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Video recorded during a private meeting at the Rich Dad offices. Rich Dad Advisor on Taxes, Tom Wheelwright and Rich Dad Advisor on Real Estate Ken McElroy shared how the rich use debt and taxes to get richer.
With perspectives on money and investing that often contradict conventional wisdom, Robert has earned an international reputation for straight talk, irreverence, and courage and has become a passionate and outspoken advocate for financial education.
Satoshi Nakamoto is supposed to be the creator of Bitcoin - 2008. He published the White Paper but smartly hid his identity. He would have been taken out years ago if his identity were known.
Ross Ulbricht was the creator of the "Dark Web" or "Silk Road." What was sold on Silk Road was no different than what is sold outside of the Internet, some legal, some not so legal. The U.S. govt hit Ross with "two life sentences without the possibility of parole plus 40 years and $183,961,921 fine."
Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible (a house, car, cash, land) or intangible (intellectual property, patents, copyrights, branding).
The more debt you used, the higher your ROI (Return on Investment). Debt pays all your expenses and gives you income. Borrowing money, you're using other people's money to buy assets.