You've Been Trained to Be Broke | Powerful Robert Kiyosaki Compilation

There is no such thing as a bad economy, so for me I can see the good and the bad. I really don't give a damn because I'm going to be rich anyway, but a poor person with a poor personal economy all of them. What we are going to see is a bad economy because they don't know how to make money in any economy. The most outdated idea is to go to school, get a job, work hard, save money, get out of debt, and invest long-term in stocks. market look why would you save money when they are printing trillions of dollars you see it's not just money you have to step back and look at the bigger picture entrepreneur is first a mindset, a set of skills and rules, and depending on whether you are an employee or small businesses roles are different mindsets are different skills are different debt and taxes make the rich richer debt and taxes make the poor and middle class poor Banks don't want your money because they printed too much and that's why there are bubbles in stocks and bubbles in real estate and all these people are throwing away cash.

You should learn how to get into debt, how to use debt to get rich and you will never be taught about taxes, the reason the 1% is so high. here and the 99% go this way it is because when you print money two things happen, inflation in taxes, they crush you, when you don't have this paycheck, you become hungrier, smarter and it is a test of your character, will you become a criminal? dishonest, will you cheat and steal or become a better human being? The best teachers are not in universities. The best teachers are on YouTube. I have this iPhone, if you can't make money with it, hang up if you're looking in the mirror right now and you see a loser, that's what you are.

I learn about money by playing Monopoly. I learn more about my wife playing Monopoly than I do in four years of college. You look at Cuomo and all those guys who were, they were born rich kids, their father. At this point, Trump could have gone that route, too. He was born a rich kid, so he's not. I think he's an entrepreneur, but you're not. So what about the entrepreneurs who go out and put their hand in it and survive if you? You survive, you see the world differently, so that's what happened when you got injured and all this, yeah, you see a different world, whereas, um, Peacetime, who's climbing the corporate ladder right now, he just lost his job, he's sucking his thumb, rich dad, pz a. story of my rich dad who had no education, but grew up in real business, you know, he, he, he took over the family business at 13, so he grew up in the real world of money, where my rich dad he had a doctorate. helpless and desperate he went to Stanford Northwestern, you know, a very smart guy, a good guy in all this, but as you know, the professors don't know, they teach things, they teach things that they know nothing about, well, some of them they are forced.

I they. forced to teach that right, some of them try to educate in other ways and inspire, don't defend them, don't defend them, I don't like them anyway, you know what happens, when I get into the most trouble is when I criticize the going. to school M because for many people it's their only hope for salvation, yeah, so if I say well, I don't think school will teach you much, maybe I pissed on the Pope, you know, they said I know religion if you don't go to school and then I tell them, well, you know, Steve Jobs dropped out, he did pretty well, yeah, he dropped out, Dell dropped out, Zuckerberg, Zuckerberg, dropped out, Henry Ford, Walt Disney, they didn't, you know they didn't hurt M, oh yes, if you are an entrepreneur right now the world is open to you you are an employee your world is dead to you yes an entrepreneur can create his own success so this one of the most important messages I have for entrepreneurs is who should have gold and should have silver and real estate Robert Kosaki, the author of Rich Dad, Poor Dad, his goal in life is to show people how important financial education is and offers a variety of resources to share his findings about how normal people like you and me can get rich in this video.

We will cover four extremely important lessons that Robert learned to become rich. Failure should inspire you to be smarter and unfortunately our school system says that if you fail you are stupid, that is not true. You know we learn from mistakes. Mistakes are opportunities to become smarter, be humble and take a look at something, and that's the problem with most people today, when they leave school, most of them haven't learned much because I don't remember my third year of calculation. I have no idea what I learned. there, but I learned that I had failed and when I failed it was going to be this, in the '60s, they were going to send me directly to Vietnam, so failure was a very painful subject.

I also failed English twice in high school and today I am known as a writer, but failure is the key to success, except in school lessons, a failure does not mean you are failing. One thing that is often misunderstood about failure is that it is the end of any situation, whether it is a failed business, a failed project or a failed company, many entrepreneurs believe that this means that this is the end; In fact, what we may not realize about failure is that it simply shows you what didn't work and gives you a lesson that you can take with you into the future.

Ventures failure doesn't mean you're failing, it just means you've failed. Found one of the ways that doesn't work and you can move on to the next one. You have to understand taxes. You say this is all over. In the world there is very little difference. These guys pay 40% of their money in taxes, so they make $1,000. They are going to spend 400 dollars in taxes. These guys who make $1,000 are going to pay 60% in taxes, which is why our schools teach entrepreneurship. but they're not teaching them taxes, and because they're focusing on income here, taxes are 20%, so they make $1,000, only $200 goes to taxes and these guys, 0%, so the reason why that financial education is not working in our country.

The school systems are teaching financial education for these people and these people, but to get really rich you have to focus on this side and that's the difference between a rich parent and the financial and what they're teaching in school right now. I'd rather be on this side, this side is a lot harder, but in the long run it's more fun for me, on this side, here it's harder, but you pay taxes all the time, so these guys here say those who pay taxes are rich Well, not these guys. I don't pay taxes and oddly enough, and I'm talking about legal, this is all over the world.

In Rich Dad poad I wrote about uh rake Ro, founder of McDonald's, and he was teaching at the University of Texas in the MBA program. and Ray asked and most of the mbas are coming here so Ray Croc asked him, he says what business is McDonald's in and they all screamed and said no, no, no, we know you're in burgers and Ray says no, We are not. I'm not McDonald's, they're not hamburgers. McDonald's is in the real estate business here, so what you have here is McDonald's and the money that McDonald's makes buys the real estate and that's my formula, this is Rich Dad, I own real estate, no. hang out here.

I'm glad they're here and we do everything we can to make sure they're educated and have their own businesses and things like this here, but really the formula that I follow personally is McDonald's, we have an educational company that buys. real estate, which means we make a lot of money, we pay zero taxes legally, lesson two, taxes are not as complicated as you think, let's be honest, no one likes paying their taxes and many people are frustrated because certain companies and people who The rich don't pay taxes life is simply because there are many different loopholes that they are aware of and many regular people are not.

In his story about his Rich Dad Robert often talks about how his Rich Dad gave them great advice on tax matter. Do a little research and you'll discover that there may be ways you too can benefit from these gaps in school. They compensate for the risk by telling you to memorize the correct answer. In other words, these kids leave youth like you leave school. Think, oh, if I know the right answers, then there's no risk and that drives old people like me crazy because everyone talks about Millennials, what's wrong with them? You know, Millennials are the most highly educated in history, they have the cell phone they had.

They are not educated in school, they are educated on social networks, on cell phones, they know all the answers, but they are afraid to do anything. Yeah, you know, the biggest complaint about my generation is that Millennials know all the answers, but they can't. do anything and the reason they can't do anything is because they could hurt someone's feelings, they could make a mistake, you know, that keeps them trapped in this little box here, yeah, that's one of the reasons why which I think Millennial money is It's a very important point here because if you're going to enter my world, the world of old people or the information age, you really have to understand what is risky and what is not risky, and In my world, if you play it safe, that makes you stupid because if you don't take risks you don't get smarter.

The first thing schools do is punish you for making mistakes. Are people punished for making mistakes? No, it's encouraged, we want you to do it and then as long as you learn from them, yes, fail. Fail hard, learn fast and move on. What if you made a mistake and didn't tell everyone? If I don't tell anyone right, that won't allow the team to grow from my own mistake. Now what happens if you cover it? so I get punished if I cover it up, yeah, you'll probably get fired for that, yeah, the worst thing that happens in an organization like this is when you make a mistake, you cover it up M, that's the worst. but that's what they teach you in school, poverty hurts.

I mean, I don't like it and I don't like that our academic system is so corrupt, so one of the most important messages I have for entrepreneurs is that failure should inspire you to become smarter, never let failure stop you, You know, use your brain, use your creativity and unfortunately our school system says if you fail you're stupid, that's not true, so the lesson for young people is don't take a job. for the money, take a job for what you're learning in school, they compensate for the risk by telling you to memorize the correct answer, in other words, these kids leave young people like you leave school, think, oh, I do know the correct answers, then there is no risk. and it drives old people like me crazy, you know, we learn from our mistakes, mistakes are opportunities to become smarter, be humble and take a look at something, you know, Millennials are the most educated, they know all the answers, but they have afraid to do anything.

Robert Kosaki is a renowned author, investor, and entrepreneur who became famous for his best-selling book Rich Dad, Poor Dad. In the book, Kosaki talks about his own experiences growing up with two parents, his real father, a highly educated college professor, and the other, the father of his best friend. Robert, a self-made millionaire and businessman, realized that despite his father's hard work and dedication to his work, he was struggling financially and could not provide him with the kind of life he wanted. to his family. On the other hand, Rich Dad, who never finished college, could. To build a successful business and accumulate significant wealth, success does not come easy, especially when the education system fails to teach the fundamentals of business and money.

However, you have two options: use it as an excuse and remain uneducated or rewire your brain. Be open to the new. information and learn how to be successful, you know the most important thing is to change the neural pathways in your brain and the brain is driven by your heart and when I meet someone with an employee brain they tell me: I want job security, I want, I want a good pension do you have those medical benefits is that your brain? I can't help them, they have to rewire the brain, you know, because the economy takes place between this year and this year, that's where the economy takes place and in your heart and in your gut.

I started playing Monopoly I was 9 years old You everyone played Monopoly except I play it in real life. You know, four green houses, one red hotel, duty free. If you really, if you're really going to learn to be rich, you have to learn to sell. using debt and how not to pay taxes that's the game kosaki realized that there is a gap between the rich and the poor and that traditional education and employment do not necessarily lead to financial freedom what does the school system teach about money ? nothing our current education system is outdated and does not focus on topics that would prove much more beneficial to students, while finances and taxes may not be asentertaining things like chemistry or biology.

Having that knowledge would be best for most students as they move into adulthood today in the world that the United States especially is in. this gap between the rich and everyone else and I know the game of the rich, you know, my rich dad taught me, you know because you are the banker, the game that the bankers and the rich play is different from the one they teach you in the school. and that's the story of rich dead dad, poor, you know, my poor dead PhD St means poor helpless and desperate, they don't know anything about money and he teaches, they are teaching our children and my rich dad was a businessman who never finished the school.

Tip one: rewire your brain We often think that we cannot adjust or change the way our brain works, but on the contrary, a simple change of mindset opens up a whole world of possibilities. I want a good pension, it has medical benefits, that's starting with the brain. It's them, I can't help them, they have to rewire the brain, yes, because the economy takes place between this.year and this year that's where the economy takes place and in your heart and in your gut tip two use the debt to get ahead now this sounds completely counterproductive how can debt help you get ahead? as Robert says, you have to have the right type of debt that works in your favor versus one that is essentially just a bill, there are good debts and bad debts again, it goes back to the financial statement income expenses assets liabilities so the debt falls here, like this that if you say I'm going to buy, everyone says I'm going to buy I'm going to buy a house and says that my house is an asset, that's not true.

Your house is a liability. I don't care if you have no debt or not. A house is a liability. The same as if you had a car. a liability and the reason for this is, as we talked about earlier, the six words that are basics of financial education Financial intelligence income expenses asset passive and the other two words are cash flow, so when you look at the average person, You have a job, the money comes here they pay for your house and the money goes to a bank through a mortgage, so it's not an asset because the cash flies out, so it's a liability, so the definition Liability involves taking money out of your pocket and as an asset it puts money in your pocket so when I have a rental property here it puts money in my pocket so if I live in the house it's a liability because even if I don't I have debt, I still have taxes, depreciation, repairs and maintenance insurance and everything.

This, when I rent a property, I did a good job of buying it and structuring it every month, it sends me money, so I started when I was 25. He had a small one-bedroom condo and he put 25 dollars in my pocket. At first, this was a good debt. You say this. The debt also came out and was paid, but it also put $25 in my pocket, so net, I was making money with my little house, so today my wife and I own 6,500 houses and every month 6,500 houses. put money in my pocket my people who live in them love me and all this because they have a place to live but all this comes from debt tip three find mentors one of the most talked about tips but one of the most important Have A mentor who can guide you through difficult times, help you understand your field, and guide you to become the best you can be is an essential part of being successful.

My Sunday school teacher is a pretty young woman you know and she said, "I'm like nine and she says why were the three wise men wise? You know, I go because they were rich, they gave, they gave, they gave the diapers, Jesus , they go incense and Mer, they have to be rich guys. I said and they also know the basic products, yes, well. idea and she says no, no, that's not like that, well, they had golden incense and Mer, well, not that. It's like that, so why were they wise? I don't know, she says what made them wise was that they always looked for the best teacher and she says, if you are going to be successful in your life you have to find the best teachers. tip four don't work for money this one sounds completely out of place in a video that talks about how to become rich and successful without which you can't be rich money, well actually the reason you're not financially successful could be because you're too focused on money, but when I make a million dollars, I keep a million dollars and the reason is because I can't make it by working for money, look if you work for money, you pay taxes, that's why lesson number one is Rich How poor are the rich?

They don't work for money. What we do is create businesses. As entrepreneurs, we acquire real estate. I don't invest in the stock market. Okay, so the reason is that, as an entrepreneur, I have more control over my income, how much I earn and how much I pay. in taxes, and since I am an entrepreneur as well as a real estate investor, I pay zero taxes, so every time I earn let's say a million dollars as an entrepreneur, I immediately invested in real estate. I'm up 4 to 1, so I put a million dollars into real estate. I get four 400s.

I get 4 million from the bank. That's why I love banks, but banks are screwing everyone else, you know, it's terrible, but it's good for me, the most outdated idea is to go to school, get a job, work hard, save money, get out of debts and invest long term in the stock market. Look, why would you save money when they are? printing trillions of dollars the gap between the 1% and the 99% is huge you see it's not just money you have to step back and look at the bigger picture so what do you do in each of us?

He is a poor person, there is still a poor person. person inside me there is also a middle class person and the middle class person wants security wants that steady salary and there is a rich person and they are all inside us except it is not taught if they teach you to go to school get a job and get a paycheck, they don't teach you how to get rich if you read Rich Dad, Poor Dad, my rich dad refused to pay me, he said the paycheck was one of the most harmful things you could ever take in your life, he says . the moment you get a check you're an employee and that's the mentality so my rich dad never paid me we drove to my poor dad you know crazy government employee you gotta pay people you gotta pay people and rich dad wasn't saying that. the paycheck was bad, he says you didn't want to be a slave to money so as a businessman you know if rich dad fails I just start another company.

I don't need a paycheck, I don't need anyone to take care of me. For 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, the skills and the different set of rules. You see, I don't operate. small businesses do not operate in the same roles as large businesses, the entrepreneur is first a mindset, a set of skills and rules, and depending on whether it is an employee or a small business, the roles are different, the mindsets are different, the skills are different, so to speak.

One thing for someone who has never

been

an entrepreneur and is thinking about taking the leap of faith to become an entrepreneur. What could you tell them? Well, I'll tell you the same thing that happened to me. You know, my last paycheck. I still remember it clearly, it was one of the worst and best days of my life and I was in Puerto Rico. I was working for Xerox and my boss gave me the last one. It wasn't a paycheck, it was a bonus check, I think. It was about 30,000 dollars taxable, that's the only problem with that, so I got this check and I was holy shit, you know what I mean, I was excited but I was also upset.

Disturbed, then this other guy approached me, his name was John. and John tells me, he says you're coming back. I told him why he says because you will fail. I looked at him and said, look, some rude words because that's what he did. He left That's when I became an entrepreneur because I had no money. I didn't have money for years. You know, I didn't have a paycheck, but that's what my rich dad encouraged me to do. When you don't have this salary, you become hungrier, smarter and it is a test of your character. Will you become a criminal?

Will you become dishonest? Will you cheat and steal or become a better human being?