Why I Don’t Care If the Market Crashes

Summary

Rich Dad Radio Show: "Why I Don’t Care If the Market Crashes"

Release Date: May 21, 2025
Host: The Rich Dad Media Network (Robert Kiyosaki)
Guest: Alejandro Cardona, Financial Expert

---

Introduction

In the episode titled "Why I Don’t Care If the Market Crashes," Robert Kiyosaki delves into the critical topic of financial education with his esteemed guest, Alejandro Cardona. This conversation explores the shortcomings of traditional education systems, the importance of financial literacy, and strategic investment approaches amidst market volatility. The episode is structured to provide listeners with actionable insights and personal testimonials that underscore the principles of wealth-building advocated by the Rich Dad philosophy.

---

Critique of Traditional Education and the Importance of Financial Literacy

Timestamp: 01:14 - 04:11

Robert Kiyosaki opens the discussion by critiquing the conventional education system, labeling it as indoctrinating students with Marxist ideologies that undermine capitalist principles. He emphasizes the lack of financial education, stating:

"Most of them don't speak the language of money."
— Robert Kiyosaki [03:00]

Kiyosaki highlights the disparity between academic teachings and practical financial knowledge, arguing that schools focus on pushing students towards traditional employment and saving money without imparting skills to build and manage wealth effectively.

---

Alejandro Cardona’s Journey to Financial Freedom

Timestamp: 04:12 - 17:34

Alejandro Cardona shares his personal journey from a traditional educational background to achieving financial freedom. Initially studying economics and later pursuing an MBA at Tulane University, Alejandro found the stock market concepts taught by professors confusing and disconnected from real-world investing. This led him to seek alternative learning methods, including:

• Engaging with the Cash Flow 101 board game, which transformed his understanding of financial statements and asset management.
• Applying the principles from "Rich Dad Poor Dad", which sparked an obsession with financial education and proactive wealth-building.

Alejandro recounts overcoming significant financial setbacks, including accruing substantial debt early in his investment career. His resilience and adherence to Kiyosaki’s teachings enabled him to recover and thrive financially by leveraging debt and making strategic investments in real estate and other assets.

"I read your book, and it reprogrammed my mind totally. It was a new mindset from someone who went to college and tried to do MBAs and everything."
— Alejandro Cardona [12:58]

---

Navigating Market Crashes and Investment Strategies

Timestamp: 17:35 - 34:03

The conversation shifts to the imminent stock market crash that Kiyosaki foretold in his book "Rich Dad's Prophecy." Despite the market downturn, Alejandro remains unfazed, explaining his adeptness at making profits during volatile periods through:

• Technical Trading: Utilizing options and other financial instruments to capitalize on market fluctuations.
• Real Estate Investments: Purchasing properties at reduced prices during market lows and refinancing to leverage further investments without paying taxes on gains.

Alejandro emphasizes a dynamic approach to investing, where understanding market trends and being prepared to act swiftly are crucial. He illustrates this with his experiences during the 2008 financial crisis, where strategic real estate acquisitions led to substantial profits.

"When the market crashed, I was ready. I took advantage of cheap real estate and made significant gains."
— Alejandro Cardona [08:28]

Kiyosaki underscores the difference between investors and traders, advocating for financial education that empowers individuals to overcome fear and seize opportunities during downturns.

---

Real Estate and Leveraging Debt for Asset Accumulation

Timestamp: 34:03 - 35:54

Alejandro details his strategy for building wealth through real estate, which involves:

• Starting Small: Accumulating initial capital through smaller deals to finance larger investments over time.
• Leveraging Debt: Using bank loans to acquire properties, thereby increasing asset portfolios without significant upfront capital.
• Reinvesting Profits: Continuously reinvesting gains into new assets to compound wealth growth.

He reflects on how Kiyosaki’s teachings enabled him to transform his financial situation, achieving early retirement and financial independence by 37.

"I reinvest all my money in businesses, real estate, gold, silver. I am super retired and I enjoy. I'm happy, Robert."
— Alejandro Cardona [17:34]

---

Conclusion and Final Thoughts

Timestamp: 35:54 - End

In the closing segment, Kiyosaki reiterates the importance of starting financial education early and making informed investment choices to safeguard against economic downturns. He praises Alejandro’s success and highlights the broader implications of adopting a Rich Dad mindset for achieving financial independence.

Alejandro expresses profound gratitude towards Kiyosaki, attributing his financial success and personal happiness to the teachings and resources provided by the Rich Dad platform. He emphasizes the intergenerational impact of financial education, noting how his responsible financial practices have positively influenced his children.

"Rich dad owns both [gold and bitcoin]. But right now, rich dad believes silver might be the most overlooked opportunity of them all."
— Robert Kiyosaki [21:58]

The episode concludes with a promotion for silver investment, aligning with Rich Dad’s view on diversifying assets to maximize financial security.

---

Key Takeaways

1. Financial Education is Crucial: Traditional education systems often neglect practical financial skills, making self-education essential for wealth-building.
2. Dynamic Investment Strategies: Embracing both technical trading and real estate investments can mitigate risks and capitalize on market volatility.
3. Leveraging Debt Wisely: Using debt strategically allows for asset accumulation without significant initial capital, fostering long-term financial growth.
4. Resilience and Adaptability: Overcoming financial setbacks through persistence and adherence to sound financial principles is vital for achieving financial freedom.
5. Intergenerational Impact: Teaching and modeling responsible financial behavior can positively influence future generations, ensuring sustained wealth.

---

Notable Quotes

• "Most of them don't speak the language of money."
  — Robert Kiyosaki [03:00]

• "I read your book, and it reprogrammed my mind totally."
  — Alejandro Cardona [12:58]

• "When the market crashed, I was ready. I took advantage of cheap real estate and made significant gains."
  — Alejandro Cardona [08:28]

• "Rich dad owns both [gold and bitcoin]. But right now, rich dad believes silver might be the most overlooked opportunity of them all."
  — Robert Kiyosaki [21:58]

---

This episode serves as a profound resource for individuals seeking to enhance their financial literacy and adopt effective investment strategies. Through Alejandro Cardona’s testimonial and Kiyosaki’s expert guidance, listeners gain valuable insights into navigating economic challenges and building lasting wealth.

Transcript

[Robert Kiyosaki]

This message is brought to you by Apple Card. Apply for Apple Card today and start earning up to 3% daily cash back on everyday purchases. And that daily cash can even grow automatically when you open a high yield savings account through Apple Card. What you waiting for? Visit Apple Co backslash card calculator today to see how much daily cash you can earn. Subject to credit approval, Savings is available to Apple Card owners subject to eligibility. Savings and Apple Card by Goldman Sachs Bank USA Salt Lake City Branch memory, FDIC terms and more at Apple Card. This message is brought to you by Apple Card. Apply for Apple Card today and start earning up to 3% daily cash back on everyday purchases. And that daily cash can even grow automatically when you open a high yield savings account through Apple Guy. What you waiting for? Visit Apple Co backslash card calculator today to see how much daily cash you can earn. Subject to credit approval, Savings is available to Apple Card owners subject to eligibility Savings and Apple Card by Goldman Sachs Bank USA Salt Lake City Branch memory, FDIC terms and more applecard.com this is the Rich Dad Radio show, the good news and bad news about money. Here's Robert Kiyosaki.

Hello, Robert Kiyosaki, the Rich Dad Radio Show. Today we have a very important show, but we've always had important shows. And as you know, we talk about financial education. And this is a very important aspect of financial education. One of the biggest mistakes I think our education system makes is you go to school, but you're indoctrinated by Marxists. And a Marxist is somebody who hates capitalists. But the question is, what is a capitalist? Why do Marxists hate capitalists? Because most professors are Marxists. Like my poor dad. They don't have any financial education. And then I have. I've been doing this now for 40 years. People say, oh, financial literacy, well, it's the lang, you know, literacy is the language of money. But they go, oh, yeah, yeah, yeah, I know the language of money. But most of them don't speak the language of money. So today's program is another very important aspect of what really is financial education and why most people, you know, I mean, they have no idea what financial education means. And financial education is a very big, big subject. It's not just one thing like studying, you know, it's like studying cars or something. So today we have Alejandro Cardona. Alejandro, where are you located now?

[Alejandro Cardona]

Right now in Miami.

[Robert Kiyosaki]

Miami.

[Alejandro Cardona]

Yes, sir.

[Robert Kiyosaki]

Thank you. With my friend Fernando Gonzalez. And we were touring Mexico. I was so impressed with Alejandro. And then he gave me a Gift I couldn't refuse. I like watches, I like pens. I like ours, and I like glasses. So Alejandro gave me one of my favorite watches. It's a Rolex Gold.

[Alejandro Cardona]

Thank you.

[Robert Kiyosaki]

And I've been saying to people, if you're going to buy a watch, you may as well buy it gold, because, you know, the dollar is coming down, the price of gold is going up. So, Alexandra, really thank you publicly for my gold Rolex. And it's gone up a lot in value since then because of the gold. And the Watts stayed the same, but the gold went up. So we're going to talk a bit more about financial education sitting behind me. I'll give you guys a big picture of it. This is a bigger picture of financial education. This is the cash flow board game. And this here is what we teach here. And this is. I call this the real board game here. It's a financial statement. As you can see, it's income expenses here. I mean, income expense, asset liability statement of cash flow. And most of these stupid professors, they have no idea what I just said. It's just tragic. And they're teaching kids to go to school, get a job, work hard, save money. Why would you save money when they're printing money?

[Alejandro Cardona]

Yeah.

[Robert Kiyosaki]

Get out of debt. And a real estate guy uses debt. And don't you don't. I don't have to pay taxes. But if you're a Marxist, you believe in paying taxes. If you are Marxist, you believe in labor unions. That's what Marx said is workers of the. This is. This book here, the Communist Manifesto. He said, workers of the world unite. The abolition of private property. First rule. They don't want you to own anything. So that's why they say someday you'll own nothing and you'll be happy. That's a Marxist. That's a guy in Davos, whatever his name is, Klaus Schwab. And they found out, he and Bill Gates and all these guys who are Marxists, they're trying to wipe out the world population. They just exposed them. Yes. And then we have my friend Trump, who have written two books, two books with. So financial education is a very big subject. So this here is called fundamental investing. So when somebody says, are you an investor? A friend of mine says, no, I'm a trader. Not traitor. A traitor. Warren Buffett is a fundamental guy. This is what he goes on. And this is what the cash flow game teaches. This is all financial education. And then I met Alejandro in Miami, Fernando Gonzalez. And so this is cash flow 101. Let me show you, this here, this is very, very important. This is fundamental. This is Warren Buffett and this is a guy like Jim Rogers. He lives in Singapore now. They're technical guys.

[Alejandro Cardona]

Technical.

[Robert Kiyosaki]

Yeah, yeah. So these are traders are investors. They buy whole go long term. They want to store it here in the asset column. And the reason, Alejandro is so important is because this is all markets always doing this going up and down, up and down, up and down, up and down. And I wrote in my book Rich Dad's prophecy, the biggest stock market crash in history is coming. And people got really angry. How can you say that stock market always goes up? Well, I went to college. That's why you're stupid about money. So the reason I want Alejandro in it, when I tell Alejandro we're over here right now, all time market high and we're going to crash here.

[Alejandro Cardona]

Yes.

[Robert Kiyosaki]

I mean, the market's gonna crash. Do you care?

[Alejandro Cardona]

No, Actually, no. I did a lot of money when the market went down because.

[Robert Kiyosaki]

More money.

[Alejandro Cardona]

Yes. When the president announced the tariffs, I was ready for that. And with it, 50 times our investments with options put which gain a lot of value for that reason. And then the market went to the bottom of the long term trend and we bought some calls too. So it's a very dynamic market, which is not like I'm buying and holding because we have to take advantage of every opportunity that the market does for us. I think it's a very generous market. It's a very volatile market when we are trained to do certain things. It's perfect.

[Robert Kiyosaki]

Yeah, hang on.

[Alejandro Cardona]

Yes.

[Robert Kiyosaki]

I just want here that you don't care if it goes up or down.

[Alejandro Cardona]

No, no, I don't care.

[Robert Kiyosaki]

Okay. Because this is what you do. He's a technical fundamental. This is cash flow 101 and this is all financial education. And one last book I'm going to plug in is Rich Dad's prophecy came out in 2002, I think I read. I said the stock market crash is coming. Well, it's here now. It's coming down big. And that's going to wipe out. Are all the guys with pensions, all the B boomers with pensions, with 401ks, IRAs, RRSPs. Their pensions are going to get destroyed.

[Alejandro Cardona]

Yes.

[Robert Kiyosaki]

When it crashes.

[Alejandro Cardona]

Yes, that's true.

[Robert Kiyosaki]

So let you go. I think a big picture for us before we go. Small picture. And the average person.

[Alejandro Cardona]

Yes.

[Robert Kiyosaki]

All they know is invest in the stock market for the long term. So, Alejandro, if I said put your money in the stock market for 50 years, what would you say to Me, Would you put your money.

[Alejandro Cardona]

It's not profitable enough.

[Robert Kiyosaki]

No, no.

[Alejandro Cardona]

I do it, but.

[Robert Kiyosaki]

No. Would you expect it to be there when you. Do you expect it to go up or down? I mean, do you expect your money to be there?

[Alejandro Cardona]

It's a lot of.

[Robert Kiyosaki]

It's probably going up.

[Alejandro Cardona]

Yeah, that's what I expect. Volatility.

[Robert Kiyosaki]

We can buy the cash flow game from Rich dad, but this is all part of financial education. So Alejandro is really a trader. And a person who does this here is an investor. This is all financial literacy. So when someone like Jim Rogers was one of the greatest technical traders in the world, he says, I'm a trader, not an investor. And the average person has no idea what that means. So I'm giving people big pictures. When I met Alexandra, I said, I love this guy. I'm absolutely proud of him. Because for my financial educations, I took technical trading for about four years from a guy named Alexander Everett Thing. Alexander. And so I was learning how to go. Markets go up and down. My point here is this. As these markets coming down as we speak, millions of baby boomers and get wiped out because the market, the stock market, the. Everything goes up and down, but the bond market goes down, the stocks come with it, you know. So anyway, that's the big picture here, Sally. Alejandro is a technical trader. He's excellent at it, and he makes a lot of money and he does not care if markets are going up.

[Alejandro Cardona]

That's true.

[Robert Kiyosaki]

Or coming down. Everybody understand that. So now I'm giving people the big picture. Alejandra, welcome to the Rich dad show.

[Alejandro Cardona]

Thank you.

[Robert Kiyosaki]

And please give us background. Miami right now. My friend Fernando, of course, give background, please.

[Alejandro Cardona]

Thank you, Robert. Well, I went to college trying to get this answer of what I should I do with my. My future and my money and with my life. So I went through college and I was. I've been studying economy. I graduate from that subject. Economy, and an economist. So after that I did a major because I didn't find the answer of how I'm going to get rich, how I can get wealthy. I try to find the answer to college. And it just a lot of models and things that I never used. And so I said, okay, I'm going to give me another chance. I'm going to take another chance, and I'm going to do a major in finances, a lot of mathematics, math.

[Robert Kiyosaki]

What schools and where were you going to school?

[Alejandro Cardona]

I went to Tulane University in New Orleans. I did an MBA over there. And when I was hearing the professors about the stock Market. It was so difficult. I was so confused. And I said, it looks like these guys never invest. I mean, I asked them how much money you do with these subjects that you are trying to explain me. And they say, no, my friend, we just go buy the book. And I say, oh my God. So I'm in trouble here. So I start doing my own research about the stock market. But my first approach on these subjects was through the Game Cash Flow 101. I said, this is interesting because it's a lot of profits here. So I'm gonna start going deeply in these subjects to trying to find my own answer. So first of all, when I read the book Rich Dad, Poor dad, my mind went like this.

[Robert Kiyosaki]

Boom.

[Alejandro Cardona]

It was like a atomic effect. Reprogram my mind totally. It's a new mindset from someone who went to the college and tried to do MBAs and everything. I was the number one student, Robert. That was my advantage because When I was 25, 25 years old, I said, I'm gonna turn this strong skill that I have been a great student, but now in the real thing, doing the real thing. So when I read the Rich Dad, Poor Dad, I could say that this turns into an obsession in my life. I was obsessed and obsessed with financial education. And I took it so seriously that I said, okay, I'm going to do it, whatever it takes. I'm going to go forward to my goals. I want to be a multimillionaire as fast as I can. So I get really serious in this, what I want to tell you. And thank you, Robert, because you literally, through your books, games and tools, changed my life forever. I mean, it's not something that was a little bit. No, it was huge in my future when I was 31. Because, Robert, I played the game thousands of times and I still playing it, even though now maybe I am a multi millionaire person. I never forgot how this, how all this starts with one book. And I set my mind so strong that I put my moat in financial. Financial freedom first.

[Robert Kiyosaki]

Yeah.

[Alejandro Cardona]

Then when I achieved that when I was 31 years old, because I, I saw, I mean, you grow this. You said you achieved your financial freedom when you were 47. So that testimonial, it was so strong for me that I said, okay, I can do it too. I can do the same. I don't want to work all my Life and having 401ks and all this stupid thing. And, you know, I want to do it by myself. I want to, I want to build these assets, these successful businesses. But at the beginning, I went really deep in debt too. And I'm bad debt. And it was a very, like a bad situation in my life because I tried to do. But I, I, because I read you say it, if you're gonna make mistake mistakes, do it as fast as you can as a younger. You are. So I did it and I did mistakes, and that cost me one million bucks. But I said, okay. And when I read again, the, the rest of your books and the actual president, Mr. Donald Trump, the President of the United States, when I read that he lost 9 billion, I said, okay. This is very small amount compared with him. If he could overcome this situation, I can do it too. And I did it, Robert. And I said, yes. When I was in zero, you know, say yes, I can do this. And I continue with your progress. I did everything you have. I did the coaching, I did the games, I bought the game, the 101, when I didn't have any money. But I found a way to invest in myself, invest in me and my energy, start growing up. I went to Phoenix, Arizona in 2008 when you did the event, how to predict the future, Remember?

[Robert Kiyosaki]

Yeah.

[Alejandro Cardona]

And I was so excited. The energy, everything. Even though I have, I was passing through a lot of tests and things in life, but I said, I'm gonna continue. I put my own cash flow club in Colombia, I remember. And a lot of people went and I start teaching this and sharing the experience. But because I played the game so many times, my brain didn't recognize if that was a game or it was the real thing.

[Robert Kiyosaki]

Yeah.

[Alejandro Cardona]

But I could say that everything that I have now, all the properties, apartments, houses, buildings, multifamily, a lot of properties like you, everything start here in my mind because I was financially free. I reached my financial freedom first in my mind, and then become real step by step as you teach. So it is incredible. I mean, this is like where the dreams come true. This is something so special. And I have to renounce to the old guy, the college guy, the intellectual guy, the loser guy, and I turn into something very, very different. And for me, for instance, doing this podcast with you is a dream come true. I mean, I'm so grateful with you and you know this because I truly love you. You literally saved my life through your teachings. And now I can play tennis, I can play basketball, I can share with my kids. I really don't care about the volatility because I can see if the market is going to go down or up. But something that I do is that I reinvest all my money in businesses, real estate, gold, silver. I am super retired and I enjoy. I'm happy, Robert. That's what I can tell you that my testimonial. I am a very, very, very happy person because of your teachings. I can tell you that.

[Robert Kiyosaki]

Yeah, we need to take a break. But my point is when I wrote this book here, I think 2002, whatever it was.

[Alejandro Cardona]

Yeah.

[Robert Kiyosaki]

Biggest stock market crash coming. It's here right now, right, Alexandro?

[Alejandro Cardona]

Yes, yes. He's there actually all over the world.

[Robert Kiyosaki]

It's happening now.

[Alejandro Cardona]

Yeah.

[Robert Kiyosaki]

And this is the sad part. You see, the reason people don't invest is they're afraid the market's going to crash. Yeah, they're afraid. You know, that's like if you can't swim, you don't want to go to the swimming pool. But that's the market. Yeah. And so if you don't learn 202 cash flow 202, you're always afraid. So I had my rich dad. I had to learn markets going up, Marcus going down. When 2008 came, I thought I died and went to heaven. Because when it crashed in 2008, all the best real estate in the world was coming out almost for free. I was like, oh my God, it's wonderful. So I took my financial statement from the one on one game, you know, and I went to my banker and I said, I want to borrow money. They said, how much do you want? The point here is this, is that if you understand 101, your fear of losing goes away. So we come back. We come back here. I'm so proud to be talking to you, Alexander Alejandro.

[Alejandro Cardona]

Thank you. Thank you, Robert.

[Robert Kiyosaki]

Because I only teach to inspire. I don't give you answers. Yes, you still, you went and did the homework. And you, the more you teach, right? The more you learn. Every time you taught somebody, you learn.

[Alejandro Cardona]

That'S the most at the same time. Yeah.

[Robert Kiyosaki]

Then we come back. We are back. And ask Alexandra Alejandra what he sees, how he's preparing for this market we're going into right now. Because China serious trouble. Germany's in serious trouble. Japan's deeply in debt. America is 37 trillion in debt. And a lot of people are going to get wiped out, but Alexandra and myself will get richer. That's why you want 101 and 202. We'll be right back.

[Alejandro Cardona]

Thank you.

[Robert Kiyosaki]

Rich dad likes gold. Rich dad likes bitcoin. Rich dad owns both. But right now, rich dad believes silver might be the most overlooked opportunity of them all. Here's why demand for silver is exploding. Used in solar panels, electric vehicles, computers, electric product weapon systems, medicine and even water purification. But unlike bitcoin or gold, silver supply is going down. And best of all, it's still the cheapest. Gold is breaking all time highs. Bitcoin hitting new records. Silver is still 60% below its all time high.

Why?

Silver is useful and the price has been suppressed for decades to keep it affordable for industry. But Rich dad believes that manipulation is over. And Rich dad believes silver's about to slingshot to all time highs, possibly $70 an ounce in 2025. So if you want to understand what's happening, how to take advantage of it, text the word Silver the 24999 and get your free 2025 Silver Forecast Guide from Rich Dad's trusted silver source, Priority Gold. You'll learn what's driving silver and how to buy it smart before the next surge. Again textsilver the 24999 right now to claim your free 2025 silver forecast guide and get ahead before silver takes off. This message is brought to you by Apple Card. Hey, did you know that you can get up to 3% daily cash back on every purchase you make with Apple Card? It's not complicated point system, just unlimited daily cash back on every purchase. No waiting for rewards. No limits on where you can use your daily cash. Use it on food, shopping, travel, the choice is yours. As an added benefit, you can even choose to let your daily cash grow over time by opening up a high yield savings account through Apple Card. Visit Apple Co CardCalculator today and discover just how much daily cash you can earn. Subject to credit approval. Savings is available to Apple Card owners subject to eligibility. Savings and Apple Card by Goldman Sachs Bank USA Salt Lake City Branch Member, FDIC terms and more and [e-mail].

Hello Robert Kiyosaki, the Rich Dad Radio show. And I'm very honored to have Alejandro Godona and he's a friend of my friend Fernando Gonzalez. And we're talking about what is financial education. Some people read Rich Dad, Poor dad, which is a good book, but it's only one part of the trope, one part of education. Because this is what Rich Dad Poor dad is about. It's about this, you know, fundamentals, income tax and because they mean balance sheet, the balance sheet, what the witch focus on? Oh, I got a high paying job and I got expenses. I mean they're really stupid, stupid, stupid, stupid. And, and they have no assets down here. But this is what the rich focus on. But Ali Alejandro, when he took it to another level. This here is called technical trading because all things go up and down. Everything goes up and down. Airplanes go up, airplanes got to come down. So what happened after 2008 when the market crashed? You know, Ken McElroy and I thought we died and went to heaven because they were giving away real estate for nothing. All you do is get the loan for it. So we took our bankers, this thing here, financial statements, and we borrowed like 300 million bucks. And all these guys say, oh, get out of debt, get out of debt. Where are we getting into debt? So we could buy more cheap real estate. And then it went back up again. So as I wrote here in this book here, Rich Dad's prophecy, the biggest stock market crash was coming. We're in it right now. And guys like Alejandro will get richer, except millions of my guys, My baby boom. People will be wiped out when the market comes down. So at least. Alejandro, when I tell you the market's gonna crash, do you care?

[Alejandro Cardona]

No, no, actually not. I can make more money and faster. Yeah, yeah. Those, those fail. Those falls recently after the tariffs announcement, it was a lot of money there. I mean, it's like you are create the money and you taught through your teachings, through your books. I mean, rich people creates the money. They doesn't work for money. They don't work for money. So that's true in the markets.

[Robert Kiyosaki]

So the market's up here. Are you going to invest more for it to go up or you be waiting for it to go here?

[Alejandro Cardona]

Yeah, to go to the bottom. But I can make the puts that. The puts are really cheap on those points. Like a kind of promotion? No, it's a, like a discount for puts when the market goes down and then when the market fail, fall. I mean, you make a lot of money through those instruments. But in the cash flow 202, this is really important because you start. The way that I did, dear Robert, is I started with small deals. That's so deep. I didn't start with big deals. Buildings, apartment complexes and all the. No small deals. A little bit of money here over there so I can accumulate an initial capital to invest in big deals or cash flow deals. That's a huge lesson. And through real estate, when I remember that lesson, you were, I think in, in Texas or something like that with Ken McElroy and you explain how increase the value of the property. Adding, adding value. And then you refinance the whole thing and that money is free. And that, that was like, oh, my God, what is this? Yeah, it's like an explosion, atomic explosion in my head.

[Robert Kiyosaki]

Tax free.

[Alejandro Cardona]

Tax free.

[Robert Kiyosaki]

Tax free.

[Alejandro Cardona]

That's what I do. That's what I do. It was one lesson. And in turn, it turns into a huge reality for me. Doing this kind of deals and, and using debt to. To leverage my money and increasing bodies. I mean, it's a process. The process is what make us richer and multimillionaires. Because it's been a process. When I read your book, I was 26 years old. Now I am 44. So it's been a while, but I mean, I retired when I was 37. How much is that worth? I mean, it's time. It's health, it's energies. It's a lot of beautiful things for going forward with these lessons.

[Robert Kiyosaki]

You know, it's freedom, but it's freedom because. Point. Yeah. The biggest point here is this. You can. When I say it's going to crash, Alexandro gets excited. Other people say, no, no, no, no. But he'll get richer faster.

[Alejandro Cardona]

Yes.

[Robert Kiyosaki]

But the thing here is this. That is really financial education. As everything goes up, everything comes down. So how much do you look into the future? Like, I look at the. I look at fundamentals like Germany is serious trouble financially. America is in serious trouble. Japan is in serious trouble. So those are the enemies. Japan and Germany, America. And we're deeply in debt and they keep printing more money. Does it make any difference to you? What do you think about when I.

[Alejandro Cardona]

Tell you that, well, in the technical matter, I'm going to find different opportunities every week, three, four times. So I go step by step. I'm not betting my future into the stock market because that's not the idea. The idea is that I have to be more dynamic and find these great deals. But I go step by step. A small risk, big reward. Withdrawing the gains and put it into the new assets. It's like a path. It's not just one trade or one specific opportunity, but it's been ups and downs, as you said. And every, every single signal that happens through every week is a big opportunity to make capital gains. And after that, every time that that happens, Robert, I'm buying a new building, a new complex, because those capital gains gave me this.

[Robert Kiyosaki]

You take cash. Yes, cash. You add more debt to it.

[Alejandro Cardona]

Yes, yes.

[Robert Kiyosaki]

Buy real estate.

[Alejandro Cardona]

Yeah, that's a huge lesson.

[Robert Kiyosaki]

And you pay no tax.

[Alejandro Cardona]

No tax. No tax.

[Robert Kiyosaki]

But look at this here. Okay. When Bitcoin came out, it went up, I think to 20,000.

[Alejandro Cardona]

Yeah, 20,000.

[Robert Kiyosaki]

So I waited.

[Alejandro Cardona]

Yeah. Boom.

[Robert Kiyosaki]

Dropped, Went Up. I saw it get to 1,000, 3,000. You know, this is technical trading. I said, how strong is this momentum? You know? So I watched it. I took the. I took technical trading for years, and as soon as it passed here, about 6,000, boom. So I picked it up at 6,000. I made my money so many times over. There's another thing, too, this. I do it with gold.

[Alejandro Cardona]

Yeah, gold is great.

[Robert Kiyosaki]

Gold went up to like, 700. Then it dropped down to 300 in 2000. So again, I just bought as much gold as I could, and it went to. So it went from 300 to $3,500. I. 10 times money. I sold it and I bought a house for cash, but the house only cost me, I think, $450,000, because that's all I had in the gold. Right. $450,000. It went up to 4.5 million. I sold. So it was all free money. You know, I got paid tax on it because it's capital gains. But anyway, that's the game.

[Alejandro Cardona]

Yeah, that was a huge lesson. I remember that seminar that you did in 2008. You talk about gold. The price was like $800 at that time. Now it's 3,500. And I start accumulating silver and gold since then. So I have. If you allow me one minute, I can bring like a hundred ounces. Bars. That's what I do. And kilo bars and all those things, because I love accumulation. That's the problem with a lot of people. They live day by day, and they buy a lot of things. They go to the fancy. All the fancy restaurants, all the vacation, all the things, luxury stuff and everything, but they don't have any assets. And I think we have to have this assets accumulation. And every single day, literally, we receive this cash flow, which I reinvest. And it's so fun and so special. All those teachings that.

[Robert Kiyosaki]

Alejandro, you're taking cash.

[Alejandro Cardona]

Yes.

[Robert Kiyosaki]

And cover assets.

[Alejandro Cardona]

Yes. I'm taking money from the banks.

[Robert Kiyosaki]

Yeah, yeah, the bank money.

[Alejandro Cardona]

And the richer I got, the richer I get. I need more debt. I need more real estate because I need more amortization, more depreciation, more expenses, because.

[Robert Kiyosaki]

Right.

[Alejandro Cardona]

You have to do it. Because if not, it doesn't make any sense. I need more assets. Real estate is incredible. I learned all that from you. And it was. Is it being an. An amazing time learning those. Those lessons, you know, I'm very, very proud of you.

[Robert Kiyosaki]

We're out of time. The point here is this. It's got to start up here.

[Alejandro Cardona]

Yeah.

[Robert Kiyosaki]

You have to choose what inside here. And if you're saying, well, I have a safe, secure job and I'm saving money, I'm on my house, I own a car, that's all you got, you're in trouble.

[Alejandro Cardona]

In Trouble? Yeah.

[Robert Kiyosaki]

Even 401k or an RRSP or, you know, a superannuation and the market crashes, you're wiped out.

[Alejandro Cardona]

Yes.

[Robert Kiyosaki]

That's how stupid these people are. They're really stupid. Anyway, Alexandra, I'm so proud to have met you. Thank you for my Rolex. Like I said, it's gone up a lot since you gave it to me. The watch is. The watch. I looked at the miele is that. Miele is how you pronounce it.

[Alejandro Cardona]

Oh, yeah. This one is a Richard Mille.

[Robert Kiyosaki]

Yeah. I haven't stepped up to your leg yet.

[Alejandro Cardona]

Remember the one in your birthday? That one was the first Rolex. Because one spiritual secret, dear Robert, is appreciation. Being grateful. And you literally saved my life. I can tell you that. My kids, they don't pay. They don't have these student loans or things like that because his dad is a wealthy person. Very responsible, very. I mean, straight to the plan. And that's a great example. They don't drink, they don't smoke, they don't. They are so focused on their goals. And it's because from the beginning, they watch. They observe me by leading by example. So it was. I mean, this changed generations from the further time. You know, it's incredible that. And I want to thank you for everything you do for the. For the world. It's so necessary, all this.

[Robert Kiyosaki]

You paid me back more than you know, just now. I'm so honored to get to know you. Because nothing's. You know, it's like your most important job is being a father.

[Alejandro Cardona]

Yes, I have time.

[Robert Kiyosaki]

I ask mothers and fathers, what are you teaching your kids? You know, job security, save money, get out of debt. What are you teaching your kids? And you're teaching them differently. Yeah. You teach them. That doesn't make any difference, that you can be rich no matter what. So I appreciate that. That's my. You. You give me your children as my gift to you. So I thank you for that. Thank you. So I will be right back with the final words from rich dad.

Rich dad likes gold. Rich dad likes bitcoin. Rich dad owns both. But right now, rich dad believes silver might be the most overlooked opportunity of them all. Here's why. Demand for silver is exploding. Used in solar panels, electric vehicles, computers, electric product, weapon, medicine, and even water purification. But unlike Bitcoin or gold. Silver supply is going down and best of all it's still the cheapest. Gold is breaking all time highs. Bitcoin hitting new records. Silver is still 60% below its all time high. Why? Silver is useful and the price has been suppressed for decades to keep it affordable for industry. But Rich dad believes that manipulation is over and rich dad believes silver is about to slingshot to all time highs, possibly $70 an ounce in 2025. So if you want to understand what's happening, how to take advantage of it, text the word Silver the 24999 and get your free 2025 Silver Forecast Guide from Rich dad's trusted silver source Priority gold. You'll learn what's driving silver and how to buy it smart before the next surge. Again Tech Silver the 24999 right now to claim your free 2025 Silver Forec before silver takes off.

Welcome back. Welcome back. Robert Kiyosaki I want to thank Alejandro. I mean I'm like a proud father. When a student comes back to me and says he's made millions of dollars, he's financially free but he still had to do the work. He had to change up here. And that's why we have cash flow 101. And this here is, this is, this is 101 financial statement. So I studied both of that, plus I studied tax law, plus I studied this. But my freedom is worth it. And most importantly, it really makes me sad to see parents getting deeply in debt, sending their kids to colleges to become a Marxist. That makes me upset. But anyway, I was a US Marine and I fought against communism. I still fight today. And the best way to fight communists is be a capitalist. So again I thank Alejandro and I thank you all for being part of the Rich dad community. Thank you very much. This podcast is a presentation of Rich Dad Media Network.