500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming 01:17:33

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