The SEVEN Things You NEED To Learn for Your Financial FREEDOM - Robert Kiyosaki（原声文稿）

the most horrible subject of all was accounting.

You know, I was sound asleep in accounting course.

accounting teacher because the accounting teacher had no idea what accounting was. The guy was an idiot.

today because if you read Rich Dad Poor Dad, this is all it's about. It's about a financial statement.

income statement, balance sheet, statement of cash flow.

all people graduating from school don't even know what a financial statement is?

accounting teacher I had, Mr. Boring, who wasn't really an accountant.

He had a master's in accountancy, but he had never been an accountant.

So that's why I created the cash flow board game subject for individuals, because this is what your have good financial statement, bankers will give you all the money for my grades or my college I went through.

I want all the money you want.

Point out really, really quickly the differences between what they're teaching in school and what we at Rich Dad teach. So this is the very big difference.

Like I said, most school teachers are like my poor dad and this was actually, this was Rich Dad poor dad.

a book on accounting, the most boring subject on planet Earth.

But book Number two of Rich Dad was this one here.

And this was called the Cash Flow Quadrant, right?

You have E, S, B, and I.

So, tests for you. What does E stand for? Employee. Good, and what do employees always say? That they work for money.

But they want job security, paycheck, and pension. Yes. What does S stand for? Self-employed. They're small business owners.

Yes. Doctors, lawyers. They work for tips. They work for tips, though.

So they're self-employed, and B stands for what? Big business owners. So 500 employees or more. Yeah. And I stands for what?

The investor. Investor. It's more than just investor, it's insider.

You see, this is like Shark Tank on the TV shows.

These guys here have done this and they've done this.

So this was my poor dad, this site.

is what's the difference between these people and these people.

make a decision that I wanted to as a pilot.

You know, most of my friends went to fly for the airlines but I'd be here.

or I could be an Alaska flying fisherman around the place, around the place, or I could own an airlines or I could invest in airlines.

And that's the difference in the mindsets and skill sets. You don't just make crossings.

The education is extremely different on this side than on this side here.

high paying job, they want to be able to pay the rent, eat and all this stuff.

And then you dream of the big house, a nice car and all that.

But that's why 99% of Americans are broke, because their heads are on the wrong spot.

So when I asked Kim if she would take an accounting course, it was just two days.

I wanted to see if her head could get into the asset column. That was the difference, wasn't it?

that moment, but it's- You fell in love with me?

Of course I did. Of course I did.

But this started the journey on investing, this started the journey on assets.

focused on the income column, get a job, get the pay raises.

If you're an hourly wage, work more hours or raise your hourly wage.

finally, after we'd actually bought some investment I'm like, instead of focusing on acquiring income, what if we focus on just acquiring assets, that the assets go into the income column?

think about the income column anymore, I just think about the asset column.

And that's our game called cash flow.

And so when Kim and I met, we had nothing.

It took us 10 years to go from nothing to financially free.

So she was 37 and I was 47.

But that's the power of focusing on assets versus liability.

busy buying liabilities to think are assets.

game to get her head in here, and today we're financially free.

can do it. It's a matter of putting your head into the right column.

real estate investment course here. I'm free.

I lost money to get made money back, but I never got out of the asset column.

We're still, I mean we're still practicing here every single day.

I'm working on a new project right now in the asset column.

on the asset column, not the income column.

There's three kinds of money today that you guys gotta be aware of.

One is God's money and God's money is gold and silver. So this is silver and this is gold. The reason I brought it is most people don't know what it looks like.

fiat currency, which is the dollar, or the yen, the peso, the euro, the yuan.

Fake, and everybody's working hard for it.

It's like eating fake food or drinking fake water.

financially because they're working for fake money, okay?

another part of the fake millennial, the fake generation series.

But the reason I brought this here is, most people haven't seen it.

This here is real silver, plata.

That's what it looks like.

And so in 1972, and this here is gold, this is God's money. This is what God's money looks like.

The reason I call it God's money is you can't fake it.

touch because it smells as bad as the guys that printed that crap.

You know what I mean? Jesus. But this is real money.

first started buying that, that was $1.40.

Today And the reason we brought it is most people haven't God's money. Why did I say it's God's money?

Because and it'll be here when we're all dead and gone.

this will still be here, or those fake ETFs, or those fake stocks. So this here is called the grain box.

These are, there's 500 of these little tubes like this, 500 coins in here. And this is one. Which is worth more?

Which ones worth more? The gold. Yeah.

reason I say this is because for your generation you'll ever see. I'm not making any commissions on this.

fake central bank, see the purpose of the central bank or the Fed or all the Japanese, the Bank of Japan, the European central bank, central banks like the Fed is to protect the banks not you concerned You're gonna find that most of my talks about the Fed So I would recommend you guys buy this stuff Don't save money they're corrupt as hell as you know Save God's money In school, they compensate for risk by telling you to memorize the right answer.

oh, if I know the right answers, then there's no risk.

because everybody's talking about millennials.

ways, the most highly educated generation in history. They have the cell phone. They didn't get educated in school.

They got educated on social media, on the cell phones.

They know all the answers, but they're afraid of doing anything.

is millennials know all the answers, but they can't do anything.

because you might hurt their somebody's feelings, you might make a mistake.

This keeps you guys just trapped in this little box here.

millennial money is such an important point here, because guys' world, or the information age, you've really got to understand what is risky and what is not risky.

And in my world, if you play it safe, that makes you stupid.

Because if you don't take risks, you don't get smarter.

Yeah. You know, so you may know the answer, but you can't do anything.

I went to military school and I went to flight school.

I had such great teachers, you know.

All of them could fly, you know, so my flight instructor could fly. What a novel idea. You know, a flight instructor can fly.

But when I was in high school, most of my teachers were terrified.

They're all cowards, you know, job security.

and they teach that to your generation yeah and most of entrepreneurship classes oh and they're not entrepreneurs you know so it's the fact that they're teaching us so the way to get through college right is When in real life, that's the last thing that will ever happen, right?

this is my book, fake here, fake money, fake teachers, fake teachers and fake assets is because it all teachers to understand fake money.

Then you have without fake teachers, fake money, and you can't do it.

programs here, because if you're gonna be successful, you've got to take some risk.

you know, a lot of them wanna become entrepreneurs. The problem with this, you have to understand tax.

You see, this is all over the world, very little difference.

taxes, So they make $1,000, they're going to spend $400 in taxes.

These guys that make $1,000, they're going to pay 60% in tax.

entrepreneurship, but they're not teaching them tax.

And because they're focusing on income, over here, it's 20% in tax.

So they make $1,000, only $200 goes to tax.

and these guys, zero percent.

teaching financial education for these people and these people, but to really become rich, you have to focus on this side here.

dad and the financial and what they're teaching in school right now.

lot harder, but in the long run, it's more fun for me.

On this side here, it's harder when you're paying tax constantly.

So these guys here are saying, taxed or rich, well, these guys don't pay taxes.

talking about legally, this is all over the world. So that's the big difference here.

Rich Dad, Poor Dad, I wrote about Ray Croc, founder of McDonald's.

and most of the MBAs are going to come out here.

So Ray Crock asked him, he says, what business is McDonald's in?

And everybody yelled and said, no, no, no, we know you're in hamburgers.

And Ray says, no, I'm not at, McDonald's is not hamburgers.

McDonald's is in the business of real estate over here.

the money McDonald's makes buys the real estate.

And that is my formula. This is Rich Dad. I own real estate. I don't hang out here.

I'm glad you guys are here, right?

And we do our best to make sure you're educated things like this here.

But really the formula I follow personally is McDonald's.

We have education company that buys real estate which means we make a lot of money, pay zero taxes, legally.

What does school teach you about money? Nothing. You know, balancing a checkbook.

I mean give me a break. Give me a break.

So the other part of me, look at this financial statement up here. That's what your banker wants to see.

Your banker doesn't care about money.

This is because you don't have one of these either. The U.S. government doesn't have one of these anymore.

They balance they can't do anything.

So that's why, you know, 22 years ago, people what our school systems will never teach you never because they don't know it because Evidence is now coming out teach people what I know What my rich dad taught me know who makes the most of the politicians they got paychecks for life job so you can depend upon the government to take care of you that's really understands this stuff I know because he's my friend we wrote two books together this is how the rich think even you hate Trump and Trump doesn't show you his tax returns. You've got to be crazy.

And there's a reason for it to keep you working created this board game here as you play it 100 times investful a long term in the stock market.

So the point here is this, people can teach people. Don't expect the government to take care of you. That's ridiculous.