ADPI_064: Guts And Glory In War And Real Estate With Vietnam Veteran Robert Kiyosaki
Jan 29, 2019
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Vietnam War Veteran and real estate expert, Robert Kiyosaki, shares insights on military career, real estate, leveraging debt, and shifting towards a higher purpose. He discusses making money in the military and seizing opportunities, emphasizing the importance of mindset and entrepreneurship in investments.
Playing the Cash Flow game by Robert Kiyosaki teaches financial literacy and asset management skills.
Transitioning from military service to real estate investing requires leveraging debt, taxes, and building a professional team.
Deep dives
Benefits of Playing the Cash Flow Game
The podcast episode highlights the benefits of playing the Cash Flow game created by Robert Kiyosaki. The game aims to educate players about assets, liabilities, and investing, with the ultimate goal of escaping the 'rat race.' By navigating spaces that offer opportunities to invest in properties, start businesses, and invest in stocks, players learn valuable financial literacy skills. The game serves as a practical tool for teaching individuals, including children and spouses, about the principles of investing and financial strategy.
Robert Kiyosaki's Military Background and Financial Journey
Robert Kiyosaki shares insights into his military background and career transition into real estate investing. Born during the Vietnam era, Kiyosaki attended a military academy and pursued a career as a helicopter gunship pilot during the war. He emphasizes the importance of utilizing debt and taxes to generate wealth, highlighting his journey from initial military pay to achieving financial success through real estate investments. Kiyosaki's experiences underscore the value of practical financial education and leveraging opportunities for wealth creation.
The Cash Flow Quadrant and Financial Strategies
Robert Kiyosaki delves into the concept of the Cash Flow quadrant, distinguishing between employee (E), self-employed (S), business owner (B), and investor (I) mindsets. He emphasizes the significance of using debt and achieving passive income to minimize taxes and create financial freedom. Kiyosaki emphasizes the need for individuals to transition from the left side of the quadrant (E and S) to the right side (B and I) by building a team, understanding financial principles, and constantly educating oneself about investment strategies.
Building an Effective Real Estate Team
Kiyosaki underscores the importance of building a professional team in real estate investing, comprising members like bookkeepers, accountants, attorneys, and bankers. He highlights the role of a bookkeeper in maintaining accurate financial records and stresses the need for a cohesive team to navigate real estate challenges. By emphasizing the need for ongoing education, utilizing professional services, and fostering a team-oriented approach, Kiyosaki provides valuable insights into creating a successful real estate investment team for long-term financial growth.
In this amazing episode, Adam La Barr and I sit down with Vietnam War Veteran Robert Kiyosaki to talk about his military career, and his experience in real estate. The wisdom on this podcast will blow you away!! Make sure you hit subscribe, take out your notebook, and share this episode with all your friends. Also, leave us a review and let us know who else you want to see on the show!
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To find out how you can build $10,000 a month in Passive Income while investing in the military check out This Video
Check out "Rich Dad Poor Dad" by Robert Kiyosaki, and other great books on our Resource Page
If you are ready to get started on building wealth and want to learn how to get the most out of your veteran benefits, then make sure you grab our Bestselling Book