Why the Rich are Getting Richer | Robert Kiyosaki | TEDxUCSD


Translator: Queenie Lee
Reviewer: Denise RQ This subject,
“wealth and income Inequality” are the biggest moral crisis, and I’ll also say it’s a spiritual crisis
in America today, all around the world. This gap between the rich
and everybody else is reaching critical proportions. I think one of the biggest crises
of the young people, today’s young unemployed
become tomorrow’s unemployable; they lose valuable jobs training skills. I’m going to show, as a picture
is worth a thousand words, I’ll just show you some pictures about how rapidly this inequality as well as the opportunity inequality is growing. What’s happening in America today
is savers are losers. Most parents say the kids go to school,
save money, and work hard, but in 1970, when I graduated from school, 1 million dollars at 15% interest
earned me 150,000 a year. Now, you could live
on 150,000 dollars a year back then. But in 2016, do this thing
called quantitative easing, I called it the Greenspan Put. It’s one million dollars
at negative 0.05%, it’s going to cost you a million dollars
to save a million dollars. That is how deteriorated
our financial systems have become, and this is one of the causes
of the gap between the rich and the poor. Another thing is
that fewer and fewer families are receiving middle-class incomes;
it’s going down. Every time we shop at Walmart,
we ship dollars and jobs over to China, and Pakistan,
and all the other countries. That’s capitalism. Another thing that’s happening
when people’s incomes go down: they become dependent. Now, the US government tells us
that poverty has been beaten in America. Maybe poverty has been beaten, but what has increased
is the entitlement mentality. The attitude that the government
and other people should take care of me. As I said, it’s a moral crisis
as well as spiritual crisis. I learned in Sunday school
“Give and you shall receive,” and too many people today think
they should receive. This is another crisis here:
social security. Being Japanese, the Japanese call it,
“Ah, social security.” (Laughter) I’m a racist, I know. (Laughter) But anyway, I’ve met
so many people my age – there are about 75 million baby boomers
on the top of the baby boom chain. We expect the government
to take care of us; that’s a lot of highly educated people. That’s a crisis. In 2002, I published this book
“Rich Dad’s Prophecy.” Fourteen years later,
the prediction was that in 2016, there will be a global financial crash. We’re in 2016, and here we are in 2016,
you can see it coming. In the first ten years of this century,
we have had three major crashes: in 2000, with the dotcom crash; followed by the 2006
real estate subprime crash; and then in 2008, the banking crash. The question is, “Is this next?” This is “the giant crash of 1929.” Every time I listen to those guys on CNBC-
I call it bubble division – they keep talking
about the “giant crash of 1929.” I tell you what:
nothing compared to this one coming. That’s why I write, and I speak,
and I’m very concerned about our futures, our well-being,
and the state of the economy. I’m going to talk today
about why the rich are getting richer. “Commercial Message”,
my next book coming out. But I’ll explain
some of the tricks of the trade, why guys like me get richer,
and everybody else is not. This is quite interesting. This is one of the reasons
the rich are getting richer. These are the Bush tax cuts, the biggest tax cuts
go to the top 1/10th 100%. Thank you, George. I appreciate that. (Laughter) They have no morals,
those guys, man, I tell you! I’m the author of the book
“Rich Dad Poor Dad,” Maybe I should see a show of hands. How many have read
“Rich Dad Poor Dad”? Oh, good. Some of you have.
Who has not yet read the book here? Good, there are some customers
out there; I can see that. (Laughter) As I say to the Publishers Press, I’m a best-selling author
not a best-writing author. But anyway, for those who haven’t read the book
“Rich Dad Poor Dad,” it’s a true story on my two dads. The story begins
when I was nine years old, growing up in a little town, a little sugar plantation town,
called Hilo, Hawaii. I raised my hand in the fourth grade – and I went to a very rich,
basically, all-whites school – and I said, “Mrs. Jarrell,
when will I learn about money?” She said, “Why? Don’t you know
the love of money is a root of all evil?” I said, “Not to me.” (Laughter) But she said, “You’re here to get a job.” I said, “I don’t want a job.
That’s why I want to get rich.” She said, “Go ask your dad.” That’s where “Rich Dad Poor Dad” started. My poor dad was the Head
of education for Hawaii, a very smart man, PhD., went to Stanford, the University
of Chicago, Northwestern. I went home, and asked dad, I said, “Hey, Dad. When are
we going to learn about money?” He said, “Never.” I said, “Why not?” “The government doesn’t
allow us to teach you that.” That’s kind of interesting. So he said, “If you want to get rich,
go talk to your best friend’s father. He’s an entrepreneur,
and someday, he’ll be a very rich man.” That’s how the story
of “Rich dad Poor dad” starts. When I was nine years old, I crossed
and went to my rich dad’s office, Being an entrepreneur, he started teaching his son and me
about why the rich get richer. That’s how my financial education began. So I wrote this book in 1997. So far I sold about 41 million copies
in 50 languages throughout the world. I’ll give a little bit of my background. Thanks. I don’t do it for the applause.
Send me cash. But anyway… (Laughter) This is Hilo, Hawaii to New York City. I didn’t do well in school;
I was a straight C-minus student – having the old man
as the Head of Education wasn’t easy. So, anyway, I got
two congressional nominations: one to US Naval Academy
at Annapolis, Maryland, one to US Merchant Marine Academy
at Kings Point, New York. I took New York because they were the highest-paid
graduates in the world. This is me at Kings Point, here. Our starting salaries, for most of us, were about 100,000 dollars
a year, back in 1965. So that was pretty good back then, not much today,
but it’s pretty good back then. And then, when I graduated, I got a job as the 3rd Officer on a standard
oil tanker sailing in the world. It was a great job except for one thing –
the Vietnam War was still on, and my moral conscience kind of got to me;
I said, “Maybe I should go fight a war.” So I joined the Marine Corps,
and I took a cut in pay from about 6,000 a month
down to 200 a month as a Marine Lieutenant. It was a great decision. I went to a flight school
in Pensacola, Florida, it was right up the street here
at Camp Pendleton, and straight to Vietnam. It was really a great experience. Loved the Marine Corps;
Loved the guys who I had worked with. It’s a band of brothers;
a very spiritual organization. When I came back,
that’s when my business career started. My first business, the Surfer Wallets
business, and all of this. Everybody thinks, “Yeah, when you start
getting successful, life’s easy.” Well, no; success is expensive. I started selling these silly wallets,
and all soon, they took off, and I spent more time raising capital
to buy more inventory so l could sell more. But it was a great learning experience. I learned to make
a lot of money selling wallets. My life changed when I met this man here,
Dr. R. Buckminster Fuller. This here is what Fuller is noted for: he’s considered a futurist
and a friendly genius. This is a geodesic dome
at the Montreal World’s Fair in 1967. In 1967, I hitchhiked from New York City
all the way to Montreal to go see the dome, and it was a mind-blowing experience. I never thought
I’d ever meet this great genius. John Denver calls him
“the planet’s friendly genius.” In 1981, I had a chance to study with him up in Kirkwood, California,
near Lake Tahoe, for five days. I made the mistake of sitting down next
while he sat down next to me really. It was called “The future
of business” seminar, and he sits down next to me, and said, Robert, what is your life’s purpose?
What is your mission in life?” I said, “Oh, to get rich.” Wrong answer! He chewed me out. He said, “Robert!”
(gesturing a reprimand) It’s a waste of a good mind. Why don’t you do something
that changed the world?” I said, “Changed the world?
I just want to get rich.” Finally, I got it. As he said, I’m not here to work for me,
I’m here to work for everybody else. That was a pretty cathartic event once I realized how greedy I was. Then I studied with him for three years. Every time, he kept asking
the same question that he asked himself, “What can I do, I’m just a little guy?” “What can I do, I’m just a little guy?” He was tiny, too. So I ask all of you what can you do?
We’re just little people in many ways. I studied with him for three times
in ’81, ’82, and ’83. And then, he passed away July 1, 1983. He left this book behind;
it was called “The Grunch of Giants” and it stands for “gross universal
cash heist,” G-R-U-N-C-H. It’s how the ultra-rich rip us off. Fuller is a friendly genius, he never wrote finance books
or economic books. He’s a math, science, art,
design man; he’s an architect. I read “Grunch of Giants”
and I understood it because it is exactly
what my rich dad was telling me; the rich are ripping us off. So at that point, I said, “What can I do, I’m just a little guy?” I decided that time
I would take on grunch; and for those who wonder who grunch is, you may just notice
that those crashes we just had, we got bailed out,
the rich got bailed out. Let me tell you, ladies and gentlemen, Bernanke and the President
Paulson stand up there, and they say, “This was a mistake,
we had to save the economy.” That’s a lie. I hesitate to tell you that; it’s a lie.
They bailed out the rich. It is part of the business plan;
it goes on all the time. So, ladies and gentlemen, I said
in 1983 I got to do something about this, and what can a little guy do
is take on the biggest banks, the Federal Reserve Bank – which is not a bank,
not federal, no reserves – (Laughter) not American. Get the hint? I could take on Wall Street,
I could take on government, but I could also take
on the school system. See, ladies and gentlemen, those crashes, these bailouts
are not accidents, and neither is it an accident
there is no financial education in school. But my research found since 1993,
it is premeditated. Just as prior to the Civil War,
it was illegal to educate a slave, we’re not allowed to learn
about money in school. When I found that out, I said, “OK, it’s time for me to get on
with my life and start teaching.” So I become much like
my rich dad and my poor dad, I started teaching. It was not too far from here, my wife and I were homeless
in San Diego, doing our best to teach, because we can’t go
inside the school system, and nobody wants to listen. That’s how it started, and so I’m going to tell you
what financial education really is. I’ll start by telling what it’s not. Financial education isn’t saving money
and investing for a long term in the stock market
and getting out of debt; exactly the opposite of that. My financial education began
with the game of Monopoly. We all know the formula:
four greenhouses, one red hotel. When I was nine years old
till I was about 20, rich dad and I, and his son
would play Monopoly. That’s how I learned to become a rich man. The reason that works
is this is the cone of learning. It was created by a man
named Professor Edgar Dale. In 1969, he came up with
the cone of learning, and he said this is how human beings
are designed to learn. Noticed the worst way
to learn is by reading, and the second worst way is lecture,
listening to the boring teachers – that’s why I was never at school;
anyway, I was there, but anyway… (Laughter) What you guys are doing
is you’re looking at pictures, watching movies,
that’s why TED Talks works. Also, the second best way
is called simulation. Simulation is where you get
to make your mistakes, you’ve got to make your mistakes
after mistakes after mistakes, So human beings learn by making mistakes; except in school: you make mistakes,
you’re considered stupid. In business, you make a mistake,
you’re fired, you’re a failure. So, a person has got to find
a place to make mistakes. And for scientists like Edison,
it was the laboratory. The reason I learned a lot
was I made mistakes playing Monopoly. That’s how I learned so much. Today, I play Monopoly in real life. My wife and I have over 10,000 units, several hotels,
golf courses, and oil wells. But that’s the game. Once you learn in your brain
by playing games, simulation is a little way you learn, so you practice, practice,
practice, practice, practice. You make mistake
after mistake after mistake like a golfer makes a mistake
after mistake after mistake. Then they are turning pro. But the reason
a lot of people are not rich is they think mistakes make them stupid. It’s criminal: a baby cannot learn
to waffle less they fall down. You can’t learn to ride a bicycle
until you fall off the bicycle. So that’s where our school systems
are letting us down. I loved the military
because they taught us to make mistake
after mistake after mistake. Every day when we flew,
we practiced emergency procedures, and every day I killed my engine
to fly my aircraft without an engine. This here is me doing the real thing.
I went down three times in Vietnam. If not for practicing crashing,
I wouldn’t be here today. All five of my crew came home alive. What I did was, after Bucky
kind of chewed me out with “What can I do,
I’m just a little guy?”, my wife and I created
this board game called Cashflow. This is the key
to the Cashflow game here. This is called a financial statement. Add a financial statement
to Monopoly, you have Cashflow. This is financial literacy:
how do you understand numbers? So the beauty of the Cashflow game is today we have thousands
and thousands of Cashflow clubs all over the world; people teaching people without having to go through school
and getting a student loan debt. Now, you have to go to school
to be a doctor, a lawyer, an engineer, but you don’t have to go
to school to be rich. So all over the world today I asked
what Dr. Fuller asked, I started empowering people to learn. So all of over the world, today,
every day, in different languages, people are teaching people
the same lessons my rich dad taught me. This here is a financial statement:
income, expense, asset, liability. The beauty of this here is this: this is your report card
when you leave school. My bank was never to ask my grade point average
or what school I went to. My bank wants to see
my financial statement. The reason most people can’t go loans
is they don’t have a financial statement. They don’t even know what it is
when they leave school; even college graduates. The reason I can borrow
hundreds of millions of dollars: I have a strong financial statement,
this financial literacy. This here is very simply; it’s
income, expense, asset, liabilities. Poor dad always said to
go to school and get a high-paying job. The problem with education
is they teach you to be employees. Rich dad taught me to be
an entrepreneur acquiring assets: four greenhouses, one red hotel. Assets are very simple: you can plant an apple seed,
that apple seed goes into a tree, harvest the apples, you sell the apples,
you then reinvest your profits, and you keep building an orchard;
that’s how you get rich. Or a friend of mine,
when he was in high school, his grandma gave him some chickens, those chickens lay eggs,
he sold the eggs and reinvested it. When he was 45 I think,
he sold this business, he was selling ten million eggs
a day to Costco and Walmart. You don’t have to be
a rocket scientist to build assets. It’s buying a couple of chickens. (Laughter) It’s kind of funny, really. So the power of words – financial literacy begins with words,
because words affect your brain. As my poor dad always said,
“I can’t afford it.” In Sunday school I learned
“the word becomes flesh.” Every time you say you can’t afford it, and you say I’m a poor, I’m a loser,
I can’t do something, I’m helpless, the government should take care of me. Disgusting! Rich dad taught me, “How can I afford it?” So when I had no money, my wife and I just kept thinking,
“How can I afford it?” Pretty soon, your mind opens up,
and that’s when intelligence comes in. Most important words and money are basic, there’s only four: [income], assets,
liabilities, cash flow, that’s it. That’s where financial literacy says: income, assets,
liabilities, and cash flow. You understand those four words basically,
then you can build your vocabulary. Money has a language,
but it’s not taught in school. It is taught job security
versus being an entrepreneur. Look for job security,
instead of go for financial freedom. If somebody should take care of you and said, “I’m going to
take care of other people.” As an entrepreneur,
I have thousands of employees. That’s my job;to create other jobs,
to give them a safe life. So number one is assets,
number two is liabilities, cash flow; these are liabilities. The reason the poor middle-class grow poor is because they think
their house is an asset. If you read “Rich Dad Poor Dad,”
I said several things: savers are losers,
and your house is not an asset. This came out in 1997. In 2007, the subprime market crashed, and tens of millions of people
throughout the world found out their house was a liability. If you use the wrong word
to describe the wrong issue, you will always be stupid and broke. So don’t call a liability an asset,
and that’s why so many people are broke. They are using the wrong words,
and the words become flesh. Financial literacy – change your words, change your life. Never say, “I can’t afford it.”
Ask yourself, “How can I afford it?” Work to acquire assets not liabilities. Ladies and gentlemen, we have thousands of Cashflow clubs
around the world: people are teaching people. You don’t have to go to school
to learn to be rich. The thing is,
as Bucky Fuller challenged me, “What can I do, I’m just a little guy?”, I stopped making wallets,
and I started making sense. My wife and I created
this Cashflow board game that’s played throughout the world today. Every day, tens of thousands of people
are teaching themselves. That’s how you change the world. But if you change your words,
you change your life. So the best news is words are free. It doesn’t take millions of dollars
to change the world. Just change your words. Thank you very much. (Applause)

100 comments on “Why the Rich are Getting Richer | Robert Kiyosaki | TEDxUCSD”

  1. Joshua Allen says:

    Why does Walmart always get blamed for China imports? Most produce at the grocery store is imported from other countries. Even our babies are now being made in China.

  2. Robert Prechter says:

    This is the jackass who hasn't ever made a dime except on speaking engagements while he's been watching his gold and silver go down in price almost every year, right?

  3. Adam Spark says:

    We can’t roam round anymore everywhere’s the same story, you can’t grow your own food without a permit, can’t hunt, can’t collect rain water off your roof, wind turbines offend councils, private homeowner is squeezed all the time. Your house is taken from you if you disconnect from the grid. Yes people are more dependant in the state, because that’s what they want. They’ve engineered all this disaster.
    So what’s the real solution long term Jac fresco the Venus project. !!!!!

  4. jose botello says:

    Robert your great.

  5. Darius Thurman says:

    Robert Kiyosaki is a fraud? He pushes MLM Pyramid schemes and financial fraud.

  6. Fathing says:

    Yup Mike

  7. Yoshi Ro says:

    Wow, what a waste of time. This guy totally missed the entire point.

  8. Thomas S Taisa says:

    Very amazing experience and advice. Thank you Robert.

  9. Kamal Miah says:

    he is still alive his books are worth their weight in bitcoin, oh wait never mind

  10. Icee 9 says:

    just watched 5 TT videos in a row and thought my speakers or volume were bad…having read the comments below, I realized the videos have low volumes, gosh!

  11. Michael Kummer says:

    Kiyosaki's idea is the CADILLAC model. We all have to save more. And than we all will be able to become richer… and have a luxury to buy what we can easily afford … a CADILLAC … The Cadillac model failed, since something that we all can afford easily is not a luxury that will mirror wealth, reputation, power. In an environment that is the so called "credit based money, FIAT money" savings is only earning interest if there are borrowers willing and able to barrow and pay interest… 0 intrest… is the consequence of our own making… Way to many people have way to much capital, and capital produce too much products, which can not be sold… in the west… since demography is bad… no kids… Competition of savers for few borrowers… is the norm…
    Peter Thiel warns us about competition… very well…Competition is for losers.

  12. Vlasko60 says:

    Information for some to be rich, but everyone cannot. As usual the lucky rich guy misses that.

  13. Vlasko60 says:

    Luck/chance is the most decisive factor in every aspect of your life.

  14. NEEDHOMEWORKHELP?visit myhomeworkshark says:

    Informative

  15. nuMissmatic says:

    Why can't you adjust the volume on this video?!?

  16. Crypto Mining says:

    It's a shame the video is so quiet. Robert is a great teacher. I found something better than real estate, bitcoins!

  17. billy kobilca says:

    This was an awful one.
    Shallow rationale
    Left out the mass legalized tax evasion ethos existing for over 20 years.
    There would be NO PROBLEMS if everyone worldwide paid a progressive fair tax.

  18. MicLabTv says:

    Thanks ROBERT for everything you teach ! I'm getting there. I bought a 3 building appartment with my brother, a condo that I rent to someone, and leaving in a nice appartment that cost me less than my condo. Invested in new online technologies , I traveled around the world, I tried some network marketting, failed, then tried again and finally made it. My dad is an accountant so I really learned how to save money and how to Make Smarter Choices. I'm finally teaching on Youtube … trying this 🙂 Hope you guyz appreciete the content and get inspired from ROBERT as much as I did

  19. Gavin Locke says:

    Because of people like Robert and people's greed the gap between rich and poor will grow

  20. P J says:

    Everything you speak is true life. One question: You have thousands of employees who may not have been taught about money, without them you wouldn’t be rich.

    It’s all a pyramid and there are always people lesser off when there are wealthy at the top.

    …and yes, the rich would prefer if the poor were middle class, that would make everyone’s life easier to deal with.

  21. DYKERITZ: Music Page says:

    Use your money and hire a better soundperson.

  22. Don O says:

    THANK YOU MR. KIYOSAKI!!! After listening to all your Financial Market advice, I am now Bankrupt!

  23. Paul says:

    rich dad , poor volume

  24. Lisa says:

    funny how my previously carefully crafted comment didn't make it here.

  25. Kitur Selassie says:

    Mafkr talk louder or shut the fuq up

  26. Tracey Del-Gado says:

    Sound too low!

  27. The Wanderer says:

    I would like to see the slide on Trump tax cuts, I'm sure it's identical.

  28. Eros Angelos says:

    Thank you!

  29. Tracy Greenwood says:

    Poor volume. Can't hear it.

  30. Jo Stoyte says:

    Selling is what selling sells

  31. Tanisha Adjo says:

    Get Rich

  32. Farid Ahmadi says:

    I've read rich dad poor dad, but I don't know what to think of him, this ted talk somehow felt like it was an infomercial for his game and books?

  33. DaMagician says:

    Yo dante where you at?

  34. Commando Master says:

    Mistakes will teach people lessons. In school, you don't learn from your mistakes because after you write the test, you just get a grade, but students aren't required to go follow up and review their exams to see what they did wrong.

  35. Ed Evans says:

    The Rich get Richer because they don't pay TAXES. All Government laws are aimed to ensure that Business Ventures Prosper. The Surfs , Untouchables , working class , peasants , Commoners , labourers and Plebs all make up the class known as Being Milked!!

  36. Prince G-MO says:

    Can barely hear anything

  37. usynn stradler says:

    mr wet hands

  38. Leopold M'Intosh says:

    RK asserts that the 'game' of life is the equivalent of playing monopoly, humanity's sole aim is merely the accumulation of material wealth, such as housing, golf courses and oil wells. However, the nature of this 'game' also highlights the inherent flaw of capitalism, i.e., it is an entirely unsustainable and unfair system that requires the casual acceptance of social inequality – a majority of 'losers' have to exist for a minority of 'winners' to exploit – and the game also has to be rigged if the winners are to maintain their privileged positions and pass the benefits of being in pole position onto their offspring. The blind acceptance of the seemingly incontrovertible ideology of capitalism has been, and continues to be, damaging for the overall well-being of humanity and prohibits any possibility of positive social progress that benefits ALL rather than an enfranchised few.
    Capitalism encourages unsustainable population growth and various forms of inequality; exploits the world's limited natural resources in a way that creates the potential for war between nations in competition for those resources; and perpetuates the increasingly harmful effects of industrial pollution on our natural environment. Capitalist economics suggest that the phenomenon of mutually beneficial human exchange is at the core of all human progress, but overlooks the unpleasant realities that highlight that exchange often becomes exploitation, or uses the ready made sophistry of the neo-liberal project to portray such exploitation as a benign side-effect of an overall positive ideology, effectively turning these unpleasant realities into some form of abstraction. Media representations of the capitalist economic system, such as the 'entrepreneurial' myth of RK in this video, are curious paradoxes in that they reinforce the apparent incontrovertibly positive nature of capitalism while also highlighting some of its inherent inadequacies. Capitalist entrepreneurs are the exceptions that disprove the rule, in that they are a minority that have succeeded at the expense of the game's majority of losers, yet they are portrayed, and portray themselves, as the reason why neo-liberal capitalism is a positive political and economic ideology. However, for the game to work there has to be people to act as 'employees', people to consume the products entrepreneurs manufacture, people to inhabit the housing they own. By definition, not everybody can be an entrepreneurial success employing over a thousand people. In capitalist society ordinary working people become a domestic 'other', the social equivalent of the colonial 'other'. As such, one of the ways any employee's domestic exploitation is justified is in the creation of labels whose connotations suggest that any individual's economic failure is the consequence of some inherent character flaw rather than a consequence of an inherent flaw of the system they live under. Without capitalist societies losers there would be no winners.

  39. LoveAndPeaceOccurs says:

    Thank You Robert Kiyosaki. Important talk … but … you say the rich are cheating us and yet instead of considering how to stop the cheating you join them and encourage us to join as well. You keep mentioning how to get rich … how about how to have fair wages for equal effort … cannot happen with this system … this keeps the rich and poor around rather than the poor earning the money truly owed to them (and just because they are kept out of the loop through lack of education (about how money works) and also kept out of the loop through … most people really want to Earn their money (not have it given to them) … The very rich have fooled themselves into thinking they are "earning" such excess wealth …they have merely learned how to rob the poor legally. You Robert along with many other really nice rich people (Oprah, Gates, etc …) are some of the folks who could really help the transition of the system with your money … please, many give up and look for pitiful enough to survive through government because they can find no other way. Love & Peace to All

  40. wqzlfhegdvarxpisbumoctyj says:

    The easiest way to get rich is to sell money to the poor.

  41. Jay McD says:

    Probably the best TED Talk ever, cause it applies to life and not just mental and verbal masturbation that these talks are just full of!

  42. Johnny Ancich says:

    I'd hate to be his Dad. Imagine being called poor all the time by your son in public.

  43. k c. Meena says:

    where is the mike business his best friend

  44. Suzanne Lemire says:

    We have allowed the rich get all the breaks…

  45. samir khairnar says:

    Can't hear a thing 😤

  46. Waylen says:

    Lack of competition are why the rich are getting richer.

  47. Cole Gable says:

    This guy is worth 80 million dollars…. Rich dad poor dad talked about how much he made at the end, not how to do it.

  48. Marc Koster says:

    What's a 'spiritual crisis'? What does 'spiritual' actually mean? Very disappointing he refers to what he learned in Sunday school (arguably, a centre for intellectual child abuse). There he would also have learned that slavery is OK, that we should kill homosexuals and that women should keep their mouths shut- funny he doesn't refer to any of the real bigotry with which he was indoctrinated! Now don't go wasting my time with childish supernatural "explanations".

  49. Bobbito Chicon says:

    👍 Love this guy…hes the reason I spend my time buying Assetz instead of Liabilitiez , while building my Cash Flow⭐

  50. Sara Oliveira says:

    esse cara é Demais!

  51. xeonzero1 says:

    Why is the mothefucking volume so low? Please fix.

  52. Amin says:

    guys use sound booster in the google chrome app store

  53. Oliver Li says:

    viewer: why is the volume so low?
    organizer: hush! it's a secret all govs don't want you to learn

  54. thanapol raktham says:

    nothing worth listening to. he just keeps saying shite without teaching anything valuable.

  55. Nathan Fancy says:

    I might be interested in this if I could hear it

  56. TIG2MAN0 says:

    Great ted talk buddy

  57. Vincent Squitieri says:

    I read Rich Dad Poor Dad and I thought it was really good. However, after watching this video, I completely fail to see the point he is making in this video other than to get people to buy his books and other material. What was his point? What was he trying to teach us here?

  58. Macmac says:

    disappointing talk from a materialist, who thinks self enrichment will help people & derides the poor who need help!?
    i like the fact he calls out the federal reserve, yet when he talks about vietnam, you can tell he has no remorse for his part in genocide!!
    If you think you can learn how to live your life from someone like this, then think again, yet if you want to be a rich sociopath…🤔

  59. Strmhartong Vomp says:

    use earphone ~

  60. Garrett Guitar says:

    From this, I learned nothing practicable. Robert Kiyosaki wasted 20 minutes of my time.

  61. Sara Oliveira says:

    Como pôr legendas em português?

  62. jamotide Strategie und so says:

    So basically when the next real estate crash comes, he will be broke? 10000 units all on debt?

  63. Vittor SL says:

    I love this guy

  64. Owen Klingbell says:

    2018 now. Still hasn’t happened

  65. Damon Keizer says:

    Would definitely recommend reading his book with the same title. Explained very clearly how the rich maintain their wealth by 'being the system' rather than serving it.

  66. Don Chardc says:

    Inconsistent.

  67. nomadic traveler says:

    I'm getting richer and it feels sooooo good…..

  68. muhasin mm says:

    very low sound…

  69. Kale Mussel says:

    1500 people that disliked this video are school owners

  70. mr luckyleaf says:

    Poor audio quality…. going to the next video

  71. Romeo Montana says:

    Someone should fix the audio and I can’t even hear it eh

  72. Allison Landon says:

    Lutherangrants ,com helped me financially .With their grant schemes i received $28,000 for my business funding.

  73. MsYogaGrrrl says:

    Why in the world would they give a platform to a known scammer, one who has affiliated himself with MLM frauds like Amway???

  74. Daniel Purdy says:

    Full volume can’t hear.

  75. Lin Dan says:

    The sound is so low

  76. Blue Squirtle says:

    The reason why the rich keep getting richer is because it takes money to make money.

  77. Elmurod Oripov says:

    I've read his book and he's one of the best teachers

  78. Bruce Lee says:

    👍👍👍👍👍👍👍👍👍

  79. Zorba Press says:

    Excellent video, but we need money to buy headphones to hear it. … With headphones the audio is fine.

  80. Mustafa Khan says:

    I know this is an awesome video because I read rich dad poor dad but first I have to take my headphone

  81. Lawear Smith says:

    Facts 💯

  82. Delia D says:

    I like your advise, but my friend, don't use the word of The Creator for your seminar. Yes! The WORD became flesh, (John1:14) and this was in the body of Christ. God is Holy.

  83. I Am Dan says:

    If you have read the book then the best thing you could read next is “The Richest Man in Babylon “👍🏼 if you can understand the teachings in that book , the application of those will take you far .

  84. Slashed Nutts says:

    Don't buy anything new. People throw good stuff into the street. All this stuff has been paid for by silly people with no brains. In most western countries you can squat in a vacant house after it's been vacant 3 months. If you can get a Government assistance package you'll be living like a Zulu 200 years ago minus the crumpet.

  85. JMullin71 says:

    Did he just say he was homeless why with that much money

  86. Bryon Thomas says:

    You can nearly hear the guy. What's up with that TED?

  87. Elaine Anderson says:

    The audio is very low

  88. Richard Matthews says:

    terrible audio!

  89. No Name says:

    why is the volume so low was this in the 70s?

  90. Bozo Jimmy says:

    The video is an asset but the audio is a liability !!

  91. Jeremy Brown says:

    He is a scam artist. Did the rich dad ever exist? Did he earn any wealth prior to his vague books and scam seminars. He is your classic snake oil salesman. He is using Ted to continue the scam.

  92. Dheerendra Thani says:

    Robert kiyosaki is revolutionary person. He changed my life. Rich dad poor dad book should be part of syllabus nursery to graduate level

  93. Dinesh Gupta says:

    It doesn’t take scientist brain to understand why rich is getting richer when u have Hugh disposable income you invest in assets that yas you back

  94. 24 7 says:

    if this is true, why would rich people allow him to talk about it?

  95. 020 says:

    so what about the big crash in 2016 huh? did it happen?

  96. pratik kamble says:

    Bad audio… Even in headphones I'm unable to hear…

  97. Aurelie Alameda says:

    He is using a great method. Talks and takes his own products as an example. Nice!

  98. The Sprite Show says:

    Because people like these exist.

  99. jonmay mayjon says:

    Lol you can still live off 150k per year hahaha.
    Part of the reason people are unemployed is because they refuse to take the work that is there. And I'm not just talking about flipping burgers for minimum wage. There are 10s of 1000s of trucking jobs that pay at least 50k per year, but because everyone is concerned about titles, they remain unemployed.

  100. Victor Guillory says:

    A rapidly widening gap between the rich and poor? Answer: become rich and may the odds be in your favor. Than he talks about an entitlement mentality like massive tax cuts isn't socialism for the rich.

    The Fed's Fractional Reserve Banking that leads to price inflation. Trickle down economics that expects a working class that suffers from bad monetary policy, wages that haven't kept up with real buying power, and stiff competition from third world countries that no longer want to be third world countries are not expecting hand outs. Their expecting there pensions, social security, 401K pay outs from wall street, and home prices not to crash. To much to ask?

    One third of US government assets are student loans. As if their getting that back. The US uses its military to force other countries to accept the dollar as the reserve currency so the US can export inflation. Thats how bad the price inflation has gotten. Private debt will soon cause an auto loan, home loan, and all around credit crisis. If leverage was the only metric for servicing corporate debt which it is the only metric for servicing debt in a recession half of corporations debt would be rated as junk by firms who rate credit and that's the next crisis coming soon.

    America can not and will not service its debt. The government, the people, and its corporations are all to blame.

    We are slaves to banking credit, fed notes, keeping up with the Gates, taking out debt to buy products from the rich who are given free money (tax cuts) to make those products.

    Goodnight and goodluck to all the get rich to solve your problems fools. The train will derail with us all on it….rich dads and poor dads alike.

    Good morning to China and their 50 years plans. Also good morning to competition from foreigners, foreign countries, and robots.

    I think it's a mad house. America really needs to start taking better care of itself.

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