Robert Kiyosaki’s Rich Dad Poor Dad has been one of the most critically acclaimed financial help books. But in today’s episode, Rich Fettke takes that further with his book, The Wise Investor, into a modern parable that will help you understand real financial freedom.

Rich is a licensed real estate broker, active investor, and co-founder of RealWealth, a real estate investment group that helps its 60,000+ members improve their financial intelligence, secure passive income, and obtain financial freedom. Rich is also the author of Extreme Success (Simon & Schuster, 2002) and the audio program Momentum.

[00:01 - 05:53] Opening Segment

• Introducing Rich Fettke to the show

• Brief background and career

• Becoming a successful real estate investor

[05:54 - 10:33] The Wise Investor

• Blending Robert Kiyosaki’s Rich Dad Poor Dad and Paulo Coelho’s The Alchemist

• A modern parable about creating financial freedom and living your best life

• Rich discusses how the book can help readers build wealth in multiple ways

• Rich shares the plot and the lessons of the book

[10:34 - 15:45] An Unconventional Perspective on Assets and Liabilities

• Opening people’s eyes to financial assets and liabilities

• The importance of compartmentalizing things

• Time is a finite currency

• There is no self-made success

[15:46 - 19:19] Mindset of a Wealthy Person

• Real wealth is living on your own terms

• Rich people don’t live on envy

• Wealthy people focus on education rather than entertainment

[19:20 - 24:33] Closing Segment

• Get to know more about Rich in the Quattro Trio!

• See the links below to connect with Rich

• Final words

Quotes:

"There's no such thing as self-made success." - Rich Fettke

“An asset is anything that brings you income, or better health, or more happiness, or more time. And liability is just the opposite.” - Rich Fettke

Connect with Rich through LinkedIn, or visit www.RichFettke.com. Get a copy of his book, The Wise Investor!

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Real Estate Runway Podcast is all about alternative business and investment strategies to help you amplify life, and maximize wealth! Click here to find out more about the host, Chad Sutton.