Skip to content How Main Street Capitalism Preserves Main Street Liberty Sep 27 · 35 min ...more
How Main Street Capitalism Preserves Main Street Liberty
September 27, 2025 · 35 min
Russ sits in for Robert Kiyosaki on the Rich Dad Show and interviews as young entrepreneur whose politics changed when she experienced Main Street capitalism. Politics divides. Prosperity unites.
Series Russell Gray Everywhere September 27, 2025 · 35 min · Russell Gray Everywhere
Russ sits in for Robert Kiyosaki on the Rich Dad Show and interviews as young entrepreneur whose politics changed when she experienced Main Street capitalism. Politics divides. Prosperity unites. ...more Show the full description Show less Russ sits in for Robert Kiyosaki on the Rich Dad Show and interviews as young entrepreneur whose politics changed when she experienced Main Street capitalism. Politics divides. Prosperity unites.
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Understanding Capitalism and the Role of Money 0:00 Talk a little bit about what happened there and how you you made the transition from being somebody who worked at a job to somebody that owned their own job to eventually somebody that created jobs for other people.0:14 Welcome to the Rich Dad Radio Show, the good news and bad news about money. I'm Russell Gray sitting in for Robert Kiyosaki, and I am super excited to be here. On today's show, we're gonna be talking about what I call0:25 main street capitalism, what it is, why it matters, and how becoming a Main Street capitalist is not only a great path to personal wealth and freedom, but why the world needs you to be a successful0:37 Main Street capitalist. Plus, we've got a special guest, a real world Main Street capitalist whose entrepreneurial journey has some amazing lessons, and you're really gonna love that. But before we get there, let's just0:47 talk a little bit about capitalism and kinda what capitalism is because it's a really misunderstood word. In fact, to some people, it's a dirty word. Obviously, the word capitalism is rooted in the word capital. That's0:59 probably another misunderstood word. So let's go we're gonna go ahead and throw away the economic textbooks for a minute, and we're just gonna use some good old fashioned Main Street common sense. Capital is just the1:10 stuff that we all want, goods and services. If you really think about it, we really don't want the money. When you think about, oh, I want a bunch of money, what you really want is what the money will buy you. And so the1:20 stuff that you really wanna have, that's capital. So money isn't capital. It's just a claim on capital. So money is really a store of value. Somebody goes and produces something, you go and produce something, you're not1:32 ready to consume your own production, or you don't want your own production because you wanna trade it for somebody else's production, then you use money. And we sometimes mix up money and currency. I'll talk about that1:43 in just a minute. But money is that thing that we use as a medium, used to use as a medium of exchange, but no more. But we use it as a store value. So if I save my money from work that I did today, 101:55 years from now, if I go to spend that money, if it's really money, it should be able to purchase me the same amount of stuff as when I saved it. Of course, if you understand the word inflation, you know, that's not the2:07 way the world works, and that's because we took money and currency and separated it. So currency, these little green pieces of paper, if you're in the United States that Americans use called dollars or wherever2:19 you are, whatever that medium of exchange is that we call money, it's really called currency, and it floats around or circulates around the economy like electrical current. It's what makes the economy2:31 work. It's very, very important. You have to have currency if you're gonna have an economy. So currency is a medium of exchange. So think of it this way. If you had 2 quarters, if you had 2 American quarters, 19 64 and2:43 19 65, in 19 65, either 1 of them would buy a gallon of gas. And today, in 20 24, only 1 will. Do you know which 1 and why?2:55 Sadly, a lot of people don't know this. I've I've I've done this with financial planners, people that really should know, and they do not understand. In 19 64, the quarters were made of silver, and so they were both3:07 money and currency in 1 unit. In 19 65, they took the silver out and they just gave the, the public, zinc plated copper3:18 tokens. And so even though they had a face value of 25 cents, they really weren't made of anything that had real value. So fast forward, when gasoline went from 25 cents a gallon to 2 dollars3:30 and 50 cents a gallon lost a huge percentage of value, the quarter would only buy 1 tenth of a gallon, the 19 65 quarter. But the 19 64 quarter, because the value of the intrinsic3:42 value, the silver went up, it actually retained its value. It would still buy a a gallon of gas today, not by using the quarter because you'd have to turn the quarter in for money, silver, sell3:54 it, get currency, dollars, and then go buy the gasoline. So if you're wanna understand how that all works, there's a website you can go to called coinflation dot com, and you can see how that4:06 works. So it's really important. When you hear Robert Kiyosaki say savers are losers, he's talking about people who are trying to save currency, mistakenly thinking it's money. And then when you hear people talk about4:18 capitalism and capital and they're talking about currency, they really think they're talking about capital or or money, but they're they're they're not talking about true capital. They're just talking about a claim on4:29 capital. So there's a word in financial, circles called derivatives. You probably heard about that in 2008 when the whole world blew up because of derivatives. And a derivative is not the4:40 thing of value. It's a claim on the thing of value. And so the argument that I'm making here is that capital, the goods and services that people produce, that is what is a real value. Money is merely4:52 a store of value to make a claim on those goods and services. Currency is just a medium of exchange in which to trade with somebody to trade the value of your production for the value of their5:04 production. And so because we print currency without equal amounts of production, that creates what's called inflation, and that's why it takes more and more currency to buy the same stuff.5:16 Now there's 1 more derivative that you should be aware of when people talk about capitalism, they get very, very confused, and that's credit. Credit is a derivative of currency, which is a derivative of5:28 money, which is a derivative of capital. And so just like Robert says all the time, your house is not an asset. You have to have good definitions. Right? You have to understand what what you're talking5:40 about. And so it took me a long time to understand this because I had, like, a lot of people thought, oh, capitalism is making currency. If I trade pieces of paper back and forth, trade stocks, trade, whatever, I'm a5:51 capitalist because I'm earning currency. But I'm not really a capitalist because I'm not really creating anything. So the difference between Main Street capitalism and other forms of, like, financialized capitalism is6:02 main street capitalism is actually producing real stuff. And so and then and then again, you have to realize that that claim on, the the real stuff, has to manifest6:14 in some form of cash flow. That's why Robert says that a real asset puts money in your pocket. So even a property, if you own a house and it doesn't produce income, it's really not an asset. It's a house. It's nice. And6:26 maybe you can live in it, and it saves you from having to pay rent. And that's what the value is. So it provides cash flow in terms of the money you don't have to spend. But really, a property without the6:37 cash flow isn't worth much. And so where does the cash flow come from? Productivity. What is productivity? The production of capital. So when an economy gets financialized where it doesn't6:49 really produce anything, it just trades pieces of paper and prints money. And that's a lot of what's been going on in the United States over the last many years. It begins to get fundamentally weaker, and that weakness7:01 shows up in inflation. So if you've wondered really kind of where we're at in the cycle, why we're having the issues we're having, why Robert always talks about Nixon taking us off the gold standard in 19 71, why our7:12 money went from being money to credit, or why dollars went from being money backed by gold to credit. This is what he's talking about. So I thought I'd take advantage of the fact that I've got the microphone here on the7:23 Rich Dad Radio Show to explain that to people because I think it's important that people understand that. So capitalism, true capitalism is where all the jobs, real wealth, and everything good comes from. Now there's7:35 another word you hear talked about a lot called socialism or even communism, and, you know, Robert doesn't like those things. But they're really also forms of capitalism. So I know that may sound weird, so stick with me7:45 for just a minute. Because capitalism if capitalism is production of goods and services in my definition, then even socialism or communism where things are being built, or created, is a form7:57 of capitalism. So the difference isn't that things are being created. The difference is who owns them. And 1 of the premises in communism is the abolition of private property. So ask8:09 yourself this. If you like owning things yourself, in your own name, or in an entity that you control, and if especially those things that pay you to own them, like rental property or businesses,8:21 you know, being in the b and the I quadrant, If you prefer to keep the profits and the wealth that you earn, then by definition, you are a capitalist. And so there are people out there who wanna convince you that you8:32 shouldn't own property, that other people should own the property, and then you just, you know, get it because you happen to be alive. The problem with that is it takes away the human motivation to create. So I'm not8:44 gonna get political, and I'm really not gonna talk about the way things should be. I'm gonna be talking a little bit about the way things are and how we have raised up generations of people to think somehow8:55 it's okay for the people who produce things, to have those things taken away from them and other people who maybe don't produce to have things given to them. Is the system rigged 1000 percent. Is it harder9:07 when you're small to compete? Yes. It is. Are there things that need to be fixed? Yes. However, you're not powerless. There are things that you can do. And so what I really wanted to do today is share with you somebody9:19 that I got a chance to meet who is done this. She's a young lady who has a business that, provides some services that I actually use and need, and maybe you do too. And I'll let her tell you a9:31 little bit about that. But she she, grew up, believing like a lot of people go to school, get a good job, you know, and then save money and invest in the stock market9:43 4 0 1 k for the long term. And as she went down that path, like a lot of people, she began to wake up. As she began to become a capitalist, her thinking changed. So I think there's so many lessons. This is probably9:54 somebody that you would never hear or see except that I happen to know her, and I wanna share her with you. So, without any further ado, let me welcome Leila Adnani, to the Rich Dad Radio Show. Welcome, Leila.10:06 Hello, Russ. Thank you for having me.10:08 I am excited to have you here. So I think what I'd like to do is, really kinda go back to the well, first of all, let's do this. Let's start where you are today because let's create a baseline. We're10:20 gonna kinda start where you are today, and then we're gonna go go back to kinda where you came from. Perfect. And then the journey that you went through. So tell me a little bit about, you know, your business today, what10:29 you're doing, how you look at the world, all that.10:32 So I own a business, PS Creative and PS Studios, located in headquartered in Scottsdale, Arizona, but we've got clients out all over the country. And I've owned this business for the last 13 years, and I started10:44 in Washington, DC pretty much right out of college.10:47 Okay. And so talk a little bit about where you're at in life. You know? If if you don't mind, how's your business doing, and all that kind of stuff.10:55 The business, I'm proud to say, has been profitable, 12 out of 13 years. The 1 year that it obviously wasn't that almost took us out was, of course, 20 20, which, you know, I give myself a pat on the back for being11:07 able to survive that. We went from having the best year ever in 20 19 to needing government loans to be able to stay afloat and keep the lights on. So it was a real awakening and something that I could have never11:19 expected or prepared for. But in terms of life, I moved out here in 20 18, January, and to Arizona, to be specific for everyone listening, from Washington, DC, and I was ready for a11:31 change. Before I turned 30, I wanted to get either back to California where I'm from or just go somewhere new and ended up on a business trip in Arizona, decided I was gonna move my entire business out here. Mind11:42 you, I had a very established book of business and clients in DC. And long story short, that also led you to becoming a client in I believe we met in 20 20, if not early 20 21. And so what we11:54 do here is we produce all types of content. We do commercial video, podcasting, digital marketing, web design. Anything digital, we pretty much have a hand in. And the business right now,12:06 I'm grateful to say, glory to God, that we are doing excellent. We work with tons of like minded awesome individuals, and I could not be more grateful, but it's been quite a journey to keep this12:18 business thriving and afloat.12:20 Well, I wanna talk a little bit about the journey because, you know, there's a lot of people out there, young people that have are are waking up to realize that this concept, this idea of going to college12:32 and getting a degree and then going out and getting a job and investing into the stock market for the long term, that some of the things they were promised early on didn't really turn out the way they thought, and12:43 they're looking for alternatives. And so, you know, just imagine now that the reason we're doing the show is to kinda talk to that person, you know, 25 years old, maybe. They're just starting out, and and, that puts12:53 them, about 10 years behind you, I believe. You know? And, again, asking you to age or out yourself.13:02 5, Ross. Proudly 35.13:04 But, I mean, I'm just so proud of you because you've done so very well for a young person, and I wanna tell that story. So let's go back to high school. Let's go back to you being, you know, a young bright eyed high13:13 schooler thinking about what is next for you as you graduate from, being a teenager into the adult world. What were you thinking? What were you being told? How were you being prepared? What did all that look13:25 like?13:26 So I went to high school in Baltimore, Maryland at an all girls prep school called Roland Park Country School. And Roland Park was an excellent experience. There was only 68 girls in our class, and they really did13:37 empower us to think about you can be anything. But we were held to a really, really strict educational standard and also a community involvement standard. So I won't say that,13:50 you know, we were really empowered at our high school. It was not your typical Baltimore public education experience. It was very different than that. However, the path for all of us was study for14:02 your SATs. We started SAT prep in freshman year until you took the SAT. You had that class twice a week every week until it was SAT time. So you were being prepped and groomed and ready to go to college.14:14 Nobody really deviated from that game plan. It was just this is what's normal. This is what you're here to do. Everything we did in high school was to prepare us to get to that next step, which was college. There was14:24 never any talk of entrepreneurship or, you know, skipping that step to go ahead and do something different. So after high school, of course, I followed the path of I'm going to go to college.14:36 And college, looking back, is a very interesting it's different. It was a good experience in the moment, but looking back as an adult and a capitalist, I don't think that the value14:48 proposition for how much it cost me was actually worth what I got out of it.14:54 Okay. Well, we definitely wanna come back to that. We're coming up on a break. When we come back, what we wanna be talking about is what happened when you got out of, high school, got into college, how15:06 did college prepare you for the next level, and then the things that happened to you once you got out in the real world. Because when you're in the world of education, that's 1 set of experience, 1 set of inputs, 1 set15:18 of mentors, 1 set of opportunities and a perspective. And then when you get out in the real world, it's a very different scenario. So, when we come back from the break, let's go ahead and,15:29 revisit that. Okay?15:34 Hi, everyone. I'm Kim Kiyosaki. Thank you for being with us today. As CEO and cofounder of the Rich Dad company, I can assure you Robert and I are both dedicated to our Rich Dad mission to15:46 elevate the financial well-being of humanity, and you are the humanity. We truly want you to succeed. When you succeed, we all succeed, and our mission grows stronger.15:57 With that in mind, I'm excited to extend a personal invitation to you to elevate your financial well-being by attending our exclusive free online wealth building event hosted by Robert. You'll16:09 learn what to focus on first to start increasing your cash flow immediately. You can reserve your seat right now by going to rich dad online dot com. Just go to rich dad online dot com.16:22 The event is 100 percent free and will help you achieve your financial goals.16:30 Okay. Welcome back to the Rich Dad Radio Show, the good news and bad news about money. I'm your host, Russell Gray sitting in for Robert Kiyosaki. And we're visiting today with Leila Adnani who is a young entrepreneur16:42 in Scottsdale, Arizona. And we're digging into her story because I just think there's so many great lessons. The theme is Main Street capitalism is the cure, where there's a lot of things going wrong in the world right16:53 now. And, of course, the flip side of problems is opportunities. And when you look at the way the educational system is preparing young people for the real world and then the experience they have when they get into the17:04 real world, there's a little bit of a breakdown. And Leila went through that, and so we're gonna pick back up. We kinda got through the high school story, Leila. And now we're have you off to college. And tell us a17:14 little bit about your college experience, whether it was what you expected. And looking back, did it really prepare you for what you came out in the real world? I'd like to find out, you know, obviously, what worked, but17:25 what was missing?17:26 Yeah. So I went to Miami University of Ohio, coming from Baltimore, Maryland. So I was an out of state student, and I did not understand what student loans were. My dad, no offense to him, did not17:38 really explain what all of that would look like when I graduated. So I did end up graduating with 88000 dollars of student loans, which I'll talk about in a few minutes. But the experience overall, it was a good17:50 experience. Did I learn a lot in a different lot of different elements? Yes. I did. However, thinking about the financial components, I could have taken that it was more than 88000. My dad did pay a18:02 huge portion of my college. So say we were to take, you know, the entire chunk of money. And now with my capitalist mindset, I could have invested that into property back in 2007,18:14 which is when I graduated in high school. And what that would be worth now is I mean, it's something that would be sizable. Right? But instead, I spent the next 10 years trying to18:27 pay off student loans and 88000 dollars all accruing interest at the same time. So looking back, you know, I started a business. I studied political science and Middle East studies. I plan to go into the18:38 state department. Unfortunately, they weren't hiring. They were on hiring freeze when I graduated. The economy was terrible, and I ended up getting a job working at a very popular retail store that doesn't like to be18:49 mentioned in interviews, so I will not say. But that's that was really my only option at that point of I have to be able to make a 900 dollar student month student loan payment every month, and I19:01 don't have a lucrative job that I was promised upon graduating. Mind you, I did a semester through the state department in Cairo, Egypt that was completely paid for through the state. Applied. Got it. I did the most19:13 lucrative program we had at Miami University inside Washington. I did that my senior year preparing me to be able to get a great job in Washington, either lobbying or something on Capitol Hill. And I quickly realized19:24 through that experience that, a, I didn't wanna be on Capitol Hill. And during college, I interned in finance, and that was something that I realized quickly I did not want to do as a full time career. I19:36 really I love the people I worked with, but I did not like working in that Wall Street kind of world. So yeah.19:44 Yeah. So so, there's a lot there. Let's go back, though. I mean, 1 thing you said, because anybody who's a listener to the Rich Rich Dad Radio Show know that knows that Robert goes off quite a bit, on this, the student19:55 loan situation. Student loans are the number 1 asset on the balance sheet of the federal government. At least it used to be. I don't know with all this forgiveness if that's still true, but it's certainly way up there.20:04 And that's really there's an old adage that says borrower or servant to the lender. And so you take these young people who come out bright eyed, of high school. They get a a fresh credit score. They're promised this20:15 college degree and all this great job and income they're gonna get with it. They sign on the dotted line for a lot of times a 6 figure loan that is unforgivable in bankruptcy, and they now have to go figure20:27 it out. And for a lot of people, it's a huge hindrance. And to your point, if if if they were at least given the option, hey. You can sign on this unforgivable student loan and get a college degree that's of dubious20:38 value for jobs that may or may not be out there in the real world, or you could sign on this dotted line and get a mortgage on an income producing piece of real estate that the tenants are gonna make the property for,20:50 the payment for you, and you're gonna get an education in real world capitalism right from the get go. And, you know, a few years later, if you think you wanna go back to college, the the property would probably pay for21:00 it. So I just think that young people aren't be given these options, and I think they need to be because the world has changed, but the educational system has it. So I'm not gonna attack it. I'm just gonna say it's21:11 clearly broken. And, when I heard your story, I was like, wow. We need to tell this story. So let's talk about you now out of college. You're out of college. You are working these jobs, you know, trying to figure out how21:22 to make the payment. You had a real profound experience we talked about as as we're preparing for the show. So talk a little bit about what happened there and how you you made the transition from being somebody who21:33 worked at a job to somebody that owned their own job to eventually somebody that created jobs for other people.21:40 So in college, I remember sitting in my dorm room with my, I lived with 10 girls at the time. And I said, you know, I really wanna start an event planning business. I think I'd be such a good event planner. And, you21:49 know, I applied to all these tiny little companies. I never heard anything back. And so I figured, alright. You know, that's not gonna be the path for me. That's okay. I kinda wrote it off to the side. So fast forward,21:59 I'm out of college. I'm working retail, and I said I'm gonna do this for 5 months and well, 6 months. 6 months is the max. I don't wanna get sucked into this lifestyle. And at the 5 and a half month mark, I had gotten a22:10 paycheck for 80 dollars for 80 hours of work. 80 dollars. It was astounding. All these returns had hit. It was right after Christmas. And, obviously, that's not gonna pay my22:21 900 dollar student loan payment. It's not gonna pay for really much of anything. So I said, I've gotta get out of here. I'd called my best client who had shopped with me at this store, and I said, hey. I need to get out22:32 of this situation. Do you or anyone you know need a personal assistant? And she said, yeah. Actually, my husband and I could use 1. Drive down to DC, come meet him. Drove to DC, met this client and her husband at their22:44 beautiful home, and they said, alright. We'll start you at 20 hours a week. Start around, I don't know, 40 40 dollars an hour, and, you know, don't quit your other job, but we'll be flexible, and let's just see where it22:55 goes. So immediately at that point, I quit. I run back to that store. I put in my notice, and I say I'm out. Because right there, I'm making more money than I was making being a retail slave. Fast23:07 forward, my first day on the job, I have all these bags in my hand from the container store, and I'm in the elevator. And the neighbor goes, oh, are you just moving into the building? And I said, no. I'm actually a23:16 professional organizer. And she said, oh my gosh. I need I need you. Do you have a business card? And I said, sadly, they're in my car right now, and my hands are full. But can you just tell me which penthouse you're in?23:26 And I'll come back up on Monday. I'll give you my card, and we can do, like, a full consultation. And she's like, oh my gosh. That's great. I'm penthouse 4. So I go home that day. It's a Thursday or Friday afternoon, and23:38 I file all my paperwork. I expedite it with the Maryland government to get my LLC. And then I go to Bank of America, and I open up a bank account now that I've got that EIN number. And I go online, and I make some23:48 business cards really, really quick. And I go to FedEx, and I print these business cards, and then I print out what I think would be an estimate template, put it on a clipboard, and on Monday morning, I walk in, I knock23:57 on the door of Penthouse 4, and there's my second client. And from there, just being really scrappy and thinking on my feet, not really knowing what I was doing, within 6 months, a gal who used to shop with me at that24:08 retail store ended up becoming my first assistant. We were working 7 days a week. We were incredibly busy. I mean, our clientele was the who's who of Washington, DC, and everything moved really, really fast. So I went24:20 from having no money to making, within the first 6 months, I think, close to 50000 dollars in 6, 7 months. And it was a complete change of everything,24:32 but I just I kinda took the leap. I saw an opportunity, and I just kept moving.24:37 Yeah. And I think that that's probably the most important takeaway from this episode for anybody that's out there because there's a little bit of victim mentality out there. Oh, the economy is bad or, oh, the system is24:47 rigged or, oh, my college degree didn't prepare me or, oh, I have student debt or I don't have good credit or whatever it is. But the reality is as a main street capitalist, what you do is you just work with what you24:57 have. You look at opportunity when it shows up, and you go for it when you have the chance. And you did all those things, and the thing is you stuck with it, and that's what's so amazing. So I'd25:09 like to you know, we're kinda winded down here. We got a few minutes left, and what I'd like to do is really have you go back in time. You know, knowing what you know now, if you could take that, you know, that, DeLorean25:19 from Back to the Future, if you're old enough to even remember that movie, and go back and find yourself when you're 20 years old, 25 you know, maybe 20 years old, 22 years old, maybe even in high school. What what would25:30 you say? What do you wish you knew then that you, that you didn't know, that that you didn't know then that you know now?25:38 It's really hard to think about it back in high school. I think that those are such young formative formative times. I would say I'm gonna think about when I just really started my business. I was working with,25:50 like, the largest politicians in Washington, DC. That was kind of a big client base for me. We're doing events. We're doing digital marketing. It was kind of the new wave of mark digital marketing in campaigns. And I had26:01 a client sit down, and he said, you have a million dollar business on your hands. And when he told me that, I just couldn't believe that. It was just it did not resonate. I was like, I don't know how you could think that26:11 I have a million dollar business on my hands. You know, I wanna believe that, but I didn't believe it. And so thinking back to even younger years, I think I've always had a bit of a sense of confidence that, you know, my26:22 dad always said anything's possible, and I took that to heart and so did my mom. But when you're out there and you're feeling a little bit hopeless, I think you need to dream bigger, and I think you do need to believe26:32 that, hey. The sky's the limit. It's not just a million dollar business. It's gonna be a 15000000 dollar business. Keep going after those larger goals because even if you end up and you're at a 5000000 dollar business,26:42 you're still so much further than you would have been had you capped yourself thinking, oh, I'm never gonna crack 250000 dollars a year. So I think my mindset was definitely the problem in my younger years, and26:53 it's something that it takes work. It takes resilience. But if you continue to self to pour into your education, and I don't mean formal education, I mean self education, that's really going to27:05 help you have those building blocks to, a, take smart steps, and, b, find that inner confidence of seeing somebody like you and Robert Kiyosaki who've built things out of seemingly27:17 nothing.27:19 And that's what mainstream capitalism really is all about. Right? When you know how to sell, which is the core skill set of a mainstream capitalist is what you did when you saw that opportunity with that, woman, who27:31 became ultimately your second client and then, you know, you built your business off of all of that. I mean, it's that ability to engage in a conversation that results in doing business. That's core skill set number 1.27:43 But even underneath that, there's something even more important that I wanna draw out. Robert is the 1 who taught me this, at least the way of thinking. I always say that what you think and believe affects what you do,27:51 and that affects the results you produce. But what you think is really a byproduct of your self image. The way Robert teaches it, he calls it be, do, have. And a lot of people, they listen to shows, and28:03 they think, oh, I wanna know what to do. And then they want a checklist of activities to do. But the problem is they go buy these books and courses and tapes and whatever, and they get all these checklists, and they28:13 don't do it. And you so it's not just knowing what to do, but it's being the person who will actually take that action. And you had to make a split second decision in a moment of28:25 opportunity. And then all along, you've been stretched. You've had to believe more. So you talked about the importance of self education. How do you do that today? Where where are you learning? How are you growing? How28:37 do you keep yourself challenged?28:39 Well, to be honest, I was gifted the Rich Dad Poor Dad book when I was in college, and I read it, and I don't think it really fully sank in. I was, of course, inspired by it, but it wasn't a playbook for my life. Now28:50 that I look back, I'm so grateful that I read it in that formative time because those things really did stick with me in the back of your mind that you can work smarter. You don't necessarily have to work harder in order29:01 to have true wealth. So a lot of shout outs to Robert Kiyosaki. Number 2, your investor mentoring club has been instrumental for me to understand what's actually happening in the real world and how it applies to me as a29:13 main street investor. And then the number third book that I would say has had a huge impact on my life as of recently is Tax Free Wealth by Tom Wheelwright. I met Tom at 1 of your conferences in Dallas, Texas,29:25 and he was incredible. We actually started yammering on about politics. But I bought the book, and I said there's a lot in here, and I don't wanna do it. So what did I do next? I hired Sam, my tax adviser. He's my29:35 strategist, and now I'm in a great position tax wise. And a lot of the things that I read about, learned about, I found the expert to actually implement and do for me, and it saved me a lot a lot of headache and a lot29:47 of money. And those are just a couple good examples of tactical knowledge that I've been able to implement into my own life.29:55 Yeah. So you you you managed to pay off your student debt. I believe you managed to pay off your home. You live in a home that's paid for. You have a business with how many people work for you now? 12. 12. 12 employees.30:07 You created 12 jobs. Mhmm. And then you take people like me, and you empower us to get our message out to more and more people. And, of course, that network of people you're learning from, it's just amazing. And so30:18 ladies and gentlemen, this is the the point of all this is that this is what can happen when you adopt a main street capitalist mentality. It isn't a victim mentality. Isn't hoping somebody's gonna give you a handout,30:28 somebody's gonna come along external to you, level the playing field, and somehow make it fair. You just have to use what you have where you are. And a big part of that is putting good ideas in your head, obviously,30:37 preaching to the choir. You're here listening to the show today. Good on you. And then putting yourself in an environment where you get to consistently feed yourself good ideas, take action, and not be afraid of making30:48 mistakes. I'm sure along the way, Leila, you had some setbacks.30:51 Oh, I've had thousands of setbacks. I mean, there's no shortage of setbacks, and there's a million opportunities that I have had to quit and to give up and just close-up shop. And, you know, some days that really31:03 does feel enticing. But the key to having a successful business is to continue pushing and pushing and pushing and keep innovating and think about how can I make something better? How can I turn this around? And you31:14 always say sales is the cure. So when you're facing those times where you're ready to quit, what I think about it is get back out there, keep selling. You know? That will cure whatever is ailing the business at this31:26 point in time. So I've taken a lot away from you. And, I also wanna shout out to Marsha Petrie Sue. She's an incredible mentor, very involved in the political scene here in Arizona and nationwide, and she's31:38 she's somebody who's instilled that you can never be a victim. Right? So political circumstances, a lot of us like to blame. Well, the gas prices are so high or this or that, and that's why my business isn't doing well.31:48 And at the end of the day, we can't let politicians and what's going on in Washington be the reason we're successful or unsuccessful. And that's a big thing I learned after leaving DC.32:00 Wow. That's awesome. So I'm gonna ask you 1 closing question because I think it's important to give some insight into who you are. You know, the endgame for capitalists is they accumulate enough abundance in their life32:10 that their needs are met, and then they decide they wanna go out and make an impact. They wanna change the world. You know, some people just wanna retire and enjoy their wealth. But I think that the people who really32:19 make it in life end up never wanting to stop growing. They just stop worrying about money. If you could wave a magic wand right now and fix just 1 thing in the world, do you have any idea what that would be and why?32:30 I would love to be able to inspire the younger generation, the kids who are feeling between, say, 20 to 30 even, that sense of, I hate my corporate job. I really don't know what to do,32:42 and I wanna make a change, and I wanna be an impactful, useful member of American society. And to be able to help guide them in a direction. Right? Not everybody is meant to be an entrepreneur.32:54 This is not to promote everybody needs to own a business. You know? You can be really an incredible member of society in so many different ways. So to be able to help in that, raising up that next generation, that is33:06 important to me. And being part of a community, I believe that American values are something that we all should be very grateful for. And I would like to see that sense of gratitude to disseminate further into our33:17 country versus where we're at right now where everything seems so divided. And, you know, think about 10 years ago, it didn't feel quite this toxic, and I would like to see that climate change where we can all be33:30 a lot more open minded and honestly innovative and kind to 1 another.33:36 Well, I love that. Obviously, it's 1 of the things you and I have in common. We're actually working on some projects together. So, you're gonna be joining me out at FreedomFest. Robert Kiyosaki is gonna be speaking33:46 there. I'll be speaking there, coming up here very shortly. I'm gonna be introducing what we call the raising capitalists project, which is dedicated to training up the next generation of capitalists. You're a big part33:58 of helping me do that, so I really appreciate that. If people are interested in, in connecting with you, how would they do that?34:05 You can shoot me an email to my direct email. It's Leila at personalized, s o l u, dot com. You can find that information at p s creative dot c o or p s studios dot c o, and you34:17 can easily get a hold of me that way.34:19 Alright. And that's Leila, l e I l a. And if you're interested in going to FreedomFest, freedom fest dot com, you can use use, promo code raising 50, and you'll get a discount. And then if you're34:31 interested in keeping track of me, just send an email to follow at russell gray dot com, and I'll let you know where I am and what I'm doing and how you can pay attention. Leila and I are gonna be creating a lot more34:41 content together, in the weeks and months it comes. So if you're interested in hearing more from us, just send an email to follow at russell gray dot com. We'll take care of you. Thanks so much, Leila, for being with us34:50 today. Great show. Congratulations on your success. Love your mission. Looking forward to continuing to work with you in the months and years ahead.34:57 Thank you, Russell, for having me.Show more In this video 0:00 Understanding Capitalism and the Role of Money22:22
Contemplating Contemplation and Meditation Russell Gray Oct 20
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