The "What is Money?" Show

Rich Dad Wisdom with Robert Kiyosaki (WiM033)

Episode Notes

Robert Kiyosaki joins me for a deep conversation about his classic book Rich Dad, Poor Dad.

Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/

GUEST
Robert’s twitter: https://twitter.com/theRealKiyosaki
Robert’s website: https://www.richdad.com/

CHANNEL
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Transcript:

EPISODE
00:00:00 “What is Money?” Intro
00:00:05 NYDIG
00:01:22 Kiyosaki’s “Rich Dad, Poor Dad”
00:03:15 A background on “Rich Dad, Poor Dad”
00:06:07 Entrepreneurship as a way out of being a slave to the rich
00:09:06 Education as an indoctrination into Socialism
00:12:40 The four kinds of people
00:14:28 Capitalists vs Bureaucrats
00:16:25 Assets, Debts, and Liabilities
00:26:10 The Definition of Money
00:28:00 Anti-Property Propaganda
00:35:33 The Value of Untraceable Property
00:46:16 Money and Entrepreneurship
00:52:25 Inflation, A Punishment on the Working Class
00:54:03 The Cashflow Board Game
00:57:10 The Fundamental Divide Between the Bureaucratic and the Capitalist Mentality
00:59:04 Putting your Money to Work for you
01:03:22 Debt Management
01:05:16 Failure is a Part of Success
01:06:40 The Primal Nature of Man
01:19:21 Money as a Mentality

SOCIAL
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