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I have never been able
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ever since my rich dad,
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since a little boy.
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My rich dad forbid me
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for ever saying
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I can't afford it.
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He says, Figure out
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how you can afford it.
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How can you do something?
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Figure out how
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you can do something.
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So over my lifetime,
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most of the projects
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I've started,
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I've never had any money.
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I like not having money
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because it forces me to think
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I get creative.
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I have to educate myself.
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I have to talk to rich guys.
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Hey, how did you do this?
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How'd you do that?
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How do you do that?
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And what has happened to me?
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I just turned 72.
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I've never needed money.
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Because if I need money,
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I figure out how to raise it.
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It's easy to say
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I can't afford it.
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All the poor people say
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I can't afford
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all the poor people
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say let’s tax the rich.
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all the poor people are saying,
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Well, give me a free
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education, free
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food, free schooling,
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free manicures, free pedicures.
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There's laziness.
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Lazy people always say,
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I can't afford it.
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I don't have the money.
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That's why they're poor.
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They have a poor mindset.
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So instead of figure out
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how to raise money.
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It's just really easy
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to be a loser,
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and I call you losers.
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because we all have the power.
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If we wanted to,
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to not be poor,
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if we learned how
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to raise money.
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So I hear, you know,
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and I reason I get upset,
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I still get hot.
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My poor dad,
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my Phd. father.
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He always said to me, this is,
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you know, I'd be a rich man
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if I didn't have you kids.
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And I said, Well,
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you know, Dad,
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not my fault you had kids.
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You know, I'm a...
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I just can't afford that
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because I have kids.
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And the more he said that,
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the angrier I got.
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He thinks his Phd.
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is going to carry him.
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Everybody can say,
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I don't have money.
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I can't afford it.
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He says that's why he's poor,
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He's lazy.
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But my father kept
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going back to school, you know,
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Stanford,
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Chicago, Northwestern.
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He never learned
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any of this stuff.
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They still don't know
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because most teachers
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want a paycheck, pension
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and tenure.
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They want job security.
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So the mindset is different.
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So, you know, over my lifetime,
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I've raised
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hundreds of millions
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of dollars.
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And it's because I don't have
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I didn't have money
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as a young person
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that I learned
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how to raise capital.
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And it's really quite simple.
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You have to find an asset
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that's worth more than me.
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You know,
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if they can't invest in me
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because that's called slavery,
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you know, buy me, you know.
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I started off
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looking for this one
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little piece of real estate.
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I filed an excuse,
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you know,
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this one bedroom,
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one bath condominium
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on the beach in Maui.
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And I found an
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excuse for people
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to give me the money.
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I'd pay them back.
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So my first deal was
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a infinite return deal.
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I had no money of the deal
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because I was 100% debt.
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There was an $18,000 condo.
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It was an $18,000 condo.
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We can’t touch for that
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much anymore.
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But the economy was bad.
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So by this 18
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thousand dollar condo,
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guy wanted 10% down.
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You don’t need
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higher math
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10% of 18.000$ is
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1800$
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I could’ve use my money
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I had the money
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But that would be too easy.
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All the lazy people
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use their own money.
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and that's
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what really pissed off
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a lot of people out there.
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You call him a loser
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Yes I am.
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I said, Yes, I am.
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I can’t do that.
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Most of my family said
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I can’t afford it
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I can't afford it.
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My father taught to say that.
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My mother taught to say that.
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My wish.
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I said never say
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that is investing
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is invest in what you love.
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I love business.
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I love real estate.
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I mean, I really love
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I own this building here
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and I love gold and silver.
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So I invest in what I love.
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Most people say, you know,
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do what you love,
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Barbara, brother.
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Invest in what I love.
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But I love
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being an entrepreneur.
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I love investing.
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It's like Shark Tank to me.
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I'm always looking
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at new businesses, new deals.
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It's just a game like this.
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You know,
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when you look at
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the financial statement,
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that's like a scorecard.
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It's like a golf scorecard.
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That's your
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financial statement.
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But as you know,
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our school system is nothing
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about financial statements.
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it goes
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back to the original question
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Why did I say only lazy
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people use their money?
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Because lazy people always say,
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I can't afford it.
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You know, I can't do it.
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It's easy to say that.
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And that's why they're poor.
16999
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