The school system focuses on teaching students to be employees, not entrepreneurs, and avoids teaching essential financial skills like understanding debt and taxes.
He advises seeking financial education from entrepreneurs and learning how to use debt and taxes to one's advantage, rather than avoiding them.
He believes that without taking risks, individuals do not gain the necessary knowledge and experience to become smarter and more financially savvy.
The rich focus on creating businesses and assets, while the poor focus on getting jobs and liabilities, leading to different financial outcomes.
He considers this advice obsolete and suggests learning how to use debt strategically to create wealth, rather than avoiding it altogether.
He believes that understanding taxes allows individuals to structure their income and investments in ways that minimize tax liabilities, which is crucial for building wealth.
He advocates for embracing fear and using it as a motivator to learn and grow, rather than avoiding it, which can lead to stagnation.
He suggests changing one's mindset from a poor or middle-class perspective to an entrepreneurial one, which focuses on creating assets and understanding financial mechanisms.
"If you don't take risks, you don't get smarter". Learn Robert Kiyosaki's secrets and begin your journey to financial freedom! Robert Kiyosaki delivers some of the most eye-opening financial education in one of the best motivational speeches you will ever hear!
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Speakers:
Robert Kiyosaki
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Website: https://www.richdad.com/
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Music:
Initial Instrumental, McAuley
Culpable, McAuley
Probate, McAuley
The Move, McAuley
Legal Opinion, McAuley Hosted on Acast. See acast.com/privacy) for more information.