We are $2 Billion in Debt, Here’s What Banks Don't Want You Know about Money

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Ken McElroy and Robert Kiyosaki discuss the misconceptions about debt and how it can be a powerful tool for building wealth. Learn the secrets of using other people’s money to buy assets, reduce tax liabilities, and achieve financial freedom.
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ABOUT KEN:
Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor.
Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
Ken's company: mccompanies.com/
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DISCLAIMERS: Any information or advice available on this channel is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this channel. Consult a financial advisor or other wealth management professional before you make investments of any kind.
Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this channel are accurate and up-to-date, all information contained on it is provided ‘as is.’
Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this channel.
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#kenmcelroy #realestate #realestateinvesting #debt #financialfreedom #leveragingdebt #otherpeoplesmoney #OPM #gooddebt #baddebt #wealthbuilding #realestateinvesting #businessloans #bonusdepreciation #aircraftpurchase #taxstrategy #investmentstrategy #financialeducation #bankingsystem #richvspoormindset #financialliteracy #entrepreneurship #moneymanagement #debtstrategy #financialgrowth #assetacquisition #taxbenefits #leveragingassets

[@KenMcElroy]

If you want to support the channel, please share this video with someone you think would benefit. It would really help us out. Thank you!

[@mbz16v]

Done and done.

[@dragankarastojkovic3456]

if you lend money agains an real estate asset HOW do you use that money if not in your business? how do you buy your self stuff that has to go trough accounting and not in your pocket directly , nobody speaks of that .. how do you pay out your self if not a salary ? please explain that sometime.. thanks

[@VenturaIT]

so the jet is an asset or liability, you just called it an asset... is that due to the tax rightoffs? you still have to pay for it which might make it a liability

[@bluegodofspeed]

Why does billionaire need help XDXDXD

[@johnj2496]

Ying and yang To have winners there must be loosers. Even the treasurery. They can just print money so whos the looser. And one holding the same money they print

[@Sammytammy192]

I’ve always been an advocate of investing because it has paid off handsomely since I decided to dabble in it. I've seen my net worth grow exponentially over the past 2 years instead of having my money lie idle in the bank.

[@Roymysterio]

Not everyone is as lucky as you are. How are you able to do it?

[@Sammytammy192]

Luck is way off the picture. Jonas Herman, a licensed fiduciary is the brain behind my success. I've gotten into a plethora of assets with $21k spread across stocks (options and futures) for the short term and Roth IRA, index funds, cryptocurrency and ETFs, for the long term. Now with over 91k in roi, I sit back and just reinvest at intervals while I handle my other businesses.

[@Freddyyyy266]

That's your view. In my experience, there is no such formula, it is nearly impossible to achieve success with investing. It’s all just gambling.

[@Christensen554]

I clocked 47 a couple of days ago and I take this to be a sign to put my finances in order. Can he help me?

[@Sammytammy192]

Hermanw jonas that’s his gmail okay

[@ChristopherAbelman]

It’s amazing really. We have a financial crisis, caused by greedy, reckless financial institutions. Congress passes legislation requiring those institutions to be less greedy and reckless. The institutions then lobby to have those restrictions removed, usually in the name of “remaining competitive”. This leads to another financial crisis. It’s completely predictable, and we have been doing this dance since the Great Depression almost 100 years ago.

[@HildaBennet]

Agree; the rules should be applicable to all banks - big or small. First; very few meaningful laws are passed and then this cycle of doing-undoing seems to support deregulation risking the economy and the faith in banks.

[@PennyBergeron-os4ch]

A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

[@bartlyAD]

Well, I've been researching advisors lately because the market news I've been seeing hasn't been that positive. Who is the individual who helped you, and is he or she still around?

[@PennyBergeron-os4ch]

REBECCA NOBLETT ROBERTS is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@bartlyAD]

I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.

[@allanavalos4947]

Every family has that one person who will break the family financial struggle I hope you become the one 😊

[@allanavalos4947]

Everyone needs more than their salary to be financially stable. The best thing to do with your money is to invest it rightfully because money left over from the mkt never will be vulnerable to grow. Derek Mia Scott is not just my financial advisor but a family friend too

[@allanavalos4947]

She's active on face book

[@allanavalos4947]

Derek Mia Scott

[@mrem7196]

What do u invest your money in .. and what the presantage of the return you get back yearly .thats what matters to me and that what makes u wealthy.

[@PremSteve-yg4de]

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[@fresnaygermain8180]

With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.

[@belobelonce35]

With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.

[@yolanderiche7476]

Recently, I have been exploring the possibility of consulting with advisors. As a mature individual, I am in need of guidance, but I am curious to know how truly impactful their services can be?

[@belobelonce35]

Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with REBECCA NASSAR DUNNE for the last five years or so, and her returns have been pretty much amazing.

[@valeriepierre9778]

Thanks for the advice. The search for your coach was simple. I investigated her well before using her services. Considering her résumé, she appears competent.

[@FlorentGulliver]

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for...

[@NancyBetty-x]

I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.

[@FlorentGulliver]

@@NancyBetty-x That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well

[@NancyBetty-x]

@@FlorentGulliver My advisor is VICTORIA CARMEN SANTAELLA;

[@NancyBetty-x]

You can look her up online

[@FernandoBowen-78]

@@NancyBetty-x The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?

[@oneillbilder]

America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..

[@DavidRiggs-dc7jk]

Every day we have a new problem. It's the new normal. At first we thought it was a crisis, now we know it's a new normal and we have to adapt. this year will be a year of severe economic pain all over the nation.. what steps can we take to generate more income during quantitative adjustment?I can't afford my hard-earned 180k savings to turn to dust

[@HarrietBemish]

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

[@EllenAbrex]

Mind if I ask you to recommend this particular advisor you using their service?

[@HarrietBemish]

Vivian Jean Wilhelm is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@EllenAbrex]

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

[@BrigetteWaltershield]

I am regretting not investing in digital assets ever since but still grateful i kept money in the money market. With about $200k maturing soon, i plan investing in the market. What coin should I look into as a newbie to safely grow my money?

[@MarvelMouldin]

that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+

[@CamdenVanderlaan]

How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings

[@MarvelMouldin]

Julianne Iwersen Niemann is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment

[@CamdenVanderlaan]

I just googled her and I'm really impressed with her credentials; I reached out to her since l need all the assistance l can get. I just scheduled a caII.

[@JIN-u6t3t]

My advice for who wants to grow financially this year, invest. Saving is good, but investing elevates your finances. Thanks to my financial advisor, my portfolio is thriving, and l'm proud of last year's decisions.

[@hugofx0055]

Merci beaucoup Mlle Elyna, vidéo très intéressante et toutes vos informations sont légitimes

[@TyesonHaremza]

Je suis favorisé financièrement, merci Jésus, bénéfice hebdomadaire de 32 000 $, quelle que soit la gravité de l'économie.

[@Lexa750]

Comment ..? Je suis un débutant dans l'investissement cryptographique, pouvez-vous me guider sur la façon dont vous avez réalisé des bénéfices ?

[@Chlo352]

Merci à Mme Elyna..

[@Chlo352]

Elle est une courtier agréée ici aux États-Unis

[@Bianca-gz4mj]

OUI!!! C'est exactement son nom (Elyna ), tant de gens l'ont fortement recommandée et je commence tout juste avec elle 😊 de Brisbane en Australie🇦🇺

[@micheal_mills]

The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.

[@Robert_Seaman]

Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.

[@donna_martins]

Keeping money in the bank is like paying banks and the Govemment. Here's how it works: The bank gives out your money as loan, and charge interest obviously higher than inflation rate, and then give you, the depositor, interest lower than inflation rate. That means net loss for you. That is why I prefer to invest, and on average, my advisor makes returns that always beats inflation!

[@Trevor_Morrow_LTD]

To be honest, I've been wary of banks for a while, but I wasn't sure how to speak with an advisor first. Please let me know who your adviser is if it's okay; I need some recommendations.

[@donna_martins]

Vivian Jean Wilhelm a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

[@Trevor_Morrow_LTD]

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

[@wjthehomebuilder]

'Rich Dad Poor Dad' was the first book I read on the subject. Now 20 years later, I'm a 'home builder' but real estate is my business! Thanks Robert!

[@amitkawatra]

Have a question to you, should I buy a home if home loan is 8.5%, rental yield is 2%, tax rebate is 1.5% and appreciation is 6%

[@andytan911]

​@amitkawatra first question you should ask yourself is whether you can afford it without affecting your quality of life. Second question you should ask yourself is why not buy the s&p500 index fund

[@Earlysport]

@@andytan911you think you can achieve without affecting your quality of life? Life would be higher quality if we didn’t work right? The word investment specifically means to grow in the future. Work now, sacrifice some, and enjoy later. This video is such basic stuff I’m amazed so many commenters don’t get it.

[@shelleycurrie764]

at the end of the day, you are simply in a lot of debt, you are not worth 2 billion US $, the only bit of profit that you do have is if you sell your assets at a profit, and keep the profit that you make (less tax).

[@andytan911]

@Earlysport oh, I think you missed the point. There is something in this world known as work life balance. In HK, no matter how much money you make as a working class or even middle class, you end up spending your whole life being a slave to the property developers Based on statistics, they need to save almost 16 years to be able to make the down-payment for their first property. More than half of their monthly income goes into paying the bank Installments, and you can imagine what kind of quality they are going through, nothing to be envious. Don't get fooled by these scammers thinking you can be that 1%

[@DevendraSingh-uu6hb]

The fact that nobody talks about the book whispers of manifestation on borlest speaks volumes about how people are stuck in a trance

[@xARTi5Tx]

Thanks bot 🤖

[@E.GCreates]

Million dollar advice? Invest early, invest often, stay invested. Buy a good cross section of an economy and you should do well over the long term. The market will be high in 10 to 20 years, and significantly higher in 30. It's almost impossible for a company with no debt to go bankrupt. Canada is about 3% of the global marketplace, U.S. is about 50%, remainder on the globe is 47%. Pay yourself first. It's time in the market, not timing the market. i stay on top of the market with my FA. Bulls and bears make money, but pigs get slaughtered. - some wise words -

[@AdamsFerguson]

I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you that you talk so highly about?

[@E.GCreates]

Dianne Sarah Olson

[@AdamsFerguson]

Thanks for the tip, i just looked her up. She seems very wealthy. She must know a lot about investing

[@Clancysoucie]

Did a quick web search, she has a pretty decent bio, I wrote her and I'm waiting on her reply.

[@Thomas.Bolleiro]

Would you agree that in 10-15 years there won't be such thing a money transaction? Considering that all jobs will be robotisized

[@MarcelinaMakowski]

This year I want to use earning calls to help with my strategy on companies I want to invest in. However, I don't understand them. I am always lost and have no clue what they are discussing I lose interest after 20-30 minutes and not gaining much insight.

[@BEAUTIFULDIANAFRANCIS]

In my opinion focus on two key objectives. Learn when to sell stocks to minimize losses and maximize gains to start protecting yourself. Second, prepare to make money when the market turns around. I advise speaking with a broker or financial counselor will be much better .

[@OliverTilney]

I see no reason for stressing yourself over these things when you can get a financial advisor. A financial advisor can help you determine if dividend investing is a good fit for your financial goals and can help you develop a strategy. They can also help you consider your risk tolerance, liquidity needs, and short- and long-term goals. Consulting a financial advisor can be especially helpful if you're new to buying and selling individual dividend stocks. You can also ask your advisor questions about reinvesting your dividends.

[@LeslieWagenheim]

Cynthia Alexandra McClure is the licensed fiduciary I use for guidance . I do not think self-investing worth is worth it from my experence . Some may have no account minimums and charge annual management fees of less than 0.5% per amount managed. Self-directed investment accounts have the lowest fees and give you the most freedom, but the risks are higher. A safer choice is to hire a financial advisor and let them guide your investment strategy.

[@NicholasFerdinand-it4lv]

A wise saying about investing according to my Friend who is a CFA is to be Patient and Think Long-Term. She said, “The stock market is a device to transfer money from the impatient to the patient.”

[@ChrisDERUNNER]

Thanks for sharing. I curiously searched for Cynthia full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.

[@rethinkrich]

The borrower is slave to the lender.~Proverbs 22:7 (KJV)

[@Teddymosquedabeaudoin-mr1jo]

sad truth, I need to pray on this one. Kind of been the story of my life.

[@AXV81]

My tenants pay for that debt I just enjoy the cash flow

[@stevo0]

🙏🏼

[@safetrades4133]

100%

[@airviper6]

@@Teddymosquedabeaudoin-mr1joit doesn’t have to be a truth.

[@edenwallace334]

*_❤Success is not built on success. It's built on failure, It's built on fraustration. it's built on fear that you have to overcome. I pray that anyone who reads this will be successful in life_*

[@annarobert7575]

[@nanyiezekiel6238]

[@michaeldennis38]

[@michaeldennis38]

[@stelladoris5087]

[@futonfave]

How to have mo money via real estate assets That is the game here. A big kids adult grown up game of Monopoly. Each to his own. Yeah it might be nice to have six residential rentals or an apartment building with a positive cash flow....but it was never my destiny because I did not want it. I never thought of being wealthy as a goal. I'm content Mind is peaceful. Family is happy. Kids in college. House paid off. No car loans. Life is good.

[@dr.hero18]

Not everyone needs 1 billion dollars , being able to go anywhere and eat anything you want is enough for me

[@Goldsilver]

See you at Limitless, looking forward to it.

[@christopherkirwan7999]

Thank you Gentlemen for your knowledge, blessings to you all.

[@aFreeman0409]

Less rethoric and more hands on examples please. Example: In the 80's, I found a piece of commercial real estate in a small town. Husband and wife divorcing so - FIRE SALE! Purchased the building 20% below market under 500k. Did some quick BRRR and refinanced to RETURN the 20% DP plus about 10% back (put in contingency for future R&M at the time), so NOTHING DOWN now. Then setup 6 tennants on 5 year leases totaling 90K a year. Returned 35k a year net cash flow (not even counting tax benefits; just straight cash on cash) for NOTHING. STILL OWN THE BUILDING!

[@cluberic]

sadly this is not possible today.

[@aFreeman0409]

@@cluberic Sure it is. Commercial R/E will plummet and it will be possible again.

[@budala1969]

@@aFreeman0409 So not today.

[@jamesrecknor6752]

@@aFreeman0409 San Francrapo joins the chat on plummeting/and public pooping

[@geraldlofton]

I paid all my commercial debt in 60months

[@harryrobot851]

Hi! I’m excited to be here in your channel and I’m interested in learning more about investing and saving up for my retirement but am a little confused about the whole process. Any advice or tips to get me started up would be greatly appreciated.

[@arboradvising6291]

Two of my favorite people. Ken McElroy and Robert Kiyosaki talking about how to use other people's money and debt to create cashflow and tax benefits. Thank you for the great content. I will share with on my socials.

[@TooTRUEtoBeG00D]

So taking advantage of other people is worthy of sharing for you? Can you explain why?

[@paulhefferan1785]

Funnily enough Kiyosaki didn’t even write Rich Dad Poor Dad another woman wrote it then he did her over.

[@orhbo0]

@@paulhefferan1785ghost writer?

[@Finallast574]

That's how criminals defraud and betrayal the system, now gloating on it by leveraging more an more while goading more idiots to invest into their schemes

[@Finallast574]

Comment deleted?

[@paulbrungardt9823]

After being born poor & married to an even poorer womNan 44 years ago. I put myself through university & then Doctor of Optometry degrees. Our children have all graduated university & we have given them down payments for houses. Net worth about 11 million--Mostly in real estate assets.--we are have a charity in Central America for blind children for higher education. I don't want to have any more money and our kids, they don't feel entitled. We are mostly sending our cash flow to help future generations of disabled kids.---Is something wrong with me ?-- I have more than I ever spend. Giving to grateful future educated disabled kids makes us happy. However, I hate when government forcefully confiscates my earnings to distribute to perpetual parasites on give away programs. Love to all from Colorado & Panama,

[@TylerRylance]

I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.

[@J.woltz48]

Used to think investors lose out amid crash, meanwhile some make profits. I also thought folks went out of business during the great depression, but some went into business. Bottom line, there's always depression for some while others amass wealth gains.

[@fromthebirchwood]

well said, in my opinion, times are crazy now, hence everyone needs a sort of financial planning in order to thrive forward. ideally, investment advisors are the best reps for getting the job done

[@okaydamian]

excellent share, just copied and pasted Karen Lynne Chess on the internet, spotted her consulting page ranked top and was able to schedule a call session. Ive seen commentaries about advisors but not one looks this phenomenal

[@BriannaJonnnes]

Great video!. I'm looking to start investing in the stock or forex market with $60k this quarter. How can i go about this Market? Preferably want the route with the best return in investment. Thanks!

[@psychoticpebble]

By saving your money and spending time with your family. Robert is a con man, made his money by selling a book, that is all. Hes no financial genius and this video is a great way to tell.

[@Rockafella1861]

Hey! I saw Robert at the Trump event yesterday. We were in the same VIP section next to Kari Lake and Sherif Joe. Ive been listening to you guys for years, so I was really happy to see him there.

[@ricomajestic]

So you sat with the losers!

[@froggey5689]

These guys are smart. Filming videos during downtime on a jet to earn even more passive income.

[@bruceduckett87]

Knowledge is Power! Much Respect to Both of You!!

[@VTOutdoorServices]

Following Ken is one of the reasons my mindset has changed as an entrepreneur. I look forward to the videos. It's a classic example of hang out with the right people. Hang out with losers and addicts, you become an addict. Hang out with successful people and you automatically up your personal game. These videos are like hanging out with Ken. Good advice, good mindset, and you didn't have to ask.

[@andytan911]

So are you rich yet?

[@VTOutdoorServices]

@@andytan911 I've been watching his vids for about 4 months now. I was already an entrepreneur prior to discovering the content. It has helped change my mindset and begin to position myself better for success.

[@andytan911]

@@VTOutdoorServices which means you haven't got rich

[@christinajones7319]

Great video, Mr. Ken & Mr. Robert! I hope to meet you guys one day. I bought all y'all books and follow you guys. Thank you!

[@noelcgordo]

What if I borrow money from the bank or a car van loan and use this van in a delivery on your own, is it good investment?

[@AnthonyJustice-i9x]

I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.

[@jadewashington7]

She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states

[@mikesnoek]

I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.

[@chaz4610]

The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.

[@caryn-o3e]

I'm new at this, please how can I reach her?

[@mirchimome]

Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading

[@lionserra9161]

I have studied economics, and i have to say that the explanation (the text) at 0:20 is really good.

[@Danny-fs1hk]

I first saw both of you on stage back in 2001. Love to see you on the jet now.

[@francisonyige9618]

I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks and made about $246k,but guess what? I put it all back and traded again and now I am rounding up close to a million

[@annelie718]

Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $42,500 per week even though I barely trade myself.

[@Straightshooterx71x]

Oh goody 😂😂

[@icebergx3141]

What do you invest in ?

[@GREGG-43]

Many thanks for the video. Everybody needs financial freedom. Let this be a thread for some more simple, reproducible approach from anyone who have build wealth. I have saved up $190k to get started.

[@lincoln-tser]

My success was largely based off of a single, simple approach (portfolio Management) but remember, investing is a journey, not a sprint - take your time, stay patient, and stay focused on your long-term goals.

[@MiddleclassAmerican-7220]

At the end of the day, there's no one particular way of bridging that gap. but starting to save early and investing in the financial markets can never go wrong. if I were to start over in 2024 with less than $50k I would still use the portfolio management play-book.

[@NotyourBusiness-urto6]

think you could suggest any professional/advisors i can get in touch with? i'm in dire need of proper portfolio allocation

[@MiddleclassAmerican-7220]

I'm cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "Amber Kay Wright" I've worked with her for 9 years and highly recommend her. Check if she meets your criteria.

[@freedomisEexpensive-08]

Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info

[@JohnReavesLive]

So I’m not 100% sure how this showed up on my recommended, but first I’d like to say thank you, this is great advice and I learned a ton. But second I’d like to say for less than $500 you can get really solid on the go mics that will improve your content immensely.

[@melissalopez3794]

Gr8 seeing ur friendship is going strong..guess it has a lot to do with trust😊

[@Princess-ws2yt]

My name is AVA I’m 9 years old this channel has taught me a lot about investing in the future!!

[@vangelisgru7271]

9 years old. Channel is 12 years old.. a family hand me down ?

[@AstridWanKenobi]

👍🏻

[@tradermunky1998]

The game is all about controlling assets.

[@ravencoinspremiumadminasse6265]

Our unique RENMINBI ravencoin token has entered the chat

[@georgebametejnr6722]

Two, successful man and I've learned a lot from Kiyosaki. But regarding borrowing, people seem to forget that 0 is bigger -2 Billion. The stress of owing is always way worse than the stress of having nothing and owing nothing.

[@darekm6859]

@Ken - the #1 thing scaring me off from real estate is the prevalence of people knowing they can not pay rent, knowing they can live rent free 6 or 9 months until their case goes through the court, or until they get $10k to leave by the home owner. How do you combat this, aside from investing in a red state?

[@robertgibson2326]

My strategy and recommendations are to always avoid single family structures. I began my real estate endeavors 29 years ago with the purchase of a single-family residence within the City of Detroit (MI). I can vividly recall the numerous months of court adjournments, extensions and considerations provided to nonpaying tenants. My solution was to transition into purchasing duplex and quadplex residences exclusively. This strategy proved successful as the paying tenants typically neutralized deficit attributed to nonpaying tenants. Also depending on governing state laws, verbiage may be added to the leasing contract that expedites the eviction process. I would also suggest procuring higher upfront fees based on financial factors including credit history and employment tenure.

[@darekm6859]

@@robertgibson2326 Thanks. What sort if verbiage can expedite an eviction? And in what state? Have you consciously avoided certain states due to eviction laws?

[@robertgibson2326]

@@darekm6859 Contractual verbiage should outline mediation (mediator ruling) in lieu of a civil process to resolve any eviction scenarios. Michigan, Nevada and Ohio are all excepting to these types of contracts as it relinquishes the courts burden. I've never avoided real estate business within a state due to unfavorable eviction proceedings. I've found that securing the services of reputable management companies whose services includes conducting thorough background inquiries into prospective tenant drastically reduces the eviction rate.

[@timharbert7145]

So, thanks for adding to inflation?

[@peterkachingwe8811]

You can tell how robert is so cautious with everything by how he got his sitbelt on lol 😂😂😂😂

[@C783H]

He was a pilot. As a pilot I can assure you it is best to always keep your seatbelt on.

[@arigutman]

Very interesting perspective to showcase, great video...

[@blendzlyphe9998]

This is a lifetime of information in just 10 min great work..

[@KalimJha]

Life time teaching : one way street towards disaster, you need to be able to see the darkness behind these smiling faces

[@ShechemIntegrativeLife]

Keep it coming guys, I learned about “Rich Dad, Poor dad,” in Amway.20 years ago. I don’t have a college degree and have been on disability for 10 years but have managed to be friends with 2 people running for congress, multi millionaires, CEO’s of healthcare systems, former NFL players, Rock stars, and pitching and raising investment funding for Sudan Kava Bar my LLC to over 25 multi millionaires. I’ve lost lots of money from law suits, inheritance, but it’s because I believed what the masses were telling me. Get student loans, be poor and enjoy living off the government. I learned, iron sharpens iron, and “You can if you think you can,” Vincent Norman People. Now I’m rich. 🦁🙌🐾🐾

[@robertgibson2326]

With financial activities related to real estate, the objective is to manage debt rather than completely eradicate it. Having invested and developed real estate for 29 years, I can say with absolute certainty strategic debt progresses the industry. Any newcomer to the industry should familiarize themselves with the obvious distinctions between consumer and commercial debt. Real estate investors, developers, and builders generally hold substantial commercial debt (not consumer debt) Commerical real-estate financing typically involves non-recourse measures as the property/project serves as collateral. Additional financing is generally secured via lenders willing to accept a second and sometime third position against the collateral.

[@jeremiahfoley0311]

Well done good insight thank you own down rentals finishing my first development on to next one

[@JustinTurnerman]

Thanks guys for the information. Best advice is from guys like you who have been there done that.

[@skghtufir]

Debt leverage is good if you know what you are doing.

[@starguy2718]

Knowledge is power.

[@AnongJoe]

9:24From $10K to $110K that's the minimum range of profit return every week I think it's not a bad one for me, now I have enough to pay bills and take care of my family.

[@mattb383]

Two MLM master right there!

[@DayaMcCarthy]

why do you say that?

[@thewholls7176]

Good job boys down here in Australia. We have a different tax system, but I like your thinking and your approach to things. I Especially like the way you’re teaching people to spend money but to also think about avenues of income streams to then pay for that item…….

[@IPOMarketWatch]

Have you guys ever heard of a fake jet rental at L.A.? Just to pretend you are in a real one, so to impress? 😂

[@KerimBorchaev]

Is it possible to rent a more roomy jet? It's painful to watch a billionare to lean away from the wall for the whole video.

[@rooibos3857]

If you are in debt, you are not free. I am debt free and I sleep like a baby. This fact is so simple and it will not change regardless of how many videos you make with fake smiley faces to promote debt.

[@OuweDibbes]

Well... me after trying to be like them. I never doing that again😂. Not that it won't work. I'm just not the right kind of person for this sh&t. I rather work and sleep like a baby (like you say).

[@rasher6290]

I've lots of debt,,,I sleep great,,,zero fucks given!

[@damirzanne]

what they’re actually talking about is investing, buy something on credit, and then use other people to pay for it … pretty simple … exm. I sold my Mercedes, bought 3 other cars and resold them making profit, and using profit to pay off my new Porsche , I keep buying and selling cars , and using profit I made to pay for my new Porsche, until at the end, I still have money I invested originally, and I have a Porsche that’s now paid off using other people’s money, so at the end, I got me a free Porsche… they just do it on bigger scale tho …

[@ntme9]

@@damirzanne "I keep buying and selling cars" "so at the end, I got me a free Porsche" No.. that would be like saying "I worked as a car salesman so at the end I got me a free Porsche"... you didn't get a free Porsche because it took time and effort to buy and sell the other cars for a profit (that's called labor).

[@aidenkearney1902]

@@damirzanneGood job!

[@dannyhantx]

"How to become a billionaire?" "Go billions into debt."

[@brunomanco7529]

Thats why real estate is the best to grow. Better than a family owned retail company. My personal preference is summer vacation rentals/airbnbs. Less hassle than normal renting

[@thehighway3695]

Yup. These guys are paper billionaires. Dig deep enough and they owe everybody. They can owe you too just go to the next conference and "invest" with them

[@andonis9870]

This bloke was buying realestate when it was 1 $10 and the capital growth he has seen will never be experienced by my young children. For realestate to see the same growth the average income would have to he 1 Mil a year

[@ittfcapital680]

😂😂😂😂

[@ittfcapital680]

And then make people pay 10k a seminar to pay back the debts 😂

[@JayyKilz]

Love seeing you two in a video. Semper Fi.

[@oddmanout1175]

Two bankrupts in a fake plane. Yey!

[@needmorevidz1566]

Hater 😴😴

[@AmanGupta-rw2xw]

u r not bankrupt but still can't afford jet😂

[@oleboy4332]

What are your thoughts on low interest debt used on higher paying dividend stocks? Using OPM to buy stocks that pay dividends that provide income

[@robertcorleone9077]

Glad you’re all doing well. But, the system doesn’t work that well if everyone is doing it. So, what you’re doing here is making examples of yourselves and why we need change.

[@aimysmartinez13]

I have been doing that, and yes it does work that’s how I managed to get my business. Everything that we do in life is sales, let’s se you need to get a job well same principle you have to sell yourself for that job and become that company’s asset but also it’s on you and how you budget your money. I have good and bad debt that’s getting paid off and my credit score growing quickly

[@tapantera]

Who does your taxes?

[@leonhenry4861]

It’s a nigerian prince who does it.

[@a.b.4052]

Where can i learn about how to find a good real estate deal for long term rental? I am in AZ like Robert. With current interest rates, is it still good to buy single family homes? Do i need to use my own cash for the down payment?

[@metrix1860]

Thank you both. You gentlemans are inspiration and I personally appreciate your work in educating others including myself. You don't have to do that, yet you spend your time for no reward. GOD BLESS YOU!!!

[@Calpol274]

That is great advice. Do you suggest smaller apartments (1-2 beds) for better ROI and grow faster in short term rentals pls? Also what's up with those rings?!! :P Thanks for sharing..

[@fudogwhisperer3590]

When this bubble pops, I want to be in as little debt as possible and own as many cash flowing and inflation proof assets as possible. After this rug pull I'll think about getting into debt again. I did have some land, made money from it, sold it in this bubble and bought gold and silver I also had a classic truck, made money from that due to a bubble, I sold and did the same. I should be set in this next downturn to take those assets that have appreciated in 5 years and buy into the depreciating housing market for nice cash flow.

[@JasonISF]

Smart man. If you look at the price of gold and silver and compare it to inflation and the stock market, over decades they both are still cheap and silver would have to be the best value physical asset on the planet right now. When this current stock/property bubble pops, people will be scrambling for it like birds around a piece of road kill.

[@austinsworld8936]

These guys act smart when in reality they were very lucky a few times and could get these massive loans when everything was on fire sale. Most of us could not. Now if you do the same thing as they did with high interest loans you would be bankrupt very fast. Also they don't talk about how you get cash flow and no it's not from buying real estate as you can't get a loan to get these.

[@mjsimmons134]

You haven’t read the books 🤔 Put in some time and effort.

[@teddy9752]

Gold silver good luck Worst than holding cash

[@doublecheckityt]

I went into a sales rep meeting for the first time last week. Eveyone was talking about the hockey game with great enthusiasm. The sales leader was also excited about the game. The sales lead also commented later that the sales team lacked drive for sales. Change your focus in your life.

[@Joseph-xt2qg]

Landlord tenant laws are terrible for small landlords with limited cashflow

[@sinamen516]

Go to a red state

[@U-Properti]

Understanding these elements can empower individuals to make more informed financial decisions and navigate the complexities of banking and debt more effectively.

[@eliestapia91]

It’s not over yet

[@Oneiromaniac]

I don't understand one thing about this strategy Robert is always on about.. Does the interest payments on the debt not factor into these decisions? Or is he crowd funding everything & just being the middleman in all deals?

[@gb8518]

Huge surprise on air Great video

[@EyesnBrody]

Hi Ken and Robert 😊 Thank you for sharing your experience and knowledge. It was fantastic meeting you both at Rebel Capitalist Live. Cheers, Anita & Brody (big yellow dog)

[@nathanyoung7598]

Love the vidoes from the jet!!!! Thank you🤗

[@danielbuckman2727]

I've got a question, what happens if the banks absorbs losses on bad investments of half a trillion dollars of other people's money?

[@MikeMcDonald-xp1jl]

*I was homeless, got into drug's went to prison and then I got to know Jesus and he changed my life...Heaven came through for me in my finances too, getting $50,000 in 2months . I can support God's work and give back to my community. God is absolutely more than enough! Now I have a new identity and a child of God*

[@OwoRosline]

Hello how do you make such monthly ?? I'm a born Christian and sometimes I feel so down of myself because of low finance but I still believe in God.

[@DunnMotors]

Praise the Lord! To God be ALL the GLORY!

[@sonicart1808]

I listened and understood some of what you spoke of, (although most of it went over my head) my question is if everyone were to apply these financial methods then surely there wouldn't be enough money/debt to go around?

[@psabrsula]

Robert, you are wonderful! I continue to learn!

[@weekendhack.whatsnext]

It is good to see Robert here. I actually participated in an event he filmed in Phoenix about 20 years ago. My thoughts about money were mostly formed from my readings of Robert Kiyosaki and Dave Ramsey. Somewhat polar opposites but I have done well with it. I allow myself to use some debt but mostly for things that eventually make me money. I have built a few businesses but real estate has been my most lucrative investment so far.

[@jordanmorris9663]

The future belongs to those who believe in the beauty of their dreams. Success is a state of mind. I think I'm blessed because if not I wouldn't have met someone who is as spectacular as Expert Mrs Lucy Mary Liam.

[@emmanueladedoyin8220]

2 Kings 4:3 (KJV) Then he said, Go, borrow thee vessels abroad of all thy neighbours, even empty vessels; borrow not a few. The more you are able to borrow the better for you.

[@xyz2007123]

Show me who your friends are, and I’ll tell you who you are”?

[@dimitriosfreedom9282]

Unfortunately in a place like Australia there is no such thing as positive cash flow real estate or fixed rate loans. Most loans are variable rate so when rates rise investors are in deep trouble.

[@infinitejack2115]

this looks like one of those private jet studios the instagrammers use to fake flex lol

[@drcableaz]

I'm a little confused. Why are they all back of the bus and Roberts keeled over with a seat belt..lol (?)

[@1234proskater]

You rent?

[@infinitejack2115]

@@1234proskater yes they rent a set that looks like a private jet

[@ryane1606]

Been homeless with my entire family for a year in hotels but I didn't give up. Just a while ago I was able to obtain a loan. The Sloan was it to buy an asset but it was smart. I used the loan to pay off debt while having only 100 payment each month. Instead of 500 to 1000. And now my dad's paid I have a good standing loan. And I have a low income to debt ratio because it goes by month. Now I just need to make a few more moves I can finally buy me a home

[@JenBailey-ib2vo]

You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life.

[@Oliviaandre-fn4in]

Thank you Lord Jesus for the gift of life and blessings to me and my family $14, 120.47 weekly profit Our lord Jesus have lifted up my Life!!! A. V

[@Cinemachoicefilms]

Glad this came across my timeline. Thanks from Brooklyn NYC

[@xlrators5378]

How do I buy a house to rent out to renters when I make $8/hour sir?

[@cierram]

Private lenders- if the deal make sense they’ll work with you

[@Werner-ko7xl]

Died you got a answer?

[@FBGDemannu]

How's it going to make sense, 8ph no capital if goes wrong. Who is going to give him a house!

[@billhood6109]

If you say you can't afford it your imagination won't go to work for you. If you instead say how can I afford it, now your imagination will go to work for you. You must deal with fear because most people are afraid to try

[@GowGG-ql9dh]

Does this advice only apply to US residents or is this globally applicable advice? As a UK resident I’m interested to understand this better and often the American terms are not immediately translatable in to UK terms.

[@blairakana9984]

They’re not telling us anything that we don’t already know.

[@MrTestfood]

So I have to keep learning about Debt more?

[@DoubleMaduagwu]

I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.

[@arameecham]

As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.

[@yaagunna]

@@arameecham maybe study your options. Stock market investing, real estate, invest some in education into investing and finances. Hope this helps

[@sixmonthsfocus]

What will happen if the market crashes and the value of their properties go down? How do their debt strategies work in that scenario?

[@raw-earth-exploits]

Cash flow coming from 10k renters.

[@TheRainHarvester]

Like when covid came and landlords didn't get paid. Squatters everywhere. 😂😂😂

[@mjsimmons134]

It doesn’t matter if the property has a fixed rate and cash flows. You only lose in that case if you sell.

[@TheLethargicAge]

Ken, do you actually own any of your properties? Or does the bank own every one single one of them? It just seems to me that real estate investing is just a bunch of smoke & mirrors and accounting tricks.

[@jaychow3208]

Thank you Robert and Ken for the sharings as always!

[@johngreen907]

These guys had a few drinks 😂😂

[@chriss4365]

Now debt is more expensive than ever. Who is lending to buy the real-estate that's at all time highs and high interest rates and strict lending requirements. Is it really worth it to borrow 600k to earn 2500 to 3k a month in rent?

[@bruceduckett87]

Seller Financing

[@chriss4365]

@bruceduckett87 sellers will wait 30 years to get repaid?

[@robertgibson2326]

Typically, within the larger scope of real estate financing, eliminating debt is not the goal. It's simply assuring the asset (property) generates revenue greater than the cost of its encumbering debt. As a real-estate investor/developer who founded my company 29 years ago, I can assure you strategic debt management has been a staple of the real estate industry for numerous decades. for new investors research Debt Service Coverage Ratio (DSCR) loan programs.

[@simplythebest5341]

funny you mentioned Dave ramsey's name i have never heard him mention anyones name

[@Adamskyization]

I am really trying to understand what they are explaining and how to use this knowledge, but i just don't get it

[@JamesBond15]

Honestly, I wouldn’t keep using the PJ as the thing to aspire to. Look at Robert’s head crooked to the middle the entire video. That’s what it’s like…. If anything, show-off the convenience of being able to roll-up to the airport without hassle. That’s why you buy a PJ.