WEBVTT - Hidden Agenda To Keep You Poor | Robert Kiyosaki 0:00:13.720 --> 0:00:17.080 Everyone, Welcome to another episode of the Market Disruptors Show. Today, 0:00:17.160 --> 0:00:20.400 I am sitting down with Robert Kiyosaki, who doesn't need 0:00:20.480 --> 0:00:23.000 much of an introduction. He's been a massive influence in 0:00:23.040 --> 0:00:25.680 my life. Um, A lot of you have said that 0:00:25.760 --> 0:00:28.080 I talk a lot of topics that sound like Kiyosaki, 0:00:28.120 --> 0:00:30.360 and so now you know why. So anyway, Robert, thank 0:00:30.400 --> 0:00:32.919 you so much for joining us. Thank you, and I'm 0:00:33.040 --> 0:00:35.680 I'm I'll send you a check for all all those 0:00:35.720 --> 0:00:38.920 books you bought from me. Thank you. That's that's the 0:00:38.960 --> 0:00:42.640 happiest part of this business. Yes, you know, I'm sure 0:00:42.720 --> 0:00:44.800 for you too. When you see guys say thank you 0:00:44.880 --> 0:00:49.839 it changed my life, it is. But when you can 0:00:49.880 --> 0:00:52.960 actually improve somebody's life, that's the joke. That's the joy, 0:00:53.120 --> 0:00:55.520 you know, it is it is. I get a lot 0:00:55.560 --> 0:00:58.200 of comments like that, and I love everyone. Um yeah, 0:00:58.280 --> 0:01:01.360 So what Robert's talking about. Before we started recording, I 0:01:01.440 --> 0:01:03.800 was showing him my collection, which is not all of them. 0:01:03.840 --> 0:01:06.560 This is just a parcel collection. These are the more 0:01:06.600 --> 0:01:08.840 obscure books that I have of his that probably most 0:01:08.880 --> 0:01:11.399 people haven't read. Um, so that's kind of what he's 0:01:11.400 --> 0:01:12.840 talking about. But I have read a lot of what 0:01:12.880 --> 0:01:16.479 you've done. Um. Normally, in the beginning, I asked people 0:01:16.480 --> 0:01:17.959 to give us a kind of a background on who 0:01:17.959 --> 0:01:20.039 they are. But you don't need that introduction, so it's 0:01:20.080 --> 0:01:23.000 going to jump right into it. Um. As I said, 0:01:23.600 --> 0:01:26.400 I told you offline. You know, your book was probably 0:01:26.520 --> 0:01:28.880 one of two of the most influential ones for my life, 0:01:29.360 --> 0:01:33.120 one being Think and Grow Rich and one being Rich Dad, 0:01:33.120 --> 0:01:36.000 Poor Dad. And the reason why is because those books 0:01:36.400 --> 0:01:40.120 weren't about tactics or anything specific. It was more about 0:01:40.120 --> 0:01:44.600 a different way to think. And by changing my thinking, 0:01:45.000 --> 0:01:47.840 it allowed me to now start to go get that 0:01:47.920 --> 0:01:51.279 information that I needed on the more tactical level. Um. 0:01:51.320 --> 0:01:53.720 And it seems like you're you know, you're an educator, 0:01:53.800 --> 0:01:55.680 so you talk about things from a high level. Is 0:01:55.720 --> 0:01:57.640 that how you see things? Like? You just want to 0:01:57.720 --> 0:02:01.720 open people's minds so they can dive in. Are you 0:02:02.080 --> 0:02:05.360 here that right on the head. It's not about what 0:02:05.400 --> 0:02:09.040 to do, it's how to think. You know. The reason 0:02:09.200 --> 0:02:12.120 so many people are in massive financial trouble today, I 0:02:12.120 --> 0:02:14.760 mean he might have I was showing this picture here. 0:02:14.840 --> 0:02:17.079 This is the story of my rich dad and poor dad. 0:02:17.160 --> 0:02:20.639 You know, one had a financial state, one had a PhD. 0:02:20.800 --> 0:02:23.320 That was poor dad, and that was the most important 0:02:23.360 --> 0:02:25.400 thing in his life. He spent his life getting it. 0:02:26.160 --> 0:02:28.960 And then this here is my rich dad. It was 0:02:28.960 --> 0:02:32.880 a financial statement. And see my poor dad here when 0:02:32.919 --> 0:02:35.799 he lost his job. He's an honest man, and he 0:02:35.919 --> 0:02:40.079 was in politics. Unfortunately, you cannot be honest in politics. 0:02:40.160 --> 0:02:44.440 He got his butt handed to him. And so that's 0:02:44.440 --> 0:02:46.960 when I decided. I was in Vietnam at the time 0:02:47.000 --> 0:02:48.920 when he got when he got me, lost his job, 0:02:50.160 --> 0:02:54.119 and I realized I was going to follow this guy. Here. 0:02:54.600 --> 0:02:57.359 It's a financial statement. This is your report card when 0:02:57.360 --> 0:03:00.000 you grow up. But nine pc of the people don't 0:03:00.160 --> 0:03:03.280 have a financial state. So anyway, the reason people are 0:03:03.280 --> 0:03:05.680 in so much trouble as they do what people like 0:03:05.800 --> 0:03:09.320 my we're dad taught them. They went to school, they 0:03:09.360 --> 0:03:12.200 got a job, they work hard, they save money, they 0:03:12.240 --> 0:03:15.200 pay taxes, and they invest in a four one K. 0:03:15.720 --> 0:03:21.760 I'm going, holy moly, yeah, you're just losers. But you know, 0:03:21.800 --> 0:03:23.760 I mean, Mark, you know how many years I've been 0:03:23.800 --> 0:03:27.840 saying that, and I get attacked the good things social 0:03:27.840 --> 0:03:31.680 media wasn't around earlier now because the mob would have 0:03:31.760 --> 0:03:33.800 come after me, or what do you call those the trolls? 0:03:33.840 --> 0:03:37.080 Would have just wipe me out. Cancel mob, cancel culture, 0:03:37.560 --> 0:03:42.920 cancel culture. Yeah. Yeah, yeah, So it is how you 0:03:43.080 --> 0:03:47.960 think and that's nothing to do about anything else. Yeah, 0:03:48.000 --> 0:03:50.520 And that's exactly right. And I think so many people 0:03:50.600 --> 0:03:53.040 missed that. I see them commenting on my videos and 0:03:53.040 --> 0:03:56.040 I see them. I've got several hundred comments of people 0:03:56.120 --> 0:03:59.280 telling me or giving me ideas of questions to ask you. 0:03:59.400 --> 0:04:01.119 And a lot of people wonder why you don't get 0:04:01.120 --> 0:04:04.400 more specific. But it's not about giving people to fish, right, 0:04:04.400 --> 0:04:06.920 It's about teaching people how to fish, because if you 0:04:06.920 --> 0:04:09.360 know how to fish, will never go hungry. Right. I 0:04:09.640 --> 0:04:12.560 guess that's it's more than that you ever come to 0:04:12.600 --> 0:04:15.320 my office, which I think you and George Gammon will 0:04:15.360 --> 0:04:18.479 be in town and Phoenix and say you'll come and 0:04:18.520 --> 0:04:22.800 see I have a big bust of Einstein, Okay, And 0:04:22.360 --> 0:04:27.240 and and it says imagination is more important than knowledge. 0:04:27.760 --> 0:04:33.640 They think about imagination knowledge life, and what happens is 0:04:33.680 --> 0:04:39.000 without that knowledge, you can't convert your imagination. See knowledge 0:04:39.080 --> 0:04:43.520 processes imagination. So what I do and what you do 0:04:43.720 --> 0:04:47.760 is we have the knowledge to take what we think 0:04:47.800 --> 0:04:52.320 about think and grow Rich was a fabulous book and 0:04:52.520 --> 0:04:55.160 we confort out to cash. But the average person, since 0:04:55.160 --> 0:04:57.800 they don't have that knowledge because they went to school, 0:04:57.800 --> 0:05:00.800 they got a job, they save money to get out 0:05:00.800 --> 0:05:03.120 of debt and then invest in the stock market. You 0:05:03.160 --> 0:05:05.840 know what, they're four oh one k. They lack knowledge. 0:05:06.960 --> 0:05:10.320 That's the problem, and so they want us to give 0:05:10.360 --> 0:05:13.960 them the answer. And it's infinite. You know, there's so 0:05:14.000 --> 0:05:17.000 many different ways you can get rich. Why would you 0:05:17.040 --> 0:05:21.440 follow my way? Right? Yeah, that's a great point. Um, 0:05:21.600 --> 0:05:24.000 there're so just for all the listeners right now, there's 0:05:24.040 --> 0:05:26.320 so many questions that I have um to ask you 0:05:26.320 --> 0:05:27.800 that we're going to try and get through. So if 0:05:27.800 --> 0:05:30.960 you're listening, we're gonna talk about how to use business 0:05:31.000 --> 0:05:34.160 and investing for cash flow. We're gonna dig into gold, 0:05:34.320 --> 0:05:37.279 We're gonna talk about bitcoin and other digital currencies. I 0:05:37.279 --> 0:05:39.440 want to talk about where we see the market going 0:05:39.520 --> 0:05:41.920 and what we should be doing to diversify and protect ourselves. 0:05:42.360 --> 0:05:44.400 But before we dive into that, you just brought up 0:05:44.400 --> 0:05:45.800 a good point that I want to ask you about. 0:05:45.800 --> 0:05:47.920 It wasn't on my list of questions, but you've been 0:05:48.040 --> 0:05:50.840 an educator for a long time, and you talk about 0:05:50.920 --> 0:05:53.960 how the system was giving us the wrong information go 0:05:54.000 --> 0:05:56.960 to school, get a good job, safer retirement, and that's broken. 0:05:57.000 --> 0:05:59.440 And we know it's broken because half of baby boomers 0:05:59.480 --> 0:06:03.760 have zero dollars of savings. It didn't work. So my 0:06:03.880 --> 0:06:07.039 question is, um, you've been doing this education for a 0:06:07.080 --> 0:06:09.400 long time because people have been hearing and learning the 0:06:09.440 --> 0:06:11.640 wrong thing for a long time. But how has it 0:06:11.760 --> 0:06:14.840 changed over the last twenty or so years you've been 0:06:14.839 --> 0:06:18.400 doing this. It seems to me that the education gap 0:06:18.520 --> 0:06:21.280 as getting worse and not better. What do you see? 0:06:21.880 --> 0:06:24.720 You're asking a very loaded question because I'll probably get 0:06:24.839 --> 0:06:29.200 pillared by the trolls. You know, I know you're not afraid. Well, 0:06:29.240 --> 0:06:31.599 I was, Like I said, I went to Vietnam twice 0:06:31.720 --> 0:06:36.200 nineteen sixty six and the nine it was in Vietnam 0:06:36.440 --> 0:06:40.160 where I actually discovered gold. You know, my fresh dad said, hey, 0:06:40.160 --> 0:06:42.640 watch out, mixing took the dollar off the gold standard 0:06:43.000 --> 0:06:45.960 and also pilot off the aircraft carriers. And so my 0:06:46.240 --> 0:06:49.120 co palette I flew behind under the lines proving Moraines 0:06:49.160 --> 0:06:52.720 aren't the brightest guys on earth. Because the n v A, 0:06:52.760 --> 0:06:55.039 the rothe his arm I had overrun the gold mine. 0:06:56.640 --> 0:06:58.719 What the heck? You know, we'll just go unarmed and 0:06:58.760 --> 0:07:02.360 we'll go out there with money my captain's So we 0:07:02.440 --> 0:07:05.679 went up to the gold window and she turned us down. 0:07:06.680 --> 0:07:09.680 And what the heck is going on here? So that's 0:07:09.720 --> 0:07:16.120 where my education really really began by making mistakes. But 0:07:16.840 --> 0:07:20.400 I never thought it would get this bad. I cannot 0:07:20.520 --> 0:07:24.280 believe how much money we've printed. I knew you never 0:07:24.360 --> 0:07:27.520 printing money. In seventy two, that's when I bought my 0:07:27.560 --> 0:07:30.040 first goal coin as a cruger and in Hong Kong 0:07:30.080 --> 0:07:33.239 because it was illegal for Americans to own goal until 0:07:33.280 --> 0:07:36.600 seventy So I buy my Cruger and I'm not a 0:07:36.680 --> 0:07:41.080 criminal to smuggle this little goal coin into America, and 0:07:41.080 --> 0:07:45.920 I'm going kipasa. You know what's happening in America? What 0:07:46.320 --> 0:07:49.680 I had no idea how much money they would print, 0:07:50.720 --> 0:07:52.840 you know, the FED and the Treasury and on Wall 0:07:52.840 --> 0:07:57.480 Street and the banks. It's it's a criminal cartel. It is. 0:07:58.040 --> 0:08:00.320 George Gavin and I were just in jackal One, where 0:08:00.320 --> 0:08:05.040 the FED was created. It was kind of, oh my god, 0:08:05.120 --> 0:08:08.400 this is the place, you know. Yeah, but we have 0:08:08.480 --> 0:08:10.920 to have we have to wake up because we're being 0:08:11.000 --> 0:08:15.440 ripped off, pure and simple. We're being screwed by the FED, 0:08:16.120 --> 0:08:20.880 by the banks, by Wall Street and everybody else. Yeah, 0:08:21.040 --> 0:08:23.640 and what I like to say is that no one's 0:08:23.720 --> 0:08:26.160 coming to save you. As a matter of fact, the 0:08:26.200 --> 0:08:29.480 system is loaded against you, and so we need to 0:08:29.520 --> 0:08:33.000 take responsibility for our own selves in order to set 0:08:33.000 --> 0:08:38.480 ourselves up and almost against the world that's working against us. Right, Um, 0:08:38.520 --> 0:08:40.480 so let's let's talk about that a little bit. So 0:08:40.600 --> 0:08:44.560 your framework is really built off of this cash flow quadrant, 0:08:44.640 --> 0:08:46.400 which really says, you know, if you're stuck in as 0:08:46.440 --> 0:08:48.599 an employee, you're never going to get ahead, and you 0:08:48.640 --> 0:08:51.079 need to kind of move through the quadrant. And really 0:08:51.080 --> 0:08:53.439 it's the right side of the quadrant or we want 0:08:53.440 --> 0:08:56.839 to be, which is a business owner and then an investor, 0:08:57.520 --> 0:08:59.040 And so that's where we should be trying to get to. 0:08:59.120 --> 0:09:01.480 We want to be have a business to earn income 0:09:01.520 --> 0:09:03.800 and then investing the income that comes in, and that's 0:09:03.800 --> 0:09:06.320 the secret, right. Yeah, So let let make sure this 0:09:06.440 --> 0:09:11.640 is rich dad, poor dad, diploma versus financial statement. And 0:09:11.800 --> 0:09:14.440 this here is book number two is a casual quadrant. 0:09:14.720 --> 0:09:16.679 So I like pictures. You know, I flunked that high 0:09:16.679 --> 0:09:21.000 school twice, like George, we're not good at school. But anyway, 0:09:21.320 --> 0:09:23.319 this is poor dad over here, go to school and 0:09:23.320 --> 0:09:26.320 get a job. And my mom wanted to become a doctor, 0:09:26.360 --> 0:09:30.000 you know, a specialist. And I said, hey mom, I'm 0:09:30.000 --> 0:09:32.040 flunking out of school. She goes, you're right, you better 0:09:32.040 --> 0:09:34.520 not because don't become a doctor, you're not gonna make it, 0:09:34.600 --> 0:09:37.800 you know. And so this is my mom and dad's side, 0:09:37.920 --> 0:09:41.199 and this was rich dad's side here. So B stands 0:09:41.200 --> 0:09:45.120 for big business five employees or more. But mark there's 0:09:45.160 --> 0:09:47.920 one more word attached to that is called a brand. 0:09:49.040 --> 0:09:51.880 You see when when when people ask me, what is 0:09:52.000 --> 0:09:54.800 what are you? What's your net worth? I said, what 0:09:54.920 --> 0:10:00.040 is my brand? Worth? Right? It's worth billions because I 0:10:00.080 --> 0:10:02.200 am all over the world that's not in the state. 0:10:03.280 --> 0:10:07.400 And I stands for inside investor. You see, when you 0:10:07.480 --> 0:10:12.120 buy a stock border mutual fund, you're outside. And so 0:10:12.240 --> 0:10:15.239 the thing is is I always wanted to be the inside. 0:10:15.960 --> 0:10:18.360 So my poor, my poor dad and my poor mom 0:10:18.520 --> 0:10:22.000 are great people. They're always on the outside. They didn't 0:10:22.040 --> 0:10:25.000 know how they're being screwed. And so what I had 0:10:25.040 --> 0:10:27.040 to do, you know, once I bought that gold coin 0:10:27.080 --> 0:10:30.959 in Hong Kong after flying looking for a golden Vietnam, 0:10:31.000 --> 0:10:33.360 I wanted to come across onto this side. This was 0:10:33.480 --> 0:10:36.439 rich dad side, right, So I knew I had to 0:10:36.520 --> 0:10:39.720 build a brand. Now. It took me years to do it. 0:10:39.760 --> 0:10:43.320 I failed so many times. But you know, I don't know. 0:10:43.600 --> 0:10:45.600 People don't even know. It's New York Times took me 0:10:45.640 --> 0:10:47.439 off the best seller list because I was on for 0:10:47.440 --> 0:10:50.720 almost seven years. I said I'd be fair. Let somebody 0:10:50.760 --> 0:10:53.480 else get on there. It's still on the best seller 0:10:53.559 --> 0:10:57.920 list internationally. But you know those comic pink called liberal left, 0:10:59.520 --> 0:11:03.480 for that's just Marxist. They don't like it if you're 0:11:03.520 --> 0:11:07.079 talking about capitalism and getting it rich hate. You know, 0:11:07.120 --> 0:11:11.640 they'd rather have you aoc Causio Quartez and Bernie Sanders 0:11:11.679 --> 0:11:14.400 and all that. And they're entitled to their point of view, right, 0:11:14.559 --> 0:11:17.040 I'm a capitalist, I'm not a socialist, and I was 0:11:17.120 --> 0:11:20.439 killing communists. So if I want to kill communists, I 0:11:20.440 --> 0:11:25.280 should just come home to the States right here. I 0:11:25.440 --> 0:11:28.439 don't get read for that one too, you know. Yeah, well, 0:11:28.520 --> 0:11:31.319 so we we want to move to the right side 0:11:31.360 --> 0:11:33.320 of that, which is the business owner. So we want 0:11:33.320 --> 0:11:36.560 to have a business that gives us leverage um over 0:11:36.600 --> 0:11:39.160 our time, over other people's time, and allows us to 0:11:39.160 --> 0:11:41.400 create the income and then take the income and invest 0:11:41.440 --> 0:11:45.240 it into the investment quadrant, which is then should be 0:11:45.320 --> 0:11:47.480 providing us with cash flow to live so we don't 0:11:47.520 --> 0:11:51.280 have to work anymore. Well, I think you're already doing it, Jorge. 0:11:51.600 --> 0:11:58.880 You know, Mark, that's my business. I build assets, right, 0:11:59.440 --> 0:12:02.400 So you look at rich Dad, poor dead. I have 0:12:02.520 --> 0:12:06.000 no money into the book, and it sells a million 0:12:06.040 --> 0:12:09.440 copies a year at five dollars a book. Now the 0:12:09.520 --> 0:12:12.880 math is tough. That's five million dollars a year just 0:12:12.960 --> 0:12:17.680 from one book. So the cash is flowing this way. 0:12:18.080 --> 0:12:21.000 The reason I went into real estate is because I'm 0:12:21.040 --> 0:12:24.439 an insert I cannot do this in stocks. So I 0:12:24.559 --> 0:12:27.720 come onto the inside here and so let's have a 0:12:27.760 --> 0:12:31.120 million here. I come down here, and I'm marryed with 0:12:31.240 --> 0:12:34.760 four million dollars in debt. So I buy a five 0:12:34.840 --> 0:12:39.920 million dollar real estate property. That throws off cash flow. Right. 0:12:40.600 --> 0:12:43.760 But because I've stepped up my basis from one million 0:12:44.040 --> 0:12:48.040 to five million, but four million in debt, I depreciate it. 0:12:48.800 --> 0:12:52.600 And because I depreciate it, I pay no taxes. And 0:12:52.679 --> 0:12:55.000 that's what Trump is saying. And they said, you only 0:12:55.040 --> 0:12:59.760 pay seven hundred fifty dollars in taxes. I said, because 0:12:59.760 --> 0:13:02.720 he's a real estate guy right on the reasons you 0:13:02.760 --> 0:13:05.559 get into real estate. It's not two reasons for real 0:13:05.679 --> 0:13:09.760 estate debt. I used debt to buy and then I 0:13:09.840 --> 0:13:12.720 pay no taxes and then the cash flow is tax free. 0:13:13.400 --> 0:13:17.040 It's common sense. But that's what my rich dad taught me, 0:13:17.440 --> 0:13:19.480 and my poor dad and mom on this side is 0:13:19.520 --> 0:13:21.640 to get a job and go to school and work 0:13:21.679 --> 0:13:24.840 hard and save money and pay taxes. That's not what 0:13:24.880 --> 0:13:26.679 I want to do. But it's a free country. You 0:13:26.679 --> 0:13:28.440 can do what you want to do. Yeah, you can. 0:13:28.720 --> 0:13:33.160 Everyone's free to overpay if they want. Um. Years ago, Um, 0:13:33.360 --> 0:13:36.640 one of your rich dad advisors had wrote this book, 0:13:37.600 --> 0:13:41.040 and uh, this book was very eye opening and uh 0:13:41.320 --> 0:13:43.480 kind of influential in my life as well. And I 0:13:43.559 --> 0:13:46.120 and I and I marked this book up with hundreds 0:13:46.160 --> 0:13:47.880 of little notes, and I gave it to my c 0:13:48.040 --> 0:13:54.280 p A and he's like, yeah, I'm like what so 0:13:54.400 --> 0:13:56.040 when you talk about taxes, that makes sense, but I 0:13:56.040 --> 0:13:58.839 don't want to dig into the tax I'm so glad 0:13:58.880 --> 0:14:02.360 you said that. You see, most people think they're CPAs 0:14:02.360 --> 0:14:05.720 are smart, right, you see, most c p a s 0:14:05.960 --> 0:14:11.800 are on this side. They don't understand this. It's really 0:14:11.840 --> 0:14:14.520 how this is this is how you look at the world. 0:14:15.679 --> 0:14:19.040 And I've gone through so many c p a s 0:14:20.280 --> 0:14:23.440 because you know, they're the village idiots. I want you 0:14:23.520 --> 0:14:26.240 to pay taxes, I said. The only only one reason 0:14:26.280 --> 0:14:29.800 I hire an account because I don't want to pay taxes. 0:14:30.600 --> 0:14:32.640 And so I would go and hire these accountants. And 0:14:32.640 --> 0:14:35.040 they say the best way what you should do is 0:14:35.040 --> 0:14:39.440 pay more taxes, and I said, you're fired. If you 0:14:39.440 --> 0:14:44.440 can understand that, if your listeners can understand that, you've 0:14:44.480 --> 0:14:47.720 got to choose your advisors very wisely. So it's very 0:14:47.760 --> 0:14:50.960 smart of you to buy that book because Trump and 0:14:51.000 --> 0:14:55.720 I don't pay taxes legally. And now people go nuts 0:14:55.760 --> 0:14:58.120 and said, well, you're an American and all that is 0:14:58.200 --> 0:15:01.600 a Hey, sweetheart, I went to Vietnam twice. You call 0:15:01.640 --> 0:15:03.800 me out American, I'll kill you. Yeah. I mean, it's 0:15:03.840 --> 0:15:06.880 just the way Marines think. Yeah, it's not that you're 0:15:06.880 --> 0:15:11.440 an American, you're uneducated. Yeah. And you know, I've made 0:15:11.480 --> 0:15:14.360 the point that, um, the government's your partner, whether you 0:15:14.400 --> 0:15:16.040 like it or not. They're gonna take half your income 0:15:16.120 --> 0:15:19.359 or whatever that percentage is. But the government has policies 0:15:19.440 --> 0:15:21.640 and they're trying to get people housing to live in 0:15:21.640 --> 0:15:23.640 and they're trying to get people jobs, and so they 0:15:23.680 --> 0:15:26.760 have these policies and um. In order to get people 0:15:26.760 --> 0:15:30.480 to do those things, they offer them incentives. It's the character, right, 0:15:30.680 --> 0:15:33.840 So if you help us provide housing for low income people, 0:15:33.840 --> 0:15:36.360 will give you tax breaks. If you provide jobs, will 0:15:36.360 --> 0:15:39.320 give you tax breaks. And not only that, if you 0:15:39.400 --> 0:15:43.120 drill for oil, we'll give your big tax breaks because 0:15:43.240 --> 0:15:47.240 oil lobby is very, very strong, right, So I like 0:15:47.320 --> 0:15:49.880 to look at them not as loopholes, which seems like 0:15:49.880 --> 0:15:51.760 a dirty word, like you're trying to sneak out of it. 0:15:51.800 --> 0:15:54.000 But really, I'm just doing what the government wants me 0:15:54.040 --> 0:15:57.080 to do. They're incentivizing me to do. Hey, Mark, take 0:15:57.120 --> 0:16:01.360 all the other show, you got it. I'm very you know, 0:16:01.400 --> 0:16:05.400 there was an all all TV programs starting with Kikumo 0:16:05.400 --> 0:16:09.040 with David karedy okay uh and then and so the 0:16:09.160 --> 0:16:13.720 old mass so says grasshopper. Right, So so Carrotane was 0:16:13.720 --> 0:16:17.040 a grasshopper going across American West killing people with his hands. 0:16:18.080 --> 0:16:21.640 But yeah, very good, grasshopper, you got it, Thank you, 0:16:21.680 --> 0:16:24.320 thank you. It means a lot now I'm digging through that. So, 0:16:24.400 --> 0:16:26.640 being a business owner and an investor, we were really 0:16:26.800 --> 0:16:30.400 looking to invest into. As you said, assets, So obviously 0:16:30.480 --> 0:16:34.280 businesses are assets and intellectual property in your businesses assets. Um. 0:16:34.280 --> 0:16:36.360 You've obviously talked a lot about real estate and getting 0:16:36.400 --> 0:16:39.160 cash flow. Um, what are some other assets that you like? 0:16:39.240 --> 0:16:43.080 I know recently you started to talk a lot about gold. Um. Well, 0:16:43.120 --> 0:16:46.280 I started, I started buying. I started in silver in 0:16:46.400 --> 0:16:49.160 nineteen sixty four. Reason sixty four is a key date. 0:16:49.760 --> 0:16:52.560 That was a year they turned. They took the US 0:16:52.600 --> 0:16:56.880 silver coins, and they did exactly as the Roman the 0:16:57.000 --> 0:16:59.920 Romans did in the Roman Empire. They based it. They 0:17:00.040 --> 0:17:03.720 asked nicol and other cheap base medals. That's why it's 0:17:03.720 --> 0:17:07.280 called base debasing. So all of a sudden, I'm I'm 0:17:07.280 --> 0:17:09.359 a little kid in seventeen years old. I'm looking at 0:17:09.440 --> 0:17:13.639 my coins and they got compert tintions wrong, and that 0:17:13.640 --> 0:17:17.240 that went into Gresslam's law. And Greslam's law says when 0:17:17.280 --> 0:17:21.320 fake money enters a system, good money goes into hiding. 0:17:21.359 --> 0:17:23.280 So I didn't know this. You know, I'm just a 0:17:23.280 --> 0:17:26.080 little kid in a little town called Heilo, Hawaii. I 0:17:26.160 --> 0:17:29.000 take my dollar, I go down to the bank and 0:17:29.040 --> 0:17:31.080 I buy a roll of dimes and stuff like this, 0:17:31.600 --> 0:17:34.560 and I'd sit there and look for the real silver coins, 0:17:34.960 --> 0:17:36.840 and I would take them aside and I give the 0:17:36.920 --> 0:17:41.159 coins back. I give the fake coins back to my banker. 0:17:41.240 --> 0:17:43.919 It was my neighbor. I have no idea what I 0:17:43.960 --> 0:17:45.520 was doing, says, why are you collecting these? Guy says, 0:17:45.520 --> 0:17:48.080 I'm a coin collector. But what I was doing was 0:17:48.119 --> 0:17:52.360 saving a a bag full of base medals, dimes, quarters, 0:17:52.400 --> 0:17:55.840 half dollars. They were real silver. And today you can 0:17:55.880 --> 0:17:59.440 buy the bags of that stuff because it's more valuable 0:17:59.520 --> 0:18:01.720 than the fake silver coins that came out in the 0:18:01.720 --> 0:18:05.560 sixty four And then that's when in Vietnam, I was 0:18:05.680 --> 0:18:08.560 flying out there and I went Americ gonna look for gold, 0:18:08.600 --> 0:18:10.560 and I had no idea what gold looked like because 0:18:10.840 --> 0:18:13.840 up until seven four, it was illegal for Americans to 0:18:13.880 --> 0:18:18.359 own gold. So today I save silver, gold, and bitcoin 0:18:18.800 --> 0:18:24.360 because they're outside the Fed Wall Street and the banking system. 0:18:24.400 --> 0:18:27.159 I am an outsider. I am a rebel outside. I 0:18:27.200 --> 0:18:31.639 refused to get sucked into that swamp. You know. So 0:18:31.640 --> 0:18:34.000 so so in the in the cash flow quadrant on 0:18:34.000 --> 0:18:36.640 the investor, you want to be the insider, but when 0:18:36.640 --> 0:18:39.240 it comes to getting out of the monetary system, you 0:18:39.240 --> 0:18:41.439 want to be an outsider. Correct. I want to. I 0:18:41.440 --> 0:18:44.119 want nothing to do with the monetary or the stock market. 0:18:44.320 --> 0:18:46.879 There's nothing wrong with the stock market. I don't like 0:18:46.960 --> 0:18:49.600 to play it because I'm not good at it. I'm 0:18:49.640 --> 0:18:52.440 taking two companies public, and you know, like they say, 0:18:53.760 --> 0:18:56.760 once you see sausage being made, you'll never eat the stuff, 0:18:57.359 --> 0:18:59.840 all right? You ever saw what went into taking a 0:19:00.000 --> 0:19:03.159 company public through an I p O. I won't touch stocks. 0:19:03.200 --> 0:19:07.800 It's it's completely manipulated. Okay, I'm a control freak, right, 0:19:08.080 --> 0:19:10.520 That's why I stay small. I want to. I want 0:19:10.520 --> 0:19:14.000 to hold onto my goal sover bitcoin. I don't want 0:19:14.080 --> 0:19:17.159 gold sover ets. Nothing wrong with them, but they're playing 0:19:17.160 --> 0:19:20.960 games with them. Sure, and yeah, the golden silver ets 0:19:21.040 --> 0:19:23.320 are definitely something they're playing games with and you can't 0:19:23.359 --> 0:19:25.440 trust that they're really backed by gold and those things. 0:19:25.680 --> 0:19:30.120 What about gold mining stocks which are paper and their stocks, well, 0:19:30.280 --> 0:19:32.639 like I said, once you see sausage being made, you 0:19:32.680 --> 0:19:36.040 don't touch it. You know even that? No, no, no, 0:19:36.160 --> 0:19:38.680 I have. I have a lot of gold mining stocks, 0:19:38.680 --> 0:19:41.520 I have silver stocks those things. Some of them might 0:19:41.560 --> 0:19:44.800 buy through ets simply because I'm not good at it. 0:19:45.800 --> 0:19:48.639 But I took two companies public, one from Argentina, one 0:19:48.720 --> 0:19:51.800 from China, and the gold mine in China still in China. 0:19:51.840 --> 0:19:54.280 They took it from me. Yeah. So when they when 0:19:54.280 --> 0:19:58.080 they say Chinese steal intellectual property, Chinese still steal anything 0:19:58.080 --> 0:20:04.159 a little fastwards. Yeah. So, um, so you like gold 0:20:04.560 --> 0:20:07.199 because it's an it's outside the financial system. And I'm 0:20:07.240 --> 0:20:10.679 guessing that's because you see the financial system heading towards 0:20:10.760 --> 0:20:14.879 ruin uh finance, a final collapse. Um and which if 0:20:14.920 --> 0:20:16.920 you're in that system and you're going to be affected. 0:20:16.920 --> 0:20:19.600 And if you're outside the system, that's your life boat. Yeah, 0:20:20.040 --> 0:20:22.840 I want control of my life. Let me show you 0:20:22.880 --> 0:20:26.600 another picture here. Okay, this is this is the financial 0:20:26.640 --> 0:20:30.280 statement I talked about, right, this is poor debt. It's 0:20:30.280 --> 0:20:32.480 always get a job and get a high paying job, 0:20:33.080 --> 0:20:38.040 you know, high high paying income here and always safe money. 0:20:38.560 --> 0:20:40.880 But this was rich do out here. You want assets? 0:20:41.160 --> 0:20:45.440 I want to control my assets. I don't. I don't 0:20:45.480 --> 0:20:47.680 want this to be full of stock sponsor mutual funds 0:20:47.680 --> 0:20:50.800 and at s. I want assets that I created an 0:20:50.800 --> 0:20:54.200 eye control. I'm a control figure that way. No, I'm 0:20:54.240 --> 0:20:55.719 not saying it's the right way or the wrong way. 0:20:55.720 --> 0:20:57.720 I could have made more money, you know, playing Amazon 0:20:57.800 --> 0:21:00.440 and all the other stuff. Like I love Apple of Amazon, 0:21:00.960 --> 0:21:04.080 I just don't like stocks because of two manipulate, I 0:21:04.119 --> 0:21:07.200 want to manipulated. I don't want that manipulate. I want 0:21:07.200 --> 0:21:11.080 to manipulate it. Right. So, and I'm doing really good 0:21:11.280 --> 0:21:15.000 simply because what's my brand worth? Right? You have a 0:21:15.040 --> 0:21:19.480 big intellectual property, Yeah, but the brand is beyond anything. 0:21:19.720 --> 0:21:22.000 That's like, I'm ask you this, how much is the 0:21:22.080 --> 0:21:25.960 brand Apple worth? How much is Coca Cola worth? Right? 0:21:26.200 --> 0:21:28.800 And that's what the average person who went to school 0:21:28.800 --> 0:21:31.520 and got a job doesn't understand as the power of 0:21:31.560 --> 0:21:36.800 the brand. Hm. And you know, brands are billions of dollars. 0:21:37.400 --> 0:21:40.840 And that's actually central to Warren Buffets investing thesis, which 0:21:40.880 --> 0:21:43.280 is he wants to invest into companies that have what 0:21:43.320 --> 0:21:46.240 he calls economic goodwill or he wants that brand to 0:21:46.280 --> 0:21:49.080 be there so they can command an oversized premium in 0:21:49.119 --> 0:21:52.399 the market without having to continue to invest more money. 0:21:53.680 --> 0:21:56.000 You got it. And so what happens for these guys 0:21:56.040 --> 0:22:00.639 here they never learned how to build a brand. You 0:22:00.720 --> 0:22:03.560 have to cross over onto this side to build a brand. 0:22:04.280 --> 0:22:07.719 And because I have a brand, you know, when I 0:22:07.760 --> 0:22:15.720 announced a book, I sell fifty licenses like in Chinese, Japanese, Filipino, 0:22:15.840 --> 0:22:19.639