My thoughts on Robert Kiyosaki

what's up you guys it's Graham here so if you're anything like me you've noticed an unusually high amount of Robert Kiyosaki videos being recommended right now on YouTube like it seems as though every single time I open up the homepage this is a fresh new Robert Kiyosaki video just waiting for me glaring at me right in the face just begging for me to watch it so naturally I go and click on one of them to give it a chance and then that's YouTube's signal to all of a sudden open up the floodgates and start showing me a bajillion other Robert Kiyosaki videos exactly like it but besides my fascination for why Robert Kiyosaki just seemed to have randomly appeared out of nowhere on YouTube gathering millions of views between more than a dozen completely unrelated YouTube channels that have featured him over the last two months I'll admit I was curious about what he had to say or potentially what he had to sell so naturally I did what I'm best at which is researching these things and watching a lot of YouTube videos and from that I spent the last two hours watching almost every single Robert Kiyosaki video that was being recommended by the YouTube algorithm to get to the bottom of this and figure out what's going on and that of course is what I did and this is what I found I first want to preface this video by saying that I really enjoyed his 1997 classic Rich Dad Poor Dad reading that book as a young teenager completely changed my outlook on the aspect of buying assets not liabilities and getting your money to work for you he was able to articulate that in such an effective way that it's very easy to see why that book was such a big hit and now 22 years after that book was published we start seeing him on YouTube a lot first of all it's hard not to notice that in every single one of his videos he does his best to polarize the rich versus the poor as if they're two totally separate species with the poor being the lowest form of human existence just check out all of these titles do this now or continue to be poor or the speech that broke the internet exclamation point exclamation point exclamation point keep them poor exclamation point you will never be poor again start doing this today rich versus poor mindset okay now I will admit titles like that on YouTube you get clicks there's a reason why all of the youtubers out there including myself make funny faces in the YouTube thumbnails and then combine that with a title that leaves you half scratching your head half wanting to figure out the answer to what's keeping you poor like if you go and title a video the history of wealth inequality in the United States no one is going to watch that but on the other hand if you title the video do this now or continue to be poor and yeah I'm going to click on it click right now the school makes students poor PhD expense report helpless and desperate the riskiest thing you can do is go to school learn from a fake future put your money with financial planner work hard to make money and pay a lot of taxes like I don't even know where to begin with this am i watching the introduction to a Michael Bay horror movie or a knockoff Breaking Bad series but thankfully it doesn't take long to figure out that within the seven minutes of the video the real takeaway I got from it that you need to do right now otherwise you'll be poor is to buy his book fake money fake teachers fake assets because the entire video never really specified any actionable advice beyond what you could get from a brand-new entrepreneur Instagram page who post hustle memes all day not to mention that there were some very imaginative assumptions made in the video like this one some of the biggest fake douches all those financial planners but telling to him you know to save money why would you save my time the government's printing money not to mention this one and you look at all the pensions of the schoolteachers firefighters all guys with 401ks they're all bankrupt because Wall Street stole their money from them I think that he thinks we're living in a parallel dystopian universe where everything is reversed because history has shown that a twenty year holding period in the stock market has never once produced a negative result so alluding to putting money in the stock market over 40 years could lead to bankruptcy is quite didn't jump to make doesn't really make sense to me but anyway I digress the rest of the video is moreso geared around limiting beliefs and mindset shifts and self education which I agree does have a place when it comes to building your wealth but in terms of practicality I didn't see any information that actually dug deep enough to leave a long-standing impact and to me the entire video was a lot like trying to scratch an itch with a feather so anyway there you go I just saved you 7 minutes and 2 seconds on a video that now has over 114 thousand views in less than 24 hours but if that wasn't enough let's take it up a notch because if you start doing this today you're never gonna be poor again 3.9 million views I never want to be poor ever again so I'm gonna click on the video and watch it they don't want what we know out there they'll never get those on CNBC when our school system will never tell us that is their part of the closet fake money big future take that okay so this one looks more like a Michael Moore documentary on how authors promote their Amazon books in 2019 as seen in the description rated smash the like button if you haven't done that already for the YouTube algorithm but seriously the entire video is really just a subtle mention for the book even from the interviewer literally reading from the book to lead the discussion in the video the book starts and it says line number one saving money will make you rich but here's the thing though I acknowledge that within the clutter of all the dystopian financial assumptions and fear-mongering within the video that there is some decent advice sprinkled throughout which is obviously enough to keep the viewer watching until the very end my disappointment however was that none of the advice was actionable and more so based on a frame of mind like which people don't pay taxes they buy assets and they buy cash flow it's a lot like teaching a nine-year-old the basics of managing money and then telling them okay now you go out and do it and then you're just left kind of thinking wait what sure the general concepts of the video makes sense like schools don't teach you how to be wealthy and think for yourself and smash the like button buy my book but at the end you're just kind of left a little bit confused like you don't really know what's going on well I'll tell you because maybe these videos just keep getting better hopefully because this next speech by Robert Kiyosaki broke the internet so just a warning if your internet just suddenly stops working out of nowhere you know why and by the way I just love in the description how it says they don't want you to see this who are they and why don't they want us to see this video and how does this magically break the internet so many questions and we will need some answers let's go right now and find out oh by the way I notice now that it's the same interviewer as the last video so I figured I would just point that out one eternity later okay so I just sat through the entire video and it seems like it's more so of an updated infomercial for Rich Dad Poor Dad but finally eight minutes and 20 seconds in he tells us exactly who doesn't want us to see this video I'm going to tell you it's the rich people they want to keep you poor bike keeping you in school and teaching you how to get a job and teaching you how to work as an employee for the rest of your life do the rich people cringe and say don't tell them that right yes I mean I gotta say it doesn't really seem like much of a secret I can't imagine the Rockefellers just sitting there pulling their hair out over the contents of this video just being like Robert why did you tell them about this they weren't supposed to know but thankfully though my internet is still working which means that we can watch one last video called the shocking truth about your future featuring none other than the same interview guy from the last two videos I just want to know how many times this guy's had to sit through the exact same interview and ask the exact same questions and react the exact same way to the exact same answers so many questions because I got to say from my perspective after watching these four videos back-to-back they're pretty much the exact same video just repackaged with a different title like in almost every single video he mentions this exact same bit about not being able to afford something let me show you they never say I can't afford it ask yourself how can I he says everybody can say I don't have money I can't afford it he says that's why he's poor but when they say I can't afford it or I can't do that they go down not to mention his stories are just eerily similar to one another with a few key details just mildly changed like take this story for instance I'll just let you watch it what gives you the right to teach rajput entrepreneurship this is I have a master's degree in entrepreneurship I say hey Doug you and I have been friends for a long time you've never started a business you're a fake teacher but I have all the answers and then now in this video he has the exact same story except it's his accounting teacher I said are you an account he goes I have a master's in accountancy I said that's not the question are you an accountant I have a master's in accountants give it are you an accountant same answer as a you're a fake you don't know what you're talking about I don't know Who am I to assume any of this maybe he just likes becoming argumentative towards unprovoked teachers but given that he's alluded to his rich dad just potentially being a fictional character built to be a representation of an overall mindset rather than an actual human being I think it's safe to assume that maybe just maybe that these stories are also just a fabrication to prove a point rather than an actual event that took place but again this video just seems to rehash the exact same words stories and mindsets as I saw from pretty much every other one of his videos but in Roberts defense I will say this Rich Dad Poor Dad was an absolutely transformative book for me when I read it in my freshman year of high school if even for just the purpose of being able to distinguish the difference between an asset and a liability the fact that he was able to articulate such a complex topic in such a way that children and young adults would be able to comprehend and internalize was very impressive and for that I'm grateful and when he says our school system has failed our entire generation I agree with him and I think he's right not only is the cost of education just way too expensive but schools don't teach you financial education they don't teach you how to make money they don't teach you how to save money on your taxes they don't teach you how to think objectively and find your own answers and if anything I think schools are too structured to a fault my school's keeping your focus within such a narrow confines and by guiding you throughout the memorization of useless test answers they teach you more how to follow someone else's instruction rather than instead make your own independent decisions so it's no wonder that we have people who literally can't operate without being told what to do when to do it and how to get it done hence from that they train people to become employees and despite the repetitive monotonous tone of the videos when you watch them all back-to-back there is some actual decent advice sprinkled throughout like this one that I really like and agree with so every time I make let's say a million dollars as an entrepreneur I immediately invested in real estate I have a four to one step up so I put a million dollars in real estate like at four million for the bank that's why I love banks but the banks are screwing everybody else but anyway despite that for anyone wondering why Robert Kiyosaki has suddenly just come up a lot recently on the YouTube algorithm it's obviously very apparent that it's a push towards his book sales especially when most of these YouTube channels just seem like broad compilation channels that feature him out of nowhere all conveniently around the same time which I admit is an effective way of marketing so I can't blame him or fault him for doing what works but implying that savers are losers and the dollar is worthless and that investing in the stock market long term could lead to financial ruin it's a bit of a stretch and I personally believe that fear-mongering is not the best way to go about doing things but again that's just my personal opinion and overall from all of this my thoughts on Robert Kiyosaki have really just not changed I think he's got some pretty good general life advice and general business advice that's good for just giving you a kick in the pants if you need it to start thinking maybe just a little bit differently but beyond these simple basics and I just don't see it I would really like to see more practical actionable step-by-step advice rather than just vague broad concepts and I think that's where the disconnect stems from and let this be very clear for the record I enjoyed the book Rich Dad Poor Dad even though I disagree with his philosophies on saving investing in the stock market and buying gold we could just agree to disagree on this one and that is my thoughts on Robert Kiyosaki so with that said you guys thank you so much for watching I really appreciate it if you haven't already subscribed make sure to subscribe I post three videos a week Monday Wednesday Friday so if you want to be a part of that hit the notification bell so you know defies you every time I post a video also feel free to add me on Instagram I post there pretty much daily so if you want to be a part of it there feel free to add me there and then finally add me on my second channel it is called the Graham Stefan show I post there every single day that I'm not posting here so that means if you want to see me every day on YouTube a brand new video go and add me there so with that said thank you again for watching and until next time

Channel: Graham Stephan

Views: 1,811,574

Keywords: robert kiyosaki, rich dad poor dad, robert kiyosaki real estate investing, real estate, real estate investing, real estate investing for beginners, real estate investing 101, real estate investing with no money, how to invest, how to invest in your 20s, how to invest in real estate, how to invest in stocks, investing in your 20s, investing for teens, how to make passive income, passive income ideas, how to make 100 per day, how to make money online

Id: sd9w8Zc-QrU

Length: 14min 10sec (850 seconds)

Published: Fri Aug 23 2019