Episode 150 | Robert Kiyosaki | Military Millionaire

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Robert Kiyosaki on The Military Millionaire Podcast

00:00 - 05:00

Alex:

Bro, we just recorded with Robert Kiyosaki and I'm hyped out of my fucking mind.

David:

Was it better than you would have expected?

Alex:

I almost canceled because as you can see, for the people on the show. I'm in Belize, I'm on vacation. I was supposed to go, rappelling off a waterfall and I was like, you know, Robert Kiyosaki wrote this great book of a decade ago that changed my life. But you know, it's just a show, whatever, I'll just skip it. I want to, I want to live my life. And I didn't do that because I'm committed to the Military Millionaire podcast and my good friend David Pere. And I was here, and I would have and I'm so hyped. I'm so glad I stayed. This was the best show we've ever done. This guy delivered more than I could have ever expected. He is raw.

Yeah, we should actually put up straight up mad trigger warnings if you got thin skin. I told Dave don't cut nothing. Just leave it raw as fuck. But you know what the number one theme of this show is, the number one theme is people will say he's offensive. People will say he's doom and gloom. People will say a lot of things. But nothing that you can say can affect his life because he has true financial freedom. And that's the most important theme. And that is what prevents people from doing podcasts or doing content or putting their you know, doing their due anonymous posts or they don't put out content because there's like my boss, all these things, or they have opinions that they won't share because they're afraid of social media or the social pushback, and all of that comes down to financial freedom.

David:

Yeah, I mean, absolutely.

He's, he made the joke a couple times about well, I've got an airplane and a bunch of cash.

Alex:

What are you gonna do?

David:

Yeah, that's really hard to argue with.

Alex:

Dude, a lot of people are not gonna agree with his opinions. I don't agree with all his opinions. He's got a polarizing language. He's got a lot of political..

David:

This is the most wonderful podcast we’ve done.

Alex:

But most of its buzzwords he's not a. A lot of it's just buzzwords and it sounds polarizing. But you know, he had polarizing language, but not very polarizing ideas. And, dude, I'm hyped for this show. I thought he would be straight up honest. I thought he'd be the kind of people say he's crazy. I don't think he's crazy at all. I think he's lucid. I think he's just, he's got a polarizing style, and he can do so because he has financial freedom and that incites me to go get my financial freedom even harder so that I can say, more and more ludicrous polarizing shit.

David:

I agree.

Yeah, I did not disappoint at all. This was a lot of fun. A lot of fun. Now, hopefully we can get him back on at some point and, and yeah, getting him to come talk to the War Room, and it's gonna be good times.

Alex:

I’ll bet he says yes, we're gonna mark it on your calendar. Let's ask them to be back on for a one year anniversary. In fact, let's ask and be on every year, an annual.

David:

Yeah, a year from now we can be like, Alright, so the market ended. The world's doomed. Now what?

Alex:

Or not.

And I'm gonna say why are you so wrong?

David:

Oh my gosh, yeah.

You guys are in for a treat. This is a good episode. So yeah, the trigger warnings up. If you're, if you're sensitive, you're going to be offended. It is what it is. Think of it from a holistic rather than a PC political view.

Alex:

Yeah.

And if you're offended, well, this probably ain’t the show for you anyway, we're pretty offensive, I think try to be.

David:

I understand now though. If you listen to the bigger pockets episode with him. I understand why the intro for that one is basically a whole bunch of like, warnings to like, don't even wait for you if (laugh).

Alex:

Even we did it. That's so sad. Even we had to do trigger warning.

Yeah. I don't think anybody who listens to the Military Millionaire podcast. I think it's all veterans or people who identify with the military culture. So nobody probably needs a trigger warning, but it is fun to give one. Ironically.

David:

Yeah, hopefully it doesn't disappoint. I don't think it will. I think this was a really good episode.

Alex:

Yeah, David, I just want to say thanks. Great job. I'm pretty sure. I'm pretty sure. This is my favorite episode. I'm thankful for, I'm thankful to be part of this community, and part of the show, and you're lucky to have me as a host.

David:

Ofcourse!

Alex:

You’re very lucky to have me as the host.

David:

Without you, what would I do with myself?

David:

So what are you planning to do?

Alex:

Yeah, I’m gonna go rappel off a waterfall.

David:

Yeah, sounds rough.

Intro:

Welcome to the Military Millionaire podcast where we teach service members, veterans and their families how to build wealth through personal finance, entrepreneurship and real estate investing. I'm your host, David Pere. And together with my co host, Alex Felice. We're here to be your no BS guides along the most important mission you'll ever embark on your finances.

05:00 - 10:00

David:

What's up guys today I want to give you a quick shout out from our sponsor, me, and the no BS guide to military life.

So I just wanted to touch on this real quick because I don't mention this book enough. And I'm not necessarily trying to sell it to you. You can go download the book for free on my website, there'll be a pop up that shows up and says, Hey, join our email list and get the book for free PDF, boom!

You can also order the hardcopy, I'm a fan of how the hardcover came out. I think it came out really nice, and the softcover but this book was written for anybody, a military veteran who wants to learn about how to build wealth using military benefits and military just opportunities to your advantage. But I will say that it was definitely written with the idea of somebody who is just joining the military. And it kind of goes chronologically through what I think would most benefit you learning at an early age like your Thrift Savings Plan all the way up through VA loan building wealth with real estate, and then personal finance, entrepreneurship, personal development, growth, journaling goals. In transitioning out of the military, right.

This is everything I learned while I was deciding whether to stay in go reserves get out, I went reserves. And so this book is written with you in mind. It's not a sales brochure. It's an actual 250-260 page book that is here to help you as a service member or veteran learn how to build wealth. So go check it out. You can download it for free or go to Amazon or go frommilitarytomillionaire.com/book. I hope it helps let me know.

David:

What's up military millionaires! I'm your host, David Pere and I am with my co host, Alexander Felice, who is hanging out in Belize on this wonderful afternoon.

And today we have the privilege of bringing Mr. Robert Kiyosaki, the author of a book you probably have heard of Rich Dad Poor Dad that a lot of us attribute to myself included to even just opening my eyes to beginning to even think about real estate and cash flow and passive income. And the entire, I believe they call it Purple library of Rich Dad books, as was some of the first stuff that I ever read when looking into real estate and cash flow and assets. And really just started me on this journey towards financial freedom.

So this is an honor for me and a lot of fun. So Robert was a Marine as well. He's a helicopter pilot. And so we share that, that little bond and, and I'm just I'm excited. This is gonna be fun.

Robert, thank you for joining us today.

Robert:

Thank you. Thank you. Thank you.

Nice to meet the two of you.

And anyway, I'm honored to be a part of your program. What do you guys do? I mean, how, who's your who's your target audience? And what? In that area?

David:

Yeah!

So the Military Millionaire community, we help service members, vets and their families learn how to build wealth through real estate, we try to teach the right way to use the VA loan to to buy houses that you're going to live somewhere you can buy like a four Plex and rent out the other units to pay for where you live.

And Alex does. We both did some syndications, we both own a lot of buy and hold real estate. We've done Alex's house flipping and so we just try to teach servicemembers how to use a primarily real estate to focus but how to build wealth, you know how to use the advantages that they're given to, to benefit them.

Alex:

By cash flow, baby! Cash flow.

David:

Yup!

Robert:

That's correct. That's correct. That’s correct.

Alexander, what's your background?

Alex:

I did four years in the Army, as I'm known to say, you know, I did two tours in Afghanistan. So a little war goes a long way. For me.

I went to banking, because I wanted to learn about money. I read Rich Dad, Poor Dad, in 2005. And I gotta tell you, it meant nothing to me at that time. And then I found myself in a financially bleak situation. And the one thing that wrong in the back of my head was passive income, bro, stop trading labor for income. And then when I was ready, you know that old saying, when the student is ready, the teacher will appear. I had that book in the back of my head for about six years before it really pinged me. And now I recognize it as one of the most influential shaping of my financial future. Free cash flow, passive income. And that's, that's my investment strategy through and through. I did banking for a while, and now I'm a full time real estate investor.

Robert:

Well, I'm glad to hear it and congratulations for taking action. Because you know, the hardest part is a lot of people have ideas, or they talk a lot, but they don't do anything. And so I'm honored and thank you for reading my book.

If I could talk about something right now, because this is what's November, something of ember 10th coming up as a Marine Corps birthday, and I'm launching my latest book in a place called brace Island, South Carolina. And it's gonna be a four star and a three star there. And you know, the reason I mentioned that is the reason I wrote capitalist manifesto and the same reason I wrote Rich Dad, Poor Dad, is that as a Marine pilot, I didn't fight for Republicans or Democrats. And I didn't fight for liberals or conservatives. I just fought for our freedom. And what really disturbs me today. The reason my latest book Capitalist Metal Festo is coming out in a few days is because our freedoms are being taken away. And that incenses me has just absolutely pisses me off. And I don't know how many guys you've killed, but I'll kill for freedom. I really don't care.

10:00 - 15:00

Robert:

You mess with my freedom, like a second amendment or First Amendment, you're messing with somebody here. So I get a lot of my background and where this whole thing came from is I was a little punky surfer kid in Hawaii. I wasn't going anywhere in life. So I applied to the US Naval Academy and US Merchant Marine Academy. And I took the US Merchant Marine Academy, back in 1965, and not that I was against the navy or anything, but kings planters in New York are the highest paid graduates in the world.

So back in 1969, when I graduated the class of 69. Navy, and since we're making 200 bucks a month and my class makes 120,000 a year tax rate. So kings point had it all over the Naval Academy as far as I was concerned. But I made the tragic mistake of talking to my English, kind of quasi English Economics teacher. He was a West Point graduate, BS17 pilot, PhD from Harvard. And so I graduated in 69. And I got this high paying job with Standard Oil of California. And you know the dream, you get this high paying, you're gonna climb to the top, you'd be a ship's captain someday. And I only had to work seven, seven months out of a year. It was a perfect job. But that sob, West Point graduate, twisted my little brain. And he tells me what it was like to fly in combat. And so I joined the Marine Corps.

David:

Which is the second highest paying job in the world, by the way.

Robert:

So I was the best. You know, I thought I beat the damn Naval Academy guys. So I got $200 a month to forfeit. I didn't get paid as much as what Standard Oil got paid 475 a year, which was not bad in 1969. You know, back then my classmates were making 120k a year. So it wasn't the best decision of my life. When I look upon it. I took the Marine Corps. I went to Camp Pendleton in Pensacola and Camp Pendleton and Vietnam.

And so with that background, I wrote the Capitalist Manifesto which comes out on November 10. Because as I said, our freedoms are being taken away. And I'm not blaming Biden right like this, this has been going on for quite a while. And so, when I was flying, I was a carrier based pilot. And I flew the gunships, I escorted the 40 sixes and the 53 is the jolly greens. And we had two gunships, and like four 440 sixes and 250 threes and we just flew information with them picking up anybody when we took fire.

And all of a sudden I could see with my English teacher, quasi economics teacher, who had us read capitalist or communist manifesto had was read Stalin had us read Hitler had us read mile. I realized America was already a communist. And I'm flying along the beach flying up the Citadel and I see all these burned out French chateaus and I went holy mackerel is that the future of America so that it was a French rip French into China Riviera are long in Vietnam.

And so a few weeks ago, or a few months ago, I'm driving to my office in Scottsdale, Arizona, and the place looked like Vietnam. And the place was burned out, Neiman Marcus was boarded up, Apple was boarded up. And ongoing communism has already infiltrated America. So that's why I wrote this book: Capitalist Manifesto comes out in a few weeks. But I fight for our freedom and our freedoms are being stolen. And one of the biggest freedoms we have is the freedom from needing a job. And you know, I have you know, like, a lot of pilots won't fly because they won't take the job. They're firing nurses because they won't take the job. You have to wear masks, social distancing, well that's all fascism. And so the reason I'm happy to be talking to you guys is because if you can gain financial freedom fuck them as the ultimate don't fuck with me attitude. I'm a Marine, I don't really give a shit. You know, I have a layer 60. I have millions of dollars stored outside the United States, legally, I do everything illegally. And if they fuck with me, I'm out of here, man, that jet will go anywhere. So I said, I have an attitude problem. And I really thank the US Marine Corps for my attitude. And that's why I commend anybody in the military. Because if you've gone through the bullshit the military puts you through is the best discipline you can have. Because to be successful in life is discipline, it is the most important thing you can do. I'm happy to talk to you guys and keep up the good work.

15:00 - 20:00

David:

I say the freedom to only have to work on what you want, when you want where you want is. It's a good place to be right, you shut everything down, and you can just disappear. I know Alex and I've talked about this a few times where he kind of jokes with people about how like, you can't afford me. And it's like, well, he doesn't mean can't afford him so much is like, Alex says it better than I do. But like you can't buy his freedom.

Alex:

You know, Robert, I think in this day and age, some of your opinions will be controversial to some people. But I think the idea that financial freedom is actual freedom. I think that is a resounding, really profound idea that people under-appreciate, especially people who, for lack of a better term, you know, they want to rely on the government. And so people who say, you know, we can argue, or I'd say people would argue with you about freedoms being taken away, whether they're right or not, isn't my point. My point is, if you have enough money that you can tell everybody in the world to go fuck themselves, then the conversation has now moved, right? It's like, there's nothing you can take away from me. And so once you're reliant on somebody else's decisions to guide your life, you have given up your freedom, whether you agree about what should be done with that freedom or not. You've given it up. And I wholeheartedly agree with that aspect.

Robert:

Yeah, job security is slavery.

When you think about it, and this Black Lives Matter and, and Tifa and you know, I get called a white supremacist look in the mirror, I'm still not white and racist, and all this stuff. You know, I go, What happened to America? What happened to our freedom? So that was a long time ago, in 96, I created the cashflow board game. And this is if I could plug it here.

Alex:

Plug it.

Robert:

This is the board game you know.

David:

I've got the kids version for my little one.

Robert:

Well, the kids versus really the Marine Corps version.

David:

I can't even fight you on that one.

Alex:

Budget crayon eaters.

David:

I have gone through many cashflow board game nights, just because it's a fun game to play with friends.

Robert:

Let me take the time to explain the logic behind it.

David:

Absolutely.

Robert:

So in the real world, this is where you go to school and you get stuck in the rat race, get to go to school, get a job, work hard, hope your 401K's are there. But the fast track and they really do exist on a fast track. And so when I came back from Vietnam at 73, my poor dad wanted me to just get a job and fly for the airlines. And I'd be a prisoner of war that you know. And besides, you don't want me flying an airliner because I'm a helicopter pilot.

Alex:

I bet you'd be excited. It'd be an exciting flight.

Robert:

If I'm not hitting tree tops. I'm too high.

But anyway, I wanted to come out on the fast track. And most people, even like my poor dad with a PhD, really did not know there was such a thing as a fast track. And the reason I created the board game is the only way you can get on the fast track is a text, this is called a financial statement.

So this is income expense, asset liability. So when you go to school, they focus you're here so if you're a doctor or a lawyer or employer you focus on income and expenses. What the rich or the capitalist focus on is balance sheets, and 99% of people leaving school even the PhDs with MBAs do not know it's the balance sheet is what the rich hang out on. So the only way you get to the fast track, which is why I created this game with my wife in 96 The way you get on to fast track and through the balance sheet. And so it was basically teaching financial literacy. You know, the vocabulary of money is that I wanted assets about which schools to choose. Your house is an asset, when it's really a liability.

20:00 - 25:00

Robert:

And another insane thing they teach you in school is that if you cooperate, it's called cheating. Well, I cheated all the time. You know what when I climbed in with my crew, and I had two gunners, a little gunship, two pilots, two gunners, and crew chief. We're a team. We cooperated. But in school, that's called cheating. And as soon as they left, two other birds joined in tight. Then we joined the mediums, the ch46, or the chinooks and army. And then we picked up on the jolly grains, and the military always teaches you to cooperate. But in school, the people that cooperate are called cheaters, crooks.

And so that's why I have no respect for school. That's why I'm glad I went to military school. I didn't go to snowflake college, you know, and do that stuff. And, and I learned and I, and when I was in Vietnam, Nixon took the dollar off the gold standard, so 71. So I said, Jesus, I don't even know what gold is. And so I'm reading the map. I'm on the carrier, LP H3, Okinawa. And I find this map of Vietnam and it says, a little pick and shovel with AU goldmine. I said, Oh, my God, maybe I can get gold at a discount. There was only one problem was a gold mine was now behind enemy lines. But being moraines, we're not the brightest guys on Earth, we get in quickly and get out. So my first first mission is my first deal. Looking for a goal, we fly behind enemy lines. And I walk up to this little shack and there's a woman there selling gold and Vietnamese at Red teeth in a cafe to bid on that, and I saw that the goal that day was 50 bucks, you know, and it was floating from 35 to 50. So I was a little late on the market timing. So I offered her 40 bucks for her gold. And she just gets into the shitty grid like, fuck you. It's 50 bucks. And I said, No, no, no, I'll pay you 40 She goes, fuck you. 50 bucks. And then she taught me a new word. It was called spot. A and what is spot? The spot is the price of gold that day all over the world. And you know, they don't teach you that school. And then I realized that maybe she was the best teacher I ever had. She's probably about, you know, five foot one and little red teeth. But she was saying, telling me to wake up. She was telling me the same thing my rich dad was telling me because my rich dad never went to school. He says you've been lied to by your own school system.

You know, look what happened just last night in Virginia. People are protesting the Communists who are teaching school today. You know, this whole thing Black Lives Matter. I'm not against blacks, or trannies and all that stuff. You can you know who you have sex with. It's up to you, not me to join me, but they're brainwashing our kids. So that's why I wrote the book Capitalist Manifesto comes out on November 10. But I'm fine. I'm still fighting communists. And I hate to say this, but most school teachers are communists. They don't know it though. Because they never studied. You know, the Communist Manifesto. They never studied Hitler. They never studied Mao. And you guys know who's killed the most people in the whole world. Communists. You know, we go in there, we take care of them. But I think Mile killed 60 million, Stalin killed 120 million, Hitler killed 18 million. And we go when they would just take care, we take names and come home. But that's why I still fight for our freedom. But this is the ticket to freedom. You've got to have a financial statement. Otherwise you can't get free. You're a slave for job security and a pension. And of worst of all this stupid thing called a 401k or an IRA. Oh my god. Oh my God, that's called slavery.

Alex:

They really wanted you to use a 401k to get rich, they wouldn't limit the amount of money you can put into it every year.

Robert:

What’s that?

Alex:

If they really wanted you to get rich, wealthy of an IRA or a 401k. They wouldn't limit the amount of money that you put into it every year.

25:00 - 30:00

Robert:

Look, the reason I don't like the 401k, the IRA is called taxes, and you had no control over the asset.

Alex:

Yeah.

Robert:

You know, even if you buy a duplex, you have some degree of control. But the most important thing about real estate is debt cuz I can use debt as money and don't pay taxes. So my whole game has been, you know, the cashflow board game, let's get onto the rat, get out of the rat race, get onto the fast track. And you know, this year alone I borrowed 300 million bucks. And the average guy goes, but you're supposed to get out of debt. And you know, that's Dave Ramsey stuff which if you're an idiot, you should not be in debt. You should cut up your credit cards. You know, Suzy Orman says she cuts up her credit cards out there. She cuts her credit card up and calls it public television. I think I'm being circumcised or something. What are you doing? Cut up my credit card.

Alex:

Let me ask your question.

Everybody knows you as the real estate guy. And if there are any paying intentions, then they know that you're advocating for cash flow real estate, which I believe in. Lately, I think people have seen you talk a lot about gold, silver and Bitcoin. Which I don't disagree with. But why haven't you pushed for as much real estate lately? Is it just the market? Or has your opinion changed in general?

Robert:

Well, everything is opposite of what you know, there's always three sides to every coin: heads, tails and edge and intelligence as you stand on the edge. And the trouble with academics today is there's only one side and it's communist. You know, our school our school teachers are Marxist or hardcore Marxist. It makes me sick. But anyway, this here is a gold Eagle.

Today, you know, I paid for my first one I bought. I paid 50 bucks for today, which is about 1800. But the reason I recommend gold, silver and Bitcoin is because in financial literacy, there's no counterparty risk. Let me show you another picture here.

Alex:

Can you explain what that means?

Robert:

Yeah, this is a Zimbabwe 10.

Alex:

Zimbabwe knows about inflation. Let me tell you what

David:

He went there.

Alex:

My senior thesis was on Robert Mugabe and the hyperinflation of Zimbabwe. So I know very well.

Robert:

We're going there now, you know.

Alex:

I agree with you 100%.

And that's why I want to have this conversation. I'm well studied in macroeconomics.

Robert:

So let me explain counterparty risk.

The counterparty on this thing was Robert Mugabe of Zimbabwe. The same as the US dollar, the Counterparty is Biden and Janet Yellen of the Treasury and then Powell of the Fed. The counterparty and fiat money is the government. The counterparty on a piece of gold is God.

Now, who would you trust more, God or Biden? So I save gold, silver, and Bitcoin, because Bitcoin is people's money through the blockchain and the network system. I just don't trust the dollar. I don't trust the government. I don't trust the Fed. And I don't trust Wall Street. So that's why I would rather as an entrepreneur, I would rather start my own businesses, which I do, and I invest my money because I use debt. When I say make a million dollars in my business, then my job is to go, this is how it shows up. Let's say I make a million dollars in rich dad here. The trouble is, I'll be taxed. And my game is to make as much money as possible and pay no tax legally. So I make a million dollars here, then I've got to borrow $4 million here, the liability side, which steps me up to a basis of $5 million on the asset class here. And the $5 million offsets the $1 million, and I pay no tax. So that's why this year alone, I borrowed 300 million bucks, all of it tax free. But they don't tell you that in school. And I do it legally. And people say well, you can't do that. This is done all over the world. It's done all over the world.

If you live in Canada, you can do it. Japan, you can do it, Asia, I mean, Europe, you can do it. But without financial education. This is how they get you, it's taxed. And it was a person called Karl Marx. This is the best way to destroy people is by taxation and inflation.

So what is Biden doing right now is going to print another 5 trillion who kept who's counting anymore? They want inflation. But the only way they can offset the debt I'm here is by taxing you. So I don't think America's long, I think we're going down into a depression pretty soon. And that pumping as much money as possible, which is good for real estate guys. And the stock guys.

30:00 - 35:00

Alex:

In the short term?

Robert:

In the short term, I'm just upset that, you know, the communists are now in charge of America.

David:

It makes me happy to hear you phrase it though, in the wording of I took on $300 million worth of debt this year, right? Because even people who are in real estate often don't talk about where they talk about how much they purchase. They don't talk about the debt side, and I'm kind of weird, obviously, it's up to $300 million worth yet, yet. But I mean, I'm in a boat right now where I'm pretty much locking up every bit of long term fixed rate debt that I can because of inflation.

So I had someone comment the other day on one of my videos, it was like, oh, you know, are you worried about inflation, ruining the real estate market, and I was like, actually, I'm worried that I'm not gonna get enough properties under long term fixed debt before that happens. Because real estate is, you know, inflation's really a pretty good thing for the real estate market, at least in the short term.

Robert:

It’s good for the stock market. But I would, and the reason I support what you guys are doing is because real estate is illiquid. In other words, if you buy a piece of property, you can't sell it fast if it goes down. But let's say, buy Amazon or Apple, if I buy it tonight, let's say 100 bucks, and it drops to 50 tomorrow, I'm out at 50 I'm out. But real estate, the trouble with real estate, it's a long term hold. It's not liquid, and you gotta ride that baby down.

So I support anybody like you guys know, deeper pockets and all that stuff. Anybody that's teaching financial education, you've got to be smarter to be in real estate than in the stock market. Any idiot can buy a stock, but you better be pretty, pretty smart and savvy and aware of what's going on. If you're gonna buy real estate.

Alex:

I agree with that.

Are you trying to say that you don't think Tesla has a market cap worth more than all the other car companies in the world combined? Or is it just mania due to inflation?

Robert:

I think you guys know what's going on, you know there.

David:

I have a printout picture of the tulip mania chart in my conference room. And I look at it every day. And I'm like, yup!

Robert:

And we're pretty close to it right now. Because if this if the Fed goes to crypto, you know, the crypto dollar, the Bitcoin dollar US dollar?

Alex:

I think that's gonna happen. Is that what you think is gonna happen?

Robert:

I'm just saying if it happens, we will go to Zimbabwe.

Alex:

Is it like modern monetary theory, what they're talking about where they just, they just say, hey, we have a new economic system, we can print as much money as we feel like now.

Robert:

I don't trust them. And all I'm saying is if they go to the US crypto, the Fed coin. I think we will go to Zimbabwe.

Alex:

I actually, I know that. And I'll be honest, I'll be brutally honest with you. I know. There's a lot of detractors of your message right now, who say your doom and gloom, but I personally, deeply share doom and gloom. And I think that Hyperinflation is coming. And I think a Zimbabwe type situation or a 1929 Weimar Germany situation is coming because of the actions of the Fed.

Robert:

And they put in a system doom and gloom doesn't know they don't know, I'm an optimist.

Alex:

No, no. I don't want you to take it as an insult, but I want you to, you do know that people say this about you and I actually am on your side.

Robert:

I'm a Marine. I can't understand what they say anyway.

But no. But how stupid, how fuckingstupid they are. You make your money when that crashes? Yeah, I'm gently thinking about the crash that's coming.

Alex:

So can I ask you a follow up question on that actually, because in 2014, I started buying real estate. I was a little bit you know, still green. It was my first cycle. And I said, Man, these things are all overpriced. How come everybody isn't doing this? And people were really scared. And I mean, this is an anecdotal experience based on the people I knew but the market environment in consumer competence was really low. Even though asset prices were really low.

Now asset prices are really high, right? Things are inflated. We know there's inflation. We know there's risks and people seem more confident than ever And that to me is backwards. So is that me being crazy? And or is that me being stupid? I don't realize whatever else is known, or is that me being smart and everybody else is being crazy?

35:00 - 40:00

Robert:

Well not bad for an army guy.

No, I mean, look, these guys they got to grow up markets go up and markets come down. And so when do people, when the suckers buy they buy at the highest point. So I'm doom and gloom for sighted people. Hey, be careful this is an all time high. Oh you're a pessimist. Fuck you. I'm just waiting. I'm just waiting for the crash. Oh you're so doom and gloom and go like I was at a party the other night and this young couple came up to me as a Phoenix Arizona there, they took some some guys real estate course there give me the jargon. You know, my cap rate is this, my desk is this and this and this and this. And I said, so what is around your property? And I said, Look, if I were you right now I'd be very careful because you're buying at the top. Oh, no, real estate always goes up. Are you shitting me?

Alex:

That's the motto that 2008 collapse only goes up.

Robert:

You know some guys look at porno, I look at crashes. Oh my God, everything is on sale. Lovely. Lovely. Lovely.

So that's why I crack up on my pessimist. I'm really very excited about the coming crash because I'll make more money.

Alex:

Well, I'm glad I got to ask you that, honestly, because I deeply agree with you and I've been doing less real estate in the last year and a half than I did. And I find more and more people reaching out to me and saying Alex, what do you do in real estate and get all excited about real estate? And what are we gonna do and what kind of deals are you closing and I'm like, I'm doing less than ever. And people seem more excited than ever. And then they look at me like I'm they look at me like I'm a sucker for not participating when the market I look at and go, it's just too hot to handle. It's too much. The margins are tight. And the deals are harder to find. The money is going to be made at the bottom, not at the top.

Robert:

And Zillow just defaulted on 7000 rentals.

David:

I was about to ask what your thought was on that?

Robert:

Well, to me, that's the top is in, you know, oh, you're a pessimist. I'm going. Now I'm just waiting for all that crap to hit the bottom so I can buy some more of it.

Alex:

I'm a pessimist at the top and optimist at the bottom.

Robert:

I'll tell a quick story because I grew up in Hawaii, I go to school in New York. And I didn't know what black guys were. I didn't know what Jews were. I didn't know any of this. I just know that you're white or you're Asian. That's all when you.

So I'm in school in New York, I was yelling about these Jews. I said what's a Jew I don't know what Jew is, you know, how can I be prejudiced? I don't know what the heck they are. So one of the guys is a Jew there. So his name was Elle. I say my classmate is Elle, l what's a Jew? He says, Oh, this, this, I still don't understand what they are.

But anyway. I said, so what happened to your family? He says, well, in 1930, Adolf Hitler came to Berlin as Chancellor 33. And my family says we're out of here. So in 1930, his family moved to New York. And that Hitler came to power in 33, the same year that Franklin Delano Roosevelt, that Communists came to power also. So I said, so what did your family learn? He says, Well, the pessimists left Berlin, they came to New York and became very rich. And the optimist went to Auschwitz. I got it. You know, you have to be both optimistic and pessimistic. And all the idiots right now at the top of the stock stock market all time high Tesla’s like 10 trillion dollars, or whatever it is. Real estate is an all time high. What's wrong with this picture? Nothing. But all the idiots are running in right now. And Zillow just defaulted on 7000 properties.

David:

It's interesting that you brought up the that example for optimism because I immediately think of Victor Frankel's comment about how the people who didn't make it out of the concentration camp were all the optimists who thought you know, the end was right around the corner, kind of an interesting perspective change when you think about, you know, how everyone they always say not to be negative always be optimist, but like there's a there's a there's a balance there for sure.

40:00 - 45:00

Robert:

Let me just say one of the biggest problems and I really hated school, I'm glad I went to military school. I would never make this snowflake university. But all this stuff with gender and gender pronouns and all that, that's killing us. I'll tell you why.

I went to Sunday school. I didn't do well in Sunday school. You So you know the Word becomes flesh and dwelt amongst us. And then I was talking, I was a student of Dr. Buckminster Fuller. And he says, words are the most powerful tools, because words affect your brain. So what the Liberals are doing right now is they're using this gender bias, to force us to change our words. They don't give a shit about transvestites. And all that transgenders. They want to change our words, gender pronouns. And when they can change our words, they've got us. So never let anybody change your words. Because the most powerful thing you have is the real estate between your left ear and your right ear, you have no assets for liabilities, but what gender pronoun I don't care, and I don't want to learn it. So I refuse to let these SOB communist Pinkel liberal college professors change my words. Fuck you guys. I choose my words carefully. So what I'm an optimist, I'm an optimist and a pessimist. I'm a pessimist. And I don't care who you sleep with tonight. I could give a shit.

Alex:

Your fiery dude, I like it.

You’re a fiery dude!

David:

He’s a marine!
Robert:

I'll tell you something Alex. You know, Marines are assholes. You know that, right?

We think we're pretty hot. So when I got to Vietnam, I got assigned to an army, I forgot the name of the. And you guys can fight. I was so impressed. I got out of the Marine helicopter and I flew with the army Cobra. I was so impressed with the Marine guys fight. But we all speak the same language. And that's by the power of words. So when they're trying to change our words, and they do it through gender biasing they're messing us up.

Does anybody change your words?

Alex:

One of the things that people like to talk about censorship, censorship, censorship, but to your point, actually, what people don't talk enough about is compelled speech, meaning they are worse than controlling what you can't say is telling you what you have to say.

Robert:

Yes.

Yes. Far worse.

Yes. And that's why you guys are teaching in the military, anybody who has been in the military has got a head start because they understand what it's like, be disciplined at least, have some sense of it. And I would not be successful today, if I hadn't gone to the academy, and spent six years flying for the Marine Corps. That's where I got my discipline. And when somebody tries to mess with my words, or be politically correct, don't you mess with my words, and the word becomes flesh, and dwelt amongst us? Fuck you, you change your own fucking words, but don't change mine.

Alex:

Every time David, David and I go to a lot of real estate conferences, and every time we go, we find very organically we find ourselves in a group of military guys. It's six, 6 to 10 of us. And it's every single time and it's completely unplanned. And we end up hanging out with each other because we all speak the same language. And we have a lot of thick skin. There's a lot of thin skin in the world right now. And I think those all go hand in hand with what you're saying.

Robert:

You know, this political correctness is that they're really trying to pretend that they're really kind and all this. Political correctness means you treat everybody as kids as little children. You can't say nice things and all this. And when I studied at military school, sometimes you have to kill people.

David:

Yeah.

Robert:

You know, and, and so I was talking, you know, I never killed anybody. I didn't carry a weapon to Medicare to 38 special Big fucking deal, you know, but we call it when we call in airstrikes. We've wiped out a lot of people. And they go, Well, sometimes you have to kill them. And so what is to defund the police and all this stuff they're doing right now? Do you know what the stats are? In 2019 Police killed nine unarmed blacks, 9. In 2014. It was 14 the truth 2020 was 14. But how many black on black murders, whether it was 270 Black on Black murders to one white cop murder, and they just distort the facts. So that's what I fight for is I want the freedom of the press. The freedom to say what I want to say, and not be censored. That's what I fight for.

You want to be a communist, free country, you want to be a tranny, free country, who you sleep with none of my business. That's how I whole life. And I want to be a millionaire and pay no taxes as my business.

45:00 - 50:00

David:

Alright, so I know we're running a little long here, and I know you got to get ready, you're busy, man, I got two questions for you.

The first one is more, you know, super short answer, just out of pure curiosity, was the 53 a piece of shit in Vietnam too or is it just because of how old they are?

Robert:

Well, it depends on the pilot. Was he sober or drunk when he was flying.

David:

Alright, that works.

Robert:

I hate to tell you that. But it was all in the pilot.

David:

I rode in a 53 quite a few times. But I'd never forget the first time I got on it. And I'm getting sprayed with hydraulic fluid. And they were like, Nah, that's good. When it stops spraying you with hydraulic fluid. That's when you got to worry. And I was like, Oh, this is gonna be a great ride.

Robert:

I don't ever regret all that time I spent in Vietnam. I'm glad I did it. Because you know, they're life changing. You see stuff nobody should ever see really. You know that I met the first time I met her back. This army guy got hit with a 50 cow. Oh my god. You know. And when they came back home, I got spit on in California. And that's why I'm still fighting. If you could get my attitude here. I fight for our freedom. And freedom of financial freedom is worth it. And that's why I was happy to come on your program here. Because if you can get free from job security, you're free. You know, like I said, Yeah though I walk through the valley of the shadow of death, I shall fear no evil, because I got a lair 60 And I can fly anywhere in the world because my money is already offshore. Fuck you guys.

Alex:

Hey, Robert.

Hey, look this has been the least you are the least pandering guests. We have had by far. And I'm very grateful for that. But you're right, we live in a changing politically correct environment. Is it affecting your ability to? I mean, it's kind of a personal question, you're a very famous guy who should be able to get interviews. No problem. Is it affecting your ability to get a voice in the media because you're saying things that are non-pandering?

Robert:

I actually thrive on it. I love it.

Alex:

I can tell.

Robert:

I love it.

Alex:

But do other people? Do they shy away from me now?
Robert:

I hope so.

Alex:

You're my fucking spirit animal right now. You know that?

Robert:

The reason I talk about you know, being a little surfer kid from Hilo, Hawaii. I was not a wimp, but I was just happy go lucky kid. And thank God the military. God bless them. I mean, they shake me up. I got court martial twice. I have an honorable discharge. But I had some very serious disciplinary problems. And the thing I love about the Marine Corps is they don't give a shit. You fucked up, you pay the price. And God bless them because I needed that. I needed the threat of going to jail and being dishonorably discharged and all this. And I wasn't doing anything really wrong. Just flying women and drop flying women in my helicopter and getting dropped. What's wrong with that?

David:

What's the worst that could happen?

Oh my goodness.

Alex:

Anybody who's a rebel at heart has a place in mind.

David:

So one last question for you. And I know this one could have a huge answer. So definitely no, no need for that more of a. But I'm just curious, like if you were an 18 year old service member right now, looking to become you know, get started in investing. What do you think your strategy would be? Would you focus on real estate? Would it be more dollar cost into Bitcoin? Gold, silver? What? Where would you want to throw your money right now?

50:00 - 54:46

Robert:

I would start with a cash flow game right now because you have to understand this. This is your ticket. It's called a financial state. How do I borrow $300 million? Well, because I have a financial, I have a balance sheet. So when I walk in to my banker, and I get millions of dollars, billions sitting here don't lend me what I want. But you have a weak balance sheet.

Again, Everybody focuses on income statements. This is an income statement, balance sheet statement of cash flow. All Rich Dad Poor Dad is a book on accounting. That's all it is. So all the Yoyo’s are focusing up here, the college professors who have no money, and the college professors hate rich guys, because they don't know what this is here. You see the rich focus on the balance sheet. And the bureaucrats and the school teachers focus on income statements. And get out of debt and all this other stuff. Yeah.

So if you're going to be starting out, you've got to notice the income statement, balance sheet statement of cash flow. And once you get that inside your head, you’re a changed person. So that's why I'm thrilled, you know, Rich Dad, Poor Dad was written after we created the cashflow board game. Because if you can get your mind into this here, assets versus liabilities, you're free man or woman or trainee, I don't care. I just want your freedom. You all have a job.

Alex:

You’re not holding.

David:

I love this.

So people ask in my group all the time, like, oh, I have $1,000 to invest in what do I invest in? And my answer is always education.

Robert:

Yeah.

David:

If you only have $1,000, spend it on learning. Like, if you have to ask this question, then the answer is you need to figure it out. Like you need to educate yourself, get around people that are doing what you want to do.

Robert:

Let me leave you with this. Because you know, when I was seven years old, I was having trouble in Sunday school also, again, disciplinary problems. I just couldn't, I just couldn't drink the you know. So I'm sitting there in this Sunday school teacher, she asked this question, Why were the three wise men wise? And so I raised my hand. I said, because they're rich? She says, no, no, no, no, no. Why would the three wise men wise, he says, the rich she goes, Why do you say they are rich? So I looked at her and I said franklin, gold and myrrh. They came loaded man, they came loaded with frankincense, gold and myrrh rich guys. And she goes now No, no. So what's the answer? And she said the most profound things that changed my life. She says they're rich, because they always sought the best teacher. So I'm not trying to pump Christianity or the freedom of religion, but they were seeking the best teacher. And so all young guys right now, the most powerful tool on planet Earth is this thing here called an iPhone. You can access..

David:

Or an Android.

Robert:

You can jump onto YouTube and all this stuff. And you can access some of the smartest guys on planet Earth. And you don't have to have a college degree. You don't have to have student loan debt. But the greatest teachers are on this show the biggest Crux and Condon but always search for the best teachers.

So when I heard about your podcast, and I was not techie, if you're talking to military guys, he thought military guys have already got one way down the road is called discipline. You've got to have discipline. And when you fuck up pay the price. Yes, I did it, move on. And so that's what our schools lack and courage. They want you to be PC you know, don't hurt anybody's feelings and all this bullshit. And go for your freedom. Freedom, it's worth going for.

David:

I love it.

Robert, this has been everything I could ask for. I appreciate this has been really good.

Alex:

Everything I could ask for and more.

David:

This has been a lot of fun. Thank you so much for joining us today.

Robert:

Anytime back to support you guys. I'd be happy to because you're talking to the audience that I love I love talking to

Alex:

Robert, we're gonna have you back here in one year. That's gonna we're gonna do we're gonna call you met a year we're gonna have you to recap.

Robert:

Okay.

Alex:

This is you actually you lived up to the hype, my friend. I'm very excited that we did this together. I'm very thankful.

Robert:

Well, no, I'm thankful for you guys too. Because you guys teach courage, freedom. And that's what we need today.

Thank you very much. Keep up the good work.

David:

Semper Fi brother.

Robert:

Semper Fi.

David:

Have a great day.

Robert:

Thanks.

End:

Thank you for listening to another episode about my journey from military to millionaire. If you liked it, be sure to visit frommilitarytomillionaire.com/podcast to subscribe to future podcasts. While you're there. We'd love for you to rate the show. Give us a review on iTunes. Now get out there and take action.

Robert Kiyosaki quote about Gold and Bitcoin

Episode: 150

Robert Kiyosaki

Join your host David Pere and Alex Felice in this golden episode with the one-and-only Robert Kiyosaki as he talks about Rich Dad, Poor Dad‘s core message on freedom, together with what can be expected from his newly released book Capitalist Manifesto: How Entrepreneurs Can Save Capitalism.

Twenty-five years later, here, Robert explains to us the logic behind “Cashflow 101,” the board game he released in 1996, and how it explains the concept of life on the fast track. Of course, when you’re in school, all that you’re made to focus on are income and expenses. But in reality, the eyes’ of the wealthy aren’t set on those.

In this episode, Robert talks about his life growing up as a punky surfer kid in Hawaii, his opinions on pessimism and optimism, what he learned during his years as a helicopter pilot, why he just can’t trust the dollar, and the reason why he came up with the book Capitalist Manifesto. Real freedom is freedom from job security!

About Robert Kiyosaki:

Robert has been heralded as a visionary who has a gift for simplifying complex concepts—ideas related to money, investing, finance, and economics—and has shared his personal journey to financial freedom in ways that resonate with audiences of all ages and backgrounds.

His point of view is that the “old advice”—go to school, get a job, save money, get out of debt, invest for the long term, and diversify—has become obsolete advice in today’s fast-paced, ever-changing world. His Rich Dad philosophies and messages challenge the status quo, and his teachings encourage people to take the initiative to become financially educated and financially free.

Robert is the author of 27 books, including two books with Donald Trump, prior to him becoming President of the United States. Robert has been a featured guest with media outlets in every corner of the world. He is the host of the Rich Dad Radio Show podcast, a world-renowned speaker, and a life-long student.

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Outline of the episode:

  • [08:12] The problem is when you’re all talk and no action
  • [09:45] Why Robert Kiyosaki wrote Capitalist Manifesto
  • [12:50] Robert Kiyosaki – our freedom has been taken away
  • [17:35] The Logic Behind Robert’s Board Game
  • [24:25] The most important thing about real estate is debt
  • [26:16] I just don’t trust the dollar, the govt., the FED, and I don’t trust Wall Street.
  • [32:28] Thoughts on the U.S. government getting into crypto
  • [34:33] Robert Kiyosaki – you need to be both optimistic and pessimistic
  • [42:13] What’s worse than censorship?
  • [49:24] What you need to understand first and foremost if you’re new to real estate or entrepreneurship

 

Resources:

Website:              https://www.richdad.com/

Facebook:           https://www.facebook.com/RobertKiyosaki

Twitter: https://twitter.com/theRealKiyosaki?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

Instagram:          https://www.instagram.com/therealkiyosaki/?hl=en

 

Pre-order Capitalist Manifesto: How Entrepreneurs Can Save Capitalism, Book by Robert T. Kiyosaki Now:

https://www.richdad.com/capitalist-manifesto

 

Check out Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not, Book by Robert T. Kiyosaki:

https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194

 

Follow The Military Millionaire Podcast’s journey on:

Website:              https://www.frommilitarytomillionaire.com/

YouTube:             https://www.youtube.com/c/Frommilitarytomillionaire/

Facebook:           https://www.facebook.com/groups/1735593999901619/

Instagram:          https://www.instagram.com/frommilitarytomillionaire/

 

Grab your book copy of The No B.S. Guide to Military Life – How to Build Wealth, Get Promoted, and Achieve Greatness, Book by David Pere:

https://www.amazon.com/B-S-Guide-Military-Life-greatness/dp/1736753010

 

Zero to One: Real Estate Investing for Beginners:

https://military-millionaire-academy.teachable.com/p/from-zero-to-one-real-estate-investing-101

 

*Episode Sponsor*

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Advice to an 18-20-year old: Invest in your education, play the Cash Flow Board Game!

Real Estate Investing Course: https://www.frommilitarytomillionaire.com/teachable-rei

Recommended books and tools: https://www.frommilitarytomillionaire.com/kit/

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My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase “I don’t get paid enough” entirely too often. The reality is that most often our financial situation is self-inflicted. After having success with real estate investing, I started From Military to Millionaire to teach personal finance and real estate investing to service members and the working class. As a result, I have helped many of my readers increase their savings gap, and increase their chances of achieving financial freedom! – Click here to SUBSCRIBE: https://bit.ly/2Q3EvfE to the channel for more awesome videos!

THIS SITE IS INDEPENDENTLY OWNED AND OPERATED. ALL OPINIONS EXPRESSED HEREIN ARE MY OWN. THE VIEWS EXPRESSED ON THIS SITE ARE THOSE OF THE AUTHOR OR THE AUTHOR’S INVITED GUEST POSTERS, AND MAY NOT REFLECT THE VIEWS OF THE US GOVERNMENT, THE DEPARTMENT OF DEFENSE, OR THE UNITED STATES MARINE CORPS.

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David Pere

David Pere

David is an active duty Marine, who devotes his free time to helping service members, veterans, and their families learn how to build wealth through real estate investing, entrepreneurship, and personal finance!

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