaucrats
00:16:25 Assets, Debts, and Liabilities
00:26:10 The Definition of Money
00:28:00 Anti-Property Propaganda
00:35:33 The Value of Untraceable Property
00:46:16 Money and Entrepreneurship
00:52:25 Inflation, A Punishment on the Working Class
00:54:03 The Cashflow Board Game
00:57:10 The Fundamental Divide Between the Bureaucratic and the Capitalist Mentality
00:59:04 Putting your Money to Work for you
01:03:22 Debt Management
01:05:16 Failure is a Part of Success
01:06:40 The Primal Nature of Man
01:19:21 Money as a Mentality

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WRITTEN WORK
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