THE FUTURE OF OUR ECONOMY -ROBERT KIYOSAKI

THE FUTURE OF OUR ECONOMY -ROBERT KIYOSAKI


(soft upbeat music) – Hey everyone, I’m Alexandra Gonzales. I’m here with Robert Kiyosaki. We’re filming a new segment
called Millennial Money, and it’s for all the
millennials that wanna apply the Rich Dad philosophy
on their day-to-day basis. So, Robert, what’s the purpose of you doing this for millennials? – Why, because I’m concerned. I’ve said it several
times during this series, that I’ve had it really easy. I graduate from school, there was a lot of high paying jobs, stock markets going up,
real estate markets. Real estate prices were really cheap. You could buy a condo for
$18,000 on the beach in Maui! You know, today you don’t do that, because the government has
mismanaged our economy. And so you guys, younger guys, you have to be 10 times smarter than me. So I’m willing to pass
on what I know to you, because what I see
happening for you guys is, I hate to say this, but
you guys are in trouble. And that’s because, not my generation, but the generation before, is leaving a horrible economy for you. So if you’re not, even
if you go to college, it doesn’t guarantee you’ll do well. So this is what I see
coming in the future. (paper rustling) So the big thing for most millennials, they’re gonna say they’ll
want to stay here, they’ll want to stay here, and I would start there. Become a professional investor. It’s not easy, gotta study a lot, but this is what I see coming. Okay, the financial statement
is the balance sheet. What I’m concerned about
for the millennials, okay? So here we have M for millennials. There’s a lot of you. But over here we have, today, boom, baby boomers, me. And what’s gonna happen is that, it’s gonna be the flow of people. These guys are gonna flow over here, and you’ll be producing the income to pay the taxes and all this. These guys are gonna come over here. We’re gonna be the biggest
liabilities you’ve ever seen. They estimate that, and nobody knows the real number, but the estimations are, this bill for all the social programs,
the welfare programs, all the social security,
retirement plans, and all this, is estimated to be $265 trillion. You guys are gonna have to pay for that. So, when old guys like me move over here, and you guys take over the economy here, what’s gonna happen is, go up. You have to pay taxes
to pay for these guys. So that’s why when I speak
to young people about this I kind of joke around
and things like this, but this is a massive, massive, massive, massive social problem. You know, if your mother and father had no money, what would you have to do? You’d have to pay for ’em, right? – [Gonzales] Yeah. – Can you afford their
healthcare right now? – I don’t think so. – You know how I cut my
finger here two years ago. The bill was $34,000 for one stitch. $34,000. That’s where this comes,
that’s their estimate. They don’t know how much this is gonna be. Total with all the
national debt and all this. And as we’re talking, they can’t balance. They need to extend the budget to pay for our bills and all this, and it’s only gonna get worse. So when I speak to your generation, our generation had it really easy. We’re gonna cruise over here. You guys have had it pretty hard, and it’s gonna get worse, is my opinion. So that’s why the idea of go to school, get a job or a car, and save money, get out of debt, put in a 401K, that was my generation. Didn’t work for us, but you guys are gonna try the same thing. Any comments for you? – So the 265 trillion, is
that gonna be taxed on us? – Well, somebody’s gotta pay for it. See, what they say is the
national debt is like 22 trillion or something like that. It’s not. It’s when you, this is called off-balance, this is off-balance sheet. When they say off-balance
sheet accounting, this is not registered here. This is Social Security,
Medicare, old age pensions, all this, all the people
my age who can’t take care of themselves, somebody’s got to pay for them. You know, they claim
it’s only 26 trillion, but when they go off-balance sheet, it’s 10 times that. And most people, oh, you don’t know what you’re talking
about, I say I may not, but I think that’s true. Okay? So the reason you, your
generation, millennials, have to be smarter, is you
guys are just coming this way. – Yeah, definitely. – And some of you can’t even find jobs. So it’s all my baby
boomer friends that said, well, what happens if
these guys disappear? And they’re, oh don’t tell me about that, Social Security’ll take care of me. Well, who’s gonna pay for Social Security? Who’ll pay for Medicare? Who’ll pay for Medicaid? Who’s gonna pay for national defense? Who’s gonna pay for all the national debt? And that’s why our school system, our government leaders, have done a horrible,
horrible, horrible job. They should be fired for incompetence! Malpractice! So that’s why BridgeTech
Company was chartered, you know, 20-something years ago, is this is basic education on the B and the I side, E and S’s don’t need this, but you guys do. So that’s why the BridgeTech
Company was formed is, you have to understand this. And so the people who are, like I was talking about,
they’re going to be E’s, S’s, B’s, and I’s. These guys are gonna pay for it, here. These guys are gonna skate past it. You know, the last Trump,
the last Trump just passed that tax reform plan or whatever it is. The tax benefits are
permanent for these guys. It’s temporary for these guys:
employers and self-employed. So I’m gonna pay less taxes. For about 10 years their
taxes will be lower, then they’re gonna raise ’em. I promise you. Because they gotta pay for this. Okay? Any comments about why you need to be more financially savvy as a millennial? – As you mentioned, as big
as the debt is gonna be, I think us as millennials, the economy’s not the same as it is today. And we have to be prepared
for the increase in taxes, and everything else that comes with it, and so it’s our responsibility to become financially educated, and make sure that we don’t
make the same mistakes as baby boomers. – If I was a millennial, I definitely wouldn’t wanna
be an E and S right now. Because the tax breaks, the
advantages, the leverage, I can expand my means, you know, like I’m living below them, but then I can expand
my means pretty rapidly. And especially today, with
the Internet and all this, you can do very well, very
quickly, you know, fast. But not if you’re thinking
like the old guys, like these guys. So you have a very huge advantage here, but unfortunately these
guys are in your way. Okay?
– Yeah. – [Kiyosaki] Comments? – Oh, no, I’m fine. – Good, so that’s why financial education for millennials is very important. That’s why the BridgeTech Company. I’m grateful for you
asking these questions, so I can pass the message on. – Thank you so much, Robert. – Thank you.

100 Comments on "THE FUTURE OF OUR ECONOMY -ROBERT KIYOSAKI"


  1. Purge the baby boomers. They don't deserve a comfortable retirement. Euthanasia the perfect solution to financial planning.

    Reply

  2. I can't believe this guy is still around. this professional bullshit artist was proven to be a liar over and over again. I thought this guy "retired" when he was 41? 30 years later, he's still hustling his ass off!

    Reply

  3. Hi there,
    I wonder if the movement of BB into liability will also happen in every country, eg. Indonesia and other developing countries. Are there any factors /hints that we need to learn and/or can consider when the movement happens?

    Reply

  4. Some shocking figures!! There is going to have to be a total shake up in the way the economy is run, perhaps some other form of capitalism…or war!!!

    Reply

  5. Hi thanks for sharing your knowledge, i have one question do this mean that we should be "saving money" until BB start selling their goods and then invest?, or all the opposite, and we should be investing as much as we can right now before they start leaving the boat? Or im getting it all wrong?.Im confused 🙂 greetings from Spain

    Reply

  6. You're taking to a woman that will marry a man with money. She is covered by the government. I assure you she will not struggle. Her husband will.

    Reply

  7. There will be a collapse. They will let the baby boomers die with death boards and go right on. This is what planned parenthood does for a country.

    Reply

  8. I wish Robert becomes the next president. I think Americans and the world would be so much happier.

    Reply

  9. Millienials are moving onto the blockchain, screw the old economy, were creating our own.

    Reply

  10. The whole system is and always was a giant racketeering scam. To clean the house every, EVERY politician from local to fed level should be shot like a rabid dog. But, since it will never happen, people continue voting for the same shysters that work for this satanic system and wonder why everything sucks. USA is finished the way i see it. USA economy is a fraud.

    Reply

  11. The social problem is not the hard number of the national debt or deficit itself. It's the mindset and culture of Americans towards fiscal responsibility and money. The above average American would fail a money test. Not how much they make, but how well they have control of their income, savings, investments and debt. Since individuals have a hard time with money, it bleeds into our education system and ultimately our government. Having worked in in both, it is astounding how much money is wasted in universities and government entities through inefficiencies and just flat out poor money and equity management.

    There is a solution for our generation though. Become a principled entrepreneur and leader. You don't have to lead huge groups of people, nor startup or run a business. But understand the fundamental rules and habits of being a good entrepreneur and leader. Not only can it change you perspective to life, but you may also find things in your career, personal life and money grow as well.

    Reply

  12. The smart ppl of every generation will grab onto whole plant nutrition with both hands and never let go

    Reply

  13. I like Robert a lot and his book but respectfully disagree here. Jobs are every where, there are more jobs now than there has ever been. And because of the tech industry, more variety. Finding jobs isnt the problem its finding one that will pay enough in an economy that keeps inflating and prices continue to rise every year but the job pay doesn't. Thats the real issue here nobody is talking about. Forget about 20 or 30 years down the road when Millinenials start retiring this is a right NOW 2018 problem and the middle class which waa formerly a comfortable living where you could save and get ahead while also living a decent life is being destroyed. You are either rich or poor now. No in between.

    Reply

  14. I'm glad he knows he had it easier, these older generations think younger ones are lazy, but millenials have to get more education then past generations, work more jobs for less money,and pay higher cost for everything

    Reply

  15. And when did we first realize that we were going deep into debt? This didnt happen overnight….but now that were 20 trillion in debt we have a problem? Did anyone see the first trillion?…That should have been a problem then.

    Reply

  16. 265 trillion is impossible to pay. There’s isnt even 100 trillion on the planet. The fiat currencies will collapse over this

    Reply

  17. No body is paying that debt every body know that . Economy will reset and crypto will replace it , the internet money .

    Reply

  18. BTW. .the young people today think everything should be free…and they don't need to be responsible or held accountable for their actions…not all of them think that way but a lot of them do….

    Reply

  19. 265 trillion? Holy fuck. I knew social programs for baby boomers was going to be crazy but….wow

    Reply

  20. oh gawd . why do i have to be 10 times smarter ;o. well i am working on it, so please be patient

    Reply

  21. some tings, you dont hav3e to think about are always inside presentations i noticed . so, is this just me, or are there others who experience the same

    Reply

  22. oh gawd . you are an expensive man . xD
    you better spent some money on me haha xD .
    Doing a great job, continue plz 😀

    Reply

  23. Im going to youtube "how to stitch a finger with floss." Do it the girl with the dragon tattoo way. XD

    Reply

  24. Robert, You had me up until $34,000 for a cut… That was ludicrous, why don't you just say that either there were complications or something.

    Reply

  25. So if every millennial becomes a investor and business owner, who pays for social security considering they all get tax breaks?

    I love how he teaches the thought of money but he never says how it would work if everybody practiced his program.

    The way I see it, it would never work if everybody practiced his program. Can’t everybody be a business owner and employ people if they are practicing this same plan. Somebody has to build houses. Somebody has to work at the grocery store you shop at. I am very curious how he could/would explain how all the services and products we need and use would be available if everybody practiced his program. If this only works for a percentage of people in our economy, he needs to add that as a clause. I can see Dave Ramsey’s plan working for everybody but not his plan. Please share with me how this would work!

    Reply

  26. So what I am gathering from this video is invest in what you love not do what you love. But what does investing in what you love look like. Investing in a rental property for example and taking that money to create cash flow? I need examples

    Reply

  27. Where do you go to learn how to be on the B/I side of it all. I get spammed constantly on YouTube for Internet/YouTube startups but all of them look like BS to me. I've watched a lot of Robert's videos and bought some of his books but they seems to do much in the same… get away from the E/S side and join the B/I side. Doom/Gloom that the finanicial shit storm is coming. And I believe that it is, it just seems we get to what we need to do, but not necessarily how?

    Reply

  28. Robert Kiyosaki already said how to get rich fast and get ahead financially in 2018 and 2019 https://www.youtube.com/watch?v=VL1N1omQ0WY

    Reply

  29. Hey Robert, you cut your finger and require $34000 for 1 stitch? Can i know which hospital you went to? I thought you are smart guy. Haven't you realised you got scammed? And Asshole, stop scaring that young girl with fake numbers

    Reply

  30. I think that 65 is way too young to retire honestly, their still around 10 years of good solid working, plus 65 to 70 are usually the highest incomes years that you could be making more money and not have to dig at all in any of your retirement nest

    Reply

  31. My question is How does he get all the information so accurate? How can a normal citizen like we in general can get information like this?

    Reply

  32. Alexandra is a beautiful young woman. I hope she's not offended but I had to say it, I am sorry…

    Reply

  33. about 500 -1000 for Robert the rest is malpractice ins. and paying for the huge amount of welfare and illegals who get everything free. My wife is a charge nurse, in her unit the bed is 20k for 5 days —-just the bed.

    Reply

  34. 34K dollar for a stich…Jez… So why doctors don't get billionaire? Do you need to pay tax for surgery ?

    Reply

  35. It was at the 3:11 minute mark that I realized the BB don't understand. We're not paying for your shit. We're not going to be using your money. We're going to be in sound, untraceable money. We're going to be in crypto. You all really need to look at money as a form of technology. Why was it developed? What function does it serve? Like anything else if a better more efficient technology comes along that solves the same problem as the existing one, then it's just a matter of time. It's just evolution. That big bill that Robert is talking about, when it comes due, is going to blow up the very currency it depends on. It's going to destroy the dollar. And those that are ahead of the curve will be nowhere near it. The fire escape has already been built, the BB have stacked the wood, and the current financial system is just waiting for a match. Good luck BB, your days, in every sense, are numbered. You better wake up and gain a very deep understanding of what the founding fathers were talking about when it came to the nature of money. You better take that piece of paper out of your pocket, that you know you need to survive, that you spend your entire life struggling to acquire and ask it, "What are you? How do you function? How did you function before? (and most importantly) How will you function in the future?" There are cycles of time that apply to humans, that are longer than a single generation. Look back to look forward. Apply the philosophies of old with the technologies of the future. If you have eyes to see and ears to hear, what is to come is painfully obvious.

    Reply

  36. why cant the government just create more money? its never going to pay the national debt anyways so just continue doing what has been done since 1975.

    Reply

  37. Your videos series is unorganised It's very difficult to find the next episode maybe this is the first episode

    Reply

  38. The funny thing about these people is that they always say they are concerned about the future of the millennials, and they want to help us by making these youtube videos to show us work around the real issues, instead of taking responsibilities and try to change the system. What they really care about is their money, nothing else!
    Horrible generation:(

    Reply

  39. Your videos repeat the same story and same diagrams…where are the basic steps to solutions for people who want to invest in assets and move their IRAS (in a tax smart way) to other passive income assets? Otherwise this is very depressing. Thank you

    Reply

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