I'm here with a couple entrepreneurial
legends kim kiyosaki how are you Robert
kiss I done rich dad poor dad rich woman
how many books have you guys sold
worldwide estimated well just wish to
add Porter alone is estimated legally
produced pirated copies 33 million 33
million seven years on New York Times
bestseller list but who's counting who's
counting no big deal talk to people
about why network marketing is such a
good entrepreneurial decision in the
crazy landscape that we deal with in
today's economy well as we know those
people and fewer jobs American
corporations say they're hiring but
they're not hiring at America to hiring
overseas but more than that is that
there is I endorse network marketing is
most people who are addicted to the
paycheck and the paycheck is one of the
most sinister plots ever pull upon a
human being if you need a paycheck
you've sold your soul you know you sold
your body your mind your spirit and your
emotions you sit there and fear of
losing your job or can I get a raise or
you know will I get promoted I mean and
then and then why would you do that
another thing about we endorse network
marketing we don't think of it as a
network marketing we think of it as
entrepreneur development because if you
need a paycheck this is not your
business you know we build businesses so
sometimes when Kim and I do a deal we
may not receive a paycheck for five six
years you know and so these guys come go
get rich quick you know and some people
do I don't know you do or not but that
is an employee get rich loser mindset
and so the thing that network marketing
does is really kind of cure you of the
loser paycheck
rich quick mentality and actually build
a business you know we build businesses
well and that's how we're rich but we
didn't get rich quick and I don't need a
paycheck I never want a paycheck so
that's kind of a revolutionary thought
to most people up there who went to
school to get good grades and get a job
you know they get a high-paying job for
them a higher paying job you you pay
higher taxes and you wonder why you
never get a hit that's because you went
to school to get a job and a paycheck
you've got to get away from the paycheck
and sometimes it may take 2-3 years to
get away from that and that's what
network marketing teaches people it's an
entrepreneurs mindset to entrepreneurial
spirit not a loser employee I need a
paycheck mentality I love that I love
that the fact of the Paycheck being evil
it's evil well just look at the tax
system just the people that have pay
have paychecks pay the highest taxes now
why would you do that when if you had a
little financial education you had a
business the tax laws swing to your
favor immediately you if you have you
have a full-time job without saying quit
your job keep a full-time job you know
this start a part-time business and then
call your account because the moment you
start a part-time business the tax loss
shift to your favor so all of these guys
who are crying the blues I paint too
much in taxes because you're a loser
you're working for a paycheck get it you
know a check what you want is passive
income you know you want income that
comes from assets not from labor it's a
very different mindset so if you want to
get rich quick that's a bad mindset yeah
you know what my thing too about that
entrepreneurial mindset is because I see
a lot of people and their their comment
is I don't have an I don't have any
money I can't do this because I don't
have money I can't invest it on and
money I can't feel the business because
I don't have any money yet by not having
money because when we started out we
didn't we start oh I was down eight
hundred twenty thousand bucks you know I
mean that's a lot of money to most
people my friend Donald Trump was down a
billion didn't stop us we just keep
going and that's the point we did
have money to start up as we didn't have
money to invest but it didn't stop us
and we kept figuring it out and because
of that we made us smarter it made us
more creative we had to figure out how
to get the money we had to figure out
how to sell ourselves and sell our ideas
I mean not having the money actually was
a benefit but so many people are afraid
of not having money that they don't keep
it and and the very skills it takes to
be a great entrepreneurs is required in
network marketing you've got you start
with nothing you're asking people to
work for no pay check and you have to
build a business your hardest task in
network marketing is taking that loser
need a paycheck mentality and
transforming it if you can do that
you'll be successful nothing is easy but
that is your job and the reason Kim and
I endorse network marketing is because
unemployment keeps going through the
roof wages keep coming down and we keep
saying to our kids go to school get a
paycheck and the risk we're killing our
kids that way we're killing the spirit
you need a paycheck every time you take
a paycheck you sell your soul to sell
your mind you sell your emotion to sell
your body and your time and your time
wall same thing anyway that's why we
endorse it and for America to go back to
prosperity or the world to go back to
prosperity we need more entrepreneurs we
don't need any more employees get it yes
you actually saw your freedom yeah I'm
sell your freedom yeah that's the
biggest part that people talk about
financial freedom they don't know what
it's like to not need a paycheck the
moment you don't need a paycheck you're
free and that's doable what if you lose
everything well we didn't have it in a
start we can make it back again it's
about the skills isn't it because it
will make you say it's it's not about
having resources how money or investment
to start it's about being resourceful
it's what you find a way as an
entrepreneur you find a way you don't
have enough money to to get your
inventory you find a way you solve that
problem you don't have this or that you
just find a way that like when you're
eight hundred thousand in debt you find
a way when Donald Trump was a billion
dollars in that he found a way you know
confidence self-assuredness all of that
so it just really kind of cracks me up
and is not funny but it's kind of cruel
but it's also funny you know you go why
would you sell your soul for a paycheck
when you can pay tax exist if you build
a business you make more money and don't
pay a tax but it takes time and once you
have it it's like riding a bicycle once
you learn how to build a business and
not afraid of losing the business
anymore because if you take it away
you'll do it again it's like with a
bicycle you fall down get back up a
people have never fallen down never
wrote a bicycle never learn to walk
you're always afraid of losing that
paycheck that is sold your soul yeah so
one working together is amazing too with
what's going on in the world working for
a paycheck is sin sane is a bad game
it's a bad old idea it's an old old idea
that I employees are industrial age
ideas and I wrote that book this is a
21st century this is the 21st century is
your entrepreneurs you build business
and you work for passive income not you
know we call that paycheck income
paycheck in kill yeah we got to come up
with some nasty name for that what's
called is called ordinary income
ordinary the three kinds of income
ordinary portfolio and passive and
employees were ordinary when you save
money that's ordinary income when you
invest in a 401k its ordinary income get
the biggest loser's I mean they teach
you to be the biggest losers go to
school get a job work hard for ordinary
income save money order their income and
invest in a 401k ordinary income you
gotta be nuts and and when and when
you're building a unit work marketing
business you are working for passive
income because you're and once I got
that idea of getting changing my mindset
from focusing on ordinary income on my
paycheck and income coming in from from
work to passive income then they totally
different and the government gives you
tax incentives for passive income
because you're doing what the government
wants you to do like provide jobs and we
build houses and we also invest in oil
wells we need oil but if you put your
money in a savings account a 401k they
tax you
I think that's funny why would you do
that why would you say that good go to
school work hard save money and invest
in a 401k I guess axed to death before
we turn the cameras on you talk about
people going back to school yeah he's a
huge rise in in in college debt well let
me show you these charts okay this is a
chart called Salome Salome is like
Fannie Mae Freddie Mac and all this
other stuff but Sallie Mae shows the
cost of college debt is going up it's
now over a trillion dollars college debt
is worse than credit card debt and I
won't go into why but caught but college
yet is now higher than credit card debt
but worst of all look at this next chart
you'll see wages of college graduates
are going down that's pretty cruel so
these kids the parents are saying the
kid go back to school the parents go
back to school they get deeper in debt
and their wages go down and this next
chart is even more disturbing what
you'll see here is a chart of what's
happening to the middle class middle
class income is going this way not this
way and then the last chart with a
second to last chart is this this is the
chart of working poor so where are the
words middle class going there now in
the working poor and this is food stamp
usage over the years food stamp usage
keeps going up these people are good
people hard-working the trouble is they
don't make enough money to survive now
the good news is there are perfect
candidates for network marketing you
know something like this but you look at
what's going on in America so people are
on food stamps now or you can just go
entitlement program and pay no tax at
all that's going up also so America is
in a mess but the biggest threat I think
coming up is social security as well
guys my age look at Social Security it's
now bankrupt it is today bankrupt and
many people say oh I'm going to count on
Social Security is it a missile kind of
the Easter Bunny or Santa Claus you know
I mean you've got to wake up and so this
is a very last chart this is the
national debt of America you know it
just keeps going up so if you're going
to school get a job working hard saving
money counting on 401 K clothes and
security I think the government going to
take care of you
emails are bet on Santa Claus
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