
Most people spend their lives working for money—without ever understanding how money really works. In this eye-opening episode, Robert Kiyosaki exposes the truth about why the poor and middle class struggle while the rich keep getting richer. From...
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Mayra Ameth
A Mochi moment from Sadie who writes I'm not crying, you're crying. This is what I said during my first appointment with my physician at Mochi because I didn't have to convince him I needed a GLP one. He understood and I felt supported, not judged. I came for the weight loss and stayed for the empathy. Thanks, Sadie. I'm Mayra Ameth, founder of Mochi Health. To find your mochi moment, visit joinmochi.com.
Dana
Sadie is a Mochi member, compensated for her story.
Jeff Bridges
Morning Zoe. Got donuts.
Dana
Jeff Bridges why are you still living above our garage?
Jeff Bridges
Well, I dig the mattress and I want to be in a T Mobile commercial like you teach me.
Dana
So Dana oh no, I'm not really prepared. I couldn't possibly at t mobile get the new iPhone 17 Pro on them. It's designed to be the most powerful iPhone yet and has the ultimate pro camera system.
Jeff Bridges
Wow, impressive. Let me try. T Mobile is the best place to get iPhone 17 Pro because they've got the best network.
Robert Kiyosaki
Nice.
Dana
Jeffrey, you heard them.
Robert Kiyosaki
T Mobile is the best place to get the new iPhone 17 Pro on us with eligible traded in any condition.
Jeff Bridges
So what are we having for lunch?
Dana
Dude, my work here is done.
T-Mobile Announcer
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Rich Dad Radio Announcer
Mobile.Com this is the Rich Dad Radio Show. The good news and bad news about money. Here's Robert Kiyosaki.
Robert Kiyosaki
Hi Robert Kiyosaki. And I'm probably best known for this book here, Rich Dad, Poor dad, which came out in 1997 and it's still on bestseller list in different parts of the world. And this came out in 1997 and this board game, Cash Flow came out in 1996. So this is what I'm kind of known for. So what I'm going to talk today about is, as you know, is this word change. So a lot of people are talking about what can I do, what can I do, what can I do? And for many people this is the hardest word word there is because it's very easy to keep doing the same old thing. So there's a saying that I've had for years and the saying Is this for things to change? First I must change. And for many, many people, this is the hardest thing there is. The most difficult thing for a poor person is stop being poor and you can just keep doing the same old thing and wind up poor. Millions and millions of people are finding out they're poor. They may have done all the right things. They went to school, they got a job, they work hard, they live below their means, they saved money. And they may have invested in the stock market or a superannuation or rrsp, but they can't change. That's the problem. And I've been talking about this for years and years and years and years and years. About this word here is how do you change? It's more than just changing your thoughts. You got to change what you do. You got to change your emotions and change spiritually here. So what I'm going to be talking to you today about for the next 45 minutes to an hour is how do you change? Because we at the Rich Dad Company, this is all we focused on. So even though millions of people without government support would be on the streets homeless, because they don't have any money, the reason is they went to stupid schools. You know, they taught you to get a job, work hard, save money, get out of debt, invest in the stock market, and that's why they're in trouble today. And the hardest thing to do is change that thought. So I have some. Again, this here is my book, Rich Dad, Poor dad, which I'll be talking about. This for many people is the most profound book of change. It's the cash flow quadrant. But this here is another book called Fake. Fake Money, Fake Teachers, Fake Assets. Fake money, Fake teachers, fake assets. And one of the reasons people are in trouble is our money is fake. The US Dollar is fake. It's a fiat currency. It's an iou. It's printed out of thin air. And then you go to school, you learn from teachers who don't know anything about money. And you take advice from them or your parents who are poor, give you financial advice. And it's hard to change that because you love your parents, probably hate your teachers like I did. But if you still listen to your parents or your teachers, you're in trouble. And then they tell you to invest in assets like stocks, bonds, mutual funds, and ETFs. And what's really, really sad is that one of the biggest assets today is called the U.S. treasury bill, the T Bill. It's the biggest phony piece of garbage I've ever met. But Millions of people my age, the baby boomers, they hold T bills, treasury bills, bonds and bonds only exist because there's fake money. But that's far beyond what most people can handle. So anyway, that's what I write and I talk about. So again, for things to change, first I must change. When you talk about fake money, fake teachers, fake assets, many of us had bad teachers. So the reason I created the Rich Dad Company was again, to teach people about money playing games, a cash flow game. So this is what I'll be covering today, about how you can change using a simple board game and books. But you have got to want to change. I'm afraid the world is on the verge of a depression or a collapse. And for some people, it's bad news. For those who are prepared, it's good news. So that's what I'll be talking today about the other thing. So I'll just give you a quick review of Rich Dad, Poor Dad. So this was in the book Rich Dad, Poor dad. You have income, expense, asset liability. This is the difference. And a lot of people read Rich Dad, Poor dad, but they didn't get the message. You know, Rich Dad, Poor Dad. I said, the rich don't work for money. Well, this is where most people are focusing on. This was Poor Dad. You know, most people watching right now want a paycheck. That was Poor Dad. They work for money and then they try and reduce their expenses. That's poor people thinking, you know, I'm going to work hard and I'm going to try and save a little money. That's ridiculous. That's why you're poor. Got to change that thought. And this here is Rich Dad. Rich dad said the rich don't work for money. The rich work for assets. And assets are down here. So this is called a P and L. And this is called a balance sheet. Now, again, it's the words and from the Bible, not really religious, but the word becomes flesh. You've got to know this word here. When I talk to my friends, we're talking about balance sheets. How many assets do you have offset via liabilities? And the average person, like my poor dad, a PhD, most employees, they think here, they think P and L, profit and loss. And the rich think in balance sheets. And when I talk to the average person, they have no idea what a balance sheet is. You know, they call their house an asset, which was number two in Rich Dad Poor, when their house is really a liability. And so the reason people are poor is they have liability after liability after liability. They Call assets. That was this book here. So if you want to change, it begins by changing your words because again from the Bible and the word becomes flesh. You call liabilities assets. You'll be poor. That's what the PhDs at the federal Reserve bank are doing. They're calling their liabilities assets. PhD stands for poor, helpless, desperate. That's my poor dad PhD, rich dad, no education. So what rich dad, poor dad, the book was teaching was basically this here and this here was what the cash flow game was about, was to teach people how to acquire assets. But most people just want out and they want to make more money. They want a higher paying job, they want to trade the stock market, make some cash, and that's why people are in trouble. And then they try and reduce expenses or they buy a big house or a new car and they call it an asset. Your house and your car are liabilities. Then you have credit card debt, alt liabilities. You have kids, every kid, they may be God's asset, but they're your financial liability. And you look at some of the poorest people, they have the most kids. You know, it's tragic. And that's what happens when there's no financial education in our school. So going back to this here, for things to change, first I must change. It begins by looking at this here. This is old stuff, 1997, rich dad put it if you're going to change change of vocabulary, change of words. The words become flesh. So here is a picture. This is rich dad. And his most important document was a financial statement. This, that was important to rich dad. And this is what happened to my poor dad was his diploma. He had a PhD. Poor, helpless and desperate. And it's these PhDs that run the Federal Reserve bank, the U.S. treasury and our school system. So if you're struggling today, it may be because you've been listening to poor, helpless and desperate people versus rich people financial statements. What my rich dad taught my best friend and I Mike was when you go to the bankers as adults, the banker never asks you for your diploma. Your banker wants to see your financial statement. And 99% of you out there watching this program, you don't have one of these. You have a credit card, but you don't have a financial statement. You have a fico. In America it's called a FICO score, which just proves how well you pay your bills. So again, I just want to get to it. It's really quite simple for things to change. First I must change. And the change is you don't Want to keep working for money. Because as I say in this book here, it's fake money. In 1971, President Nixon took the dollar off the gold Standard and the US could print as much money as it wanted. In 1971, the US dollar became debt. That was the difference. So then what most poor people say is get out of debt. Well, if the dollar is debt, US dollar is debt, the Singapore dollar is debt, the ringgit is debt, the peso is debt, the euro is debt, the yen is debt, that's free money. I borrow my ass off. So I borrow money here. So I borrow debt here. And I buy assets. So my primary asset are apartment houses. And every month I have 8,000 of them. Every month they cash flow income here. That's my formula. There's millions of formulas to get rich. Millions. But there's billions of ways to go poor. So this is my formula. But the most important thing you notice here, if you understand financial statements, is your biggest expense. There's tax. I don't pay taxes. Legally, that's called financial education. Now some may say, well, that's not fair. It isn't fair. But if you went to school and you had fake teachers, that's the best you got. Or your parents believe in paying taxes, you're in trouble. You're in serious trouble today. Because the rich, as you know, don't pay taxes legally. You can be a cheat and not pay them illegally or you can do it legally. So anyway, that's what happened. Again, it's a story of rich dad, poor dad, poor dad, Ph.D. poor, helpless, industrial. He died a poor man. And my rich dad financial statement. Again, your banker asks you for your financial statement. That's where the change starts. And the reason we created the cash flow board game, because inside here is a financial statement. It's not the game board, but you have to train your brain to acquire this. This is all I focus on here. So when the markets crash in 2020, I'm not in the stock market. You can make a lot of money in the stock market. I just don't like stocks or bonds or ETFs or that stuff. I just don't like it. If you like it, good, buy it. But anyway, that's what this game was teaching. And it teaches you physically, you have to do something. So this is book number one. This here is. So this here is rich dad, Poor Dad. You haven't read it. Please read it. Very simple book is still on the bestseller list. This book was on the bestseller list of the New York times for nearly seven years until the communist people, the PhDs at the New York Times, took it off. Just like they don't like Trump, they don't like me because I'm a capitalist. Trump is a capitalist. The people who are PhDs, most of them are socialists or communists. They're good people, but they don't like rich people because they're not rich. Because they. Most of the PhDs work for this and this. That's the difference. And the rich, Trump and I work here. That's the difference. And that's where the change starts. Second book that came out was this book here, the Cash Flow Quadrant. And many people says this was the most important book for them to change. It kind of woke them up. So this is a diagram of the cash flow quadrant. So this is the diagram, a simple sketch of the cash flow quadrant. So when I was a young boy, my rich dad would just show this here. E stands for employee. S stands for self employed, small business or specialist, like a doctor or lawyer, computer programmer. An S can do their job on their own. That's the difference. If you can do your job on your own, you're an S. If you need a job, you're an E. That's the difference. Here B stands for big business, 500 employees or more. Or I stands for inside investor. See these guys? When they invest in the stock market, they're outsiders. When I invest, I want to be an insider. So the people with their retirement plans and all that, guys who invest with Warren Buffett, they're outsiders. I wanted to be an insider. We'll be right back.
Rich Dad Radio Announcer
They lied to you. For decades, Wall street told Americans a 6040 portfolio with a safe path to retirement. 60% stocks, 40% bonds. But the formula died in 1971 when Nixon took the dollar off gold. Bonds are nothing more than IRUs for the most indebted nation in history. Finally, even Morgan Stanley admits it. Their new model is 60 2020. 60% stocks, 20% bonds, 20% precious metals. But the truth is, the real breakout is silver. Silver is already up 60% this year. It just hit $50 an ounce, its highest level in a decade. And the next move could be explosive. I believe $100 in silver today could be worth $500 within a year. So here's the choice. You can wait for Wall street to sell you another fairy tale, or you can act right now. That's why I want you to get The Rich Dad 2025 Silver Forecast Guys Guide. Inside, you'll discover why silver is surging. Way to drive the Next wave higher. And the simple steps to add real silver to your IRA or 401k tax free, penalty free. Call Priority Gold right now at 866-703-9895 or text the word Guy the 24999. No pressure, just real answers. Silver's breakout has already begun. The only question is, will you be on board before the rocket takes off? Call 866-703-9895 or text the word GUIDE to 24999.
Ryan Reynolds
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Robert Kiyosaki
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Mayra Ameth
New customer offer first 3 months only.
Robert Kiyosaki
Then full price plan options available, taxes and fees extra.
Mayra Ameth
See mintmobile.com.
Robert Kiyosaki
I'm a kiyosaki Rich dad radio show. The good news and bad news about money. So this is the big difference between thoughts and how you change. This here is poor dad. The words in his head were go to school, get a job, get a paycheck and retirement plan. And this was my poor mom. She wanted me to be a doctor. The problem was I kept flunking out of school. I was not very smart. And over here was my rich dad. So if you're going to change your thoughts, how do you change? You may want to consider making your changes here. This one is the hardest, by far the hardest. But they are the richest. They are the richest people on the earth. You know, like today, Steve Jobs, he didn't finish school. Michael Dell didn't finish school. Zuckerberg didn't finish school. Walt Disney did not finish school. This is the hardest quadrant here. B stands for 500 employees or more, but also stands for the word brand. Apple is a brand. Disneyland is a brand. Tesla is a brand. Rich dad is a brand. These guys, they want everything in their names, like Joe's fish company. It cannot explain. It's hard to explain. If you are the worker again, an S can do their job on their own. These guys cannot. Very, very big difference. These guys are inside investors. I'd rather be inside. And these guys, what they teach you in school is to be on the outside. So as you're listening and watching this program, Your brain should be twisting right now because it goes back again to words, and the words become flesh on the Bible. I'm not religious. I'm just telling you the Bible. If you're saying I need job security and a steady paycheck, you're stuck here. If you say, I want to start my own business, I want to do it on my own, you're an S. Nothing right or wrong. There's nothing right or wrong. Just be aware. If I want to start a big business like Apple or Facebook or Google, you know, then it becomes a brand. And those are the richest people on earth. And I stands for inside investor. So when I invest in real estate, I'm an insider. When I buy gold, silver, or Bitcoin, I'm an insider doing that. I don't need a fund manager to do it for me. So those are thoughts and things that people need to change about their lives. What do you want to do? This is hard. I've been working on this a long time. So the rich dad is a brand. And let me explain how I make so much money is because I am a brand, I can sell what's called a license. So when I write a new book like this, I sell a license to about 50 publishing companies throughout the world. I make a lot of money writing one book. This guy might write a book but not sell any. So those are some of the differences here. So it. It's just. It's not so much what school you went to, it's more how you think. So I'll let you think about that. So if you could take a moment and ask yourself what's in my head? If you want to do it on your own, fine. You know, but there's a price for that, too. It's hard to grow. You can make a lot of money, but this is mega money here. So one of the reasons I make so much money, because I also license this product here all over the world. So that's what my rich dad taught me. And my poor dad said, go to school, get a job. And my mom wanted to be a doctor so I could be a professional. I don't do that. So once again, I go all the way back to this for things to change first. First I must change. But this is a big change here. It's this word here. This for these people is tax. Tax is your single largest expense for these people here. So when we look at taxes, and this is true all over the world, these guys pay about 40% in taxes, and that's going up because of the economy going down. These people pay 60% in taxes. This is all over the world. This is us, China, Singapore, Australia, New Zealand, Europe. These people here pay 20% in tax and investors pay 0% in tax. So those of you who have stocks, you know, who invest with bond funds and all that, that's fine, but you don't get this here. So one of the reasons I make so much money is I make more money from here. But also I pay no taxes legally. So think about that. And I know some of you are saying, well, you can't do that. That's illegal, that's criminal. And if that's what you think, that's what you think, but it's not true. That's what you've been taught. So if you're going to change something, the change starts up here. And this is some of the changes people go to. I'm not saying you have to. I'm saying this is where the change starts. Change starts here. Now, does it mean you have to quit your job? No. You know, you can be different quadrants. For example, an employee, they always say the same words. I have job security, steady paycheck. I'm an employee of my own company, Rich Dad. I'm also an S. When I write a book, I'm an S. I basically do it on my own. But I also own the Rich dad company, the brand, and I license it all over the world. And I'm also an inside investor because I invest in real estate. When you go real estate, you go inside. If you stay in stocks, bonds, mutual funds, you're outside. And those are some of the thoughts. If you're going to make changes, these are some of the things you need to think about. Because what's happening today, as you know, is these guys are getting wiped out left and right in America. Unemployment is still at 30 million people. And what's happening in the bad real estate investments? Like, I don't invest in shopping centers and office buildings, those things, office buildings and shopping centers are going down. So the guys who invested in what's In America called REITs, real estate investment trusts, so they invest in real estate via paper assets. They're getting crushed here. Whereas because I'm investing in apartment houses, I'm a safer, much, much safer than people investing in shopping centers, office buildings and big projects. So those are some of the thoughts I ask you to think about. Because if you think that real estate is bad, then you're screwed. There's bad real estate and there's good real estate. I'll Let you think about that again. For things to change, first I must change. So one of the changes, you know, if I'm going to. I have to change also. So one of the changes we're doing at the Rich dad company is we're making things simpler. You know what's happening today? People are making it more complex. You go to school and they take one plus one and they turn it into calculus. You know, I want to take one plus one and just say, tell me two. But anyway, we're putting a lot of things in pictures. So these are things I ask you to think about. This is called intelligence is the ability to see both sides of the coin. So all coins have three sides. You have heads, tails, and the edge. Intelligence is when you're on the edge. And the trouble with stupid, stupid, stupid school teachers and stupid people, they think there's only one answer. That's why we have fights. If you're going to be intelligent, look at both sides. See over here, this is what happens when you go to school. You go, I'm right and you're wrong. Well, it's not right or wrong. What's best for you. And over here is, I'm right and you're wrong. And that's the problem with going to school. That was my poor dad. He thought the rich were evil and greedy. But the real fact of the matter is my poor dad was poor, but he had to make the rich like my rich dad, wrong. And that's what's going on in America today. What's happening in America today is the battle between capitalists and Marxists, conservatives and liberals. And they're all saying, I'm right, you're wrong, I'm right, you're wrong. Well, both are right and both are wrong. Also. You have right, wrong. Rich, poor, smart, stupid, left, right. If you're going to be more intelligent, stand on the edge of the coin and look at both sides. Understand both sides. For example, we have a Rich dad radio program. I have guests. Come on. They're all saying the same thing. United States is going to crash. The question is, what does a person do? So one person says, when the United States crashes, we're going to go into deflation, depression. Another person will say, we're going into hyperinflation. So inflation, deflation, it's the same event. United States is going down. We're going to crash. The question is, is it inflation or deflation? So when I have guests on the Rich dad radio program, I have them present both their side, the other side. And then you As a listener to the Rich dad radio program can make up your mind which and both have valid points. That's all I'm saying. So intelligence is found on the edge. The problem is when you go to school and are taught by people like my poor dad, there's only one right answer. And that's generally the right answer of a poor person. Go to school, get a job, save money, work hard, pay taxes, get out of debt and invest in the stock market. So that's why when you look at my asset column, I have gold, silver and bitcoin. Why do I have gold, silver and bitcoin? Because they operate outside the government and banking system. So the reason this is important, all coins have three sides. Heads, tails and the edge. And your job is to stand and look at which side is important to you. The other thing I want you to know is this. The stock market is an all time high. This is August 2020 and it keeps going up. The reason it keeps going up is the Federal Reserve bank keeps printing money, but when it stops, the bear goes out the window. If I'm not saying it's going to. If this happens, we either have hyperinflation or we have depression. Both are not good. So the reason I don't save dollars, because it's fake money. I save gold, silver and bitcoin. I've been saving silver since 1964 and gold since 1972. Why gold and silver? Because gold and silver, or God's money, it's been here since the earth was formed and it'll be here when we're all gone. I like bitcoin because bitcoin is people's money. It's cyber currency. And the thing I like about bitcoin is as every government in the world prints more money, bitcoin prints less. They call it halving. So I'm not saying you should invest in gold, silver or bitcoin. I'm just telling you why I do that. Namely because I don't work for money. I didn't go to school to get a job. You know, that's why I don't call my house an asset. They're liabilities. And those are some of the differences. But I think this is one of the most important things today is this. This here is a picture of David and Goliath. You know, most of us are David's. You know, this here is Big Pharma. That's why they want a vaccine. Because big Pharma is going to make trillions of dollars. Who invents that vaccine will make trillions. But this is also the biggest banks, these are the big corporations, these are big governments. So how do you win against. And it's this here, this little slingshot. It's called leverage. And what I'm saying to most people today is this called the cell phone. This is the most powerful tool created for entrepreneurs. You know, if you learn to use this and think like an entrepreneur, you can beat Goliath. This, if I had this, you know, 50 years ago, be a different story today. But today the people who are complaining, I don't have a job, you know, what happened to my business? This is your salvation. You know, think like this and this and use this as your little slingshot here. There's more potential to make money today because of this. You know, I know a young guy has a YouTube site. I think he makes like $72,000 a month because he has followers on YouTube. But I want to say one more thing is what's happening in America, his homelessness is going up. That's ridiculous. You know, every homeless person I know has one of these. The trouble is they have one of these cell phones, but they don't have the information up here because they're still thinking like these guys here or they think like a homeless person. So that's what I'm talking about with change. The tools are there for you to make tremendous changes in your life. You don't have to quit your job, you can keep still doing what you're doing, but you can start a part time business or you can learn to be a more professional investor. You can invest in stocks, bonds, mutual funds and ETFs. You have more information coming at you in this little tool here than any time in history. And the fact that there's so many poor people is because they went to school and were taught by poor school teachers like my poor dad, PhDs. So if you're going to change, it starts with changing your thoughts. And the question is, how do you change? Like I said, for things to change, first I must change. I change up here. And the big difference here is stop thinking like a poor person. You know, employees always want a pay raise and all they do is pay more taxes. Stupid, stupid, stupid. That's smart. You can do it if you want. And this is where the rich focus on. They focus on the balance sheet. When I talk to my friends, they all speak about their balance sheets. And the poor always talk about, I want a pay raise, I want to reduce expenses. P and L. So the change is very simple to get down to. Here. And that's why I created the cash flow game showing here. And the other point of view is here. Most people get stuck thinking in only one quadrant. I want to be here. This is the rich dad company. I am a bee. I have a brand, I've built it. I have investments, I have real estate, and I have gold and silver. But anyway, you don't have to quit your job. You just have to be in more than one quadrant. That's all it is. It starts up here. So one of the things I'd like to talk about is the reason this is so important here is what is this word here? Most PhDs, like my poor dad, lack intelligence. They lack financial intelligence. But that's not the only intelligence they lack. So there's four basic intelligences a human has. This is called a tetrahedron. Four different points. So the intelligence that most people focus on is mental. And mental is important. It's how you're rational. One plus one is two. I need to eat lunch, whatever it is. The second is emotional. Emotional intelligence is considered the most powerful of all intelligences. For most people, emotion is fear, joy, happiness, sadness. And the problem with listening to PhDs, people who are poor, helpless and desperate, is because they teach you not to make mistakes. They tell you that if you make mistakes, you're stupid. Well, how in the world does a baby learn to walk if they don't fall down? How do you learn to ride a bicycle if you don't fall down? Fall off the bike. And the reason PhDs are poor is because they don't make mistakes. Because they live in fear. They cling to job security. They want that paycheck. They want that pension. They can't think anymore. We'll be right back.
Jeff Bridges
Morning, Zoe. Got donuts.
Dana
Jeff Bridges, why are you still living above our garage?
Jeff Bridges
Well, I dig the mattress. And I want to be in a T mobile commercial like you teach me. So, Dana.
Dana
Oh, no, I'm not really prepared. I couldn't possibly at T Mobile get the new iPhone 17 Pro on them. It's designed to be the most powerful iPhone yet and has the ultimate pro camera system.
Jeff Bridges
Wow, impressive. Let me try. T mobile is the best place to get iPhone 17 Pro because they've got the best network.
Robert Kiyosaki
Nice.
Dana
Jeffrey, you heard them.
Jeff Bridges
T mobile is the best place to.
Robert Kiyosaki
Get the new iPhone 17 Pro on us with eligible trade in in any condition.
Jeff Bridges
So what are we having for launch?
Dana
Dude, my work here is done.
T-Mobile Announcer
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Robert Kiyosaki
Welcome back. Robert Kiyosak the Rich dad Radio show. So the other intelligence is physical. You have to do something. The body. You know, if I want to learn to play golf, I have to swim a golf club. But what school will tell you no? Just read the book and take a test. Look, sports fans, you cannot learn to play golf or making money or anything if you don't swing in the golf club or make mistakes or fall down or do something. The reason my poor dad was poor, PhD. You know, this picture here, he thought his PhD meant something. You know, you go to your banker, you can say, Mr. Banker, I have a PhD. Like, oh, good. The reason I can borrow millions and millions and millions of dollars is because I have one in this financial statement. The banker will not lend you $10 million on a PhD but they will lend you $10 million if you have a strong financial statement. That's the difference. And most of these guys here, they're terrified of this because they're afraid of making mistakes. They're terrified of looking stupid. They're terrified what people might think of them and say to them. So they don't do anything, look, you can't learn to play golf. You know, I flew for the U.S. marine Corps. I went down three times. The reason I could crash and come back was because I practiced crashing. We practiced crashing every single day in flight school. So I was pretty good at crashing. So in Vietnam, when I crashed three times, I came back alive. But too many, like civilian pilots, they don't practice crashing. That's why they die. It's silly. If you want to live, you got to practice crashing. But the most important of all intelligences is this one here. I'll put it in red. Spiritual. You know, do you have the spirit to not care what other people think of you? You know, are you going to go with your intuition, your gut, your spirit? You know, the only reason I'm a rich man today is because I fell down so many times and stood back up. It was very lonely at times. You know, people call you stupid, a failure, but it was my spirit that kept me going. So really, if you can think about how you're going to change. Change is in your four different intelligences and we all have them. And the reason we created this cash flow game is simply because you can make mistakes in this game. You use fake money, use paper money, and you go around the game board. You make as many mistakes as you like using paper money and that gives you the courage so you can build up mental intelligence. So the reason we recommend the cash flow game, you play this 10 times and you teach 10 people, your life will be different because you're engaging mental, physical, spiritual emotion. Why do you need to teach 10 people? Because it's spiritual. You know, as you learn in school, in Sunday school, the more you give, the more you receive. And the reason, if you're poor and you're lonely and you're desperate today is because you're not giving. You're greedy, you're selfish, you're afraid, whatever the reason is. So the world has changed. And if you want to change, work on yourself. You can't expect the world to change. So that's why I would say for things to change, first, I must change. Thank you very much.
Dana
This podcast is a presentation of Rich.
Robert Kiyosaki
Dad Media Network.
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Host: Robert Kiyosaki
Date: October 15, 2025
Duration: Approx. 45 minutes
In this solo episode, Robert Kiyosaki delivers an unflinching breakdown of the mindset and systems that keep most people financially stuck—and reveals key steps for personal transformation. Drawing on decades of experience, his bestselling books, and his acclaimed “Cash Flow” game, Kiyosaki urges listeners to challenge conventional wisdom about money, understand the mechanics of true wealth, and cultivate the right kinds of intelligence and perspective to finally break free from the “rat race.”
Change:
The core thread throughout the episode is the imperative of change—not just in finances, but in thinking, language, and action. Kiyosaki contends that most people remain poor because they’re trapped by outdated beliefs, bad advice from “fake teachers,” and a system designed to funnel workers into dependency. He emphasizes:
"For things to change, first I must change."
(Robert Kiyosaki, 01:49)
The Difficulty of Change:
Kiyosaki explains that personal change is incredibly challenging—people resist because it's easier to repeat old habits.
"The most difficult thing for a poor person is stop being poor, and you can just keep doing the same old thing and wind up poor."
(02:13)
Conventional Advice is Outdated:
Following “go to school, get a job, save money, invest in stocks” leads many to trouble because the world has changed, but school teachings have not.
"You went to stupid schools. You know, they taught you to get a job, work hard, save money, get out of debt, invest in the stock market, and that's why they're in trouble today."
(03:32)
The Trap of Fake Money and Fake Teachers:
He argues most people are trapped by “fake money” (fiat currency), “fake teachers” (who don’t understand money), and “fake assets” (like stocks and government bonds).
"One of the reasons people are in trouble is our money is fake. The US Dollar is fake. It's a fiat currency. It's an IOU. It's printed out of thin air."
(04:56)
The Importance of Vocabulary and Understanding Assets vs. Liabilities:
Using the “Rich Dad, Poor Dad” framework, he reiterates that rich people focus on assets, while the poor focus on income and expenses.
"The rich don't work for money. The rich work for assets."
(09:32)
He emphasizes shifting away from calling liabilities “assets,” a common error that keeps people poor.
Focus on Financial Statements, Not Diplomas:
Bankers want to see your financial statement, not your degrees.
"The banker never asks you for your diploma. Your banker wants to see your financial statement. And 99% of you...you don't have one of these. You have a credit card, but you don't have a financial statement."
(13:32)
On Taxes and Debt:
Kiyosaki challenges commonly held beliefs about debt and taxes.
"If the dollar is debt, the US dollar is debt...that's free money. I borrow my ass off. So I borrow debt here. And I buy assets."
(15:39) "I don't pay taxes legally, that's called financial education."
(16:48)
Quadrant Overview:
"If you can do your job on your own, you're an S. If you need a job, you're an E. That's the difference."
(23:00)
Why Big Business and Inside Investor Quadrants Are Powerful:
To become truly wealthy, you must build or be part of a brand and become an inside investor.
On Being an Insider vs. Outsider:
"See, these guys...when they invest in the stock market, they're outsiders...when I invest, I want to be an insider."
(16:07)
The Power of Words:
"For things to change, first I must change. But this is a big change here...It starts up here."
(23:41)
Clear Breakdown of Taxes by Quadrant:
"These guys pay about 40% in taxes...these people here pay 20% in tax, and investors pay 0% in tax."
(27:42)
You Don’t Have to Choose Just One Quadrant:
Kiyosaki encourages listeners to diversify their approach: you can be in more than one quadrant.
The “Edge of the Coin” Concept:
True intelligence is the ability to see all sides—not just black or white, rich or poor, left or right.
"Intelligence is the ability to see both sides of the coin. So all coins have three sides. You have heads, tails, and the edge. Intelligence is when you're on the edge."
(32:00)
Deflation vs. Inflation:
In uncertain times, be prepared for either outcome and make decisions based on a comprehensive perspective.
Why He Chooses Gold, Silver, and Bitcoin:
Because they are "outside the government and banking system."
"Gold and silver, or God's money...it'll be here when we're all gone. I like bitcoin because bitcoin is people's money."
(34:34)
The Modern Slingshot:
Kiyosaki likens David’s slingshot to today’s smartphone for entrepreneurs.
"This is the most powerful tool created for entrepreneurs. You know, if you learn to use this and think like an entrepreneur, you can beat Goliath."
(36:35)
The Problem is Not Lack of Tools, But Mindset:
"Every homeless person I know has one of these. The trouble is they have one of these cell phones, but they don't have the information up here because they're still thinking like these guys here or they think like a homeless person."
(37:13)
Mental: Rational thought;
Emotional: Most powerful—fear, joy, sadness, and overcoming fear of mistakes;
Physical: Doing, not just reading or thinking;
Spiritual: The drive to persist and follow your intuition despite criticism or failure.
"The reason PhDs are poor is because they don't make mistakes. Because they live in fear. They cling to job security. They want that paycheck. They want that pension. They can't think anymore."
(35:38)
"The most important of all intelligences is this one here...Spiritual. Do you have the spirit to not care what other people think of you?" (41:30)
On Learning and Teaching:
Playing and teaching the Cash Flow game is recommended to develop all four intelligences.
"If you play this ten times and you teach ten people, your life will be different because you're engaging mental, physical, spiritual, emotion."
(43:19)
On Financial Change:
"For things to change, first I must change."
(Repeated throughout; central mantra)
On Money:
"The U.S. treasury bill, the T-bill. It's the biggest phony piece of garbage I've ever met. But millions of people my age, the baby boomers, they hold T bills."
(06:10)
On School and Poverty:
"If you're struggling today, it may be because you've been listening to poor, helpless and desperate people versus rich people financial statements."
(12:23)
On Taxes:
"The rich, as you know, don't pay taxes legally. You can be a cheat and not pay them illegally or you can do it legally."
(17:11)
On Mindset:
"The trouble with stupid, stupid school teachers and stupid people, they think there's only one answer. That's why we have fights. If you're going to be intelligent, look at both sides."
(31:53)
On Technology:
"This is the most powerful tool created for entrepreneurs...Think like this and use this as your little slingshot here."
(36:35)
Kiyosaki concludes by reiterating that the modern world offers vast opportunity, but only to those willing to challenge old beliefs, embrace a multidimensional intelligence, and take action. Change, he asserts, begins with mindset, vocabulary, and practical engagement—not wishful thinking or conventional schooling.
"The world has changed. And if you want to change, work on yourself. You can't expect the world to change. So that's why I would say for things to change, first, I must change."
(44:04)
For listeners and non-listeners alike, this episode is a direct call to self-honesty, practical education, and courageous action in pursuit of a radically different financial future.