Partner With The Government To Pay Zero Taxes - Robert Kiyosaki, Tom Wheelwright, and Ken McElroy

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The Rich Dad Channel

The Rich Dad Channel

3 жыл бұрын

Robert Kiyosaki says, “Taxes are your largest single expense.” The average person in a developed country spends 25-35 percent of their life working to pay taxes. That means more than two hours of every workday are dedicated to feeding your government. Today’s guests discuss how instead of working to pay taxes, you can invest to pay zero taxes-legally!
Tom Wheelwright, Rich Dad Advisor on taxes says, “The real purpose of the tax law in your country is to provide incentives to business owners and investors. The law would be three pages long if it were not for that. Instead, it has thousands of pages to give these incentives to business owners and investors.”
Ken McElroy, Rich Dad Advisor on real estate says, “When we look at real estate, we are looking at it from a long-term, cash-flowing, pay-less-tax-strategy regardless of what’s happening in the market.”
Hosts Robert and Kim Kiyosaki, and guests Tom Wheelwright and Ken McElroy discuss the exact formula they use for investing in real estate and how they pay zero in taxes.
#robertkiyosaki #kimkiyosaki #financialeducaiton
www.richdad.com/
Facebook: @RobertKiyosaki
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Twitter: @TheRealKiyosaki
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Instagram: @TheRealKiyosaki
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Пікірлер: 1 300
@CryptoWTK
@CryptoWTK 3 жыл бұрын
To the person who’s reading this, you will grow your Business one day don’t give up !❤️
@wizeminds799
@wizeminds799 3 жыл бұрын
I will never
@modernvintagelifestyles
@modernvintagelifestyles 3 жыл бұрын
You sound like a fortune cookie.
@aria4280
@aria4280 2 жыл бұрын
Good presentation, wish you left the politics out of your conversation 😒.... diminished the message to widest audience 😑
@user-nl1fc7bs4s
@user-nl1fc7bs4s 2 жыл бұрын
thank you bro
@moe3005
@moe3005 2 жыл бұрын
Robert it LITERALLY the only man on KZbin that actually breaks down how to do real estate and WHY to buy and why to keep buying. Everyone else just says buy, and pull, and buy more, but nobody explains why. Thank you so much guys
@tama-a-tumatauengahiku3647
@tama-a-tumatauengahiku3647 Жыл бұрын
Hes experienced a lot more than most entrepreneurs other than Warren
@toddcapota5910
@toddcapota5910 2 жыл бұрын
33 years old and watching these videos the last 6 months is the most and best financial education I've ever received. It truly is a shame how poor our schooling is. We were taught nothing about finance/taxes.
@MOHIMEDIALLC
@MOHIMEDIALLC 2 жыл бұрын
I used to have the same thought, and then I remembered how poorly taught most schools are except for in affluent areas. I wouldn't expect school teachers (lets be honest, simple college graduates) to be able to effectively teach personal finance. And actually, for at least the last 5 years the affluent public schools in my area have been teaching personal finance.
@1ChristopherCampbell
@1ChristopherCampbell 2 жыл бұрын
School systems? If this knowledge was commonplace then it wouldn't useful. So you're saying the school system should manufacture real estate tycoons out of children? Who would be the tenants of those properties if it wasn't the dummies being printed out of the system.
@namishbaranwal3522
@namishbaranwal3522 2 жыл бұрын
@@1ChristopherCampbell Knowledge being commonplace isn't sufficient for students to be able to use it. Think of it - all of us are taught physics, but how many actually become physicists? So the thing is - it SHOULD be taught, so that those who want to take advantage of it have at least a starting point.
@smartmom7758
@smartmom7758 2 жыл бұрын
I agree I am 36.. I wish I knew this info when I invested in my first property 10 years ago. I wish I could see the big picture right from beginning..
@sandralujan1199
@sandralujan1199 2 жыл бұрын
@@1ChristopherCampbell I would say if the school system taught us from the beginning about finances, communication, ethics, taxes. We could grow to learn about economics and money management eventually. We basically go to school to make friends and have free child care. Then get thrown into the real world not even understanding how to fill out a W4 for our first job then don’t understand the taxes part when we go home and try to manage that paycheck. At least thats how I see it. Now as an adult these principles would make more sense.
@henryssebaggala9939
@henryssebaggala9939 3 жыл бұрын
Robert Kiyosaki, the best teacher ever in real estate on planet earth.
@sunitakhandelwal4242
@sunitakhandelwal4242 3 жыл бұрын
He is the best mentor in finance
@kushalreddy1805
@kushalreddy1805 2 жыл бұрын
He tells the only 4 quadrants all the time. Nothing more new, every video is the same
@ld4hunna
@ld4hunna 2 жыл бұрын
@@kushalreddy1805 that’s how simple it is, but you are shook to take that risk
@kushalreddy1805
@kushalreddy1805 2 жыл бұрын
@@ld4hunna Did you take the risk?? If yes great for you, if no do not give advices
@ld4hunna
@ld4hunna 2 жыл бұрын
@@kushalreddy1805 I have been doing so since I read the Rich Dad series
@lisadonald258
@lisadonald258 3 жыл бұрын
It's not the *ABC's* you learn in school- it's the *CBA's* *(Conceive - Believe - Achieve )* Have lived by this concept
@ardrearnaanthony-chung2192
@ardrearnaanthony-chung2192 3 жыл бұрын
Wow, free advice ❤ people sell courses for thousands. Appreciate Robert
@amberrose1910
@amberrose1910 3 жыл бұрын
Yes 100% right !
@ledzep59210
@ledzep59210 3 жыл бұрын
Thanks for watching'„ endeavor to write as soon as possible for more enlightening tips ~•W~•H~•A~•T~•S~•A~•P~•P •+1•2•28•3•323•7• 55
@rickonethousand6304
@rickonethousand6304 2 жыл бұрын
YT pays him.
@snoo333
@snoo333 3 жыл бұрын
i really enjoy Kim being in these conversations because she kind of plays the role of a small first time investor. Where Robert has been doing this for so long, he is just speaking from the I quadrant all the time. man, i have learn so much just in one video.
@sophia.shetty
@sophia.shetty 2 жыл бұрын
Kim has 6500 real estate properties..not a first time
@earthling01
@earthling01 3 жыл бұрын
This really puts things into perspective. As a small business owner doing contacting, this tax hike almost disincentiveizes, so I need to ask myself; How can I do what I enjoy and pay less taxes and establish wealth I can pass onto my family.
@ericamalast9896
@ericamalast9896 Жыл бұрын
Invest in real estate. Go large apts. Not small houses.
@FTWarr
@FTWarr 3 жыл бұрын
I've listened to hours of Robert & Kim in the last year or two but it didn't click until this video of how the money they make off the property is tax free. I had the cash flow figured out but the tax part didn't come because I know you have to claim income from rental property. Thank you all for teaching!
@brandon_gentile
@brandon_gentile 3 жыл бұрын
Don’t need to move countries when you invest in real estate. Thanks for always providing so much to think about Kiyosakis. Much love!
@ledzep59210
@ledzep59210 3 жыл бұрын
Thanks for watching'„ endeavor to write as soon as possible for more enlightening tips ~•W~•H~•A~•T~•S~•A~•P~•P •+1•2•28•3•323•7• 55......
@alexandernelson477
@alexandernelson477 Жыл бұрын
Yeah but in America I'm just another guy. In Colombia on the other hand. I'm Brad fucking Pitt 😂😂
@yarzarthingyan2415
@yarzarthingyan2415 Жыл бұрын
We are paying taxes for protection , services , and more. Besides ,we need to contribute which ever way we can to the place we live.
@JohnQPublic345
@JohnQPublic345 3 жыл бұрын
The best lessons are other peoples stories. Thanks ken, and Robert
@JohnQPublic345
@JohnQPublic345 3 жыл бұрын
By the way, i bought and read "the ABC's..." . I definitely recommend it
@john.johnb_online1438
@john.johnb_online1438 Жыл бұрын
Taxes isn’t Patriot! We “the people “ have been High Jacked. I first listened to Robert in 2005. A friend gave me a CD with Robert speaking. I’m just now getting it. Thank you ScamDemic. That has awakened Me to dig deep down the rabbit hole. Robert’s CD now makes sense to Me what He was speaking about.
@amandanylens778
@amandanylens778 2 жыл бұрын
Hello please how does this bitcoin and crypto thing works...I’m really interested, how do I go about investing
@sabrinlabeebah8235
@sabrinlabeebah8235 2 жыл бұрын
Frank Woodman
@sabrinlabeebah8235
@sabrinlabeebah8235 2 жыл бұрын
My first investment with Woodman's trading services gave me profit of over $24,050 and ever since then he has never failed to deliver and I can even say he's the most sincere broker and trainer I have known
@lalitnagarajan8469
@lalitnagarajan8469 2 жыл бұрын
*Tradefrantly*
@lalitnagarajan8469
@lalitnagarajan8469 2 жыл бұрын
Fantastic trader i must say he is the best.
@lalitnagarajan8469
@lalitnagarajan8469 2 жыл бұрын
*``telegräm``*
@toyko7200
@toyko7200 3 жыл бұрын
The stock market was at all time highs before hyperinflation occurred. That is our playbook for what is happening now to United States.
@buryatiaducky4233
@buryatiaducky4233 3 жыл бұрын
the relationship between bonds, stocks, debt, the fed and money printing. Algorithmic trading is all the wave now. Without it I'm not sure what my fate would have been in the market other than accumulating losses. But having bagged $340k in raw profits from just the last 2 quarters, using the help of a professional is the future of all kinds of investing.
@MichaelWeebles
@MichaelWeebles 3 жыл бұрын
i have been studying mrkt chart and I need proper advise. its better to make a move with my savings than lying dormant. I wanna get something started with it but I need guidance and need to clarify some blur areas. You seem to be doing excellent for yourself. how can i get in touch with your Mentor? would you mind sharing info
@clariiSclariiS
@clariiSclariiS 3 жыл бұрын
Don’t quit your job too soon guys. Start RE as 2 thing till you dominate. Play safe 💸💸💸💸
@xiloeteknowledgiesllc1973
@xiloeteknowledgiesllc1973 2 жыл бұрын
10:44 good point... Dave Ramsey's audience is primarily consumed by bad debt so his advice is good for them... Rich dad's audience is interested in learning about different forms of good debt so his advice is good for them...
@sandrakaras9693
@sandrakaras9693 2 жыл бұрын
I’ve listened to many out there and let me say, not everyone can teach. Robert, I appreciate how you repeat and highlight complex processes. Thank you
@XKhlodi
@XKhlodi 2 жыл бұрын
He is stupid... How about the way to pay your debt when there are no rentals or forced to reduce your rentals? ... How about crashes?... How can you pay your installments?? ...
@sandirep1288
@sandirep1288 3 жыл бұрын
I cannot seem to get enough of everyone’s content. Thanks y’all for sharing your knowledge with us.
@oliviasolis8425
@oliviasolis8425 2 жыл бұрын
Thank you for sharing all your knowledge
2 жыл бұрын
What are the four parts in this program? can you help me Thanks
@ejh_x2
@ejh_x2 3 жыл бұрын
Robert you did it again! Way to end the video on your first deal. Really had me engaged, I felt like i could feel what you felt. Thank you 🙏🏽
@SherifaNakalema
@SherifaNakalema 3 жыл бұрын
Such an educational channel! Thank you Robert and Kim. You inspire all of us!
@adminal215
@adminal215 2 жыл бұрын
Yes I very glad I came across this video. I’m hooked!
@Godislove225
@Godislove225 Жыл бұрын
I have a question on another video. where can buy the silver coins that are reliable
@plymouth1670
@plymouth1670 3 жыл бұрын
Always on fire Mrs. and Mr. Kiyosaki 🔥🔥🔥
@HealingSoundsOfNature369
@HealingSoundsOfNature369 3 жыл бұрын
Hi Robert, thank you for sharing your wisdoms with the community. Just one (simple I guess) question: If you reinvest, reinvest and so on...when and how do you take profits without paying taxes? Thanks
@baopham516
@baopham516 2 жыл бұрын
Collect rental income and write off depreciation of property
@rgomez2014
@rgomez2014 3 жыл бұрын
Thank you for making this video!!
@borisbuliak3626
@borisbuliak3626 3 жыл бұрын
Thanks for the series, free knowledge never hurts
@MsMyrevolution
@MsMyrevolution 2 жыл бұрын
Much gratitude for stumbling across this channel! Definitely love the end that encourages starting small, and how they all started basically from where I am now. I know I’m going to do this and I’m excited to have you all as mentors and hope to meet you one day!
@mpgisbtsarmybaefighting2838
@mpgisbtsarmybaefighting2838 2 жыл бұрын
Second that!
@evaristourbaez9906
@evaristourbaez9906 2 жыл бұрын
3rd and 4th this 🙌🏽🙏🏽
@languagegod
@languagegod 2 жыл бұрын
The most importante factor of this channel is the ammount of information you can get out of it. No matter your age, your money status or your style of life; it's kinda tailor-made for everyone, depending on our requirements. Finally the goal is for money to work for us. For now, I am trying to work on the multiple wealth streams, beginning with my work and my youtube channel also.
@digitaldylanmarketing9744
@digitaldylanmarketing9744 3 жыл бұрын
Great video! Appreciate all the info you share
@Princess-rz5hn
@Princess-rz5hn 3 жыл бұрын
Wow these guys are my favorite people. Keep it up!
@Kwameking1
@Kwameking1 3 жыл бұрын
What an Education we are getting.Thank you all and Blessings!
@ledzep59210
@ledzep59210 3 жыл бұрын
Thanks for watching'„ endeavor to write as soon as possible for more enlightening tips ~•W~•H~•A~•T~•S~•A~•P~•P •+1•2•28•3•323•7• 55....
@yemxgrunt7327
@yemxgrunt7327 3 жыл бұрын
Looks like I'm 2nd. Semper Fi Mr. Kiyosaki. 1/9Marines veteran. Not Vietnam but 2006-2010.
@waynesmith3919
@waynesmith3919 3 жыл бұрын
AbhAn... 96 to2k. Bravo Zulu shipmate.
@DiscerningCorpse
@DiscerningCorpse 3 жыл бұрын
Crayons for all u Jar heads lol
@johnmurraycompton569
@johnmurraycompton569 2 жыл бұрын
Where are parts 2, 3, and 4? I don't see them in your other videos.
@subashacharya4765
@subashacharya4765 3 жыл бұрын
Thank you so much rich dad team for financial education god bless you all team take care stay safe
@therichdadchannel4363
@therichdadchannel4363 3 жыл бұрын
******+ 1 .....2 1 3.....8 0 6.....4 8 1 9******
@DarrellColemanShamrock7504
@DarrellColemanShamrock7504 2 жыл бұрын
So what happens when you buy, Rehab, Refinance to pull your money back out, and hold the funds? That's something that people need to hear. That's an important reason for why you have buy more and more property that some wont understand. But this is absolutely great information as always. So love it.
@raddadization
@raddadization 2 жыл бұрын
you get bent over and taxed.
@Vic_RE_Investor
@Vic_RE_Investor 2 жыл бұрын
This information is PURE GOLD. Thank you!! 👏🏼👏🏼
@ronc166
@ronc166 Жыл бұрын
Love the show. Great show. I’m always learning.
@charitomattson7787
@charitomattson7787 2 жыл бұрын
Do you have RDPD own store? Or we have to buy the books through Amazon?
@muradavad3614
@muradavad3614 3 жыл бұрын
Wow wow wow - Robert & Kim : Every time I learn something new from both of you! Many many thanks!
@cryptoflippodcast
@cryptoflippodcast 3 жыл бұрын
*Only 3 things are guaranteed in this world* 1) Death 2) Taxes 3) Robert Kiyosaki making a great video ❤️
@cleanerdetailsllc8481
@cleanerdetailsllc8481 3 жыл бұрын
Death, Taxes and the fact that Gold scratches.
@Gilberto22777
@Gilberto22777 3 жыл бұрын
Death, Taxes and mistakes...
@magahongkong4664
@magahongkong4664 3 жыл бұрын
You forgot debt
@slickrick4701
@slickrick4701 3 жыл бұрын
Taxes and tombstones. I've always said it.
@bruceleetree755
@bruceleetree755 Жыл бұрын
23:40 - 26:00 is all I needed. Thanks.
@christiangroenewoud9446
@christiangroenewoud9446 3 жыл бұрын
The Kyosakis are Gold with there free advice. Thanks from Holland. Greatfull for all of your knowledge🙌🏽💯
@hennyvanderpluijm6132
@hennyvanderpluijm6132 3 жыл бұрын
Most of their advice is total nonsense in countries like the Netherlands. The whole depreciation thing doesn't work here although they keep saying that it works everywhere. Robert and Tom can go stand on his heads, but the tax laws here DO NOT ALLOW IT. You can only depreciate until the WOZ-waarde, which is a concept that only exists in a few countries. The management aspect, they always stated that management should be done by a professional property manager. What a load of nonsense. If you start out in real estate you don't even know what a property manager does and you certainly don't know that half of these people are corrupt or are just charging you for standard work without ever solving a problem. If you're new in real estate, this is the way to let problems get out of hand quickly, especially when there is distance involved. Also, they promoted passive income which doesn't exist and is really a very dangerous concept. The concept of passive income makes you stupid. If you want to become very rich focus not only on assets but also on knowledge, control and leverage. That combination works everywhere. And cross check everything any guru says. In any case focus on what works in your own area. And there are other things that they never talk about which are crucial, such as finding the right LIFE PARTNER FIRST before you go on this journey. But I'll leave it at that.
@sabrinawanderer7560
@sabrinawanderer7560 3 жыл бұрын
God bless Kenny and Tom more...in a world full of deceitful people, you are the luckiest when you meet an honest and genuine person like Kenny and Tom..may all who are reading this be blessed to find an honest and trustworthy partner in whatever endeavor they do in life..😇😇😇😇😇
@kylegushue
@kylegushue 3 жыл бұрын
Where does the money they use to buy food, clothing ect come from? Is it taxable income taken from cash flow or do they use borrowed money for that?
@ledzep59210
@ledzep59210 3 жыл бұрын
Thanks for watching'„ endeavor to write as soon as possible for more enlightening tips ~•W~•H~•A~•T~•S~•A~•P~•P •+1•2•28•3•323•7• 55
@ewirman
@ewirman 2 жыл бұрын
This is the BEST show I've seen on subject. Thanks guys (and Kim).
@mistyespinosa1231
@mistyespinosa1231 2 жыл бұрын
I am still confused..I have been listening to your podcasts and youtubes and I just finished your book but I still don't understand how debt is good and buying with no money. How can I find absolute beginner information for someone who was ready to start yesterday!!!
@sarthaksharma4739
@sarthaksharma4739 3 жыл бұрын
I have just started to understand the financial world, I'm just out of my high school, and came across rich dad poor dad a few weeks ago, the concepts are really what had me reading the book. From childhood I had always wondered that yes, rich are getting richer, which means it's possible, and I've found some answers in this book... And now I've started to see the world from a financial point of view.. I'd love, if anyone can help me with this doubt I've had right from the starting of this book, and in this show as well... Robert and Ken said that they invests the money into real estate, and it becomes debt... What exactly is that? Down payment of 1 mil and 9 mil of loan right? And the property will generate you some cashflow, and the amount of EMI is deducted from income tax. But what about paying the 9 mil back? You've gotta do it at some point?? Similarly, towards the end of program, Robert said buying a property on an Island, worth 18k, for 1.8k down, with credit card, for $25 monthly income, and somehow this is infinite return. I understand that yes, credit card can be used in that way, but you still got to pay back that 1.8k, if not, credit card penalties are highest right? So what good does a 25 dollar income does? I'd love for anyone to share their point of view on this... Thank you
@Amar_Lal_Singh
@Amar_Lal_Singh 2 жыл бұрын
Following
@taylorrico496
@taylorrico496 2 жыл бұрын
I think its because the monthy amount generated is whats left after the bills are paid each month. So all the people in the building are paying their rent which is then used to cover the cost of the building, overhead and the profit you make. Am I on the right track or no
@cuarajhyrojayju4397
@cuarajhyrojayju4397 2 жыл бұрын
With rent money you pay bill and make $25 on top of that
@seaglass6771
@seaglass6771 Жыл бұрын
Essentially your tenants pay back your debt for you.
@speedmanifesting
@speedmanifesting 6 ай бұрын
Hi, part of formula at tax return time - accounting "Depreciation" of property value is used to reduce taxes on property over time too. Good luck, so great to stsrt early at this!
@anthonyc8600
@anthonyc8600 3 жыл бұрын
Mr. Kiyosaki, you are my Rich Dad. Thank You for your knowledge Team.
@eejj1928
@eejj1928 2 жыл бұрын
Great video. Wonder about the depreciation of the business mentioned. Aren't you allowed to depreciate inventory given it uses value, is used up but the estate goes up in value so I suppose you can't depreciate it, or?
@dmitryshestakovsky9059
@dmitryshestakovsky9059 3 жыл бұрын
When is the 2nd part coming out?
@mnotlyon
@mnotlyon 2 жыл бұрын
Here's what I don't understand; What's the exit strategy? I understand depreciation and BRRR and growing with debt, but I don't wanna do this forever. How does one slowly cash out during retirement without getting hosed on taxes?
@user-rp1im7xo6p
@user-rp1im7xo6p 2 жыл бұрын
same question
@TurboShred13
@TurboShred13 2 жыл бұрын
Roth IRA or develop the understanding that you never sell. You always acquire good assets and never sell. You borrow against what you have to get more. Learn to balance your budget and avoid liabilities.
@mnotlyon
@mnotlyon 2 жыл бұрын
@@TurboShred13 Interestingly, I did manage to put most of my real estate into a ROTH. However, Biden is trying to destroy that. :(
@vanieyang956
@vanieyang956 3 жыл бұрын
Thank you for educating us!!!! I am always learning from you!!!!
@therichdadchannel2717
@therichdadchannel2717 3 жыл бұрын
Thank you Vanie
@ledzep59210
@ledzep59210 3 жыл бұрын
T.h.a.n.k.s f.o.r w.a.t.c.h.i.n.g. ㊨s.e.n.d y.o.u.r.i.n.p.u.t . ~W~~H~.~A~.~T~~S~.~A~.~P~.P~ ㊨+1......- 2.....- 2....8....- 3....- 3...- 2.....- 3....7-....5.....- 5..
@Godislove225
@Godislove225 Жыл бұрын
A learn a lot off this channel.👍👌💯
@orizappa1577
@orizappa1577 2 жыл бұрын
Bravo, for givin so much knowledge..
@mcuadra6466
@mcuadra6466 3 жыл бұрын
This was gold.... LOVE IT!!!!!! Thanks to everyone on this episode for all of this education.
@ledzep59210
@ledzep59210 3 жыл бұрын
Thanks for watching'„ endeavor to write as soon as possible for more enlightening tips ~•W~•H~•A~•T~•S~•A~•P~•P •+1•2•28•3•323•7• 55
@samuelblunt9833
@samuelblunt9833 2 жыл бұрын
The Market has been pretty bad lately. Almost everyone have been crying Practically, but It kept dipping. That's what you get when you feel you can navigate the process on your own. Big thank to Ryan Willer. I'm not bothered with how bad the Market is because my assests are insured due to her advice and I still receive my profits
@samuelblunt9833
@samuelblunt9833 2 жыл бұрын
Te le gr am.. @ryanwiller
@luckyjeffs9971
@luckyjeffs9971 2 жыл бұрын
Trading seemed a bit too clouded to me with all those figures going around plus my busy schedule, an hour in a day was just all I needed, now my investment earns for me even more than the time I dedicate at work. Ryan Willer cuts it for me.
@rebekitaann4958
@rebekitaann4958 2 жыл бұрын
i was able to change me car 2 months after constant trading with Ryan signal all i can do is talk about his good work and say thank you God bless you and your family....
@nickclinton9837
@nickclinton9837 2 жыл бұрын
i have been trading with some people they’re good but Ryan is absolutely brilliant and accurate no jokes & that’s on God
@kennedylucas4833
@kennedylucas4833 2 жыл бұрын
He's definitely one of the best crypto experts you can rely on and his signals are mostly 95% accurate, efficient, and easy to execute in your da!ly trades.
@DejaVu-iy8hh
@DejaVu-iy8hh 2 жыл бұрын
I just bought those 3 books of Kenny’s on Audible so I can listen to them while I work.
@pablopuente1166
@pablopuente1166 3 жыл бұрын
It's a great vídeo. I liked your advice. Thanks for your experience.
@dagmaraczuba5876
@dagmaraczuba5876 3 жыл бұрын
Thank You so much for all this extremely valuable information! 💕 And for your time ! I appreciate Kim & Robert so much ! Thank you again! Sending lots of Love 💕
@neilmatthews3590
@neilmatthews3590 3 жыл бұрын
I finally understand what “monetizing debt” really means! I’ve heard that term thrown around so much by financial experts. I guess I had to hear it 101 times to finally get it! Your simple explanation of what it actually means finally clicked. Thanks.
@Al-yf7tm
@Al-yf7tm 3 жыл бұрын
@The Rich Dad Channel SCAMMERS
@kristania411
@kristania411 2 жыл бұрын
I love this video!!! Thank you!!!
@Alessandro1983
@Alessandro1983 Жыл бұрын
Thanks Roberto. I've read 3 of your books 1. Rich Dad Poor Dad 2. Rich Dad Poor Dad: The four Quadrants. 3. Rich Dads Increasing your Financial IQ I'm forever a student of your teachings. Kim is awesome too 😊
@PedroRaposo91
@PedroRaposo91 3 жыл бұрын
I love these guys! Thank you!
@viaisgoncalves
@viaisgoncalves 3 жыл бұрын
Concordo!
@deanbusby5972
@deanbusby5972 3 жыл бұрын
Thank you for your Radio show! Every time I listen to you and your team it builds confidence with in me that I can become financially free ❤️
@ledzep59210
@ledzep59210 3 жыл бұрын
Thanks for watching'„ endeavor to write as soon as possible for more enlightening tips ~•W~•H~•A~•T~•S~•A~•P~•P •+1•2•28•3•323•7• 55
@THEPinballJunkie
@THEPinballJunkie 2 жыл бұрын
Are there LINKS to the other 4 parts of this video series?
@Zero2Mars
@Zero2Mars 2 жыл бұрын
All the talk about team, what does the team consist of? And do you start a property management company that you use when you purchase property? How does this work exactly?
@williamrett8422
@williamrett8422 3 жыл бұрын
My head is spinning... in a good way. Thank you for teaching those who want to be in B and I!
@ledzep59210
@ledzep59210 3 жыл бұрын
T.h.a.n.k.s f.o.r w.a.t.c.h.i.n.g. ㊨s.e.n.d y.o.u.r.i.n.p.u.t . ~W~~H~.~A~.~T~~S~.~A~.~P~.P~ ㊨+1......- 2.....- 2....8....- 3....- 3...- 2.....- 3....7-....5.....- 5..
@smoothdemon2
@smoothdemon2 3 жыл бұрын
So basically unless you are already rich and own 100+ unit apartment complex, you are screwed
@keithohalloran7216
@keithohalloran7216 Жыл бұрын
Thanks again for year show. Keep up the grate work
@laroybell3313
@laroybell3313 9 ай бұрын
How can I watch the next 3 ciders in this series?
@sunkiss4444
@sunkiss4444 2 жыл бұрын
thank you so much, this is very educational to a lot of people. love it love it!
@grupa2119
@grupa2119 3 жыл бұрын
This is so helpful. I am buying my first flat I'd like to make a business of. I have a corporate job, which allowed me to gather some capital and also pay the mortgage, so I can say, I am doing this both for my own money and other people's money. I'd prefer to do this for cash, but this would take me another thirty years to gather, and my money would be eaten by the inflation. This way I convert my salary into something physical, and since there's huge demand for flats for rent it is absolutely possible that it will finance itself. Even though, I live in Poland, the rules you are discussing are universal. Actually, PLN exchange rate is even fixed to USD
@manuellubian5709
@manuellubian5709 Жыл бұрын
I know this video is old. You mention this is a, "4-parter episode". So, I was wondering if you could either post the other 3 videos in the description boxes, OR post the links as part of a reply back to me. Thank You.
@eleonorasebos300
@eleonorasebos300 Жыл бұрын
You are the Best! Thanks a lot for your education!👍🙏
@anthonyandrews7858
@anthonyandrews7858 3 жыл бұрын
depreciation is magic
@buildingconnections6090
@buildingconnections6090 3 жыл бұрын
So informative 👏 I just need to act on it! I'm chipping away at it! Thank you for all your support & guidance 🙏
@ledzep59210
@ledzep59210 3 жыл бұрын
Thanks for watching'„ endeavor to write as soon as possible for more enlightening tips ~•W~•H~•A~•T~•S~•A~•P~•P •+1•2•28•3•323•7• 55....
@icecoldies
@icecoldies 3 жыл бұрын
In the UK the interest on a property loan can no longer be off set against the profits......we also have to pay 3% extra stamp duty on a 2nd home purchase unless you have 15 or more properties
@glenbegin9152
@glenbegin9152 3 жыл бұрын
I really wish i could understand this better? I don't have the taxe code or financial education and were do you find the investors in it anyways?
@MahasSaham79
@MahasSaham79 3 жыл бұрын
Is there a link for the other videos to the 4 part series...or are those yet to come? Im looking on the channel but don't see them- Ty for your insight! Priceless🤗
@therichdadchannel9795
@therichdadchannel9795 3 жыл бұрын
Appreciate your review, do you experience difficulty in trading? Inbox Kathleen Anne Grace
@therichdadchannel9795
@therichdadchannel9795 3 жыл бұрын
‪+‬ 1 7 3 2 5 2 7 4 8 6 5
@MahasSaham79
@MahasSaham79 3 жыл бұрын
@@therichdadchannel9795 man, you scammers show up quick, on every channel.
@JasonWorley321
@JasonWorley321 3 жыл бұрын
How about investing in multifamily 288-units in Dallas, Texas? Just closed 208-units. Was able to because of you Robert and Tom! Thank you.
@ledzep59210
@ledzep59210 3 жыл бұрын
T.h.a.n.k.s f.o.r w.a.t.c.h.i.n.g. ㊨s.e.n.d y.o.u.r.i.n.p.u.t . ~W~~H~.~A~.~T~~S~.~A~.~P~.P~ ㊨+1......- 2.....- 2....8....- 3....- 3...- 2.....- 3....7-....5.....- 5..
@HartleyTopTips
@HartleyTopTips 3 жыл бұрын
Glad i stumbled across this, great information!
@ledzep59210
@ledzep59210 3 жыл бұрын
Thanks for watching'„ endeavor to write as soon as possible for more enlightening tips ~•W~•H~•A~•T~•S~•A~•P~•P •+1•2•28•3•323•7• 55....
@adalgizaarango7973
@adalgizaarango7973 2 жыл бұрын
Kim you are great. Love your gentleness and wisdom. God bless you
@dkodesh
@dkodesh 3 жыл бұрын
Yessir. Knowledge is power!
@jabac4596
@jabac4596 2 жыл бұрын
This was very informative and made total sense. I do have one question though, when does the cycle stop? When do you actually use that money as supposed to keep reinvesting into new properties?
@jessicamassingill2312
@jessicamassingill2312 2 жыл бұрын
I am wondering the SAME thing. Isn't reinvesting the money just prolonging the inevitable? I thought that they had to all pay taxes at the end whenever they sold their properties.
@ericlatour849
@ericlatour849 2 жыл бұрын
1031 Exchange. If you reinvest in a like asset it's not a taxable event. Than you get to start depreciation on that asset (if it's real estate for 27 years). You eventually have to pay taxes if you don't reinvest the money after a sale.
@cuarajhyrojayju4397
@cuarajhyrojayju4397 2 жыл бұрын
You make money on rental income when you sales use 1031 exchange
@mikek545
@mikek545 Жыл бұрын
You don’t use the money, if you do you are liable for taxes.
@brady2308
@brady2308 2 жыл бұрын
Can someone please drop a link to the other 3 parts of this?
@diegoarcila842
@diegoarcila842 3 жыл бұрын
Thanks Robert great video!
@arthurbegin669
@arthurbegin669 3 жыл бұрын
Listening to your channel has changed my life and although my girlfriend and I are still working full time, that may change soon to handle our properties. We are on our way thanks to you.
@mrwhywhy3931
@mrwhywhy3931 3 жыл бұрын
Thanksforyour feedbackForguidances on cryptocurrency ✓ W•h•a•t•s•A•p•p >+1>
@LastEmpireOfMusic
@LastEmpireOfMusic 3 жыл бұрын
yeah but any real estate rental income is also income taxed. so its not like "THE one and only best choice"
@topflightlawncarelandscape316
@topflightlawncarelandscape316 3 жыл бұрын
It is actually taxed but your incentives make it practically tax free
@jgg204
@jgg204 3 жыл бұрын
Starting with $5,000 30 yrs ago and buying a cash flowing duplex from a printed MLS booklet for $60,000 that people were not price bidding over..... is a lot different than today which according to the BLS that $5,000 back then, would be ~$20,000 today and that $60,000 duplex is now $450,000, and sellers are throwing out all offers below 30% down that don't waive all contingencies. So you either need a ton of cash, or you need to pull in MORE people than ever before. I remember when you could pick up a MLS booklet and flip though duplexes and quads that were up for sale, or going up for sale soon by builders. You could pick and choose casually. Duplexes and Quads go under contract the following day 20%+ above asking and in many cases all cash buyers
@donskeptics6274
@donskeptics6274 2 жыл бұрын
I am filipino residing in abu dhabi since watch and read your books i have a feeling i know better than those who are graduated wiith business degree in university.. thank you Robert K
@iAnastasiaRex
@iAnastasiaRex 2 жыл бұрын
*†①②①⑧②⑧⑧③⑨⑥①__∗*....
@iAnastasiaRex
@iAnastasiaRex 2 жыл бұрын
*Whats=App the above N⁰...*
@brianvaughan4336
@brianvaughan4336 3 жыл бұрын
With a solid business plan in place and utilizing the strategies discussed in this incredible video I am going to make a boatload of money. Grateful for Ken and Robert.
@ambitiousdeen5525
@ambitiousdeen5525 3 жыл бұрын
Thanks for the feedback.....for more information *+1/7./8./.6../4./..3./..2./..3.../4../3../1* W •H•A•T•S•A•P•P.••••M•E 🔅 🔅 🔅 🔅 🔅 🔅
@johnhundt5179
@johnhundt5179 3 жыл бұрын
I've said this before I wish I had this knowledge when I was 20 years old, been buying silver for a few months now and going to wait until the market crashes and then going to buy my first rental property. Thank you for putting out the great content, all of you have opened my eyes on silver, gold and real estate.
@ledzep59210
@ledzep59210 3 жыл бұрын
Thanks for watching'„ endeavor to write as soon as possible for more enlightening tips ~•W~•H~•A~•T~•S~•A~•P~•P •+1•2•28•3•323•7• 55
@joycemwangi9452
@joycemwangi9452 3 жыл бұрын
Where do you buy the silver
@TurboShred13
@TurboShred13 2 жыл бұрын
Bitcoin and Ethereum will continue to outperform these markets.
@debralynn3099
@debralynn3099 2 жыл бұрын
I love you guys. Thank you!
@anthonyclinkscales1
@anthonyclinkscales1 4 ай бұрын
This is really great advice. Thank you
@sandrakaras9693
@sandrakaras9693 2 жыл бұрын
28:20 - dam I need a Kenny.
@Eddybaby01
@Eddybaby01 3 жыл бұрын
That’s great to hear that Robert kicks it with Dave Ramsey
@heatscouters7800
@heatscouters7800 3 жыл бұрын
What do you think about Concreit app for investing in real estate?
@carlosolivera4331
@carlosolivera4331 3 жыл бұрын
Where are the other 3 videos ?
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