BiggerPockets Real Estate Podcast - Robert Kiyosaki: "Rich Dad Poor Dad" Author Predicts a Crash

Robert Kiyosaki is arguably the most influential author in the finance, real estate, and investing space. His book, Rich Dad Poor Dad, has sold over thirty million copies and has been translated into forty different languages across forty different countries. Since its inception in 2002, Rich Dad Poor Dad has become almost every investor’s favorite book, prompting them to get out of the rat race, pursue financial independence, and teach them everything Robert’s “Rich Dad” taught him. Robert has seen numerous housing cycles, including crashes, booms, and busts. His knowledge of micro and macroeconomics is astounding (to say the least) and he has some strong predictions for the future of real estate investing and the global economy as a whole. We talk about capitalism, marxism, communism, inflation, debt, assets, liabilities, and everything in between. This episode is not only crucial for anyone who is a fan of Robert’s books, board games, and videos but anyone who truly wants to learn the game of real estate. ~~~~ Join The Official BiggerPockets Facebook Group 👇 https://www.facebook.com/groups/biggerpocketsofficial/?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Get Tickets to BPCon 2021: https://www.bpcon2021.com/?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Join BiggerPockets for a Free Entry to Win the BiggerPockets Bundle: https://www.biggerpockets.com/signup?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Grab Robert’s New and Classic Books: Rich Dad Poor Dad: https://www.biggerpockets.com/richdadpoordad?utm_source=youtube&utm_medium=description&utm_campaign=none Capitalist Manifesto: https://store.richdad.com/products/capitalist-manifesto CASHFLOW Quadrant: https://www.amazon.com/dp/B0175P5MZU/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1 ~~~~ Learn More About Robert: https://www.richdad.com/ ~~~~ Listen to Ken McElroy’s Recent BiggerPockets Episode: https://www.biggerpockets.com/blog/biggerpockets-podcast-493-ken-mcelroy?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Follow Brandon and David on Instagram: @beardybrandon or https://www.instagram.com/beardybrandon/ @davidgreene24 or https://www.instagram.com/davidgreene24/ Episode 500 Show notes at: https://www.biggerpockets.com/show500 0:00 Intro 4:57 Quick Tip 8:02 Welcoming The 'Rich Dad' Himself 10:08 Robert's Start in Real Estate 13:09 Confusing "Rich" with "Greedy" 18:57 Writing (and Fighting) for Freedom 22:58 Assets and Liabilities 25:58 Inflation Concerns 28:26 Housing Market Crash Concerns 32:39 The Importance of Early Financial Education 42:12 The "Prom Night" Indicator 45:57 What's Robert Investing In? 54:33 Famous Four 59:57 All Coins Have Three Sides 1:06:19 Wrapping Up Robert's Interview