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  • They don't want what we know out there

  • They'll never get those on CNBC

  • But our school system will never tell us it does their part of the posse fake money

  • fake future

  • Stay back

  • I

  • Know the game of the rich my rich dad taught me, you know, uh, cuz you're the banker the bankers and the rich play

  • Is different than what they teach you in school all over the world. What the school teach you about money

  • And the answer is nothing

  • And that's not a mistake

  • That's not an accident

  • I knew that most people know that the way to keep the poor and middle class working hard has never teach them

  • What the rich know so if you read Rich Dad Poor Dad which came out in 1997?

  • It's what the rich teach our kids about money the poor middle class do not

  • Poverty

  • Hurts. I mean, I don't like it

  • And I don't like that our academic systems so corrupt, you know, we know the banking system is corrupt

  • We know politics is corrupt but act but academics is just as corrupt

  • I mean one thing if it's the banking in the politics

  • but this is where we send our children and we trust them to do the right things for them and yet they're being

  • Not taught something so fundamental like you asked your dad when you were a kid dad. Oh, yeah

  • Stratego tell teach us about money and it was just never never and they'll never will, you know something

  • What do you know?

  • Share it. What is financial education?

  • It's not get a job work hard save money and invest in a well-diversified portfolio

  • Stocks bonds mutual funds and ETFs the financial industry is two things debt

  • and taxes

  • 1971 Nixon took the dollar off the gold standard and the US dollar became debt

  • And we still tell kids to go to school get a job

  • Work hard save money and get out of debt

  • Now who tells them to do that. That's the most ridiculous thing

  • There is the book starts and it says line number one saving money will make you rich and ever

  • Well, you know that all taught that as kids. Why would you save it?

  • And why would you work for it if they can print it?

  • Had faster than you can work for it. Why do you keep saving when they're printing it rich don't work for money

  • Don't you touch that stuff? It's very subtle. Yeah, they don't say

  • I'm gonna train you to be a worker be the rest of your life

  • But they educate you in a way where that's what you come out, right?

  • What else was he? What was he trying to do those first few months. Were you working for him?

  • What was he trying to get across you?

  • Because he taught you the hard way about money, and she said if you're gonna be a successful in your lives

  • You've got to find the best teachers and a great teacher is somebody who comes from the inside not the outside

  • But in school, you don't know if your instructor is for real or not

  • That's where the fake teacher comes from. I

  • Said I want you to teach me about money. So it was so why should I teach you?

  • He said but it if I teach you you work for me for free

  • And I said why for free my dad my poor debt whatnots. He says is if I pay you you think like an employee

  • Your brains will your brain will change if you learn never to work for money, you'll be a rich man

  • And this is powerful once you give someone a paycheck their brain turns off, right because it had been the promise of a pension

  • Right and job security which is kind of a paycheck in disguise

  • Correct

  • After you stopped give the man a fish eats for the day teach him to fish eats for a lifetime and most poor people confuse

  • Assets and the liabilities they think their home is an asset. It's actually a liability right an asset

  • Is a noun like a house?

  • Cash flow is a verb, so to understand if it's an asset a liability. It takes a noun + verb

  • So if the cash is flying out of your pocket, it's a liability

  • If the cash is flowing into your pocket has it burn?

  • That's it. So I own 7,000 rental properties

  • also assets every month the cash flows in

  • Whereas many people have the big house of the hill and the cash is flowing out right now. They're going broke, right?

  • It's like a frame of mind

  • the other thing the poor don't understand is the number one expense for most people as taxes and

  • Yet we don't even see it

  • Isn't that weird you walk around and you look at the paycheck and say oh that doesn't seem right and you don't realize that

  • The government's got a huge hand in your pocket and you are doing nothing to minimize that again

  • This is what was very different about the rich and the poor the rich don't work for money is number one expensive tax

  • See, there's three kinds of income earned portfolio passes

  • So earned income is if I get a job that's earned income if I'm a doctor or a programmer. That's burning because I'm working for

  • if I buy US by pilots an apple for ten dollars I sent over 20, that's

  • Portfolio income capital gains. Yeah

  • But passive income which is cash flow

  • Is never taxed?

  • That's all of these guys are screaming right now in America tax, too

  • Rich as a good luck

  • Because most of the guys complaining they don't know the three kinds of income and the rich don't have jobs. Anyway, they have assets

  • And so the average small out there poor guy, you know sent the kid to school. They don't learn this

  • You see very few people will buy what I do

  • Make a million dollars and pay zero tax and my rich dad taught me that playing Monopoly

  • That's how it started, you know for green houses one red hotel

  • Or the McDonald's for me. I write about it McDonald's Ray Kroc. Yeah

  • McDonald's is in the real estate business. So they sell hamburgers, but they buy real estates. They pay no taxes

  • You know this guy Bezos, but he's sixteen billion dollars how much tax did append a 16 billion?

  • And that's all legal anyone can do it it everybody could to put everyone most people lack the education

  • So once you learn how to use debt as money you can never say I can't afford it

  • Because the banks will give you so the banks after the crash of 2008

  • The banks gave me 300 million dollars tax-free when they asked the average guys that can you why don't you use a debt?

  • They can't even get a loan

  • Because there are scores their FICO scores when only we have them here are so bad

  • The schoolteachers will never tell you about because they don't know it my poor dad. Never knew that

  • You don't know if something as an asset a liability

  • Until you can see which way the cash flows

  • So a house is that it hasn't a liability

  • Well, if it's taking money from your pocket, it's liability. It's putting money in your pocket

  • It's an asset. The US government wants me to provide housing

  • Wants me to provide jobs wants me to borrow money because that's how money is created through debt. I get huge tax breaks

  • Everybody can do the same thing if they had the financial education to do it

  • If people understood the tax code we'd be more prosperous but can poverty be passed through genetic

  • Yes, because it's some type of way of thinking it's an attitude. It's very simple when I wanted people ask you

  • How do I stop it? I just never say I can't afford it ask yourself

  • How can I the reason I have so much money is because I don't say I can't do it

  • I just got how can I do?

  • And I guess one to it. I make a lot of mistakes

  • But that's how I learned, how can I and poor people like my poured that always that I can't afford it

  • You think I'm made of money? I'm a school teacher. I can't do that

  • And I picked that up and my rich dad never said those words

  • So when I make poor people that use the words I can't a lot

  • So the people that said I can't afford it. I can't do this. I can't get to college the rich. Are you able them?

  • I choose not to participate in that and that's one thing people could change today

  • Right now is that dialog in their head to stop saying the word can't I can't right

  • So, how can how can I especially as in I can't afford it

  • How can I afford that because that opens them up to looking at it as an investment to a greater future?

  • Right, you know when I borrowed three hundred million dollars, I couldn't do it when I told I went to ask

  • And I got turned down so many times as a hill and every time I showed the back of my financials they go

  • Sorry, I said look do me a favor. Why did you turn me down?

  • You tell me

  • You business out. The numbers are out here. So I get these numbers fixed. Can I come see you again?

  • Because sure so it's called rejection same as my wife rejected me for six months

  • It's just a matter of personal willpower was a spiritual to signal if they can do it. I can do it

  • And how can I how can I and I think it's you once said words become flesh. Yep. I was a Bible to

  • Intelligence increases through your mistakes through the ups and downs of what you've learned

  • Real Estate's real estate what I learned made me enricher not the money. You don't need money to make money

  • you know, I think all of us every human being has at low point in their life and if they get the message a

  • new life begins

  • If you don't get the message they keep going down

  • The richer I got was because I didn't need any money I could use this to make money, but how did I get there?

  • So I made a lot of mistakes

  • People are afraid of making mistakes and all those for fear of failing

  • Nice nice so very nice. So many people trapped in the same device

They don't want what we know out there

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A2 初級

"You Will Never Be Poor Again" | START DOING THIS TODAY!!!

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    林正曜   に公開 2019 年 10 月 17 日
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