Seby S ; bud. Keeping looking sharp out in the marketplace. Read Robert Kiyosaki’s “The Business of The 21st Century.” And more than once. Like over and over. Lmk if it makes sense. “Passive Income,” yes. Investing into your mindset starts now.
Wealthy people are always looking for ways to use their surplus income to acquire more income generating assets. This is cycle of positive reinforcement.
yup, its calls con artist, bets example, the BAIL OUT...no one who earned passive income cared if yo grandpa starved, its business as usual and part of been rich...
@Douglas Wayne They were supposed to teach you this in grade school. If it takes 500 manhours to make a shack and each manhour is 10 dollars, how many dollars does it take to buy the shack? Greed is stealing that shack from the people who built it because you read the communist manifesto in high school.
I'm almost 30.. I have a stocks portfolio but I wish I could go back in time knowing what I know now. Not once have I used algebra, needed to speak French or needed to know about different religions since I left school. That may not be the case for all of us but personal finance is a skill everyone needs after school, and it should be taught!
Good evening Robert Kiyosaki. I have a high degree of love and respect for you Mr. You are a phenomenal Entrepreneur and mentor. I read your book titled the Business of the 21st Century and that book change my entire life and more importantly my mindset about how money works. You are a master and expert in your field. You and your wife are incredible legends and I resolve to adapt those temperaments that make you and your wife the exceptional leaders whom you are today. Thanks a million.
@@gretawilliams8799 Your feelings about the banks are going to keep you poor. You need to learn more from Robert. You'll learn that you can use banks to make you money. Scammers or not, you have to let that feelings go. You have to work with these banks to get a "good debt" so you can get a passive income using their money. Don't give up!
@@ducrogers302 Little mistake in your life and one day you should give to banks all your money, assets etc. Than more bank debt give you, the more you are in the web of banking system as a bank hostage, a credit slave.
I am currently at my "earned income" job and watching this because my goal is to become financially free so that I don't depend on earned income. Thank you, Mr. Kiyosaki, for this education.
Sometimes I really wondered how people make this huge profits investing on the stock market online, I agreed with you investing and earning is a legitimate way to gain financial freedom, but how is it done?
There are two type of eyes side 1: E, S = (E) is employed (S) is small business, self employed or specialist 2: B, i, = (B) is big business, 500 employed or more and (i) is professional investors I wanna be in B and i I know it will take time and they are the hardest And money🤑🤑 And the most people make mistake is they focused in E and S Cause they say (i want to do what i love) You see, in real life sometimes you have to do what you hate, it's not the passion, it's the purpose in life And my purpose is to get B and S And most people are trapped in E and i cause they are doing what they love not the purpose they want Most people say they want to do what they love and it's fine if they are fine being in E and i
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.
Ive learned about you back in 2003 and have not yet acquired anything you have taught. I was stuck on trying to survive with a slave mentality. I tried to build a carpet cleaning business from working in one and failed. Did not know there are over 60 carpet cleaning companies in the area. Now i am reaching back out to you to learn to be financially free. It gonna be a tough road because i am 44 years old.
F Gordon I’m late to your comment but Now is one of the best times to be an entrepreneur/business owner. Your social media presence and utilizing digital marketing is what will make you stand out and separate you from the other carpet cleaning companies. I greatly suggest you study on how to create Facebook, RUclips, and Instagram adds. Also learn what kind of content to post for a small business on social media platforms.
So you opened a business without any research? well, you should be happy, you just learned a lesson, don’t open a business without researching the area, the market, competition, in your case, the % of properties that uses carpet etc...
Literally the first eye opening lesson I learned from RDPD over a decade ago. It helped me escape the rat race in my 20s. Hired a great accountant and put together a tax and investment strategy. When you think about it, the government is taking ~35% (state and federal) of every paycheck, plus sales and property taxes - it's insane how you only really keep half your income.
Weird thing...I enjoy listening to him, but whenever she talks I get a weird brainwashed vibe like a robot repeating everything he said. I like Robert tho
your vision of real estate is fantastic maby it is not possible today but the idea is amazing, i read the comments and they made me laugh, what they dont realise that the companies in real estate do diffrent tasks, there is the land owners the builders ect.. your idea can change everything but for sure it is not an easy one,
Yeah you are right. Also more and more people become lived in the "House on wheels". You can travelling and don't pay for land. Real estates it's 20 century income. Wait 2-4 years and all real estate will be cheaper and cheaper....3d printing and robots change the world. Sorry for my English.)
I invested in internet, websites, advertisments 20 000$ and get 800$ per month cashflow passive income. Than I invested in the real estate 50 000$ and get ATENTION 400$ per month cashflow passive income. Feel the difference.
Start a small business, like mowing lawns etc. at least that's what I'm seeing in 'Rich Dad, Poor Dad for Teens'. Just ordered it so that's based on a preview, was looking for this answer myself.
Get a job with less expenses meaning save your most money if you spend the majority of your money you will be a salves of your expenses so the key to not spend more than 25% of your income
People I want you to understand something. The rich write the rules of the game in our country USA capitalism is the game and Robert is showing you how the game works. Our government replaced imperialism and colonialism with capitalism. Now that he has taught us the game we all see how it is economic slavery. He basically teaching be the business owner because that a free man in our society but it takes time to build a big business. Money is equal freedom, the only way you can free up your time is by creating a business that can make you money and pay your expenses without you physically working. No money is truly passive but the whole game of capitalism is based off making money on the labor of others who work for you in exchange for money. Their only two solutions you either make your company a worker co-op or you start a revolution and get rid of the system entirely.
I know Robert's secret, but can't share it or I may be in trouble. =| Truth is, nobody will ever tell you the truth about wealth creation and manipulation, only you can find it.
Dear Robert Many years back I attended a church session and after I came back I noticed your book Rich Dad Poor Dad. I read it and it had a lot of the answers to many pressing questions. I thank God for it. Iam not rich ,by no means but at least I have the knowledge and that's what really matters Regards
You’re an awesome dad , I educate my wife and we educate our children. My parents never taught me when I was younger and asked about how to make money they told me I was too young and I don’t need to worry I’m just a kid. But as an adult I own rental properties and teach my children not to work for money but buy investments to pay for the things you want because after the item is paid for they will still make money from their investments. They see what I do and this is normal to them, seeing me buy properties and putting checks in my credit union. Investment properties have freed up my time where I retired early from my JOB and in turn I have more time to find more properties that make sense to purchase. Life is exciting now. Time with my family, security, priceless
True story .. I was in the middle of buying my first home for 350k .. looking at 1600 a month payments .. this was in the middle of the housing boom in Ireland .. an retired financial detective whom I met in hospital warned me not to go thru with the sale that he had inside information from his old colleagues that an Irish bank was going to bring the country down .. he wouldn’t tell me which bank , I had no idea.. I cancelled the sale & took his advice at the disgust of my parents .. few months later , Anglo Ireland went bust & Ireland had to receive a massive bailout from Europe .. that house I was going to buy and be in massive debt and misery for my life was on the market after the crash for 150k .. I was extremely lucky..
Bob Ben it was by pure chance I met him , he was in a hospital ward with me and we got chatting . Many people got caught and are in massive negative equity
the bail out, taxing the poor, raising money for a cause and laundering it, creating a clinton foundation tax free formed LTD, just a few examples., taking bribes from politicians to start wars, blue chip investments such as the military industrial complex, weaopons, bio weapons and mind control agents, poisoning the public and feeding them dung fro mbill gates machine, some even sterilize the poor to keep them metrosexual., working for the wrong side of the law, rich in cash and some love.
@ so really all you need to do is act like you have all the answers and word it in such a way that it sounds like you do and it sounds like you're gonna share those secrets, but never reveal them. I knew that those damn seminars for learning real estate and crap had to be total b.s. By the way, if it was easy, everyone would be doing it just like Uber/Lyft (it was easy and now everyone's doing it but not making money because it's oversaturated now)... Also, if it sounds too good to be true, it likely is just that.... Too good to be true ...
First you get the money then you get the assets then you get the liabilities then you get Alexandra In this world all you got is assets The world is one big asset Chico
Plzdontattack quitters never win, and fighters never give up. Read the story behind Colonel Sanders and KFC if you don't think every person could pursue and succeed in entrepreneurship if they are committed and believe they can. 99% of success is mindset, not ability.
BIG Issue: Tax is the method which is used to FAIRLY proportion the amount of money taken from each person to help the country pay for the "cost" of living in that country. It is there to support the system - it does not make anyone rich as the requirements of the country and the capitalist process used to run the country usually mean the money is used to pay off a deficit. Tax is a responsibility of every citizen that wishes to see their country not go broke, and to see an example of people being irresponsible in that area, just research Greek economy over the last 70yrs.
I hope at least one young adult or anyone can read this. I was to inherit a house from a dead beat dad who was never in our lives and never paid child support. It would've been the only asset I'd ever have to invest in. Like many college grads, I've been poor with nothing but a little savings. I hustle for a living in an industry that no one ever would go to school for would want to. This house that I "was" to inherit actually belonged to my our uncle who was once a LA doctor right up until he died of a stroke or something of that nature in 2017. In 2018 my father ended up getting stage 4 cancer but was supposed to get all assets from his dead brother since he had no will himself by the time he died in 2017. Our father had no real assets for himself other than a "mortgage." Initially in our father's will my sister was to receive a small trailer in AK that was also owned by our late uncle. I felt bad for her since she was the only one among myself and our mother whoever had any kind of relationship with this guy. I told her I'd share everything with her, she texted back to me "Ok." She would even tell me that "we deserve that money...." In Dec of 2018, I ended up ruminating over feelings over my mother being by herself in taking care of myself and my sister. So...basically in Dec 2018, for some unGodly crazy reason, I cursed and berated my dead beat dad out via text. I didn't even care about my part in the will. In Feb 2019, my father amended his will and thus gave the house to my sister. In Feb 2019, I flew from NYC and went to care for our mother who just got out of back surgery in GA. My sister would then tell me that I was out of our father's will and that I didn't deserve that money. In a few days after my visit, my mother would die in front of me and my nephew a few days later while my sister had been going to FL to see her "daddy" and was about to take a cruise w/ one her daughters. I couldn't effing believe it. My mom was dead. Our father would die exactly a month later. I'd later learn that my sister had my mother sign everything over to her on the day of her surgery 2/7/19...even if my youngest nephew was supposed to inherit one of my mom's properties. My point isn't about having a sociopath for a sister who constantly depended on and manipulated and stole money from our mother and tried to scheme money from a dead beat dad who didn't even like her. My point is: kiss as much butt...even if it's your dead beat parent. For me, I am doomed. I'm doomed to poverty and to death by poverty. It's a pathetic, poor person's mentality as mention by Mr. Kiyosaki, sure....but I am 47 y/o with an OCD that conquered me and gave me this pathetic mentality. I let my issues rule my world, my life and my independence. Young people, take this man's advice: Do whatever you can to become independent (w/o becoming a prostitute or hurting others) and then do what you love later. Second point: DO IT NOW.
Can you please do a more in depth lesson explaining how you get money from the four different assets. Most interested in way you use your business to get income without being taxed?
If you think that declaring bankruptcy means he isn't educated and experienced in business and financial concepts then you have a lot of ground to cover before you can start trying to critique his capabilities. He is an extremely wise man, especially in the financial realms.
This guy is really smart i got 2 give it 2 him. He has been brought up well but if u look at this way. I am a father and i have children i do work for a pay check and i dont care. I provide for my family and i do it well. If you think about it he is rich because he cheats the system which is smart. I wud have 2 disagree with him in 1 of his videos he said that is ur poor alot of them say i cant afford that he said i can get woteva he wants good for him but i have everything i want as my family. He does say in 1 of is video iswell poor say money is evil it is true coz i have seen it as its split up familys and all. I got say i love bing poor as he says coz i have a job and get a paycheck but i am more richer than any1 else coz i got my family and very happy that is wot i teach my kids and always will. I aint saying wot he is saying is wrong he has dun well for cheating the system but i think sum parts r. POOR PERSON HERE THAT IS VERY HAPPY. If u wanna do wot he says in the video good 4 u And it is gd he is teaching others for this like his rich dad taught him
Is it just me or is it that he actually keeps on repeating himself over the course of his videos without actually offering any new insights? I have seen almost all of the videos on millennial education and honestly I couldn't tell one from the other were it not for the titles. Yes, on some occasions h'e draw or write something to make it look like new information but effectively its the same content just placed differently through the course of the video. Thoughts?
Omgs so good love this.. It's like its in the back of my head and I've been scratching til some thing came out snd you finally knocked me into sense! I love you Robert!! My father's name of course too.. I read rich dad poor dad many years ago and still have the same book. All u and Trump thinking both gets me really fired up.. i've always known I've never wanted to work for a pay check always wondering how the big companies succeeds. My ex boyfriend owns a mechanical shop he can make any machine and has a very detailed mind in coming up with solutions but its so broke because he under values himself. I'm talking about, machine any where from $15.000-80.000 but he will get the machine in top materials and see the job done right. But giving himself what the labor and drafted CAD drawings use is at 1/3 I'd what other specialist machist would change. Not only does he have his business, but now he owns a few rents in IL. Some how is always broke and different fing have your own?
Ain't that some shit though? You have to pay for other classes to learn about these things, but at least we are learning something here. Saving is not easy. But that's not what Mr. Kiyosaki is teaching, he is teaching what you can do to get somewhere. Tony Robbins teaches how to save in a way where the concept is the same. Make money work for you. Pick a number to automatically deposit into your savings for a future investment, but only work with what you have left. So far, so good. But I'm not rich yet. I just learned how to really be strict with my money. Discipline.
I love all these videos, it’s to late for me but I can hopefully help point my grown up kids in the right direction , there young and I really think they can make it to the best of there abilities. Thank you for sharing these videos .
You said that if you buy your house for $100k and sell it for $200k, you will have to pay 100k in capital gains. That depends. If you have lived in your residence for two of the past five years, you will qualify for the capital gains exclusion. $500k for joint filers and $250k for single filers so in either scenario, you wouldn't have to pay capital gains from the example you used
It just flows out his mouth with ease property gold silver oil wells every thing of value where's the I r s when you were acid u made all this up but he believes it It's really sad so many believe him
Year-over-year inflation stood at 6.5% in December 2022-the lowest that figure has been in more than a year. Inflation was in line with what economists expected and gave many of them a reason to believe that the peak of inflation may be behind us. I have approximately $150k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?
the problem with what he is teaching is it works great for the individual who is willing to take some risk and make informed decisions like he did. BUT think if EVERYONE did this in our society, this would not work and the whole thing will fall apart - just imagine if everyone had rental properties outside of their primary residence, who the hell is going to rent it then? I know it's hypothetical but.. it's not sustainable if we were to care about every individual in our society. It is a similar problem with automation/owning automation, it only works if a select few has them, if everyone had them, well... there would be abundance but nobody will "make money" off of it (just think dollar store but now applied to just about every product/service). It's good to be smart about money but I do think we need to start thinking about these things for humanity as a collective rather than for few % of the population who had access to information/technology/wealth/etc. We need to start thinking about how we can all live well and not leave some % of the population behind by taking advantage of their labor. I appreciate that Robert Kiyasaki cares about millennials and tries to help them by sharing what he knows, but we need more leaders that can go even beyond this and really tackle systemic problems that are deep rooted in our culture - a culture that only cares about individual successes and wealth. This will take time and no easy task..
He said he's 600 Million Dollars in Debt.. does he let it continue keep it at a number in which he can come back from... ? do he let the Debt reach a certain number then file Bankrupt ?
Rafael Lopez buying assets instead of liabilities, want an example ? I started with vending machines, you know the ones you put a quarter and it gives you candy. I work to earn money a paycheck and save as much as i could, instead of spending that money on clothes or new phone or drinks at the bar (liabilities) I bought a couple machines and put them at barber shops and laundry places. Those machines generated money for me regardless if i was there or not, eventually that money paid back what I spend on those machines. After that it was all profit, every 2 weeks i went and collected all the quarters and bought more candy and refill to keep money coming in, ones you start making profit you save it and buy more machines that will generate more money. Then you can eventually invest in stocks or bonds or both. Smart choices start with small amounts, be patient and aim for long term profits, then real state, if you happen to successfully run a business that earns you decent money to invest then buy real state, if not make sure you build goof credit and can get a loan on very low interest Thats what i did, im working on a loan at the moment to get my first real state property if you can avoid taking a loan by all means, but for me i will take the risk
I'm started to realize the last part which is ' don't work for money. Work for types of income'. It teached me about we should not work as a slave for money but we should work to gain and grow the money
That's how it should be. This is literally earned income. It shouldn't be incentived to pay 0 in taxes. He's right about one thing tho. The rich make the rules and when they do they wrote them for their own benefit and screw everyone else
so basically, u will be rich if u dont pay taxes? investing requires money.. how would you earn that? if u use collateral and borrow money, u still have to pay it back with interest. he claims to have 6000-7000 properties.. i have 3 properties and i have issues with tenants from time to time. imagine the issues he has to deal with.. he is doing this to sell his books and get booked for seminars
Namaste Mr.Robert iam a big fan of yours....iam a beginner in financial learning and very happy to learn from you. You tell everything in a very simple , easy to understand manner and that's the best part of your teaching. Please give some tips on investing in shares as many people like me are very new to investment. I am Keen and looking forward for your videos.
Never ask someone for tips for investment in stock market. I am also currently learning about stock market and other different avenues for becoming financially free before my 30's. And as far as I have learnt financial education refers to the discussion about cash flow. Not asking for advice or tip about a particular stock or mutual fund. If you want a tip you can ask about the moats and competitive advantages of that particular stock or company but never ever ask for advices for investing. (Because then it will not be investing , it would be speculation). Hope that makes sense to you🙂
I agree with his point about Krok being in the real estate business...but he also was in the theft business. Ray Krok didn't start McDonalds. He stole the business from the naive McDonalds brothers. I think it's important to teach the whole story not just part of it. Krok could've still been rich or shared fair value of his profits with the McDonalds brothers but didnt'. Integrity should be taught in any business class.
I agree with his general approach - assets not liabilities. However, it irritates me that the rich want to avoid paying tax. People don't want to pay tax but expect an ambulance to turn up in an emergency and for the NHS to pay for their health care (UK) and roads maintained, nice parks, bins collected, etc. So who will pay for that if we all try to avoid paying tax? Scandinavian countries pay a lot of tax but they get a lot back out of the system - great maternity pay, free/subsidised education and childcare. They top happiness surveys.
New perspective on my homeland completely. Ive always listened to my poor folks bitch about the rich and the govt and how its not fair but... whats more fair than a guaranteed wage for those who give minimal effort? While those who take risks and strive harder, can go to work all day and make nothing? Jobs are just starting points. Not ending points. I work for a check. For now. But ill be investing that money into an asset. I will create my own business, I will automate it, and I will quit working for a paycheck. Use ur tools wisely, friends. The universe rewards action, not mediocrity
Thats why i realized why Marx critiqued Capitalism in 4 volumes maybe because Marx unfortunately didnt got the idea of financial Education during the industrial revolution. However, these educated ones preferred Socialism or Communism in a way what the government can do to provide needs for the common good, the bourgeosie and proles. But they didnt know to the fact that the government wants them to become a working class eternally, so that they could pay more taxes, loans, and social security insurances. They work for money and become subjects of their salaries, slaves of their money, perpetuating protests against the govt. While the ventured capitalist and the wealthy risked everything to become entrepreneurs and rich because of their mindset. Life is unfair really if youre enslaved with your mindset. Its not our fault whether we become enslaved or blame our material culture or social environment. Time to wake up! We should change our Mindset to become Rich.
Yes. That's what I would ask to Robert and doesn't quite fit with the concept. I mean, If everyone would think and act like a real estate investor and having passive income, then we wouldn't have workers, doctors, lawyers, school, etc. I do think though that this kind of approach is based if you WANT to be rich and the "philosophy" to look at if you really want to be rich in your buisness. It's a way of thinking more than a rule to follow strictly. Obviously you can live a good life if you FEEL good in doing what you love to do, and this kind of "way" of thinking may help even those people who actually work for money. By nature we are not the same, the ones who invest moneys in activities will always put others, which are not maybe as smart but at least good (or exceptional) people, under their wings as employee. Actually even Robert needs a doctor for his finger. Anyway I'm not sure if that's the real meaning of that lesson and I'd ask mr. Robert about that, but sounds logical to me. Hope my english was good enough!
You got the right idea on the separation of the motive and the actions. As you said, Robert provides insight on how to get rich IF you want to be rich. But remember, most doctors, whether they are rich aren't in it for the money. They want to save people. Even if most are in it for the money, they still saved people. The twist, as Roberts lesson provides here is: If you so want to be a doctor, don't you want to be a rich doctor? So you can save more people? You see? If Bill Gates never had Microsoft, he could never save as many people as he today. There's nothing stopping you from being a plumber AFTER you got rich if you so desire. The problem with most of us is, we feel like we're being forced to do plumbings. That's where his lesson can save you. Get rich, then get back to plumbing. It will be funner and you probably would do a better job even. I quit my job 6 years ago doing what I was good at, but what I didn't like. Now I am self-employed doing what I like. My earned income didn't change. I am in no position to touch the other 2 types of income yet. But I know if I work hard at what I am doing currently, I might have a chance. If I didn't quit, I have no chance. Simple as that.
Tiziano Natale Satistics. Some people simply will not apply themselves and make the right choices financially. For example, some people rather smoke a pack a day rather than invest that money.
I don't get it. If the government is only taxing the guys who are having "earned income", more people will resort to "passive income". So essentially, less people would be interested to study to become doctors, engineers, scientists, etc. It's like the government is aiming for quick wealth through entrepreneurs without thinking about longevity of the nation as a whole.
we should not wait what the government provide for us even though the ideal of the government is to serve the welfare of the People, but the irony of that 'welfare' is to find Jobs and opportunities to pay more taxes by their imposition of reformed tax laws. The government wants us to stick being poor or being a working class. Kiyosaki was right, the govt made the poor poorer, and the rich richer. Indeed that The gap between the poor and the rich is financial education accordingly on he said.
There's a thing call company helping other company. For example, Company A can produce Cash Register and sell it to walmart and allow walmart to brand it with walmart logos.
Glad to see you here too! Your book helped me change my mindset. And after 4 years of savings i made my first investment. Looking forward to learn more about this! Thank you for your time and informations!
IF they ignore these valuable lessons. Coming from a lower middle class family in India( almost poverty level ) I have always seen people complain about rich people but never seen anyone trying to improve their situation.
Your intellectual properties. I guarantee you either write or have written more than a dozen birthday greetings. Greeting card companies pay for your work. Oatmealstudios.com is one of many. Take that income and research companies that open to a limited partnership deal, a silent investor who will be paid no-quarterly, quarterly or yearly income you don't even have to work for. Take your time and research and please, be ultra patient. Develope the habit of doing this just as most people routinely go out to the bar, restaurants and other places weekly while complaing about not making enough money from that job they hate.
![Fake Money Is Making You Poorer! Why Savers are LOSERS - Robert Kiyosaki [ Millennial Money ]](http://i.ytimg.com/vi/yR0B8Y31CIk/mqdefault.jpg)
I’m 15, knowing this stuff now is absolutely incredible and I hope to start investing in real estate in my early 20’s
Lucky Guy
Im 16 and have the same goal as u. Im planning to invest on stock market in my 18.
Random dude with a hotdog same bro same goal!
@@randomdudewithahotdog2626
I m also 16 and I have savings 😊
Seby S ; bud. Keeping looking sharp out in the marketplace. Read Robert Kiyosaki’s “The Business of The 21st Century.” And more than once. Like over and over. Lmk if it makes sense.
“Passive Income,” yes. Investing into your mindset starts now.
Wealthy people are always looking for ways to use their surplus income to acquire more income generating assets. This is cycle of positive reinforcement.
Can't I just skip all that stuff and sell how to get rich books?
just kidding ;-)
investors should not be held accountable for a greedy system.
yup, its calls con artist, bets example, the BAIL OUT...no one who earned passive income cared if yo grandpa starved, its business as usual and part of been rich...
Oh yes!
@Douglas Wayne
They were supposed to teach you this in grade school. If it takes 500 manhours to make a shack and each manhour is 10 dollars, how many dollars does it take to buy the shack?
Greed is stealing that shack from the people who built it because you read the communist manifesto in high school.
My man. Im halfway through "Why A Students Work For C Students" its a great read
Leath3r read enlightment now or something like that
Im reading it to man its life changing
Leath3r I seriously need that book
Thx for the book tip, I’m going to search for this book and books alike today!! Robert is amazing 🙏🏿😇
I’m the C student 😂 😉
Skipping the negative comments , shout out to the open minded people we all going to make it one day 💯 stay humble
Sergio Saldana love this comment! 🤍
Sergio Saldana ✊🏽✊🏽✊🏽💪🏽
Ahuevo
Kyiosaki Lifestyle midnight learning 🙏
If you understand tax and debt you’ll be super wealthy in this financial system.
CPAs exist and will take care of the tax issues for you, you can even deduct their fee
@@ljohns9143 very true
I'm almost 30.. I have a stocks portfolio but I wish I could go back in time knowing what I know now. Not once have I used algebra, needed to speak French or needed to know about different religions since I left school. That may not be the case for all of us but personal finance is a skill everyone needs after school, and it should be taught!
If we teach them how to build a life time monthly residual income they can be financially free for ever.
Good evening Robert Kiyosaki. I have a high degree of love and respect for you Mr. You are a phenomenal Entrepreneur and mentor. I read your book titled the Business of the 21st Century and that book change my entire life and more importantly my mindset about how money works. You are a master and expert in your field. You and your wife are incredible legends and I resolve to adapt those temperaments that make you and your wife the exceptional leaders whom you are today. Thanks a million.
Julian Fullerton
Search this on RUclips
BANKING, The greatest scam on Earth
Beautiful
@@gretawilliams8799 Your feelings about the banks are going to keep you poor. You need to learn more from Robert. You'll learn that you can use banks to make you money. Scammers or not, you have to let that feelings go. You have to work with these banks to get a "good debt" so you can get a passive income using their money. Don't give up!
@@ducrogers302 Little mistake in your life and one day you should give to banks all your money, assets etc. Than more bank debt give you, the more you are in the web of banking system as a bank hostage, a credit slave.
I am currently at my "earned income" job and watching this because my goal is to become financially free so that I don't depend on earned income. Thank you, Mr. Kiyosaki, for this education.
@The Rich Dad Channel Okay, will do. Thank you for responding.
@The Rich Dad Channel I have been looking into Bitcoin. This is a confirmation.
@@josh2bless697 theyre trying to scam you
@@googleaccount6931 too late
Sometimes I really wondered how people make this huge profits investing on the stock market online, I agreed with you investing and earning is a legitimate way to gain financial freedom, but how is it done?
When discussing crypto diversification frequently asked question is whether diversification is even possible
Understanding the various phases is critical because it can assist you in preparing and forecasting future price movements
Cryptocurrency is a very good option if you would like to trade online
@@charleslapson4939
Please enlighten me more about online trade, I need it now
I have Mrs Laura Jasmine if you want to trade online
There are two type of eyes side
1: E, S = (E) is employed (S) is small business, self employed or specialist
2: B, i, = (B) is big business, 500 employed or more and (i) is professional investors
I wanna be in B and i
I know it will take time and they are the hardest
And money🤑🤑
And the most people make mistake is they focused in E and S
Cause they say (i want to do what i love)
You see, in real life sometimes you have to do what you hate, it's not the passion, it's the purpose in life
And my purpose is to get B and S
And most people are trapped in E and i cause they are doing what they love not the purpose they want
Most people say they want to do what they love and it's fine if they are fine being in E and i
*Considering the economic downfall and the rise in poverty across the globe. I ask; What’s the best way to achieve financial freedom?*
This is the best question of the year. I pray you get the right answer here.
If I could ask; who’s your financial Adviser and how do I gain more info?
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.
Ive learned about you back in 2003 and have not yet acquired anything you have taught. I was stuck on trying to survive with a slave mentality. I tried to build a carpet cleaning business from working in one and failed. Did not know there are over 60 carpet cleaning companies in the area. Now i am reaching back out to you to learn to be financially free. It gonna be a tough road because i am 44 years old.
F Gordon I’m late to your comment but Now is one of the best times to be an entrepreneur/business owner. Your social media presence and utilizing digital marketing is what will make you stand out and separate you from the other carpet cleaning companies. I greatly suggest you study on how to create Facebook, RUclips, and Instagram adds. Also learn what kind of content to post for a small business on social media platforms.
So you opened a business without any research? well, you should be happy, you just learned a lesson, don’t open a business without researching the area, the market, competition, in your case, the % of properties that uses carpet etc...
Keep going F Gordon, keep digging you will strike oil soon. Time will move anyway, whether you do it or not, you're still young.
How you doin bro?
Investing in hard assets is what he teaches.
I get it.
"You wanna work for the right type of income, but not for money"
good!
1:05 “3 types of laxonat”
Literally the first eye opening lesson I learned from RDPD over a decade ago. It helped me escape the rat race in my 20s.
Hired a great accountant and put together a tax and investment strategy. When you think about it, the government is taking ~35% (state and federal) of every paycheck, plus sales and property taxes - it's insane how you only really keep half your income.
Weird thing...I enjoy listening to him, but whenever she talks I get a weird brainwashed vibe like a robot repeating everything he said. I like Robert tho
Seconded
shes cute so i dont care
Its a girl thing. You are subconsciously extremely jealous of her.....its ok
I agree. It feels like she's kind of advertising for the company.
Deedee Mireya well, she is his student and is also advertising...
I wanna get into real estate but 3D printing is going to change the game! Print a 300k house for 10k! Just wait and watch.
Its not gonna happen soon, at least 10 more years
You probably don’t know about 3-D printing.
your vision of real estate is fantastic maby it is not possible today but the idea is amazing, i read the comments and they made me laugh, what they dont realise that the companies in real estate do diffrent tasks, there is the land owners the builders ect.. your idea can change everything but for sure it is not an easy one,
Yeah you are right. Also more and more people become lived in the "House on wheels". You can travelling and don't pay for land. Real estates it's 20 century income. Wait 2-4 years and all real estate will be cheaper and cheaper....3d printing and robots change the world. Sorry for my English.)
I invested in internet, websites, advertisments 20 000$ and get 800$ per month cashflow passive income. Than I invested in the real estate 50 000$ and get ATENTION 400$ per month cashflow passive income. Feel the difference.
That girl has no idea what she's saying or why she's there
That’s most of us, most all the time...
It is still lot better than sitting in a classroom!!
cuz she's pretty
@@BboyDaquackShe is an intern, she is young and learning, she will get there eventually
What makes you say that?
मैं आपकी इज्जत करता था मगर हम इतने गरीब भी न र हे की मा बाप को libelity समझे ..
How do you get the income in the first place to move into real estate or buy stocks etc.. without having a job to start with
Start a small business, like mowing lawns etc. at least that's what I'm seeing in 'Rich Dad, Poor Dad for Teens'. Just ordered it so that's based on a preview, was looking for this answer myself.
Get a job with less expenses meaning save your most money if you spend the majority of your money you will be a salves of your expenses so the key to not spend more than 25% of your income
You should start saving early on, people think they can go from 0 to 100 overnight. Fact is you save 1 then 2 then 5 then 10...til you get 100
People I want you to understand something. The rich write the rules of the game in our country USA capitalism is the game and Robert is showing you how the game works. Our government replaced imperialism and colonialism with capitalism. Now that he has taught us the game we all see how it is economic slavery. He basically teaching be the business owner because that a free man in our society but it takes time to build a big business. Money is equal freedom, the only way you can free up your time is by creating a business that can make you money and pay your expenses without you physically working. No money is truly passive but the whole game of capitalism is based off making money on the labor of others who work for you in exchange for money. Their only two solutions you either make your company a worker co-op or you start a revolution and get rid of the system entirely.
I know Robert's secret, but can't share it or I may be in trouble. =|
Truth is, nobody will ever tell you the truth about wealth creation and manipulation, only you can find it.
What's that secret? Give some clue at least
thank Robert Kiyozaki..you change my life when i read your books “Rich Dad , Poor Dad,”
great help to me my mindset in life..
Me too, his book changed my life
Dear Robert
Many years back I attended a church session and after I came back I noticed your book Rich Dad Poor Dad.
I read it and it had a lot of the answers to many pressing questions.
I thank God for it.
Iam not rich ,by no means but at least I have the knowledge and that's what really matters
Regards
I suggest the channel manager to number the videos in chronological order, and make a bundle list.
Yeah really
I like those cool blue glasses.
You’re an awesome dad , I educate my wife and we educate our children. My parents never taught me when I was younger and asked about how to make money they told me I was too young and I don’t need to worry I’m just a kid. But as an adult I own rental properties and teach my children not to work for money but buy investments to pay for the things you want because after the item is paid for they will still make money from their investments. They see what I do and this is normal to them, seeing me buy properties and putting checks in my credit union. Investment properties have freed up my time where I retired early from my JOB and in turn I have more time to find more properties that make sense to purchase. Life is exciting now. Time with my family, security, priceless
Many people only use the left side of their brain. Creativity comes from the right side of our brains.
And alot of people dont recognize BS....lol
True story .. I was in the middle of buying my first home for 350k .. looking at 1600 a month payments .. this was in the middle of the housing boom in Ireland .. an retired financial detective whom I met in hospital warned me not to go thru with the sale that he had inside information from his old colleagues that an Irish bank was going to bring the country down .. he wouldn’t tell me which bank , I had no idea.. I cancelled the sale & took his advice at the disgust of my parents .. few months later , Anglo Ireland went bust & Ireland had to receive a massive bailout from Europe .. that house I was going to buy and be in massive debt and misery for my life was on the market after the crash for 150k .. I was extremely lucky..
You had good luck and good timing to not do it. Good thing you knew that guy
Bob Ben it was by pure chance I met him , he was in a hospital ward with me and we got chatting . Many people got caught and are in massive negative equity
Now we need examples.
Dea Lenihan looking good 🌷
the bail out, taxing the poor, raising money for a cause and laundering it, creating a clinton foundation tax free formed LTD, just a few examples., taking bribes from politicians to start wars, blue chip investments such as the military industrial complex, weaopons, bio weapons and mind control agents, poisoning the public and feeding them dung fro mbill gates machine, some even sterilize the poor to keep them metrosexual., working for the wrong side of the law, rich in cash and some love.
Same bro I’m learning to trade forex with a network marketing company & this is best way to get rich fast with a small risk ratio
@@firasmegrahi8587 i wanna talk to you!!
@ so really all you need to do is act like you have all the answers and word it in such a way that it sounds like you do and it sounds like you're gonna share those secrets, but never reveal them. I knew that those damn seminars for learning real estate and crap had to be total b.s.
By the way, if it was easy, everyone would be doing it just like Uber/Lyft (it was easy and now everyone's doing it but not making money because it's oversaturated now)...
Also, if it sounds too good to be true, it likely is just that.... Too good to be true ...
Make your money in the big cities and then retire in the country side. Simple.
Idiot
I always love your knowlege and advice Robert. You are a gem sir!
First you get the money then you get the assets then you get the liabilities then you get Alexandra
In this world all you got is assets
The world is one big asset Chico
the worst part is, you never hear from the 100s of failed entrepreneurs so your mindset is always skewed
Plzdontattack quitters never win, and fighters never give up. Read the story behind Colonel Sanders and KFC if you don't think every person could pursue and succeed in entrepreneurship if they are committed and believe they can. 99% of success is mindset, not ability.
hard work pays off, you gotta work hard for what you want
who knows the actual numbers and success rate, we need charts etc
Entrepreneurs don't fail.
@@coriewo7068: Work SMART, not just hard! A donkey works HARD.
BIG Issue: Tax is the method which is used to FAIRLY proportion the amount of money taken from each person to help the country pay for the "cost" of living in that country. It is there to support the system - it does not make anyone rich as the requirements of the country and the capitalist process used to run the country usually mean the money is used to pay off a deficit. Tax is a responsibility of every citizen that wishes to see their country not go broke, and to see an example of people being irresponsible in that area, just research Greek economy over the last 70yrs.
You need school drop outs to create employments for the graduates.
I hope at least one young adult or anyone can read this. I was to inherit a house from a dead beat dad who was never in our lives and never paid child support. It would've been the only asset I'd ever have to invest in. Like many college grads, I've been poor with nothing but a little savings. I hustle for a living in an industry that no one ever would go to school for would want to.
This house that I "was" to inherit actually belonged to my our uncle who was once a LA doctor right up until he died of a stroke or something of that nature in 2017. In 2018 my father ended up getting stage 4 cancer but was supposed to get all assets from his dead brother since he had no will himself by the time he died in 2017. Our father had no real assets for himself other than a "mortgage." Initially in our father's will my sister was to receive a small trailer in AK that was also owned by our late uncle. I felt bad for her since she was the only one among myself and our mother whoever had any kind of relationship with this guy. I told her I'd share everything with her, she texted back to me "Ok." She would even tell me that "we deserve that money...."
In Dec of 2018, I ended up ruminating over feelings over my mother being by herself in taking care of myself and my sister. So...basically in Dec 2018, for some unGodly crazy reason, I cursed and berated my dead beat dad out via text. I didn't even care about my part in the will. In Feb 2019, my father amended his will and thus gave the house to my sister. In Feb 2019, I flew from NYC and went to care for our mother who just got out of back surgery in GA. My sister would then tell me that I was out of our father's will and that I didn't deserve that money. In a few days after my visit, my mother would die in front of me and my nephew a few days later while my sister had been going to FL to see her "daddy" and was about to take a cruise w/ one her daughters. I couldn't effing believe it. My mom was dead. Our father would die exactly a month later. I'd later learn that my sister had my mother sign everything over to her on the day of her surgery 2/7/19...even if my youngest nephew was supposed to inherit one of my mom's properties. My point isn't about having a sociopath for a sister who constantly depended on and manipulated and stole money from our mother and tried to scheme money from a dead beat dad who didn't even like her. My point is: kiss as much butt...even if it's your dead beat parent. For me, I am doomed. I'm doomed to poverty and to death by poverty. It's a pathetic, poor person's mentality as mention by Mr. Kiyosaki, sure....but I am 47 y/o with an OCD that conquered me and gave me this pathetic mentality. I let my issues rule my world, my life and my independence. Young people, take this man's advice: Do whatever you can to become independent (w/o becoming a prostitute or hurting others) and then do what you love later. Second point: DO IT NOW.
Sorry that you lost the house. Don't give up.
Can you please do a more in depth lesson explaining how you get money from the four different assets. Most interested in way you use your business to get income without being taxed?
Adam De Caul why Take advise from him on business his company went bankrupt
If you think that declaring bankruptcy means he isn't educated and experienced in business and financial concepts then you have a lot of ground to cover before you can start trying to critique his capabilities. He is an extremely wise man, especially in the financial realms.
+Spencer Kraus well said sir
Adam De Caul put the profit in real estate
That’s what im about to do in a couple of months
This guy is really smart i got 2 give it 2 him. He has been brought up well but if u look at this way. I am a father and i have children i do work for a pay check and i dont care. I provide for my family and i do it well. If you think about it he is rich because he cheats the system which is smart. I wud have 2 disagree with him in 1 of his videos he said that is ur poor alot of them say i cant afford that he said i can get woteva he wants good for him but i have everything i want as my family. He does say in 1 of is video iswell poor say money is evil it is true coz i have seen it as its split up familys and all. I got say i love bing poor as he says coz i have a job and get a paycheck but i am more richer than any1 else coz i got my family and very happy that is wot i teach my kids and always will. I aint saying wot he is saying is wrong he has dun well for cheating the system but i think sum parts r. POOR PERSON HERE THAT IS VERY HAPPY. If u wanna do wot he says in the video good 4 u And it is gd he is teaching others for this like his rich dad taught him
Is it just me or is it that he actually keeps on repeating himself over the course of his videos without actually offering any new insights? I have seen almost all of the videos on millennial education and honestly I couldn't tell one from the other were it not for the titles. Yes, on some occasions h'e draw or write something to make it look like new information but effectively its the same content just placed differently through the course of the video. Thoughts?
Yes you are right. He doesn't go to specifics, which means he leaves an opportunity for someone to write a better book.. :)
love it but surely they didn't have to film behind a green screen to achieve a boardroom effect
Are you nuts! Are you nuts? Thanks Beautiful information.
Omgs so good love this.. It's like its in the back of my head and I've been scratching til some thing came out snd you finally knocked me into sense! I love you Robert!! My father's name of course too.. I read rich dad poor dad many years ago and still have the same book. All u and Trump thinking both gets me really fired up.. i've always known I've never wanted to work for a pay check always wondering how the big companies succeeds. My ex boyfriend owns a mechanical shop he can make any machine and has a very detailed mind in coming up with solutions but its so broke because he under values himself. I'm talking about, machine any where from $15.000-80.000 but he will get the machine in top materials and see the job done right. But giving himself what the labor and drafted CAD drawings use is at 1/3 I'd what other specialist machist would change. Not only does he have his business, but now he owns a few rents in IL. Some how is always broke and different fing have your own?
Ain't that some shit though? You have to pay for other classes to learn about these things, but at least we are learning something here. Saving is not easy. But that's not what Mr. Kiyosaki is teaching, he is teaching what you can do to get somewhere. Tony Robbins teaches how to save in a way where the concept is the same. Make money work for you. Pick a number to automatically deposit into your savings for a future investment, but only work with what you have left. So far, so good. But I'm not rich yet. I just learned how to really be strict with my money. Discipline.
Awesome lesson Robert!
THANK YOU SO MUCH FOR SHARING 🔥
"Working Class DNA"
thank you Robert, you were the inspiration for my RUclips Channel 🙏🙏🙏
I love all these videos, it’s to late for me but I can hopefully help point my grown up kids in the right direction , there young and I really think they can make it to the best of there abilities. Thank you for sharing these videos .
You said that if you buy your house for $100k and sell it for $200k, you will have to pay 100k in capital gains. That depends. If you have lived in your residence for two of the past five years, you will qualify for the capital gains exclusion. $500k for joint filers and $250k for single filers so in either scenario, you wouldn't have to pay capital gains from the example you used
He doesn't no that wants 2 put shit on it
U right
It just flows out his mouth with ease property gold silver oil wells every thing of value where's the I r s when you were acid u made all this up but he believes it
It's really sad so many believe him
good stuff enjoyed the 2 cents
Stop commenting about the girl guys...we are here for money..😂😂
Am I stupid?
I understand that we poor makes other people rich.
We pay for junk food daily. To make them rich
Year-over-year inflation stood at 6.5% in December 2022-the lowest that figure has been in more than a year. Inflation was in line with what economists expected and gave many of them a reason to believe that the peak of inflation may be behind us. I have approximately $150k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?
I would like to know some of the outside class courses that one can take to better their financial knowledge
Same!
If you shouldn't put your money in a 401K, where do you put it? What is the best way to use the money you work for?
the problem with what he is teaching is it works great for the individual who is willing to take some risk and make informed decisions like he did. BUT think if EVERYONE did this in our society, this would not work and the whole thing will fall apart - just imagine if everyone had rental properties outside of their primary residence, who the hell is going to rent it then? I know it's hypothetical but.. it's not sustainable if we were to care about every individual in our society. It is a similar problem with automation/owning automation, it only works if a select few has them, if everyone had them, well... there would be abundance but nobody will "make money" off of it (just think dollar store but now applied to just about every product/service). It's good to be smart about money but I do think we need to start thinking about these things for humanity as a collective rather than for few % of the population who had access to information/technology/wealth/etc. We need to start thinking about how we can all live well and not leave some % of the population behind by taking advantage of their labor. I appreciate that Robert Kiyasaki cares about millennials and tries to help them by sharing what he knows, but we need more leaders that can go even beyond this and really tackle systemic problems that are deep rooted in our culture - a culture that only cares about individual successes and wealth. This will take time and no easy task..
He said he's 600 Million Dollars in Debt..
does he let it continue
keep it at a number in which he can come back from... ?
do he let the Debt reach a certain number then file Bankrupt ?
So how do I start "passive income"?
Rafael Lopez buying assets instead of liabilities, want an example ?
I started with vending machines, you know the ones you put a quarter and it gives you candy.
I work to earn money a paycheck and save as much as i could, instead of spending that money on clothes or new phone or drinks at the bar (liabilities) I bought a couple machines and put them at barber shops and laundry places. Those machines generated money for me regardless if i was there or not, eventually that money paid back what I spend on those machines.
After that it was all profit, every 2 weeks i went and collected all the quarters and bought more candy and refill to keep money coming in, ones you start making profit you save it and buy more machines that will generate more money.
Then you can eventually invest in stocks or bonds or both. Smart choices start with small amounts, be patient and aim for long term profits, then real state, if you happen to successfully run a business that earns you decent money to invest then buy real state, if not make sure you build goof credit and can get a loan on very low interest
Thats what i did, im working on a loan at the moment to get my first real state property if you can avoid taking a loan by all means, but for me i will take the risk
How does 1:00 say "income", more like "1aconaet" whatever that means :/
a is n, na is m and et is e,
I have supported your views for years Today in the UK its hard to make it work The Govt is Taxing Investment property
I'm started to realize the last part which is ' don't work for money. Work for types of income'. It teached me about we should not work as a slave for money but we should work to gain and grow the money
i'm sorry, but to me she leaves the impression of the person who only memorizes the right answer.
In my country it is different: earned AND passive have highest taxes (the same level); portfolio is less taxed
That's how it should be. This is literally earned income. It shouldn't be incentived to pay 0 in taxes. He's right about one thing tho. The rich make the rules and when they do they wrote them for their own benefit and screw everyone else
Kind of contradictory.. saying not to be an employee and then make more and more people work under you.. unbalanced equation
There realy nice OPTICAL ILLUSION jn 8:12 with glasses !)))
so basically, u will be rich if u dont pay taxes? investing requires money.. how would you earn that? if u use collateral and borrow money, u still have to pay it back with interest. he claims to have 6000-7000 properties.. i have 3 properties and i have issues with tenants from time to time. imagine the issues he has to deal with.. he is doing this to sell his books and get booked for seminars
Get a high-paying career! And have more than 1stream of income!
Hire a great prop management co. ! ;)
I've been wanting someone to explain this to me like this.
Namaste Mr.Robert iam a big fan of yours....iam a beginner in financial learning and very happy to learn from you. You tell everything in a very simple , easy to understand manner and that's the best part of your teaching. Please give some tips on investing in shares as many people like me are very new to investment. I am Keen and looking forward for your videos.
Never ask someone for tips for investment in stock market.
I am also currently learning about stock market and other different avenues for becoming financially free before my 30's. And as far as I have learnt financial education refers to the discussion about cash flow. Not asking for advice or tip about a particular stock or mutual fund. If you want a tip you can ask about the moats and competitive advantages of that particular stock or company but never ever ask for advices for investing. (Because then it will not be investing , it would be speculation). Hope that makes sense to you🙂
You don't seem to know robert.. He doesn't invest in shares.. Invest in Real estate, business and commodities
These may be targeted to millennials, but I’m older and I’m learning a lot. If I had known this when I was young!
She has very good accent.
Accent??
She is sexy
This is complete truth some will relate and adapt and others will decline and delete.
I agree with his point about Krok being in the real estate business...but he also was in the theft business. Ray Krok didn't start McDonalds. He stole the business from the naive McDonalds brothers. I think it's important to teach the whole story not just part of it. Krok could've still been rich or shared fair value of his profits with the McDonalds brothers but didnt'. Integrity should be taught in any business class.
I agree with his general approach - assets not liabilities. However, it irritates me that the rich want to avoid paying tax. People don't want to pay tax but expect an ambulance to turn up in an emergency and for the NHS to pay for their health care (UK) and roads maintained, nice parks, bins collected, etc. So who will pay for that if we all try to avoid paying tax? Scandinavian countries pay a lot of tax but they get a lot back out of the system - great maternity pay, free/subsidised education and childcare. They top happiness surveys.
Robert what a dive Do you have for disabled women that didn't work enough into ssi
Business,Real estate, commodity
I thought it said, "laconAT."
I wish I knew this earlier in life...
New perspective on my homeland completely. Ive always listened to my poor folks bitch about the rich and the govt and how its not fair but... whats more fair than a guaranteed wage for those who give minimal effort? While those who take risks and strive harder, can go to work all day and make nothing? Jobs are just starting points. Not ending points. I work for a check. For now. But ill be investing that money into an asset. I will create my own business, I will automate it, and I will quit working for a paycheck. Use ur tools wisely, friends. The universe rewards action, not mediocrity
Thats why i realized why Marx critiqued Capitalism in 4 volumes maybe because Marx unfortunately didnt got the idea of financial Education during the industrial revolution. However, these educated ones preferred Socialism or Communism in a way what the government can do to provide needs for the common good, the bourgeosie and proles. But they didnt know to the fact that the government wants them to become a working class eternally, so that they could pay more taxes, loans, and social security insurances. They work for money and become subjects of their salaries, slaves of their money, perpetuating protests against the govt. While the ventured capitalist and the wealthy risked everything to become entrepreneurs and rich because of their mindset. Life is unfair really if youre enslaved with your mindset.
Its not our fault whether we become enslaved or blame our material culture or social environment. Time to wake up! We should change our Mindset to become Rich.
What are some examples of reliable passive income?
Oh that's Robert's daughter?
Somebody has to work though.
Yes. That's what I would ask to Robert and doesn't quite fit with the concept. I mean, If everyone would think and act like a real estate investor and having passive income, then we wouldn't have workers, doctors, lawyers, school, etc. I do think though that this kind of approach is based if you WANT to be rich and the "philosophy" to look at if you really want to be rich in your buisness. It's a way of thinking more than a rule to follow strictly. Obviously you can live a good life if you FEEL good in doing what you love to do, and this kind of "way" of thinking may help even those people who actually work for money. By nature we are not the same, the ones who invest moneys in activities will always put others, which are not maybe as smart but at least good (or exceptional) people, under their wings as employee. Actually even Robert needs a doctor for his finger. Anyway I'm not sure if that's the real meaning of that lesson and I'd ask mr. Robert about that, but sounds logical to me. Hope my english was good enough!
You got the right idea on the separation of the motive and the actions. As you said, Robert provides insight on how to get rich IF you want to be rich. But remember, most doctors, whether they are rich aren't in it for the money. They want to save people. Even if most are in it for the money, they still saved people. The twist, as Roberts lesson provides here is: If you so want to be a doctor, don't you want to be a rich doctor? So you can save more people? You see?
If Bill Gates never had Microsoft, he could never save as many people as he today. There's nothing stopping you from being a plumber AFTER you got rich if you so desire. The problem with most of us is, we feel like we're being forced to do plumbings.
That's where his lesson can save you. Get rich, then get back to plumbing. It will be funner and you probably would do a better job even.
I quit my job 6 years ago doing what I was good at, but what I didn't like. Now I am self-employed doing what I like. My earned income didn't change. I am in no position to touch the other 2 types of income yet. But I know if I work hard at what I am doing currently, I might have a chance. If I didn't quit, I have no chance. Simple as that.
Tiziano Natale some people like to work,regardless if they get the short end of the stick
bronney great analogy
Tiziano Natale Satistics. Some people simply will not apply themselves and make the right choices financially. For example, some people rather smoke a pack a day rather than invest that money.
I don't get it. If the government is only taxing the guys who are having "earned income", more people will resort to "passive income". So essentially, less people would be interested to study to become doctors, engineers, scientists, etc. It's like the government is aiming for quick wealth through entrepreneurs without thinking about longevity of the nation as a whole.
we should not wait what the government provide for us even though the ideal of the government is to serve the welfare of the People, but the irony of that 'welfare' is to find Jobs and opportunities to pay more taxes by their imposition of reformed tax laws. The government wants us to stick being poor or being a working class. Kiyosaki was right, the govt made the poor poorer, and the rich richer. Indeed that The gap between the poor and the rich is financial education accordingly on he said.
She sounds like a student with special needs. This man is very smart financially but she destroyed every video he has..I'm done
is about that shee looks good for audience is perfect
So who works if everyone had a company?
Somebody
Not every body has the audacity to own a company!!!!
There's a thing call company helping other company. For example, Company A can produce Cash Register and sell it to walmart and allow walmart to brand it with walmart logos.
Realistically that will never happen, so your question is irrelevant!🤔
Mark Emerson Its like asking: What if everyone turned vegan. It'll never happen.
its funny because everytime i ask someone about investing in real estate i guess they cant comprehend it but they always bring up stocks and bonds lol
Robert, I have learned a lot from you for long time. It seems like you keep saying same thing over and over again. Any new lesson?
boon han are you a millionaire yet?
superannuation is taxed at 15% , not the highest
I would like to thank you. I read Rich Dad poor Dad. It changed my life. Realestate has been my most successful passive income thus far.
Robert sir please change the background ..
You'll never succeed if you work for 💰😏
I love that Girl
Glad to see you here too! Your book helped me change my mindset. And after 4 years of savings i made my first investment. Looking forward to learn more about this! Thank you for your time and informations!
Well.. One thing I must say.. Rich people have good teeth to show.
Those who inherited middle (and lower) class DNA must work TWICE as hard as everyone else. BINGO. 👏🏽
IF they ignore these valuable lessons.
Coming from a lower middle class family in India( almost poverty level ) I have always seen people complain about rich people but never seen anyone trying to improve their situation.
Whats an entry-level asset someone could get into to begin the snowball effect of passive income?
Your intellectual properties. I guarantee you either write or have written more than a dozen birthday greetings. Greeting card companies pay for your work. Oatmealstudios.com is one of many. Take that income and research companies that open to a limited partnership deal, a silent investor who will be paid no-quarterly, quarterly or yearly income you don't even have to work for. Take your time and research and please, be ultra patient. Develope the habit of doing this just as most people routinely go out to the bar, restaurants and other places weekly while complaing about not making enough money from that job they hate.