THIS IS WHY ONLY 1% SUCCEED | An Eye Opening Interview with Robert Kiyosaki

The reason I wrote

The Rich Dad Poor Dad was

Because I knew this time was coming

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And we have as world have never been here before

and so it's a spooky time

Damn yet

It's probably the most dangerous time

Ever ever ever ever

There's nothing to compare it to

because there's never been a world economy before

For example

you know 100 years ago

if there was a stock market crash in England

Didn't affect anybody

but now the US market goes down

the world goes down

So plus with social media

and all this we're doing right now

so we've never been here before

and

You know I

I'm excited about it

Because I make more money in crashes

than I do when they go up

so but for the average person

they'll get wiped out

I'm afraid at the worst

I hope I'm wrong

but I think we head for

a global depression

How does this play out

for the average worker

for the small business owner

I mean what's the next 3 months look like?

because it doesn't look preaty

I mean people are already being laid off

made redundant

businesses are

there's no cash flow in most of these businesses

How does that play out?

Well let me give you

one more step

just to give you the size of it okay

The national debt for WW2 was 25 billions

Everyday today

Everyday they're printing 125 billions

Every single day

that's like five WW2 per day

They're printing so much money

to keep this think a hot of air balloon

with a tear in it

and they're doing desperately

trying to fix this tear

but no matter how hard they try

the tear has gone beyond

it's coming down

so in financial terms

it's called out debt-to-GDP

has now gone from 60% to 90%

to 105%

it's going to 120%

we're bankrupt

and they are going to print

more and more money

which means savers are losers

just as I predicted

your money is going to be worthless

in a few years

So

my messages is same

as some of your other guests

this is metamorphosis time

Financial education in Rich Dad's terms

is really financial transformation

and the definition of metamorphosis

is very important

Metamorphosis

The definition is

the evolution or the transformation

from an immature form

to an adult form

an immature form

to an adult form

Metamorphosis is the same as a caterpillar

turning into butterfly

and Fuller always said

"There is nothing to predict

a butterfly inside a caterpillar

So anybody listening right now

if you're struggling financially

just thinking of yourself

as a little caterpillar

and this crisis is your cocoon

The question is

what do you emerge as

Do you emerge as a victim?

You know

"that the world did that to a man"

and "the capitalist are crooks"

"the rich are bastards"

and all this stuffs

or do you say

"Oh"

"this is the best thing that ever

happened to me"

The same as my health

I am groundzero for the coronavirus

all that does

is inspire me to get healthier

You're either going to

get healthier and wealthier

or your going to go bust

Your choice

It's between your ears

your heart

your body

your mind

your spirit

your attitude

This could be the best thing

that ever happened to you

Physically

mentally

emotionally

spiritually

If you turn out to a butterfly

or somebody will step on you

like a little worm

it's your choice

Now if you are in trouble today

my messege is not so kind

this is hard talk not happy talk

The crisis is in your head

now that's the bad news

The good news

you can change the crisis by changing

what's inside your head

and so I'm doing

I'm hating brag

but I'm doing extremely well financially today

because as I was warning everybody

this crisis was coming

but it would be irresponsible of me

to warning people of the crisis

and not personally make changes myself

So the good news is

the crisis in your head

the bad news it is in your head

the most important thing you can have

not now is not job security

but meaningful work

So you and I don't need the money

but our work is meaningful

and it's our meaningful work

that get's us through the hard times

So the good news is

my company is sold out

we can not keep up the product

The bad news is supply chain shutdown

but that's a good problem

We have tons of cash

I've gold I've silver

I do have challenges in the real estate market

but that's going to make me stronger

that's my own attitude I can have

otherwise I just cry and said well

the government should take care of me

I need a bailout money understandable

So what can I do?

I'm one of them. What do I do?

This would go back to employee

self employee business owner

It's investor like go find the business

go start the business

go reposition yourself career-wise

you know is there a

1-2-3 steps processes on

what I can do to be prepared for it

I have a friend in Panama

He has avocado farm

So he say it again

Panama growing avocados

he says good people have to eat

Another guys friend of mine grew blueberries

but another friend of mine

he is from Seattle excuse me

he had a big house his kids all move out

so he converts the kids bedrooms

into one-bedroom appartments

So he put a ktichen

and he put a toilet

inside a little bedroom

and so he know rents out four bedrooms

he is making more money today than before

because a lot of workers

commute to Seattle

So they come in

they check in

the come in on Sunday night

they check out on Saturday afernoon

So the point is everybody can do something

but you got to figure out

what you going to do

Well the reason

the rich don't work for money

is no 1 expensive tax

See there are 3 kinds of income

Earned

Portfolio

Passive

So earn income is if I get a job

it's earned income

If I am a doctor or programmer

that's earned income

because I'm working for it

If I buy us if I buy let say apple for $10

and sent it for $20

that's a

porfolio income

capital gains

but passive incomes which is cash flow

It's never tax

So it's not

and that's all these guys are screaming

right now in America

"Tax the rich" I said goodluck

because most of those guys complaining

they don't know those 3 kinds of incomes

and the rich don't have jobs anyway

they have assets

and so the average small out there

poor guy you know sent the kids to school

they don't learn this

So that's why a fake because

you were talking about it

It's a newspaper article

about Jarred Kushner

and he explained how the Trumps and Kushner

don't pay taxes

and make million of dollars

and the reporter couldn't understand him

because they're not

our school never teach that 3 types of income

and they judge him

and say they're wrong

and it's cheating

and we see it over and over again

Amazon not paying taxes

What do you say to people when they come

to say "Robert, that's not fair."

"It's not fair. They aren't paying taxes."

Well there are always 3 sides to a coin

you know, heads, tails and the edge

you know

So which side of the coin on you are?

From my side it's fair

But this is the difference

everybody can do it the same thing I do

The Tax Laws are for everybody

They don't say

"well the tax is only for the rich" No.

The Tax Laws are for everybody to use

if you've the right financial education

And the reason I'm advocate of

financial education

without that education

You have to pay taxes.

You see very few people will buy

what I do

make a million of dollars pay zero tax

that takes

And my rich dad taught me

that playing monopoly

That's how it turns

You need 4 green houses and 1 red hotel

or the Mc Donald's one. I write about that

Mc Donalds Ray Kroc

Yeah

Mc Donald's is in the real estate business

So they sell humbergers

but they but real estate

so they pay no taxes

You know this guys Bezos

he is 16 billion dollars

how much taxes he pays under 16 billions

zero

And that's all legal

Anyone can do it

Everybody can do it

But everyone. Most people lack the education

Correct

So Jarrod learn about money

when he was a kid

by watching his father

by watching his people in real estate and said

Wow. Not only you get to make the money, you get to keep the money.

That's a big problem a lot of people don't understand

Look at how much money I make but how much do you keep

Because it can be half [The tax that you pay].

And so when you always say this is the law. The law is true for every citizen.

You can do it but most people just don't do it.

Sometimes like you said they don't have the education

Because you need to have a plan

If you going to do risky thing

Well it's not risky. I mean to me what's risky is having a job

and paying taxes. [Yeah]

And saving money because they're printing.

You know

That's the worst thing of all.

That's why does fake money

fake teachers

The teachers will never. They don't know it. [Right]

And fake assets.

Because Wall Streets or the city of London

or Lehman Brothers or Goldman and all. They are not going to tell you this.

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