Rich Dad Poor Dad author Robert kiyosaki with SeeKen podcast | BOOK PODCAST episode 1

Summary

In this inspiring interview, the guest expresses gratitude for the impact of 'Rich Dad, Poor Dad' on his life and career. The discussion delves into the stark disparities between the rich and poor, the importance of financial education, and the value of assets like silver and gold. The guest shares insights on salesmanship, the power of serving others, and the pitfalls of traditional education. He also touches on politics, corruption, and the merits of capitalism, advocating for a mindset shift from 'I can't afford it' to 'How can I afford it?', emphasizing the significance of financial literacy and entrepreneurial spirit.

Takeaways

• 📚 The speaker expresses gratitude for the impact of 'Rich Dad, Poor Dad' on their life and emphasizes its importance as a foundational book for financial education.
• 🌏 The speaker discusses the disparity between the rich and the poor, not just in India but globally, including in the United States, and attributes part of this to a lack of financial education.
• 💰 The speaker criticizes the concept of fiat currency, stating that it's 'fake' and contributes to keeping people poor, advocating for assets like silver and gold as 'God's money'.
• 🏆 The speaker shares personal success with investing in silver and gold mines, highlighting the importance of focusing on assets rather than liabilities.
• 🤔 The speaker questions the current education system, pointing out that it often fails to teach about money and financial literacy, which is crucial for success.
• 💼 The speaker shares insights on entrepreneurship, stating that it's more about learning to sell and serve others than about formal education or avoiding debt.
• 📘 The speaker admits to not being a great writer but became a best-selling author by learning how to sell, emphasizing the importance of sales skills over literary talent.
• 🌐 The speaker touches on political topics, expressing opinions on various leaders and their economic policies, particularly criticizing actions that increase poverty and homelessness.
• 🚀 The speaker encourages a mindset shift from saying 'I can't afford it' to figuring out 'how can I afford it', as this mindset change can lead to wealth creation.
• 🛫 The speaker discusses personal luxuries like owning jets and the importance of setting high standards for oneself, rather than settling for less.
• 📈 The speaker mentions their interest in cryptocurrencies, particularly Bitcoin, and how they acquired it through understanding market trends, showcasing the value of financial education.

Q & A

What is the significance of the book 'Rich Dad Poor Dad' in the speaker's life?

The book 'Rich Dad Poor Dad' played a pivotal role in the speaker's life, as it helped him change his life perspective on wealth and success. It is considered an all-time favorite and is the first book he recommends to others for its potential to inspire a change in mindset towards money and financial education.

How does the speaker view the wealth disparity in India and other countries?

The speaker observes that wealth disparity is not unique to India but is also prevalent in America and other places. He attributes the growing issue of slums and homelessness to a lack of financial education and the devaluation of currency, which he refers to as 'fake money'.

What is the speaker's opinion on the value of financial education?

The speaker strongly advocates for financial education, stating that it is essential to understand the difference between working for money and having money work for you. He believes that without financial education, people can fall into poverty despite their hard work.

What assets does the speaker recommend focusing on according to the transcript?

The speaker recommends focusing on assets such as silver and gold, which he refers to as 'God's money'. He believes these precious metals are real assets that can attract wealth, unlike fiat currency which he views as less stable and valuable.

How does the speaker describe his experience with the education system and its impact on his life?

The speaker shares that he flunked out of high school due to his inability to write well. However, he became a best-selling author after learning how to sell, emphasizing that selling skills are crucial for success, not necessarily writing abilities.

What advice does the speaker give for becoming a successful salesman?

The speaker suggests focusing on serving fellow human beings as the key to becoming a successful salesman. He believes that the more people one serves, the more effective and potentially wealthy one can become.

What is the speaker's stance on the current state of politics and corruption?

The speaker criticizes the corruption he sees in politics, stating that it is not capitalism that people dislike, but rather the dishonest practices that come with it. He emphasizes the importance of financial education to protect oneself from such corruption.

How does the speaker view the role of debt in wealth accumulation?

Contrary to traditional advice, the speaker sees debt as a tool for wealth accumulation. He explains that using debt allowed him to become rich, especially after President Nixon took the dollar off the gold standard in 1971.

What is the speaker's opinion on cryptocurrencies?

The speaker does not express a clear stance on cryptocurrencies in the transcript. However, he does mention owning 60 Bitcoins, which he acquired through technical trading and market trend analysis.

What alternative learning methods does the speaker recommend for financial education?

The speaker recommends using platforms like YouTube for learning, as it provides access to a variety of teachers and perspectives. He believes that self-education through these platforms can be a powerful tool for acquiring financial knowledge.

What is the speaker's final message about mindset and wealth creation?

The speaker's final message emphasizes the importance of a positive and proactive mindset in wealth creation. He advises people to shift from saying 'I can't afford it' to figuring out 'how can I afford it', as the former mindset perpetuates poverty while the latter fosters wealth.