3 things that helped me and literally changed my life 1.stopped telling myself ill do it tomorrow 2. read the book whispers of manifestation on borlest. 3. had faith and religion
People who are able to retire early are lucky . I have 15 months till 65 and need to look at calling it quits, my only fear is running out of funds much later, thus keen on investing. What could be the safest possible ways to invest for cashflow, in order to afford lifestyle after retirement?
Not offering any particular advice, but I can assure you that most stocks still have growth potential. Re-distributing is not as hard as many people think it is. Ordinary investors lack the requisite level of diligence, so having a financial advisor on board is usually highly beneficial. In the market, this is how people generate enormous profits.
True. My portfolio was diversified across several markets with the help of a financial planner, and were able to achieve over a million in net profit among high dividend yield equities, ETFs, and bonds. It is vital that you have a variety of exposure, including in firms that are currently generating cash flows.
''Amy Desiree Irish'' a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market
I appreciate this. After curiously searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
I have listened to the book several times, and watched many summaries on RUclips. This is the best one by far I was bummed it was only half. Please finish part 2
Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.
Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.
Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.
That's why I focus on self improvement as it builds my discipline and mentality so I don't make impulse decisions. The people you are talking about dont even care about this, and its a core pillar for success
Cuz people above or The society created the system in the World that most people follows. (Social Media, Influencers, youtube, Cars, Artist, Actors, Etc.) When you got hook or addicted to those you will buy merchandise instead helping yourself.
Curious about the strategies of top investors, I'm seeking guidance on my own investment journey. Holding $545,000 from a home sale, I'm torn between investing in stocks currently or patiently waiting for improved market conditions.
Before capitalizing on market opportunities, it's essential to understand the underlying factors driving your financial progress. Seeking guidance from a seasoned expert can provide valuable insights, mitigate potential pitfalls, and optimize your investment strategy.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1million.
As a grown adult with ADD it’s hard to read and stay focused. Visuals like this are by far the best way for me to learn and understand! Would love more content like this! Thank you🙏🏽
I can suggest to meditate, it's hard ik but the point of meditation is when thoughts arise to ignore them and focus on ur breath. By meditating often u will automate this more and more, u will be able to use this way of putting thoughts away while reading aswell
Most people are stuck with conventional wisdom. If you want to rise above that, find the forbidden books like Success Secrets of the Elite. The hidden knowledge there will blow your mind.
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear that you saved me from huge financial debt with just a small Investment, thank you Jihan Wu you're such a life saver
The information of this video and book has opened my eyes. A severe recession can actually be a good time to buy things in the markets, as long as you're cautious. It can also lead to volatility, which can create opportunities for short-term buying and selling. This is not financial advice, but it's a time when cash might not be the best option.
Right now, it's not smart to make quick decisions just because there are chances available. To figure out how to do well with your money, it's best to have a chat with an experienced investment coach.
@oldcastleswan Thank you for this tip. it was easy to find your FA. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life beause I invested early ahead this time .
The rich Invest in alternative income streams that are independent of the government should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. Stocks, gold, silver, and virtual currencies are still attractive investments at the moment...
I thought about investing in the financial market, I heard that people make millions if you know the tricks of the trade, but I lack good knowledge and a strategy to outperform the market and generate good yields. I have $160,000 but it's hard to bite the bullet and do it.
Having an investment advisor is the best way to go. Based on a direct encounter with a CFP named Kate Elizabeth Amdall, I can say with certainty that their skills are excellent. She helped raise over $580,000 in 18 months from an initially stagnant portfolio of $150,000
What sets top investors apart from the rest? I've got $385K in equity from a home sale and I'm unsure whether to put it into stocks or wait for a more favorable market condition.
A number of individuals downplay the significance of advice until their own emotions become unbearable. A few summers ago, after a drawn-out divorce, I needed a big shove to stay afloat with my company. I located the most qualified adviser after searching for licensed advisors. Despite inflation, she has helped me grow my reserve from $375k to $850k.
She appears to be well-educated and well-read. I ran an onlline search on her name and came across her webslte; thank you for sharing. I sccheduled a caII.
if the idea is to build an income stream to use as complement for retirement, or at any given point if needed, then building a dividend growth portfolio always buying adding to it could be a good and peaceful path. On the long run consistency and perseverance could guaranty the desired income stream goal with little worries
the idea is to Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions.
Well said, with the help of the an investment advi-sor, I diversified my 62K portfolio across many markets and in a matter of months, I was able to produce over 356K in net profit from high dividend yield equities, bonds, and exchange-traded funds (ETFs).
wow massive gains! my partner recently hinted on going same direction.. what did you invest in, and who is your investment advisr please, if you dont mind me asking? in dire need of asset allocation
‘Rachel Sarah Parrish’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@@elsagrace3893 ok so. They didn’t pay my debts What they did was this. They paid everything but each paycheck I would get, it would have to go to them. So in reality, I owed the bank $0 but I owed my parents a bit over $2k But I had a LONG talk with them. My mom and dad used to be in LOADS of debt. My dad now works for google but that’s not the point. They don’t want me like how they were I promised myself as well that I’d never be so dumb again
00:18 Robert Kiyosaki's book 'Rich Dad Poor Dad' teaches important financial lessons. 02:48 Rich Dad Poor Dad by Robert Kiyosaki summary. 03:15 The importance of financial education 03:33 The core principle of Rich Dad Poor Dad is to make your money work for you instead of working for money. 04:17 Financial education is key to escaping the rat race. 05:25 Rich Dad Poor Dad book summary 07:01 Understanding the importance of financial education. 08:35 The book 'Rich Dad Poor Dad' by Robert Kiyosaki provides valuable insights on financial education.
The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.
" It is remarkable how much long term advantage people like us have gotten by trying to be consistently not stupid , instead of trying to be very intelligent."
The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.
I also keep seeing lot's of people testifying about how they make money investing in Stock, Forex and Crypto Trade(Bitcoin) and I wonder why I keep loosing. Can anyone help me out or at least advice me on what to do.
Even with the right technique and assets some investors would still make more than others. As an investor, you should've known that by now that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying again.
Well explained. Thanks for bringing up the video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject…
@@Michelleyoung-dq3zc Most people think, investing in crypto is all about buying coins and leaving it to rise, come on it takes much analysis to be a successful crypto trader.
Trading without professional guide...Huh I laugh you, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name Jennifer Aaron Marcontell and everything changed. In in the first quarter of this year i made $370k and counting.
What places would that be if you are poor? You live in a slum, with no access to education, enough money to start any amount of investment and live paycheck to paycheck. Even a hundered Dollar medical expense would be too much for you. So where to get help? Federal help is non existent if you have a job. Good luck getting rich with that prerequisite. And no, this can't be fixed with personal responsibility, since if you stop working or work less, or spend money on literally anything not immeadietly neccessary you will starve.
This book helped me make the best decision I've ever made: I stopped being poor! It works guys, just be rich!!! I remember reading this book. I found it arrogant at times, out of touch even. I understand and try to apply the lessons learned in this book in my daily life, but that doesn't mean the key to success is to just decide not to be poor. Great video however, really enjoyed it. Beautifully presented too!
@@digamveersingh1711 I suppose it depends on the context really. I know of doctors who work independently and those who work under employment in a hospital. Either way, according to this book they'd still likely fall into the "poor dad" category, which is another one of my gripes with it.
Hi Marx, the most useful thing in these videos, what I like most, is your clarity of mind. This clarity is reflected by the visuals and how you organise them on screen. As well as your comments. By the way, I like that you mention your opinion sometimes, as it shows you are committed to the overall subject of self development (identification with the reader) and that you mention other useful books and authors.
I'm holding my stock and no "breaking news" FUD will get me to sell. We are an army and all have diamond hands. I'm sick of the market manipulation by the hedge funds and whales. It's past due time to teach those greedy b's a lesson.
Most people seek instant gratification, which usually doesn't go well. so set goals 1-2 years out instead months out, and you are likely to be much more satisfied with the results.
@@Erinmills98 I always FUD at every little dip until a friend at fidelity investments recommended coach JENNIFER PUCKETT HUNTER who managed my bag very well to over 15%.
I personally believe and agree for almost of this books content. But poor is a complex situation, especially the structurally poorness. Even if you have this kind of mentality, some people really didnt even get the priviledge to try in the first place.
True i work 9-5 and could barely even save 1k$ after 1 months lol. My investment? Crypto lol, you could say the one who selling the shovel is giving more money than the freaking gold i am holding haha 🤣.
@@teistensean7227 i started a 1k business. In just a year ive earrned almost 20k. Now im expanding :) Never give up and open your eyes for opportunities. Still have a day job from 8 to 6pm :)
The information of this video and book has opened my eyes. I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio of $450k dwindle away is such an eye -sore.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?
Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. “Eileen Ruth Sparks” is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Which is why this Advice is imperitive to our current society. It is indicative of captialism that you are expected to figure it out on your own or starve, be homeless, ore being stuck working a job that barely pays enough to live, if at all. If you are born poor, you have pretty much lost. Especially in the USA.
I read this book soo long ago and seeing everything laid out in a visual diagram works really well for me. I would love to see more of your content like this! Thank you .
This makes it sound so easy. I grew up in a quickly developing touristic place , and I have met way too many millionaires. They all have 3 things in common. 1. They are negotiating everything , trying not to spend even at others' expense. 2. They all are heirs of millionaires. They just grew up with the money from their parents/grandparents. Even if they started sth on their own , they had the financial privilege to do so. From real estate , to shipping companies to anything. (Bonus, most of these people's ancestors , acquired the money in illegal ways). 3. They grew up in an environment that taught them how to keep making money. (eg. buy a villa to enjoy your vacations, rent it to others when you're not there) Most of the people I know in my life , have their own business. Including my parents. No matter how hard you work and adjust to modern times etc . It's a big matter of luck and timing , to get rich.
Thank you for the reality check, you're a good man. If all 7 billion people in the world read this book and followed all the steps. We would still be in the same positions because there is not enough wealth to be enjoyed extravagantly by everyone.
i dont think the video and the books make it sounds easy, its just the very basic of financial foundation that average people didn't really pay attention, building an asset is your whole life journey, and sure as hell wont be easy, but if you understand what it says in the books/video, at least you wont be poor/struggling financially, this kiyosaki books is the first gate to the world and knowledge of financial literation, you still need to learn a lot
No, it's not a matter of luck and timing. Becoming rich is extremely simple: spend less than you earn and consistently save and invest the excess for the long term.
Reading books has really skyrocket the way I think about investing. Indeed, no one has ever got rich by saving money. If you want to become financially free, You need to Invest. I've come to realize that the key to amassing wealth lies in making sound investments.
Yeah, You're Right! According to a book writer; ‘What everyone needs is to work with a financial advisor, who can help you get in and out of any investment at any time and you'd sure be in profit.
Whichever firm you select, make sure you get your insurance from a reputable financial adviser, such as *Jenny Pamogas Canaya,* who has dedicated her career to financial planning. Because they will assist you in escalating, navigating better, and completing the task in a safer manner.||
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it. "You're not going to remember those expensive shoes you bought ten years ago, but you will remember every single morning when you look at your bank account that extra 0 in there. I promise, that's going to be way more fun to look at everyday", I pray that anyone who reads this will be successful in life
@Jamie Janny Exactly ! That's my major concern and what kind of profitable business or investment can someone do with the current rise in economic downturn
I recommend diversifying your investments by considering stocks alongside real estate. During a recession, there are potential buying opportunities in the stock market if approached cautiously. Additionally, market volatility can offer short-term buying and selling opportunities. However, please note that this is not financial advice. It's important to be proactive in investing as cash may not be the most advantageous option during these times.
You’re right! The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Kiyosaki as my late husband would say have achieved an incredible feat in the stock market. He turned thousands to billions, and have made a lot of people wealthy in the process. I really saw the potential of the stock market by reading Berkshire's annual letters. I recently sold my $674k apartment in the Bel Air area and I'm hoping to throw it into the stock market. I just don't want to lose everything.
For the average Joe, however, I think it is just best to invest and just wait, which is reliable, albeit extremely long-- lots of years. Or just use a professional analyst and speed up wealth creation. Most people underestimate the power of the latter.
I agree with you, it has been so much of a hassle since the pandemic. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000. The role of analyst can't be denied.
I think this is exactly what i should do now before i retire in 3years. Please let me know your investment adviser's name and how i can reach he/she? Does she work for foreigners? I live in Quebec, Canada.
My advisor is “Helene Claire Johnson”. She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision. I basically follow her trade pattern and haven’t regretted doing so
Focus on 1) businesses which do not require your presence to operate 2) Stock 3) Bonds 4) income generating real estate 5) notes or ious 6) royalties from intellectual properties like music, scripts or patents 7) anything that produces an income or appreciates in values like cryptocurrencies, websites, RUclips channels, websites etc.
My friends invested in crypto and they earned jack shit. One of them invested 4k and barely got anything in return. I started a youtube channel with a tik tok and Twitter sub accounts and I have yet to break 20k followers. It is all bullshit.
@@nenadmilovanovic5271 Try a get rich slow scheme: Find something lots of people want a little or a few people want a intensely, and make it your life to provide it to them. Systematize it, and pay other people to help you keep the system running and helping more and more people. Help more people better than the competition. Or either get lucky or whine about not getting lucky.
@@nenadmilovanovic5271 Stocks/crypto usually generate better income the larger your invested amount is. 10% yearly on a million is $100k just for having invested a mil in the S&P500, let alone a stock that performs well such as AMD, which would've netted you 3x your invested amount within a year. Don't expect to become rich with $4k in a coin unless you're either a) patient and let it ride out for a minimum of 10 years and still need some luck considering Bitcoin was the first coin while there are thousands now b) get (extremely) lucky
Now few people will say: The problem is that, not many people will find a rich dad next door who is willing to teach a son of a poor dad. Robert was fortunate. This is like saying: Huge companies like apple, google and Amazon started from a garage... What's your excuse?? I don't have a garage!! 😂
I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio of $450k dwindle away is such an eye -sore.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
@@AnitaCacoa I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?
@@SallyW414 The adviser I'm in touch with is 'Dawn Maureen Humphrey, she works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me his strategy works hence my result. he provides entry and exit point for the securities I focus on.
@@AnitaCacoa she actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing
The market trend can turn around very quickly. In fact, the indexes often switch from a bear market to a bull market when the news is at its worst and the mood of investors is at its lowest point. I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?
In particular, amid inflation, investors should exercise caution when it comes to their exposure and new purchases. It is only feasible to get such high yields during a recession with the guidance of a qualified specialist or reliable counsel.
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diverssify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $21k ROI, and this does not include capital gain.
@@martingiavarini Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.
@@hermanramos7092 I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance wealth managers you could check out. I have been working with “Catherine Morrison Evans” for about four years now, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her.
@@martingiavarini Thanks for sharing this. I did my own little research, and your advisor looks advanced and experienced. I wrote her and dialed her twice but she didn't pick up so I scheduled a phone call.
A number of the most eminent market experts have been expressing their views on the severity of the impending economic downturn and the extent to which equities might plummet. This is because the economy is heading towards a recession and inflation is persistently above the Federal Reserve's 2% target. As I'm aiming to create a portfolio worth no less than $850,000 before I turn 60, I would appreciate any advice on potential investments.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
@@HelenaBonham-pz4ly I've been in touch with a financial advisor ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
@@CurtisStammer My advisor is “Elizabeth Pan Holt”, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
@@ladymariangray thank you for this tip , I must say, Elizabeth appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
This book changed my mindset about business, money, debt and taxes. Life-changing information inside this great book. Such a shame this information will never be taught in schools.
Rich Dad Poor Dad: Fail your way to success by conning others. I have no doubt that this man has helped some people, as very evident in any of the events you attend or from the books that you read. But we also don't hear about all the failures, about the people who lost money thanks to this man, or instead the blame is placed upon the individual with none for Kiyosaki. Not to mention, his advise and the people that have followed his advice have played a part in leading us to the financial housing problems we have today.
@@FrozenVictory take the land so people have to pay to live :) rich dad: you have lots of money (which i give you) so money will work for you. poor dad: you have nothing (cause i have nothing too) so find a job :) the key it's to be born in a rich family and so on :)
Financial Housing Problem that we have todays is caused by people doing exactly opposite of what Kiyosaki tried to teach. You clearly have no idea what you are talking about.
@@vuthanhlong216 No it isn't. The key is to seek knowledge and think like a rich man. So what you lose money, everybody does starting out. As someone who's attempting to follow this book starting from a poor family, it's not about how you start although a rich start gives you an advantage. The key is not to be born physically rich, or even be born mentally rich. The key is to LEARN, have an open-mind with things and be creative. Take a look at everything you do, see what you can make money from and TRY. I wish you the best of luck in whatever you do in the future.
My reflection after watching this video (didnt read the book): different people have different priorities. This book's wisdom focuses on money and money generation which is good wisdom. How much to apply to real life while actually enjoying real life is for one to discern and balance. Sometimes, not building assets can be such a relief and net much much more.
How are you even gonna do that without money? The point is to grow your money until youre financially stable enough to afford that expensive vacation and continue your life afterwards without needing a loan or cut things out of your life
@@The_Queen_of_Hell if ur not born in rich family already, even if ur sucessful from nothing, by the time what you say happens u will be 50-60 years old and i dont think those are the best years to make use of that money
( what you just said is a middle class mindset) You will need to sacrifice and build an asset Let your asset pay for the vacation and other liabilities.
Huge red flags: 1) Telling people that going to school is basically useless 2) Telling people to invest in crypto (LOL) 3) Telling people that buying a house is for the poor (but then list real estate as an asset?) You can buy a house and turn it into a rental property...
1. go to college acquire any degree that you want in any field 2. do not invest in crypto 3. Buy a house the bank is an asset with what ever interest rate and in 30 years see if you make more than you paid for overtime fyi not everyone makes money in real estate
A lot of the millionaires are heirs. Real selfmade millionaires are investors . And there is nothing like luck but taking risk and timing included. And you need a some education. To become a millionaire by yourself should not be a goal (depends on country) because its just out of reach.
Obviously often times we just look for what to invest in and usually encounter these problem. It's either the money is too huge for what I want to invest or it could require more than expected
I recently discovered your channel by accident and your content blew me away. I'm a visual learner so the way you structure these videos and animate them is just so catchy. It's like you're watching an award winning tv-show but you're actually gaining so much from it. You gained a new subscriber for sure! Keep up the great work and I can't wait for you to drop part 2! ;)
I listened to RK before COVID as an employee. Now I adopted his teachings but applied what is appropriate since this is an American view. Now I have a business while keeping my job all real estate. Business is frowned upon in the office.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market.
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
My advisor is “Vivian Carol Gioia” highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Money should neither be treated as "Too Good" & nor as "Too Bad". It's just a Resource. The more you have, the more you can spend. That's it. It will keep you Humble, away from Greed & even from Poverty ! 😊 Enjoy the Life, while you still have it 😉
@@jmonie02 as well , its not for everyone, if everyone buy assets like apartments for rent , who will rent them , who will work everyday jobs, how many people need to run every day live around as?! Everyone richer every day?! Really possible? How many of your salary and how long need to save money then someone let you have right to rent to someone?! Are someone thinking about 7 years after that you can start have second home to star rent?! And so on , it’s not so quiet quick as someone want to show , I think..
The key takeaway of this video is, start a company or business that is run by the people that dont have the economic literacy that you do. AKA exploit the illeducated. Become the boss that does not pay a relative fair salary compared to the revenue and profit of the company and the stakeholders.
If they are happy with it what's the problem, some people don't even care to listen to financial advice and they love their professions or their simple job, let them make you money but keep them happy
@@bassam_salim yes that is a posibility, but as the video and the book portrait the work life emotionally more accurate, where often people feel trapped in their job, and fear layoffs. The minimum wage existing also shows us that there clearly is a need for a minimum, because bosses would otherwise go as low as people would accept. this is not good just because people accept it, since the acceptance is not independent from being able to aford basic living expenses. The idea that if people are happy (or more often silent) about their wage, does not mak it ethically sound. If the net profit from my business is more than a 100x the average salary of the non-manegerial staff, im clearly exploiting the staff. i could afford to give them a more fair value for the value they produce with their labor. If companies really made people happy out of solidarity and lack of greed, as the video entails. then in the purest capitalist country in the world: the USA, Things like company provided healthcare, housing, travel expenses, vacation-sick-maternal leaver would all be better funded. but its not, and people are for the majority not happy with their jobs.
@@bassam_salim the myth that people are happy with a simple job, only exists when their company pays them well and acomodates for a healthy work life balance. however this does not happen volunterally for about 99,8% of all companies. thus government needs to step in. this means that those who agree with the mantra's from this video ARE indeed greedy and controlled by fear of losing their wealth. after all, what does it take to be satisfied and say "i have enough" if you want we could calculate it ;) the rest of the money you'd have could go to developing a greater world right?
@@tenjin5586 your comments make me doubt if you really have read the book, otherwise you don't understand it. It's funny because he literally talks about what you said in the book. To make your comment short, you're basically saying the rich are crooks. You're blaming the rich for "exploiting" the poor and getting mad at tons of other things. This is literally a lesson in the book. Life pushes you around, it is how you react to it. You either learn from it and get smarter or, like you, get angry at everything and everyone. If you, as an employee, aren't happy with your current salary then gettind angry at your boss makes no sense. I also just don't understand what you're trying to say? Do you want businesses to give their employees millions a year if they convert billions? That wouldn't make sense. Think you need to read the book again and read with an open mind
6:24 that's the biggest MYTH, and Kiyosaki knows what he's doing by re-enforcing it. It IS about how much you make, frugal living and skipping the occasional coffee won't EVER make you rich. The RICH want you to believe it. When you try to SAVE, you end up being comfortable in the job you already have (maybe a dead-end one), instead of being dissatisfied and looking for better options. I went from trying to save every penny to thinking of ways to increase my income by diversifying income streams. Worked out a lot better )) Seriously, instead of penny-pinching, think of your strong skills and how they can earn you money (active, passive doesn't matter in the short run).
That’s one way to look at it, the way I see it is it’s telling you that the more important thing is increasing your profit or how much money you get to keep from something
That's not what he said. He said it's not how much money you make it's how much you keep. When you have an asset over a liability, the asset brings more money in (keep) while a liability is a loss of money. Having a liability is essentially the same thing as spending money, even though you are not actively scanning your card to spend money. That's what Kiyosaki meant by that quote.
This book is so interesting, because according with Robert Kiyosaki, you can do anything you want in your life, anything.... EXCEPT join a Union. His hate for unions on his book, borders the psychosis. And on the top of that, his best advice to make money is simply to prey on people who are about to lose their houses due to foreclosure. Which is basically what every shark out there does to earn a living.
@@123shotas Isn’t that your goal as well? Be a person you hate now that doesn’t pay taxes. Shi i see it as a challenge. I want to get to that point were i can financially say fuxk you to the IRS. I believe this should be everyones goal. Instead they become filled with hatred and get distracted from the real goal!!! Make money work for you!
If your plan is to hold on to your current job while earning a pay you're barely satisfied with and spending it all every month on expenses, by all means join a union.
The way Secret Pathway To Triumph dives into the concept of abundance is mind-blowing. Secret Pathway To Triumph tips are pure gold, and I wish more people knew about them.
It’s amazing how this book is basically about perception and how you perceive things, and I love it, most of the time wealth and rich isn’t inherent, it’s viewpoint, a mentality
4:00 "The wealthy see it as an opportunity to learn" the wealthy dont work hard from a young age, those who do are the exception and are pushed by their parents, knowing very well that if they quit they have a savetynett (their parents) and thus they have the recources to make mistakes, in business ventures and in work. For those who learn (minority) and those who dont give up (minority) they still use their priveliges and het further with the same work. if my dad was rich, all my work as a teen, all my ideas, would have gone into a plan to exploit that effort and creativity for monetization. the poor never give up, if they do they become homeless within a month or die. there is no imaginary "Option" to give up.
It's an old criticism of the book. It's an important cavite when considering people may read this stuff and judge their own worth or their parents decisions, but the reality of the statement is true, the privilege of being able to view work as an opportunity that way is a huge benefit and is important to success. Even if you are broke, it's good to try switch the mindset to review the drudgery and see where value can be gleaned from your invested time beyond the salary.
@@Canadish Yeah this is the way to look at it, ignoring the author or any get rich gurus on RUclips who think they know what everyone needs to do. On a small scale, yes, you should make smart decisions about your finances. But on a large scale, capitalism is a tower and a tower needs its base. Only a few will ever reach the top while the majority remain at the bottom. No get rich scheme will ever change how capitalism functions and the inherent unfairness of who gets to climb to the top.
Marx you my friend are the best!!! Clear cut, concise and precise. Thank you so much for your time and effort to provide us with the best content. Definitely can't wait for part 2 and wish you would make the same for other popular self-improvement and financial literacy books. Be blessed!
The collapse of Margin debt leads to a decrease in stock prices and trigger a wave of selling as investors try to cover their losses, Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $145K for sometime now, my major challenge is not knowing the best entry and exit strategies ... I would greatly appreciate any suggestions
I'll suggest you find a mentor or someone with experience guide you especially in this recession. especially for your 401K, IRA and portfolio diversification.
@@raychristopher7797 I agree, I thought I was doing alright profit wise, until I needed assistance with diversification, I reached out to a financial advisor and in less than a year I was just $51,000 shy away from $640k which is like 7x more than I make on my own..
@@jesbensommichael8397 I've been thinking of going that route been holding on to a bunch of stocks that keeps tanking and I don't know if to keep holding or just dump them, think your Inv-coach could guide me with portfolio-restructuring..
@@raychristopher7797 This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name KRISTIN GAIL CUNNINGHAM and everything changed. I started enjoying huge returns from my investment.
@@jesbensommichael8397 I just looked her up on the internet and looked into her credentials. I wrote her a letter outlining my financial objectives and planned a call with her
The video and the summary are great. However the views of this book shock me as very simplistic. For a first touch ever on financial concepts is ok, but the approach with the rich-poor dad is disgusting. It explains the "trap" of the capital but the tone implies the poor wants to stay poor. Yeah, Food, Clothes, Housing are expenses... but there is no workaround. Instead of paying my house with a mortgage I should try to rent it... Good advice, if I have anywhere to live! It's just too plain, I understand it is an overview and I see why someone who is not familiarized at all with Liabilities/Assets or Balance Sheets, can like this. The main factor the book is missing is the saving capacity of individuals. This cannot be applied by poor people because they do not have enough margin to profit from their money! For a middle class worker with a decent enough salary some ideas can be useful. I genuinely don't understand why this book is so famous. Anyway, thank you for the video! I always had curiosity about the book and honestly, you have saved me some hours!
@Ivan well said! Very reductive analysis from someone who is already quite wealthy themselves. Additionally, telling people that creating a RUclips channel is a viable form of wealth generation is asinine. It works for a few but having a youtube channel that "earns money as you sleep" is about as likely as playing pro baseball.
@@ibr2158 i have the "rich" mindset, yet i still remain poor. which proves that just having the rich mindset doesn't automatically work. it's even harder for people who are in 3rd world countries. when you're poor you cant just avoid liabilities and that is most observable to those who have to start their life from scratch/fundamental because their family wasn't able to. while i understand the point of the video/book. it really isn't just for everyone.
Thankyou for this type of content, that helping million of viewers... I'm a 16years old and have ambitious dreams. I think watching RUclips is teaching me better for financial management and how to be actually rich. Than learning from school that have poor educational system that have primary objectives to teach students on how to be good employees. 😧❤
@@stellaward7884 I stumbled upon one of his client TESTlMONIES about SIR Gardner then I decided to try it out ... Now im getting my third cashout in two days
This book inspired me to become an entrepreneur one day when I was in my 20s. It has also inspired me to read similar books. Your videos are professionally produced and highly engaging.
I bought Bitcoin and Ethereum August last year and I made 6grand into half a million after taxes. Now I took that half a milli.. basically made me more money than 35yrs in granding within 6 months. That's digital currency
Life is so precious, when you know you own a property or an investment to always keep you on go...I have no regrets starting my journey in cryptocurrency.
@Jose goncalo I've been trading with Mrs Sonia for a long while now she's really amazing and trustworthy she has the skill level of trade always winning with her trading platform
Lesson 1: What makes us different is knowing *exactly* why we are working and what we want. Sticking to a plan so that not even the hardiest salesman can deviate us from the goal.
This is a well detailed and informed video. I'm here to learn how to invest after listening to a guy over the air talk about the importance of investing and how he made $410,000 in 5months from $180,000 startup. Somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas
Having monitored my port_folio performance which has made a jaw dropping $370k from two quarters alone, I've understood why experienced investors make enormous returns from the market
Interesting, I have a lump sum doing absolutely nothing at all in my bank account, I wanna get something started with it. You seem to be doing excellent for yourself. Do you trade on your own?
I'm trading with Expert Mrs Denise Mitchell, a FINRA regulated broker. Met her sometime early last year at a startup funding event. She had some interesting things to say about the state of algorithmic trading today, very obviously, it's reflecting on my portfolio
@@kyalokisangau1011 Good to see you here,i know our people are awakening and doing great from this knowledge. We used to spend many years looking for better jobs and doing little investing.
This book feels like it was written solely for people that just won the lottery. It’s like “I know you’re poor, but if you were rich you could buy an apartment complex and make money from that” Cool, I’ve gotta pay my bills. Should I sell all of my possessions quit my job and live on the street until I start a successful business. Oh I forgot banks won’t give you a loan unless you have a job.
All these people who sell these books and courses are all scammers! That’s exactly how they continue to stay rich, by selling you just those things lol
All you need to do is write a bullshit book with vague bullshit ideas that people find desirable. Then sell it for profit. That's the secret to getting rich with capitalism.
I recently inherited over $1 million. I REALLY need to make this money work for me, and not just disappear over time. I've been scrambling for somewhere to put the money, where I can make an effort to use the gains to pay bills so I can quit my job . All roads have pointed to the financial market of some sort which is a good idea buh where else should I put money besides the financial market? We have a 13% RPI rate so cash is tough.
Yep great question and that’s always the one - where would you rather be if you have an option. Personally I’m always invested aside from a small emergency fund. Financial-market for me seem the only way forward with my long time horizon (accrued over $200k in gains since 2020 ) but if you don’t have that fortune of time it’s a tough market out there almost nowhere feels safe! . Just know the risk you're comfortable with . Mistake is expensive
@@svengrot7943 very informative, one option I suppose is, if you were to invest a set amount buy the whole share in a ETF and the remainder could go into a index for which would allow you to purchase the fractional shares, is that an option?
@@svengrot7943 You inspire me, over $200k is a milestone, how did you achieve that? I guess you have a proven trading strategy that you've spent a lot or willing to spend a lot of time crafting and testing.
@@blaquopaque Lol, I began with a fiduciary portfolio-advisor by name *Katherine Duffy Burke* . She’s sec verified and an ISDA member . Her approach is transparent allowing total ownership and control over my portfolio and fees are very reasonable in comparison with my ROI.
@@kansasmile they are platforms like Invest Engine and Trading 212 do allow fractional ETF buying so they can solve some of the problem for you :). In the background they have to buy full shares, but they let you buy them in fractions.
It's been 3 years and I'm still in chapter 7 of the book 😁 Good thing I came across this video. I used to be obsessed with learning technical skills as an engineer but things have changed especially when I opened a small F&B business in my hometown during the lockdowns.
2:03 Summary begins (skip intro) 2:32 Instead of thinking "I can't afford that," think "How can I afford that?" 2:56 Being broke is temporary. Being poor (the mindset) is eternal. 3:03 Lesson 1: The rich don't work for money 3:05 The poor and middle class work for money. The rich have money work for them. 3:59 The wealthy see it (obstacles) as an opportunity to learn 6:13 The rich don't trade their time for money 6:20 It's not about how much money you make -- it's about how much you keep 6:48 Acquire assets that allow you to generate income 7:03 Assets put money in my pocket. Liabilities take it out of my pocket. 7:23 Assets generate income 7:41 Rich people acquire assets. Poor people acquire liabilities that they THINK are assets. 8:36 Rich people: Income (dividends, rental income, royalties, interest) -- Assets (stocks, real estate, bonds, businesses, intellectual property) 9:44 Asset examples: an apartment that generates monthly payments from tenants, a business that doesn't require you to be present 11:10 For the average person, every dollar earned from January 1st through March 16th is taken by the government (20% of your income). Over the course of 40 years, 6 years' worth of your wages is taken by the government (via taxes) 11:37 Focus on obtaining assets that generate cash flow 11:55 (Recap of what's been covered so far) 12:25 Rich focus on their assets. Poor on their income 12:56 Assets to focus on: businesses that don't require your presence to operate. Stocks. Bonds. Income-generating real estate. Notes and IOUs. Royalties from intellectual property (music, scripts, patents). Anything else that generates currency and appreciates (Cryptocurrencies, RUclips channels, etc.) 13:34 Once a dollar goes into your assets, never let it come out again. 13:40 Every dollar you put in is an employee of yours 14:07 (Another recap/summary)
Love the breakdown. With what I’ve learned over a decade investing, given enough time, solid investments have the potential to double the initial principal amount, but many investors are instead attracted to the lure of high yields in short periods of time despite the possibility of unattractive losses before even getting out. So the onus is on newbies to beware.
@@Skypuffxl As long as you diversify your portfolio, any single stock that you own shouldn’t have too much of an impact on your overall return. If it does, buying individual stocks might not be the right choice for you, as you can also try out the Roth IRA or I series bonds. Even index funds will fluctuate, so you can’t get rid of all of your risk, try how you might. With help, these are achievable. Levi Clemans, a pro Fiduciary oversees my portfolio. You can look him up online, and connect him.
You also need to know that it’s possible to lose money, since stocks don’t have principal guarantees. If you’re looking for a guaranteed return, perhaps a high yield CD might be better.
With Clemans' oversight, I’ve been able to select well run companies with strong finances and a history of shareholder friendly management practices that have made me good gains in the past months.
I absolutely LOVE that you made this amazing video!! I have know about this book and have read a little but you really have done an amazing job of creating this visual summary of the concepts in the the book!!! I cannot wait to see the second part, hopefully it is already available because I guess this video is 2 years old, well you are very talented and should be very proud!!
3 things that helped me and literally changed my life
1.stopped telling myself ill do it tomorrow
2. read the book whispers of manifestation on borlest.
3. had faith and religion
Scam bot spotted
Wat do u mean
@@MarieISHIME it's recommending a book, it's a scam
Fantastic recap of 'Rich Dad Poor Dad'! For additional hidden gems and insider advice, Nixorus offers some must-see insights.
they have one of the gratest book i ever read!
ty for share
People who are able to retire early are lucky . I have 15 months till 65 and need to look at calling it quits, my only fear is running out of funds much later, thus keen on investing. What could be the safest possible ways to invest for cashflow, in order to afford lifestyle after retirement?
Not offering any particular advice, but I can assure you that most stocks still have growth potential. Re-distributing is not as hard as many people think it is. Ordinary investors lack the requisite level of diligence, so having a financial advisor on board is usually highly beneficial. In the market, this is how people generate enormous profits.
True. My portfolio was diversified across several markets with the help of a financial planner, and were able to achieve over a million in net profit among high dividend yield equities, ETFs, and bonds. It is vital that you have a variety of exposure, including in firms that are currently generating cash flows.
Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve financial goals.
''Amy Desiree Irish'' a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market
I appreciate this. After curiously searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
I have listened to the book several times, and watched many summaries on RUclips. This is the best one by far I was bummed it was only half. Please finish part 2
Agreed. Felt the same.
M mmm
Absolutely
Thanks for letting me know this was only 1/2. Now I will not watch. Lol
Loved this illustration and your concise breakdown of the core of the book. Please please please complete part 2! 🙏🏼🙌🏽
When you invest you're buying a day you don't have to work, I pray everyone here becomes extremely successful!
Now is the best time to purchase and invest in Bitcoin stop proscastinating
Most people are gonna become millionaires and will have bitcoin to thank for that..
Investments are stepping stone to SUCCESS, Investing is what create wealth
90% of millionaires right now are investors in the crypto market
@Anderson Sarah how do you do that pls?
Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.
Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.
Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.
Could you kindly elaborate on the advisor's background and qualifications?
Her name is. 'Linda Aretha Reeves’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info
The fact that nobody talks about the book Untold business masterclass, speaks volumes why people dont earn a lot of money..
whats it about
@djfighter360 Business
they're too broke after following the advice of this book.
@@djfighter360 its a bot promoting scam ebooks
@@hecic it's bot guys, don't believe it
It is fascinating how everyone wants to be financially free but yet no one has the challenging ability to discipline them selfs
That's why top g exists
It's becoming increasingly difficult thanks to all the distractions of todays day and age creating a sense of comfort in people
That's why I focus on self improvement as it builds my discipline and mentality so I don't make impulse decisions.
The people you are talking about dont even care about this, and its a core pillar for success
“Themselves”
Cuz people above or The society created the system in the World that most people follows. (Social Media, Influencers, youtube, Cars, Artist, Actors, Etc.) When you got hook or addicted to those you will buy merchandise instead helping yourself.
Curious about the strategies of top investors, I'm seeking guidance on my own investment journey. Holding $545,000 from a home sale, I'm torn between investing in stocks currently or patiently waiting for improved market conditions.
Before capitalizing on market opportunities, it's essential to understand the underlying factors driving your financial progress. Seeking guidance from a seasoned expert can provide valuable insights, mitigate potential pitfalls, and optimize your investment strategy.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1million.
That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
My CFA “Diana Casteel Lynch” a renowned figure in her line of work. I recommend researching her credentials further.
Just Googled her name and her website came up right away. Looks interesting so far. Sent her a mail and also a call. Thanks for sharing truly!
As a grown adult with ADD it’s hard to read and stay focused. Visuals like this are by far the best way for me to learn and understand! Would love more content like this! Thank you🙏🏽
I also have ADD i listened to the book but sleept for maybe 1 hour of it but still got alot from it
Excellent content
I can suggest to meditate, it's hard ik but the point of meditation is when thoughts arise to ignore them and focus on ur breath. By meditating often u will automate this more and more, u will be able to use this way of putting thoughts away while reading aswell
You sound weak, like poor dad. Because all that success takes is just believing simple answers to complex questions like the book suggests.
ADHD for adult I believe
The fact that nobody talks about the book 25 money secrets from Donald Trump, speaks volumes why people dont earn a lot of money...
I'm favored financially with Bitcoin ETFs approval, Thank you buddy. $32,000 weekly profit regardless of how bad it gets on the economy.
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
I know this lady you just mentioned. She's really good with and on her job. She's helped a couple of families and individuals’ finances
I'm a long term investor, my trade was placed in Shiba Inu and I will withdrew my profits of over £56,000 during the covid-19 pandemic.
Started with 5,000$ and Withdrew profits 89,000$
Any specific guide. I'm from New Orleans how do I go about this? I think I'm interested how can I get in touch with mrs Deborah Davis.
Most people are stuck with conventional wisdom. If you want to rise above that, find the forbidden books like Success Secrets of the Elite. The hidden knowledge there will blow your mind.
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear that you saved me from huge financial debt with just a small Investment, thank you Jihan Wu you're such a life saver
Greetings from Germany 🇩🇪 !!! He deserves more accolades because he has really helped me grow financially too and I’m grateful to him for that.
How'd you guys read it
Yea where can i read it for free?
@@JasonHain-z8t Hi, may I ask where you were able to find the book?
The information of this video and book has opened my eyes. A severe recession can actually be a good time to buy things in the markets, as long as you're cautious. It can also lead to volatility, which can create opportunities for short-term buying and selling. This is not financial advice, but it's a time when cash might not be the best option.
Right now, it's not smart to make quick decisions just because there are chances available. To figure out how to do well with your money, it's best to have a chat with an experienced investment coach.
@oldcastleswan Can you kindly provide me with the information of your coach as I am currently in desperate need of one?
@oldcastleswan Thank you for this tip. it was easy to find your FA. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé
Anyone else here obsessed with Secret Pathway To Triumph? It's like discovering a secret treasure map for wealth!
@@rajabehera4283 yes definitely need a map
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life beause I invested early ahead this time .
The rich Invest in alternative income streams that are independent of the government should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. Stocks, gold, silver, and virtual currencies are still attractive investments at the moment...
I thought about investing in the financial market, I heard that people make millions if you know the tricks of the trade, but I lack good knowledge and a strategy to outperform the market and generate good yields. I have $160,000 but it's hard to bite the bullet and do it.
Having an investment advisor is the best way to go. Based on a direct encounter with a CFP named Kate Elizabeth Amdall, I can say with certainty that their skills are excellent. She helped raise over $580,000 in 18 months from an initially stagnant portfolio of $150,000
Fantastic! can u share more details?
What sets top investors apart from the rest? I've got $385K in equity from a home sale and I'm unsure whether to put it into stocks or wait for a more favorable market condition.
consider investment planning, learning from a well experienced advisor is invaluable
A number of individuals downplay the significance of advice until their own emotions become unbearable. A few summers ago, after a drawn-out divorce, I needed a big shove to stay afloat with my company. I located the most qualified adviser after searching for licensed advisors. Despite inflation, she has helped me grow my reserve from $375k to $850k.
You seem to know the market better than we do, so that makes great sense. Who is the guide?
Actually its a Lady. Yes my go to person is a ‘LAURELYN GROSS POHLMEIER '. So easy and compassionate Lady. You should take a look at her work.
She appears to be well-educated and well-read. I ran an onlline search on her name and came across her webslte; thank you for sharing. I sccheduled a caII.
if the idea is to build an income stream to use as complement for retirement, or at any given point if needed, then building a dividend growth portfolio always buying adding to it could be a good and peaceful path. On the long run consistency and perseverance could guaranty the desired income stream goal with little worries
the idea is to Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions.
Well said, with the help of the an investment advi-sor, I diversified my 62K portfolio across many markets and in a matter of months, I was able to produce over 356K in net profit from high dividend yield equities, bonds, and exchange-traded funds (ETFs).
wow massive gains! my partner recently hinted on going same direction.. what did you invest in, and who is your investment advisr please, if you dont mind me asking? in dire need of asset allocation
‘Rachel Sarah Parrish’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
That phase “ life is not about How much money you make, It How much money you keep” is totally the truth!!
I’m 19 and had a maxed out credit card + 3 loans I never paid
I was given this book in august 2022 and I’m now debt free
@@Nathan-sq9xv thank your parents for paying of your debts. Appreciate it. Many parents can’t do that for their children.
@@elsagrace3893 ok so. They didn’t pay my debts
What they did was this.
They paid everything but each paycheck I would get, it would have to go to them.
So in reality, I owed the bank $0 but I owed my parents a bit over $2k
But I had a LONG talk with them. My mom and dad used to be in LOADS of debt.
My dad now works for google but that’s not the point. They don’t want me like how they were
I promised myself as well that I’d never be so dumb again
The two are same bro,you have to make to keep and you have to keep to make more.
In other words, don't pay taxes by lying, and people who work for you, just don't pay them. Simple.
00:18 Robert Kiyosaki's book 'Rich Dad Poor Dad' teaches important financial lessons.
02:48 Rich Dad Poor Dad by Robert Kiyosaki summary.
03:15 The importance of financial education
03:33 The core principle of Rich Dad Poor Dad is to make your money work for you instead of working for money.
04:17 Financial education is key to escaping the rat race.
05:25 Rich Dad Poor Dad book summary
07:01 Understanding the importance of financial education.
08:35 The book 'Rich Dad Poor Dad' by Robert Kiyosaki provides valuable insights on financial education.
The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.
Money invested is far better than money saved , when you invest it gives you the opportunity to increase your financial worth.
" It is remarkable how much long term advantage people like us have gotten by trying to be consistently not stupid , instead of trying to be very intelligent."
The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.
I also keep seeing lot's of people testifying about how they make money investing in Stock, Forex and Crypto Trade(Bitcoin) and I wonder why I keep loosing. Can anyone help me out or at least advice me on what to do.
Even with the right technique and assets some investors would still make more than others. As an investor, you should've known that by now that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying again.
Well explained. Thanks for bringing up the video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject…
@@Michelleyoung-dq3zc Most people think, investing in crypto is all about buying coins and leaving it to rise, come on it takes much analysis to be a successful crypto trader.
Trading without professional guide...Huh I laugh you, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders
Honestly I really need help learning to trade. Seeing my portfolio low makes me very sad.
I know someone who can help you Olivia Brown
+187
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name Jennifer Aaron Marcontell and everything changed. In in the first quarter of this year i made $370k and counting.
@@Natalieneptune469 Impressive, that sounds good but how do I reach out to Jennifer?
@@Natalieneptune469 >i found Jennifer, she's good>
What places would that be if you are poor? You live in a slum, with no access to education, enough money to start any amount of investment and live paycheck to paycheck. Even a hundered Dollar medical expense would be too much for you. So where to get help? Federal help is non existent if you have a job. Good luck getting rich with that prerequisite. And no, this can't be fixed with personal responsibility, since if you stop working or work less, or spend money on literally anything not immeadietly neccessary you will starve.
This book helped me make the best decision I've ever made: I stopped being poor! It works guys, just be rich!!!
I remember reading this book. I found it arrogant at times, out of touch even. I understand and try to apply the lessons learned in this book in my daily life, but that doesn't mean the key to success is to just decide not to be poor.
Great video however, really enjoyed it. Beautifully presented too!
What do you think about a doctor who works as hard as employee but earn as much as businessman
Will you consider him businessman or employee??
@@digamveersingh1711 I suppose it depends on the context really. I know of doctors who work independently and those who work under employment in a hospital. Either way, according to this book they'd still likely fall into the "poor dad" category, which is another one of my gripes with it.
Thank you for this!
@@jonaw.2153 Yeah pretty lame. By that logic a Google Engineer making 300-500 K would be poor.
Hi Marx, the most useful thing in these videos, what I like most, is your clarity of mind. This clarity is reflected by the visuals and how you organise them on screen. As well as your comments. By the way, I like that you mention your opinion sometimes, as it shows you are committed to the overall subject of self development (identification with the reader) and that you mention other useful books and authors.
2nd part please
I'm holding my stock and no "breaking news" FUD will get me to sell. We are an army and all have diamond hands. I'm sick of the market manipulation by the hedge funds and whales. It's past due time to teach those greedy b's a lesson.
Most people seek instant gratification, which usually doesn't go well. so set goals 1-2 years out instead months out, and you are likely to be much more satisfied with the results.
@@Erinmills98 I always FUD at every little dip until a friend at fidelity investments recommended coach JENNIFER PUCKETT HUNTER who managed my bag very well to over 15%.
@@IrenaDolinsek This is really impressive, who is this person and how can they be reached?
@@AstaKristjan I don't think i have much to say here but you can do your due diligence on her page if you wish.
I personally believe and agree for almost of this books content. But poor is a complex situation, especially the structurally poorness. Even if you have this kind of mentality, some people really didnt even get the priviledge to try in the first place.
True i work 9-5 and could barely even save 1k$ after 1 months lol. My investment? Crypto lol, you could say the one who selling the shovel is giving more money than the freaking gold i am holding haha 🤣.
or people with disabilities
@@teistensean7227 1 K a month after a year is 11-12 K in a year. You just gotta start grindin first and then start investing.
@@teistensean7227 i started a 1k business. In just a year ive earrned almost 20k. Now im expanding :)
Never give up and open your eyes for opportunities. Still have a day job from 8 to 6pm :)
@@ronjosolis4413 what business
The information of this video and book has opened my eyes. I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio of $450k dwindle away is such an eye -sore.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?
Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. “Eileen Ruth Sparks” is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.
I just checked her out and I have sent her an email. I hope she gets back to me soon.
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Fax
@@ramzyaissaq1698 Fax is dead. People use email now, get outta here.
Which is why this Advice is imperitive to our current society. It is indicative of captialism that you are expected to figure it out on your own or starve, be homeless, ore being stuck working a job that barely pays enough to live, if at all. If you are born poor, you have pretty much lost. Especially in the USA.
@Parciwal Gaming bro don't give up, an d I can prove you wrong 88% of millionaires were self made meaning they weren't born ruch
Rich
I read this book soo long ago and seeing everything laid out in a visual diagram works really well for me. I would love to see more of your content like this! Thank you .
This makes it sound so easy. I grew up in a quickly developing touristic place , and I have met way too many millionaires. They all have 3 things in common.
1. They are negotiating everything , trying not to spend even at others' expense.
2. They all are heirs of millionaires. They just grew up with the money from their parents/grandparents. Even if they started sth on their own , they had the financial privilege to do so. From real estate , to shipping companies to anything. (Bonus, most of these people's ancestors , acquired the money in illegal ways).
3. They grew up in an environment that taught them how to keep making money. (eg. buy a villa to enjoy your vacations, rent it to others when you're not there)
Most of the people I know in my life , have their own business. Including my parents. No matter how hard you work and adjust to modern times etc . It's a big matter of luck and timing , to get rich.
Thank you for the reality check, you're a good man. If all 7 billion people in the world read this book and followed all the steps. We would still be in the same positions because there is not enough wealth to be enjoyed extravagantly by everyone.
i dont think the video and the books make it sounds easy, its just the very basic of financial foundation that average people didn't really pay attention, building an asset is your whole life journey, and sure as hell wont be easy, but if you understand what it says in the books/video, at least you wont be poor/struggling financially, this kiyosaki books is the first gate to the world and knowledge of financial literation, you still need to learn a lot
False
No, it's not a matter of luck and timing. Becoming rich is extremely simple: spend less than you earn and consistently save and invest the excess for the long term.
Reading books has really skyrocket the way I think about investing. Indeed, no one has ever got rich by saving money. If you want to become financially free, You need to Invest. I've come to realize that the key to amassing wealth lies in making sound investments.
Yeah, You're Right! According to a book writer; ‘What everyone needs is to work with a financial advisor, who can help you get in and out of any investment at any time and you'd sure be in profit.
Whichever firm you select, make sure you get your insurance from a reputable financial adviser, such as *Jenny Pamogas Canaya,* who has dedicated her career to financial planning. Because they will assist you in escalating, navigating better, and completing the task in a safer manner.||
I've come across several positive endorsements of Jenny Pamogas Canaya on various platforms, including RUclips channels, seminars, and more._
Thanks to these recommendations, I successfully located her online profile and have already reached out to her with a message
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it. "You're not going to remember those expensive shoes you bought ten years ago, but you will remember every single morning when you look at your bank account that extra 0 in there. I promise, that's going to be way more fun to look at everyday", I pray that anyone who reads this will be successful in life
@Jamie Janny Exactly ! That's my major concern and what kind of profitable business or investment can someone do with the current rise in economic downturn
@Jamie Janny Yeah you're right, that's why I had to start Forex trading two months ago and now i'm making benefits from it now.
@Scott Nicole O ' Yes I'm a living testimony of her good work expert Benson Sandra
Mrs Benson Sandra has changed my financial
status for the best ,all thanks to my aunt
I recommend diversifying your investments by considering stocks alongside real estate. During a recession, there are potential buying opportunities in the stock market if approached cautiously. Additionally, market volatility can offer short-term buying and selling opportunities. However, please note that this is not financial advice. It's important to be proactive in investing as cash may not be the most advantageous option during these times.
You’re right! The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
She is Melissa Maureen Ward. look her up
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Kiyosaki as my late husband would say have achieved an incredible feat in the stock market. He turned thousands to billions, and have made a lot of people wealthy in the process. I really saw the potential of the stock market by reading Berkshire's annual letters. I recently sold my $674k apartment in the Bel Air area and I'm hoping to throw it into the stock market. I just don't want to lose everything.
For the average Joe, however, I think it is just best to invest and just wait, which is reliable, albeit extremely long-- lots of years. Or just use a professional analyst and speed up wealth creation. Most people underestimate the power of the latter.
I agree with you, it has been so much of a hassle since the pandemic. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000. The role of analyst can't be denied.
I think this is exactly what i should do now before i retire in 3years. Please let me know your investment adviser's name and how i can reach he/she? Does she work for foreigners? I live in Quebec, Canada.
My advisor is “Helene Claire Johnson”. She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision. I basically follow her trade pattern and haven’t regretted doing so
Looked up her name and her website popped up immediately, interesting stuff so far, about to schedule a session with her.
Saving in real estate is actually one of the few things the "common" people do right for building wealth.
Focus on
1) businesses which do not require your presence to operate
2) Stock
3) Bonds
4) income generating real estate
5) notes or ious
6) royalties from intellectual properties like music, scripts or patents
7) anything that produces an income or appreciates in values like cryptocurrencies, websites, RUclips channels, websites etc.
Yes it's that easy... xD
You skipped a few steps there buddy.
My friends invested in crypto and they earned jack shit. One of them invested 4k and barely got anything in return. I started a youtube channel with a tik tok and Twitter sub accounts and I have yet to break 20k followers. It is all bullshit.
@@nenadmilovanovic5271 Try a get rich slow scheme:
Find something lots of people want a little or a few people want a intensely, and make it your life to provide it to them. Systematize it, and pay other people to help you keep the system running and helping more and more people. Help more people better than the competition.
Or either get lucky or whine about not getting lucky.
what are notes or ious?
@@nenadmilovanovic5271 Stocks/crypto usually generate better income the larger your invested amount is. 10% yearly on a million is $100k just for having invested a mil in the S&P500, let alone a stock that performs well such as AMD, which would've netted you 3x your invested amount within a year. Don't expect to become rich with $4k in a coin unless you're either a) patient and let it ride out for a minimum of 10 years and still need some luck considering Bitcoin was the first coin while there are thousands now b) get (extremely) lucky
Lets all take time to appreciate the video edit and transition every detail was presented very well! Good job!
Now few people will say:
The problem is that, not many people will find a rich dad next door who is willing to teach a son of a poor dad. Robert was fortunate.
This is like saying:
Huge companies like apple, google and Amazon started from a garage... What's your excuse??
I don't have a garage!! 😂
he didn't have internet.
I mean, this is why theres a book...
That's why he wrote this book.
If you keep that mentality opportunities won't open up to you since you won't know how to spot them
@@dailysuccess.podcast exactly!
I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio of $450k dwindle away is such an eye -sore.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
@@AnitaCacoa I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?
@@SallyW414 The adviser I'm in touch with is 'Dawn Maureen Humphrey, she works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me his strategy works hence my result. he provides entry and exit point for the securities I focus on.
@@AnitaCacoa she actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing
The market trend can turn around very quickly. In fact, the indexes often switch from a bear market to a bull market when the news is at its worst and the mood of investors is at its lowest point. I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?
In particular, amid inflation, investors should exercise caution when it comes to their exposure and new purchases. It is only feasible to get such high yields during a recession with the guidance of a qualified specialist or reliable counsel.
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diverssify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.
This aligns perfectly with my desire to organize my finances prior to retirement. Could you provide me with access to your advisor?
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $21k ROI, and this does not include capital gain.
@@martingiavarini Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.
@@hermanramos7092 I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance wealth managers you could check out. I have been working with “Catherine Morrison Evans” for about four years now, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her.
@@martingiavarini Thanks for sharing this. I did my own little research, and your advisor looks advanced and experienced. I wrote her and dialed her twice but she didn't pick up so I scheduled a phone call.
A number of the most eminent market experts have been expressing their views on the severity of the impending economic downturn and the extent to which equities might plummet. This is because the economy is heading towards a recession and inflation is persistently above the Federal Reserve's 2% target. As I'm aiming to create a portfolio worth no less than $850,000 before I turn 60, I would appreciate any advice on potential investments.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
@@HelenaBonham-pz4ly I've been in touch with a financial advisor ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
@@ladymariangray
@@CurtisStammer My advisor is “Elizabeth Pan Holt”, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
@@ladymariangray thank you for this tip , I must say, Elizabeth appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
This book changed my mindset about business, money, debt and taxes. Life-changing information inside this great book.
Such a shame this information will never be taught in schools.
It’s taught in business schools.
But business schools cost a lot of money
@@stamatimarlon6340because they do the rich dad
The world needs various professionals! All have their own specific values! All people should not be determined only by Rich and poor!
Rich Dad Poor Dad: Fail your way to success by conning others. I have no doubt that this man has helped some people, as very evident in any of the events you attend or from the books that you read. But we also don't hear about all the failures, about the people who lost money thanks to this man, or instead the blame is placed upon the individual with none for Kiyosaki. Not to mention, his advise and the people that have followed his advice have played a part in leading us to the financial housing problems we have today.
Rich dad: becomes a landl*rd
@@FrozenVictory take the land so people have to pay to live :) rich dad: you have lots of money (which i give you) so money will work for you. poor dad: you have nothing (cause i have nothing too) so find a job :) the key it's to be born in a rich family and so on :)
Financial Housing Problem that we have todays is caused by people doing exactly opposite of what Kiyosaki tried to teach. You clearly have no idea what you are talking about.
@@vuthanhlong216 No it isn't. The key is to seek knowledge and think like a rich man. So what you lose money, everybody does starting out. As someone who's attempting to follow this book starting from a poor family, it's not about how you start although a rich start gives you an advantage. The key is not to be born physically rich, or even be born mentally rich. The key is to LEARN, have an open-mind with things and be creative. Take a look at everything you do, see what you can make money from and TRY. I wish you the best of luck in whatever you do in the future.
@@FrozenVictory Why are we censoring the word "landlord" ? I don't get it, is this a new trend or something?
My reflection after watching this video (didnt read the book): different people have different priorities. This book's wisdom focuses on money and money generation which is good wisdom. How much to apply to real life while actually enjoying real life is for one to discern and balance. Sometimes, not building assets can be such a relief and net much much more.
How are you even gonna do that without money? The point is to grow your money until youre financially stable enough to afford that expensive vacation and continue your life afterwards without needing a loan or cut things out of your life
@@The_Queen_of_Hell if ur not born in rich family already, even if ur sucessful from nothing, by the time what you say happens u will be 50-60 years old and i dont think those are the best years to make use of that money
@@KacperGodfather exactly
( what you just said is a middle class mindset)
You will need to sacrifice and build an asset
Let your asset pay for the vacation and other liabilities.
Literal poor mentality
You were born to be poor if you think like this
If you want balance and enjoy your life everytime, you deserve to be rich
Huge red flags:
1) Telling people that going to school is basically useless
2) Telling people to invest in crypto (LOL)
3) Telling people that buying a house is for the poor (but then list real estate as an asset?) You can buy a house and turn it into a rental property...
It's such a naive book
1. go to college acquire any degree that you want in any field
2. do not invest in crypto
3. Buy a house the bank is an asset with what ever interest rate and in 30 years see if you make more than you paid for overtime fyi not everyone makes money in real estate
A lot of the millionaires are heirs. Real selfmade millionaires are investors . And there is nothing like luck but taking risk and timing included. And you need a some education. To become a millionaire by yourself should not be a goal (depends on country) because its just out of reach.
you're right, but any Investment without a proper guidance and experience is suicidal
@Funmi Tejeey
You're lucky
I Lost 10,600 dollars trading with an unprofessional trader.
can you teach me and what's strategies do you use?
@Funmi Tejeey
Thanks, I will do just that right away
Obviously often times we just look for what to invest in and usually encounter these problem. It's either the money is too huge for what I want to invest or it could require more than expected
I recently discovered your channel by accident and your content blew me away. I'm a visual learner so the way you structure these videos and animate them is just so catchy. It's like you're watching an award winning tv-show but you're actually gaining so much from it. You gained a new subscriber for sure! Keep up the great work and I can't wait for you to drop part 2! ;)
I listened to RK before COVID as an employee. Now I adopted his teachings but applied what is appropriate since this is an American view. Now I have a business while keeping my job all real estate. Business is frowned upon in the office.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market.
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
@@PhilipDunk that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you.
My advisor is “Vivian Carol Gioia” highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
@@PhilipDunk Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
You are literally one of the most underrated RUclipsrs here. Your videos deserve more than a million likes
"When emotions rise, intelligence falls" - Robert T. Kiyosaki
What you can get out of this is : « oh it’s normal to be exploited, if you don’t want to be, exploit others ».
Nice.
Money should neither be treated as "Too Good" & nor as "Too Bad". It's just a Resource. The more you have, the more you can spend. That's it. It will keep you Humble, away from Greed & even from Poverty ! 😊
Enjoy the Life, while you still have it 😉
yea, i dont like this book. How bout just be wealthy to take care of your family.
Then stop crying about being poor and not having money.. the government is never going to help you ☺️
It's fine to works for someone else, as long as you enjoyed that. Not being rich is not bad, as long as you are satisfied with what you have.
@@jmonie02 as well , its not for everyone, if everyone buy assets like apartments for rent , who will rent them , who will work everyday jobs, how many people need to run every day live around as?! Everyone richer every day?! Really possible? How many of your salary and how long need to save money then someone let you have right to rent to someone?! Are someone thinking about 7 years after that you can start have second home to star rent?! And so on , it’s not so quiet quick as someone want to show , I think..
Money is a symbol of Whats behind it
Wow. This summary video is very well done. I appreciate and love it a lot.
Please, we`d like to see the second part of this video. Thanks. Please note there is higher demand for your service with the pandemic!
The key takeaway of this video is, start a company or business that is run by the people that dont have the economic literacy that you do. AKA exploit the illeducated. Become the boss that does not pay a relative fair salary compared to the revenue and profit of the company and the stakeholders.
If they are happy with it what's the problem, some people don't even care to listen to financial advice and they love their professions or their simple job, let them make you money but keep them happy
@@bassam_salim yes that is a posibility, but as the video and the book portrait the work life emotionally more accurate, where often people feel trapped in their job, and fear layoffs. The minimum wage existing also shows us that there clearly is a need for a minimum, because bosses would otherwise go as low as people would accept. this is not good just because people accept it, since the acceptance is not independent from being able to aford basic living expenses.
The idea that if people are happy (or more often silent) about their wage, does not mak it ethically sound. If the net profit from my business is more than a 100x the average salary of the non-manegerial staff, im clearly exploiting the staff. i could afford to give them a more fair value for the value they produce with their labor.
If companies really made people happy out of solidarity and lack of greed, as the video entails. then in the purest capitalist country in the world: the USA, Things like company provided healthcare, housing, travel expenses, vacation-sick-maternal leaver would all be better funded. but its not, and people are for the majority not happy with their jobs.
@@bassam_salim the myth that people are happy with a simple job, only exists when their company pays them well and acomodates for a healthy work life balance. however this does not happen volunterally for about 99,8% of all companies. thus government needs to step in.
this means that those who agree with the mantra's from this video ARE indeed greedy and controlled by fear of losing their wealth. after all, what does it take to be satisfied and say "i have enough" if you want we could calculate it ;) the rest of the money you'd have could go to developing a greater world right?
@@tenjin5586 your comments make me doubt if you really have read the book, otherwise you don't understand it. It's funny because he literally talks about what you said in the book. To make your comment short, you're basically saying the rich are crooks. You're blaming the rich for "exploiting" the poor and getting mad at tons of other things. This is literally a lesson in the book. Life pushes you around, it is how you react to it. You either learn from it and get smarter or, like you, get angry at everything and everyone. If you, as an employee, aren't happy with your current salary then gettind angry at your boss makes no sense. I also just don't understand what you're trying to say? Do you want businesses to give their employees millions a year if they convert billions? That wouldn't make sense. Think you need to read the book again and read with an open mind
There is a reason there is no such thing as a billonare that does not exploit
My dad is making me read this book. So I I just watched this. The cartoons help me understand better than words on a page thank you soo much
6:24 that's the biggest MYTH, and Kiyosaki knows what he's doing by re-enforcing it. It IS about how much you make, frugal living and skipping the occasional coffee won't EVER make you rich. The RICH want you to believe it. When you try to SAVE, you end up being comfortable in the job you already have (maybe a dead-end one), instead of being dissatisfied and looking for better options. I went from trying to save every penny to thinking of ways to increase my income by diversifying income streams. Worked out a lot better )) Seriously, instead of penny-pinching, think of your strong skills and how they can earn you money (active, passive doesn't matter in the short run).
Facts
That’s one way to look at it, the way I see it is it’s telling you that the more important thing is increasing your profit or how much money you get to keep from something
That's not what he said. He said it's not how much money you make it's how much you keep. When you have an asset over a liability, the asset brings more money in (keep) while a liability is a loss of money. Having a liability is essentially the same thing as spending money, even though you are not actively scanning your card to spend money. That's what Kiyosaki meant by that quote.
This book is so interesting, because according with Robert Kiyosaki, you can do anything you want in your life, anything.... EXCEPT join a Union. His hate for unions on his book, borders the psychosis. And on the top of that, his best advice to make money is simply to prey on people who are about to lose their houses due to foreclosure. Which is basically what every shark out there does to earn a living.
Basically be a scammer, seems like he says don't pay taxes too 🤣
@@123shotas Isn’t that your goal as well? Be a person you hate now that doesn’t pay taxes. Shi i see it as a challenge. I want to get to that point were i can financially say fuxk you to the IRS. I believe this should be everyones goal. Instead they become filled with hatred and get distracted from the real goal!!! Make money work for you!
I’d like to become rich without preying on ppl who are about to lose everything… it’s hard out here for a pimp
If your plan is to hold on to your current job while earning a pay you're barely satisfied with and spending it all every month on expenses, by all means join a union.
Imagine how horrible the world would be if everyone followed Kiyosaki's advice. It's a parasitic way of life.
The way Secret Pathway To Triumph dives into the concept of abundance is mind-blowing. Secret Pathway To Triumph tips are pure gold, and I wish more people knew about them.
Real Value to the RUclips World. Thank You Soo much Please keep creating such amazing content
Thankyou Moaz.. :)
@@escaping.ordinary Best of Luck
It’s amazing how this book is basically about perception and how you perceive things, and I love it, most of the time wealth and rich isn’t inherent, it’s viewpoint, a mentality
4:00 "The wealthy see it as an opportunity to learn" the wealthy dont work hard from a young age, those who do are the exception and are pushed by their parents, knowing very well that if they quit they have a savetynett (their parents) and thus they have the recources to make mistakes, in business ventures and in work. For those who learn (minority) and those who dont give up (minority) they still use their priveliges and het further with the same work. if my dad was rich, all my work as a teen, all my ideas, would have gone into a plan to exploit that effort and creativity for monetization. the poor never give up, if they do they become homeless within a month or die. there is no imaginary "Option" to give up.
facts!
It's an old criticism of the book. It's an important cavite when considering people may read this stuff and judge their own worth or their parents decisions, but the reality of the statement is true, the privilege of being able to view work as an opportunity that way is a huge benefit and is important to success. Even if you are broke, it's good to try switch the mindset to review the drudgery and see where value can be gleaned from your invested time beyond the salary.
@@Canadish Yeah this is the way to look at it, ignoring the author or any get rich gurus on RUclips who think they know what everyone needs to do. On a small scale, yes, you should make smart decisions about your finances. But on a large scale, capitalism is a tower and a tower needs its base. Only a few will ever reach the top while the majority remain at the bottom. No get rich scheme will ever change how capitalism functions and the inherent unfairness of who gets to climb to the top.
lol SAFETY NET, PRIVILEGE
The visuals are brilliant and very engaging. I wonder how many hours the creator has taken to put this together. Great job!!!
L
another thing in this amazing book that hit me really hard
J=Just
O=Over
B=Broke
"BROKE IS TEMPORARY,POOR IS ETERNAL"
See the difference and apply it marites.
Marx you my friend are the best!!!
Clear cut, concise and precise.
Thank you so much for your time and effort to provide us with the best content.
Definitely can't wait for part 2 and wish you would make the same for other popular self-improvement and financial literacy books.
Be blessed!
The collapse of Margin debt leads to a decrease in stock prices and trigger a wave of selling as investors try to cover their losses, Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $145K for sometime now, my major challenge is not knowing the best entry and exit strategies ... I would greatly appreciate any suggestions
I'll suggest you find a mentor or someone with experience guide you especially in this recession. especially for your 401K, IRA and portfolio diversification.
@@raychristopher7797 I agree, I thought I was doing alright profit wise, until I needed assistance with diversification, I reached out to a financial advisor and in less than a year I was just $51,000 shy away from $640k which is like 7x more than I make on my own..
@@jesbensommichael8397 I've been thinking of going that route been holding on to a bunch of stocks that keeps tanking and I don't know if to keep holding or just dump them, think your Inv-coach could guide me with portfolio-restructuring..
@@raychristopher7797 This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name KRISTIN GAIL CUNNINGHAM and everything changed. I started enjoying huge returns from my investment.
@@jesbensommichael8397 I just looked her up on the internet and looked into her credentials. I wrote her a letter outlining my financial objectives and planned a call with her
i've read the book and i think the book is doing an amazing job about teaching principle and integrity, really help when i feel lost
The video and the summary are great. However the views of this book shock me as very simplistic.
For a first touch ever on financial concepts is ok, but the approach with the rich-poor dad is disgusting. It explains the "trap" of the capital but the tone implies the poor wants to stay poor.
Yeah, Food, Clothes, Housing are expenses... but there is no workaround. Instead of paying my house with a mortgage I should try to rent it... Good advice, if I have anywhere to live!
It's just too plain, I understand it is an overview and I see why someone who is not familiarized at all with Liabilities/Assets or Balance Sheets, can like this.
The main factor the book is missing is the saving capacity of individuals. This cannot be applied by poor people because they do not have enough margin to profit from their money! For a middle class worker with a decent enough salary some ideas can be useful.
I genuinely don't understand why this book is so famous. Anyway, thank you for the video! I always had curiosity about the book and honestly, you have saved me some hours!
@Ivan well said! Very reductive analysis from someone who is already quite wealthy themselves. Additionally, telling people that creating a RUclips channel is a viable form of wealth generation is asinine. It works for a few but having a youtube channel that "earns money as you sleep" is about as likely as playing pro baseball.
@@Public_waste its basically a roundabout way of saying "if you poor, get money, if you jobless get a job" lol
@@Jay9966 it also focused to say to do business & invest rather than getting a job only
He is talking more about the mindset. Poor mindset and rich mindset, which is very necessary to generate earnings.
@@ibr2158 i have the "rich" mindset, yet i still remain poor.
which proves that just having the rich mindset doesn't automatically work.
it's even harder for people who are in 3rd world countries.
when you're poor you cant just avoid liabilities and that is most observable to those who have to start their life from scratch/fundamental because their family wasn't able to.
while i understand the point of the video/book. it really isn't just for everyone.
Thankyou for this type of content, that helping million of viewers...
I'm a 16years old and have ambitious dreams.
I think watching RUclips is teaching me better for financial management and how to be actually rich.
Than learning from school that have poor educational system that have primary objectives to teach students on how to be good employees. 😧❤
Best summary of the book I have seen. Awesome work. Just starting to learn this RUclips thing myself. 👍👍
Despite the economy crisis, this is still a good time to invest in stock and crypto.
The rich spends less and invest more.
Investing in this economy crisis will be one of the best thing to do this year.
You're right stock and crypto are the best to invest on right now.
With the state of economy now man's really got to invest in some digital currencies, It's been quite lucrative.
She is on
0:52 your math is dead wrong and you expect me to take the rest of the video seriously 😂
Right
@@KnollandVoed-jp7lp taxes
*Well, I never had a rich parents but at least I have Mr GARDNER to TEACH ME.*
Getting money is an issue that everyone has needs in order to live a better and luxurious life.
@@dianebuzz1346 Not only that.
this is not the first time i am hearing about Mr Gardner and his trades exploits but I have no idea how I can reach him, before now
@@stellaward7884 I stumbled upon one of his client TESTlMONIES about SIR Gardner then I decided to try it out ...
Now im getting my third cashout in two days
Third winning all thanks to him.
This was a great summary of the book - thanks!
The problem is that in capitalism someone needs to work for the rich. If everyone had the "rich" mindset, who will work for them?
this is so good - looking forward to part 2!
Thank you so much...opened my mind...on asset and liabilities
This book inspired me to become an entrepreneur one day when I was in my 20s. It has also inspired me to read similar books. Your videos are professionally produced and highly engaging.
So encouraging! Good luck! =)
The best decision I ever made in my life was investing in financial market. Trust me guys, it pays!😊
You're right 👍
I bought Bitcoin and Ethereum August last year and I made 6grand into half a million after taxes. Now I took that half a milli.. basically made me more money than 35yrs in granding within 6 months. That's digital currency
Life is so precious, when you know you own a property or an investment to always keep you on go...I have no regrets starting my journey in cryptocurrency.
@Jose goncalo I've been trading with Mrs Sonia for a long while now she's really amazing and trustworthy she has the skill level of trade always winning with her trading platform
She's really amazing with her skills..she changed my 0.5btc to 2.1btc
The world needs various professionals! All have their own specific values! All people should not be determined only by Rich and poor!
When out of touch people give advice on subjects they have no inkling about.
Poverty isn't a choice, neither is getting out of poverty.
Lesson 1: What makes us different is knowing *exactly* why we are working and what we want. Sticking to a plan so that not even the hardiest salesman can deviate us from the goal.
This is very.. interesting. I'm 13 and I've always had dreams of owning businesses and to be rich
This is a well detailed and informed video. I'm here to learn how to invest after listening to a guy over the air talk about the importance of investing and how he made $410,000 in 5months from $180,000 startup. Somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas
Investing in crypto and stocks is a good idea, a good system would put you through many days of success
We need to act consistently as investors and not as a speculators on the market if we look forward to profiting from the market
Having monitored my port_folio performance which has made a jaw dropping $370k from two quarters alone, I've understood why experienced investors make enormous returns from the market
Interesting, I have a lump sum doing absolutely nothing at all in my bank account, I wanna get something started with it. You seem to be doing excellent for yourself. Do you trade on your own?
I'm trading with Expert Mrs Denise Mitchell, a FINRA regulated broker. Met her sometime early last year at a startup funding event. She had some interesting things to say about the state of algorithmic trading today, very obviously, it's reflecting on my portfolio
Please do a summary on "Think and Grow Rich" And hats off amazing editing skills you have 👍
Thanks Zaid.... Think and Grow rich.... I will definetly do that book soon ;)
Shout out to u for listening to a fan and actually making the video 👍
You actually did make the video, thanks Marx.
@@kyalokisangau1011 Good to see you here,i know our people are awakening and doing great from this knowledge. We used to spend many years looking for better jobs and doing little investing.
Instead of "I can't afford it" ask yourself how can I afford it? Best lesson from this book
This book feels like it was written solely for people that just won the lottery.
It’s like “I know you’re poor, but if you were rich you could buy an apartment complex and make money from that”
Cool, I’ve gotta pay my bills. Should I sell all of my possessions quit my job and live on the street until I start a successful business. Oh I forgot banks won’t give you a loan unless you have a job.
Word I noticed that too
All these people who sell these books and courses are all scammers! That’s exactly how they continue to stay rich, by selling you just those things lol
Kiyosaki is a grifter lol
Keep paying bills but pay yourself first
All you need to do is write a bullshit book with vague bullshit ideas that people find desirable. Then sell it for profit. That's the secret to getting rich with capitalism.
I recently inherited over $1 million. I REALLY need to make this money work for me, and not just disappear over time. I've been scrambling for somewhere to put the money, where I can make an effort to use the gains to pay bills so I can quit my job . All roads have pointed to the financial market of some sort which is a good idea buh where else should I put money besides the financial market? We have a 13% RPI rate so cash is tough.
Yep great question and that’s always the one - where would you rather be if you have an option. Personally I’m always invested aside from a small emergency fund. Financial-market for me seem the only way forward with my long time horizon (accrued over $200k in gains since 2020 ) but if you don’t have that fortune of time it’s a tough market out there almost nowhere feels safe! . Just know the risk you're comfortable with . Mistake is expensive
@@svengrot7943 very informative, one option I suppose is, if you were to invest a set amount buy the whole share in a ETF and the remainder could go into a index for which would allow you to purchase the fractional shares, is that an option?
@@svengrot7943 You inspire me, over $200k is a milestone, how did you achieve that? I guess you have a proven trading strategy that you've spent a lot or willing to spend a lot of time crafting and testing.
@@blaquopaque Lol, I began with a fiduciary portfolio-advisor by name *Katherine Duffy Burke* . She’s sec verified and an ISDA member . Her approach is transparent allowing total ownership and control over my portfolio and fees are very reasonable in comparison with my ROI.
@@kansasmile they are platforms like Invest Engine and Trading 212 do allow fractional ETF buying so they can solve some of the problem for you :). In the background they have to buy full shares, but they let you buy them in fractions.
thats a nice youtube asset you guys are growing. smart
This video was so well executed and super helpful. Still waiting for part 2. Till then, I'll practice what I've learned.
Same here
It's been 3 years and I'm still in chapter 7 of the book 😁 Good thing I came across this video. I used to be obsessed with learning technical skills as an engineer but things have changed especially when I opened a small F&B business in my hometown during the lockdowns.
is it better now that youre shifting your career on F&B business?
I finished 70 pages in one day because it was soo 😌
The concept of Secret Pathway To Triumph blew my mind. It’s like finding a cheat code for financial abundance.
2:03 Summary begins (skip intro)
2:32 Instead of thinking "I can't afford that," think "How can I afford that?"
2:56 Being broke is temporary. Being poor (the mindset) is eternal.
3:03 Lesson 1: The rich don't work for money
3:05 The poor and middle class work for money. The rich have money work for them.
3:59 The wealthy see it (obstacles) as an opportunity to learn
6:13 The rich don't trade their time for money
6:20 It's not about how much money you make -- it's about how much you keep
6:48 Acquire assets that allow you to generate income
7:03 Assets put money in my pocket. Liabilities take it out of my pocket.
7:23 Assets generate income
7:41 Rich people acquire assets. Poor people acquire liabilities that they THINK are assets.
8:36 Rich people: Income (dividends, rental income, royalties, interest) -- Assets (stocks, real estate, bonds, businesses, intellectual property)
9:44 Asset examples: an apartment that generates monthly payments from tenants, a business that doesn't require you to be present
11:10 For the average person, every dollar earned from January 1st through March 16th is taken by the government (20% of your income). Over the course of 40 years, 6 years' worth of your wages is taken by the government (via taxes)
11:37 Focus on obtaining assets that generate cash flow
11:55 (Recap of what's been covered so far)
12:25 Rich focus on their assets. Poor on their income
12:56 Assets to focus on: businesses that don't require your presence to operate. Stocks. Bonds. Income-generating real estate. Notes and IOUs. Royalties from intellectual property (music, scripts, patents). Anything else that generates currency and appreciates (Cryptocurrencies, RUclips channels, etc.)
13:34 Once a dollar goes into your assets, never let it come out again.
13:40 Every dollar you put in is an employee of yours
14:07 (Another recap/summary)
Love the breakdown. With what I’ve learned over a decade investing, given enough time, solid investments have the potential to double the initial principal amount, but many investors are instead attracted to the lure of high yields in short periods of time despite the possibility of unattractive losses before even getting out. So the onus is on newbies to beware.
What ways would you recommend to someone who has no experience whatsoever and looking to make some money?
@@Skypuffxl As long as you diversify your portfolio, any single stock that you own shouldn’t have too much of an impact on your overall return. If it does, buying individual stocks might not be the right choice for you, as you can also try out the Roth IRA or I series bonds. Even index funds will fluctuate, so you can’t get rid of all of your risk, try how you might. With help, these are achievable. Levi Clemans, a pro Fiduciary oversees my portfolio. You can look him up online, and connect him.
You also need to know that it’s possible to lose money, since stocks don’t have principal guarantees. If you’re looking for a guaranteed return, perhaps a high yield CD might be better.
With Clemans' oversight, I’ve been able to select well run companies with strong finances and a history of shareholder friendly management practices that have made me good gains in the past months.
@@VikturneerRight? I think I’ll have a look at that and maybe add it to my portfolio. But is it possible to beat the market?
I absolutely LOVE that you made this amazing video!! I have know about this book and have read a little but you really have done an amazing job of creating this visual summary of the concepts in the the book!!! I cannot wait to see the second part, hopefully it is already available because I guess this video is 2 years old, well you are very talented and should be very proud!!
The different between a rich man and a poor man that a rich man doesn't pay for others , others pay for him
. A wise man said