school makes students poor and PhD
stands for poor helpless and desperate
the riskiest thing you can do is go to
school learn from a fake future put your
money with financial planner and work
hard from fake money and pay a lot of
taxes
[Music]
what the Federal Reserve Bank our banks
and our school systems doing it's
criminal it's ripping off my generation
upon our generation you know this is my
book fate risen it's fake money fake
teachers in fake assets it's because all
has to be fake you have to have fake
teachers to understand fake money they
have to have fake assets to buy those
stocks bonds and mutual funds Bank
assets but without fake teachers fake
money and you can't do it and one of the
best things I had is went to military
school then 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 don't make
mistakes just memorize the right answer
and you'll be safe in school they
compensate for a risk by telling you
memorize the right answer so in other
words these kids leave school think oh
if I know the right answers then there's
no risk and it drives old guys like me
crazy because everybody's talking about
Millennials what's wrong with them
you know Millennials are the most highly
educated generation in history they know
all the answers but they're afraid of
doing anything the reason they can't do
anything is because you might hurt their
somebody's feelings you might make a
mistake you know this is keeps you guys
just trapped in this little box
education is more important than before
but you got to be careful what you're
learning that's how I wrote the book
fake money fake teachers and fake asses
don't listen to fake teachers yeah I
have a friend he teaches
entrepreneurship at UC Santa Barbara
and I call them up and I say how in the
world can you teach entrepreneurship he
says well I have a master's degree as a
ask question again
what gives you the right to teach your
entrepreneur should be system I have a
master's degree in entrepreneurship and
I say hey duck
you and I have been friends for a long
time you've never started a business
you're a fake teacher yes but I have all
the answers I said yeah but you don't
know how to start the business some of
the biggest fake issues all those
financial planners but telling to him
you know to save money why would you say
my name of the government's printing
money then they tell you to invest for a
long term of the stock market and you
guys know the stock market is ultra
short term there's high frequency
trading today long term is a split
second but they're telling you guys like
my generation to keep your money in the
stock market for 40 years and you have
nothing left at the end of it and you
look at all the pensions of the school
teachers firefighters all guys with
401ks they're all bankrupt because Wall
Street stole their money from them you
know and the Federal Reserve Bank
they're run by phd's like my point head
and PhD stands for poor helpless and
desperate the Fed has not been right in
years thereby worships the Federal
Reserve Bank there that guy stealing
from our pension systems this is
horrible what's going on because we have
all these PhDs poor helpless and
desperate people who are risk averse my
rich dad always said never say I can't
afford it and was my rich dad and many
of my teachers subsequent to that this
had lazy people always say I can't
afford it I don't have the money that's
why they're poor they have a poor
mindset so instead of figure out how to
raise money it's just really easy to be
a
sir and I call losers if pisses them off
because we all have the power if we
wanted to to not be poor if we learn how
to raise money
my poor debt my PhD father you always
said to me says you know I'd be a rich
man if it didn't have you kids and I
said well you know dad it's not my fault
you had kids you know I mean you know I
just can't afford it because I have kids
and the more he said that the anger I
got so and I went my rich at age nine
you know he says well that's why your
old man is poor because he's lazy
he thinks this PhD is gonna carry him he
says everybody can say it I don't have
money I can't afford it he says that's
why he's poor he's lazy over my lifetime
most of the projects I have started I
haven't I've never had any man I like
not having money because it forces me to
think I get creative I have to educate
myself I have to talk to rich guys how
did you do this how did you do that and
what has happened to me I mean I just
turned 72
I've never needed money because if I
need money I figure out how to raise it
it's easy to say I can't afford it all
the poor people say I can't afford it
all the poor people say was tax the rich
all the poor people are saying we'll
give me a free education free food free
schooling free manicures free pedicures
there's laziness my opinion only lazy
people use their own money and that's
what really pissed off a lot of people
up there because you're calling me lazy
I said yes I am because you're the scent
of a person will say I can't afford it I
can't do that
that's the problem it's up here I can't
do that
most of my family said well you I can't
afford it
my father taught to say that my mother
taught to say that my richest I should
never say that the number one way to
rate raised income as sales do they
teach you sales in school but if you
work for a network marketing company you
learn sales so that's why presidents
want my not people hate Trump that made
me to the president trumpet I the only
people that recommend network marketing
because in network marketing you have to
go through your fear and you have to
learn how to sell so the reason I'm an
entrepreneur is I know how to make money
I know how to acquire assets I know how
to use debt to acquire assets that's
real financial education not the garbage
you're teaching in school let me say one
more time if you're gonna be employee or
a doctor or lawyer than traditional
education is really important which is
going to be an entrepreneur you don't
need to