"I Got RICH When I Understood THIS" — Robert Kiyosaki

I'm kind of wondering why are there so many poor people I'm very concerned I'm actually a big-hearted guy and it's all these poor people and the Gap gets bigger and bigger and bigger between rich and poor it is soing easy to get rich and if you're poor and you really got some screw boost up here so listen to this thing so I'll tell you how I came about it this here is a 1964 in 1964 I was 17 years old this is a Kennedy half dollar and it was thank you because in 1964 the last

year of a silver coin and then America started to with our money so in ' 65 you pick up this little silver coin it was now copper and I didn't know it I'm a dumb sh high school kid in Hawaii flunking out of school not very smart I carry for money I carry two bags sometimes I carry three bags just to make some money I'm look at this damn thing going why is it copper so 64 was silver 65 was copper I didn't know it at the time cuz I just curious the American government was

violating gresham's law gresham's law states that when bad money enters a system good money goes into hiding and for thousands of years every government has tried to do this yeah I want to with our money I'm 17-year-old kid looking at this thing going this one's silver and this one's copper ER they so at that point I got excited I'd go and caddy i' run down to the bank I take the crumple of the dollar bills and I get rolls and rolls of quarters dimes and half dollars and I pull out all the ones again Gram's

law I'm pulling out all the ones with copper in them and I put it back into the little wrappers I take it back to the bank then I carries some more and then I go I get the little rolls of dimes quarters and half dollars and I'm saving this I got this huge bag of pure silver a lot of times in my talks today I'll hold up this coin here I'll say this is0 50s and this is let's pretend it's $10 which one do you want and the average person always goes for the $10 well

the $10 when you go for that they're violating gresham's law this is worth more than $10 because it's pure silver so that's how I started as a kid I just started saving this stuff I didn't have to go to college I didn't go an MBA on collecting coins I was just kind of interested in it I had this big bag full of real silver coins so then I got a congressional nominations to Naval Academy and merch Marine Academy I had bad grades but I wasn't stupid so I took King's Point in New York merch Marine

Academy in New York and I came home from Christmas Vacation and my bag of silver coins was gone I still remember looking around okay who's the thief here the thief was my mother I said Mom where's my bag of silver coins she goes oh all that trashy stuff I spent it and a lightning bolt went through my head I went w I didn't know it again it's Gram's law good money goes High when bad money ERS the system I realize poor people don't know good money from Bad money my family has know but good people

you trash on your parents I am they don't know about money I'm not interested in money the love of money is the root of all evil or maybe evil to you but I like it so here I'm busting my ass catting you know trying to get my silver coins back that's how got started I was just curious so guess what today I have tons of silver and when I was collecting the stuff it was 10 cents today silver is 35 bucks an ounce now did this thing get more valuable or did the dollar go down

did the purchasing power of the dollar come down or did this go up but dollar is coming down so I'll say it again the reason poor people are poor like my mom and dad most my family they don't know real money from fake money they don't know what gresham's law is they work for fake money today in America America they're printing 1 trillion fake dollars every 90 days let me ask this question how long is a trillion how big is a trillion so if I was going to spend $1 a second how long it would

it take me to spend a trillion dollars $1 a second would take me $ 3,688 years to spend a trillion dollar and as we talked this is November the elections a couple days from now either Trump or come out will get elected not that it makes it any difference with money but they're printing a trillion dollars and the reason the gap between rich and poor is getting wider is because poor people don't know what real money is today I have several tons of silver I own the Silver Mines I own several tons of gold I

own the gold mines I own 71 Bitcoin I'd rather have 71 Bitcoin than $71 but the difference between rich and poor reason this Gap gets bigger and wider and more dangerous because people are getting desperate they're poor they're living on credit cards now we're in serious trouble cuz poor people don't know what money is they violate gresham's law they work for fake money oh I got to pay raise I'm making 100,000 a year Well 100,000 this year was not worth nothing but you're working hard for money so that's why if you read Rich Dad Poor

dead 26 years now number one book in history says the rich don't work for f F money Rich Work to acquire assets silver is an asset fake silver is a liability and it's as simple as that other thing that happens is when they print money the rich get richer so when they print money more fake money comes into the system so because I own silver and gold mines I own businesses I own real estate I have all that because I have real assets goes up I get richer but if you have fake assets like fake

silver dollars sck you lose money that's the reason the Gap gets wider and wider it's really easy to get rich all you got to figure out is how do you want to get rich I've often said there's a million ways to go to financial heaven but a billion ways to go to financial hell and I'm really a stupid son of a I mean I'm not very bright so I flunked out of school but I just know if I save these or if I save Bitcoin or if I save gold I'd be rich I just don't

work for fake money it's that simple when our government I'm not saying Trump or Kam or all that stuff is better we still print too much money when you print money the rich get richer because we have real assets and the poor get poorer because they have fake assets that's the biggest difference of all it's really easy to get rich find the way that you want to get rich by there's a million ways I said I like silver I like gold I like Bitcoin and I like real estate I don't about stocks I don't think

about bonds I'm a pretty stupid guy but I just invest in what I like period and then I don't get all confused by all these naysayers and those YouTube gurus going these guys are talking about silver only one question said how many tons do you own what do you mean tons I got you know got a little stack this big I said a loser man how many tons have you got the only way I got smart is I like silver I want to get more of it then I got gold then I got real estate

then I got Bitcoin invest in what you love you too shall get richer this gap between rich and poor is because poor people don't know the difference between real money and fake money I want to talk to you about how to think richer it's really tough to get rich if you think like a poor person and we all know poor people they're all over the place so I'm going just show you something here this here is a gold Rolex Daytona the younger people have no idea what Daytona means but this was Paul Newman's watch and

all this stuff and I own four daytonas they go oh what a waste of money that's how a poor person things why do I buy a $50,000 watch let's say it is and gold rings and all this well the reason is because a national debt of America is through the freaking roof we're going bankrupt the way America with our politicians the way they solve their problems is they print money one thing wrong with printing money the rich get richer and the poor middle class get poorer fr's law says when bad money enters the system good

money goes into hiding now here's a 50 cent piece Kennedy half 1964 so when bad money enters a system which is the bad money this or this see AG Gram's law says when bad money enters a system good money goes into hiding this is bad money this is real money so what happens is when I show this to most people most people say which one I said which one do you want the $10 or the 50 cent piece the average person young or old jumps for this but this is bad money the smart want real

money and the reason this happens is every time the government prints money which started in 1971 when Nixon took the dollar off the gold standard every time you print money the rich get richer let me say it again when you print money governments print money which are printing all over the world today the rich are getting richer because assets go up in value what else goes up in price are food eggs and stuff like this is so the rich get richer because they have real money but the poor in middle class get hammered because inflation's

killing them so you look at America today there have election coming up for the president and what's happening is inflation is killing people right now this is getting takes more and more of these to buy one of these here so you understand Gran's law when bad money enters a system this is bad money this goes into hiding so Republic Monetary Exchange here in Phoenix this isn't hiding this 50 cent piece is worth a lot more than this so we're talking about why do I buy assets why do I buy real estate because when I use

debt debt is this fake money here to buy a house this goes down in value but the house goes up and down so that's why the smart people know how to use Deb to get richer because they use Deb to buy real assets and this gets worth less and less and less and less and less it's gression law when bad money enters the system good money goes into hiding when bad money enters the system the rich buy more asset like real estate land things like this so they get richer and the poor in middle class

get poor because inflation kills them that's Gran's law it's been around for thousands of years so I hold this up here 1964 real silver and this I say which would you rather have this 50 cent piece or the $10 the rich will take this poor middle class will take this let me explain this when you print money the price of assets go up like my apartment houses go up the price of oil goes up and things like this so what happens is you print money the price of oil goes up but so do the cost

of a chicken because a chicken takes gas to get it to the supermarket so you go to the supermarket why is this chicken $10 today whatever it is I don't pay attention to that stuff but we're printing so much money today this here the solid gold watch I've been buying gold since it was $50 an ounce that's why I own gold mines I don't like to fool around with too much I have real gold I can take it I can feel it it's in a private fault hidden in some Mountain not too far from here

but the reason why I buy this gold watch let's say it cost $50,000 5 years from now what will this gold watch be worth see if gold today is let's say $3,000 and the prediction is gold is going to go to $115,000 so that's a five timer so the reason I buy a gold watch I can buy a cheap ass Swatch watch or a time mix or whatever it is for 50 bucks I some of those too by buying a gold Rolex I'm not saying do it I'm just telling you how I think and how

poor people think oh I'm going to get myself a cheap ass Apple watch no right Lefty Apple person would buy a solid gold Apple watch you know cuz it doesn't fit their genre but when I buy this thing here I get to wear my asset on my wrist cuz it gets more valuable the more our government is up the more they print money the more valuable is not the watch it's the gold in the watch so I'm just saying to you that is how I think and I was trained to think that way but a

poor person they want to buy something that's nice looking but inexpensive and that's why they're poor you know some people will buy like I see women with these very expensive handbags I hate to tell you this the only place that's going to be good for is a Salvation Army thrift store but they have a some Gucci bag or something whether they got Gucci shoes or whatever they have but there's nothing wrong with wearing your assets on your wrist or gold earrings because it's not the earring it's the gold so if you can understand that the

reason poor people are poor as they think if they get something for cheap they're smart but they're really poor so ladies and Gentlemen people talk about mindfulness now Buddhism is mindfulness what are you saying to yourself oh I can get by living this or I can eat cheap food or I can do this remember this this is the rule when the government prints money assets go price up in price the rich get richer but the poor get poorer so when you print money the price of gasoline goes up I get richer cuz I own oil

wells the poor in middle class get poorer cuz putting gas in the car it's also taking gas to get that chicken and toilet paper to the supermarket so that's what's going on in America today and the biggest problem as you know is that most of our leaders lot of them are School teachers like tampon Tim Walls who ran with CA he's a college professor something like that the governor don't hang out with poor people it's a waste of your time My Poor Dad smart guy and all that pours a church mouse he wanted everything that

was inexpensive rather than something that was valuable not the price but what is the long-term value of what you're buying today I'm taking delivery on a new car not that I need a new car but it's a very rare car so I get to drive around a very rare car that only rich people can afford oh such a waste of money I'd rather drive around my Toyota Prius okay that's fine you get from point A to point B but you get richer no that's the problem so the problem isn't the Toyota Prius or my new

collector car coming in problem is how you think so ladies and gentlemen it's called mindfulness be mindful the question is are you thinking like a rich person a poor person or a school teacher