#172 Rich Dad, Poor Dad Author Robert Kiyosaki on Attaining and Keeping Wealth
Tom Bilyeu's Impact Theory
05/19/20
•39m
About
Comments
Featured In
On this episode of Impact Theory with Tom Bilyeu, Robert Kiyosaki discusses how his experience in the Marine Corps prepared him for business and investing, and explains what people need to do right now to build wealth during a severe recession.
This episode is brought to you by:
Impact Theory University: university.impacttheory.com
Blinkist: Go to https://blinkist.com/impact Try it FREE for 7 days and save 25% off your new subscription.
Helix Sleep: Get up to $200 off all mattresses at https://helixsleep.com/impact
SHOW NOTES:
There are no average people, and no good one size fits all investing advice. [1:48]
Robert asks, “Where is your soul? Where is your spirit?” [5:45]
Robert predicts that we are going into a real economic depression [9:17]
Robert advocates never choosing security, and building resilience [11:15]
Robert talks about how important it is to actually test your soul and become stronger [15:36]
Robert describes some of the influencers and teachers that he admires right now [18:37]
The most important thing you must do to succeed in finance is rewire your brain [20:38]
Robert explains why you need to have an entire team in order to succeed [22:23]
Robert shares the impact he wants to have on the world [26:25]
FOLLOW ROBERT:
WEBSITE: richdad.com
INSTAGRAM: https://bit.ly/2X3BAZW
FACEBOOK: https://bit.ly/3cyUONC
TWITTER: https://bit.ly/2WWWtWR
Are You Ready for EXTRA Impact?
If you’re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you.
Want to transform your health, sharpen your mindset, improve your relationship, or conquer the business world? This is your epicenter of greatness.
This is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day.
Subscription Benefits:
- Unlock the gates to a treasure trove of wisdom from inspiring guests like Andrew Huberman, Mel Robbins, Hal Elrod, Matthew McConaughey, and many, many, more
- New episodes delivered ad-free
- Exclusive access to Tom’s AMAs, keynote speeches, and suggestions from his personal reading list
- You’ll also get access to an 5 additional podcasts with hundreds of archived Impact Theory episodes, meticulously curated into themed playlists covering health, mindset, business, relationships, and more:
- Legendary Mindset: Mindset & Self-Improvement
- Money Mindset: Business & Finance
- Relationship Theory: Relationships
- Health Theory: Mental & Physical Health
- Power Ups: Weekly Doses of Short Motivational Quotes
Subscribe on Apple Podcasts: https://apple.co/3PCvJaz
Subscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://impacttheorynetwork.supercast.com/
Learn more about your ad choices. Visit megaphone.fm/adchoices
Previous Episode
In this episode of Conversations with Tom, Ray Dalio and Tom Bilyeu discuss the current severe recession and the debt crisis that preceded it. And while Ray does advocate planning for the worst-case scenario, he also offers a powerful reminder that you don’t have to do this alone.
This episode is brought to you by:
Impact Theory University: university.impacttheory.com
NETGEAR: Learn more about Orbi WiFi 6 at netgear.com/bestwifi
BLUblox: Go to blublox.com/impacttheory for 15% off your order or use discount code ImpactTheory at checkout.
SHOW NOTES:
There’s a pattern to history, but some things only happen once in a lifetime [0:41]
Ray discusses debt crises and the problem of money creation [1:29]
The Federal Reserve is part of the government but outside of politics [5:38]
Money is digital. So how do we know it’s going to be of value? [7:37]
Ray talks about the large wealth gap and the rise of China [10:04]
Look at your income, expenses and savings, and then do a stress test [12:31]
Ray advocates intelligence and non-antagonism in politics [17:07]
Ray discusses the success of FDR in dealing with depression and debt crisis [19:47]
Ray strongly advocates for the virtues of a complete education [22:38]
Tom and Ray discuss the importance of skill acquisition [27:35]
You don’t need to make your decisions in your head. You can ask others. [33:56]
No one is going to come to save you [36:32]
You’re better off knowing that you don’t know than believing you know when you don’t [39:06]
Tom talks about the need for people to aggressively get educated and acquire skills [43:04]
What you don’t know is greater than anything you do know [47:42]
Ray is extremely curious, and he loves learning about the world and then betting on it [50:24]
When Ray was 12 years old, he started investing with his earnings from odd jobs [53:32]
Ray thinks the decline of the US empire will be manageable [57:11]
Ray advocates again planning for the worst-case scenario [59:57]
FOLLOW RAY:
WEBSITE: principles.com
INSTAGRAM: https://bit.ly/2zokFsZ
FACEBOOK: https://bit.ly/35PZHzi
TWITTER: https://bit.ly/2YTYmGc
Are You Ready for EXTRA Impact?
If you’re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you.
Want to transform your health, sharpen your mindset, improve your relationship, or conquer the business world? This is your epicenter of greatness.
This is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day.
Subscription Benefits:
- Unlock the gates to a treasure trove of wisdom from inspiring guests like Andrew Huberman, Mel Robbins, Hal Elrod, Matthew McConaughey, and many, many, more
- New episodes delivered ad-free
- Exclusive access to Tom’s AMAs, keynote speeches, and suggestions from his personal reading list
- You’ll also get access to an 5 additional podcasts with hundreds of archived Impact Theory episodes, meticulously curated into themed playlists covering health, mindset, business, relationships, and more:
- Legendary Mindset: Mindset & Self-Improvement
- Money Mindset: Business & Finance
- Relationship Theory: Relationships
- Health Theory: Mental & Physical Health
- Power Ups: Weekly Doses of Short Motivational Quotes
Subscribe on Apple Podcasts: https://apple.co/3PCvJaz
Subscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://impactt...
Next Episode
On this episode of Health Theory with Tom Bilyeu, recognized neuroscientist Andrew Huberman details the science behind successful strategies for life change.
This episode is brought to you by:
WHOOP: For 15% off your order, go to https://www.whoop.com and use discount code HT at checkout.
Better Help: Get 10% off your first month at https://betterhelp.com/impacttheory
NETGEAR: Learn more about Orbi WiFi 6 at netgear.com/bestwifi
SHOW NOTES:
Ultimately our thoughts are a choice [1:13]
The brain creates an abstract representation of everything that’s out there in the world [4:52]
There two pieces of your brain that are outside of your skull and spinal cord [7:23]
Viewing screens after 11 PM suppresses dopamine and punishes the brain [9:25]
Action in pursuit of a goal stimulates neural rewards [11:36]
Dopamine reward cycles can provide you with endless energy [14:21]
The reasons why it’s so important to celebrate small victories [16:25]
How to unlearn negative experiences [21:10]
Using lateralized eye movements while recounting negative experiences helps [25:01]
Forward movement is absolutely the remedy for trauma and fear [28:03]
Stress and agitation are meant to be triggers for action, not forms of suffering [31:31]
It’s not easy to suppress negative thoughts, but you can replace negative thoughts [34:21]
Always reward incremental steps that are about forward action [37:37]
Andrew explains hypnosis and why it works [40:08]
Andrew explains why slow, diaphragmatic breathing works so well [43:48]
Andrew shares the one thing he would have most people change in their lives [51:16]
FOLLOW ANDREW:
WEBSITE: hubermanlab.com
INSTAGRAM: https://bit.ly/2AEiQZr
TWITTER: https://bit.ly/2yg1NMy
Are You Ready for EXTRA Impact?
If you’re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you.
Want to transform your health, sharpen your mindset, improve your relationship, or conquer the business world? This is your epicenter of greatness.
This is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day.
Subscription Benefits:
- Unlock the gates to a treasure trove of wisdom from inspiring guests like Andrew Huberman, Mel Robbins, Hal Elrod, Matthew McConaughey, and many, many, more
- New episodes delivered ad-free
- Exclusive access to Tom’s AMAs, keynote speeches, and suggestions from his personal reading list
- You’ll also get access to an 5 additional podcasts with hundreds of archived Impact Theory episodes, meticulously curated into themed playlists covering health, mindset, business, relationships, and more:
- Legendary Mindset: Mindset & Self-Improvement
- Money Mindset: Business & Finance
- Relationship Theory: Relationships
- Health Theory: Mental & Physical Health
- Power Ups: Weekly Doses of Short Motivational Quotes
Subscribe on Apple Podcasts: https://apple.co/3PCvJaz
Subscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://impacttheorynetwork.supercast.com/
Learn more about your ad choices. Visit megaphone.fm/adchoices
If you like this episode you’ll love
Promoted