Aug 3, 2026 · 57 min · 13 segments
Financial freedom isn't about earning more—it's about building assets that create choices. David Phelps sits down with entrepreneur, investor, and Rich Dad Company co-founder Kim Kiyosaki to discuss…
Kim KiyosakiGuest
David PhelpsHost
You know, our culture, particularly, you know, our educational system is just built on, you know, don't raise your hand to ask a question because if it's a stupid question or, you know, you get frowned upon, right? Don't try things.
Even in my own life, I'm just say i kind of stayed straight and narrow into the studies that i knew i needed to do well in to accomplish the educational goals and i did not take the opportunity back then to be more diverse in my studies because i was afraid i was afraid well i might trip up today looking back i would tell young people be as diverse as you can early on don't go into a specialization of any kind i'm just talking about education general you know get your you know get out there apprentice intern uh look at a lot of things before you decide where you want to go.
Um, because we're, because, because we're, again, we're, we're afraid to try things because we might get a lesser grade that won't let us progress to something else.
And to that, David, think about, okay, to be successful in the real world is opposite of how you're taught in school.
Or they come out of school thinking they're smart when they're academically smart, but they're not really smart.
I had friends, parents of young kids, and I'm like, how do you deal with this? And they're like, we have to kind of deprogram them every night as to how you learn and how you grow and how you become successful.
But as an entrepreneur and an investor, you've got to really re-examine how that programming happens in school.
What's the thing? The C student, the B student works for the C student and the A student works for the government.
You know, our culture, particularly, you know, our educational system is just built on, you know, don't raise your hand to ask a question because if it's a stupid question or, you know, you get frowned upon, right? Don't try things.
Even in my own life, I'm just say i kind of stayed straight and narrow into the studies that i knew i needed to do well in to accomplish the educational goals and i did not take the opportunity back then to be more diverse in my studies because i was afraid i was afraid well i might trip up today looking back i would tell young people be as diverse as you can early on don't go into a specialization of any kind i'm just talking about education general you know get your you know get out there apprentice intern uh look at a lot of things before you decide where you want to go.
Um, because we're, because, because we're, again, we're, we're afraid to try things because we might get a lesser grade that won't let us progress to something else.
And to that, David, think about, okay, to be successful in the real world is opposite of how you're taught in school.
Or they come out of school thinking they're smart when they're academically smart, but they're not really smart.
I had friends, parents of young kids, and I'm like, how do you deal with this? And they're like, we have to kind of deprogram them every night as to how you learn and how you grow and how you become successful.
But as an entrepreneur and an investor, you've got to really re-examine how that programming happens in school.
What's the thing? The C student, the B student works for the C student and the A student works for the government.
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