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  • Robert in the last 20 years.

  • Are you seeing more people going into entrepreneurship?

  • Are you seeing more kids at least more open minded to doing it?

  • Do you see at least it trending that way?

  • Because when I was a kid robert, there was no youtube.

  • I mean, all I could really find is your book in a library.

  • If I could find it, but no one was actually encouraging me to be an entrepreneur.

  • Yeah, Well what's happening is I don't know if I should have my, my little flip.

  • I talked with my hands, But there was a book # two, it's a cashflow quadrant.

  • There was any employee school, get a job.

  • Yes.

  • There for small business on small entrepreneur Basted for big business, 500 employees or more.

  • And I stood for insider.

  • I only invest as an insider.

  • I don't have stars spots which are fancy.

  • Yes.

  • The trouble with entrepreneurship is many and eaves are moving to essence, so they're small business owners and who did Covid shut down small business.

  • They didn't shut down wal mart, they don't shut down this.

  • They they're not about the small guy, They could have knocked me out.

  • The other thing about being a small entrepreneur as you pay the highest taxes.

  • Remember this year?

  • This book here says the creature from Jekyll Island formed The year the Fed was created in 1913.

  • So it's internal revenue service.

  • So they make money and they collected back to taxes.

  • So when you go to school and you become a small article, let's say you open up a little taco shop or something, you're going to pay the highest taxes possible.

  • You're going to have the highest government regulation on your but you don't have a prayer.

  • So the arctic is how do you go from the N.

  • S.

  • Could be in the eye and that's where Richard came in.

  • We teach people the government because it's harder.

  • It's almost impossible one and probably a million people can make it.

  • I made a B.

  • Stands for brand Rich.

  • Dad is a brand.

  • Mcdonald's is a brand.

  • Coca cola is a brand.

  • It's like Buffett only invest in brands.

  • The average small time hoodlum Hudler, whatever they are, they're small, they're gonna get stepped on.

  • So what we teach at Rich that that's one of our cats for games and all this stuff to start thinking about how to become an entrepreneur, develops a brand that invests from the inside.

  • I don't what I don't want to build a Bitcoin.

  • I just want to start my money there.

  • Yeah.

  • So all I'm doing is I put I put a water deal to get together the other day I to shut it down to the most a bunch of crooks in it.

  • But I'm always putting deals together.

  • I'm an eye investor, I make my own products on my own deals.

  • So the green new deal is coming up and I've been made a couple of million dollars putting together a green new deal project.

  • So that's what capitalists do, but you have to be bigger and the small guy in our schools, so I catch hell from Bitcoin guys, I'm gonna love you guys, but you're thinking too small, you're peeing and the ocean of massive money brand.

  • How big is the bond market?

  • Yeah, Yeah.

  • Right.

  • How big is it bigger than?

  • Yeah, just a little bit.

  • Yeah, yeah, yeah, you're right.

  • You know the one thing that it does make me feel positive robert about Bitcoin and decentralized finance is that it does people, it does make people, I guess understand their money a little bit more and their risks and now defy you can buy insurance contracts on there and you can swap out money and I feel like if you're actually playing it with your with your own hands, you have a closer relationship with it as opposed to assuming you have to trust the Wall Street guys and throw it in your ira and never know what's actually happening.

  • So in some ways I feel like the kids are at least in the workshop, But I understand, right?

  • Yeah.

  • I agree.

  • 100%.

  • I agree.

  • 100%.

  • You know, I'm a lot older than you are, but my world was monopoly.

  • You know, I learned how to put small real estate deals together and then when I realized then I flew from the U.

  • S.

  • Marine Corps and I was in Vietnam and Nixon took the dollar off the gold standard and then I became a gold book.

  • So I put together gold mines and silver mine look in public and that's when I realized I don't ever want to do.

  • I don't ever want to deal with Wall Street again.

  • So if you start small 1964 without 16 years old, I saw this little us dying at a copper tinge around it.

  • I remember that was Gresham's law.

  • If you had any financial education progressions, law states, when bad money enters the equation economy, good money goes into hiding.

  • So when I was 16 and 17 years old, I used to go down to the bank as a caddy, make a few dollars on the golf course.

  • I would trade my dollars and for dimes and quarters and half dollars.

  • I'd look for that copper tinge give us a copper change its Gresham's law.

  • It's fake money.

  • So I pulled it out.

  • I turn it back to the bank and get real no copper tends silver coins.

  • So I have all of these solar coins today, they're worth more today than they were years ago.

  • The trouble is my mother spent it, this is my lesson brian poor people do not know difference paying real money.

  • Thank you.

  • Right, right.

  • That's why people are poor if you're working for then This is a Zimbabwe's 10 million Zimbabwe dollars.

  • What's going to happen when this is £10m For $10 million dollars or what happens when it goes to a pound coin?

  • That's how you should think so.

  • I agree 100% with you.

  • I'm glad these young people that put them around, you know, it's a big crypto conference on in Miami just recently in all of this, but you have to understand what you're dealing with brian you came from inside the delta and Bitcoin will take them out.

  • That's what you gotta watch out for.

  • The same as artificial intelligence will take away truck drivers felt coin man or not, but it'll take banks because of transmission mechanism was it took an entrepreneur like me to borrow millions of dollars through the bond market or or the pension funds and all this stuff.

  • It required an entrepreneur to borrow money for a hunt for money to get into the system to give it to the poor people.

  • But if these young guys messed with the Fed too much and it goes to Fed coin, it's gonna be another game again.

  • Because you know this, I mean every time a new technology enters the system, there's a crash every throughout history.

  • So that's why I mentioned LTCM long term capital management.

  • It's when the internet came into a market, it crashed.

  • There was a Y two K crap and all this other stuff.

  • Then there was there was a subprime with the regulars market in 2008.

  • And this next one is going to be different when we go to that point, mm.

  • Mhm.

  • Yeah.

  • Around what, wow.

  • Mhm.

Robert in the last 20 years.

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A2 entrepreneur small copper brand poor people robert

Poor People Don't Know Real Money from Fake Money - Robert Kiyosaki On London Reak With Brian Rose

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    林宜悉 posted on 2021/06/14
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