Robert Kiyosaki's Formula To Get Rich - Millennial Money
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- เผยแพร่เมื่อ 25 ก.ค. 2024
- Ever wonder why the rich don’t pay any taxes?
If so, you’re not alone and today we’re going to give you the answer through Robert Kiyosaki's formula to get rich.
Think you’re ready to implement the formula yourself? We can’t wait to hear how you do it!
#robertkiyosaki #richdadpoordad #millennialmoney
www.richdad.com/
Facebook: @RobertKiyosaki
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We are planning more videos with Robert but we need ideas! Post in the comments section what topics you'd like to learn from Robert in upcoming episodes.
How to determine what is a solid investment outside of real estate.
How to pitch in such way that the investors give us money to make our own business when we have just the Idea or the planning of that business?
Sir do in India the investors have to pay no taxes too? Then what is the first step should we follow in India to be an investor with no money or little money?
How to find a real teacher
Hello! I'm new to all of this and have been watching videos for the past 3 days. If it hasn't been covered via video/book/or class...'Next Topic Suggestion' for me would be: Going over the next steps to "Transition" from being on the "E & S" side, into the other side of "B & I" side. - I feel that my husband and I are willing to make/take the next steps to get to the "B & I" side of the fence, however, right now I'm unsure with how & when we should start transitioning. (?) Tonight my husband and I are planning to sit down so I can show him the video's I've watched of Robert's teaching's. I believe my husband will be BLOWN away, however, he's also going to want to know more about "what do we do next", "how to and when", and "what can we do NOW to start the move". (You know, when you move out of a place you have to plan, pack up, make sure some things are in order and then make the move. :) That's what I feel like both him and I will want to do) **Please note: since Robert's teachings are all so new to me, I'll be ordering his books...continuing w/ watch his video's and listening to the podcast. I have A LOT to catch up with and I'm excited & nervous (in a good way) to put in all of the needed work! Thank you for listening, your time and THANK YOU for making these videos. I'm a late bloomer at 45 yrs old with learning all of this, but I'm not letting that stop me and I really ready to change my mindset. :) Wishing all of you much success and I hope to grow and learn along with the rest of the community!
Protect Mr. Kiyosaki at all costs.
Best comment ever!!!
Of course
I’m 46 and definitely not a millennial but I’ve learned so much by reading and watching Robert and his wife. I wish I’d learned all of this earlier in life but it’s never to late. Ive ordered the kids game for my children and I can’t wait to play it with them! They’re 6-14 and I want them to learn as much as they can before they go out into the world. Thank you Robert, I’m a huge fan.
Catherine I'm 43 and I'm reinventing myself. It's never too late to live your dreams.
@@kingdomthinker9794 I'm 17 in college rn, any suggestions of how to get started only started watching such videos
Junaid I’m also changing the way I look at money and life. As I stated before I want my children to have eyes wide open by the time they reach your age, 17. Good for you though for being so young and taking the initiative to start educating yourself now. Read Roberts books, I’ve found some that I downloaded for free on my iPad, watch his videos and take notes. After watching his videos or reading his books I’ll go to my notes and research things I didn’t fully understand or wanted to learn more about. Like Robert says play monopoly and if you can play his cash flow game. I think monopoly you can play online. Anyway, just start reading and watching anything you can get your hands on and I’m willing to bet you will be successful. I can only hope my boys will be as hungry as you are for real financial advice at your age. Good luck and keep it up and you will have great success!
@@Cat-zt2zw thanks ever so much! Wishing the best for you too!
@alex Cooper I'm currently in sixth form (college equivalent) and am planning to go to university, but I have this inner feeling which is telling me not to, and to start a business.
I'm 16, and I'm extremely glad that i found out about rich dad and Robert's books in my 9th grade, couldn't have been any luckier!
Implement his strategies and you will become very wealthy
I’m 15
Chris Invests - Personal Finance Videos I'm planning exactly on that!
Seth _ASMR nice!
@@riteshyeddu9186 It is good, make sure to become knowledgeable by the time you turn 18 and also save as much money as possible. Because currently it is useless to know these stuff because you cannot do anything on your own but make sure to study and save money to be able to do something when you have all your rights.
Robert Kiyosaki, thanks a lot.
I love this subject Bank, Money, Government, Employment and Society.
“You can’t tax them b/c they don’t have jobs” great content, going into my first year of real estate with what I have learned from reading and studying Robert, thank you changed my life.
This is the real 2019 Matrix. Is impresive to learn who are really the Giants of the educational school system today.
Im sure if Robert applied this concept earlier in life , he would be a billionaire .
I am glad I found a mentor.
Nothing new here...same information as all your other videos. Can you talk about actual specifics? Such as which tax codes to utilize, how to best use a 1031 exchange, what to do with the net profit from your rental income, etc?
lol right?
Has google stopped working? You need to put the meat on the table yourself. They have given you the shell. Now google how to use a 1031 exchange 😉😉😉😉
frauds don't go into specifics, they serve you fluff
@@10aDowningStreet He won't unless you pay like all those other "money coach" like Tony Robbins Consult a great, honest tax attorney and CFP?;)
Maybe u paying taxes haha no good
Thank you for continually teaching these concepts in a way thats easy to undersrand for those who need it the most. Thank you all!
I am so greatful to have the possibility to learn trough this channel from Robert!
Thank you very much!😍
The steps to continue wealth/kingdom mindset.
We want to know about buying multi family units and CAP rates
His honesty is bold. Robert has created a follower for life.
Straight to the point, no BS, using simple English that everyone can understand.
It's like revealing the Matrix..
Hes been talking about it for years. The part i dont agree with him is using 100% leverage. Leverage can wipe you out very easily.
@@leavemyponyalone5681
Depends on the game. Robert and many others on this site are in real estate, not equities. In equities, yes, you don't EVER want to go all-in. It's like a gun. You don't want only 1 shot. You want around 6 - 8, imo, spread over a specific market sector that you're good at keeping track of, as opposed to just 1 stock. If you fuck up the timing on one, you can make it back in another.
But if you go all-in, you're going to be wasting valuable time, jerking yourself off with delusions of grandeur, while the rest of the market keeps making money. Those people are a dime a dozen. I call them holy-grail seekers. They're seduced by the song of the sirens and they'll be eaten alive for it.
If you can't adapt to an ever-changing, ever-violent market, EXCHANGES aren't for you. It's not the stock bank. It's the stock EXCHANGE.
Every person that sits in B and I is going to tell you: This video is golden
And people who sit in the E and S will tell you this video is shallow and repetitive
(Like one comment above)
😂
I get a lot of insightful suggestions from TH-cam as to what I should be reading/ learning about. I’m so thankful for this
leesly B Robert Kiyosaki is a wealth of knowledge 💪👍
leesly B when TH-cam is a better parent than your own parents
Always great to learn new things from this wise man...
Robert is the real teacher. We need more teachers like him... Thank You 🙏🙏
Thanks a lot! Great info. Greetings from Venezuela!
I just left Nicaragua. How are things in Venezuela? Are there opportunities there to make money?
Thank you Robert! This information is amazing!!!
Great stuff. I am a small business owner and I get hammered in taxes. I've been focusing on the wrong things... and to see the 4 Quadrants displayed against the balance sheet was eye opening.
do you use writeoffs?
@@gjackson9590 Yes, my accountant has everything categorized and we have plenty of write-offs... and I still pay a lot in taxes.
Damn, I hope you can get it down this year bro, bless @@ryantcookrealtor
Ryan Cook so what steps do you need to take to get you on the big business and investor
I think that if you hire people your taxes will go down your accountant can't do a lot to lower your taxes as a small business owner .I am a first year finance major so I will know how the labor market works so I will be able to screen how to hire people and profit from their cheap labor and if you manage them well you will profit as a business .
Good info for a newbie and well structured. ty
These are becoming better and better!! Thank you for uploading 👍
I don't want to be rich! Just financially secured!
How about a segment on developing passive income using OPM
YES. Great idea
You are from,, here an opportunity to earn passive income.
@@hhemu_9824 Canada tell me more
How to Store Gold Silver?
Thank You so much, Robert. Such a great knowledge
Talk about how a typical person who lives paycheck to paycheck could practice the concepts that Robert talks about and work to become an investor.
I would like to see how they tackle that.
Its all about paying yourself first and budgeting the left over for your expenses. Most people don't want to live bellow their means but sacrifice and learning is what it takes. Good luck guys.
G4md0R By, just doin’ it like Nike!
You gotta follow more people and learn to read between the lines. Rich dad poor dad teaches you the formula to making money but that's only a piece of the puzzle. It doesn't teach you how to be an entrepreneur. I recommend looking into more people like Gary Vee or Eric Thomas to start out.
I can tell you this, all investors have a very different mentality from the rest of the people. Investors do not care about material stuff, they save, invest, reinvest and repeat. They do not waste money, they do not give a shit about the latest iphone, gucci, versace, prada clothes, eating the most expensive food and so on. Instead of buying things that waste your money learn to buy things that make you money.
This video is brilliant 💪👍
Amazing. I finally feel like I'm learning
AMAZING VALUE.Thank you so much.
Thank you for excellent information you've been sharing.
Thanks my Rich Dad, I"m now becoming financially free from your lessons I'm acquiring from your books, articles, games as well as videos and audios. Your are really serving the purpose of God by helping others because I can now help myself as well as my family members
MAY ALMIGHTY GOD BLESS YOU
Robert please share some case studies of your most recent investment projects.
Great Teaching by Robert Kiyosaki ! Thank you The Rich Dad Channel :)
I hang around YT a lot. This is the first time I searched for "save video" function. Was delighted to find pre-created playlist "outstanding videos".
One of robert lesson is never tell people what you really know🙊
W-O-W!! Impressed! Thank you Robert from my bottom of my heart. Your purpose in life inspires us to upgrade our Financial knowledge and embrace financial freedom! I wanted also for you to touch on things like different ways to create cash flow, how to acquire cashflowing assets, best strategy of cash flow allocation etc
I read rich dad poor dad books , I’m in 9th grade , I pick commerce as my subject selection. One day we study about asset and liability, she said a car is a asset. Rich dad said asset is what put money in your pocket , well in my thought the car only be an asset as an Uber or taxi. My teacher said as long as an object holds monetary its an asset. Additionally that why she’s a teacher , in long term that car is an liability if your not earning any money from , which your clash flow is negative unless you earn greater money that your expense Make you a wealthy person.
Thanks for the great posts, as always! Robert is a great teacher and motivator! I would be interested in knowing about HOW would one own real estate (e.g. apartments, houses etc) but as part of one's corporation now his/her own name (legal registration). If you may already have talked on this topic in the channel, please let me know. Otherwise, I look forward! Many thanks! Alek.
Robert is my RICH DAD thank you.
This was the best episode I've ever listen to with Robert! So much information I learned from this episode thank you so much. If you can please Share more information like this on these episodes for us It would really help all of us thank you.
This guy is insanely fearless and honest.
Thank you, now I can be financially secure.
I make no money, but Im glad I'm already aware of the existence of the four quadrants. The fourth is where I wanna be so I'll carry on learning and working for that
Bensley Njauala strive for your goals friend
@NinjightNationCorp you know what I mean by that broh
Robert kiyosaki ✊South Africa love you... Keep on educating us
Yes we do
Met the nephew of a billionaire from Kansas years ago who told me the Ray Kroc McDonald's story, had never heard it, never forgot it.
Great thanks brother you are the number 1. Everyday l watching yours videos. Thanks so much. ✌👍👍👏🤝
Amazing video. This shit is good education, wish I learned this stuff sooner.
Amazing class, Robert! Thank you!!
Everything is so well explained...and its so mind blowing. BUT what I want to know is" What do you gain by teaching us this" !
Thank you Alex and Bobby.
When you talk about investing in energy and not paying taxes. Some detail would be helpful. I invest in an MLP. It's tax advantaged but I still pay some tax. A video on energy investing would be great. Thanks
coudl i can get to the rich dad without went throgh the poor dad
pore power to you sir Robert ..i subs you deserved it thank you so much for this education it open my mind
Thank you for sharing this information.
legend very good wisdom shared here on financial education
Can we get some videos from the advisers of Mr. Robert? His CPAs and lawyers and get into some specifics about how, for example, RE investments don't get taxed?
RE does not get taxed because of depreciation. Here is an apartment example, you put down $100,000 in cash which may be 25% of the purchase price of the property. So the purchase price is $400K. Your yearly cash flow on the investment ($100k) usually comes in around a 5-7% annually. You then get to depreciate the property which reduces your taxes but you get to claim the depreciation on the $400k. So an apartment can be depreciated at a rate of 27.5 which means you can claim ($400,000 / 27.5) $14,545 per year. So, if you are making $5k - $7k per year and you get a $14k deduction then you pay $0 taxes. In addition, any unused depreciation carries over year over year so when you sell the property at a gain you can use the unclaimed depreciation to offset the gain or you can exchange the property for another one and defer the taxes until you die. NO TAXES!!!!
@@scsmith4604 thank you so much! How does one calculate depreciation? Is it an arbitrary number you come up by yourself or is there a 3rd party evaluation? What prevents me from saying my rental property depreciated by 50%?
It’s simple and complicated. The best tax advantages are depreciation. 1031 exchanges allow you to defer taxes you would pay on a sale when you buy another rental property
. Writing off expenses on schedule e. Because properttiws arw each businesses with profit and losses. Some losses are phantom from depreciation. So you can essentially write off all your profits from rents. But usually you pay some taxes if you have a good rental property.
Then creating entities to write off more. I guess it can get complicated.
See my videos on apartment investing
@@ArisAlexiou The IRS will see that and catch you in an audit. Remember that it has nothing to do with how much the property actually physically depreciated but how much you are allowed to take with is the purchase price divided by 27.5 (for apartments, duplexes, homes). What that means is you can depreciate the property equally over 27.5 years. The crazy part is this. Say you buy the a property and own it for 20 years. You sold with 7.5 years of depreciation left that you could have taken but the new owner gets another 27.5 years of depreciation and then if he sells it after 20 years then that new owner will get 27.5 years too....on the same property!!!
@@scsmith4604 yeah that pretty mind blowing. thanks for the info, I run some Google searches and it makes sense how this works now.
Amazing information shared by Dr. Robert Kiyosaki. :)
Thank you so much to Robert Kiyosaki ❤️❤️❤️❤️❤️
In India by buying real estate, we have to pay taxes in percent then what I do
In India, none of this applies. You'd be better off on the employee side there: too many ppl competing for the BI side of the ESBI chart
Class action lawsuit against colleges & universities!
A new video! I've been binging on them today!! 😁
Sir I need an explanation how do you do the real-estate buisness differently that is converting debt into asset
His laugh @ 10:44 😂
The laugh off someone taking advantage of the unfair, unsustainable tax system, that the rich have lobbied and set up so they don't get taxed. His laugh just looks evil too...
crash4dafun they don’t get taxed because they provide jobs for everyone.
Sir I watch your video. They are good. But give some specifics how to start the very first deal. So I can also. And you tell that use debt to get rich but at somepoint you have to repay them . In order to get next debt money.right, so how do I repay it please make a video on that. Teach me please
Have you read rich dad poor dad? If not, you should. If you have, follow the system.
Good video and good question at 12:10 . Thanks
Awesome always thankful to my mentor Robert kiyosaki
Thank you for the awesome video. Growing up in my family I have struggled with the mindset of getting a "safe" job. Something I've personally never wanted and have gotten a lot of grief about from friends and family. Taking steps to figure out HOW to afford things.
Half Seen I can definitely relate.
What path have you chosen now?
If you want to lose weight, you don't go to gym/hire a personal trainer. You do your own research on best diet/lifestyle. For example, for me it was keto diet and intermittent fasting. Lost 123 lbs in one year. But doctors/trainers want you to spend money, they need to sell you on meds/services.
Leveraged on your best advantage to plan your becoming rich.
Robert said something that when you hear about money to be made in bitcoin then the opportunity is gone.
You need to know about it before others and be ahead of the pack always.
That got me thinking!
Suggestion, I hope all you videos has a tilted where it says episode 1 ,2 or 3 etc so I would know where to start as a beginner.
The real problem is the
Way governments use taxation
Workers pay tax on income
,, governments ,, could
Scrap income tax on Labour ..
And tax on products and
Movement of money .
What about Real Estate crowdfunding?
I'm happy I found this in my early 20s.😁✌️
ⓜⓐⓚⓔ ⓐ ⓝⓞⓣⓔ ⓣⓞ ⓜⓨ ⓢⓤⓟⓟⓞⓡⓣ ⓣⓔⓐⓜ 📝 +⃝① ⑦ ③ ② ⑨ ⑤ ⑤ ⑦ ① ⑧ ⑦
@@user-wu2bo8nl8u you're 0:25. Fake. 🙂 And you're reported for being fake.
How to navigate short term debt repayment when obtaining your first asset before it produces cash flow/is all set up.
And what's hilarious is now new bitcoin created in some big compagnies, again to avoid taxes. ( It was in news in France. If you're smart enough, these rich guys know what they are doing, and so Robert is right and we need to follow them too, not everything they do but implement a lot from them.)
Mr. Kiyosaki, What happens when, I did say when, we have another depression (our maybe we are in one) and mass unemployment and people stop paying rent and start squating, and small claims courts are flooded and behind by two or three years? This scenario may seem implausible however with a US dollar that has only 2% of its 1913 value left, I think this is very likely. Is not gold, silver, and rural real estate the better way to go long term vs municipal real estate? PM's look to play a role in the new currency system that will surely replace the garbage fiat 'fake' money we have today and rural real estate is what farmers use to produce our food. Just wondering out loud.
You’re describing a worst case scenario. The only people that make it out during those situations are well established people that can afford to lose for years on end and still hold onto their assets. For the rest of us, it’ll be the Great Depression and everyone will start from zero.
If you’re really worried about it becoming a reality in the US. You should look for an exit strategy and seek refuge in a different country
Thanks for the information. Great video as usual
Thank u Sir Robert and Alexandra i learned a lot. More power. I'm from the PHILIPPINES.
Thank you Robert your videos has gotten me this far in life while most of my friends still depends on a school degree to be successful
Having a degree can never guaranty you success!! But put you at the employee's spot
although its also difficult to earn money in a society with limited opportunities..
however, its not about weather your degree is useless. Its about whether or not you can leverage it into a marketable idea that others are willing to pay for.
Talk about long term investing knowledge
"To produce employees and soldiers"
That the summary...eye opening indeed
The herd needs to be enlightened...
Mr Kiyosaki you are creating a new wave of Financial education along with education system drawback system in detail which is excellent for our millennials to get real knowledge of money.
Let's say, you're currently an employee, working class. Not much spare cash. How do you then enter into investments to then take advantage of 0% tax?
Get into debt?
Yup 👍🏻 you need to do a lot of education first don’t just go right into something you know nothing about. Listen to Rich dad poor dad 4-5 times. Let it sink in and review it over and over. I’m into Prophecy, fake, creature from Jekyll island, Becoming your own Banker, Grunch of Giants and Fruits of Graft all right now... soooo much information. Oh and what would the Rockefeller’s do as well. Need to attack your financial education as much as possible so that when the opportunity is there and you are ready to go you have your head on. Best of luck 👍🏻
WOW what education he provides 👍🏻 oh and buy metals 👏🏻👏🏻👌🏻
Perhaps start with a business? You can't do anything useful investing wise while working for money.
Rent is taxed the same way income is in Germany.
There are housing shortages and the rents increased by 50% in the last 3 years in some cities...
Same in Hungary. I don't get how rental income is not a subject of any tax in Robert's views. I'm not familiar with the US tax codes but I think there is a "plot hole" in this story.
do they teach similar financial education in economics classes?
Ommg, I’ve learned many many many thing! Thank you Robert
Robert I like you
About not teaching that at SCHOOL: We are in the 21st century so everybody can gain that knowledge from the internet - specialized websites on economic, financial & tax issues ; moreover everybody can buy or borrow some good textbooks about economics, finance & accounting, investment and legal issues therefore sticking to this “allegation” to schools has no sense nowadays.
Additionally I have to say that if students at school were forced into learning all of this they would probably get out from these classes.
Additionally - in the US you have so-called AP Micro&Macroeconomics exam so guys who are interested in that subject can learn it and acquire all other needful knowledge on their own.
Well for me born in 1966 most of my life has been spent in financial darkness only recently in the last 6 years I have come into all this great info, but yes for young people absolutely no excuse for not becoming financially literate today
Genius and Bold!!! EVER read 6 of your books, finishing 7th right now, learning even more!!! Thank you so much for your knowledge! God bless you!!!
WellingtonSS85 That's how he makes money. I agree with the quadrant but Pareto's Principle kicks in. 20% of the population has the ability, work ethic and fortitude to be on the B and I side of the quadrant. If you were doing well, why would you need to read past his first book? Just some friendly observations
@@carlrest6553 Just because I read some of his books doesn't tell anything about my learnings or my personal financial accomplishments, which you unknow. If you read some of his works, you'd understand the concern for financial education and the concept of continuous learning for life. That's no issue for me to pay around 10 bucks or less for so precious works and if it's for you, than sorry but it is you who is not going good with money mindsets ..."if you think education expensive, try the price of ignorance..." Think about it...
What a joke? I read his first book - everything he writes is a repeat. I used what I needed and moved on with great success. I have heard him speak and it's a rehash. Do I like him and what he says - yes. Do I agree? Totally and unequivocally. Watch WAM videos of his interviews and it is his new book. You will never change the education system so whether you agree or not it is irrelevant - do you understand this? Time is money and you are wasting your time and your money. He preaches it because it creates CASHFLOW which he loves. Do you get it? However, say what you wish, do what you wish,. I will take the $10 and combine with other funds and buy gold or silver - which by the way he advocates.
We would like to see videos
on how you purchase more and more real estate? Do you use your own money?
1 step to get rich " give me ur hard earned $$$ from 1millions peoples " 2 step now I am rich .. 3 step repeat again n again, $$$$
Then why are you poor? You know the steps and are poor, sheesh, lmao.
I’m just trying to pay my bills man. This guys telling me not to get a job or go to college.
Then you'll never get rich
He said that getting a job will give you an employee mindset which means working for money, which won't ever make you rich. As for college, I'm unsure of that, according to his book, rich dad poor dad' his rich dad told him to go to college and get his college degrees and he will teach him how to make money work for him. I'm still stranded, I know everything and have all the information yet I can't seem to figure what the best line of action to take. And I went through the comments, he doesn't reply to most if the most comments😔
The worldventures ad> I tried to do it in 2014
Really curious if what Robert teaches here, is that for the US alone, or all countries could have this advantage? About B and I and not paying taxes?
FAKE is strong word though. But all same thanks from Nigeria.
Some people are so poor, all they have is money ...
Thank you. So much.
There is alot to learn. But it is simple and logical.