or do the rich people cringe and say don't tell them that
yes yes yes don't tell people what they what you know keep them poor
i asked the teacher i said you know i'm in my third year of calculus now i said am i ever
going to use this stuff he goes no my phd daddy says what do you think i am made of money i can't
afford that and my rich dad would say that's why he's poor my father was the head of education
phd all that stuff i go home and ask him i said why don't we learn about money in school
and he looked at me he says because the government doesn't let us teach that subject
government tells us what we can teach and what we can't teach i thought that was strange i said but
aren't we going to school to learn about money because no
your job is to get a job i said but you get a job to earn money he goes no you're supposed
to get a job i'm going no no no no no isn't the purpose of a job to earn money he goes
you're correct i said so why don't i just learn about money i can skip the job part you know and
he got flustered and he said look why don't you ask your best friend's father about money
i said why that's mike so i ask him he says because mike's father is an entrepreneur
and i said what am i what are you he says i'm an employee i'm a government employee
i went oh what's the difference this is the difference is an entrepreneur must know about
money or that they're no longer entrepreneurs and it says an employee doesn't have to know
anything about money because the government will take care of the company will take care of them
so i'm kidding i'm all confused but i took my dad's advice and i trundled over to mike's
father's office and knocked on his door and i said hey i'm here nine years old teach me about
money he says beat it kid you know but that's where the story of rich ted poor dad started
and finally through persistence my rich dad started teaching me about money on one condition
and that condition was he would never pay me he says the moment i pay you you
think like an employee he says that's the trap entrepreneurs work for free
and now i'm nine years old my head's going cracking in half he says you never want a paycheck
you understand that kid he said okay i got it and he said well how do i make money he says
that's what entrepreneurs figure out it's like so how do i learn about money so he would just break
out a monopoly game board so i would work for free and pick up cigarette butts and get hotels
and restaurants that i would clean and do menial tasks and as i got older i started getting into
office work and marketing and accounting and i was an apprentice basically but i always work for free
and he would teach me about money but the way he taught me about money was playing monopoly
and that's finally one day i got upset i said well when are you
going to teach me about money he says what do you think we're doing
we're playing monopoly he goes no no no no what do you think we're doing
we're playing monopolies what do you think we're doing so i don't know i'm teaching about money
and then that's why you know you have one green house you know he says there's many
formulas for great success and money there's thousands of them but one of
the best ones found in the game of monopoly still is today four greenhouses one red hotel
said what he says one of the greatest ways to acquire great wealth is playing monopoly
in real life four greenhouses one red hotel but is that all there is he goes that's it
and he says what do you think i'm doing and i went i don't know so then he took me out he showed me
his greenhouses and 10 years later when i was 19 i was now in school in new york and i come back to
hawaii and rich dad had bought the biggest piece of land smack dab in the middle of waikiki beach
and when you go to waikiki beach today you'll see the hyatt regency hotel that was his hotel just
like the game of monopoly just like the game of monopoly acquired assets and they became bigger
assets he just kept what's called an assemblage because that property wasn't that big at that time
so he had to buy out all the small guys because wanker key was a little dirt about a little town
so he'd buy out this shop owner by that shop owner and it took him a while but he finally
assembled this large piece of property and then he then he and hyatt put up this giant hotel
you know i just and it just sold for 800 million dollars you know i have bad luck too i've i've had
financial crashes i've had people stab me in the back but they're all good because i grow from it
that's spirituality you know people who are afraid of making mistakes like they teach in school they
don't ever grow because spirituality is there's good and there's bad there's right and there's
wrong there's up and there's down most people only want to be right i only want to be positive
well you can't have that that's not reality well i wasn't poor by most people's standards
but i came from a family with a poor attitude if you know what i mean because
rich poor middle-class poverty starts with a fundamental attitude he says poverty is passed on
it's taught in your families and middle class is taught in families
and so the people right now who are sitting at home who are struggling financially or worried
about money or unhappy they may be making a lot of money but unhappy with what they're doing
it was probably taught to you you know your super ego was taught
get a job work hard or or you'll never be rich or the rich or evil or whatever because the school
system will never teach you about money the school system was designed to teach you to be an employee
which is important or a doctor or a lawyer a specialist but never about money
and what most people lack is real business knowledge like accounting you know like debt
like taxes you gotta know that stuff but they don't teach it in school to anybody
so and then when people ask me how did your rich dad learn
this when your poor dad a phd didn't and the answer is very simply my rich dad was my best
friend's father his father died when he was 13. so his rich dad had this family business at 13
to run so he had to drop out of school which was this blessing you know there's blessings and
you know sometimes the blessing doesn't look like a blessing but it turned out to be a blessing
and then his teachers became his bookkeeper his accountant his attorney his banker his
real estate agents so he has what i call real teachers not these fake teachers in school
you see most teachers in school they're out of ethics they teach subjects they don't they
themselves don't practice i asked the teacher i said you know i'm in my third year of calculus now
it was called it was called strength of materials i said am i ever going to use this stuff he goes
no you know said why do you teach it because i got paid said do you ever use it he goes no
and that's why you know i you have to in life one of the things i suggest to people you got to find
a real teacher versus a fake teacher and a fake teacher is somebody doesn't do what they teach
and a real teacher is doing what they teach every day so my accountants my attorneys they're in it
every single day that's how i learn because every day i'm solving problems in my business
so i have i have accountants and attorneys and bankers and all these people on speed dial
because i'm i'm solving problems with my team
i see you giving this knowledge out and yeah do the rich people cringe and say
don't tell them that yes yes yes don't tell people but they let you know keep them poor
but you know unfortunately the poor as was in the bible i'm not real religious the poor will always
be amongst us because it starts up here right it's that fear mentality it's it's in their words
you know and the words become flesh but when they say i can't afford it or i can't do that
they go down they become what they say my phd daddy says what do you think i am made of money
i can't afford that and my rich dad would say
that's why he's poor poor people say i can't afford it i can't do that i don't have time
because it's an escape it's an escape you know i mean it's easy as i can't afford and your rich dad
used to say what instead of i can't afford it how can i afford it how can i do that you know
what would it take or why should i do that he says that a question opens a mind a statement
closes the mindset when you say i can't afford it your mind shuts down they become what you say
robert if i could give you uh some kind of a magic phone and you could make a call to the
20 year old robert kiyosaki and give that young man a bit of advice what would you tell him i
would just say keep going just do what you have to do just you know live it to the fullest life you