Robert Kiyosaki on Financial Literacy, Wealth Building, and the Failure of Education

I sat down with Robert Kiyosaki, author of "Rich Dad Poor Dad," to discuss his perspective on financial literacy, the future of the economy, and why most people have been misled about what it takes to build wealth. He explains how the traditional higher education path misleads average Americans about where to find real opportunity and leaves them unprepared for economic realities. Robert has found success leveraging debt to build assets that generate cash flow and highlights how the rich use these strategies to get wealthier while the middle class struggles. He also discusses the looming financial challenges for Baby Boomers and why the global economy is on the verge of a major shift.

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Outline:
[0:00] Our financial system is run by smart idiots
[3:51] The most important piece of financial literacy
[9:38] The rich don’t work for money, they create assets
[16:40] Marxist schools can’t teach financial literacy
[20:39] Assets, debt, and cash flow
[23:52] Financial success is about emotional strength
[28:48] Seek out the best teachers
[34:28] Leaders unite and focus the group
[36:51] Did Boomers actually ruin everything?
[42:39] Make the most of surprise opportunities

Dad Saves America explores the philosophies and practical steps we need to raise capable, curious, independent adults ready to thrive in a virtuous free society... and want to keep it that way.

We’ve had many experts in the studio, including Jonathan Haidt, Dr. Drew Pinsky, Troy Kotsur, John Mackey, Ben Askren, and Adam Carolla.

#richdadpoordad #financialliteracy #personalfinance

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[PASCALDAB]

The actions or steps you do to attain success determine its outcome. Developing sound habits, such as consistently setting aside money for reliable investments at regular periods, is essential to accumulating wealth. I hope that everybody who reads this will have success in life because financial management is an important subject that most people avoid and that will eventually come back to haunt them.

[Ji-Min-jb]

This is quite educational, Taking early notes as to the importance of financial literacy, sound asset diversification and risk management It can’t be overstated. I’ve been trying to grow my portfolio of $300K for sometime now, I would greatly appreciate any other suggestions.

[AndersonFair-cybb]

I'm a 52-year-old QA Specialist at Confluera, earning $150, 000 annually. While I have a retirement account, I'm eager to explore short-term investment opportunities before transitioning to part-time work in the coming years.

[OscarBarnabyk]

Investments are the roots of financial security; the deeper they grow, the stronger your future will be."

[DonaldMark-nese]

Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.

[Aurelijegas]

I thought I understood success, but after I read the books on nixorus, everything I knew felt incomplete.

[CatherineSorloth]

I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying it’s ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.

[MikeW-tl]

He once talked about the book Forbidden Laws of Wealth by Victor Hayes and can’t believe how underrated it is. The insights in this book are game-changing definitely deserves more attention!

[thomastembo]

This is one of Kiyosaki's best interviews. The flow was on point, and you let him speak which other podcasters struggle with.

[Wood-Je]

After investing from my salary of 350k for 4 years, I've only made about 8% total, or 2% per year, which my friends say is very low. My employer 401k of $220K returns about 4%. What would you advice to do with my portfolio for improved returns?

[dtrfgr]

He's asked "what should a regular person do with their money right now?" and he completely dodges the answer. The regular person can't buy into a lithium mine or borrow millions of dollars to buy assets during a crash. There may be some wisdom here, but this interview is mostly useless to us.

[Bako-bj]

There are many differing viewpoints regarding equities and their projections for the next years; I strive for short-term substantial returns from market corrections, and I'd surely get on the boat if I knew anything about day-trading. I'm just searching for the appropriate moves to increase and protect my $490k reserve from inflation.

[CameronFussner]

I wish i learnt most of these principles about seven years ago. A lot of people have been trapped strongly in the matrix-- Go to school, get a job, and then slave your whole life. Many miss out on life-changing information that could have great effect on their finances. Sometimes Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

[ChrystianSamame]

How can i be able to invest with out encountering any form of loses

[josephstupar]

Read rich dad poor dad in early 2020, spent the whole spring and summer obsessively learning about investing and real estate taxes. I then bought 5 properties in under 3 years starting in October 2020. Had my 1st kid in 21 my second this year. We now have money working for us. 26 and excited for the future. Trust me 70-90 hour of working for years. It was worth it. Take your finances serious until you reach 100k net worth. Then 250k net worth you can really start to relax. Transfer as much money into real assets. Real estate, gold,

[kristinwannemuehler]

My father is a big Dave Ramsay fan. This gentleman is revolutionary. If you are a miillionare with Ramsay, you could be a billionare with Robert's advice AND give less money to the government in taxes. Intriguing interview.

[PeterScott-qd]

I really appreciate the dedication in each video you post. To be successful one has to have multiple income streams and so on, also investors should understand the crossover between asset classes & liquidity flow, Ann Elizabeth Messer focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch

[Michael-redAM]

This guy is amazing. What he just said about borrowing millions during a crisis, turned the light on in my mind that has always been there, and now I can see! I can't believe this shit!

[muhammadsani]

Hard work does not equal wealth" took me 50 yrs to understand that