Why SAVING MONEY Is OBSOLETE - Insights From ROBERT KIYOSAKI!

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  • Опубликовано: 15 янв 2025

Комментарии • 1,8 тыс.

  • @EvanCarmichael
    @EvanCarmichael  5 лет назад +15

    Looking for more of my Top 10 and Top 50 Rules for Success? They are now on their own channel. You can subscribe here: ruclips.net/channel/UCacX6JAo1EpmxT91r6VH53g

    • @davephillips8383
      @davephillips8383 4 года назад

      If you get this message check out www.paydayeveryday.world

  • @WOLFMAN305
    @WOLFMAN305 9 лет назад +177

    My poor dad said "I'm poor because I have you kids" my rich dad said "I must be rich because I have you kids". That stuck with me ever since the first time I came across his book because I'm a father. Being a poor dad is not an option for me. Thanks Evan, I definitely appreciate this one.

  • @mariussnyders8539
    @mariussnyders8539 9 лет назад +462

    Rule no.4 FOCUS... made me realize that you can't try 10 things at once.. Focus on 1 thing!
    Thanks

    • @shomreitorah5174
      @shomreitorah5174 9 лет назад +8

      +Marius Snyders yup. His lesson on focus pretty much sums up the book I read called "The ONE thing". I'm a student majoring in accounting and I used to read a lot of books on real estate, stock market, commodities. Now I'm just focused on getting my degree. Will I be rich as a CPA? maybe. But the main reason I'm majoring in accounting is to be able to manage my own money. not rely on someone else or hire someone to do it for me.

    • @Tehutii55
      @Tehutii55 9 лет назад +1

      +Shomrei Torah Good for you!! I wish someone gave me a clue years ago! Get moving forward!!

    • @servantrose
      @servantrose 9 лет назад +2

      +Marius Snyders Yes!! We just realized this in the last few months. The book Essentialism talks about this and how to do it. But in my opinion, this takes a lot of self-discipline when you aren't used to doing it.

    • @nikijc1501
      @nikijc1501 9 лет назад +2

      +Marius Snyders Excellent to also listen to Yogesh Chabria and Happionaire on attracting wealth with Goddess Lakshmi and Goddess Saraswati. Superb!

    • @KevinRuiz-mp3qb
      @KevinRuiz-mp3qb 8 лет назад

      +Marius Snyders duh

  • @KaiAndrew
    @KaiAndrew 6 лет назад +49

    First real book I ever read. Seriously, I was not a very good student when it came to reading. Read this book at 19 and it changed my life. I was able to "retire" at 27 starting the path Kiyosaki helped setup. Not really a step-by-step type of book, but more of the mindset it helped shift my way of thinking.
    Burned through his whole series and it changed my outlook at money and opportunities. My dad was the typical "poor dad" but had great intentions, he just didn't know any better. We were a poor and my family were refugees. Long story short, I built a portfolio of properties, learned how to sell and lead teams.
    Got lucky a few times, not absent of several setbacks, and was eventually able to leave the rat race. I owe a lot to Robert Kiyosaki. If you liked RDPD, I'd strongly suggest Four Hour Work Week by Tim Ferris.

    • @EvanCarmichael
      @EvanCarmichael  6 лет назад +2

      Thank you for sharing your story. :) #BTA819 Luka

    • @omspayne5830
      @omspayne5830 6 лет назад

      Modern Maximalist fake news! His selling books not real estate strategy!

    • @rando_prime123
      @rando_prime123 6 лет назад +1

      Come on, now... enough with the memes. No where did he claim that RDPD is a real estate strategy. Read "Millionaire Real Estate Investor" by Keller if you're looking for a more explicit strategy. Either way, you'll see the values portrayed in both books are the same, one just holds your hand more.

  • @puneetkumars6344
    @puneetkumars6344 7 лет назад +38

    Rule no 4. Focus
    F - follow
    O - one
    C - course
    U - until
    S - successful
    Awesome definition of success.. thanks Evan & Robert 👍

  • @TheLovely990
    @TheLovely990 8 лет назад +163

    I always think about buying the stock first, versus buying the item. Why should I spend $500 on a Coach purse, instead of buying $500 worth of Coach stock. It's all in changing your mindset.

    • @EvanCarmichael
      @EvanCarmichael  8 лет назад +10

      +Val Luv Great thinking! Thank you for watching :) #BTA101 Rey

    • @nvrrrwn
      @nvrrrwn 7 лет назад +14

      Perfect now your thinking, put your money to work for you instead of you working for your money

    • @quantumfrost9467
      @quantumfrost9467 6 лет назад +3

      That’s what I’ve started doing, I’m fairly young but have started getting involved in shares, now (funny enough) birthday and Christmas money is going to shares aha

    • @georgiaa213
      @georgiaa213 5 лет назад +10

      problem is, if everyone does the same then no one will buy coach products and your coach shares will be worthless. very simplistic analysis by Mr K. truth is, the minority need the majority to remain financial ignorant

    • @zampy15021993
      @zampy15021993 5 лет назад +4

      @@georgiaa213 Exactly. The point is that any dollar (or other currency) "released" is just basically lowering the power of the people and increasing prices. As long as people keep buying, spending (and they need to do that), companies will increase profit. If you own the company (or part of it) you have an asset and your value will increase. If you own money you have nothing. Money is no asset.
      But you are slightly wrong on one point. Stocks are not infinite, thus if everyone want to jump in someone would necessarily be cut out, then good luck. Is actually crazy to think that anyone could buy any stock at any time, even the entire index itself through ETFs. If one day volatility will be reduced to the minimum terms, the only way to get out of poverty would be to have a great business idea. Capital is power, capital increase value over time, cash doesn't, and this is the only reason why the gap between poors and rich is increasing.

  • @GeorgeLRosario
    @GeorgeLRosario 8 лет назад +3

    Thank you. I know my WHY! I know what I want AND I'm on a threshold. It is time for the right level of change in MY life.
    I am working hard to reach my dreams. In the beginning of this year, I set 12 goals. Interesting enough I already reached a couple of them that I thought would be the hardest to attain.
    REACHED:
    1. Appeared on TV in a Real Estate feature.
    2. Finished my book and schedule a publishing date.
    3. Learned to do 3 new things with my kids that they like to do (ride a hoverboard, ride a rip stick, learn their trendy dances)
    4. Scheduled a public speaking engagement in front of 200 people (spoke before 500).
    5. Start a new business. (In process. Will launch soon).
    6. Read 12 books.
    WAITING:
    7. Schedule a public speaking engagement in front of 500+ people.
    8. Schedule a public speaking engagement in front of 1,000+ people.
    9. Get 6 home listings over $1,000,000 each (already have 1).
    10. Help my 2 older sons start their own businesses.
    11. Learn conversational Greek.
    12. Finally purchase a motorcycle to take my father on rides again.
    I already reached the toughest one. I appeared on a Real Estate related TV special. It was nationally televised. Each goal I reach is replaced by a bigger goal. Here is my appearance on NBC Open House TV ... ruclips.net/video/VPaukfDHaVw/видео.html
    Like I said, I replaced each reached goal with a tougher one. I ask that as you read the next six goals, you read the reached goal first and then the new goalI replaced the first 6 goals with the following:
    1. Appear on THREE TV Specials where I speak directly.
    2. Write 7 children's books (a series).
    3. Learn 6 new things with my kids.
    4. Shake hands with 6 nationally recognized multi-millionaires.
    5. Start a Christian Church that stays true to Jesus Christ's greatest commandment.
    6. Read a book a week!
    BONUS*** Buy Mom and Dad a better home.
    I know my why. I am George L. Rosario. Remember me. I'm the one.
    George L. Rosario
    NYC's Hometown Realtor
    www.GeorgeRosario.com
    snip.ly/k2zf7
    #glrosario #RosarioShalomayevTeam #NYC

  • @DDAWGY1
    @DDAWGY1 9 лет назад +45

    Robert Kiyosaki is the definition of an American! He has helped many Americans become successful.

  • @BluesHarpJammin
    @BluesHarpJammin 9 лет назад +67

    I absolutely love Robert Kiyosaki. I've read almost all of the Rich Dad books. "Rich Dad Poor Dad" is one of my all-time favorite books. I've always wanted to invest in real estate, then a realized one of the lessons that his Rich Dad taught him, namely, that in order to be a good entrepreneur, you must know how to sell. So, since I wanted to invest in real estate, I decided to get my real estate license and learn how to sell real estate. Now, I'm starting my real estate career/business part-time with a phenomenal company (Keller Williams Realty), which will enable me to form a bonafide business around real estate.
    Reading the Rich Dad books have helped me shift my paradigm from an employee to an entrepreneur and investor. Great video!

    • @locopatre
      @locopatre 9 лет назад +2

      goodluck to you, brother! I'd like to know how this goes! how old are you?

    • @BluesHarpJammin
      @BluesHarpJammin 9 лет назад +1

      +locopatre Thanks. I'm 41.

    • @EvanCarmichael
      @EvanCarmichael  9 лет назад +1

      +BluesHarp Jammin (Dutchmeister) Thx for watching. Good luck. #BTA45 Nina

    • @danielmondragon5044
      @danielmondragon5044 9 лет назад

      +BluesHarp Jammin (Dutchmeister) I'am 18 years old and want to get into investing in real estate as well( I was also was inspired to do this by Robert Kiyosaki). Do you mind giving me some advice? I'am a young person so I want to make sure the things that I'm doing are going to benefit my goal of becoming a successful real-estate investor. Thanks anyways.

    • @BluesHarpJammin
      @BluesHarpJammin 9 лет назад +1

      +Daniel Mondragon Well, I'm still learning it myself. I would subscribe to Robert Kiyosaki's Rich Dad website. A good place to start is to buy his CASHFLOW 101 board game and play it constantly. It teaches you the fundamentals of real estate and business investing. Next, find a mentor/coach who is a successful investor. The Rich Dad Company has a coaching program, so you should look into it? Good luck!

  • @BayonleArashi
    @BayonleArashi 9 лет назад +33

    been looking forward to watch Robert's top ten and am not disappointed at all. Thanks Evan.

    • @EvanCarmichael
      @EvanCarmichael  9 лет назад

      +Bayonle Arashi Awesome. Thanks Bayonle #BTA45 Nina

  • @DanielHernandezCa
    @DanielHernandezCa 9 лет назад +28

    wow! great Top 10 rules Evan!

  • @johnbones6257
    @johnbones6257 7 лет назад +33

    2. The more you give, the more you receive. He then says: "When I meet someone who hasn't got any money..." you are expecting him to say: "...I always give him some money." But, no. He says instead: "...it just means he's not giving something." LOL. Now that's what I call generosity.

  • @bwing411
    @bwing411 9 лет назад +159

    Robert is a genius, and he is what inspired me to start investing at the age of 18. Although he may have some experts lean against him, I believe he is the investor of the future. He is ahead of the "save money and then spend" type of investor. He knows how to use societies weakness in making money, as an advantage to get ahead. It's a shame some people call him a gimmick salesman, because his methods really do work, and his team writes great books.

    • @locopatre
      @locopatre 9 лет назад +3

      what investings have you done, if i may ask?

    • @bwing411
      @bwing411 9 лет назад +7

      +locopatre currently I have the majority of my savings in blue chips that I've researched. I started my portfolio with slow grow dividend paying blue chips. Eventually I will speculate with value stocks. Also I am learning about real estate, I want to be a landlord before I am graduated from college.

    • @locopatre
      @locopatre 9 лет назад

      +bryce e so you are a trader? how is that working out for you?
      You're in college, do u want to be an employee in the future? doesnt this slow down the proces of u following your dreams? (unless you need college to reach your goals)
      i hope u will reach your goals!

    • @bwing411
      @bwing411 9 лет назад +7

      I am not a trader, Im an investor. I believe in holding the companies and collecting dividends while they appreciate. I also am going into the financial world, and studying business management, so in the future I plan to own my own Corporation, that involves real estate some how. I don't plan on being an employee for too long.

    • @awsomeclipsnow
      @awsomeclipsnow 9 лет назад

      +bryce e How old are you and where are you from if I may ask?

  • @yogesh85d
    @yogesh85d 9 лет назад +9

    I learnt importance of investing and chose to become an Entrepreneur after reading Robert's books - Rich dad poor dad, Rich dad's cash flow quadrant and Rich dad's guide to investing.
    Thanx Evan for doing video on Robert Kiyosaki. #BTA2

    • @EvanCarmichael
      @EvanCarmichael  9 лет назад

      +yogesh85d Good luck.. :). #BTA51Nina

    • @terrycrews1760
      @terrycrews1760 7 лет назад +1

      yogesh85 so far how has investing gone for you?

    • @karate2252
      @karate2252 7 лет назад

      Yogesh how far ate you now ?

  • @drpaulchan
    @drpaulchan 9 лет назад +72

    i have been his fan for 18 years. Thanks. #BTA2

    • @EvanCarmichael
      @EvanCarmichael  9 лет назад +2

      +Paul Chan Woot. #BTA45 Ninaq

    • @computerfastrepair
      @computerfastrepair 9 лет назад +4

      hope ur doing sumtin with the info and books mr. "fan". knowledge is powrr baby

    • @computerfastrepair
      @computerfastrepair 9 лет назад

      +Tamamo Araki getting there

    • @qualityengineersguide
      @qualityengineersguide 7 лет назад

      computerfastrepair yeah...

    • @maxi768
      @maxi768 7 лет назад

      #SecretsSelfmadeBillionaires by Paul Chan Hope you are now a billionaire also

  • @MakingEndsMeet_JudysStopNShop
    @MakingEndsMeet_JudysStopNShop 8 лет назад +49

    Rule 4 because I need to master 1 business before starting another!

    • @EvanCarmichael
      @EvanCarmichael  8 лет назад +2

      Thanks for the comment and for watching. :) Always #Believe. #BTA271 Shine

    • @redzzzz468
      @redzzzz468 7 лет назад

      how do you balance if you have say 8 buisneses I'm talking upstarts?

    • @redzzzz468
      @redzzzz468 7 лет назад +1

      your cute

    • @arruncrown
      @arruncrown 6 лет назад

      It's really life changing

    • @arruncrown
      @arruncrown 6 лет назад

      Also working on principles given in this book

  • @jspaingreene6350
    @jspaingreene6350 9 лет назад +14

    I really enjoy your editing, Evan. You put vital information together in a concise manner. Thank You for all the positive messages! #BTA2

  • @carlosrivas3097
    @carlosrivas3097 8 лет назад +3

    My favorite is #8 "Don't be afraid of losses" because losing doesn't equal failure, not learning the lessons from your losses does. #BTA1

    • @EvanCarmichael
      @EvanCarmichael  8 лет назад

      +Carlos Rivas Awesome message! :) #BTA74 Ivan

  • @DevonTriche
    @DevonTriche 9 лет назад +2

    Rich Dad Poor Dad is one of my favorite books. I used to play his game all the time "Cash Flow". I love every rule but the one that stands out to me the most is #2 The more you give the more you recieve. One of my goals is to become one of the biggest givers the world has seen, and not for the sole purpose of receiving but to leave the world a little bit better because I was here. #BTA2 #teammotivation #Believe

  • @TameraWeeks1
    @TameraWeeks1 9 лет назад +25

    Brilliant man! ! Always add assets.

    • @EvanCarmichael
      @EvanCarmichael  9 лет назад +1

      +Tamera Weeks Thanks Tamera. #BTA45 Nina

  • @94nolo
    @94nolo 6 лет назад +1

    Rich Dad, Poor Dad on audiobook was the first book I "read" on finances and really anything in a decade. It's the book I needed, because in it wasn't just financial education, it was EDUCATION education. Meaning, he breaks down the societal norms in both money and in education.
    He breaks down how education has let you down, how your teachers were wrong, how your middle class dad was wrong when he told you (me) to get in a trade school. He unlocked what I needed to hear: they were wrong. I knew it deep in my spirit, but I was never really taught that they were wrong. And this book did that. It made learning fun again.

    • @EvanCarmichael
      @EvanCarmichael  6 лет назад

      Thank you for sharing with us. :) #Believe #BTA962 Luka

  • @zacheriahwoodward4123
    @zacheriahwoodward4123 8 лет назад +7

    Don't Save money. HEDGE your money. Thanks Evan

  • @THEPinballJunkie
    @THEPinballJunkie 5 месяцев назад

    Outstanding! Good stuff. Thanks 🙏 Evan Carmichael!

    • @EvanCarmichael
      @EvanCarmichael  5 месяцев назад

      You're welcome 💛 #Believe - Feb (from Evan's team)

  • @kennjt5015
    @kennjt5015 8 лет назад +7

    The tenth rule though. Haven't actually even thought of that. Blew my mind!

    • @EvanCarmichael
      @EvanCarmichael  8 лет назад

      Thanks for the comment and for watching. #BTA229 Shine

  • @rainmbt3855
    @rainmbt3855 9 лет назад +7

    Robert Kiyosaki is one of my role models, thnx Evan for this helpful video

  • @nandhinichicken
    @nandhinichicken 9 лет назад +13

    Fantastic. Live smart and earn smart

  • @martinakong
    @martinakong 8 лет назад

    "3. Change the way you think" is the BEST. It resonates what is revealed from the law of attraction too... like shifting paradigms... Awesome!

    • @EvanCarmichael
      @EvanCarmichael  8 лет назад

      +Martina Kong Thank you for sharing, and thanks for watching! #BTA141 Luka

  • @evilmorty1440
    @evilmorty1440 7 лет назад +56

    *I AM READING HIS BOOK RIGHT NOW.*

    • @EvanCarmichael
      @EvanCarmichael  7 лет назад +1

      I'm glad to hear that. Thank you for sharing and thanks for watching! :) #BelieveNation #BTA753 Luka

    • @shaoqinglihu696
      @shaoqinglihu696 6 лет назад

      Daniel Rocha how did it go?

    • @brace300
      @brace300 6 лет назад

      Where can i find this book?

    • @elpidiomenezes8149
      @elpidiomenezes8149 6 лет назад

      Evan Carmichael
      I would like to translate and make money. Could u help sendo me How you set this video up?

    • @arruncrown
      @arruncrown 6 лет назад

      I am reading this book and applying in life also

  • @alejandrovalera8428
    @alejandrovalera8428 8 лет назад +3

    Experience makes you smarter! Definitely the one with most impact!
    Thank you!

  • @deg_live
    @deg_live 9 лет назад +6

    Evan thank you, you are the best:)

  • @xfilecity
    @xfilecity 6 лет назад

    I hit the like button after watching 1:20. Great information

  • @TheLovely990
    @TheLovely990 8 лет назад +5

    Focusing on one thing is very important. I like that rule, and pay yourself first. Do not save, but hedge.

    • @EvanCarmichael
      @EvanCarmichael  8 лет назад

      +Val Luv Glad that you like it. Thank you for watching :) #BTA101 Rey

  • @FCOHDEZ27
    @FCOHDEZ27 6 лет назад +1

    I like the focus rule. I've been subject to the "shiny object" syndrome and when I heard from one of your videos Gary V. Talking about chasing several rabbits, you won't catch one, I removed distractions and started focusing in only one business. Thank you for the value Evan. 🤗

  • @annabellauwineza8024
    @annabellauwineza8024 9 лет назад +5

    My favorite one was the last one, "STOP SAVING MONEY, HEDGE IT"

    • @EvanCarmichael
      @EvanCarmichael  9 лет назад

      +Annabella Uwineza Thanks for sharing. :) #BTA82 Ivan

  • @MarkRGoujon
    @MarkRGoujon 7 лет назад

    I like rule 7. Know what you are working for. Earned, Portfolio, or Passive. Thank you for compiling these Top 10... awesome of you to do it!

    • @EvanCarmichael
      @EvanCarmichael  7 лет назад +1

      Thank you very much for the appreciation and for watching Goujon Mark. :) #Believe #BTA596 Shine

  • @vfddcv7445
    @vfddcv7445 8 лет назад +8

    one thing I think it's important and no one talks about..... don't fuck up your health

    • @EvanCarmichael
      @EvanCarmichael  8 лет назад

      Thanks for the comment and for watching. #BTA364 Shine

  • @golenitin
    @golenitin 8 лет назад +2

    Wonderful teaching by Sir. Robert.T.Kiyosaki......

    • @EvanCarmichael
      @EvanCarmichael  8 лет назад +1

      Thanks for the comment and for watching Nitin. :) #BTA197 Shine

  • @jagakumar1283
    @jagakumar1283 6 лет назад +3

    Standing ovations are awesome to you. It's a great day and thanks for your beautiful time.

  • @RetireCertain
    @RetireCertain 7 лет назад

    Robert is one of my favorite financial authors. I read his first book decades ago. Yikes. Thanks for another awesome video Evan!

    • @EvanCarmichael
      @EvanCarmichael  7 лет назад +1

      Thank you for sharing your thoughts and for watching Financial Woman. :) #Believe #BTA632 Shine

    • @RetireCertain
      @RetireCertain 7 лет назад

      We love your videos! My son is a film student and he edits for me; they inspire us to make better videos:)

  • @edwardhelb1139
    @edwardhelb1139 9 лет назад +9

    Experience Makes You Smarter,Change the Way You Think,FOCUS,Hard Times Bring New Opportunities, Don't Be Afraid of Losses,Know What Your Working Hard For, and Aim to Acquire Assets. #Believe #BTA2

  • @fergonga57
    @fergonga57 6 лет назад +1

    Thank you very much Robert for transforming my life from Fear to Freedom and for providing the tools to my family to get their best version every single day. For the past twenty years I have been your student and you taught me many lessons that allow me to be financially free. Thank you for your support on our continues travels to Latinamerica where the people love you because their build a much better future because of Rich Dad Poor Dad. Good bless you, Kim and to all the employees at Rich Dad Company. See you soon big brother.

  • @pcchin1634
    @pcchin1634 6 лет назад +9

    I was doing such a silly mistake before now by trading Forex/Binary Option and stocks without making inquires from great dealers and Brokers who always forecast the market trends before investing my money into it, Mr Frank Robert is a sincere and GOD fearing Broker/Account Manager who always forecast the market trends for me adding to his strategy and software that makes me a winner all the time with sweet rewards of 100% of my traded capital, Frank you will continue to go higher in all you do in life sir.

    • @pcchin1634
      @pcchin1634 6 лет назад +3

      You can reach for his techniques and strategy via email: frankrobert909@gmail.com

    • @EvanCarmichael
      @EvanCarmichael  6 лет назад

      Thanks for sharing :) #BTA859 Luka

  • @0kaysarap
    @0kaysarap 8 лет назад +1

    Number 8. Don't be afraid of losses. The idea totally shifted my thinking today after thinking about all my losses and feeling like a victim. Now I know that the opposite is true. With those losses, I also got rid of a big problem.

    • @EvanCarmichael
      @EvanCarmichael  8 лет назад

      Thank you for sharing Patti - Glad the idea shifted your thinking and saw the positive side of things. Thank you for watching! #BTA166 Shine

  • @Allourquestions
    @Allourquestions 9 лет назад +4

    Excellent! When the video started you kept getting closer...I thought you were going to pop out and sit in front of me...lol.

  • @TheYangsta7
    @TheYangsta7 9 лет назад

    very insightful, thanks Evan!

    • @EvanCarmichael
      @EvanCarmichael  9 лет назад

      +The Yangsta Thanks for watching. :) #BTA99 Ivan

  • @JesseNickelltheFourth
    @JesseNickelltheFourth 7 лет назад +4

    My favorite principle was definitely: "...the more you give, the more you receive." -Robert Kiyosaki

    • @EvanCarmichael
      @EvanCarmichael  7 лет назад +1

      Thank you for sharing with us and thanks for watching. :) #BelieveNation #BTA644 Luka

    • @JesseNickelltheFourth
      @JesseNickelltheFourth 7 лет назад

      All these videos you make are both awesome & refreshingly inspirational! As long as your loving making these videos, than keep up the good work Evan :)

    • @hoorainfaisal9919
      @hoorainfaisal9919 4 года назад

      He mean in terms of investing

  • @IknowIamafool
    @IknowIamafool 3 года назад

    Thanks. #4 was favourite.

    • @EvanCarmichael
      @EvanCarmichael  3 года назад

      Love that too, appreciate you for sharing and for watching. 😊 #Believe - Feb

  • @katherinek2709
    @katherinek2709 6 лет назад +3

    While I LOVE Robert, he has a lot of amazing ideas, and he actually inspired me to study business, it is important to remember the context in which he became wealthy: an incredible boom in Hawaiian real estate... which he then parlayed into a successful publishing career. A lot of his ideas about using debt fall on their face in bad economic conditions and there are a lot of people who simply don't have the resources to come back from that kind of fall.

  • @jonathanduru7111
    @jonathanduru7111 8 лет назад +1

    Happy New Year Evan.

  • @rafaelmendoza7357
    @rafaelmendoza7357 9 лет назад +6

    gold evan gold!!

  • @gratefulsplices1064
    @gratefulsplices1064 8 лет назад

    10:58 basics of business

    • @EvanCarmichael
      @EvanCarmichael  8 лет назад

      Thanks for the comment and for watching. :) #BTA197 Shine

  • @mrNetsrak1
    @mrNetsrak1 9 лет назад +5

    the 0% tax of passive income! praise the Lord for such a way to avoid taxes! Hallelujah!

  • @MariosGerogiannis
    @MariosGerogiannis 7 лет назад

    rule no 10 is an eye opener.nice video

  • @jaipalbisht856
    @jaipalbisht856 6 лет назад +8

    Remember hard times brings new opportunities

  • @Peter_P_Sam
    @Peter_P_Sam 9 лет назад +3

    that's a great idea ever.

  • @theahmedmamun
    @theahmedmamun 5 лет назад

    Thanks from Bangladesh

  • @mysterybuyer3738
    @mysterybuyer3738 6 лет назад +4

    I love it when bill collectors call. I know I don't have to pay them and it's fun hearing from them.

  • @MinionNoMore
    @MinionNoMore 8 лет назад

    Great Rules. He is one of my favourite Entrepreneurs

    • @EvanCarmichael
      @EvanCarmichael  8 лет назад

      +MinionNoMore That's great to hear! :) Thank you for watching. #BTA119 Luka

  • @ante94321
    @ante94321 9 лет назад +9

    DON'T BE AFRAID OF LOSSES - this gave me my health beck :)

    • @EvanCarmichael
      @EvanCarmichael  9 лет назад

      +Shark Woot.. Thanks for watching. #BTA45 Nina

  • @seansean6273
    @seansean6273 9 лет назад +1

    THX Evan!!

  • @johnfontana6464
    @johnfontana6464 9 лет назад +12

    my favorite is no what you working hard for.

    • @EvanCarmichael
      @EvanCarmichael  9 лет назад +1

      +John Fontana Great message. :) Thanks for watching. #BTA33 Ivan

    • @Carlosmalagon1503
      @Carlosmalagon1503 7 лет назад

      Evan Carmichael for c. Good man you can

  • @devbkada
    @devbkada 6 лет назад

    Hedge was the key factor! Great share!!

  • @Wehn.
    @Wehn. 8 лет назад +6

    Aim to acquire assets and Hedge your money

  • @albaqawi
    @albaqawi 9 лет назад +1

    No 8. and 10 are eye openers!

    • @EvanCarmichael
      @EvanCarmichael  9 лет назад

      +Ahmad Al-Baqawi Thanks for watching. Glad to hear that. :) #BTA9 Ivan

    • @albaqawi
      @albaqawi 9 лет назад +1

      Even I love your complications and keep growing stronger with your business art! Have a successful 2016 and future :)

  • @roytjokroutomo9052
    @roytjokroutomo9052 8 лет назад +16

    I want you to make Andrew Carnegie top 10 rules for success instead of Robert Kiyosaki's

    • @EvanCarmichael
      @EvanCarmichael  8 лет назад +2

      Thanks for the suggestion. I will pass it on to #BelieveTeam although we can only profile if there are videos/clips available. Thanks for watching. #BTA248 Shine

    • @justsomerandommfer
      @justsomerandommfer 8 лет назад +4

      Bro, "instead of Richard Kiyosaki". You sound privileged and ingratuitous. Can you please ask politely and not come off so domineering?

    • @rico28215ify
      @rico28215ify 8 лет назад +1

      I asked him a long time ago for Carnegie ....

    • @gclbroadview1503
      @gclbroadview1503 8 лет назад

      Robert**

    • @haioiii
      @haioiii 7 лет назад

      GCL Broadview and

  • @zakaryaalsalahi5429
    @zakaryaalsalahi5429 6 лет назад

    1- Experience makes you smarter
    2- The more you give, the more you receive
    3- Change the way you think
    4- Focus
    5- Hard times Bring new opportunities
    6 - Design the business properly
    7- Know what you are working hard for
    8- Dont be afraid of losses
    9- Aim to acquire assets
    10- Stop saving money, hedge it.

  • @nyanya9300
    @nyanya9300 9 лет назад +15

    I have 3 questions:
    1. What is the smartest option when investing? Where and when should I invest, and when should I stop?
    2. Where do I save my money? If I save it in the bank, Ill find myself paying taxes, right? So what is the best option?
    3.I've seen some of Robert's videos and he says how it is better to invest from debt, so if i get for example 45000 dollars and I want to invest in buying a house and then renting it for (for example) 200 dollars a month, I'd have to wait more than 20 years to start getting money from it. I don't understand that very much.
    please help!

    • @juanmanuelsolano5379
      @juanmanuelsolano5379 9 лет назад +19

      +Nia Bakkali 3. Rent must cover your morgage and give some cash to your pocket. If morgage is $400.00 a moth, you rent for $600.00

    • @mac1bc
      @mac1bc 9 лет назад +13

      apparently you are supposed to keep buying properties until they make enough that you can live off of. the problem i have is i am too scared of taking on that much debt when I have a family to support.

    • @mugshotsjava
      @mugshotsjava 9 лет назад

      +Nia Bakkali ...I'm with you. Where does one start?

    • @doublebigMark
      @doublebigMark 9 лет назад +6

      +Nia Bakkali I would say take an online course. A fast-tracked one. Start from there. Invest in education!

    • @radzirosli
      @radzirosli 9 лет назад +8

      start with time,invest it wisely.

  • @cliffebong8764
    @cliffebong8764 4 года назад

    The first time I really understood inflation, and never heard of hedge before, very happy, just got a subscriber

    • @EvanCarmichael
      @EvanCarmichael  4 года назад

      Much love Cliff. Welcome aboard. 💛😊 #Believe - Dondon

  • @ivanivanovic2253
    @ivanivanovic2253 8 лет назад +7

    i dont understand how to hedge the money can someone plese give me a example??

    • @Cjaymoney
      @Cjaymoney 8 лет назад +4

      If the dollar inflates by 2% each year, put your money where you can get at least 2% ROI every year

    • @Cjaymoney
      @Cjaymoney 8 лет назад +4

      Lina S It's more like, the nature of money is that it will lose value every year due to inflation. So if you had $10 and you knew that you were going to lose $1, you would need to earn $1 so that your $10 stays $10. Just remember that oil, gold, stocks can also lose value, you just need something that stays more stable or earns enough to beat the loses caused by inflation. Thats why you should never keep lots of money in a bank account.
      You can invest in metals, stock, and oil on the stock exchange. Just sign up for an account with etrade, robinhood, or any other company

    • @karthickk3263
      @karthickk3263 6 лет назад

      Chidubem Ezinne what do you mean by ROI?. could you tell me please?

    • @sypher0101
      @sypher0101 6 лет назад +1

      karthick k: Return on Investment (ROI)

  • @priyankkayasth6661
    @priyankkayasth6661 9 лет назад +1

    Evan .
    Great job.
    Thank you for this wonderful documentaries.
    May god bless you
    keep it up.

  • @bauxeresham5702
    @bauxeresham5702 8 лет назад +3

    key WORD save! most of us are poor because we are still saving

    • @c.pop.echo.28
      @c.pop.echo.28 8 лет назад +1

      the fear of losing makes you a loser i think. they save the money just to spend it in one day on one stupid thing...

    • @bauxeresham5702
      @bauxeresham5702 8 лет назад

      thats right

    • @EvanCarmichael
      @EvanCarmichael  8 лет назад

      Thanks for the comment and for watching. #BTA231 Shine

  • @karthikreddy2666
    @karthikreddy2666 7 лет назад

    good one..
    thanks Evan...

    • @karthikreddy2666
      @karthikreddy2666 7 лет назад +1

      overall work for passive income...

    • @EvanCarmichael
      @EvanCarmichael  7 лет назад

      Thanks for the comment and for watching Karthik. Glad you liked it. :) #BelieveNation #BTA506 Shine

  • @twrzenski
    @twrzenski 9 лет назад +4

    "if you want to make $50,000 a month passively, you dont listen to someone that makes $50,000 a year." B.N. Great vid btw

    • @NathalieLazo
      @NathalieLazo 4 года назад

      You explained this really well! 😄
      Thanks for the great points about who to listen to in order to receive what they have!
      I'll remember this for next time!

  • @eyasuhabtemariam4591
    @eyasuhabtemariam4591 8 лет назад

    I have all u books. U are really my inspiration.when i get a person who read a book i always tell them to read u book. The good thing is u use simple english & like me from afri & asi can understand it. Please everyone need to read u book. Thanks for ur gift.

    • @EvanCarmichael
      @EvanCarmichael  8 лет назад

      Thanks for the comment and for watching. #BTA274 Shine

  • @FredoWfpb
    @FredoWfpb 9 лет назад +4

    Can someone please explain simply how to "hedge" money?

    • @FredoWfpb
      @FredoWfpb 9 лет назад

      sih1688 Thanks for the info!

    • @FredoWfpb
      @FredoWfpb 9 лет назад

      sih1688 Thanks! You too!

    • @Huffim
      @Huffim 9 лет назад

      +Wholistic Nagev INVEST YOUR MONEY INSTEAD OF SAVING

    • @ifwecouldvote
      @ifwecouldvote 6 лет назад

      Put it in a bush.

  • @mariahamilton1341
    @mariahamilton1341 9 лет назад +1

    Inspirational. Simply principles to attaining wealth.

  • @admiralrohan
    @admiralrohan 8 лет назад +3

    What is the difference between save and hedge? Can't get the last point.

    • @jimmywilliams7258
      @jimmywilliams7258 8 лет назад +37

      He's saying invest your money in something that's going to give you a higher rate of return than inflation will take othe wise your losing money(buying power). For example let's say you have a $100 and the annual rate of inflation is 8%, if you just let that $100 sit, that $100 dollars only has the purchasing power of $92 the next year. If however, you invested that same $100 and got a 20% annual return, you're in fact gaining 12% in terms of buying power..... I hope that makes sense.

    • @jordan-vx7ts
      @jordan-vx7ts 8 лет назад

      makes sense

    • @mantasdk
      @mantasdk 8 лет назад

      what kind of investment gives 20% return? :D

    • @hengkygunawan300
      @hengkygunawan300 8 лет назад +2

      Mat Mo real estate?

    • @jguillermooliver
      @jguillermooliver 8 лет назад +1

      business

  • @kedardhabbe6275
    @kedardhabbe6275 7 лет назад +1

    thank you evan you make best vedio

  • @davidcraig7771
    @davidcraig7771 8 лет назад +31

    He doesn't really elaborate on passive income and how it is not taxed.. some way or another income is taxed

    • @EvanCarmichael
      @EvanCarmichael  8 лет назад

      I guess because there is also a need to ask an expert on that. Thanks for watching David. :) #BTA338 Shine

    • @urbanlumberjack
      @urbanlumberjack 8 лет назад +6

      David Craig he means that passive income is taxed at lower rates than ordinary income. 23% top bracket as opposed to 43%.

    • @nvrrrwn
      @nvrrrwn 7 лет назад +1

      Wow, people residual income isn't tax free but you can claim it as petty cash on your business for expenses once your business makes a over 10 million.

    • @36nick4truth
      @36nick4truth 7 лет назад +1

      There are ways to make money without paying taxes.

    • @justanghozzst8218
      @justanghozzst8218 7 лет назад +1

      If you're constantly having nearly equal losses and gains there are no substantial taxes. You can claim the losses against the taxes you have to pay. This guy's idea is that by never saving your money and always investing it -- then you can have millions in assets but no liquid "savings". I'm not sure I agree but taxes are way less when you don't actually have a lot of money in the bank. This guy might have millions in golf courses and other lucrative stuff and probably a lot of bad stuff and debt.

  • @interesto6722
    @interesto6722 9 лет назад

    Robert is my Rich Dad... He wrote Rich Dad Poor Dad about me. I feel, see, and getting involved in Rich Dad books feeling all about me. Thanks Robert, my Rich Dad....

    • @EvanCarmichael
      @EvanCarmichael  9 лет назад

      +Ioseb Mateshvili :). thx for watching. #BTA126 Nina

  • @creepy_stories_1M
    @creepy_stories_1M 7 лет назад +3

    Don't save it, Hedge it!

  • @hayneensmith4208
    @hayneensmith4208 8 лет назад +1

    I saw the presentation in New Zealand really like it and the staff were so helpful thank you so much for all your kindness. Thanks Robert you have very special people next to youxo

  • @Iamjamessmith1
    @Iamjamessmith1 9 лет назад +8

    One rule of speaking to a leader like Robert is to always agree. Yet, I don't quite agree with his religious invocations on rules one and two: Rule one he implies that those without money have none because they are not giving, perhaps not even of a generous heart. This is pure unfounded opinion, yet a nice point, isn't it? There are many generous souls without money. Also, it implies that those with money are giving. Like banks and those "rapacious" people Adam Smith mentions. They are not givers yet often do well. Now, rule two is pay yourself first. If Robert wants to play the "I respect religious dogma" card, then the firstfruits are not to himself, but to the church.

    • @rashoietolan3047
      @rashoietolan3047 7 лет назад +1

      James Smith read the science of getting rich or listen to it on RUclips

    • @rashoietolan3047
      @rashoietolan3047 7 лет назад

      in regards to how noble and necessary the attainment of wealth is on an individual level

    • @stillwill2215
      @stillwill2215 7 лет назад

      I notice that all of the big money people invoke this same principle. They give big. Dave Ramsey, Warren Buffet, The facebook guy....

    • @jacobtorres5542
      @jacobtorres5542 7 лет назад

      Im pretty sure when he says to give it doesnt mean to give to others. There are different ways to give, the way I understood it was that you should give more to your investments if you want to receive more

    • @christophersuchy3632
      @christophersuchy3632 7 лет назад

      you understood it wrong. He literally means to give it away to those less fortunate. He and many other successful people donate hundreds of thousands each year

  • @maodamadman3867
    @maodamadman3867 7 лет назад

    I'm 18 years old in college and I am reading rich dad,poor dad because a friend referred it to me. I am majoring in fashion merchandising. I love fashion but I also want to make a lot of money because I do not want to work all my life. I want to have control on how I decide to spend my time. I am reading this book to learn how money works.

    • @EvanCarmichael
      @EvanCarmichael  7 лет назад

      Thank you for sharing with us and thanks for watching. :) #BelieveNation #BTA667 Luka

  • @OCDTraci
    @OCDTraci 8 лет назад +3

    So, umm. How are you supposed to "give more" when you have nothing to give to begin with?

    • @HeyPira
      @HeyPira 8 лет назад +1

      OCDTraci he's not talking about money. just giving advice or helping someone

    • @EvanCarmichael
      @EvanCarmichael  8 лет назад +1

      He is focused on the mindset of abundance not on scarcity and as HeyPira said, it's not always about the money, we can give time and help others but of course it's easier to give more if we have it. #Believe #BTA364 Shine

    • @la7594
      @la7594 8 лет назад

      He gave an example of that...a person wants to work less and make more money. You have to work harder so that you'll be able to make more money.Like a raise or promotion

  • @elizabethsisenda
    @elizabethsisenda 9 лет назад +1

    great video evan, thanks!

  • @glenarnett7589
    @glenarnett7589 8 лет назад +4

    All of the comments helped me.

    • @EvanCarmichael
      @EvanCarmichael  8 лет назад

      That's great to know Glen. :) All the best! #BelieveNation #BTA306 Shine

  • @biratst5792
    @biratst5792 6 лет назад +2

    Nice love your book

  • @nickbehrooz596
    @nickbehrooz596 8 лет назад +42

    There is no "good debt" ... Robert Kiyosaki has great views, but borrowing money to flip homes is ludicrous.. I stand more towards Dave Ramsey.. "Debt is dumb, CASH is king" I've been debt free for some time and it's a wonderful life.. Save, and pay cash for purchases.. Save 15%-20% of your annual income once you become debt free, and it adds up QUICK!!!

    • @EvanCarmichael
      @EvanCarmichael  8 лет назад +1

      Thanks for the comment and for watching. #BTA174 Shine

    • @davidjd123
      @davidjd123 8 лет назад +1

      Do you invest in real estate?

    • @AlonzoLivin
      @AlonzoLivin 8 лет назад +4

      Assets are a good debt and when it leads to paying 0% in taxes I'm all about "Passive" income. (Step 7)
      As Roberts mentions, about Warren Buffett, "it's a shame that his secretary pays less in taxes then he does"
      Sounds like your content with paying 15-20% in taxes and having the "wonderful life". But it can be even better..
      I know all about the baby steps and Daves Total money makeover book. I think the best thing to do is understand BOTH sides of money management. Daves principal alone in itself is a "baby step"
      Using your money effectively AND efficiently paying as close to 0% in taxes (and "stupid tax") while gaining assets and generating passive income.
      Therefore,
      Debt, can be wise and you will pay taxes every time you use cash.

    • @nickbehrooz596
      @nickbehrooz596 8 лет назад +2

      ***** I was talking about saving 15-20% in retirement.. I am and have been for about 4 years, and I am starting to see the compound interest work.. I've been debt free for 5 years, and when your income is freed up to do with as you please, it truly is a great life!

    • @nickbehrooz596
      @nickbehrooz596 8 лет назад +10

      And assets are not a good debt! look at all the people that has 'assests" before the recession in 2008! The only good debt is a paid for debt!!! It represents risk.. Live on a budget, get out of debt, and save for purchases! I have a buddy who saved $100,000 cash in 4 years, while making $60,000 a year, he paid cash for a foreclosure, did some remods, and now the value of the home is $250,000!!! And its paid for

  • @madanmohan4817
    @madanmohan4817 9 лет назад +1

    Thank you Evan for the great video

  • @AlexanderDiArmani
    @AlexanderDiArmani 9 лет назад +17

    well, oil is $28 now... so yeah

    • @wtfuredead
      @wtfuredead 8 лет назад +2

      +Alexander Agustine what a great time to buy oil ;) ...or not? Some can argue that you should not invest in it as it will be used less and less in cars, as there will be more electric ones. But i disagree. first of all, it will take time for people to get confortable with the ideea, second, it will take a lot of time to change the gasoline/diesel car with an electric one, as you can only build so much of them(elon musk estimated about 10 years), and third, some of the electricity will be made using, you guessed right: oil. You also use oil for other things than cars. So i believe that's a great time to invest in oil. As for now, the prices are dropped so some of the oil producers will get out of business. That should create a monopoly.
      If i had 10k $ laying around, i would invest 5-6 in oil, and wait to see if the prices will drop even more.
      Damn, who am i fooling? I would spend 5k to buy a Mazda mx-5 mk1, an rotary or V-tec engine, racing suspension, and make that car a track beast ^_^ . Yep, we are our worst enemies...

    • @masculist1019
      @masculist1019 8 лет назад

      +wtfuredead that car is what Robert Kyosaki would call a liability. If you had put you money where your mouth was at that time, you could now buy that car from your gains. ;-)

    • @terrycrews1760
      @terrycrews1760 7 лет назад +1

      Masculist101 what an idiot you are lmao. Clearly he was being facetious. How could you not read between the lines?

    • @robinali2857
      @robinali2857 7 лет назад +1

      What a difference a year makes. Oil is about $65 and electric cars are well on their way to replacing gas/diesel cars.

    • @sypher0101
      @sypher0101 6 лет назад

      I think it'll be sometime before Electric Cars make a big enough impact to affect gas powered vehicles. Also, Oil is used in many other things other than gasoline too, so I don't think it's going away any time soon either.

  • @Obtaineudaimonia
    @Obtaineudaimonia 9 лет назад

    The short version of these 10 rules for success: "attitude, attitude, attitude"

    • @EvanCarmichael
      @EvanCarmichael  9 лет назад

      +ObtainEudaimonia thanks for watching. #BTA66 Nina

  • @megafan5195
    @megafan5195 8 лет назад +25

    "If you know what you are doing you can do it"
    Yeah, the thing is that 90% of the time you don't. That's why people who invest a lot go bankrupt all the time, those who don't are just lucky or know some particular insider information. Survivor bias

    • @RealHomeRecording
      @RealHomeRecording 7 лет назад +3

      Yup. And there's a lot I want to do but don't have the money to make happen!

    • @michaelpaliden6660
      @michaelpaliden6660 7 лет назад +4

      Pick one thing like a single mutual fund for example try it learn go from there I did it that way and not rich yet But much better off than before

    • @jacobtorres5542
      @jacobtorres5542 7 лет назад

      RealHomeRecording.com OPM

    • @joedoe2261
      @joedoe2261 7 лет назад +2

      Lol, you live and you learn. Start small not big.

    • @danmclaughlin1180
      @danmclaughlin1180 7 лет назад

      You sound like one of these poor (dumb) dads!... With that attitude you will never get anywhere.

  • @DenisAshton
    @DenisAshton 5 лет назад

    Thanks!!

  • @SoulPapiii
    @SoulPapiii 9 лет назад +4

    HEDGE
    im buying all the things i want in life now
    money will eventually hit zero
    then perhaps they may initiate a new stage of exchange through microchips

    • @ERIN_198
      @ERIN_198 6 лет назад

      Mark of the beast

  • @drdokesn1
    @drdokesn1 9 лет назад

    great insights ...liked the 10th rule of hedging money

    • @EvanCarmichael
      @EvanCarmichael  9 лет назад

      +Sanjay Doke Thanks for watching. #BTA74 Nina

  • @mandy6065
    @mandy6065 7 лет назад +5

    his handwriting is drunk

    • @EvanCarmichael
      @EvanCarmichael  7 лет назад

      Thanks for watching. I hope you learned something positive from the video. :) All the best! #BTA518 Shine

    • @kidcitylynnwood6324
      @kidcitylynnwood6324 7 лет назад +2

      mandy nope, it's how smart people write.

  • @dipashah4794
    @dipashah4794 4 года назад

    Loved the idea of stop saving money and instead hedging it .... made sense .. Tysm

    • @EvanCarmichael
      @EvanCarmichael  4 года назад

      Thanks for watching #Believe :) #BTA1647 Veljko

  • @goneghost2657
    @goneghost2657 8 лет назад +6

    I've invested money in real estate and lost my ass. I've bought houses to rent out and everyone I've rented it out to didn't pay the rent. I think this guy got rich by selling books on bullshit

    • @CesarAugusto-wf2ef
      @CesarAugusto-wf2ef 8 лет назад +4

      Gone Ghost that's messed up. but in his book he says that one vital rule is to choose the right partners. You rent it out to the wrong people. but you have assets

    • @shamelessplug06
      @shamelessplug06 8 лет назад +10

      Perfect example of an investor who blames other people cause of bad investment decisions. In essence, an incredibly poor dad.

    • @vyoung20
      @vyoung20 8 лет назад +1

      Gone Ghost Lol

    • @TrainWithJosephine
      @TrainWithJosephine 8 лет назад +2

      Gone Ghost that's why you don't stop at just a couple of properties. You figure out where you screwed up and learn from it then move on... not blame RK.

    • @investorleeo1296
      @investorleeo1296 7 лет назад

      It seems that you underestimated how much effort is required to find the right properties and renters and partners. Robert goes through 100 properties, 100 potential partners, and 100 potential renters before he chooses the best one. If not, he goes find another 100. If you go pick the first guy off the street, don't expect good result unless you get super lucky. Give more to Recieve more. Blaming others is the laziness.

  • @isalucie7522
    @isalucie7522 8 лет назад

    Just discovered your channel and can't stop watching the videos.... They are great !!! Thank you !! This is very valuable material. Please keep on posting !!!

    • @EvanCarmichael
      @EvanCarmichael  8 лет назад

      +Isabelle Ortiz Glad to hear you like our content, it means a lot. :) Thank you for the support, and thanks for watching! #BTA138 Luka