'GOING BUST': Rich Dad, Poor Dad author warns of California exodus
ฝัง
- เผยแพร่เมื่อ 11 ก.ย. 2024
- The Rich Dad Company co-founder weighs in on California's failures and why entrepreneurship is important amid the tech evolution.
Subscribe to Fox Business! bit.ly/2D9Cdse
Watch more Fox Business Video: video.foxbusin...
Watch Fox Business Network Live: www.foxnewsgo.com/
FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York - the business capital of the world - FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.
Follow Fox Business on Facebook: / foxbusiness
Follow Fox Business on Twitter: / foxbusiness
Follow Fox Business on Instagram: / foxbusiness
It's sad how difficult things have become in the present generation. I was wondering how to Utilize some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.
Yeah, things may be hard right now, but I've come to realize both bear and bull market, recessions and economic boom, all provide opportunities to make high gains, I used to call bluff on folks that bragged about making a fortune from such down-markets until I happened to do so myself.
Some economies, especially those heavily reliant on imports or those that experienced severe supply chain disruptions, are facing higher inflation rates. However, inflation dynamics can differ based on local economic conditions and policies
Governments might also adjust fiscal policies, such as reducing spending or changing tax policies, to manage inflationary pressures
Despite low unemployment rates, there are concerns about underemployment, wage stagnation in some sectors, and disparities in job quality
That's why it's crucial to stay informed and be proactive in managing our finances during these uncertain times. Seeking advice from financial experts can really make a difference
From gold miners and pioneers to what we have today. Do you know what happened to California? The voters got really, really STUPID!
Yes but that's happening everywhere. The two party system along with blind partisanship is destroying the nation.
Yeah, I'm voting for the homeless in our state! For proof, it can't get any worse? 😅😊
Elaborate
Feed the rich to the homeless.
voters were addicted to freebies
Doing what small business when nobody has any money????? This nation is in decline!!!!
It's a dump now
I work for a small Rebar Business. Open since 1974. We do pretty good here in Sacramento California. Owner does just enough to keep us going with bonuses. Good company. JJ ReBar. 💪🏽
Go Woke, go broke!
Money is not meant to control people, rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place........
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
I'm surprised that you just mentioned and recommend Mr Brian Nelson. I met him at a conference in 2018 and we have been working together ever since.
Cali had a great opportunity to change course and pissed it away. Let the exodus continue!
Newsom is certainly a big problem. But the reason he and Democrats stay in power regardless of their destruction is that there are a great many single women in CA and they will always vote Democrat. Abortion is ALL they care about. If Satan is the Democrat running he’s in. Every time. Every single male Democrat worships at the feet of single women. When they ain’t blowing other men.
35, trillion is nationwide.
California is already hurting the rest of the country !
They are Democrats, they always fail.
Even many who are homeless leave because of the illegals and all that came through many of them ..
yeah and they spill over into neighboring states an ruin those california is a rats nest and if we did have a actual civil war vegas odds im willing to bet everyone turns on california
I prefer a Real Estate Tycoon run our Country then a political buffoon. Tycoon vs Buffoon. Vote wisely. T24!
@@wishbone103 a real estate tycoon that bankrupted casinos?? Why? Do you want him to bankrupt the country? He already spent 8 trillion dollars in 4 years..
Go away. You COMMIE@@jorgecarrejo7562
@jorgecarrejo7562 he has had far more successes then failures. Where is your billions or even millions. If you never failed then you never tried. Even Elon has had failures.
Citizen have to move from California and they cannot afford to work and eat due to high prices
"They can't afford to work" what?😂
That’s only what you believe because wof fox
Citizens?
There all illegal citizens that want to stay there.
Free hand outs
I remember when my uncle moved to California in the early sixties. He’d come back to visit and tell us about the sights, the cheap and plentiful food, the weather and so on. He loved it there. We were envious. Many years later the stories changed, about his neighborhood getting worst, the crime, the high taxes, political corruption. Paradise lost to greed….
It is one of the seven deadly sins. If I can pay my bills and go to the nursery in the spring and drop 100 dollars without worrying, I call myself rich. What the heck do these people who have more money than they could spend in 10 lifetimes doing with their money?
You watch too much TV and listen to clowns on Fox. There is no better state, and if you think all states don't have crime, politics, and high taxes you're naive.
a vote for harris is a vote for a stock market crash
Isn't that what donOLD said about Biden? And look at the stock market now.. The opposite of crashing.. 😂
@@jorgecarrejo7562 Traitor!
@jorgecarrejo7562 LMAO.
This coming from someone who I'm 99% certain is not currently active in the stock market.
The market keeps fluctuating and borderline collapsing.
Did you all just decide to disregard last month?
You people.... 😂😂😂
@@Hypno-Swag what? A 1000 dollar dip? Then back up to 40k? That's your definition of crashing? What did you call it when it dipped by 2k under donOLD?
@@jorgecarrejo7562Ha! Have you not been paying attention to the rapid fluctuations?
Look at August 5th. That was the lowest Nasdaq has been in 33 years. Over a thousand points were lost.
PLEEEEEASE tell me you're joking.
C'mon, you're joking right? 🤣
Gavin Newsom isn't done yet.
I'm sure he can ruin it for the rest of us. Another gasoline tax and a cat relocation program.
Exactly!!! Don’t count the fool out yet, he always manages to pull some BS policy out his left pocket on demand to tax us even more!
YOU WILL OWN NOTHING .
And like it!
Pure communism.
So sale everything we own and move out of California? Because….
Bitcoin
We own nothing now! Every thing is taxed over and over
Gavin Newson is U-Haul employee of the year.
California gained 2 million people in the last census, greater than the combined populations of Wyoming and North and South Dakota. The GOP counts on sheep not doing their own research
🤌
Gruesome...yuck!
I went to bank the other day for some business and the guy I spoke with moved to Missouri from CA 10 years ago. He said he had to move so he could afford to live. I know other people here who also moved here from CA for the same reasons.
Missouri is a crap hole. 47th in health.
@@douglemay7989 At least they prosecute people. Newsome and California is a garbage pit of slime and crime!!!!
To Missouri, wow. Talk about 3rd world towns. Let me tell you this for a fun fact, people of Missouri can not afford to live there. 😂 I know and I’ve seen it and lived it. Same goes for most of Mississippi, Tennessee, and the south. FYI, since California will not be a sponsor state, what will Missouri do? They get their money from California 😂 tough luck, maybe fox forgot to communicate that. Oh right, they only tell you what you may just be able to comprehend
@@douglemay7989 hmm, must be better than CA a lot of people are moving here. I only hope they don't bring their voting with them. As far as health goes, I have had no problem with HC. And of course you're wrong, Forbes has us at 25. As usual you people don't know facts.
@@michaelhayes9773 The Missouri Board of Health has their state at 40. I trust them more than Forbes. Of course any imports are going to vote in a way that you disapprove of. Good luck aging in a red state.
The last sentence is pure BS. "Us people" were the ones who were always better than you in school.
Elon isn’t leaving. He’s already left and didn’t even say goodbye. Many others have left and even more are in the process of running from the socialism Grusome is pushing on the state.
Too many Californians bought the stupid idea that there is such a thing as "free money".
I live in CA and I'm voting to Trump.
Why don't you move to Arkansas?
Thanks to the Jim Crow electoral college your Trump vote doesn't matter in California, you for abolishing it?
@@listlessvessels5because other state’s real estate is skyrocketing with all the (conservative-built and not long ago run) Ca real estate money leaving our state, with decades of acquired equity and personal assets being shifted into other states. (People who beg bureaucrats for min wage increases for unskilled employment wouldn’t understand this ).
@@listlessvessels5 This is a Troll! Way Too Many Dealings with this "thing". Ignore!
Same.
Even people in California who are doing OK to well still want to leave California. The state legislation and politicians contribute to most of the sad state its in.
When they can sell their house for a million dollars and get the exact same house in Texas or Florida for half the price they will leave.
Trump 45/47
CA was at 40 million people now they're they're only at a paltry oh my gosh 39 million people.
Stay out of Blue States or Cities!
Send all poor to California!!
I think California politicians should put half of each paycheck straight back into the economy of California ¡¡ 🇺🇲
Cities should ban fleeing California residents. Shortly your state will resemble theirs. The disease should be contained and not allowed to spread.
Continue voting blue,and surely the all U.S.A. will go the way of California.Its all has engineered by those who want to turn the Country into a Socialist State.Its a strategy for the State to take control.We already saw this movie.
And where DID socialism succeed? Name one country where socialism actually worked. Just one!
@@maxsands3861 Don't forget the Heaven on earth Nicaragua!
Not to mention North Korea!
Being in debt is not leadership.
Donald owns 25% of the national debt.
The poor man has to earn his living from somewhere red state
The badness about Cal. is that the Ports are very important and the border line will grow/ unmanageable .
Don’t buy any properties in California! Real estate will crash in California
Yep. It's gonna be a Sh!T Show....
Looks like a real estate opportunity for Newsome and his Comrades.
It’s not a democrat or republican issues it’s SAVING THIS COUNTRY Americans get off couch stop eating cheese puffs and put down beer down and save American
The irony of this entire episode is that back in 1991 Soundgarden came out with the song "Outshined". In that song Chris Cornell had the lyrics "I'm looking California, but feeling Minnesota" and it wasn't a positive thing.
Minnesota isn't a positive thing either. Highway Corporate tax is Union and fake, passive aggressive people they imported a lot of East Africans too they get preferential treatment..DFL party is worse than ChiComs Reds
I bet Cornell wouldn't be saying the same thing about Minnesota now.
I feel like he's going to try to sell us some gold or silver
Final pieces of real should be sold and transferred to Florida and Ohio. I am already an Ohio resident, and my wife will transfer once our 2nd home is in escrow. As a native Californian I am sickened by this.
Make The California GOP electable.
Give California back to Mexico they will show gruesome how to run it and they would do a much better job running things
I can’t imagine George Washington not wanting ALL THE STATES TO DO WELL BECAUSE WE ARE ALL AMERICANS!!!!!!
Voting Democrat is like sniffing glue. It feels really good at first. The long term ramifications however are catastrophic.
Funny, why do Republican Presidents always leave a mess economically if they are so great?
@@douglemay7989President Reagan gave our Country 60 months of the most prosperous period in history... 🇺🇲
@@douglemay7989 So what are you saying, things are good economically after Biden ???
Wish I could sue Santa Clara county for multiple millions of $ for harm they did. Me.. MN too. Besides NY they are worst States in Union
This is not news nor is it a surprise!
Warns of Exodus? LIttle late with this knowledge. Cali has had an exodus for awhile now. If you can afford to leave, then you are leaving. Catch up.
You forgot the homeless in our state too! Were heading towards a Recession too, verify by the homeless! I better get use to homeless as my new neighbors now!
The last one out of California close the door. That you Gavin...
He’s correct, we need to start to teach in grade school up about the necessity of the small - large businesses and that they drive economic security and not the government! The govt works for us!!! We dont work for the govt!!
kiyosaki has 1.2 billion in debt why should anyone trust what he says
"ENGINEER ELON MUSK GONE FROM CALI 🇺🇸 & BRAZIL 🇧🇷; FREE SPEECH 💬 LIMITED. IT'S TIME TO TAKE STOCK." ❤🇬🇧❤
Stop buying and trading debt. When companies profit off trading debt, citizens lose
My electric bill every month is $785.00 and Im not even using so much electricity. My water is too high in Northern California $150.00 and not even using water. I tried to conserve water and replace my grass as plastic still high.......
Your water bill is very reasonable . Wow I have a house in Illinois and I haven't seen a water bill that price for 20 years . Maybe California is not so bad after all .
Stop coming to Florida!
Florida is the tropical Houston it's been crap since the 90s
@@ArturoMonjaraz-u4yTake it you haven't been to California.
TRUMP 2024!!!
NO COMMUNISM!!!❤❤❤
Commiefornia
Crummyfornia... 🤣🤣🤣
Don't come to the state I live please "only if you bring money or hard work
With Harris if she's in the future is bleak
This is the best place in the world but we don’t have the best politicians
Keep telling yourself that. Make sure to tell all your friends that and just stay there.
California grows the most almonds in the usa.
So it has all the fruits and nuts, what's your point.
Yes, California in big trouble but If California goes the rest of the nation will follow 😮
I’m a transplant from Pittsburgh, PA been in Los Angeles for35+ years. It is not the same place. I am looking for the cartoon escape hatch out of this mad house. Traffic is never ending no matter what time of day, people with mental health issues everywhere causing havoc, the unhoused drug addicts everywhere, can’t ride the Metro Lines for fear of physical attacks, unpunished shoplifting, most everything locked in cases at the Walmarts, and smash and grab bandits wrecking businesses, L.A. County property taxes going up up up, and lunch box size apartments with no kitchens going at $1300.00 +. Ohhh, and don’t forget the non-citizens crossing the border in record numbers. I can’t not pretend anymore; it is time to return home : - (
Too late for the warning!
California has lost $2 Billion dollars in income taxes from people leaving the state according to (California Legislative Analyst Office)
CLAO.
Due to Inflation, Cost of Living, Home Costs, & Crime. Woke- Cali continues to lose people.
It’s intolerable.
Gov Newson continues to think of absurd new Taxes to suck more money from Californians. Yet he continues to sign off on radical luxuries for migrants while taxpayers suffer. His actions speak louder than his words. Instead, more & more people can not take the heavy burdens of exorbitant costs, rampant crime and the loss of jobs to migrants.
If I leave California where should I go
TX or Florida
Not to my state thanks. Tired of all you knuckleheads
I want to move from California
“BellWETHER”; not Bell Weather.
Tell whoever does your captions that the word is “bellwether” not “bell weather.”
We don't have to worry about overspending future taxpayers yet to be born will pay for everything!!
Thanks for the continuous update! I am super excited about how my crypto investment is going so far, making over 27k weekly is an amazing gain.
Could you please tell me how to go about this?
@@gothicroses666 It’s all thanks to Mrs Amelia Naik ,
@@gothicroses666 It’s all thanks to Amelia Naik
I really don't know how to appreciate her, she change my life and my family situation, a huge thanks to her expert Amelia
Spot-on, I would always rate her signals as one of the best ever used 100% accurate.
CA, will. NEVER go broke -------
Sacramento for Trump🟣🟣🟣❤❤❤
No one takes my silver and gold coins when I use it for payments in any store like Walmart or in a restaurant. The server is making fun of me.
Go woke go broke
1.) Working Career choices and opportunities.....
We aint, building No More PyRamids....
Well I'm trying. Doing my damnedest. Every day. Still poor.
What happens to all the migrants in Ca?
Migrants? Or you mean the people that are here illegally
He laughed 😂when he mentioned Harris
*Amazing video, you work for 40yrs you have $1m in your retirement, meanwhile some people are putting just $10k into trading from just few months aga and now they are multimillionaires
Waking up every 14th of each month to $58,000 it's a blessing to i and my family... Big gratitude to Alvarez Harry Hanlon
Wow 😲I know this Man mentioned here . He's really good with and on his job. He's helped a couple of families and individuals' finances
You don't have to be surprised, That's exactly her name( Alvarez Harry) so many people have recommended highly about him I'm huge beneficiary of his platform from Brisbane Australia
I'm from Alberta Canada I use to take loan from my bank for survival but after I came in contact with him I'm Now a credit not a debtor anymore bought my first car last month
Talking of been successful I think I'm blessed if not I wouldn't have met someone who is as spectacular as Alvarez Harry
Too many Latinos in California that ain't doing nothing for California
San Francisco’s once iconic tourist destination (Fishermans Wharf) is now shuttered and should be renamed tweaker and gang member wharf.
Now's the time to buy there!! Opportunity!!
@@listlessvessels5Wrong.. The city democrat marxists are PAYING FOR and offering FREE rent/leases to any business brave enough to return there. (NOT a joke like Biden would say, and thanks for the set up).
@@listlessvessels5 IGNORE THIS TROLL!!!
Everything is, "Gone now."
@@listlessvessels5pssst.. London is offering FREE rent/lease to any business that dare set up there.. DUH!
In ( Is it ? > ) Academia there are Levels of Degrees;
1) Freshman / ( 2 years )
2) Bachelor's Degree / ( 4 years )
3) Master's " / ( 6 years )
4) Doctor's " / ( 8 years )
Doctor John Bear once commented in one of his books ( as I remember ) that ( was it maybe - ? - > ) " There ought to be
a Chancellor's Degree " ! ?
Country is toast. Enjoy the rest of your day.
What I think that is beneficial to people is to have " Principles " conveyed to them in an " Orderly Way " !
And " How To " Memorize " them First !
I watched an " Online Video " of a College Science Class where the teacher used scientific Props & in an " Entertaining " way
demonstrated how that with the Addition of " Carbon Dioxide " a Fire could " Not Ignite " i.e. ( that is ) explode !
After watching This I Realized & commented that I had Just: " Wasted 28 minutes of my life " Watching That Professor " [ if he
was rated that high ], " Use up those students time " !
Trump2024
these rich people dont care or struggle as far as money goes.
Glad I live in space.
First time I never heard of him suggest that we should be in debt and don’t pay tax in this video.
California is doing just fine. We need Gavin Newsom to be President after Harris finishes her two terms as President.
Lovely Earrings
Escape La sequel to escape New York
No sh*t. Czlifornia just stole my stepdads land.
F the dem
That stuff on the trucks still needs to be unloaded. They see it so black and white. I think delivery driver jobs are safe til the singularity happens
Great empires collapsed because of internal fighting and corruption.
States, make a New Work. Food Dispensaries. Collecting almost expired foods, meat, milks, juices. Feed the Homelessness tomorrow. Some rented kitchens
If you close your eyes he kind of sounds like Robert Kennedy jr. They have that same voice.
We Are Amazing!!! Fixing, Biden-Recession.....
We're not broke. I know we're Trillions of Dollars in Debt but it's alright we'll just borrow some more money from you guys. Forget America CALIFORNIA UBER ALL, CALIFORNIA UBER AL... 💀💀💀
With the lead in of @ 1:36 ... " I think that going back to school " just to " get a job " is a Bad Idea ..." . / ;
To my understanding, when somebody makes a Donation to a College or University, if the Contribution is generous
enough, that Entity will use it to Build more Buildings, so that It " Can Make More Money " !
They are after all, Run Like a Business. / " But Does Mean " that they Produce Good or Better Results " !
Karmala .... 😢😢😢
L. A. is going to lose the 2028 Olympics
Yu can find hotel rooms cheap. Thats the way to go.
Industrial Revolution!!!!! Robots on Mars, Stadium to catch Cargo!!!
InDustry City, CA!!!! We Moving Boxcars!!! Tesla on Mars!!
I think they should all stay and I'll come visit. How about that?