Latest / The Hannah Hammond Show / The Mindset Keeping You Broke | Robert Kiyosaki

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The Mindset Keeping You Broke | Robert Kiyosaki · The Hannah Hammond Show

• 0:00
  You've said that we're, you know, we're in a war now, the
• 0:02
  dollar is crashing and that the 2026 year that we're in now is
• 0:08
  the biggest financial opportunity that you've seen.
• 0:11
  So what is going on? When the price of oil goes up,
• 0:15
  civilization comes down. This war in Iran and Israel and
• 0:20
  America is a holy war. It's Christians and Jews versus
• 0:25
  Muslims, if we tell the truth. Yeah.
• 0:29
  And so holy wars are not holy, yet often times it's money and
• 0:35
  religion and politics that we fight for.
• 0:37
  So what can people do out there today?
• 0:40
  You know, maybe they have $10,000 saved up and they're
• 0:43
  scared of what's going on in the world.
• 0:45
  Is this the time to take advantage and and make
• 0:48
  investments? If you're worried about your
• 0:52
  money, it's maybe your education is lacking.
• 0:55
  And both seers said that 2026 was going to be a rough year, so
• 1:03
  I'm going to get richer. But if you're not getting richer
• 1:07
  and you're afraid, it could be your education is failing you.
• 1:11
  If this was like your last final message that you ever gave, what
• 1:17
  would you tell the world? Robert Kiyosaki, you're back for
• 1:22
  podcast #3 and a lot has happened in the world since our
• 1:25
  last conversation, so. Amen.
• 1:27
  Amen. Amen.
• 1:29
  I can't believe what's happening in the world, you know?
• 1:32
  I know and we we got to talk about it today.
• 1:34
  So I mean you obviously for those, if you don't know, Robert
• 1:38
  kiyosaki #1 financial literacy author in the entire world for
• 1:41
  30 years now, over 40 million copies sold international
• 1:46
  speaker and you've just changed literally probably 100 million
• 1:49
  plus lives and generations and how they think about financial
• 1:52
  intelligence. And you were the biggest impact
• 1:54
  in my life and the reason that I was able to go build wealth.
• 1:57
  And so you, you know, have millions of followers and
• 2:01
  there's so much going in. You've said that we're, you
• 2:03
  know, we're in a war now. The dollar is crashing and that
• 2:08
  the 2026 year that we're in now is the biggest financial
• 2:12
  opportunity that you've seen. So what is going on?
• 2:16
  Well, that's a big question, you know, because I just got back
• 2:21
  from Vietnam. I was AUS Marine and Vietnam was
• 2:23
  a pilot, but it's also a student out there.
• 2:27
  So most, most my generation, the babe boomers, they're a bunch of
• 2:32
  hippies, you know, Woodstock and all this.
• 2:34
  And when I was 18 years old, I was in Vietnam and that shaped
• 2:40
  my life. So a lot, a lot of life has to
• 2:44
  do in your formative years, if you know what I mean.
• 2:47
  So I kind of grew up in war. You understand that.
• 2:52
  And today when I see what's going on in Iran and Israel and
• 2:57
  America and oil, believe it or not, my, my college degree is in
• 3:02
  oil. I drove oil tankers.
• 3:06
  I'm a tanker officer. So that's why I went to school
• 3:10
  for then I joined the Marine Corps to go fight.
• 3:14
  And the battle in Vietnam was over oil.
• 3:19
  And people don't realize that oil is the basis of energy.
• 3:24
  Oil is civilization. And the when the price of oil
• 3:28
  goes up, civilization comes down.
• 3:32
  So that this war with this is what, March 2026, right now,
• 3:36
  this war in Iran and Israel and America is a holy war.
• 3:42
  It's Christians and Jews versus Muslims if we tell the truth.
• 3:49
  And so that's as a military officer and two tours to
• 3:54
  Vietnam, as we're talking on the way up here, Vietnam was started
• 4:00
  because there was Catholics murdering Buddhists.
• 4:04
  And so holy wars are not holy. Yet often times it's money and
• 4:10
  religion and politics that we fight for.
• 4:13
  So this is a very 2026. It's a very spooky year.
• 4:18
  And I'm concerned, personally, I'm going to get richer, which
• 4:21
  we're going to talk about. It makes no difference which way
• 4:23
  the economy goes. I'll get rich, but I'm prepared
• 4:26
  for it. So that's really what it's
• 4:29
  about. And I'm very concerned about
• 4:30
  this war. I hate killing.
• 4:33
  I killed a lot of people. I was a pilot, you know, it was
• 4:37
  a sterile war. I just came in and you could
• 4:40
  shoot from the sky. So I just got back.
• 4:43
  I was there two weeks, two or three weeks ago, kind of making
• 4:47
  peace because war is terrible. It's horrible.
• 4:52
  And being a pilot, helicopter pilot, had to pick up bodies all
• 4:56
  the time. And you see young men, you know,
• 4:59
  just blown to shreds. It stinks.
• 5:03
  You know, the guts are torn apart and all this.
• 5:06
  We still fly. We still get our job done.
• 5:10
  And the people I gave the most credit to was I'd pick these
• 5:13
  guys up on the battlefield of Vietnam and I'd fly to the
• 5:18
  hospital like there was ATV show called MASH, these field
• 5:22
  hospitals and these young women would come out nurses and they
• 5:28
  would drag these bodies off the aircraft and you go, wow, all
• 5:34
  you can do is like this and fly off.
• 5:37
  But we're we were fighting to serve our country and the same
• 5:41
  thing is going on in Iran. But it's really about oil
• 5:47
  because Vietnam was about arm and Hammer may not know who he
• 5:51
  was, but Arm and Hammer was Occidental Petroleum.
• 5:54
  It's always about oil. So if you understand that it's
• 5:59
  religion, mask with oil and money.
• 6:04
  And when the price of oil goes up, the poor and middle class
• 6:08
  get poorer. That's the ultimate thing I'm
• 6:10
  concerned about because I get richer because I own oil wells.
• 6:18
  But I don't like it that my friends and family is getting
• 6:20
  poorer because the price of oil goes up, price of food goes up.
• 6:25
  That's my concern. Yeah, yeah.
• 6:28
  And I think, you know, Elon Musk said that in the future, he sees
• 6:31
  the currency being energy, right?
• 6:34
  And oil is energy and it's the lifeblood of everything 'cause
• 6:38
  we, we are energy. That's what we're made of.
• 6:40
  And that's what it takes to operate AI especially.
• 6:43
  And so we see Trump going into Venezuela and, you know, doing
• 6:47
  all of that stuff there. And it sounds like it's a big
• 6:49
  energy war in addition to, of course, the holy war that you
• 6:53
  talked about. And so for those who are
• 6:57
  watching the video or our podcast, oil, if the price of
• 7:00
  oil goes up, you just said everything inflates, right?
• 7:02
  Because for your food to get to the grocery store, there's oil
• 7:06
  involved, there's oil for the machinery equipment, there's oil
• 7:09
  to get it to the store. It's like travelers.
• 7:11
  Oil too. Yeah, everything.
• 7:13
  And so that creates inflation. And so that prevents interest
• 7:17
  rates from being able to come down and try to get lower
• 7:20
  because lowering interest rates is also inflationary, right.
• 7:23
  And so oil is just such an important factor.
• 7:26
  And just like you said, you own the oil wells and so you get
• 7:30
  richer. So what can people do out there
• 7:33
  today who are, you know, maybe they have $10,000 saved up and
• 7:38
  they're scared of what's going on in the world.
• 7:41
  Is this the time to take advantage and and make
• 7:43
  investments in stock or in silver, gold, Bitcoin, real
• 7:48
  estate? Or you know what?
• 7:51
  What can they do when they're afraid right now?
• 7:53
  Well, if I could take a bigger picture, the reason I have
• 7:55
  tremendous respect for you, it's every time I call her up, you
• 8:01
  know, I mean, she's hot, gorgeous, but I also borrow
• 8:05
  money from. You.
• 8:07
  And she's smart with money. So the thing that I would say to
• 8:11
  people is if you're worried about your money, it's maybe
• 8:17
  your education is lacking. And that's my whole shtick is
• 8:21
  what the school teaches about money.
• 8:24
  You see, it really shouldn't make any difference.
• 8:28
  There could be a war, No war. I'm going to get rich.
• 8:31
  They control for oil, No oil. I'm still going to get rich.
• 8:35
  But if your education is lacking, you're afraid today.
• 8:41
  And I, you know, I sent you this video of Nostradamus, who was
• 8:44
  1500, and Edgar Cayce, which was 1940.
• 8:49
  And both Sears said that 2026 was going to be a rough year.
• 8:58
  And Ed, I mean, no shoot, almost was 15 O3.
• 9:01
  He said about 2026. Edgar Cayce said this in 1943
• 9:07
  about 2026. So I'm going to get richer.
• 9:11
  But if you're not getting richer and you're afraid, it could be
• 9:15
  your education is failing you. And that's why, I mean, I'll sit
• 9:19
  up front every time I talk to you, you're in class, You know,
• 9:23
  our friend Joe Polish is always, you're always, she's always
• 9:26
  studying. And I think that's what it's
• 9:29
  going to take is you're going to keep feeding this, you know,
• 9:34
  otherwise you don't feed this. So that's why tremendous respect
• 9:37
  for you is that. And on the drive up here, we'll,
• 9:40
  we'll look at a couple of deals, right.
• 9:42
  So if it was just just telling me about investments, I don't
• 9:45
  anything about. But anyway, it's about your
• 9:48
  education. Yeah.
• 9:50
  And you're always studying, and I'm always studying.
• 9:54
  That's the difference. Oh, and I love.
• 9:55
  That's why we always can talk so all the time, like non-stop.
• 9:59
  And because you love to teach and educate and learn.
• 10:02
  And I love learning, yeah. Same.
• 10:04
  There's a couple of points I I wanna make that you've taught
• 10:06
  me. One is it's skills that make you
• 10:09
  rich, not money, right. So so that's the the one.
• 10:13
  And then what was the other one? That I was just gonna say that
• 10:16
  now I'm forgetting. Oh, your, your net worth is your
• 10:20
  network. And so you have been amazing at
• 10:24
  building this incredible network and this incredible team around
• 10:27
  you. Just like you said, you know,
• 10:28
  I'm analyzing an underwriting commercial real estate and we're
• 10:31
  helping with financing and things like that.
• 10:33
  You've just known this is what I do best.
• 10:36
  This is the skills I'm developing so I can make more
• 10:38
  money and then I'm able to build this incredible team around me
• 10:42
  who can go out and they're all specialists and experts and you
• 10:45
  don't have to. And I think that's a
• 10:47
  misconception that so many people have as they think how do
• 10:50
  I have to do it all? And really it's who not how
• 10:54
  right having the skills to be able to go build that those
• 10:57
  networks of the specialist who could who can go help you and
• 11:00
  implement and make you big returns.
• 11:03
  Well, just look at it this way. You know, like I said, with this
• 11:05
  war on, and I went to school for oil.
• 11:08
  My first job was with Standard Oil.
• 11:11
  My first protocol was Valdez, Alaska, where the oil spill was.
• 11:15
  I didn't hit the reef. The other guy hit the reef, but
• 11:19
  it it's your network of friends. So just last week my friend
• 11:25
  Kenny McElroy calls up and he, he did a refi refinance of
• 11:29
  apartment houses. So he gave me $1.6 million tax
• 11:35
  free and that, well, how can you get 1.6 million tax free
• 11:41
  education? It's debt.
• 11:43
  So we borrowed out the equity. He gives him this money.
• 11:47
  I don't need the money, I need a deal.
• 11:51
  So I called my friend Mike Marcelli, who was an my oil guy,
• 11:57
  and I gave Marcelli the $1.6 million so I can own parts of
• 12:04
  his oil well. So again, it looks like it's
• 12:07
  money, but I met those guys at seminars.
• 12:12
  You know, I'm I'm looking for people who are active learners,
• 12:17
  not warriors. You know, I'm worried about
• 12:19
  this, I'm worried about that or you know, I'm I'm the love of
• 12:23
  money is the root of all evil. And I'm like, oh God.
• 12:26
  So you are your friends. That's what it comes down to
• 12:30
  that your networking net worth. Who are your 5 closest friends?
• 12:34
  So Kenny gives me 1.6 million. I call Masali up as soon as
• 12:38
  yours. So that pumps another, I think
• 12:43
  $200,000 into my pocket a a year, a 200,000 a year is not a
• 12:48
  lot of money, but it helps pay a few bills.
• 12:51
  Yeah. And then we're looking at that
• 12:52
  deal with a streetman deal. It pumps like how much 2. 281.
• 12:58
  Yeah. Yeah.
• 13:00
  But those are my network, my friends, you and my friend and I
• 13:05
  call you and say I need some money.
• 13:06
  He goes, we can get you the money.
• 13:09
  OK, So. And it's and you know, I'm, I'm
• 13:11
  good for the money. And if you don't have the money
• 13:15
  and you're worried about the future and 2026 worries you, it
• 13:20
  could be your education is lacking.
• 13:23
  And what are you going to do about it?
• 13:25
  You know, hope that Trump saves you, or the Republicans will
• 13:28
  save you, or the Democrats will save you or God will save you.
• 13:32
  I mean, you got to save yourself.
• 13:34
  Get educated. Yeah, it's so important because
• 13:37
  that's it. It's like if you have $1000 in
• 13:39
  your bank account, we've been there.
• 13:41
  You know you've been bankrupt or living in your car.
• 13:44
  I've never been bankrupt. I've had no money but never been
• 13:47
  bankrupt. OK.
• 13:48
  Yeah, you, you had had no money or gone through really tough
• 13:50
  times and you're when you first started businesses when you were
• 13:53
  young, right when you had trying to to start businesses and be
• 13:57
  successful. Like we all go through failures
• 13:59
  and that's how we learn and we have to improve our skills and
• 14:01
  our education to be able to go be successful in the next
• 14:05
  endeavor that we do. And so it's like investing in in
• 14:09
  yourself, right? If you don't have a lot right
• 14:11
  now, invest in yourself, invest in your skills so you can go
• 14:14
  solve problems out there and be valuable and therefore make
• 14:17
  money and then make the right investments to be able to
• 14:19
  continue to grow. Right when I came back from
• 14:21
  Vietnam, my poor dad, he was my, he was my father.
• 14:26
  He wanted me to fly for the airline because it was the pilot
• 14:30
  and get my PHDI said to my poor dad.
• 14:33
  I said PhD stands for poor, helpless and desperate.
• 14:37
  You don't learn anything about money in the PhD programs.
• 14:41
  I mean, I hate to tell you that. And my rich dad says you need
• 14:44
  the skills. He was my best friend's father.
• 14:48
  I said, what's the skills I need?
• 14:50
  He says #1 you got to sell good #2 you got to raise capital #3
• 14:56
  you got to know how to use debt. And so 111 doesn't get gets your
• 15:02
  PhD. Others saying learn how to sell
• 15:06
  or how to raise capital and learn how to use debt.
• 15:10
  That's education. Which one you're going to
• 15:12
  choose. And this guy's like Dave Ramsey.
• 15:14
  He's a friend of mine. He says live debt free.
• 15:18
  Well, he, he truly understood the dollar.
• 15:21
  The dollar is debt because that's why America is the
• 15:26
  biggest debtor nation in world history.
• 15:28
  We're at $39 trillion. We're bankrupt.
• 15:33
  So what does that mean to you listening to this podcast?
• 15:37
  I'm going to get richer or you can get poorer.
• 15:41
  It could be your education. And how do people get richer
• 15:46
  from us being in debt for those who are watching?
• 15:49
  Because the dollar's debt in 1971 when Nixon took the dollar
• 15:52
  off the gold standard and I was flying in Vietnam, but that was
• 15:55
  a carrier pilot for the US Marine Corps.
• 15:59
  And Nixon took the dollar off the gold standard.
• 16:02
  August 15th, 1971. And my rich dad says to me, he
• 16:06
  says watch out, the world's going to change.
• 16:08
  But then I said, what does that mean?
• 16:10
  The dollar is coming off the gold standard?
• 16:13
  So my copilot and I said, well, let's go find some gold.
• 16:17
  So being Marines, we're not the brightest guys on earth.
• 16:20
  We're pretty dumb and we're both lieutenants.
• 16:22
  You know, I said, well, let's go find some gold.
• 16:26
  So I said it was only one problem.
• 16:27
  The gold mine we found was in Vietnam was was in enemy
• 16:31
  territory, you know, North Vietnamese overrun it.
• 16:36
  And we said no problem, we'll just get in there real quick.
• 16:41
  So we flew behind enemy lines to go buy gold.
• 16:45
  And we walked up to walk, walked in this little village, you
• 16:47
  know, we parked a helicopter walking through the village,
• 16:51
  said, where's the gold mine? Fit the music.
• 16:53
  What the hell are these guys doing here?
• 16:55
  This is they're going to, they're going to shoot these
• 16:57
  guys in a few minutes and walk up to the gold booth.
• 17:00
  And the woman says, and gold was 50 was $35.00 an ounce.
• 17:06
  When Nixon took the dollar off the gold tenant, he already hit
• 17:09
  50. So I said, well, I'm behind
• 17:12
  enemy lines, maybe I can get a discount.
• 17:16
  She put me, she put us in a place so fast, she says the
• 17:20
  price today is 50 bucks. That's.
• 17:23
  Crazy. Anyways, but you know, that's
• 17:24
  how we, that's how I learned. Marines aren't the brightest
• 17:26
  guys, but that's how we learned. I said, oh, gold is money.
• 17:31
  Yep, gold is God's money was placed here by God.
• 17:34
  Silver is God's money was placed here by God.
• 17:37
  Not religious, but just right. It's real.
• 17:40
  The dollar is fake and 99% of the people on earth go to school
• 17:44
  to work for fake money. Fake money.
• 17:48
  They print it. Why would you work for it and
• 17:51
  save it? Why would you work and save fake
• 17:54
  money? It's ridiculous.
• 17:58
  And you started buying gold when you took it off the gold
• 18:01
  standard? Only that I bought the gold mine
• 18:03
  on top of it, took it public and and then I my first gold mine
• 18:08
  was in China. I took it public in 2004 on the
• 18:12
  Toronto Stock Exchange. I'm a capitalist.
• 18:15
  That's what I do. I raise money.
• 18:17
  So I took it public. We struck gold in China and the
• 18:22
  Chinese said, oh, thank you very much.
• 18:24
  They took it. And people are saying, oh, I
• 18:27
  want my credit card bills high. I said try somebody stealing
• 18:29
  your mind, you know? But that's how I learned.
• 18:33
  What do you think for those out there, 'cause you know, I know
• 18:36
  some people I look up to a lot, they invest in gold mines or own
• 18:40
  in you own gold mines and then others invest in physical gold,
• 18:43
  right? So what do you feel is the
• 18:46
  difference between investing in the gold mine versus the gold
• 18:49
  and do you think you should have both or allocate more to in one
• 18:54
  versus the other? That's a very good question
• 18:56
  because you shouldn't start a gold mine unless you're an
• 18:59
  entrepreneur. If you're not an entrepreneur,
• 19:02
  let's say you're just a doctor or a lawyer or a school teacher,
• 19:05
  just buy the gold. But entrepreneurs are stupid, as
• 19:08
  you know. And we say, oh, there's a gold
• 19:12
  mine. I can make more money.
• 19:14
  And So what I lost the China deal was in Dalian, China.
• 19:18
  I said, I guess I won't do business in China anymore.
• 19:21
  And then so I said, well, how can I find, you know, a more
• 19:24
  stable country? And my friend called me, I have
• 19:27
  a gold mine in Utah. I said, oh, good, lots of
• 19:30
  Mormons in Utah. I like that, you know.
• 19:33
  So I took the second gold mine public from Utah.
• 19:37
  We took it on New York's Stock Exchange.
• 19:39
  Why I say that is I had to learn how to raise capital.
• 19:43
  So how do you make enough money to buy a gold mine?
• 19:47
  You got to take it to the Stock Exchange.
• 19:49
  But that's all part of my rich dad's education.
• 19:53
  My poor dad would never think of taking a company public through
• 19:59
  an IPO and all that stuff. It wasn't part of his.
• 20:02
  He's a PhD, went to Stanford, highly educated, poor man, you
• 20:07
  know what I mean? It's, it's your education.
• 20:09
  So I can, I'll say it again, every time I call Hannah, she
• 20:11
  goes, I'm at a seminar. Is it good for you?
• 20:15
  That's how we learn. But that's all also how we made
• 20:18
  our network of friends. Like Joe Polish, man, that guy
• 20:21
  is a he's an animal, that boy. I know he is.
• 20:24
  He is aggressive, boy. He's entrepreneur of
• 20:27
  entrepreneurs. Yeah.
• 20:28
  I love the guy, you know, but love you.
• 20:30
  He drives a lot of people nuts also.
• 20:33
  But those are your friends. Yeah.
• 20:34
  Who are your friends? Exactly.
• 20:36
  Yeah. And they connect you to other
• 20:38
  great friends. But yeah, I think you're the one
• 20:40
  that got me. I mean, I literally followed
• 20:42
  your playbook. I read Rich Dad, Poor dad at 13
• 20:44
  years old, learned public speaking, capital raising and
• 20:48
  how to sell. Right, sales.
• 20:50
  And then also started investing in assets, started investing in
• 20:54
  gold and silver and commodities and learning skills.
• 20:57
  And so I've literally just followed your playbook from the
• 21:00
  time I was 13 years old. It's fun too, isn't?
• 21:03
  It it's so fun and it's not that hard, right?
• 21:05
  It's simple in nature. You just have to be disciplined
• 21:08
  and dedicated and continue to improve your skills and learn
• 21:11
  from the mistakes that you make and continue to buy assets with
• 21:14
  and, and use debt as leverage in a smart way, in a disciplined
• 21:18
  way. So it doesn't take you down
• 21:20
  because you have said that debt is a loaded gun, and it is.
• 21:23
  And that's where, you know, when you talk about Dave Ramsey
• 21:27
  versus Robert Kiyosaki, they're two different principles.
• 21:29
  Well, the Dave Ramsey principle is for those who are
• 21:32
  irresponsible and can't use debt in a mature way.
• 21:36
  Dave Ramsey's best advice for people with no financial
• 21:40
  education. He and I agree 100% of that debt
• 21:43
  will kill you if you don't know how to use it.
• 21:46
  That's why he says live debt free.
• 21:48
  Great advice Dave, but if you go and join my world or our world,
• 21:52
  you got to have the skills. Yeah, exactly.
• 21:56
  And when you have the skills, that is a beautiful part of the
• 21:59
  American dream and. It doesn't mean don't make
• 22:01
  mistakes. I've been hammered so many
• 22:04
  times. But we're talking about these.
• 22:06
  You started reading the Bible, right?
• 22:07
  Yeah. What did it say about what life
• 22:09
  was about? Pain and suffering is our
• 22:12
  greatest gift. Amen.
• 22:14
  Yeah, and it's I've been reading scripture every day because I, I
• 22:19
  believe in God and I love the Lord and I've always had a close
• 22:21
  relationship with God and I've also wrestled with God many,
• 22:24
  much of my life. So I can't say always had a
• 22:26
  close relationship, but always had a relationship.
• 22:29
  And I recently started studying the Bible.
• 22:31
  Good for you because I study all the time and I realized that I
• 22:34
  had never studied the Bible and I pray to God and have this
• 22:37
  relationship with God and but I don't read his his word right.
• 22:41
  And so there are so many incredible lessons in in the
• 22:44
  Bible, personally and in business, like it's a it's an
• 22:48
  amazing book and with amazing lessons.
• 22:51
  And it says in there like a common theme through the daily
• 22:54
  scripture that I read in the devotion is your pain and
• 22:59
  suffering is your greatest gift and it it is required for you to
• 23:05
  become who you are meant. To be it is required.
• 23:09
  And that God will never put a vision in you or desire in you
• 23:13
  or give you something on your shoulders that you cannot
• 23:16
  withstand and get through. And I thought earlier in my life
• 23:21
  when it was so painful and I felt so much suffering and I
• 23:25
  couldn't see how to get to the other side and I hated God and I
• 23:29
  wrestled with God and I felt like he didn't answer my prayers
• 23:33
  and he wasn't there for me. And I was all alone in this
• 23:36
  world. And you know, I got to the point
• 23:38
  where I didn't want to live anymore.
• 23:40
  And now on the other side, I was literally, I was literally in
• 23:44
  the shower last night. Probably TMI, but I was just
• 23:47
  like, thank you, God. I was, I was reflecting on how
• 23:50
  beautiful my life is and how I wake up every day and I get to
• 23:53
  spend time with people like you who are changing the world, who
• 23:56
  have change my life. I get to help speak to millions
• 23:59
  of people and help inspire them and believe in them and give
• 24:02
  them the education and the tools that they need to have a
• 24:05
  beautiful life. And just want to inspire people
• 24:07
  that it is beautiful on the other side and you just have to
• 24:10
  keep going And that you will notice at some point that all of
• 24:14
  your pain and suffering truly is your greatest gift.
• 24:17
  Because if you don't have it, like if I didn't go through what
• 24:20
  I've gone through, I wouldn't have empathy for other people.
• 24:24
  I wouldn't feel love, I wouldn't be able to make an impact on
• 24:28
  other people's lives. I wouldn't have connection.
• 24:31
  And so all of that was required to get to where we want to go.
• 24:34
  And I know that you've gone through deep, dark suffering in
• 24:37
  your life. It's.
• 24:39
  Been, it's been painful spiritually, mentally,
• 24:43
  physically and financially and we always learning, you know,
• 24:47
  always learning, always making mistakes.
• 24:50
  And so that's the difference. I feel for the people because AI
• 24:53
  is coming on, right, Artificial intelligence, and there's so
• 24:57
  many people who are saying they're worried, and I would be
• 25:01
  worried they're going to lose their jobs, right?
• 25:03
  Because they're going to be replaced.
• 25:05
  What do they do about it? Nothing.
• 25:09
  What do you do? And so not everybody should do
• 25:13
  what you do, what I do. Entrepreneurship is a tough
• 25:15
  game, very tough game. But you better start getting
• 25:18
  some skills and the skill of just sitting there not doing
• 25:23
  anything. It's the worst thing you can do.
• 25:26
  So attend seminars, You know, YouTube is fabulous.
• 25:29
  Got lots of lots of flakes on YouTube, talking heads and
• 25:33
  mouths. But there's almost a good
• 25:35
  information and there are good teachers on there.
• 25:38
  So that's why your education is your key out of this mess we're
• 25:43
  in right now. What do you think AI is going to
• 25:45
  do to the economy in the foreseeable future?
• 25:49
  Like the the the person who's about to go $200,000 in debt to
• 25:53
  become a lawyer. I don't know.
• 25:57
  I mean, what happened was when we opened up China, it wiped out
• 26:02
  the working class. So our factories, when when
• 26:06
  there was, I think it was Clifton, one of those guys that
• 26:09
  they let China join the WTO, the World Trade Organization and our
• 26:14
  factories moved into China. So that's why the rust belts
• 26:18
  like Ohio and Indiana and all that, the factory workers of
• 26:22
  America got crucified. So that's what happened when
• 26:26
  they opened up China. AI is going to take out the
• 26:28
  lawyers and attorneys and those doctors.
• 26:31
  You already you don't need to be a doctor because AI can do the
• 26:36
  analysis just as well. Right.
• 26:39
  And you go, that can't be as it. Well, it's already here, and I
• 26:43
  was talking to this one. He was stretching me like the
• 26:47
  stretches, all new technology, because I'm an old man and he's
• 26:52
  afraid AI is going to replace him.
• 26:53
  I said no, I don't think so. I don't think AI can stretch me
• 26:56
  yet. Yeah, but he's the people that
• 27:00
  know something's coming, right? That's what I'm saying.
• 27:03
  Well, and Elon Musk says that in three years robots will be able
• 27:08
  to do better brain surgery than doctors, which is insane, right?
• 27:13
  And then he also said, and this the CEO of Claude, I think it's
• 27:18
  Claude Dario is his name or something.
• 27:21
  He believes that within the next year to three years, I think he
• 27:24
  said foreseeable future unemployment will be at 20% in
• 27:29
  the United States. Yeah.
• 27:31
  So that's pretty scary numbers. And it's we're just in this
• 27:36
  everything's changing. You know, the empire's changing.
• 27:38
  And you had said a tweet on X that I want, I want to read it
• 27:45
  word for word. I think I wrote it down.
• 27:48
  Oh, I can't find what it was. But you said that AI is not
• 27:51
  coming for you, right? AI is coming for a lot of jobs,
• 27:53
  but it's not coming for you because you don't have a job.
• 27:56
  Yeah, yeah, well, because I have assets, you know, my apartment
• 28:02
  houses. Guess what, AI can do all they
• 28:04
  like, but you go still have to have a roof over your head and
• 28:08
  AI can come after, you know, they can be electric cars.
• 28:14
  But I own silver mines and silver goes into electric cars
• 28:18
  and gasoline goes into gasoline cars and gasoline goes into
• 28:23
  fertilizer. So do you know what I mean?
• 28:26
  It's a matter of education. It doesn't have to be afraid.
• 28:31
  You don't have to be afraid of it.
• 28:33
  But if your education is lacking and your friends are lacking,
• 28:37
  you're in trouble. If you lack the skills, you're
• 28:39
  in trouble. So that's why I'm serious when I
• 28:43
  say, you know, you and I were talking about what's going to
• 28:45
  take for me to get to buy this, You know, what's that?
• 28:49
  What's a a health health place in Tucson?
• 28:52
  Behavioral health facility, yeah, that you're looking to
• 28:55
  purchase. I see, Hannah, about how to get
• 28:57
  the money for that because you got, you know, how to raise
• 28:59
  capital. Yep.
• 29:00
  And I'm I'm the guy that's going to get on the sign, the dotted
• 29:03
  line. I want I want your money so I
• 29:06
  can get debt to buy the property.
• 29:09
  OPM. OPM.
• 29:11
  And you cash flow? You can't do that.
• 29:13
  That's bad and all this. Yeah, it's it debt is debt is
• 29:17
  beautiful when you use it and leverage it.
• 29:19
  And that's what allowed me, you know, I, I got my first loan to
• 29:21
  buy real estate when I was 18 years old.
• 29:23
  And the cash flow on the property wasn't that significant
• 29:27
  at that time. But due to inflation and the
• 29:29
  government printing, the more dollars, the asset value went
• 29:33
  up, rents went up, everything went up.
• 29:35
  And then sure enough, I look back a few years later, I'm
• 29:38
  like, oh, I'm cash flowing a couple $1000 a month on my tiny
• 29:42
  $20,000 investment, $25,000 investment.
• 29:45
  And I've made half $1,000,000 in appreciation in my sleep, right?
• 29:51
  And so like, that's how financial freedom is built
• 29:54
  through buying assets and using debt and using leverage.
• 29:56
  Because if you just go to the stock market, I would have had
• 29:59
  to pay, you know, the full amount of cash for that, have no
• 30:03
  tax strategies and have no dividends to live off of, right?
• 30:08
  Yeah, and that, again, is your education.
• 30:12
  And if you're afraid of the future, it's because your
• 30:13
  education is lacking, if I could just say that much.
• 30:17
  So what are you going to do about it?
• 30:19
  You know, hope that Trump stops bombing Iran and hopefully our
• 30:23
  Democrat will win. And hell with those guys.
• 30:27
  What are you going to do about it?
• 30:29
  So that's why, you know, you're always getting educated.
• 30:31
  I'm always studying. And the other thing I'm, you
• 30:36
  know, which I say to people is if you can see the future,
• 30:39
  you'll get rich. So if you can see what's coming,
• 30:44
  you can prepare for it. But if you can only see through
• 30:47
  today and you can't see the future, you're finished.
• 30:51
  Like we're talking about in a Saks, 5th Ave. and Neiman Marcus
• 30:55
  are now bankrupt because the future is online shopping and
• 31:01
  they're bankrupt. So these huge malls are going
• 31:04
  under right now financially. Office buildings are going down
• 31:08
  right now. So thank God I don't know any of
• 31:11
  those. I just own things that the
• 31:14
  average person needs, like a house, you know, apartment
• 31:18
  houses. They're very, very simple.
• 31:20
  I think no matter how much AI rages on, people have to have a
• 31:24
  roof over their head. That's on a bed, you know?
• 31:26
  Yep. So it's pretty.
• 31:27
  I can see the future. You'll need a roof and you need
• 31:30
  a bed, you need a toilet. I'll provide that.
• 31:33
  Be in the path of growth and see the future.
• 31:36
  And I always love the quote too, is be fearful when others are
• 31:40
  greedy and greedy when others are fearful.
• 31:43
  And so I think right now is a time where everybody's afraid,
• 31:47
  right? There's a lot of fear out there.
• 31:49
  And you even post about it all the time as the greatest, you
• 31:52
  know, crash is here and the greatest with that lies also the
• 31:56
  greatest opportunity, right? And so when everybody's afraid
• 31:58
  and people, normal investors, they or people just in general,
• 32:03
  if you have, you know, 10,050 thousand 100,000 or $1,000,000
• 32:07
  in the bank, bank account or wherever you have it and there's
• 32:12
  announcements, you know, every time you turn on the news, it's
• 32:14
  oh, there's war, there's bombing or gold dropped 20% in a day or
• 32:19
  silver dropped here or AI is going to wipe everything out,
• 32:22
  right? That puts so much fear into the
• 32:25
  world. And the natural thing for people
• 32:28
  to do is freeze, right? And it's to just hoard their
• 32:33
  money, sit on cash, which is continuing to lose value and not
• 32:37
  take advantage of any of the opportunity that is out there.
• 32:40
  Or they don't time things properly.
• 32:42
  And then all of their ass, all of their money is deployed in
• 32:44
  assets and all of those assets drop in value and then they
• 32:47
  don't have the cash to take advantage of the opportunity.
• 32:49
  And so cash is not trash in a crash.
• 32:53
  No. So how do you deploy it?
• 32:56
  So it's a really it's a great time to be alive as opportunity,
• 33:01
  but you're afraid if your, your personal education is lacking.
• 33:05
  So you can say, well, the hope the Republicans win, hope the
• 33:07
  Democrats win is what are you going to study next?
• 33:11
  So when I came out of Vietnam, like I said, my poor dad says,
• 33:15
  go back to school, get your pH DI said for what?
• 33:18
  And go fly for the airlines. I said for what?
• 33:22
  And my rich dad says you better learn how to raise capital, use
• 33:25
  debt and how to invest in real estate.
• 33:31
  That made me that's what rich man today was my education
• 33:34
  choices. So I joined, I joined Xerox
• 33:38
  because they thought they had to sell.
• 33:40
  I took a class on real estate and this the the challenge with
• 33:45
  real estate. Could I buy it for nothing down?
• 33:47
  That was a challenge. So my first property I bought
• 33:51
  with a credit card just paid for it.
• 33:55
  And so that's where debt made me rich.
• 33:59
  And but it's education. Choose your education.
• 34:02
  Choose your teachers wisely. I was on the stage with Charlie
• 34:06
  Kirk and the professors came after us.
• 34:10
  I remember holy Mackel. And there, though.
• 34:16
  So my opening chapter of my next book is Who Shot Charlie Kirk?
• 34:21
  You know, I think it was one of those characters, school
• 34:27
  teachers. They're threatened because AI is
• 34:31
  going to replace them too, right?
• 34:33
  YouTube's are replacing most of them.
• 34:35
  So the only reason you need to go to school is to get that
• 34:38
  piece of paper, bachelor degree, accountant, attorney, so you can
• 34:43
  get a job. But AI is going to take all that
• 34:45
  away anyway. I know.
• 34:48
  So I mean these teachers are cycle right now.
• 34:51
  Yeah, the whole education system I, in my opinion, is pretty much
• 34:54
  worthless. I mean, unless you're training
• 34:56
  to be a doctor, you know, things that are very specialized.
• 34:59
  But it's scary to even think that AI is going to threaten
• 35:02
  those highly specialized careers.
• 35:05
  And then you, you, some of these doctors spent millions of
• 35:08
  dollars to become a doctor, right, to become a surgeon.
• 35:12
  And I think that school has to be massively reformed.
• 35:18
  And there's really no point in going to college unless it's
• 35:22
  just for a social. Yeah, you want to like, you want
• 35:26
  to socialize and be around people and build a friends or
• 35:29
  community. But you can put all of that time
• 35:32
  into learning AI and learning skills and learning how to solve
• 35:35
  problems for entrepreneurs and for companies and make find the
• 35:39
  inefficiencies in markets or in processes.
• 35:42
  And you solve for those inefficiencies with AI and you
• 35:45
  can make, I mean, there's young kids becoming millionaires with
• 35:48
  AI right now. And there's the other people
• 35:51
  that are just still trying to get their A in their, their,
• 35:54
  their math class to learn 2 + 2. And they're never going to have
• 35:58
  to use that again in their entire life.
• 36:00
  I know. Yeah, it's, it's the world is so
• 36:03
  different, but people are still saying to their kids, go to
• 36:06
  school, get a job and look for job security.
• 36:11
  I call them false gods. There is no job security.
• 36:15
  You have a PhD, it doesn't protect you.
• 36:20
  So there are false gods that we have in our minds.
• 36:22
  If I get this, you know, if I have a job, I'm safe, not safe.
• 36:28
  So The thing is, what happens if you don't have a job?
• 36:32
  Can you still survive and thrive?
• 36:35
  That's that's freedom, you know. So anyway, that's why I'm
• 36:40
  concerned. That's why I teach.
• 36:42
  That's why I go around the world teaching.
• 36:45
  And that's my opposition to people don't like what I say,
• 36:50
  but please invest in your education.
• 36:56
  What do you want to learn? What skills do you need, you
• 37:00
  know? What?
• 37:01
  What do you think? Public education?
• 37:04
  If they had to teach, add one thing into their education.
• 37:10
  What do you think that thing should be that every single
• 37:12
  student should learn? Well, I, I hesitate being
• 37:16
  religious or political, but this guy Obama, who came from Hawaii,
• 37:21
  he does, he did more damage to America and, and Biden didn't
• 37:27
  help at all. And my, you know, Trump is hated
• 37:30
  by a lot of people for good reason.
• 37:33
  I wrote two books with Trump. He's a good man.
• 37:36
  But what Obama did was he created student loan programs
• 37:41
  because he believes in education, but he also created
• 37:45
  DEI, you know, diversity, equity, inclusion, wokeness, and
• 37:51
  all of that's Black Lives Matter.
• 37:56
  That's damaging our country. You know, woke, you go broke.
• 38:01
  Woke is for losers. We're victims.
• 38:04
  You know, I wouldn't do that. I'm AUS Marine.
• 38:07
  We're not victims. We can fight back.
• 38:10
  So that's why I went to military school.
• 38:13
  But this guy, Obama and then Biden, you know, Trump put the
• 38:15
  wall up. Biden brought the wall down.
• 38:18
  You know, just watch what a person does.
• 38:21
  So now we have immigration problems all across America.
• 38:24
  I'm not being political. I'm saying watch what they've
• 38:26
  done. And you know, people hate Trump.
• 38:32
  But this guy, the Khomeini, whatever they are, you know, he
• 38:36
  and he took out Chavez and all these guys are dictators.
• 38:40
  The New York. Are you talking about the New
• 38:42
  York guy? No.
• 38:43
  No, that's Mandami is the mayor of New York, but Trump hit
• 38:47
  Chavez of Venezuela. Oh yeah, yeah.
• 38:50
  Because of oil and he's bombing Iran because of oil.
• 38:55
  And that's the Ayatollah and all that stuff.
• 38:58
  But really, it's a holy war. It's Christians and Jews for us
• 39:02
  as Muslims. So we've got to be very careful.
• 39:06
  How do you win that? Religions and politics and all
• 39:09
  this, just choose your teachers wisely.
• 39:13
  But when Obama today, our kids are the most highly in debt.
• 39:18
  Cause thank you Barack Obama, thank you for DEI, thank you for
• 39:23
  Black Lives Matter, thanks for being victims.
• 39:26
  Thanks for being Wolf. I don't like that.
• 39:28
  I mean, I don't, I don't care who he is, but that's a losers
• 39:32
  mentality. Do you know what I'm saying?
• 39:34
  I agree. Choose to win.
• 39:37
  Choose what you want to learn. So our education system now is
• 39:42
  indoctrination, not education. So indoctrination means you're
• 39:48
  taught to be a victim. So they love to say with George
• 39:51
  Floyd and all this stuff, all this racism.
• 39:55
  I know they're I'm Japanese. My family was interred during
• 39:59
  World War Two. We know racism not good, but
• 40:03
  we're not victims. And Barack.
• 40:06
  And a lot of the blacks. Prey on the victim mentality.
• 40:11
  So when I was watching the last March Madness with a basketball,
• 40:15
  I didn't see too many white people on that court.
• 40:18
  You know what I mean, right? And if you really were equality
• 40:23
  on the on a basketball team, you would have fat people, short
• 40:26
  people, Japanese, you know, you have to have 4 fat people on
• 40:31
  that basketball court and two midgets.
• 40:36
  I said they listen to this hypocrisy.
• 40:39
  I said they go out on the field. Those black guys are the best in
• 40:43
  the world. They're magicians.
• 40:46
  They deserve to be on the court. Do you know what I mean?
• 40:50
  They deserve to be on that court because they're the best.
• 40:54
  And I suggest that all people be the best, whatever their field
• 40:58
  is. You know, I was.
• 41:00
  I'm terrible at basketball because I can teach, I can
• 41:04
  follow people, but I can't hit from outside, you know?
• 41:08
  So basketball is not my game. I'm terrible at golf.
• 41:12
  That's not my game. Making money is my game.
• 41:15
  I like it. So that's part of our lessons.
• 41:18
  I kind of respect you so much as you're always learning, and I
• 41:23
  think we've always got to be perpetual students today and
• 41:26
  choose skills that add to your ability to survive as this world
• 41:31
  goes more tumultuous. Like, before I went to Vietnam,
• 41:36
  you know, we had to learn how to fly and we had to learn how to
• 41:40
  shoot. We had to learn how to crash.
• 41:43
  I crashed three times in Vietnam.
• 41:45
  I'm alive today because we practice crashing.
• 41:49
  Oh, that's terrible, isn't it? Dying is worse.
• 41:53
  Like I told you the stories when I picked up those bodies on the
• 41:56
  field, my fellow fellow Marines, it's tragic.
• 42:02
  But then I see the nurses in the mass units in the hospital,
• 42:06
  field hospitals, and they come running out.
• 42:09
  They dragging these bodies torn to shreds at them and they
• 42:12
  stink. Got some urine and the crap and
• 42:17
  and these young women are dragging these bodies off and
• 42:23
  they go. We serve our country.
• 42:27
  Yeah. Be of service, not victims.
• 42:31
  That really upsets me. Me too.
• 42:33
  Yeah. Yeah, I we have.
• 42:36
  We can't accomplish anything if we can't take accountability for
• 42:39
  everything. Be strong, be brave, be smart,
• 42:42
  be trained and serve our country, serve our people.
• 42:45
  Yeah, you know. Yeah, and that was always, you
• 42:49
  know, coming from not having any handouts and just be all the
• 42:54
  excuses, right? That's why I hate, I hate it
• 42:56
  too. Is that victimhood?
• 42:57
  You just, you can't create anything.
• 42:59
  And more and more people are becoming more and more
• 43:01
  victimized as time goes on. And it's becoming, like,
• 43:05
  celebrated. It's a it's a whole industry.
• 43:08
  Woke is victimhood. Yeah, go woke.
• 43:12
  Go broke. Yeah, I mean, we're we live in
• 43:15
  the United States. Like if you are an able bodied
• 43:18
  human in the United States, there is no excuse that you
• 43:23
  cannot be successful. That's what I'm saying.
• 43:25
  Like 0 excuse and I mean it, it really bothers me.
• 43:31
  It gets my blood boiling because there are so many victims out
• 43:34
  there and we have unlimited resources.
• 43:37
  Education is free. You can learn from anybody for
• 43:40
  free anytime on YouTube. Exactly.
• 43:42
  That's what I'm. Saying great teachers and bad
• 43:44
  teachers on YouTube. Yeah, AI is there.
• 43:46
  You can learn from any great leader.
• 43:48
  I was able to learn from you back in the day before AI, you
• 43:51
  know, by reading books and by studying and pouring my, my
• 43:55
  heart and soul into what I was doing.
• 43:56
  And yeah, it's just if it bothers me and I think now with
• 44:01
  AI and coming for jobs and all of these things, it's really
• 44:04
  scary because there's going to be a push for more, you know,
• 44:07
  socialism or there's going to. It's just going to be
• 44:11
  interesting to see how this all plays out because if AI really
• 44:15
  does take a bunch of jobs and there's no need for a lot of
• 44:19
  people's roles anymore, then we there's going to have to be
• 44:22
  universal basic income, you know, people are going to have
• 44:24
  to be supported. And so it'll just be interesting
• 44:26
  to see how it plays out on the capitalists who are going to
• 44:29
  continue to drive business and drive revenue and create massive
• 44:33
  trillions of dollars of wealth versus the people that are, are
• 44:38
  just going to be, you know, taken care of and, and continue
• 44:40
  to, to be victims. So I don't know, I don't know
• 44:44
  where this world is heading, but I'm always on the side of
• 44:46
  optimism and I always just like you when times are turbulent and
• 44:52
  when crashes are coming, like you're investing, right?
• 44:55
  Crashes here, things are dropping.
• 44:57
  You're buying more, you're buying more gold, you're buying
• 44:59
  more Bitcoin, you're buying more silver, you're buying more real
• 45:01
  estate, you're getting more debt.
• 45:03
  I'm in more debt. Yeah, exactly.
• 45:06
  But I'm buying things that people want and need, do you
• 45:09
  know? Yep, and that's what people need
• 45:11
  to do instead of be fearful. Right.
• 45:13
  But it's I, I got there because I attended seminars and I study
• 45:18
  and they like I met you through Joe Polish.
• 45:21
  Like I said, that guy is, he cracks me up.
• 45:26
  He is a capitalist capitalist, you know, I mean, he is, I mean,
• 45:29
  you want to get inspired. He's the guy, you know, about
• 45:33
  being a capitalist, being an entrepreneur, but he attracts
• 45:37
  that type of person around him. Now.
• 45:40
  He'd probably drive other people crazy, but you've really got to
• 45:44
  choose your teachers wisely. And that's the most important
• 45:47
  thing, because I said it earlier, people hide behind
• 45:51
  false gods, and a false God is, I have a master's degree, what
• 45:57
  do you have? I have money.
• 46:01
  I have financial statements. I have real estate.
• 46:04
  I had this one guy telling me, he says I don't have to worry, I
• 46:08
  have a real estate license. I nearly, I nearly vomited.
• 46:13
  No, I'm not kidding you. I have a real estate license.
• 46:17
  I said, how many properties do you own?
• 46:20
  None. 0. And most real estate agents are
• 46:23
  broke and they're giving you financial advice.
• 46:27
  Choose your teachers wisely. So I must say this, I was
• 46:31
  driving up with Hannah just now. How many deals were we
• 46:34
  analyzing? How much money is it going to
• 46:37
  take? I need, I need 3,000,000 at one
• 46:39
  point I owe $1.7 million on this one property.
• 46:44
  Oh, that's terrible. But that 1.7 puts 96,000 a month
• 46:50
  in my pocket. 96,000 a month. Not a lot of money in my world.
• 46:56
  But that debt bought the property behind Tarbell's
• 47:00
  restaurant. So when you try living, yeah,
• 47:04
  it's an old age home. Like I said, you know you got to
• 47:06
  see the future So since I knew I'm getting older and we're all
• 47:11
  going to get older, I said why why why wait?
• 47:15
  Just buy the old age home now. So it so I borrowed 1.7 to buy
• 47:21
  the land that the assistant old age home is on and they pay me
• 47:26
  96,000 a month. It's not a lot of money but
• 47:29
  100,000 a month is more than people make.
• 47:32
  That's just one deal, but I learned that because my rich
• 47:37
  says is you have to learn real estate, you have to learn debt,
• 47:40
  have to learn how to sell, have to not raise capital.
• 47:42
  That's what makes you rich is your skills, your education,
• 47:46
  your friends, your attitude, not your master's degree in Podunk,
• 47:51
  whatever they teach you. So that's why I'm, I'm, I'm
• 47:55
  concerned 'cause my whole shtick is I wrote rich Dad, Poor Dad
• 48:00
  not to get rich. But this gap between rich and
• 48:03
  poor and homelessness is disturbing to me and my
• 48:07
  generation and boomer generation.
• 48:10
  All we need is that crash like 2026 going to Edgar Casey and
• 48:14
  Nostradamus. Going to be a rough year if that
• 48:16
  stock market crashes in 2026. My generation and boomers were
• 48:21
  the first generation with what's called ADC pension plan, defined
• 48:26
  contribution pension plan. So let's say the S&P 500 drops
• 48:32
  my generation Boomers, their four O 1K is toast.
• 48:36
  So what do you do when you're 80 years old?
• 48:39
  Your 4-O1K is toast, Go back to school.
• 48:45
  But that's what the future is for my generation boomers. 30
• 48:49
  million of us are broke and we're not prepared for the
• 48:52
  future. So that's why I wrote Rich Dad,
• 48:55
  Poor Dad. 35 years ago, I wrote another book of who stole my
• 48:59
  pension because they steal our welfare money and our pensions.
• 49:05
  And so that's my concerns as a concerned citizen.
• 49:08
  That's why I do what I do. I'm glad you read my book.
• 49:11
  I'm glad millions of people read my book.
• 49:13
  But we can do something. We don't have to be victims.
• 49:16
  We're not woke. We don't have to go broke.
• 49:19
  We're not woke. We don't have to go broke.
• 49:21
  Yeah, Yeah. That is really scary to think
• 49:25
  about being 80 and having all of your savings in a 401K and if
• 49:29
  there's a 30 percent, 40% drop in the market.
• 49:34
  Well, the the biggest thing with those what, what do I base my
• 49:37
  judgement on? America is now 39 trillion in
• 49:42
  debt. We're the biggest debtor nation
• 49:45
  in world history. Social Security, Medicare is not
• 49:49
  included in that. Retirement is not included in
• 49:53
  the 39 trillion. We're going to keep printing
• 49:56
  money. So just look at the fact, Jack,
• 49:59
  39 trillion. If I spent a dollar a minute, a
• 50:04
  dollar a second, how long would it take me to spend a trillion?
• 50:09
  Do you know, $1.00 per second would take me 32,500 years.
• 50:16
  And we're 39 trillion in debt. So they said, well, how can you
• 50:19
  be so confident? I said just the math 39
• 50:24
  trillion. Just take, just look at it.
• 50:27
  It's going to go up next year to 40 trillion.
• 50:30
  We keep printing money and we keep pushing the can forward and
• 50:34
  people still go to school to look for a job.
• 50:38
  Got no skills to survive in the real world.
• 50:41
  That's terrifying to me and my generation.
• 50:43
  Boomers, you know, your mommy and daddy, your grandpa are
• 50:50
  going to move in with you. That's what it means because
• 50:52
  they're out of time. They're 80 years old and when
• 50:56
  they're four O 1K just goes to toast or the IRA.
• 51:00
  What are they going to do, Get a job?
• 51:02
  Yeah. How do you decide?
• 51:04
  Like in in turbulent times, how do you decide?
• 51:07
  Because I'm obviously an investor.
• 51:08
  I have I invested everything. I know she's set.
• 51:13
  Thank you. But I invest in Bitcoin and real
• 51:16
  estate and gold and silver and copper and all the things.
• 51:20
  And I'm always trying to learn that balance and that science of
• 51:26
  the portfolio allocation, right? Cuz in times when you hold
• 51:30
  assets and we're going through times of turbulence, those
• 51:33
  assets drop in value. But then you have to make the
• 51:35
  decision of I buy more, right? When do I buy more?
• 51:38
  When do I size up my investments?
• 51:41
  And like, how do you think about that when, cuz if the market's
• 51:44
  crashing, you might enter, for instance, you're buying real
• 51:47
  estate right now, right? How do you decide when to
• 51:53
  allocate more to certain investments in periods of assets
• 51:58
  dropping and you know, or you believe that assets could drop
• 52:02
  further like, you know, you know what I mean?
• 52:05
  Like kind of dollar, dollar cost averaging in.
• 52:08
  And when cause some people they get so afraid.
• 52:10
  They're like, I, it's, it's not the bottom yet.
• 52:13
  So I don't want to buy yet 'cause I want to wait for the
• 52:15
  bottom. But then they wait too long and
• 52:16
  then it's already bounced back and then they don't take
• 52:18
  advantage. Or some people who aren't
• 52:20
  selling their assets or taking any profits off the table
• 52:23
  because they feel like it's going to go higher and higher
• 52:25
  and higher. Like that fear and greed.
• 52:27
  And you've been really, really good about continuing to invest
• 52:31
  through all of the markets. But I just wondering if you have
• 52:35
  a certain strategy like how you look at things to know this is a
• 52:38
  good investment even though I believe it is going to keep
• 52:41
  dropping lower. Well, what they say is don't,
• 52:43
  you know, don't catch a falling knife, which is prices keep
• 52:46
  dropping. But I also get sexually
• 52:49
  stimulated thinking about things going on sale, you know, like,
• 52:53
  you know, I mean, I bought gold at $50.00 an ounce.
• 52:59
  I would love to see it $50.00 an ounce because I'd buy more of it
• 53:02
  because I can see the future. If you can see the future,
• 53:06
  you'll get rich. And the reason I can see the
• 53:09
  future with gold is because we're so incompetent.
• 53:13
  This Federal Reserve Bank, our leaders, you know, our
• 53:17
  government, they keep printing more money.
• 53:20
  So the future of gold is good because our leaders are FN
• 53:25
  incompetent. So what do you have a count on
• 53:28
  your leaders on? Oh, but he's a Democrat or he's
• 53:31
  a Republican. Who cares?
• 53:33
  They're incompetent, you know. So I trust in gold, in gold, I
• 53:37
  trust in silver, I trust in oil, I trust.
• 53:41
  I even, you know, I invest in cattle because I have why goo
• 53:46
  cattle, you know, because rich guys buy why goo and I can't
• 53:50
  tell the difference. But I don't kill the cattle, I
• 53:56
  buy the bulls. And what I saw the bulls, we
• 54:01
  take the semen from the bulls and they impregnate cows.
• 54:07
  So there's cash flow and sperm flow.
• 54:11
  You can make money doing anything, you know what I mean?
• 54:13
  Yeah. But just he just keep your mind
• 54:16
  open. So, OK, that's when that's how
• 54:17
  you know. And because we kill that, we
• 54:21
  kill the bull. We have to eat it.
• 54:24
  Yep. I'd rather just sell the semen
• 54:27
  because when I was a kid, I wanted to be a breeding bull,
• 54:29
  you know, but I was never. Well, as I own, I own the.
• 54:33
  I own the Wagyu bulls. Yeah, it's not rocket science.
• 54:38
  I own oil wells because people will always burn oil.
• 54:44
  You know, I own silver mines and gold mines because that's God's
• 54:48
  money. It's not that I'm into religion.
• 54:52
  I just don't trust my government.
• 54:55
  I'd rather have gold and silver than the US dollar or the yen or
• 54:58
  the pace of the euro. It's one more thing that happens
• 55:02
  that people don't know about is you don't mess with oil because
• 55:07
  there's a guy named Saddam Hussein and he tried to sell oil
• 55:13
  in Europe in euros. It has to be sold in U.S.
• 55:17
  dollars. Don't mess with that.
• 55:20
  So Saddam Hussein says, oh, guess what, I'm going to sell
• 55:24
  oil in euros. Guess what?
• 55:29
  He had weapons of mass destruction.
• 55:31
  There was none. So they killed him.
• 55:35
  And there was a guy that Muammar Gaddafi in Libya, he says we're
• 55:39
  not going to sell our our oil in dollars.
• 55:43
  We're going to sell it in African dinars.
• 55:46
  They killed him. So Hannah, there's a bigger game
• 55:51
  going on than just oil. You don't mess with oil.
• 55:55
  So that's why I look at what's going on in Iran today and
• 55:58
  Israel and America. It's Jews, Christians versus
• 56:02
  Muslims. It's about oil.
• 56:04
  It's about money. So that's my concern, and that's
• 56:07
  why that's tremendous respect for you and my friend Joe
• 56:10
  Polish. You guys are habitual learners
• 56:14
  and students. Yeah.
• 56:15
  And that's what it's going to take today.
• 56:17
  Yeah. And, and, you know, if you just
• 56:18
  think about like if you don't have the fear, Trump was
• 56:22
  announcing that we were going to be, you know, having an
• 56:26
  excursion in Iran and that's seeing the future, right?
• 56:30
  So people all who I know very well, as soon as they watch the
• 56:36
  news and they see what's going to happen, they go invest in oil
• 56:39
  because that they know that oil is going to go up if we go to
• 56:42
  war, right? And so it's just being in tune,
• 56:44
  like it's not that difficult. You just have to be in tune.
• 56:47
  People literally go on television and tell you what's
• 56:49
  about to happen and you can go in and you can just take action
• 56:52
  and take advantage of that. And you're always increasing
• 56:54
  your skills and knowledge and. Let's just remember this, you've
• 56:58
  got to see the future. So if I told you today there's
• 57:02
  no toilet paper, people will be rushing to Kmart or whatever it
• 57:07
  is to buy toilet paper. Do you know what I mean?
• 57:11
  The future, but most people can't see the future.
• 57:16
  And so I kind of when I went to school in New York for to be an
• 57:23
  oil man, I could have drove passion liners, you know, like
• 57:26
  we wanted the real estate guys cruise.
• 57:28
  So if I have passion liners, I chose oil.
• 57:34
  Why? Cuz I could see the future and
• 57:37
  oil is the future. Energy drives civilization.
• 57:40
  Yeah. And you say that in order to be
• 57:44
  rich, you have to see the future.
• 57:45
  Yeah. So like you have predicted, I
• 57:48
  mean gold right now is around $5000, silver around 92 and
• 57:52
  climbing and pretty much everything that you have
• 57:55
  predicted has come true. Like you are very open about
• 57:58
  your predictions. You've been predicting things
• 58:00
  forever to the open public and you have said that in 2023 you
• 58:05
  actually predicted that gold would be at $3700 and then went
• 58:09
  past 5000. You predicted silver at $70.
• 58:12
  It went past 92 I think. Didn't silver did it hit 100?
• 58:16
  Yeah, for a little while. Yeah, for a little while.
• 58:19
  So how are you figuring all of this out?
• 58:21
  Like at what point does it stop feeling like you're predicting
• 58:24
  and, and start feeling like you just know how it actually
• 58:28
  operates and like you know what's coming because you're
• 58:30
  predicting things, you know, highs that have never hit
• 58:32
  before. So it's not like you're just
• 58:33
  analyzing a chart and seeing where the the last high was and
• 58:36
  where it's going to go next time.
• 58:37
  It's like, how are you really making such accurate predictions
• 58:40
  as to where silver and gold and Bitcoin are heading and doing it
• 58:43
  consistently? I just watch stupid people.
• 58:47
  No, I mean, you look at the Federal Reserve Bank, there's
• 58:49
  like 4000 PhDs that work there. They're all like my poor dad.
• 58:54
  They're all idiots. Look at that university system.
• 58:58
  They're idiots. They don't know what they're
• 59:01
  doing. Look at our government.
• 59:02
  We're getting too deeply in debt.
• 59:05
  We don't do anything about it, you know?
• 59:08
  You know, politicians, they're no help.
• 59:09
  You know what I mean? I love Trump, but when he tried
• 59:13
  to get doge in there Department of Government efficiency, I'm
• 59:17
  sure somebody told there was a bullet waiting for me.
• 59:20
  He fooled around much longer with that one.
• 59:22
  So there are powers to be out there that you and I will never
• 59:26
  see. They're they're behind the
• 59:28
  scenes. Also, there's a thing called the
• 59:31
  CIA, capitalism's invisible army.
• 59:36
  They want to make sure that we keep things unstable.
• 59:40
  And the reason I know that when I was coming out of Vietnam, the
• 59:44
  CIA talked to me, they're called Air America, and they said we
• 59:51
  want you to fly for us. And I was making, at that time,
• 59:54
  I was making 300 a month flying in combat for the Marine Corps.
• 59:58
  That's what we'll pay you 5000 a month to fly for Air America.
• 1:00:02
  So I'm a kid, you know, 5000 a month.
• 1:00:05
  Wow. And I was going to fly for the
• 1:00:08
  CIA. And that's capitalism's
• 1:00:11
  invisible army. I've just seen pictures of the.
• 1:00:14
  There's a helicopter on a roof of the US embassy and all these
• 1:00:18
  people running up to this helicopter and they were
• 1:00:22
  running, getting away from, you know, Vietnam was collapsing.
• 1:00:27
  That helicopter was ACIA helicopter, Air America,
• 1:00:32
  capitalism's invisible army. Always remember that.
• 1:00:36
  There's things that you and I will never know.
• 1:00:40
  So that's why I respect, obey the laws.
• 1:00:44
  I pay my, you know, I don't pay any taxes, but I obey the laws.
• 1:00:48
  I don't mess with the mess with it.
• 1:00:51
  So we live in dangerous times right now.
• 1:00:54
  Again, Nostradamus 15 O 3. So 2020 states is going to be a
• 1:00:58
  rough year. Edgar Cayce 1942, I think 2026
• 1:01:03
  is going to be a rough year. And people are hiding behind
• 1:01:06
  false gods. I have job security.
• 1:01:10
  I have a master's degree. I have a real estate license.
• 1:01:15
  That's nothing, and that's what people are hiding behind right
• 1:01:18
  now. Yeah.
• 1:01:20
  And so you obviously warned about more crashes the the crash
• 1:01:24
  continuing. We're in the the midst of the
• 1:01:26
  crash and that real estate, you know, will continue to decline.
• 1:01:30
  We're in a declining market right now and commercial and
• 1:01:32
  residential real estate, but yet you also hold 15,000 rental
• 1:01:36
  properties and have $1.2 billion of debt.
• 1:01:39
  So how do you navigate and manage that kind of pressure as
• 1:01:43
  you invest in the market, you continue to invest in the market
• 1:01:46
  and you hold these assets in the market because some people would
• 1:01:49
  be like, does that make you scared that you hold this debt
• 1:01:52
  and the market's declining? No, again, it's just what those
• 1:01:55
  stupid people are doing they call PhDs.
• 1:01:57
  But The thing is, the reason I have rental properties, I mean
• 1:02:00
  apartment houses, is as far as I know, people need a roof over
• 1:02:04
  their heads and a bed to sleep in.
• 1:02:06
  If you're not, you're homeless. And I hate to say this, but you
• 1:02:12
  know, if you don't pay the rent at one of my apartment houses,
• 1:02:17
  the next stop is a street. And it breaks my heart to see
• 1:02:21
  this homelessness that's going through the roof, those people
• 1:02:24
  that can't afford to pay the rent because inflation is going
• 1:02:29
  up and inflation goes up when you print money.
• 1:02:33
  And we're now, we're now $39 trillion.
• 1:02:37
  Every time you print money, the price of food goes up, but sort
• 1:02:41
  of the price of assets go up. So when you print money, the
• 1:02:45
  price of oil goes up, but chicken and eggs go up, too.
• 1:02:48
  Yeah. So it's wiping out the poor and
• 1:02:50
  middle class and guys like me, I'm getting a richer.
• 1:02:53
  You're getting a richer. But that's education.
• 1:02:56
  They don't teach you that in school.
• 1:02:58
  They think, go to school and get a job and be secure.
• 1:03:01
  That ain't not true. Today I was just in.
• 1:03:04
  I wasn't. You know, Saks 5th Ave. is now
• 1:03:06
  bankrupt. Neiman is now bankrupt.
• 1:03:09
  So retail is gone. Office buildings are gone.
• 1:03:13
  Gone. The private credit is wiping
• 1:03:16
  everybody. Else yeah, you, you made a tweet
• 1:03:18
  about that too. What is going on with what's
• 1:03:21
  your opinion on BlackRock and or is it BlackRock that you were
• 1:03:24
  talking about and their private credit?
• 1:03:26
  First of all, again, like Dave Ramsey was a friend of mine,
• 1:03:29
  live debt free, but the US dollar is made of debt if
• 1:03:34
  they're printed. So the banks don't make money
• 1:03:37
  unless they're lending money. So they 'cause they couldn't get
• 1:03:42
  enough money out there, they started this thing called
• 1:03:45
  private credit. So you and I go to a bank and we
• 1:03:50
  borrow a line of money and we'll lend to people who are less
• 1:03:54
  credit worthy. Right.
• 1:03:57
  And so what's happening those I don't we don't do that, but I'm
• 1:04:01
  saying that's what they borrow money from the banks so they can
• 1:04:04
  lend to people who need the money that the banks won't lend
• 1:04:08
  to. You see the banks don't make
• 1:04:10
  money on your savings because they've got to pay you interest
• 1:04:14
  on it. Banks only make money if you
• 1:04:17
  borrow money. Business one O 1 What are our
• 1:04:22
  schools teachers that so and Dave Ramsey says live debt free.
• 1:04:27
  I agree with them. But if everybody live debt free,
• 1:04:31
  the economy collapses because we stop borrowing money.
• 1:04:35
  There's no money created. Money is only created when we
• 1:04:37
  borrow it. Yeah.
• 1:04:39
  That's money in 1971. Yeah, yeah, cuz that's the, you
• 1:04:44
  know, the debt funds. I, I started a debt fund.
• 1:04:47
  So I'm very familiar with how this works.
• 1:04:48
  But it's interesting to see how the institutional funds and what
• 1:04:51
  their positioning is right now and how they're performing.
• 1:04:54
  Because for the audience, I mean, that's how just like you
• 1:04:58
  just said, that's how banks make money.
• 1:05:00
  I mean, you deposit money in the bank, they don't pay you
• 1:05:03
  anything on it. Then they go lend that money to
• 1:05:06
  another person and they charge an interest on that.
• 1:05:08
  And so they keep that spread. Now, if that person they let
• 1:05:11
  your money to doesn't pay them back, then you lose your money,
• 1:05:17
  right? And that's like the risk.
• 1:05:18
  And that's where that that's how you can have banking crashes and
• 1:05:21
  things like that. Well, that's what they are.
• 1:05:23
  Are what? The resolution trust card.
• 1:05:24
  Well, anyway. Right, Yeah, the the insurances,
• 1:05:26
  but the same concept with the with the debt fund is?
• 1:05:29
  The thing is, money is debt. Mm hmm.
• 1:05:32
  And and when people said live debt free, I said you don't
• 1:05:34
  understand the economy. We stopped borrowing money.
• 1:05:37
  This whole thing collapses anyway.
• 1:05:40
  So because they couldn't get enough money out, private credit
• 1:05:44
  came in. And that's when guys like, you
• 1:05:47
  know, the Japan called it the carry trade, all of the stuff
• 1:05:50
  saying the same thing. They borrow money to land money.
• 1:05:54
  Right. And if people pay it back,
• 1:05:57
  everybody's happy. If people don't pay it back,
• 1:06:00
  people are not happy. So the biggest crash of all is
• 1:06:04
  office buildings. Because of, you know, the
• 1:06:08
  computer AI, COVID, these office buildings are floating.
• 1:06:13
  There's nobody in them because people work from home now.
• 1:06:17
  So the biggest debt are office buildings.
• 1:06:20
  And you know, some of the best investments I made were the ones
• 1:06:23
  I didn't make because I was kind of dreaming of buying an office
• 1:06:26
  building at one time. Thank God I didn't.
• 1:06:29
  You know right? Some of the best deals in life
• 1:06:32
  are the ones we don't do, yeah. So office buildings in like San
• 1:06:37
  Francisco, some of the most expensive office buildings in
• 1:06:40
  the world, are empty. Yeah, somebody is going to eat
• 1:06:43
  lunch on that one. Yeah, and somebody's going to
• 1:06:46
  make a killing whoever buys it next.
• 1:06:48
  I was at a conference last month.
• 1:06:51
  If they buy it, they might have tear them down.
• 1:06:53
  Right. Well, that's they'll buy the
• 1:06:55
  land, right? Buy, buy the old building, tear
• 1:06:57
  it down and build something more useful.
• 1:07:00
  But I was at listening to like CE OS or economists of big
• 1:07:04
  commercial real estate companies and commercial finance firms,
• 1:07:08
  and they all said the number. Every single one of the speakers
• 1:07:11
  said their number one bet to make the most amount of money
• 1:07:16
  right now is San Francisco office buildings.
• 1:07:19
  Is that right? Because they're the biggest
• 1:07:20
  discount, it's the biggest opportunity.
• 1:07:23
  The trouble with office buildings, as you know, they're
• 1:07:26
  not geared for residential. I've already seen that.
• 1:07:30
  Yeah, I was in Johannesburg, South Africa.
• 1:07:33
  They collapsed a long time ago and they have these huge office
• 1:07:37
  buildings in downtown Joburg, Johannesburg, and they try to
• 1:07:41
  convert them into residential. They become high-priced slums.
• 1:07:47
  There's not enough toilets, no sinks, nothing in them.
• 1:07:50
  So they're not designed for residential.
• 1:07:53
  And so people are saying, well, office buildings, I got to
• 1:07:57
  change to apartment houses. I don't think so.
• 1:07:59
  Yeah, terrible. The conversion rate is too high.
• 1:08:01
  Yeah, you have to structurally re redo them.
• 1:08:04
  Yeah, you can get in big trouble trying to do a conversion.
• 1:08:07
  Some of them work out, but some of them it's a huge failure.
• 1:08:11
  I did see when we were actually driving on the way here, I saw
• 1:08:14
  an office building that was converted to storage.
• 1:08:16
  It was like a public, you know, extra space storage and it used
• 1:08:19
  to be an office building. So that's a unique conversion
• 1:08:21
  that hopefully that worked out well for them.
• 1:08:23
  But I do know clients that have tried to convert office to like
• 1:08:26
  multi family and used the existing building and ended up
• 1:08:29
  losing a lot of money because it was just too much.
• 1:08:32
  It would have been better just to scrape it.
• 1:08:34
  Well, my friend's making a lot of money and he owns office
• 1:08:38
  buildings. Old ones, yeah, but he does it
• 1:08:42
  in Thailand. All he has is people changing
• 1:08:44
  sheets. That's that's insane, Robert,
• 1:08:47
  that's crazy. I think we'll stick with
• 1:08:50
  assisted living with the the silver tsunami, they call it
• 1:08:53
  looking at where the future is going, right.
• 1:08:55
  There's not enough assisted living facilities of in the same
• 1:08:58
  thing in like data centers. The rise of AI is just looking
• 1:09:00
  at where the future is going. The dollar losing value.
• 1:09:03
  So investing in in gold and silver and you're predicting
• 1:09:08
  that gold is going to hit 27,000 in ounces?
• 1:09:11
  Well, actually, it's Jim Records, you know, he's a good
• 1:09:13
  friend of mine. Records is calling for 27 K.
• 1:09:17
  He's, you know, I hang out with smart people.
• 1:09:19
  I was really dumb. Shit.
• 1:09:20
  I'm AUS Marine. You know, I asked you about the
• 1:09:23
  deal because, Anna, what do you think about this deal?
• 1:09:26
  You know, because I don't know. But it's OK not to know as long
• 1:09:31
  as you have friends who can tell you straight.
• 1:09:34
  So that's why it's your five friends around you that make the
• 1:09:37
  biggest difference of all. Like Records, you know, he was,
• 1:09:41
  people may not know this, but he was LTCM Long Term Capital
• 1:09:44
  Management. Those guys nearly brought down
• 1:09:47
  the whole world. They're a hedge fund.
• 1:09:51
  They're so levered up. And it was a guy named
• 1:09:54
  Merryweather who was in charge of that hedge fund.
• 1:09:57
  And in 1996, LTCM, which Records was the attorney to really
• 1:10:03
  brought down the world economy. So every time I talk to Records,
• 1:10:08
  I mean, I enjoy talking. He's a smart boy.
• 1:10:11
  And so he and I started a project where it's the biggest,
• 1:10:17
  it's a high tech. It's how you profit from them
• 1:10:21
  spam calls. Oh that would be nice.
• 1:10:23
  I get 1000 of those everyday. Yeah, I know so.
• 1:10:25
  But that's how entrepreneurs make money, you know, You got to
• 1:10:29
  think outside the box, but you also, I'm hanging out with guys
• 1:10:34
  who are smart, not dumb shits. Right.
• 1:10:38
  What do you think is the greatest advice that you've ever
• 1:10:43
  heard in your life? It's skills you have to have
• 1:10:47
  this. If you couldn't be an
• 1:10:49
  entrepreneur, you have to have skills to be a pilot.
• 1:10:52
  I had to have different skills. Do you know what I mean?
• 1:10:55
  Yeah. And the most people just want to
• 1:10:57
  be an employee, to just do their job.
• 1:11:00
  So they have that skill, but they hide behind, I'll say it
• 1:11:04
  again, false gods and a false gods is job security.
• 1:11:11
  My friend says I have a real estate license, but they're not.
• 1:11:17
  There's no real estate behind of it.
• 1:11:19
  Right. So people have their fault we
• 1:11:22
  all. I have my false gods.
• 1:11:24
  What was that? Well, that I can always get my
• 1:11:27
  way out of trouble. You know, it gives me false
• 1:11:31
  confidence. I'm pretty confident.
• 1:11:34
  But I also know it's a bunch of BS because I'm going to get in
• 1:11:37
  trouble anyway. But nobody wants to get in
• 1:11:40
  trouble. But, you know, that's what
• 1:11:42
  you're telling me when you start reading the Bible, suffering is
• 1:11:45
  how you get you get smarter, right?
• 1:11:48
  And so that's why I'm not afraid of suffering.
• 1:11:51
  Most people are like I told you the story when I when I, I had
• 1:11:57
  to drop my, my aircraft carried rocket pods and machine guns and
• 1:12:02
  they say mayday, mayday, mayday. And I'm you know, we're going,
• 1:12:07
  we're taking fire from all these Jesus terrible war.
• 1:12:11
  So I said we have the disarms. We drop our we drop our rockets,
• 1:12:14
  drop our machine guns. So we go into the field to pick
• 1:12:18
  up dying Marines and loading them on the aircraft.
• 1:12:24
  Man, it stinks. Yeah, that's everywhere.
• 1:12:27
  Fly to a field hospital and these nurses come running out
• 1:12:31
  and they go. And that's what life's about, is
• 1:12:36
  that you have your team up there.
• 1:12:38
  Yeah, it's not. It's to do what you have to do
• 1:12:42
  out there. And you're, you're not a
• 1:12:44
  religious person, but you do believe in God and you do bring
• 1:12:47
  up God often. And we went to Mara Lago, you
• 1:12:50
  invited me out there, you got Grand Marshall Veteran of the
• 1:12:53
  year award. It was absolutely incredible.
• 1:12:55
  And your keynote, you know, you, you talk about what is your
• 1:12:59
  mission? What is your spirits mission and
• 1:13:02
  how your time in the military was one of your greatest
• 1:13:07
  experiences because they really instilled that.
• 1:13:09
  What is your mission in you? Can you touch on that?
• 1:13:12
  Like why? How much of A spiritual game is
• 1:13:17
  the game of financial freedom and freedom in in life in
• 1:13:20
  general? And how does following your
• 1:13:22
  spirit's mission impact that? Well, the reason I got that is
• 1:13:27
  because I have my I have my little team and on my team is my
• 1:13:31
  cardiologist, Dr. Rodagopalan. And if you call central casting
• 1:13:37
  in Hollywood, I need a guy that looks like Gandhi.
• 1:13:40
  This is Rodagopalan. He's Sri Lankan, but he's the
• 1:13:44
  most spiritual guy I know. He's my cardiologist and I
• 1:13:49
  talked to him about God and spirit all the time.
• 1:13:52
  And he says, I said, why do I live?
• 1:13:56
  You know, I was, why do I live? He says, because your body is to
• 1:14:02
  carry your spirit's mission, said what he says it's not about
• 1:14:08
  your heart, not about your liver, not about your spine is
• 1:14:12
  your spirit as a mission. And I went what?
• 1:14:17
  But this is not that long ago. And then I went to Mar a Lago
• 1:14:20
  and, you know, I was up. I'm being honored as a veteran
• 1:14:23
  of the year and all this stuff. Why am I being the veteran of
• 1:14:27
  the year? I'm a stupid Lieutenant, Marine
• 1:14:30
  Lieutenant. I'm replacing Lieutenant General
• 1:14:32
  Michael Flynn. Why am I here?
• 1:14:35
  You know what I mean? And I was also up on court
• 1:14:37
  martial charges twice. I'm not a very good Marine.
• 1:14:41
  So why am I here? I might tell everybody the
• 1:14:44
  truth. I'm in trouble all the time.
• 1:14:47
  And so I was talking to Rod about that is just because
• 1:14:50
  you're fulfilling your spirits mission.
• 1:14:53
  So when I went to the Academy in the nomination of Naval Academy
• 1:14:57
  emerged Marine Academy, the first learned word they teach
• 1:15:01
  you in military school is mission.
• 1:15:04
  What's your mission in life? It's spiritual.
• 1:15:09
  And then the Vietnam War was when I graduate in 1969.
• 1:15:14
  I'm working for Standard Oil because I'm an oil guy.
• 1:15:18
  I'm making 120,000 a year. It's not much money today, but
• 1:15:22
  for a college graduate in 1969, a 120,000, a lot of money and I
• 1:15:27
  make 120,000 a year sailing for Standard Oil in Vietnam and the
• 1:15:34
  war was still on. I said jeez.
• 1:15:37
  And in my family, I had 7 uncles fight in World War, 25 fought
• 1:15:43
  against the Germans, 2 fought against the Japanese.
• 1:15:48
  So our family samurai, you know we're warriors.
• 1:15:52
  So I said I better go fight. And so I resigned from Standard
• 1:15:57
  Oil making 120,000 a year. I said I'm going to join the
• 1:16:02
  Marine Corps. Why the Marine Corps?
• 1:16:06
  Because when I was deciding who was going to fly for that is big
• 1:16:11
  conference for 600 got young men, they had Army, Air Force,
• 1:16:15
  Navy, Marine Corps, Coast Guard and so out of 600 men in this
• 1:16:19
  audience kind of look at who we're going to fly for and we
• 1:16:23
  could go get the flights going. All this I was one of the 12
• 1:16:27
  that's different from the Marines.
• 1:16:29
  If I'm going to go to war, I want to go at war.
• 1:16:33
  Guys want to fight, not play golf.
• 1:16:36
  Do you know what I mean? It's it's by logic.
• 1:16:39
  So I'm sitting there talking to this Marine about going to
• 1:16:43
  Vietnam and all this. And So what wrought us?
• 1:16:48
  I'm up there only because what the Marine Corps taught us,
• 1:16:52
  first word is mission. Second word is semper fidelis.
• 1:16:56
  Semper fidelis means forever faithful.
• 1:17:00
  And so that's when I was at Mar A Lago accepting veteran of the
• 1:17:03
  year. This I said I learned mission,
• 1:17:10
  but forever faithful to your mission.
• 1:17:13
  Semper Fidelis to mission. Be faithful to your mission.
• 1:17:18
  That's the only reason I was there.
• 1:17:22
  I'm faithful to my mission to teach.
• 1:17:25
  I fight academics who teach us nothing about money, teach us
• 1:17:30
  job security, but nothing about money.
• 1:17:34
  And that's what I get upset about.
• 1:17:36
  I hate homelessness. I hate poverty.
• 1:17:39
  I can see the future with this oil going up.
• 1:17:41
  Homelessness is going to go up. More people will suffer
• 1:17:45
  financially. You can see the future.
• 1:17:48
  So if I said nothing of a coward, Semper Fidelis to my
• 1:17:54
  mission, I teach. And so Rodda Gopalan is my
• 1:17:58
  cardiologist. I said so, Rod, if I stop
• 1:18:01
  teaching, what would happen? He says you'd die.
• 1:18:04
  You must be true to your spirit's mission.
• 1:18:08
  And we all our missions are different.
• 1:18:10
  So my spirit is to teach. I'm like my poor dad and my rich
• 1:18:15
  dad. Both are great teachers.
• 1:18:17
  My poor dad worked for John Kennedy's Peace Corps, and I
• 1:18:22
  learned service to humanity through my poor dad because he
• 1:18:25
  joined the Peace Corps. And then my sister became a nun
• 1:18:29
  because of that experience, and I joined the Marine Corps to
• 1:18:33
  serve. So our job is to be in service
• 1:18:37
  to our countries and our spirits.
• 1:18:40
  Service Semper Fidelis forever faithful to your mission.
• 1:18:45
  It's amazing. So on this last trip to Vietnam,
• 1:18:47
  which is like a 2-3 weeks ago in February 2026, I'm talking to
• 1:18:53
  these guys and like I said, they saw stuff I never saw as a
• 1:18:59
  pilot. God bless them.
• 1:19:02
  When we came home, we got spit on, we got hit with eggs.
• 1:19:07
  You know, those hippies were after us, all those God's
• 1:19:10
  children, and they're spitting on us, hitting us with eggs,
• 1:19:15
  calling us baby killers. And my commanding officer with
• 1:19:19
  the pilot who flew us in there says, gentlemen, so the hippies
• 1:19:24
  are since 1972, his hippies are spitting us eggs and all this.
• 1:19:30
  He says, gentlemen, never forget.
• 1:19:33
  We fought for the right for them to do that to us.
• 1:19:38
  We fought for their freedom to spit on this.
• 1:19:42
  Never forget that. So I have a whole different
• 1:19:46
  viewpoint on what freedom is. So you can be free and you can
• 1:19:52
  spit on their veterans coming home.
• 1:19:55
  But that's what they did. They're freaking hippies.
• 1:19:58
  So even to them, a little bit bitter, you can tell.
• 1:20:01
  I asked guys my age. I said what did you do during
• 1:20:04
  Vietnam? Most of them were in college,
• 1:20:09
  they got college deferments or they went to Canada.
• 1:20:13
  Few guys volunteered. Yeah.
• 1:20:16
  What do you think you learned in Vietnam that you couldn't have
• 1:20:19
  learned from any other experience in your entire life?
• 1:20:23
  I think that was one of the why we fought.
• 1:20:26
  But I've gone back three times to make peace.
• 1:20:30
  And like I said, the we're talking about the way over here,
• 1:20:34
  what started the war. It was a French or sons of a
• 1:20:38
  bitches. You know, Vietnam was a French
• 1:20:41
  into Chinese Riviera. They had beautiful estates out
• 1:20:45
  there, beautiful chateaus, but they also had the Hanoi Hilton.
• 1:20:51
  And the Hanoi Hilton was, you know, I want to see it because
• 1:20:55
  that's what you know. John McCain was senator from
• 1:20:58
  Arizona. All the pilots were shot down,
• 1:21:01
  went to the Hanoi Hilton. So I went to visit the Hanoi
• 1:21:05
  Hilton, but it was in use by the French.
• 1:21:09
  And what the French would do is if you were protesting the
• 1:21:12
  French because they were killing Buddhists, they were shooting
• 1:21:17
  Buddhists, and the Buddhists were protesting, they'd put them
• 1:21:21
  in the Hanoi Hilton. And if you kept protesting, they
• 1:21:27
  had a guillotine in there. So let's say you had 500
• 1:21:31
  Vietnamese Buddhists in there. If you kept protesting, they
• 1:21:36
  would drag one guy out, chop his head off him.
• 1:21:43
  So war it. It was not as we're told.
• 1:21:48
  I remember I was in Vietnam twice, 66 and 72.
• 1:21:52
  I'd sit there, watch Walter Cronkite on the news.
• 1:21:55
  You know, this is Walter Cronkite in America.
• 1:21:59
  So that didn't happen. That didn't happen.
• 1:22:03
  What they're reporting was not true.
• 1:22:06
  And so, you know, we're at war kind of in this country with our
• 1:22:09
  media also, we're talking about it, how the media is also
• 1:22:13
  against some people. So when I was in Australia back
• 1:22:19
  in 1996 or something, their, their 60 minutes came after me
• 1:22:26
  because they thought I was American cult leader teaching
• 1:22:31
  and at at the same time as his history was named David Koresh
• 1:22:35
  of Waco, TX. And they killed all those
• 1:22:39
  people. A lot of them are Aussies.
• 1:22:41
  So I'm teaching in Sydney. The Australian Broadcasting
• 1:22:46
  Commission came after me and they put me up as a cult leader.
• 1:22:51
  It destroyed my business. Complete lies.
• 1:22:55
  So the press got to be very careful of who reports to you
• 1:23:00
  what. So I take all these risks all
• 1:23:02
  the time. So yesterday, Vanity Fair
• 1:23:05
  interviewed me, and then the Washington Post interviews me.
• 1:23:09
  I've got to be very careful because they can take a story
• 1:23:13
  and twist it and make it. And that's why we don't know
• 1:23:18
  what's true anymore. I think that's really quite so.
• 1:23:22
  That's where these podcasts are actually now kicking butt on
• 1:23:25
  mainstream media. But even the podcast is, you
• 1:23:29
  know, there's a lot of flakes in there, too.
• 1:23:30
  So yeah, got to be careful who you listen to.
• 1:23:33
  Oh yeah, for sure. Well, we're approaching our end
• 1:23:37
  here. We both have a birthday coming
• 1:23:39
  up. We're going to have a birthday
• 1:23:40
  party together April 10th. And so excited.
• 1:23:44
  I'm just so grateful over the past couple years that I've
• 1:23:47
  known you. You've, you've been my my hero,
• 1:23:50
  my mentor since I was 13. But knowing you and actually
• 1:23:52
  having your, you're like family to me now over these past.
• 1:23:56
  You're not my you know. She now raises my money for me.
• 1:24:00
  Yeah, exactly, exactly like the So what a dream full, so full
• 1:24:04
  circle. You taught me everything that I
• 1:24:06
  know and then now I get to work with you and and be a part of
• 1:24:10
  your investments too and what you're doing.
• 1:24:12
  So if you if, if this was like your last final message that you
• 1:24:17
  ever gave, what would you tell the world?
• 1:24:21
  What's your spirits mission? Not your body, not your mind.
• 1:24:26
  Your mission for your mind was I'm going to college education,
• 1:24:30
  your body may. I'm going to run a triathlon.
• 1:24:31
  Those are missions. But everybody's spirit is
• 1:24:36
  divine. God sent you here for a reason.
• 1:24:41
  Fulfill that mission, Semper Fidelis forever faithful to your
• 1:24:47
  spirit's mission. I teach not for the money,
• 1:24:51
  because I have to teach. It's my job to teach, and that's
• 1:24:55
  what the Marine Corps taught me. Mission Sempra Fidelis.
• 1:24:59
  Thank you. Like you taught me.
• 1:25:00
  What does God want done? Yeah.
• 1:25:03
  Thank you, Robert. Thank you.