Why the Rich are Getting Richer | Robert Kiyosaki | TEDxUCSD
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- Опубликовано: 20 июл 2016
- Robert Kiyosaki is an entrepreneur and the author of “Rich Dad Poor Dad”, the #1 bestselling personal finance book of all time. In his talk, he discusses the power of financial education and how it relates to income inequality.
Best known as the author of Rich Dad Poor Dad, Robert Kiyosaki has challenged and changed the way tens of millions of people around the world think about money. He is an entrepreneur, educator, and investor who believes the world needs more entrepreneurs.With perspectives on money and investing that often contradict conventional wisdom, Robert has earned an international reputation for straight talk, irreverence, and courage and has become a passionate and outspoken advocate for financial education.
This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at ted.com/tedx
Even when giving a Ted Talk, Robert Kiyosaki is selling his own products. That's the business mentality!
It would be stupid if he didn't..
i was actually hoping he would stop selling his products, for once...
Considering what you get out of his products that's not a bad thing. He tried to make it really obvious that through his books and board game he is helping people. If he believes that his products help people then he would be irresponsible not to suggest them.
Half people in the ted talk just selling they product
Иггр Смирнов can't argue with that
He spoke so much truth that they had to stop inviting him back.
This whole talk is a cheap tactic to keep Kiyosaki relevant to a new generation and keep his revenue stream churning from 2000. There was NO big crash in 2016. He didn't really predict one for 2016 anyway - despite what he says here. We had Huge crashes in 2001, 2008, and 2020 - and the US economy completely recovered every time - just like it has done throughout the course of American history. This whole talk is a shameless plug for his books.
@@TWN321 Ever read his book?? DO u even know that the central banks and feds are printing fake money or fiat money and ruining the lives of people who dont have financial literacy
atleast he is trying to do good and educate people ...He aint gonna loose anything you are gonna lose if u dont take his words seriously.
@@ashwinsingh5805 I read ALL of his books... when they came out in 2000 and the years since. A lot of it was truth, a lot of it was filler to sell units. Now 20 years later he's coming back out with the same format as he plugs all of his books...
@@TWN321 idk if you’ve been paying attention to any financial experts lately but almost everyone agrees that we are in a gigantic asset bubble, just something to keep in mind man idk
@@joemoore1998 yeah… people are always talking about bubbles from 2009/10 all the way through 2020 there were people talking about bubbles…. And whoever believed it missed out on a huge decade long stock market expansion. No one knows when the next crash is going to come. All we know is that the stock market grows about 10% a year. And on average there will be one large decline about every 10 years. That is a historic statistical fact about the stock market.
If you think Robert Kiyosaki's books will have some magical advice that will make you rich you will be disappointed. His books are simply a tool to help people understand what getting rich looks like and how others have done it.
I read his books when I was younger and It changed my life. The way I look at money, government, business, education, and materialism. I have become much more financially responsible as a result.
Unless you are extremely talented, creative, or intelligent you will probably not be on a fast path to riches. For most people gaining wealth is a long journey that requires lots of dedication and self-control. And in that light, I don't think everyone can or should pursue wealth.
deadbutmoving same, i saw the school system different, we are told not to fail when in reality you have to fail to learn from your mistakes and improve your self worth. Surprisingly my Barbor told me about this author when He was cutting my hair and help gained a rich mind and openness to the world we live in,
He said nothing about being magic and easy, he even says that you have to face your fears and spend more than 5 years working in your business that will give you almost nothing at the beggining.
@@ignacio9151 Absolutely right. He mentions it more about you not being scared in making a mistake then it's being naturally gifted.
@@ignacio9151 👏👏👏
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate,
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days
menu is influenced by the live input of the people via an app.
I want to hear this but our government is keeping it on mute.
tru
no really tho wth
Maybe we'll get "illuminated" one day lol. Don't know why I clicked on a Ted talk (again). I keep hoping, I guess. I should have learned by now. I'm just as dumb as I was. They don't work. I want my money back. 🐿
And why does RUclips keep saying "view all replies" when there ARE no more replies?
***** Thank you;)
Mistakes will teach people lessons. In school, you don't learn from your mistakes because after you write the test, you just get a grade, but students aren't required to go follow up and review their exams to see what they did wrong.
One of the things that actually helped me in more ways than one, was after a test I stayed for every single review. Every instructor and professor noticed that I asked questions to understand why I got it wrong. And twice, the instructor either gave me points or credit when I legitimately shouldn't have after turning stuff in late because I had been the only person to put in the effort to understand my mistakes.
>>The market cycle still hasn't met its balance, we keep going round in circles while waiting for that bullish run on a great support. However, in the mean time we could always ignore the market ups and downs and stay fully invested. Big thanks to *ROCHELLE DUNGCA-SCHREIBER* for helping me earned over 17>btc by implementing her methods and following her guides
She is well known for what she does, when you search her name on your browser her web site is like the first thing that pops up..., on there you can find more info about her you can even shoot her a mail
ROCHELLE DUNGCA-SCHREIBER showed me great skills and knowledge about the market since I started trading with her. I enjoy full profits and easy withdrawal with no complaints, trade with the best I say
Honestly, she deserves more acknowledgements, just the same way I was going through comments and i saw this, I gave a try and it was quite overwhelming ever since!
Knowing her has been the greatest thing that has ever happened to me, it turned my life story to a success story. God Bless ROCHELLE DUNGCA-SCHREIBER
Every other TED/TEDx talk I have seen/heard was much louder! Why is this so quiet? He is saying some important stuff! Hmmmmm....
I think the government lower the voice so we can't hear. haha
+bacontrees Putin's fault
I'm a liberal and a huge fan of the Kiyosaki's work. They are talented people and a great resource. I also recommend Barbara Corcoran.
they want to keep u poor
good thing there's accurate in-sync captions.
I can see why he is rich. He knows how to sell.
What do u mean???
He really does haha
well, on his own books he states he worked for xerox to learn how to sell.
@@santiagoperez2094 so, he did not say NO to a paycheck?
@@emremokoko no, he employed himself on xerox to learn how to sell.
"Do not applause, just send the cash", this was a good one.
11:21 Robert Kiyosaki "The Federal Reserve Bank: it's not a bank, it's not federal, there's no reserves, it's not American"
Learn the difference between a liability and assets. Start a business, buy assets, invest, and learn the tax code. This is gold but some people they don't see it. BUT its ok, they can be a worker bee.
exactly, not everyone can handle that pressure. some people unfortunately HAVE to be a zombie
Carlos Flores Carlos "WE" need good employees!
There are good employees all over the place. If you don't treat them like shit you keep them.
My Name Some are good and some just "ACT" well
Thomas Ydell exactly Thomas YOU have to push to be better and THAT'S THE *AMERICAN DREAM*...and the dream of ALL FREE Men(&women)
People that don't like Mr Kiyosaki's work are really either not reading it or having a hard time applying it. Mr Kiyosaki repeats himself a lot for a reason. He is not the one going to provide you with the financial education. He repeats to surround yourself with smarter people to learn, grow and develop. For anyone that has spent a single penny on any college education you understand that education isn't free. Robert doesn't put a gun to anyone's head to buy his material. That's a choice. All you really need from Robert is his first book and to take responsibility for your choices there after. He has also repeatedly said that there are people that will always want to work in trades or for other people. If that's what makes you happy. Happiness is a personal decision. He repeats that being financially wealthy is a side effect of being financially educated and applying that education. If your goal is money or greed than more power to you. He really can't make things more simple to understand. And for those that judge him for not giving them the magic answer on how to be rich, they should continue working for someone else and be happy with that. Take the good, leave the bad. Apply what works for you and move on. Don't hate on the man for doing well for himself and some times being sarcastic or arrogant. He simply is trying to help those that are tired of being sheep to stop that cycle.
I agree
It's been shown that his "rich dad" was a complete fabrication. When confronted, he claimed this fictional person was a composite of several people, and justified his deception by claiming his "rich dad" was just as real to him as Harry Potter is to some people. He lost all credibility with me after that - and TEDx is greatly diminished in my opinion by having him as a speaker.
Mekratrig Do you have a link to the article or video in which you refer to?
Evan Samdahl
I didn't, but the first google hit (ethanvanderbuilt.com/2014/01/20/robert-kiyosaki-scam-artist-yes-opinion/)
provided LOTS of evidence to support my negative impression of Kiyosaki, and includes this quote about halfway down:
"In the February 2003 issue of SmartMoney magazine, Kiyosaki said “Is Harry Potter real? Why don’t you let Rich Dad be a myth, like Harry Potter?” In other words, the entire premise under which Rich Dad, Poor Dad was sold was a complete fabrication."
I strongly urge you to read the whole blog entry.
Evan Samdahl nonsense - the only real info in his books is to hang outside of bankruptcy courts and buy property for nothing from desperate people - the rest is just filler.
BOOM!
Robert Kiyosaki dropping knowledge!
Love his concepts and mentality!
This MUST be taught to everyone!
Just turn up the volume on your computer. Good presentation, always a really switched on person.
I love listening to him... He makes so much sense and makes it so simple. Change your words, change your world!!
The best thing that should be on every wise individual list is investing into different streams of income that don't depend on the government to bring in money especially now the pandemic is hitting the economy pretty hard.
Investment are stepping stone for success. Waiting for the government to provide is a big waste
in order to succeed,
your desire for success should be
greater than your fair for failure,
principles of life are the generous gift
from God thanks a lot
Well said investing is good but investing in the right thing is the actual key to success.
Success in life does not come so easy, is not all about hard work but by investing if we desire to achieve greatness.
The right choice of investment has always been a big problem for me because I know that picking up the wrong investment will leave a big scar in the future...
Feels like I just watched a commercial of Robert Kiyosaki.
THANK you. Thought the same thing.
Because you did.
Rich are rich off of 4 things. Assets, debt, taxes, & well four source income.
True. He has a simple message and it changes little over time. Still, a lot of people won’t hear it, understand it, and apply it.
Invest now, invest wisely 😊
Yes Yovanna, but the problem lies in finding the right channels to invest in.
@@sarahpitman7114 Why don't you invest in the forex market? I make an average of $5600 this way.
@@rolandarmandar6734 Wow that's a lot!
@@rolandarmandar6734 Hello, who's your broker please? I'm interested in knowing how this works.
Forex trading is highly profitable with the help of an account manager .
Great ideas have always been opposed by mediocre minds.
Well Said June Angelo! ; )
Buzz words and slogans have always been embraced by mediocre minds.
Great ideas have always been opposed by mediocre minds.
Facts
His ideas are kind of mediocre
Cindy Alfred some very good ideas are opposed but that sort of logic forbids rejecting bad ideas.
That type of mindset it’s bad because does not allow criticism
It's 2024, I'm here to remind you again that it's not too late to take your investment journey seriously. I struggled for years before I started my crypto journey this time last year. All efforts before that moment felt hopeless and useless. I am here to tell you, it is not. Crypto changed my life.
Spot on. The market presents different opportunities to create passive income, with the right skill and proper understanding you're good to go.
You're right, the best time to buy in the market is when there's fear. A huge part of my growth has also come during this bear market. This last year alone, I have scaled from 150k to over 354k.
How were you able to make that much? Seems like I'm not lucky enough.
I invest in crypto and real estate crowdfunding alongside Olivia Charlotte Oswald.
I'm very much aware of the great benefits of working with a pro but I haven't found one for myself.
Have all the books and love the ideas that this guy has, has changed my way of thinking completely
Robert kiyosaki is revolutionary person. He changed my life. Rich dad poor dad book should be part of syllabus nursery to graduate level
No it shouldn’t. Lol ppl are so pathetic nowadays, any little advice about having a basic practical mindset seems like a gold mine.
@@iamjulian2810 everyone face different circumstances. don't belittle people with your arrogance, because that will be your downfall.
rich dad poor dad is a great book, it'll change your life. Go for it.
I read it in college and definitely changed my life.
True, it really shifts you to another style of thinking
It shows you how the rich think, and how you think. Read it twice.
B edwards - The book discusses that, and you'd have to read the book to see his answers.
B edwards - Just google "Rich dad poor dad pdf"
"Rich guy poor volume"
Poor volume... I couldn't hear anything
same here...but its a very important video
Headphones help. =)
Yeah cant hear a s*it
My headset actually made it worst. At least it made me stay focused in it.
might have something to do with the little hint about the Fed...someone is listening.
Robert Kiyosaki the first author that open my mind.
Same!
I have re-read his books again and again, and they are still as relevant today as when first published. After re-reading his books, I find a more potent message then when I read it the first time. I did move from an E to an S, not much of an improvement, but I am no longer dependent on "someone else" for financial security.
Rich dad poor dad is now my favorite book. Not only am I actually learning but I lowkey just enjoy the story
@R Lopez I mean I do read reap books. 7 highly effective habits - I did love the whole hunger games series- and a few other book series
Kiyosaki is the real American gangster living the American dream. More people should read and listen to his stuff and smarten up.
I love his books. I'm glad I read it when I need it the most.
OMG this is so good. It will never get old!
16:49 Robert Kiyosaki "You don't have to be a rocket scientist to build assets, just buy a couple chickens"
"The government should take care of me!....Its DISGUSTING" hahaha
Robert has so much wisdom to share, glad I found his content. He is blowing the warning alarm for Americans.
Thank you Robert Kiyosaki and TEDx for this priceless financial education. Oh my they should teach this in schools or at most make it a required mandatory class in order to graduate college. Having an excellent financial education makes life soo easy and enjoyable💰💵💸
My hat is off to Robert for making a difference and so openly sharing what he's learned - his books are awesome and i'm going to start playing Cash Flow this week! "How can I afford it" is a quote that when shared, easily opens peoples minds. Thanks Robert!
Robert is a awsome person
"Change your words, change your life" So damn true. I found it is really about developing your own inner dialogue to actually be on your side supporting you through all the rough times vs. that dialogue trying to scare you, put you down or simply not believing or trusting in you to overcome certain challenges. I came out of my most loving and chaotic relationship almost a year ago and was left a total wreck with no self belief whatsoever, no drive to get things done and it was my lowest point that I realized I needed to make a big change. I realized that I was my biggest enemy and it was my relationship with myself that needed the greatest change. That all started to come together when I started changing the words I used with that inner chit chat. Its been a process, but now I've got my drive back for life, more doors are opening for me, incredible people are flowing into my life regularly and I'm more financially stable than I've ever been. I don't believe this is any coincidence. Change your words, change your life!
Also keep in mind how other people's words are meant to CHANGE your perception or DRIVE you in different ways. ZOOM ZOOM. We are confronted with words constantly. It behooves us to dissect them.
People don't even want to think a person's words through, they want someone to come and tell them do exactly this this and this to become wealthy , wait on the second hand I'll make the money for you and give it to you so you don't have to think or work or struggle or do anything
ahahaha true story
Rocket Freeman by by the way Zb759_h
.
Rocket Freeman by by the way Zb759_h
. ashu tosh my life
I can listen to this 100 times and still be amazed.
Beautiful and motivational at the same time! Words have power 🙌🙌
If we're all "entrepreneurs" who will do all the work?
+JE Hoyes.....follow up....if we're all multi millionaires who'll be the thief?
+modern geek I think we only get to choose between dog, hat, car, boot and ship.
The people who:
- don't bother to learn how to build wealth,
-don't learn new in demand skills,
-don't ever attempt to start a business,
-never ask how do I become rich
-get the wrong advice because they are surrounded by other broke people
Most entrepreneurs work MORE than most people 'initially' but they build assets that are worth something more in the long-run. You might work a year without making any money and being ridiculed by people telling you to go get a job. Not every entrepreneur is successful but you should try and find out. If you fail then damn - you are just stuck working for someone else for the rest of your life - until you decide to try again, and again...
so you basically?
Honestly that's not something you have to worry about. Most are either lazy, scared or give up at the first set back.
give you a great example. I am very open with my employees, great group of guys. I can throw ideas at them all day everyday. Not once has someone said "that's a great idea, I think I will do it before he does." I wish they would.
This guy says so much i've been saying for years! I'm staggered how having studied to masters level nobody in all those years financially educated us in.
Regardless of whether you subscribe to Robert's ideas, and I'll grant you some are dubious.. He does highlight one thing correctly, during the first few minutes of the talk, we do have social capitalism where losses are absorbed socially by the poor working schmucks, but the gains are only for the elite few.
And he's also right we are headed for a major stock market correction, thanks to the changing nature of capital, technology and geopolitical circumstances.. . My take away buckle-in the next few years are going to be a wild economic ride.
Wow, great talk by Mr. Kiyosaki! So glad to see him open like this o his life, to his philosophy. (i been reading him for years). Thanks for sharing this video.
thank you robert kiyosaki you have helped me turn my financial life around! I've aquired 1 million in tangible assets and I'm 27 years old. by 30 the goal is 5 million. Thanks again mr. kiyosaki.
shut up really,I'm the same age:/
+intajake hahah
Where/what are you buying now? And what is your monthly net cash flow?
+jason onajobi Would you marry me?
+modern geek.. Gold digger
If you bring up monopoly, why not spell out the one obvious lesson: Only one player can win.
Jens Behrendt just an analogy. 89% of millionaires do it through investing in real estate. They’re also part of the 1% Reality is that millions of people are in the “1%,” only 1% of people can accomplish it, not a bridge that can’t be crossed
Who’s to say when the game ends. Will you know? Has it ended yet? Has the winner been crowned? Get in the game, the day is still young.
What does "winning" mean to you? Do you think everyone should be forced to live the same lifestyle given different degrees of self-discipline, interests, skills, passions, and pursuits?
You see the wrong lesson. Monopoly is a game stored in a box. In the real world, the bank is constantly growing, so there can be and are many “winners”. Become one of them.
YESTERDAY I WAS AT A LOW ,BUT TODAY AFTER THIS I,M ON A EXTREME HIGH THANKS FOR THIS VIDEO.
VOLUME PLEEEEEEEEEEASE....I need this seminar
When you want to build a home by yourself, you think just reading book about home, electricity, plumbing ects. You can build your own home? You think just listening him, you can become rich? The answer is experienced
Thanks ROBERT for everything you teach ! I'm getting there. I bought a 3 building appartment with my brother, a condo that I rent to someone, and leaving in a nice appartment that cost me less than my condo. Invested in new online technologies , I traveled around the world, I tried some network marketting, failed, then tried again and finally made it. My dad is an accountant so I really learned how to save money and how to Make Smarter Choices. I'm finally teaching on RUclips ... trying this :) Hope you guyz appreciete the content and get inspired from ROBERT as much as I did
Love this, Robert is more goated thanI thought. He has pure intentions, going against the system in an undeniable way, which isn't too controversial. He wants to help people and liberate them from their fears of money and fears of mistakes
Rich are getting richer because they get bailouts from the public for their mistakes, while the less fortunate, "the poor", do not get bailouts. That's socialism for the rich, capitalism for the poor. Additionally, those from privileged backgrounds also have better education opportunities growing up so have advantages over those who wouldn't know about how to find investors or approach VCs. Yes, the poor can do the same and learn, but many of them are busy trying to survive off their meager paychecks. The rich kids can play with their parents money or sit around and learn about business while their needs are being taken care of. Kiyosaki is a scheister. John Reed did a great expose on Kiyosaki about 15 years ago, I suggest you all look it up.
FYI: This guy has been around at least 20 years giving financial and business advice to millions of people, and yet inequality is getting worse and worse, the middle class has shrunk, homelessness is on the rise, cost of education skyrocketing, and 99% of his followers are still poor.
G.S. Kim No its not because of bailouts. You have to get somewhere to even get a bailout. He explains very well how to get rich. Using cashflow income and good debt. Now every man poor or wealthy can study no one can take that away from you. If you are truely too busy its on you to find a solution. Now about the national debt, financial advice isnt taking away national debt. The printed currencies can only come down in a massive crash. You can prevent yourself from losing all your money when this happens by investing in gold cause that cant loose as much value as printed money.
In a quality isn't even in important factor to look at.
I'm fact, other people getting wealthy or becoming poorer is not important.
The question is whether you are doing better or worse. We don't share incomes.
What a truly outstanding human being you are What a wonderful system to put in place May the world embrace your idea Many blessings to you
He needs people like you because he is a parasite and he feeds on your brain. Yes now go and buy his book .
Fantastic...We have been reading your books for years...Today, I will sit my boys down to watch this seminar...thank you. You are an inspiration for humanity and Americans.
One of the best Ted Talks, one of the most important. Heard about the book but never read it but will definitely now. Thank you.
I will always remember, HOW can I afford it!
Added to my playlist: "Best presentations ever"
While I appreciate Kiyosaki's entrepreneurial cheer-leading this talk has fact-Issues: 1) at 1:28 he says "saving a million dollars will cost you a million dollars" when the quantitative easing he shows costs $500. Not a good start, in fact it's crap. If you have a million dollars you want low inflation not high inflation (so your million dollars is worth a million dollars the next year instead of $850k). This is the trade off between the two (conflicting) goals of the Federal reserve (low inflation and full employment... we've been all aboard for low inflation since 1980). 2) "this (quantitative easing) is one of the reasons for the difference between the gap between rich and poor" no... the reason for the larger gap between rich and poor is offshoring of jobs and the wholesale destruction of collective bargaining... nearly all the negotiating for global trade is done behind closed doors with representative of monolithic corporations representing "we the people". While a global economy is certainly in our interests, the current shape of that economy is only in the interests of the shareholders of those corporations. 3) "the US government tells us poverty has been beaten in America" ..BS the US government says no such thing ... according to the government 13% of Americans are in poverty www.gao.gov/products/GAO-07-344 4) entitlement mentality ... this is a broken record for idiots...the reality is different...poverty literally drains your willpower and intelligence: medium.com/utopia-for-realists/why-do-the-poor-make-such-poor-decisions-f05d84c44f1a#.hmr3z2v56 5) 3:52 "that's why I write and I speak"...no Kiyosaki writes and speaks because he makes money at it...he's a professional shyster...if he believed that a crash of that magnitude was going to happen he would liquidate his real estate holdings....he has not done so. at 4:05 he pretty much lets the cat out of the bag...this is a 20 minute advertisement for his new book, disguised as a Ted talk. The rest of the talk is stories... (75% stories 25% potential fact) Kiyosaki is story teller and a motivator...treat his as such, he will not give you actionable advice.
I agree.
I too agree
Чиний ирээдүйн нууц бол чиний өдөр тутмын тогтмол дадал. Амжилттай хүмүүс өдөр бүр хийдэг, амжилтгүй нэгэн хааяаа хийдэг.
Thank you Sir..you are my financial mentor ..!
made me want to finish rich dad poor dad. motivating. empowering. really puts it all in perspective!
Too less volume for the talk could you fix that please
đón chờ những ca khúc tiếp theo của Phúc, càng nghe càng thích giọng ca của Phúc ❤️
OMG ... Why didnt I came across this earlier. I feel like I was living under a rock until now.
Very interesting and mind changing talk for me. Thankyou for sharing
Really excited to hear what this man predicts to be what is going to be the next market collapse. attending one of his seminars tomorrow.
What did he say!?
Ask him why he lies so much about his record
+Guy Fawkes what does he say and what is it actually? How can we know?
Yes, what did he say!? specifically about a global collapse...
He's been talking for years, that the Baby Boom have to take their money out of the market or else they get taxed, through ERLIASA or some acronym from the 70's. Meaning, right now and every day forward, 10,000 people a day HAVE TO remove money from the stock market. Thus the greatest crash was written in the 1970's and Robert has known this since. Now you need to adjust your way of life and the way to make income, with a global Ponzi scheme added into the pot. Good luck. Go to your local library and get his books/teachings for free. Just saved you $100's. It's also in audio as well so you can listen on the go if you are a busy person. Peace.
Higher Volume please
quit watching the whole video because of it
One of the best TED Talks out there! Because of Cashflow Quadrant and Business of the 21St Century, my wife and I have been free from debt for some time now, and have completely changed our mindset. Thanks Mr. Kiyosaki!
You totally wrong
Robert never said get out of debt because he loves debt
Thank you ...
Except for the low volume :)
There is always something to learn from Kiyosaki
volume is so low..
Not low enough. This guy is awful.
ppsh43 not financially educated ^^
volume is so low, it's Obama's fault!
best Kiyosaki talk ever. straight, sweet, to the point. covers it all, sums it up. now go conquer the world.
Excellent video, but we need money to buy headphones to hear it. ... With headphones the audio is fine.
Excellent talk. One minor point of clarification: a house is an asset if you own it; it's a liability if the bank owns it. People with mortgages are literally living in their own liability. Scary stuff!!
thanks for clearing I was having this doubt when he said this in the video.
No its not. He may not explained this part much more but in his other videos he explained it deeper why its a liability
Its a liability because its not giving you passive income. You are paying bills and monthly dues to sustain it and maintenance or renovation that you need to make. It will only be asset once you sell it or rent it out.
This video was just brought to my attention in my transition process. I just want to thank you Robert for opening my eyes !!! *goes and purchases cashflow*
you could have played that online. That could have turned your money from an expense to an income. xD
It's all about having the right mental approach - thoughts are energy, create positive energy and you will succeed with whatever you focus your mind on (and patience is always needed as well as things happen in the right time and space).
If we had listened to this guy in 2016, we wouldn't have now a coronavirus financial crisis
Hahaha, listening Bill Gates, Warren Buffett and Kiyosaki is the best thing we can do
@@edu_play1058 yeah, although Warren Buffett just sentenced US airlines has he took away all of his assets soo...
Like it or not, Robert tells it like it is when it comes to financial education. You can clearly see that the Class Lines are disappearing... We now see that it's more like the Rich and Poor classes. Great content from Robert as usual!
2:30 "ah! So so security! 😂😂
Outstanding talk/conversation. ALL on point.
Really change your words , change your life and change your mind 👏👏👏
I can remember when I was in grade school I to ask a teacher why aren't we learning about the stock market and money.He just looked at me stun and said why would you want to learn that.
Wow, I've had this book sitting on my book shelf for a few years now. I think it's time to read it.
best thing i learned from him was simplifying the assets v liabilities colum, importance of real estate, defined benefits v defined contribution plans, the philosophies of his rich dad&poor dad......and later on the cash flow quadrant🖒 he dosent teach you how to become rich? but the philosophies, mindset, and principals are worth it. i always asked myself "how can i afford it" when i came accross something i really wanted and the interesting thing about asking yourself "how" is how it sparks alot of creativity and seeks to find a way to either capture the desired object or the feeling owning the object produces *which is what people truly want* or most of the time just the act of asking How and engaging that side of your brain will unlock a whole host of new ideas/concepts thats even more valuable than what you first intended to do lol......or at least that has been my experience 👌 i just assume college is where creativity and optimism go to die which is why it is way more valuable to learn HOW to think as opposed to WHAT to think.......js.
simply and really my life changed after reading RICH DAD POOR DAD.
thank you so much Robert..your awesome.
love forever and ever...
without you I can't imaging my life
I don't think he fully answered the question.
Read his books!!! i think the most important is that if you are an employee you can't let your retirement plan like heritage for your family, but when you are rich you can let all your assets if you want.
Is English your first language? Your response doesn't make sense.
No is not my first lengauge but i think u can understand what i'm trying to mean in my first coment.
No, sorry, it didn't make sense to me.
mysticaltyger2009 I mean that if u die like an employee your family have nothing, but if you die having assets u can let them to your family... that is what makes the difference, & also that in life you live better without having to work obviously
for all the people complaining here ,about the volume, racist joke, etc...take this part what he said" CHANGE YOUR WORDS ,CHANGE YOUR LIFE" .
Jim Rohn said: If you change everything will change for you.
lets start with not making ridiculous comments here about volume,if he is racist or no, that he is not rich as he claims etc...
if we cannot change at least here on youtube how can we expect to do mayor changes in our lives
Thanks Robert, certainly one of the best 'life & business coaches' of this era :-)
Whenever you're presenting on data over 30+ years, you need to use log scales. Aside from this fact, Mr Kiyosaki makes some outstanding points. Inequality is what keeps me up at night!
Robert is the best! Along with Tai Lopez & Grant Cardone
*gary vaynerchuk
Ah... The Boy Named Tail.Tail Lopez. That should be J-Lo's nickname.
Tai is a scammer
+whole27 why do you say that?
Tai Lopez makes me sick I'm so fucking tired of seeing his stupid commercials constantly on youtube. Yeah okay we see the mansion in the background now go fuck yourself in it.
I was -$200,000 in debt when I fell over that Rich Dad book, now 10 years later i'm in the $10 mill plus side, and I own 51 properties with ZERO debt to the banks!!! I didn't learn how to do that in school, this was from what Robert teaches, and others like him. School will NEVER teach you this stuff!!
Sounds like you had a huge income in order to buy income producing assets.
Tom Johnson maybe search his name on google?? Duh
hey Bro after groceries and rent, I am just left with money to buy data pack to watch you tube, read and write comments. can give me little bit money. I just want to eat pizza.
Can you please give me some advises to start business and grow up thank you
Can you please give advises and training to start business
I don't understand why there are so many negative comments about his talk. I think he just gave great advice that could change my way of thinking.
What they don't understand is that being rich is a mindset first, many people just want the money without understanding how the game is played.
I love this guy, I've learned a lot over the years.
We are what we think
True
Your thoughts and actions are the outcomes of your poverty or wealth. Your life , your choice.
damn right "we are the masters of our faith, we are the captains of our souls" and we should move forward (get better)
Yes especially for someone who was born in Africa oh im sure it's that starving childs' fault that he was unfortunate enough to be born in a position where he'll never leave the poverty line.
Insert name here not true brother I understand your pain even I m from India . Country’s struggling with poverty can’t have capital enough to provide its ppl any money for innovation which is true and it sucks
The first time I read Rich Dad Poor Dad everything he said made so much sense. Later I was introduced to his book "The Business of the 21st century", such a great book, I saw things that I could not un-see and I'm thankful someone showed me a business model I could apply this new found information to.
consider the poor quality of the audio of this video, quality matters. is ted trying to shut it out?If is honest, would edit the audio back to something audible.
It occurred to me when I was a freshman in college hearing from professors about finance majors getting trapped in their student loans in the middle of their college careers. The irony there is still hilarious to me.
I learned how to make money on auctions on WOW
imbonnie learning what realm has the best economic advantage to sell my goods was oddly fun
Good ol days
imbonnie same!
me too, also on runescape XD
I'm a virtual millionaire on Ultima Online.
Probably the best TED Talk ever, cause it applies to life and not just mental and verbal masturbation that these talks are just full of!
Love Robert Kiyosaki