HOW TO CONVERT A LIABILITY INTO AN ASSET - ROBERT KIYOSAKI, Rich Dad Poor Dad

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  • Опубликовано: 22 дек 2024
  • Assets and liabilities serve as the central focus of this episode of Millennial Money featuring Robert Kiyosaki. Robert dismantles a pervasive misconception-that your house is an asset. This idea is debunked to underscore the importance of understanding the true nature of assets and liabilities in one's financial journey.
    Robert goes on to propose that people themselves can be assets or liabilities. The discussion extends to the financial responsibilities associated with caring for family members. This aspect brings forth the idea that while family can be a source of emotional support, they can also be financial obligations.
    Examples of human liabilities, with a focus on financial commitments such as alimony and child support. This serves as a stark reminder of the financial responsibilities that individuals may have to shoulder in various life situations.
    This episode not only clarifies the distinction between assets and liabilities but also underscores the importance of financial literacy, cash flow management, and the multifaceted nature of financial responsibilities in the context of family and personal finance.
    #robertkiyosaki #richdadpoordad #millennialmoney
    www.richdad.com
    Facebook: @RobertKiyosaki
    / robertkiyosaki
    Twitter: @TheRealKiyosaki
    / therealkiyosaki
    Instagram: @TheRealKiyosaki
    / therealkiyosaki

Комментарии • 7 тыс.

  • @ericchavez837
    @ericchavez837 6 лет назад +186

    I changed my life when my cousin told me about Robert. (April 21, 2017). Worked at a manufacturing warehouse for 6 years, climbed the corporate ladder, making 70K a year, broke a** h**, mentally stressed every day, hated my job and the list goes on. This year I quit my job, got a new high paying job (120k), am currently investing in financial, investing and real estate education. Have full control of my financials and living a better life then ever. No longer live paycheck the paycheck. Although my income is earned income "JOB", I now have financial control! I have listened to all of your books. Going to listen to them all over again and apply them every day going forward. One step at a time. Robert, you have changed my life! You are my rich dad! Thanks for sharing your stories!

    • @Mrramennoodle2
      @Mrramennoodle2 5 лет назад

      Eric Chavez can you teach me how to do this

    • @BenHall289
      @BenHall289 5 лет назад +2

      @@Mrramennoodle2 I'll do it all for you for free. You just sit back and relax

    • @jstoli996c4s
      @jstoli996c4s 5 лет назад +2

      Well done! Now live well under your means, watch your expenses ruthlessly, and put the extra cash into assets. You’ll be on your way!

    • @mgsa5722
      @mgsa5722 5 лет назад +1

      U r a Liar. a Paid Liar

    • @vonsevilla4426
      @vonsevilla4426 5 лет назад

      KC keywords he said were real estate, investing and financial education. Whats his 120k income? He’s probably a real estate investor

  • @eljuancho2
    @eljuancho2 6 лет назад +182

    Thank you very much! you are the best robert! im 28 years old income 25k gross a year,living in brooklyn,i have 14 years paying rent and working minimum wage,because i did not know what i wanted,i did not had a mentor,i bought your book,the first book i have read,and now i bought your books and james rockards books,also think and grow rich,the warran buffet way book,you opened my eyes robert,now im looking for a better job,breking my mind to do my own business,is just fantastic what you have taught me,i still can't believe how i feel,thank you!

    • @gmccambry5963
      @gmccambry5963 6 лет назад +3

      eljuancho2 welcome brother

    • @allentrost8464
      @allentrost8464 6 лет назад +1

      eljuancho2 I can help you create a monthly income . Contact me . Let's work together for a better life for you

    • @eljuancho2
      @eljuancho2 6 лет назад

      GmC CAMBRY how we get in contact? My email is reggeajuan@yahoo.com

    • @bbb_888
      @bbb_888 6 лет назад +2

      There's a guy named John Shin who made a movie based on the book Think & Grow Rich!!!! Watch it if you get the chance =)

    • @allentrost8464
      @allentrost8464 6 лет назад

      bbb888 is it any good to watch??

  • @Morninglux
    @Morninglux 5 лет назад +4031

    The people who came and watched this ARE NOT AVERAGE PEOPLE, They’re gaining assets by watching this.

  • @robertthurmond8161
    @robertthurmond8161 Год назад +129

    Fortunately, I had a college economics teacher that taught me a lesson at 18. That lesson was: for every huge, frivoluos purchase you make, you need to have an investment double it's worth, this doesn't necessarily mean you should always invest when you make a purchase, it simply means living within your means. Varied sources of income is wise and especially like i said, living within your means. Whenever you're about to make a huge, dumb purchase that doesn't add value think about taxes and how you get your income. I made $272k combined net last year and paid no Federal taxes.

    • @donaldlocher2537
      @donaldlocher2537 Год назад +3

      Right there with you. I'm retiring early, no debt. Kids are taken care of. Building my dream home on 11 acres, looking over the river valley. there are loads of ways to make a killing right now, but such high-volume near impeccable trades can only be carried out by real-time experts.

    • @serenewhopperman2924
      @serenewhopperman2924 Год назад

      @@donaldlocher2537 Inflation is over 10% here in the UK, but as we know it's definitely way more than the Government would like to admit. My plan is to earn more passive income and ride this out, can your Investment-adviser assist?

    • @donaldlocher2537
      @donaldlocher2537 Год назад

      @serenewhopperman2924 Sure, the Investment advisor that guides me is “James Fletcher Brennan” and he's renowned and has quite a following. So it shouldn't be a hassle finding him. Just look him up.

    • @robinsonbaker1963
      @robinsonbaker1963 Год назад

      @@donaldlocher2537 There are a lot of strategies to make tongue-wetting profit especially in this down market, but such sophisticated trades can only be carried out by proper market experts...

    • @stephmeldrich6765
      @stephmeldrich6765 Год назад

      @@donaldlocher2537 he really seems to know his stuff. I found his website, read through his resume, educational background, qualifications and it was really impressive. he is a fiduciary who will act in my best interest. So, I booked a session with him

  • @sandeeparambam6401
    @sandeeparambam6401 4 года назад +1290

    This 14 minutes video has taught me the biggest life lesson that almost 15 years of education hasn't taught.

    • @Yesux
      @Yesux 4 года назад +16

      Went to a classroom for fiance and business and all it thought me that school is bullshit and makes you a money slave " make money work and spend your money wisely" not how to invest real estate

    • @Yesux
      @Yesux 4 года назад

      And by the time I'm 65 am broke

    • @jcee6886
      @jcee6886 4 года назад +3

      @@Yesux fiance and business? Not a good mix I'd wager.

    • @JohnDoe-fs6lz
      @JohnDoe-fs6lz 3 года назад

      Fact

    • @chrisbuckley5292
      @chrisbuckley5292 3 года назад +4

      Whats that? Never wipe back to front?

  • @Helen-fv9xp
    @Helen-fv9xp 2 месяца назад +280

    I wish they taught investing at school level. There is so much advantage to doing this!
    My biggest regret is that I started so late. And still not good at it, I think at this point i need help

    • @GabreilSteve
      @GabreilSteve 2 месяца назад +4

      I wish I could have retired in my 50's. I'm 65 now, I started investing late . After some research, I found a strategy that helped. I'm pleased to say I'm retiring with at least $2 million.

    • @GabreilSteve
      @GabreilSteve 2 месяца назад

      @@Helen-fv9xp luck plays a part, especially in the short term. I noticed that when results remain consistent, it indicates something more than just luck. research was the challenge until It led to Julie Ann Lerch, a fund manager. her strategy made sense, it contributed to growing 950k into this and counting

    • @GabreilSteve
      @GabreilSteve 2 месяца назад

      @@Helen-fv9xp luck plays a part, especially in the short term. I noticed that when results remain consistent, it indicates something more than just luck. research was the challenge until It led to Julie Ann Lerch, a fund manager. her strategy made sense, it contributed to growing 950k into this and counting

    • @GabreilSteve
      @GabreilSteve 2 месяца назад

      ​@@Helen-fv9xp I usually avoid making specific recommendations because everyone's situation is unique. However, my experience with Julie Ann Lerch has been quite positive. You might find it worthwhile to see if her approach fits your needs

    • @EbrahamAljalil
      @EbrahamAljalil 2 месяца назад +1

      @@GabreilSteve It’s worth noting that luck often plays the significant role in some cases, sometimes even more than the resources involved. Without it, its challenging

  • @a.b.3666
    @a.b.3666 5 лет назад +2688

    Your children might be your liabilty at first, but when you grow old, they become your assets and you become their liability.

    • @linajiff647
      @linajiff647 5 лет назад +125

      that's nothing to be proud of, it's shameful

    • @linajiff647
      @linajiff647 5 лет назад +90

      people shouldn't be assets, you're a user

    • @switchjim
      @switchjim 5 лет назад +56

      You can tell yourself that, and maybe it will be true for you, years from now, but I think the implication of this video is that the safer bet is to rent out your children today, so that they become an asset in your life.

    • @seanrivaille6944
      @seanrivaille6944 5 лет назад +46

      people need to get off the edge of their seats and realize this is a joke with a dark humor.

    • @craigstephenson7676
      @craigstephenson7676 5 лет назад +13

      That's what I call *Long-Time Investing*

  • @yvngbsumayt
    @yvngbsumayt Год назад +19

    A house is a liability when you living in it, and a house is an asset when you are using it to make money like renting it out for cash flow in - Thank you Mr Robert for sharing this important knowledge

    • @bsrinivas2030
      @bsrinivas2030 11 месяцев назад +1

      Then where are you living, I mean where we live is either rented or owned.

    • @waseemahmed6585
      @waseemahmed6585 8 месяцев назад

      ​@@bsrinivas2030😂😂😂😂 true

    • @MUHAMMADUSMAN-601
      @MUHAMMADUSMAN-601 2 месяца назад

      I have a house what I do 😁

  • @CV-nn7jj
    @CV-nn7jj 3 года назад +135

    My favorite part in Rich Dad poor dad was when Rob wanted to buy a Porsche and Kim told him to buy a rental property to pay for the Porsche. The point is that you keep the House AND the Porsche. If you straight up buy the Porsche, you don't get the house.
    A friend of mine recently received an inheritance from her mother, a house that is completely paid off in Arizona worth around $300k. She sold the house and bought a car. What did she do wrong?
    She could have kept both the house AND the car had she just rented out the house. Now she lost the house and only has the car and she's still broke.

    • @afrosamuri05
      @afrosamuri05 2 года назад

      Not only still broke she is still stupid my guess.

    • @queeniechan3775
      @queeniechan3775 Год назад +5

      Well illustrated !

    • @imadeyoureadthis1500
      @imadeyoureadthis1500 Год назад +6

      Wow what a fool

    • @No_One1_Special
      @No_One1_Special 11 месяцев назад +2

      I always appreciate someone bringing a different angle in their explanations of Robert's principles. Yours are good ones.

  • @andrewbaccola5188
    @andrewbaccola5188 6 лет назад +1605

    I'm going to tell my wife tonight that we are going to rent the house and the hole family live under the bridge. I like the cash flow idea.

    • @bishop198666
      @bishop198666 6 лет назад +263

      you can come rent my place, no need to stay under the bridge...

    • @nemeanlioness
      @nemeanlioness 6 лет назад +34

      Good plan. Me like

    • @gabriela0518
      @gabriela0518 6 лет назад +49

      LMAAOO

    • @acmx12
      @acmx12 6 лет назад +24

      Maybe cause I watch too much areested development, but is your last name Hole? Either way i laughed too hard if it wasnt lol

    • @94nolo
      @94nolo 6 лет назад +3

      Atta boy Andrew

  • @dzmissile189
    @dzmissile189 11 месяцев назад +14

    Thank Robert, Im currently reading your book rich dad poor dad, and I really appreciate what I’m learning, I just wished I learned this much earlier on in my teens at least, I’m currently 34, married and currently unemployed because of a layoff … I’m currently watching all your videos and working on to buy all your books… I don’t want to work for anyone but instead work for my family instead, God willing I can meet you someday… thank you again Master Robert

    • @ProcopyObinna
      @ProcopyObinna Месяц назад

      How's it going now man 😊. I hope everything is moving smoothly

  • @helloabs2134
    @helloabs2134 Год назад +4

    This is the best video of this guy that is comprehensive and good to watch, not to talk about the melodramatic videos he presently appears in.

  • @mikebabs3408
    @mikebabs3408 7 месяцев назад +25

    Only in America do kids and older adults become liabilities. I grew up in a family of 10. We moved to the states and were below poverty for a while. Some of us run businesses and all of us have moved out of lower class into middle. The idea that children or parents are liability is sickening. We stick together and the thought of putting someone in a nursing home is non-existent in our culture.

    • @lwynkwaardt
      @lwynkwaardt 12 дней назад

      Crazy business

    • @grobsh
      @grobsh 3 дня назад

      Not only in America, it's all over the world

    • @SamuelKObo-re9sf
      @SamuelKObo-re9sf 16 часов назад

      You moved to the state and got something better doing so he's wrong right?. Come back home and join the hustlers who spend over 13 hours on a single work ang get paid like $50 a month, and see if having bigger family is an asset or liability. We easily disregard the import of a simple statement, and makes them feel they know nothing at all. Can you sustain your family for over a year should any of the need serious medical attention. In as much us human being is priceless, keeping larger family is a ticket almost to poverty 😮

  • @TrịnhTrânChăm
    @TrịnhTrânChăm 4 месяца назад +570

    Secret Pathway To Triumph is so unique. I can’t believe I hadn’t heard about it sooner. It’s amazing how life-changing this can be.

  • @festusshedrack4852
    @festusshedrack4852 2 года назад +393

    The rich stays rich by spending like the poor and investing without stopping then the poor stays poor by spending like the rich yet not investing like the rich

    • @Faraday096
      @Faraday096 2 года назад +9

      When it comes to the world of investing, most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance

    • @whatyousay5736
      @whatyousay5736 2 года назад +8

      wow I am just shocked someone mentioned expert Mrs Maureen I thought I'm the only one trading with her

    • @workinginpain
      @workinginpain 2 года назад +7

      when you invest with genius woman like Mrs Maureen you don't have any other choice then to keep winning, her Trading strategies are very productive and reliable. I made quite a huge profit last week all thanks to her

    • @newraod
      @newraod 2 года назад +7

      yes I'm also a living testimony of expert Mrs Maureen
      Mrs Maureen has changed my financial status for the best. All thanks to my aunty who introduced her to me

    • @babarozay
      @babarozay 2 года назад +6

      will forever be indebted to you😇 you have changed my whole life i will continue to preach about your name for the world to her you have saved me from a huge financial debt with just little investment thanks so much Mrs Maureen

  • @vladimirgazizov6473
    @vladimirgazizov6473 Год назад +54

    Deymon spend hours each day to ensure that something of value is released into the world that has impact on those with an interest and desire to be a part of this platform.

    • @phillipjohn2820
      @phillipjohn2820 Год назад +7

      this is fascinating, I'm a business man, I have a good sum of money in my savings account, I want to invest 50%. What's the minimum amount one could start up with?

    • @haroldroger1624
      @haroldroger1624 Год назад +5

      YES!!!! I never believed in real brokers but Mr Sam changed my mindset.

    • @lyubovmatyushkina2713
      @lyubovmatyushkina2713 Год назад +5

      There are three (3) classes of investors which Mr Sam Deymon manage their investment portfolios, each stages with their different prices and profits as well.

    • @lalasgift7487
      @lalasgift7487 Год назад +4

      @@phillipjohn2820 As an amateur trader trading under the guidance of pro trader Mr Sam Deymon, who provided me with the knowledge and strategies I required to make profits for the crypto market.

    • @realtime6577
      @realtime6577 Год назад +1

      @@haroldroger1624 Sam Deymon made over $12k with my $2k start up capital.

  • @UltimateBargains
    @UltimateBargains 5 лет назад +589

    This video doesn't explain how to turn a liability into an asset.
    Once you have the liability, then you're stuck with it until you can dispose of it.
    At best, the video explains that liabilities should be acquired *only* by first acquiring assets to pay for liabilities.

    • @santoyo526
      @santoyo526 5 лет назад +25

      UltimateBargains yes you’re right. I also don’t understand how his rental puts $25 in his pocket.

    • @UltimateBargains
      @UltimateBargains 5 лет назад +63

      @@santoyo526 The rental income paid for the operating expenses and debt service, with $25 left over for his net cash flow each month.
      This was decades ago when rents were much lower compared to now.
      The point of his example is to run the numbers before committing to the deal to be sure that you will have sufficient net income to tolerate recessionary pressure on income and expenses to avoid defaulting on the debt.

    • @a.stewart2641
      @a.stewart2641 5 лет назад +52

      @@UltimateBargains yes, and don't forget, you need tenants that will actually pay their rent and not destroy the property.

    • @UltimateBargains
      @UltimateBargains 5 лет назад +80

      @@a.stewart2641 The more risk averse you are, the less income you will receive.
      Life is all about managing risk, not hiding from it.

    • @droid2645
      @droid2645 5 лет назад +4

      BINGO

  • @khandushinde8592
    @khandushinde8592 4 года назад +351

    I am 13 and want to learn about being an entrepreneur. Without Mr.Kiyosaki I would be watching stupid videos. I Love This guy

    • @sonamtshering3570
      @sonamtshering3570 4 года назад +35

      Kid...you're wasting your teenage years.
      Time and moments are more precious than assets and liabilities.
      Go home and enjoy playing bike cycle and fights with friends only to be friend again next days

    • @awol7740
      @awol7740 4 года назад +69

      I think it's awesome what you're doing, kid. Don't listen to the haters.

    • @user-kp1ry3so2s
      @user-kp1ry3so2s 3 года назад +51

      @@sonamtshering3570 some what true. He should definitely not skip parties, hanging out with friends, hanging out with girls, or family. But he should also fill his mind with beneficial information that no other 13 yr old is learning.

    • @Coconutsybi
      @Coconutsybi 3 года назад +10

      So happy for you😀
      Keep upgrading your financial education
      since teens of your age aren’t interested in these stuffs rather they are busy flexing unrealistic things 🤷🏼‍♀️

    • @umerasad
      @umerasad 3 года назад +12

      @@user-kp1ry3so2s hanging out with girls? Lol I'm 16 and I don't wanna waste time with my friends or girls on useless stuff

  • @ballistic2513
    @ballistic2513 4 года назад +2018

    He: Your child is your liability.
    Me: *Sells my kid*

  • @irenekorie49
    @irenekorie49 Год назад +46

    *Considering the economic downfall and the rise in poverty across the globe. I ask; What’s the best way to achieve financial freedom?*

    • @irenekorie49
      @irenekorie49 Год назад +2

      If I could ask; who’s your financial Adviser and how do I gain more info?

    • @tomasfrederico576
      @tomasfrederico576 Год назад +1

      It's hard to trust someone with money or get a financial advisor who can help you plan, invest, and manage your investments for the best results. Working with Donald Nathan Scott, I realized that good people do exist.

    • @Ahmedabdullahimohamud788
      @Ahmedabdullahimohamud788 Год назад

      Learning and investment financial markets

    • @Pau0393
      @Pau0393 Год назад +1

      Invest

    • @zackfxtrader9084
      @zackfxtrader9084 Год назад

      To know the difference between Asset and liability ❤

  • @Walkwithme8341
    @Walkwithme8341 5 лет назад +663

    Watching videos after videos and not taking steps is a liability

    • @renaltatarigan9336
      @renaltatarigan9336 4 года назад +32

      wow, I really hate myself for that

    • @arshvirsingh7284
      @arshvirsingh7284 4 года назад

      🔥🔥🔥🔥🔥🤣🤣🤣🤣🤣🤣

    • @countryballs2005
      @countryballs2005 4 года назад +13

      @@Shimadacat invest in yourself, that's an investment aswell

    • @ceasersamv4587
      @ceasersamv4587 4 года назад +3

      @@countryballs2005 preach, that's what im doing right now

    • @valueunboxed
      @valueunboxed 4 года назад

      That's a great line! By the way check out his Rich Dad Poor Dad summary version here to help you understand it ruclips.net/video/vgUzeuPjbiw/видео.html

  • @RetroRelicReloaded
    @RetroRelicReloaded 2 года назад +56

    Our school system is a joke and a disgrace.
    This should be taught in every school.
    This man is a hero for putting these lessons online.

    • @Kleinycast
      @Kleinycast 2 года назад

      He's like Thanos

    • @paulm4413
      @paulm4413 2 года назад +3

      You must be ignorant. Money isnt the only passion or game the world is interested in. He might be giving great insights on financial literacy but he is just the same as a priest teaching something that might be a passion of other people (spiritual). Or a professor or educator providing something for the benefit of society. Or maybe somebody passionate about helping sick people. So dont be delusional thinking that the financial game is the highest peak of education everybody should get because it will only create a greedy society.

    • @deckardp.i.4088
      @deckardp.i.4088 2 года назад

      Why would schools do that? They want you dumb and obedient, so you can work all your life and generate their income.

    • @Bruh8971
      @Bruh8971 2 года назад +1

      nope, if such type of financial literacy is taught in the school then the world is gona become even harder than it is today. No one can be rich if everyone is rich, it will just raise the standard of costs. Now people are living their life in the form of a rat race and a new concept of cash flow exploits that. If everyone understands how to utilize cash flow, we will need a new concept to beat it and escape from the norms. So just be glad that u are one of the people that have seen the video, and try to make the most out of it because other people did not have such opportunity .

    • @Bruh8971
      @Bruh8971 2 года назад +1

      dont be stupid and destroy such opportunity, make ourselves rich first before such concept cant be utilized anymore.

  • @AJBey-qo2rx
    @AJBey-qo2rx 5 лет назад +1118

    “A criminals best asset is his lie-ability.”

    • @danielsonnecklacedon659
      @danielsonnecklacedon659 5 лет назад +29

      HAHAA!
      -goose from family guy

    • @jr3684
      @jr3684 5 лет назад +5

      😂😂😂

    • @pramit7745
      @pramit7745 5 лет назад +4

      Poor guy,😣

    • @mikem.5104
      @mikem.5104 5 лет назад +1

      Damn thats gold doggie

    • @AJBey-qo2rx
      @AJBey-qo2rx 5 лет назад +1

      Mike M. More I was thinking more along the lines of palladium...

  • @lyubovmatyushkina2713
    @lyubovmatyushkina2713 Год назад +41

    This is really helpful for my situation!! thanks guys I will try Sam but Do you know how much is ok for a start let me know if I can do this.

  • @mkc0321
    @mkc0321 6 лет назад +402

    if only i read your 'The Rich Dad Poor Dad' book 10 years ago I would have not been in this rat race now..better late than never , i learned so much from you, hope I can get out of the rat race soon, u r doing a great job, thanks

    • @allentrost8464
      @allentrost8464 6 лет назад +3

      Murlikrishna Chippa I can help you out of the rat race. Contact me

    • @tazminkhan533
      @tazminkhan533 6 лет назад +2

      Murlikrishna Chippa let’s connect my instagram is Tazmin.khan

    • @HANG_IN_THERE_BABY2024
      @HANG_IN_THERE_BABY2024 6 лет назад

      Hello a little help here.....don’t like the rat race at all

    • @HANG_IN_THERE_BABY2024
      @HANG_IN_THERE_BABY2024 6 лет назад

      Allen Trost what do you do for a living? Please advise

    • @HANG_IN_THERE_BABY2024
      @HANG_IN_THERE_BABY2024 6 лет назад

      Tazmin Khan what do you do for a living? Please advise

  • @RamblingRamul
    @RamblingRamul 6 лет назад +128

    So basically in a perfect world we all own properties and we all rent from eachother :)

    • @LordHollow
      @LordHollow 5 лет назад +24

      Not everyone is gonna want or even think to do this. There are plenty of people set on being renters and employees their entire life.

    • @simo7393
      @simo7393 5 лет назад +5

      @@LordHollow so he basically advocates preying on the poor people who don't have the financial skills...it is interesting as a concept to follow when these very same people will start shooting the richer ones on the streets

    • @marstotalchaos4735
      @marstotalchaos4735 5 лет назад +18

      @@simo7393 I think he is saying that the information on how to do this is available but we all know that not everyone will do it. It's like smoking. Every knows its harmful but some still smoke. They even know it causes cancer before the try it but still, they do it.

    • @mrchubner
      @mrchubner 5 лет назад +15

      One of the Rockefellers is quoted as saying, “Own nothing; Control everything.”

    • @frederickswann5638
      @frederickswann5638 5 лет назад

      HAHAHA AH A HHA AHAHAHAH AHA HA HAHAHAH OH MAN

  • @bishop198666
    @bishop198666 6 лет назад +271

    30yr old here...going to buy my second house to rent it out this year..im on my way to multi income cash flow

    • @bishop198666
      @bishop198666 6 лет назад +26

      Mexi Short considering i wrote that post a month ago im still learning and educating myself... do you have any positive worth while advice for me? Or did you just want to be a smart ass?

    • @chrisdlc281
      @chrisdlc281 6 лет назад +16

      bishop198666 I'm doing the same thing bro, keep buying house and if you can (A pompstation).
      Learn Forex trading.
      Do network marketing.
      Invest in real estate.

    • @KingsCrossVIP
      @KingsCrossVIP 6 лет назад +5

      Hey you should watch Grant Cardone youtube re buying real estate he is amazing. I highly recommend :)

    • @dipbar1824
      @dipbar1824 6 лет назад

      good job friend!

    • @KevsUploads
      @KevsUploads 6 лет назад

      👌🏽

  • @Cristian_M_
    @Cristian_M_ Год назад +20

    Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future… I pray that anyone who is reading this will be successful in his or her life!!!

    • @alinamikelle8688
      @alinamikelle8688 Год назад

      Wow, really. I was able to make my $25k on investment

    • @ademusiaka7198
      @ademusiaka7198 Год назад

      ​@johnmark5119I’m looking for something I can venture into on a short term basis, I have $15k sitting in my savings

    • @ramadhanipongela1360
      @ramadhanipongela1360 Год назад

      Assets that can make you rich
      *FX
      *Btcoin
      *Stocks
      *Gold
      *Real estate

    • @aprilclaudette2057
      @aprilclaudette2057 Год назад

      You’re right but a lot of people remain poor due to ignorance

    • @hamidu_-
      @hamidu_- Год назад

      Not because of ignorance, it’s because of the high rate of unprofessionalism in the cypto market

  • @yashgera8g616
    @yashgera8g616 3 года назад +178

    "Assets puts money into your pocket and liabilities take money out of your pocket" what an amazing thing to learn from these lines😀😊

    • @deannahenry8925
      @deannahenry8925 3 года назад +3

      This is in his book

    • @islandsfuldkorn
      @islandsfuldkorn 2 года назад

      That is not really true though. Assets can take money of you.

    • @mattcrouch9348
      @mattcrouch9348 2 года назад +1

      Amazing and false. Assets put money in your pocket when you transfer them to someone else.
      Liabilities require that you PAY money in order to not have them anymore.
      Houses are asssets.

  • @GrammyHanks
    @GrammyHanks 11 месяцев назад +236

    The question is how to convert your salary into the investment funnel without double taxation. you pay taxes once it's earned, then buy stocks and get taxed again once you sell. Want to invest over 300k on the stock market, how do I achieve this?

    • @empressjane-zv4gq
      @empressjane-zv4gq 11 месяцев назад +6

      If you're not who understands strategies to invest, just invest through an advisor, making good profits, avoiding taxes.

    • @RosesKate-dl9fp
      @RosesKate-dl9fp 11 месяцев назад +2

      Having an investment adv-iser is the best way to go about the stock market right now, I've been in touch with a coach for awhile now mostly and I made over $800K within a year

    • @emilybrown2719
      @emilybrown2719 11 месяцев назад +2

      This is probably what I should do. Who is your advisor, please?

    • @RosesKate-dl9fp
      @RosesKate-dl9fp 11 месяцев назад +3

      Pamela Kay Regel deserves credit as one of the finest portfolio managers in the industry. Her reputation precedes her, and I highly recommend looking her up to locate her online if you are internet-savvy

    • @emilybrown2719
      @emilybrown2719 11 месяцев назад +1

      Thank you for sharing, I must say, Pamela appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call

  • @JaykeTurner
    @JaykeTurner Год назад +175

    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.

    • @ArthurLedgeeer
      @ArthurLedgeeer Год назад +2

      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

    • @RebeccaLee-ks4cq
      @RebeccaLee-ks4cq Год назад +4

      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.

    • @AlexanderTurke
      @AlexanderTurke Год назад +1

      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.

    • @RebeccaBellick
      @RebeccaBellick Год назад +1

      @@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

    • @AlexanderTurke
      @AlexanderTurke Год назад +1

      @@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 therefore my result. he provides entry and exit point for the securities I focus on.

  • @AngelWilliam-vg5rw
    @AngelWilliam-vg5rw 5 месяцев назад +698

    Literally, the currency is being destroyed, depreciated, and debased. Bitcoin is the asset that has performed the best in global history. It is the greatest bargain store by far. You will be appreciative of every dollar you invested in it in ten years. My two cents worth.

    • @EdwardsLluka
      @EdwardsLluka 5 месяцев назад +4

      I regret not investing in Bitcoin sooner and instead keeping money in a HYSA. With $200k to invest now, I want to steer clear of FOMO and peak buying. How should a novice approach navigating the market?

    • @WilliamsDavid23
      @WilliamsDavid23 5 месяцев назад +2

      Indeed, investing has become more challenging, particularly since the epidemic. For this reason, I chose to enlist the help of an advisor. At first, my spouse wasn't too like of the idea, but guess what? They're now closest friends with our advisor.

    • @EdwardsLluka
      @EdwardsLluka 5 месяцев назад +1

      Hello, I'm curious to give this a try. Please who is your advisor and how do I get in touch?

    • @WilliamsDavid23
      @WilliamsDavid23 5 месяцев назад +1

      I've stuck with ‘’Melissa Jean Talingdan” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

    • @EdwardsLluka
      @EdwardsLluka 5 месяцев назад

      I must say, Melissa seems to be extremely knowledgeable, so thank you for sharing. I looked through her resume after seeing her website, and it was rather remarkable. I got in touch and made a call.

  • @2343214234
    @2343214234 Год назад +5

    Such a Gem of a video. I think one thing Robert didn’t make clear is that liability’s are not bad always SO long as you have the cash flow to have them. If you focus on having more assets then liability’s you are off to a great start. Having a kid, taking care of your loved ones is great so long as you have the cash flow to do so. If the house you want to live in is 3 grand Morgage that’s great, so long as you have the assets to provide the cash flow to do it.

    • @ProudTurkroach
      @ProudTurkroach 8 месяцев назад

      Debt doesn't cause a problem untill you have money to pay the next installment
      - US federal reserve

  • @JuanAlberteas
    @JuanAlberteas 7 месяцев назад +10464

    Bought AMS89H at 1$, I will keep it until 2025 when it reach 250$

    • @NekiKujur
      @NekiKujur 7 месяцев назад +3

      AMS89H IS HUGEEEE!!!! 😎

    • @dktravel2580
      @dktravel2580 7 месяцев назад +3

      When the world knows this, we already x50 🚀

    • @ruchitarangam3351
      @ruchitarangam3351 7 месяцев назад +5

      It will soon all over the news

    • @Rahulgagdia
      @Rahulgagdia 7 месяцев назад +1

      It will soon all over the news

    • @SoniyaYadav-lm5jh
      @SoniyaYadav-lm5jh 7 месяцев назад

      all of my friends told me to buy this, I did know it was from AMAZON

  • @anshuljain2402
    @anshuljain2402 5 лет назад +24

    Hello Robert, I have just started following you and hope I could learn most of what you are providing. Don't know how this knowledge will fit the Indian market and liabilities. But definitely, I would be following you to expand my IT business.
    So I have learned from this video ---dividing whatever I have into 6 parts and they are: income, expenses, assets, liabilities and CASH FLOW.
    Thanks for this knowledge.

    • @bergomymarcelin4218
      @bergomymarcelin4218 4 года назад

      Anshul Jain hi girl, I want to learn in yr hand about the business.pls

    • @billolsen4360
      @billolsen4360 2 года назад

      You're a phony person set up by Kiyosaki, that's all you are.

  • @darrenwoolley5094
    @darrenwoolley5094 Год назад +2

    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 (pharmaceuticals and cannabis), crypto (yes, crypto!) and sp500 investments.

  • @kyoung5600
    @kyoung5600 6 лет назад +448

    Too many gold diggers out there, beware, that's a lot of hard earned money wasted for nothing.

    • @tcycewdaf32
      @tcycewdaf32 6 лет назад +16

      gold diggers are not even in the chart of 6 magic words. once you have a gold digger, yourself become an income.

    • @antoinecooper5702
      @antoinecooper5702 5 лет назад

      Love freedom gtfoh.

    • @NicoleQuimper
      @NicoleQuimper 5 лет назад +2

      IF they lasted 20 years together does that still make them a gold digger, or just a failed marriage?

    • @drjwilber
      @drjwilber 5 лет назад

      yeah got scammed by gold diggers that in Romania - only trained at judo - here at least one of those had trained .
      I innovate - romania airport will ant to be obliged to install - thusadded payment of £1,million as a prepaymant with up-front payment for the kit - then government wants that money back from ................ liability to ass-set

    • @quantumofzen4442
      @quantumofzen4442 5 лет назад

      @Class Act What do you call a younger woman trying to steal your sugar daddy? A claim jumper.

  • @JackMasonLive
    @JackMasonLive 6 лет назад +104

    $18k a month for old folks?? a 5 star hotel is cheaper!!! What do they offer at this old folks home, a Rod Stewart show every month??

    • @kevincampos3797
      @kevincampos3797 5 лет назад +7

      Lmao

    • @this_mfr
      @this_mfr 5 лет назад +17

      Many of those homes provide healthcare as well. In house doctors and nurses...etc. Plus physical therapists. Depending on the health issues the parents have (cancer, diabetes, etc.) 18k is very possible if all care is provided at the center.

    • @cody1212143
      @cody1212143 5 лет назад

      Haha Is probably his in laws and parents he has to pay for. Probably 500 a month for cheaper places.

    • @jayjayita7649
      @jayjayita7649 5 лет назад +5

      I'm so blessed to live in Italy, where old people can be cared 24/7 in excellent retirement homes for about 2000-2500€ 😀

    • @tysontime2515
      @tysontime2515 5 лет назад +3

      Maybe invest in an old folks home!!

  • @shaileshmalushte1999
    @shaileshmalushte1999 Год назад +14

    Financial Literacy just made simpler. The backbone of getting rich is maintaining cash flow. Thank you Sir.

  • @realmckkadesh8060
    @realmckkadesh8060 Год назад +31

    Greatest business mentor ever to me he is soo underrated get it going grandpa👌👌

  • @milaoleynik5860
    @milaoleynik5860 5 лет назад +269

    Life is a game, cash flow is the name 😄

    • @subscribetomyyoutubechanne1543
      @subscribetomyyoutubechanne1543 4 года назад +3

      😂😂😂

    • @igganrajkolii9453
      @igganrajkolii9453 4 года назад +1

      So life is cash flow

    • @beautifulforever503
      @beautifulforever503 4 года назад +1

      Nice

    • @vanessawatson6204
      @vanessawatson6204 4 года назад

      Since I started investing it has been smooth and no complain. But I still see people complaining that they have been scammed in one way or the other. I wonder why, Investing in binary trading has been so profitable to me. So I think I should introduce my Manager Mr martins l to you if you're interested. He has being a honest manager all through and I am still investing with him till today. Invest with the right manager and there will be no more scam, i promise you that.
      You can contact him on this (mratinswilliam@gmail.com)
      you can earn up to $8000 in daily from home through investment in forex and Binary option trade

    • @vcostco
      @vcostco 3 года назад

      Money isn't value, it's a promisary note, a representation of value (it says it on the back lol ). Real value comes from a scarcity of resources b... Supply n da land... Lol water toooo now ✅😊🙏

  • @adarshfaridkhan3361
    @adarshfaridkhan3361 5 лет назад +30

    In his book Rich Dad Poor Dad. He wrote about his rich Dad that " I m rich because I've you, kids...
    Poor dad said I m poor because I've you. kids. So it's about your mentality how you see your kids assets or liability. Now I like his rich dad personality but here I disagree with Robert on having a family as liability. Money is good thing but it's not everything. There is a lot of things money can't buy and you all already knew it.

    • @kenonocturn
      @kenonocturn 5 лет назад +6

      Money isn’t everything yes, but that had nothing to do with his point. He was simply stating what makes money to go out of your pocket versus what makes cash flow in, that’s it.

    • @novalispentamuse4444
      @novalispentamuse4444 4 года назад

      It is everything . Money control your mentality -mentality control your mind -mind control your steps -steps adn decision control your life. So if y use mathematic standard if a+b=c and c=d + f
      The equation is a+b=d+f
      A for steps b for iq = c for money . Money for=life+mentality
      Than learn to make money also make you to learn about your self. Money is mentality control.

    • @xic777
      @xic777 4 года назад

      if you don't invest into your kids they become a liability or even worse burn down your house or kill you

    • @novalispentamuse4444
      @novalispentamuse4444 4 года назад

      @@xic777 if you couldn't . But if you could? Money control the mindset of physics mental,Controable mindset and itself. When you talk about social capital. Money can be draw as the fifth elements of fire . winds . earth . water.
      And the fifth/money control about this four archirstic of emotion. Its about anger , love , passion , and patient . It can be drawn as Pro-scorates philosophiant or arsitotelian . It draw how mentality work on you . Worst or not is how you control it . How you see it . And how you respon on it . Worst is relative . Worst if you change your children path from poor to poor , not from poor to rich.

    • @xic777
      @xic777 4 года назад

      @@novalispentamuse4444 as a parent its your soul purpose to invest in your kids if not whats the point of your existence, you don't need money to invest in your kids, you can teach them a skill, teach them true valuable skills to give them a head start in life, there's no excuse to not invest in your kids, that's a fools mindset. tbh the world doesn't care about elements knowing bullshit magic philosophy will not make your life better, you have only one life, make good use of it for yourself and your future generations.

  • @michealwrubell4302
    @michealwrubell4302 2 года назад +880

    Everyone has been preaching "buy now, stocks are at a discount" but I've been buying stocks at a discount since the beginning of the year and yet the cycle continues with more losses, I know the idea is to hold long term but God I could really give anything to see some growth happen to my portfolio.

    • @Walter_hill_
      @Walter_hill_ 2 года назад +2

      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.

    • @lipglosskitten2610
      @lipglosskitten2610 2 года назад +8

      Thats true, I've been getting assisted by a coach for almost a year now, I started out with less than $120K and I'm just $19,000 short of half a million in profit.

    • @lipglosskitten2610
      @lipglosskitten2610 2 года назад +1

      @Dan Brooks Big Credits to 'Christine Jane Mcleanshe has a web presence, so you can simply search for, there are some others but it might be difficult to get them, but Christine as been a good guide through the year.

    • @ambrosefegan8283
      @ambrosefegan8283 2 года назад

      I recommend doing call options. But do your research first

    • @ismailfaturrohman1909
      @ismailfaturrohman1909 2 года назад +1

      that's why the main key to investing is "knowing what you buying"

  • @PrashantKumar-hf2je
    @PrashantKumar-hf2je 5 лет назад +77

    You are truly a generous man.
    Nobody teaches financial education. You are doing great work.

  • @thetravelshot
    @thetravelshot 5 лет назад +324

    "I am with my best friend's daughter"
    I have seen that movie before

    • @rimaz1242
      @rimaz1242 5 лет назад +5

      I've seen that movie too lol 😂😂😂

    • @thetravelshot
      @thetravelshot 5 лет назад +12

      I love her nod at the beginning. Makes it even more sexual

    • @marstotalchaos4735
      @marstotalchaos4735 5 лет назад +4

      Not his liability. Smart

    • @jdengsky
      @jdengsky 5 лет назад +2

      Which movie? I need to watch

    • @h.hristov
      @h.hristov 5 лет назад +2

      @@jdengsky How old are you lol

  • @TrueShinobi15
    @TrueShinobi15 Год назад +82

    Being 25 watching this and hearing that you bought ur first property at that age and started to profit from the earning even if we're just a little. Is beyond motivating to me I'm locked in and truly eager to learn more.

    • @PrathamSaini-sd1cr
      @PrathamSaini-sd1cr Год назад +2

      I am listening it at 17

    • @LorenzAugust
      @LorenzAugust Год назад +3

      ​@@PrathamSaini-sd1cr same, preparing for 18

    • @longlifelearner2005
      @longlifelearner2005 Год назад +1

      @@LorenzAugust Samee, wanna make a groul chat about financials?

    • @LorenzAugust
      @LorenzAugust Год назад

      @@longlifelearner2005 you mean group chat about finance? Sure I guess? I just started studying corporate finance, and I started with the book and trying to know all the financial terms to be financially literate.

    • @NikosTsiotras-cs2gd
      @NikosTsiotras-cs2gd Год назад

      ​@@longlifelearner2005Interested Aswell, how about a discord group chat?

  • @anthony94172
    @anthony94172 Год назад +186

    When it comes to the world of investing, most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance.

    • @LiJie-ml5di
      @LiJie-ml5di Год назад

      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

    • @promiseessien730
      @promiseessien730 Год назад

      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

    • @usmanibrahim6296
      @usmanibrahim6296 Год назад

      How can someone know a profesional account manager that is trustworthy and legit, they are hard to find this period

    • @Michael-qk4bd
      @Michael-qk4bd Год назад

      I highly recommend Mr Greg T. Martin fx he is my current trader and his strategies are working

    • @rodiyahyusuff7702
      @rodiyahyusuff7702 Год назад

      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.

  • @karenphilip7006
    @karenphilip7006 2 года назад +41

    Success is about focusing Your energy on
    what creates results and using what you
    already know

    • @jackson4636
      @jackson4636 2 года назад +1

      I pray whoever reads this should
      become successful. keep I for success.
      the rich stay rich by spending like the
      poor and investing why the poor stay
      poor and be spending ike... Read more

    • @donnacarol7483
      @donnacarol7483 2 года назад

      Assets that can make you rich!

    • @laurabeverly9242
      @laurabeverly9242 2 года назад

      But I don't know why people remain
      poor due ignorance

    • @abuyutonyese1239
      @abuyutonyese1239 2 года назад

      It's not ignorance but
      unprofessional broker in the market

    • @kira-dp3fy
      @kira-dp3fy 2 года назад

      People are really making a lot of money
      from it..

  • @dawitabraham404
    @dawitabraham404 4 года назад +299

    Life time lesson with in literally minutes. Thanks Robert.

  • @davidwinner6926
    @davidwinner6926 3 года назад +50

    It's cruel but true:
    Liabilities are children, elderly relatives, girlfriend/wife, broke friends, pets. Legal marriage is the biggest risk for a wealthy man or woman. Robert is just being honest.

    • @derekcasanares4785
      @derekcasanares4785 2 года назад +1

      It's not cruel at all

    • @julienlenfant9075
      @julienlenfant9075 2 года назад +11

      It's fine to say this but you're missing something if the "liabilities" actually make your life worth living. Sure you can sit alone and wealthy in your empty house if you want to and congratulate yourself for the financial optimizing you've achieved.

    • @Mr.Eminem
      @Mr.Eminem 2 года назад +5

      Wife and family is the biggest liability in a man's life

    • @bartz4439
      @bartz4439 2 года назад

      @@julienlenfant9075 don't measure others your scale. Just cuz you like your family or doesnt mean all do. What about guy who was beaten and molested by parents? You like football? Great, I hate it.
      But for sure family is liability

    • @c.8233
      @c.8233 2 года назад +3

      @@bartz4439 he was just using family as a liability. if you think you’re going to go your whole life without liabilities that you enjoy, good luck. If you don’t, you would literally just be making money to spend it on nothing you enjoy.

  • @MagdaleneM-f3q
    @MagdaleneM-f3q Месяц назад +412

    Bring *Julianne Iwersen Niemann* on the show. She changed my life Financially I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Julianne Iwersen Niemann, for her expertise and exposure to different areas of the market.

    • @TianaManeO
      @TianaManeO Месяц назад

      I know this lady you just mentioned. Julianne Iwersen Niemann is a portfolio manager and investment advisor. She gained recognition as an employee of neuberger berman; a renowned investor she is. Julianne Iwersen Niemann has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.

    • @PajinakStanovska
      @PajinakStanovska Месяц назад

      I’ve heard of her
      How can i reach her, if you don't mind me asking?

    • @TianaManeO
      @TianaManeO Месяц назад

      ⁠ her name is 'JULIANNE IWERSEN NIEMANN'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

    • @PajinakStanovska
      @PajinakStanovska Месяц назад

      I appreciate this. After curiously searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get

    • @YadaniL-g8k
      @YadaniL-g8k Месяц назад

      The thing is people often doubt the prospects of financial advisors like Julianne Iwersen Niemann in business/markets today.

  • @rebeccarogan1912
    @rebeccarogan1912 4 года назад +24

    Thank you for putting together this intelligent and easy to understand series. Many blessings to you for this kindness!

  • @damarowwilliams7473
    @damarowwilliams7473 6 лет назад +32

    The way he describes kids cracks me up! lol " two legged liabilities" His perspectives are always intriguing.

  • @thembisilemathibela9758
    @thembisilemathibela9758 Год назад +6

    Mr Robert, thank you.
    For what you do, you are literally doing the most. Thank you for the warm welcome to the rich dad community.❤

  • @mohammadabukhalaf1780
    @mohammadabukhalaf1780 Год назад +3

    a great man i should say, you gave a summary of life in 10 minutes with all the pumps in it

  • @wo1162
    @wo1162 4 года назад +34

    When you are child your parents see you as liability but still they love you, so when your parents grow old they too are liability but love them back ❤👍

  • @frederickswann5638
    @frederickswann5638 5 лет назад +16

    4:45 - ... bought my first house... apartment, investment property... "I didnt live in it, I rented it out"... If only I had heard, believed and acted upon those words when I bought my first property. OUCH Ouch, well, I just had to learn the hard way ey!! Now I am a Student, Thanks Mr. Kiyosaki!!

    • @switchjim
      @switchjim 5 лет назад

      Just being curious, although it is not my business, but I have to wonder ... if you bought your first property and then rented it out, which you did not know to do, thus implying you lived in the first property ... I wonder who it was you would have lived with while renting that "asset", meaning, for whom would you have been a liability while collecting from and maintaining your non personally occupied asset?

    • @mm-hq4qh
      @mm-hq4qh 5 лет назад

      @@switchjim learn how to read

    • @switchjim
      @switchjim 5 лет назад

      @@mm-hq4qh can you be more verbose?

  • @arunenglish3997
    @arunenglish3997 4 года назад +99

    When you get old, you become a liability. But love towards your parents and children are priceless.

  • @Lazarusrizing
    @Lazarusrizing 24 дня назад

    This is probably the most sense that I've heard a finance teacher make. He's talking about real world problems and it sounds like no matter what you do, you're going to inherit liabilities. It makes me realize how the bible tells us not to weary ourselves with getting wealthy. How money "grows wings" and takes flight and now it's gone. Or how "The love of money is the root of all evil..."-- particularly if you see your blood relative as an "asset" or "liability." It's real talk! And it has a place. I'm not saying that being poor is the way to go either. Nor do I believe that God is against wisely stewarding money. But it's of real note that Mr. Kiyosaki is acknowledging that there are very real challenges that enter into someone's life that can deplete the account-- particularly medical bills. It's increased my respect for him.

  • @FreedomForce100
    @FreedomForce100 5 лет назад +112

    Let's face it: Robert's financial IQ is well above average. He also is a great human being for helping others. Robert and his wife Kim are a wealth of education and tips.

    • @la_rooh
      @la_rooh 5 лет назад +1

      FreedomForce100 that’s why his trainings are so damn expensive

    • @stza16
      @stza16 4 года назад +1

      He's great at taking your money. And most of what he says is nonsense.

  • @Paidnful
    @Paidnful 5 лет назад +13

    I'm going to break this down real quick and I hope it helps. At 6:23 He clearly gives an example at the age of 25 how he turned a Liabilty into an Asset, so to speak. He used a credit card (LIABILITY) to purchase an apartment (ASSET) and cash flowed at $25 (PASSIVE INCOME). Cash flow=cash earned after paying all expenses. I see multiple benifits out of this scenario. 1) Leveraged his personal credit to obtain debt, a credit card, which means he used other people's money and didnt have to tie up his own cash. Additionally, credit cards are much easier and quicker to obtain versus acquiring a mortgage. 2) Utilization of someone elses money, Credit Card (LIABILITY), to purchase an INCOME DRIVEN ASSET which covered all operating expenses for the apartment, including repayment of the credit card, once the rent was paid by the renter, and left him with $25 that he did not have to get up and actively work for. 3) His FICO score had to go up for paying back on the card, thus opening the door to more opportunity to acquire larger lines in the future. 5) The Apartment (ASSET) acquisition immediately increased his networth (WEALTH) at the same time. 4) Holding of the ASSET long enough, or buying right coming in the gate will allow cash (EQUITY) to be pulled out of the asset either immediately or when it appreciates. 5) Sell the asset when its crazy over valued like in 2008 and now in 2019 and walk away with a HUGE PROFIT, 1031 exchange it and increase your passive income and wealth without paying tax on the gain all while using a credit card 💳 (LIABILITY/DEBT). Rinse and Repeat over time to build a massive rental asset portfolio. Then come back to look at this video and shake your head at all of the people who didn't take advantage of all this opportunist information. Most people will apply for a credit card and use that liability to cover another liabilty. It's all a mindset 🧠. Choose what side of the fence you want to be on simple as that. ✌🏼

    • @eyugebeta9905
      @eyugebeta9905 2 года назад

      Thank you so much for the details...!!

  • @Tomtownsend485
    @Tomtownsend485 Год назад +212

    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.

    • @andrewchandler0
      @andrewchandler0 Год назад

      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.

    • @robertosaviano215
      @robertosaviano215 Год назад

      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.

    • @elliot985
      @elliot985 Год назад

      @@robertosaviano215 Please can you leave the info of your investment advisor here? I’m in dire need for one.

    • @robertosaviano215
      @robertosaviano215 Год назад

      @@elliot985 You can do your research and be on the lookout for one with intelligent strategies who'll help your portfolio maintain an unwavering and a progressive growth. Isabel Cecilia Ramsey is my FA. She has the Flexibility & Expertise to Meet Your Needs. Verify her yourself

    • @Zanrowe795
      @Zanrowe795 Год назад

      @@robertosaviano215
      I just looked up Isabel online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals and scheduled a call.

  • @louie-e9v
    @louie-e9v 2 месяца назад

    your videos are helping my children because they said mum im getting a job im gona then try get a mortgage to buy a house I said STOP I showed them your videos bought some books and said learn about cash flow assets etc ..... Robert kiyosaki and his wife Kim are teaching you this and it changed their whole mind set

  • @toralayous8500
    @toralayous8500 2 года назад +93

    This is a well detailed and informed video. I'm here to learn how to invest after listening to a guy over the air talk about the importance of investing and how he made $410,000 in 5months from $180,000 startup. Somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas

    • @lampwhite8855
      @lampwhite8855 2 года назад +1

      Investing in crypto and stocks is a good idea, a good system would put you through many days of success

    • @davidOmoL
      @davidOmoL 2 года назад +1

      We need to act consistently as investors and not as a speculators on the market if we look forward to profiting from the market

    • @khamablaze4459
      @khamablaze4459 2 года назад +1

      Having monitored my port_folio performance which has made a jaw dropping $370k from two quarters alone, I've understood why experienced investors make enormous returns from the market

    • @toralayous8500
      @toralayous8500 2 года назад +1

      Interesting, I have a lump sum doing absolutely nothing at all in my bank account, I wanna get something started with it. You seem to be doing excellent for yourself. Do you trade on your own?

    • @khamablaze4459
      @khamablaze4459 2 года назад +1

      I'm trading with Expert Mrs Denise Mitchell, a FINRA regulated broker. Met her sometime early last year at a startup funding event. She had some interesting things to say about the state of algorithmic trading today, very obviously, it's reflecting on my portfolio

  • @brooklynw4037
    @brooklynw4037 Год назад +122

    Investing is considered a bedrock in making generational wealth. Most people don't know when, where or what to invest in. Fortunately, great investors of the past and present can provide us with guidance and ideas. Meaningful contributions are always welcomed.

    • @kendrahamilton8105
      @kendrahamilton8105 Год назад

      Trading with an expert has been the best way of making huge returns from crypto currency.

    • @kendrahamilton8105
      @kendrahamilton8105 Год назад

      The common mistake we newbies make is without help and legit guidance from a professional.

    • @lindseybramall4699
      @lindseybramall4699 Год назад

      @@kendrahamilton8105 Yes, you're right, it's not watching all videos wasting time on strategies, I was ignorant doing so till I met Rheagan Max Deplonty last year at a startup funding event in Washington DC.

    • @lindseybramall4699
      @lindseybramall4699 Год назад

      He had some interesting things to say about the state of algorithmic trading today, obviously I'm seeing results, and my trading is going smoothly.

    • @minneapolisconnect7502
      @minneapolisconnect7502 Год назад +1

      Job will pay your bills, business will make you rich but investments make and keep you wealthy, the future is inevitable.

  • @kapatip9936
    @kapatip9936 5 лет назад +121

    I think family is treasure- worth more than assets

    • @mashudrahman9190
      @mashudrahman9190 4 года назад +25

      When u don't have any money how u feed them man?

    • @eigelgregossweisse9563
      @eigelgregossweisse9563 4 года назад +8

      Your brain can be either an asset or a liability. Some are limited. Some are mentally disabled. Some are lazy but can have a huge potential.

    • @TheRazvy1990
      @TheRazvy1990 4 года назад +1

      @@mashudrahman9190 WORK THE SOIL !!!!! western society ...you only want to stay and look at the MONEY ...BUT TODAY OFFCOURSE IT'S A SHAME TO WORK.....IT'S NOT FASHION daaa

    • @nehakhatri2826
      @nehakhatri2826 4 года назад +3

      Exactly!!! How can one compare money & family!!!

    • @realvedant_1
      @realvedant_1 4 года назад +3

      What if you have a fucked up one? Yes, I agree that these people will come to you in your hard time and all that family shit, but what if they are there just for their hidden agendas? What if they are giving you more headache, tension and family drama than your job? And to be clear, I'm living in one of those!

  • @theealmonddaughter
    @theealmonddaughter 11 дней назад

    Thanks!

  • @mrmatias2618
    @mrmatias2618 5 лет назад +33

    I am 22, and everything that I have is liability Sh**t . Thanks Mentor. It's no later to change. Greeting from Angola 🇦🇴

  • @bulayGtv
    @bulayGtv 4 года назад +123

    Who reads comments and still listens to the convo? Like this

  • @anniealexander9616
    @anniealexander9616 5 лет назад +146

    I went through a divorce in 2011. I couldn't afford my house anymore. I put a tenant in it that could afford the mortgage. I never understood why others didn't do the same thing instead of getting foreclosed.

    • @willgny7749
      @willgny7749 5 лет назад +3

      Annie Alexander Some people like fighting. I gave up my house which had no $ in it for no alimony. I told her keep your house and assume the mortgage and rent out a room or 2 and I will buy my own house. Look up FHA loans they have all this on the website.
      The other choice was buy me out of the mortgage which there was no money for or sell the house...
      It can work out for both if people collaborate.

    • @kingherotv
      @kingherotv 4 года назад +10

      Where did you go and stay if i may ask? Did you rent or bought another house?

    • @chinobonito30
      @chinobonito30 2 года назад

      Very bad decision. And where did you live? On the street?

    • @BryanWinssss
      @BryanWinssss 2 года назад

      Hi

  • @shougsshoug
    @shougsshoug 4 месяца назад

    أنا من أكبر معجبينك وقمت بقرائة كتبك أنت عبقري في مجال المال وسعيده بإكتشافي لقناتك ومتابعتها

  • @prasanjeetchoudhury4052
    @prasanjeetchoudhury4052 6 лет назад +20

    Hello Robert and Rich Dad Foundation, I can't thank you enough for the great help you have been offering to people like me (in E and S quadrant currently). I had no idea about investing and was a spendaholic until very recently. But after reading rich dad poor dad, it opened my eyes. Now I am 25; have completed my graduation; working in E quadrant and have an education loan. I aspire to become an Investor and finally be financially free by age of 40. Right now, I am investing in stock market and mutual funds. But I am now in dilemma as to whether pay off my debt completely first rather than focusing on building asset column. Because for that, I need to stop the mutual fund and pay that amount as EMI. Could you please suggest me.

    • @ashishverma6680
      @ashishverma6680 6 лет назад +3

      prasanjeet choudhury Play cashflow game for free on his website and you’ll get the answer

    • @prasanjeetchoudhury4052
      @prasanjeetchoudhury4052 6 лет назад

      Hi ashish verma thanks for your respond. Yes I have been playing the cash flow game quite frequently over last few weeks. Over there I prefer to buy real estate and increase my asset column rather than reducing my debt. But in real life, it will take time to study, understand and then invest in real estate. That's why I was asking that is it a good idea to first finish the debts and then go for asset column or should I keep building the assets (continue buying stocks and mutual funds) and just pay minimum emi on my debt for now. In this way the debt will go for longer and I will end up paying much more.

    • @ashishverma6680
      @ashishverma6680 6 лет назад +10

      prasanjeet choudhury I understand what you’re thinking. But you can build other assets than only Real Estate. You can build businesses, invest in stocks, etc. How much time do you think it’ll take to clear debts? If im not wrong most debt takes a lot of time to be cleared. Start thinking out of the box and increasing your income. The problem arises when you say “is it good idea to clear debt first and THEN GO FOR ASSET COLUMN”. Bro, you just limited yourself by saying that I can’t have extra income without a real estate. Generate some extra income in some other way!! Don’t do a job for this extra income. Flip some stuff, do anything!, hustle!! and get the extra monthly cashflow. Save this extra income for a couple months while paying your EMI from your current income. Also, take time (maybe a month or 3 months or 6 months) to find that real estate/business idea/stock investment. Yes bro, you need to struggle and hustle in the start. I work 1 job+my dad’s business+my own business+go to school for masters!! Just for that one dream I have in my mind. So I would suggest pay your EMI. If there is a way to convert your debt into a good debt (google this), do so! If not, keep paying this because unpaid bad DEBT can make you a slave. Make sure you don’t get any extra interest on this debt. Keep it clear. and hustle to generate that extra money also, think out of the box for some idea. Look around you, market, food item, restaurant, anything for that extra income. You got no other option man :) FOCUS ON GENERATING EXTRA CASH for now which can make you good cash reserve, which will then help you to make an asset like a down payment for new Real Estate/new business, etc. How much time it will take to make this cash reserve? depends on your action. If you take action 10times, ... you know where i’m going ;) Good luck man :) You’ve read books, played cashflow, you’re far ahead than a normal average person. You will do fine. Keep learning!

    • @prasanjeetchoudhury4052
      @prasanjeetchoudhury4052 6 лет назад

      ashish verma thanks buddy.. Thanks for your suggestion.. I will do this..

    • @jzk2020
      @jzk2020 6 лет назад +1

      I suggest you get a job, pay off your debts if they are high interest. Save as much as possible and find something you can invest in that you CONTROL that can make you passive income. You can't control the stock price (unless you are a activist investor). Instead invest into a rental property, or buy a car and have 2 people you know drive it for you 20 hours a day (10 hours each) and generate you some passive $$$. And slowly scale up.

  • @daniyalsaad5695
    @daniyalsaad5695 Год назад +91

    Successful people don't become that way overnight. What most people see at a wealth, a great career, purpose is the result of hard work. 🤑🤑

    • @wilsonariana
      @wilsonariana Год назад

      She trades for me too. My first investment with Mrs Layla Taylor gave me profit over $25000 and ever since then I trade with her and it has been a good turnups

    • @blessingharvey
      @blessingharvey Год назад

      My first experience with her gave me the assurance that has made me to invest without fear of losing

    • @blessingharvey
      @blessingharvey Год назад

      7th winning thanks to Expert Mrs Layla, she's really the best, I've made a lot

    • @jorgemiguel8866
      @jorgemiguel8866 Год назад

      Please how can I reach this Expert Layla everyone is talking about?

    • @blessingharvey
      @blessingharvey Год назад

      +1

  • @sophiajacob4480
    @sophiajacob4480 2 года назад +510

    Success is dependent on the actions or steps you take to achieve it. Show me a man who doesn't have an investment, and i will tell you how soon he will go broke. Investment is building a safe heaven for the future. With the right choice of Investment that has at least 1% minimum risk and with an expert guidance, profit and Intrest is 100% guaranteed.

    • @--M--1111
      @--M--1111 2 года назад +5

      K well it's different for everyone. Success means different things to different people. We are all mortal and anything can happen. No one cares in the end of your success or will be by your side on your death bed saying ''wow look at what he accomplished'' most will be focused on what made them happy during their lifetime.

    • @donovanbrown7993
      @donovanbrown7993 2 года назад +3

      @@--M--1111 you must be broke😂😂😂
      The lady was simply dropping some jewels on people who want to be financially successful. There was no need for your comment. And believe me, when we die it will be vital to leave an inheritance to our family, instead of being selfish and only thinking of our own happiness. Why did you click on this video anyway if you’re not talking about financial stability. Take those “making people feel happy” comments to a dr. Phil video.😂😂

    • @baba622
      @baba622 2 года назад

      Aight bro

    • @itsRiju
      @itsRiju 2 года назад

      @@--M--1111 you are absolutely right. We can't set a parameter of happiness applicable for all. For most of them yes its applicable for not for all . Because you may have understood the money but not your life.
      I will give an example. I do daily meditation and Yoga and my life's aim to seek enlightenment eventually and i am persuing it with all my focus and intensity. And i have a job in a Software company. I have two kids. So I have created a plan.
      I am saving some money for my kids. Once they are self dependent i will leave for heigher practice and submit myself towards it.
      I will have no money but an internal peace. Probably this is what I was seeking my life.
      People do not understand a bit about how this Cosmos and life works. We are in a cycle of birth death and rebirth. And we are repeating ourselves. Enlightenment is a way to break this cycle and merging to the consciousness.

    • @venus170
      @venus170 2 года назад

      @@donovanbrown7993 you're so stupid and a shame on humanity, he's saying his/her opinion, and not cause he/she is here in this video means that they agree with it, he might be doing a research on how to make money, but he was talking about being happy, and yes when your ass go to grave, with no family, no kids then yeah! What did you accomplish! And the point is be happy, it has nothing to do with being rich or not! The comment we're all in is actually shit, saying show me a man with no investment! So stupid, too many people have nothing and can't afford anything regardless of what this video say, he was able to take a loan and buy a condo, some people can't even take a loan! So give yourself a kick in the ass and gtfo

  • @MichaelAD222
    @MichaelAD222 3 месяца назад +70

    Market is down still, I've been looking up strategies and apparently both bull and bear market condition provides equal avenue to accrue massive gains, and a news article particularly mentioned a 54 year old that made $180k in 5weeks, how do I learn these strategies, my portfolio has been stagnant for months.

    • @KarinaMilan4
      @KarinaMilan4 3 месяца назад

      Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.

    • @SylviaJoe6
      @SylviaJoe6 3 месяца назад

      A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

    • @AlexandraGray-t4
      @AlexandraGray-t4 3 месяца назад

      How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

    • @SylviaJoe6
      @SylviaJoe6 3 месяца назад

      Svetlana Sarkisian Chowdhury is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

    • @GeorgeCook2
      @GeorgeCook2 3 месяца назад

      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.

  • @SNESmapper
    @SNESmapper 6 лет назад +400

    breathing is a liability

  • @vickivultee1297
    @vickivultee1297 2 года назад +55

    Please I need help, I lost tons of money on live trade, I
    thought is the same as demo trade because I was
    winning in my demo account. This is really frustrating
    and overwhelming. where do I start please?

    • @beckyhemperley1220
      @beckyhemperley1220 2 года назад

      Well….. I will advise you should stop trading on
      your own if you keep losing and start trading
      with an expert because trading with an expert is
      the best strategy for newbie.

    • @angelikacavalli6552
      @angelikacavalli6552 2 года назад +1

      That's true most people today have been having
      a lot of failure in Fx and crypto sectors because
      of bad orientation and bad expert

    • @khalifapatrick423
      @khalifapatrick423 2 года назад

      As a beginner who don't understand how Bitcoin
      trade really work and really want to make profit
      from it. I will advise you to first start working
      with a professional broker

    • @cookshawnmichael2845
      @cookshawnmichael2845 2 года назад

      That is true, you need an expert trader to make
      good profit from cryptocurrency trade

    • @emarliedaneen7875
      @emarliedaneen7875 2 года назад

      Get an expert trader who will trade for you while
      you receive the profit. that's the best way to
      make good profit from cryptocurrency
      investment

  • @lchicks86
    @lchicks86 6 лет назад +46

    I do understand this. Rental prices are higher than mortgae payments aren't going to change anytime soon. You could buy a property with a mortgage payment of $600 or less and rent it out for $1000. I see it every day. The point is to rent out what you own which allows someone else to pay the mortgage payments on your property until its paid off. Then you get another property and repeat the process. Quite simple really. Multifamily units are best.

    • @fxspartans9447
      @fxspartans9447 5 лет назад +2

      Exactly what im planning to do. Just saving up for house deposit and then rent it out!

    • @mike88wt
      @mike88wt 5 лет назад +3

      Theres has to be more money tho. I own my own muti family. You need more money for that process to accelerate. Stuff breaks and things need replaced. It would take forever just paying the positive cash...its not that easy

    • @optimus1212
      @optimus1212 5 лет назад +1

      Wrong. Single family makes way more cash than multifamily. Way more.

    • @mike88wt
      @mike88wt 5 лет назад

      @@optimus1212 how do you figure?

    • @optimus1212
      @optimus1212 5 лет назад

      @@mike88wt Easy. How much does a tenant pay to get into an apartment or duplex vs someone who buys a home?

  • @tanasisyanev3760
    @tanasisyanev3760 2 года назад +9

    I still didn't understand how to convert a liability into an asset. Good video.

    • @BagHoldingStonks
      @BagHoldingStonks Год назад

      lmao

    • @Marsconquered
      @Marsconquered Год назад

      Well he mentioned do not buy liabilities but assets. So just getting rid of your liabilities to buy assets is the way. However, some liabilities can be turned into long run assets such as renting out your property

    • @tanasisyanev3760
      @tanasisyanev3760 Год назад

      @@Marsconquered This works only in America my friend. They have the dumbest rules and the dumbest people

  • @Scottweeier846
    @Scottweeier846 3 месяца назад +40

    I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Kimberly Ann Doran..

    • @erikyanez5371
      @erikyanez5371 3 месяца назад

      Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super

    • @AmandaBrookes0908
      @AmandaBrookes0908 3 месяца назад

      The very first time we tried, we invested $2000 and after a week, we received $9500. That really helped us a lot to pay up our bills

    • @DaveCulbertson
      @DaveCulbertson 3 месяца назад

      You trade with Kimberly Doran too? Wow that woman has been a blessing to me and my family..

    • @Brucelanham845
      @Brucelanham845 3 месяца назад

      I'm new at this, please how can I reach her ?

    • @carolynvo7802
      @carolynvo7802 3 месяца назад

      I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much...

  • @EvaHoffmann153
    @EvaHoffmann153 3 месяца назад +625

    I'm eager to transform my financial liabilities into assets, securing a prosperous retirement. As a soon-to-be retiree, I'm focused on optimizing my 401k after a tumultuous 2022. Inspired by investors achieving impressive returns, I seek strategies to convert my expenses into investments, generating passive income and increasing my ROI. Any guidance on turning financial obligations into wealth-building opportunities would be invaluable in achieving my goal.

    • @henryallard245
      @henryallard245 3 месяца назад

      You're at a turning point, considering transforming a potential liability - taxes on your $338k stock portfolio - into an asset. By transferring funds into a Roth IRA, you've already paid taxes on the contributions, allowing tax-free and penalty-free withdrawals. This strategic move converts a tax burden into a wealth-building opportunity. Now, you're deciding how much to contribute to maximize earnings and create a tax-free income stream.

    • @MarshalWagner457
      @MarshalWagner457 3 месяца назад

      Yes, you are right. it's been a brisk tailwind for investors in US stocks over the decades but it is still a delicate season now, so I advise you to consider the guidance of a financial advisor.

    • @AshleySommerset808
      @AshleySommerset808 3 месяца назад

      Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.

    • @MarshalWagner457
      @MarshalWagner457 3 месяца назад

      Sonya Lee Mitchell is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

    • @TicheDebb0
      @TicheDebb0 3 месяца назад

      Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks

  • @carolinajosh9630
    @carolinajosh9630 2 года назад +46

    TRADING CRYPTOS HAS NOT BEEN GOING WELL WITH ME , I HAVE INVESTED A LOT OF TIMES AND FAILED , I TRADE ON MY OWN BUT EACH TIME I KEEP LOOSING MONEY . I DON'T HAVE GOOD STRATEGIES TOWARDS THE MARKET . PLEASE CAN SOMEONE PUT ME THROUGH ON THE RIGHT PATH..

    • @matawilliam4137
      @matawilliam4137 2 года назад

      @ROWLING SAM There is really no country restriction in her company,I'm investing with her from Switzerland.

    • @matawilliam4137
      @matawilliam4137 2 года назад

      What surprises me about her mostly is she gives her client's access to her trading site whereby they can monitor their trades on daily basis

    • @clarkepower4997
      @clarkepower4997 2 года назад

      @@matawilliam4137 Who is this professional everyone is talking about I always see her post on top comments on every RUclips video I
      Watched
      watched

    • @clarkepower4997
      @clarkepower4997 2 года назад

      Please how can I reach this mrs Nancy I've already lost enough of money trading for myself.

    • @jerrymax5189
      @jerrymax5189 2 года назад

      私は今幸せです➕𝟏𝟐𝟎𝟖𝟐𝟖𝟓𝟔𝟓𝟗𝟓私はとても幸せです。

  • @YannickEmmons
    @YannickEmmons 5 лет назад +13

    Hi Mr. Kiyosaki! First of all, thank you for teaching us all this priceless lessons and for sharing your lifetime experience. I read almost all of your books and I'm slowly starting to see some results! I just have one question for you if you don't mind : Instead of buying things that depreciate, I enjoy finding rare antique items at a really good price that goes up in value with time... Do you consider rare antique items an assets?

  • @frostsmaker8966
    @frostsmaker8966 3 года назад +7

    8:16, I agree with that. My father has 4 children, I have to sacrifice what I want for my siblings. I just can't take everything, don't care to my siblings, try everything I could in life. I hate to be kind, I want to be an evil person. I'm poor, I spend most of my time thinking about how, how,... and I will not get married and have a kid if I'm poor. Even if I have kids, I will make sure to only have one. I will make sure my only children can do everything in life, try all the possibilities for his future.

  • @alexquintana90
    @alexquintana90 4 года назад +13

    Thank you Robert for teaching without holding back on what's being said. Definitely things have to be said like they are. Look forward to other educational videos from you.
    How about some ( real estate)

  • @ImranBakshYT
    @ImranBakshYT 2 года назад +4

    Six words - income, expense, asset, liability and cash flow.
    Genius analysis of these terms with being honest about liabilities

  • @ghanighani6926
    @ghanighani6926 Год назад +420

    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!!!

    • @tahirisaid2693
      @tahirisaid2693 Год назад

      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...

    • @ghanighani6926
      @ghanighani6926 Год назад

      Credits to ROCHELLE DUNGCA-SCHREIBER, she saw me through the process. You can glance her name up on the internet and verify her yourself. she has years of financial market experience...

    • @tahirisaid2693
      @tahirisaid2693 Год назад

      Heard many good recommendations about ROCHELLE DUNGCA-SCHREIBER by some YT channels, Seminars and other platforms.

    • @tahirisaid2693
      @tahirisaid2693 Год назад

      Thanks so much I was able to find her page and I already leave her a message.

    • @georgestone0123
      @georgestone0123 Год назад

      The quickest way to make your first millions is to invest directly with an expert that is trustworthy and has made a name and individual billionaires ... You have done great for yourself. I understand the fact that tomorrow isn't promised to anyone, but investing today is a hard thing to do for me now because I have no idea of how and where to invest in. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.

  • @simonbad
    @simonbad Год назад +265

    I'm holding my stock and no "breaking news" FUD will get me to sell. We are an army and all have diamond hands. I'm sick of the market manipulation by the hedge funds and whales. It's past due time to teach those greedy b's a lesson.

    • @AstaKristjan
      @AstaKristjan Год назад +1

      Most people seek instant gratification, which usually doesn't go well. so set goals 1-2 years out instead months out, and you are likely to be much more satisfied with the results.

    • @Erinmills98
      @Erinmills98 Год назад +5

      @@AstaKristjan I always FUD at every little dip until a friend at fidelity investments recommended coach KATHLEEN YANELLI CAROLE who managed my bag very well to over 15%.

    • @LarsBergstrom-uh2eu
      @LarsBergstrom-uh2eu Год назад +2

      @@Erinmills98 This is really impressive, who is this person and how can they be reached?

    • @Erinmills98
      @Erinmills98 Год назад +1

      @@LarsBergstrom-uh2eu Just go check her on the web, there really nothing much for me to say here.

  • @Alejandracamacho357
    @Alejandracamacho357 Год назад +149

    The 1% Millionaires stay rich by staying off high interest debts and investing passively. Personally i made my first million from having investments that spreads across stocks, etfs, coins and bonds.What i can say to early investors is diversification and solid management..at this point I'm actually grateful for my advisor Deborah Jean Dykstra.. it's been great.

    • @BenjaminMcLeod815
      @BenjaminMcLeod815 Год назад +1

      Nicely done. love diversity.

    • @PhilipMurray251
      @PhilipMurray251 Год назад +5

      out of curiosity I did read about Deborah Jean Dykstra on the web.,she has a great resume.

    • @Christine-ce4xo
      @Christine-ce4xo Год назад

      i'm happy there are lots of people doing so well...Love this channel for the transparency

    • @Robertgriffinne
      @Robertgriffinne Год назад

      ​@@PhilipMurray251 i found her web too, she's impressive

  • @Willywillscheng
    @Willywillscheng 5 месяцев назад +48

    You're only as good as the decisions you make today with the money you have. This time last year I considered investing without much knowledge and decided to have a consultation with a fiduciary, and it was incredibly insightful. One year and a couple of months in, and I'm almost debt free. I truly cannot stress enough how helpful experts in this field are!

    • @OnlyoneSithembilé
      @OnlyoneSithembilé 5 месяцев назад +2

      How has your journey investing been? What assets did you invest in?

    • @Willywillscheng
      @Willywillscheng 5 месяцев назад +4

      It’s not rocket science. I got into the stock market and started investing in some stocks. Long story short, I blew my account and lost it all with one wrong move. Jonas Herman, a licensed fiduciary is the brain behind my success. I've gotten into a plethora of assets with $10k spread across stocks (options and futures) for the short term and Roth IRA, index funds, and ETFs, for the long term. Now with over 77k in roi, I sit back, and just reinvest at intervals while I focus on my career and family.

    • @Pathston
      @Pathston 5 месяцев назад +1

      To me, investing is not worth it, just too risky and I know that's the same mindset holding me back from taking a step forward in my finances. I guess I'm just scared since I'm green to it.

    • @Willywillscheng
      @Willywillscheng 5 месяцев назад +1

      Hermanw jonas (a Gma!L comm
      Is he taking commissions for his services? Yes, I’m I still making money in the process? Hell yes!

    • @Archaengelh
      @Archaengelh 4 месяца назад +2

      I never feel pressured into making hasty decisions with him, and all fees and commissions are clearly explained upfront. This level of trust and integrity is rare in the financial industry, and it is a testament to Jonas’ dedication to me as his client that he always has my best interests at heart.

  • @AceCPAsBookkeeping
    @AceCPAsBookkeeping Год назад +1

    TLDR: The key idea of the video is that understanding and managing cash flow, as well as recognizing the difference between assets and liabilities, is crucial for financial success.
    1. 00:00 🏠 A house is not always an asset, but can be converted into one depending on how it is used, according to Robert Kiyosaki in his discussion on financial education and literacy.
    1.1 Robert Kiyosaki discusses the misconception that a house is an asset and explains that it can be converted into an asset depending on how it is utilized.
    1.2 Financial education and literacy start with understanding the six basic words: income, expense, asset, liability, FICO score, and borrowing money.
    2. 02:04 💰 The secret to being rich is not a college education, but the ability to control cash flow by managing income, expenses, assets, and liabilities.
    3. 03:13 💰 Your personal residence is not an asset because it takes money from your pocket, while an investment property that generates cash flow is considered an asset.
    4. 04:56 💰 Focus on cash flow when making financial decisions, as assets put money into your pocket while liabilities take money out of your pocket.
    4.1 Financial intelligence is the ability to control cash flow, and buying a car is a liability unless it generates cash flow, as demonstrated by the example of NFL players who go broke because they can't control their cash flow.
    4.2 Assets put money into your pocket, liabilities take money out of your pocket, so focus on cash flow when making financial decisions.
    5. 07:36 💰 Kids are liabilities as they are expensive and get more expensive every year, and as people get older, family members become liabilities as well due to the high cost of long-term healthcare.
    6. 09:01 💡 People often overlook the financial impact of family members, who can become liabilities due to medical expenses and insurance issues, emphasizing the need to view them as both assets and liabilities in financial planning.
    6.1 Many people don't realize that their family members can become liabilities, especially as they age, with medical expenses depleting savings and insurance companies canceling coverage, making it important to consider people as both assets and liabilities in terms of financial planning.
    6.2 Men who divorced their beautiful wives are now paying a million dollars a year in alimony and child support, which is funding their ex-wives' boyfriends.
    7. 11:37 💰 Financial IQ is crucial for managing cash flow and solving problems, like covering expenses and taking care of loved ones who may become liabilities, so it's important to consider the number of liabilities before pursuing personal interests.
    7.1 Financial IQ is the ability to control cash flow and solve big problems, such as generating enough cash flow to cover expenses.
    7.2 Cash flow is important to take care of loved ones as they become liabilities, and it is necessary to consider the number of liabilities one has before pursuing personal interests.
    8. 13:20 💡 Learn and master the concepts of income, expense, asset, liability, and cash flow to gain financial intelligence and control your financial situation.

  • @Tetsu-p3g
    @Tetsu-p3g 5 месяцев назад +861

    I am trying to avoid making any new buys at this point in other not to get sucked into a bear market trap.It's tough making money in stocks when institutional investors are the driving force behind the selling.. although I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?

    • @Muller-o4d
      @Muller-o4d 5 месяцев назад

      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.

    • @Aron-r3m
      @Aron-r3m 5 месяцев назад

      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.

    • @Mosley-vu7ff
      @Mosley-vu7ff 5 месяцев назад +1

      Please can you leave the info of your investment advisor here? I’m in dire need for one.

    • @Aron-r3m
      @Aron-r3m 5 месяцев назад

      I've worked with a few different financial advisors, but I ultimately chose ''Jenienne Miniter Fagan'' because she seems to be very thorough and knowledgeable about the financial market, and I get to make more than average.

    • @Garrett-lo6pu
      @Garrett-lo6pu 5 месяцев назад

      Thank you for this amazing tip. I just looked up Jenienne, wrote her explaining my financial market goals and scheduled a call

  • @bahadurchaiclup8888
    @bahadurchaiclup8888 Год назад +5

    Sir, my name is Lal Bahadur Singh and I am from India. The knowledge I have gained from your book Rich Dad Poor Dad is very perfect. Sir, today the whole school did not teach this in the college which you tried to learn through the book. done sir

  • @drdwgmd14
    @drdwgmd14 5 лет назад +306

    I learned today, DO NOT GET MARRIED

    • @docrw
      @docrw 5 лет назад +34

      men have NO advantage getting married!!! Our courts have screwed us and all the descent women also.

    • @bobbypanda6685
      @bobbypanda6685 5 лет назад +12

      @@docrw Same issue in China and India

    • @sadikrahman4668
      @sadikrahman4668 5 лет назад +6

      @@docrw this is a plan of the devil.

    • @msdjones30
      @msdjones30 5 лет назад +5

      He's married 🙄

    • @goosecouple
      @goosecouple 5 лет назад +17

      The only safe place to live married is in the Moslem countries.

  • @SimpleMindSpace
    @SimpleMindSpace 5 месяцев назад

    00:02 Understanding how to turn your house into an asset is crucial for financial literacy
    01:57 Understanding cash flow is the key to being rich.
    03:40 Your house is not an asset; it's a liability because it takes money from your pocket.
    05:36 Buying a taxi car can be an asset due to its cash flow.
    07:19 Focus on cash flow when considering assets and liabilities.
    09:08 People can be both assets and liabilities.
    11:02 Identifying human liabilities and their impact on financial IQ.
    12:38 Assessing liabilities is crucial before pursuing passions.

  • @RichardBayer
    @RichardBayer 2 года назад +565

    To young investors, if you want to have more income you need to spend less of it and invest more of it. I'd say most of these "get rich quick" people actually want to spend more money and save less...

    • @Karagoldberg7
      @Karagoldberg7 2 года назад +3

      I am new to this investment of a thing. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed on all the stock opportunities so far for the tech stocks.I believe having 125K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and loosing all the good opportunities.

    • @Karagoldberg7
      @Karagoldberg7 2 года назад +3

      @Robert Cooper i've been quite on my research but most suggestions was to get a coach ,do you think that's a good idea ?

    • @williamsbrown4026
      @williamsbrown4026 2 года назад +2

      @Robert Cooper that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you.

    • @Karagoldberg7
      @Karagoldberg7 2 года назад +2

      @Robert Cooper I just looked her up on the web and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals and scheduled an appointment

    • @Karagoldberg7
      @Karagoldberg7 2 года назад

      You can only get in contact with her through her website recommended online in web search not on whatApp

  • @alexgreat4288
    @alexgreat4288 2 года назад +51

    I came here to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k. Somehow this video has helped shed more light on some things, but I'm confused, I'm a newbie and I'm open to ideas

    • @kentstrafford5836
      @kentstrafford5836 2 года назад

      I start with $2,500 at May 15 and I'm almost at $21k now! all thanks to Patricia

    • @Garys_Bob
      @Garys_Bob 2 года назад

      Wow that's awesome because I Started with $5,000 at the same time. Now at 52,000$.

    • @swiftkatherine2734
      @swiftkatherine2734 2 года назад

      Congratulations that is a real success story in my opinion. Success because you didnt allow the amount to determine whether or not you would jump in. Good job. See you at the 100k meet and greet.

    • @farishdaniel9493
      @farishdaniel9493 2 года назад

      I'm at 1.25k now!

    • @michelleleong7395
      @michelleleong7395 2 года назад

      Do you sell high and buy low ? Or do you hold? I need tips

  • @lauraclover1547
    @lauraclover1547 Год назад +1971

    I appreciate your approach to teaching.. To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough, we just need to hold onto our hopes and wait to see how things turn out because market movements are almost always unpredictable. In my portfolio, I'm noticing more red than green. How are other people in this market raking in over $350k gains within months

    • @purplebliss6875
      @purplebliss6875 Год назад +1

      While there’s more pain to come, investors should look for stocks like Royal Philips NV and Alstom SA that have been beaten down enough that they’re a bargain or get a good portflio manager

    • @Bobhenry-c7z
      @Bobhenry-c7z Год назад

      I agree, I've been in constant touch with a Investment advisor for approximately 17 months. These days, it's really easy to buy into trending stocks, but the task is determining when to sell or hold. That's where my advisor comes in, to help me with entry and exit points , I've accrued over $337k from an initially stagnant reserve of $148K all within 18 months

    • @rebeccaartgallary
      @rebeccaartgallary Год назад

      I need a guide so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor?

    • @Bobhenry-c7z
      @Bobhenry-c7z Год назад

      @@rebeccaartgallary My consultant is Deanna Lynn Renfro, She has since provide entry and exit points on the securities I focus on. You can look her up online if you care supervision. I basically follow her trade pattern and haven’t regretted doing so

    • @rebeccaartgallary
      @rebeccaartgallary Год назад

      This recommendation literally came at the right time, I dipped by $16k in stocks last week alone. Its crazy! I just looked up Deanna online and researched her accreditation. She seem very proficient & I wrote her detailing my Fin-market goals.

  • @believer2734
    @believer2734 2 года назад

    Robert talks about buying property for rentals but that has expenses too,as they get torn up, tenant doesn’t pay & its an expense to remodel,evict, time involved to repair or hire repairs, stress from lazy tenants, etc. …maybe you can show losses but in comparing income to expenses plus headaches,stress, I ask you, is it really worth it? Maybe I’m just not seeing the full picture but I worked for an attorney before retiring & we always dealt with landlords trying to evict for tenant not paying rent…&then even after going through court & winning, you’d have to go back &get a judgment against deadbeat tenants b/c they still wouldn’t pay.

  • @zilknoah9011
    @zilknoah9011 2 года назад +9

    An Awesome and resourceful Video.
    Everyone needs more than than a Basic Income to be Financially Secured in this present time that there's an Economic Decline

    • @toralayous8500
      @toralayous8500 2 года назад

      I just struggled to make my first pro-fit of $ 5,800 from my trades and I can't wait to make more , been reading about investors that made as much as $ 380,000 in 2months and I'd really love to know how and what strategies could make me this much proceeds

    • @amydannyson5644
      @amydannyson5644 2 года назад

      Congrats , I know the feeling, Endeavor to be discipline.

    • @richardgoose695
      @richardgoose695 2 года назад

      Its great you study the basics before being overwhelmed by the accompanied fortune

    • @zilknoah9011
      @zilknoah9011 2 года назад

      I understand your viewpoint , but i beg to differ , I started investing in 2019 and that same year I pulled a profit of about $ 65,000 profit with no prior investing experience , basically all i was doing was seeking guidance / advice from a broker , so you don't necessarily need to be a perfect investor , just have a professional assist you.

    • @davidOmoL
      @davidOmoL 2 года назад

      How can someone know a professional trader that is trustworthy when legit ones are hard to find this days?