The #1 Thing That KEEPS YOU POOR
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- Опубликовано: 2 окт 2024
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Today we are going over the main ideas of the book the cash flow quadrant by Robert Kiyosaki.
In this video you'll learn the difference between being an employee, self employed or getting rich on the right side as a business owner or an investor.
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Hope you guys are dominating your
path and making the most out of life!
Question. What has been the worse advice about money you've ever gotten?
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The worst advice I got was
"If you invest with me, I'll double your money."
from a very experienced real estate investor.
*I lost it all.*
How do you invest in a blue chip company without a broker ?
The Better Men Project worst advice I've been given was mutual funds are the future. LOL I promptly walked away from that bankster.
Save it!
The Better Men Project 💪🎅👮😽
Be your own man buy with cash. Never owe. Hustle hard. Save. Take no shit. Be nice.
mgtow baby
That is also tricky . im 51 years old . ive been self employed for 35 years . i have bought everything i have cash . now im open another business an need a loan . here's the problem i don't have credit score. So i had to bring a invester in at 15% . in order to start production . so before i even start up im 250,000 in the red . so paying cash isn't always the answer.
"Never owe." What a ridiculous philosophy. You realize basically every great enterprise, be it successful companies, powerful countries, etc rely on borrowing to maximize their potential? Imagine how successful an excavation company would be if it decided to have its employees dig with shovels rather than borrow money for an excavator? Or imagine a would-be doctor who decided to work at McDonald's until he could afford med school outright? It would be a waste of time and resources. Borrowing is essential to maximizing resource efficiency. Obviously, you don't borrow money for stupid shit, but "never owe?" That's just impractical.
Dilettante_Elite _ how much do you owe?
15% is better than the 24.9% you would of been charged on a loan so stick with cash man so u can retire like you deserve
Interest rate interest rate interest rate. If you don't know how interest rates work, you'll forever be poor.
Agreed
Credit score, credit score, credit score. If you don't know how your credit affects your life from interest rates to insurance rates, to even getting a decent job, then you will really be poor for ever.
jamie t I disagree, you don't need a credit score to make money.
Dave, with a poor credit score you will get screwed on that interest rate, if you can even get the loan. If you need to access capital, your credit score is very important. If you have to carry a large amount of insurance, that poor credit score will drive you insurance rates through the roof. Since margin and overhead is so important to business, your credit score is important as heck. Sure, you can make money with a poor score, but if you know how interest rates work, then it is extremely advisable to have a great credit score. Peace Brother!
Qaibsreetline: yeah, we all die, but we can die miserable under a bridge, dirty, thirsty, in pain, alone... or we can die in a clean, comfortable place with trained people around to help us as much as we can be helped. I'd prefer the latter.
If you are the self-employed owner of a small business providing goods or services to the general public, EVERYONE is your boss.
This is one of the most true statements I’ve seen
elmfork52 only the ones you CHOOSE to work for.
No they aren't.I put the prices and they pay me.Bye done deal.
Not really. Having a boss means having someone to order you around and tell you what to do. While your customers might influence the way you sell your product, they don't directly order you to do it in a certain way.
And because of this not everyone can fire you.
Some people think they're rich because they earn big. Take away their monthly expenses and the're as poor as a bartender living in his parent's basement. The difference is their lifestyle. Being rich can also be considered as having enough passive income to never have to work. Fellas like Kiyosaki (self made men) started small, reinvested, didn't have kids, and after a long while got enough money for their retirement. It's ok if your dream is to be financially retired at 48 but others use debt to grow a family, care for their kids. They don't have the heart to throw all that down the drain just to die rich of money. Instead, they die rich of memories and of the love they passed on. In fact, being rich is overrated. Even Steve Jobs said so during his last days.
Why not both? Kids are a form of investment into the future: They ensure that you're taken care of in the future and will provide support if there is a backlash in any way. Kids will, besides that, also ensure that you'll never be alone, provide a sense of purpose and will provide emotional and psychological strength.
Saving money and investing will also ensure that you're taken care of in the future and will insulate you from any backlash in any way, but it can never provide with any higher sense of purpose or fulfillment like kids will.
Assuming you have positive relations with your children of course.
Of course. There will always be assumptions in anything that you invest your time and energy on. These assumptions might or might not be true, life is unpredictable.
He said so aftr enjoying a lifetime of riches..dont be fooled..if he ddnt like the rich life he would have given up all of it and lived a simple life
mrRunist mmmm,, ñ
008d
Applied knowledge/education is key for financial success! Great info!
Stay True Warriors 😉
I would love to get more information about the investing part of this video... please make a video on tax breaks for investors; I'll greatly appreciated it
I am excited to dig deeper into this part of business for you guys !
Hope to see this video soon :)
In school you are taught, basically to be an employee. The normal path is to do well in school, go to college (with crazy student loan debt!) and hopefully get a good job/career so you can make some wealthy business owner richer than he already is! You know what isn't taught hardly anywhere in public schools? Entrepreneurship. Investing. Stocks. Bonds. Starting your own business. Want to know why? Because big business owns and controls what is taught in schools.
The rich don't want you as competition, they want you as working class SLAVES! Big fat cat corporate money has long since decided what needs to be taught in schools is that you need to become an employee, serve a rich boss, get paid peanuts... and by ALL means get yourself into TONS of debt! Have 3 kids! Buy that new car! Credit cards for EVERYONE!!! Why? Simple. Debt is another tool that does 2 things for the rich. 1) They make money off of you in interest and 2) you being shackled in debt means you will have to work even more hours at your low paying, back breaking job to afford all of the nice things you can't afford. This is perfect for the guy at the top because you will slave your life away 50-70 hours a week and never see the family you created, while he gets to buy another beach house and a yacht!
The sad part is that we are brainwashed starting as kids to be a poor, indebted slave to the rich.. most of us don't realize until it's MUCH too late, the error of our ways. You should be taught to hold off on having kids til you are in your 30s. Take on as LITTLE debt as possible and invest and learn investing starting at age 16-18 at the latest. Credit cards should be replaced by a mutual fund/index fund account on your 18th birthday. 90% of student loans are pure insanity. $40,000 in debt you can't get out of unless you die for a job that probably pays less than that amount a year to start. If you can get a scholarship or grants, fine, but going anything over $20k in debt when you are 18-20 and barely know what you want to be in life is just stupidity,.... but, that's what we are taught is right... and make no mistake, we are taught these things because the people at the top, who own everything NEED you to be an indebted slave making 1/100000th of what they make and never able to dig yourself out of the hole they told you to put yourself in.
I'm 40 years old and the lightbulb came on for me about 4 years ago. I was the indebted slave. Now, my total bills per month equal about $8-900 a month and that includes food and gas. I invest like no tomorrow, have a cash backup account and will never put anything on credit ever again (possibly a house, but I will have to have at least 50% or more to put down on it and a huge cash position to back that up).
Get off the hamster wheel, folks. That's exactly where they want you to be.
Devil'sAdvocate brilliant comment
No. Big Business doesn't own and control schools... Democrats do... via the teachers union... which is beholden to: Democrats. For the LEFT there is no higher calling than being a "victim" and one of those is being a victim of THE MAN in a world where one can supposedly only get their small piece of some finite pie if the government gives it to them. Class warfare is how Demoncrats get people to vote for them. Promise goodies... get votes. Well, I think for myself and CHOOSE to stay out of debt. I also CHOOSE to CREATE WEALTH... not just expect government handouts from empty Demoncrat promises. In summary: STOP being VICTIMS... and blaming others like big business and take responsibility. It sounds like you have. But its the Demoncrats doing the enslaving not businesses.
@web. lol. Another far right Republican blaming everything on the left. Both you extreme conservatives and extreme liberals are comically off base. I am also debt free. I also invest heavily and create wealth. I also do not believe in a lot of hand outs. I am nowhere near a "victim". I live quite well, thank you.... however, neither Democrats nor Republicans control ANYTHING in this country. Big business and their far reaching power have long since bought and paid for our congress, our rules and our laws. Why in the HELL else would NAFTA be a thing? Who in their right mind would vote for a law that allows big, greedy corporations to move their companies overseas to China and Mexico to pay slave labor wages so they don't have to pay Americans a fair wage? WHO would vote for that? The answer REPUBLICANS AND DEMOCRATS BOTH voted for it! They are BOTH equally guilty for selling us down the river to greedy corporations who pay them off via lobbyists.
web, you fit the exact mold these greedy fuckers WANT us to be in. Divide and conquer. Have the right blame the left and the left blame the right... while we all are bickering amongst each other, they fucking rob us blind! By all means go ahead and blame the left for everything. 90% of ALL politicians are paid off crooks... left and right. Trump says he is going to kill NAFTA, I HIGHLY doubt he will because big business will not let that happen, but, if he does, he will be the greatest president ever in my eyes. Students are taught in schools to have kids early, go to an expensive college, bury themselves in student loans and use debt as a "tool". The only people who benefit from that line of thinking are big, money hungry corporations. Not Democrats or Republicans... though BOTH of those groups are guilty of being paid off by Visa, Mastercard, Bank of America and the like to promote their agenda.
Wake up from your extreme conservative stance and see the bigger picture. You are part of the problem, as are the far left. You both have been mind fucked by the REAL enemy, big business!
Devil'sAdvocate fucking well said my man. Corporations run this country. And the left and right both take the handouts to sell us out. The false left right paradigm is a divide and conquer tactic promoted by the controlled mainstream media, who are owned by....giant corporations.
Very well said. Peter Joseph awakened me about 7 yrs ago to the debt slave scam. It’s criminal.
Yes more about investing and investment
Lol all 4 categories can live comfortably through hard work . Why does everybody want to exclude hardwork?? You wanna know what’s sad ? I know a foreign girl (she’s Russian) who works at McDonald’s she literally came to America , got two jobs (McDonald’s, Kroger’s ) , and saved her money and kept working .she had her mind set on a car , and in 3 years she saved and got a Benz 😭. But then I looked at all the Americans working Kroger and McDonald’s and they just sit and complain about how they not rich , or how they think they being slaves to a business owner 😭. Just use hard work guys , SAVE, if you wanna be a business owner than be one , remember you control your own life. So if you don’t like something in your life ..... THEN CHANGE IT
I think that was a terrible choice she made, she could have invested it not spend it on smth material, but I agree that you have to work a lot for all of them, you don't just sit on the beach all the time and money falls from the sky, if you have a big business you will want to stay there all the time to make sure things are going well and also you will think about it non stop,just look at gary vee how much he is working. I think this video is made this way just to sell you that course
I think they're assuming hard work within all of the categories: they're just suggesting that efforts directed towards the "right side" of the grid will serve you better financially than efforts within the left side. Example: if I work my rear off as an employee and save a large % of my pre-tax income (eg. funding an IRA), I'm shifting from earned income wages to passive income investment returns. Over time, the investment principal and returns will lead to financial independence, whereas the earned wages will not. They will disappear as soon as I stop working. I fully agree, though, that hard work is required. This video suggests working smarter as well.
Michael Stevens ohh okay 👍🏾that’s a fashoo
you cant work hard all your life, if you keep working till youre old and when youre not physically fit anymore your employer will get rid of you.
Credit is only good for buying shit with someone elses money to sell it for a profit, keeping the difference after the loan is returned upon making the flip. Nothing else.
all ball Amen 🙏
I like that
Good Idea Man.
The worlds debt is many times the money supply ( including America) . No lender (s) are that stupid.Get 20% back in 20-30 years. It's not money they have.
When I read the cashflow quadrant, I felt like Neo when he took the red pill. Everything in financial aspect of our lives make so much sense. Powerful video my man!
Understanding how money move will completely change the way you approach it.
Happy to se you here brother!
Powerfull ...my arse.
Another excellent video! I'm learning a lot! I love how in the 1st & 2nd quadrant you had a picture of Proverbs 23:5 "In the blink of an eye wealth disappears, for it will sprout wings and fly away like an eagle."
This video was absolutely amazing!
Very informative, very organized and very insightful. I appreciate how much time and effort went into making this video because it only helped me fully grasp the information fully.
One of million videos that quotes Robert Kiyozaki
Wonder why
Stop making excuses and become what you want to be you have to learn to manage your time if your partner doesn't want to be your partner in crime they get less time and if they love you they will help you and if they don't they will leave you you don't have to do nothing but get busy and don't make excuses you're the only one that is making this a problem
Thank you for the like follow me.
Matthew 6:24-34 (KJV) "24No man can serve two masters: for either he will hate the one, and love the other; or else he will hold to the one, and despise the other. Ye cannot serve God and mammon.
25 Therefore I say unto you, Take no thought for your life, what ye shall eat, or what ye shall drink; nor yet for your body, what ye shall put on. Is not the life more than meat, and the body than raiment?
26"Behold the fowls of the air: for they sow not, neither do they reap, nor gather into barns; yet your heavenly Father feedeth them. Are ye not much better than they?
27 Which of you by taking thought can add one cubit unto his stature?
28 And why take ye thought for raiment? Consider the lilies of the field, how they grow; they toil not, neither do they spin:
29 And yet I say unto you, That even Solomon in all his glory was not arrayed like one of these.
30 Wherefore, if God so clothe the grass of the field, which to day is, and to morrow is cast into the oven, shall he not much more clothe you, O ye of little faith?
31 Therefore take no thought, saying, What shall we eat? or, What shall we drink? or, Wherewithal shall we be clothed?
32 (For after all these things do the Gentiles seek:) for your heavenly Father knoweth that ye have need of all these things.
33 But seek ye first the kingdom of God, and his righteousness; and all these things shall be added unto you.
34 Take therefore no thought for the morrow: for the morrow shall take thought for the things of itself. Sufficient unto the day is the evil thereof."
You don't need money. Having a job that pays money is working for mammon. Work for The Kingdom, and you will receive your needs being met.
Andrew break it down in laymen terms
Let me guess -- Apollo Quiboloy
Yes. Please make a video about investors and how they paid much less in taxes 😎
Awesome. That is one of the very fascinating topics i am excited to dive into.
The Better Men Project Glad you are making these great videos👊
Excellent - will look forward to seeing it - LOL.
more videos like this for sure. Good job again dude. alert army
Awesome! for being part of the Alert/ notification army! Will be definitely be making more videos like this !
The Better Men Project there is no way to be rich now days. Everything is invented .
Don’t understand why anyone would thumbs down this video. Very to the point and all true! Thanks, it’s helpful for me
I became rich after your advice!
I know people who own their own business. They work at least twice as much, and usually more than me. Mostly they do all right, at least until they go out of business, but when you break down the hourly wage plus benefits, I am way, way ahead. What I recommend is purchasing a couple of rentals and generating a positive cash flow. You work less and gain appreciation on your assets. This guy forgets that it takes years and tens of thousands of hours to build a business that is self sustaining, and really, most of us are not capable. Investing is great if you have some extra money, but that too takes a lifetime if you start at zero and don't hit a Microsoft at day one.
If you had purchased 100 shares of MSFT on 3/13/86 for $2,100 you would have about $2,800,000...not bad. There are three things to consider. 1) Nobody heard of it then, so it is highly unlikely you would have risked that much cash if you had it. 2) MSFT did not start paying a dividend until 2003, so for the first 17 years if you wanted or needed cash, you would have had to sell it, wiping out future gains. 3) If you had purchased it just 1.5 years later 10/1/87 it would be worth half (1,400,000), and if between 4/17/90 and 6/27/91 - about 700,000...still great providing you didn't sell any shares and take a profit in the ensuing 27 years. Now say you used tthat same $2,100 to buy on 2/19/03, today you would have about $8,000 fifteen years later, and not be bragging, but still a very nice return. So yes, investing should be a substantial part of your strategy. Just don't expect that you will hit Amazon at day 1 with a 10k investment, or that somehow you manage that, you will hold until you have a billion dollars.
Sounds like you're a quitter
Sounds like your recommending the S quadrant. Being a landlord IS a self-employed business. Cash flow for that can be GREAT but you better know what your doing. (Look up bigger pockets if being a landlord sounds like fun. (Hint:It's not) )
Spoken like a true employee.
"Most of us are not capable"
Seriously, you sound like a slave. Speak for yourself not others. Sweetheart, I'm capable of anything I put my mind to and it's that mindset that keeps us stuck and enslaved to these corporations. You better realize you have power and use it wisely.
Not knowing things is soooo dangerous
Seriously, Your VOICE makes me tired before i can focus on what u'r saying.
Yes, I thought the same..
I've read all books by Kiyosaki. This video is basically all you need to know. No point to go through hundrets of pages.
The harder I work, the more The Government takes and gives to people that NEVER work.
Your taxes pay interest of government debt (Grace Commission)
The multi millionaire/billionaire & multi billionaire bank controllers/ owners don't mind. It's what got them there. The money supply in every country is a fraction of the debt. The indoctronated people don't realise.If it were real money, it would cost the lender a fortune, which they'll never get back.
Exactly
False: The more you make the more you make. I assume you are talking about overtime. If you make more than a certain amount and you push yourself into the next tax bracket (unlikely), you will get taxed on whatever you make after being in the new tax bracket. They dont go back and retax your income before going into the next bracket.
@@BoogerDeluxe22 Bill ( not you) a fictional CEO on 1/2 a million a year.pays 50% income tax & usually 15-20% other taxes a year. That's only 1 tax less than the elderly, on a pension, the dissabled, students and the unemployed (over 1 billion people worldwide). & of those other 300 zillion taxes, there people pay the same % out of their pittance of an income as bill (way poorer than them are billions of poor people in the 3rd world).
Back to Bill, his family come first, so he bought 2 new & safer cars & extended his house for his growing children. He also got tires of hiring a luxury yacht every holiday, so he bought one.
Now this cost Bill a fortune & he doesn't really need it. But his children come first, a great guy too.
He can always sell a property or 2 if he has to.
In 2018 Bill spent 110% of his income on taxes.
In 30 years as an exec, his total tax has been above 72% 4 times and 80% once. Tax returns are only a few % most years.
Tax fair Bill Paxton? What do you think taxing a few tens of thousand high income earners worldwide does for prices & inflation? Let alone taxing billions a year, from those on welfare?
Bill, the millionaire, lining the pockets of multi millionairs/billionairs/multi billionairs. (sound like many, but it's a few, a very very few, far less than the Bills)
Taxes do not go to government. Debts by government rise by thousands of $ a second.
Yeah, i'm an investor. I just pay 0,3% in tax. It's nothing at all.
I would add a fifth way that people can become wealthy,what I call the ‘dumb luck’ category that includes inheritances,lottery/casino/online gambling winnings.
There's a 5th way to make money
Scamming
Stealing
And all those what nots
LoN3LY BoY But even committing crimes for money would fall under one of those 4 categories. Because it doesn't matter what type of means you do to make money, but the system you use in order to make money. For example if you sell drugs for another drug dealer you're an employee. But if you sell drugs for yourself you're self employed. But if you got drug dealers selling drugs for you then you got a big business. And if you're supplying money to help the big business drug dealer, or the small business drug dealer for the purpose of operation in which you get returns you're an investor.
Why don’t we learn this in college
YCTV you don't need school to learn. You are your own teacher.
why would school teach people to not be employees?
Right, its more beneficial to create worker bees
I would ask, why isn't this learned in high school or earlier?
You can take classes on finance and economics.
This video is awesome, well delivered love the msg
Investing taxes please
Sounds good!
this is well useful and knowledgeable, I would love and continuation of this information bless.
knowledge is power, thanks for the advice.
all this comes down to is you are going to make money off of an employee of sort. we have to be thankful and appreciative of these people.
My dad is a 'B' and im so glad I have a dad like that! Perfect video !
That’s awesome. Make sure you learn how to get there yourself!
I would like to know more about investing
Please make a vid about the Investment quadrant
Will definitely do!
Wow..but plz well explain in hindi..
We'll try to get some captions in Hindi soon, Thank you for the recommendation
My dad is forcing me to watch this and do business stuff😭😭😭 I'm only 14.
I think you should focus on what you enjoy.
Business principles mixed with things you enjoy can allow you to make money and have fun at the same time 👌🏻
I’m 25 and I get to do what I want and make money at the same time.
Glad your dad had you watch this video. You might be able to do some great things in the future.
Yeah that is good
Stop whining and be glad your dad ain't shooting up heroine
You just don't no how Blessed you are to have a dad, some teens just want dad around
dont whine..i wish my dad did that for me..where i am from people mostly value the ateady job only thinking about the job security..business venture is considered reckeless.but young generation knows better only the parents dont buy it.
I just have an average of 30 pesos/day spending but I feel so contented and feeling rich.I have all my basic needs!
Im I and E. I use E money to fund Investments
That’s great. Do you invest yourself or do you give your money to investors?
So the thing keeping me poor is that i do not own a big business thanks a lot for the helpfull tip!
Study hard. Prepare hard.
Agreed
Please do a video on Investing. I love the way you presented the subject. Excellent video boss.
so i've come to the conclusion that rich people buy shit with debt. and majority of people work to earn their income that is actually theirs. So are these people actually rich? or have they just found a way to temporarily go around the system
That’s a tricky one. And a great question. It’ll take a full video to explain that in more depth
debt is financial cancer
SuperPenguin5495 people who die in debt. Go to hell. It's how you really don't end up in heaven.
That's not a good way of thinking of things. Some people would say it's a poor person mentality. The rich people take the greatest risk. That's why they are rich. They intentionally go into debt to invest in an idea for the chance of greater returns.
A guy might flip hamburgers all day..and sure his money is his and he earned.. but he is playing is safe and never taking a risk. If you gamble money in a poker game and win.. it's still your money.
JustinL614 no. The government praises people to go into debt. Because the federal Reserve gets rich off interest placed ontop of debt.
There's no real reason to go into debt. Other than being brainwashed.
I love how after teaching us about Big Bussiness, we are then directed to YOUR big business. Well Played
Solid video as always, please keep it up, very informative.
Thanks! Will definitely do
What do you use to make your video-it's fabulous for instruction!
Great vid man. Please make a B video dude
Can you please do an in-depth video on the Investor quadrant?
SHARING IS CARING
Do not focus too much on money but with your fulfillment,your contentment,your service,love your work!
Just google JIM ROHN
Jim Ron is cool !
Will you work part-time on a business that will replace your job in the future?
Yes. I did exactly that myself
For all of you asking abouy how the I quadrant pays no taxes: Tom Wheelwright - Tax free wealth
Read this book and it will change your way of thinking about taxes!
Love it! I haven’t heard of that book. I’ll definitely check it out
Don't know if you made the video as yet. Would appreciate it if you made one about how investors pay little to zero taxes on their income.
awesome! thanks knowledge is a key
Major key 🔑
You explained this so clearly.
Commenting for a heart react.
You got it brother !
Reaction
You do realize its impossible for everyone to be on the right side. Someone still has to do the actual work as an employee.
That’s right, but not everyone can make it to the right side. At least not as a business owner. Anyone can invest
Things that keep you poor: KIDS & TAXES
This guy. ☝️haha
Democrats are the ones keeping you taxed. And there has been a $1000 per child tax credit for many years now. Things keeping people poor: THEMSELVES and their poor choices.
So where are adsense/amazon affiliate website owners with passive or semi-passive income on this graph?
Yes more on investment please
The BEST video I have ever seen on financial education! THANK YOU !!!!
Thank you Corina :)
Yes please make a video on investors.
Awesome. I’m excited to dive deep into that subject!
Although I agree with you.. But my mentality or people can maybe do this,,, but I am an employee and yes I have the employee mentality.. but what I do is the paycheck I got after I pay my bills, I invest it like creating a business venture in the Philippines with someone can over look it for me....
That’s a great step. Then you don’t have the employee mentality. You are looking for more.
And that I respect
I appreciate the enthusiasm, but this is FALSE. There are more than 4 ways to make money. You have crime at many levels, a couple of them which let you get away with it by being a politician or the super rich 1%.
The most obvious way to make money, though, is WAR. That's right. Rich countries are rich, because of treaties grossly sided to their advantage of countries they conquered or won a war against to dictate policy and the exploitatioin of their (loser country's) resources. Add to that the land they acquire or control so it doesn't look too blatant and abusive. War also gives you whatever your enemies had.
When you think about war, don't think about armies marching into territories to fight other armies; no that's not the way wars work these days. The world has gotten smaller and claimed for the vast majority of land by a handful of individuals. No, war nowadays is fought through the silent murder of your enemies. I'm sorry to say this, but it's the truth. The most successful individuals are those who not only fuck up those who are in their way or won't do their bidding, it is the individuals who have a ring of professional assassins call it the police, organized mafia cartels or what have you to do... (Yep! You gessed it!) their dirty work by outright murder. No different than thousands of years ago when people bickered over the same things: Power and possessions.
There's even a study by a Stanford professor who also wrote a book on Power: Why some people have it and others don't. It's just along these lines. Cynical as is, we are ruled by psychopaths and sociopaths of the worst kind who have managed to fool us into not seeing them for what they are.
Taqeem Hilton2.0 that does not pay well
These people are still investors. Think about it.
Idiot.
War would technically fall into the "B" quadrant. War is big business, after all. Crime would be like an "S" or "B" quadrant, depending on your level of criminal activity. A petty thief would be like a self employed person, stealing is work, and time. A drug kingpin would be more like a Big Business person, letting your underlings do the work and taking your cut.
@@davidedwards7335 valid point
Yes! A video on investing would be great.
Awesome. It’ll be an awesome video!
Thanks for making my mind richer
Always happy to help brother!
I am RICH because of ur advice
I'm gonna make money in a few weeks. and I will be happy doing it
Super nice summary, learned this long time ago. Yet still stuck in E quadrant.
Action. Another important key point here is the capacity of ur mind to take action after u hv obtained such valuable info/knowledge from R. Kiyosaki books.
No action, will still end up like me, haha, stuck in E quadrant, even after 3 years I hv read the books.
You are right. Action is the key factor.
Knowledge is not power. Is only Potential power. Action is power
😀😀😀😀😀😀😀😀
I've been learning about investing but idk where to start, half the classes i attended and videos i saw are people just tryna get you on their team to make them money
Awesome Video, thanks for breaking down E,S,B,I.
Happy to help my man.
Quick question
What are the top 3 topics that you think can complete change your life?
-Self development
-Money
As an employee, I have NEVER been taxed at 40 percent and I currently live in one of the highest taxed states.
BUT, when you take into account health insurance, PLUS taxes, it’s 40 percent.
So maybe in Canada (govt paid health care) it’s a 40 percent tax? (No.)
So what gives?
Useful information
Glad you can make use of this info
I understand we need to move from one quadrant to the next...but how?
I hope one day I'll marry a rich princess and never worry about the 4 quadrants.
Let’s hope
CHRISTIANNWO highly unlikely women usually don't marry down... They are cunning creatures.
dirtyolbugger not cunning at all. Pretty pathetic and sad Actually. They are expected and enabled to lie steal kill while men are supposed to be Honorable moral and loyal. Doesn't make sense and totally pathetic
+A Stand
He said cunning not upright. There's a difference.
Marry an Asian just don’t cheat or she’ll ruin you. Chinese specifically
What quardent does making money gambling fall under?
Really good video
Thank you!
Dividends are taxed twice. Once at the business level after interest is deducted and taxes are taken out for a businesses net income, and second at the personal level with the dividends taxes.
hey bro nice video👍👏👏
Thanks man!
I think investment is the best option
Very Good Video
Thank you!
Theory. Don’t be lazy, do the math yourself.
Thank u bro good video i learn alor
Thank you!
Just tell us how much your seminar this will cost us.
It was a free seminar, but it is expired now.
So really...you're just paraphrasing Robert Kiyosaki ???
clive gilbert and Primerica meetings
Please sent me more info..your video is very truth worthy.thank you
Yes!!!!!!
I obviously rather live the big shot life. Would this be possible for me with my learning disability? Could u give me the knowledge I don't have? If so, feel free to reply
Thanks for this, the quadrant just broke up a lot of confusing theories
So to get into big business you need to be self employed until you save enough to hire people to do the work for you? That seems like what you mean I just wanna clarify
There are many ways to do it. That is just one rout
The Better Men Project The book actually states B as Business Owner. Owning the business is different from running the business like the self employed quadrant. Unless he updated this book, that’s what the B category stands for. Read it again!
Jacob Gauvin I'm sure he changed the name slightly to help highlight the difference between owning a business and being self employed. Owning a business and owning a job are different
so educational, im subscribing now
Welcome to the family!
Facebook doesn't have a dividend...
Yes, will defined correct that. That’s how many owners do it. Like Bill Gates.
Facebook only payed out dividends to class C investors
Correct. But you've seen the article where it disclosed what Zuckerberg spends on security. Same for EVERYTHING else he has/does at the moment. Facebook owns it all, and since he owns facebook....
Not ""...with Jason Capital and I here." It's "...with Jason Capital and me here."
Thank you for catching that. We fixed the error.
Appreciate you pointing it out. 👍
When I hear self employed I think of someone who sometimes has money and sometimes don't. That's scary.
I would rather be a steady employee and be investor.
That’s good too!
Thank you sir for this video but I have request. Please explain what does it mean by share market ? what is Entrepreneurship ? what are Bonds? PLEASE explain in DEPTH ..…………. request you.....
Someone who is on welfare or grants, what quadrant is he/she in ?
Not sure. Do they have an income from a job?
The Better Men Project Nope only rely on the tax payers money (government grants). That's government's way of trying to help the unemployed, however can lead to side effects like mass immigrations etc
Sometimes i think they live a better life. Im always at work. There always at home. In that aspect there rich. They have more time then me. Uncle sam = American Gangster or OG
By the definition here they would fall under the E quadrant. Benefits, etc given by the government. Though some do side jobs(Legal or not) whether they report to the government or not, but vast majority would be E. (Having been on Welfare, it's no cake walk if your not abusing it (The abuse of it is a completely different topic). Not there now though, currently I am in the ESI. Yes you can do that! :) )
They are in the quadrant of the investor. If their skill set or physical abilities are to low to make money off of their labor they are cast aside leaving those that can labor to pay to sustain their needs (society). Since the investor pays less in taxes the burden falls on the working class. Through a great PR system the investor who produces nothing and takes as much as they can, convince the working class that the poor are responsible for stagnant economic growth. Meanwhile the investment class has seen the largest increase in wealth since the economic collapse. Imagine that, product prices remained the same or increased, wages went down, small investors including retirement funds lost and the top investors made more. See a pattern?
People don't want to see that what they are aspiring to be are big piles of steaming $hit and the poor they are led to despise are what the rich consumed to become what they are.
At around 5:17 ... what is that definition of a corporation ... ?
"By owning a corporation, which by the way is just a _____ with some legal documents in it ... "
What is that missing word that I could not hear ?
Thank you very much for this excellent video about the essence of making money.