Rich Dad Poor Dad Lied To You

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  • Опубликовано: 10 янв 2025

Комментарии • 1,2 тыс.

  • @Polkroe
    @Polkroe 2 года назад +159

    Thank you, i never miss your videos, i pretty much always learn something new and you manage to make it entertaining as well !

    • @CodieSanchezCT
      @CodieSanchezCT  2 года назад +22

      Yes!!!

    • @zinniedel
      @zinniedel 2 года назад +5

      @@m.r.d.9406 it's not her hope you know that

    • @tanmay_6363
      @tanmay_6363 2 года назад +2

      ❤💕💕🐇👌🏻

    • @PlayhouseRomeo
      @PlayhouseRomeo 2 года назад

      @@zinniedel 009

    • @NINEDOTCOM
      @NINEDOTCOM 2 года назад +7

      YES!! I just found her 2 weeks ago and have been binge watching her videos and they are NEVER boring 😎🏆💰🤑

  • @sneakyquick
    @sneakyquick Год назад +109

    His books made me realize that I needed to start a business. After 15 years my business pays my entire salary as passive income. I currently work a six figure senior management job because I want to and I bank my entire paycheck. I can retire whenever I want but now I work because I want to.

    • @Not_Salman
      @Not_Salman Год назад +12

      I knew she was misleading. Rich dad poor dad is actually making people rich

    • @immortalgaiden
      @immortalgaiden 10 месяцев назад

      no, he has come out as a fraud. at least what I have seen recently@@Not_Salman

    • @EmilyGloeggler7984
      @EmilyGloeggler7984 10 месяцев назад +10

      @@Not_SalmanIt’s making Robert Kiyosaki rich even though he has gotten into lawsuits. Please do your research thoroughly.

    • @pavlove100
      @pavlove100 9 месяцев назад

      Wow enough said!!

    • @xmanc5687
      @xmanc5687 7 месяцев назад +4

      @@Not_SalmanI would say Rich Dad poor Dad is Philosophical book on how the rich think.

  • @XcessCapital
    @XcessCapital Год назад +195

    Rich Dad Poor Dad is a life changing book if you read it early enough. I read it at the age of 26, changed my entire way of thinking, and had a net worth above a million dollars 5 years later(2012). Once you're locked in to an expensive life it's much harder to make radical changes, even for a short period of time. If you continued following his series of books, they go in to more detail. He was 100% correct then, and 100% correct now.

    • @zachariambewe8016
      @zachariambewe8016 Год назад +7

      I agree with you and also people read books differently some will finish the boss some will not and assume they understand it

    • @revoltpv
      @revoltpv Год назад

      Yeah she us just baitclicking people to get views not really deserved so arrogant to pretend she corrected him. "Zuckerberg an employee..." that's funny not educative.

    • @beaudinetm1693
      @beaudinetm1693 Год назад +20

      I rather read his books from a Man whos years in experience than some young you tuber.
      Robert kiosaki speaks from experience.
      I don't normally read books but
      The last two moths of reading his books have really changed my thinking

    • @tommyair7
      @tommyair7 Год назад +2

      spot on

    • @senthilk4544
      @senthilk4544 Год назад +1

      Hello good sir, pardon my intrusion.. I'm quite young right now and I will become a billionaire one day.. Is there something that you wished that you knew before starting your career... Thanks in advance!!!

  • @NoName-jq7tj
    @NoName-jq7tj Год назад +20

    True financial freedom is when you are free of the worlds’ temptations & have found contentment in life.

  • @ianendangan7462
    @ianendangan7462 4 месяца назад +9

    No RK is the reason why I ventured into business. I did is to adopt his teachings to my local settings. I now have two business's but I still keep my day job. It worked on my case but you had to tweet it to your needs.

  • @3rdWorldGamingHD
    @3rdWorldGamingHD 2 года назад +263

    This book changed my life 4 years ago after reading it. Completely changed the way I looked at things financially.

    • @adrianapollyon5087
      @adrianapollyon5087 2 года назад +28

      It is one of, if not, there best book for entrepreneur thinking.

    • @SenorJuan2023
      @SenorJuan2023 2 года назад

      It confirmed what I knew as a college student. That the system was rigged to get you in the rat race. Problem was it was hard to get specific information on how to make money other than via conventional investing. Now we have the internet and youtube and there's all kind of good information.

    • @oakjim206
      @oakjim206 2 года назад +24

      I read cash flow quadrant first, but it was basically the same book, lol. He repeats himself a ton in his books, but he absolutely changed my life. So thankful for Robert. However, never stop learning, and don’t take anyones word as the gospel. ✌🏻

    • @jxstice0073
      @jxstice0073 2 года назад +1

      what is the name of ( this book)

    • @sumaven
      @sumaven 2 года назад +2

      are you a bot ?

  • @dimi3446
    @dimi3446 2 года назад +132

    Kiyosaki is correct and you are correct too. Learning taxes and debt is the first step because we don’t like taxes and studying it a little bit will not stop someone from making the income they have planned. Then what you mentioned is also interesting and it is perhaps the next step after Kiyosaki.

    • @CodieSanchezCT
      @CodieSanchezCT  2 года назад +11

      Agree

    • @eddiegomez3628
      @eddiegomez3628 2 года назад

      Yup I agree

    • @michael12ware
      @michael12ware 2 года назад +11

      @@CodieSanchezCT I do think it’s funny how you say his cash flow quadrant is incorrect then proceed to make your own lmao 🤣

    • @prodbypella
      @prodbypella 2 года назад +10

      Robert Kiyosaki have all of that in his Other books 🙄 bruuh

    • @MarshMakesComics
      @MarshMakesComics Месяц назад +1

      Except if you read more than Robert’s first 2 books you’ll see he also talks about what she talked about here.

  • @ronniehoffman8332
    @ronniehoffman8332 2 года назад +137

    Great title Codie! But I don’t think he “lied”… and I don’t think he was wrong. I think you just “added to” or went more in depth, which most surely adds value. Keep up the great work!

    • @Ace-Ace1
      @Ace-Ace1 2 года назад +20

      It's nothing more than a click bait title. You got it correct with the "add more." Some marketing must be going on because I'm seeing more of Codie on the RUclips algorithm

    • @randomguy4039
      @randomguy4039 Год назад +17

      She went more in depth IMO.. Everything she said is in the book tbh

    • @MatthewCleere
      @MatthewCleere Год назад +1

      I'm not so sure. What is a lie? If a cult member told you that he was leaving on a comet that is passing by the earth, is he lying if he really believes it? Telling untruths is not limited to those guilty of knowing they are wrong. Also, she does have a very specific point about billionaires with W2's. Is it click bait? Sure. Is there a hook or a worthless time trap? No. Just yummy financial insight goodness. For FREE.

    • @uncledodad
      @uncledodad Год назад +2

      He made his money selling books.What a scam.

    • @coumadin75
      @coumadin75 Год назад

      ​@@uncledodadshe is doing the same lecturing others. Someone who is rich and well off doesn't need to make RUclips videos to make money it's a joke all these so called experts... Experts at everything but their expertise topic

  • @anthonyrussell5718
    @anthonyrussell5718 Год назад +289

    Jame, My husband and I are on the verge of retiring, Never did my husband and I make more money than others in the middle class. But with a $1.8million joint portfolio, we intend to retire at age 46 and 58yrs. I will also like to dabble with a short-term profitable investments that could give monthly returns.

  • @FrancesRyan-b2p
    @FrancesRyan-b2p Год назад +109

    Most rich people stay rich by spending like the poor and investing without no stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them

    • @LeonorFerreira-ur5th
      @LeonorFerreira-ur5th Год назад

      I invested $10,100 with her and she made profit of $53,000 for me just in 5days

    • @graceandpanic9281
      @graceandpanic9281 Год назад +8

      This comment is more accurate than the 10 minute long video I just watched.

    • @luisdetomaso867
      @luisdetomaso867 11 месяцев назад +8

      ​​@@graceandpanic9281Not accurate at all. Most rich people spend A LOT of money. If this were true, the parking lots in Greenwich, Connecticut would be full of Hyundais and Fords - but they are full of Maseratis and Range Rovers

    • @stevenmontplaisir3541
      @stevenmontplaisir3541 11 месяцев назад +8

      @@luisdetomaso867 nice things but the relative cost compared to their net worth is likely small.

    • @vickyvenner7617
      @vickyvenner7617 11 месяцев назад +1

      We know about rich people because they spend a lot of money. Elon musk doesn't not spend modestly, he's only one example but they are more rich people spending lavishly.

  • @Raymondjohn2
    @Raymondjohn2 Год назад +234

    Every day we encounter novel challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.

    • @kenanporubsky2122
      @kenanporubsky2122 Год назад +2

      Despite hearing that insider trading secrets could lead to making millions in the financial market, I hesitated to invest as I lack the required skills and a sound strategy to surpass the market and achieve profitable returns. Additionally, although I possess $160,000, I find it challenging to take the plunge due to a shortage of funds.

    • @martingiavarini
      @martingiavarini Год назад +2

      It is advisable to steer clear of cons that appear improbable. Seeking guidance from a fiduciary advisor can be helpful as they are highly skilled in their field and can provide tailored advice based on an individual's risk appetite. While there may be unscrupulous individuals, there are also remarkable ones with a positive track record.

    • @Oly_laura
      @Oly_laura Год назад +2

      @@martingiavarini How can I reach this adv-iser of yours? because I'm seeking for a more effective invest-ment approach on my savings

    • @Oly_laura
      @Oly_laura Год назад +2

      @@martingiavarini Thanks for sharing, 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 e-mail shortly.

    • @mieux9341
      @mieux9341 Год назад +1

      Man! $680,000!! You guys better buy some GOLD!!!! I would take $80,000 and buy gold, mabe even more.

  • @albertalbaytar4536
    @albertalbaytar4536 2 года назад +208

    Rich Dad Poor Dad changed me and became my source of courage to leave employment although it took me a lot of years before I decided. But that doesn't mean that I am closing my door to new school of thoughts and mentors. I've been following Codie recently and picking up a lot of gems from her.

    • @dplatoon8593
      @dplatoon8593 2 года назад +10

      This guy has been saying the samething for the last 30 years....still waiting for gold to explode in value...etc...etc...

    • @oakjim206
      @oakjim206 2 года назад +15

      @@dplatoon8593 he has been saying the same things because it still holds true. People don’t listen, and schools won’t touch what he says with a 10 foot pole.

    • @eksdeeee4113
      @eksdeeee4113 2 года назад +5

      @@oakjim206 Nah, Kiyosaki was relevant in the past. Not anymore

    • @edwintepuendikum3527
      @edwintepuendikum3527 2 года назад

      Very profound message
      Thanks for sharing 🔥🔥🔥🔥🔥👍🏿

    • @CodieSanchezCT
      @CodieSanchezCT  2 года назад +11

      Love that… I think he got a loottttt right

  • @bobholly3843
    @bobholly3843 5 месяцев назад +5

    Okay, I know this is a year late, but I stumbled upon this today. In the book, Robert...
    1. Never states that an employee can't be a billionaire. He uses Employee as a mindset, not a literal term. He even states his "Poor Dad" was very well off in the prime of his life, but had to constantly keep working. He wants you to figure out ways to have "money work for you" so that you don't have to work yourself to the bone until your 70.
    2. The Cashflow Quadrant, if you read the book he wrote on that does explain taxes, but again, it is not solely about tax status. It is about your Cashflow. Where is your money going to or coming from? Who has more freedom in deciding where they put their money?, etc.
    3. You basically ripped off other concepts he has written about and spoken about in his first two books to make your own version of the Cashflow Quadrant, the Investor Matrix.
    4. His first and most famous book, is about encouraging people to learn more about financial literacy, not how to create a business or make money. That comes later, but what he's concerned about in that work is getting people to LEARN more about business, markets, taxes, and all things money and financial to have a foundation for future endeavors.

  • @wykelized
    @wykelized 2 года назад +96

    His books transformed my thought processes with regard to debt , liabilities, assets, and cash flow. I went from financially destitute to doing okay for myself. The books and his quadrants specifically, didn't make me rich, but I'm still learning and growing. Perhaps there is room for both sets of quadrants in the mind.

    • @CodieSanchezCT
      @CodieSanchezCT  2 года назад +13

      Totally agree just with this one tweak ❤

    • @bloombyemelie
      @bloombyemelie 2 года назад +1

      @@CodieSanchezCT are the whatsapp comments you or a scam? I see many fake accounts using this tactic so I'm wondering...

    • @JayArmEnterprisesLLC
      @JayArmEnterprisesLLC 2 года назад +9

      @@bloombyemelie scccaaamm😂

    • @yeoldegrayCat
      @yeoldegrayCat Год назад

      @@bloombyemelie watsapp comments are 100% of the time a scam folks

    • @georgehuerta1990
      @georgehuerta1990 Год назад +1

      What I tell you is to go back and read it again and you will pick up stuff that you missed the first time. I know I have even his other books that I’ve read I’ve gone back and read again and picked up more stuff even the book of thinking and grow rich or mind of a millionaire. Those aren’t really good reads.

  • @renedavila654
    @renedavila654 2 года назад +70

    I don't regret reading his book. It helped my family get out of a financial disaster. Him and Dave Ramsey The Money Makeover

    • @vr6204
      @vr6204 2 года назад +4

      How did it help?

    • @renedavila654
      @renedavila654 2 года назад +3

      @@vr6204 It motivated me to seek out further translate the language of money. Money IS a language. Numbers can mean a lot of different things, sometimes years of heartache if you're not careful. It also showed me a big picture of how going to a day to day job isn't going to get me not only out of debt but surpass the normal confines of regular living.

    • @mannyt2598
      @mannyt2598 2 года назад +2

      These are two really good books when starting your journey.

    • @JesseKegg
      @JesseKegg 2 года назад +1

      This right here

    • @gabrielaj2066
      @gabrielaj2066 2 года назад +1

      @@renedavila654 rich dad poor dad help you?

  • @tylerdurden5122
    @tylerdurden5122 2 года назад +26

    Codie, I was very disappointed to read this title. I read Rich Dad as a 19 year old in 1999 and it changed my life. I never went to university, was a painter by trade, never inherited or was given anything. I am a 42 year old retired multimillionaire now by adhering to Rich Dad philosophy. Robert didn’t lie, he just explained things in a different way to you.
    Your content is too good to cheapen it with clickbait titles like this. Do better.

  • @Kv9UyjRJ
    @Kv9UyjRJ 4 месяца назад

    Just seen this appear my feed, have marked it for watch later, this looks very important and I don't want to miss this.

  • @ThomasSmith-z5q
    @ThomasSmith-z5q 3 дня назад +581

    If you want to get rich the only thing you need is the book 25 money secrets from Donlad Trump, 10/10, trust me on this one guys

  • @RAJAY.GAMING
    @RAJAY.GAMING 10 дней назад

    I like the twist you added to the video. You educate the viewers and you gave them an understanding of where they are. “This video is not about some guy and what the do, this video is about you”👍 the title serve as a hook at first which kinda like forces you to listen to everything

  • @KNOCKOUTBUSINESS
    @KNOCKOUTBUSINESS 2 года назад +21

    Rich Dad Poor Dad is an amazing book, I watched this video and still have no idea how robert kiyosaki was wrong. Not cool to try and being someone down just so you could come up

    • @Ammar23217
      @Ammar23217 Год назад

      Exactly. I still cannot understand what was wrong in the book.

    • @MrRight-v2s
      @MrRight-v2s 4 месяца назад

      @@Ammar23217She admits the title is clickbait by liking comments that say his book changed my life for the better. She is trying to say he didn’t mention this or that! Perhaps her title should have been how to enhance rich dad poor dad!

  • @jmd-k9928
    @jmd-k9928 22 дня назад

    Awwe! Poor Bambi displayed behind her. 😢

  • @brysonz
    @brysonz 2 года назад +77

    The principles Robert teaches in his books are more beneficial in the real world than any book I picked up in school. Rich Dad poor Dad is a great book to gift a high school graduate.

    • @BRlGADE_KINGPIN
      @BRlGADE_KINGPIN 2 года назад +12

      you are 100% right. I don't know what this lady is talking about.

    • @korgond
      @korgond Год назад +1

      +1 💯

    • @Steponlyone
      @Steponlyone Год назад +3

      If you want to know how to get rich scamming people with MLM schemes or how to get poor buying in those same MLM schemes, yes, his books are cool. If you want to learn about finance, not so much :)

    • @ethanlee-c3d
      @ethanlee-c3d Год назад +2

      Robert is actually really good just not the only teacher. Real estate is a big part he's legit I think but I need more than one teacher

    • @sarahwales6276
      @sarahwales6276 Год назад

      Agreed!

  • @felicisimoabuyaboriii1915
    @felicisimoabuyaboriii1915 Год назад

    Thanks

  • @maxt1617
    @maxt1617 Год назад +2

    Good video. This is a neat summary of Robert Kiyosaki's 6 levels of investor in the back of "Rich Dad Poor Dad: Cash Flow Quadrant": his Level 1 investors are the 'spender-savers', his level 2 & 3 investors are 'general investors', his level 4 & 5 investors are the 'calculated investor', and his level 6 investors are these master allocators.

  • @ericwilde4583
    @ericwilde4583 Год назад +63

    Retired at 55 several years ago. $1M in the bank. More time with my wife. 3-5 trips to the gym each week that I couldn’t do while working. Way less stress. More time for hobbies. Cycled 5,000 miles my 1st year of retirement. Joined a golf league that work travel had prevented. Actually have seen our net worth INCREASE nearly each year in retirement, thanks to no debt and years of dedicated investing with my FA Olivia Rene Reyes. Able to help my elderly mom more. Way more time spent outdoors. Life is good!

    • @gagnecaron658
      @gagnecaron658 Год назад

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

    • @stanleyfujiwara1394
      @stanleyfujiwara1394 Год назад

      Consistently investing in quality dividend paying companies over the long term is a relatively easy strategy to create generational wealth.

    • @jerryscotfield6913
      @jerryscotfield6913 Год назад

      out of curiosity I did read about Olivia Rene Reyes on the web, she has a great resume

    • @walter.dlawson2580
      @walter.dlawson2580 Год назад

      Glad to see someone being honest about money, lots of people talk about it but no one really gives good advice on the matter, this is really refreshing

    • @godfreymashale9323
      @godfreymashale9323 Год назад

      Did a quick web search, she has a pretty decent bio, I wrote her and I'm waiting on her reply.

  • @LDW1961
    @LDW1961 Год назад +2

    Bob K sounds more unhinged every time he appears on TV.

    • @TonySchwartzNKY
      @TonySchwartzNKY 8 месяцев назад

      Agreed. You can tell a person's character in how he talks about other people. And RK is bitter as all get out.

  • @CoinKing13
    @CoinKing13 2 года назад +37

    Rich Dad is one of the best books ever written. Rich Dad didn’t lie to anyone and I think you are missing his major point which was to help people change their mindset so they can create cash flow investments that increase your net worth while reducing your tax rates.

    • @oakjim206
      @oakjim206 2 года назад +5

      Exactly. Being truly financially free is 100% mindset. Also, knowing the tax laws and how to benefit from them is essential on your path. Her knocking RK for his “tax brackets” is silly as that is extremely important information to learn, or you will be screwed.

    • @jtowensbyiii6018
      @jtowensbyiii6018 2 года назад +7

      You didn't watch the video

    • @Joel15269
      @Joel15269 11 месяцев назад

      You didn't watch the video and you didn't read Rich Dad.

    • @Bellspausy
      @Bellspausy 6 месяцев назад

      I did both I agree with her

  • @goose-F16
    @goose-F16 27 дней назад

    I love it! finally someone agrees with me on RDPD.. I spent a week with him back in the early days and came to the same conclusion super fun guy, but he wasn't able to articulate knowing where you are. we found on the cash flow game, the ones that ran both quadrants did better..
    great talk Codie..thx

  • @LearnGUAGESTUTORS
    @LearnGUAGESTUTORS Год назад +13

    That is a very misleading title. Mr. Robert Kiyosaki actually saved a lot of people with good financial education.

  • @mercedes6964
    @mercedes6964 Месяц назад

    Things evolve and younger generations will see it in many angles, including financially and emotionally ❤

  • @doomslayerforever2858
    @doomslayerforever2858 2 года назад +78

    he got rich by selling books that was the whole plan

    • @SenorJuan2023
      @SenorJuan2023 2 года назад +17

      Doesn't matter. The info was worth it.

    • @CashSeasonLLC
      @CashSeasonLLC 2 года назад +1

      If he sold 32 million books and only made 3 a book its 100 mill...sounds like he spends a lot of money

    • @mrbrett19
      @mrbrett19 2 года назад +13

      He was already rich before he wrote the book

    • @SenorJuan2023
      @SenorJuan2023 2 года назад +7

      @@CashSeasonLLC Most of his money was via real estate multi units.

    • @FernandoValentino93
      @FernandoValentino93 2 года назад +4

      Do you prefer get advised by someone unable to make money?

  • @vanessabwillis3767
    @vanessabwillis3767 Год назад +8

    "Rich Dad Poor Dad Lied" is a "catchy title " for your video to grab attention and and gain viewers. Why can't you put out your informatin without degrading someone else's work or defaming their character? You can expound on it or introduce a new thought process for this era, but to say he lied is inaccurate. Years ago when his book was written it was fresh and new. And today, it is still relevant. There is no need to discount the good that he did in the book to introduce people to a different way to financial freedom. of financial litercy There is more than one way. He gave one, you gave one, some others will give other ways. No one has a monopoly on knowledge.

    • @jnsoby006
      @jnsoby006 7 месяцев назад +1

      Yess

    • @rajkrishan3092
      @rajkrishan3092 4 месяца назад

      I think it was a good video

    • @jnsoby006
      @jnsoby006 4 месяца назад

      @@rajkrishan3092 no absolutely not she is selling her private equity course and degrading other

    • @rajkrishan3092
      @rajkrishan3092 4 месяца назад

      What's wrong with that? I would be really suspicious if she wasn't getting something out of this 😂. She shares her 2 cents and gets an opportunity to sell her course, I get to hear a perspective that's different from my own. It's a win win.

    • @rajkrishan3092
      @rajkrishan3092 4 месяца назад

      @@Chris-i4g are you a Kiyosaki fan-boi or a Codie hater? Or just a hater in general??🤣

  • @princeedema1595
    @princeedema1595 2 года назад

    Thanks!

  • @AwakenedVibration
    @AwakenedVibration Год назад +5

    You’re my absolute favorite female entrepreneur educator. No bullshit, straight to the point. You truly want to ‘ wake people up!’

  • @Diiimonds4Evr
    @Diiimonds4Evr 28 дней назад

    Thank you, Cody! I believe what you did here was really just expand on Robert's I quad. Great for Advanced learners, but Robert's quadrant is PERFECT for beginners
    RICH DAD POOR DAD changed my life‼️ His book opens the mind to other ways of looking at and thinking about life and money. I've read it about 50 times.
    It should be required reading in elementary and high school. Im sure that will never happen tho

  • @sporecitymushroom697
    @sporecitymushroom697 2 года назад +8

    That book completely changed my life

  • @mukeshwahie4605
    @mukeshwahie4605 25 дней назад

    Cheers, Codie!

  • @amosbaldwin1994
    @amosbaldwin1994 2 года назад +24

    This was great Codie! I’ve been following your content for over a year now, and have really enjoyed your content. This here, this is the stuff I like. I’ve seen all your stuff and this is what I like most. Always looking for a paradigm change. Thanks for the new thinking.

    • @CodieSanchezCT
      @CodieSanchezCT  2 года назад +4

      ❤❤❤

    • @eirysepoet
      @eirysepoet Год назад

      I totally support what you expressed here 👍👍👍

  • @ShaneStilwell
    @ShaneStilwell 2 года назад +10

    I think your information is very helpful, kind of a different take on RK’s quadrant…but, in the end it comes down to his most simple advice, purchase assets that generate income and get to passive income asap. Then also use due diligence to maximize your tax savings on your income. Finally, use other people’s money (your Master Allocator) to expand your investing. Yep, still in there with RK, lol! But it is great to help people understand things from a different perspective, good job.

  • @chrissulimay
    @chrissulimay Год назад +22

    Being a 50 year start over - this really hit's home.. It 's actually embarassing to not be financially free at this stage of my life - I resonate with the high schooler vs PHD.. I've always been good at generating money, never learned how to grow it. -- A little humbling to write this out but thanks for putting this out there.

    • @GoldKingsMan
      @GoldKingsMan Год назад +3

      Gotta start somewhere.

    • @JosieReacts
      @JosieReacts Год назад +2

      It’s never too late.

    • @cupbowlspoonforkknif
      @cupbowlspoonforkknif Год назад +2

      Mistakes are just the cost of tuition to the School of Hard Knocks. Don't compare yourself to others. We are all on different journeys.

  • @manpreetsinghkang9154
    @manpreetsinghkang9154 Год назад +2

    In Rich Dad Poor Dad, Kiyosaki makes it clear that the book’s goal is to “inspire” the reader to think differently about money & finances, and not have all the answers. It does that very well.
    This video in many ways is similar: breaks down investors into 4 categories, much like ESBI quadrants.
    So the title of this video feels a little click-bait..ish, though what she is saying about investing is not wrong.

  • @VibeGuyAndy
    @VibeGuyAndy Год назад +20

    Kiyosaki is the hype man that we all needed to point us to the door.

  • @Icosiol
    @Icosiol 21 день назад

    Great! Now how do you do that?

  • @mp3855
    @mp3855 2 года назад +9

    As much as I appreciate Codie and her achievements, there are few points which has to mentioned.
    1. In the whole serious of Rich Dad Poor Dad, NOT even once does Robert say you can't be rich in E aka Employment quadrant. He just speaks about the Pros and Cons of all the quadrants.
    After you guys read Rich Dad Poor Dad, read his next book Cash flow Quadrant.
    2. You said in the 100s of 8 or 9 figure income folks you spoke to THEY DONT CARE ABOUT TAXES? 100% BS.
    3. Yes, I agree Robert has a more inclination towards saving on taxes because his background is Real Estate so absolutely nothing wrong.
    4. Being an investor has tons of tax benefits compared to an employee.
    So to all the people blindly commenting about Rich Dad Poor Dad. First read the book because he talks about a lifestyle a work ethic and how to get there.
    He never says Financial freedom is having tons of money, instead the first line in his book says being financial freedom is about cash flow and a lifestyle and not just stacks of cash.
    What's the issue with him being worth 100 million even if he sold his books, you think Codie is donating the money from RUclips to charity?

  • @harisazamee
    @harisazamee 28 дней назад

    Well, Robert had made the best model to teach everyone about their finances and I think you need more than this video to prove him wrong.
    If you can!
    Good luck

  • @olsyx5098
    @olsyx5098 2 года назад +12

    Hey, Codie! Really liked this video. Rich Dad Poor Dad was more a confirmation of what I already thought than a life-changer for me, and I also felt like there was some depth missing with regards to this. Thank you for explaining what that was! Now the next step is figuring out how to get from General Investor to Calculated-Investor. I'd love to see a video on that too!

    • @kamoliddinnarbaev5216
      @kamoliddinnarbaev5216 2 года назад +1

      Yea the book didn't offer anything life changing for me either. Also, there's only one message/point in the book, just repeated over and over.

  • @alishaandcody
    @alishaandcody Месяц назад

    This is my favorite video of hers! I didn't like Rich Dad, Poor Dad even thought I kept hearing it's the best money book ever.

  • @RomanVarl
    @RomanVarl 2 года назад +8

    Yeah, the book is like 25 years old now. Written about times you've walked under the table. Thanks Kap!

  • @danielw.6375
    @danielw.6375 2 года назад +2

    I think this video is taking Rich Dad Poor Dad out of context just a little bit. A few key takeaways from that book are that it debunks what we are programmed to think about money at a young age and how the reader views assets and liabilities. These are two of the most important things that anyone who is financially uneducated needs to learn. The reinterpretation in this video of Kiosaki's cash flow quadrant is just that - a reinterpretation. It is essentially saying the same thing. Very well done, though. Also I believe Kiosaki's book sold so well because it is highly relatable for a broad spectrum of individuals. The way the book is laid out really does make the reader think about their finances in a new way, which is essential.

  • @ToblerX
    @ToblerX 2 года назад +9

    Love this matrix Codie. The game changes considerably when people start giving you money to invest.

  • @David-zj3bp
    @David-zj3bp Месяц назад

    I remember watching his infomercial on PBS. Some have said he doesn't tell how to become rich. He & his wife did talk about buying their first house to flip, I remember that.

  • @myfriendjmc
    @myfriendjmc 2 года назад +3

    Codie, I really like your energy and your direct communication. Excellent content. Regards from Colombia

  • @DavincisMind
    @DavincisMind Год назад

    I wouldn't call it "wrong" I believe that Robert got it correct. He speaks from experience (I believe) but I also think that it may be little out dated and it needs "makeover". Codie I think you hit the nail on head and made it better (that is how all entrepreneurs thinking right) and perhaps next level of thinking of Quadrant. Codie, thank you a lot for all work you doing and sharing here. I been business person for 25 years and I did not learn as much from my experience as I did learn from your videos and I just watched only fraction of your videos. I'm running out of energy and you giving me new hopes and reasons not to quit. BIG THANK YOU ! I dont do Subscribe ever on you tube but I will do it for your channel.

  • @yahayaoyinkansola8258
    @yahayaoyinkansola8258 2 года назад +3

    This was really nice, I loved your perspective about the book and the way it should be looked at from a different angle

  • @TheBusinessGuy
    @TheBusinessGuy 2 года назад

    Funny story. I own the trademark "Poor Dad." Robert Kiyosaki doesn't own it. I'm not kidding.

  • @Big-Red-Cat
    @Big-Red-Cat 2 года назад +3

    Great revelation, Codie. Thanks so much for sharing. Love your content. Very inspiring!

  • @eksdeeee4113
    @eksdeeee4113 2 года назад +2

    The problem with rich dad poor dad is that you feel that you are gaining knowledge when you read, and when you finish you feel empty again.

  • @ReAnnRing
    @ReAnnRing Год назад +3

    Spot on! Still love Kyosaki as his method set me free to understand what I was missing out on and the switch went on ... but then the mentoring needed to begin. Really love your content - making me push to the next level.

  • @llewellynlark5558
    @llewellynlark5558 2 года назад +1

    Codie. Stay the course. Weed you. You are breaking the matrix.

  • @xiaoyuhu4264
    @xiaoyuhu4264 2 года назад +9

    Thank you Codie. This is the paradigm gem I have been looking for! I really appreciate you share your expertise knowledges so generously. I can't believe it's been almost a year already that I follow you. Many loves❤❤❤

  • @hemantparakh6462
    @hemantparakh6462 26 дней назад

    Low value Dollars are an added Attraction so Impliment all books on an Audiobook of The Four Hour Workweek by Timothy Feriss and Nomad Capitalist by Andrew Henderson

  • @tennisisforlife
    @tennisisforlife 2 года назад +5

    Extraordinary work Codie! I love your leadership and concern for the people. It’s a whole revolution. 🥂

  • @iamanovercomer3253
    @iamanovercomer3253 Год назад +1

    Well I will say this.... you are cuter than Robert 😂 but I'm in my,60s and started to work towards the different mindset. By reading rich dad poor dad helped me see things differently. And you have given me ideas... after all Colonel Sanders, got wealthy when he was 64. And Robert Kiyosaki is worth, how much ⁉️

  • @CandiceKMitchell
    @CandiceKMitchell Год назад +3

    Rich Dad, Poor Dad changed my mindset greatly. So happy I read that book❤

  • @Suchayoutuber
    @Suchayoutuber Год назад

    One thing you got to take in consideration is that this is information was many years ago and since things have changed in certain aspects

  • @aquicktake
    @aquicktake 2 года назад +3

    Enjoyed this type of format. You should do more like it.

  • @inspirediscipline
    @inspirediscipline 2 года назад

    Roberts cash flow quadrant really changed the narrative for many of us, and I should point out I Love The Perspective You Give Here as well!.. I guess he will have to collaborate with you to bring a modern-day feel to it. (Cos Truth is it needs an update) Imagine the Investor Matrix Merged with the Kiyosaki Cash Flow Quadrant ..
    Ps: Recently The "I" in the Cash Flow Quadrant was updated to Insider as well

  • @DavidSmith-gi1vg
    @DavidSmith-gi1vg 2 года назад +3

    Thank you for this Codie! I would love to see a book or digital expansion of your ideas!

  • @MarkConwayTheBurgerKing
    @MarkConwayTheBurgerKing Год назад

    Codie, You are a Great Expert,
    That's why your are where you are.
    Great share, let's say Awesomely Great Share at navigation in the financial world. It why you stand out head and shoulders above the rest!
    👍💯🔥😄😁🐝👍👍👍❤️❤️❤️

  • @user-ds1jt9mq4l
    @user-ds1jt9mq4l Год назад +1

    Several problems here. First, the Cashflow Quadrant does not come from Kiyosaki's book Rich Dad Poor Dad, but instead from his book of the same name. Keeping your information accurate is important (I think most millionaires would agree).
    Second, this "Investor Matrix" is not much more than a copy of the Cashflow Quadrant. The Quadrant in many ways makes more sense. It's simple, and easier to understand. Employees and Self-Employed people trade time for money. Business owners and Investors make money work for them, so they can essentially work because they want to, not because they have to. The S-G side of the Investor Matrix is really no different from what the E-S side of the Quadrant is, while the C-M side is a slight variation of the B-I equivalent in the Quadrant.
    Third, Kiyosaki is not referring to your taxation status in the Cashflow Quadrant but rather each group's mindset. The E-S side uses this formula: "Time = Money; therefore I should trade my time for money". The B-I side uses this formula: "My time is priceless; therefore, how can I make money work for me?" In essence, the rich understand you cannot recover time like you can money. I can always make two dollars for every one that I lose; but my time I can never regain.
    One last thing: If he's wrong, why does Robert Kiyosaki still have a much larger net worth? I'm honestly tired of people with a much smaller net worth telling everyone he's wrong. Not that the content of this video is totally inaccurate, but to say that Kiyosaki is wrong I believe is a bit of a stretch.

  • @theoutsiderjess1869
    @theoutsiderjess1869 2 года назад +3

    I like how you made this so simple and easy to understand I don't understand financing and I have a hard time educating myself because sometimes I find the subject to boring to keep my interest

    • @megaera2988
      @megaera2988 Год назад

      Please don’t trust her advise blindly, you must ready rich dad and poor dad yourself and also cash flow quadrant these two book yourself !

  • @Elaba_
    @Elaba_ 4 месяца назад +1

    He's got a net worth of 100 million and is 1,2 billion in debt...

  • @JeffGrao69
    @JeffGrao69 2 года назад +9

    It wasn't a lie.... its outdated and not applicable to all geographies. Reading the book a couple of years back, I did not learn anything new and always questioned the relevance. But it is indeed a good start for a newbie... Everyone has to start somewhere🙂. I loved your classifications and totally get it. However would love some tips to move from the C to the M quadrant. Thank you

    • @CodieSanchezCT
      @CodieSanchezCT  2 года назад +2

      On it

    • @johnheath8882
      @johnheath8882 2 года назад +1

      RDPD is worth reading, still. It helped mainly by confirming my suspicions and motivated me enough to jump from quadrant S to C. Would love to understand how to make the move to M as well

  • @M1999-v4v
    @M1999-v4v 11 месяцев назад

    I read the book in 2023 and when I read it I have to admit he spoke the truth about working for someone else by being an employee he also spoke the truth when he said how poor people don't work together as a team. Now with the taxes part maybe he's wrong on that part but everything else is pure facts because poor people don't stick together and they make you feel like you cannot make a mistake I see that on my job. Everything he says about poor people I see is my job, so even though he is wrong about taxes he's right about everything else. Another thing he's right about is when he said when poor people die they leave a whole bunch of bills behind that's true. As a poor black woman I have seen that and been through that. His book is worth buying and it will teach you a lesson. As a poor black woman this man is speaking the truth because poor people don't stick together.

  • @jeremiahkaroki8711
    @jeremiahkaroki8711 2 года назад +4

    This one hit me like a baseball bat across the eye’s…Thanks Codie!

  • @hongweiyu2352
    @hongweiyu2352 4 месяца назад

    I never expected to be super rich after reading his book, but he does shed lights on some of the basic things that can make your life better, and that's good enough to me.

  • @pablosmith1747
    @pablosmith1747 2 года назад +6

    I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $960,000 in 4 months from $160k, 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.

    • @osaka1866
      @osaka1866 2 года назад

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

    • @Maricel_oronan
      @Maricel_oronan 2 года назад

      It is possible to produce superior performance provided you do something different from the majority. However, most of us tend to pay more attention to the shiniest position in the market to the cost of proper diversification.

    • @pablosmith1747
      @pablosmith1747 2 года назад

      @Susan Karen Hello Do you trade on your own?

    • @pablosmith1747
      @pablosmith1747 2 года назад

      @Susan Karen That's impressive. Are you giving her your money or the money stays in your trading account? What's really the idea behind copying trades.

    • @pablosmith1747
      @pablosmith1747 2 года назад

      @Susan Karen Is her service available outside of the US? As her broker is registered in the US.

  • @Billy-eq6sc
    @Billy-eq6sc Год назад +2

    Robert is not a sophisticated business man. He is just a salesman and sell books. He tried to run a few companies but failed. He is smart enough to know where he stands and that is just selling new versions of the same old book.

  • @yangsue07
    @yangsue07 2 года назад +3

    It's not that he's wrong, he's telling his story from his time of how it was for him. He always comes back to something along the lines of "but the economy nowadays is different than. The 80s and 90s."
    You are correct too and I enjoyed this video a lot. It's good to hear different opinions on this subject of financial freedom.

  • @KKZ27
    @KKZ27 2 года назад +1

    Love the fawn hide, content isn't bad either! So much value!

  • @FernandoOrtegaJimenez
    @FernandoOrtegaJimenez 2 года назад +2

    My trading journey was a matriculation of highs and lows, literally just like the market. you up, you down. Now I'm constantly up.+

    • @Mack697
      @Mack697 Год назад

      Over the past 5 years, buying Bitcoin every week performed better than timing the market 86% of the time.

  • @Siel-bm7gx
    @Siel-bm7gx Год назад

    Thank you for breakdown, never read the book but the few concepts in there.

  • @SenorJuan2023
    @SenorJuan2023 Год назад +1

    I read his his book many years ago while in college. It confirmed what I already knew...the system is a never ending rat race. Unfortunately, this was before the internet and cell phones. The problem was the tactical ways to make money. I still had to learn to make a living OUTSIDE of the system.

  • @sonythabeast
    @sonythabeast Год назад

    Question benches is better than TurboTax ?

  • @PublicFreakout
    @PublicFreakout Год назад

    This channel is awesome

  • @joseantoniofernandez8596
    @joseantoniofernandez8596 Год назад

    Codie, I do have some questions about taxation. It seems I am penalized because I do have an investment property. I would like to follow your examples of boring businesses investments, but how about taxation? I do not want to spend a lot of money in taxes. How can I maximize deductions legally, yet allow me to use the money made to invest more?

  • @haamidmohideen
    @haamidmohideen Год назад +1

    Excellent content Codie. I love you.

  • @eduardovidela50
    @eduardovidela50 Месяц назад

    Thanks for the video. Without wanting to be rude, I understand that it can be summed up in one sentence: "Combine maximum passive income with maximum tax avoidance." Am I wrong? Kiyosaki was booed here in Brazil in 2018.

  • @stephenallegra2213
    @stephenallegra2213 10 месяцев назад

    I’ve fallen in ❤ immediately, not romantically. I love how she thinks and talks. finally a real person not trying to b.s. you. Thank you!!🙏

  • @---zc4qt
    @---zc4qt Год назад

    I have the book "".
    The problem is that he ALREADY has your money- once you buy his book.
    His book seems to give GENERAL ideas and does not seem to tell you HOW to become rich.
    Pause at 1:39. The problem with all 4 of these is it is NOT a sure thing that any of these ways will make you rich.
    Some ideas and problems making money: -most people are not think about making money after their 9 to 5, -your money almost NOTHING in a bank account, -investing ( great idea!!!!!!), -IF stocks were an easy, sure-thing-- everyone would be doing it, -taxes, -passive income ( If only there was a way to find some of these, besides just a CD.), -real estate, -trust ( There are sooooooooooo many ads that SAY they can make you RICH, but they NEVER tell you what to DO to make money.), and -finding answers that work for you.

  • @mosheglick295
    @mosheglick295 2 года назад +2

    Just wanted to say enjoy this video, thank you❤

  • @bimskool
    @bimskool Год назад

    I love how that ad felt so real and not sales-ie. Thanks Bench!

  • @MarshMakesComics
    @MarshMakesComics Месяц назад

    To be fair the premise of this video is off because if you’ve read more than Robert’s first 2 books you know he says the same stuff she’s saying here in this video.

  • @Preston_Smith
    @Preston_Smith Месяц назад

    SO trading is a get rich quick scheme that doesn't work?

  • @claysdogtraining9702
    @claysdogtraining9702 Год назад +1

    The other Leila Hormozi and Alex Hormozi focused on acquisition.
    Love it, yourself, Roland Fraiser, and Alex Hormozi are the only 3 people I look to for the true "business hacks"

  • @pivotingbeliefs
    @pivotingbeliefs Месяц назад

    Codie, can I summarize this in my book and reference your video? how do I reach out and get permission? I am writing a book about personal budgeting called the Future Powered Budget and I am going through the wealth and economy section comparing viewpoints.

  • @mauriciocaceres5084
    @mauriciocaceres5084 Год назад

    I admire your pristine way of explaining things. Enjoy your communication skills and the simplicity of breaking things out. Thanks

  • @kaisernatalie
    @kaisernatalie Год назад

    This is probably the best video on understanding finance and taxes i have seen online, thank you!!!!

  • @jeffgunnar
    @jeffgunnar 2 года назад

    I think you and Rich/Poor Dad got it wrong. I fall into all of those categories! I invested in real estate in my mid 20's (1984-88) and did pretty well. Very long story short, we sold our two properties, made a bit of profit, I and my new wife bought our first home, sold one year later due to loss of job. I still rent to this day. Why? I put it down to not being able to raise enough for down payment, but also a lack of courage, understanding (how to make good money), and over-analyzing opportunities. Good news is, I have had a steady job for the last 15 years, and have been able to save and invest a bit of money but still not enough to enter the $1,000,000 average home price market (down in some areas by 20%) here in Southern Ontario, Canada! Thanks to your videos and many videos like yours, I have been inspired to invest in a small business!

  • @vincevasquez5841
    @vincevasquez5841 Год назад +1

    You said it in the beginning, its a starting point, and is only a fraction of the strategy.