Robert Kiyosaki on Assets, Liabilities, and Financial Intelligence

Best known for his 1997 financial education book, Rich Dad, Poor Dad, Robert Kiyosaki has been teaching people about money and financial education ever since.  This short video gives a great look at his basic idea, "buy assets, avoid liabilities."  But most people are never taught what really makes  an asset an asset.  Kiyosaki makes it simple,

"Assets put money in your pocket, liabilities take money out of your pocket."  

This video is part of a series with the young woman in the video, who's doing videos for the Millennial crowd, sharing Robert's knowledge with a new generation.  Personally, I highly recommend Robert Kiyosaki's books, and I think Rich Dad, Poor Dad, and Cash Flow Quadrant, should be taught in school.  But they won't be, so you have to learn this stuff on your own.  

In a side note, a friend I hadn't seen in a while told me the other day that I should talk less about being homeless right now on social media, because it casts me in a negative light.  I understand his concern.  But a crazy series of things happened, and this is where I'm at.  It's a long, ridiculous story. 

Part of my role right now is to prove it's actually possible to work off the streets, and actually build a legitimate business over time.  How do I know this is possible?  Well, for one, Robert and Kim Kiyosaki were homeless at one point.  Really.  They lived in their car for about three weeks, then in a friend's basement for about 9 months, I think, as they put together a business plan.  The business idea worked, it did well (before Robert wrote books), and they now own thousands of rental properties, stocks, oil service interests, and other investments.  Robert tells the story in one of his books (Cashflow Quadrant?). 

While I don't ever expect to make the money Robert and Kim do, the fact that I'm trying to build something, and slowly making it happen, may help other people make the leap to make change in their lives that's needed.  That's a big part of why I'm open about being homeless right now.  Also, it's the Information Age, people figure shit like this out anyhow.  You might as well admit it up front, and move on. 

Robert Kiyosaki on today's economy: "You don't have much time."

As a kid in the 1950's and early 1960's, Robert Kiyosaki lived on the poor side of a sugar plantation town in Hawaii.  His dad was a teacher, and rose to the top education job in government in Hawaii. But Robert's real dad, like most people, didn't understand how money works.  Robert's best friend's dad, who he calls his "Rich Dad," was building a bunch of small businesses at the time, creating assets for the future.  That man went on to become one of the richest men in Hawaii.  As kids, Robert and his best friend asked Rich Dad to teach them about wealth. 

Now, 50-some years later, Robert Kiyosaki and his wife Kim own 7,000 rental properties, as well as gold, silver, interests in oil drilling companies, and many other things.  His investments provide a huge monthly income, he doesn't have to do anything he doesn't want to do.  He could go fishing or play golf everyday, no matter what the economy does. 

He writes books and teaches people about how money and finances work, because he knows how bad the system is rigged against average people, and that pisses him off.  He knows where things are heading.  Here he shares his views of the current bubbles in our financial world, he knows a huge crash is coming, and he's been teaching people financial education since 1997.  This video gives a quick look at why most people are struggling these days, and I highly recommend watching it, and then reading Rich Dad, Poor Dad, and his other books that interest you at that point. 

"Assets put money in your pocket, liabilities take money out of your pocket." 

-Robert Kiyosaki's  

fundamental understanding learned from Rich Dad.

Buy Rich, Poor Dad on Amazon.  This is NOT a paid link.