HOW DEBT CAN GENERATE INCOME -ROBERT KIYOSAKI
In this groundbreaking episode of Millennial Money, Robert Kiyosaki, along with his guest Alexandra, explores the often misunderstood concept of debt and its potential to generate income. "How Debt Can Generate Income" is a must-watch for anyone seeking to deepen their financial knowledge and learn the intricacies of using debt as a tool for wealth creation.
Robert Kiyosaki, renowned for his unconventional wisdom and expertise in financial education, initiates the conversation by challenging the typical negative perception of debt. He emphasizes that not all debt is detrimental; there's a significant difference between 'good' and 'bad' debt. This distinction forms the crux of the episode, as Kiyosaki delves into the finer details of leveraging debt for financial gain.
One of the key highlights of this episode is the discussion about 'good debt' and 'bad debt.' Kiyosaki explains that while certain types of debt, such as credit card debt and student loans, are often harmful, there are forms of debt that can be advantageous. For instance, leveraging debt to invest in assets that generate income - like rental properties - can be a powerful strategy for wealth accumulation. He shares personal anecdotes and examples to illustrate how properly managed debt can lead to financial success.
The conversation also covers the importance of financial education, particularly in understanding the role of debt in wealth-building. Kiyosaki stresses the need for a shift in mindset, from viewing debt solely as a liability to recognizing it as a potential asset. He and Alexandra discuss the common misconceptions about debt, emphasizing the value of financial intelligence in navigating these complex waters.
By the end of the episode, viewers will have a clearer understanding of how to discern between good and bad debt and how to use debt wisely to enhance their financial position. Kiyosaki's insights, combined with real-life examples, make this episode a compelling and educational experience for anyone looking to improve their financial literacy.
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If you’re reading this I pray you become successful beyond measure ... For anyone who l liked and commented something positive on this comment, I just want to thank you guys and wish for the fullfillment of your dreams, every great dreams :)
God bless
Gbu
Many thanks good brother may I wish you all the best also never stop evolving your mind namaste
Flow Planet namaste to you from the birthplace of lord Buddha 😊
The Emotional Intelligence thank you so much ❤️ I hope you all reach your financial goals and it’s all possibles
A guy once told me, "If I owe the bank $10,000 and can't pay, I'm in trouble. If I owe the bank $10,000,000 and can't pay, the bank is in trouble."
how
How is that so !! 🐣because they strip u 🤣
if you owe the bank 10 million and can't pay the bank will have to eat that loss because you can file for bankruptcy
@@user-mf4on1pk2z yup. And Trump made them ate it 4000 x too. Lol
They know that u can't pay that isn't it. Btw u might done something magical to get the loan.
Investing in alternative income streams that are independent of the government should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. Stocks, gold, silver, and virtual currencies are still attractive investments at the moment.
Big moving stochastics are not the secret to high returns. It involves controlling risk in relation to reward. Putting on the proper size and spinning your edge as many times as required to achieve your objective. That is valid for both day trading and long-term investments.
e must consider safer investments with promising returns in order to plan for the future. If you approach investing with a five-year perspective and simply DCA whenever you receive a check. Under the direction of my investment advisor, "Jennifer Aaron Marcontell", whose expertise in portfolio diversification is unsurpassed and client-focused, my portfolio has gained almost $643k since January 2022.
Trying times are ahead, and good personal financial management will be very important to weather the storm. It would be very a innovative suggestion to look out for Financial Advisors like "Jennifer Aaron Marcontell , who can help shape up your portfolio.
@@instinctively_awesome8283 please how do i find Jennifer?
@@instinctively_awesome8283 Jennifer really seem to know her stuff. I found her website, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment
Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.
Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $3million in that time frame.
@@AlexanderTurke Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my stock portfolio and plan my retirement
@@RebeccaBellick The adviser I'm in touch with is 'HEATHER ANN CHRISTENSEN, he works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me his strategy works hence my result. he provides entry and exit point for the securities I focus on.
Every millionaire has used Other People's Money in order to build wealth. If you understand the power of debt you can build massive wealth.
Morris Invest nope, false. I know several millionaires who have done so without debt
Except Dave Ramsey lol
@@RedactedNews For example PewDiePie
Yeah got a loan for some real estate
Some people do it the old fashioned way, like being born into a rich family. 🤣
I am 50 years old. I will retire early but I have $281k saved. I can’t work anymore. I am just too tired. I feel confident that my retirement will be a blessing.,but if I can do something profit-driven that will improve my savings and get me a good retirement lifestyle I would like to know. If anyone sees this and can help please comment.
Building a good portfolio, which generates good returns, has been more complex since covid, so I would recommend that you seek professional support. This way, you can get strategies designed to address your unique long-term goals and financial dreams.
Avoid too-good-to-be-true scam schemes. Seek advice from a fiduciary counselor they provide personalized advice to individuals based on their risk appetite, placing them among the best of the best. There are bad ones, but some with good track records can be very good.
@@GarrettDills I agree. Based on firsthand encounter with a fiduciary counselor KATHERINE DUFFY BURKE, i have $385k in a well diversified portfolio which has grown by 3x with compounding, venturing doesn’t necessarily boil down to money but you also have to be informed, be patient and back it up with good hands
@@AveryFetherolf I've just got cash sitting duck in the bank and I’d really love to put it to good use seeing how inflation is at an all time-high, how can i count with your fiduciary counselor?
@@velayuthman You can easily lookher up on your webbrowser
Just what I needed to watch. My wife and I are directors of our farm business and own property, plus small pensions. I am nearly 55, my wife is 52. We have started to save to retire from the farm, and possibly live on rental income, I'd really appreciate you go LIVE and talk about how to earn passive income online and retire comfortably, let’s say $1M.
Find stocks with market-beating yields and shares that at least keep pace with the market for a long term. For a successful long-term strategy I recommend you seek the guidance a broker or financial advisor.
Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
@@robertosaviano215 Please can you leave the info of your investment advisor here? I’m in dire need for one.
my financial advisor is ISABEL CECILIA RAMSEY. A middle aged lady from USA who really knows her stuff
@@robertosaviano215 Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
Dividends are a great thing, but they’re only really effective for passive income when you either have somewheres over 20 to 25 thousand shares of a high yielding stock. Meaning you likely need to have a few hundred thousand if not more invested in it. Re-investing dividends back into the same stock certainly does snowball with compound interest, but you only really start seeing it after 20 years of never stopping and likely needing to add additional money of your own with it….so it’ll be time consuming and costly. The way I see it if you have a million dollars at some point, that’d be enough to create a portfolio that would pay you between 50 to 70 thousand in dividend income
Like Warren Buffet said, dividends are only good if the business you’re investing into can’t make good use of that capital. So if you’re trying to invest into businesses with actual growth, looking at dividends is a waste of time. Why are you investing into a company if they’re returning capital to you because they think you can make better use if it than they can. There’s only one reason, and it is a place to park your capital to pay you a small return with large established businesses because you aren’t trying to grow your portfolio anymore, but to live off of it. It’s not much different from bond investing.
@@chris-pj7rk It's not difficult, but you have to learn and handle. Another thing is that if you can't manage your home, maybe you shouldn't invest on your own. If so, you should hire a CFP to help you diversify your assets to include ETFs/index funds/mutual funds and stocks of companies with consistent cash flows, rather than betting on penny stocks.
@Zahair O'Brian Admittedly we are only one information away from amassing wealth, I know many people who made their fortunes from the Dotcom crash as well as the 08' crash and have researched similar opportunities in this current market, could this person who guides you help?
@Zahair O'Brian This is useful information; I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
I’m glad I pulled through, despite the crises. I am retiring next yr at 55 with 3 houses paid off worth 4.5 million . One is my place of residence the other 2 properties will give me $80,000per/yr rent . I will have an income stream of $20,000 per yr through my super which gives me total $100,000 a yr to live comfortably . I have no debts ... Stay Motivated!!!
That is so amazing, I’m trying to get onto the housing ladder at 40. I wish at 55 I will be testifying to similar success...
Heard many good recommendations about ROCHELLE DUNGCA-SCHREIBER by some YT channels, Seminars and other platforms. Please, how do i reach her?
Okay, Thx. I found her web page
I’ve been watching quite a good amount of finance videos lately and I came to discover something, that even with my experience so far in business and in the market I still require someone who is higher than me to guide me. Thx for you advisor, I’ll look her up
Can you help me understand the profit part. Don’t I have to pay the loan too every month? So I’m guessing the combination of the rent and my job would help me use my debt to put money in my pocket
Whatever you always have a plan of what you expect as the end result, lack of this one information cost me alot till I was able to define my needs, now I have a growing portfolio
As a result, bitcoin has dropped significantly from its all-time high, breaking below several key technical levels.
@@pipebueno8110 Building a good investment portfolio is more complex so I would recommend
Nice video!! Very engaging from the beginning to the End., I'm new to crypto trade and I have been making huge losses but recently i see a lot of people earning from it. Can someone please tell me what I'm doing wrong
The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works
Stay calm the profit is ours, the price is amazing for every early investor for those who got in for the first time otherwise it's just bouncing back to normal price for the rest of us which is good.
We read news in the media that doom and gloom is coming and we just accept it, doom and gloom doesn’t always have to be coming, I’ve read numerous success stories of people that are pulling off tremendous gains of up to $250K within weeks in this crazy market and I just want to learn how to achieve such figures.
Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.
There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
@Dan Brooks Impressive can you share more info?
@Dan Brooks She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
Think long term
Is this a good time to buy stocks? I know everyone is saying stocks are at a discount and all, but just how long will It take for us to recover, obviously there are strategies to maneuver in this present market but these strategies doesn't come common to the average folk, or am I better off putting my money elsewhere?
If there's one thing about the market, it's that it always recovers, but I can't seem to focus on the long-run, major factors at play like my retirement and my reserve laying waste to inflation. I need a solid data trajectory and solution asap
The current market's uncertainties are one of the reasons I have my daily investment decisions guided by a portfolio-coach, because their entire skill set is built around going long and short at the same time, both employing profit-oriented strategy and laying off risk as a hedge against the inevitable downtrends, and when combined with exclusive information/analysis, it's nearly impossible not to outperform. Since hiring a coach for around two years, I've earned more than $1.5 million in return on investment.
That was so much fun and the best lessons to be learned about anything about people who live through and went through it. He talked about things that he failed a little bit at and how he learned from that and now he’s passing her on to other people, people who are actually listen now, but if that gives him great joy as well.
That is why I work with Vivian Barbara Mui, who introduced me to a better financial community, a verified organization where I learned how investing works and how to invest proficiently, as well as free books, courses, and daily lectures. You also get to meet new people, which was the best decision I ever made..
Simple teaching. Making money isn't complicated. It's just a matter of understanding your cash flow direction. Anyone can do this and become rich. This man has transformed my financial life. I no longer buy anything that doesn't put money into my pocket. Kudos! Robert.
And then you went on to create bitcoins..
In general, I agree, but you still have to eat and have a place to live.
Your underwear are smelly
PLease explain to me what you know so I can also be prosperous and get out of debt. Please.
Are you Rich?
Heard someone say the best season for a financial breakthrough is now, especially with inflation running at a four-decade high. I have approximately $750k stagnant in my portfolio that needs growth. What is the best way to take advantage of this downturn?
That’s right! Downturns provide plenty of opportunities for regular people to build wealth from the scratch. However, you may need to get some professional advice from an Investment planner if you need an aggressive return.
@Finest Bear Hug Please can you leave the info of your investment adviser here? I overheard someone talking about how a couple made $200k during this red season. I need such luck lol
@Finest Bear Hug Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
@Finest Bear Hug please advise on who your investment advisor is. I need help to invest
I’ve had majority of my holdings in tech stocks and irrespective of market changes, I’ve done pretty well especially with apple’s P/E(price to earnings ratio) gaining over 30% this past decade, now my questions is what stocks do you think will be the next apple in terms of growth for the next decade.
It might be difficult finding the next apple within the tech stock sector, apple has performed way better than the others, maybe look outside of tech stocks.
well things are different now, same market strategies applied over last decade wouldn’t apply to the current market, so to actually figure out how to outperform the market and stay afloat for the next decade, you should reach out to a financial advisor, that’s how I’ve managed to gain over $450k in profit this past couple years
@@james.atkins88 Would you be open to sharing details about the advisor who provided assistance to you?
Camille Alicia Garcia is my portfolio-coach, I found her on Bloomberg where she was featured, I googled her name on the internet. Fortunately I came across her website and reached out. You can go verify yourself.
I've taken the initiative to research Camille Alicia Garcia online and verify her credentials. I'm impressed with her expertise, and I've reached out to her to share my financial market goals in detail.
Robert: "any questions?" Her: repeating everything he just said!
She's just mugging the fuck up😂😂
that girl is not only effing useless, she's also effing irritating, esp. with those fake facial expressions
@@Albimar17 Jeah cuase its scened and shes jsut reciting.
Llast time i heard, we use ears to listen and brain to understand... not eyes and libido.
She's never going to get rich for sure... She's an employee type of person.
Real millionaires give out advice for free.., fake ones charge you for advice. 😊 May I also remind you the forgotten fact that our Native Americans population in our motherland, Continent of America before the European Colonizers arrived, was around 15 millions, while European population in their motherland, Continent of Europe was around 25 millions. Today, Native American population is 15 million, while the European population, in the Continents of America + Europe, is a staggering 'TWO BILLION'! A shockingly sad truth. In my humble opinion, it's about time to decolonize the Colonized lands, and return North/South America and Australia/New Zealand in Asia-Pacific to rightful owners Native American people and Native Asian-Pacific people. Remember, notorious global cardinal crimes the Christian West has committed, and benefited a great deals, such as Slavery & Colonialism had long been over, why on earth is notorious Colonization still lingering on, may I ask?
nah, nobody does anything for free if they are good at it. You are not paying for it, youtube probably does lol
I agree, some entrepreneurs have a pyramid scheme where you start and you bring in one or two people in and they bring two or three people and so on and so on. It’s never for free. You have to buy a book or kit to learn about the product and then pay a fee to start and make a percentage off what others that are under you make. The information is free, but the sell of a product isn’t. Pyramid Schemes are the absolute worst.
A broke man's mentality
Please I need where to invest my money Can someone help me please
You don't really need someone to tell you how to invest your coins, you can make research on your own and also try doing it yourself first.
I personally cleared $230k of debt going aggressive in the other markets. Right now the markets are crazy but there are still hidden opportunities therein. Having monitored my portfolio performance return huge six figures from the last 2 quarters of last year, I have learned why the market will remain a money den for those who know where to look.
The markets are been propped up by the FED printing money with NO limit. Every time the Market blips down the FED dumps cash into the dip. Tbh I'm in need of a good investment plan currently, I have a lump sum of $100k+ in a savings account yielding next to nothing
@@Alejandracamacho357 Starting out with a with a professional that knows the ropes of the choppy but profitable market is the best way to achieve getting a well structured portfolio. That’s why I have been working with ‘ Corinne Cecilia Heaney ’ and that doesn’t make me daft because in financial dealings one have to be prudent. Most traders enter exit with a quick 10% profit which is not bad in a general opinion but why not aim higher, it doesn’t necessarily mean to be greedy.
@@tradekings5433 i am approaching retirement & i think this is the last window of opportunity for me to become a millionaire before retiring, as Recessions and downtrands are where millionaires are created. Currently i have some lump sum in a savings account and will like to work with a fiduciary financial advisor to achieve my goals. Please how can i reach Corinne?
@@Alejandracamacho357 You can look her up as she has an official webpage for consultations. According to Warren Buffet "I don’t think most people are in a position to pick single stocks. A few are, maybe, but on balance, I think people are much better off buying a cross-section of America and just forgetting about it" In Other words, you need expert hands to be able to outperform the index.
@@tradekings5433 I just looked up 'Corinne online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals and scheduled a call
Starting early is the best way of getting ahead to build wealth. Most times, it amazes me greatly how I moved from an average lifestyle to earning over $83k per month, Utter shock is the word. I have understood a lot in the past few years that there are lots of opportunities in the financial market. The only thing is to know where to focus.
The decision to invest is an acknowledgment that comes with certain risks. Not all investments will do well and some may lose money. However, without risk there would be no opportunity to potentially earn the higher returns that can help you grow your wealth.
@@dulcedeleche3406 I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don’t know who agrees with me but either way I recommend either real estate or crypto and stocks.
I keep wondering how people earn money in financial markets, i tried trading bitcoin on my own made a huge loss and now I'm scared of investing more.
@@thamad311 That won't bother you if you trade with a professional like *Mr Gary Mason Brooks* my coach, you may have come across him on interviews relating to bitcoin. He trades, manage trading account and offer mentorship program for clients who wish to become professional investors.
@@nyreggie You allow people to trade for you? that's interesting, I would love to learn, hope it’s safe?
I don't think these two are actually even in the same room. lol
Derek Lee nnn i
They are. She just rerecorded her responses as they obviously have just one camera
Lol
You can clearly hear her in the background when the camera hits on him.
I thought it was just me lol
Me at the the beginning: I'm 17. Why am I watching this? Me in the middle til the end: I'm glad I watched this
I wish half of the millennials could edge towards such like you so that your generation can be well enlighted early enough to create a stable future for urselves instead of binge watching and all those time wasting activities
If you are 18 now and want to start creating your assets ping me at 8700997351
I’m 17?!?! I’m 13 and I wnna watch this forever 😂
@@World_Of_Sanatani sound a lot like a scam sir
@@fpi2max583 💀dam g u young asf. Keep going man ur nvr too young
Successful people don't become that way overnight. What most people see as a glance of wealth, a great career, and purpose is the result of hard work and hustle over time. I pray that anyone who is reading this will be successful in life
Really i dont have much too say about junkywarriors but is here to end crisis and not too add too it ✌
I'm a Millennial too and currently a rehabbing entrepreneur (getting out of a bold move that left me with a leveraged debt instead of a successful startup!). If there are any youngsters out there reading me right now and in doubt of what to choose: COMPUTER SCIENCE. Not even a question.... biotech, start saving fruit seeds (the next money imho...), get yourself a piece of land where you can start planting trees to hedge for some real food, and learn all about functional programming and deep mathematics (linear algebra and matrices!). I had the luck to read his RDPD book on my first semester of business school, in 2002... and that saved me almost 20 years of taxes and thank G'd I graduated with zero student loan. Great book! Very grateful! Now learning about options and my only regret: I withdrew my private pension account in 2008, during the crash, wanted to go on a journey traveling (30+ countries... awesome!), but I wish I had left at least something there on that account.... so my late 30's advice for the Gen Zs here is dont underestimate the power of compounding income... whatever Robert says is true on the banks printing, yet still... better safe than sorry... keep some % on an investing account. Good luck everyone! Be safe and blessed!
Summary Invest in an asset and let it make money for you
The normal Indian thing is to buy asset
How? Explain this please.
@@RAFatturi 1. Develop good credit. 2. Borrow money for an asset like a rental property. 3. Get income by renting out the property for more than you pay for it monthly.
@@alex7171 Thank you. So I have credit in the 800's Now I need to figure out how to borrow the money and how to choose the right property. I know there is a ton of info out there on doing this. Do you know of any good videos or books on the wisest way to approach this? I just don't want to mess it up.
alex7171 4. Don’t hold that asset in your name.
Purchasing Bitcoin doesn't always assures winning, the ability to make profit off your capital is what makes you win.. Stop relying on the market price to make profit. Choose trading ?
I truly agree with you on that, I must say trading is the future and with the way Bitcoin is growing, it's really advisable for people to trade now.
Initially, my intentions was to start trading Bitcoin full time, I also need good mentorship. Thanks?
The wisest thing that should be on everyone's mind currently should be to trading in different streams of income that doesn't depend on government, especially with the current economic crises around the world?Purchasing Bitcoin doesn't always assures winning, the ability to make profit off your capital is what makes you win.. Stop relying on the market price to make profit. Choose trading
You can never be in debt, while getting the right information from a reliable trader as this, they give clear and brief information on the trading in crypto world. i have never regret trading with him?
haven't been lucky with trading so far, made big losses when I tried trading alone?
“How millionaires create passive income flow” - Robert kiyosaki
To attain financiaI independence, you need the experience of a financiaI consuItant to achieve your goal. The rich ones seek consuItants to help grow their finance and claim to attain success themselves.
I engage in various investments through proper planning and guidance from my financial consultant and have so far acquired great returns (the amount is confidential).
To get more details about my consultant (Diana Alexandra Hunts), do internet research with her full name above, where you can get in touch and write her. Give her experience a try and walk to Success.
The substantial approach you got here; feeling so good to be here.
Deserve all the attention. 🙌
Love the way he smiles when he says he doesn’t pay taxes 🤫
I love his honesty and not a chicken about his finances
World is not fair rich don’t pay taxes . Poor people pay taxes...rich gets richer , poor gets poorer .
Learn to manage your finances and you legally not pay taxes
@@tltarzan678 because if rich people were taxed to shit and couldnt afford to start a business then their 500 employees would also not have a job
Justin exaclty
Thank you for taking your time to teach us about money,because in school they don't teach us about wealth or money.
All they teach is how to count it that’s it
Daquan McDonald If you need help I have been studying since the third grade and can offer some assistance
M.D. DAVID if you need help find what to look into I can help also keep in mind with each of his methods there can be drawbacks such as in this one if you make a mistake it could follow you for the rest of your life
Kingley Voermans sure what kind of thing are you looking for
Our school system MUST CHANGE IMMEDIATELY
"Someone is sitting in the shade today because someone planted a tree a long time ago." Warren Buffett
“A society grows great when old men plant trees in whose shade they know they shall never sit” -ancient Greek proverb
This is really agreeable! You really can't be comfortable and expect financial freedom if you haven't done something that leads you to a life where you no longer have to find means for you to have a food on your table, pay your bills and to have you a roof above your head.
If you’re reading this, know that you are worthy of anything you desire. But you might have to let go of the past and release the huge accumulation of fear based beliefs and emotions you have picked up since childhood. Success isnt created by accident but by design. You have a creative mind and unlimited potential. Never forget it. Stay strong and be blessed.
Thank you for sharing. Some wise words here God bless you. From DUBLIN CITY REPUBLIC OF IRELAND
@Roseline Jacob You are so right everything starts with mindset. The old saying if you think you can you can or if you think you can't you can't, either way your right.
Bitcoin trade is one of the best profitable investment online. If only one could find an helpful guide, orientation, strategies and signals from a professional Broker/trader. I'm sure we all can succeed through the process needed.
Working with a professional trader is a good option for newbies who are ready to invest. So far I've made 5BTC since i started working with Ma'am Beatrice O Wendy. Investing with her company is one of the best decision i made this year.
It's strange how people talk about all the profits they are making through crypto investment, but I still can't make ends meet. I need help on how to invest.......
You did not want to be a teacher like your father but this is exactly what you do, you teach millions of people how to live an abundant life!
Underrated comment.
And the government can't tell him what to teach and not to teach! What a blessing to follow your own path
@Nendy Ramadhan "fake" teacher? are you serious or just dumb?
@Nendy Ramadhan if people get high educated and are able to do jobs like doctors, lawyers, ...... is all thanks to the "fake" teachers you talk about
@@pablodutoit473 you understand what he meant by fake teacher right?If teacher teach what they dont practice mean they re fake teacher,If the teacher teach what he or she practices,mean they re real teacher.I bet there re lot of real teacher that teach medical.
"If you're gonna be successful, whether you're an employee or entrepreneur, you've got to control the direction of your cash flow."
Very true, I got a bit carried away with 1 specific credit card.
Your comment does not explain how to do that.
@@girijaa1 The entire video does. Use debt to buy only that which earns you money, everything else is a liability. If you don't know how to do that, go out there and learn. It's a simple concept but nobody said it's easy or without risk.
@@girijaa1 Because idiots on the internet do not mention specifics. They just regurgitate 14-year old teen girl quotes about "following your heart!" And "make the bank use your money!" Do what I did. Buy apartments near a city like NYC that you know will be gentrified soon and then re-sell for stupid money because, the median income in that neighborhood will rise. Become classified as an investor so your income is less taxable and defer any income you may have to avoid paging tax on it. You can also become an LLC and create other LLc's to prevent banks and other institutions from coming after your personal assets in the event you get sued. Bang. There you go.
@@daemoroth_m Then someone loan me $200k so I can buy a giant bulldozer or backho and rent it out for $10k a day.
My personal takeaways: 1. The key is cash flow: to whom is the cash flowing? 2. The key is not the car itself, the house or the loan. For example, a house can be an asset if you have a tenant who rents it but becomes a liability (short-term) if your tenant leaves (cash flow going out of your pocket straight to the bank if you have a loan; otherwise, cash flowing into your pocket from the tenant and then you pay the bank, with the difference being your profit). 3. Debt can be both positive and negative. As long as you can produce income higher than the payments you have to make to the bank, you are a Winner (more money flowing into your pocket vs. the money leaving your pocket).
I was reading the book Rich dad poor dad and came across with the idea of STOP term mentioned about computer command. I would really appreciate if I could get more information about it as I didn't get much info on KZhead or anywhere. Thank you🙏
When you read the book or listen really close to Robert's view of a home as an asset or a liability he is correct, but in his context of what an asset is. To explain, Robert defines an asset similar to how businesses define fixed assets. Fixed assets are those that generate income...a piece of machinery that produces a product, an office building that allows employees to work and produce. So, is a personal home an asset......it isn't when you ask the question "Does it produce income and provide cash inflow. However, taking equity from your home not to consolidate debt, but to purchase assets that do produce a return....does make it an asset by Robert's definition. It's not black and white. I support Robert's point of view and for most people who hear his liability/home theory, they assume he is suggesting to not purchase a home. He never says that.....what he does say is not to consider your home as an asset....essentially it's a place to live, not an investment.
he gave clear examples. having a house is allowing him to rent other appartment. everything he said makes sense and it's very simple
It can also be an investment if you rent out part of it, and stay in another part. I know someone who mostly lives in his office, he has a closet in his house but otherwise all the rooms are rented out. He just goes home to bathe and change and then goes back to work.
what if you buy a home for 200 000 $ and sell it for 500 000 $ after ten years lets say
Dario Mladenovski sure if that were to somehow happen I could do that but if you rent out homes you have constant revenue that will by far exceed that 300k profit
Those glasses you're wearing is called liability because it makes you waste your time re-adjusting every two minutes.
Michael Ko 😂😂😂😂😂😂😂😂😂
best thing I learned here 😂
Crying laughing lol 😂
Literally made me crack up
your grammar is frightening !!! " is called " lol
Even though I've seen this in his game, I didn't understand why it worked like that. But when he explains this math so simply, it makes a lot of sense. The debt just needs to be lower than the income, and it will easily become free money. So simple it excites you every time he says something.
I love this! Easy to understand and straight to the point! Thank you so much for sharing! God bless you! I can't wait to buy and then rent out my first property!
this girl is not asking the right questions. Like where did you get the money to buy your assets, and what degrees did you invest your time in, if any.
She sounds like she's reading from a script..
she's scripted every letter more or less. she's there to sell what he is saying.
@@ZeZwede Especially around 5:43 with the quote "these teachers aren't practicing what they're teaching". Robert has said that in another interview that he did.
Yep. if you look at a few videos she is pretty much just Echoing him. They are selling a product. nothing more nothing less. sure, some of it can sound good and work, but there have been reports around this guy and the people holding his costly education meetups etc before. it is all just a simple google away, but people just swallow it up.
Maybe she didn't ask but he gave the answers to your questions. He got the money from his creditcard as well as from selling the real estate. He invested his time in real estate classes and never stopped taking them so he defaulted on degrees.
The amount of time we spend believing we can't is more than enough time to learn how you can. -my Brain.
Assets and investment is that tiny line that separates the rich from the poor.
@@annarodriguez8798 about investment, Bitcoin is the future and with the help of a professional trader you can touch the skies.
@@annarodriguez8798 Have you heard of Mark Ramsey of UCLA Anderson financial institution, his methods are legit and works like magic, I keep on earning and learning every week with his new strategies.
Expert Mr Mark Ramsey has managed my account for 4 years now and his weekly profit is so helpful to me.
All my financial goals have been achieved since I met expert Mr Mark Ramsey.
Hello, I'm new to Biticon trade and I've been making losses but recently I see a lot of people earning from it. Please can someone tell me what I'm doing wrong
As a beginner who don't understand how Btcoin trade really works and you really want to make profits from it. I will advise you to first start working with a profesional trader
How can someone know a profesional account manager that is trustworthy and legit, they are hard to find this period
@Patricia Morgan wow I'm amazed you mentioned Mr Greg T. Martin
I will also advise you to try Mr Greg T. Martin fx ,he is legit and his profit scheme is amazing, I've never seen any of his client complain of lost
he is the best and his strategies works like magic. I've been making over 300% of my investment weekly since I started investing with his trading services.
1. I Live in California 2. Property is so expensive here and demand for housing is so high that getting a loan is impossible, and all good properties will be claimed by people who already have money to spend. 3. Tenants in Cali may not pay rent and the landlord can do nothing about it without threat of a lawsuit. In this situation, the banks will still target the landlord for payments despite the renter ignoring payments. 4. Without a college degree and a stable job + collateral, no bank will trust you with a loan. I like his idea of investing in finite commodities like Gold and Silver. The problem is the premium. Silver and Gold coins go for around 25% above spot price and bars (which are far less liquid) sell for 4-8% above spot price. And I'm broke. TLDR: The average Joe is not trusted by banks and therefore it is nearly impossible to acquire good debt.
11:03 "That's why I took real estate classes when I was 25, and never stopped taking real estate classes" - STILL
I'm 76 and still trying to 'find my way in life'.
Until your last breath in this damn world...you have every chance to still "find your way in life". Believe in yourself 💪!
Start right now!
IM 44 still trying to find my passion & way in life
I'm 43 and I'm just got the idea
Not all who wander are lost... remember that.
An investment in knowledge pays the best interest."
Yes, fx and Stock investment, I heard it's very profitable
Do you believe I invested £4,000 and got paid £51,070 in seven days?
Do you believe I invested £4,000 and got paid £51,070 in seven days?
That's not even all, that was my first profit when I started.
I'm even on a weekly payroll, earning £45,700 weekly investing just £3,500 from the weekly profit.
This is where we are failing to teach the younger ones coming up.. It's like learning a musical instrument... They can know all the notes and chords and still not arrive at the right conclusions... Connecting the dots and learning to control them selves.. I lived in my van to raise capital to start my new business... WAKE UP PEOPLE.. AND ALWAYS be afraid of debt.. it can become bad very quickly.. Robert is right! but without self control. Knowing the market place!! Before you can afford a property first you have to master a normal business... most get stuck right there.. You are all looking at the horizon instead of the here and now. Find a good side hustle.. boost your normal income and turn saving money into a game with your partner.. find a way of making it fun.. Start small..! no harm in thinking big.. but build up to it. If you do well don't forget to pass on the Karma to others.
By spending time on YT watching programs like this it makes me Think and i gain knowledge , time well spent :)
Same here too!!!!
lol student debt in the US is such a joke, come to Europe for 500k you can study for 40 years ...
Ok i am coming then😂
I’m going to Europe
I want to go to Europe
1.5trillion student debt eat this america lmao by the way i live in europe :P
Haha exactly!
Hello I'm new to bitcoin trade and i have been making huge loses, but recently i see a lot of people earning from it , can someone please give me a new strategy or at least tell me what I'm doing wrong?
Trading on your own is very risky, I've lost alot trading for my self
I lost £1200 carelessly trading on a platform then I was referred to Mrs Robert Nancy she recovered the loss and made an extra profit of £4600..
@@adamsgreat2571 So... I will advice you should stop trading on your own if you keep losing and start trading with Mrs Robert Nancy trading services
Trading crypto with Expert Nancy has being a game changer for me.
@Michael James You don't need to be shock because I'm also a huge beneficiary of expert Mrs Nancy
Another great video by Robert Kiyosaki... He did get one thing wrong in the video he said he didn't want to be a teacher like his father however Robert you are a teacher and a pretty good one.
Mike Epp Not a traditional, he's more of a coach or mentor.
Mike Epp sugar daddy
At least he's teaching from his own life experience, though.
You're wrong pal.. You have to read his book the Cashflow quadrant and you'll know the answer of your question.
He says in his books that he is both dads rolled up into one man
Damn, I love such format. Feels like the question is addressed directly to me
Too bad Kiyosaki has no idea what he is talking about and is a complete con artist.
Mike Khlebas. How bout when all these bubbles pop and rents and home values drop 20 to 50% ???
I like it too. I don't care about the studio... The meaning of the conversation is damn good.
Mike Khlebas. The base format of what he is saying is correct in principle, but it's very hard and time consuming to keep these rentals going!! I have 13 and it's always something whether repairs, collections, turn overs etc. You can pay someone to do all the work, but you will go broke fast!! Lol. You have to save for new roofs, a/c' s etc etc etc.
Mike Khlebas I agree mike..I love listening to Mr.Kiyosaki
Thank you very much sir you explained it very nicely love ❤️ from india 🇮🇳
Digital currency is a place we get to build product the corrupt can not see...cryptocurrency is the best example
Id rather think of debt as a snake you can tame but could still bite you. Choose wisely
Love this
You are a fucking genius!
C.Bamberger, your correct, Only the well experience can make Dept into a Asset, most of the Time it's opposite, R.K, is a very Talented Guy but he sold million of Books and C.Ds, he keeps all his Real Estate, very secret....
I use to preach your book to my friends at 17 we hustled books(printed), proxy kids to sell candies etc haha. now 24 still learning from you, we opened up a clothing brand tho . Thank You !
Just wanted to know few things..for example if I buy a boat/yatch that we rent to others the cash flow is towards our pocket but then comes the service and maintenance which are costly as well. If the markets are not good enough that impacts daily earning group.. market slows down and affordability goes down and with that profit goes down and may lead to cash outflow..are there any solution or a different perception for this? Secondly, I think even to buy a property we have to save money because even if we take loans from banks we have to make the downpayment at least 8-10% and we have to be ready for the instalment turbulence for years until the loan sums up and profit start generating. For example if I buy a property (2BHK) of $5000 and I do a downpayment of say $100 (I’ll talk in ratio proportion) and I rent it at $40 a month and my emi would be $80 a month so I have to pay 40 extra until the loan repayment is full and generated profit. How to fulfil this gap of emi that I’m paying out of my pocket as the cash flow for that time being is outward. Regarding stock markets even if it’s not controlled by us, it gives the current value of the e money anytime compared to saving money in banks in an FD or savings account with 4-5% of interest. After 7 years that amount will be obsolete even with that interest rate however the stock market will keep the value of money more or same if not less if invested for a long time. Is there any other way of looking to it. Open to any suggestions!
wow just wow. Every guy going into their 20s need to watch this. This piece of Knowledge is going to make me a millionaire before I’m 30. I’m currently 20 yrs old🙏🏾
teach Real State, Robert! How to buy a house, when to buy it, why buy it. And how to know if it's a good deal or not. Ty
No. hes a scammer. not a real estate agent. i suggest not taking advice.
@@lolwtnick4362 whats your source proving hes a scammer?
we are lacking the answer on how to start off from zero to invest in an asset and then turn it into good debt, and bidding a good debt would be competition.
Think! No one will tell you exactly where to start. Start anywhere anyhow with any amount. Vision first the rest will fall into place along the hassle
He said it in another video. Build credit using credit cards. You can not do this with bad credit and low credit scores
@@Emilthehun so basically , if you don't have money,to start,you cannot make money...?!
@@millsse291 not true. You build credit, but dont gotta spend money.
Emilthehun yes ! Bad debt like student loans will keep you a slave forever ahah
Apt and insightful video. Let me add that I moved to a relatively low value housing area because of tax from Farragut, TN, to North Dakota. Reduced my spending and adopted a good dieting. Saved 30% of my income and made a down payment for a house, put a few rooms on rent and the rest of the work was done by my FA. I didn’t achieve it faster because it takes time to perfect, I’ve grown a nest egg of over $450k in almost a year, even as the economy worsens; This can only be achieved by setting goals and of course working with the right FA. A lot may disagree on an FA because of their charges but I always say the work of an FA is so underrated and it’s more than just making sure you make profit. As long as you get your profits based on agreements, an experienced FA who’s been in the market for years will not care about Milking you. Considering how the global economic market has slowed, FAs do a hard-high tasked job to protect and offer financial benefits that a regular investor will not know of. For a year and the half now, I’ve invested with a financial company that invests on pharmaceuticals and cannabis stocks to cover up for the slowed growth of their bonds, crypto and sp500 investments.
Thank you Robert Kiyosaki you really help me build up my business knowledge and I was able to start my small business in 2022. Ur a real guru. Be blessed and continue to bless more.
Debt is good debt, if it allows you use it to generate incomes that are bigger than the interest rates/costs. Note that interest rates vary constantly, so you must have a margin big enough to act as a buffer when the interest rates rise (excluding bullet loans etc). When interest rates increase, usually the market explanations of yield for each industry is reset ( for example, why receive 3% in dividends from a risky manufacturing business, when you can get the same 3% from a US bonds). As as result, the purchasing price of multiple asset classes decrease rapidly (stock prices, apartment prices, etc) to match those "revised" yield expectations. Although Kiyosaki business plan sounds bullet proof, it is not nice when your 6500 apartment portfolio financing costs double in a year, and at the same time the NAV of your portfolio decreases by 25%. Being a land lord is an easy business once you get enough capital. Economies of scale /increased negotiating power will have to start to have an impact once you start buying whole apartment buildings. Further, as the customers pay rent, and owner uses that money to pay of the debts, the value of the owners apartment portfolio increases constantly, and that portfolio can be used as collateral to negotiate even better financing deals with the financiers. This will create an never ending loop with wealth being concentrated to the "biggest players with the biggest balls". Understanding debt, yield and risks will help you get to the top way better than working hard at your job. Ofc day job will provide a reliable and a constant stream on income, but it is unlikely to make you rich, unless you are able to generate passive income streams simultaneously.
Genius comment Doesnt Matter. Seriously. You explained yourself well.
One thing which is Robert don't covered is. What if interest rates were higher than rental yeild and price appreciation at only 3 to 4% and interest rate at 8%+ takes+maintenance+agent fee etc.
I like how he says that we’re gonna have it harder and we gotta be smarter. I always appreciate when the older generation doesn’t sugar coat it
Point taken Robert about student loans
This man broke my mindset limits. The chance to earn a lot of money was always there, only the school educations taught us to stay a slave.
fr
dave ramsey did this and went bankrupt the banks called for their money and he couldn't produce it.
Send a direct message to learn how to use you PC and phone to start earning in bitcoin from the comfort of your home
She's a well programmed robot. Perhaps the A.I. Robert was mentioning
9:00 “When I was 25 I had a little one bedroom apartment that put $25 in my pocket each month.” There’s hope!
$25 it was a lot for his generation, today's' value of $250
maybe not that high in today's value lol. I'm just trying to find the story from the first few years he was starting out
This makes literaly no sense to me. I have a little one bedroom apartment and it takes $720 out of my pocket every month.
From the $720 that you pay the landlord has to pay mortgage,property taxes
Rents are also inflated by a supply shortage. I call it 'house hoarding' and it's why some of those banks have 2 trillion in assets. Pretty crazy stuff. I had a cool idea that will probably never be actualized. The idea was, the banks and government could get together to have the banks donate to a program that would solve a slew of problems in this country (which would boost the future GDP). The donations would be considered NOL carry-over AND they'd be insured! If a bank goes into the red because of their donation, they get interest-free 'bail out' cash from the gov that they will pay back (as they did before). It's a win-win idea. The banks forgo immediate profits for a much larger and richer customer base down the line, the country sees a lot of problems solved and, with a much beefier GDP, comes more tax money for the government, too. Imagine competent, effficient psychological and drug rehabs, near-zero % homeslessness, empty jail cells, cheaper and better education, etc. C, BAC, WFC and JPM have a combined 8 trillion dollars in assets. These problems are well within their reach to solve, but they're not incentivized to do so.
i have just started re learning again , iam excited to put the knowledge to use
From Cambodia, thanks a lot Robert and Your Rich Dad team for all of your very useful advice !!!
People used to go to college to become a lawyer or whatever, then end up filing bankruptcy, to get rid of their debt. Once the Government caught on, they changed things.
Traditional education is a foundation. Firstly, Its what you build on that foundation that counts. I studied economics (a traditional educational structure of demand and supply) for my first degree. I tell you fir sure that the knowledge came in handy. Maybe what should be done to traditional education is make it more flexible to fit the chnaging trends that comes with time. Secondly, a practical approach is needed now more than ever. Theories alone wont help. Having practical assignments in schools will help. It will help prepare the students ahead of time. Thirdly, teachers may not have supposedly practical experience on tye subject thought. That doesnt make them less competent to teach the course. Every good student should develop a curious mindset that set up on the path of practicality. Lastly, while agree in part with the lady, I'd say from my experience that the best financial lessons are there on the streets. But the knowlegde of the books from the classroom will help to blend the lessons and glean well off them.
Thank You Sir For Making This Videos For Us
This man has changed millions of lives, what a guy🙌
I'll rent out my student loan...
Atomic lmao
Loool
Loll
Lmaoo good one
lol, so essentially a job
Outstanding! New here but plan on setting this up and doing this. For the Quotex can we manually enter the settings on a demo account like you were saying or do we have to be signed up for it before we can put in the settings such as you suggested?
From my research, Institutional investors (banks and hedge funds with a lot of money) use cryptomarket as a variant to diversify their assets. The investment in coins is considered as a more secure investment in the period of volatility of bond markets and gold.
Greatly well said; Wondering if viewers here are familiar with MELISA PAMELA PEREZ trading strategy..?
Having monitored my portfolio performance which has made a jaw dropping $370k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market.
I’ve got some savings doing absolutely nothing in my bank and I’ll get something started with it. You seem to be doing excellent for yourself, how do you achieve this?
@@lindaabdrazak8159 Don’t wait until the market skyrocket again then you start biting your fingers wishing you made the decision to invest. bought my third house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.
@André Correa For real you gain real funds up to that amount within 60 days period that's amazing, I tried as a beginner but I got drowned in it. Please enlighten how I can benefit as well Do you trade on your own?
Kiyosaki’s answer to every question ever: “Your house is a liability, not an asset.”
Yours first house is always a liability. however if you've brought a house and it reduces your monthly outgoings its a reduction in liabilities compared with renting. reducing liabilities is as important as building assets as it allows for more cash flow to be put into building assets.
what happens to his 6500 houses when the market goes tits up?
@@kieranhimself9124 His houses are generating income, and since rental property value is assessed and determined by the income it produces, his homes will never lose value like homes that aren't being rented out by the vast majority of homeowners.
I am really bothered by Alexandra's monotonous recitation. I wish her conversation isn't as stiff
Flora Lin she’s soo cringy
ik lol
She is just asking and responding how he wants her to. It's not her own words
Bet shes not as stiff in bed tho
@@BreadShuttIe guaranteed she is.
Respect for this guy's compassion and humility. Thanks for the teaching.
Kiyosaki you father in financial building, you changed my attitude towards financial status, thank you
Bad debt : my Macy's credit card. Good debt: I got nothing...just bad debt
I love these videos I feel dumber and dumber for choosing my "craft" and choosing to do manual labor for a living...🤷👩🏭🤦...
Don't feel stupid this guy is making money off the backs of others. In other words don't rent
It’s the people who do trade, craft, civil servants, all those types of jobs that have made this country. Not the wealthy. I’m a fire fighter paramedic. I will never be wealthy. However, what I do has a greater impact than these wealthy bozos. Be proud of what you do and who you are. When the economy collapses their money won’t be worth shit. You craft will.
@@jordanrowley1901 I'd disagree partially, It was the vision of a wealthy pharaoh to build the pyramids. The vision is labour too and has a greater impact than the baker but one fails without the other.
There's nothing wrong with using your craft and doing manual labor, just use that money to purchase some cash flowing assets
@@jordanrowley1901 So you think they don't have compounds full of sustenance? Every smart finance man alive knows about the likelihood of a SHTF scenario and already has their plan, and they have more than enough money to have all their ducks in a row, unlike 9-to-5 Joe who has less than 1,000 dollars in savings. Best to get more money now, learn the "craft", and then have a lot of shit so you will be the master when everything goes under. People will be begging guys like Kiyosaki for work if the dollar fails or we turn into a 3rd world country over night. Guys like Kiyosaki don't get rich off of dollars, they get rich off of brain, and they always find a way to get in power.
Simply explained but difficult to implement when you don’t know what to look into. A quick breakdown but really this is one of many ways to make debt work for you but it’s a good start. Love the video and explanation
Hey Rboert from where you are borrowing the money which you are referring as debt and what kind of security is required for such borrowings?
I respect Robert for teaching the new generation on how to deal with money and wealth. *But regards to real estate investing, its a model that is very difficult to start.* You need to have A LOT of money, to start buying houses, and banks just don´t give that kind of money to a regular person. Kiyosaki teaches valuable things, kudos to that, but it is still the "slowlane" approach, getting rich at old age. Too late to really enjoy life, when you are old and sick, if even alive? Not to mention that lots of people start buying houses just for the sake of making money, anyone remembers the housing crash? His strategy is probably one of the culprits for the situation, masses following his ideas. Also its a strategy that wastes lots of earths resources, so not good for our environment. Book I would recommend reading is *Millionare Fastlane by MJ De Marco*. I found his approach better and leaner, also its a more varied approach, not just real estate. Its to build a business, a system or service that can generate significant income quickly, not in 30 years but possibly in 3 or 5! Best
That's even harder to do and you need more money to borrow.
You need a lot of money to start buying houses, but you don't need a lot of money to make a lot of money, in real estate
" A strategy that wastes a lot of earths resources" ..!? What in the world. LOL. Buzz phrases applied lazily.
Ydonkov thanks for the comment I completely agree
Ydonkov his strategy was not part of the culprit. Bad loans, poor over sight of the processes of lending and greedy bankers who lowered their standards caused the crash
i would pay to watch him and dave ramsey go head to head.
Great idea! These guys are speaking two very different languages. I'm certain robert would come out on top.
Anthony Diaz , me too! But, I think they’re both right because advice and opinions are always context specific.
It's would be boring because they both repeat the same lines over and over and over
google suze orman and robert. they both fought over who lost the public more money in 2008.
😂😂😂😂
When you said you were 22 and you could’ve gotten paid 100k/Year but you didn’t want to join a union . I done the opposite at 22 I joined a union and got fired 22 years later 1 year ago this month . It was a brutal place to work . I am happier with less money atm I can’t work I am disabled . I was in a Motor Vehicle Accident. I need to do what your saying when I do finally get healthy and can work again . I need to take my money and invest like you did. I was gonna open a restaurant. I have a great location to start. Also I was gonna purchase real estate and rent it out for income . I don’t want to ever have to work for my pay check again. I did it for 25 years . I made 100k-140k . I didn’t save a dime . I think this Vid popped up in my feed for a reason . Thank You 🙏
Weldon I love hearing stories like yours as it gives me hopes to get me and my young ones out of financial instability. Any idea crypto to buy
In other words that’s Business.😑 Loan money, (if bank will let you) or use credit cards (only for those who have higher limits like you do especially at that age when you’re just 25 yrs old) to buy a property and use that property not a place to live in but as a business. “RENTERS” “RENTING” You buy a property & let that property earned money by people renting that property for daily basis or monthly basis. In that way you earned more than what the property cost for monthly payments in the bank, so in the end property will be paid off, you don’t owe money from the bank anymore, you will own the property using the renters money. (Not you’re own money from your salary) The question is where to get a a capital to buy a property? In the bank? Loan? Finance? Use Credit Cards as DP? Not everyone will get approve by the bank.😑 So still have to work hard, save enough money to use as DP in the case if bank will not let you barrow money. Build or rebuild a good credit cause I doubt if there is a bank that will let you loan a huge amount of money if your credit score is poor or bad especially if you don’t earn enough money annually. Alot of Chinese now a days bought condos and that condos is for rent. Any property that they can earn money back just like this rich guy does.
Rob: " Does that make sense to you?" he even drew a picture for her.
Robert kiyosaki is my favorite personal finance guru ❤...thanks Robert
Thanks bud for keeping us financially Educated! Regardless of how bad it gets on the economy, I still make over $28K every single week.
That's awesome!!! I know nothing about investment and I'm keen on getting started. What are your strategies?
@@vereshchaginvladislav8877No doubts! The strategies and Al auto trading tools she provides for beginners are very helpful, being part of her vip signal channel has really helped me as a stock holder
after watching so many KZhead tutorial videos about trading was still making losses until Mrs. Kathy L Warley started managing my investments now make $10,567 weekly. God bless Mrs Kathy, she has been a blessing to my family.
I used to work 3 jobs, full time at Walmart, a server at the night, and did lyft on the weekends. still only make ends meet.
Am still shocked and surprised how made 3 fold gain copying Brenda's trade for just 3days
Robert is telling some truth, but homegirl straight up lied about that accounting class... I have an accounting degree. You have to learn the journal entries and correctly structure financial statements, you aint learning that in no hour; I dont care if Jesus Christ himself is showing you the debts and credits. But I digress.
That's right. One of the first thing I learned was financial accounting that says about cash flow!
I learned how to do journal entrie in a hour and it took me 5 days to finally understand how to make a proper financial statement
Difference between good bookkeeping and Accountant?? Bookkeeper thinks the numbers matter LMAO ALL ACCOUNTING DOESN'T STRETCH 8TH GRADE MATH!! Principle is same: it not an asset if it doesn't positive cash flow..because no matter how you record it....it either makes you positive cash...or Costs you cash. Second tip: don't learn how to be a multi millionaire from someone who isn't one........if you think education is expensive--Try ignorance. The Girl is correct..how can someone teach you what they do not know OR are not applying it themselves.... Want to learn how to invest...go find the largest landlord in your area...and ask to speak for 30 minutes with the decision makers....and ask them...what would you charge me to learn what you do....it is cheaper by far than any MBA. .and way way more productive financially. That is the sort of education you Need to become wealthy.
Jamah murphy I agree, I’m halfway through my Degree and still haven’t masters F/S, Journal Entries, etc
@HashDog How is he a scammer? Can you please explain?
It's so annoying I can find great people like this on the internet yet going to school and learning from a teacher in person hasn't taught me anything close to what I am learning from real people.
I really enjoy roberts teachings and I’d go as far as to say that it changed my life. I grew up in a family that bought up condos and rented them out so I always had the foundation. I think it’s important though that Robert explains he still pays some taxes. He keeps saying good debt good debt good debt when in reality it’s you go get a condo for example for a decent price. What makes that condo a decent price is a profit at the end of the year. You want to buy a property that pays itself ( the mortgage ) and has a little net income after that. You will still pay taxes on that net income at the end of the year. Robert just had so many properties that the little net income from each property equals to a large net income annually. He still has to pay taxes on that. You could spend all your income on your investment at the end of the year and not pay taxes on it but then you would literally make no income from the property which is pointless. Still a great guy that I watch weekly though never the less. Just wanted to clear up some things that confused me when I followed him as a teen
Bless you, my cousin read your book and manage to make milion doilar company by learning from your teaching. Bought your book myself and watched this video. Thank you. I hope to follow the footsteps of giants and become one myself.
Buy buildings with credit cards and put buildings as rent... Then people buy many of your rents, as a result for your cash flow...
Yes but paying back the cc might cost loads
I have a question, on those 6,500 rental properties, do you pay people to manage them? I’ve been looking into real estate investing, specifically renting properties, but my “Poor Dad” told me that it’s bad because tenants always break things, demand they be fixed by the landlord, miss payments or refuse to pay, and produce more trouble than the money is worth. I was just wondering if you could shed some light on this subject for me and give me the “Rich Dad” insight.
Have a strong contract with tenants drawn up ,not by a lawyer,do it yourself make em sihn and notorize it then make em pay for damages.
if you love it you can find the energy and solutions make it work and find it rewarding. every industry has its problematic costumers but dont listen to the naysayers.