HOW TO CONVERT A LIABILITY INTO AN ASSET - ROBERT KIYOSAKI, Rich Dad Poor Dad
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- เผยแพร่เมื่อ 29 มี.ค. 2018
- Assets and liabilities serve as the central focus of this episode of Millennial Money featuring Robert Kiyosaki. Robert dismantles a pervasive misconception-that your house is an asset. This idea is debunked to underscore the importance of understanding the true nature of assets and liabilities in one's financial journey.
Robert goes on to propose that people themselves can be assets or liabilities. The discussion extends to the financial responsibilities associated with caring for family members. This aspect brings forth the idea that while family can be a source of emotional support, they can also be financial obligations.
Examples of human liabilities, with a focus on financial commitments such as alimony and child support. This serves as a stark reminder of the financial responsibilities that individuals may have to shoulder in various life situations.
This episode not only clarifies the distinction between assets and liabilities but also underscores the importance of financial literacy, cash flow management, and the multifaceted nature of financial responsibilities in the context of family and personal finance.
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The people who came and watched this ARE NOT AVERAGE PEOPLE, They’re gaining assets by watching this.
I love your thought
Phú Nguyễn thank you
Positive thought
absolutely
Awesome thought
Everyone has been preaching "buy now, stocks are at a discount" but I've been buying stocks at a discount since the beginning of the year and yet the cycle continues with more losses, I know the idea is to hold long term but God I could really give anything to see some growth happen to my portfolio.
There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
Thats true, I've been getting assisted by a coach for almost a year now, I started out with less than $120K and I'm just $19,000 short of half a million in profit.
@Dan Brooks Big Credits to 'Christine Jane Mcleanshe has a web presence, so you can simply search for, there are some others but it might be difficult to get them, but Christine as been a good guide through the year.
I recommend doing call options. But do your research first
that's why the main key to investing is "knowing what you buying"
I appreciate your approach to teaching.. To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough, we just need to hold onto our hopes and wait to see how things turn out because market movements are almost always unpredictable. In my portfolio, I'm noticing more red than green. How are other people in this market raking in over $350k gains within months
While there’s more pain to come, investors should look for stocks like Royal Philips NV and Alstom SA that have been beaten down enough that they’re a bargain or get a good portflio manager
I agree, I've been in constant touch with a Investment advisor for approximately 17 months. These days, it's really easy to buy into trending stocks, but the task is determining when to sell or hold. That's where my advisor comes in, to help me with entry and exit points , I've accrued over $337k from an initially stagnant reserve of $148K all within 18 months
I need a guide so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor?
@@rebeccaartgallary My consultant is Deanna Lynn Renfro, She has since provide entry and exit points on the securities I focus on. You can look her up online if you care supervision. I basically follow her trade pattern and haven’t regretted doing so
This recommendation literally came at the right time, I dipped by $16k in stocks last week alone. Its crazy! I just looked up Deanna online and researched her accreditation. She seem very proficient & I wrote her detailing my Fin-market goals.
Heard someone say the best season for a financial breakthrough is now, especially with inflation running at a four-decade high. I have approximately $750k stagnant in my portfolio that needs growth. What is the best way to take advantage of this downturn?
It's far too easy for investors to lose perspective whenever something big goes wrong, the markets recovered from corona virus, 2008 crisis, the dotcom crash, even the Great Depression. So they'll probably get through whatever comes next as well.
As an elder millennial, one of the few advantages is having lived through the Great Recession. My advice. Reduce unnecessary expenses, increase your savings by investing in financial markets and do not sell. One thing I know for sure is that diversifying your income can help insulate you from much of the craziness going on in the world.
I started investing in 2020 during the covid pandemic and that same year I pulled a profit of about[$170,000] with no prior investing experience, basically all I was doing was seeking guidance from a financial-advisor, so you don't necessarily need to be a perfect investor, just have a professional assist you
@@lawerencemiller9720 How can one find a resourceful FA, I buy the idea of employing their services, its a shame market crashes as of late have become a sort of habit for stocks
@@stephaniestella213 My advisor is 'Eileen Ruth Sparks'' In terms of portfolio diversity, she's a genius. You can glance her name up on the internet and verify her yourself. she has years of financial market experience.
This 14 minutes video has taught me the biggest life lesson that almost 15 years of education hasn't taught.
Went to a classroom for fiance and business and all it thought me that school is bullshit and makes you a money slave " make money work and spend your money wisely" not how to invest real estate
And by the time I'm 65 am broke
@@Yesux fiance and business? Not a good mix I'd wager.
Fact
Whats that? Never wipe back to front?
The question is how to convert your salary into the investment funnel without double taxation. you pay taxes once it's earned, then buy stocks and get taxed again once you sell. Want to invest over 300k on the stock market, how do I achieve this?
If you're not who understands strategies to invest, just invest through an advisor, making good profits, avoiding taxes.
Having an investment adv-iser is the best way to go about the stock market right now, I've been in touch with a coach for awhile now mostly and I made over $800K within a year
This is probably what I should do. Who is your advisor, please?
Pamela Kay Regel deserves credit as one of the finest portfolio managers in the industry. Her reputation precedes her, and I highly recommend looking her up to locate her online if you are internet-savvy
Thank you for sharing, I must say, Pamela appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call
With inflation running at a four-decade high, a Recession is now the ‘most likely outcome for the economy. How can I grow my portfolio to outpace inflation and maintain a successful long-term strategy? I have been reading of investors making about $250k profit in this current crashing market, and I need ideas on how to achieve similar profits.
You’re right! The current market might give opportunities to maximize profi.t, but in order to execute such effective transactions, you must be a skilled practitioner.
On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my personal port-folio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my port-folio this red season. I’ve made over $150k since then.
credits to LEILA SIMOES PINTO, one of the best portfolio manager;s out there. she;s well known, you should look her up
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
Is now a good time to invest in stocks? I know everyone says stocks are cheap, but how long will it take for us to recover?. The fact that others in my field make six figures each piece. Obviously, there are strategies to be used in this market, but these strategies are not available to the average person, so am better off putting my money elsewhere. I am fully aware of the expense of working more to get more money.
The top experts, however, have access to confidential information and data that is not made available to the broader public. Being knowledgeable enough to use them successfully is quite another. Big returns, not changing stochastics, are the key. Rewards and risks must be balanced. To reach your aim, pick the right size and turn your edge as often as necessary.
you simply lack the expertise to capitalize in a down market. Professionals with extensive expertise who must have witnessed the 2008 crisis are the only ones who may profit significantly during turbulent times like this.
@@mattandersen2458 I'm looking for advice on how to rebuild my portfolio and develop more successful methods in light of the steep drops. How can I find this instructor?
@@waynestones I wholeheartedly back financial counsellor Sharon Lee Casey, who holds a US SEC licence. She has been helping me for a long with my portfolio. You may look her up online because she has many reviews.
@@mattandersen2458 Fascinated to know, Her credentials are undoubtedly excellent,
Sharon appears to be very knowledgeable. I discovered her online profile and read through her resume, educational background, and qualifications, which were all very impressive. She is a fiduciary, so I scheduled a session with her.
I changed my life when my cousin told me about Robert. (April 21, 2017). Worked at a manufacturing warehouse for 6 years, climbed the corporate ladder, making 70K a year, broke a** h**, mentally stressed every day, hated my job and the list goes on. This year I quit my job, got a new high paying job (120k), am currently investing in financial, investing and real estate education. Have full control of my financials and living a better life then ever. No longer live paycheck the paycheck. Although my income is earned income "JOB", I now have financial control! I have listened to all of your books. Going to listen to them all over again and apply them every day going forward. One step at a time. Robert, you have changed my life! You are my rich dad! Thanks for sharing your stories!
Eric Chavez can you teach me how to do this
@@Mrramennoodle2 I'll do it all for you for free. You just sit back and relax
Well done! Now live well under your means, watch your expenses ruthlessly, and put the extra cash into assets. You’ll be on your way!
U r a Liar. a Paid Liar
KC keywords he said were real estate, investing and financial education. Whats his 120k income? He’s probably a real estate investor
I'm holding my stock and no "breaking news" FUD will get me to sell. We are an army and all have diamond hands. I'm sick of the market manipulation by the hedge funds and whales. It's past due time to teach those greedy b's a lesson.
Most people seek instant gratification, which usually doesn't go well. so set goals 1-2 years out instead months out, and you are likely to be much more satisfied with the results.
@@AstaKristjan I always FUD at every little dip until a friend at fidelity investments recommended coach KATHLEEN YANELLI CAROLE who managed my bag very well to over 15%.
@@Erinmills98 This is really impressive, who is this person and how can they be reached?
@@LarsBergstrom-uh2eu Just go check her on the web, there really nothing much for me to say here.
Don't get me wrong, I know the economy is in shambles and in order to break even and make profit, we have to ride it out until stock recovery, but how are some folks in the same stock market as me still able to pull off substantial profits of as much as 650K within months, what am I doing wrong?
You're not doing anything wrong, you just don't have the required skillset to profit off a down market, folks that are making profit in this market are pros and experts with in-depth knowledge and skillset.
Exactly why i enjoy my day to day market decisions being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not outperform, been using a portfolio-coach for over 2years+ and I've netted over $800k
who is the F/A guiding you?
EILEEN RUTH SPARKS is the coach that guides, you probably might've come across her before, she's quite known in her field, look-her up
Derivatives most likely.
I know it's more beneficial to invest in safe haven assets because profit levels typically drop during these times, but I've been reading news about people who were still able to make large profits of up to $580k during this crash...... what is the most effective strategy at this time?
Find stocks with market-beating yields and shares that at least keep pace with the market for a long term. For a successful long-term strategy I recommend you seek the guidance a broker or financial advisor.
Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
@@ThomasHeintz wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
You can do your research and be on the lookout for one with intelligent strategies who'll help your portfolio maintain an unwavering and a progressive growth. Elise Marie Terry is my advisor. She has the Flexibility & Expertise to Meet Your Needs. Verify her yourself
@@ThomasHeintz Thank you for this tip. it was easy to find your investment advisor. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
Your children might be your liabilty at first, but when you grow old, they become your assets and you become their liability.
that's nothing to be proud of, it's shameful
people shouldn't be assets, you're a user
You can tell yourself that, and maybe it will be true for you, years from now, but I think the implication of this video is that the safer bet is to rent out your children today, so that they become an asset in your life.
people need to get off the edge of their seats and realize this is a joke with a dark humor.
That's what I call *Long-Time Investing*
I’m glad I pulled through, despite the crises. I am retiring next yr at 55 with 3 houses paid off worth 4.5 million . One is my place of residence the other 2 properties will give me $80,000per/yr rent . I will have an income stream of $20,000 per yr through my super which gives me total $100,000 a yr to live comfortably . I have no debts ... Stay Motivated!!!
That is so amazing, I’m trying to get onto the housing ladder at 40. I wish at 55 I will be testifying to similar success...
Credits to ROCHELLE DUNGCA-SCHREIBER, she saw me through the process. You can glance her name up on the internet and verify her yourself. she has years of financial market experience...
Heard many good recommendations about ROCHELLE DUNGCA-SCHREIBER by some YT channels, Seminars and other platforms.
Thanks so much I was able to find her page and I already leave her a message.
The quickest way to make your first millions is to invest directly with an expert that is trustworthy and has made a name and individual billionaires ... You have done great for yourself. I understand the fact that tomorrow isn't promised to anyone, but investing today is a hard thing to do for me now because I have no idea of how and where to invest in. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.
I came here to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k. Somehow this video has helped shed light on some things, but I'm confused, I'm a newbie and I'm open to ideas.
I agree , I assumed I had a hang of the market at first, I gained $50k one year and I was super elated, not until I stumbled upon a portfolio-advisr whose been guiding me since the market's been sham after the pandemic, to my utmost surprise I nettd a whooping $280K during this dip, that made it clear there's more to the market that we avg joes don't know
@Jeremy Walker credits to CASEY ALLEN GRAY, one of the best portfolio manager;s out there. she;s well known, you should look her up
This is really helpful for my situation!! thanks guys I will try Sam but Do you know how much is ok for a start let me know if I can do this.
I have $800k in a high yield savings account, yes I’m making gains but to what extent with inflation eating away at the dollar? Am I better off investing in the stock market or buying a house?
The choice between real estate and stocks depends on your time horizon and risk tolerance. Stocks offer dividends and long-term growth, while a house provide fixed assets returns. Consulting a fiduciary advisor is wise for a tailored financial plan. from personal experience, my portfolio has grown to $1.3M, a 25% increase from last year, with robust diversification and inflation hedging
great gains there! mind sharing details of your advisor pleas? i've started gaining more cash flow with my employment and looking at putting money into stocks and alternative assets that can help build wealth over time
Heather Ann Christensen is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment
You mentioned our fico score isn't as important. Is there 5he4e a way to get a loan without a job and low fico score? I have a business that I'm building. I just don't have enough in my business to cover 3xpenses yet.
Gold never depreciates , it’s better to buy something that is always a need in terms of an asset in areas where it’s most needed.
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment
Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.
Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $3million in that time frame.
@@AlexanderTurke Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my stock portfolio and plan my retirement
@@RebeccaBellick The adviser I'm in touch with is 'HEATHER ANN CHRISTENSEN, he works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me his strategy works therefore my result. he provides entry and exit point for the securities I focus on.
Just what I needed to watch.
My wife and I are directors of our farm business and own property, plus small pensions. I am nearly 55, my wife is 52.
We have started to save to retire from the farm, and possibly live on rental income, I'd really appreciate you go LIVE and talk about how to earn passive income online and retire comfortably, let’s say $1M.
Find stocks with market-beating yields and shares that at least keep pace with the market for a long term. For a successful long-term strategy I recommend you seek the guidance a broker or financial advisor.
Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
@@robertosaviano215 Please can you leave the info of your investment advisor here? I’m in dire need for one.
@@elliot985 You can do your research and be on the lookout for one with intelligent strategies who'll help your portfolio maintain an unwavering and a progressive growth. Isabel Cecilia Ramsey is my FA. She has the Flexibility & Expertise to Meet Your Needs. Verify her yourself
@@robertosaviano215
I just looked up Isabel online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals and scheduled a call.
Deymon spend hours each day to ensure that something of value is released into the world that has impact on those with an interest and desire to be a part of this platform.
this is fascinating, I'm a business man, I have a good sum of money in my savings account, I want to invest 50%. What's the minimum amount one could start up with?
YES!!!! I never believed in real brokers but Mr Sam changed my mindset.
There are three (3) classes of investors which Mr Sam Deymon manage their investment portfolios, each stages with their different prices and profits as well.
@@phillipjohn2820 As an amateur trader trading under the guidance of pro trader Mr Sam Deymon, who provided me with the knowledge and strategies I required to make profits for the crypto market.
@@haroldroger1624 Sam Deymon made over $12k with my $2k start up capital.
*Considering the economic downfall and the rise in poverty across the globe. I ask; What’s the best way to achieve financial freedom?*
If I could ask; who’s your financial Adviser and how do I gain more info?
It's hard to trust someone with money or get a financial advisor who can help you plan, invest, and manage your investments for the best results. Working with Donald Nathan Scott, I realized that good people do exist.
Learning and investment financial markets
Invest
To know the difference between Asset and liability ❤
To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?
Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.
There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
@Dan Brooks Impressive can you share more info?
@Dan Brooks She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
This is a scam
The effects of the downturn are beginning to sink in. People are being impacted by the long-term decline in property prices and the housing market. I recently sold my house in the Sacramento area, and I want to invest my lump-sum profit in the stock market before prices start to rise again. Is now the right moment to buy, or not?
Stocks with yields that outperform the market should be on your radar, as should shares that at least lag the market over the long term. But if you want a long-term strategy that works, I advise you to consult a broker or financial advisor.
Don't depend your market assessments and decisions on hearsay and rumors; I did it in 2020 and ended up with worthless market holdings. Before I started noticing any notable improvements in my portfolio, Helene and I had to completely rebuild it. I've been using the same advisor ever then, and in just two years I've scaled up to $876k. Depending on where you look, a bullish or down market might both produce good profits.
@@joesphcu8975 Thats a good one. I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market. Could this coach that guides you help?
She should. Having a counselor is quite imperative for portfolio diversification. My advisor is ''Helene Claire Johnson''. She is easily looked up and has extensive knowledge of the financial markets.
Found her webpage, I wrote her an email and scheduled a call. Hopefully she responds. Thank you.
Honestly, I'm unsure if investing is a wise move right now. Take note of how frequently things fail. As I still have some time before I retire, I'm still looking for a better strategy to invest my money despite reading charts and predictions from well-known investors from the past and present. In order to generate passive income, I want to build a solid and reliable portfolio.
The outstanding catch-up measures currently in place are unquestionably due to the Fed, as they were first too sluggish to contain inflation. The epidemic, supply-chain concerns, and the situation in Ukraine are all factors in the looming perfect storm of inflation. Not to mention the sharp increase in housing expenses, another factor that makes it challenging for the Fed to control inflation. To sum up, if you have the cash, get rid of it right away to benefit from the high savings rate.
The issue is this! Individuals with little to no experience in the stock market commonly try to buy on their own. Prior to acting appropriately and getting in touch with financial advisor HEATHER ANN CHRISTENSEN in the US, I had the notion, but things have changed since then. I began seeing incredible returns on my investment.
@@johnlennon232 Although this is impressive, my portfolio is in such horrible shape that I definitely need their aid. Tell me how I can get in touch with her, please.
@@kimyoung8414 Check up on Heather; in 2020, she attracted a lot of attention. I'm not sure whether I have permission to say anything, but... okay. She acts as my mentor and manages my portfolio.
Fortunately, I had a college economics teacher that taught me a lesson at 18. That lesson was: for every huge, frivoluos purchase you make, you need to have an investment double it's worth, this doesn't necessarily mean you should always invest when you make a purchase, it simply means living within your means. Varied sources of income is wise and especially like i said, living within your means. Whenever you're about to make a huge, dumb purchase that doesn't add value think about taxes and how you get your income. I made $272k combined net last year and paid no Federal taxes.
Right there with you. I'm retiring early, no debt. Kids are taken care of. Building my dream home on 11 acres, looking over the river valley. there are loads of ways to make a killing right now, but such high-volume near impeccable trades can only be carried out by real-time experts.
@@donaldlocher2537 Inflation is over 10% here in the UK, but as we know it's definitely way more than the Government would like to admit. My plan is to earn more passive income and ride this out, can your Investment-adviser assist?
@serenewhopperman2924 Sure, the Investment advisor that guides me is “James Fletcher Brennan” and he's renowned and has quite a following. So it shouldn't be a hassle finding him. Just look him up.
@@donaldlocher2537 There are a lot of strategies to make tongue-wetting profit especially in this down market, but such sophisticated trades can only be carried out by proper market experts...
@@donaldlocher2537 he really seems to know his stuff. I found his website, read through his resume, educational background, qualifications and it was really impressive. he is a fiduciary who will act in my best interest. So, I booked a session with him
Success is dependent on the actions or steps you take to achieve it. Show me a man who doesn't have an investment, and i will tell you how soon he will go broke. Investment is building a safe heaven for the future. With the right choice of Investment that has at least 1% minimum risk and with an expert guidance, profit and Intrest is 100% guaranteed.
K well it's different for everyone. Success means different things to different people. We are all mortal and anything can happen. No one cares in the end of your success or will be by your side on your death bed saying ''wow look at what he accomplished'' most will be focused on what made them happy during their lifetime.
@@--M--1111 you must be broke😂😂😂
The lady was simply dropping some jewels on people who want to be financially successful. There was no need for your comment. And believe me, when we die it will be vital to leave an inheritance to our family, instead of being selfish and only thinking of our own happiness. Why did you click on this video anyway if you’re not talking about financial stability. Take those “making people feel happy” comments to a dr. Phil video.😂😂
Aight bro
@@--M--1111 you are absolutely right. We can't set a parameter of happiness applicable for all. For most of them yes its applicable for not for all . Because you may have understood the money but not your life.
I will give an example. I do daily meditation and Yoga and my life's aim to seek enlightenment eventually and i am persuing it with all my focus and intensity. And i have a job in a Software company. I have two kids. So I have created a plan.
I am saving some money for my kids. Once they are self dependent i will leave for heigher practice and submit myself towards it.
I will have no money but an internal peace. Probably this is what I was seeking my life.
People do not understand a bit about how this Cosmos and life works. We are in a cycle of birth death and rebirth. And we are repeating ourselves. Enlightenment is a way to break this cycle and merging to the consciousness.
@@donovanbrown7993 you're so stupid and a shame on humanity, he's saying his/her opinion, and not cause he/she is here in this video means that they agree with it, he might be doing a research on how to make money, but he was talking about being happy, and yes when your ass go to grave, with no family, no kids then yeah! What did you accomplish! And the point is be happy, it has nothing to do with being rich or not! The comment we're all in is actually shit, saying show me a man with no investment! So stupid, too many people have nothing and can't afford anything regardless of what this video say, he was able to take a loan and buy a condo, some people can't even take a loan! So give yourself a kick in the ass and gtfo
The rich stays rich by spending like the poor and investing without stopping then the poor stays poor by spending like the rich yet not investing like the rich
When it comes to the world of investing, most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance
wow I am just shocked someone mentioned expert Mrs Maureen I thought I'm the only one trading with her
when you invest with genius woman like Mrs Maureen you don't have any other choice then to keep winning, her Trading strategies are very productive and reliable. I made quite a huge profit last week all thanks to her
yes I'm also a living testimony of expert Mrs Maureen
Mrs Maureen has changed my financial status for the best. All thanks to my aunty who introduced her to me
will forever be indebted to you😇 you have changed my whole life i will continue to preach about your name for the world to her you have saved me from a huge financial debt with just little investment thanks so much Mrs Maureen
To young investors, if you want to have more income you need to spend less of it and invest more of it. I'd say most of these "get rich quick" people actually want to spend more money and save less...
I am new to this investment of a thing. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed on all the stock opportunities so far for the tech stocks.I believe having 125K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and loosing all the good opportunities.
@Robert Cooper i've been quite on my research but most suggestions was to get a coach ,do you think that's a good idea ?
@Robert Cooper that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you.
@Robert Cooper I just looked her up on the web and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals and scheduled an appointment
You can only get in contact with her through her website recommended online in web search not on whatApp
I'm going to tell my wife tonight that we are going to rent the house and the hole family live under the bridge. I like the cash flow idea.
you can come rent my place, no need to stay under the bridge...
Good plan. Me like
LMAAOO
Maybe cause I watch too much areested development, but is your last name Hole? Either way i laughed too hard if it wasnt lol
Atta boy Andrew
Thank you very much! you are the best robert! im 28 years old income 25k gross a year,living in brooklyn,i have 14 years paying rent and working minimum wage,because i did not know what i wanted,i did not had a mentor,i bought your book,the first book i have read,and now i bought your books and james rockards books,also think and grow rich,the warran buffet way book,you opened my eyes robert,now im looking for a better job,breking my mind to do my own business,is just fantastic what you have taught me,i still can't believe how i feel,thank you!
eljuancho2 welcome brother
eljuancho2 I can help you create a monthly income . Contact me . Let's work together for a better life for you
GmC CAMBRY how we get in contact? My email is reggeajuan@yahoo.com
There's a guy named John Shin who made a movie based on the book Think & Grow Rich!!!! Watch it if you get the chance =)
bbb888 is it any good to watch??
I came here to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k. Somehow this video has helped shed light on some things, but I'm confused about the current market volatility, I'm a newbie and I'm open to ideas...
Investing in stocks is a good idea, a good trading system would puts you through many days of success.
Building a good financial-portfolio is more complex so I would recommend you seek professional support. This way you can get strategies designed to address your unique long-term goals and financial dreams.
@@alexyoung3126 very true! I started investing in 2016 and that same year I pulled a profit of about[$300,000] with no prior investing experience, basically all I was doing was seeking guidance from a financial-advisor, so you don't necessarily need to be a perfect investor, just have a professional assist you
@@checkforme234 How can one find a resourceful FA, I buy the idea of employing their services, its a shame market crashes as of late have become a sort of habit for stocks
@@joesphcu8975 My advisor is 'INGRID CECILIA RAAD'' In terms of portfolio diversity, she's a genius. You can glance her name up on the internet and verify her yourself. she has years of financial market experience.
Thank Robert, Im currently reading your book rich dad poor dad, and I really appreciate what I’m learning, I just wished I learned this much earlier on in my teens at least, I’m currently 34, married and currently unemployed because of a layoff … I’m currently watching all your videos and working on to buy all your books… I don’t want to work for anyone but instead work for my family instead, God willing I can meet you someday… thank you again Master Robert
Investing in alternative income streams that are independent of the government should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. Stocks, gold, silver, and virtual currencies are still attractive investments at the moment.
Very true! I've been able to scale from $350K to $650K this red season because my FA figured out Defensive strategies to protect my portfolio and profit from this roller coaster market.
@Jake Farmers please how do i find Jennifer?
@@jakefarmers2900 Jennifer really seem to know her stuff. I found her website, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her
This is a scam
why are you guys copy pasting this everywhere?
He: Your child is your liability.
Me: *Sells my kid*
WTF
Rent him out
Stonks
@@hdndhjdhdh1404 no one would take him bro
Turns to an asset, sell for a subscription fee
Financial Literacy just made simpler. The backbone of getting rich is maintaining cash flow. Thank you Sir.
This is the best video of this guy that is comprehensive and good to watch, not to talk about the melodramatic videos he presently appears in.
Watching videos after videos and not taking steps is a liability
wow, I really hate myself for that
🔥🔥🔥🔥🔥🤣🤣🤣🤣🤣🤣
@@williamou3005 invest in yourself, that's an investment aswell
@@countryballs2005 preach, that's what im doing right now
That's a great line! By the way check out his Rich Dad Poor Dad summary version here to help you understand it th-cam.com/video/vgUzeuPjbiw/w-d-xo.html
My favorite part in Rich Dad poor dad was when Rob wanted to buy a Porsche and Kim told him to buy a rental property to pay for the Porsche. The point is that you keep the House AND the Porsche. If you straight up buy the Porsche, you don't get the house.
A friend of mine recently received an inheritance from her mother, a house that is completely paid off in Arizona worth around $300k. She sold the house and bought a car. What did she do wrong?
She could have kept both the house AND the car had she just rented out the house. Now she lost the house and only has the car and she's still broke.
Not only still broke she is still stupid my guess.
Well illustrated !
Wow what a fool
I always appreciate someone bringing a different angle in their explanations of Robert's principles. Yours are good ones.
When it comes to the world of investing, most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance.
Hello, I'm new to Biticon trade and I've been making losses but recently I see a lot of people earning from it. Please can someone tell me what I'm doing wrong
As a beginner who don't understand how Btcoin trade really works and you really want to make profits from it. I will advise you to first start working with a profesional trader
How can someone know a profesional account manager that is trustworthy and legit, they are hard to find this period
I highly recommend Mr Greg T. Martin fx he is my current trader and his strategies are working
he is the best and his strategies works like magic. I've been making over 300% of my investment weekly since I started investing with his trading services.
Our school system is a joke and a disgrace.
This should be taught in every school.
This man is a hero for putting these lessons online.
He's like Thanos
You must be ignorant. Money isnt the only passion or game the world is interested in. He might be giving great insights on financial literacy but he is just the same as a priest teaching something that might be a passion of other people (spiritual). Or a professor or educator providing something for the benefit of society. Or maybe somebody passionate about helping sick people. So dont be delusional thinking that the financial game is the highest peak of education everybody should get because it will only create a greedy society.
Why would schools do that? They want you dumb and obedient, so you can work all your life and generate their income.
nope, if such type of financial literacy is taught in the school then the world is gona become even harder than it is today. No one can be rich if everyone is rich, it will just raise the standard of costs. Now people are living their life in the form of a rat race and a new concept of cash flow exploits that. If everyone understands how to utilize cash flow, we will need a new concept to beat it and escape from the norms. So just be glad that u are one of the people that have seen the video, and try to make the most out of it because other people did not have such opportunity .
dont be stupid and destroy such opportunity, make ourselves rich first before such concept cant be utilized anymore.
Please I need help, I lost tons of money on live trade, I
thought is the same as demo trade because I was
winning in my demo account. This is really frustrating
and overwhelming. where do I start please?
Well….. I will advise you should stop trading on
your own if you keep losing and start trading
with an expert because trading with an expert is
the best strategy for newbie.
That's true most people today have been having
a lot of failure in Fx and crypto sectors because
of bad orientation and bad expert
As a beginner who don't understand how Bitcoin
trade really work and really want to make profit
from it. I will advise you to first start working
with a professional broker
That is true, you need an expert trader to make
good profit from cryptocurrency trade
Get an expert trader who will trade for you while
you receive the profit. that's the best way to
make good profit from cryptocurrency
investment
This is a well detailed and informed video. I'm here to learn how to invest after listening to a guy over the air talk about the importance of investing and how he made $410,000 in 5months from $180,000 startup. Somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas
Investing in crypto and stocks is a good idea, a good system would put you through many days of success
We need to act consistently as investors and not as a speculators on the market if we look forward to profiting from the market
Having monitored my port_folio performance which has made a jaw dropping $370k from two quarters alone, I've understood why experienced investors make enormous returns from the market
Interesting, I have a lump sum doing absolutely nothing at all in my bank account, I wanna get something started with it. You seem to be doing excellent for yourself. Do you trade on your own?
I'm trading with Expert Mrs Denise Mitchell, a FINRA regulated broker. Met her sometime early last year at a startup funding event. She had some interesting things to say about the state of algorithmic trading today, very obviously, it's reflecting on my portfolio
A house is a liability when you living in it, and a house is an asset when you are using it to make money like renting it out for cash flow in - Thank you Mr Robert for sharing this important knowledge
Then where are you living, I mean where we live is either rented or owned.
@@b.s.r.i.n.i.v.a.s😂😂😂😂 true
I am new to cryptocurrencies such as bitcoin, but I am very interested and curious to start investing in it, although I do feel this is kind of late now. Can anyone tell me what I need to do?
There are also organizations that help maintain your interest and protect you from the unnecessary risk which you can't predict on your own.
But sir Richard is highly recommended
💯Legit
It's not too late to invest. Though cryptocurrencies are getting more volatile. This means you should only invest with companies with professional traders and a guaranteed level of return.
Richard A. Blair Fx is the best manager I have ever seen
I am 13 and want to learn about being an entrepreneur. Without Mr.Kiyosaki I would be watching stupid videos. I Love This guy
Kid...you're wasting your teenage years.
Time and moments are more precious than assets and liabilities.
Go home and enjoy playing bike cycle and fights with friends only to be friend again next days
I think it's awesome what you're doing, kid. Don't listen to the haters.
@@sonamtshering3570 some what true. He should definitely not skip parties, hanging out with friends, hanging out with girls, or family. But he should also fill his mind with beneficial information that no other 13 yr old is learning.
So happy for you😀
Keep upgrading your financial education
since teens of your age aren’t interested in these stuffs rather they are busy flexing unrealistic things 🤷🏼♀️
@@user-kp1ry3so2s hanging out with girls? Lol I'm 16 and I don't wanna waste time with my friends or girls on useless stuff
TRADING CRYPTOS HAS NOT BEEN GOING WELL WITH ME , I HAVE INVESTED A LOT OF TIMES AND FAILED , I TRADE ON MY OWN BUT EACH TIME I KEEP LOOSING MONEY . I DON'T HAVE GOOD STRATEGIES TOWARDS THE MARKET . PLEASE CAN SOMEONE PUT ME THROUGH ON THE RIGHT PATH..
@ROWLING SAM There is really no country restriction in her company,I'm investing with her from Switzerland.
What surprises me about her mostly is she gives her client's access to her trading site whereby they can monitor their trades on daily basis
@@matawilliam4137 Who is this professional everyone is talking about I always see her post on top comments on every TH-cam video I
Watched
watched
Please how can I reach this mrs Nancy I've already lost enough of money trading for myself.
私は今幸せです➕𝟏𝟐𝟎𝟖𝟐𝟖𝟓𝟔𝟓𝟗𝟓私はとても幸せです。
I'm at a huge loss from panic selling then rebuying the presumed dips then again repeating the same procedure am still at a huge loss and just waiting and contemplating. I have to regain my losses so I think I'm wishful thinking. Lost approximately £80k
It's a scary rollercoaster for sure, which is why no one should get on board unless you're prepared to crash and burn - and why having a strategy to take gains when they happen is key
You know these days it's really easy to buy into trending stocks, but the task is determining when to buy or sell . My Portfolio-advisor decides entry and exit commands on my portfolio, I've accrued over €550k from an initially stagnant reserve of €150K
@@colleen.odegaard Please who’s your portfolio-advisor and how can I count with such skills? I have AUD200k to grow advantageously with low or no risk
@@velayuthman KATHERINE DUFFY BURKE, search her up. She is one of the highest rated portfolio-advisors with a good track record. She is also verifiable through various advisory bodies.
@@colleen.odegaard I curiously looked up Katherine came across her Official-webpage, her credentials/testimonials seem solid with positive reviews, I just left her a note. Thanks a lot
The 1% Millionaires stay rich by staying off high interest debts and investing passively. Personally i made my first million from having investments that spreads across stocks, etfs, coins and bonds.What i can say to early investors is diversification and solid management..at this point I'm actually grateful for my advisor Deborah Jean Dykstra.. it's been great.
Nicely done. love diversity.
out of curiosity I did read about Deborah Jean Dykstra on the web.,she has a great resume.
i'm happy there are lots of people doing so well...Love this channel for the transparency
@@PhilipMurray251 i found her web too, she's impressive
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future… I pray that anyone who is reading this will be successful in his or her life!!!
Wow, really. I was able to make my $25k on investment
@johnmark5119I’m looking for something I can venture into on a short term basis, I have $15k sitting in my savings
Assets that can make you rich
*FX
*Btcoin
*Stocks
*Gold
*Real estate
You’re right but a lot of people remain poor due to ignorance
Not because of ignorance, it’s because of the high rate of unprofessionalism in the cypto market
The future belongs to those who believe in the beauty of their dreams. Success is a state of mind. I think I'm blessed because if not I wouldn't have met someone who is as spectacular as Expert Mr Martinez amend.
Hit $200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with $20k in October 2023
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
@@joeclinton552You're absolutely right, and that's a beautiful mindset you've got there I never thought of it this way before.
The idea of the whole trade market is something I still can't wrap my head around.
I have broken through 45k, 72k and got my eyes on 120k! Champagne stays popping, he is too awesome.people prefyto spend money on liabilities rather than investing in assets and be very profitable
Apt and insightful video. Let me add that I moved to a relatively low value housing area because of tax from Farragut, TN, to North Dakota. Reduced my spending and adopted a good dieting. Saved 30% of my income and made a down payment for a house, put a few rooms on rent and the rest of the work was done by my FA. I didn’t achieve it faster because it takes time to perfect, I’ve grown a nest egg of over $450k in almost a year, even as the economy worsens; This can only be achieved by setting goals and of course working with the right FA. A lot may disagree on an FA because of their charges but I always say the work of an FA is so underrated and it’s more than just making sure you make profit. As long as you get your profits based on agreements, an experienced FA who’s been in the market for years will not care about Milking you. Considering how the global economic market has slowed, FAs do a hard-high tasked job to protect and offer financial benefits that a regular investor will not know of. For a year and the half now, I’ve invested with a financial company that invests on pharmaceuticals and cannabis stocks to cover up for the slowed growth of their bonds (pharmaceuticals and cannabis), crypto (yes, crypto!) and sp500 investments.
Robert Kiyosaki is a blessing to many. I achieved success after I practiced the steps below.
Y’all need to Know this. A well-known podcast in the US taught me how the rich don’t teach how to achieve success. They Seek the ideas of Fin. ConsuItants to help grow their finance
To achieve success, a FinanciaI ConsuItant is needed to achieve it. I engage in a Variety of lnvestments with the ideas of my consuItant and have acquired great returns so far. ( the amount is confidentiaI )
For further lnfo about my FinanciaI consuItant, you can look up her full name below
Isabelle Chloe Scott
Opportunity is a scarce commodity. I will partake in this. Luckily I stumble into this.
Greatest business mentor ever to me he is soo underrated get it going grandpa👌👌
now in the twilight of my years, I experience increasing cash outflow because of only measly social pensions with increasing food, utility and medical expenses. early in life, I set and controlled my monthly expenses, rewarding myself minimally for additional income from working hard in my solo staff biz. And invested the surplus mostly in government bonds. I do not believe in life insurance, I tried in stock markets only to lose as a casual retail investor. I could have been better off by acquiring real estate but financial constraints of low cash position stopped me. I am in many ways like what Mr. K is saying in this video. I THANK MR. K FOR HIS VERY TRUTHFUL AND INFORMATIVE VIDEO.
Robert sir was wrong in 1 thing... kids and relations are not Liabilities - They are Assets... bcoz if u love and take care of them in their need(with true love n affection) they will take care of U when u r in need.....(old age, etc)..😊 I feel this.
In India we have that love, family and we live together...(especially very southern part of India) So here family is an asset.... I feel this...
Sorry but he isnt wrong for the majority sir..Also some kids still turn out spoiled and entitled no matter how good u are to them and can't wait to put their parents in a home. Their parents may have not felt negative about them bcuz they brought the kids here into the world but the kids didn't "bring their parents here" so to them it maybe a burden to have to take care of them when its time. Glad for your family being that way in lndia .but that doesn't go for everywhere else. Ijs.
@@deniawiseone95 if you don't want any relations and think them as liabilities. why live in this world? what's the purpose of having any asset? why earn money? what would you guys even do without a loved one! :D in this logic - even a husband/wife can become a liability to each other. Is he suggesting to stay lonely? come on. yes financial literacy is important, but one should be human if born as a human in this world. Failing to be human and failing to love is what is causing all the chaos in this world.
Life is a game, cash flow is the name 😄
😂😂😂
So life is cash flow
Nice
Since I started investing it has been smooth and no complain. But I still see people complaining that they have been scammed in one way or the other. I wonder why, Investing in binary trading has been so profitable to me. So I think I should introduce my Manager Mr martins l to you if you're interested. He has being a honest manager all through and I am still investing with him till today. Invest with the right manager and there will be no more scam, i promise you that.
You can contact him on this (mratinswilliam@gmail.com)
you can earn up to $8000 in daily from home through investment in forex and Binary option trade
Money isn't value, it's a promisary note, a representation of value (it says it on the back lol ). Real value comes from a scarcity of resources b... Supply n da land... Lol water toooo now ✅😊🙏
You are truly a generous man.
Nobody teaches financial education. You are doing great work.
Being 25 watching this and hearing that you bought ur first property at that age and started to profit from the earning even if we're just a little. Is beyond motivating to me I'm locked in and truly eager to learn more.
I am listening it at 17
@@PrathamSaini-sd1cr same, preparing for 18
@@LorenzAugust Samee, wanna make a groul chat about financials?
@@longlifelearner2005 you mean group chat about finance? Sure I guess? I just started studying corporate finance, and I started with the book and trying to know all the financial terms to be financially literate.
@@longlifelearner2005Interested Aswell, how about a discord group chat?
Such a Gem of a video. I think one thing Robert didn’t make clear is that liability’s are not bad always SO long as you have the cash flow to have them. If you focus on having more assets then liability’s you are off to a great start. Having a kid, taking care of your loved ones is great so long as you have the cash flow to do so. If the house you want to live in is 3 grand Morgage that’s great, so long as you have the assets to provide the cash flow to do it.
Debt doesn't cause a problem untill you have money to pay the next installment
- US federal reserve
"Assets puts money into your pocket and liabilities take money out of your pocket" what an amazing thing to learn from these lines😀😊
This is in his book
That is not really true though. Assets can take money of you.
Amazing and false. Assets put money in your pocket when you transfer them to someone else.
Liabilities require that you PAY money in order to not have them anymore.
Houses are asssets.
“A criminals best asset is his lie-ability.”
HAHAA!
-goose from family guy
😂😂😂
Poor guy,😣
Damn thats gold doggie
Mike M. More I was thinking more along the lines of palladium...
a great man i should say, you gave a summary of life in 10 minutes with all the pumps in it
Mr Robert, thank you.
For what you do, you are literally doing the most. Thank you for the warm welcome to the rich dad community.❤
30yr old here...going to buy my second house to rent it out this year..im on my way to multi income cash flow
Mexi Short considering i wrote that post a month ago im still learning and educating myself... do you have any positive worth while advice for me? Or did you just want to be a smart ass?
bishop198666 I'm doing the same thing bro, keep buying house and if you can (A pompstation).
Learn Forex trading.
Do network marketing.
Invest in real estate.
Hey you should watch Grant Cardone youtube re buying real estate he is amazing. I highly recommend :)
good job friend!
👌🏽
Life time lesson with in literally minutes. Thanks Robert.
Watson william Stop with that scam
@@watsonwilliam4642 g
@@watsonwilliam4642 p
@@watsonwilliam4642 on p
@@watsonwilliam4642 p
Sir, my name is Lal Bahadur Singh and I am from India. The knowledge I have gained from your book Rich Dad Poor Dad is very perfect. Sir, today the whole school did not teach this in the college which you tried to learn through the book. done sir
this man changed my life and i'm grateful.i now have a better understanding of liabilities.
Who reads comments and still listens to the convo? Like this
if only i read your 'The Rich Dad Poor Dad' book 10 years ago I would have not been in this rat race now..better late than never , i learned so much from you, hope I can get out of the rat race soon, u r doing a great job, thanks
Murlikrishna Chippa I can help you out of the rat race. Contact me
Murlikrishna Chippa let’s connect my instagram is Tazmin.khan
Hello a little help here.....don’t like the rat race at all
Allen Trost what do you do for a living? Please advise
Tazmin Khan what do you do for a living? Please advise
Successful people don't become that way overnight. What most people see at a wealth, a great career, purpose is the result of hard work. 🤑🤑
She trades for me too. My first investment with Mrs Layla Taylor gave me profit over $25000 and ever since then I trade with her and it has been a good turnups
My first experience with her gave me the assurance that has made me to invest without fear of losing
7th winning thanks to Expert Mrs Layla, she's really the best, I've made a lot
Please how can I reach this Expert Layla everyone is talking about?
+1
Thank you😊 for this video, do you offer account management or have any recommendations?
Any specific guide?
@@natina1957 I recommend Mrs Victoria Q. Wilson of UCLA Anderson.
she's quite exceptional when it comes to this and her methods are working for me at the moment
Ever since I lost my job with the ministry, I have been surviving through my investment with Miss Victoria, I'm so glad I invested when I did.
@@nickpope5056 You are absolutely right, I have been working with her for months now, so efficient and professional, always making huge profits for me
@Mark Taylor Of course I withdrew my profit last two days
before now. I'm glad I did invest with her still
reinvested and the trade is ongoing
This video doesn't explain how to turn a liability into an asset.
Once you have the liability, then you're stuck with it until you can dispose of it.
At best, the video explains that liabilities should be acquired *only* by first acquiring assets to pay for liabilities.
UltimateBargains yes you’re right. I also don’t understand how his rental puts $25 in his pocket.
@@santoyo526 The rental income paid for the operating expenses and debt service, with $25 left over for his net cash flow each month.
This was decades ago when rents were much lower compared to now.
The point of his example is to run the numbers before committing to the deal to be sure that you will have sufficient net income to tolerate recessionary pressure on income and expenses to avoid defaulting on the debt.
@@UltimateBargains yes, and don't forget, you need tenants that will actually pay their rent and not destroy the property.
@@a.stewart2641 The more risk averse you are, the less income you will receive.
Life is all about managing risk, not hiding from it.
BINGO
"I am with my best friend's daughter"
I have seen that movie before
I've seen that movie too lol 😂😂😂
I love her nod at the beginning. Makes it even more sexual
Not his liability. Smart
Which movie? I need to watch
@@jdengsky How old are you lol
Thanks for the financial education content, I was watching the TH-cam channel Explore your dream life and this video was recommended to me by TH-cam I just liked and subscribed to your channel
The best thing I learnt during the pandemic was having passive sources of income , and I am grateful as the experience of the pandemic really opened my eyes to possibilities , it’s important to have back up plans , as it is said “ you haven’t started making money till you can make money in your sleep” “let your money work for you” I am glad I did and I am glad I met Mr Kent white as he has been my a wonderful financial advisors and trader .
I still remember the first week I got in touch with Mr Kent white, His strategies was so easy to adopt but I made $30k directly to my bitcoin wallet.
If interested, you can reach him
Via tel egram ⬇️
@Tradewithkent
Is his username
Hello Robert and Rich Dad Foundation, I can't thank you enough for the great help you have been offering to people like me (in E and S quadrant currently). I had no idea about investing and was a spendaholic until very recently. But after reading rich dad poor dad, it opened my eyes. Now I am 25; have completed my graduation; working in E quadrant and have an education loan. I aspire to become an Investor and finally be financially free by age of 40. Right now, I am investing in stock market and mutual funds. But I am now in dilemma as to whether pay off my debt completely first rather than focusing on building asset column. Because for that, I need to stop the mutual fund and pay that amount as EMI. Could you please suggest me.
prasanjeet choudhury Play cashflow game for free on his website and you’ll get the answer
Hi ashish verma thanks for your respond. Yes I have been playing the cash flow game quite frequently over last few weeks. Over there I prefer to buy real estate and increase my asset column rather than reducing my debt. But in real life, it will take time to study, understand and then invest in real estate. That's why I was asking that is it a good idea to first finish the debts and then go for asset column or should I keep building the assets (continue buying stocks and mutual funds) and just pay minimum emi on my debt for now. In this way the debt will go for longer and I will end up paying much more.
prasanjeet choudhury I understand what you’re thinking. But you can build other assets than only Real Estate. You can build businesses, invest in stocks, etc. How much time do you think it’ll take to clear debts? If im not wrong most debt takes a lot of time to be cleared. Start thinking out of the box and increasing your income. The problem arises when you say “is it good idea to clear debt first and THEN GO FOR ASSET COLUMN”. Bro, you just limited yourself by saying that I can’t have extra income without a real estate. Generate some extra income in some other way!! Don’t do a job for this extra income. Flip some stuff, do anything!, hustle!! and get the extra monthly cashflow. Save this extra income for a couple months while paying your EMI from your current income. Also, take time (maybe a month or 3 months or 6 months) to find that real estate/business idea/stock investment. Yes bro, you need to struggle and hustle in the start. I work 1 job+my dad’s business+my own business+go to school for masters!! Just for that one dream I have in my mind. So I would suggest pay your EMI. If there is a way to convert your debt into a good debt (google this), do so! If not, keep paying this because unpaid bad DEBT can make you a slave. Make sure you don’t get any extra interest on this debt. Keep it clear. and hustle to generate that extra money also, think out of the box for some idea. Look around you, market, food item, restaurant, anything for that extra income. You got no other option man :) FOCUS ON GENERATING EXTRA CASH for now which can make you good cash reserve, which will then help you to make an asset like a down payment for new Real Estate/new business, etc. How much time it will take to make this cash reserve? depends on your action. If you take action 10times, ... you know where i’m going ;) Good luck man :) You’ve read books, played cashflow, you’re far ahead than a normal average person. You will do fine. Keep learning!
ashish verma thanks buddy.. Thanks for your suggestion.. I will do this..
I suggest you get a job, pay off your debts if they are high interest. Save as much as possible and find something you can invest in that you CONTROL that can make you passive income. You can't control the stock price (unless you are a activist investor). Instead invest into a rental property, or buy a car and have 2 people you know drive it for you 20 hours a day (10 hours each) and generate you some passive $$$. And slowly scale up.
Success is about focusing Your energy on
what creates results and using what you
already know
I pray whoever reads this should
become successful. keep I for success.
the rich stay rich by spending like the
poor and investing why the poor stay
poor and be spending ike... Read more
Assets that can make you rich!
But I don't know why people remain
poor due ignorance
It's not ignorance but
unprofessional broker in the market
People are really making a lot of money
from it..
Six words - income, expense, asset, liability and cash flow.
Genius analysis of these terms with being honest about liabilities
Thank you for putting together this intelligent and easy to understand series. Many blessings to you for this kindness!
When you get old, you become a liability. But love towards your parents and children are priceless.
There is modern age, everyone does online payment, so how can tax not be paid in that
Best thing that happened to me last year that I can attest to is the progress I have made so far on trade. Venturing into crypto was my best decision ever I know more is yet to come 2023
How? I know it's possible, I would appreciate if you show me how to go about it
Invest in stocks and crypto is a good idea, a good trading system would puts you through many days of success.
I've stop worrying about the fall in price of Bitcoin since I began using Mentor Derek Mia Scott strategy and I have made gains everyday, even when the price is going down. Never ends well with dictators, stay strong Ukraine.
@@danielkaplan6610 .Excellent buddy how good are your earnings and do you have any recommendations or suggestions
@@jameskourygabriel4973 .Well I earn 9,740 at the end of each trade cycle depends on what I put in and it has been so good so far
So basically in a perfect world we all own properties and we all rent from eachother :)
Not everyone is gonna want or even think to do this. There are plenty of people set on being renters and employees their entire life.
@@LordHollow so he basically advocates preying on the poor people who don't have the financial skills...it is interesting as a concept to follow when these very same people will start shooting the richer ones on the streets
@@simo7393 I think he is saying that the information on how to do this is available but we all know that not everyone will do it. It's like smoking. Every knows its harmful but some still smoke. They even know it causes cancer before the try it but still, they do it.
One of the Rockefellers is quoted as saying, “Own nothing; Control everything.”
HAHAHA AH A HHA AHAHAHAH AHA HA HAHAHAH OH MAN
In 15 minutes I learned that my 4 year MBA degree costing $100,000 was a liability the entire time.
Correct but if you get a better job later then it generates more cash flow for you. Becomes an asset!
@@zakymaa but than again you pay income tax and payroll tax
@@colourcakez3585he has explained that how to shift from a only cash flow from job to cash flow from assets
Thanks for the advice , good stuff!
The volatility in the market is alarming. How can i diversify my reserve across multiple markets while creating a comprehensive portfolio allocation that balances my concerns of risk aversion and returns that meet yearly inflation? I mean I've heard of people making up to $300k weeks during this crash and I'd like to know how.
You have to get a financial-advisor/broker to aid you diversify your portfolios to include commodities, inflation-indexed bonds and stocks of companies with solid cash flows, as opposed to growth stocks where valuations were based on future potential earnings.
@Finest Bear Hug Please can you leave the info of your investment advisor here? I’m in dire need for one
@Finest Bear Hug Thanks for this . Her website popped up on the first page immediately I searched her, I read through her resume and Did my due diligence on her before leaving a message. So, hopefully she replies soon.
Hello Robert, I have just started following you and hope I could learn most of what you are providing. Don't know how this knowledge will fit the Indian market and liabilities. But definitely, I would be following you to expand my IT business.
So I have learned from this video ---dividing whatever I have into 6 parts and they are: income, expenses, assets, liabilities and CASH FLOW.
Thanks for this knowledge.
Anshul Jain hi girl, I want to learn in yr hand about the business.pls
You're a phony person set up by Kiyosaki, that's all you are.
Thank you for all the knowledge and wisdom . So I can get straight to the point I watched a lot of your videos so I can give it to you straight this is my first time I’m just a worker and I’m changing those habit my boss is a doctor with a construction company roofing he has too foreman and six workers so he told me to come up with a business proposition and if you consider that I’ll be able to be partners. I’m going to be a success story I’m going to make billions of dollars so if I fail at least I feel like millions lol
His advice sounds great. Just try to apply it today. It's not the same. You have to have one hell of a credit card today for the average Joe. Not happening. So someone with little money needs to really know how to move about this game board. Most real estate deals you need 20 to 30 % down. Not 10% . So who's credit card has that amount. Yes some but most no. Most need to have a job , live below your means like Warren Buffett and save for a down and go from there. Maybe use equity if you have a home but then you pay interest on that down payment. The numbers need to be reviewed on everything before a move is made. And the stick market is just fine.
Robert talks about buying property for rentals but that has expenses too,as they get torn up, tenant doesn’t pay & its an expense to remodel,evict, time involved to repair or hire repairs, stress from lazy tenants, etc. …maybe you can show losses but in comparing income to expenses plus headaches,stress, I ask you, is it really worth it? Maybe I’m just not seeing the full picture but I worked for an attorney before retiring & we always dealt with landlords trying to evict for tenant not paying rent…&then even after going through court & winning, you’d have to go back &get a judgment against deadbeat tenants b/c they still wouldn’t pay.
Hi Mr. Kiyosaki! First of all, thank you for teaching us all this priceless lessons and for sharing your lifetime experience. I read almost all of your books and I'm slowly starting to see some results! I just have one question for you if you don't mind : Instead of buying things that depreciate, I enjoy finding rare antique items at a really good price that goes up in value with time... Do you consider rare antique items an assets?
I'm going to break this down real quick and I hope it helps. At 6:23 He clearly gives an example at the age of 25 how he turned a Liabilty into an Asset, so to speak. He used a credit card (LIABILITY) to purchase an apartment (ASSET) and cash flowed at $25 (PASSIVE INCOME). Cash flow=cash earned after paying all expenses. I see multiple benifits out of this scenario. 1) Leveraged his personal credit to obtain debt, a credit card, which means he used other people's money and didnt have to tie up his own cash. Additionally, credit cards are much easier and quicker to obtain versus acquiring a mortgage. 2) Utilization of someone elses money, Credit Card (LIABILITY), to purchase an INCOME DRIVEN ASSET which covered all operating expenses for the apartment, including repayment of the credit card, once the rent was paid by the renter, and left him with $25 that he did not have to get up and actively work for. 3) His FICO score had to go up for paying back on the card, thus opening the door to more opportunity to acquire larger lines in the future. 5) The Apartment (ASSET) acquisition immediately increased his networth (WEALTH) at the same time. 4) Holding of the ASSET long enough, or buying right coming in the gate will allow cash (EQUITY) to be pulled out of the asset either immediately or when it appreciates. 5) Sell the asset when its crazy over valued like in 2008 and now in 2019 and walk away with a HUGE PROFIT, 1031 exchange it and increase your passive income and wealth without paying tax on the gain all while using a credit card 💳 (LIABILITY/DEBT). Rinse and Repeat over time to build a massive rental asset portfolio. Then come back to look at this video and shake your head at all of the people who didn't take advantage of all this opportunist information. Most people will apply for a credit card and use that liability to cover another liabilty. It's all a mindset 🧠. Choose what side of the fence you want to be on simple as that. ✌🏼
Thank you so much for the details...!!
The way you enlightened young millennials is very practical. You're one of the interesting people I want to follow. Thank you for the great content!
I know Robert doesn't believe FICO is the net end game, but in the beginning starting off it's crucial to those initial purchases in real estate. Too many try to buy that McMansion now instead of a good starter home they can move to a rental in a few years and then move up to a good living house (not a McMansion) and then add on other good starter homes/apartment homes for others. I wish I knew this 25 years ago. Also another thing not talked about is bad relationships with marriage/whether common-law or official. You can lose half of everything built overnight. I made that mistake twice.
Thank you Robert for teaching without holding back on what's being said. Definitely things have to be said like they are. Look forward to other educational videos from you.
How about some ( real estate)
4:45 - ... bought my first house... apartment, investment property... "I didnt live in it, I rented it out"... If only I had heard, believed and acted upon those words when I bought my first property. OUCH Ouch, well, I just had to learn the hard way ey!! Now I am a Student, Thanks Mr. Kiyosaki!!
Just being curious, although it is not my business, but I have to wonder ... if you bought your first property and then rented it out, which you did not know to do, thus implying you lived in the first property ... I wonder who it was you would have lived with while renting that "asset", meaning, for whom would you have been a liability while collecting from and maintaining your non personally occupied asset?
@@switchjim learn how to read
@@mm-hq4qh can you be more verbose?
This is a great deal. Am a financial expert though the financial terms are not new to me but I so much appreciate the unique and beautiful ways the points were driven home. A perfect presentation that no one can restrict.
..thankyou for the education..
I still didn't understand how to convert a liability into an asset. Good video.
lmao
Well he mentioned do not buy liabilities but assets. So just getting rid of your liabilities to buy assets is the way. However, some liabilities can be turned into long run assets such as renting out your property
@@Marsconquered This works only in America my friend. They have the dumbest rules and the dumbest people
In his book Rich Dad Poor Dad. He wrote about his rich Dad that " I m rich because I've you, kids...
Poor dad said I m poor because I've you. kids. So it's about your mentality how you see your kids assets or liability. Now I like his rich dad personality but here I disagree with Robert on having a family as liability. Money is good thing but it's not everything. There is a lot of things money can't buy and you all already knew it.
adarshfareed khan agree
money is everything in capitalism sociaty . Look at the homeless people they dont have family,they dont have wife ,husband,kids and nobody want to marry with them.But lets say if they get 1 million dollars right now. guess what?many people man or woman will want to marry with them,especially people who have finacial struggle or poor people.money can buy everything even a family .we dont say family is liability because of humanity not because of fact. but when your parents get older and kids grow up that spend much money that definitely is liability .its a fact.
Money isn’t everything yes, but that had nothing to do with his point. He was simply stating what makes money to go out of your pocket versus what makes cash flow in, that’s it.
It is everything . Money control your mentality -mentality control your mind -mind control your steps -steps adn decision control your life. So if y use mathematic standard if a+b=c and c=d + f
The equation is a+b=d+f
A for steps b for iq = c for money . Money for=life+mentality
Than learn to make money also make you to learn about your self. Money is mentality control.
if you don't invest into your kids they become a liability or even worse burn down your house or kill you
I think family is treasure- worth more than assets
When u don't have any money how u feed them man?
Your brain can be either an asset or a liability. Some are limited. Some are mentally disabled. Some are lazy but can have a huge potential.
@@mashudrahman9190 WORK THE SOIL !!!!! western society ...you only want to stay and look at the MONEY ...BUT TODAY OFFCOURSE IT'S A SHAME TO WORK.....IT'S NOT FASHION daaa
Exactly!!! How can one compare money & family!!!
What if you have a fucked up one? Yes, I agree that these people will come to you in your hard time and all that family shit, but what if they are there just for their hidden agendas? What if they are giving you more headache, tension and family drama than your job? And to be clear, I'm living in one of those!