Robert Kiyosaki is arguably the most influential author in the finance, real estate, and investing space. His book, Rich Dad Poor Dad, has sold over thirty million copies and has been translated into forty different languages across forty different countries. Since its inception in 2002, Rich Dad Poor Dad has become almost every investor’s favorite book, prompting them to get out of the rat race, pursue financial independence, and teach them everything Robert’s “Rich Dad” taught him.
Robert has seen numerous housing cycles, including crashes, booms, and busts. His knowledge of micro and macroeconomics is astounding (to say the least) and he has some strong predictions for the future of real estate investing and the global economy as a whole. We talk about capitalism, marxism, communism, inflation, debt, assets, liabilities, and everything in between. This episode is not only crucial for anyone who is a fan of Robert’s books, board games, and videos but anyone who truly wants to learn the game of real estate.
As a general word of advice: Robert has some very strong opinions that he voices throughout this episode, and even if you disagree with any (or many) of them, it may serve helpful to listen to his full explanations of his takes. Robert has built an incredibly successful life, but started as a child of a financially dependent family, served in the marines during the Vietnam war, and has fought hard to keep capitalism alive and well in the United States, and abroad.
Be sure to grab Robert’s new book, Capitalist Manifesto, and thank you for joining us for the 500th episode of The BiggerPockets Podcast!
In This Episode We Cover:
Why Rich Dad Poor Dad remains a timeless classic in the investing world
Why Robert favors real estate, precious metals, and cryptocurrency above other assets
The difference between an asset and liability, and why so many Americans confuse them
Writing (and fighting) for freedom, prosperity, and wealth
Paying attention to the macroeconomic trends and using them to make smarter investing decisions
The assets that Robert is bullish on in today’s market
Why you need to love studying real estate to become successful
And So Much More!
Links from the Show
BiggerPockets Pro Membership
BiggerPockets Youtube Channel
BiggerPockets Wealth Magazine
BiggerPockets Podcast 479: 10 Powerful Lessons Brandon Learned Building a $50M+ Rental Portfolio
Ray Kroc's Story
Dave Ramsey's Website
Ken McElroy's Website
David's Guesting on Ken McElroy's Show
Jordan Peterson's Website
Check the full show notes here: https://biggerpockets.com/show500