com and were going to kick this video off with a quick giveaway were giving away a hundred dollars, and all you have to do is Give this video a bruce lee stomparoo right to the like button, subscribe and comment below every single comment that you leave enters you into win and then head on over to runguys.com, to subscribe to our video newsletter right now, because thats, where we announce the winners. Every single week now, with that being said, lets make some money. This subject: wealth and income and equality are the biggest moral crisis. Id also say its a spiritual crisis in america. Today, all around the world, this gap between the rich and everybody else is reaching critical proportions, and i think one of the biggest crisis is the young people. Todays young unemployed become tomorrows unemployable, they lose valuable jobs, training skills, so im going to show you a picture. Is worth a thousand words ill? Just show you some pictures about how rapidly this inequality as well as opportunity. Inequality is growing, so whats happening in america. Today, savers are losers. You know most parents see the kids, go to school and save money and work hard, but in 1970, when i graduated from school, a million dollars at 15 interest earned me 150 000 a year. Now you could live in 150 000 a year back then, but in 2016 do this thing called quantitative easing. I called the greenspan put its uh. One million dollars at negative five basis points its going to cost you a million dollars to save a million dollars.

That is how deteriorated our financial systems have become, and this is one of the causes between the gap between the rich and the poor. Another thing is that fewer and fewer families are receiving middle class incomes, its going down every time we shop at walmart, we ship dollars and jobs over to china and pakistan and all the other countries thats capitalism. Another thing thats happening when peoples incomes go down, they become dependent. Now the us government tells us that poverty has been beaten in america. Well, maybe poverty has been beaten, but what has increased is the entitlement mentality, the identity that the government and other people should take care of me, as i said, its a moral crisis as well as a spiritual crisis, i learned in sunday school give and you shall Receive and too many people today think they should receive. This is the other crisis. Here is social security being japanese, the japanese call it ah social security im, a racist, i know, but anyway, ive met so many people, my age theres about 75 million baby boomers on the top of the baby boom chain. We expect the government to take care of us thats a lot of highly educated people, thats a crisis, so in uh 2002 i published this book rich days prophecy. 14 years later, the prediction was a 2016.. There would be a global financial crash were in 2016., and here we are in 2016.. You can see it coming the first 10 years of this century.

We have had three major crashes in 2000. Was the dot com crash, followed by the 2006 real estate subprime crash and then 2008, the banking crash? The question is: is this? Next? This is the giant crash of 1929 and every time i listen to those guys on cnbc, i call it bubble vision. They keep talking about the giant crash of 1929.. They tell you what doesnt even compare to this one coming. You know so thats why i write, and i speak and im very concerned about our futures, our well being and the state of the economy, so to be talking today about why the rich are getting richer. Commercial message is my next book coming out, but ill explain, ill, explain some of the tricks of the trade. Why guys, like me, get richer and everybody else is not and um. This is quite interesting. This is one reason the rich are getting richer. This is the bush tax cuts. The biggest tax cuts goes to the top one tenth of a percent, the server wallet business and all this and everybody thinks yeah. When, when you you start getting successful, lifes easy well, no success is expensive. You know i started selling these silly wallets and also they took off and i spent more time raising capital to buy more inventory. So i could sell more, but it was a great learning experience. I learned to make a lot of money selling wallets, but anyway my life changed when i met this man here, dr our book.

Mr fuller, this heres, what fuller is noted for hes, considered a futurist and a friendly genius. This is a geodesic dome, which is at the montreal worlds, fair in 1967 for 1967, i hitchhiked from new york city all the way to montreal to go see the dome and it was a mind, blowing experience. I never thought id ever meet the great genius. You know john denver calls him uh the planets friendly genius so anyway, but in 1981 i had a chance to study with him up in kirkwood california, near lake tahoe for five days, and i made the mistake of sitting down next while he sat down next to Me really – and it was a visit whats called the future of business seminar and he sits down next to me, says robert: what is your lifes purpose? What is your mission in life? I said oh to get rich wrong answer. He chewed me out. He said its a waste of a good mind. You know its just. Why dont you do something to change the world lets change the world. I just want to get rich, you know, and finally i got it as he says. You know im not here to work for me im here to work for everybody else, and it was a very pretty cathartic event once i realized how greedy i was then um i studied with him for three years and every time he kept asking the same question That he asked himself, what can i do im just a little guy? What can i do im just a little guy? He was tiny too.

So i asked all of you. What can you do just little people many ways, so i studied with him for three times. 81, 82 and 83, and then he passed away in july first 1983. He left this book behind its called the grunge of giants. It stands for gross universal cash sites, g r, u n c h its how the ultra rich rip us off now. Fuller is a friendly genius. He never wrote finance books or economic books, hes of math science, art design, hes an architect. I read crunch of giants or understood it because its exactly what my rich dad was telling me. The rich are ripping us off. So at that point i said huh, what can i do im just a little guy and i decided that time i would take on grunge and for those who wonder who grunge is you mean just notice that those crashes we just had you know we got bailed Out the rich got bailed out, let me tell you, ladies and gentlemen, bernanke and the president and paulson stand up there and they say this was a mistake. We have to save the economy, thats a lie. I hesitate to. I hesitate to tell you that its a lie, they bailed out the rich, its part of the business business plan. It goes on all the time. So, ladies and gentlemen, i said in 1983. I got to do something about this, and what can a little guy do? Is take on the biggest banks, the federal reserve bank, which is not a bank, not federal, no reserves, not american, get the hint and i could take on wall street.

I could take on government, but i could also take on the school system see, ladies and gentlemen, those crashes these bailouts are not accidents, and neither is it an accident with no financial education in school. What my research found since 1983 is premeditated. Just as prior to the civil war, it was illegal to educate, a slave were not allowed to learn about money in school and when i found that out, i said okay, its time for me to get on with my life and start teaching. So i started, i cant be much like my rich dad and my poor dad. I started teaching and it was not too far from here my wife and i were homeless in san diego. You know doing our best to teach because we cant go inside the school system and nobody wants to listen so anyway, thats how it started, and so im going to tell you what financial education really is ill start by telling you what its not financial, education, isnt, Saving money and investing for the long term in the stock market and getting out of debt exactly the opposite of that. So my financial education began with a game of monopoly. You know, we all know the formula four greenhouses, one red hotel. So when i was nine years old until i was about 20, which then i and osama played monopoly and thats how i learned to become a rich man, so the reason it works is this is the cone of learning it was created by a man named professor Edgar dale and in 1969 he came up with a cone of learning, and he said this is how human beings are designed to learn notice.

The worst way to learn is by reading, and the second worst way is lecture listening to boring teachers thats why? I was never at school anyway, i was there but anyway, and then what you guys are doing is youre, looking at pictures watching a movie thats, why ted talks works, but also the second best way is called simulation. Simulation is where you get to make your mistakes. You get to make your mistakes after mistakes, you just make mistakes, see human beings learn by making mistakes except in school. You make mistakes, youre considered stupid in business. You make a mistake, youre fired and you make a mistake in business. Youre, a failure, so a persons got to find a place to make mistakes in scientists like edison. It was a laboratory. So the reason i learned a lot was i made mistakes playing monopoly thats. How thats, how i learned so much and today i play monopoly in real life, my wife and i over 10 000 units, several hotels, golf courses and oil wills, but thats the game. You know once you learn in your brain by playing games simulations the way you learn, so you practice practice practice practice practice you make mistake after mistake after mistake, like a golfer, makes mistake after mistake after mistake, then they turn pro, but the reason a lot of People are not rich, they think mistakes make you stupid its criminal. A baby cannot learn to walk unless they fall down.

Cant learn to ride a bicycle until you fall off the bicycle, so thats, where our school systems letting us down. So i love the military because they taught they taught us to make mistake after mistake. After mistake, every day we flew, we practiced emergency procedures and every day i killed my engine to fly my aircraft without an engine, and this here is me doing the real thing. I went down three times in vietnam if not for practicing crashing. I wouldnt be here today. All five of my crew came home alive. So what i did was after bucky kind of chewed me out. He said what can i do im just a little guy, my wife and i created this board game called cash flow, but this is the key to a cash flow game. Here this is called a financial statement. Is you add a financial statement to monopoly? You have cash flow. This is financial literacy, how you understand numbers, so the beauty of the cash flow game is today we have thousands and thousands of cash flow clubs all over the world. People teaching people without having to go through school and get into student loan debt. Now you have to go to school, to be a doctor, a lawyer, an engineer, but you dont have to go to those children to be rich so all over the world. Today i asked i didnt follow dr fulder asked. I started empowering people to learn so all over the world today, every day in different languages, people are teaching people the same lessons.

My rich dad taught me and this heres the financial statement. Income expense asset liability. The beauty of this here is this. This is your report card. When you leave school, your banker, my bankers, never ask me my grade point average. What school i went to my bank wants to see my financial statement and the reason most people cant vote loans. They dont have a financial statement. They dont even know what it is when they leave school, even college graduates. The reason i can borrow hundreds of millions of dollars, i have a strong financial statement, its financial literacy – and this here is very simply its income expense asset liabilities, poor dad always go to school and get a high paying job. The problem with education, they think, should be employees rich, dad taught me to be an entrepreneur acquiring assets. Four greenhouses, one red hotel assets are very simple: you can plant and plant the apple seed and apple seed grows into a tree. You harvest the apples, you sell the apples, you reinvest your profits and you keep building an orchard thats how you get rich or a friend of mine when he was in high school. His grandma gave him some chickens, those chickens like eggs. He sold the eggs and reinvested it and when he was 45, i think he sold his business. He was selling 10 million eggs a day to costco and walmart. You dont have to be a rocket scientist to build assets, just buy a couple of chickens.

Okay, so the power of words, financial literacy, begins with words because words affect your brain. As my poor dad always said, i cant afford it. You know in sunday school i learned. The word becomes flesh every time you say you cant afford it. You say: im poor im, a loser. I cant do something im helpless. The government should take care of me, its disgusting rich, dad taught me. How can i afford it? So when i had no money, my wife and i just kept saying well, how can i afford it and pretty soon your mind opens up and thats when intelligence comes in most important words and money are basic theres only four assets liabilities cash flow thats, it thats For financial literacy income, i mean assets, liabilities and cash flow. You understand those four words. Basically, then you then you can build your vocabulary. Money has a language, but its not taught in school its taught job security versus be an entrepreneur. You know look for job security. Instead of go for financial freedom, if somebody should take care of you and said im going to take care of other people as an entrepreneur, i have thousands of employees. You know thats what thats my job to create other jobs, give them a safe, safe life. So number one is assets. Number two is liabilities cash flow. These are liabilities. The reason the poor and middle class grow poor is because they think their house is an asset.

If you read rich dad porter. That said, several things, savers are losers and your house is not an asset. This came out in 1997 and 2007, the sub prime market crashed and tens of millions of people throughout the world found out their house was a liability. Look if you use the wrong word to describe the wrong issue, you will always be stupid and broke so dont call a liability, an asset and thats. Why so many people are broke theyre using the wrong words, the words become flesh financial literacy change. Your words change! Your life never say i cant afford it ask yourself: how can i afford work to acquire assets, not liabilities? That, ladies and gentlemen, we have thousands of cash flow clubs around the world. People are teaching people you dont have to go to school, to learn to be rich. So the thing is: is becky fuller, challenged me? What can i do im just a little guy, i stopped making wallets and i started making sense creating my wife and i created this cash flow board. Game is played throughout the world today. Every day, tens of thousands of people are teaching themselves thats how you change the world, but we change your words. You change your life, so the best news is words are free. It doesnt take millions of dollars to change the world, just change your words. Thank you very much make sure you like comment and subscribe and share it.

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