00:00:00
when I was leaving school I was said "Go
00:00:02
to school get a job work hard save money
00:00:04
buy a house cuz your house is an asset
00:00:06
get out of debt and invest in the stock
00:00:08
market." I don't do any of that stuff
00:00:09
That's for suckers I would never do that
00:00:11
So the reason working hard doesn't work
00:00:14
is because this is called a financial
00:00:16
statement This comes from my cash flow
00:00:17
board game And I have a little video
00:00:19
that says you know why games are the
00:00:21
best teachers You really want to learn
00:00:23
about business This is your financial
00:00:25
statement In real life when I talk to my
00:00:27
banker this is what my banker wants to
00:00:29
see My banker doesn't want to see my
00:00:31
great card My banker doesn't want to see
00:00:34
what college I went to or my GPA This is
00:00:36
what my banker wants to see So when they
00:00:38
say work hard well here it is This is
00:00:40
poor dad here You work really really
00:00:42
hard What's your first line of expense
00:00:44
taxes So the reason I don't work for
00:00:46
money is because I'll pay taxes You want
00:00:49
to pay taxes up to you But taxes come
00:00:52
from Marxism Karl Marx said a graduated
00:00:54
income tax is essential for the spread
00:00:56
of communism So the people that pay
00:00:58
taxes here are communists and the
00:01:01
capitalists don't pay this tax Like if
00:01:03
you watch uh Donald Trump you know
00:01:05
Hillary Clinton accuses he didn't pay
00:01:07
any federal income tax And Trump says
00:01:09
that makes me smart Hillary is an
00:01:11
attorney She's not very smart You know
00:01:13
she may be academically smart but this
00:01:15
is why I don't want to pay taxes So if
00:01:17
you work hard here you just pay taxes
00:01:20
50% right off the top stupid Go to
00:01:23
school to learn to be stupid financially
00:01:25
Not very smart So my rich dad taught me
00:01:27
to focus here This is the balance sheet
00:01:29
You have to have income statement
00:01:31
balance sheet statement of cash flow
00:01:33
This is what the cash flow game teaches
00:01:35
you So when I was a young man I was
00:01:37
taught to focus here on assets So that's
00:01:40
why when I left the Marine Corps in 1974
00:01:43
my rich dad said I had to learn how to
00:01:45
sell and I had to learn real estate
00:01:47
because real estate is based on debt So
00:01:50
I can get really quickly because I'm
00:01:52
using debt to get rich to buy assets So
00:01:55
debt is a liability like Kenny Malro and
00:01:57
I we buy a apartment house the asset and
00:02:01
that provides cash flow but we don't pay
00:02:04
tax Income comes like this If you get a
00:02:07
job your first line of expense is tax
00:02:09
That's why I don't work hard for money
00:02:12
But of course if you want to to me it's
00:02:14
stupid but most smart people work hard
00:02:16
for money like doctors and lawyers As I
00:02:18
said earlier doctors and lawyers pay the
00:02:20
highest taxes Good That's the way it
00:02:22
should be But the capitalist down here
00:02:24
pay make a lot of money and pay little
00:02:25
taxes So that's why you want to play
00:02:27
cash flow So you get your mind shifted
00:02:29
down here But if you go to school you're
00:02:31
shifted up here And this is the key to
00:02:34
the whole thing It's called a statement
00:02:35
of cash flow Cash flow are the two most
00:02:37
important words in business The reason
00:02:38
most people are poor is more cash is
00:02:40
flowing out than flowing in If you focus
00:02:43
here you focus on cash coming in and
00:02:45
staying in So those are some of the
00:02:46
benefits you get from playing the casual
00:02:48
game Don't just play it once like these
00:02:50
idiots It's a tough game You have to
00:02:52
learn all of this and all this but you
00:02:53
take your time You play with about 10
00:02:55
people play it 10 times teach 10 people
00:02:58
Your brain will start to think like this
00:03:00
You can go to school become a doctor a
00:03:02
lawyer or airline pilot and pay a lot of
00:03:04
tax As Trump says the reason he doesn't
00:03:06
pay tax is because he's smart I want you
00:03:08
to get smarter These people here the
00:03:10
poor people of life you know they want
00:03:12
to save money but they taxes take their
00:03:14
money first and then they put it over
00:03:15
here in an asset called a 401k Well
00:03:18
that's full of stock bonds mutual funds
00:03:20
and ETF Paper like the dollar and paper
00:03:22
And this is February 2025 We're in the
00:03:25
middle of the biggest stock market crash
00:03:27
in history There's millions of guys like
00:03:28
my age who get wiped out because all
00:03:31
they have is a 401k What I invest in are
00:03:34
over here businesses real estate and all
00:03:36
this I have oil companies gold companies
00:03:39
gold mines I'm an entrepreneur These
00:03:41
guys are employees over here who need a
00:03:43
401k It's your choice Again it goes back
00:03:46
to goes back to this here Most people go
00:03:48
to school to become employees or doctors
00:03:51
and lawyers and accountants Not too
00:03:53
smart If you want to get rich you should
00:03:54
learn how to be a big business owner and
00:03:56
an investor This is Elon Musk Steve Jobs
00:03:59
Bill Gates And inside here I put my own
00:04:01
deals together I am the owner of the
00:04:03
gold mine I take the gold mine public I
00:04:05
own my real estate I own it I don't have
00:04:07
any paper assets So it depends on what
00:04:10
type of assets you use But if you're
00:04:12
going to create your own assets you have
00:04:13
to understand this side this side And
00:04:15
that's what the Rich Dad Company teaches
00:04:17
and that's what the cash flow game
00:04:19
teaches to get your brain over to this
00:04:21
side and get out of your butt on this
00:04:23
side A lot of people become
00:04:24
self-employed so they can make more
00:04:26
money A lot of them do but you pay the
00:04:28
highest taxes It depends on what type of
00:04:31
income you're getting this income and
00:04:34
this income comes from you working for
00:04:36
money It's stupid stupid stupid Hard to
00:04:40
get rich working for money because of
00:04:41
taxes And the trouble is oh I think I'll
00:04:44
start investing but they have no
00:04:45
education So let me say it again When I
00:04:47
was coming out of the Marine Corps in
00:04:49
1974 I had to take real estate
00:04:52
investment courses I had to learn to
00:04:54
invest with no money So I understand
00:04:56
real estate very well Ken Mroy is an
00:04:59
expert at real estate So our cash comes
00:05:02
from our investments not from our labor
00:05:04
These are really stupid people because
00:05:06
they'll work hard and pay the most taxes
00:05:08
And again taxes come from communists A
00:05:10
graduated income tax is essential for
00:05:13
the spread of communist Karl Marx do
00:05:15
your study So all this oh I'm making so
00:05:17
much money here Good And so I'll start
00:05:20
investing But what do you invest in if
00:05:22
you don't know what to invest in you put
00:05:23
it in stock bonds mutual funds ETFs Good
00:05:26
luck Because right now I wrote a book
00:05:28
called Rich Dad's Prophecy Why the
00:05:30
biggest stock market crash in history is
00:05:32
coming We're in the middle of it right
00:05:33
now This is February 2025 The markets
00:05:36
are starting to crash It's going to be
00:05:37
the biggest crashes we've ever seen It's
00:05:39
going to wipe out these guys with 401ks
00:05:42
Stupid stupid stupid Cuz he went to
00:05:44
school They should teach you about money
00:05:46
So that's why you've got to understand
00:05:48
and study and all this stuff here is I
00:05:50
put my own deals the markets crash I get
00:05:53
richer Markets crash these guys get poor
00:05:55
And so the justification these guys make
00:05:57
all the time Oh but I'm making so much
00:05:59
money I said "Yeah you're paying more
00:06:00
tax." It's stupid Again this is
00:06:03
fake In 1971 Nixon took the dollar off
00:06:06
the gold standard This became toilet
00:06:08
paper But this is what ease and essence
00:06:09
work for The rich don't work for this
00:06:11
stuff So what we do is we create assets
00:06:13
And I'd rather have cash flow but not
00:06:16
this here It's very big difference
00:06:18
There's one more big problem happening
00:06:19
today It's that every time they print
00:06:22
money the rich get richer The reason the
00:06:24
rich get richer is when you print real
00:06:27
assets here the asset goes up in value
00:06:29
So when you print money like I own oil
00:06:32
wells I don't oil stocks When you print
00:06:35
money oil wells go up in value But when
00:06:37
oil wells go up in value so does the
00:06:40
cost of gasoline for these guys here So
00:06:42
the reason we have so many problems
00:06:44
today is our schools are still stupidly
00:06:47
teaching people to go to school get a
00:06:48
job work hard save money buy a house get
00:06:50
out of debt invest for long-term talk So
00:06:52
I'll say it again I took real estate
00:06:54
courses I'm constantly taking classes
00:06:56
I'm constantly going to classes on any
00:06:58
kind of investment I'm learning about
00:06:59
crypto and Bitcoin and all that right
00:07:01
now Not because I'm smart because I want
00:07:03
to learn But most people are so stupid
00:07:05
They think they can just buy Bitcoin and
00:07:07
make money I hope you lose everything
00:07:09
because you're arrogant very cocky You
00:07:11
really need to study That's why be
00:07:13
careful who you study with So let me say
00:07:15
it again The reason people are homeless
00:07:17
today is because every time they print
00:07:20
this here inflation goes up on assets
00:07:24
and inflation goes up on expenses Like
00:07:26
the cost of eggs are going through the
00:07:28
roof right now So you go to our
00:07:29
restaurant I don't know how people
00:07:31
survive today So when I see all these
00:07:33
millions of homeless people it breaks my
00:07:35
heart Yet Kim and I were homeless for a
00:07:37
while We were homeless for about 7 days
00:07:39
That was enough It inspired me to get
00:07:41
off my ass and start studying harder
00:07:43
working harder and acquiring more real
00:07:45
assets Not this Kim and I were homeless
00:07:47
in San Diego We lived in a little brown
00:07:49
Toyota on the beach I think in the
00:07:51
mission beach one of those really
00:07:52
beautiful places but we were homeless
00:07:54
because I had a bad business partner and
00:07:56
we got shafted But those seven days
00:07:59
inside that car changed my life I said
00:08:01
"Boy you know I thought I was pretty
00:08:03
smart then It inspired me to get
00:08:05
smarter." So I see all these homeless
00:08:06
people today You know homeless me
00:08:08
homelessness is a disease After the
00:08:10
California fire I think there's 25,000
00:08:12
people now homeless You know it's tragic
00:08:15
what's happened And this is not the only
00:08:17
cause of it but a big cause of it is
00:08:19
this is fake money And so the people
00:08:21
that work for this trash are stupid
00:08:24
stupid stupid stupid stupid stupid
00:08:26
because all this does is create
00:08:27
inflation makes life harder for people
00:08:29
So they print this the price of eggs go
00:08:31
up Of course they have there's evidence
00:08:33
of a fake aven flu right now which sent
00:08:35
the eggs higher but or like big pharma
00:08:38
you know like Fouchy and those guys with
00:08:39
the COVID that's such a conj job but the
00:08:42
pro one of the big the only cause of
00:08:44
homelessness it makes life so expensive
00:08:46
for people they can't survive but they
00:08:48
still send their kids to school and I
00:08:50
like my daughter's got a college degree
00:08:52
I'm going she's still stupid she knows
00:08:54
nothing about money she's going to look
00:08:56
for a job oh no no no she's going to get
00:08:58
an MBA I said she's still going to look
00:08:59
for a job they don't get it You know
00:09:01
that it really is This is book number
00:09:04
two of Rich Dad Poor Head The cash flow
00:09:05
quadrants Our schools train us to be
00:09:07
over here Rich Dad Trains over here You
00:09:09
want to come over this side it's a cash
00:09:11
flow board game You know find five
00:09:13
people play it 10 times teach 10 people
00:09:16
and you'll learn a lot about creating
00:09:18
assets and working for cash flow not for
00:09:21
money There's a very very big difference
00:09:23
So remember actions speak louder than
00:09:25
words You're probably going to sit there
00:09:27
oh yeah yeah yeah I know all about real
00:09:29
estate Well how much do you own how much
00:09:32
do you own give me a break Oh no no no
00:09:35
My father owns a house and I got to
00:09:37
listen to these freaking idiots You know
00:09:38
don't be stupid today We're in the
00:09:40
middle of the biggest crash in world
00:09:42
history I'm afraid we're heading to a
00:09:43
depression I mean to be pessimistic but
00:09:46
every hundred years there's this change
00:09:48
The last depression was in 1929 This is
00:09:52
2025 It's almost 100 years So not that
00:09:56
saying that history repeats but it looks
00:09:58
like it might That's why I wrote the
00:09:59
book Rich Dad's Prophecy If you can find
00:10:01
Rich Dad's Prophecy I explain why the
00:10:04
stock markets I wrote that book in 2014
00:10:07
This is 2025 10 years ago and we're now
00:10:10
in the middle of the biggest stock
00:10:11
market crash in history And then my
00:10:13
generation the boomer generation with
00:10:15
the first generation with a 401k or an
00:10:18
IRA So many people my generation will be
00:10:21
homeless even though they have jobs and
00:10:23
all this when their 401k or their IRA
00:10:26
goes out So that's why I wrote Rich Dad
00:10:28
Poor Dad and I encourage financial
00:10:30
education I suggest you play the cash
00:10:31
flow game and learn quickly I can't
00:10:33
force you to do that But as many you
00:10:35
know there's a lot of people there who
00:10:36
are really stupid and all they want is
00:10:38
job security or they want to make a lot
00:10:40
of money as a self-employed person but
00:10:42
they have no assets All they have is
00:10:44
cash That's not sword
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