Welcome to Robert Kiyosaki's The Business of The Twenty First Century
Robert Kiyosaki is recognized internationally as one of today's
leading financial expert
the author of the best-selling Rich Dad Poor Dad his books have been translated
into fifty-one languages in one hundred nine countries and sold more than twenty
eight million copies Worldwide
Robert has spent his life educating people on how to attain financial freedom
now through the special video presentation he explains why network
marketing is indeed
the business of the twenty first century
and how you can take advantage of its opportunities to create
Hello I am Robert Kiyosaki Author of This Book Rich Dad Poor Dad
i want to welcome you to the business of the twenty first century
for those who may not too familiar with this book uh... was published in
nineteen ninety-seven self-published book
and with all around the world and in 2000 it made the New York Times
bestseller list it was only self-published book that made it
at the same time a woman named Oprah Winfrey called and I went on her Show
to talk about Rich Dad Poor Dad and wallach suddenly I am famous individual
so today this book is now so far sold approximately twenty five million copies
and hundred different countries and fifty different languages
so today which Rich Dad Poor Dad is the number one personal finance book ever
written So Rich Dad Poor Dad is a very simple story about my Two Dads my Real Dad
was the head of education for the state of hawaii
great guy PHD.
Like I said head of education smart guy
but he also ran for Lieutenant Governor of Hawaii as a republican
unfortunately he lost in the ultimately died poor so that's why call him my Poor Dad
in
My Rich Dad on the other hand
didn't finish school but ultimately became of the richest men in hawaii
so he was my best friend's father and started when i was just the age of nine
my rich dad began teaching me about money and business
and why the rich are getting richer and why there is a big gap between the rich
and everybody else today so Rich Dad is a very simple true story about two
fathers Rich Dad and Poor Dad that tell their two sons about money
and it was my poor dad always said go to school get a job work hard and all that stuff
And My Rich Dad Said you'll never get rich doing that will never be a free man
so that's kind of the differences but if i was to show you a diagram of the
differences here
is that in financial education
this is very simple the difference
because of no financial education in our school
most people do not understand financial statements so this here income
expanse
assets
and liability
and there is in my Poor Dad was Poor it was very simple
Because he couldn't read a financial statement because they don't have financial education
In school he was financially illiterate although a PHD.
and My Poor Dad Always Said our house is an asset
And my Rich Dad Said Your Father Might Be well educated
But he can't tell assets from liabilities
so very simply my Rich Dad Said to me
assets whether you work or not
put money in your pocket so when a banker or looks at your financial statement the
banker looks at this he says you have assets and Your putting money in your
pocket
and look at your house it's really a liability because every month it takes
money from your pocket
now your people so well
you know i don't have a debt on it but still every month we have insurance
Upkeep and expenses
So the reason
rich man today
was under the difference between assets and liabilities
and i get richer and richer 'cause every year i had more assets to my of balance
sheet here
and so that's one of the biggest differences
and as my Rich dad often says to me
my banker has never asked me for my report card
my banker wants to see my financial statement
because it's your financial statement that shows how high your financial IQ
is
how smart are you with money
if you're very smart with money the banker will give you as much money as
you want to know how to make money with money if you're not very smart about
money popular back toward the visa credit card and a home loan
so those some differences between my Rich Dad and my Poor Dad
and if you stay tuned you'll find out how you too can create assets instead of
liabilities
because if you are going to survive in the 21st. century you going to
need more assets then liabilities