i look at life as learning i'm constantly learning you know i'm
reading constantly studying constantly i spend my most of my time with entrepreneurs
entrepreneurs have one thing in common they keep going you know they don't just take one answer
number one is investing is invest in what you love i love business i love real estate i mean
i really love it i own this building here and i love gold and silver so i invest in what i love
most people say you know and do what you love but i'd rather invest in what i love but i love
being an entrepreneur i love investing it's like shark tank to me i'm always looking at
new businesses new deals it's it's just a game like this you know when you look at the financial
statement that's like a score card it's like your golf scorecard is your financial statement
but as you know our schools teach us nothing about financial statements have one thing in common
they keep going you know they don't just take one answer so a real entrepreneur
really makes no difference which country you're in you know i have a friend who is
multi-multi multi-family rich guy from france and you know france is as communistic as it gets
he he started buying vineyards in napa and sonoma so he went back to the french government and says
it's his wine he says i want to ship my wine in bulk to california
and the government says you can't do that he says okay i can't ship him in barrels the guy goes yeah
he says okay i should put in bottles his wine with his california wine and all this and so he went
back to the french conference here try this see if it's not better and so now they're all confused
because he didn't break any rules so i'll say it again entrepreneur is a mindset first a skill set
and rules so a real entrepreneur he really makes no difference which country you're in
the average person is so afraid of those losses they never get ahead because at school they teach
you if you make a mistake or if you fail you're a failure i don't cheat on my wife
i don't cheat on my customers i don't cheat people i don't cut corners if i can't do something i'll
tell you up front if i screw up i'll tell you people always kind of dump on fast food industry
if i had to do it again i'd go work for mcdonald's they have the best business systems
in the world you know how else can a company take virtually non-college educated people
and build a fast food industry across the world it's called the mcdonald's formula of business
the business of mcdonald's is not hamburgers the business of mcdonald's is real estate and that's
the formula so every time you go past a mcdonald's stand oh you know you deserve a break today eat
at mcdonald's but they're not seeing the real game the game is that little hamburger stand
is buying the most expensive real estate in the world so today mcdonald's owns more real
estate than the catholic church so i just go work at donald so i can learn even more
i think when you say to somebody live below your means you wipe the spirit out
it's like saying somebody if you want to lose weight go on a starvation diet it doesn't make
you healthier to starve yourself so i would rather get financially educated so that i can expand my
means without getting into excessive debt or where i start to lose because death i could
say is a two-eighth sword but telling somebody to live below your means is almost inhumane i
never felt good doing it i wanted to strive to do better every day i want to do better every day
i liked a good life whatever makes you feel better about yourself stronger more confident to want to
do better and i think really that's the issue and we're at the stage of our lives right now we
you know to ask for more is not really it but to do better to feel better about ourselves is still
important it is very important so all i focus on is putting the best team together that's like
the lebron james i don't want to be the smartest guy in my team but i want to have the best team
and that's why i win most of my games that's why you know most guys was it every most major league
athletes are broke within six years or something they lose everything sure or a lottery winner
yeah because money never makes you rich and so the thing is to invest in your life experiences
your mentors so the story of rich dad poor dad is choosing between two different teachers
you know if i followed my poor dad i'd probably be a government employee in hawaii
you know or a tenured teacher yeah so it's it's a hard choice you've got to
choose your teachers wisely my poor dad my poet my phd father he always said to me he
says you know i'd be a rich man if i didn't have you kids and i said well you know dad uh
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 angrier i got so when i went with my rich at age nine you know
he says well that's why your man's poor because he's lazy he thinks his phd is going to carry him
he says everybody can say i don't have money i can't afford it
he says that's why he's poor he's lazy but my father kept going back to school you know
stanford university chicago northwestern he never learned any of this stuff they still don't know it
because most teachers want a paycheck pension and tenure they want job security so the mindset is
different most of the projects i i've started i've i've never had any money 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
hey how'd you do this how did you do that how you do that and what has happened to me i mean i just
turned 782 i've never needed money because if i need money i figure out how to raise it
so today you guys have crowd funding and all that i mean i don't know what that stuff is but
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 well it's taxed or itch all the poor people are saying well
give me a free education free food free schooling free manicures free pedicures
there's laziness and i when i meet people who don't have it in life they don't really have that
soul in them the soul is there don't be wrong it's there but you don't need it yet
so today we're aware this i think we're going into a major depression i hate to say that but are you
prepared for it i'm prepared for it you know i i wrote a book called rich dad's prophecy and i said
the biggest stock market in history was coming in 2016. so the biggest crash in world history
came in march 2020. we're going into a depression you know hope not but i would say there's a 60
chance for a depression now for somebody with a soul and a spirit it's the greatest
opportunity in history you know the world's changing i'm going to get out of this thing
you know how many times have i failed i got screwed and blew and tattooed just like
everybody else but each crash makes me stronger and that's where it starts and everybody has that
in them even if they didn't go to a great school we all have a spirit well every soul we all have
dreams we all have desires but it takes time this is like tiger woods that have become the greatest
golfer on earth taking one golf lesson he's gone down he's gone up he's the greatest athlete i know
so some of those comments i've seen on my twitter site as well you know i'm not interested in money
well your host that little that those few words i'm not interested in money
or i don't want to be rich screws you for the rest of your life