Rich Dad got Caught

he finally got caught the world's biggest Finance Guru claims rich dad taught him to be rich real estate Rich hey there's an author missing on the back of this book well for the first time ever I have hard evidence his whole story although wild is fake because because I was a happily married fat beta man well simp no what hold that thought this is the untold story of Robert Kias and it is ridiculous it took over a month for me to put this together but I found out the truth the real Rich Dad the real

Poor Dad the real author how they all got rich the big lie but does it even matter this is a hidden camera investigation people thought they were buying Rich dad's real story his Secrets but turns out it was just a sales pitch for courses that cost how much our Advanced Training ranges from 12 to $45,000 and if we question him if you guys are not happy about what I'm saying leave 45 Grand in 2010 Money how did they pay for that so he orders us to call our credit card companies right away and get our

limits raised then challenges us to go big ask for 100,000 he even hands out scripts telling us what to say on the phone some script I just put 100 Grand on a credit card so the report it goes up like hey but my dad says is there any risk to raising my credit card cuz I my dad always told me were you here while I was doing all this or you were up no I was here I was here but I know my dad has always said to me it's not a good idea to have

it too hard is your dad wealthy it's okay do what I tell you to do do it do what I tell you listen you want 45 Grand from a sucker start with don't no don't talk to your dad about this he's he's a poor dad a loser give me your money I'm your new Rich daddy the Rich Dad speaker says he sold a mobile home for 32 million profit but the reporters drive out to it in Saskatchewan and nothing's there so the reporters go to Robert and say why you rich dads always lying he says

not fair my partners hired some fake Rich dads not fair well I don't mean attack I'm just looking for answers from people speaking to it's not fair but then another hidden camera investigation just 3 years later found out this now one of those stories involves a 75-year-old widow in Missouri who took out a second mortgage for the $35,000 cost of a rich dad seminar she later filed a lawsuit that was settled with no admission of liability I think it cost us about $155,000 we could have found all the information they gave us in book from

Barnes & Noble at least he can afford to laugh about it that's not the case for Robert Maurice of Tennessee Maurice and his wife later filed bankruptcy the company without admitting liability agreed to pay the AG $500,000 plus another 194,000 in restitution to victims who attended seminars nor was there mention of this one of kosaki companies's Rich Global filed for Chapter 7 bankruptcy last year after getting hit with a $23 million court judgment I really think that that would have been a nice thing to know yeah that would be nice to know the real Robert

kosaki story and I have it here for free before you take out a second mortgage see kosaki divided the world into Rich dads we'll say alphas and poor dads his dad he calls them losers but this is what most people have a go to school get a job get a 401k and save money loser those are his betas and I I know it's dumb that's an alpha a vicious young elephant seal but you'll see why this whole idea destroyed him but why would you portray your own father as a poor dad a beta loser my

real dad or my biological father was the head of education for the state of Hawaii I call him my poor dad simply because he was a high paid government official he made a lot of money yet at the end of every month he was broke broke at the end of each month why Ralph kosaki had four kids that's why people with four kids don't have money or dreams or Ambitions kosaki means pure in Japanese and Robert your father was pure right he was a school teacher I hate school but why you I hate school I

hate [Music] school you want to be a Marxist okay forget it I was saying kosaki you're Japanese even the most beta baby Japanese man will explain to you that they would fight you with a katana for even suggesting they call their father a poat beta loser your father was the head of Education of all of Hawaii the trouble with academics is are fakes ran for lieutenant governor as a as a republican you call him a socialist the moment my Dad Poor Dad declared he was going to run for lieutenant governor as a Republican which proves

how stupid he was in Hawaii cuz he should have he should have registered as a communist he' been a lot better in Hawaii that's not cool don't call your dad stupid that's another beta move it's just you academic system a communist just like my poor dad was actually a Marxist you know cuz he never read The Communist Manifesto but he believed in teachers union okay but Dr kosaki didn't just believe in unions he became the head of all of Hawaii's teachers union that's gangster it sounds like your dad was an Alpha Rich Dad Hawaiian legend

or was he a very bad man to you when I was 15 years old I had a bad year I was failing in school they to they threatened me the school system thre threatened me they said I was a stupid kid I wasn't going to mount to anything you know I was going to join my sister's class because they're going to set me back and all this and here's my dad the top educator in the whole Hawaiian system and he looks at me like this and all he says is to me is screw he says

don't let them ever take your spirits son he says in my eyes you can never fail I will love you always I will always love you he says screw him you're no different than anybody else this is a scene right out of Forest Gump when they tried to kick him out of school and his mom says you are no different your boy's different his IQ 75 and then she did scroom literally to keep her slow child in school your mama sure does care about your schooling both Forest Gump and Robert kosaki would go on to

achieve great wealth despite these cognitive setbacks but make no mistake their parents made great sacrifices now the only quote I could find from Robert kiyosaki's first ex-wife was about his Poor Dad in my mind he was not the Poor Dad his spirit and heart were Rich he was a true Alpha nothing like the beta son I married okay I added the beta part and that's it's actually Robert Lee Bobby Lee he's not even Japanese but watch he knows what it feels like to have a boy portray you as a beta publicly you're you deep down

are able to become Alpha but you oh I'm not Alpha no right now if you what am I what would you could describe me as beta yeah beta you think I'm a yeah basically yeah it's unfortunate you had potential you ever had a 17-year-old call you a little no I didn't I'll be honest with you no and it hurt be so angry now just imagine that little beta [ __ ] was your son only Dr kosaki was already in heaven when Robert started portraying him as a Poor Dad loser beta when this book came out

still hurtful so in Rich Dad Poor Dad he gives Rich Dad credit for all his financial success but in his first book he acknowledges 10039 people and not a peep about a rich dad Robert's top dedication in the book on how he got rich was his Poor Dad only he's not poor in this book he's the best teacher I ever had Rich Dad Poor Dad was radically different almost like a different person wrote it question how old were you when you became a millionaire I don't really remember I was just it wasn't even in our

minds you know my my best friend and I both met at Xerox 1974 and we just push each other along and today we're multi-billionaires so you're a billionaire in debt yes I'm a billionaire are you sure and he just folds no I'm actually a billion dollars in debt and nobody forgets when they became a millionaire Robert tell us how did it happen you remember these here these are nylon and velro Surfer wallets when I was 26 I began marketing these products worldwide and that's how I became a millionaire before I was 30 he tells Oprah

Surfer wallets at age 26 made him a millionaire before age 30 but his book said says he didn't even start business until 1977 he was already about 30 at least 29 and 3/4 not 26 but by 1978 the surfer wallet business was already out of business that's what he didn't tell Oprah he lost his money he later sold t-shirts but that business went belly up [Music] too and when he says he lost his money take a guess on who funded his early business was it his Poor Dad who supposedly struggled to save just a few

dollars yes Robert swore it couldn't fail but it did and his father said nothing about his life savings and only asked what he learned from the lesson Poor Dad Robert how much did he lose a few hundred bucks so raise another $100,000 for my poor dad My Poor Dad second mortgage his house he's a good guy my dad was rich dad turned me down he say why should I give you money you're an idiot you know it's just you have a bunch of crooks as partners which was true 100 Grand around 1978 that's like a

trillion dollars today I don't care how he got it 100 Grand cash back then was rich this book should say Rich Dad D gave me so much money I'm beta but by 1981 Robert lost everything and it had jeopardized my father's property Robert don't you think that's uh pertinent info that you made Poor Dad Poor but Robert says it was the best thing to happen because that's how he learned to be rich he has a point and this is what I don't get about poor people today if you're poor just ask your Poor Dad for

like a 100 Grand 1978 inflation ask for a mill today ask your Poor Dad for a Mill and learn to stop being poor Now Rich Dad Poor Dad different story in 1978 he was a top salesman at Xerox Tech money they were apple and Microsoft combined back then he was investing in real estate and starts making more cash from Real Estate than he did at his high paid sales job and that's Fu money he didn't need to work anymore that's how he got out of the proverbial rat race at an early age but Robert are

you sure it was real estate in 1978 that's how you got rich when I was just 9 years old my Rich Dad began to teach me how to become a real estate investor and that's how my real estate investment career began with that simple education and lessons from my rich debt and that is why I was able to retire in 1994 at a relatively young age of 47 because of the simple investment steps my rich dad taught me you know the problem with property records is they're public so if Robert was a Real Estate Mogul

Forbes would know but Forbes reported no one has ever documented vast reserves of wealth prior to the publication of the book Rich Dad Poor Dad in 1997 so if it wasn't real estate in 1978 and it wasn't Surfer wallets in 1978 like he told Oprah because he wrote he lost all his money in 1978 when did he get rich he's been making millions since 1984 says it right there Rich Dad Poor Dad question then Robert why do both you and your ex-wife say you were nearly a million dollar in debt and sleeping in a Toyota

Celica in 1985 and there's nothing wrong with a Toyota Celica I had one fantastic car but why not spring for a more spacious 1985 van if you've really been making millions since 1984 there's just no need to make your wife sleep in a little car seriously though what would you do homeless 1985 you're nearly a million dollars in debt it's obvious kiss ak's author bio on Amazon says in 1985 he founded an International Education company to teach people the secret to wealth but Robert founder you were founder is that true uh you started a firm

called money in you yeah yeah yeah yeah yeah I didn't start it I was just teaching for it exactly so you you're basically teaching about financial education but you know at that time what really made you know made you qualified because you had two businesses is that ultimately you know you shut down but you're teaching people Finance so I started I I I was a little student teaching the game teaching from another Stu another instructor and I was just teaching games via I mean teaching via games encouraging people to make mistakes so my my biggest

lessons was learning from people I thought were smarter than me like the accountants and the attorneys and they turned out to be Crooks you I mean was my lesson because I thought like my poor dad was a PhD I should listen to him but he was poor okay just to clarify your business has failed and you were just a money Inu teacher student turned teacher teaching the lessons of crooks that's how that's how you got rich you weren't a Founder it's just a little confusing because your bio says 1985 founder and then your Audi book

specifically says the co-founder of the accelerated learning Institute whose work began in 1978 which only adds more confusion because how do you found a company in 1985 that started back in 1978 and I actually found an old ad from 1990 that accelerated with an ex was the company behind the money Inu course his first book even says accelerated co-founder on it the money and you program did in fact start in 1978 but its Founder's real name was was Marshall Thurber an attorney teaching accounting Robert remind us uh about the lessons you were teaching so my

my biggest lessons was learning from people I thought were smarter than me like the accountants and the attorneys and they turned out to be Crooks ah yes the lessons of crooks like attorneys and accountants attorney Marshall Thurber was Robert's teacher at money and you starting in 1980 but he wasn't always a crook Robert wrote next to my father he was the best teacher I Ever Had The Accelerated branding was just their teaching method they used accounting games to teach about money gee I wonder where Robert got the brilliant idea to make an accounting game to

teach about money and then the brochure that would go with it but who's this on this old ad DC Cordova I was attending the first business school for entrepreneurs of his kind which my mentors Mar Thurber and Bobby depor created that I was 1978 By 1979 when I was 29 years old I was already running a company DC Cordova quickly became the CEO and owner of the accelerated brand including money and you now CEO Cordova what was it like to be the little partner of this giant just Alpha leader named Robert kosaki actually how does

it feel the fact that he was my partner I'm the one that invited him to be my partner Robert was just a a little businessman when he did money in you and then he was such a good Marine so we made Robert publish his first bestselling book called if you want to be rich and happy don't go to school okay yeah apologies that makes more sense CEO Cordova is definitely Alpha DC Cordova inherited all the intellectual property in 1985 became the owner and brought Robert on not as a Founder but as a partner she called

him a hungry dog and that's because she's the alpha CEO Cordova made Robert the face of her Australia expansion and he had Charisma everything was going fine until October 1993 when an Australian news show it's like 60 Minutes aired a hidden camera investigation and blew up the entire business it's disturbing watch to me uh I have been subjected to brainwashing and uh I think if I was it would be pretty close to what it what it would be like the ones who go on to take the next program The Next program The Next program uh

look more and more like a destructive cult member James was one who could not walk away so what is this this is the money and youth seminar yeah he went from one course to another he took it into his business his family and sold it to his friends what is going on here in the end his family spent $20,000 having him exit counsil by Steven Hassen stop 20 20 grand for courses in the '90s no wonder his family probably a Poor Dad ruined everything with an intervention that happened because I was effectively controlled by the

use of neural linguistic programming on a on a very intense daily basis I wasn't keeping contact with money in you because I didn't have to I'd taken some of the some of Robert kiyosaki's best friends and put them in my business I had money you on tap on a daily basis in my office I don't know why I'm here most of the time you know it seems like one one day I just sort of 1985 I said take me great spirit so show me where to go and I wound up here in Bondi now this

investigation only confirms Robert was making lots of money as a teacher in 1993 everything blows up and just a year later he claims he retired in 1994 age 47 but from Real Estate and business but here's the proof of how Robert kosaki actually became wealthy and it's nowhere to be found on the internet it's hidden in a book and not a very good one I have become wealthy and financially independent through teaching I was financially able to retire at age 43 solely Sol through my earnings as a teacher I often earn more in a week

than many teachers earn in three years and he talks about making millions throughout the book this is a done deal not real estate when I was just 9 years old my Rich Dad began to teach me how to become a real estate investor and that is why I was able to retire in 1994 at a relatively young age of 47 because of the simple investment steps my rich dad taught me not business solely through teaching proof just a student turned [Music] teacher there's something really disturbing here in the book that I got to mention he

found a communist boy well Robert you tell it when I was in Vietnam I had a chance one day to shoot a little boy he was a Vietcong in my aircraft and I grabbed the kid and and he was about to he grabbed me like this and what he did was he bit my hand and he kicked me right here and I all of a sudden I got really quiet I just pulled my gun out and I heard the Marine Corps saying to me sh just Sho a little you know what all of a sudden

I looked in his eyes and the kid started to cry when he realized I was going to kill him at that moment no you can't just the little boy for kicking you he wrote it was the code of war no there is a code of war and that would be a horrific War crime in fact 18 us code 2441 says if you can't fight a small child and even put pressure on on the trigger they kick you out of the military for being too beta that even today they do that and then you just walked

away like you went awall a serious crime and at that day on I refused to fight again for the US military Robert I'm just going to ask you straight up were you a liar because this story makes no sense no I mean I told you the story I got court marshal for lying so I sat there one day I almost V I couldn't stand lying anymore so I said I said Captain Abram I said I'm going to tell you the truth and the reason was I I was an entrepreneur I got caught like one of

my first things I got caught at is I was flying women in my helicopter the second time I got caught I was flying women in my helicopter drunk and when they opened up my helicopter I landed back at the Marine Corp Airbase in Hawaii the first thing that fell out were my beer cans and then I fell out at the end of that I said how many years will I get and he just spiled at me this little Jewish Captain he looks at me he goes you're free congratulations honorable discharge Son thank you for telling

the truth you'll have an honorable discharge in 6 months and that day on I refused to fight again for the US military one of the hardest decisions I ever made and that's when I learned Vlad one of the most important lessons in life the truth can set you free and ever since that I'm kind of a stickler on it when I catch somebody lying I get a little bit upset you know shocking a failed Robert kosaki business involving serious fraud lying and people getting screwed entrepreneur you you think these women actually paid him money did

they at least keep in touch with you well after I couldn't fly him into the deserted islands in Hawaii my sex life was none sad they used him but uh why didn't Robert and the Communist boy because now he brags about the commies I a lot of people oh my God not funny but I did you know I said play a cash flow game you better play the game I mean what the wrong with you his money new book was about transformation but listen to this this is how his first book ends Dr kosaki had

always believed that his son was only interested in money he had thought that Robert's strive for wealth was selfish and that he was uncaring about the world's problem this this is his own son however after reading the book just before he died nobody's able to refute this now he changed his opinion of his son but what if he didn't Robert's show is called Rich Dad radio show but Robert you're not a real dad why I'd be a terrible father that that was the main reason you know I'm I'm a US Marine rain I wouldn't want

to have a so like me as a dad so I mean that's the honest got truth FL I am you know both my dads were tough guys most kids can't take it in a bunch of snowflakes today what if his father really was a tough guy looked at the book and said this is about selling money in you isn't it I should have never gave you money you B and then an Australian news investigation talks about a cult destroying people for money on on a cult in some respects only that's not true it wasn't a

cult Colts isolate the family Robert's first book elevated his great father all wrong no no no Colts start with is your dad wealthy listen you have a Poor Dad don't talk to him do what I tell you to do and then cult leaders make you call some weird dude your father take your money and that's why cult leaders are always Rich dads but was rich dad even real when asked in 2002 kosaki replied why don't you treat Rich Dad like Harry Potter of course we all thought Rich dad's fake but then he died Richard Richard

wasman Kimmy's 2009 obituary revealed he was the original Rich Dad and Rich Shard was rich just one of his properties is now called the Hyatt Regency W Kiki Hotel some of the most expensive real estate ever now this book says working hard is for cavemen for fools but Rich Dad's obituary suggests Richard grew up poor Great Depression poor worked at his father's store did construction side hustles worked hard every day and built his first hotel with his hands Hotel hila Circa 1955 wait don't expect similar results and go out and buy a trailer park and

Saskatchewan on your credit card just yet the first jet arrived in Honolulu shortly after in 1959 and created one of the fastest growing tourism Industries in the history of the world which skyrocketed property prices throughout Hawaii you want a couple Honolulu Acres now $55 million but that's poor people Acres way cheaper than Rich dad's yiki strip and that was just where one of his hotels was he didn't just work hard in the right industry he hit the human Lottery Robert are you sure he started off poor so just wrap this up the lessons I learned

from Rich Dad for me the biggest thing was that he wasn't Rich when we met him when when Al and I were kids yeah you right that's what his obituary suggests it's just that I wonder about these self-made men like who is Rich dad's father the newspaper on the day of the grand opening of his first hotel hotel Hukilau August 18 1955 it paints a slightly different picture it congratulates William J Kimmy not Richard Kimmy as the owner of the hotel Hukilau who started the project in 1945 and invest invested $200,000 it's like a trillion

dollars in today's money his son Richard Kimmy that's rich dad was present but not as the owner but as the son of the owner who made him president of the new hotel Richard Kimmy's father was William J Kimmy a senator and successful businessman including the owner of an impressive Hotel chain Rich dad's dad was rich AF this this book could be called Rich son how to become rich start off with a powerful Rich Hawaiian father during one of the largest real estate booms the world has ever seen you still want to put 100 Grand on

your credit card for a trailer park in Saskatchewan anyway Allan aka Mike what did you think about Poor Dad total beta loser right yeah um Dr Ralph was very straight arrow very RCT very re very respectful to Robert's mother and they were they were a family unit that I didn't have because my parents got divorced early so I loved hanging around at the kiyosaki's house plus the food was good no Poor Dad provided a family unit Rich Dad couldn't afford and the respect he calls him Dr Ralph and now Rich dad's not a good guy

in the book there's a reason he didn't want to be in it everyone in town thinks he's a crook a greedy crook including Dr Ralph kosaki he exploited people he exploited Robert screwed them out of money he says people exploit themselves but it was tough love he was teaching Robert lesson one the rich don't work for money Robert please clarify why you were always getting exploited by him and finally we took the dollar cuz we're so desperate we've been we' gone like a month without any money but at the final we took the money and

he was laughing he was just laughing off I said why are you laughing he said most valuable lesson you can have so what's that says if you need money you'll always work for Less good lesson and I never forgot that lesson so even when I had no money nobody knew I had no money good lesson somebody send this secret to the children mining Cobalt for iPhones in the Congo world hunger solved maybe he was just laughing because he was just a mean old man exploiting children for fun but uh how did Rich Dad make the

most profit ever in his career they found the guy with a bulldozer because all of the military was there with bulldozers and Rich goes just have him give him $200 and push it into the ocean and that's how they cleared the land I mean there's story after story after Story of whatever it takes and he's a great example of that and as alen said they're up and running in seven months they that was the most profitable time of their entire career listen to them they're just all giddy about destroying a Hawaii beach hurricane and Nikki

hit in 1992 at the time the most powerful hurricane to ever hit Hawaii and while other hotels waited for resources Rich Dad just pushed a destroyed Hotel into the ocean and look I'm no environmentalist I tend to side with Ron Swanson's philosophy my idea of a perfect government is one guy who sits in a small room at a desk and the only thing he's allowed to decide is who to Nuke but now I can't because environmentalists can just say what about Kimmy pushing Hotel HS into the ocean Jeremy you still want to be libertarian destroying

the reef glass Nails rebar you know what happens when a little Hawaiian boy falls on rebar on a rocky Beach not good regulations government regulations plus it's very hard for a tiny boy to pull rebar out of his own stomach now Robert you were technically Court marshal for lying but you stole a military helicopter drunk and had women pay you supposedly facing years in prison how did Rich Dad help you and and the and I went to ask my Rich Dad I said would you mind speaking out of me and the family said no and

I want you to know something vad the rich don't tell people what they know so there is a rich dad when I asked him if he would help me he says no so that's that's what really happened and so I wrote Rich Dad P out and then Oprah called wait Oprah no how how did his story end what about the plan did Rich Dad win at life he started with nothing so his plan was to buy a whole section of Wy ke Beach and he bought it so today it belongs to the family but the

second generation was my my best friend and I the third generation was his son guess what son squandering it it's gone the third generation lost it all because they didn't learn the skills required to build it that a good time plus oh really that's the moral of this story what are we doing here be a rich dad and your grandchildren will squander it all with what why'd you really write this book the real the the fact of the matter was I created this board game called Cash Flow yeah and I couldn't sell the board game

so I had to write a brochure and the brochure I wrote was Rich Dad Poor Dad so so the real fact of the matter is cash flow is about accounting Rich Dad Poor Dad is a book on accounting and if you ask him it's just him alone in the desert bored writing a book on accounting years and I just wrote cuz I had nothing else to do otherwise I'd watch TV Sharon how did you write Rich Dad Poor Dad when I wrote it I was determined to write it where we would take the complex subject

of money and make it easy to understand so that was the goal I wrote as I speak so that people didn't get turned off by grammar and that type of thing and it was actually written as a brochure to promote the game behind you oh really wow yes I met Robert at a beta test of the game and I had already built a comp Global brand of talking children's books and during that process he told me he wanted to charge $200 for the game and this was 1996 so that's pretty pricey maybe you should write

a brochure that explains a philosophy that people can read and then they're willing to invest the money in the game and that's when he asked me to be his partner and that brochure that we wrote together was rich at ped that's Sharon Lecter she worked at a top accounting firm a real accountant imagine that writing a book on accounting and look it says Robert teacher Sharon businesswoman a writer too she published a woman's magazine and then became the publishing executive Rockstar that uh you know those talking Elmo books the Elmo Sesame Street books you can

thank her for that advisor to Presidents Obama and Bush she's obviously Alpha and look at her LinkedIn it says rich dad found found ER not co-founder and CEO Robert wasn't the CEO she ran the show and was responsible for the growth of the largest personal finance brand so I took him for nine years to one level got him prepped up and he called me on the phone when he met Sharon because she was going to be the one that took him to the next level and she's sharp I saw a Grant Cardone interview she treats

Finance gurus like toddlers they got some debt in college should they pay their debt right now should they pay their debt off first that depends you're an accountant you know that's our favorite response it depends on their personal situation Robert's first book was repetitive painfully slow inconsistent smelled a little commi but this book it's concise has a clear voice bestseller for over 25 years and it smells like a CEO Alpha wrote it and obviously no Alpha woman calls her own dad poor Robert kosaki was willing he had Charisma he's he's what other alpha female leaders

might call a hungry dog it wasn't possible without her there's no way and uh I think by removing her name he loses all credibility Sharon also just happened to co-write 15 Rich Dad books what a coincidence and Sharon was the publisher for the first million copies of Rich Dad Poor Dad selling him right out of her house a million copies that's on heard of how did you pull it off you find somebody that's already in that geographic location and they can take what you do and spread it in their world it's win-win lesson one the

rich don't work for money but she's too smart to say who is working for free who'd she exploit rumor has it that Amway promoted the book made it a bestseller to promote multi-level marketing Amway paid $56 million after being accused of a pyramid scheme to exploit people Rich Dad would say they exploit themselves but other than this old video of kosaki promoting mlms there's zero proof online that he became rich and famous off the back of this pyramid scheme I found nothing and I can find stuff unless Robert is there uh something you want to

add in your old age was the interview with Oprah is that what kind of put it over the top that was one of them but I was already on the bestseller list so when I published Rich Dad Poor Dad nobody would buy the damn book book and I was very much against network marketing you know pyramid scheme all the things they say about it so my friend told me to shape up and shut my mouth and go check them out so when I checked out network marketing I said oh my God they're doing what my

rich dad told me to do is learn how to sell so in my little book Rich Dad Poor Dad I put Network mark an asset is a network marketing assets liabilities I said you build a network marketing building it's business an ass and guess who bought the first book an Amway distributor that's why I love old people they just don't care anymore so the goal of a pyramid scheme it's like what Rich Dad preaches it's it's the goal of an alpha elephant seal the alpha battles to get to the top hurts nearly everyone below him

exploits them and takes all the spoils for himself he screws literally almost all of them now they say that's just doing business business is risky but an FTC study on their website found it's not comparable to business and less than 1% of MLM participants profit Alphas take it all everyone else below them gets screwed problem is human Alphas aren't real I know I've been a sarcastic prick the whole Alpha Beta human thing it's not real because humans must also earn trust and respect or people will re B against any leader communist academics call it Social

Capital people must believe the little guy is also being helped at least a little or they turn on you so it's 2007 Rich Dad Poor Dad is flying off the shelves mortgage brokers are using the script take on debt to sell people bad loans listen Tim Dylan was actually one of them listen so the reality is this we're taking the biggest loan possible de Mr papus will set you free now sign this piece of paper for Christ and then uh we sign papers then you you go but how do you get the loan from the

bank P you go to bank I said Kelly we got one and Kelly I said Mr papus and his wife Britney's from Long Island they want to go buy a piece of marble hunk of sh and Kelly has got Coke running down the nose from last night she's got a double toll nonfat latte from Starbucks nonfat she's not kidding debt will set you free and then they all go bankrupt a year later in 2008 In fairness Tim says they exploited themselves a little nobody is forcing you to just take hundreds of thousands of dollars but

Sharon you were making millions in 2007 why' you quit at the top well we were partners for 10 years and I chose to leave because he wanted to go in a direction that I didn't believe in and it was a great direction for us he wanted to go into franchising so it was very profitable for us not very profitable for the franchisees so I could not in good stad stay there but it had become a very difficult couple of years because you money just brings out more of who you really are and so I made

the decision at the height of our success we were making million dollars every month but I said I just couldn't stay stay there so we have not really been um in communication other than it took a few months for us to get the valuation of the company and then our amicable split turned not so amicable so we were in litigation for a year and um settled so you know in essence I was able to walk away the way I wanted to and then 11 years later he sent me a letter of apology but other than

that we haven't really been in communication he be you know he he tend to be he can tend to be a bit volatile so Sharon accused Robert of transferring millions of dollars in cash to cheat her out of payments she settled in court for $10 million in payback as for being volatile you know Robert wouldn't do that if you read my books cuz I don't think you have I read I in 1971 the US dollar became debt the US dollar is the reserved currency of the world I don't know if you know what that means

it be what does it mean it's very dangerous for everyone no it does and it's not covered in anything it's the only value has it I don't really want to do this interview anymore if you want to find out what I know or tell me what you know then don't interview me just you you do your own stupid show uh Robert what was the reason you don't pay your honest debts well one of the things you say is that the poor pay their bills first the rich pay themselves first you know that richest man in

Babylon says pay yourself first but what most people do is they pay their bills first and they never pay themselves anything and that's a discipline I had to get into was I was pay myself first even when I had no money and when have all these bill collectors calling me I use them as inspiration you know what I mean really oh what one one of Rich dad's core lessons is pay yourself first he told Oprah that from the rich but it's it's from the richest man in Babylon Robert did you did you even if you

read my books cuz I don't think you have did Robert even read the book you know one of my favorite books was the richest man in Babylon are there any books out there apart from yours of course that you really admire and have really changed your life that's a very good question because again I I read those books and I didn't get much from it I was student of Buckman Fuller oh okay well that that makes sense I mean you probably shouldn't have made it a Core lesson but before people take out 100 Grand on

credit card debt they might want to know the real story the richest man in Babylon says no man can respect himself who does not repay hon his debts also he must take care of his family that they may think and speak well of him like you know don't call your Dad Poor Dad after taking his life savings the book is actually about being honest and now that you know that Robert how do you feel about paying back your honest debt that's I'm a billion two in debt because if it if I go bus the bank

goes bust not my problem you know what I mean no I do I I do know what you mean after Sharon quit in 2007 things spiral which is odd because Robert is a just a business genius but uh things spiral there was this news investigation where Robert blamed his partners for everything people feel that it's more a big S pitch to spend more money on Rich Dad than actually getting a basic education in real estate well it's I agree with what you're saying and it is it is a challenge for me he agrees but they're

what these guys are doing they're not my company this is a rich dad seminar branded Rich Dad so if you're happy to take their money you should be happy to answer some of their concerns man' I will I will definitely look into it I promise you that but the partners Learning Annex the company that hosted the Rich Dad semin minars comes back and they say actually Robert didn't pay us over $23 million of honest debt the courts say pay up but after making $45 million Rich Global LLC only had $1.8 million in their Bank total

they file for bankruptcy Robert can you talk about where all the money went you were just in one pocket and where' the rest go I'd really rather not okay I mean what what we're talking about it was just a political move bankruptcy is a way of getting out of a bad situation but everybody thinks of it as terrible it's just a strategic move so if you want to know about it call mying attorneys well fair enough we're all friends here well you you have been very public about how this all somehow turned you into a

beta your wife left you've talked about it on a lot of cool guy podcasts can you at least talk about that so I've had many horrible Partners it cost me $30 million to get rid of my last because there are scumbags now this is where my wife stepped up and where I didn't Rich she cleaned them out I didn't really care how much they stole mhm but my wife did and Kim she's a you know she's a beautiful blonde she's she's thin but she's not weak and she went in and fired them all she cleaned

house and that's and that's when she cleaned house with me too okay yeah I actually believe that clearly these women are all Alphas they took advantage of you and you're not fooling anyone but uh how how are you getting back how are you getting back to Alpha did you go through beta tization through a thousand concessions yes it's not not cheating her that counted it's I stopped chasing Excellence she never did I was pushing you know double XL polar shirts and 40in waist and I'm a marine you don't do that and so today I'm down

to a 32 in Waist on a 40-in chest I'm in the stack like you say 5 days a week now and I'm making more money I'm working harder as you say the more I chase act the more women I have oh no Robert this is where things went all wrong your whole life you got it all wrong elephant Alpha seals are actually very big and fat and they destroy everyone else for mating the females literally can't get away from them the alphas are just too fast humans are different they can just walk away slowly and

if they think it was all about money for you they'll just slowly walk away with all your money too at the first chance they get the only reason getting rich and fit worked for Forest gum his love Jenny came back was because she was poor and had AIDS and wanted to take advantage of a cognitively impaired man but Robert don't think that's all it takes Forest Gump also had a heart of gold built a lifetime of trust and paid back all of his and even though Bubba was dead and Lieutenant Dian said I was nuts

I gave Bubba Mama B oh I forgot to mention the most important part of all of this there was a critical warning in the richest man in Babylon I wish you read it Robert if you're not honest you don't build that honest trust you don't respect your family you don't pay back your honest debt your wife will leave you and you will be forced to leave Babylon because you will be beta and everyone will know it the end