Robert kosaki welcome to Dad Saves America I tell you that Dad Save America is perfect name for my brand too right that's dead poor death I am so excited we have talked about having you on the show for a long time and um our time is limited so there's so much more that we could talk about together than we have time for sure I want to start with the present because you are you are an icon of macro Financial literacy and this is a very weird time it feels like um so how do you understand
what's happening in the economy and what we as parents and as homeowners should be preparing for and thinking about well without getting political you know uh Donald Trump and I wrote two books together because we're concerned about the lack of financial education in our school systems so you think about the for of it if there's no Financial education in our school systems then the people running our government are idiots see I wonder you know you know like people say well the Federal Reserve Bank has either 400 or 4,000 phds my mind goes go that's 4,000
or four like my poor dads they're academic Geniuses who know Jack about money and they're killing us so when I see that and then you have my generation was the first baby boom generation was the first generation without a defined benefit Pension Plan defined benefit was like you know when my my father generation they work for Ford or general Ms and they they had a pension for life but in 1974 that changed so they shifted to the 401K and Ira rrsp in Canada 401K in Japan so the boomer generation is kind of hanging out there
on a string right now and now we're starting to retire so that was 74 to now how many years that is but the boomer generation had the easiest time in all history you know the economy boomed yeah but now it's about to shift and I'm afraid the boomer generation might be you know out of luck all right I'll keep this quick if you like what you're hearing and want to hear more don't forget to hit that like button and subscribe to the channel so you won't miss our new content as it comes out every week
and now back to the conversation one of the things that I feel like isn't really getting talked about is the is that I mean people are talking some people are talking about our demographics shifting but we do have this pending sort of financial catastrophe which is we're it seems like worldwide we've never been in a place where there's so few so few workers young people for so many old people yeah how do you think about what that means for for for for for all of us well that's kind of my my shared concern I don't
know what's going to happen but something has to happen you know that all saying is how' you go bankrupt slowly and then fast well the speed's about to go fast right now all over the world you look at Japan you know when I was a kid there were the Arab AMAC of Japan well now their yen is worth nothing and you know Japanese aren't the brightest when it comes to money I'm Japanese say that fourth generation American Japanese I mean they print more money than we do so I mean what as I'm saying so if
our school systems teach us nothing about money then we have idiots running the show what is the most important basic fact of you you know financial literacy that people don't know or don't understand at all like if there's a top confusion or ignorance what would that be and and help our viewers sort of understand well that's all I did in Rich Dad Poor Dad you know my poor dad was a head of Education the state of Hawaii PhD he did studies at Stanford Northwestern University of Chicago and uh he was poor as a church mouse
but he held up his PhD I said yeah that that and 25 bucks will buy you a cup of coffee you know what I mean what good is a PhD and they get so you there so many people who get so attached to a stupid piece of paper and my so that's so my rich dad was my best friend's father never had education and he always said my banker has never asked me for my report card yet so what does your Banker want to see so these idiot leftwing academic types of go I what to
Stanford and uh my banker wants to see my financial statement that my poor dad had no idea what a financial statement is most academics have no idea they don't have financial statements but to be a capitalist I run on my financial statement you know because 1971 Nixon took the dollar off the gold standard and the US dollar became debt so today if we stop borrowing money economy collapses it's because it's debt so when this Dave Ramsey is kind of a friend of mine but we are with different points of view he says live debt free
I said if we live debt free the economy would collapse oh no it wouldn't does it well if you study macroeconomics if we don't Bor money is created by borrowing money not working for it anymore so if you can understand that macro concept and then today America is now printing this is 2024 we just started printing a trillion dollars every 90 days to keep this economy floating now when they stop that's that's like Noah's AR going down you know on top of the mountain I first started getting into these kinds of issues um about 15
years ago because the financial crisis 2008 happened and I was a young dad and I had my first mortgage and I suddenly for the first time in my life was thinking about interest rates which no one had told me about or talked about it wasn't a thing that you could encountered in your education um we're we're now to a place where interest rates have gone up but in the bigger sweep of American his recent American history they're still pretty low they're lower than then my parents had to pay with their first house was like interest
rates were 20% how do you think about sort of that landscape the landscape for interest rates and Home Ownership well I I'm kind of on the all coins have three sides heads tails and the edge so you have Republicans Democrat but I Stand On The Edge you know look at both sides and you have right and left and all this stuff so when I look at money you have to see what's invisible you have to see the other side and so when the 2008 Market hit like I said money was debt what the banks were
doing was there were borrowing money and then packaging debt as an asset so they could borrow more money they're called derivatives and the average American since they're financially illiterate they don't speak the language of money when I speak a derivative that's like you get an orange you cut it you squeeze it the orange juice is a derivative of the orange so what a derivative is in 2008 was a derivative of debt made into bigger debt so the debt accelerated so Warren Buffett is called derivatives Weapons of Mass Financial destru destruction so I'm sitting there like
who was watching it 2008 comes it blew thank you God thank you because when you see the other side I got more I made I made more money in the crash than I did when I was going up so the average person because they don't have financial literacy definition of words and they're taught to just work for money they don't see the other side they cannot see what they cannot see so when the markets crash at 2008 I borrowed $300 million you borrowed 300 million and I bought the best real estate in the world for
pennies on a dollar that's how you get rich not by working hard and putting in a stupid 401K full of stock SPS mutual funds and ETFs those those are for the peasants jesz every you know what I mean but that's when they tell the kids go to school get a job work hard and put your money in a in a 401k or IRA full of B mutual funds ETFs I don't touch that garbage it's trash you but you don't know if you don't know right well so this is one of the things in your book
right it's um the concept of investing in assets and understanding the difference between an asset liity so for the financially um yet to be literate what what are those Concepts and why are they so important again all coins are three sides heads tails and the edge got see the other side so for there to be an asset there has to be a liability by definition if we understand that one you'll say okay so here's the asset what's the liability give me an example well I wouldn't touch a mutual fund do you know that's toxic but
the liability is the the black rocks or the the fund managers who package that stuff all coins are three sides I'm on the other site I package it that's why Buffett call you know derivatives Weapons of Mass Financial destruction I package that debt and that's how I make my money so I know what those guys who are like black rock and all these guys the mutual the Vanguard they're just packaging garbage and selling it I wouldn't touch it what should the average person do with their savings right now from your perspective like in in Broad
Strokes not some particular asset class or something but what what like if I'm if I'm if I have savings that I can put somewhere what's a good strategy for me well you better study you know a village idiot and their money are soon gone you know they dis they all disappear if you're read Rich debt poor debt you know it's the number one book in the world for 27 years and I flunked that of school cuz I can't write and and the Publishers of New York like Simon and Schuster they all turn Rich Dad Poor
Dad down they said because they're all like my poor dad these academics are the worst people on planet Earth because they have a they have this stupid piece of paper that says you're smarter than that guy over there I in my port it's a piece of paper show me your financials oh I got my PhD if you can understand the insanity of that that somebody actually thinking their PHD makes them Smarter Than The Village Idiot out there if you can understand that Insanity so any anyway I don't was going with this whole thing but you
have that's why Trump and I are good friends because we sit there and laugh and chuckle you know when Hillary he was debating Hillary that uh criminal V Jesus Christ well they are they are you're not wrong well you know when when Hillary says and he doesn't pay any taxes and Trump says that means I'm smart I don't pay taxes only idiots pay taxes you're making a lot of friends with these with this stuff My Poor Dad hung on to his PhD I'm going you're broke you're working hard you pay taxes and you're saving dollarss
and they're printing dollars but I have a PhD my other friend has a real estate license he says I have a real estate license you don't I said yeah cuz I don't want I have it realistic I think I'm doing my best for your audience to show the insanity of our our public today they think a lousy piece of paper like the dollar bill is important it's a piece of paper it's a derivative if those things aren't important what what is assets so rich dad P I said there's three main rules the rich don't work
for money what I do as a capitalist is I create assets so I take debt all this assemble I put a piece of real estate together or business or like right now I'm up in Northern Canada buying lithium Fields we're going to crush lithium for Batteries EV batteries and batter so we create assets and so that asset pays money so every month let I have 1,600 rental units every month 1,600 people who would probably went to school pay me rent God bless them and guess what because they're paying me and my properties are 100% debt
I pay no taxes that's why Trump says I'm smart but the average person says well I I pay more taxes than you as well you're an idiot no if you understand tax law America was founded as a tax revolt 17783 it was thing called the Boston Tea Party we don't want to pay taxes but if you read KL Marx in his book The Communist Manifesto taxes are essential for the spread of Communism My Poor Dad was also head of the labor union what did Mark say about Labor units workers of the World Unite you understand
you're getting you're getting back to the basics here this is great I but I understand this stuff that's lousy you know so anyway rich don't work for money I create assets we don't save money and your house is not an asset so the average poor person you know went to college like my dad phds go to school get a job work hard save money get out of debt and buy a house because your house is your biggest asset that is the dark dark side of the coin but it's the light side for the idiots they're
doing what they think is smart on the guys on my side like Trump's side going I wouldn't do that but you can't tell him that because they got this stupid piece of paper says you're smart my dad says I'm smarter than your Rich Dad I said yeah you're also broke so this is a a radical thing for people to hear that haven't read your book the idea that your home is asset I mean this is I think this is the largest asset on most people's um personal portfolio personal balance sheet their home is their home
right so how is your home not an asset because you have to understand cash flow two most important words if you read a fin if you read financials that's what your Banker wants to see your bank wants to see a financial not your GPA not your report card you know not your college degree they want to see assets liabilities and cash cash flow so there's three basic parts to a financial statement income statement balance sheet statement of cash flow you can teach a monkey vet but our schools don't teach that it is shocking that still
to this day a high school graduate will not encounter those three ideas because they're taught by marxists no they are you and I agree on that no no I don't mean they're bad people pleas hear me wrong that's what good this is a a ring I'm call a ring knocker there's five Federal West Point naal Academy Air Force Coast Guard Kings Point I went to Kings Point in New York the first book we were required to read is a Communist Manifesto really yes 1965 I'm reading the Communist Manifesto going because it was economics that's real
economics not that they teach you in school econ 101 eon no it's communism versus capitalism Adam Smith versus Karl Marx it's basic but our academics are idiots they got this piece of stupid paper say you got a PhD I'm going God pay me my rent I'll be happy so when you encounter a student who is is under the throws of um belief that communism is the future and that oh look capitalism has failed for whatever reason what do you say to them got to study a little bit more I'm not saying comment you know I'm
I'm not saying being a Marxist is bad because economics because my economics teacher was a West Point graduate US military school I went to military school he was a West Point graduate he flew b7s in World War II got shot down captured escaped all that stuff and he says economics is like a religion so you could be Catholic you could be Hindu you know you could be Jewish could be Buddhist so economics is like an economic religion and he says some marxists believe in this religion capitalists believe in this religion so I I'm reading the
Communist Manifesto 1965 I family a Marxist and my dad headed the teachers union can you imagine that and that's what Mark said labor workers of the World Unite form unions and so I I worked for my Rich Dad one time during a un because my rich dad was the exact opposite of My Poor Dad You Know Rich Dad was a capitalist and his workers went on strike so rich dad called me up he says come help us out so I went down to his hotels he owned hotels and I'm working behind the desk so I'm
out there for like three or four days because you know there's no workers workers on strike and all this stuff they went they were they were voting for unionism that's what the workers were on strike for I got home and my poor dad said where have you been I said I I called home every said I know but where have you been I said I was working he says you're a scab you broke the union lines it was the end of my relationship with my dad he says you're a scab I went but Dad I
was just helping this guy out no you should have let those guys strike against him that's the number one rule of uh Marxism abolition of private property yeah you just read the books you know what I mean yeah the that um we I did a recent video about uh a couple videos about Marx Marxism and I think that's the that is essentially what I understand to be the the simplest definition is the abolition of private property is communism yes but how you get there is that uh you know workers of the World Unite go up
against them strike take their money uh I'm not saying that's right or wrong but that was my father it's a hard environment to try to understand which assets to buy so is there a wi and and how to how to get your first step on the ladder I I think it's easy for people to think about well I'm GNA get I'm GNA get a job and I'm going to you know get I'm going to enter this field I'm going to get whatever entry level opportunity and work my way up what's the equivalent in the asset
world for that first rung of the ladder well again financial literacy it's simply the definition an asset puts money in your pocket whether you work or not so a 401k is a liability because it's taking money from your pocket in these Village IDI academic types I have a 401k you're an idiot because it's taking money from your pocket going you giving it to guys like me the capitalist you just look at cash flow there's three things income statement balance sheet statement of cash flow I I created a board game called Cash Flow that's the only
game that teaches accounting having fun so Engish sa balance sheets tape in a cash flow and the reason I created was Maria montor you one of the great educational entrepreneurs of all times she says what the hand does the Mind remembers so how did I get rich was I played monop what was the first asset you bought in this in in this journey for yourself that was a challenge the first asset was my challenge was I couldn't pay anything for it I had to get it for free H so uh I had to use debt
to buy it so my rich dad was a great guy man he was a son of a oh he's so you go buy your first piece of real estate in Hawaii and Hawaii real estate is expensive so I bought a one bedroom one B condo on the beach and I bought it with my credit card wow 100% dead financing that's the secret to success so when Dave Ramsey said lives Dead free I said well that's your philosophy it's not mine again there's always three sides to a coin on the light side all the idiots saying
I'm debt free on the dark side you guys idiots I want debt always three sides there's no say as a one-sided coin the so one of the things that's hard to try to think about that is especially with with real estate is real estate prices go like this so depending on where we are in this boom and bus cycle you might be taking out a lot of debt on an asset that turns around and ends up losing quite a bit of its value I it be stupid well but it's easy to say that after the
fact how do you know when do people buy when Village Idiot by real estate at the top prices are going up i' better jump in you know it's called formo Fe missing out the village idiots are running in there that's like right now they're all running into Bitcoin and stuff like this the stock market today all-time highs idiots are just jumping in like lemming's going to die so talk about the emotional um control that people need to have to be able to do this kind of thing very good question the human body is made up
of four different types you have the mind you have the body so there's mental intelligence physical intelligence there's spiritual intelligence and emotional intelligence EQ and the average person has no EQ very low spiritual intelligence reason I know that because I was a marine went Vietnam twice is being mentally intelligent phys you know physically spiritually emotionally and when you see your friends dying it's really really imperative you remain stoic calm and you keep killing the other guy that's what we do yeah that's hard stuff most people don't know what that's about no and then when I
came back from Vietnam the second time in 72 I got hit by a rotten egg and spit on by all these hippies from Woodstock you know and today I I see them around I see them in politics Nancy Pelosi Chuck Schumer they're all those hippies out there spinning on me I'm only a kidding you know I don't think you're kidding no I think that's not a j no I see my I mean I'm I'm Boomer my question I ask a lot of guys my Asians and what did you do during Viet now well I had
a student deferment oh okay I know who you are now or I was in Canada I said oh good good good good good dodged it so do we have to be the absolute Killers to be able to weather the financial storms no I didn't yeah help me help me navigate I said it's four intelligence it's mental emotional spiritual physical you look at a guy like Tiger Woods he's got mental emotional physical spiritual line to that putt you know let's say he's putting 10 ft to win a million bucks he mental spiritual just going and that's
why Maria montor montor school system says what the hand does the Mind remembers it's physical intelligence that's more important than mental intelligence my son uh spent most of his academ his um K through2 in monor style schools and I'm a big fan but I I hadn't heard that phrase that a really powerful phrase what that what the hand does the Mind remembers I feel like so much of our education system is purely abstract and not physical it's the exact opposite it's emotional they punish you for making mistakes how stupid is that so you have so
many people but what if I make a mistake I said you'll get smarter you know baby doesn't learn to walk unless it falls down but let's say the baby stands up falls down teacher goes you stupid stupid kid you can't walk can't walk they'll never walk so when I meet people who are the academic types of that piece of paper that means nothing most of them are so terrified of making mistakes and say what you do is so risky well risk involves mental emotional spiritual physical and our schools make you they do I got a
piece of paper said that means you're an idiot you know show me my show me your financials you know I my license played on my car I have a I have a V12 Bentley I do have an EV also but the V12 say 1.9 GPA I just I go down the trees there is I mean I there is a um there is a resentment in Academia towards the rich towards the rich but also there's a kind of and that this goes back a long time there's a sort of like the merchant class has always been
reviled by because yeah why do you think that is it seems almost like a deeply human quality cuz it's not just here in America it's throughout history was we have different values you know what I mean we all have different different values so for the academic types who are generally you know in school I used to call them nerds I was a surfer you hey Robert I was a nerd back off the Surfers were cool you know I was flunking out of school but we're cool and they said there going well I'm going to go
a good school is good I'm going to be surfing it's just values I still got into Naval Academy I'm not stupid but I'm also not that naive so to go to military school you have to be mental emotional physical spiritual you know in America we lead the world in fatherlessness one in in fatherlessness yes one in four that students and four kids are living in their a home without a biological step or adopted father you had two dads you had your you had your biological Dad Poor Poor Dad with his PhD and and and Rich
Dad a mentor friend friend so you were Rich you were doubly rich on that score thank you what do you say but that's why your program is perfect name it's it's a big part of why we do it yes fathers are are not caring the load today I meet so many young women today who say I can't find a man you know they're Tick Tock dancers now you're boomering enough here drer um you know Marines Marines have an attitude problem um but what what is your advice for for young men who who don't have the
benefit of having a dad to impart these things you know obviously you're out there you've been out there for a long time preaching this gospel but if I'm a young man and I I am uh I'm stuck that's a great question what should my body do first so that my mind can very good question because when I realize this is what happened I grew up in Hawaii my father's head of education on one side of the street as a kid schools the elementary school school for labor union kids it was called Union School so the
kids that went there were union members their fathers were either Portuguese Filipino Chinese Korean like that directly I mean less than 20 yards across the street was Riverside School the school for the rich kids so their fathers owned the plantations that the union kids work for I talk about a psycho Farm I'm going so for some reason my father didn't Che but I got into the rich kids school so I'm sitting there for the first time in nine years old going how come they're poor we're rich this guys are what's the difference that was the
question so then I'm in Sunday school and flunking out Sunday school too I'm sitting like this and the teacher says why were the three wise men wise I raised my hand and said she goes why because you were Rich she goes and you know in church the love of money is root of all evil right yeah so when I said but it is the love of money it's not money people make that mistake I understand but it's the poop out for being poor I all know the game I'm not idiot so I sat that going
she goes uh said I said why do you she said why do you think they're rich gold Frankenstein M that cost money and she goes how do you know that I said I study money I I do study money and she goes that didn't make him rich I said well what did and then she said the magic words they sought the best teacher so you know Christian is Jesus Christ Buddhism is Buddha and I went so my job as a kid is to seek the best teacher she goes yes and so I'm in a I'm
in a rich kids school across the street of the Union kids laborers kids and I went looking for a teacher and that's when I follow my rich dad was my best friend's follow in the same school one of the things so please hear me seek your teachers and YouTube and what you guys are doing you're giving the world at access to millions of teachers so I think YouTube's good and bad to it but seek out the best teachers one of the things for a lot and I have a 19-year-old son and he he's doing great
but he his peers a lot of them when they do that they say Okay I I don't believe the nonsense I'm being told I'm being told I'm toxic and this and that communism I'm like I don't like any of that so they go online and they encounter characters like Andrew Tate and others who are essentially pitching them it's not all bad what what what they say some of it's helpful but some of it's just kind of getrich quick scam Artistry correct how should someone recognize when that's what's going on because if you don't have a
if you don't have that knowledge and you're looking for your first teacher and they turn out to be some Ponzi scheme Bozo you might not know that they're a Ponzi scheme Bozo oh they got a Bugatti they might they're they're like the three wise men that but just with Bugattis and harms and stuff so they're sort of like a demonic wise men pretty if it's too good to be true it's probably fake you know but the best podcast I've ever done one of those get-rich quick guys came on my show he was hoping that my
audience you know would infiltrate his audience and all that stuff and he was giving what I I thought was the worst advice and he's pretty famous to me to this day he's still up there I took him on you know you so I chewed them out I thought it was the worst thing I'd ever done until this day people come up to me and say that was the best podcast ever because I took him on what's your definition of leadership you should be able to unite and focus a group Kings Point this SCH went to
number one school of leadership the first the first word we've learned at Kings Point mission mission is spiritual what are you here to do then your job is to lead us unite focus focus that energy I've run small businesses for a little over a decade and this has been maybe the biggest lesson I've learned over over that time is having a vision and Mission if you're trying to lead an organization ends up being the most important thing you end up doing your job is unite in the in spirit so you know that's that's why I
I say when I came back from Vietnam I got spit on and hit by rotten eggs and they just didn't see they said we called us Killers which we did but when your friend doesn't come home you where a carrier and we're sitting there go what happened to him I said did you see him go down no we didn't see him go down they don't come back it's the most empty feeling so there was somebody nice I'll be on my carrier be sitting on the bottom of the ship and that's when you get closer to
God you know you go why am I still here why is he gone so the Vietnam Wall was a good thing in DC you know I I go there and said I say goodbye to my friends but then to come home and get spit on hit with rotten eggs my commanding officer said it the best I said gentlemen we fought for the right for them to do that to us what H that's freedom of expression we fought for that right that's Spirit that's Mission that's leadership go I you know we could have just broke out
our guns and shot them all there I wish would wouldn't be too politically correct no no that would be we just said sociopathic yeah crossed my mind though you know I said I shot better people than you but I'm walking get with eggs and spit on and call a baby killer and my one of my best friends Robbie never came back you know I so it took me going to the wall to say goodbye what do you say to those who who believe that your generation has really screwed things up for our kids I I
I I don't know that I believe this like oh the Boomers wrecked America but it's certainly something that people say what's your response to that well there's some truth to it you know I mean I'm not not denying it but if you study money this has happened every time we print money so you know I'm a student of money I don't know why that was my only interest there wasn't a class called money at school I just studied on my own just a greedy bastard for early age yeah but when you print money two things
happen and this one so next one was a guy printed money first guy and it was from Brett Bretton Woods all the history look at all he came up every time they printed money there's been War the C so I brought the green back in the Civil War 1920s the wiar Republic had brought Hitler to power yes I was in Zimbabwe when Zimbabwe went down but when you study money every time you print money two things happen the rich get richer poor MK flat get poorer and the reason for that is when you print money
so-called assets of value go up but also expenses for food and things go up so I when you see homelessness increasing the more we print money more homelessness because they can't afford the house this has been a really interesting thing that's happened that's um in America right now which is we had this czy acceleration in the price of Housing and interest rates collapsed so that you could get a 30-year fixed trate mortgage below 3% and now that's all been started to be turned upside down and it's created a really weird moment where interest rates are
high prices have gone up the housing market hasn't crashed inflation's gone up so it's it's as I've been more of a student of like basic macroeconomics than Finance I'm like behind at Finance frankly I mean not at the basic level we're talking about but um where do we go from here what what do you what's your sense of of how the next several years is going to play out okay so you were a that the price of housing went up but inflation went up yeah so it's a double- Ed sword if you're making less than
100,000 a year how do you afford a house can't because you go to the supermarket and your cash is sucked out of there on the expense column but that's why there's no Financial education in our schools they don't have to teach you that stuff they got some guy with a PhD and a paper and so that's that's the problem and another thing I was Tau the academy you know because a ring knockers you watch what a person does not what they say so that's why I'm I observe people so it's guy Biden his F not
Republican or Democrat but his First Act was you know what it was his very first act the student loans was that or no no that was Obama oh another criminal but anyway no it's you're not wrong there assassinating American citizens around the world he's technically a criminal yeah now when when you um when he cut his First Act was to cut the Keystone XL pipeline and I went to Kings Point okay I'm an oilman my first job was with Standard Oil I understand oil when he cut the pipeline I own oil wells and the moment
he cut the pipeline that day oil but under Trump I was selling oil for $30 a barrel next day was1 130 so that's what so he lined your pockets with that I almost voted for Biden after that one Trump kept the prices down and so the 130 I'm making money hand over a fist but I knew exactly what he was doing because that's what Marx disguised did by raising the cost of living or inflation you have now have two classes so what Biden did was he created another class called the the upper middle class became
poor he did it intentionally I watched that going God Mighty and so you notice what's happened then you see Hess has increase and all this stuff it's intentional and that's what Trump was fighting the Deep State or the dark side whatever he was fighting so when you see that stuff I go wow his second step was open the Border watch what a person does not what they say so Trump was putting up a wall I know people hate Trump he's a good friend of mine he he was putting a wall up so we had some
protection Biden took it down watch what a person does not what they say but people can't hear what what's Biden's doing because they hate Trump so much well Trump's really made it hard and that he often sounds like a crazy person so if you're inclined to listen to what people say versus what they do Trump doesn't make it easy to judge him on that basis oh he makes sense to me no you know he's he's really I I know him for he sons and not really good for that I actually um throughout College I waited
tables at Trump Marina so I actually technically was a trump employee during my college Years I asked this question of every guest you know we call this Dad Saves America because I think um I think dads are the role we get to inhabit as men that makes the biggest difference in our society how do you understand your role in the American story that's a really good question yeah know cuz I I'll say it again I was I flunked out of school CU I can't write and I WR Rich Dad Poor Dad and every publisher because
they like my portets they they turn my book down saying you don't know what you're talking about you said you think you know money but they think they know money they have a 401k that's why you know full of stock sponds mutual funds and ETFs I wouldn't touch that stuff so I had to self-publish which Deb poor de I put the books in my friend's car wash in Austin Texas because nobody would buy them I published them and said now now what do I do and it was in this car wash and then my friend
said they're not selling I said well they don't give me some time finally the book sold and then I got a phone call from Dallas Texas this is Austin to the Car Wash Dallas yeah my name's Bill Galvin I said how you doing bil he says I bought your book he said it's good book and he said um how many you got I said 1,00 minus 12 and he goes I'll take the rest and I went who are you I made a mistake who are you he says I work for Amway and I was very
close-minded to Amway did do what I mean yeah because I don't need I don't and because of Amway my book went all over the world oh they put it out through their network but was a different system see businesses are systems this this system you know and Oprah call and the next thing you know I'm going who's Oprah because you know Marines don't watch Oprah I was I wasn't going to go on the program my wife grabbed me she says look you stupid so you're going on Oprah I said oh okay okay okay so I
fly to Chicago I go on the Oprah show next thing I'm famous and then Trump called so I wish I could say it was my brilliant marketing it wasn't so so what I'm V answer what I'm doing today I'm going to start a network marketing system to teach capitalism throughout the world we mistakes Robert thanks for being on dead Saves America thank you thank you keep up the great work I appreciate that