RICH VS POOR MINDSET | An Eye Opening Interview with Robert Kiyosaki [Extended Version]

Summary

Ce script aborde la perception traditionnelle de la réussite financière et défie les idées obsolètes telles que 'aller à l'école, obtenir un emploi, travailler dur et économiser'. Il insiste sur l'importance d'un esprit entrepreneurial, de la maîtrise des connaissances financières et de la capacité à gérer la dette et les impôts. L'auteur partage des expériences de sa propre vie pour illustrer comment l'apprentissage de ces compétences peut mener à la richesse et à l'indépendance financière, malgré les défis économiques actuels et les imprévus.

Takeaways

• 📚 L'idée obsolète de 'aller à l'école, obtenir un emploi, travailler dur, économiser de l'argent, se débarrasser de la dette et investir à long terme sur le marché boursier' est remise en question, car elle ne tient pas compte de l'inflation et de la création monétaire massive.
• 💼 La mentalité de salarié, où l'on reçoit un salaire, est considérée comme un piège par le 'père riche', qui encourage à être entrepreneur et à ne pas dépendre d'un seul emploi.
• 💡 L'entrepreneuriat est présenté comme une mentalité, un ensemble de compétences et de règles différentes de celles des petites entreprises traditionnelles ou des employés.
• 🏦 L'auteur partage son expérience d'apprentissage sur l'argent grâce au jeu de Monopoly, qui a servi de base pour comprendre l'investissement immobilier et la création de valeur.
• 🌐 L'auteur met en avant l'importance d'avoir une vision globale et de comprendre que les marchés et les économies mondiales sont interconnectés et peuvent être affectés par des événements internationaux.
• 🚀 L'auteur exprime son optimisme face aux crises économiques, car il croit qu'elles présentent des opportunités pour ceux qui savent comment s'en sortir et même profiter de la situation.
• 💡 L'auteur insiste sur le fait que la richesse ne vient pas de travailler pour de l'argent, mais plutôt de créer des entreprises et d'acquérir des biens immobiliers qui génèrent des revenus passifs.
• 📉 Il est avancé que la dette et les taux d'intérêt peuvent être utilisés à l'avantage des entrepreneurs et des investisseurs, en particulier dans les périodes de faible taux d'intérêt.
• 🔄 L'auteur suggère que les idées traditionnelles sur l'éducation, l'emploi, la dette et l'épargne sont obsolètes et doivent évoluer pour s'adapter aux changements économiques modernes.
• 🌱 L'auteur utilise la métaphore de la métamorphose pour encourager les gens à utiliser les crises économiques comme une opportunité de transformation personnelle et financière.
• 🤔 L'auteur souligne l'importance de la réflexion interne et de la prise de contrôle de sa propre économie personnelle, plutôt que de se concentrer sur les aspects externes qu'on ne peut pas contrôler.

Q & A

Quel est le message principal du script concernant la façon de gérer l'argent et la richesse ?

Le script met en avant l'idée que les méthodes traditionnelles d'éducation financière et d'acquisition de richesse sont obsolètes et qu'il est essentiel de penser différemment pour devenir riche, en particulier en utilisant la dette et les impôts de manière stratégique.

Pourquoi l'auteur soutient-il que l'idée de 'aller à l'école, obtenir un emploi, travailler dur et économiser' est obsolète ?

L'auteur considère que cette approche est obsolète car elle ne tient pas compte de la manière dont l'économie mondiale a évolué, notamment avec l'impression massive de billets de banque qui diminue la valeur de l'épargne et la nécessité d'acquérir un esprit d'entrepreneuriat.

Quelle est la différence fondamentale entre un employé et un entrepreneur selon le script ?

Un employé reçoit un salaire et est soumis à la mentalité de dépendance envers l'argent, tandis qu'un entrepreneur a une mentalité de création de valeur, d'acquisition d'actifs et de prise de contrôle sur son propre avenir financier.

Pourquoi l'auteur insiste-t-il sur l'importance de ne pas être un 'esclave de l'argent' ?

Il soutient que ne pas être un esclave de l'argent signifie avoir la liberté financière et d'entreprendre, de se déplacer librement et de ne pas être contraint par des situations économiques ou géopolitiques.

Quel exemple est donné pour illustrer la différence entre apprendre des 'vrais professeurs' et des 'faux professeurs' ?

L'auteur partage son expérience avec son 'père riche' qui était un entrepreneur et qui a appris les aspects pratiques de la gestion financière à travers des interactions avec ses comptables, avocats et banquiers, opposés aux enseignants d'école qui enseignent des sujets sans les pratiquer.

Quelle est la leçon clé que l'auteur a tirée de son expérience de jeu de Monopoly avec son 'père riche' ?

La leçon clé est que le jeu de Monopoly simulait la stratégie d'acquisition d'actifs réels, montrant comment passer d'une simple propriété à un hôtel plus grand, ce qui a été un modèle pour son 'père riche' dans ses investissements immobiliers réels.

Pourquoi l'auteur croit-il qu'il est préférable d'être en dette que de chercher à se débarrasser完 de la dette selon les idées traditionnelles ?

Il soutient que savoir utiliser la dette peut être un outil puissant pour l'acquisition d'actifs et la création de richesse, surtout dans un environnement où l'inflation réduit la valeur de l'argent épargné.

Quel conseil donnerait l'auteur à quelqu'un qui envisage de faire le saut en tant qu'entrepreneur ?

L'auteur conseille de ne pas avoir peur de l'échec, mais plutôt de voir l'échec comme une opportunité d'apprentissage et de croissance, et de ne pas accepter de revenir à une situation de sécurité si l'échec survient.

Quelle est la métaphore utilisée par l'auteur pour décrire le processus de transformation financière ?

L'auteur utilise la métaphore de la métamorphose, comme la transformation d'une chenille en papillon, pour décrire怎么样一个人可以由 une situation financière précaire à une situation de richesse et de succès.

L'auteur mentionne-t-il une prévision économique globale qui le préoccupe. Quelle est-elle ?

Oui, l'auteur exprime sa crainte qu'on puisse être en train de tomber dans une dépression économique mondiale due à l'impression massive d'argent et à l'endettement sans précédent.

Quel conseil l'auteur a-t-il reçu de son 'père pauvre' concernant l'apprentissage du management de l'argent ?

Le 'père pauvre' de l'auteur l'a conseillé d'apprendre de son meilleur ami Mike et de son père, un entrepreneur, car les employés ne sont pas censés savoir gérer l'argent tandis que les entrepreneurs doivent avoir ces connaissances.

Outlines

00:00

🤔 L'obsolescence de la mentalité traditionnelle de la richesse

Le premier paragraphe aborde la notion obsolète d'aller à l'école, de travailler dur, d'économiser et d'investir dans le marché boursier à long terme. Il critique l'idée de dépendre d'un salaire pour vivre, soulignant que cela crée une mentalité d'employé. L'auteur partage l'histoire de son 'père riche' qui l'a enseigné à ne pas dépendre d'un salaire, mais plutôt d'acquérir une mentalité d'entrepreneur, qui implique de comprendre et de maîtriser les aspects financiers de la vie, y compris la gestion des entreprises et des investissements immobiliers.

05:00

🎲 Apprentissage de la richesse à travers le Monopoly

Dans le second paragraphe, l'auteur explique comment son 'père riche' l'a guidé à travers le jeu de Monopoly pour comprendre les concepts de richesse et d'investissement. Il relate comment son 'père riche' a appliqué ces stratégies dans la vie réelle, en acquérant des biens immobiliers et en devenant propriétaire d'un hôtel sur la plage de Waikiki. L'auteur insiste sur l'importance de l'éducation financière et la préparation à un avenir économique incertain.

10:03

💡 L'importance de la transformation financière personnelle

Le troisième paragraphe met en évidence le choix entre devenir une victime ou un entrepreneur. L'auteur partage son expérience de rupture avec le système salarial et les leçons apprises sur l'utilisation de la dette et des impôts pour améliorer sa situation financière. Il encourage à voir les difficultés économiques comme une opportunité pour évoluer et à adopter une mentalité proactive face aux changements.

15:04

📈 Comprendre l'impact de la dette et des impôts sur la richesse

Dans le quatrième paragraphe, l'auteur discute de la manière dont la dette et les impôts peuvent être utilisés pour enrichir les riches et appauvrir le milieu et les classes moyennes. Il partage son approche pour utiliser la dette à des taux d'intérêt plus bas et pour investir dans le immobilier afin de bénéficier de l'inflation monétaire. Il met en garde contre les idées obsolètes sur la richesse et la sécurité financière.

20:05

🧠 La différence entre une éducation formelle et une éducation financière réelle

Le cinquième paragraphe critique le système éducatif traditionnel pour ne pas enseigner les compétences financières essentielles. L'auteur partage comment son 'père riche' a acquis ses connaissances en devenant un entrepreneur et en apprenant de ses collaborateurs, tels que son comptable et son avocat. Il insiste sur la nécessité d'avoir une mentalité entrepreneuriale et de se concentrer sur l'apprentissage continu.

25:10

🏆 Trouver son propre chemin vers la richesse

Le sixième et dernier paragraphe encourage les jeunes à trouver leur propre 'jeu' ou domaine dans lequel ils peuvent prospérer financièrement. L'auteur conclut en soulignant que la richesse et le succès ne sont pas un jeu de hasard, mais plutôt le résultat d'une éducation financière solide et d'une mentalité proactive.

Keywords

💡Entrepreneur

Un entrepreneur est une personne qui crée une entreprise ou qui assume les risques d'une entreprise existante avec le but de réaliser un profit. Dans le script, l'entrepreneuriat est présenté comme une mentalité et un ensemble de compétences qui permettent de ne pas dépendre d'un salaire fixe, mais de créer de la valeur et de la richesse par soi-même. L'exemple donné est celui du 'rich dad' qui n'a pas payé son fils pour enseigner l'importance de ne pas être esclave de l'argent et de trouver des moyens de gagner de l'argent sans salaire.

💡Mentalité

La mentalité est l'ensemble des attitudes, croyances et pensées qui influencent le comportement et les décisions d'une personne. Le script insiste sur l'importance d'une mentalité entrepreneuriale pour réussir dans la vie, en se concentrant sur l'apprentissage continu, l'innovation et la prise de risques calculés. La mentalité est décrite comme étant plus importante que les compétences techniques ou les connaissances spécifiques.

💡Richesse

La richesse fait référence à la possession d'une grande quantité de biens matériels ou immondiaux. Dans le contexte du script, la richesse est associée à la capacité de s'acquérir et de gérer efficacement des actifs, comme le montre l'exemple du 'rich dad' qui a investi dans l'immobilier et a créé de la valeur à long terme, plutôt qu'à la simple accumulation de revenus.

💡Dette

La dette est une obligation financière contractée par une personne ou une entreprise pour couvrir ses dépenses. Le script suggère que, contrairement à la croyance populaire, il est possible d'utiliser la dette de manière stratégique pour créer de la richesse, en investissant dans des actifs qui apportent des rendements supérieurs au coût de la dette, comme l'immobilier.

💡Investissement

L'investissement est le placement de fonds dans un actif avec l'espoir de réaliser un profit à long terme. Le script met en évidence l'importance de l'investissement dans des actifs comme l'immobilier, qui peuvent offrir une croissance de valeur et un revenu passif, plutôt que de dépendre uniquement des intérêts bancaires ou des marchés boursiers volatils.

💡Crash boursier

Un crash boursier est une chute soudaine et importante des valeurs boursières. Dans le script, le crash boursier est vu comme une opportunité pour les entrepreneurs expérimentés pour investir en temps de baisse du marché, en utilisant la volatilité à leur avantage pour acquérir des actifs sous-évalués.

💡Sécurité

La sécurité est l'état d'être protégé contre les dangers ou les incertitudes. Le script mentionne que les classes moyennes cherchent souvent la sécurité à travers un salaire stable et un emploi traditionnel, mais que cette sécurité peut être un piège qui empêche de prendre des risques et de potentiellement créer de la richesse.

💡Pas de travail

Le 'pas de travail' fait référence à la perte d'emploi ou à la réduction des opportunités d'emploi. Dans le script, cela souligne la vulnérabilité des personnes qui dépendent d'un seul salaire pour leur rémunération, par opposition à ceux qui ont une variété de sources de revenus et d'actifs.

💡Éducation financière

L'éducation financière est l'apprentissage des compétences nécessaires pour gérer de l'argent de manière responsable. Le script critique l'absence d'une véritable éducation financière dans les systèmes éducatifs traditionnels, qui ne préparent pas les individus à comprendre les aspects pratiques de la gestion de la richesse et de l'investissement.

💡Changement

Le changement est le processus par lequel une situation, une condition ou une mentalité est remplacée par quelque chose de différent. Le script utilise le concept de 'métamorphose' pour illustrer l'idée que les crises financières et économiques peuvent être des opportunités de changement positif, permettant aux individus de se transformer et d'acquérir de nouvelles compétences et perspectives.

Highlights

The most obsolete idea is the traditional path of going to school, getting a job, working hard, saving money, getting out of debt, and investing in the stock market.

The gap between the one percent and the 99 percent is massive, highlighting the need to rethink traditional financial strategies.

The concept of being an entrepreneur is not just about running a business, but adopting a mindset and skill set that differs from that of an employee.

Rich dad's philosophy emphasizes that taking a paycheck can lead to an employee mindset, which is not conducive to wealth accumulation.

Entrepreneurs should not be dependent on a paycheck and should instead focus on creating wealth through business ventures.

The government dictates what can be taught in schools, often omitting crucial subjects like financial literacy.

Learning about money and financial management should be a priority, but traditional education systems often fail to address this.

The author's rich dad taught him about money through practical experiences and games like Monopoly, rather than through formal education.

The game of Monopoly serves as a metaphor for acquiring wealth through real estate, a strategy that can be applied in real life.

The author's rich dad used real estate investments to amass wealth, demonstrating the power of assets over traditional employment.

The current economic climate is unprecedented, with the potential for a global depression, which could disproportionately affect the average worker and small business owner.

The national debt is growing at an alarming rate, with implications for the value of money and the effectiveness of traditional saving strategies.

Metamorphosis in financial education involves transforming from an immature financial mindset to a more mature, wealth-generating one.

The author emphasizes the importance of an internal focus and mindset in achieving financial success, rather than relying on external circumstances.

Learning how to use debt and taxes to one's advantage is crucial for wealth accumulation, contrary to the common advice of getting out of debt.

The rich get richer through the strategic use of debt and taxes, while the middle class and poor are often burdened by them.

The idea of working hard and saving money is becoming obsolete in the current economic climate, necessitating a shift in financial strategies.

The author suggests that finding a real teacher who practices what they teach is essential for learning about money and business.

The mindset of poverty is often passed down through families and can be overcome by adopting a more entrepreneurial attitude.

Transcripts

the most obsolete idea

is go to school get a job work hard save

money get out of debt and invest for the

long term in the stock market

so why would you save money when they're

printing trillions of dollars

the gap between the one percent and 99

is massive

you see it's not just money you have to

step back and look at the bigger picture

so what do you do

and every one of us is a poor person

there's still a poor person inside me

there's also a middle-class person and

the middle-class persons want security

they want that steady paycheck

and there's a rich person

and

they're all inside of us except that

it's not taught that you're taught to go

to school get a job and get a paycheck

you're not taught how to get rich

if you're read rich dad poor dad my rich

dad refused to pay me

he said the paycheck was one of the most

damaging things you can take in your

life

he says the moment you take a paycheck

you're an employee and that's the

mindset

so my rich dad never paid me he drew up

my poor dad you know government employee

nuts you got to pay people you got to

pay people

and rich dad was not saying that the

paycheck was bad he says you air he

didn't want to be a slave to money

so as an entrepreneur you know if rich

dad

folded i just start another company i

don't need a paycheck

i don't need anybody to take care of me

if my government doesn't like me i move

to another country because they need

entrepreneurs

so the entrepreneur is not so much the

business the entrepreneur is really the

mindset and the skill sets

and the different set of rules

you see i don't operate

small business does not operate in the

same roles as big business

entrepreneur is a mindset first

a skill set

and rules

and depending upon whether you're

employee or small business the roles are

different

the mindsets are different the skill

sets are different

do the rich people cringe and say don't

tell them that yes yes yes don't tell

people but what you know keep them poor

[Music]

my father was the head of education

phd all that stuff i go home and ask him

i said why don't we learn about money in

school

and he looked at me says because the

government doesn't let us teach that

subject

the government tells us what we can

teach and what we can't teach

and i thought that was strange and i

said but

aren't we going to school to learn about

money he says no

your job is to get a job

i said but you get a job to

earn money

he goes no you're supposed to just get a

job i'm like no no no no no

isn't the purpose of a job to earn money

he goes you're correct

i said so why don't i just learn about

money i can skip the job part you know

and he got flustered and he said you

want to learn about money why don't you

ask your best friend's father about

money

and i said why that's mike so i asked

him

he says because mike's father is an

entrepreneur

and i said what am i what are you he

says i'm an employee i'm a government

employee

i went

oh what's the difference

this is the difference is an

entrepreneur must know about money

or that they're no longer entrepreneurs

and he says an employee doesn't have to

know anything about money

because the government will take care of

the company will take care of them

so i'm kid i'm all confused

but i took my dad's advice and i

trundled over to mike's father's office

and knocked on his door and i said hey

i'm here nine years old teach me about

money he says beat it kid you know

but that's what this toy refrigerated

poor dad started and finally through

persistence my rich dad started teaching

me about money on one condition

and that condition was he would never

pay me

he says the moment i pay you you think

like an employee

he says that's the trap

entrepreneurs work for free

and now i'm nine years old my head's

going cracking in half

he says you never want a paycheck you

understand that kid

he said okay i got it

and he said well how do i make money he

says

that's what entrepreneurs figure out

it's like

so how do i learn about money so he

would just break out a monopoly game

board so i would work for free and pick

up cigarette butts and get hotels and

restaurants and i would clean and do

menial tasks and as i got older i

started getting into office work and

marketing and accounting and i was an

apprentice basically but i always worked

for free

and he would teach me about money but

the way he taught me about money was

playing monopoly

and that's finally one day i got upset i

said well when are you going to teach me

about money he says what do you think

we're doing

[Music]

we're playing monopoly he goes no no no

no

what do you think we're doing

we're playing monopoly says what do you

think we're doing

because i don't know i'm teaching about

money

[Music]

and then that's when you know you have

one green house you know he says

there's many formulas for great success

and money there's thousands of them but

one of the best ones founded on the game

of monopoly still is today

four greenhouses one red hotel

said what

he says one of the greatest ways to

acquire great wealth is playing monopoly

in real life four greenhouses one red

hotel

but is that all there is he goes

that's it

and he says what do you think i'm doing

and i went

i don't know

so then he took me out he showed me his

greenhouses

and 10 years later when i was 19 i was

now in school in new york

and i come back to hawaii and rich dad

had bought

the biggest piece of land smack dab in

the middle of waikiki beach

and when you go to waikiki beach today

you'll see the hyatt regency hotel

that was his hotel just like the game of

monopoly just like the game of monopoly

acquired assets and they became bigger

assets he just kept

what's called an assemblage because

that property wasn't that big at the

time so he had to buy out all the small

guys

because waikiki was a little dirt water

little town

so he'd buy out this shop owner by that

shop owner

and it took him a while but he finally

assembled this large piece of property

and then he

then he and hyatt

put up this giant hotel

you know i just and it just sold for 800

million dollars

so

that's how i learned about money

the reason i wrote rich dad poor dad was

because i knew this time was coming

and we have as a world i've never been

here before

and so is it a spooky time damn yet it

is a

it is probably the most dangerous time

ever ever ever ever there's nothing to

compare it to

because there's never been a world

economy before for example

you know 100 years ago if there was a

stock market crash in england didn't

affect anybody

but now the u.s market goes down the

world goes down

so plus with social media and all this

we're doing now and

so we've never been here before

and uh you know i i'm excited about it

because i make more money in crashes

than i do when they go up

so but for the average person they'll

get wiped out i'm afraid that the worst

i hope i'm wrong but i think we're

heading for a global depression

how does this play out for the average

worker robert for the small business

owner i mean what does the next three

months look like because it doesn't look

pretty i mean people are already being

laid off made redundant businesses are

there's no cash flow in most of these

businesses how does that play out

well let me give one one more step just

to give you the size of it okay

the national debt for world war ii was

25 billion

every day today

every day they're printing

125 billion

every single day that's like five world

war twos per day they're printing so

much money to keep this boat this thing

of a hot air balloon with a tear in it

and they're doing desperately trying to

fix this tear but no matter how hard

they try the tear has gone beyond it's

coming down

so in in financial terms it's called our

debt to deep gdp has now gone from 60 to

90 to 105 it's going to 120. we're

bankrupt and they're going to print more

and more money which means savers are

losers just as i predicted your money is

going to be worthless in a few years

so my message is the same as some of

your other guests this is metamorphosis

type financial education in rich dad's

terms is really financial transformation

and the definition of metamorphosis is

very important

metamorphosis the definition is the

evolution or the transformation

from an immature form

to an adult form

an immature form

to an adult form metamorphosis is the

same as a caterpillar turning into a

butterfly

and fuller always says there's nothing

to predict

a butterfly inside a caterpillar

so everybody listening right now if

you're struggling financially just look

at yourself as a little caterpillar

and this crisis is your cocoon the

question is what do you emerge as

do you emerge as a victim you know the

world did to me and the capitalists are

crooks and the rich are bastards and all

this stuff or do you say oh

this is the best thing that ever

happened to me the same as my health i

am ground zero for the coronavirus all

that it does is inspire me to get

healthier

you're either gonna get healthier and

wealthier or you're gonna go bust

your choice it sits between your ears

your heart your body your mind your

spirit your attitude

this could be the best thing that ever

happened to you physically mentally

emotionally spiritually if you turn on

to a butterfly

or somebody will step on you like a

little worm

it's your choice

[Music]

you could say one thing to somebody

who's never been an entrepreneur and

they're thinking about making the leap

of faith into becoming an entrepreneur

what could you tell them

well i'll just tell them the same thing

that happened to me

you know

my last paycheck i still remember it

clearly

it was one of the worst and the best

days of my life and i was in puerto rico

i was in i was working for xerox

and my boss gave me my last it wasn't a

paycheck was a bonus check i think it

was about 30 000 bucks

taxable it's the only problem with that

so i got this check and i went holy

mackerel

you know what i mean so i was excited

but i was also disturbed and so this

other guy comes up to me his name was

john and john says to me says you're

going to be back i said why he says

because you're going to fail

i looked at him and said look

a few expletive words

because that's what he did he left xerox

failed he came back

and i said look

you failed and you come came back

but i'm gonna fail and i'm never coming

back

and that's the attitude

do i mean if if you say well if i fail

i'll go back to mommy and daddy then

that's what you'll do

so if you fail that's when i became an

entrepreneur because i had no money i

had no money for years

you know i didn't have a paycheck

but that's what my rich dad encouraged

me to do is when you're when you don't

have this paycheck you get hungrier

smarter and use a test of your character

will you become a crook where you become

dishonest will you cheat and steal or

will you become a better human being so

really that's the benefit of becoming an

entrepreneur is you really find out who

you are

when you don't have anything

you always have to look at the big

picture too many people look at well

what's going to happen to me well you

look at the big picture you're also

going to know

that when something bad happens

something good is going to happen

but you got to prepare for whatever is

coming

if you think next 20 years will be like

the last 20 years you got creamed you

know when you and i go to the

supermarket and we buy a carton of milk

we always check for the expiration date

but most people do not check for the

expiration date on their brains

instead of get out of debt i get into

debt

i just refinanced 300 million in debt i

went from five percent to two and a half

percent interest i made a fortune every

month more money comes in because my

cost of money has gone down

so while some financial experts are

saying get out of debt i'm saying learn

how to use debt

so when i came back from in vietnam in

january of 73 the first thing my rich

dad said to me was go to school to learn

how to invest in real estate it wasn't

real estate it was how to use debt and

taxes

debt and taxes make the rich richer

debt and taxes make the poor middle

class poor so all the rich guys who are

doctors and lawyers or

you know those guys they're getting

creamed and they don't know why doctors

are getting creamed oh yeah they're

making more money but the take-home is

less sure you know my doctor just yelled

at me he's happy he says oh guess what i

finally made a million dollars

and i said yeah this was just three

weeks ago

and so i said yeah well how much you pay

in tax he says 750 000 in taxes

so his net was about 400 000 that's not

bad

but when i make a million bucks i keep a

million bucks

and the reason is because i don't make

it by working for money see if you work

for money you're taxed

so that's why lesson number one in rich

ted poor dad is the rich don't work for

money what we do instead is we create

businesses as entrepreneurs we acquire

real estate i don't invest in the stock

market

so the reason is because as

entrepreneurs i have more control

over my income how much i make and how

much i pay in taxes and because i'm an

entrepreneur as well as an investor in

real estate i pay zero tax so every time

i make let's say a million dollars as an

entrepreneur

i immediately invested in real estate i

have a four to one step up so i put a

million dollars in real estate i get

four million from the bank that's why i

love banks but the banks are screwing

everybody else you know terrible but

it's good for me

that's why you say when you print it's

good for you but when you print it's bad

for people that work for money because

when you print savers get creamed and

people who work when they get creamed

when they print debtors get rich

you see

debt and taxes make the rich richer

and debt and taxes make the poor middle

class poorer

when we have obsolete ideas we get

obsolete results

so what's happening for most people the

idea of going to school

getting a job working hard saving money

getting out of debt buying your house

because it's an asset investing for the

long term

is obsolete

the world has changed the world change

in 1971

when president nixon took us off the

gold standard and money became debt

what if we get rid of school then what

would happen would it be better if we

had no educational system at all no i'm

saying education is more important

before it's just obsolete you know

there's moore's law that

moore's law which states information

doubles every 18 months in other words

everything's obsolete 18 months

so and this is a recent phenomenon so

when you come out of school you're

already obsolete and that's why i'm the

old guy you know i meet my friends who

went to harvard see i went to harvard i

said

yeah that was how long 50 years ago

today

the banks are charging you interest to

save money in other words banks don't

want your money because they printed too

much of it

and that's why this is bubbles and

stocks and bubbles and real estate and

all this people are dumping the cash

because as i said in here savers are

losers and cash is trash

and yet people want a high paying job

well that's an obsolete idea get out of

debt is an obsolete idea you should

learn how to get into debt how to use

debt to get rich and they'll never teach

you about taxes the reason the one

percent is way up here and the 99 are

going this way is because when you print

money two things happen inflation in

taxes it's crushing

and any entrepreneur thinks i'm just

going to make money i'm going to start a

business and make a lot of money because

we talk about

they really have got to smell the roses

man

you know that's not what the real

entrepreneurs are doing most

entrepreneurs there's 28 million small

business owners in america

24 million are what are one person

entrepreneurs

they're called non-employee

entrepreneurs

so because and that's what happens is

when people don't really understand what

an entrepreneur does

so most big people are self-employed but

they're not really entrepreneurs

the self-employed paid the highest taxes

of all

and nobody tells them that

yeah it's also called the

entrepreneurial spirit

but what we were actually talking about

was there's no such thing as a bad

economy

you know those external you and i we all

have an external economy

but we also have an internal economy and

the willpower is to change our internal

economy

so for me

i can see the good and i can see the bad

i don't really give a damn

because i'm going to be rich anyway but

a poor person with a poor personal

economy all they're going to see is a

bodyguard

because they don't know how to make

money in any economy

and a middle class person they have a

middle class economy you know that what

they want is a nice house a steady

paycheck

and the job and the car

and so when you take their job away to

them that's disaster

well since an entrepreneur doesn't have

a job anyway it's no big deal

so all i'm saying to people is what

bucky fuller taught me

is always two sides you know i mean you

know to use plural at minimum two so if

you think the economy is bad it's

because your economy is bad

if you think that steady you know

employment is important

then you'll see an an economy without

jobs

your economy versus the external economy

will you control versus where you can't

continue i can control yeah it's called

it's called an internal focus

versus an external focus

so the real entrepreneur has an internal

focus that if they fall down they say oh

this is good

because i'm going to go up higher

you know the average person will fall

down say oh i'm going to take some

prozac or or or somebody has the

mistakes all the mistakes don't matter

well mistakes mistakes matter it means

you didn't know something

but a real entrepreneur whether they

fall down they go they're always can go

up they can stand back up and go higher

but no matter what happens to them they

get stronger and better and smarter and

happier

but person with a weak internal mindset

is that they're so afraid of what

happens it generally happens like you

know people are afraid of losing their

jobs they generally lose their jobs

i mean yeah so it's that so you can

control you yeah so the entrepreneur

first job is a control inside here not

outside there

the moment you take that paycheck you're

an employee

you've got to be stronger than that it's

about inside control

i've had

financial crashes i've had people stab

me in the back

but they're all good

because i grow from it that's

spirituality you know people who are

afraid of making mistakes like they

teach in school they don't ever grow

because spirituality is there's good and

there's bad there's right and there's

wrong there's up and there's down

most people only want to be right they

only want to be positive well you can't

have that that's not reality

well i wasn't poor by most people's

standards

but i came from a family with a poor

attitude if you know what i mean

because

rich poor middle class poverty starts

with a fundamental attitude

poverty is passed on

it's taught in your families

and middle class is taught in families

and so the people right now who are

sitting at home

who are struggling financially or

worried about money or

unhappy they may be making a lot of

money but unhappy with what they're

doing

it was probably taught to you

you know your super ego was taught

get a job work hard or or you'll never

be rich or the rich or evil or whatever

the school system will never teach you

about money the school system was

designed to teach you to be an employee

which is important or a doctor or a

lawyer a specialist

but never about money

and what most people lack is real

business knowledge

like accounting

you know like debt like taxes

you gotta know that stuff but they don't

teach it in school to anybody

so and then when people ask me how did

your rich dad learn

this when your poor dad a they didn't

and the answer is very simply my rich

dad was my best friend's father his

father died when he was 13.

so his so rich dad had this family

business at 13 to run

so he had to drop out of school which

was his blessing

you know those blessings and

you know sometimes the blessing doesn't

look like a blessing but it turned out

to be a blessing

and then his teachers became his

bookkeeper his accountant his attorney

his bankers his real estate agents so he

has what i call real teachers not these

fake teachers in school

you see most teachers in school

they're out of ethics they teach

subjects they don't they themselves

don't practice

i asked the teacher i said you know i'm

in my third year of calculus now it was

called it was called strength of

materials

i said am i ever going to use this stuff

he goes

no

you know i said why do you teach it

as i get paid

he said do you ever use it he goes no

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and that's why

you know you have to in life one of the

things i suggest to people you gotta

find a real teacher versus a fake

teacher

and a fake teacher is somebody doesn't

do what they teach

and a real teacher is doing what they

teach every day so my accountants

my attorneys they're in it every single

day that's how i learn because every day

i'm solving problems in my business

so i have i have accountants and

attorneys and bankers and all these

people on speed dial

because i'm i'm solving problems with my

team

i see you giving this knowledge out and

yeah do the rich people cringe and say

don't tell them that yes yes yes don't

tell people but they what you know keep

them poor

but you know unfortunately the poor

as was in the bible i'm not real

religious the poor will always be

amongst us because it starts up here

right it's that fear mentality

it's it's in their words you know and

the words become flesh god not really

religious i flunked out a sunday school

also

but when they say i can't afford it or i

can't do that

they go down

they become what they say

my phd daddy says what do you think i am

made of money i can't afford that and my

rich dad would say

that's why he's poor

poor people say i can't afford it i

can't do that i don't have time

because this is escape

it's an escape you know i mean it's easy

to say i can't afford and your rich dad

used to say what instead of i can't

afford it

how can i afford it

how can i do that you know what would it

take or why should i do that

he says a question opens a mind a

statement closes the mind see when you

say i can't afford it your mind shuts

down and you become what you say

rugby is a team sport but so is soccer

the roles are different and other people

are golfers they play by themselves

and so everybody's different

so my game financially is business

number one second is real estate

so what i say to young people is you

find your game

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you