Robert Kiyosaki: Don’t go to School, Don’t pay Taxes, Get Into Debt

Robert Kiyosaki is the best-selling author of the book "Rich Dad, Poor Dad", one of the most well-known books in the sphere of personal development and financial education.

In our interview, he shared a few fundamental lessons that are going to help you in growing your financial situation.

Here are some of the key concepts discussed in this interview:

1. "We're going down. Crashes make the rich, richer." Learn more about the potential financial crisis and what one can do about it

2. "You must understand taxes; the rich don't pay taxes." If you're looking to build your wealth, chances are you are in some type of debt (student debt, etc), so one of the fundamental skills you need is a good accounting understanding.

3. "We're going down. Crashes make the rich, richer." Learn more about how to profit in the down market.

4. Robert Kiyosaki's message to young people: "Challenge what you've been taught."

5. "Most people should be employees". It's an interesting argument since being an "entrepreneur" requires (like any other action) a price. What is the price of working for yourself and are people willing to pay that price?

We had a very interesting conversation. Hope you enjoy it!

Giveaway! Win a copy of Robert Kiyosaki's new book: "Fake". To get a chance to win you have to 1) Watch or listen to the interview and 2) Post one takeaway either on this post or anywhere on social media using hashtag #fakebookgiveaway. 10 of those will be chosen at random in 30 days and will be given a copy of the book (wherever you are in the world).

You can also listen to this interview on:

#robertkiyosaki #fake

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This interview was filmed with the courtesy of Pullman Bucharest World Trade Center, who have kindly offered us a room to record this interview in.

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Catalin Matei is a young Entrepreneur and marketer. Ex-Professional Dancer for 9 years now turned Entrepreneur, Catalin loves to share his journey and the things that worked for him along his trip of building businesses, growing, learning, failing, succeeding and so much more.

He believes that in life mastery of your craft and the people around you are the most important things in the world, and that's what this channel is going to be about.

Find Catalin:

Snapchat: catalinmatei

[PatrickLloyd-]

Building wealth from nothing involves consistent saving, disciplined spending, and strategic investments. Begin by creating a budget to track expenses and identify areas for savings. Prioritize paying off high-interest debt and establishing an emergency fund. As you build a foundation, start investing in low-cost options like index funds, and focus on continuous learning and improving your skills for better income opportunities.

[BrunoLuke]

I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing!
Very inspiring! I love this.

[tickedoffsheikh]

Robert isn't against schooling. He is concerned about what we are taught about money.

[Riggsnic_co]

We read news in the media that doom and gloom is coming and we just accept it, doom and gloom doesn’t always have to be coming, I’ve read numerous success stories of people that are pulling off tremendous gains of up to $250K within weeks in this crazy market and I just want to learn how to achieve such figures.

[GamingAndGuitar]

Dang man I am 16 and my parents are the exact incarnation of robert's "poor dad" and I am so grateful for this information online for the price of an internet connection

[joeclinton]

The future belongs to those who believe in the beauty of their dreams. Success is a state of mind. I think I'm blessed because if not I wouldn't have met someone who is as spectacular as Expert Mr Martinez Amend.

[congosrevolution]

Few people know that the rules of money changed in 1971. That year, the président Nixons took the U.S dollar off the gold standard. The dollar replaced gold—which is money made by God —with man made money, which is also known as fiat money, or money that is not based on a physical commodity. In 1971, the dollar became currency, and it was no longer money

The world currency comes from the word’’ current ‘’ A currency like river current or an electrical current, needs to keep moving. That is why parking your money in a bank or a mutual found reduces your wealth. Your wealth decreases because your money is not moving. Sitting in an account, your money is moving for your bankers, financial adviser, investment bankers, and mutual fund community—but not for you.

[sibusisodlamini]

Mhmm so the 4 people who disliked this video are employees...🤔🤔🤔


I love the content. Great content!

[ceyhunozer]

"the more debt i use, the less taxes i pay.". haha growing up we've been taught the complete opposite.

[christopherreynolds]

He basically described the matrix we all live in.

[manniesreactionchannel]

He has a valid point, school doesn’t teach you about money it teaches you how to work.

[AdrianGarcia-jhry]

"employees pay taxes, entrepreneurs don't"

[claudiochisani]

The advice is sound and interesting I like Robert's message. However, don't go to school is a statement that aims to challenge the mind. It is clear that Robert can sell his books ; he went to school or took courses in sales, he knows cashflow and debt, he probably educated himself over basic business, how to read a financial statement, how to hire people and so on. He talks about hiring good people and their expertise. Perhaps a different way to look at this is: use debt not to get into consumer debt; use debt to generate cashflow so you can build assets that generate even more cashflow. Also have the business mind that you will put together the best team to create an actual business vs one man/woman show (independent professional) However, if you need to work for someone just before you start your venture, find the business that trains you on how to sell/leverage/expand. Study the company's system and apply it to your business in the future.
Social skills, selling, EQ and refusing to be a employee are key. You may have to study some or all of it.
Indeed, money is depreciated by money printing, gold is great, so is real estate, solid guidance there. The number one enemy is ignorance (you don't know what you don't know), that's why it pays off to be curious and be life's student for as long as you live. And it is perhaps fair to say that society needs nurses, firefighters....not all people have the entrepreneurial desire but they are happy and proud to help, knowing they will never have the same financial aspirations.

[nepghlj]

What I've learned from the interview: We have to question what the schools are teaching us; then Take Action!

[Cristian_M_]

You work for 40yrs to have $1M in your
retirement, meanwhile some people are putting just $10K in a meme coin from just a few months ago and now they are multimillionaires.

[KaZee]

I'm 15 and already have read rich dad poor dad, now I just need to apply this knowledge in real life to get rich.

[mayakamine]

Aloha Catalin - Mahalo for your interview w/ Robert Kiyosaki. My biggest takeaway is that I need to GET OUT of my hypnotic state (go to school, get a job ...), THINK, QUESTION social norms, and TAKE ACTION to get out of the rat race. ALOHA!

[opeenygodfrey]

I absolutely love that philosophy, fake teachers, fake assets. Get out of debt, yet debt is money

[BaldurKhr]

In sfarsit un interview care ma face mandru ca-s roman! Foarte profesional! Mai bun si decat americanii! Bravo Catalin!
Ti-ai facut foarte bine temele!

[jay-rus]

After years of living the “American Dream”….I realized the lie. Then a shift in mindset took place. I sold EVERYTHING that had actually held me as a slave. Dropped $350k in bad debt. Left my “job”….even though I was in an executive position with 6 departments, dozens and dozens of employees, and a great income…..BUT, I realized one day (literally was that quick) that I was nothing but an employee with just a different title. Resigned on the spot the very next morning (absolutely crazy to those around me), and simply began to build business. That was 7-1/2 years ago. What this guy says is true, but most hearing this still wont actually hear what he is saying. It is honestly a mindset that must be cultivated that then results in action with results. I will NEVER be an employee to anyone again. Ever….under no circumstances. This isnt a statement of dream or desire….its an absolute certainty. If I trip and fall, it is simply another opportunity to focus on one of the many ideas that are on my list. Sure I sometimes fall, but one cannot hit a home run without lots of work, sweat, failures, strikeouts, and even singles or doubles. Some become good batters, but then accept those doubles and triples because they are “better” than most of those around them. They stop pushing because they are afraid to lose what they think they have. Which is only an illusion to begin with.