[Script Info]
Title: 
[Events]
Format: Layer, Start, End, Style, Name, MarginL, MarginR, MarginV, Effect, Text
Dialogue: 0,0:00:00.00,0:00:00.78,Default,,0000,0000,0000,,The reason I wrote
Dialogue: 0,0:00:00.78,0:00:02.08,Default,,0000,0000,0000,,The Rich Dad Poor Dad was
Dialogue: 0,0:00:02.08,0:00:04.10,Default,,0000,0000,0000,,Because I knew this time was coming
Dialogue: 0,0:00:04.10,0:00:08.34,Default,,0000,0000,0000,,[Music]
Dialogue: 0,0:00:08.34,0:00:11.85,Default,,0000,0000,0000,,And we have as world have never been here before
Dialogue: 0,0:00:12.25,0:00:13.59,Default,,0000,0000,0000,,and so it's a spooky time
Dialogue: 0,0:00:13.59,0:00:14.56,Default,,0000,0000,0000,,Damn yet
Dialogue: 0,0:00:14.96,0:00:16.97,Default,,0000,0000,0000,,It's probably the most dangerous time
Dialogue: 0,0:00:17.03,0:00:18.64,Default,,0000,0000,0000,,Ever ever ever ever
Dialogue: 0,0:00:18.79,0:00:20.66,Default,,0000,0000,0000,,There's nothing to compare it to
Dialogue: 0,0:00:20.66,0:00:23.25,Default,,0000,0000,0000,,because there's never been a world economy before
Dialogue: 0,0:00:23.25,0:00:24.01,Default,,0000,0000,0000,,For example
Dialogue: 0,0:00:24.01,0:00:25.74,Default,,0000,0000,0000,,you know 100 years ago
Dialogue: 0,0:00:25.74,0:00:28.36,Default,,0000,0000,0000,,if there was a stock market crash in England
Dialogue: 0,0:00:28.36,0:00:29.61,Default,,0000,0000,0000,,Didn't affect anybody
Dialogue: 0,0:00:29.61,0:00:31.46,Default,,0000,0000,0000,,but now the US market goes down
Dialogue: 0,0:00:31.46,0:00:32.69,Default,,0000,0000,0000,,the world goes down
Dialogue: 0,0:00:32.69,0:00:34.54,Default,,0000,0000,0000,,So plus with social media
Dialogue: 0,0:00:34.54,0:00:36.56,Default,,0000,0000,0000,,and all this we're doing right now
Dialogue: 0,0:00:37.20,0:00:38.100,Default,,0000,0000,0000,,so we've never been here before
Dialogue: 0,0:00:39.10,0:00:40.89,Default,,0000,0000,0000,,and
Dialogue: 0,0:00:40.89,0:00:41.89,Default,,0000,0000,0000,,You know I
Dialogue: 0,0:00:41.89,0:00:43.89,Default,,0000,0000,0000,,I'm excited about it
Dialogue: 0,0:00:43.89,0:00:46.34,Default,,0000,0000,0000,,Because I make more money in crashes
Dialogue: 0,0:00:46.34,0:00:48.11,Default,,0000,0000,0000,,than I do when they go up
Dialogue: 0,0:00:48.11,0:00:49.56,Default,,0000,0000,0000,,so but for the average person
Dialogue: 0,0:00:49.56,0:00:50.99,Default,,0000,0000,0000,,they'll get wiped out
Dialogue: 0,0:00:50.99,0:00:52.76,Default,,0000,0000,0000,,I'm afraid at the worst
Dialogue: 0,0:00:52.76,0:00:53.94,Default,,0000,0000,0000,,I hope I'm wrong
Dialogue: 0,0:00:53.94,0:00:55.07,Default,,0000,0000,0000,,but I think we head for
Dialogue: 0,0:00:55.07,0:00:56.79,Default,,0000,0000,0000,,a global depression
Dialogue: 0,0:00:56.79,0:00:59.42,Default,,0000,0000,0000,,How does this play out
Dialogue: 0,0:00:59.42,0:01:00.88,Default,,0000,0000,0000,,for the average worker
Dialogue: 0,0:01:00.88,0:01:02.72,Default,,0000,0000,0000,,for the small business owner
Dialogue: 0,0:01:02.72,0:01:04.89,Default,,0000,0000,0000,,I mean what's the next 3 months look like?
Dialogue: 0,0:01:04.89,0:01:05.71,Default,,0000,0000,0000,,because it doesn't look preaty
Dialogue: 0,0:01:05.71,0:01:07.51,Default,,0000,0000,0000,,I mean people are already being laid off
Dialogue: 0,0:01:07.51,0:01:08.81,Default,,0000,0000,0000,,made redundant
Dialogue: 0,0:01:08.81,0:01:09.75,Default,,0000,0000,0000,,businesses are
Dialogue: 0,0:01:09.75,0:01:12.34,Default,,0000,0000,0000,,there's no cash flow in most of these businesses
Dialogue: 0,0:01:12.34,0:01:14.04,Default,,0000,0000,0000,,How does that play out?
Dialogue: 0,0:01:14.04,0:01:14.77,Default,,0000,0000,0000,,Well let me give you
Dialogue: 0,0:01:14.77,0:01:15.67,Default,,0000,0000,0000,,one more step
Dialogue: 0,0:01:15.67,0:01:17.59,Default,,0000,0000,0000,,just to give you the size of it okay
Dialogue: 0,0:01:17.59,0:01:21.59,Default,,0000,0000,0000,,The national debt for WW2 was 25 billions
Dialogue: 0,0:01:22.63,0:01:24.65,Default,,0000,0000,0000,,Everyday today
Dialogue: 0,0:01:24.79,0:01:28.99,Default,,0000,0000,0000,,Everyday they're printing 125 billions
Dialogue: 0,0:01:28.99,0:01:31.02,Default,,0000,0000,0000,,Every single day
Dialogue: 0,0:01:31.02,0:01:33.56,Default,,0000,0000,0000,,that's like five WW2 per day
Dialogue: 0,0:01:33.56,0:01:36.01,Default,,0000,0000,0000,,They're printing so much money
Dialogue: 0,0:01:36.01,0:01:38.45,Default,,0000,0000,0000,,to keep this think a hot of air balloon
Dialogue: 0,0:01:38.45,0:01:40.36,Default,,0000,0000,0000,,with a tear in it
Dialogue: 0,0:01:40.36,0:01:41.96,Default,,0000,0000,0000,,and they're doing desperately
Dialogue: 0,0:01:41.96,0:01:43.26,Default,,0000,0000,0000,,trying to fix this tear
Dialogue: 0,0:01:43.26,0:01:44.83,Default,,0000,0000,0000,,but no matter how hard they try
Dialogue: 0,0:01:44.83,0:01:45.88,Default,,0000,0000,0000,,the tear has gone beyond
Dialogue: 0,0:01:45.88,0:01:47.42,Default,,0000,0000,0000,,it's coming down
Dialogue: 0,0:01:47.42,0:01:48.99,Default,,0000,0000,0000,,so in financial terms
Dialogue: 0,0:01:48.99,0:01:51.01,Default,,0000,0000,0000,,it's called out debt-to-GDP
Dialogue: 0,0:01:51.01,0:01:53.43,Default,,0000,0000,0000,,has now gone from 60% to 90%
Dialogue: 0,0:01:53.43,0:01:54.18,Default,,0000,0000,0000,,to 105%
Dialogue: 0,0:01:54.18,0:01:55.69,Default,,0000,0000,0000,,it's going to 120%
Dialogue: 0,0:01:55.69,0:01:56.87,Default,,0000,0000,0000,,we're bankrupt
Dialogue: 0,0:01:56.87,0:01:58.04,Default,,0000,0000,0000,,and they are going to print
Dialogue: 0,0:01:58.04,0:01:58.67,Default,,0000,0000,0000,,more and more money
Dialogue: 0,0:01:58.67,0:01:59.90,Default,,0000,0000,0000,,which means savers are losers
Dialogue: 0,0:01:59.90,0:02:01.70,Default,,0000,0000,0000,,just as I predicted
Dialogue: 0,0:02:01.70,0:02:02.91,Default,,0000,0000,0000,,your money is going to be worthless
Dialogue: 0,0:02:02.91,0:02:03.99,Default,,0000,0000,0000,,in a few years
Dialogue: 0,0:02:04.32,0:02:05.34,Default,,0000,0000,0000,,So
Dialogue: 0,0:02:05.34,0:02:07.10,Default,,0000,0000,0000,,my messages is same
Dialogue: 0,0:02:07.10,0:02:09.04,Default,,0000,0000,0000,,as some of your other guests
Dialogue: 0,0:02:09.04,0:02:10.94,Default,,0000,0000,0000,,this is metamorphosis time
Dialogue: 0,0:02:10.94,0:02:13.31,Default,,0000,0000,0000,,Financial education in Rich Dad's terms
Dialogue: 0,0:02:13.31,0:02:17.31,Default,,0000,0000,0000,,is really financial transformation
Dialogue: 0,0:02:17.31,0:02:19.38,Default,,0000,0000,0000,,and the definition of metamorphosis
Dialogue: 0,0:02:19.38,0:02:21.00,Default,,0000,0000,0000,,is very important
Dialogue: 0,0:02:21.00,0:02:21.94,Default,,0000,0000,0000,,Metamorphosis
Dialogue: 0,0:02:21.94,0:02:23.17,Default,,0000,0000,0000,,The definition is
Dialogue: 0,0:02:23.17,0:02:25.48,Default,,0000,0000,0000,,the evolution or the transformation
Dialogue: 0,0:02:26.11,0:02:28.00,Default,,0000,0000,0000,,from an immature form
Dialogue: 0,0:02:28.57,0:02:31.38,Default,,0000,0000,0000,,to an adult form
Dialogue: 0,0:02:31.38,0:02:33.26,Default,,0000,0000,0000,,an immature form
Dialogue: 0,0:02:33.26,0:02:34.53,Default,,0000,0000,0000,,to an adult form
Dialogue: 0,0:02:34.53,0:02:37.67,Default,,0000,0000,0000,,Metamorphosis is the same as a caterpillar
Dialogue: 0,0:02:37.67,0:02:39.50,Default,,0000,0000,0000,,turning into butterfly
Dialogue: 0,0:02:39.50,0:02:40.83,Default,,0000,0000,0000,,and Fuller always said
Dialogue: 0,0:02:40.83,0:02:42.39,Default,,0000,0000,0000,,"There is nothing to predict
Dialogue: 0,0:02:42.39,0:02:44.09,Default,,0000,0000,0000,,a butterfly inside a caterpillar
Dialogue: 0,0:02:44.30,0:02:46.50,Default,,0000,0000,0000,,So anybody listening right now
Dialogue: 0,0:02:46.50,0:02:48.38,Default,,0000,0000,0000,,if you're struggling financially
Dialogue: 0,0:02:48.38,0:02:49.20,Default,,0000,0000,0000,,just thinking of yourself
Dialogue: 0,0:02:49.20,0:02:50.76,Default,,0000,0000,0000,,as a little caterpillar
Dialogue: 0,0:02:50.76,0:02:52.41,Default,,0000,0000,0000,,and this crisis is your cocoon
Dialogue: 0,0:02:53.60,0:02:55.02,Default,,0000,0000,0000,,The question is
Dialogue: 0,0:02:55.02,0:02:56.63,Default,,0000,0000,0000,,what do you emerge as
Dialogue: 0,0:02:56.63,0:02:58.28,Default,,0000,0000,0000,,Do you emerge as a victim?
Dialogue: 0,0:02:58.28,0:02:58.99,Default,,0000,0000,0000,,You know
Dialogue: 0,0:02:58.99,0:03:00.99,Default,,0000,0000,0000,,"that the world did that to a man"
Dialogue: 0,0:03:00.99,0:03:02.05,Default,,0000,0000,0000,,and "the capitalist are crooks"
Dialogue: 0,0:03:02.05,0:03:03.63,Default,,0000,0000,0000,,"the rich are bastards"
Dialogue: 0,0:03:03.63,0:03:04.70,Default,,0000,0000,0000,,and all this stuffs
Dialogue: 0,0:03:04.70,0:03:05.31,Default,,0000,0000,0000,,or do you say
Dialogue: 0,0:03:05.31,0:03:06.90,Default,,0000,0000,0000,,"Oh"
Dialogue: 0,0:03:06.90,0:03:08.21,Default,,0000,0000,0000,,"this is the best thing that ever
Dialogue: 0,0:03:08.21,0:03:09.45,Default,,0000,0000,0000,,happened to me"
Dialogue: 0,0:03:09.45,0:03:10.85,Default,,0000,0000,0000,,The same as my health
Dialogue: 0,0:03:10.85,0:03:14.20,Default,,0000,0000,0000,,I am groundzero for the coronavirus
Dialogue: 0,0:03:14.20,0:03:15.21,Default,,0000,0000,0000,,all that does
Dialogue: 0,0:03:15.21,0:03:17.91,Default,,0000,0000,0000,,is inspire me to get healthier
Dialogue: 0,0:03:17.91,0:03:19.06,Default,,0000,0000,0000,,You're either going to
Dialogue: 0,0:03:19.06,0:03:20.82,Default,,0000,0000,0000,,get healthier and wealthier
Dialogue: 0,0:03:20.82,0:03:22.18,Default,,0000,0000,0000,,or your going to go bust
Dialogue: 0,0:03:22.18,0:03:23.20,Default,,0000,0000,0000,,Your choice
Dialogue: 0,0:03:23.20,0:03:24.96,Default,,0000,0000,0000,,It's between your ears
Dialogue: 0,0:03:24.96,0:03:25.80,Default,,0000,0000,0000,,your heart
Dialogue: 0,0:03:25.80,0:03:26.41,Default,,0000,0000,0000,,your body
Dialogue: 0,0:03:26.41,0:03:27.11,Default,,0000,0000,0000,,your mind
Dialogue: 0,0:03:27.11,0:03:27.63,Default,,0000,0000,0000,,your spirit
Dialogue: 0,0:03:27.63,0:03:28.80,Default,,0000,0000,0000,,your attitude
Dialogue: 0,0:03:28.80,0:03:29.81,Default,,0000,0000,0000,,This could be the best thing
Dialogue: 0,0:03:29.81,0:03:31.04,Default,,0000,0000,0000,,that ever happened to you
Dialogue: 0,0:03:31.04,0:03:32.09,Default,,0000,0000,0000,,Physically
Dialogue: 0,0:03:32.09,0:03:33.18,Default,,0000,0000,0000,,mentally
Dialogue: 0,0:03:33.18,0:03:34.01,Default,,0000,0000,0000,,emotionally
Dialogue: 0,0:03:34.01,0:03:35.01,Default,,0000,0000,0000,,spiritually
Dialogue: 0,0:03:35.01,0:03:37.12,Default,,0000,0000,0000,,If you turn out to a butterfly
Dialogue: 0,0:03:37.12,0:03:38.84,Default,,0000,0000,0000,,or somebody will step on you
Dialogue: 0,0:03:38.84,0:03:40.28,Default,,0000,0000,0000,,like a little worm
Dialogue: 0,0:03:40.28,0:03:41.24,Default,,0000,0000,0000,,it's your choice
Dialogue: 0,0:03:45.56,0:03:48.74,Default,,0000,0000,0000,,Now if you are in trouble today
Dialogue: 0,0:03:48.74,0:03:50.34,Default,,0000,0000,0000,,my messege is not so kind
Dialogue: 0,0:03:50.34,0:03:53.63,Default,,0000,0000,0000,,this is hard talk not happy talk
Dialogue: 0,0:03:53.63,0:03:55.67,Default,,0000,0000,0000,,The crisis is in your head
Dialogue: 0,0:03:55.67,0:03:57.68,Default,,0000,0000,0000,,now that's the bad news
Dialogue: 0,0:03:58.76,0:04:00.48,Default,,0000,0000,0000,,The good news
Dialogue: 0,0:04:00.48,0:04:01.91,Default,,0000,0000,0000,,you can change the crisis by changing
Dialogue: 0,0:04:01.91,0:04:03.47,Default,,0000,0000,0000,,what's inside your head
Dialogue: 0,0:04:03.47,0:04:04.61,Default,,0000,0000,0000,,and so I'm doing
Dialogue: 0,0:04:04.61,0:04:05.53,Default,,0000,0000,0000,,I'm hating brag
Dialogue: 0,0:04:05.53,0:04:08.35,Default,,0000,0000,0000,,but I'm doing extremely well financially today
Dialogue: 0,0:04:08.35,0:04:10.43,Default,,0000,0000,0000,,because as I was warning everybody
Dialogue: 0,0:04:10.43,0:04:12.24,Default,,0000,0000,0000,,this crisis was coming
Dialogue: 0,0:04:12.24,0:04:14.84,Default,,0000,0000,0000,,but it would be irresponsible of me
Dialogue: 0,0:04:14.84,0:04:17.03,Default,,0000,0000,0000,,to warning people of the crisis
Dialogue: 0,0:04:17.03,0:04:21.03,Default,,0000,0000,0000,,and not personally make changes myself
Dialogue: 0,0:04:21.03,0:04:22.20,Default,,0000,0000,0000,,So the good news is
Dialogue: 0,0:04:22.20,0:04:23.50,Default,,0000,0000,0000,,the crisis in your head
Dialogue: 0,0:04:23.50,0:04:26.30,Default,,0000,0000,0000,,the bad news it is in your head
Dialogue: 0,0:04:26.87,0:04:28.91,Default,,0000,0000,0000,,the most important thing you can have
Dialogue: 0,0:04:28.91,0:04:30.47,Default,,0000,0000,0000,,not now is not job security
Dialogue: 0,0:04:30.47,0:04:31.94,Default,,0000,0000,0000,,but meaningful work
Dialogue: 0,0:04:31.94,0:04:34.05,Default,,0000,0000,0000,,So you and I don't need the money
Dialogue: 0,0:04:34.05,0:04:35.39,Default,,0000,0000,0000,,but our work is meaningful
Dialogue: 0,0:04:35.39,0:04:38.04,Default,,0000,0000,0000,,and it's our meaningful work
Dialogue: 0,0:04:38.04,0:04:40.18,Default,,0000,0000,0000,,that get's us through the hard times
Dialogue: 0,0:04:40.18,0:04:41.64,Default,,0000,0000,0000,,So the good news is
Dialogue: 0,0:04:41.64,0:04:43.14,Default,,0000,0000,0000,,my company is sold out
Dialogue: 0,0:04:43.14,0:04:44.93,Default,,0000,0000,0000,,we can not keep up the product
Dialogue: 0,0:04:44.97,0:04:47.81,Default,,0000,0000,0000,,The bad news is supply chain shutdown
Dialogue: 0,0:04:47.81,0:04:49.93,Default,,0000,0000,0000,,but that's a good problem
Dialogue: 0,0:04:49.93,0:04:51.54,Default,,0000,0000,0000,,We have tons of cash
Dialogue: 0,0:04:51.54,0:04:52.89,Default,,0000,0000,0000,,I've gold I've silver
Dialogue: 0,0:04:54.58,0:04:57.91,Default,,0000,0000,0000,,I do have challenges in the real estate market
Dialogue: 0,0:04:57.94,0:04:59.42,Default,,0000,0000,0000,,but that's going to make me stronger
Dialogue: 0,0:04:59.42,0:05:01.41,Default,,0000,0000,0000,,that's my own attitude I can have
Dialogue: 0,0:05:01.41,0:05:03.02,Default,,0000,0000,0000,,otherwise I just cry and said well
Dialogue: 0,0:05:03.02,0:05:05.17,Default,,0000,0000,0000,,the government should take care of me
Dialogue: 0,0:05:05.17,0:05:07.59,Default,,0000,0000,0000,,I need a bailout money understandable
Dialogue: 0,0:05:07.59,0:05:08.86,Default,,0000,0000,0000,,So what can I do?
Dialogue: 0,0:05:08.97,0:05:10.58,Default,,0000,0000,0000,,I'm one of them. What do I do?
Dialogue: 0,0:05:10.58,0:05:11.97,Default,,0000,0000,0000,,This would go back to employee
Dialogue: 0,0:05:11.97,0:05:13.88,Default,,0000,0000,0000,,self employee business owner
Dialogue: 0,0:05:13.88,0:05:15.87,Default,,0000,0000,0000,,It's investor like go find the business
Dialogue: 0,0:05:15.87,0:05:16.93,Default,,0000,0000,0000,,go start the business
Dialogue: 0,0:05:16.93,0:05:18.98,Default,,0000,0000,0000,,go reposition yourself career-wise
Dialogue: 0,0:05:18.98,0:05:20.95,Default,,0000,0000,0000,,you know is there a
Dialogue: 0,0:05:20.95,0:05:22.94,Default,,0000,0000,0000,,1-2-3 steps processes on
Dialogue: 0,0:05:22.94,0:05:24.79,Default,,0000,0000,0000,,what I can do to be prepared for it
Dialogue: 0,0:05:24.79,0:05:27.51,Default,,0000,0000,0000,,I have a friend in Panama
Dialogue: 0,0:05:27.51,0:05:29.01,Default,,0000,0000,0000,,He has avocado farm
Dialogue: 0,0:05:29.80,0:05:31.47,Default,,0000,0000,0000,,So he say it again
Dialogue: 0,0:05:31.47,0:05:32.89,Default,,0000,0000,0000,,Panama growing avocados
Dialogue: 0,0:05:32.89,0:05:34.73,Default,,0000,0000,0000,,he says good people have to eat
Dialogue: 0,0:05:34.73,0:05:37.42,Default,,0000,0000,0000,,Another guys friend of mine grew blueberries
Dialogue: 0,0:05:37.42,0:05:38.62,Default,,0000,0000,0000,,but another friend of mine
Dialogue: 0,0:05:40.87,0:05:42.66,Default,,0000,0000,0000,,he is from Seattle excuse me
Dialogue: 0,0:05:42.66,0:05:45.21,Default,,0000,0000,0000,,he had a big house his kids all move out
Dialogue: 0,0:05:45.21,0:05:46.81,Default,,0000,0000,0000,,so he converts the kids bedrooms
Dialogue: 0,0:05:46.81,0:05:48.45,Default,,0000,0000,0000,,into one-bedroom appartments
Dialogue: 0,0:05:49.91,0:05:50.98,Default,,0000,0000,0000,,So he put a ktichen
Dialogue: 0,0:05:50.98,0:05:52.31,Default,,0000,0000,0000,,and he put a toilet
Dialogue: 0,0:05:52.31,0:05:54.57,Default,,0000,0000,0000,,inside a little bedroom
Dialogue: 0,0:05:54.57,0:05:56.72,Default,,0000,0000,0000,,and so he know rents out four bedrooms
Dialogue: 0,0:05:56.72,0:05:58.75,Default,,0000,0000,0000,,he is making more money today than before
Dialogue: 0,0:05:58.75,0:06:00.06,Default,,0000,0000,0000,,because a lot of workers
Dialogue: 0,0:06:00.06,0:06:01.23,Default,,0000,0000,0000,,commute to Seattle
Dialogue: 0,0:06:01.93,0:06:02.90,Default,,0000,0000,0000,,So they come in
Dialogue: 0,0:06:02.90,0:06:03.68,Default,,0000,0000,0000,,they check in
Dialogue: 0,0:06:03.68,0:06:05.04,Default,,0000,0000,0000,,the come in on Sunday night
Dialogue: 0,0:06:05.04,0:06:07.09,Default,,0000,0000,0000,,they check out on Saturday afernoon
Dialogue: 0,0:06:09.87,0:06:12.30,Default,,0000,0000,0000,,So the point is everybody can do something
Dialogue: 0,0:06:12.30,0:06:13.46,Default,,0000,0000,0000,,but you got to figure out
Dialogue: 0,0:06:13.46,0:06:14.98,Default,,0000,0000,0000,,what you going to do
Dialogue: 0,0:06:20.40,0:06:21.95,Default,,0000,0000,0000,,Well the reason
Dialogue: 0,0:06:21.95,0:06:23.38,Default,,0000,0000,0000,,the rich don't work for money
Dialogue: 0,0:06:23.38,0:06:25.26,Default,,0000,0000,0000,,is no 1 expensive tax
Dialogue: 0,0:06:25.26,0:06:27.30,Default,,0000,0000,0000,,See there are 3 kinds of income
Dialogue: 0,0:06:27.30,0:06:28.05,Default,,0000,0000,0000,,Earned
Dialogue: 0,0:06:28.05,0:06:28.94,Default,,0000,0000,0000,,Portfolio
Dialogue: 0,0:06:28.99,0:06:29.86,Default,,0000,0000,0000,,Passive
Dialogue: 0,0:06:30.58,0:06:32.39,Default,,0000,0000,0000,,So earn income is if I get a job
Dialogue: 0,0:06:32.39,0:06:34.08,Default,,0000,0000,0000,,it's earned income
Dialogue: 0,0:06:34.08,0:06:35.94,Default,,0000,0000,0000,,If I am a doctor or programmer
Dialogue: 0,0:06:36.37,0:06:37.48,Default,,0000,0000,0000,,that's earned income
Dialogue: 0,0:06:37.48,0:06:39.09,Default,,0000,0000,0000,,because I'm working for it
Dialogue: 0,0:06:39.51,0:06:42.33,Default,,0000,0000,0000,,If I buy us if I buy let say apple for $10
Dialogue: 0,0:06:42.33,0:06:43.68,Default,,0000,0000,0000,,and sent it for $20
Dialogue: 0,0:06:44.45,0:06:45.45,Default,,0000,0000,0000,,that's a
Dialogue: 0,0:06:46.46,0:06:47.34,Default,,0000,0000,0000,,porfolio income
Dialogue: 0,0:06:47.85,0:06:48.87,Default,,0000,0000,0000,,capital gains
Dialogue: 0,0:06:49.54,0:06:51.98,Default,,0000,0000,0000,,but passive incomes which is cash flow
Dialogue: 0,0:06:53.77,0:06:55.10,Default,,0000,0000,0000,,It's never tax
Dialogue: 0,0:06:55.10,0:06:56.03,Default,,0000,0000,0000,,So it's not
Dialogue: 0,0:06:56.03,0:06:57.98,Default,,0000,0000,0000,,and that's all these guys are screaming
Dialogue: 0,0:06:57.98,0:06:59.44,Default,,0000,0000,0000,,right now in America
Dialogue: 0,0:06:59.44,0:07:02.67,Default,,0000,0000,0000,,"Tax the rich" I said goodluck
Dialogue: 0,0:07:02.90,0:07:05.13,Default,,0000,0000,0000,,because most of those guys complaining
Dialogue: 0,0:07:05.13,0:07:07.03,Default,,0000,0000,0000,,they don't know those 3 kinds of incomes
Dialogue: 0,0:07:07.03,0:07:09.74,Default,,0000,0000,0000,,and the rich don't have jobs anyway
Dialogue: 0,0:07:09.74,0:07:11.54,Default,,0000,0000,0000,,they have assets
Dialogue: 0,0:07:11.70,0:07:13.57,Default,,0000,0000,0000,,and so the average small out there
Dialogue: 0,0:07:13.57,0:07:15.76,Default,,0000,0000,0000,,poor guy you know sent the kids to school
Dialogue: 0,0:07:15.76,0:07:17.51,Default,,0000,0000,0000,,they don't learn this
Dialogue: 0,0:07:17.51,0:07:18.96,Default,,0000,0000,0000,,So that's why a fake because
Dialogue: 0,0:07:18.96,0:07:20.34,Default,,0000,0000,0000,,you were talking about it
Dialogue: 0,0:07:20.34,0:07:21.67,Default,,0000,0000,0000,,It's a newspaper article
Dialogue: 0,0:07:21.67,0:07:23.01,Default,,0000,0000,0000,,about Jarred Kushner
Dialogue: 0,0:07:23.01,0:07:25.87,Default,,0000,0000,0000,,and he explained how the Trumps and Kushner
Dialogue: 0,0:07:25.87,0:07:26.92,Default,,0000,0000,0000,,don't pay taxes
Dialogue: 0,0:07:26.92,0:07:28.32,Default,,0000,0000,0000,,and make million of dollars
Dialogue: 0,0:07:28.32,0:07:30.61,Default,,0000,0000,0000,,and the reporter couldn't understand him
Dialogue: 0,0:07:30.61,0:07:32.47,Default,,0000,0000,0000,,because they're not
Dialogue: 0,0:07:32.47,0:07:35.54,Default,,0000,0000,0000,,our school never teach that 3 types of income
Dialogue: 0,0:07:35.54,0:07:36.32,Default,,0000,0000,0000,,and they judge him
Dialogue: 0,0:07:36.32,0:07:37.62,Default,,0000,0000,0000,,and say they're wrong
Dialogue: 0,0:07:37.62,0:07:38.36,Default,,0000,0000,0000,,and it's cheating
Dialogue: 0,0:07:38.36,0:07:39.99,Default,,0000,0000,0000,,and we see it over and over again
Dialogue: 0,0:07:39.99,0:07:41.54,Default,,0000,0000,0000,,Amazon not paying taxes
Dialogue: 0,0:07:41.54,0:07:43.01,Default,,0000,0000,0000,,What do you say to people when they come
Dialogue: 0,0:07:43.01,0:07:44.68,Default,,0000,0000,0000,,to say "Robert, that's not fair."
Dialogue: 0,0:07:44.68,0:07:46.96,Default,,0000,0000,0000,,"It's not fair. They aren't paying taxes."
Dialogue: 0,0:07:46.96,0:07:49.04,Default,,0000,0000,0000,,Well there are always 3 sides to a coin
Dialogue: 0,0:07:49.04,0:07:51.07,Default,,0000,0000,0000,,you know, heads, tails and the edge
Dialogue: 0,0:07:51.81,0:07:52.61,Default,,0000,0000,0000,,you know
Dialogue: 0,0:07:52.61,0:07:54.00,Default,,0000,0000,0000,,So which side of the coin on you are?
Dialogue: 0,0:07:54.00,0:07:56.04,Default,,0000,0000,0000,,From my side it's fair
Dialogue: 0,0:07:56.04,0:07:57.48,Default,,0000,0000,0000,,But this is the difference
Dialogue: 0,0:07:57.48,0:07:59.44,Default,,0000,0000,0000,,everybody can do it the same thing I do
Dialogue: 0,0:07:59.44,0:08:01.72,Default,,0000,0000,0000,,The Tax Laws are for everybody
Dialogue: 0,0:08:01.72,0:08:02.74,Default,,0000,0000,0000,,They don't say
Dialogue: 0,0:08:02.74,0:08:05.07,Default,,0000,0000,0000,,"well the tax is only for the rich" No.
Dialogue: 0,0:08:05.07,0:08:07.97,Default,,0000,0000,0000,,The Tax Laws are for everybody to use
Dialogue: 0,0:08:07.97,0:08:11.00,Default,,0000,0000,0000,,if you've the right financial education
Dialogue: 0,0:08:11.00,0:08:12.77,Default,,0000,0000,0000,,And the reason I'm advocate of
Dialogue: 0,0:08:12.77,0:08:13.73,Default,,0000,0000,0000,,financial education
Dialogue: 0,0:08:13.73,0:08:14.98,Default,,0000,0000,0000,,without that education
Dialogue: 0,0:08:14.98,0:08:16.92,Default,,0000,0000,0000,,You have to pay taxes.
Dialogue: 0,0:08:16.93,0:08:19.22,Default,,0000,0000,0000,,You see very few people will buy
Dialogue: 0,0:08:19.22,0:08:20.23,Default,,0000,0000,0000,,what I do
Dialogue: 0,0:08:20.95,0:08:23.62,Default,,0000,0000,0000,,make a million of dollars pay zero tax
Dialogue: 0,0:08:24.48,0:08:25.52,Default,,0000,0000,0000,,that takes
Dialogue: 0,0:08:25.73,0:08:26.99,Default,,0000,0000,0000,,And my rich dad taught me
Dialogue: 0,0:08:27.00,0:08:27.94,Default,,0000,0000,0000,,that playing monopoly
Dialogue: 0,0:08:27.94,0:08:28.94,Default,,0000,0000,0000,,That's how it turns
Dialogue: 0,0:08:28.94,0:08:32.65,Default,,0000,0000,0000,,You need 4 green houses and 1 red hotel
Dialogue: 0,0:08:32.65,0:08:34.60,Default,,0000,0000,0000,,or the Mc Donald's one. I write about that
Dialogue: 0,0:08:34.60,0:08:35.51,Default,,0000,0000,0000,,Mc Donalds Ray Kroc
Dialogue: 0,0:08:35.51,0:08:36.94,Default,,0000,0000,0000,,Yeah
Dialogue: 0,0:08:36.94,0:08:38.45,Default,,0000,0000,0000,,Mc Donald's is in the real estate business
Dialogue: 0,0:08:38.45,0:08:39.52,Default,,0000,0000,0000,,So they sell humbergers
Dialogue: 0,0:08:39.52,0:08:40.67,Default,,0000,0000,0000,,but they but real estate
Dialogue: 0,0:08:40.67,0:08:41.95,Default,,0000,0000,0000,,so they pay no taxes
Dialogue: 0,0:08:42.67,0:08:44.45,Default,,0000,0000,0000,,You know this guys Bezos
Dialogue: 0,0:08:44.45,0:08:46.30,Default,,0000,0000,0000,,he is 16 billion dollars
Dialogue: 0,0:08:46.30,0:08:48.82,Default,,0000,0000,0000,,how much taxes he pays under 16 billions
Dialogue: 0,0:08:49.79,0:08:50.57,Default,,0000,0000,0000,,zero
Dialogue: 0,0:08:51.50,0:08:52.72,Default,,0000,0000,0000,,And that's all legal
Dialogue: 0,0:08:52.72,0:08:53.70,Default,,0000,0000,0000,,Anyone can do it
Dialogue: 0,0:08:53.70,0:08:54.62,Default,,0000,0000,0000,,Everybody can do it
Dialogue: 0,0:08:54.62,0:08:57.14,Default,,0000,0000,0000,,But everyone. Most people lack the education
Dialogue: 0,0:08:57.14,0:08:57.78,Default,,0000,0000,0000,,Correct
Dialogue: 0,0:08:57.78,0:08:59.58,Default,,0000,0000,0000,,So Jarrod learn about money
Dialogue: 0,0:08:59.58,0:09:00.42,Default,,0000,0000,0000,,when he was a kid
Dialogue: 0,0:09:00.42,0:09:01.26,Default,,0000,0000,0000,,by watching his father
Dialogue: 0,0:09:01.26,0:09:03.24,Default,,0000,0000,0000,,by watching his people in real estate and said
Dialogue: 0,0:09:03.24,0:09:07.16,Default,,0000,0000,0000,,Wow. Not only you get to make the money, you get to keep the money.
Dialogue: 0,0:09:07.16,0:09:09.18,Default,,0000,0000,0000,,That's a big problem a lot of people don't understand
Dialogue: 0,0:09:09.18,0:09:11.99,Default,,0000,0000,0000,,Look at how much money I make but how much do you keep
Dialogue: 0,0:09:11.99,0:09:15.58,Default,,0000,0000,0000,,Because it can be half [The tax that you pay].
Dialogue: 0,0:09:15.58,0:09:19.18,Default,,0000,0000,0000,,And so when you always say this is the law. The law is true for every citizen.
Dialogue: 0,0:09:19.18,0:09:21.90,Default,,0000,0000,0000,,You can do it but most people just don't do it.
Dialogue: 0,0:09:21.90,0:09:24.30,Default,,0000,0000,0000,,Sometimes like you said they don't have the education
Dialogue: 0,0:09:24.30,0:09:26.31,Default,,0000,0000,0000,,Because you need to have a plan
Dialogue: 0,0:09:26.31,0:09:28.73,Default,,0000,0000,0000,,If you going to do risky thing
Dialogue: 0,0:09:28.73,0:09:31.86,Default,,0000,0000,0000,,Well it's not risky. I mean to me what's risky is having a job
Dialogue: 0,0:09:31.86,0:09:33.65,Default,,0000,0000,0000,,and paying taxes. [Yeah]
Dialogue: 0,0:09:33.65,0:09:36.69,Default,,0000,0000,0000,,And saving money because they're printing.
Dialogue: 0,0:09:37.59,0:09:38.78,Default,,0000,0000,0000,,You know
Dialogue: 0,0:09:38.78,0:09:40.25,Default,,0000,0000,0000,,That's the worst thing of all.
Dialogue: 0,0:09:40.25,0:09:42.07,Default,,0000,0000,0000,,That's why does fake money
Dialogue: 0,0:09:43.46,0:09:44.45,Default,,0000,0000,0000,,fake teachers
Dialogue: 0,0:09:44.45,0:09:47.23,Default,,0000,0000,0000,,The teachers will never. They don't know it. [Right]
Dialogue: 0,0:09:47.23,0:09:48.01,Default,,0000,0000,0000,,And fake assets.
Dialogue: 0,0:09:48.01,0:09:50.33,Default,,0000,0000,0000,,Because Wall Streets or the city of London
Dialogue: 0,0:09:50.33,0:09:52.92,Default,,0000,0000,0000,,or Lehman Brothers or Goldman and all. They are not going to tell you this.
Dialogue: 0,0:09:54.56,0:10:26.31,Default,,0000,0000,0000,,[Music]