The Truth About Socialism and Why I'm A Capitalist -Robert Kiyosaki (Millennial Money)
ฝัง
- เผยแพร่เมื่อ 4 มิ.ย. 2019
- We’ve heard a lot the past decade about quantitative easing. Basically, it’s the government taking rich dad’s advice and printing money… literally.
As Robert discusses in his new book, FAKE, there are three things we need to be diligent about as we continue to improve our financial education.
The first of these, FAKE money, is what Robert discusses in today’s video.
The US Treasury creates a bond which they sell to the FED. The FED then turns those bonds into money which is given to the Big Banks. The Big Banks then loan that money to the rich. This money printing process isn’t done for free, however. The taxpayer is the one holding the IOU that the US Treasury created with their bonds.
After Robert discusses how money is created out of thin air through the Mandrake Mechanism, he continues to explain how the US taxpayer is now on the hook for student loans, as well.
Back in 2009, President Obama shifted the flow of money out from the FED and into the hands of the people for their student loans. Where students previously sought their loans through the Big Banks, the loans were now backed directly by the US Treasury.
Robert ends the discussion with a warning about the current Bubble Economy we find ourselves in and how to best prepare for when it pops.
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Do you prefer socialism or capitalism?
The Rich Dad Channel probably capitalism 🤔
definitely capitalism
@@AnjolaoluwaAwe capitalism is all about money...socialism is better but the best system is in between those two..50/50 socialism and capitalism.....
@@NUCLEARARMAMENT American capitalism is corrupted to the core....they have private central bank printing money for the state.....this is ridiculous...on top of that their MIC makes wars around the world...do we need such capitalism????(
Kiril Mihaylov thanks for letting me know 🙏🏿 I appreciate it
I came from Cuba to US in 2015 and the reason was to escape from Socialism. Capitalism is the best social system ever. I invested my saving in Crypto currency in 2017 and I borrowed money from banks to invest more. Now in 2019 I'm doing the same. God bless the market economy.
Smart pants
The U.S isn't a pure capitalist country lol
Not really
Fake started in 1913 with the creation of the Federal Reserve, not 1971. 1971 broke the final link to gold which allowed money printing without limits. The US hasn't had real capitalism since 1913. What Robert should be stating is crony capitalism vs socialism, or better explained as socialism for the rich (neo liberal Keynesian monetary policy). Great video.
It was 1933 with HJR 192 / Public law 73 - 10 (Which give us the right to discharge debt due to having everyones property as collateral for the FEDs printing money). Also in commerce is important to know legalise (legal english).
That's true. Money was printed after 1913. But then it was backed by the Gold standard. It started after world war 2. It was backed by gold until 1971. Ans that's also when they started printing money like crazy and the results of it is hyperinflation
That entire segment where Robert drew the diagram was pure genius! I’ve been following RichDad for a while now and although I understood that the rich don’t work for money it took me a while to really reprogram my brain to understand the saying “the rich don’t work for money”. This video nailed this explanation! Thank you!!!! The debt is the key to extracting wealth and investing in assets is the key to building/keeping wealth. Once you really understand this its simply amazing.
he forget to mention that when you borrow money you have to pay interest
Bruno Hidary Ahhh remember one thing, he covers things all over his books and videos. He mentions a lot that we waits for crashes to happens so the banks can lend him lots of money at 0% interest. He says “I love crashes” a lot. You have to study him a lot because now he says the stock market is fake, which it is, but in RichDadPoorDad he says the stock market is a very powerful wealth building tool. So all of these things depend on how smart you are financially. That’s his main thing. Debt is money since 1971.
Yes. But i still dont understant how he can take that money from a bank? what is the proces?
@@kmic1990 he apply for a loan.. ofcourse in his early stages he did not receive a 300 M$ loan but later he managed to grew his wealth
@@rareview3103 but he is takeing the money in the name of a company no?
Hi Robert and Alexandra. I am a teacher at the Universidad del Zulia in Venezuela. I have become your fan since I discovered your channel. Unfortunately, we don't have access to your printed books here. But I have recommended my millenial students to watch your videos on TH-cam. You have no idea how much I have learned and plan to do. In fact, my students will report by oral presentations some of your videos as part of their evaluation next week. Thank you both of you for such a great job for the rest of humanity.
We dont have capitalism since we have central banking.
JUAN ANTONIO GOMEZ SAUCEDA Thank you
Correction, we don't have free markets, in part because of central banking.
We do have capitalism, for the most part. I consider capitalism a mix of property rights and free markets.
Just buy some central banking insurance. It's called gold.
Mr. X , the country can’t give anyone anything. There’s no such thing as government funding or government assistance. It should be called taxpayer assistance because the the elected officials don’t fund the government by themselves. As you know we Americans hire and trust them to represent us through the election process. They decide on what programs to spend our money on even if we agree on it or not. They give themselves fat raised and kick ass Heath insurance while we struggle to live. Do you you think that sanders or warren would give up there kick ass Heath care or give 80% of their money up to socialism? Hell no, so they promise free this and free that and preach about being equal but do they want to be equal? No they ain’t going to pay in their money to the very bullshit that they are trying to sell to the American people. They will stay rich because they have a different system that they go by while the poor and middle class Americans get poorer. They are willing to give away our hard earned money but they won’t give away theirs and be equal. People eat that crock of shit up until it’s their turn to contribute
Kiyosaki is wrong on his analysis anyways.
1) He starts off by equating exogenous money creation to QE, which is disingenuous. QE is an asset swap, not money creation.
2) All money, whether endogenous or exogenous, is neither real or fake, as it is not backed by a real physical asset. The amont of endogenous money in the real economy FAR exceeds the amount of central bank money.
3) Bonds are not exactly an "IOU to the taxpayer". Taxpayers do fund the interest but not the principal, and that interest can be effected by policy. Globally, we are headed towards a world of negative interest rates, where investors will actually PAY the bank to hold bonds.
@Mr. X They have to give a little to keep the peace . Seems like they're taking a different approach than those other countries
Words can't express the gratitude I feel when I think about what you have done I'll just say thanks for the coins
Give a man a fish and you feed him for a day.
Teach him how to fish and you feed him for a lifetime.
*Give him a fish every day of his life and you'll destroy his sense of purpose and his will to live!*
Yea fuck grandpa, fucking leech!
Give a man fish and you feed him for a day. Teach him how to fish and you lose a steady customer
@@fae1magalokreas This has nothing to do with grandpas. It's about an able-bodied man.
@@michaelguzman4136 It's not a customer, since the saying is about giving away for free.
@@AkiRa22084 There are able bodied men and women that work 12 hours a day to get by in the richest countries. To be given the fish daily from the financial market and government in the form of QE and subsidies what does that do to one's purpose you think?
MAN i'm so glad this dude is alive and teaching us this crazy stuff! Who'd have known we'd learn the secrets to how money is really made and wealth is truly distributed. Through Debt.
Hi Alexandra. I love show. It has taught me a lot about financial education. I come from Venezuela and I believe it is a good example of what not to do financially. It would be cool to invite someone from a Venezuela and explain the economic situation while robert and you separate this information into economic concepts.
so fortunate to have robert teaching us this for 30 years! thank u so much!
Is there a rich dad univesity or something to really become fincially literate because i can trust a circulum by robert. Or some guidance on how to get to the B and I side of the quadrant. how to start and manage business'
thank u again!
Look for a a real estate seminar or go and network with a mentor who has achieved cashflow
The more I watch your videos the more I feel the world was cheated big time, the more I wanna learn about finance and economics. Thanks alot guys.
I think that capitalism is better for people that want more in life and are willing to work more
that is if you live in ideal world
@@efanferdiantowibowo9610 A world where people aren't lazy asses expecting the Gov to give them everything...
@@gil4812 why pay taxes then????? why pay 20% of your annual pay without a return? Why is it bad for your govement to work for the people BUT its ok for trillions for war, foreign aid and corporate subsidies ? See how fucked up our thinking is ?
Goven/Ment=Control of the mind, your tax dollars are blood tears
maybe a basic incomn and frozen cost for baics (food, water, shelts, etc) will be a solution, and for those who want more they can put in the work and go beyond survival.
Even when I talk to people about the possibility of becoming rich by investing & business, some people don't seem to care about that.
That's like they say they don't want to become rich (or at least a financial free person).
The thing is: if you don't learn to let money work for you, you have to work for money for the rest of your life.
I face the same problem. What's worse is that they push me to work hard as well!
There needs to be a panel of a bunch of economists and the "rich" to discuss how we can actually make our futures better.
There already are plenty of economists and rich who are quite capable if we were in a free market economy, but we are in an Oligarchy. Crony capitalism is an Oligarchy. Bought and paid for mostly through lobbying and campaign contributions. Not bought by the 1%, but by the ONE PERCENT of the 1%.
ty for posting this video. Robert's teaching inspired me to get into the rental game 14yrs ago. After a lot of bumps in the road, Im in the black and have cash flow each month
"TaDuh! Yes you have been screwed!" LOL I LOVE RK!!!
Great explanation as usual Robert! The key is many people need to educate themself on how to make money since the education system does an okay job.
Exactly right...I'm an S-Corp. And loving it...
Thank you...please keep teaching we have no one else to tell us, respect.
Much respect to you sir for speaking the truth.
Amazing video, thanks Robert! you're my mentor even when you don't know me.
This was very helpful with the balloons visual. So it makes sense to invest asap. Thank you!
@@dbanks128 that's sound advice
Amazing thank you! 🙏🏼 learning everyday
I was gifted a the book Fake for my birthday and gonna continue reading where I left off. Next I'll have to purchase the physical Cash flow game.
The problem is on each individuals, people always default on the tragedy of commons.
Yes, I love your idea. Thanks Any small youtubers here lets help each other..?
Sound good to me
I *really* enjoy the quality and variety of educational videos on this channel. All I can say is *keep* *it* *coming* ! :)
Great show!. Thank you.
The United States doesn’t have capitalism we have corporatism. We need to incorporate the best principles of socialism and capitalism. If people truly think capitalism is the best economic system they are delusional.
We are in an Oligarchy. Crony capitalism is an Oligarchy. Bought and paid for mostly through lobbying and campaign contributions.
We use to be capitalism, until our govt started getting more and more corrupt and then the crony capitalist, aka Clinton and Obama’s and govt establishment started etching out the people’s abilty to be capitalist and controlled by a free market...
That always happens in capitalism you can't fix it
How do I work there?? With ya'll. I need mentors like ya'll. Thanks!
Y'all
I enjoy how you guys make this so fun to learn
It's so true. And it's about time people listen an learn .
One of the best lessons
Sir the main issue with capitalism in my opinion is rich parking there profits into tax heaven countries and they are not paying for taxes in the country they profited from.
Thanks for the video. Ok, Roberts investments company don’t pay taxes but how does he transfers the money to his personal income without been taxed. Please make a video, A to Z on how. Thanks.
I really enjoy your teachings Robert Kiyosaki, thank u
The economic sytem is exposed. I love this guy.
Damn, this episode blew my mindddd
This book -"Rich dad and poor dad" is AMAIZING ! It sholud be mandatory at scools !!! I wonder why it's not.....
Just rented out my first property 2 bed 1 bath house for 1025$/month. Robert your a rockstar, wouldn't have done it without reading your books.
hehehe.....love the balloon explanation..Awesome show
I've worked in an area where the state runs the way of capitalism, although they claim that the country is socialism with national characters. Actually, I prefer capitalism.
True capatilism is actually evil, as are all forms of control. We are put on this planet to live and enjoy our time. Not rape our fellow citizens. We are all doing jobs that are technically the most important for the least amount of money. We should go back to shamanistic roots with small communities and constitutional rights and implement religion. We shouldn't be afraid of moving as one in a society.
@@evanbiter5969 did u watched postman kevin costner or seaworld u prefer that?
@@evanbiter5969 same i wanna live my life freely too not working for money thats being printed espeically when its losing its value.
Another gr8 vid. MM is a top series. ty friends.
Thank you both.....just got the idea.....
Wow that was fantastic!!! Thank you👍
It is stunning that this video doesn't have more views.....IT'S A WAKE UP CALL!
where can I see the full interviews from start to end?
Awesome, awesome, awesome video! Mind opening
I love your videos 💜, please in spanish language 😉👍
Yeah that would be great but Robert speaks english lol , i think Alexandra can speak spanish .
Saludos desde México , Guerrero . 👊🙋
The World language is English.
At what point does Robert accept blame for participating so heavily in such a broken system designed to enrich the board of the Fed?
Article 1, section 8 of the US Constitution defines money as gold & silver coinage issued by Congress. This is absolutely not a capitalist system
How is he to blame? Oh because he's learned to thrive in this system? Or do you think he's part of the cause simply because he's found a way to succeed? Btw, I would agree that it's not Free market capitalism. It's an Oligarchy built by crony capitalism.
Por un oído me entra y por el otro me sale. Rest in peace Mr. Fuller
If you have enough financial education you can have more debt, continue being rich... It is just that you have to lay off half of your employees once you don't have the liquidity to continue to pay them once the interests rate increase.
But you continue to be rich.
The US is not a capitalist country.
Capitalism is when the markets control the economy.
Business that sell their products and have good customer service succeed
Businesses that don't sell their products and have poor customer service fail. Aka out of business
That's capitalism.
The US system is a socialist type of system
For one, the US has 70 or more Welfare Programs like WIC, EBT (which replaced food stamps), SNAP, etc. It also has corporate welfare:
Tax abatement
Able to shelter money through retirement pension programs (401k, Roth IRA, IRA, etc.)
Avoid paying state and city taxes through lobbying and giving political financial donations to politicians.
Also, if the banks or big business fail they get a financial bailout.
Ensure new businesses don't come in or don't last very long:
Buy out the competition
Make small business owners pay for everything (taxes, rent, utilities, etc.)
Make it impossible or complex for entrepreneurs through needing a bunch of permits and licenses plus the equipment needed utterly expensive.
An online business. Make a website sure but the free web builder has very little to no options must pay a monthly fee to have a robust web builder. But if you want to create a business website you must pay more than those that create a blog website. No instructions on how dropship works. Pay Amazon to sell used stuff or try selling online by paying fees and other bullshit which eats your profits. Utterly lame.
Where is the capitalism that everyone talks about. There is no pure capitalism in the US.
As bad as Mexico is portrayed as a dirt poor country. Is a country that is easy to run and operate a small business:
Street vending
Economic kitchen (turn your house kitchen into a commercial kitchen)
Hardly any regulations or licenses to run and operate a business.
@@leifc.6045 Agreed
Agreed
We are in an Oligarchy. Crony capitalism is an Oligarchy. Bought and paid for mostly through lobbying and campaign contributions.
How bout this... Capitalism is a state of mind! Take advantage of the opportunities out there!!!
Since Obama’s stepped in office he started changing the rules and writing he laws that got us deeper into socialism.. etching out the once capitalist country I grew up to know.. I’m 44
Hi everyone, It is amazing so menu comments about socialism but no one actually lived in one. Also, not many comments have mentioned: fairness, empathy, greed, humanity, common good or on the other side: overpriced insurance, health services, lawyer fee's, silly students fee's,......
I have lived under the communist system, the socialist system and the US system.
Under the communist system the government steal 90% of what you produce, under the socialist system the government steal 70% of what you produce, in the US the government steal 40% of what you produce. All governments are thief, I pick the want that steal the least from me.
I'm interested in which socialist country you lived in
Thank you uncle Robert!
Wow this rang true back in 1987, 2000, 2008 and now 2020 again. The crash seems to be getting worst.
I consider myself a captialist. I believe in working hard and EARNING your money.
i believe we should work together not only the government alone. because we increase our financial IQ to be well equipp and prepare for the future. and for me capitalism is good.
Great information!!!!
i loooove how they made the fake flower frown. ha ha!! good intention/attention to detail.
I prefer a little of both, either one can turn bad by itself.
True but capitalism at it's worst is a day at the beach compared to Communism at it's best.
Free market capitalism all day baby
ALL. DAY.
Great stuff ! I bought the game to teach my kids because they sure aren’t going to learn this stuff in school
in the scenario of hyperinflation, would we be going back to using gold and silver as money? or will there be other forms of money like the cryptos, SDR?
This is a great show. Andreas Popp taught that actually in germany many years ago. He is now living in canada. He actually was laughed at by the mainstream. What morrons.
I like the girl Robert, because she can help educate the age group that really needs to pull their head out of the sand.
I'm one of those in that age group and I agree
Is paying down debt on a property and increasing cash flow hence paying more taxes a good or bad way to go about it? Ive bought accelerate depreciation property to help but theres a balance of picking your poison the bank or taxes
Daaaamn! Talk about some serious NEWS
Lmao I love how the girl sounds so awkward😂
She kinda sounds like Dora the Explorer
Maybe you should try to speak other language besides english and see how people make fun of you. It should be pretty nice feeling.
@@san1eong chill I'm not making fun of her, i just find it cute.
Not really, she is so gorgeous and the fascinating chemistry I see between the 2 ism Robert is a professor of finances and life, she is your typical student taking it all in, this is what REAL education looks like.
As I type, millions and millions are sitting is lecture theatres getting brainwashed on industrial age concepts and ideas.
@@007aaali she's just a kid and a novice so basically she's she's just repeating everything he's saying but right now she's not saying that out of experience.
How can this problem be fixed - Do you suggest going back to Gold standard? What would be the impact on startups and other early stage entrepreneurs?
Excellent explanation !
socialism is giving people a fish, capitalism is teaching people to fish. Great Metapher. Capitalism/ Free Markets, Entrepreneurship for life!
Freedom=Capitalism
Tax’s/being Taxed=Socialism
For people defending socialism here in the States there’s your formula. It’s not hard to understand.😎🇺🇸👍
Best video I 've watched for a while
i just once wanna see you and tell you thank you sir you ve saved my life
Most modern economies are mixed economies. Go to Slab City, CA and see what a Libertarian paradise looks like.
(1) _"Most modern economies are mixed economies."_ And that's supposed to be good? Is central banking, for example, awesome?
(2) _"Go to Slab City, CA and see what a Libertarian paradise looks like."_ Everything there has been brought in from outside. It's a desert---there's no land, no natural resources. Natural resources, plus labor, are necessary for producing things. Without natural resources, there can be no economic growth. So, yours is a non-argument. Apples & oranges, sir.
7_Red I use slab city as an example because of its lack of government and regulation. Obviously it’s a bit of a dramatization, but honestly this guy is calling Yang, sanders and AOC communists lol they’re not advocating for policies making it illegal to own property and the government own everything. So either he’s fearmongering or he doesn’t know the difference between communism, socialism and capitalism.
7_Red I’m not advocating for central banks. I’m not for the federal reserve printing money. We shouldn’t be bailing out big banks and auto industries. I’d rather have capitalism than this corporate welfare system we have currently.
(1) _"I’m not advocating for central banks. I’m not for the federal reserve printing money."_ Glad to hear it.
(2) _"We shouldn’t be bailing out big banks and auto industries."_ I agree. Indeed, I don't think _anybody_ should get bailouts.
(3) _"I’d rather have capitalism than this corporate welfare system we have currently."_ My question is, What system would you prefer to capitalism? EDIT: Btw, I agree 100% with (3) here.
Did you know Sanders, back in the day, took his new bride to Soviet Moscow for their honeymoon?
I'm not saying his policies are socialist---I honestly don't know, because I haven't looked at them---but I think he'd go that way in a heartbeat.
I used to listen and learn a lot from Robert for many years, but as I grow older, I start to slowly disagree with him in some aspect. If everyone were to learn from him, do you think you can be a B (big businesses w over 500 employees) since everyone don't want to be an employee? Who's gonna have passion for professions anymore? Will you have anymore professional? Doctor to heal you, engineer to design and build, police to ensure security. I mean, respect everyone. It's easy to comment how the situation is like now, but before commenting, think how the situation would be like if the things were the other way. Sometimes I just get annoyed when he have opinions for these professionals, yes he may be right that most of the professionals may not have a good financial education as he is, but from another aspect, professionals are the ones with their hands on. Good luck for you with your investment if everyone has the same thought and no more passion for professions. I would like to see how ppl survive when there are no more polices. Do more respect
...you'd think Alexandra would know this by now, she's done like 50 interviews with Robert!
Great job!
The real tragedy in this equation seems to be the failure in teaching us the truth of the economy's nature so that those who choose to become capitalists. Encouraging those able to do so as some community programs are probably inevitable but we need to lean towards the capitalist tendency lest we destroy our economy. If a depression or recession does come. The winners will be those who own food or its production, land, precious metals, etc.
I saw this book at books a million 🤣
i love Kiyosaki, simple and to the point
This is so interesting to learn about
Venezuela’s economy is really bad because of
socialism is not entirely true. Prior to Chavez, the Capitalist system had 80%+Venezuelans in poverty and 40% of those in poverty lived in shanty towns. After
Chavez was elected he took the wealth of the country away from the few and made
the people the wealthy resource owners. The resources are plentiful in
Venezuela. Poverty collapsed, education went up, health care became one of if not the best
in S.A., families could actually own property, a car and a house and go to
school. The mistake Venezuelans made was 2 fold. Keep your country diversified
and remove your assets from any central banking system; or at the very least
only use a transaction account with minimal risk. The country has cash, gold,
oil and precious minerals. Those countries that brown nose (USA+) the western central
banking system have declared financial war on the people of Venezuela i.e. The
Socialist system. The capitalist are now crying because the wealth of the few is now
going to the many. After watching the propaganda machine at work against
Venezuela it is easy to see why the media (owned by corporate America and
others) went into overdrive. Heaven forbid if that system caught on in America…the natural resources of our nation would be owned by the people and not private
corporations and the millennials wouldn’t have
to own all this debt!
" After
Chavez was elected he took the wealth of the country away from the few and made
the people the wealthy resource owners"
In other words, he stole the fruits of the labor of the more competent and redistributed it amongst the incompetent. He took the fish from those who knew how to fish and gave it to those who didn't. Which enabled the latter to never learn, because they got it for free anyway. Yep, socialism is smart.
why are muricans not rushing towards Venezuela then ??
@Bogdan Patru so you're saying that a billionare is millions of times more competant than a school teacher
I just like socialism for free education and how that education gets paid for is by slowing down war and investing war money into the economy.
What kind of education do you want? How about going to the library and reading books - there's your free education! Beware of the curriculum in government sponsored "free" schools. He who pays is he who says what you will learn.
@@FlowtnWitWalden i read books in the library 😑😑
Education in the United States was not expensive until the federal government got involved and started endlessly lending bad debt to students. Funny, our schools did not begin indoctrinating with this Marxist garbage until that federal money entered the system, either. True lending based on "need" (read: endless opportunity to raise tuition rates for schools without consequences) began in 1965. My father paid for his education by working a job in school and over the summer. Goodluck with that now.
Great video as always. The only thing I wish you guys would put into this content is the best way to invest/save going forwards? Give advice or your ideas going forwards, not just scare everyone.
He did. Use debt to buy assets.
Switzerland, the idea of free enterprise and any country that practices is the best example of what happens when capitalism, free markets and free enterprise takes place in an economy and nation.
It's a meritocracy based on merit.
4:42 when you realise socialism doesn’t work
Neither does Laissez faire capitalism.
@@TheDrumSquad if you thinking for the people then ill let you know that no economic system works for the people. it either works for some of the people who have the knowledge and will start a businesses to become rich with their employees at the mercy of their personality and feelings about employees or it works for the government whose only goal once the reins of economic power have been given to them is to keep power at all cost usually with bribes at first then with lead once the bribes become too expensive to maintain.. all either economic system does is change who is kicking your teeth in if you dont produce but the good thing about capitalism is that maybe just maybe it could be you with the employees.
@@zill0678 What I meant, was that from a macroeconomic perspective it just doesn't work. Once the cycle hits contraction it will never come out of it. That is why government intervention is required and not just that but, I would argue that it is necessary.
Did robert just call central banking *capitalist*? Sorry bob, you fail austrian econ 101😹
That is why he is rich and you watching this video. :D
That is why he is rich and you, poor. You were taught a fake subject by a fake teacher lmao.
@@chillflix9817 hahaha exactly. Some people never learn and can't separate ideas from reality 😂
I wish I could dislike your silly replies. You know , Prod by Kidd Ali is definitely correct.
Yup you are absolutely right.
Love this episode
Great teaching
I think it’s cool that he is educating us on his knowledge, while ignoring the fact that this is not possible for everyone. Also while acknowledging that this is what screws the incapable out of participation in this system. Yes school lies, he is right, but he is part of perpetuating the problem. “Capitalism is a wonderful system” for those willing and comfortable exploiting others. He’s claiming he is educating everyone to build the system and help you, while also showing the only way for this system to work is to leech off of those at the bottom. Is this really what everyone wants??
Sometimes I really wondered how people make this huge profits investing on the stock market online, I agreed with you investing and earning is a legitimate way to gain financial freedom, but how is it done?
When discussing crypto diversification frequently asked question is whether diversification is even possible
@Frances R Robert interesting
Please enlighten me more about the trade
I don't usually do reviews, but earning x3 of my monthly salaries from Laura Jasmine trading
I'm a beginner in trading and wanna reach out to Laura Jasmine, how and where can I do this?
God bless you
he said when you borrow money you don't pay taxes .. but he forgot to mention that you pay interest. so when you borrow 300 M $ you don't pay 150 M$ in taxes .. but you have to pay it back 400 M $
Did anyone catch the easter egg in the video?!
The faces on the plants?
I did not! Where is it Alexandra? 🤔
The Rich Dad Channel what is the solution to all of this then?
I love what you say Robert but I disagree on one point:
- socialism: they give you fish
- capitalism: the people who know how to fish, don't teach the others how to fish...everybody on his/her own with capitalism.
I believe both systems are screwed.
There is too much information out here to not know how to fish though. Ignorance is no longer an excuse. Literally every single thing to know is at your finger tips online. Every thing.
@@karateflix Yes but neither socialism or capitalism teaches you anything in that respect. I am saying: the knowledge is there but none of the existhing systems help you learn it :)
@@yakamoz84 I agree. It sucks.
I have 100% respect with what Mr. Kiyosaki has and is teaching millions of people. I thank him for that, but I want add a different perspective of Student loan debt. The crisis with student loan debt first started in the Regan presidency. Then, it was made 100 times worse during Bush jr.'s presidency I think it was 2005 when the Bush administration made it impossible to declare bankruptcy to wipe out student loan debt. I really believe this is what caused college prices to soar! Basically, it made college loans guaranteed. If I could loan anyone money & there was pretty much a 100% chance that I would be paid back because the law dictated it then I would loan you as much as you wanted.
Cheers Mate!