Thanks for all teachings !! I really appreciate it!!! I'm trying to make it to the top. But I'm way too deep in the bottom. Honestly I think I never , be back on top again. But I'm trying!!!! And listen to you every morning!!! 🙏🙏🙏🙏🇵🇷🇵🇷
About your q to Robert - Why we keep going to School?... I think the World should apply the Finland's Education System, and so... like slowly shifting away from this "TRADITIONAL" schooling to what School-Education is in Finland.
Sam Hyde it’s a little stupid and naive to think you can past go copyright laws by just changing a letter reminds me of when he met Mark cuban and Mark says ”the difference between a millionaire and a billionaire is like having a penny and a thousand dollars” and Patrick says ”so there’s no difference” and Mark goes ”no it’s a huge difference” it’s like the guy just says things before thinking it over sometimes but i think he’s improving anyhow i like listening to him for the most part.
after following up on robert for the past few months, i almost never listen to my parents anymore for financial advice when i always remember, my rich dad (robert kiyosaki) telling me otherwise. My parents tell me literally what kiyosaki described in both his books... save money, good job, long term investing, house&car is an asset. Its hard to believe what authors/course sellers say when most of them sugar coat their stories for sales, but kiyosaki's explanations are reality. And to this day, he still dedicates his time and effort to keep people update on the state of the economy.
Robert Kiyosaki is one of the most greatest master mind ever. i love the way he brakes down the mindset of the economy. very understandable. now i could figure out how am i could change my own economy by listening his on view on the economy. very smart Mr. Kiyosaki, very smart. those are the type of people a young guy like me should follow, not those media idiots that are out there, that teach nothing, but bullcraps. LOL
29:50 is probably the most motivating thing I've ever heard. Man, Robert is my spirit animal. I've been exactly there 2 years ago. Everybody told me I'll fail but who's laughing now?
@bitcoinenergy1 What about if you throw bitcoin into the mix ? No one who has held bitcoin for the 4 year cycle has ever lost any money. In fact if you price property in bitcoin everything gets cheaper every four years. How ? because bitcoin unlike the pound is fixed in its supply and the purchasing power gets stronger every four years. For example a house you want to buy today will be cheaper in four years in bitcoin terms. This is why all the leading asset managers are buying and holding bitcoin. Even business are adopting bitcoin to gain competitive advantage. Why and How ? Lets say cashback for example. If you were to offer a customer 5% cashback and give it to them in bitcoin instead of pounds the cashback to them would increaes in value in four years. Hence the 5 pounds given to them in bitcoin would probably be worth 15 to twenty pound in four years. Am I selling bitcoin ? No I just teach other entrepreneures how it works. No spamming or emails. Just some food for thought. You can subscribe to my channel if you wish to learn about bitcoin, Thats it. Tony.
Good mindset within a corrupt monetary system. Getting a degree and a job and working hard, there's nothing wrong with that. It's just like Robert said, obsolete. So if you're a college student, please keep going, entrepreneurs also need Human Resources, teams, more than they need money. Money is abundant, and skilled people are rare globally
Ever since I started watching videos and reading books of Mr Robert kiyosaki, things have started becoming much more easier for me although am in Africa deep as far as Uganda considered 3rd world country but I have now at the moment the mind set of first world people I believe in HIS teachings and when applied brings tremendous results you had never thought of and my wish is if only all learned people could watch this, unemployment problem would be history. Thank you Mr Robert
that's true man, it's all about mindset changing. Im from Moambique Africa and just for nearly two years I,m changing my life. I think we must begin to stay imn touch......Im improving my english cause moambique we speak portuguese.
Pat mentions at the end of the podcast it could've been longer but Robert didn't have more time but you can tell from the tone of their voices that they not that enthuisiastic
LOL. After the podcast, I scrolled thru all the interviews to see which one was under 40min. I believe it now. Pat’s demeanor is totally different here.
Unemployment only counts the people who are looking for a job which used to be almost everybody. Thats not the case anymore. Now there are a bunch of people that are completely content with no job. So thats why the figures are off. So we arent really being lied to, we are being deceived.
+Nick T or people who've spent a lot of time looking for a decent job and can't find one. But yeah, definitely a lot of lazy bums pumping out kids and creating MORE unemployment.
"You don't want to be a slave to money" @23:30 "I just refinanced to get into debt" @8:40 Rich Dad Poor Dad is a great book. But this is terrible advice for everyone who isn't wealthy. Leveraging debt may be beneficial if you're in the Investor quadrant but 99% of people will take this out of context and think it's smart to get into debt. Time is the currency of the wealthy, money is the currency of the middle class, debt is the currency of slaves.
My parents want me to go uni, become a doctor, bla bla you know the rest. I wanted to become self employed but now realised that self employed are the biggest tax payers. I can't wait to start a company now because all the negative things about business have just been a mindset of the poor and I'm truly thinking like a rich dad now. Love you both Robert and pat . True legends 👌
1% invest, live below their means and are typically help others and the 99% spend, live beyond there means, are often declare themselves victims of capitalism....class dismissed!
Anybody can become rich. There is no such thing as a bad economy, if we have the mind set of a rich person. Debt and taxes make the rich richer, and the poor and middle class poorer. Create a business, acquire real estate, and don't invest in the stock market. A real entrepreneur when falling down, learns from his mistakes and goes even higher than before.
Only >1% of people are actually good at the stock market and the market is fake. Snapchat lost value when Kylie Jenner said she doesn't use it much. It's fake, totally fake. Real estate is real and worth investing in because it's REAL. You need real estate to live, work, take vacations, shop, buy things, and more. You have to have land in society to survive. Once you own real estate you can rent/lease it for MRR (monthly recurring revenue).
I understand that, but slave type jobs also kills the entrepreneurial spirit. We are trapped, as there are advantages and disadvantages. Socialism only works until you run out of other people's money as Thatcher once said. Capitalism doesn't work either because greed overtakes. Communism doesn't work either, dictatorship is not the way. A new type of thinking is needed in today's times, but not by hurting the middle class.
Patrick, I NEVER comment but I would like to thank you for doing what you're doing as far as giving back and helping the ones who want to, become literate about business. This is amazing stuff Patrick. I look forward to meeting you one of these days and having a conversation.
It's like the entire video is a ad for his book and the apocalypse that's coming. I agree with alot of the things that Robert says, but it seems to be he milks way too much off of his "teaching/classes"
I'm in the entrepreneur wagon... and I'm getting away the mindset that this has to work... and I've been hungry and getting smarter... but I got to break my self out of this comfort zone... and I'm doing this because I don't want to pay the government a dam dim...
This man is brilliant... it hard to wrap my head around what he say get in to debt...when there printing... money gets cheaper the more they print... emmm... ok... Thank you for this incredible interview... wow...
When they print (i.e. they do quantitative easing) two things happen: - first, they print because they can't stimulate the economy lowering interest rates further (because interest rates are already very low... like now); - second, the more money are hanging around the less value they have (demand-supply), which means that putting more money out increase inflation (so as time goes on you can buy less stuff using the same amount of money). In conclusion, when money are printed you have low interest rates and high inflation. Littleraly it means that cash is trash (as Ray Dalio says)... what's the purpose of having money if they lose value in time and if lending them you're not getting rewarded with a premium??? There is no sense on having savings in cash/money. Central banks around the world are having negative interest rates... so they are lending money to private banks giving them a premium to keep their money (this is strange right?? someone pays you to keep his money... what does it mean?? that central banks prefer not to keep money in.... so it means that money worths more than what they will worth in the future... this is scary, but if you know it you can act accordingly). The best things to do are: - making your money work as an enterpreneur (instead of keeping them in your bank account); - invest in assets that keep value in case a downturn happens (and it will happen soon); - keep a fair amount of your savings in gold (what Robert calls "God's money"), something link 15% of what you have sitting in your bank account. Greetings from Itlay Adam! ;)
Yes but the goal is to not to get stuck with a paycheck longterm, everyone has to work here and there to make ends meat but in the long run do not let the paycheck stay because it affects your mindset
Robert is gingerly telling this guy he has been getting played his whole live..Patricks brain is slowly getting it so far without getting furious . Hope he doesn't shot the messager!
EYE OPENING!!! I loved Rich Dad Poor Dad, totally changed my perspective on finance and entrepreneurship. Thank you, Patrick for providing us with this interview. Great content here.
Really enjoyed the video, I met Robert by accident after a NYC Investment Trade show early 2001 or 2002, I happened to wonder by his booth as things were breaking down, I didn't know who he was but he walked up to me and seemed pretty cool, we started talking and he handed me the cassette tape "Get Ready To Be Rich", which I listened on my drive back to Philly, I'm still a work in progress but believe the universe introduces us to certain people on our journey that later we say, Oh now I understand why.... Ciao, ALDO
Amazing interview, watching it on 2019 and it's like the interview was made this week, he is right on about the quantitative easing policies that are going on right now.
Thank you very much for doing this interview, I bought the immediately from kindle, oh yes. And keep read until 2am. Sold some share this morning , cash is ready and I am waiting for the recession happen, by the way , this coming 15/12/19 US China trade deal is impossible. good luck all
The school system began to fail right after the 1960's what happened then you may ask? Well first and foremost let's talk about why schools were founded in the first place! Schools were founded strictly and solely for learning how to read and understand the Bible. Along with teaching kids morality and logical thinking. Everything we needed and continue to need is the Bible(not religions not Pope's =or so called gods on earth)All of our history is in this one book inspired by God. It contains everything dating back to when he first spoke our world to existence to this exact date. (hence the name UNI meaning one and VERSE meaning speak in or spoken to existence) If you analyze and meditate on the scripture you can uncover all the information you need in life the Bible is even a paradigm for sales. It goes hand in hand just like the Bible has its 10 commandments so does sales the Bible mentions the law of sowing and reaping among others they're key factors to being a successful sales person leader or entrepreneur! Am I right or am I right!? Many believe that this generation is the smartest and most advanced in technology but one question I always ask myself is if we're so smart then why are most people blindly following what we're taught and not taking the time to simply think logically and do their own research and experiments without their scientism ways of thinking.. and by the way this is a book has yet to be proven wrong. It's so ironic that we not only took God out of school but out of the constitution and our anthem and then started teaching everything that contradicts the Bible. 1. The Evolution Theory & the Big Bang Theory 2. The world is a globe 3. Planets that don't exist including the moon (the moon and the sun are lights not objects the lord states Genesis 1:14-18 "let there be light in the firmament of the heaven to divide the day from the night... And God made two lights; the greater light to rule the day , and the lesser light to rule the night:he made the stars also... and God saw that it was good" 🤔🤔🤔 how smart are we really if people still believing that a horizon aka a HORIZONTAL line can be "curved" ? I could go on and on about this topic but sadly humans tend to make the same mistakes over and over again and I can't force anyone to believe in what they don't want to just like I can't force someone to buy my service/product if they don't want to . At the end of the day they are going to choose what ever is more convenient 2 THEM even if it's not the right thing.
Goddamn, one of the best Interviews I've seen, and those are alot! Rediculous amounts of value in this video! This is why I love the old AND new Valuetainment! Way to go Patrick! Keep it up, you are awesome!
BlessUp Both of Ya'll Gys. I mena Patrick and Robert - for some quiteeee Years ago on your both Vids and Education, Talks and so, Ur Both Wonderful what an awesome Kemestry and Match for ya'll to sit down and talk. Stay Blessed,
“…..and the Dow is at 18,000.” Now, years later, it’s at 40,000, and since the interview we’ve printed 40% of all dollars ever in circulation. We’ve thrown trillions of fake Fiat currency at the economy, and inflation is skyrocketing. Everything he says is correct in the environment that he described has only gotten worse.
What Robert says school education will be obsolete once someone graduates is wrong.....He forgets in school before are taught how to think for themselves and solve problems....Its not like they absorb TBs of raw information like sponges...And there are primary fundamentals people are equipped to help them think for themselves,Moseley Law cant bend them as he thinks would!
Mr. Kiyosaki ,when you say knowledge becomes obsolete every eighteen months, could I possibly be reading out dated information when I read Rich Dad; Poor Dad since you wrote it decades ago? Just curious.
Kiyosaki never created anything…, he is poor bussinessman, he has no buissness. He becoume famous becouse MLM Company named AMWAY... , they ordered his book to millions of theier members
This is brilliant please please please please do a video on the tax breaks I would like to learn how to properly do that due to the fact that I am a 1099
Great Interview but heads up, Pat says he didn't like the interviews below 40 minutes... Now I'm sure that was the case with jerry springer but robert seems to me at least to be a fairly down to earth dude and a positive interview. IDK But then again he did another interview that was an hour with robert, So I think this is an anomaly.
I agree more with the financial principles/ teachings of Dave Ramsey . Kiyosaki has good ideas but I don’t believe his principles are applicable to all aspects and careers , whereas Dave Ramsey’s ideas are. Great video Pat
Excellent interview. I've recently started watching your videos - Thank you Pat for the amazing content! Your videos are really helpful and straight to the point.
Great interview Patrick, however I wish It could ended up with an action plan for entrepreneurs, it's easy to say no to pay checks when you make 33 millions a year but for new entrepreneurs with family and bills to pay is not so easy, It would be great if you could make a video about first steps for smooth switching from employed to entrepreneurship. I felt the connection when Robert talked about leaving Xerox company but what did he do after exactly? how did he started making some income to pay the bills by end of the month? Cheers.
Diego there are two extremely good books that will help answer your questions and how to make that transitions and it is the E-Myth and Rich Dad's Cashflow quadrant if you have yet to read those are the two I would highly recommend. This also goes out to anyone who has the same question like that.
It's gradual. Also seek other outlets of making money, not just slaving for a wage. You'll find it easier although potentially still difficult depending on the methods you choose. However any other methods on top of potentially your salary/slave wage will do you nothing but justice
sychophantt you have to give things up to get the money i have gone bankrupt i was liveing a middel class life and had no money but liabilitys and i gave them all up and now i sleep on a cot and share a room and i only pay 130 a month for rent now i have more to invest things will change soon rags to riches
Share your thoughts with Patrick Bet-David by texting 310.340.1132 or click here my.community.com/patrickbetdavid
Thanks for all teachings !!
I really appreciate it!!!
I'm trying to make it to the top.
But I'm way too deep in the bottom.
Honestly I think I never , be back on top again.
But I'm trying!!!! And listen to you every morning!!! 🙏🙏🙏🙏🇵🇷🇵🇷
I'm in the Philippines, for over 3 years now. I'm originally from infamous Miami, FL, and I'm glad I left. Next is Jordan, it seems! Finally!
About your q to Robert - Why we keep going to School?... I think the World should apply the Finland's Education System, and so... like slowly shifting away from this "TRADITIONAL" schooling to what School-Education is in Finland.
Two Legends in one video. Awesome stuff
Two True Legends !
Yeah,,,,,
Lakhbir Singh 😳
Agreed!
I'm in the Philippines, for over 3 years now. I'm originally from infamous Miami, FL, and I'm glad I left. Next is Jordan, it seems! Finally!
Pat the 'Rick Dad Poor Dad' joke was GOLDEN hahahha. Sorry Rob didn't bite it, but I laughed
Sam Hyde it’s a little stupid and naive to think you can past go copyright laws by just changing a letter reminds me of when he met Mark cuban and Mark says ”the difference between a millionaire and a billionaire is like having a penny and a thousand dollars” and Patrick says ”so there’s no difference” and Mark goes ”no it’s a huge difference” it’s like the guy just says things before thinking it over sometimes but i think he’s improving anyhow i like listening to him for the most part.
@@gappuma7883 pat-RICK Dad Poor Dad.
@@gappuma7883 Honestly he's kind of a fucking idiot that asks stupid questions all the time
Sam Hyde 🤣🤣🤣 right shit was funny to me too
Rob is super pissed about pirating and because if that disregarded the joke. Idc I thought it was funny!
after following up on robert for the past few months, i almost never listen to my parents anymore for financial advice when i always remember, my rich dad (robert kiyosaki) telling me otherwise. My parents tell me literally what kiyosaki described in both his books... save money, good job, long term investing, house&car is an asset. Its hard to believe what authors/course sellers say when most of them sugar coat their stories for sales, but kiyosaki's explanations are reality. And to this day, he still dedicates his time and effort to keep people update on the state of the economy.
Robert Kiyosaki is one of the most greatest master mind ever. i love the way he brakes down the mindset of the economy. very understandable. now i could figure out how am i could change my own economy by listening his on view on the economy. very smart Mr. Kiyosaki, very smart. those are the type of people a young guy like me should follow, not those media idiots that are out there, that teach nothing, but bullcraps. LOL
29:50 is probably the most motivating thing I've ever heard. Man, Robert is my spirit animal. I've been exactly there 2 years ago. Everybody told me I'll fail but who's laughing now?
You must fail, in order to learn how not to fail, this way you progress and become closer to hitting your goal
@bitcoinenergy1
What about if you throw bitcoin into the mix ? No one who has held bitcoin for the 4 year cycle has ever lost any money. In fact if you price property in bitcoin everything gets cheaper every four years. How ? because bitcoin unlike the pound is fixed in its supply and the purchasing power gets stronger every four years. For example a house you want to buy today will be cheaper in four years in bitcoin terms. This is why all the leading asset managers are buying and holding bitcoin. Even business are adopting bitcoin to gain competitive advantage. Why and How ? Lets say cashback for example. If you were to offer a customer 5% cashback and give it to them in bitcoin instead of pounds the cashback to them would increaes in value in four years. Hence the 5 pounds given to them in bitcoin would probably be worth 15 to twenty pound in four years. Am I selling bitcoin ? No I just teach other entrepreneures how it works. No spamming or emails. Just some food for thought. You can subscribe to my channel if you wish to learn about bitcoin, Thats it. Tony.
Both my mentors in an interview I didn't see this coming
I am only 12 years old and i already read the entire book rich dad poor dad.
Learn to trade forex - gold/usd, by the time you hit 16/17 you will be a pro
He dropped a lot of gems in this video I told my friends and family that they look at me like I'm crazy .
so I let him say it
Good mindset within a corrupt monetary system. Getting a degree and a job and working hard, there's nothing wrong with that. It's just like Robert said, obsolete. So if you're a college student, please keep going, entrepreneurs also need Human Resources, teams, more than they need money. Money is abundant, and skilled people are rare globally
Ever since I started watching videos and reading books of Mr Robert kiyosaki, things have started becoming much more easier for me although am in Africa deep as far as Uganda considered 3rd world country but I have now at the moment the mind set of first world people I believe in HIS teachings and when applied brings tremendous results you had never thought of and my wish is if only all learned people could watch this, unemployment problem would be history.
Thank you Mr Robert
Walukolo Twaha
Keep learning bro....I live in the US but I'm from South Sudan. Lets stand in contact.
thanks Mr Twaha..am Ugandan, a doctor in the next 105days.hit me up here rkitlandz@gmail.com.
am in Kenya I think we should work together
good for you bro, goodluck on your journey
that's true man, it's all about mindset changing. Im from Moambique Africa and just for nearly two years I,m changing my life. I think we must begin to stay imn touch......Im improving my english cause moambique we speak portuguese.
rob is a extremely intelligence bloke
How is Robert still alive ? Thought the government would wipe this dude out by now ! Some deep content right here ! 🔥🔥🔥🔥🔥
I would expect itas well.
One of these days I will learn to read lol. I drop out of school because I knew it was bullshit
Under 40 min interview... What does this mean Pat!? lol
same thing I was thinking after watching of Bedros Keulian.
Pat mentions at the end of the podcast it could've been longer but Robert didn't have more time but you can tell from the tone of their voices that they not that enthuisiastic
LOL. After the podcast, I scrolled thru all the interviews to see which one was under 40min. I believe it now. Pat’s demeanor is totally different here.
I thought that as well.
Same thing i was thinking before I watched it
Unemployment only counts the people who are looking for a job which used to be almost everybody. Thats not the case anymore. Now there are a bunch of people that are completely content with no job. So thats why the figures are off. So we arent really being lied to, we are being deceived.
+Nick T or people who've spent a lot of time looking for a decent job and can't find one. But yeah, definitely a lot of lazy bums pumping out kids and creating MORE unemployment.
What a GREAT interview, Patrick! SUBSCRIBED! Thank YOU!
“When the Dow’s at 18,000” ..LOL It’s over double that now even through a Plannedemic .. ‘for now’ lol
"You don't want to be a slave to money" @23:30
"I just refinanced to get into debt" @8:40
Rich Dad Poor Dad is a great book. But this is terrible advice for everyone who isn't wealthy. Leveraging debt may be beneficial if you're in the Investor quadrant but 99% of people will take this out of context and think it's smart to get into debt.
Time is the currency of the wealthy, money is the currency of the middle class, debt is the currency of slaves.
Kiyosaki is in good debt.
I'm a Marine veteran and I approve this message
good for you bro
Blake Lynch wow you’re like a president candidate impressive man u are powerful and in control and mighty strong great masculine
fuck you🖕🏾
Another great video of these two business men. Very motivating!
My parents want me to go uni, become a doctor, bla bla you know the rest. I wanted to become self employed but now realised that self employed are the biggest tax payers. I can't wait to start a company now because all the negative things about business have just been a mindset of the poor and I'm truly thinking like a rich dad now. Love you both Robert and pat . True legends 👌
Hows it going for you? Doing well i hope?
Predicted the changing world order before Ray Dalio published his works.
Patrick, thank you for such materials on your channel. Great stuff.
Smart men both of them. And I thank you very much for your time spent on this for all of us. 😁❤👏🖐
1% invest, live below their means and are typically help others and the 99% spend, live beyond there means, are often declare themselves victims of capitalism....class dismissed!
Anybody can become rich. There is no such thing as a bad economy, if we have the mind set of a rich person. Debt and taxes make the rich richer, and the poor and middle class poorer. Create a business, acquire real estate, and don't invest in the stock market. A real entrepreneur when falling down, learns from his mistakes and goes even higher than before.
Hava Nagila Why not invest in the stock market? Thats bad advice
Never Invest your own money into the stock market, for that you invest other peoples money, stock market has a high volatility.
Not anybody can become rich. Check third world countries and opportunities vs America
Only >1% of people are actually good at the stock market and the market is fake. Snapchat lost value when Kylie Jenner said she doesn't use it much. It's fake, totally fake. Real estate is real and worth investing in because it's REAL. You need real estate to live, work, take vacations, shop, buy things, and more. You have to have land in society to survive. Once you own real estate you can rent/lease it for MRR (monthly recurring revenue).
The world has changed but people still behave in absolete Way.
The most important thing Robert does is make you think!!!
I understand that, but slave type jobs also kills the entrepreneurial spirit. We are trapped, as there are advantages and disadvantages. Socialism only works until you run out of other people's money as Thatcher once said. Capitalism doesn't work either because greed overtakes. Communism doesn't work either, dictatorship is not the way. A new type of thinking is needed in today's times, but not by hurting the middle class.
"Look here, $&@#:
You failed and you came back.
I'm gonna fail, BUT I'M NEVER COMING BACK."
That's BOSS talk.
I truly admire Robert Kiyosaki's genius. I truly want to learn his new finance hacks
Use mortgages to legally avoid paying business income tax
If everybody gets rich, who is rich?
Nobody is rich, if everybody gets rich... Albert Einstein: Everything is relative...
.
Patrick, I NEVER comment but I would like to thank you for doing what you're doing as far as giving back and helping the ones who want to, become literate about business. This is amazing stuff Patrick. I look forward to meeting you one of these days and having a conversation.
absolute gold! such a blessing, thank you PBD, Bob n Valuetaiment!
10:59 "Debt and taxes make the rich richer. Debt and taxes make the poor and middle class poorer."
It's like the entire video is a ad for his book and the apocalypse that's coming.
I agree with alot of the things that Robert says, but it seems to be he milks way too much off of his "teaching/classes"
This dude sees the further soo true in 2021
I'm in the entrepreneur wagon... and I'm getting away the mindset that this has to work... and I've been hungry and getting smarter... but I got to break my self out of this comfort zone... and I'm doing this because I don't want to pay the government a dam dim...
This man is brilliant... it hard to wrap my head around what he say get in to debt...when there printing... money gets cheaper the more they print... emmm... ok...
Thank you for this incredible interview... wow...
When they print (i.e. they do quantitative easing) two things happen:
- first, they print because they can't stimulate the economy lowering interest rates further (because interest rates are already very low... like now);
- second, the more money are hanging around the less value they have (demand-supply), which means that putting more money out increase inflation (so as time goes on you can buy less stuff using the same amount of money).
In conclusion, when money are printed you have low interest rates and high inflation.
Littleraly it means that cash is trash (as Ray Dalio says)... what's the purpose of having money if they lose value in time and if lending them you're not getting rewarded with a premium??? There is no sense on having savings in cash/money.
Central banks around the world are having negative interest rates... so they are lending money to private banks giving them a premium to keep their money (this is strange right?? someone pays you to keep his money... what does it mean?? that central banks prefer not to keep money in.... so it means that money worths more than what they will worth in the future... this is scary, but if you know it you can act accordingly).
The best things to do are:
- making your money work as an enterpreneur (instead of keeping them in your bank account);
- invest in assets that keep value in case a downturn happens (and it will happen soon);
- keep a fair amount of your savings in gold (what Robert calls "God's money"), something link 15% of what you have sitting in your bank account.
Greetings from Itlay Adam! ;)
More debt = more money needed to print > debt is 💰
“I will always find a way around it” pay attention🤔
this guy clearly did not study economics. printing money is a perfectly sound economic measure to sustain long-term economic growth
This was a really good video. It was cool to see the two of them bond on the camaraderie of the military.
But isn't it salary the first step to becoming entrepreneurs. Everybody was an employee at the beginning.
Yes but the goal is to not to get stuck with a paycheck longterm, everyone has to work here and there to make ends meat but in the long run do not let the paycheck stay because it affects your mindset
Its matter of longterm paycheck, because longterm affects your mindset
Do we really know all the information that we're voting with?... See, this is one of the reasons why I like this channel.
Robert is gingerly telling this guy he has been getting played his whole live..Patricks brain is slowly getting it so far without getting furious . Hope he doesn't shot the messager!
robert your ideas are golden..the reason why i owned apartments now. just ordered your 2 books now. please continue to educate us robert and pat.
EYE OPENING!!! I loved Rich Dad Poor Dad, totally changed my perspective on finance and entrepreneurship. Thank you, Patrick for providing us with this interview. Great content here.
Really enjoyed the video, I met Robert by accident after a NYC Investment Trade show early 2001 or 2002, I happened to wonder by his booth as things were breaking down, I didn't know who he was but he walked up to me and seemed pretty cool, we started talking and he handed me the cassette tape "Get Ready To Be Rich", which I listened on my drive back to Philly, I'm still a work in progress but believe the universe introduces us to certain people on our journey that later we say, Oh now I understand why.... Ciao, ALDO
Oh my God that's the Robert the most inspiring entrepreneur ever. Love this video to the max... Great interview Patrick
Amazing interview, watching it on 2019 and it's like the interview was made this week, he is right on about the quantitative easing policies that are going on right now.
Lol the comment... "Sometimes i sign books that are not mine" They are pirate wow very cool guy he stills signs it
Serious question: if everyone becomes a rich dad...who is going to be doing the work?
You are ;)
Immigrants.
@@rrgz7717 then why are we building a wall ?
Lawrence L The wall’s purpose is to keep illegal immigrants out. Legal immigrants aren’t affected by the wall.
Thank you very much for doing this interview, I bought the immediately from kindle, oh yes. And keep read until 2am. Sold some share this morning , cash is ready and I am waiting for the recession happen, by the way , this coming 15/12/19 US China trade deal is impossible. good luck all
The school system began to fail right after the 1960's what happened then you may ask? Well first and foremost let's talk about why schools were founded in the first place! Schools were founded strictly and solely for learning how to read and understand the Bible. Along with teaching kids morality and logical thinking. Everything we needed and continue to need is the Bible(not religions not Pope's =or so called gods on earth)All of our history is in this one book inspired by God. It contains everything dating back to when he first spoke our world to existence to this exact date.
(hence the name UNI meaning one and VERSE meaning speak in or spoken to existence)
If you analyze and meditate on the scripture you can uncover all the information you need in life the Bible is even a paradigm for sales. It goes hand in hand just like the Bible has its 10 commandments so does sales the Bible mentions the law of sowing and reaping among others they're key factors to being a successful sales person leader or entrepreneur! Am I right or am I right!?
Many believe that this generation is the smartest and most advanced in technology but one question I always ask myself is if we're so smart then why are most people blindly following what we're taught and not taking the time to simply think logically and do their own research and experiments without their scientism ways of thinking.. and by the way this is a book has yet to be proven wrong.
It's so ironic that we not only took God out of school but out of the constitution and our anthem and then started teaching everything that contradicts the Bible. 1. The Evolution Theory & the Big Bang Theory 2. The world is a globe 3. Planets that don't exist including the moon (the moon and the sun are lights not objects the lord states Genesis 1:14-18 "let there be light in the firmament of the heaven to divide the day from the night... And God made two lights; the greater light to rule the day , and the lesser light to rule the night:he made the stars also... and God saw that it was good" 🤔🤔🤔 how smart are we really if people still believing that a horizon aka a HORIZONTAL line can be "curved" ? I could go on and on about this topic but sadly humans tend to make the same mistakes over and over again and I can't force anyone to believe in what they don't want to just like I can't force someone to buy my service/product if they don't want to . At the end of the day they are going to choose what ever is more convenient 2 THEM even if it's not the right thing.
This is one of the best educational videos I have ever watched. Thanks to 2 great guys
Great interview i love this video, it has taught me alot. thanks so much Patrick and Robert. You guys are amazing
+slymeyjae Thanks. He's got a brilliant mind.
I'm in the Philippines, for over 3 years now. I'm originally from infamous Miami, FL, and I'm glad I left. Next is Jordan, it seems! Finally!
Nice! Robert is great! love the content Pat, keep it up
Best interview ever and the good news is that I find this interview in 2019 🙌
Thanks for the interview.
This Channel Rocks 💪🏼🤘🏼 thank you
Goddamn, one of the best Interviews I've seen, and those are alot! Rediculous amounts of value in this video! This is why I love the old AND new Valuetainment! Way to go Patrick! Keep it up, you are awesome!
I want to see Robert and Dave Ramsey have debate
They create a merchant's market...then run away inflation...finally, the economy collapses under 2000% inflation every day or more.
BlessUp Both of Ya'll Gys. I mena Patrick and Robert - for some quiteeee Years ago on your both Vids and Education, Talks and so, Ur Both Wonderful what an awesome Kemestry and Match for ya'll to sit down and talk. Stay Blessed,
I think most of the things he says are true, but not all. Something about him comes off as sales like which I don't like.
Awesome video! There’s a great video I just watched on UA-cam on buckminster. The guy he talks about. Very enlightening
“…..and the Dow is at 18,000.” Now, years later, it’s at 40,000, and since the interview we’ve printed 40% of all dollars ever in circulation. We’ve thrown trillions of fake Fiat currency at the economy, and inflation is skyrocketing. Everything he says is correct in the environment that he described has only gotten worse.
What Robert says school education will be obsolete once someone graduates is wrong.....He forgets in school before are taught how to think for themselves and solve problems....Its not like they absorb TBs of raw information like sponges...And there are primary fundamentals people are equipped to help them think for themselves,Moseley Law cant bend them as he thinks would!
Mr. Kiyosaki ,when you say knowledge becomes obsolete every eighteen months, could I possibly be reading out dated information when I read Rich Dad; Poor Dad since you wrote it decades ago? Just curious.
Kiyosaki never created anything…, he is poor bussinessman, he has no buissness. He becoume famous becouse MLM Company named AMWAY... , they ordered his book to millions of theier members
Ok,. So Book #2 is simply, "I told you so".......got it!
This is brilliant please please please please do a video on the tax breaks I would like to learn how to properly do that due to the fact that I am a 1099
This guy is amazing!
Thanks for this video
*Wow, this is awesome!*
Excellent interview! I'm a huge Robert Kiyosaki fan. Thank you so much Pat.
Great Interview but heads up, Pat says he didn't like the interviews below 40 minutes... Now I'm sure that was the case with jerry springer but robert seems to me at least to be a fairly down to earth dude and a positive interview. IDK But then again he did another interview that was an hour with robert, So I think this is an anomaly.
I agree more with the financial principles/ teachings of Dave Ramsey .
Kiyosaki has good ideas but I don’t believe his principles are applicable to all aspects and careers , whereas Dave Ramsey’s ideas are.
Great video Pat
Excellent interview.
I've recently started watching your videos - Thank you Pat for the amazing content!
Your videos are really helpful and straight to the point.
Am I the only one that noticed Rob didn’t answer some of pats questions? He would just reroute the answer to something different.?
Brilliant interview can't believe I've only just found this
The past deer anatomically cross because turret hepatosplenomegaly pull from a empty daniel. jobless, easy cricket
Thank you for such a superb interview. Love it.
Very powerful interview, thank you so much Pat.
+sha2bron2 👍👊😎
Too sad to see why has this video ONLY a few hundred thousands views.. :/ Top!!
Just make sure you got some bitcoins when it hits 100K
Very interesting...I am going to get this book
Super interesting person, makes me think very deep!
9:53 favorite part 😁
I watched the whole thing. Kiyosaki is a legend
awesome video mentor...i love this
Thanks for the excellent interview.
do a video on how a small business can take advantage of the tax system as big businesses do?
Use debt to get rich but get your debt under your control...
Stats lie...
Great interview Patrick, however I wish It could ended up with an action plan for entrepreneurs, it's easy to say no to pay checks when you make 33 millions a year but for new entrepreneurs with family and bills to pay is not so easy, It would be great if you could make a video about first steps for smooth switching from employed to entrepreneurship. I felt the connection when Robert talked about leaving Xerox company but what did he do after exactly? how did he started making some income to pay the bills by end of the month? Cheers.
Diego there are two extremely good books that will help answer your questions and how to make that transitions and it is the E-Myth and Rich Dad's Cashflow quadrant if you have yet to read those are the two I would highly recommend. This also goes out to anyone who has the same question like that.
This is cool but all of us who are watching are having difficulty making the money to invest
It's gradual. Also seek other outlets of making money, not just slaving for a wage. You'll find it easier although potentially still difficult depending on the methods you choose. However any other methods on top of potentially your salary/slave wage will do you nothing but justice
sychophantt you have to give things up to get the money i have gone bankrupt i was liveing a middel class life and had no money but liabilitys and i gave them all up and now i sleep on a cot and share a room and i only pay 130 a month for rent now i have more to invest things will change soon rags to riches
this has a lot of swag! & mental shampoo .. thanks 4 the interview
So valuable! Thank you!
Partrick, love your Chanel :)
+Kisa James Thanks. You can find more content on www.patrickbetdavid.com
Mindset - skillset - RULES! GOT IT...