[Robert Kiyosaki] (https://www.richdad.com/) is arguably the most influential author in the finance, real estate, and investing space. His book, [Rich Dad Poor Dad] (https://www.biggerpockets.com/richdadpoordad) , has sold over thirty million copies and has been translated into forty different languages across forty different countries. Since its inception in 2002, Rich Dad Poor Dad has become almost every investor’s favorite book, prompting them to get out of the rat race, pursue [financial independence] (https://www.biggerpockets.com/blog/key-to-financial-independence-has-nothing-to-do-with-real-estate) , and teach them everything Robert’s “Rich Dad” taught him.
Robert has seen numerous housing cycles, including crashes, booms, and busts. His knowledge of micro and macroeconomics is astounding (to say the least) and he has some strong [predictions for the future of real estate investing] (https://www.biggerpockets.com/blog/housing-market-predictions-2021) and the global economy as a whole. We talk about capitalism, marxism, communism, [inflation] (https://www.biggerpockets.com/blog/investor-understand-inflation) , debt, assets, liabilities, and everything in between. This episode is not only crucial for anyone who is a fan of Robert’s books, [board games] (https://www.richdad.com/products/cashflow-classic) , and videos but anyone who truly wants to learn the game of real estate.
As a general word of advice: Robert has some very strong opinions that he voices throughout this episode, and even if you disagree with any (or many) of them, it may serve helpful to listen to his full explanations of his takes. Robert has built an incredibly successful life, but started as a child of a financially dependent family, served in the marines during the Vietnam war, and has fought hard to keep capitalism alive and well in the United States, and abroad.
Be sure to grab Robert’s new book, [Capitalist Manifesto] (https://store.richdad.com/products/capitalist-manifesto) , and thank you for joining us for the 500th episode of The BiggerPockets Podcast!
In This Episode We Cover:
Why Rich Dad Poor Dad remains a timeless classic in the investing world
Why Robert favors real estate, precious metals, and [cryptocurrency] (https://www.biggerpockets.com/blog/investing-in-cryptocurrencies-with-your-ira) above other assets
The [difference between an asset and liability] (https://www.biggerpockets.com/blog/2016-01-26-liability-asset-own-house-you-live-in) , and why so many Americans confuse them
Writing (and fighting) for freedom, prosperity, and wealth
Paying attention to the macroeconomic trends and using them to make smarter investing decisions
The assets that Robert is bullish on in today’s market
Why you need to love [studying real estate] (https://www.biggerpockets.com/blog/start-real-estate-education) to become successful
And So Much More!
Links from the Show
[BiggerPockets Forums] (https://www.biggerpockets.com/forums)
[BiggerPockets Pro Membership] (https://www.biggerpockets.com/membership-types)
[BiggerPockets Youtube Channel] (https://www.biggerpockets.com/youtube)
[BiggerPockets Bookstore] (https://www.biggerpockets.com/bookstore)
[Brandon's Instagram] (https://www.instagram.com/beardybrandon)
[David’s Instagram] (https://www.instagram.com/davidgreene24/)
[BiggerPockets Bundle] (https://biggerpockets.com/bundle)
[BiggerPockets Wealth Magazine] (https://store.biggerpockets.com/products/biggerpockets-wealth-magazine)
[BiggerPockets Podcast 479: 10 Powerful Lessons Brandon Learned Building a $50M+ Rental Portfolio] (https://www.biggerpockets.com/blog/biggerpockets-podcast-479-brandon-turner)
[Ray Kroc's Story] (https://www.mcdonalds.com/us/en-us/about-us/our-history.html)
[Dave Ramsey's Website] (https://www.ramseysolutions.com/)
[Cashflow Game] (https://www.richdad.com/products/cashflow-the-board-game)
[Ken McElroy's Website] (https://kenmcelroy.com/)
[David's Guesting on Ken McElroy's Show] (https://www.youtube.com/watch?v=D7hXE1ZVQKg)
[Jordan Peterson's Website] (https://www.jordanbpeterson.com/)
Check the full show notes here: https://biggerpockets.com/show500