HOW TO CONVERT A LIABILITY INTO AN ASSET - ROBERT KIYOSAKI, Rich Dad Poor Dad

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6 жыл бұрын

Assets and liabilities serve as the central focus of this episode of Millennial Money featuring Robert Kiyosaki. Robert dismantles a pervasive misconception-that your house is an asset. This idea is debunked to underscore the importance of understanding the true nature of assets and liabilities in one's financial journey.
Robert goes on to propose that people themselves can be assets or liabilities. The discussion extends to the financial responsibilities associated with caring for family members. This aspect brings forth the idea that while family can be a source of emotional support, they can also be financial obligations.
Examples of human liabilities, with a focus on financial commitments such as alimony and child support. This serves as a stark reminder of the financial responsibilities that individuals may have to shoulder in various life situations.
This episode not only clarifies the distinction between assets and liabilities but also underscores the importance of financial literacy, cash flow management, and the multifaceted nature of financial responsibilities in the context of family and personal finance.
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Пікірлер: 7 000

@ericchavez837 5 жыл бұрын

I changed my life when my cousin told me about Robert. (April 21, 2017). Worked at a manufacturing warehouse for 6 years, climbed the corporate ladder, making 70K a year, broke a** h**, mentally stressed every day, hated my job and the list goes on. This year I quit my job, got a new high paying job (120k), am currently investing in financial, investing and real estate education. Have full control of my financials and living a better life then ever. No longer live paycheck the paycheck. Although my income is earned income "JOB", I now have financial control! I have listened to all of your books. Going to listen to them all over again and apply them every day going forward. One step at a time. Robert, you have changed my life! You are my rich dad! Thanks for sharing your stories!

@Mrramennoodle2 4 жыл бұрын

Eric Chavez can you teach me how to do this

@BenHall289 4 жыл бұрын

@@Mrramennoodle2 I'll do it all for you for free. You just sit back and relax

@jstoli996c4s 4 жыл бұрын

Well done! Now live well under your means, watch your expenses ruthlessly, and put the extra cash into assets. You’ll be on your way!

@mgsa5722 4 жыл бұрын

U r a Liar. a Paid Liar

@vonsevilla4426 4 жыл бұрын

KC keywords he said were real estate, investing and financial education. Whats his 120k income? He’s probably a real estate investor

@GrammyHanks 3 ай бұрын

The question is how to convert your salary into the investment funnel without double taxation. you pay taxes once it's earned, then buy stocks and get taxed again once you sell. Want to invest over 300k on the stock market, how do I achieve this?

@empressjane-zv4gq 3 ай бұрын

If you're not who understands strategies to invest, just invest through an advisor, making good profits, avoiding taxes.

@RosesKate-dl9fp 3 ай бұрын

Having an investment adv-iser is the best way to go about the stock market right now, I've been in touch with a coach for awhile now mostly and I made over $800K within a year

@emilybrown2719 3 ай бұрын

This is probably what I should do. Who is your advisor, please?

@RosesKate-dl9fp 3 ай бұрын

Pamela Kay Regel deserves credit as one of the finest portfolio managers in the industry. Her reputation precedes her, and I highly recommend looking her up to locate her online if you are internet-savvy

@emilybrown2719 3 ай бұрын

Thank you for sharing, I must say, Pamela appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call

@robertthurmond8161 10 ай бұрын

Fortunately, I had a college economics teacher that taught me a lesson at 18. That lesson was: for every huge, frivoluos purchase you make, you need to have an investment double it's worth, this doesn't necessarily mean you should always invest when you make a purchase, it simply means living within your means. Varied sources of income is wise and especially like i said, living within your means. Whenever you're about to make a huge, dumb purchase that doesn't add value think about taxes and how you get your income. I made $272k combined net last year and paid no Federal taxes.

@donaldlocher2537 10 ай бұрын

Right there with you. I'm retiring early, no debt. Kids are taken care of. Building my dream home on 11 acres, looking over the river valley. there are loads of ways to make a killing right now, but such high-volume near impeccable trades can only be carried out by real-time experts.

@serenewhopperman2924 10 ай бұрын

@@donaldlocher2537 Inflation is over 10% here in the UK, but as we know it's definitely way more than the Government would like to admit. My plan is to earn more passive income and ride this out, can your Investment-adviser assist?

@donaldlocher2537 10 ай бұрын

@serenewhopperman2924 Sure, the Investment advisor that guides me is “James Fletcher Brennan” and he's renowned and has quite a following. So it shouldn't be a hassle finding him. Just look him up.

@robinsonbaker1963 10 ай бұрын

@@donaldlocher2537 There are a lot of strategies to make tongue-wetting profit especially in this down market, but such sophisticated trades can only be carried out by proper market experts...

@stephmeldrich6765 10 ай бұрын

@@donaldlocher2537 he really seems to know his stuff. I found his website, read through his resume, educational background, qualifications and it was really impressive. he is a fiduciary who will act in my best interest. So, I booked a session with him

@Tomtownsend485 Жыл бұрын

Just what I needed to watch. My wife and I are directors of our farm business and own property, plus small pensions. I am nearly 55, my wife is 52. We have started to save to retire from the farm, and possibly live on rental income, I'd really appreciate you go LIVE and talk about how to earn passive income online and retire comfortably, let’s say $1M.

@andrewchandler0 Жыл бұрын

Find stocks with market-beating yields and shares that at least keep pace with the market for a long term. For a successful long-term strategy I recommend you seek the guidance a broker or financial advisor.

@robertosaviano215 Жыл бұрын

Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.

@elliot985 Жыл бұрын

@@robertosaviano215 Please can you leave the info of your investment advisor here? I’m in dire need for one.

@robertosaviano215 Жыл бұрын

@@elliot985 You can do your research and be on the lookout for one with intelligent strategies who'll help your portfolio maintain an unwavering and a progressive growth. Isabel Cecilia Ramsey is my FA. She has the Flexibility & Expertise to Meet Your Needs. Verify her yourself

@Zanrowe795 Жыл бұрын

@@robertosaviano215 I just looked up Isabel online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals and scheduled a call.

@eljuancho2 6 жыл бұрын

Thank you very much! you are the best robert! im 28 years old income 25k gross a year,living in brooklyn,i have 14 years paying rent and working minimum wage,because i did not know what i wanted,i did not had a mentor,i bought your book,the first book i have read,and now i bought your books and james rockards books,also think and grow rich,the warran buffet way book,you opened my eyes robert,now im looking for a better job,breking my mind to do my own business,is just fantastic what you have taught me,i still can't believe how i feel,thank you!

@gmccambry5963 6 жыл бұрын

eljuancho2 welcome brother

@allentrost8464 6 жыл бұрын

eljuancho2 I can help you create a monthly income . Contact me . Let's work together for a better life for you

@eljuancho2 6 жыл бұрын

GmC CAMBRY how we get in contact? My email is reggeajuan@yahoo.com

@bbb_888 6 жыл бұрын

There's a guy named John Shin who made a movie based on the book Think & Grow Rich!!!! Watch it if you get the chance =)

@allentrost8464 6 жыл бұрын

bbb888 is it any good to watch??

@ballistic2513 3 жыл бұрын

He: Your child is your liability. Me: *Sells my kid*

@ijustwant2die 3 жыл бұрын

WTF

@hdndhjdhdh1404 3 жыл бұрын

Rent him out

@anishavincent4963 3 жыл бұрын

Stonks

@ballistic2513 3 жыл бұрын

@@hdndhjdhdh1404 no one would take him bro

@tedcassie7728 3 жыл бұрын

Turns to an asset, sell for a subscription fee

@realmckkadesh8060 6 ай бұрын

Greatest business mentor ever to me he is soo underrated get it going grandpa👌👌

@Curbalnk 3 ай бұрын

I have $800k in a high yield savings account, yes I’m making gains but to what extent with inflation eating away at the dollar? Am I better off investing in the stock market or buying a house?

@greekbarrios 3 ай бұрын

The choice between real estate and stocks depends on your time horizon and risk tolerance. Stocks offer dividends and long-term growth, while a house provide fixed assets returns. Consulting a fiduciary advisor is wise for a tailored financial plan. from personal experience, my portfolio has grown to $1.3M, a 25% increase from last year, with robust diversification and inflation hedging

@blaquopaque 3 ай бұрын

great gains there! mind sharing details of your advisor pleas? i've started gaining more cash flow with my employment and looking at putting money into stocks and alternative assets that can help build wealth over time

@greekbarrios 3 ай бұрын

Heather Ann Christensen is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment

@v.a.infinity7609 3 ай бұрын

You mentioned our fico score isn't as important. Is there 5he4e a way to get a loan without a job and low fico score? I have a business that I'm building. I just don't have enough in my business to cover 3xpenses yet.

@raheemwork1365 3 ай бұрын

Gold never depreciates , it’s better to buy something that is always a need in terms of an asset in areas where it’s most needed.

@Morninglux 4 жыл бұрын

The people who came and watched this ARE NOT AVERAGE PEOPLE, They’re gaining assets by watching this.

@briannguyen2399 4 жыл бұрын

I love your thought

@Morninglux 4 жыл бұрын

Phú Nguyễn thank you

@manisshthakur621 4 жыл бұрын

Positive thought

@jamestapales7889 4 жыл бұрын

absolutely

@investinggoals1987 4 жыл бұрын

Awesome thought

@sophiajacob4480 2 жыл бұрын

Success is dependent on the actions or steps you take to achieve it. Show me a man who doesn't have an investment, and i will tell you how soon he will go broke. Investment is building a safe heaven for the future. With the right choice of Investment that has at least 1% minimum risk and with an expert guidance, profit and Intrest is 100% guaranteed.

@--M--1111 Жыл бұрын

K well it's different for everyone. Success means different things to different people. We are all mortal and anything can happen. No one cares in the end of your success or will be by your side on your death bed saying ''wow look at what he accomplished'' most will be focused on what made them happy during their lifetime.

@donovanbrown7993 Жыл бұрын

@@--M--1111 you must be broke😂😂😂 The lady was simply dropping some jewels on people who want to be financially successful. There was no need for your comment. And believe me, when we die it will be vital to leave an inheritance to our family, instead of being selfish and only thinking of our own happiness. Why did you click on this video anyway if you’re not talking about financial stability. Take those “making people feel happy” comments to a dr. Phil video.😂😂

@baba622 Жыл бұрын

Aight bro

@itsRiju Жыл бұрын

@@--M--1111 you are absolutely right. We can't set a parameter of happiness applicable for all. For most of them yes its applicable for not for all . Because you may have understood the money but not your life. I will give an example. I do daily meditation and Yoga and my life's aim to seek enlightenment eventually and i am persuing it with all my focus and intensity. And i have a job in a Software company. I have two kids. So I have created a plan. I am saving some money for my kids. Once they are self dependent i will leave for heigher practice and submit myself towards it. I will have no money but an internal peace. Probably this is what I was seeking my life. People do not understand a bit about how this Cosmos and life works. We are in a cycle of birth death and rebirth. And we are repeating ourselves. Enlightenment is a way to break this cycle and merging to the consciousness.

@venus170 Жыл бұрын

@@donovanbrown7993 you're so stupid and a shame on humanity, he's saying his/her opinion, and not cause he/she is here in this video means that they agree with it, he might be doing a research on how to make money, but he was talking about being happy, and yes when your ass go to grave, with no family, no kids then yeah! What did you accomplish! And the point is be happy, it has nothing to do with being rich or not! The comment we're all in is actually shit, saying show me a man with no investment! So stupid, too many people have nothing and can't afford anything regardless of what this video say, he was able to take a loan and buy a condo, some people can't even take a loan! So give yourself a kick in the ass and gtfo

@lauraclover1547 Жыл бұрын

I appreciate your approach to teaching.. To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough, we just need to hold onto our hopes and wait to see how things turn out because market movements are almost always unpredictable. In my portfolio, I'm noticing more red than green. How are other people in this market raking in over $350k gains within months

@purplebliss6875 Жыл бұрын

While there’s more pain to come, investors should look for stocks like Royal Philips NV and Alstom SA that have been beaten down enough that they’re a bargain or get a good portflio manager

@arthurworld9768 Жыл бұрын

I agree, I've been in constant touch with a Investment advisor for approximately 17 months. These days, it's really easy to buy into trending stocks, but the task is determining when to sell or hold. That's where my advisor comes in, to help me with entry and exit points , I've accrued over $337k from an initially stagnant reserve of $148K all within 18 months

@rebeccaartgallary Жыл бұрын

I need a guide so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor?

@arthurworld9768 Жыл бұрын

@@rebeccaartgallary My consultant is Deanna Lynn Renfro, She has since provide entry and exit points on the securities I focus on. You can look her up online if you care supervision. I basically follow her trade pattern and haven’t regretted doing so

@rebeccaartgallary Жыл бұрын

This recommendation literally came at the right time, I dipped by $16k in stocks last week alone. Its crazy! I just looked up Deanna online and researched her accreditation. She seem very proficient & I wrote her detailing my Fin-market goals.

@michealwrubell4302 Жыл бұрын

Everyone has been preaching "buy now, stocks are at a discount" but I've been buying stocks at a discount since the beginning of the year and yet the cycle continues with more losses, I know the idea is to hold long term but God I could really give anything to see some growth happen to my portfolio.

@Walter_hill_ Жыл бұрын

There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.

@lipglosskitten2610 Жыл бұрын

Thats true, I've been getting assisted by a coach for almost a year now, I started out with less than $120K and I'm just $19,000 short of half a million in profit.

@lipglosskitten2610 Жыл бұрын

@Dan Brooks Big Credits to 'Christine Jane Mcleanshe has a web presence, so you can simply search for, there are some others but it might be difficult to get them, but Christine as been a good guide through the year.

@ambrosefegan8283 Жыл бұрын

I recommend doing call options. But do your research first

@ismailfaturrohman1909 Жыл бұрын

that's why the main key to investing is "knowing what you buying"

@CV-nn7jj 2 жыл бұрын

My favorite part in Rich Dad poor dad was when Rob wanted to buy a Porsche and Kim told him to buy a rental property to pay for the Porsche. The point is that you keep the House AND the Porsche. If you straight up buy the Porsche, you don't get the house. A friend of mine recently received an inheritance from her mother, a house that is completely paid off in Arizona worth around $300k. She sold the house and bought a car. What did she do wrong? She could have kept both the house AND the car had she just rented out the house. Now she lost the house and only has the car and she's still broke.

@afrosamuri05 Жыл бұрын

Not only still broke she is still stupid my guess.

@queeniechan3775 10 ай бұрын

Well illustrated !

@imadeyoureadthis1500 5 ай бұрын

Wow what a fool

@No_One1_Special 3 ай бұрын

I always appreciate someone bringing a different angle in their explanations of Robert's principles. Yours are good ones.

@sandeeparambam6401 3 жыл бұрын

This 14 minutes video has taught me the biggest life lesson that almost 15 years of education hasn't taught.

@Yesux 3 жыл бұрын

Went to a classroom for fiance and business and all it thought me that school is bullshit and makes you a money slave " make money work and spend your money wisely" not how to invest real estate

@Yesux 3 жыл бұрын

And by the time I'm 65 am broke

@jcee6886 3 жыл бұрын

@@Yesux fiance and business? Not a good mix I'd wager.

@JohnDoe-fs6lz 3 жыл бұрын

Fact

@chrisbuckley5292 3 жыл бұрын

Whats that? Never wipe back to front?

@dzmissile189 3 ай бұрын

Thank Robert, Im currently reading your book rich dad poor dad, and I really appreciate what I’m learning, I just wished I learned this much earlier on in my teens at least, I’m currently 34, married and currently unemployed because of a layoff … I’m currently watching all your videos and working on to buy all your books… I don’t want to work for anyone but instead work for my family instead, God willing I can meet you someday… thank you again Master Robert

@shaileshmalushte1999 7 ай бұрын

Financial Literacy just made simpler. The backbone of getting rich is maintaining cash flow. Thank you Sir.

@YvngBSuma101 4 ай бұрын

A house is a liability when you living in it, and a house is an asset when you are using it to make money like renting it out for cash flow in - Thank you Mr Robert for sharing this important knowledge

@b.s.r.i.n.i.v.a.s 3 ай бұрын

Then where are you living, I mean where we live is either rented or owned.

@waseemahmed6585 11 күн бұрын

@@b.s.r.i.n.i.v.a.s😂😂😂😂 true

@Paidnful 4 жыл бұрын

I'm going to break this down real quick and I hope it helps. At 6:23 He clearly gives an example at the age of 25 how he turned a Liabilty into an Asset, so to speak. He used a credit card (LIABILITY) to purchase an apartment (ASSET) and cash flowed at $25 (PASSIVE INCOME). Cash flow=cash earned after paying all expenses. I see multiple benifits out of this scenario. 1) Leveraged his personal credit to obtain debt, a credit card, which means he used other people's money and didnt have to tie up his own cash. Additionally, credit cards are much easier and quicker to obtain versus acquiring a mortgage. 2) Utilization of someone elses money, Credit Card (LIABILITY), to purchase an INCOME DRIVEN ASSET which covered all operating expenses for the apartment, including repayment of the credit card, once the rent was paid by the renter, and left him with $25 that he did not have to get up and actively work for. 3) His FICO score had to go up for paying back on the card, thus opening the door to more opportunity to acquire larger lines in the future. 5) The Apartment (ASSET) acquisition immediately increased his networth (WEALTH) at the same time. 4) Holding of the ASSET long enough, or buying right coming in the gate will allow cash (EQUITY) to be pulled out of the asset either immediately or when it appreciates. 5) Sell the asset when its crazy over valued like in 2008 and now in 2019 and walk away with a HUGE PROFIT, 1031 exchange it and increase your passive income and wealth without paying tax on the gain all while using a credit card 💳 (LIABILITY/DEBT). Rinse and Repeat over time to build a massive rental asset portfolio. Then come back to look at this video and shake your head at all of the people who didn't take advantage of all this opportunist information. Most people will apply for a credit card and use that liability to cover another liabilty. It's all a mindset 🧠. Choose what side of the fence you want to be on simple as that. ✌🏼

@eyugebeta9905 Жыл бұрын

Thank you so much for the details...!!

@JaykeTurner Жыл бұрын

Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

@ArthurLedgeeer Жыл бұрын

Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment

@RebeccaLee-ks4cq Жыл бұрын

Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.

@AlexanderTurke Жыл бұрын

Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $3million in that time frame.

@RebeccaBellick Жыл бұрын

@@AlexanderTurke Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my stock portfolio and plan my retirement

@AlexanderTurke Жыл бұрын

@@RebeccaBellick The adviser I'm in touch with is 'HEATHER ANN CHRISTENSEN, he works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me his strategy works therefore my result. he provides entry and exit point for the securities I focus on.

@helloabs2134 5 ай бұрын

This is the best video of this guy that is comprehensive and good to watch, not to talk about the melodramatic videos he presently appears in.

@manishgoatfarm8341 4 жыл бұрын

Watching videos after videos and not taking steps is a liability

@renaltatarigan9336 4 жыл бұрын

wow, I really hate myself for that

@arshvirsingh7284 4 жыл бұрын

🔥🔥🔥🔥🔥🤣🤣🤣🤣🤣🤣

@countryballs2005 4 жыл бұрын

@@williamou3005 invest in yourself, that's an investment aswell

@ceasersamv4587 4 жыл бұрын

@@countryballs2005 preach, that's what im doing right now

@JohnTalksAi 4 жыл бұрын

That's a great line! By the way check out his Rich Dad Poor Dad summary version here to help you understand it kzbin.info/www/bejne/rJi4q5irhc-Vn9k

@a.b.3666 4 жыл бұрын

Your children might be your liabilty at first, but when you grow old, they become your assets and you become their liability.

@linajiff647 4 жыл бұрын

that's nothing to be proud of, it's shameful

@linajiff647 4 жыл бұрын

people shouldn't be assets, you're a user

@switchjim 4 жыл бұрын

You can tell yourself that, and maybe it will be true for you, years from now, but I think the implication of this video is that the safer bet is to rent out your children today, so that they become an asset in your life.

@seanrivaille6944 4 жыл бұрын

people need to get off the edge of their seats and realize this is a joke with a dark humor.

@craigstephenson7676 4 жыл бұрын

That's what I call *Long-Time Investing*

@bishop198666 6 жыл бұрын

30yr old here...going to buy my second house to rent it out this year..im on my way to multi income cash flow

@bishop198666 5 жыл бұрын

Mexi Short considering i wrote that post a month ago im still learning and educating myself... do you have any positive worth while advice for me? Or did you just want to be a smart ass?

@chrisdlc281 5 жыл бұрын

bishop198666 I'm doing the same thing bro, keep buying house and if you can (A pompstation). Learn Forex trading. Do network marketing. Invest in real estate.

@KingsCrossVIP 5 жыл бұрын

Hey you should watch Grant Cardone youtube re buying real estate he is amazing. I highly recommend :)

@dipbar1824 5 жыл бұрын

good job friend!

@KevsUploads 5 жыл бұрын

👌🏽

@adarshfaridkhan3361 5 жыл бұрын

In his book Rich Dad Poor Dad. He wrote about his rich Dad that " I m rich because I've you, kids... Poor dad said I m poor because I've you. kids. So it's about your mentality how you see your kids assets or liability. Now I like his rich dad personality but here I disagree with Robert on having a family as liability. Money is good thing but it's not everything. There is a lot of things money can't buy and you all already knew it.

@kingpin5837 5 жыл бұрын

adarshfareed khan agree

@chris79882 5 жыл бұрын

money is everything in capitalism sociaty . Look at the homeless people they dont have family,they dont have wife ,husband,kids and nobody want to marry with them.But lets say if they get 1 million dollars right now. guess what?many people man or woman will want to marry with them,especially people who have finacial struggle or poor people.money can buy everything even a family .we dont say family is liability because of humanity not because of fact. but when your parents get older and kids grow up that spend much money that definitely is liability .its a fact.

@kenonocturn 4 жыл бұрын

Money isn’t everything yes, but that had nothing to do with his point. He was simply stating what makes money to go out of your pocket versus what makes cash flow in, that’s it.

@novalispentamuse4444 4 жыл бұрын

It is everything . Money control your mentality -mentality control your mind -mind control your steps -steps adn decision control your life. So if y use mathematic standard if a+b=c and c=d + f The equation is a+b=d+f A for steps b for iq = c for money . Money for=life+mentality Than learn to make money also make you to learn about your self. Money is mentality control.

@xic777 4 жыл бұрын

if you don't invest into your kids they become a liability or even worse burn down your house or kill you

@JamesAkubi-rn4fx 5 ай бұрын

The best educator Robert. I am really inspired. Thank you

@forest2344 Жыл бұрын

After a horrendous 2022, shell-stunned financial backers have misfortunes to recover and a lot to consider, as an expansion report and a pile of different information did close to nothing to change assumptions that the Central bank would probably keep climbing interest rates regardless of whether the economy dials back, And that implies more red ink for portfolios for the principal quarter of year 2023. How might I benefit from the ongoing unstable market, I'm currently at a junction choosing if to exchange my $250k security/stock portfolio.

@yolanderiche7476 Жыл бұрын

Centre around two key targets. In the first place, remain safeguarded by realising when to offer stocks to cut misfortunes and catch benefits. Second, get ready to benefit when the market turns around. I suggest you look for the direction a representative or monetary consultant.

@edelineguillet2121 Жыл бұрын

@@yolanderiche7476 In-fact, ever since coronavirus I've been in regular conversation with financial examiners. Nowadays, buying moving stocks is quite easy; the trick is knowing when to buy and when to sell. The section and leave orders for my portfolio are made by my counsel. accumulated more than $550,000 from a $150,000 savings that was initially stale.

@valeriepierre9778 Жыл бұрын

@@edelineguillet2121 Can you leave in details about your investment advisor here? I’m in dire need for one.

@edelineguillet2121 Жыл бұрын

@@valeriepierre9778 She is "Stacey Lee Decker", my consultant. Since then, she has devoted section and leave attention to safeguards that I have been keeping an eye out for. You can locate information about the chief online, on the off chance that you're interested. I made no regrets about substantially adhering to their exchange strategy.

@belobelonce35 Жыл бұрын

@@edelineguillet2121 Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

@AJBey-qo2rx 5 жыл бұрын

“A criminals best asset is his lie-ability.”

@danielsonnecklacedon659 5 жыл бұрын

HAHAA! -goose from family guy

@jr3684 5 жыл бұрын

😂😂😂

@pramit7745 5 жыл бұрын

Poor guy,😣

@mikem.5104 5 жыл бұрын

Damn thats gold doggie

@AJBey-qo2rx 5 жыл бұрын

Mike M. More I was thinking more along the lines of palladium...

@WaterWheel360 5 жыл бұрын

"I am with my best friend's daughter" I have seen that movie before

@rimaz1242 5 жыл бұрын

I've seen that movie too lol 😂😂😂

@WaterWheel360 5 жыл бұрын

I love her nod at the beginning. Makes it even more sexual

@marstotalchaos4735 5 жыл бұрын

Not his liability. Smart

@jdengsky 5 жыл бұрын

Which movie? I need to watch

@h.hristov 4 жыл бұрын

@@jdengsky How old are you lol

@alexyoung3126 Жыл бұрын

Heard someone say the best season for a financial breakthrough is now, especially with inflation running at a four-decade high. I have approximately $750k stagnant in my portfolio that needs growth. What is the best way to take advantage of this downturn?

@erichkraetz2622 Жыл бұрын

It's far too easy for investors to lose perspective whenever something big goes wrong, the markets recovered from corona virus, 2008 crisis, the dotcom crash, even the Great Depression. So they'll probably get through whatever comes next as well.

@joesphcu8975 Жыл бұрын

As an elder millennial, one of the few advantages is having lived through the Great Recession. My advice. Reduce unnecessary expenses, increase your savings by investing in financial markets and do not sell. One thing I know for sure is that diversifying your income can help insulate you from much of the craziness going on in the world.

@lawerencemiller9720 Жыл бұрын

I started investing in 2020 during the covid pandemic and that same year I pulled a profit of about[$170,000] with no prior investing experience, basically all I was doing was seeking guidance from a financial-advisor, so you don't necessarily need to be a perfect investor, just have a professional assist you

@stephaniestella213 Жыл бұрын

@@lawerencemiller9720 How can one find a resourceful FA, I buy the idea of employing their services, its a shame market crashes as of late have become a sort of habit for stocks

@lawerencemiller9720 Жыл бұрын

@@stephaniestella213 My advisor is 'Eileen Ruth Sparks'' In terms of portfolio diversity, she's a genius. You can glance her name up on the internet and verify her yourself. she has years of financial market experience.

@thembisilemathibela9758 4 ай бұрын

Mr Robert, thank you. For what you do, you are literally doing the most. Thank you for the warm welcome to the rich dad community.❤

@milaoleynik5860 4 жыл бұрын

Life is a game, cash flow is the name 😄

@subscribetomyyoutubechanne1543 4 жыл бұрын

😂😂😂

@igganrajkolii9453 4 жыл бұрын

So life is cash flow

@beautifulforever503 3 жыл бұрын

Nice

@vanessawatson6204 3 жыл бұрын

Since I started investing it has been smooth and no complain. But I still see people complaining that they have been scammed in one way or the other. I wonder why, Investing in binary trading has been so profitable to me. So I think I should introduce my Manager Mr martins l to you if you're interested. He has being a honest manager all through and I am still investing with him till today. Invest with the right manager and there will be no more scam, i promise you that. You can contact him on this (mratinswilliam@gmail.com) you can earn up to $8000 in daily from home through investment in forex and Binary option trade

@vcostco 3 жыл бұрын

Money isn't value, it's a promisary note, a representation of value (it says it on the back lol ). Real value comes from a scarcity of resources b... Supply n da land... Lol water toooo now ✅😊🙏

@anshuljain2402 4 жыл бұрын

Hello Robert, I have just started following you and hope I could learn most of what you are providing. Don't know how this knowledge will fit the Indian market and liabilities. But definitely, I would be following you to expand my IT business. So I have learned from this video ---dividing whatever I have into 6 parts and they are: income, expenses, assets, liabilities and CASH FLOW. Thanks for this knowledge.

@bergomymarcelin4218 4 жыл бұрын

Anshul Jain hi girl, I want to learn in yr hand about the business.pls

@billolsen4360 Жыл бұрын

You're a phony person set up by Kiyosaki, that's all you are.

@festusshedrack4852 Жыл бұрын

The rich stays rich by spending like the poor and investing without stopping then the poor stays poor by spending like the rich yet not investing like the rich

@Faraday096 Жыл бұрын

When it comes to the world of investing, most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance

@whatyousay5736 Жыл бұрын

wow I am just shocked someone mentioned expert Mrs Maureen I thought I'm the only one trading with her

@workinginpain Жыл бұрын

when you invest with genius woman like Mrs Maureen you don't have any other choice then to keep winning, her Trading strategies are very productive and reliable. I made quite a huge profit last week all thanks to her

@newraod Жыл бұрын

yes I'm also a living testimony of expert Mrs Maureen Mrs Maureen has changed my financial status for the best. All thanks to my aunty who introduced her to me

@babarozay Жыл бұрын

will forever be indebted to you😇 you have changed my whole life i will continue to preach about your name for the world to her you have saved me from a huge financial debt with just little investment thanks so much Mrs Maureen

@mohammadabukhalaf1780 4 ай бұрын

a great man i should say, you gave a summary of life in 10 minutes with all the pumps in it

@mkc0321 6 жыл бұрын

if only i read your 'The Rich Dad Poor Dad' book 10 years ago I would have not been in this rat race now..better late than never , i learned so much from you, hope I can get out of the rat race soon, u r doing a great job, thanks

@allentrost8464 6 жыл бұрын

Murlikrishna Chippa I can help you out of the rat race. Contact me

@tazminkhan533 6 жыл бұрын

Murlikrishna Chippa let’s connect my instagram is Tazmin.khan

@HANG_IN_THERE_BABY2024 5 жыл бұрын

Hello a little help here.....don’t like the rat race at all

@HANG_IN_THERE_BABY2024 5 жыл бұрын

Allen Trost what do you do for a living? Please advise

@HANG_IN_THERE_BABY2024 5 жыл бұрын

Tazmin Khan what do you do for a living? Please advise

@simonbad Жыл бұрын

I'm holding my stock and no "breaking news" FUD will get me to sell. We are an army and all have diamond hands. I'm sick of the market manipulation by the hedge funds and whales. It's past due time to teach those greedy b's a lesson.

@AstaKristjan Жыл бұрын

Most people seek instant gratification, which usually doesn't go well. so set goals 1-2 years out instead months out, and you are likely to be much more satisfied with the results.

@Erinmills98 Жыл бұрын

@@AstaKristjan I always FUD at every little dip until a friend at fidelity investments recommended coach KATHLEEN YANELLI CAROLE who managed my bag very well to over 15%.

@LarsBergstrom-uh2eu Жыл бұрын

@@Erinmills98 This is really impressive, who is this person and how can they be reached?

@Erinmills98 Жыл бұрын

@@LarsBergstrom-uh2eu Just go check her on the web, there really nothing much for me to say here.

@lydiareyes8989 Жыл бұрын

now in the twilight of my years, I experience increasing cash outflow because of only measly social pensions with increasing food, utility and medical expenses. early in life, I set and controlled my monthly expenses, rewarding myself minimally for additional income from working hard in my solo staff biz. And invested the surplus mostly in government bonds. I do not believe in life insurance, I tried in stock markets only to lose as a casual retail investor. I could have been better off by acquiring real estate but financial constraints of low cash position stopped me. I am in many ways like what Mr. K is saying in this video. I THANK MR. K FOR HIS VERY TRUTHFUL AND INFORMATIVE VIDEO.

@JamesAkubi-rn4fx 5 ай бұрын

Perfect explanation and presentation. I love it all. I am also following your directions. Thanks Rob

@RheaJohnmark 4 ай бұрын

Sorry for bumping…..but Are you interested on how to really achieve financial freedom I’m just saying because I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence she helped a lot to grow my reserve notwithstanding inflation, from $275k to approx $850k

@2343214234 4 ай бұрын

Such a Gem of a video. I think one thing Robert didn’t make clear is that liability’s are not bad always SO long as you have the cash flow to have them. If you focus on having more assets then liability’s you are off to a great start. Having a kid, taking care of your loved ones is great so long as you have the cash flow to do so. If the house you want to live in is 3 grand Morgage that’s great, so long as you have the assets to provide the cash flow to do it.

@ProudTurkroach 19 күн бұрын

Debt doesn't cause a problem untill you have money to pay the next installment - US federal reserve

@damarowwilliams7473 6 жыл бұрын

The way he describes kids cracks me up! lol " two legged liabilities" His perspectives are always intriguing.

@Bless-the-Name 4 жыл бұрын

Vampires.

@darrenwoolley5094 Жыл бұрын

Apt and insightful video. Let me add that I moved to a relatively low value housing area because of tax from Farragut, TN, to North Dakota. Reduced my spending and adopted a good dieting. Saved 30% of my income and made a down payment for a house, put a few rooms on rent and the rest of the work was done by my FA. I didn’t achieve it faster because it takes time to perfect, I’ve grown a nest egg of over $450k in almost a year, even as the economy worsens; This can only be achieved by setting goals and of course working with the right FA. A lot may disagree on an FA because of their charges but I always say the work of an FA is so underrated and it’s more than just making sure you make profit. As long as you get your profits based on agreements, an experienced FA who’s been in the market for years will not care about Milking you. Considering how the global economic market has slowed, FAs do a hard-high tasked job to protect and offer financial benefits that a regular investor will not know of. For a year and the half now, I’ve invested with a financial company that invests on pharmaceuticals and cannabis stocks to cover up for the slowed growth of their bonds (pharmaceuticals and cannabis), crypto (yes, crypto!) and sp500 investments.

@geraldt331 6 ай бұрын

With inflation running at a four-decade high, a Recession is now the ‘most likely outcome for the economy. How can I grow my portfolio to outpace inflation and maintain a successful long-term strategy? I have been reading of investors making about $250k profit in this current crashing market, and I need ideas on how to achieve similar profits.

@codeblue11 6 ай бұрын

You’re right! The current market might give opportunities to maximize profi.t, but in order to execute such effective transactions, you must be a skilled practitioner.

@JamesScott433 6 ай бұрын

On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my personal port-folio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my port-folio this red season. I’ve made over $150k since then.

@JamesScott433 6 ай бұрын

credits to LEILA SIMOES PINTO, one of the best portfolio manager;s out there. she;s well known, you should look her up

@lucaswilliams9992 6 ай бұрын

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

@andrewbaccola5188 6 жыл бұрын

I'm going to tell my wife tonight that we are going to rent the house and the hole family live under the bridge. I like the cash flow idea.

@bishop198666 6 жыл бұрын

you can come rent my place, no need to stay under the bridge...

@nemeanlioness 6 жыл бұрын

Good plan. Me like

@gabriela0518 6 жыл бұрын

LMAAOO

@acmx12 5 жыл бұрын

Maybe cause I watch too much areested development, but is your last name Hole? Either way i laughed too hard if it wasnt lol

@94nolo 5 жыл бұрын

Atta boy Andrew

@irenekorie49 11 ай бұрын

*Considering the economic downfall and the rise in poverty across the globe. I ask; What’s the best way to achieve financial freedom?*

@irenekorie49 11 ай бұрын

If I could ask; who’s your financial Adviser and how do I gain more info?

@tomasfrederico576 11 ай бұрын

It's hard to trust someone with money or get a financial advisor who can help you plan, invest, and manage your investments for the best results. Working with Donald Nathan Scott, I realized that good people do exist.

@Ahmedabdullahimohamud788 11 ай бұрын

Learning and investment financial markets

@Pau0393 10 ай бұрын

Invest

@zackfxtrader9084 10 ай бұрын

To know the difference between Asset and liability ❤

@RichardBayer Жыл бұрын

To young investors, if you want to have more income you need to spend less of it and invest more of it. I'd say most of these "get rich quick" people actually want to spend more money and save less...

@Karagoldberg7 Жыл бұрын

I am new to this investment of a thing. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed on all the stock opportunities so far for the tech stocks.I believe having 125K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and loosing all the good opportunities.

@Karagoldberg7 Жыл бұрын

@Robert Cooper i've been quite on my research but most suggestions was to get a coach ,do you think that's a good idea ?

@williamsbrown4026 Жыл бұрын

@Robert Cooper that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you.

@Karagoldberg7 Жыл бұрын

@Robert Cooper I just looked her up on the web and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals and scheduled an appointment

@Karagoldberg7 Жыл бұрын

You can only get in contact with her through her website recommended online in web search not on whatApp

@ahmadaziz5452 Жыл бұрын

I'M NEW TO BTC AND I'VE BEEN MAKING LOSSES TRYING TO MAKE PROFIT MYSELF IN TRADING...I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET... CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?

@markfreund8904 Жыл бұрын

Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade

@Calvin_anderson Жыл бұрын

I will advice you should stop trading on your own if you keep losing

@Calvin_anderson Жыл бұрын

And start trading with Mrs Cassandra Roberts trading services

@Calvin_anderson Жыл бұрын

She is a crypto prodigy and has handled my trade for over 6 months now

@justinhudson6561 Жыл бұрын

@@Calvin_anderson Wow I'm just shock you mentioned and recommended Expert Mrs Cassandra Roberts I thought I'm the only trading with her

@nikolajroi1481 Жыл бұрын

I have to say I agree with most of what I read in "Rich Dad Poor Dad". BUT I used to rent an apartment for 1,000 dollars a month, and when I got the money to buy an apartment I did. This saved me 700 dollars a month, which meant I could place that into stocks. Furthermore, it appreciated in value (quite a lot), which further meant, that I could get better loans and put that money into stocks. Now stocks won't always appreciate in value as seen in the last 6 months, but in the long run it still meant that I could continuously put money into stocks whether or not in increased or decreased in value, which I believe is more important as time beats timing. I get that I still "lose" money for my living costs, but I couldn't save that money unless I lived in the streets, which I don't believe is the right way to save or become financially stable/independent. I think buying a house is a good idea AS LONG as you're saving money compared to your current situation. I believe there is a middle ground where you have a stable job providing you money while not increasing your expenses is the way to go until you have enough saved up to just live on your investments, which I don't believe "Rich Dad Poor Dad" has enough emphasis on. Money saved isn't equal to money earned unless you invest the money saved. Just a few thoughts as not everyone can start buying assets as soon as they turn 18.

@PrashantKumar-hf2je 4 жыл бұрын

You are truly a generous man. Nobody teaches financial education. You are doing great work.

@bulayGtv 4 жыл бұрын

Who reads comments and still listens to the convo? Like this

@SBSBookkeeping 8 ай бұрын

TLDR: The key idea of the video is that understanding and managing cash flow, as well as recognizing the difference between assets and liabilities, is crucial for financial success. 1. 00:00 🏠 A house is not always an asset, but can be converted into one depending on how it is used, according to Robert Kiyosaki in his discussion on financial education and literacy. 1.1 Robert Kiyosaki discusses the misconception that a house is an asset and explains that it can be converted into an asset depending on how it is utilized. 1.2 Financial education and literacy start with understanding the six basic words: income, expense, asset, liability, FICO score, and borrowing money. 2. 02:04 💰 The secret to being rich is not a college education, but the ability to control cash flow by managing income, expenses, assets, and liabilities. 3. 03:13 💰 Your personal residence is not an asset because it takes money from your pocket, while an investment property that generates cash flow is considered an asset. 4. 04:56 💰 Focus on cash flow when making financial decisions, as assets put money into your pocket while liabilities take money out of your pocket. 4.1 Financial intelligence is the ability to control cash flow, and buying a car is a liability unless it generates cash flow, as demonstrated by the example of NFL players who go broke because they can't control their cash flow. 4.2 Assets put money into your pocket, liabilities take money out of your pocket, so focus on cash flow when making financial decisions. 5. 07:36 💰 Kids are liabilities as they are expensive and get more expensive every year, and as people get older, family members become liabilities as well due to the high cost of long-term healthcare. 6. 09:01 💡 People often overlook the financial impact of family members, who can become liabilities due to medical expenses and insurance issues, emphasizing the need to view them as both assets and liabilities in financial planning. 6.1 Many people don't realize that their family members can become liabilities, especially as they age, with medical expenses depleting savings and insurance companies canceling coverage, making it important to consider people as both assets and liabilities in terms of financial planning. 6.2 Men who divorced their beautiful wives are now paying a million dollars a year in alimony and child support, which is funding their ex-wives' boyfriends. 7. 11:37 💰 Financial IQ is crucial for managing cash flow and solving problems, like covering expenses and taking care of loved ones who may become liabilities, so it's important to consider the number of liabilities before pursuing personal interests. 7.1 Financial IQ is the ability to control cash flow and solve big problems, such as generating enough cash flow to cover expenses. 7.2 Cash flow is important to take care of loved ones as they become liabilities, and it is necessary to consider the number of liabilities one has before pursuing personal interests. 8. 13:20 💡 Learn and master the concepts of income, expense, asset, liability, and cash flow to gain financial intelligence and control your financial situation.

@carter3294 Жыл бұрын

I came here to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k. Somehow this video has helped shed light on some things, but I'm confused, I'm a newbie and I'm open to ideas.

@Steyne968 Жыл бұрын

I agree , I assumed I had a hang of the market at first, I gained $50k one year and I was super elated, not until I stumbled upon a portfolio-advisr whose been guiding me since the market's been sham after the pandemic, to my utmost surprise I nettd a whooping $280K during this dip, that made it clear there's more to the market that we avg joes don't know

@Steyne968 Жыл бұрын

@Jeremy Walker credits to CASEY ALLEN GRAY, one of the best portfolio manager;s out there. she;s well known, you should look her up

@elvismark5172 Жыл бұрын

Is now a good time to invest in stocks? I know everyone says stocks are cheap, but how long will it take for us to recover?. The fact that others in my field make six figures each piece. Obviously, there are strategies to be used in this market, but these strategies are not available to the average person, so am better off putting my money elsewhere. I am fully aware of the expense of working more to get more money.

@AnthonyHart34 Жыл бұрын

The top experts, however, have access to confidential information and data that is not made available to the broader public. Being knowledgeable enough to use them successfully is quite another. Big returns, not changing stochastics, are the key. Rewards and risks must be balanced. To reach your aim, pick the right size and turn your edge as often as necessary.

@mattandersen2458 Жыл бұрын

you simply lack the expertise to capitalize in a down market. Professionals with extensive expertise who must have witnessed the 2008 crisis are the only ones who may profit significantly during turbulent times like this.

@waynestones Жыл бұрын

@@mattandersen2458 I'm looking for advice on how to rebuild my portfolio and develop more successful methods in light of the steep drops. How can I find this instructor?

@mattandersen2458 Жыл бұрын

@@waynestones I wholeheartedly back financial counsellor Sharon Lee Casey, who holds a US SEC licence. She has been helping me for a long with my portfolio. You may look her up online because she has many reviews.

@oscarjiron6974 Жыл бұрын

@@mattandersen2458 Fascinated to know, Her credentials are undoubtedly excellent, Sharon appears to be very knowledgeable. I discovered her online profile and read through her resume, educational background, and qualifications, which were all very impressive. She is a fiduciary, so I scheduled a session with her.

@rebeccarogan1912 3 жыл бұрын

Thank you for putting together this intelligent and easy to understand series. Many blessings to you for this kindness!

@frederickswann5638 4 жыл бұрын

4:45 - ... bought my first house... apartment, investment property... "I didnt live in it, I rented it out"... If only I had heard, believed and acted upon those words when I bought my first property. OUCH Ouch, well, I just had to learn the hard way ey!! Now I am a Student, Thanks Mr. Kiyosaki!!

@switchjim 4 жыл бұрын

Just being curious, although it is not my business, but I have to wonder ... if you bought your first property and then rented it out, which you did not know to do, thus implying you lived in the first property ... I wonder who it was you would have lived with while renting that "asset", meaning, for whom would you have been a liability while collecting from and maintaining your non personally occupied asset?

@mm-hq4qh 4 жыл бұрын

@@switchjim learn how to read

@switchjim 4 жыл бұрын

@@mm-hq4qh can you be more verbose?

@vladimirgazizov6473 Жыл бұрын

Deymon spend hours each day to ensure that something of value is released into the world that has impact on those with an interest and desire to be a part of this platform.

@phillipjohn2820 Жыл бұрын

this is fascinating, I'm a business man, I have a good sum of money in my savings account, I want to invest 50%. What's the minimum amount one could start up with?

@haroldroger1624 Жыл бұрын

YES!!!! I never believed in real brokers but Mr Sam changed my mindset.

@lyubovmatyushkina2713 Жыл бұрын

There are three (3) classes of investors which Mr Sam Deymon manage their investment portfolios, each stages with their different prices and profits as well.

@lalasgift7487 Жыл бұрын

@@phillipjohn2820 As an amateur trader trading under the guidance of pro trader Mr Sam Deymon, who provided me with the knowledge and strategies I required to make profits for the crypto market.

@realtime6577 Жыл бұрын

@@haroldroger1624 Sam Deymon made over $12k with my $2k start up capital.

@pathway.2.prosperity 5 ай бұрын

this man changed my life and i'm grateful.i now have a better understanding of liabilities.

@prasanjeetchoudhury4052 6 жыл бұрын

Hello Robert and Rich Dad Foundation, I can't thank you enough for the great help you have been offering to people like me (in E and S quadrant currently). I had no idea about investing and was a spendaholic until very recently. But after reading rich dad poor dad, it opened my eyes. Now I am 25; have completed my graduation; working in E quadrant and have an education loan. I aspire to become an Investor and finally be financially free by age of 40. Right now, I am investing in stock market and mutual funds. But I am now in dilemma as to whether pay off my debt completely first rather than focusing on building asset column. Because for that, I need to stop the mutual fund and pay that amount as EMI. Could you please suggest me.

@ashishverma6680 6 жыл бұрын

prasanjeet choudhury Play cashflow game for free on his website and you’ll get the answer

@prasanjeetchoudhury4052 6 жыл бұрын

Hi ashish verma thanks for your respond. Yes I have been playing the cash flow game quite frequently over last few weeks. Over there I prefer to buy real estate and increase my asset column rather than reducing my debt. But in real life, it will take time to study, understand and then invest in real estate. That's why I was asking that is it a good idea to first finish the debts and then go for asset column or should I keep building the assets (continue buying stocks and mutual funds) and just pay minimum emi on my debt for now. In this way the debt will go for longer and I will end up paying much more.

@ashishverma6680 6 жыл бұрын

prasanjeet choudhury I understand what you’re thinking. But you can build other assets than only Real Estate. You can build businesses, invest in stocks, etc. How much time do you think it’ll take to clear debts? If im not wrong most debt takes a lot of time to be cleared. Start thinking out of the box and increasing your income. The problem arises when you say “is it good idea to clear debt first and THEN GO FOR ASSET COLUMN”. Bro, you just limited yourself by saying that I can’t have extra income without a real estate. Generate some extra income in some other way!! Don’t do a job for this extra income. Flip some stuff, do anything!, hustle!! and get the extra monthly cashflow. Save this extra income for a couple months while paying your EMI from your current income. Also, take time (maybe a month or 3 months or 6 months) to find that real estate/business idea/stock investment. Yes bro, you need to struggle and hustle in the start. I work 1 job+my dad’s business+my own business+go to school for masters!! Just for that one dream I have in my mind. So I would suggest pay your EMI. If there is a way to convert your debt into a good debt (google this), do so! If not, keep paying this because unpaid bad DEBT can make you a slave. Make sure you don’t get any extra interest on this debt. Keep it clear. and hustle to generate that extra money also, think out of the box for some idea. Look around you, market, food item, restaurant, anything for that extra income. You got no other option man :) FOCUS ON GENERATING EXTRA CASH for now which can make you good cash reserve, which will then help you to make an asset like a down payment for new Real Estate/new business, etc. How much time it will take to make this cash reserve? depends on your action. If you take action 10times, ... you know where i’m going ;) Good luck man :) You’ve read books, played cashflow, you’re far ahead than a normal average person. You will do fine. Keep learning!

@prasanjeetchoudhury4052 6 жыл бұрын

ashish verma thanks buddy.. Thanks for your suggestion.. I will do this..

@jzk2020 6 жыл бұрын

I suggest you get a job, pay off your debts if they are high interest. Save as much as possible and find something you can invest in that you CONTROL that can make you passive income. You can't control the stock price (unless you are a activist investor). Instead invest into a rental property, or buy a car and have 2 people you know drive it for you 20 hours a day (10 hours each) and generate you some passive $$$. And slowly scale up.

@ghanighani6926 Жыл бұрын

I’m glad I pulled through, despite the crises. I am retiring next yr at 55 with 3 houses paid off worth 4.5 million . One is my place of residence the other 2 properties will give me $80,000per/yr rent . I will have an income stream of $20,000 per yr through my super which gives me total $100,000 a yr to live comfortably . I have no debts ... Stay Motivated!!!

@tahirisaid2693 Жыл бұрын

That is so amazing, I’m trying to get onto the housing ladder at 40. I wish at 55 I will be testifying to similar success...

@ghanighani6926 Жыл бұрын

Credits to ROCHELLE DUNGCA-SCHREIBER, she saw me through the process. You can glance her name up on the internet and verify her yourself. she has years of financial market experience...

@tahirisaid2693 Жыл бұрын

Heard many good recommendations about ROCHELLE DUNGCA-SCHREIBER by some YT channels, Seminars and other platforms.

@tahirisaid2693 Жыл бұрын

Thanks so much I was able to find her page and I already leave her a message.

@georgestone0123 Жыл бұрын

The quickest way to make your first millions is to invest directly with an expert that is trustworthy and has made a name and individual billionaires ... You have done great for yourself. I understand the fact that tomorrow isn't promised to anyone, but investing today is a hard thing to do for me now because I have no idea of how and where to invest in. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.

@talented009 8 ай бұрын

I know it's more beneficial to invest in safe haven assets because profit levels typically drop during these times, but I've been reading news about people who were still able to make large profits of up to $580k during this crash...... what is the most effective strategy at this time?

@Matthewbrandon859 8 ай бұрын

@ThomasHeintz 8 ай бұрын

@DarleneMurphy774 8 ай бұрын

@@ThomasHeintz wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.

@ThomasHeintz 8 ай бұрын

You can do your research and be on the lookout for one with intelligent strategies who'll help your portfolio maintain an unwavering and a progressive growth. Elise Marie Terry is my advisor. She has the Flexibility & Expertise to Meet Your Needs. Verify her yourself

@esther.74 8 ай бұрын

@@ThomasHeintz Thank you for this tip. it was easy to find your investment advisor. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

@android9285 Жыл бұрын

Our school system is a joke and a disgrace. This should be taught in every school. This man is a hero for putting these lessons online.

@kleinyl.3212user Жыл бұрын

He's like Thanos

@paulm4413 Жыл бұрын

You must be ignorant. Money isnt the only passion or game the world is interested in. He might be giving great insights on financial literacy but he is just the same as a priest teaching something that might be a passion of other people (spiritual). Or a professor or educator providing something for the benefit of society. Or maybe somebody passionate about helping sick people. So dont be delusional thinking that the financial game is the highest peak of education everybody should get because it will only create a greedy society.

@deckardp.i.4088 Жыл бұрын

Why would schools do that? They want you dumb and obedient, so you can work all your life and generate their income.

@Bruh8971 Жыл бұрын

nope, if such type of financial literacy is taught in the school then the world is gona become even harder than it is today. No one can be rich if everyone is rich, it will just raise the standard of costs. Now people are living their life in the form of a rat race and a new concept of cash flow exploits that. If everyone understands how to utilize cash flow, we will need a new concept to beat it and escape from the norms. So just be glad that u are one of the people that have seen the video, and try to make the most out of it because other people did not have such opportunity .

@Bruh8971 Жыл бұрын

dont be stupid and destroy such opportunity, make ourselves rich first before such concept cant be utilized anymore.

@kyoung5600 5 жыл бұрын

Too many gold diggers out there, beware, that's a lot of hard earned money wasted for nothing.

@tcycewdaf32 5 жыл бұрын

gold diggers are not even in the chart of 6 magic words. once you have a gold digger, yourself become an income.

@classact9002 5 жыл бұрын

That's Offensive! Do you know how hard it is to dig for Gold!? They're Claim Jumpers...

@leopoldslikkvstamkiu8718 5 жыл бұрын

@@classact9002 Offensive? That's actually shows your ignorance of the reality of society. Gold diggers are having criminal intentions like doing telephone scam or cyber scams as well. They usually like to do is keep abandoned poor and keep stolen rich peoples assets. How can you say offensive? Gold diggers are really dangerous and behaving like a illiterate little girls. Completely uneducated. By the way, are you gold diggers or something?If you're truly are, then you just fuck off and go to hell! 😠😠😠😠😠😠

@leopoldslikkvstamkiu8718 5 жыл бұрын

@K Young Yeah, you're right. Indeed, there are too many female gold diggers out there to keep asking men for money with any different tricks by hanging out with fake manner. If they failed to gold digging, they like to use feminism shit behaviour as an excuses to playing filthy tricks against rich or poor even if you're clever enough to fail gold diggers. Gold diggers don't even go out and find a work and keep doing the bloody awful things to anyone who work serverally hard. It's not just happening in US, Chinese are exactly the same as US where criminals gold diggers are everywhere without even knowing what attitude and behaviour actually is. They like to act hypocritically all the times. For those who are blindly supporting feminism, that means they're ignorant and arrogant.

@leopoldslikkvstamkiu8718 5 жыл бұрын

@@tcycewdaf32 Stop acting silly, gold diggers will demand more and more greedy and misery. They never knew how to contribute to society instead of keep asking men's money. They have abilities to work and why don't they work their own and earn by their own and letting these illiterate imbeciles envade your self esteem as well? In my opinion, I supposed gold diggers shouldn't have appeared in this world and always making things complicated to any hard working dudes. That's not what human being should be!

@UltimateBargains 4 жыл бұрын

This video doesn't explain how to turn a liability into an asset. Once you have the liability, then you're stuck with it until you can dispose of it. At best, the video explains that liabilities should be acquired *only* by first acquiring assets to pay for liabilities.

@santoyo526 4 жыл бұрын

UltimateBargains yes you’re right. I also don’t understand how his rental puts $25 in his pocket.

@UltimateBargains 4 жыл бұрын

@@santoyo526 The rental income paid for the operating expenses and debt service, with $25 left over for his net cash flow each month. This was decades ago when rents were much lower compared to now. The point of his example is to run the numbers before committing to the deal to be sure that you will have sufficient net income to tolerate recessionary pressure on income and expenses to avoid defaulting on the debt.

@a.stewart2641 4 жыл бұрын

@@UltimateBargains yes, and don't forget, you need tenants that will actually pay their rent and not destroy the property.

@UltimateBargains 4 жыл бұрын

@@a.stewart2641 The more risk averse you are, the less income you will receive. Life is all about managing risk, not hiding from it.

@droid2645 4 жыл бұрын

BINGO

@ImranBakshYT Жыл бұрын

Six words - income, expense, asset, liability and cash flow. Genius analysis of these terms with being honest about liabilities

@TrueShinobi15 9 ай бұрын

Being 25 watching this and hearing that you bought ur first property at that age and started to profit from the earning even if we're just a little. Is beyond motivating to me I'm locked in and truly eager to learn more.

@PrathamSaini-sd1cr 7 ай бұрын

I am listening it at 17

@LorenzAugust 6 ай бұрын

@@PrathamSaini-sd1cr same, preparing for 18

@longlifelearner2005 5 ай бұрын

@@LorenzAugust Samee, wanna make a groul chat about financials?

@LorenzAugust 5 ай бұрын

@@longlifelearner2005 you mean group chat about finance? Sure I guess? I just started studying corporate finance, and I started with the book and trying to know all the financial terms to be financially literate.

@NikosTsiotras-cs2gd 5 ай бұрын

@@longlifelearner2005Interested Aswell, how about a discord group chat?