Young and Profiting (YAP) with Hala Taha

Robert Kiyosaki: Rich Dad Poor Dad, These Common Beliefs Keep Hard-Working People Poor | E269

Jan 22, 2024

Robert Kiyosaki, legendary personal finance expert and author of Rich Dad Poor Dad, shares insightful ways to manage money, make it as an entrepreneur, and more. Topics include the importance of friends, learning from failure, entrepreneurship vs. stock market, getting money to work for you, stockpiling good assets, stepping up as an entrepreneur, buying gold and silver, and the power of a good brand.

01:02:20

Episode guests

Robert Kiyosaki

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Quick takeaways

Studying successful entrepreneurs like Elon Musk and Steve Jobs can provide valuable lessons and help transition from a small business owner to a big business owner.

Building a brand allows entrepreneurs to generate income even when they aren't directly involved, separating them from high-paid individuals in the S quadrant.

Successful entrepreneurs create wealth by executing well-executed, high-quality ideas and understanding the market to provide products and services that meet customer needs.

Deep dives

Transitioning from S to B: Studying Successful Entrepreneurs

To transition from being a small business owner (S) to a big business owner (B), Robert Kiyosaki advises studying successful entrepreneurs like Elon Musk, Steve Jobs, and Warren Buffett. By understanding their strategies and mindset, aspiring entrepreneurs can learn valuable lessons and make the transition to the B quadrant.

The Importance of Skill Development in Risky Situations

00:27

Challenges Faced by Young Men and Women in Dating and Careers

00:32

Concerns about the Banking System and Bail-Ins

00:30

Introduction

2min

Challenging the Idea of Living Debt-Free and the Importance of Entrepreneurship

2min

Sales Skills and Cash Flow for Entrepreneurs

13min

Ads for Shopify, Indeed, and HelloFresh

4min

Personal Life and the Decision Not to Have Kids

3min

Parenthood and the Impact of Fatherhood

19min

Challenging Mindset and Sponsor Ads

5min

The Importance of Building a Brand

18min

Robert Kiyosaki is a legend in the personal finance space. After growing up in humble origins in Hawaii and fighting in the Vietnam War, Robert went on to become a multi-millionaire entrepreneur who gained global recognition with his book Rich Dad Poor Dad. He has now written over two dozen books and dedicated his life to helping others learn how to make money work for them. In this episode, he shares some insightful ways to manage your money, make it as an entrepreneur, and so much more.

Robert Kiyosaki is an entrepreneur, educator, speaker and investor who has challenged and changed the way tens of millions of people around the world think about money. Best known as the author of Rich Dad Poor Dad, a personal finance classic, Robert is the author of more than two dozen books. He is also the host of the Rich Dad Radio Show podcast.

In this episode, Hala and Robert will discuss:

- Why one of the keys to becoming rich is who your friends are

- Why you learn from falling down

- The biggest question on planet earth

- Why he prefers entrepreneurship to the stock market

- How he flunked out of school

- How entrepreneurship has changed in the last 25 years

- How the rich get money to work for them

- Why to stockpile good assets

- Why it’s important for entrepreneurs to step up

- What makes a good entrepreneur

- Why a good brand beats a good business

- Why you should buy gold and silver

- And other topics…

Robert Kiyosaki is an entrepreneur, educator, speaker and investor who has challenged and changed the way tens of millions of people around the world think about money. Best known as the author of Rich Dad Poor Dad, a personal finance classic, Robert is the author of more than two dozen books. He is also the host of the Rich Dad Radio Show podcast.

Resources Mentioned:

Robert’s Website: https://www.richdad.com/

Robert’s LinkedIn: https://www.linkedin.com/in/robert-kiyosaki-46b532145/

Robert’s Instagram: https://www.instagram.com/therealkiyosaki/

Robert’s Facebook: https://www.facebook.com/RobertKiyosaki/

Robert’s YouTube: The Rich Dad Channel

Robert’s Podcast (The Rich Dad Radio Show): https://www.richdad.com/radio

Robert’s classic book, Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!: https://www.amazon.com/Rich-Dad-Poor-Teach-Middle-dp-1612681123/dp/1612681123/

Robert’s latest book, Capitalist Manifesto: https://www.amazon.com/Capitalist-Manifesto-Robert-T-Kiyosaki/dp/161268114X/

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