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An Eye Opening Interview with Robert Kiyosaki RICH VS POOR MINDSET |now

  An Eye Opening Interview with Robert Kiyosaki RICH VS POOR MINDSET |

the most obsolete idea is go to school get a job or a card save money get out of debt and invest for the longterm in the stock market see why would you save money when theyre printing trillions of dollars the gap between the and is massive you see its not just money you have to step back and look at the bigger picture so what do you do in every one of us is a poor person theres still a poor person inside me theres also a middleclass person and the middleclass persons wants security and with that steady paycheck and as a rich person and theyre all inside of us except that its not taught if youre taught to go to school get a job and get a paycheck not taught how to get rich if youre read Rich Dad Poor Dad my rich gent refused to pay me you said the Paycheck was one of the most damaging things you could take in your life he says the moment you take a paycheck youre an employee and thats the mindset so my Rich Dad never paid me it drove my poor debt you know government employee nuts you got to pay people you got to pay people in rich dad was not saying that the paycheck was bad he says he didnt want to be a slave to money so as an entrepreneur you know a Rich Dad folded I just run another company I dont need a paycheck I dont need anybody to take care of me if my government doesnt like me I move to another country because they need entrepreneurs there so the entrepreneur is not so much the business the entrepreneurs really the mindset and the skill sets and the different set of rules you see I dont operate small business thats not hot prey in the same rules as big business entrepreneur is a mindset first a skill set and rules and depending upon whether your employee or small business the rules are different the mindsets are different the skill sensitive you could say one thing to somebody whos never been an entrepreneur and theyre thinking about making the leap of faith into becoming an entrepreneur what could you tell them well Ill just tell them the same thing that happened to me you know my last paycheck I still remember it clearly it was one of the worst and the best days of my life and I was in Puerto Rico I was in I was working for Xerox and my boss gave me my last it wasnt a paycheck was a bonus check I think was about bucks taxable its only probable that look at this check and I went oh you know I mean so I was excited but I was also disturbed and so this other guy comes up to me they must John and John says to me says youre gonna be back I said why he says cuz youre gonna fail I looked at him as I look few expletive words because thats what he did he left Xerox failed and came back I said look you fail and you come came back but Im gonna fail and Im never coming back and thats the attitude do what I mean yeah if if you say well if I fail Ill go back to mommy and daddy and thats what youll do so if you fail thats when I became an entrepreneur because I had no money I had no money for years yeah I didnt have a paycheck but thats what my rich dad encouraged me to do is is when youre when you dont have this paycheck you get hungrier smarter hes a test of your character we become a crook we become dishonest will you cheat and steal or will you become a better human being so really thats the benefit of becoming an entrepreneur you really find out who you are when you dont have anything you always have to look at the big picture too many people look at well whats it whats gonna happen to me well you look at the big picture youre also gonna know that when something bad happens something Goods gonna happen but you gotta prepare for whatever is coming if you think next years will be like the last years you never creamed you know when you and I go to the supermarket we buy a carton of milk well lets check for the expiration date but most people do not check for the expiration date on their brains instead of getting out of debt I get into debt I just refinance million in debt and went from five percent to two and a half percent interest I made a fortune every month more money comes in because my cost of money has gone down so while some financial experts are saying get out of debt Im saying learn how to use debt so when I came back from seven in Vietnam in January of the first thing my rich dad said to me was go to school to learn how to invest in real estate it wasnt real estate it was how to use debt and taxes debt and taxes make the rich richer debt and taxes make the poor middle class poor its all the rich guys who are doctors and lawyers or you know those guys theyre getting creamed and they dont know why doctors are getting creamed oh yeah they make it more money but the takehome is less sure you know my doctor just yelled at me whos happy says my goose made a million dollars I said yeah this is Lissa Riggs ago si says ah yeah well how much you pay in tax he says seven hundred fifty thousand in taxes so his net was about four hundred thousand thats not bad but when I make a million bucks I keep a million bucks and the reason is because I dont make it by working for money see if you work for money your so thats why I lesson number one enriched head poor dad whos the rich dont work for money what we do instead is we create businesses as entrepreneurs we acquire real estate I dont invest in the stock market so the reason is because as entrepreneurs I have more control over my income how much I make and how much I pay in taxes and because Im an entrepreneur as well as an investor in real estate I pay zero tax so every time I make lets say a million dollars as an entrepreneur I immediately invested in real estate I have a four to one step up so I put a million dollars in real estate I get four million from the bank thats why I love banks but the banks are screwing everybody else up terrible buzz good for me I thought you said when you print thats good for you but when you print is bad for people I work for money because when you print service got creamed and people who were winning it great when they print debtors get rich you see debt and taxes make the rich richer and debt and taxes make the poor middle class poorer when we have obsolete ideas we get obsolete results so whats happening for most people the idea of going to school getting a job working hard saving money getting out of debt buying your house because its an acid and vesicle a long term its obsolete the world has changed the world changed in when President Nixon took us off the gold standard and money became debt what if we get rid of school then what would happen would it be better if we had no educational system at all no Im saying education is more important before its just obsolete you know theres Moores law that Moores law which states information doubles every months in other words everything is obsolete months so and this is a recent phenomenon so when you come out of school youre obsolete and thats why Im the old guy you know I meet my friends went to Harvard yeah I went to Harvard thats it yeah that was how long fifty years ago today the banks are charging you interest to save money in other words the banks dont want your money because theyre printed too much of it and thats why theres bubbles and stocks and bubbles and real estate and all this people are dumping the cash is as I said in here savers or losers and cash is trash and yet people at what a highpaying job well thats an obsolete idea get out of debt its an obsolete idea you should learn how to get into debt how do you use debt to get rich and theyll never teach you about taxes the reason the onepercent is way up here and the are going this way is because when you print money two things happen inflation and taxes its crushing and any entrepreneur thinks Im just gonna make money to a business make a lot of money because that we talk about they really have got to smell the roses man you know thats not what the real entrepreneurs are doing most entrepreneurs theres million small business owners in America million are what par one person entrepreneurs theyre called nonemployee entrepreneurs so that because and thats what happens is when people dont really understand what an entrepreneur does so most big people are selfemployed but theyre not really entrepreneurs the selfemployed be the highest taxes of all and nobody tells them that yeah its also called the entrepreneurial spirit but what we were actually talking about was theres no such thing as a bad economy you know those externally you and I we all have an external economy but we also have an internal economy and the willpower is to change our internal economy so for me I can see the good I can see the bad I dont really give a damn because Im gonna be rich anyway but a poor person with a poor personal economy all theyre gonna see is a bodyguard because they dont know how to make money in any economy and a middleclass person they have a middleclass economy you know that but the one is a nice house a steady paycheck and the job and the car and so when you take their job away to them thats disaster well since an entrepreneur doesnt have much anyway its no big deal so all Im saying to people is what Bucky fuller taught me theres always two sides you know I mean you know to use plural had been a mom too so if you think the economy is bad its because your economy is bad if you think that steady you know employment is important then youll see in an economy without jobs your economy versus the externally God where you control I can control yes its called an internal focus versus an external focus so the real entrepreneur has an internal focus that if they fall down they say oh this is good because Im gonna go up higher you know the average person will fall down so Im gonna take some prozac or or the somebody has the mistakes all the mistakes dont matter mistakes mistakes matter it means you didnt notice them but a real entrepreneur know at the whether they fall down they go there always can go on they can stand back up and go higher the no matter what happens to them they got stronger and better and smarter and but person with a weak internal mindset is that theyre so afraid of what happens it generally happens like you know people are afraid of losing their jobs they generally put us through jobs I mean yeah so its not so you can cut through you yeah so the entrepreneur first job is control inside here not outside there the moment you take that paycheck youre an employee youve got to be stronger than that its about inside control Music you '