Robert Kiyosaki: "Rich Dad Poor Dad" Author Predicts a Crash
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- เผยแพร่เมื่อ 4 มิ.ย. 2024
- Robert Kiyosaki is arguably the most influential author in the finance, real estate, and investing space. His book, Rich Dad Poor Dad, has sold over thirty million copies and has been translated into forty different languages across forty different countries. Since its inception in 2002, Rich Dad Poor Dad has become almost every investor’s favorite book, prompting them to get out of the rat race, pursue financial independence, and teach them everything Robert’s “Rich Dad” taught him.
Robert has seen numerous housing cycles, including crashes, booms, and busts. His knowledge of micro and macroeconomics is astounding (to say the least) and he has some strong predictions for the future of real estate investing and the global economy as a whole. We talk about capitalism, marxism, communism, inflation, debt, assets, liabilities, and everything in between. This episode is not only crucial for anyone who is a fan of Robert’s books, board games, and videos but anyone who truly wants to learn the game of real estate.
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Episode 500
Show notes at: www.biggerpockets.com/show500
0:00 Intro
4:57 Quick Tip
8:02 Welcoming The 'Rich Dad' Himself
10:08 Robert's Start in Real Estate
13:09 Confusing "Rich" with "Greedy"
18:57 Writing (and Fighting) for Freedom
22:58 Assets and Liabilities
25:58 Inflation Concerns
28:26 Housing Market Crash Concerns
32:39 The Importance of Early Financial Education
42:12 The "Prom Night" Indicator
45:57 What's Robert Investing In?
54:33 Famous Four
59:57 All Coins Have Three Sides
1:06:19 Wrapping Up Robert's Interview
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I would pay a good amount of 💰 to watch a debate between Ramsey and Kiyosaki.
Dave is for people who can't control their spending. I don't agree with Dave!
Ramsey is a great source of motivation and potential of recovery. However, once you get to that point it's kinda boring. Hes a huge real estate guy himself
Ramsey is for people who have no self-control whatsoever, and therefore will never achieve any financial wealth/freedom. My mistake was listening to Ramsey when I am already very self-controlled. Staying debt free has gotten me nowhere.
@@SteveBoyer10 your way ahead of majority though
Dave helps the deadbeats, not for business people.
"it's not hard. Just study what stupid people are doing and don't do that..."
That's hilarious
That's my what Dave Ramsey
says all the time !
I think thats how Trump became the best President. He studied what policies worked and what didn’t from Ronald Regan and implemented. Why reinvent the wheel, right?
@@sarakemp3174 th-cam.com/video/iKoBujiJyfc/w-d-xo.html
This interview just completely switched my paradigm concerning money. “Money isn’t real. You use debt to buy assets that have real value”. It’s so logical…
But be money/ debt smart… don’t miss that message or you’ll know what Dave Ramsey is talking about!
Be careful, debt can be like handling a loaded gun. It is good to have it as an option!
Don’t be fooled. This guy has plenty of money to pay off all his debt at the drop of a hat. He’s just choosing not to.
Same here this interview literally changed my perspective on everything money/debt
Kiyosaki is full of crap
This was an interesting listen and I enjoyed hearing Mr. Kiyasaki‘s opinions but I have to call out bigger pockets this was a really click baity title. Robert never said it’s time to sell. He was relaying a story back before the market crash of 2007 how his friend observed a situation that told him it was time to sell.
Lol marketing!!!
It is time to sell. I actually just saw the house next door decrease in value in a desirable neighborhood. If we're not at the peak of the market we're close. If you had paid attention to the big picture of the talk, you would have picked that up.
The problem is that when you sell you need to have a good place to park your money or preferably put immediately into a new (RE) investment. If you don't have that, then don't sell. It's always a good time to sell if you have a better place to put your money.
God call out
He did say it
I definitely get what you’re saying ,but i’m from California, & in California right now, it’s a sellers market , so I get what he saying also 🤷🏼♂️ !
This is one of those episodes that is going to resonate with me for years to come. I took about 5 pages of notes and I plan on re-watching it again to make sure I didn't miss a thing. Thank you to Robert Kiyosaki, Bigger Pockets, Brandon Turner, and David Greene for this incredible episode.
Seriously! What a goldmine. Fired me up so much.
I took one note.
Notes on what?
Im with you! Took many notes 📝
Almost Everything he said is in RDPD. Except he's changed his focus to politics a bit.
I’m 45 and read Robert’s books when it first came out. It took a couple decades of life experiences for me to finally jump into real estate, that I finally understood him. For those youngsters discovering Robert K…run with it. Don’t make my mistake. #freedom
There is no bad time to get into RE if you understand the fundamentals and how to spot the deals. Right now the people running away and making big people who knows how to leverage debt and have good income.
Amen … same here and older!
I was 19, a junior in college studying accounting when I read RDPD. It was life changing. It made me unlearn some of the things I learned about money. I was the first person in my family to buy a house at 20 years old. I became financially independent and “retired” from my corporate job in my 30s because of my real estate portfolio. My family and I came to the US as refugees. It’s not about where you came from, it’s about what you’re willing to do to get where you want to go. Believe you can!
Everyone starts at their own time:) You are here learning and growing with everyone here. That is all that counts:)
Thank you for this.
This man has changed more lives than any college degree ever would
If you go through college you'll vote democrats, pay high taxes, fund your 401k, and worry about being laid off. Nothing wrong with it but that's the path you choose.
In the long way, Robert made me very rich by, convincing me to not to listen to experts and do what I know is best. At around $7M and counting. I have listened to many others and made their best ideas mine.
I've just finished university and feel so grateful to have read rich dad poor dad as the first book after my studies. I certainly don't regret the journey of self discovery I encountered through studying though - maybe just the debt ;)
@@Vision33r or you become a critical thinker, a Democrat and an entrepreneur. Nothing wrong with that.
Amen!!
David Greene. I am not sure if anyone notices how good you are in conversations and how to steer it in the right direction. Smart dude.
David’s analogies are extremely underrated
Exactly what I was thinking!
Yes, David is amazing!!!
David is my favorite guy of this podcast. I am always impressed his skills of summarizing and explaining what the guests say in such a succinct and clear way. Best best and very very smart guy
I don't know where you all came from, but I sure am glad you're here. Thank you very much!
This is my favorite podcast yet. Thank you for not editing out his rawness. A lot of people need to hear the things that he says in the way that he says it.
Amen! Truth is not always pretty or flowery like 95% of what the media portrays.
The irony is that Robert Kiyosaki's argument is convincing precisely because I have an education. If I didn't and had no idea what he was talking about, it would make it easier to disregard what he's saying
Believe it or not, I can understand it without a college education..
Always love listening to Robert K... had me rolling on the "i dont play with myself" line, but I get the message. Great interview guys thanks again.
Sad life
This was my favorite podcast so far. I really enjoyed your 2 part millionaire path podcasts as well. I definitely followed many of these principles by accident however learning the depth of impact using a business to buy real-estate as a real path to wealth hit huge with me. I love the story of McDonald's, I love real-estate. I used the success of our TH-cam channel to do just this, we invested into about 30 diversified properties including Vacation rentals, single family's long term, commercial, and even warehouse buildings. This podcast has changed my education in a very strong fashion, thank you. Also, I'm a big fan of Martial arts and love the analogies you continue to paint the picture with. Congratulations on the success of your channel 👏
A little disappointing Brandon, this was entitled "RDPD Predicts Crash" , well I never heard him say we have a crashing coming, nor really what to do about it, besides invest in Gold & RE. I agree with the person below, it would be a great video to see Robert K vs. Dave Ramsey! Do it!!
I listened to it twice thinking I missed his crash prediction
Damn click bait..
He did mention that he felt we are at (or just past) the peak with the story around the older couples celebrating and everyone at their happiest as the top of the market. Believe he called it the prom night indicator.
Did you guys miss the point where he talks about debt to GDP ratio being at 130% which could be an indication of a tipping point. Normal debt to GDP ratio is 90%.
I ran away from Comunist Cuba, so true evertything you say. Americans dont know the dangers of Comunism. They think socialism means social media
Thanks for sharing. Keep up the good work!
I’ve never heard of anyone that thinks socialism is social media?
When did you run away? In 1958?
@@pinknachas324 I heard it from college students.
@@paulweber686 in 2021 too Cubans protested and many ran but Joe Xi TaliBiden Regime turned them away for Taliban and illegal cartel Refugees. 🤔 sure the Cubans will Never vote for the Leftist Marxist Totalitarians Regime if they enter US.
I have not paid taxes in decades and learned about real estate in my twenties. Thirty years later I have built my own wealth and security. Thank you for all of your guidance!
th-cam.com/video/iKoBujiJyfc/w-d-xo.html
Never read the book, but now I need to. Good to hear from a Marine aviator. Semper Fi from a Navy Ground Officer.
I am glad you finally got Robert on. But what was the “warning” at the beginning about? Be prepared Robert has his own strong opinions wtf I think people will come to their own conclusions He is blunt and abrasive but right.
He did the same thing for me! When I first started getting into real estate! He helped me become a millionaire! Thank you Robert!
Great episode! Big fan of Robert Kiyosaki's Rich Dad Poor Dad changed my life and inspired me to start my first business back in 2004. The training on the FOUR quadrants is as timely today as it was back in 1997 when book was first released.
I met Robert and Ken McElroy at George Gammon’s birthday party in Scottsdale. Living legends!
👍
Fancy pants. :)
I missed it, wanted to try to attend.
Who
Good for you
Robert nailed it with, we fight for freedom. Thank you Robert for your service.
Military isn't service. It's a job that they get paid for just like any other job. The difference is they might die, which means people who do it are extra dumb.
@@JohnSmith-xx9se That's an overly simplistic view. Many jobs have service built into them intrinsically. The fact that they might die and are willing to risk they're lives in the course of that job is part of the act of service. People could choose to not be teachers, military, firefighters, social workers, etc. but they generally choose them specifically so they can be of service.
What is wrong with you people
People who didn’t go to college telling people who don’t go to college what is being taught in college. I went to college and it worked out great for me. I was never “taught” Marxism/communism other than in History class.
Started listening to Robert and BP in 2017. I was 20k in debt and had no money. I now own 7 units and pay no taxes. Listen up and pay attention if you want to improve your circumstances!
This was a great episode! And hearing you all praise Jordan Peterson made it so much better. Love that!
great dude
Both Jordan Peterson and Robert Kiyosaki are the most overrated clowns of the 21st century. One is a quack who parrots debunked science about biology and it’s relation to social stratification, while the other is a contrarian, upselling MLM salesman.
@@Maliksamuels33 very cool opinions, man. Really great job.
@@nickmelillore it was actually only one opinion (that they are both clowns) - everything else was demonstrable facts.
@@Maliksamuels33 cool!
I absolutely love listening to Robert. To me, Rich Dad Poor Dad was life changing. I actually listened to it on my way to work (I had a 1.5 hr drive one way!) and man did it change my perspective!
th-cam.com/video/iKoBujiJyfc/w-d-xo.html
Such an incredible video. Thank you guys for putting this together, and congrats on 500 episodes!
Best. Episode. Ever.
Rich Dad Poor Dad should be required reading in every high school. Robert Kiyosaki really is the godfather of the entrepreneurial mindset and personal wealth building.
Wow, I read several of his books back in the early 2000's and well before i decided to pick a college. Little did I know when I was exiting the military, he set me on a path that has led me to where I am today. Not a millionaire, but understanding Capitalism. In College my capstone class was a book by George Riesman called "CAPITALISM" and suggested read to all. Love this man and praise him for his life on earth!
Loved this podcast. I’ve been hearing all about Rich Dad, Poor Dad lately, and just picked it up a couple of nights ago. I can’t wait to sit and read it
While working in one of my rental apartment and listening to this interview i suddenly realised that i was able to buy these properties thanks to investments that i did years ago motivated by Kyosaki's books that i listened to nearly 9 years ago.
When I was 18, a 30-yr old guy preached to me about how some book called “Rich Dad, Poor Dad” had changed his life and I didn’t listen because…I was 18. 15 yrs later I read the book and kicked myself because I could have known that info all along 🤦♂️
Curious…How is the 30 ur old doing now?
Thanks Brandon, Dave and Robert. You guys are amazing, inspiring and optimistic. If there were more people like you guys the world would be a better place.
Is the housing market going to crash nominally or in real terms(adjusted for inflation)? The price may stay the same but the purchasing power might be eroded.
I have listened to Robert for about 3 months and he has helped me massively with understanding todays markets.
I think the psychology of money is important. If you have an unhealthy relationship with money it can end in disaster. I have a lot of fears and I am working on it. I am worth more today then say three years ago. I want to buy real estate for STR or rentals. Fears keep me where I am at. I don't owe anything on my home and would love to do a cash out refinance. I just bought your book and will listen to it. I thought I wanted to flip houses but so complicated and time consuming. I don't have enough money to do it. I did a course on flipping this summer and went to a seminar. The housing market scared me on how ridiculously the prices and competition got. So I stopped looking. I did make a lot of money in the stock market.
I’m in the same boat. I’m sitting on a good lump sum of cash and planning on using it to buy an STR and hire a property manager, but I’m nervous and constantly thinking about the what if’s. What if I don’t hire the right PM and it doesn’t perform well and I end up having to sell it at a loss, what if there’s another pandemic and air travel is suspended. How will i find a lender that will count Airbnb income when underwriting the mortgage. What if a guest damages the place and I have to spend a fuck ton on repairs. Just so many things that could go wrong but I do think its worth the risk if you do the proper research and hire the right team. Best of luck, anyone who has the balls to take these risks will face fear and self doubt, but you just have to push past that shit and trust that you’ll figure it out.
@@williamsilbernagel1586 What I realized is the price of RE is like an elevator on its way up. You and your cash are on ground floor. While you are waiting scared, that elevator is climbing higher. You are going to have to jump with that cash to the 2nd, 3rd floor and it WILL NOT be able to buy as much. Study Macroeconomics, study one areas RE and jump!
could not have clicked on the link to watch this faster when i saw the legend robert kiyosaki was a guest!!
Dude, he has predicted a crash every year for the last 30 years...
Haha so true. I like his first book, but boy, he comes across so salesy to cross sell his other books or programs
everyone predicts the crash every year. and when it finally happens, they are suddenly “right” and the holy grail. As if we all aren’t watching the charts too lol
🤣
Still waiting for his 2018 and 2019 crashes to happen.
Kiyosaki stated in other interviews (with Patrick Bet David if I remember correctly) that he predicted a crash in 2016 but multiple rounds of quantitative easing and right now the stimulus prevented a crash from happening the last 5 years. Crashes always come eventially but no administration wants a crash on their watch so the government borrows more money.
THANK YOU FOR THIS INTERVIEW WITH THE MAN THE MYTH THE LEGEND
You guys are the best of the best, this has been a super episode. Robert Kiyosaki changed the way I saw my life and you are too. One of the episodes that I most enjoyed. I want to contact people from the Pinellas Couty area in Florida. I am a real estate agent in the area I started investing in real estate. A coordinated greeting to all of you !.
Excellent work.
So much knowledge listing to all these Icons. Thanks very much for all the insight. Going to listen to this over and over because repetition is how we learn!
Also, when Robert mentions a book. Read that bad boy. Great content!
Robert basically has the same interviews over and over but I still enjoy listening to him speak.
Thats what i read in all the reviews when i look at his other books. I read rich dad poor dad nothing else by him i loved rich dad poor dad tho but all the reviews for the others says its basically all the same w minor tweaks
He’s old. No new content
Great info and insight. I wonder what you guys' thoughts are on The Big Short's (Burry's) view on RE even not being safe from the coming economic crash?
I have been hearing Robert predict this for over 15 years. I keep waiting. I have a prediction too. I don’t know where. I don’t know when. But someday something is going to happen.
The "experts" are always correct once
Thanks Robert! This was totally great!! I've been listening to you since the first time I met you at Sachi. I had the boutique. I still follow you. I'm going to give my grandson your book. It's time to pass it on!!
Such an awesome show. The brilliant hosts and great guest!
Someone please list the books Robert mentioned towards the end? I couldn’t get all of them clearly
Hope whoever is reading this accomplishes financial FREEDOM, wealth, and is blessed with true happiness!
Absolutely amazing show! Waited so long for this one
Robert Kiyosaki literally changed my family tree forever in 2009.
What to not pay taxes so us other people pay more. Yes he is a great patriot. Lol
Stop breeding
Hey guys, where is the best place to learn about not paying taxes with real estate? book suggestion ? episode i missed ?
thanks Peace Love Positivity
This interview was a long time comin 🙌🏼
You guys have to do a round two of this one!
Finally after all these years of his book being the best real estate book he is finally on the show. Amazing!
anybody have a link to preorder the book in canada? his website only ships to united states
GREAT podcast fellas! Your young minds understanding an age-old, proven method from a dude that's made it happen is phenomenal! Thank you!
57:49 "So next question maybe about you personally a little more Robert what are some of your hobbies?"
Robert: "Well I'm a politically incorrect hunter, you know-"
BiggerPockets: "CUT CUT CUT CUT CUT SKIP AHEAD SKIP AHEAD NOW!"
@OyezTheGreat thought the exact same! Let the man talk! Would’ve been great to hear the full answer.
After listening to the podcast, I came here on TH-cam for the full context of this as well. I’m disappointed at the cut.
I noticed that too
What do you think he said?
@@ryeann2567 I really wish I knew.
Eliminate the income tax, abolish the IRS, and cut federal spending by 50%.
Emotionally I agree but I think our controllers really know that there will be blood in the streets if they do this. Milton Friedman had a good solution for cutting public spending through a negative income tax.
40:17 hunter is not correct with the statement of debit stays same. Your purchasing power goes down (the more they print) so that 2-3% interest compounding in the future definitely is worth considering. You can pay things off at shorter term rate 1-2 years its more profits sooner. Or you can just invest in BTC or many other currency like Hex.
This will be one of many times I watch this video. Liked and Subscribed! Thanks Guys... Looking forward to Part Two!!
You guys rock for getting such awesome guests on here!
Did he speak of an impending RE crash?
I missed that. All I heard was a pitch for ever higher prices & inflation.
Doesn't inflation cause a raise in mortgage interest rates? (MBS purchases by the Fed notwithstanding). Raising mortgage rates, even with inflation, would likely cause a drop in pricing as demand disappears and supply compounds.
Extremely high inflation may keep home prices nominally high even if devalued in real terms- but we are nowhere there yet.
High inflation (of the kind not caused by productive economic growth) also has a negative impact on the very workers which will go on to rent properties, and a *possible* negative impact on rent over time (a lot of factors to consider, and all RE markets are local).
Right! The title is deceiving and that annoys me. I was wondering if I was the only one who didn't hear anything about a crash. I like you're point about pricing, but still not connecting the dots to how this conversation implies a crash. I must be slow and missing it 🤣
29:54 Also, What people misunderstand is that it’s not a rise is anything. It’s a loss of the purchasing power in a currency. A crash will happen but most won’t notice until it’s too late.
@@TechOutAdam It could be, though let's not forget 08. The same thing was said over and over- claims of high to hyper inflation, prices going up, purchasing power plummeting... Then the crash, where cash once again became kind. Could this time be different? Perhaps... Though Japan has tried everything the Fed's trying and has not managed sustained inflation.
I appreciate people like you that distill an hour into a few seconds of reading.
@@fredmacias8 Robert actually spoke on it though. People just don't listen well.
Wow… flashback to high school for me when I was first introduced to rich dad, poor dad! Great episode 👍🏻💯
The only thing I didn't go with Robert is that I did stocks instead of RE and I did very well. Because RE isn't for everybody, if you bought at the wrong time and place there are serious consequences unlike stocks you can pull and run. You have to choose what you know best.
This is so cool. Two of my favorite sources of real estate education. Great show guys
AMAZING!!!! I ABSOLUTELY LOVE ROBERT!! SO BLESSED AND GREATFUL TO HAVE HIM IN OUR LIFETIME! 🙂
I agree with Dave, the book reaffirmed me views on investing in real estate.
There are so many powerful concepts to pull of this episode. It was well worth the wait! Thank you for an amazing show, BP!
th-cam.com/video/iKoBujiJyfc/w-d-xo.html
He has changed so many lives! He helped us see things differently! Great interview!
I love how Green and Turner both felt they had make sure they 'prepped' their fans for how Blunt Kiyosaki is :)
Ya he’s an a hole in person
We only borrow for assets under C corp or LLCs not personally. personally, i choose to remain debit-free Corp can take right offs i cannot.
Rich Dad; Poor Dad was one of the hugest revelations I've had in my life. It really opened my eyes to how people are constantly trying to game systems to acquire wealth.
Whoa! Rich Dad on BiggerPockets. This just got real.
you guys handled this interview very well
As a Vietnamese, I love how Richard pronounced our Country's name so well
I have a new found respect and admiration for Robert Kiyosaki now. ❤️
I love Robert Kiyosaki! Great episode guys! THANKS!
I love watching these guys scramble to stay politically neutral while Robert drops truth bombs. Once a combat pilot, always a combat pilot.
And thank god for him. This tiptoeing around the truth just to stay on youboob and keep your sponsors is pathetic. I have no respect for people that do that, regardless of their “reasons”.
Ya he’s so deep on the right they clearly can’t put him on main platforms anymore
Agreed. I listen on Spotify but came to TH-cam to see if I was the only one disappointed in how they had to open up and brace snowflakes for someone who could have an opinion that differs from theirs AND how the title was misleading click bait. Big fan of the BP podcast and I want to see them do well, but I’m not here as a supporter because I got sucked in with some click bait title.
Lets go Brandon.
There’s a fair bit of confusion about his service.
By his own admission, he claims to have stopped fighting (in defiance of orders) and nearly committed a war crime by killing a child he discovered in his helicopter. He also called himself a fighter pilot…which is a very specific term which does not apply to helicopters. Of note, he has no records of an aviator’s badge or flight training in his military records.
Evidence certainly exist to support his claims of deployment to Vietnam and service as a helicopter pilot…but theres’s inarguably a lot of fictionalized, self-aggrandizing bullshit that complicates his status as a tough, good model for masculinity or business.
Great interview...thank you. Robert mentioned Tony Robbins and ETS. What did he mean by ETS? Thanks
Amazing! Robert other book Cash Flow Quadrant is also a fantastic read. I feel as though it's part two of the OG.
Its very empowering to see two inspiring figures come together and shine the light on truth in this industry and this country. Im about to buy all of the bigger pockets books also capitalism manifesto 🤗
th-cam.com/video/iKoBujiJyfc/w-d-xo.html
This is some powerful information and insight. One of my favorite interviews.
First time I have listened to you guys. GREAT interview and great interviewers. Thanks all 3 :-)
What are the name of the books he mentioned at the end of podcast?
In BP, they often claim that they "pay no taxes". Specifically, in this episode, Brandon claimed that he paid less taxes than his intern. Are they referring only to income tax here? Because from my limited understanding, there's not really a good way to avoid paying property tax.
I would think that the property tax on any of their large multifamily properties is more than the intern makes the entire year.
When they say they “pay no taxes” they are not talking about property tax, they are talking about income tax.
Property tax is one of their business expenses, and it is figured into the businesses numbers. It is not Brandon’s personal tax liability.
Yeah no way around property taxes to my knowledge.
Property taxes are built into the rent along with all the other expenses a house has such as vacancy, repairs, capital expenditures, management, etc.
I hope Robert Kiyosaki's right about the coming drop in the price of gold and silver (physical and paper). I have a good amt of both but I hope to buy up more😁
Kiyosaki in 2016: *“Market is about to crash.”*
Kiyosaki in 2017: *“Market is about to crash.”*
Kiyosaki in 2018: *“Market is about to crash.”*
Kiyosaki in 2019: *“Market is about to crash.”*
Kiyosaki in 2020: *“Market is about to crash.”*
Kiyosaki in 2021: *“Market is about to crash.”*
Kiyosaki after the market crashes: *”Look at what a genius I am. Buy my new book.”* 🙄
You say it enough, you’ll eventually be right. 🙃
Facts
Pretty much sums him up lol make it sound convincing till some people finally decide to take him seriously and sell off their assets to him so he can buy at discount
Did you even watch the podcast? He spent maybe 1 minute of an hour long discussion talking about how the market is overdue for a correction. He didn't say it was coming this year, or next year. He just said he looks forward to when it happens.
@@Grannyknockers
Did you even watch any of his material for the past 5 years? Would love for you to send me one podcast where he doesn’t talk about a crash. Good luck 😆
And it is literally true (not a joke) that he called for a deep recession in 2016 and every year since. Don’t expect everyone else to do your homework for you.
“All coins have 3 sides”. Love that
Yes! Your side, my side, and the objective side. I love how he both validates Dave Ramsey and expresses how he preaches the antithesis of Ramsey's philosophy, yet, they are still friends.
Excellent podcast!! I just need to get over the fear-factor of my first real estate investment. Would like to know more about property management strategies following investment
You should learn these things before getting a loan (unless you can learn correctly, amd fast). Otherwise, you'll end up w $ you're not spending and are needing to pay... From somewhere.
His book got me started and I have to be greatful, but having a chip on his shoulder and retelling old crowd pleasers from the 80s... time to retire. It's 2021.
I wish I could have just kept it at his books because seeing how he is in real life really tainted his image for me. But I am happy we had to read his book as kids, it really was the first time I heard about asset/liability.
Can someone list the books he reads at the end? English is my second language and it was kinda hard to pick out what he said. Thank you.
He did a lot of good calls honnestly, real estate, few years ago, silver , bitcoins few years ago.. most of what he said wasnt too off chart.. everything has to be taken with grain of salt.. but he is the man
Show me 1 time in history when Robert kiyosaki wasn’t predicting a crash, of course your going to “correctly” predict a crash if your always predicting one is coming soon
@@sterlingpaul3004 the real money was in those seminars he used to hold. Those were a cash machine.
Yup
@@sterlingpaul3004 same with Ramsey
Robert Kiyosaki and Dave Ramsey explain their separate paths to phenomenal successes so impeccably I can't argue with either one of them. Can I do both strategies simultaneously? LoL. Think I will hang on the 3rd side of the coin. Thanks for the great show. Respects to all.
Solid comment. I take Dave Ramsey’s live below your means principles and Robert’s risk analysis systems and big picture thinking and I think so far that’s the right blend
As Robert says, if you want to stay poor, and don’t want to study, listen to Dave Ramsey.
@@neomacchio4692 I disagree. Many people have grown wealthy following both their methods. But never by listening to a troll. GL.
Loved it!
My husband and I watch all your videos and are learning so much, I was wondering if you guys could talk more about VA home loans soon?! For people who currently own a VA home loan house and are wanting to refinance to get cash out to start a first deal somewhere. What our options might be. Thanks in advance!
What state are you located in?
@@scottmcconachie305 Indiana
Are y'all taking into account the depopulation plan
Helocs have higher interest rates than a simple fixed VA loan. (VAs are the best loans, if you can get a couple).
David and Brandon, thank you for the all wonderful shows, I have been watching you guys from 1:00 pm to 9:00 pm. I have learned so much and you.
The best episode ever!!
I agree with Mr. Kiyosaki, however the actions of the Feds after Covaids and the eviction moratorium is hurting mom and pop landlords.
GREAT ! show and AMAZING guest Mr. Robert Kiyosaki . I'm so glad I found Bigger Pockets in 2012 You guys are the Greatest !
listening to this podcast painting my 3rd rental property at 9:30pm.
I turned on the lights, gas. and guess what im sleeping in it too.
cost me 20k down payment. its a old house that i plan to cash flow $500 monthly.
i anticipate it will appraise 70k higher than purchase price in 6 months. i essentially will have a free property in 6 months when i cash out my initial investment of 20k down payment plus 15k repair cost.
God is Good.