In excerpts from a YouTube video transcript featuring Robert Kiyosaki, he discusses the state of the global economy and the lack of financial education in traditional schooling, arguing that this deficiency is impacting both individuals and governments. He contrasts his "Rich Dad" philosophy, which focuses on acquiring assets that generate income and leveraging debt strategically, with the traditional "Poor Dad" mindset of working for money and saving, which he sees as flawed in the current financial climate. Kiyosaki also critiques standard financial advice and institutions, advocating for a deeper understanding of concepts like cash flow, assets, liabilities, and the historical impact of printing money, and sharing personal anecdotes about his own investment strategies and the importance of seeking financial teachers.
Source :
Dad Saves America
YouTube Channel
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