Robert Kiyosaki, author of bestseller Rich Dad Poor Dad as well as 25 others financial guide books, has spent his career working as a financial educator, entrepreneur, successful investor, real estate mogul, and motivational speaker, all while running the Rich Dad Company.
Financial metamorphosis is a new term at Rich Dad. We talk a lot about education and financial education, but the magnitude of the coming economic collapse due to coronavirus has convinced me that education is not enough to thrive on the other side of this crisis. Now, I’m talking about more than education. I’m talking about transformation.
I was facing two paths in life. One path was to follow the path of my poor dad’s conventional wisdom. The other was to follow my rich dad and pursue education by experience. I chose to follow in my rich dad’s footsteps — choosing to forsake job security and a pension. In doing so, I also chose to study under one of the most brilliant men to live, a man who shared similar ideologies to my rich dad: Bucky Fuller.
It is often said that the responsibility of an entrepreneur is to make a better product at a better price. I believe it is something greater than that. The job of an entrepreneur is to better serve more people and to make the world a better place. I learned this the hard way… but you don’t have to.
The horrifying truth is that (at least for the foreseeable future) the fate of the global economy will be determined by what the Fed does during the months and years ahead. Academic-elite experts that make up the Central Banks have little real-world financial education or actual experience. They live in ivory towers and, in most cases, are salespeople, more interested in getting you to buy what they’re selling than they are in mentoring and guiding you through the complex financial world. This is where I and other real teachers come in…
Listen as Robert and Kim Kiyosaki and guest Jack Bergman discuss why today, more than any time in history, exercising your right to vote is the most important thing you can do, and how he views the response from the government during the COVID-19 pandemic.
In Jared Diamond’s book Why Civilizations Collapse, he explains how climate change, population explosion, and political discord create the conditions for the collapse of a civilization. Diamond’s position reminded me of a quote from Joel Barker who said, “Your past success guarantees nothing in your future.” The US has fallen into the fallacy Barker warns against.
The real issue is “hidden agendas.” One definition of integrity is the whole… It is especially important today, to be aware of hidden agendas. Reading GRUNCH, I could hear my rich dad mumbling, “This is why there is no financial education in our schools.”