The RICH Don't Listen to Suze Orman and Dave Ramsey! ft. Robert Kiyosaki (Rich Dad / Poor Dad)

[@7secondcommute]

Phenomenal!!!

[@busterbiloxi3833]

Total bullshit. The guy on the left has weird hair. Kiyosaki is a piece of shit. These clowns are spewing out nothing but bullshit.

[@Theosis78]

@@busterbiloxi3833 What's your net worth?

[@JJames7]

@@busterbiloxi3833 Very true...debt = slavery and people with money that lasts don't go into debt except in certain situations and for a very short time.

[@JJames7]

@@organizationlady3138 You hit the nail on the head and to sell books! Debt = slavery.

[@whibraen2750]

@@busterbiloxi3833 haHA

[@johnharding1437]

Best approach: listen to them all and figure out what works best for your personal situation.

[@bighands69]

@BlackMinkCoat That all depends on what the 1 million of debt is. If you own 100 Ferraris with that 1 million in debt then you could be set.

[@joycewatt800]

John Harding That is it exactly!!!

[@NetSkillNavigator]

THat's a smart approach.

[@nicholasolivas317]

Yep.

[@jayr399]

wrong. that's l;iterally a normie low iq shyt to do

[@medviation]

I tried the Robert Kiyosaki route before. I went bankrupt and had to go back to depending on parents. I tried adopting the "rich mindset". I felt rich, but in reality I had nothing to show for. Dave Ramsey taught me to have good money habbits first. Now I am steadily building my wealth and have peace of mind. 100% less stress. I am investing in things I love and giving generously!

[@medviation]

In reality, no one is completely wrong. It all depends on your presonal situation.

[@GarrettGundersonTV]

medviation great point. Peace of mind is sooo key. You have it. You are your greatest asset. Keep up the generosity and invest in what you know. Follow your intuition and love your life.

[@abcxyz-kc7ch]

I tried rdpd too. I wasn't expecting the ill health,dodgy plumber, crap job and psycho stalking fellow student all if which messed up my "mindset." Number 1 needs to be Roger James Hamilton and Wealth Profiling which allows you to identify which style of wealth building and income generation suites your personality.

[@ajoforo]

Education - experience - excess cash. You probably skipped the education part. It's strange when people fail they blame a method instead of looking at themselves and ask what they did wrong and what they could have done better.

[@ronaldsneller1989]

One thing I really like about Robert Kiyosaki is he NEVER says it will be easy or quick. He talks about the struggle and pain of failure, and how struggle builds character and makes you better. Maybe you messed up and didn't do it right, instead of learning lessons and getting back up and going at it again until becoming wealthy, you gave up and instead turned to Dave Ramsey's poor mentality... With that said, I agree with Garrett- the Rich Dad Poor Dad way is not right for everybody, and ultimately you need to do what makes YOU happy

[@danarobinson6156]

Just my opinion - there are stages of wealth building. 1. Dave Ramsey - debt reduction 2. Suzi Orman - credit & capital enhancement 3. Robert Kiyosaki - wealth building through positive cash flow assets aka real estate which offers great tax reductions with depreciation. All are tools to be used - you've got to have the right tools for the job.

[@GarrettGundersonTV]

Absolutely have to be in the right place, but more than anything the right mindset. One of accountability and responsibility for our finances. I think learning to think in terms of value creation and production is key. Paying off inefficient loans is great. Building up cash reserves is essential. From there it is about learning how to become a better investor. Investing in what you know and making sure to have risk mitigation and management for changing economies. No one will build wealth if they just do it mindlessly, yet far too many people want it that way. Great assessment above. Some people are good at real estate, most aren't. Many people just hand their money over to the stock market hoping it will do the trick, it has it moments, but not what people expect most of the time. It is important to invest in yourself because risk isn't about the investment it is about the investor.

[@marco3516]

Dana Robinson good point sir! It’s a package

[@jamesknight5860]

BRAVO!!!! Dana Robinson!!! WHOOOOOO!!!! BRAVO! BRAVO!!!!! WHOOOOOOO!!!!!!

[@jamesknight5860]

If you like Dana, You can add me to your friends list. I like what you posted.

[@ApartmentKing66]

Everybody is on their knees fellating you, but you totally lost me when you mentioned that con artist Suze Orman. That woman's as phony as a 4-dollar-bill. You didn't even spell her name correctly. Were you one of those duped into signing up for her wonderful "Approved" card? And how many shares of Theranos did you buy and hold up for the world to see?

[@danieljantz913]

I would love to see you guys sit face to face with dave Ramsey. I would pay to watch that.

[@GarrettGundersonTV]

Daniel Jantz that would be awesome. He is extremely intelligent and articulate. We would agree on many things, but not on the stock market. Three ways to live within your means. He is masterful at how to reduce expenses that don’t serve people. My focus, being efficient in your means - keeping more of what you make (tax reduction for example). The real key to Wealth is to expand your means. Add more value. Think abundantly.

[@danieljantz913]

@@GarrettGundersonTV much respect to you and Dave. I enjoy listening to you both.

[@caseyporter499]

2 way dif Philosophies for 2 dif audiences. They both serve a purpose. Dave Ramsey can’t tell his audience-who are In cc debt and bad with money to now start a biz and slam it in the biz world. Not gonna work at their mindset at that point

[@darlenepaul2918]

So would I

[@freedomcapitalpartnersllp7458]

They have ... Dave and Robert are friends. I have heard them talk together.

[@freedomguider]

Hey random person scrolling through the comments. I just want to say: have a great day or night! Remember you are loved and you have a purpose in this world. Always stay positive and never give up in life and on your goals!

[@GarrettGundersonTV]

This is awesome. Thank you.

[@peterdelaney1946]

Good man Marlon

[@moddog1]

Haha... thanks... you have a great day as well 👍

[@tankercrewchief]

Hey thanks man🤙🏾

[@freedomguider]

@@tankercrewchief No worries, bro. Here to help.

[@natejackson4633]

Proverbs 13:11 Dishonest money dwindles away, but whoever gathers money little by little makes it grow. Proverbs 22:16 Whoever oppresses the poor for his own increase and whoever gives to the rich, both come to poverty.

[@leonrobinson8180]

Sounds like you're lower middle class or broke.

[@nicholasolivas317]

Explain 22:16 for me. Not understanding.

[@nicholasolivas317]

@@leonrobinson8180 sounds like you are not Christian. How has 2020 been treating you?

[@mohitnikumbh593]

Being "Rich" doesn't make you Happier in life (personal experience) and being in "Debt" decreases the quality of your sleep and ultimately the quality of your life. I a simple man, I live debt-free, I eat good and I sleep well. This is what I consider being "Rich".

[@covercalls88]

Like you live I debt free. Home and rental property, and cars all paid off. Money in Roth IRA, Traditional, and 401K. I have time to spend with family, adult kids, grand kids, and friends, that is true wealth.

[@brittneyyoung1882]

Contrary to belief, you can be debt free like Dave Ramsey and Rich with multi millions in the bank. Being in debt is not the only way to becoming very rich.

[@ericb8205]

Savings can be wiped out with inflation. With the fed printing money like there is no tomorrow hyper inflation and confidence is a real concern. Say you have 5 million in the bank. That can buy a lot right now. Then hyper inflation and lack of confidence in our money hits hard and our fake money looses value substantially. Then that 5 million can barley buy a small apartment in a bad part of town. Or just a single midrange car. Then what? If you have debt funding your assets that are cash flowing guess what, the money you now owe is minimal and the cashflow inflates with the dollar. Our money has nothing backing it it is extremely volitile!

[@ericb8205]

@thomas jay exactly! I went to an extreme. But you are absolutely correct.

[@mysticaltyger2009]

Warren Buffett is a billionaire whose company has minimal debt.

[@daniellamoreno3616]

agreed!!

[@kidacrimson1204]

@@mysticaltyger2009, literally *no one* could or should be compared to Buffett though! His case is an absolute anomaly. #DYOR

[@michaelambetsa9063]

If Dave Ramsey is middle class, with a net worth of 55million+, Then I wouldn't mind being middle class🤷🏽‍♂️

[@GarrettGundersonTV]

Michael Ambetsa he didn’t make it budgeting and putting money in mutual funds. Amazing business owner. Follow that instead.

[@Slippery26Samm]

I don't think he said he was middle class either. I think they said that he is speaking to middle class and poor people.

[@Ragnar6000]

But the problem with Dave Ramsey he teaches the slow lane to wealth, while he himself uses the Fastlane to build wealth!

[@joshuadandridge312]

@@GarrettGundersonTV Agreed. Ramsey developed a high income skills and a business around those skills. I dont understand why people simply over look it and think that penny pinching and avoiding debt will make them rich.

[@marsnel9259]

Dave knows the game of the rich he used debt to get rich also, he just teaches people who have no common sense about money.

[@vcoonrod]

The rich write books for the poor and middle class. Lol. You are welcome.

[@HumbleTrader001]

The poor buy the books, and make the writers of the books rich. The smart readers of the books read it for free from a library.

[@robertc2204]

@@HumbleTrader001 yup!

[@JJames7]

That is how they get richer by suckering the masses into mistakes.

[@RC-ld3cn]

@@JJames7 And people stay poor because they are afraid to take risks. They would do rather work a job they hate and retire broke.

[@JJames7]

@@RC-ld3cn That is incorrect...Doing quite well...The problem is that debt = slavery...and thinking you are wise because you have restructured your debt is a shell game...till the lenders demand their money...then you will be in trouble. I don't like debt and debt is the enemy. Not everyone will be rich in this world and that is ok but neither am I poor.

[@Rumbus528]

Robert Kiyosaki got rich when he started selling how to get rich books to poor people.

[@krabbykrabby8818]

I agree but every once in a while he has some good info. Listened to the audiobook of RdPd

[@byronrogers4489]

He actually got rich by selling his business school.

[@InvestAndGrow2020]

Look who’s talking. Stop making excuses

[@byronrogers4489]

@@InvestAndGrow2020 what excuses are you talking about? Lol

[@byronrogers4489]

@Viper Are you sure you're not thinking of Dave Ramsey? Lol

[@ES92-]

Ramsey helps the people get out of *Consumer debt* y’all are clearly using it for investments. Not the same thing at all. So don’t shame the people that are tryna free themselves from something that’s eating away at them. #Smh

[@GarrettGundersonTV]

E. Simon you are right. Zero shame in that. Once that is gone, what next? Consider what is being taught here after that.

[@alphaweeb5195]

Also note the people that call Dave Ramsey are financially incapable and in a bad situation. For those people clearing debt is the best choice.

[@GarrettGundersonTV]

Alpha Weeb definitely nailed it. This advice would be devastating for someone that is spending more than they make.

[@Buff_Kangaroos]

I agree! Mis-use of debt!!!

[@GarrettGundersonTV]

Right!

[@justinlarsen2281]

I read “Rich Dad” when I was in my early 20s soaking up as much financial advice as I could. I got through 2 chapters before I decided he was a bullshit artist. I re-read the book 15 years later. Got through the entire book and came to the same conclusion. He has some good insights that I do agree with but I wouldn’t even consider his methods. Go Ramsey. This guy has bankrupted countless people who tried his methods.

[@GarrettGundersonTV]

Assets creating cash flow is valuable regardless.

[@ljqcarina6460]

@@GarrettGundersonTV It seems to me that you are quite resistant to other methods besides Robert. While I am neutral on Dave and Robert, I find it difficult to go to Robert because I simply do not have enough cash to get real estate. Unfortunately, I am not keen to get too much debt because I am planning to have a family. I suppose having a family is a huge expense and I may not be able to get rich as many people wants but I would prefer to be reasonable satisfied than to be the Great Gatsby

[@justinlarsen2281]

The average American doesn’t have $1000 in savings. With that in mind, the average American isn’t going to be up to flipping houses or carrying loads of debt to reap assets from it. I would say if anyone is interested in Roberts methods, which at best are complex and unconventional then at least get to Ramseys step 4. So much has to be learned about needs vs wants and unlearning bad behavior before yoking yourself up to debt

[@staticerratic35]

@@GarrettGundersonTV 100 agreed. We gotta crawl before we walk. Take 100 bucks and invest then build on that. People whom say they dont have a spare hundred are sitting in a new car with new phone in the starbucks with an 8 dollar coffee.

[@cesarioserrato5306]

@@staticerratic35 it's too bad you guys think this way because Ramsey never made me anything. Using Roberts methods really have made me lots of money and not using any of my own. It is true you can buy real estate with no money

[@jermainewalden]

Dave Ramsey has what they’re missing...Peace

[@ElTokeMaestro]

Jermaine Walden - Bassist true If a crash happens all these people with debt lose everything they have

[@bullrunfast]

Exactly!

[@chefgromano5025]

I just told my brother/business partner we should look into this model. He said would you rather have money or peace? Peace please

[@kendrasong8606]

They look terrible they can’t sleep

[@JJames7]

Amen!

[@migueladelgado9742]

I love the statement of “we don’t play with the poor middle class”. I’ve ran into problems in the past by trying to help people but they didn’t understand how it all works. Now I’m back up on my feet and I’m happy to hear that it’s not just me who feels this way.

[@GarrettGundersonTV]

Happy to help anyone willing to receive it, but don’t want to change the minds that are already made up and want to fight about things that don’t lead to prosperity.

[@pedestal123]

Suze Orman, if you're poor and want to be middle class; Dave Ramsey, if you're middle class and want to be upper middle class; S&P 500 Index Fund, if you're upper middle class and want to be rich; Hedge Fund Manager, if you're rich and want to be super rich; Robert Kiyosaki, whatever you are if you want to go broke. People like Kiyosaki never got rich by implementing what he teaches, but by selling how to books and DVDs.

[@daniellamoreno3616]

i agree.

[@levedia]

His books is not even how to's its about views he has for school system taxes and debt. Something a lot of people know already.

[@kurtjohnston8041]

Danny Dan wrong, he made his wealth through real estate

[@healthiswealth7899]

yep, he never tells you how to be rich he's an asshole!

[@Requiescat_in_pace]

He has a great deal of respect for the super obese.

[@pimpballer3]

Rich people don’t listen to Robert K. either

[@ejsgarage]

Great video. My mentor who knew Robert personally gave me the Rich Dad Poor Dad book when I was poor. 12 years later, there is a Porsche Cayenne Turbo and a Jaguar XJR in my garage. Robert's way is very unconventional but it works!

[@GarrettGundersonTV]

Sweet

[@tigerrx7]

So much nonsense here. Warren Buffet said stay out of debt and invest. Nuff said! I’ll take my advice from him and Dave. Some people don’t need $300 million worth of debt to be wealthy. Yes, I am afraid of the IRS because I don’t have a team of lawyers waiting to work on my behalf.

[@freedomcapitalpartnersllp7458]

Like you said , you are afraid

[@strawberriesncandii]

tigerrx He meant stay out of bad debt which is consumer debt. Debt that uses other people’s money to buy assets such as businesses and real estate is used by almost every wealthy person including Warren Buffett. But you’re afraid.

[@douglassmith9445]

@@freedomcapitalpartnersllp7458 i can guarantee he has plenty of money by following actual steps from dave and warren as opposed to no steps that arr given in this video. Doesn't take a rocket scientist to know this is a scam.

[@Cahluvca]

consumer debt

[@chrisbrooks4885]

Remember someone else is paying the debt and paying you. Lol

[@TxAlonzo]

Didnt Dave Ramsey use debt to buy real estate and get rich but that's how he went bankrupt?

[@adorable3817]

Dave Ramsey went bankrupt? 😳

[@ddillard143]

Yes Dave Ramsey went bankrupt. Now he gets Rich by pedaling mutual funds and selling his own products.

[@zoraster3749]

Yes; the way I heard it was he was flipping houses on short term loans in the 1980s (~90 days). When the tax law changed it reduced short term demand for real estate, prices dropped, he was leveraged to the hilt, couldn’t move the properties and banks didn’t extend the loan... so he had to file bankruptcy. Once bitten, twice shy. Now he still invests in real estate but he does it without any leverage; he buys his property in cash.

[@smlorrin]

He went bankrupt when he was in his 20s. The lessons he learned from that are what he teaches now. He did not go bankrupt following the rules he teaches now, and he does not use debt now to buy real estate. He pays cash for EVERYTHING. He does not even have credit cards.

[@lizwick]

A dorable he did back in 1989, I believe that was the year.

[@ryanshaeffer103]

When u owe people money u are broke, its not ur money!

[@GarrettGundersonTV]

Ryan Shaeffer what about a loan to acquire a business that has more value than the loan? Or if you have a line if credit and move quick to buy a property worth substantially more than you paid for it or if you have a loan but also enough cash to pay off that loan, but you are earning more with your money than that loan costs you? Are you broke then?

[@ryanshaeffer103]

@@GarrettGundersonTV a loan u still owe someone money, and would have to turn around and sell it, along with the fact that its easier said then done when talking about the population. This is false propaganda and will lead a ton more people to ruin then helps. DEBT YOU ARE A SLAVE TO THE LOAN, and is a huge liabilty and gamble on macro staying the same. The debt system will collapse and you will be left with nothing

[@ryanshaeffer103]

@@GarrettGundersonTV no im not broke, own my own house, cars are all paid off at 35 with 250k in assets and growing. Paid for my wedding and honeymoon (bora bora) with cash, no debt and all the money i make goes into investments!

[@GarrettGundersonTV]

Ryan Shaeffer great work. Congrats.

[@GarrettGundersonTV]

Ryan Shaeffer those buying now should be very mindful, there is a recession creeping in. Those that wait, compile cash, and work to make money on the buy will be able to benefit. Make sure to protect the downside with your investments.

[@cerebralmindgame9818]

Dave was traumatized by debt. Robert learned to love and leverage the hell out of it 👌🏾!

[@alexc5369]

You might as well go to the casino

[@cerebralmindgame9818]

@@alexc5369 Can't play this game to win being risk averse. Trying to play the game too safe is playing not to lose.

[@alexc5369]

@@cerebralmindgame9818 i know you cant, but you can play it without using debt. If you buy a rental property with cash, it can still go down in value so the risk is there, i understand that but atleast when interest rates go up, you dont have to fork out extra to cover the mortgage because you wouldnt have one.

[@cerebralmindgame9818]

@@alexc5369 That's why I'd diversify my assets to give me more range and reassurance if my rental properties were to tank. Better to be proactive and take an assertive approach than to wait for attrition to hit.

[@alexc5369]

@@cerebralmindgame9818 but you would diversify without using debt anyway? Sorry il use another property example, you buy a place with a 30yr mortgage for 400k on say 5.5% ir. After the 30yrs you would have spent around another 400k just on the interest alone... Yeah you maybe able to pay off earlier if you have the cash flow, but your cashflow is also at risk if rates go up. Why not save 400k for the house and from day 1 get to use the rental income for other investments instead of hand over to the bank.

[@danarobinson6156]

The "right" kind of financial education is critical to wealth building.

[@GarrettGundersonTV]

Dana Robinson absolutely. Investor DNA is key. Invest in what you know and can take responsibility for.

[@tickthebikesecond9798]

Having Kiyosaki and Ramsey in your financial repetoire is like having two powerful combustible financial elements in your mind. It's not a contradiction of two money disciplines, it's a combination of both.

[@jwc3104]

Listen. Kiyosaki, Ramsey, Orman, and Gunderson, they all make money from the "Network Marketing" scheme, not the stuff they teach and promote. I attended one of Kiyosaki's RichDad PoorDad seminar decades ago (don't get me started on how much I had to pay). I learned lot of stuff, but the biggest lesson I got, was that Robert Kiyosaki makes most of his money from selling these seminars.... NOT from his real estate and cashflow-generating investment. They are all "network marketing" guys. In a sense, these "seminars" are like Lottos if you think about it. Your chance of winning? very slim. but they give you hope.

[@GarrettGundersonTV]

Sorry to hear about your experience with the seminar. I loved the book Rich Dad Poor Dad and have been on his podcast a few times and did an in person interview you see a portion of here.......I used to invest in real estate, but not focus my time on building my own businesses, creating intellectual property and if you go online you won't see any workshops or seminars that I offer to the public. We do however have financial workshops for people in very specific circumstances that we know we can support. No sponsors or pitchfests, simply going from A-Z on personal finance with some business added in a few segments. I feel Dave Ramsay has given the masses great advice on how to stop spending more than they make and is an extremely knowledgable person. I don't follow his stock market advice or cutting back pieces at this stage, but definitely feel he has made a huge impact on the planet. Suze, well, I feel a bit differently and did a video on it here on my KZbin channel. Oftentimes her advice is actually harmful. You seem very jaded. Do you feel there is hope? I don't think it takes money to make money, but it does take value creation, responsibility and work. I used to have 20-100 percent ownership of over 100 real estate properties. The management and acquisition was dreadful. I didn't find enjoyment in it. I decided to focus on my businesses- Wealth Factory, Wealth Labs, and RipWater. I do have a substantial portion of my income coming in from the information products that I create: video courses, books, and 1-1 programs to support people with their finances. I build the implementation based, results based programs for entrepreneurs over the last twenty years. I think personal attention, systems, and accountability are critical for results. I didn't focus on the affluent or uberwealthy. Coming from a small coal mining town, I wanted to help those entrepreneurs that had most of their wealth in their business and didn't care about investing their money....I wanted to support them in improving cash flow. Finding money lost to taxes, interest, investment fees that weren't performing, and unnecessary insurance expenses. It is about efficiency. What would be valuable to you? As a viewer? What do you want to learn? Overcome? Discover? Would love to be a value creator and see progress. Happy to give resources that don't cost you a dime, just require your time. Anyway, hope to help if possible, if not, best of luck to you on your path.

[@chrissychrissy2649]

JWC I’d urge you to read his book.

[@clarenzedulawan6113]

JWC because selling is equals money. Amen.

[@herbankidd]

It’s likely that’s how he makes a good portion of money, but he didn’t start that way.

[@richcreager7877]

The biggest thing stopping you is the person in the mirror. They all have good ideas but if you read a book or attend seminar and don’t move forward then you can’t blame anyone but yourself. If you do what you’ve always done, you’ll get what you’ve always got

[@roypatterson7866]

Everyone, who is smart, knows Rich People and Corporations never pay taxes, they just collect taxes. You and I, who buy their products or services pay the taxes.

[@maxpaine1000]

Dave Ramsey is good! Oh and he's rich!

[@BrokTheLoneWolf]

Ayawrxsti he’s rich by regular standards but no where near where he should be based on his income and time.

[@joshuadandridge312]

He was made rich by building a business(s) around his high income skills....think about all the books, courses, training and seminars he does. Penny pinching didnt cause that.

[@Zork876]

I could be wrong, but looking up each of these guys’ net worth shows that Dave Ramsey is worth more than these two combined ( Ramsey 200 mil, Robert Kiyosaki 80 mil, and Garret Gunderson 5 mil) . So whats said to be the dumb “safe route” seems to be fairly effective. Once again I could be wrong, but the numbers kind of make me wanna side with Dave Ramsey, he also tried the control debt process that Kiyosaki is talking about through real estate . He made millions for a bit but when his bank got sold his new bank decided he had to pay up on the spot. He went bankrupt during his late 20s because of it and then had to use the strategy he talks about now to go from bankrupt to worth 200 mil.

[@ITILII]

Dave has a few good points true but Robert is wealthier and his advice is better

[@I_like_turtles_67]

@Ayawrxsti dave will be worth close to if not more than 100 million before he dies. I'd like to know if you have a net worth of 500k.

[@jjgems5909]

I like Rob, I read his book (which Dave recommended btw) but I honestly don’t think EVERYONE cares to be multi multi millionaires or billionaires. I personally don’t lol. I mean I wouldn’t mind being in The lower class of “rich” lol, but Rob has a tendency to make people like us feel stupid and mediocre which I guess we are in his view, but I really don’t care lol. I admire Dave Ramsey because he is Rich, owns multiple properties and business and all with zero debt, even the new gorgeous BUILDING he made for Ramsey Solutions! All with ZERO debt! That’s amazing.

[@GarrettGundersonTV]

Jessica Ramirez I admire Dave and his business saavy, his ability to present, and what he has accomplished. The key is what he did in business. That is what to really learn from.

[@aaronolson2469]

I used debt for years and due to things beyond my control I lost my ass. I am now rebuilding and not using debt so as not to get back in that situation.

[@GarrettGundersonTV]

Aaron Olson store plenty of cash to capitalize on opportunity and sounds like you learned the lesson on overextending. Many will this time around too.

[@Xenthoid]

Did you use debt for nonsense? or did you use it to acquire assets AFTER you've educated yourself on that asset?

[@eric_martindale1711]

I cut my entrepreneurial teeth on Robert Kiyosaki’s “Rich Dad...” series. Nonetheless, there’s a place for Dave Ramsey for sure. Most of Dave’s practice pertains to personal debt. It is the use of an already over-used personal credit card to buy that sixth pair of shoes you don’t need. I use debt for a multi-million-dollar business, and I am very inspired by Robert Kiyosaki. But I still listen to Dave Ramsey when managing my personal finances. Intellectual maturity requires that we read and study everything we can, then apply every good idea that can help you get to where you need to be.

[@lizwick]

Eric Martindale that’s where I’m at too.

[@GarrettGundersonTV]

Yeah, Dave is great at helping the masses eliminate debt. He has been more realistic with what the stock market can and can’t do- in the past it was overinflated.

[@freedomcapitalpartnersllp7458]

One of the most spiritual and awakening things I have ever read is the secret to why Robert moves TOWARDS risk while Dave moves AWAY from risk. I will give you a hint , Robert went to war but Dave never did. ... I will never forget that night in Newport Beach California as long as I live.

[@amynguyen5922]

Robert doesn't have fear of death from fighting in the Vietnam war. He likes risks.

[@pingupenguin2474]

Dave actually made a fortune in real estate by borrowing the way Kiyosaki recommends to fund a real estate business. But then a change of staff at the bank and they decided to call in the debt. It kick started a descent into bankruptcy despite his " rich" approach. He had a young family at the time. So no wonder he recomends getting rid of your debt. He decided to start again using biblical principles. One of his favourite verses is " The borrower is slave to the lender" At the high interest rates of many credit cards that is certainly true !

[@squiggle1020]

I hate reading. I picked up Rich Dad, Poor Dad two days ago and my next two books are What Would the Rockefellers Do and Killing the Sacred Cow. I would love to get away from my job. I want to create jobs and be able to give generously. At 38 I realize I have had the poor and middle class mindset. While wanting to be wealthy.

[@CasinoMoney2000]

This guy only comes out when the market is good. When there is a recession he hides from all the people he owes money too

[@James-tc1jt]

poor people mindset，stay poor and life live.

[@levedia]

exactly

[@fatbastard246]

Amen

[@FlowtnWitWalden]

To.

[@eugeniom.gonzalez4465]

Dave Ramsey teaches that cash is king. Own your home. Invest in short term and long term. Have your emergency fund for insurance and give back to help others 👊🏽👊🏽👊🏽⚡⚡⚡

[@SenorJuan2023]

Cash is NOT king. It's losing value EVERY day.

[@eugeniom.gonzalez4465]

I'd prefer a shot in the foot then drowning in credit card debt. I prefer btc, Gold , and some mutual funds

[@covercalls88]

@dannie curlett My house is paid for as all of my other real estate holding, bank won't get them when I die. I am retired and I would not want to be a renter, as that is really shooting yourself in the foot as you are making the other person rich. Look beyond just saving and figure out how you are going to invest your savings. I sell short term (5 days or less) put and call stock options in my stock accounts. I let the time decay work for me. 9 out of 10 options I sell expire workless, so I collect the weekly premiums.

[@covercalls88]

@@SenorJuan2023 True that is assuming you are not investing the cash.

[@SenorJuan2023]

@@eugeniom.gonzalez4465 There is good debt and there is bad debt. Dave thinks ALL debt is bad, which is retarded. In fact, he thinks you shouldn't even own a credit card. Sorry, but you need at least one credit to survive in the modern world.

[@Avemakk1]

Dave Ramsey Rocks!

[@CasinoMoney2000]

Avemakk1 fuck yeah !

[@sonohrina2012]

Absolutely!!!

[@ladybanks9766]

Yes Dave Ramsey is awesome!

[@arnibah]

Ramsey rocks but so does Kiyosaki.

[@MR2trader]

Dave admits that his listeners are not good at math. He's a good minister to them - and entertainer.

[@victoriasbudget4556]

Debt makes you rich???!!! Really? Can we hear from people that suffered in the foreclosure wave of 2008-2009? How rich were you when you handed over the keys?

[@JoshWeaverRC]

Wow, really a shame that you have a poor mentality. Cash flow is rich. Owning a house and living in it providing cash flow. No. Good vs bad debt.

[@BrokTheLoneWolf]

How about the smart people who bought up all the properties in 2009-2010 using debt.

[@alejandromurillo4153]

How about the ones who came in like sharks and picked up all that real estate at a huge discount

[@stevemasterson7776]

What about all the people w leveraged houses from 2010? There have to be losers to be winners

[@Przemy-fox227]

Nice content. The truth is, money is worthless until you put it to work. Successful people look for business to invest on and make more money.

[@glennschweitzer6933]

Investing in today is priceless because tomorrow isn't promised, trading bitcoin, gold, silver or any other crypto to secure a better tomorrow.

[@DiEgFERNáNDEZ-o2y]

@@glennschweitzer6933 You're Righ💯👍

[@DiEgFERNáNDEZ-o2y]

To me trading the forex and crypto market is way better than any online investment 💯

[@VerneCopeland]

With the way things are going I honestly feel sorry for anyone without a passive income

[@puppy.t2602]

INVESTMENT IS THE KEY TO FINANCIAL FREEDOM

[@sonohrina2012]

I wish I was meant for this but my reality is I’m not; I’m meant for middle class I don’t like too much risk but i been playing with debt and it’s real hard work it’s a full time job and I would rather just be middle class wealthy but not rich so I can live comfortably and not have as much stress in my life.

[@GarrettGundersonTV]

Adri C keep watching. I’ll give options that require zero borrowing.

[@mysticaltyger2009]

Same for me. I want to be "middle-class rich", "Invisible rich", "low end rich", "financially comfortable' ..Whatever you want to call it, that's good enough for me.

[@LMCEK]

I feel the same way as you. I don't feel comfortable being leveraged beyond my own personal mortgage. I'm single and don't want to lose everything, even if by some chance/miracle I could make the numbers work 🤔

[@cjjohnson353]

@@mysticaltyger2009 all efforts to get anything beyond that are pointless. Kiyosaki and these people lack ancient wisdom.

[@Cfergsthebest]

@@LMCEK Most people aren't. In general to be a top performer in most things, you typically have to be pretty high on dark triad traits. The numbers increase even more for people who are financially successful. That's because narcissism and psychopathy overpower fear.

[@knunez4862]

They all have different ways to help people. it’s a matter of knowing what’s the best for your particular situation.

[@Lambdamale.]

Agreed.

[@MsquilATL]

K Nunez I agree.. watching this video and reading the comments... Has made me confused. I’ve read a lot of Robert books and also watch Dave... both give good information however it’s up to strategize and figure out what works for you and ur situation!

[@robertlivingston486]

I have been trying and trying to figure out how to live debt free but get rich at the same time, and always came against a brick wall. After listening to this video conversation I now see why. Indeed, the rich think differently. Like the Bible says, a man cannot serve two masters. The richest people have debt. People who are debt free struggle to be rich. It now makes sense to me. Thanks Robert.

[@bandyj20]

I'm quite certain this guy doesn't own his money, his money owns him. With the way he speaks, you can tell his principles are focused on money rather than actually contributing something to society. Then he paralleled his wealth building strategies to those of Trump's and that was the nail on the coffin for him.

[@BrokTheLoneWolf]

You’re a dumb ass.

[@Mexicobeanpole]

Yep. Once he spoke highly of Trump, I know Robert was a low life.

[@joshuameyer1541]

Step one file Dave Ramsey to get out of excess drowning debt and debt service payments. Step two save enough money to meet the banks requirements to get an investment loan. Step three.. follow these guys.

[@joefran619]

Been around for years now and I can say without a doubt, MONEY doesn't = Happiness.

[@joefran619]

Now excuse me, as I need to get my bicycle out to go for a nice ride. Nothing like fresh air!

[@JohnsFishTales]

Dave Ramsey is referring to paying off consumer debt. Not the same thing.

[@GarrettGundersonTV]

And mortgage and avoiding lending in real estate based upon his back story. But he is a great presenter and business man and the best at helping people stop overconsumption

[@dennytuma]

kiyosaki probably made more money on that stupid book than he did on real estate

[@stevenbillingii2267]

I really like how robert calls the middle class cowards if you're "afraid" of the IRS. Ridiculous.

[@hvee2309]

Selling books is how these guys get rich. Most people who borrow to invest, lose their rump. Risky.

[@GarrettGundersonTV]

H Vee way too many people borrow without the proper mental capital or relationship capital, plus without cash reserves. Most people shouldn’t get loans for real estate they don’t understand. My income from books has been minimal compared to other ways I make money, and there is nothing wrong making money selling books. Not sure how much you know about the margin in books, but thankfully it allows me to share knowledge and I have a business that makes me a lot more than book sales. Best of luck on your journey and path to sustainable wealth.

[@dianereinhart9712]

U R Wrong..in your statement. They r using Debt to become Wealthy! They Invest in Assets....Listen

[@dianereinhart9712]

@@GarrettGundersonTV how can I invest in a Great team?

[@GarrettGundersonTV]

Diane Reinhart best way I know is WealthFactory.com/private.

[@demon66685]

@@dianereinhart9712 Well duh! Who is going to invest in liabilities? Haha.

[@infowazz]

I saw him do an interview with a Polish guy and the guy didn't do his homework or didn't know enough to impress Robert. So Robert justifiably got mad and almost left. But he kept going. It showed me how much Robert cares about this material and his time. He didn't have to sit there with the guy. Sure, it was to promote the book but he doesn't need money. Unless making money becomes an addiction or hobby when you get to his level. It seems that is how it is for some people. They make money from a book or real estate and then do it again and again and enjoy the whole process. Nothing wrong with that i suppose.

[@OnlyKnowsGod]

This method may work in the USA but in the UK it likely won't. If anybody knows otherwise please share.

[@alexs3187]

99% of Americans think it won’t really work for them either. Sold my house (bad debt) last year and bought a business this year (good debt). I’m in more debt, but my cashflow is way higher. Instead of buying a house to live in, I’m going to put that money as a deposit on some apartments, increasing my cashflow even further. It’s a different mindset.

[@GarrettGundersonTV]

Alex S great. Focus on cash flow and create economic independence.

[@levedia]

@@alexs3187 Its all about the deal when you buy so it can cash flow and that's whats hard. Especially depending your area u live in. May I ask u what business u baught ?

[@alexs3187]

Nick N I bought a business that does metal building erecting. Probably the simplest form of construction. I wouldn’t recommend this particular business to someone without industry experience, but look for something that cashflows really well, that’s within your knowledge and skill set. Doesn’t mean you need to be “hands on,” but you do need to know enough to find the right people and take over on operations as a contingency plan. Having regular jobs before taking over an acquisition is a good way to build up the operational skills. I wish Kiyosaki pointed that out. You can’t be good in any quadrant without knowledge and skills. Not even an E.

[@levedia]

@@alexs3187 Right my friend. In my case im a master at something thats becoming obsolete. Programmer but with old technology. Any thing i do now its from scratch.

[@francistheinvestor766]

Just found your channel love it. I was 400k in debt at 22, now close a million at 24. And like you guys stated not everyone can handle the pressure but those who can, are Diamonds.

[@GarrettGundersonTV]

It is not for most people for sure. Good luck on your investing journey and wealth building. Thanks for watching and commenting.

[@megawolf4172]

Most people can’t handle the responsibility of being rich....so Suze and Dave is a better option.

[@GarrettGundersonTV]

Wolf Glitter Dave is good for the masses for sure, but bad advice is bad advice and Suze has plenty of it.

[@GarrettGundersonTV]

Wolf Glitter www.forbes.com/sites/garrettgunderson/2019/07/16/youd-be-better-off-just-blowing-your-money-why-retirement-planning-is-doomed/

[@tonymullins6144]

That is Absolutely true!

[@codyandrex152]

I like that Kiyosaki doesn't say you have to do it my way. He says "what's best for you?" Because who you are inside determines what you do. Are you rich or poor minded? I often ask myself that question 17 months after reading Rich Dad Poor Dad.

[@rothbj1]

Ramsey doesn’t offer 45,000 real estate seminars....

[@Epb188]

I'm not ashame to say it I'm sticking with Dave Ramsey and staying with the middle class. ^.^

[@GarrettGundersonTV]

That is a good idea for many. Lots of people borrow to buy real estate and lose. Be careful with mutual funds though- overhyped

[@cherylbrooks821]

ESTER PINON that was mine and my husband’s plan-unload debt, live below our means, invest. We have retired VERY comfortably, and do what we want. We have a lot of peace and can help others, and to me THAT’s rich. Rich in blessings, not thinking about money constantly, and living a decent life. I embrace the rules of sanity, and don’t care whether these guys think I’m “rich”.

[@lorettadillon-ham1574]

Oh Boy! Those comments about your team is quite a lesson in deed. Us poor who want to be “rich” are trying to do what you described for ourselves (at least I am). 😁

[@GarrettGundersonTV]

Loretta Dillon-Ham keep doing the work. Not always easy, but worth it.

[@lorettadillon-ham1574]

Garrett Gunderson thank you. I’m doing A LOT of learning to change my circumstances

[@davidroynewby]

Agreed Loretta. @Garrett, I’ve invested $500k in building my network over the last 15 years, and met 13 billionaires in the process. Love that you’re sharing this success key! “In a multitude of wise counselors, victory is assured.” ☺️

[@freedomcapitalpartnersllp7458]

Debt is a wonderful tool. Just ask the federal Reserve

[@ApartmentKing66]

If used to buy an income-producing asset, yes, it is.

[@ALDOELTA]

I am watching this and loving Dave and also many people who watch here 😁

[@GarrettGundersonTV]

Great.

[@nathanc30]

I think the two philosophies are separate. Ramsey and Orman are two of the best at getting out of "bad" consumer debt. Credit card debt is stupid. To me , real estate, and business debt are different. They do make you money if cash flowing properly. That's where I agree with you two.

[@GarrettGundersonTV]

Well said and on point.

[@scottcped]

6:07 “make sure I look great to the banks”... Dave Ramsey IS THE BANK!

[@GarrettGundersonTV]

Did Dave lend you money? How is he the bank exactly. For hating on us you sure spend a lot of time watching.

[@scottcped]

Garrett Gunderson I meant that he is his own bank. He doesn’t have to rely on looking good to the bank so that he can buy whatever it is. Whereas, you have to “look good” in order to have access to that other person’s money.

[@FlowtnWitWalden]

@@scottcped You didn't hit your head on a rock at the bottom of the lake diving off the high-dive in your youth by any chance, did you? I can't really tell from your picture if you're the Scott Campbell I'm referring to.

[@richardkilley6838]

It wouldn't be a Robert Kiyosaki video if he wasn't waving a book around at every opportunity!

[@roywilliams3560]

Jesus doesn't like debt should I listen to you are him

[@billgateskilledmyuncle23]

Jesus is really good at paying other people's debts, paid in full.

[@roywilliams3560]

Okay so I don't believe in this so save ill go with my bible and Dave Ramsey God bless

[@levedia]

Jesus he offers more than financial independence. He offers heaven. which is an infinite number times better than financial free on earth

[@emmanyalenda9475]

I saw this and just laughed...i am still laughing.Yes jesus doesnt like debt

[@Dess1eOne]

Bought alot of Rich Dad Poor Dad books etc and my friends used to say your making him rich my reply was if i get rich and he gets rich were both winners .❤😂.

[@GarrettGundersonTV]

I like that reply.

[@ryanshaeffer103]

Those properties you buy with debt and owe on dont belong to you. One economic collapse will ruin you!

[@GarrettGundersonTV]

Ryan Shaeffer depends on what properties you buy, what amount of cash you have on hand, and if you can rent them out, sell them, seller finance them, or any other exit strategy. We are dangerously close to a recession and many will get burned buying high and selling low. Only invest in what you know!

[@ryanshaeffer103]

@@GarrettGundersonTV Yea because everyone in life has the time or ability to be able to make that work. Your philosophy works for a very small percentage of the population and like i said one financial crisis and your ruined.

[@ryanshaeffer103]

@@GarrettGundersonTV Not owing people anything is the best feeling in the world, no stress and everything you own is yours! So .01% your way might work, but not everyone is cut out or has the connections to pull it off and more times then not they will fail and be completely ruined!

[@GarrettGundersonTV]

Ryan Shaeffer only works for those willing to invest in themselves and take financial responsibility. You don’t have to borrow to make this happen. That is just Roberts method. I build my own cash reserves in cash value and use those.

[@GarrettGundersonTV]

Ryan Shaeffer I am glad you owe no money and never should based upon what you share. You may want to watch my other videos. I don’t promote borrowing money for the masses. The point here was different advice for different people and situations.

[@zmack1830]

Their advice makes sense depending on context! But they appear to lack enthusiasm and conviction in what they teach and say! Their contrarian on the other hand like Dave Ramsey appear to be full of conviction in what they teach!!

[@GarrettGundersonTV]

Admittedly not my most passion interview, but I love what I do and it CJ es through in the majority of my videos. Might be the first time I have been accused of not being passionate enough, but anytime I got on a rant, they cut the video. It was at Roberts office and his people.

[@ML6103]

Kiyosaki was never rich. He made some books, talked a lot of shit and make money from that.

[@GarrettGundersonTV]

ML6103 where are you getting this info? The research I have done says different.

[@ML6103]

Garrett Gunderson this little rag called Forbes will tell you there’s no record of the wealth he was meant to have amassed before 1997. On another note, his bankruptcy is probably another flag for someone who shouldn’t be dishing out financial advice

[@GarrettGundersonTV]

ML6103 I am a paid contributor for Forbes. Obviously he talked about his Velcro wallet business going under. But there is a lot if clickbait in more recent years saying he went bankrupt, but he did not go personally bankrupt in the last several years.

[@caseyporter499]

ML6103 if you have dozens of businesses and one goes bankrupt, only that biz files for bankruptcy. Most ppl don’t want to fail so they never try. Kudos to those who go all in instead of hiding in the corner and working a job.

[@GarrettGundersonTV]

Casey Porter yep. You nailed it. Good that we have both entrepreneurs and employees. Takes both for anything to happen. Key is to have upside potential and pay for performance either way!

[@kingankhamen1106]

Debt is the only money. Credit is debt. Credit is and always will be better than cash. "A good name is rather to be chosen than great riches." -Proverbs 22:1 A good name, good credit, reputation, etc... Good luck building any kind of commercial "wealth" without credit/debt. I don't even kno Ramsey but if he is 55 mil strong and has failed before, he just plays the game better. He isn't personally liable for anything, he allows the entity to carry the obligation. Never be another man's surety. That's also biblical. Proverbs 22:26 Life is Good.

[@willelliott5052]

I started following Dave's plan nearly 12 years ago. I had little net worth then. Now my net worth for my age greatly exceeds the national average and is many times the national median. I am grateful. My one exception to his plan these days is that as interest rates have dropped, I invest rather than pay extra principal on my mortgage. But that is as far as I take "borrowing to invest". I think that you are implying that people are simple chumps for listening to Dave, which I think says more about you than about him.

[@rochellecarrington9700]

Garrett - brilliant stuff as usual. Love the bluntness - just forwarded this to a number of friends and family. Keep up the good content!

[@GarrettGundersonTV]

Thank you thank you

[@maxlewis2011]

Robert kiyosaki has a $80 million net worth Dave Ramsey has a $200 million net worth...... Why shouldn't I LISTEN to Dave Ramsey? (Inquiry mind wants to know ) 🤔

[@nicksan5253]

Correct. These guy is a fraud. The cunmen are trying to convince people to play up to debt, god already warns us to avoid debt at all cost.

[@andriyshapovalov8886]

You should listen to Trump. He is richer ;)

[@maxlewis2011]

@@andriyshapovalov8886 Trump was BORN RICH !!!! FRED TRUMP is the true reason why Donald Trump is successful

[@andriyshapovalov8886]

@@maxlewis2011 Thanks for letting me know. But really, listen to whoever you are comfortable with, don't mind me✌

[@maxlewis2011]

@@andriyshapovalov8886 Well said....feel comfortable. 🙏🏿

[@cryptocode88]

Love this. Ppl look down on ppl when they re-mortgage their house and use capital to Either buy a second home or property... but if the price is right real estate is where it’s at!!! There’s always someone Who is in a jam and sells stuff on SALE! When you get it, you win!

[@chrisbrooks4885]

Start with Dave Ramsey then graduate and move on to Robert K.

[@GarrettGundersonTV]

Dave is awesome to start saving and get on track. . Be careful with the stock market advice and definitely learn from Robert that cash flow is critical.

[@MsquilATL]

Garrett Gunderson thx for this feedback.. I’ve a big follower of Robert .. I’ve read a lot of his books and it makes sense .. however I also listen to Dave. I don’t agree either with his stock advice

[@3sidesofeve711]

Hi level education going on in this video if you listen carefully. The majority of us are in the middle class and it's hard to get out of that mindset. I understand he wants to sell his book and there's a lot more info in it than a 17 minute video. I think for the majority of us to follow a frugal method, pay off our mortgage so we have a place to live free if it all collapses. Then take bigger and bigger risks like they do.

[@CycleCruza]

BS - I did not make real gains until I went 100% debt-free and became my own bank in 2006. You have more power when you are your own bank and operate by your own rules and gain all of the profit. Listen to Dave Ramsey if you want REAL success. These dudes OWE people.

[@GarrettGundersonTV]

Be your own bank. Great. Doing Roberts method can work for some with real estate but disastrous for the masses that don’t know how to manage it well.

[@FBiTOPDOG]

Thanks guys!

[@GarrettGundersonTV]

You bet

[@funanimalsounds]

Those who have ears let them hear.

[@GarrettGundersonTV]

Jacqueline Creighton this is not for everyone. But for the right person, you are right.

[@courtneyabel]

And those who have minds, let them think.

[@joshuadandridge312]

Agreed. you can really tell the lack of listening comprehension displayed right here in the comment section.

[@fogata3]

WOW! This is one of the most impactful videos I have ever watched! Thank you!

[@GarrettGundersonTV]

Thank you.

[@johnhepi3844]

I like Dave Ramsay's way

[@SenorJuan2023]

Stay middle class then. LOL

[@roypatterson7866]

I love "Rich Dad, Poor Dad" by Robert..

[@JIANYM36]

All that talk about debt. What happens when your overhead exceeded the rentals income due to vacancies. How do you hedge against that?

[@GarrettGundersonTV]

Jiany Star Massa vich cash, exit strategies, being proactive, building up a waiting list by adding value to renters. My co-author of 5 Day Weekend gives his tenants a car as part of the perks. He improves three key areas of all properties (laundry being one) AND realize, real estate is not for everyone. There are lease option strategies, other seller financing ideas, round robin auctions......strategy matters. Value rules. And if you do real estate, treat it like a business. Say no to plenty of deals and find ones that have a good cash flow spread and buying with equity from day 1.

[@JIANYM36]

@@GarrettGundersonTV thank you for that info. I was interested in seeing how much he spreads himself loan to cash ratio and the cap rate he looks for in a property.

[@corycowan-morrison]

Always have enough money to pay off your loans in that case then after you get tenants again you can always remortgage.

[@JIANYM36]

@@corycowan-morrison yes your right, obviously, but he's talking about full debt no income tax. He needs to cash out and save in case of vacancies, so that money he's paying a certain income tax on right? What % that he pulls and pays income taxes on avg per building's for vacancies and spending expenses for his original life? Hope you understand my questions Also wh

[@corycowan-morrison]

@@JIANYM36 you only pay taxes on income. You can have the money sitting there and you will only pay tax on the income you earn from It... there is lots of ways to minimize your taxes but to not pay any taxes at all meaning you are always in more debt than you can pay of in the turn of the economy..... and that is the times the real money is made.....you buy up property when people go into foreclosure. But you also have to have the ability to do that and you can only do that if you have the money or can borrow the money at the time and most people don't understand that concept. You can't borrow your way into wealth without huge risk unless you can service the debt.

[@CasinoMoney2000]

Debt is dangerous. Imagine taking a credit card to the casino......

[@electriceyeslide5959]

NTNstudios Miss Natalie Not what he’s saying at all. He’s talking about controlled use of debt, not taking a credit card to a casino!!!!

[@alejandromurillo4153]

What in the h***l?

[@wahtakk5684]

That’s a BAD DEBT.😂 That old guy want’s GOOD DEBT.😆 He gambled to become rich, richer, richer, richer and richer and richer and so on but not through casino but through Good Debt like investments, buying properties that he can earn and make money on that property. Not just like buying a house were money is just keep going out and nothing is going in.

[@Requiescat_in_pace]

Investing is the same as playing casino games of chance where house has a .005-40% advantage and are impossible to beat in the long run without cheating or colluding with other players or dealers. Makes sense.

[@CtrlAltDelite]

Ramsey actually helps many people dig themselves out of debt slavery to a peace of mind level where they can then make wealth building moves if they so choose. Or, hold where they are at.

[@GarrettGundersonTV]

True, he is masterful at that. I love that part of what he teaches. Mutual funds, not so much. There are much better ways to create wealth.

[@ozc804]

ALL I can say is that whether you prefer Dave Ramsey or Tony Robbins etc. etc. Rather than ROBERT KIYOSAKI that's totally fine , everyone has their right to their own sources for growth and mentorship . I will say this none of those other GURUS teach and expose financial education and MONEY like ROBERT KIYOSAKI does , reason why I say this is he also has a team of advisors that educate people on TAXES , GOOD DEBT and building entities to protect your assets . IF people were to consider reading his books and learning the content they would change the way they perceive him because in all REALITY HE IS MORE OF A REAL TEACHER THAN A FRAUD !!!

[@MsquilATL]

Oz C I agree!!

[@cbxwarrior1]

This is great advice but not everyone is looking to get rich. People have different priorities, preferences, values, and opinions about money.

[@GarrettGundersonTV]

dan fleming you nailed it. Well said.

[@tomdrummy4984]

Some people get anxious when they have debt. Good debt, whatever debt. Not everyone wants to be in mr kiyosaki’s league. I don’t want 300 million in debt no matter what my cash flow is

[@GarrettGundersonTV]

Tom Drummy I do not use loans to finance real estate anymore. Another hey relationship of mine and author Rich Christiansen has paid off all his rental income properties. He sleeps well and has plenty of cash flow. Another co-author of mine with 5 Day Weekend has no problem financing properties but could pay them off with his other assets. It is really dependent on you, your situation and mindset. I prefer to leverage knowledge, not money!

[@MrsThollo]

@@GarrettGundersonTV How could I NOT realize you wrote "5 Day Weekend"!? 🤦🏾‍♀️

[@RioElMystic-999]

For the younger entrepreneurs..this can be misleading. know that debt can be used as leverage. But can also be detrimental if failing which you will often being inexperienced as your having a learning curve to whatever field your in. I suggest saving a cushion and never risking more than comfortable. Debt is real and you lose thousands you have to pay that back. Don't become overly optimistic research your investments intensively

[@GarrettGundersonTV]

Never borrow to consume, completely. Or don’t borrow if you can’t handle it, which many cannot and they take too much risk. Best to increase your financial IQ, invest in yourself, and focus on cash flow.

[@covercalls88]

@@GarrettGundersonTV Positive cash flow.

[@Sketchrcat]

Hm, William Buffet always says stay out debt..

[@GarrettGundersonTV]

Warren buys businesses that issue bonds. Bonds are debt for business. Thoughts?

[@jamesknight5860]

you hit this on the nail. Dave Ramsey's philosophy targets the middle/working class who cannot get a grip on their finances; in addition, have been wired like the Baby Boomer generation. Graduate from school, work hard...... uh, hell no. Not discrediting Dave Ramsey, but my preferences on finances is millionaire status, so I will listen moreso to Kiyosaki.

[@GarrettGundersonTV]

James Knight invest in yourself. Leverage knowledge and focus on production. Education outside is school is what matters most.

[@jamesknight5860]

@@GarrettGundersonTV Amen Mr Gunderson. I will surely keep that in mind.

[@gebhardt2]

He's wrong about Ramsey. Ramsey can take you to riches. I don't borrow money.

[@kidacrimson1204]

Even if you're correct about that, Ramsey _is_ wrong about credit cards, though. Assuming you have even a modicum of self control and are able to responsibly manage your money, you can leverage credit cards to save a ton of money on things like gas, plane tickets, vacations, etc. My Costco card pays for the yearly Costco fee 3-4x over, my Southwest card pays for my domestic flights, etc.

[@kidacrimson1204]

What I think most people are missing here is that these guys are talking about *risk*. The thing is, most poor and middle-class people are too afraid to take any big risks...incurring debt IS A RISK, yes....but you _need_ risk to get any big reward! You cannot have large gains without any risk!

[@zainabfarooq9496]

Their just showing off

[@FlowtnWitWalden]

they're

[@Scott-be1cq]

Big difference between personal debt and business debt. You don't want personal debt you want business debt. If you are really wealthy you don't need personal debt. To get wealthy you have a business and the business owns the debt not you personally. These guys both know that but they should clarify it for those that may not understand it.

[@GarrettGundersonTV]

This is critical and thanks for clarifying for everyone.

[@bobschnittman2856]

to the question "do you know how much we made on refinancing $300 million" I would guess zero? Refinancing doesn't make any money

[@GarrettGundersonTV]

Bob Schnittman good point, but it added cash flow

[@bighands69]

+Bob Schnittman If debt repayments are costing you 1.5 million per month and you get it down to 1.2 million means your business all of a sudden has an extra 300,000 a month to use. Cash Flow is important in context.

[@PunkCoverMoose]

How do you get a 0% interest loan?

[@impala6464]

A credit card will give you 0% for 12-18 months with a 3% transfer fee. Take that money and invest it in double digit earning investments. Later, transfer it to another card.

[@hopenfaith6255]

I like both Ramsey and kiyosaki. Ramsey is helping people get out of bad debt that will not create income for them. Kiyosaki is smart to use debt to create asset. I think they should come closer to the point that their goal should be creating asset using good debt.

[@GarrettGundersonTV]

Meskrem Regassa I think the more we can look at what we agree on and educate people with less confusion would be great. There are strong differences in other areas too. Dave is maybe the best ever at getting a train wreck on track. Robert illustrated assets creating cash flow the best.

[@eduspheretawanda]

Now a straight forward answer,thank you

[@elindigeno1215]

What? Robert is saying to be more in debt? That's insane. Why would I want more debt?

[@caseyporter499]

El Indigeno like they say. Different mindsets. Add another mindset on top: grant cardone- start a biz. 10X your goals. Aim for 1 mil a month. Not a mil by 65

[@elindigeno1215]

@@caseyporter499 I haven't even mastered Dave Ramsey's steps yet and these guys want me to be more in debt. I would never be wealthy 😭

[@caseyporter499]

El Indigeno you’re not there yet then. After Dave Ramsey teachings, when you are good with your money you can go to the next level. I have watched Dave Ramsey in the past and still sometimes but I just am constantly shocked by how naive the callers are. They are really bad with their money. When you have mastered this you can go to Kiyosaki and cardone. These guys are all about biz biz biz and reinvest. If Dave Ramsey told his callers and followers this-it’s like talking to a brick wall-besides if they are all bad with their money rt now, they can’t go to that level.

[@GarrettGundersonTV]

El Indigeno great advice. start where you are and don’t skip steps. Build up your savings and financial education first. Leveraging early can be dangerous and leverage before you are ready can be disastrous.

[@elindigeno1215]

@@GarrettGundersonTV Thank you! Is a marathon not a Sprint. 🙂

[@SimplyDorr]

They are indeed making points, but I think the big difference between Ramsey's advice for the middle class who of course are living well but not 'rich', the 'rich' seem to just be greedy. Whether you want to see greedy as good or bad, that seems plain. So Ramsey's advice sticks for those who can be content with what they have, and for most that may be best. For those who can apply what they share in the video then of course this is sound advice. But, the advice is not for everyone. Best to be careful than to be greedy. If you are making as much money as these two then there's much more to gain from risk I presume is the point so indeed, the rich are smart for this system. For the rest, best to stick with Ramsey's advice and be careful 'less this 'rich' mindset becomes your reality. Great knowledge at the end of the day, just don't make the mistake of trying to apply all things that you hear, it could be the wrong time for you to so.

[@gettinafterit2158]

I know gold and silver do not cash flow but I accumulate waiting for the Day pennies on the dollar 👍🏻 Looks like a really nice 8 unit apartment.. 🤔 10 ozs

[@RomilCPatel]

We never wanted Tyranny Gold and silver stocks which pay a dividend are a good way to get both worlds

[@JoshWeaverRC]

You are storing money for a target. Sounds great.

[@christinajones7319]

Thanks, guy's!

[@GarrettGundersonTV]

You are welcome.

[@ALDOELTA]

I think Robert get his riches into his head. Dave Ramsey help most people. Very worthwhile and we are thankful for him. I love Donald Trump though, he is helping America. Robert he is way out there with same people like him.

[@kennethrussell1158]

Best comments and observations on social media. I agree 👍

[@Mexicobeanpole]

Omg, you love Donald Trump??? Pathetic.