If you are like most listeners and guests of this show, the book Rich Dad, Poor Dad, was a complete game-changer and likely flipped the way you think about money and wealth upside-down. Today, Matt is sitting down with the man that started it all, Mr. Robert Kiyosaki, for an interview about his new book, Second Chance.
Rich Dad, Poor Dad, written in 1997, taught us that our houses are not assets and that savers are losers. While understood by some, these statements challenged the prevailing financial wisdom and largely angered the public. He was crucified in the media, and considered a fraud by those who clinched tightly to what Kiyosaki calls their “middle-class mentality.” It wasn’t until 2007 with the subprime lending crisis, and again in 2008 with quantitative easing, that the world took notice: Robert Kiyosaki was right.
In his newest book, Second Chance, Kiyosaki helps people understand the past so that they, too, can make accurate predictions about their financial future. He says of Second Chance, “My new book trains your mind to see what your eyes cannot.”
What your eyes might not see is that, when choosing your financial strategy, there are actually 3 sides of a coin to choose from. The poor and middle class, along with their outmoded financial habits are on one side of a coin, with the rich and their financial habits on the other. When deciding the most ideal strategy for yourself, Kiyosaki argues that the best vantage point is the third side: the edge of the coin. “Intelligence occurs when you stand on the edge,” he says.
So as you watch to today’s Financial Freedom Friday interview, ask yourself: Where are you standing?
What interests you most?