Dr. Finance Live Podcast Episode 21 - Michael Lechter Interview - Top Intellectual Property Attorney

(Originally aired 8/24/21): https://www.youtube.com/watch?v=SczSuQoINH8

This is Episode 21 of the Dr. Finance Live Podcast hosted by Dr. Anthony M. Criniti IV (aka “Dr. Finance®”). Dr. Criniti interviewed Michael Lechter, one of the world's top intellectual property attorneys, husband of finance guru Sharon Lechter, and the initial driving force behind the creation of the Rich Dad Poor Dad brand (he connected Robert Kiyosaki with Sharon Lechter amongst other things).

Michael A. Lechter, attorney, certified licensing professional emeritus & electrical engineer and entrepreneur, was an Adjunct Professor in the Entrepreneurial Program in the Ira A Fulton School of Engineering at Arizona State University for over a decade and a half. He is the bestselling author of OPM, Other People's Money, How To Attract Other People's Money For Your Investments -- The Ultimate Leverage, (2005, 2nd Edition 2010) and Protecting Your #1 Asset, Creating Fortunes from Your Ideas (2001) and co-author of Technology Entrepreneurship – Taking Innovation into the Marketplace (Elsevier Academic Press, 2010, 2nd Edition 2014, 3rd Edition 2020)

Mike is an internationally known expert in the field of intellectual property. His clients have included everything from major software, semiconductor, medical device and alternative energy companies to breweries, fast food companies, casinos, cities and professional sports teams, from authors to publishing companies and from startups to venture capitalists to Fortune 100 companies. When asked what he does for a living, he typically replies, “I built forts and fight pirates.”

0:00​​​​​ - 4:42 - Podcast welcome and Michael's story
4:43 - 7:50 - Why did you decide to be an attorney?
7:51 - 9:39 - How many books did you write and what are their names?
9:40 - 23:15 - What was your role with Robert Kiyosaki and the Rich Dad Poor Dad organization?
23:16 - 29:18 - Why do you love the lifestyle of a cowboy so much?
29:19 - 40:25 - Would you rank intellectual property as the most valuable asset and why or why not?
40:26 - 48:43 - Why do you need to protect your intellectual property?
48:44 - 53:33 - Can you provide a quick summary of the different types of intellectual property (copyrights, trademarks, patents, trademark secrets, etc.) – IP101?
53:34 - 58:00 - Why are you interested in survival?
58:01 - 1:05:05 - How do you build yourself into a deal without any money?
1:05:06 - 1:09:13 - Without money, can you describe what intellectual property law would look like? Would any of our inventions exist (also consider music and art).
1:09:14 - 1:10:40 - Can one book change the world?
1:10:41 - 1:12:38 - What role has networking played in your life?
1:12:39 - 1:14:38 - Is mentoring important? Who are some of your mentors?
1:14:39 - 1:16:26 - What are your favorite financial books? Everything by Sharon Lechter.
1:16:27 - 1:18:53 - Do we need money to survive?
1:18:54 - 1:20:53 - Is finance necessary for everyone? Why or why not?
1:20:54 - 1:24:21 - How important is having a purpose in business? What is your purpose?
1:24:22 - 1:25:38 - What would you like to accomplish in the next 10 years or so? Why?
1:25:39 - 1:28:40 - What would you like to be your legacy to this world?
1:28:41 - 1:34:27 - Wrap up thoughts and Outro

Dr. Anthony M. Criniti IV (aka “Dr. Finance®”) is the world's leading financial scientist and survivalist. A fifth generation native of Philadelphia, Dr. Criniti is a former finance professor at several universities, a former financial planner, an active investor in diverse marketplaces, an explorer, an international keynote speaker, and has traveled around the world studying various aspects of finance. He is an award winning author of three #1 international best-selling finance books: The Necessity of Finance (2013), The Most Important Lessons in Economics and Finance (2014), and The Survival of the Richest (2016). As a prolific writer, he also frequently contributes articles to Entrepreneur, Medium, and Thrive Global. Dr. Criniti has started a grassroots movement that is changing the way that we think about economics and finance.

For more information about Doctor Finance, please visit https://DrFinance.Info​​​​​

Disclaimer: This Podcast is for informational purposes only. It is presented with the understanding that the author(s) and the publisher(s) are not engaged in providing financial, legal, or other professional services. If financial, legal, or any other form of advice is needed, please consult a financial advisor, an attorney, or another professional advice-giving entity.

Also, the opinions and views expressed by any guests on this Podcast do not necessarily represent the opinions and views of Dr. Finance® or its affiliates.

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