In this video, John Sneisen and I sit down with author and icon Robert Kiyosaki at The Red Pill Expo in Montana to talk about the monetary system, the markets, the tax code, Donald Trump, a cashless society, investing, gold and silver and the public school system.
Robert Kiyosaki is the man behind the book 'Rich Dad, Poor Dad' which is the number one personal finance book of all time. He's written two books with President Donald Trump and has supported people like Ron Paul in the past.
His appearance at G. Edward Griffin's 'The Red Pill Expo' was in honor of Mr. Griffin who he says he respects greatly. "If Griffin asks, I come!"
Kiyosaki made the point that one should not work for money but for assets and that if you don't like taxes, find a way not to pay them, get rich, own assets, buy good debt.
Kiyosaki also went into the deep state effect on the Trump administration and how his friend Donald Trump can't actually change the realities of the coming fiat dollar crash. He also went into the fact that the public school system indoctrinates kids to know very little, pay taxes and invest long term in the stock market.
When it comes to the future, Kiyosaki says the good thing is people will live longer and the bad news is, they will be living in a cardboard box as job automation takes over.
See the FULL video interview here:
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Excellent
I've been reading about over the past few years how the US dollar is losing it's value and the country is in a lot of debt. And when you see major companies closing and people losing their jobs it's a scary thought.
Exactly, many factors contribute to that. A very important one is when the US trades with other nations and they deliver their goods they are paid with United States Treasury bonds and now that we've lost our star for not paying off our debt and amassing the disgusting amount of debt, these countries are saying we don't want to be paid in bonds anymore we want, cash or other tangible liquid assets. This is probably one of the problems besides being rival super powers with China and Russia that they are making back door deals trading with each other and reaching around the US dollar.
It is because we are at the end of a currency cycle. This is 100% planned. it is called a "currency conversion" or reset. NAFTA was a framework not a finished product. We will be the North American Union. Had Hillary been elected it would have been all the Americas as an economic zone. The people of Europe weren't asked, We weren't asked. Asia won't be asked when they coalesce in about 10 years. (TPP was part of this. Trade agreements today are to equalize economies they have absolutely nothing to do with a "free market". The only reason I know is I talk to someone with IMF. You do keep hearing there will be no one to bails out. 2 trillion in IMF SDRs were set aside. Money the US government has already printed. Now watch them turn around and call it an IMF loan and the tax payers are on the hook. Ridiculous. They don't change the look of our currencies it is the underlying value and structure of the currencies. Central banking cycles were never meant to last forever. You won't find it anywhere on the internet but Britain had theirs in 1979. The only proof I could find was in a Margaret Thatcher speech. I explain further here.https://steemit.com/@abigailtipton
Exactly it's a system it's rigged by a group of people who make sure them and their friends make money so essentially the "rich get richer and the poor get poorer" if poorer was a word haha
There is only one super power right now.
So you don't believe Russia and China aren't super powers?
They are not super powers.
Really explain how so
Yes, great interview with wild man Kiyosaki.
I'm ambivalent about not paying taxes. Firstly, we need to understand the function of the government. The role of the government is to step in when there's market failure, for example, externality of burning fossil fuels, etc. The job of the government is to regulate the areas where private organization and individuals are financially or logistically unable to mitigate the problems posed to society.
However, the government in most society have grown too large, too comfortable, and too lazy. This creates a lot of waste! We are essentially paying incompetent people with our hard-earned money.
If only we could pay taxes on the projects we deem as necessary to the greater good. Otherwise, we should all not pay taxes and use our own money to drive changes to society.
This piece just made my day...i started reading rich dad poor dad series since i was 16...and it was the still the best money management book i have ever read....i agreed totally on this information...could we say Government is a scam??
Great post mate.... You just got a new follower!
I had Kiyosaki sign my 'Rich Dad, Poor Dad' when I saw him at a real estate event in New York a few years back.
"One should not work for money but for assets" kaBOOM! Thanks for sharing!
Yes for intangible assets like crypto :)
I know right?! :P
I didn't get that, what does he mean by that?
Basically, instead of just making a bit of money and spend it. You should try to invest in things that are able to make you money, with your money. Teach a man to fish, he eats for a day, teach a man to create a sustainable fishing industry and we all eat indefinitely.
@ecoknowme
Great quote! Essentially make your money work for you. Make it work for you in your sleep and either know your business or find and hire someone that does. For example if you're going to invest in real estate, it might be a better choice to find an agent who owns investment properties because its their business, they know what to look out for good and bad, they know the processes and hoops one will need to get through in order invest their money efficiently and legally.
This is the crux of it all. Online there are three ways to create assets: words, audio, or video. You can create ebooks, courses from words and video and audio, podcasts, etc. These are all assets. If you already have money you can simply BUY assets but if starting from zero you'll have to create assets. Online has the BEST return for your assets. Or sell shirts (graphic design assets!).
Great interview, always enjoy listening to Robert
Another home run!
Dollar Vigilante, Mr. Kiyosaki
who's next Mike Maloney or Chris Martenson?
Keep it coming!!
Thank you! :)
Lots of big names on the way! :P Sitting on another 9 interviews and got some HUGE interviews planned in the next short while! ;)
The man himself!
He's obviously older and without the pacience he used to have. It's like he has no filter anymore. He just says whatever he wants and for that reason he might not sound as nice and pleasant as before but the wisdom and experience is there.
He made his part getting rich and sharing how he did it. It's not a recipe everyone is able to follow but most of the advice is easily understandable and could help many people to avoid common mistakes like accepting the endless rat race.
Agreed! I was taking notes in my head the entire conversation. Really interesting guy and a total loud mouth which is something I kind of respect. haha
Thank you so much @joshsigurdson for the video very informative.
Happy to do it! :) Thank you for watching!
Benjamin Franklin said there were only two things certain in life: death and taxes.
But now we have the Bitcoin :)
Robert Kiyosaki a Crypto Anarchist?, he was on the Red Pill meeting?, waw this is exiting . Do you know if he is into Cryptos? THANKS
He definitely doesn't like labels but he's anti-government while still benefiting from the government as he mentions.
He admitted in the interview that he doesn't know anything about cryptos, so he doesn't invest in them. He likes his gold and silver which is understandable. :)
Old school no? I like gold and silver too, but for gaining great gains I think Crypto is de option. I invest some dollars on that asset every month. But from one month I am investing into Crypto with amazing results. Bad for Robert I think he need to catch up, ajjjajaja. Thanks for your answer
Definitely, I understand his old school approach but it seems odd not to have curiosity or at least dabble in the new amazing developments in cryptocurrencies. He may very well be a legend of his day, and his principles taught in his books still apply, but it seems like he might just be unwilling to smell the winds of change. I think he is wise to diversify into gold and silver, but Bitcoin and the like, are the new precious metals. Also did not know about his Trump connections.
Really, he has two books with him. He is close with Trump, maybe he is part of the Big Agenda. If something like BitCoin has made millionaires, why he does not look at this Crypto market that it is growing, maybe he is just a fake. For me is shook that he is not saying anything about Cryptos
Warren Buffet has a philosophy about investing- "If I don't understand it or how it works, I don't invest in it." Nice to see Robert Kiyosaki thinks the same way!
I just watched the full interview, very good! :) Followed and resteemed!
Thank you! I appreciate it! :)
It's always good to hear Kiyosaki. Thanks for the interview.
Thanks for watching! :)
Love Robert Kiyosaki! His book Rich Dad Poor Dad is a must read for anyone who is on the road of becoming financially free.
I wrote a little book review on it, in case someone needs to be nudged to read it :)
https://steemit.com/financial-freedom/@lucashm/becoming-a-millionaire-financially-free-book-review-rich-dad-poor-dad
Enjoyed the interview. Regarding Cryptocurrencies and taxation, you would enjoy my post:
https://steemit.com/steemit/@greenstar/will-cryptocurrencies-be-the-death-of-direct-taxation
Upvoted and following you.
Great guest @joshsigurdson - thank you. One of the best quotes: "Your network = your networth." - this quote applies to Steemit/STEEM blockchain if you think about it in some ways.
Thank you!
I completely agree! Pyramids aren't necessarily schemes, pyramids are an incredibly important part of being successful. It's all about growing your network and bringing in the most influential people to your network. It definitely applies to Steemit! :)
Just watched that video WOW I feel like I've been told a secret,and now I understand how the world really works.
I'm new to steemit and haven't used social media that much much, but I am keen and eager to learn
You gotta start somewhere! :P Thanks for watching! He's definitely INCREDIBLY interesting!
Thank you so much for sharing Josh!
Happy to do it Adam! :)
Kiyosaki has a lot of good points in his book that are worth adopting or delving deeper into. Probably the biggest 2 for me are:
Exactly ! I summarized his book for a ONE minute reading time :
https://steemit.com/money/@beyin-bedava/1-min-book-summary-rich-dad-poor-dad-r-t-kiyosaki-the-8-big-ideas-to-understand-why-rich-people-are-rich
Thank you for informing the free world!
very good thank you
I don't get it, Kiyosaki tells you he doesn't pay taxes and that people don't ask him how he does it but you don't ask how he does it?!
He is a salesman, and I say that not in a bad or good way, but as a frame from which one should process what he says. Here is a very detailed analysis of some of his claims: https://johntreed.com/blogs/john-t-reed-s-real-estate-investment-blog/61651011-john-t-reeds-analysis-of-robert-t-kiyosakis-book-rich-dad-poor-dad-part-1
Thanks that's kind of you.
Because he said how he does it. He owns assets. He only pays taxes on two homes he owns but otherwise he rents out to his clients and has his money in assets. :)
Yes, later he explained by himself around 33 minutes? Didn't he say he had 4 homes? Well it's just a detail.
Why I said this? TBH it seemed he unanswered quite a few questions in first half at least. I think you were much too polite, allowing him to get away with vague answers. Not that I want to suggest that you should have interrogated him but press on for the facts ;)
could you clarify? I think i might know what you're talking about but I just want to be sure.
Very interesting hearing someone who knows the game and speaks openly. I agree with the lack of financial education in our schools and in our communities . It is hard to find people who want ton engage in deep conversations about the debt and taxes. It is nice that he is also realizes his limits - he does not know all the answers - but puts on a great conversation.
Wonderful Feed @joshsigurdon now i need ☕
So...what really should happen is Humans should go to School..developing their 📓Talents and Gifts...than 👔Start Working in middle school to enhance and gain experience...by the Time we hit📚 College we should be well sharpened and ready to Grow a new Future🎯...also by this time everyone should start migrating from 🏭working to creating work for the next upcoming generations🎓
WHAT DO YOU ALL FEEL
Learn 2 Use Debt🎶 Music 2Earmy 👂s
Exactly, we need to implement a system similar to maybe what Europe has they channel you into different types of schools based on your interest and skills. I for one didn't learn anything in high school and would have much rather learned skills that would increase my own personal value and support me down the road if need be.
Yes and we have to pay for it here everything is for profit there school especially a lot of universities are free or very reduced costs
Well we are in The Heartland of Capitalization . ..and Enslavement. . .
Capitalism? And I agree if you realize things were actually very socialist
Yeah right nobody should pay taxes for the money that they make :)
I had a professor who won a professor of the year award and he said He LOVES Capitalism, but on the other hand if there's too much capitalism it can become something corrupt and manipulative so with capitalism there needs to be a bit of socialism. If no one paid taxes how would cities fund things such as first responders to keep our homes and streets safe or even have streets, how would we the United States of America continue to be the greatest nation in the world, how would we support a strong military presence if no one paid for anything. So while I do agree that paying taxes utterly sucks, it is a necessary evil that needs to be continued to a point the continuous obsession about the raising of minimum wage and hike of any tax is not necessary.
Yes!
Monetary policy is the process by which the monetary authority of a country, like the central bank or currency board, controls the supply of money, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.
Honestly Robert just speaks but never really says anything insightful. Not to be a hater, I still think he's a nice guy.
Good to see Robert still hanging around. He is a funny guy!
@joshsigurdson "pick up some books and start learing by myslef" ...great sentence i'll start applying more and more to escape from the matrix...any suggestion? thanks for everything! greetings from Spain! :)
Amigo ! follow me !
I summarize entrepreneurship and motivational books for 1min reading time. If you would like to get more details you can also read the full books but i assure you my summarize will get you pumped up !
This this out :
https://steemit.com/money/@beyin-bedava/1-min-book-summary-the-millionaire-fastlane-mj-demarco-the-6-big-idea-to-retire-young-and-rich
https://steemit.com/money/@beyin-bedava/1-min-book-summary-rich-dad-poor-dad-r-t-kiyosaki-the-8-big-ideas-to-understand-why-rich-people-are-rich
Hi @joshsigurdson. No time for the video now, maybe later. I read the text and this is a keeper: "Kiyosaki made the point that one should not work for money but for assets and that if you don't like taxes, find a way not to pay them, get rich, own assets, buy good debt."
Thank you for publishing.
Sincerely,
Niamaat aka Teacher Nia aka Prima Nia
English Language Coach and
Translator (Spanish to English)
P.S. “Be great because nothing else pays.” -– Grant Cardone
If I could I wouldnt pay taxes. Crypto will give us such opportunity.
I trust the opinions of Robert Kiyosaki because following him as a mentor i have left full time employment and today am an entreprenuer who determines what i do when and how much i earn on a daily basis
I wish I did not have to pay taxes but we are forced to and as you said 'enslaved' by the system.
I love Robert Kiyosaki. People need to position themselves so that if/when the things Kiyosaki predicts comes true, they won't be the ones living in the cardboard box. Keep up the good work!
Robert Kiyosaki is a legend, when i discovered his youtube videos 4 years ago i was hooked, I remember thinking : wow how the f*** i didn't find out about this guy before ?
Wise man Mr. Kiyosaki...
What a great article, thanks :)
Im happy to follow you
Awesome article very informative!
Postnya very useful and hope you are lucky for future in this steemit :)
But do not forget the upvote on my blog too :D
#Thank's
If you need a quick summary of RICH DAD POOR DAD check my 1min summary
https://steemit.com/money/@beyin-bedava/1-min-book-summary-rich-dad-poor-dad-r-t-kiyosaki-the-8-big-ideas-to-understand-why-rich-people-are-rich
Can someone recommend books which cover these topics deeper?
https://steemit.com/money/@beyin-bedava/1-min-book-summary-rich-dad-poor-dad-r-t-kiyosaki-the-8-big-ideas-to-understand-why-rich-people-are-rich
His book Rich dad poor dad summarized for a 1min reading !
Thanks. I read that already a couple of times. Any other you recommend?
Yes sure, https://steemit.com/money/@beyin-bedava/1-min-book-summary-the-millionaire-fastlane-mj-demarco-the-6-big-idea-to-retire-young-and-rich
Thank you for this post and I love what you are up to! Inspiring!
I'm surprised he doesn't know much about crypto. Why doesn't he follow his own advice and hire some young gun computer crypto wizards to make him a pile of $$$$? He always says hire people smarter than you are.....There was another interesting comment that he kinda freaked out at the Red Pill conference as well.
Resteemed, upsteemed, and followed. Right on the money...pun intended. God Bless.
So do you think Mr. Kiyosaki would agree that cryptocurrencies are the subsequent generations out of holding the bag that the boomers are looking to hand off in their retirement years?
https://steemit.com/videos/@abbeymelchizedek/britain-s-got-talent-2017-this-little-girl-will-take-your-breath-away-best-audition-ever
kindly upvote
Yes, assets will double your money but if you work for money, you might end up spending it. You can't avoid to pay taxes when you have assets since is physical, everyone will know the location and government will ask for tax. I like the work and the choice of topic.
Helpful info dear..thanks a ton