The Formula the Rich Use to Invest - Kim Kiyosaki [CASHFLOW CLUBS]
There’s a difference between how the rich and poor use debt. The average person finds themselves overwhelmed with bad debt but the rich use good debt to their advantage. Debt can either keep you in the rat race and get you out of it and make you wealthy, it’s your choice.
In today’s episode, Kim Kiyosaki teaches you the formula the rich use to find rental cash flowing property. This helps you determine whether it’s a good investment opportunity. These tips can make or break a good cashflow deal!
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#kimkiyosaki #cashflowclubs #cashflowgame
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_If no one gives you an opportunity_ Create your own Thank you for coming to my ted talk
Yes haris
This video is so Inspiring and Educative! I wish I knew this back in my 20s I would have achieved much more. The video reminds me of a year when I was so broke that I could barely pay my bills. I remember the most important step in my life when I invested my last income with an experienced Forex trader who was recommended to me by a friend. It may seem a bit, but it took courage to know that investing was the right thing to do at the time. Today my small investment of just $ 300 generated over $ 80,000,After I kept Investing and reinvesting. To be successful, you must take a big step. It all starts here.
@@rossi2225 I had a similar experience to yours. My investment in forex trading saved me from financial burdens after losing my job. Forex trading is very profitable when you have a good Forex trader.
Forex trading is very profitable. When you have a professional forex trader who is good at what he does, your profits can increase by more than 100%. My investment in the forex trading bought me the house of my dreams. To gain in Forex you need to be realistic and don't be greedy!
True! Investing in Forex is very profitable. Last year I made over $ 45,000 of my long-term investment in forex trading. But like someone said up there Avoid greed.
*Great video. We all strive towards financial stability and a better life. It is easy to achieve this through the right investment, by living frugally and budgeting. I’m glad I learnt early in life to work hard for financial freedom*
In my opinion, venturing into a good investment, is not just a strategy for generating passive income but a profitable saving method for future expenses. Those who fail to make the right decisions early in life end up regretting. Nevertheless, investing can be difficult and risky doing it solely. For this reason , I advise on seeking help from professionals(financial advisor). It’s not just watching videos and reading investment book but the challenge is using it well.
@Harry Scott I firmly believe that the success of any investment depends on having the right information, regardless of what others say, do whatever you set your mind to. Warren Buffer always says "be greedy when others are fearful and be fearful when others are greedy". This is certainly the trick to succeeding even when others fail. I made *$200,000* working with *Donald Nathan Scott* a licensed *financial adviser* . It’s been a promising experience so far with him.
@Harry Scott As to get more details about my coach; *(Donald Nathan Scott)* quickly do a web check where you can connect with him, do your research with his full names mentioned.
Personally, I’m blessed and realizing I’m not the only one working with Donald Nathan Scott I will consider myself lucky. I’ve been able to feed and make a living through his advice and great work. For such a person as Donald Nathan Scott, we owe him gratitude, support and endless prayers as it is not easy to gain access to such a competent and reliable adviser. Who isn’t just wise but has all it takes to handle an investment and is good at what he does.
“Often, the more money you make the more money you spend; that’s why more money doesn’t make you rich - assets make you rich.
Gold is physical. Bitcoin is digital and has a strong cryptography. Bitcoin is the new digital gold.
Stock is fine but i prefer making my huge profit through crypto, coz of the high rate of profits generated and the easy and simple way to understand it.
Who knows if bitcoin trading is really worth it. I have been watching videos but couldn't make it but recently i see people make a lot from it.
I see bitcoin as ultimately becoming reserve currency for banks, playing much the same role that Gold did in the early years of banking. Banks could issue digital cash with greater anonymity, lighter weight and more efficient transactions.
Wow i know Mrs Taylor. She's among the financial analysts and trading experts(Phd) who have shed out theories and ideas for trading
I had a trucking company at one time. Used same formula. Only instead of $100 per month NOI, it was more like $2000 per month. Each truck grossed $150,000 driver home every other day. After expenses, NOI was $24,000. We had 3 trucks! I was the office manager, the EX ran the other part(drivers/ loads) Fun seeing yr money grow fast
She’s soo clear and easy to understand I love her and Robert and alejandra👏👏👌
I want to learn more on passive income how to go about it please.
@@peterwoodgate9963 contact Dr Albaga Henry as Dr_albaga on tele gram discuss to him what you wanted to invest on. He has helped me a lot in trading Bitcoin.
@@briannabella1940 alright thanks how is your investment ?
awesome great
Initially I thought she was a scam not until I invested in her, I have been scared if I will be losing my money but I feel some confidence about this trader and I have to try it because I'm really feeling good about this testimony.
Please I need help, I lost tons of money on live trading, I thought is the same as demo trade because I was winning in my demo account. This is really frustrating and overwhelming. where do I start please?
@@sandrarogers351As a beginner who don't understand how Bitcoin trade really work and really want to make profit from it. I will advise you to first start working with a professional broker.
@@sandrarogers351 Well.... I will advise you should stop trading on your own if you keep losing and start trading with an expert is the best strategy for a beginner.
That's true most people today have been having a lots of failure in FX and crypto sectors because of bad orientation and bad expert.
@@carlosalberto54754 Get an expert trader who will trade for you while you received the profit that's the best way to make good profit from crypto currency investment.
I LOVE & RESPECT KIM KIYOSAKI & the RICH DAD BRAND , they provide tremendous value just by making these short videos on Financial Education ❤🤝🙏☮
"The more you learn, the more you earn" -Warren Buffet
Crypto trading is a very lucrative of making money online at the moment
I've got this little interest in Bitcoin maybe I'll give it a try
Well with the crypto currency market favourable as it's Investing now wouldn't be a bad choice tho.
Remember some precious metals.
It will be advisable to buy BTC today.
Well let's get the words straight: Loan and debt are connected to money. And both are liabilities that have to be paid. The difference between 'loan' and 'debt' is that money borrowed from a lender and/or bank is called loan, and money borrowed through debentures and bonds is called debt. In practicality, or at least what most people do, is to get a loan to start a business or purchase property, say an apartment building in order to have it paid by tenants and make a profit. Debt is perhaps not the correct term-- 'Loan' would be better in the conventional method.
I must of played my cashflow board nearly 100 times, As a result met local real estate investors with sufficient knowledge to gain some mentors. Like Robert I’m in the military and I know there’s a better way, after this game and his books I honestly believe once I get rolling I can see myself retiring early. Thankyou
I wouldn't call it "debt". I would call it "leverage". I've always found the whole good debt concept very confusing, although I get the point. It all became clear when I understood the concept of leverage investing.
This is all debt! It has to be paid back! You can use debt to build but it is still debt and has much risk with it! Calling it debt will help people recognize risk! Non paying tenants major repairs etc...
My wife and i also own our home and a commercial building that I run my welding business out of. We have intentions of purchasing another property. There's one thing I've learned throughout the years is, that wealth building takes a very long time and the sooner you start the better the odds are of succeeding. Good luck to you all!
Try setting up a Holding / operating company
What is a holding / operating company?
R.C. I am weary of doing this, but I own a home and we talked about purchasing a another small home or condo to then rent out as an air BB or long term rental. I don’t understand when they say things like using other peoples money to buy things. If I take out a loan, I have to pay it back and that scares me. I guess as long as you calculate it that whoever rents from you is helping you pay it off then it’s positive. Any thoughts on 2-3 day rentals versus long term? Did you end up doing anything? Thanks
Bless you Kim. Thanks for all you and Robert do. 🙏
Most people have BAD DEBT and they need to learn this game! 💸💸💸
I love the fact you specified that this is not a get rich fast scheme crypto currency is also a nice way to invest $1000 and change your life.
My investment in stocks and crypto are really given the current increase 🥰..
Crypto currency is the future.
Well with the crypto currency market favorable as its investing now wouldn't be a bad choice.
Remember some precious metals.
There are so many ways to make money! You just need to find a few good income streams and you'll be sitting on a gold mine in a few years! 💯👍💪
Patti Murphy not yet but soon (10 years or less)
@harris king . I want to learn from you .
@@TT-cj3ek buy and trade cryptos
Thank you Kim !!! You are so good and a great teacher 😊 💯 Love your content !!
thank you for simplifying it kim
Simply brilliant
Thank you ;Ms queen so very simple (Cash flow has to cover debt services)that's it.
Very clear and easy to understand. Thanks a lot!!!
I wish cashflow was available in Korean too
Very clear speaking
I'm speechless. Thank you queen of cashflow!
I love the clarity of the video.
That was pretty damn good, thanks for sharing your knowledge with us.
It isn’t enough to have a good noi, you also have to have a good income (from a job) to begin buying rental proprieties with mortgage , doesn’t matter how much money you already have in the bank
I always thought of the cash flow but never subtracted expenses on the income🤦♂️
What a great video. A whole lot more goes into calculating those expenses though.
Thankyou for this video, great content.
Thank you, I'm sure that message will be helpful to a lot of young people.
Brilliant! Thank you!
Great info to learn about good and bad debt. Thank you so much for sharing the helpful video.
Thanks for making such an amazing video! Really easy to understand.
No wonder they call you the "Queen of Cashflow"...you explained it with Crystal Clarity. Thank you.
the good debt is learning how to buy some property that can increase with the advantage for the rental house. Yes, you are right for that ,go to property, and you also need improve your cash flow to positive.
Easy to understand. Thank you.
Thanks Kim, interesting. Hope you and Robert stay safe in all your travels, cheers.
Kim, you are my master, nice examples
Thank you for your sharing, Your English is easy to understand.
Excellant video very clear and to the point and easy to understand, more videos from Kim please 🌟🌟🌟🌟🌟 🤓👍
Worthful to watch! I like the way of ur explanation.
Thank You! 💚🙏😁
Awesome info. Love the game. My wife always beats me somehow. 🤔
Just bought this board game off eBay for $40..... look forward to learning and showing my kids about CASHFLOW!
So basically your cash flowed out of your pocket and inflowed into ebay and Kims pocket. Bad cashflow!
I can easily re sell it when I'm done with it.....and investing money in real education is not throwing it away. But you must already be out of the rat race with a stupid comment like That!😁
@@mr.j5092 Don't sell it because of this stupid comment. You just invested in knowledge and I hope you know that knowledge is power.
@@sinethembadyoki I'll be ready to sell it when I'm ready for cash flow 202!....Your definitely right bro...KNOWLEDGE IS POWER💪...stay up👍
Jaime Lizarraga Jr. you buy it with 40 and sell it for 15. So you lose 25, Bad cash flow
I am playing CASHFLOW right now as we speak 🔥🔥🔥
Thank you Kim for explaining debts in simplest way for people to understand. God bless you & Robert .
I appreciate your support
I should probably look into cryptocurrency
thanks for the tips, girlie!
Queen of cash flow ! Love it ! 1000 Thanks to Mrs. and Mr. Kiyosaki , for all the great knowledge!!! Freedom and financial control is what I’m after and these two will help get me there !!!!
Thank you Kim
What about the interest rates you have to pay in addition to the mortgage, esp. if it's not fixed, which in the current financial environment can backfire in case of hyper inflation? :)
Thank you for the video!!!!
Wonderful presentation
These getting rich through debt is profitable only if the interest rate is very low and the rental income earned is more than the emi going out to pay the debt. Remember large number of peoples also ruin themselves through debt.
Is debt/loan from bank for purchasing real estate, if we pay emi for debt is say 15k buks and Rent received is say 10k buks, so will such real estate property considered as asset or liability? 🤔
Anonther great video, thank you, there is a chance to find those formulas somewhere to can download them, I realy apreciate it.
thanks god bless
Gracias!
Good debut is buying gold and silver on a credit card IF...you so choose!
Nice... appreciation for sure... I learn something great and useful in like 6-7 mins!!! 👍
Thank you rich mom! 👍
Thanks!
Totally amazing 👍👍👍👍
I have both 101 and 202, could you add more cards (expand on set) for real estate (contacting banker and other forms of lenders), business (organising a corporation, and options such as llcs and others), paper assets and commodities, also include tax incentives. It could be 303. I enjoy the game very much.
What is the cost pls tell me??
Awesome points!
Thank you
Thanks for all you do
your lovely Kim. thank you.
I went create a cash flaw club in my cantery I m very excited to start a journey
Thanks for sharing Queen.
So what happens when you have a small/big deal cash flow that's negative? What do you do then? Can you make it positive or does it just teach you that negative cash flow is just an inevitable in life you may have to face?
I emailed my local club ! I hope they are open
Nice video 👍 The rich dad Due to the economic crisis one needs to have different streams of income
Trading crypto currency is also a nice way to invest $1000 and change your life.
@@christaingrnland9425 In few years to come people will be kicking themselves in regrets if they miss this opportunity of buying and investing in crypto currency ✔
Crypto currency is the future.
I've got this little interest in bitcoin maybe I'll give it a try.
Well with the crypto currency market favorable as its investing now wouldn't be a bad choice.
This is brilliant
You are in an incredible shape!!! ❤️ (sorry - off the topic)
well explained
Great thanks !
yes, but how i find a house with positive cashflow and good debt
Robert is luckie to have Kim. 👍👍👍👍
Is the NOI supposed to be enough to cover the secondary cash-out refinancing loan? CPA/accountant, lawyer, consultant, ghost expenses, etc is an expense before NOI? I’m slowly starting to understand.. I think: buy low, fix up and rent out.. bank sees this new cash flow and offers a bigger/better loan. The best part is this excess money is tax free. Most of this money has to then be reinvested into another fixer-upper, but some can line ur pockets. You also acquire an asset. But it seems like you can’t get off this train. What are the long term implications? It never matters how much debt you go into bc it’s not real anyway? Asset is the goal.. but you would lose the asset in a bankruptcy if you ever default on the loan? Or eventually the loan is paid back, there’s no longer a debt to manage so you’re stuck paying taxes? If you sell an asset you have to pay tax.. so the asset is really only leverage for the next loan.. and the focus is on using most of that surplus to perpetuate the investment into another real estate deal and the idea is to live off of the difference that lines the pockets? And avoiding tax is awesome, but it seems we’re still paying to play when it comes to the interest on the bank loan. Seems great, but I get the impression it takes a long time to slowly work up to $30m apartment complexes before you can line the pockets with anything significant enough to start living comfortably? Is the stress of a B & I with 30m over ur head to have $1m worth it? Is it really spending more time with family or pressure to keep the house of cards from falling? Thanks
I have a question........ if i bought a property, say a condo, with credit (debt from the bank), that means i would have to pay monthly fees to the bank, in order to pay off the debt..... So when i start renting the condo to a tenant, at the same time i am also losing money to the bank......Is there a way to gain profit from the rental money while having to pay the bank due to credit debt? Does that mean i have to extend the payment period as long as possible (say 25 years), so that the monthly fees to the bank become as low as possible? What i'm worried is, if i extend the payment period to the bank up to 25 years, the interest rates will go higher & higher which means the debt i have to pay to the bank each month becomes bigger, & as a result i end up with less money every month (assuming the tenant is still renting).
Ironically, its debt that got the economy in the mess its in. $26 trillion dollars in DEBT. The country can't pay it back, and neither can many of the retailers and rental property owners, hence the rise in defaults and foreclosures...
Debt is no problem because it doesn't multiple the currency. The central banks is the one with that power to harm.
@@justincale119 so being $26 trillion dollars in debt isn't a problem? What about if you spend more than you earn? Is that a problem?
@@JWFitness1 You are naive^^ Country's debt does not work the same as personal debt especially big country like the US. they can easily print out more money to compensate the debt since US dollar is world currency and also who is gonna collect the debt from the US? Who even dares to do so without getting bombed and destroyed by the US? Anyone trying to overthrow the US dollar has ended up in hell and now China is trying hard. I hope they can make it and give a big slap to the US and tell them that they do not represent the whole world and people do not always need to follow what they say is right
@chief tp any debt you have but can't pay back should be bad debt...
@@popkahchin "easily print more money?" If I'm naive you're uninformed and delusional.
Thanks mam I clearly understood
“Perspective” 💎
Kim,thank you!I find when I start playing the game,all good,but when I close the game to continue my daily activities,when I go back to the cash flow game,I have to start all over again...How can I save the game so that I can continue from where I stopped the last time?
Is there a Cashflow game app ??
Yes go Kim!!!!! Love love love
I think the best investment is to start an online business. It can be possible to make a good income within a few months. Keep the videos coming. 👍
So we need only down payment to start
I play cashflow on my phn .. now I can get out of ratrace very fast.. I still need to learn
Is there any game on computer or mobile platforms ?
Excellent
i live this ladys style
What about credit score ? Won’t it affect how to borrow money?
Thanks. Amazing video.
Beauty. Thank you
Regarding NOI, aren’t expenses tax write offs?
need atention that you need dont let your debt for that have negative. Thanks god, You need increase your debt skill, and also you need plus the economy into your life, reduce lend, than for that. Thansk a lot.
What do we do if good debt turns into bad debt and stays like that due to external conditions for a ver long period of time?
Anybody know where can i go find a good cash flow community to join/play with? Prefereably online, but if you know any group that plays this game in the bay area I would be interested in that too.
So you don't have to get a loan for the mortgage? Just pay the down and add it to the cash flow?