rich Dad Poor Dad - Robert Kiyosaki [FULL SUMMARY]

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@littlebitbetter7 8 ай бұрын

Check out 2nd book from Robert Kiyosaki called INCREASING YOUR FINANCIAL IQ - kzbin.info/aero/PLlbl0lCipVeM3Ci3pG5GaiVcL01UMw9Z4&si=WTciMOspeBEQuvcp

@krajames4624 7 ай бұрын

@davidmwangi7592 6 ай бұрын

❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤

@richardsumo7349 3 ай бұрын

Vyyyvyvyvbq

@Thomas.Bolleiro 3 ай бұрын

He'll soon write a similar book called, "Gay Dad Transgender Dad"

@semi2410 3 ай бұрын

30:58 31:00

@V.stones 8 сағат бұрын

Indeed, school dont teach that. How do you guys makd it in stock to be honest.

@Johnwhite-c3n 7 сағат бұрын

The stock market is definitely picking up pace right now, but I still think investors should be careful at this time. I'm actually a newbie in this space, so I'm open to hearing other investors' take on this.

@Sanchyfab 7 сағат бұрын

I think the market is likely at its best now, but I still believe having a financial advisor is crucial to navigate the market and moderate your risk. Their expertise can really help you make informed decisions

@Robby767 7 сағат бұрын

I agree. I've been working with a financial advisor since 2020, and I return up to 15k every month, and I don't even have to lift a finger. Although I also think the reason I make this much is because I started with significant capital

@Adam-dm8wg 7 сағат бұрын

Thanks for sharing your experience! I've been managing my portfolio myself, but it's not working out. Do you have any recommendations for a good investment advisor? I could really use some help

@Robby767 7 сағат бұрын

My CFA, Joseph Nick Cahill, is a renowned figure in his field. I recommend researching his name online; you'll find all his credentials and everything you need to work with a reliable professional. With many years of experience, he is a valuable resource for anyone looking to navigate the financial market.

@philipfletch Ай бұрын

"Investments are the roots of financial security; the deeper they grow, the stronger your future will be."

@RoseGuerra7862 Ай бұрын

The deeper your investment roots, the stronger your financial security will be in the future.

@martinheaway Ай бұрын

Exactly! With my adviser, I’ve cultivated deep investment roots, strengthening my financial security for the future.

@JaneClark7861 Ай бұрын

I would love an introduction to an adviser who can help me strengthen my financial roots.

@martinheaway Ай бұрын

Amy Desiree Irish is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.

@JaneClark7861 Ай бұрын

Thank you for this amazing tip. I just looked the name up and wrote her.

@Raymondcraw1967RaymondCrawley 13 күн бұрын

The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies

@FaithAndrada-xo9ou 13 күн бұрын

The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading.

@AndersonFair-cy2bb 13 күн бұрын

Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again

@BrewerVera 13 күн бұрын

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfoIlo allocation

@AndersonFair-cy2bb 13 күн бұрын

Amy Desiree Irish is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.

@BrewerVera 13 күн бұрын

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

@JitenderKumar-ty7uv 8 күн бұрын

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

@jameswood9772 6 ай бұрын

In my view, staying invested is not just a financial strategy; it's a philosophy that aligns with long-term wealth-building. Markets have their ups and downs, but history has shown that, over time, they tend to appreciate. By weathering the short-term fluctuations and remaining invested, one has the opportunity to benefit from the compounding effect, capitalize on market recoveries, and achieve financial growth. Staying invested requires patience, discipline, and a focus on the bigger picture - a strategy that, in the journey towards wealth, has proven to be consistently rewarding.

@alexyoung3126 6 ай бұрын

I began my investment journey at the age of 33, primarily through hard work and dedication. Now at the age of 38, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.

@chris-pj7rk 6 ай бұрын

The truth is that this is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. My friend just pulled in more than $84k last month alone from his investment with his advisor. That is how people are able to make such huge profits in the market

@checkforme234 6 ай бұрын

I have set aside $30k since the start of the year, but I've been hesitant to go into the market by myself because of fear of a crash. How about you recommend your financial advisor, please? I could really use some help.

@chris-pj7rk 6 ай бұрын

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Amy Desiree Irish” for about five aiyears now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

@checkforme234 6 ай бұрын

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

@jankokreso4827 6 күн бұрын

it’s kinda crazy how nobody’s talking about Antozent, they are selling 250 self help books for the price of one, including this one.

@petarkolakovic8417 6 күн бұрын

Yea just seen in its honesly amazing, they have all the books i wanted in 1 place for the price of 1.

@blackhowl19 11 ай бұрын

TLDR Rich Dad: Emphasizes the importance of financial education. Advocates for assets that generate passive income (investments, businesses). Believes in taking calculated risks to achieve wealth. Poor Dad: Focuses on traditional education and job security. Encourages working for a stable paycheck and saving money. Believes in avoiding risks and sticking to the conventional path. Key lessons: Invest in Assets: Acquire income-generating assets rather than liabilities. Mindset Shift: Develop a mindset geared toward financial independence and entrepreneurship. Financial Education: Continuously educate yourself about money and investing. Ultimately, the book encourages readers to challenge conventional beliefs about money, work towards financial literacy, and strive for financial independence.

@adamross4295 11 ай бұрын

Hedge funds will fuck up your mid to small caps with naked shorting.

@HubertoMadalena-rz4xs 7 ай бұрын

financial education means nothing if you have to work to feed yourself and your family

@emmanuelessiet8048 6 ай бұрын

❤

@ThisIsJ.Nicole 6 ай бұрын

The more knowledge you have about money, the more you make it work for you. You can have two people that make the same income but one be a saver and one be a spender.@HubertoMadalena-rz4xs

@JosephineJumokeFlourishHH 4 ай бұрын

@@HubertoMadalena-rz4xs It's meant to give you a #mindset that will make you start investing so as to not work for money , but to make money work for you...

@bkmitch100 8 ай бұрын

I read this book about 15 years ago. Many of the lessons are sound. I was living paycheck to paycheck. I now own a home with over half a million in equity. Do not constantly budget to make sure bills are going to be paid. I am an active stock trader. While the market was going red my account was running greener then ever. Take the time to learn as much as you can about money and how it works. I will not happen over night. Also some background, I am native american and grew up very poor. I did not have running water and had electricity via generator. you can do it, just one step at a time and belief in yourself.

@blessedjoan9927 6 ай бұрын

I read it this month few days ago

@AlexZ-lc6nl 6 ай бұрын

Would love to connect with you someday and learn, even if for free. Seriously. Inspiration.

@techarch8851 5 ай бұрын

What happens when all your investments go down the toilet

@randomnub4990 5 ай бұрын

@@techarch8851try again

@noileneantonettemolinar 4 ай бұрын

I would love to hear from you . Because I also really want to change the course of my life, to have millions . But I don't know where to start .

@hersdera 6 ай бұрын

I must say you are an inspiration because I started up investing and trading as a scared investor who doesn’t want to lose money, glad to say I’m very profitable now and bought my first house through it

@HectorWhitney 6 ай бұрын

As a beginner, educate yourself: Learn the basics of investing and the stock market. There are many resources available online , including books, articles, and online courses. It’s a good idea to diversify your portfolio across different stocks and sectors to minimize risk.

@PaulKatrina. 6 ай бұрын

@ScottKindle-bk3hx 6 ай бұрын

Wow! This is just mind-blowing. I have set aside $80k since the start of the year, but I've been hesitant to go into the market by myself because of fear of a crash. How about you recommend your financial advisor, please? I could really use some help.

@PaulKatrina. 6 ай бұрын

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five aiyears now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

@gracesanga2497 6 ай бұрын

Good news

@tatianastarcic 3 ай бұрын

Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.

@berniceburgos- 3 ай бұрын

I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value

@PaulKatrina. 3 ай бұрын

Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.

@Hectorkante 3 ай бұрын

Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I’m in dire need for one.

@PaulKatrina. 3 ай бұрын

My CFA ’Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

@BridgetMiller- 3 ай бұрын

She appears to be well-educated and well-read. I ran a Google search on her name and came across her website… thank you for sharing.

@adi78212 Ай бұрын

it's kinda crazy how nobody's talking about the forbidden ebook called success secrets of the elite

@Ghost_3209_A Ай бұрын

Where do I get it

@adi78212 Ай бұрын

@@Ghost_3209_A You can find it on Borlest

@Mindpodcasthub Ай бұрын

@@Ghost_3209_A Borlest

@Aminti01 Ай бұрын

Bot booooo GET OUT

@adi78212 Ай бұрын

@@Aminti01 Can't even help people

@mindlessdillan Жыл бұрын

I read halfway through this book, looked into Robert, saw a clip where he said "I don't like to write books, I write them because they create income" Immediately put RDPD back in the little free library I found it. I believe there is knowledge to be had in this book, but none of it is useful if your expenses outweigh your income, which is true for most Americans. I'm sure if you had a friend to lend you $2200 dollars, you wouldn't be poor. I'm sure it your rent wasn't $1600, you wouldn't be poor. I'm sure if you weren't homeless, you'd know that house is a liability. His works just seem very out of touch to how most people lead their lives. This is a book I'd recommend to a teenager to get a grasp of finance, but definitely not a guidelines to becoming rich. Thank you for uploading this, I was interested to know the rest of the book, but could not being myself to finish it.

@1lifeonearth Жыл бұрын

Very very good point. Apparently this author didn't actually learn anything from rich dad, because the author hasn't created a successful business. His only business is peddling his book. That makes him no different than a fake youtube guru who only profits from peddling ideas that he didn't follow himself.

@mindlessdillan Жыл бұрын

@@1lifeonearth your reply is my exact thoughts on the book, and why it has been promptly returned to the little free library near me! Sometimes, there's a reason a book ends up free.

@mindlessdillan Жыл бұрын

I would also like to add to the content creator a thanks for doing this summary and creating this video. While my criticism of the book was overall negative, I wouldn't have been able to develop a matured opinion, of a half read book, without this video. The hard work on the summary and editing shows, I'm glad for that effort to be accessible for educational use.

@Sc9cvsd 11 ай бұрын

The fact robert is a grifter doesnt change the fact this really is the steps for someone to be rich. But they do need a high enough paying job and the drive for more. Someone making barely enough to survive wont thrive on these ideas but someone making say $150k a year isn't rich and is still in the rat race especially if they let lifestyle creep catch them but could use these principals to go from being a $150k a year wage slave rat to rich and retired young

@bringblink182 Ай бұрын

Nailed it. Robert only makes money on selling folk the idea of "how tk make money" he's also filed for bankruptcy multiple times. He's a grifter and the lesson to learn from the books is, create a scam people will pay you for like him.

@alessandromariani3015 Жыл бұрын

Earning money isn't a science , it's an objective... like going into a shop to get some shoes. Science tells you how to improve, like everything, and the right name for such science is Finance, which study exactly that. So finance it's a science that study all the possible ways of obtaining, managing and using money.

@ManifoldGracetech 6 ай бұрын

Wow

@niniserenity_ 11 ай бұрын

So I was watching this with my 8-year-old son beside me, suddenly at 5:15 he asked me, "Why do we have to live long? What's the point of living on this earth?"

@ri28ch28 11 ай бұрын

You should live long to help others - many, many people, for a long, long time. To be able to help others, you need to get rich. To be able to get rich, you need to get educated.

@SawzawOrSomething 11 ай бұрын

Tell him We don't live long actually, if you compare any one moment to the rest of your life time, it seems long sure. Though should you compare the time of one's life to all the rest of time out side of that life.. that humans life happens faster than a moment

@dumpsterfire6351 10 ай бұрын

Life is about much more than money. Make good ethical decisions and live a full life.

@niniserenity_ 10 ай бұрын

@@ri28ch28Exaclty what I told him but not only people but the animals too.

@Millwall42 9 ай бұрын

You have a smart kid.. His point was... is this what life is all about?.. or we've a purpose here...

@bollweevil8112 10 ай бұрын

Rich people need poor people to do things for them. Rich people care less about humanity. Most people want enough money, but don’t want to be a rich person

@tittos9651 7 ай бұрын

There is a desire to be rich if you want the capability of helping people.

@yugalsharma13 2 ай бұрын

True that. If everyone's rich, no one will be.

@tomtomwhatwhat22 Ай бұрын

exactly

@keithskoglund10 Ай бұрын

Poor people don’t accept responsibility to own their own company. So this opinion of yours is invalid. Take out loans and start your own company to be rich.

@station-7 Ай бұрын

@@keithskoglund10”accept responsibility”? No one’s offering me a company man…

@taranggwesu3349 11 ай бұрын

One of the books that brought change to my perception towards life

@JenniferDavis7630 5 ай бұрын

I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains within months, I'm really just confused at this point.

@Angelinacortez495 5 ай бұрын

I found her page by searching for her entire name online. After that, I emailed her and we set up a meeting so we could talk; I'm currently waiting on her response.

@positivepower333 5 ай бұрын

@JosephineJumokeFlourishHH 4 ай бұрын

Listening to this audio summary should go a long way for you to make your informed yet independent decision. Why don't you re-invest in properties so as to earn a periodic, consistent rental income? Robert Kiyosaki's company still trains. Thach Nguyen also does on real estate.

@crystalccastro 4 ай бұрын

read the book “money master the game” by tony robbins. it helped me shift my mindset

@nishantwagh2863 4 ай бұрын

Do proper study or take advice from stock expert

@BurningDesire_letsgo 6 ай бұрын

Beware of scammers, always trust but verify and verify some more before investing a penny… Too many scammers in our 🌎….

@giovannifoulmouth7205 2 ай бұрын

this comment section is full of scammers

@ayylien3070 2 ай бұрын

Any KZbin video involving money/investing will be flooded with bot comments advertising "advisers" who scam people out of their life savings via "pig butchering" scams.

@AndrewReginald 10 ай бұрын

*Good investment ideas will hold their value or increase in value for long time. This will allow you to exit at a good price. Short time investment's should have a high level of proper guide. Thanks to Mylah Evander the lady you recommended*

@AndrewReginald 10 ай бұрын

That woman totally changed my life for good. I have come across individuals but none is as honest as Mylah. So surprised you know her too.

@AndrewReginald 10 ай бұрын

SHE'S MOSTLY ON TELEGAMS WITH THE BELOW NAME!!!

@AndrewReginald 10 ай бұрын

MYLAH EVAN1

@ameliaemerson2250 11 ай бұрын

The year is almost over and very glad about the decisions I have made so far. Investing in the market earlier this year regardless of the market conditions has saved my life. I made over 70k USD with a start of 25k in the last 7 months. I know it's nothing compared to what others make but I'm glad I'm changing my finances.

@Mikael00898 11 ай бұрын

Spot on. The market presents different opportunities to create passive income, with the right skill and proper understanding you're good to go.

@getitbig9142 11 ай бұрын

@yung1448How were you able to make that much? Seems like I'm not lucky enough.

@getitbig9142 11 ай бұрын

I'm very much aware of the great benefits of working with a pro but I haven't found one for myself.

@getitbig9142 11 ай бұрын

Definitely grabbing this opportunity. Thanks so much, just found her webpage

@chubbys.b8202 11 ай бұрын

lnvesting in the crypt0market also changed my financial life. I was able to clear my debt and also created a passive income.

@alexmousley7213 Жыл бұрын

The irony is that Kiyosaki made money selling courses about making money, his other businesses failed and he got his leg up by selling courses to people in a pyramid scheme!

@bengali481 Жыл бұрын

and before that he scammed friends and family with amway

@mikhailvarkovsky4150 Жыл бұрын

Most of the book is heavy larping and stories that never happened. Also investing in real estate is boomer advice at this point, in these dystopian times is just too expensive to acquire one single house to live in. I find the real lesson of the book is writing a best seller with a catchy controversial title and live off the royalties, you don't even have to write a great book, write trash like The power of now and people will flock to buy it

@Zach-ls1if 7 ай бұрын

A lot of other people that are rich receive a significant inheritance at some point. That’s actually a big factor that separates many middle class from rich.

@markganus1085 7 ай бұрын

thank God for at last a non-bot comment

@Zach-ls1if 7 ай бұрын

@@markganus1085 I’m gay

@Thyago2420 10 күн бұрын

I have done over $400 k from a $ 50k capital so far since deciding to take more risks for growth, I have had a succession of payouts from Mining and trading Crypto, I recently diversified some profits into Forex and dividend paying Stocks and some for long term hold

@olivia4182 10 күн бұрын

Honestly, I have been seeing and hearing the craze about this Bitcoin stuff, I would like to trade or invest into it but I have no idea how to do that, can you guide me

@inix2057 10 күн бұрын

The emergence of Trump as president has also been boosting the crypto market, I am also profiting from it a lot

@Thyago2420 10 күн бұрын

I employ the expertise of a pro for that, Benjamin ravies because it isn't as easy as it seems

@olivia4182 10 күн бұрын

Thanks for the lead, just searched Benjamin by his full name and easily spotted his profile.. already followed him but I will like a closer approach

@Thyago2420 10 күн бұрын

Benjamin ravies That’s his gmal okay

@tylerdphoto 24 күн бұрын

23:45 makes absolutely no sense no matter how many times I’ve watched it. Dude borrows $2000 from a friend to buy a 75,000 house, and then immediately sells it the house for 60k. All he did was put yourself 15K in the hole. These rich guys are all about accumulating debt while never paying it off.

@kingmatt9974 3 күн бұрын

My brain was trying into mush trying to wrap my head around it 😂

@BumpkinBros Күн бұрын

Dude my thought exactly

@kimwieczorek1879 11 ай бұрын

This was my 2nd fav. book. My fav. book was The Millionaire Next Door.

@hoseakapami928 5 ай бұрын

Hey am asking for book

@spunkflunk Жыл бұрын

Where are u getting these $numbers? Or when is it suposrd to take place, in the 1920s??! 25cents an hour pay??! 10 cents to rent a comic?? 1 dollar a week to be be a librarian

@fernandorodriguez876 Жыл бұрын

Probably just numbers used for an example lol

@Sc9cvsd 11 ай бұрын

Robert is like 75 now. This is supposed to be about his childhood

@danielhancock6953 11 ай бұрын

The advice in the video is excellent and true for an ambitious person. It was easier for me to get rich when i learnt the method of diversification for my investment portfolio. Like spread my investments across different asset classes to manage risk. I focused on capital appreciation through high-risk, high-reward assets. Income-oriented strategies target regular income from dividend stocks and bonds. Used the value strategy to seek out undervalued assets for potential long-term gains. Worked magic!

@danielhancock6953 11 ай бұрын

Not because of ignorance, It's because of the high rate of unprofessionalism in the crypto market.

@henrymark1379 11 ай бұрын

The crypto market has been unfavorable for months and i keep losing my money selling off during dips, i'm very scared of holding right now. how do you guys still make so much?

@danielhancock6953 11 ай бұрын

As a beginner investor, it's essential for you to have a mentor to keep you accountable . Myself I'm guided by Mrs Olivia Brown, a widely known crypto consultant

@claralucas354 11 ай бұрын

Crypto is a whole different ball park. I would only invest funds in it that you are willing to lose or don't need. In terms of day trading crypto I don't keep a eye on anything at the moment except XRP. Wouldn't be right guy for day trading crypto

@danielhancock6953 11 ай бұрын

That's right, you need an experienced trader to make good profits trading cryptocurrencies

@KatarzynaKapusta-r7j 9 ай бұрын

As you can see on the example of the rich dad and Robert himself, there is no better business than preaching.

@awukustudios Жыл бұрын

I have alsways wanted to read this book for years, and i finally get a whole simple narration in 30min pinpointing the lessons in the book. Thank you very much for helping us broaden our knowledge through this video.

@McMallister Жыл бұрын

Makes me want to buy the book now 😂

@droman608 Жыл бұрын

Usually books, ads and seminars “teach” (or tell) without showing. This video compresses the knowledge to succeed in a way that’s understandable (and for free). Thanks for this valuable life lesson! 😎💯

@CristianDiaz-tg1pj Жыл бұрын

Did you actually “want” to read the book, though? Or was it an idea? Because usually when we really want something we just go out and do it. I wish courage and best of luck for you my friend to get the great things in life. Check out The Richest Man in Babylon when you get a chance.

@chrisrodrigues3288 Жыл бұрын

@@droman608l

@C_U_R_I_E_L 11 сағат бұрын

Hurdy hurrr "lets talk about how privileged we are and why having empathy, compassion, humility, patience, and kindness is a way to just die and/or be poor forever" should have been the book title.

@haveascottyday1405 Жыл бұрын

A great lesson was learned by my father-in-law. He gave each of his kids an "allowance" of $50k when they married. House, marriage, or both: your choice. Two kids spent it all on the wedding. We spent $10k on the destination wedding and placed a down payment on our home which we still live in 10 years later. We now have 60+ rental keys and multiple businesses. I still have my day job which helped accelerate things. The others are still renting. Edit: those businesses operate on "the McDonalds' model". We own the real estate. The businesses make a little money AND pay us rent--also they employ family and friends. The latter is something that many of us could only dream of when growing up.

@r5t6y7u8 Жыл бұрын

Never married, no kids, and inherited $30K when my Dad died. Every dime - and then some - went into my mortgage, which I paid off in 12 years. No idea what my sister did with her $30K. AFAIK, she's still flat broke and living with her boyfriend.

@Exata1337 Жыл бұрын

im pretty sure a 40k down payment on a house (in an economy where the average/median is mentioned as being upwards of 400k), isnt gonna make you able to afford all that in 10 years, thats more related to you making bank of your job or business, not because you saved 300/month on mortgage. sure enough spending it all on a wedding is stupid, but they wouldnt be anywhere near your situation simply due to putting 40k on a down payment to reduce the monthly payment lol

@electron6825 Жыл бұрын

I wonder what crucial details are missing from this story? 🤔

@haveascottyday1405 Жыл бұрын

I bought a really nice home for the area that was far too big for my family at the time. It was $215k. In 2013, that was larger than I needed but I still live in it, so it obviously worked according to my family plan. I got rid of the PMI about 1 year later as values increased and I eclipsed the 20% threshold for PMI. I live in a pretty rural area. Things are cheaper. And things were cheaper 10 years ago. At the time, I was making $52k at my 9-5. That same company now pays me a salary of $78k. Obviously good money, but it also wasn't "big city money". The missing factors, looking back at my comment, were two things: #1 I averaged at least another 40+ hours of work every week starting those businesses/fixing rentals. As one job finished, I rented it, took it to the bank to leverage it, and then bought the next one. #2 I worked so much, I rarely had any time to spend any money.@@Exata1337

@EarlNamahoe Жыл бұрын

@@Exata1337 you are a doubter...but you are BROKE.....learn how to take over other peoples properties by solving their problems...it is done every day.....I HAVE ONLY 6 PROPERTIES...but leveraging those to buy one more house is relatively simple...I procrastinate too much,but I will get around to doing more in the new year....you never will.......that I KNOW.......

@ZeeMan-xu9kx 7 ай бұрын

This seems like the worst period. Even the market are now very unpredictable. Started investing recently when the market prices were a bit high,today I am more than 60% down!

@GeneticBen 7 ай бұрын

Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to Alexandra marie

@ZeeMan-xu9kx 7 ай бұрын

Please educate me, i'm willing to make consultations to improve my situation,

@GeneticBen 7 ай бұрын

She's recognized as 'Mrs marie. One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.

@ReyesM-oz9li 7 ай бұрын

I even thought I'm the only one she has helped walk through the fears and falls of forex trading.....

@ZeeMan-xu9kx 7 ай бұрын

Please how do I find this financial counselor?

@JefferyDuns 8 ай бұрын

I really saw the potential of the stock market by reading Berkshire's annual letters. I recently sold my $674k apartment in the Bel Air area and I'm hoping to throw it into the stock market. I just don't want to lose everything.

@mikeroper353 8 ай бұрын

Most people either do not understand the power of compound interest, or are just impatient. For the average Joe, however, I think it is just best to invest in the S&P 500, and just wait, which is reliable, albeit extremely long-- lots of years. Or just use a professional analyst and speed up wealth creation. Most people underestimate the power of the latter.

@PatrickLloyd- 8 ай бұрын

I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000

@PhilipDunk 8 ай бұрын

I'm actually interested in this idea of investing through an analyst. Sounds like the most sensible thing to do in the market right now. Could you give me a pointer to who you work with, please?

@PatrickLloyd- 8 ай бұрын

“Melissa Rose Francks’' 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.

@PhilipDunk 8 ай бұрын

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.

@derekscarsone8475 Жыл бұрын

For anyone who is confused with the math of the home purchase example: The video forgets to mention that the house is “worth 75k” but his actual purchase price was 20k with a 10% down payment (2k). This was because the economy was collapsing at the time. The new home buyer paid in cash for a ridiculous price of 60k thinking they got a nice discount from the original 75k evaluation, when Robert had an even bigger discount. He pays off the old loan of 20k from the 60k of the new buyer and keeps the 40k for himself.

@JERZEEHOTBOY Жыл бұрын

Thanks! I had to rewind that part!

@georgejones4071 Жыл бұрын

It's called scalping, flipping or whatever they may call it now. Cars is a cheaper form that can get a foot in the door. Buy cheap sell high, but what you need is to be a peaple person type or natural sales ability . That and drive. Which all leads to a early death 🤔 from worry an stress otherwise you are just worked to death ...

@andrewwashere82 Жыл бұрын

@@georgejones4071 So either way you lose. Die early from the stress of wealth or live long as a paid slave?

@reaper_ballz Жыл бұрын

uh sooo i still dont understand robert bought a house that cost 20k? but was worth 75k? wouldnt the seller know that and sell it at 75k or more? did he bargain it down to just 20k? how the hell did he sell it at the price of 60k when it was worth 20k cuz a house worth 75k wouldnt at all be sold at 20k

@itoibo4208 Жыл бұрын

@@reaper_ballz buyers and sellers are not always well informed, but the main way to get a cheap deal is to find someone in distress. Maybe they cannot afford the payments and the house is losing them money because they cannot fix it up or whatever. Usually the flipper will buy it cheap from someone who needs the money now, put anything from a paint job to a renovation on it, and then sell it. A few thousand dollars in cleaning and fixits can turn a poor looking home into a nice looking home worth a lot more to buyers who just want something nice to move into.

@Middlestepofficial 11 ай бұрын

Better to be poor and happy with your family, than rich and miserable without time for anything in life.

@YTmakesDumbUpdates Ай бұрын

I find you have less time the poorer you are. but everyone is different, and chooses different paths.

@morbidzombii Ай бұрын

Rather be rich and miserable than Poor putting on a false sense of happiness dealing with the struggle that comes with it.

@illLucifer 24 күн бұрын

Sounds like some shit a broke guy would say

@esmolol4091 11 ай бұрын

#1. True, the rich get money from their parents, passed over the generations. House, property etc. which makes life easier instantaneously for the kids, since they don't have to pay rent, furniture, etc. when they are grown up. You can't turn into a millionaire just by working hard. It's impossible, without insane luck. It's still better to be able to work hard, even if the outcome might be low. Being wealthy from your heritage increases the risk to feel entitled but being lazy and a despicable person.

@richardlyman2961 11 ай бұрын

You can definitely become a millionaire with hard work, I’m only 18 and I’ve already touched a quarter mil. You need to take risks and work hard.

@HubertoMadalena-rz4xs 7 ай бұрын

it's impossible to become a millionaire with hard work and discipline alone. you need something else to amass such a huge amount of wealth. usually it involves bendable work ethics, mastery of how to manipulate people and light connivery to get the right people on your side and some lack of empathy.

@nebj1014 4 ай бұрын

Prove it😊

@nebj1014 4 ай бұрын

@@HubertoMadalena-rz4xs there's a channel called Hard Knocks something... Guy going around asking wealthy people how they got that way, you might find that you are not entirely right in your comment. One last became a millionaire by age 20 because she used a business credit to start an Airbnb business when she lost her job as a nanny during c0vid. There's other videos that show people who grew up rich learning lessons from impoverished people and they were actually kind, sympathetic and humbled. They were also hard workers themselves. We shouldn't assume the rich are mean and/or lazy - mean people are mean and lazy people are lazy no matter how much money they've got. And wealthy people didn't get that way by being lazy so they certainly didn't allow their children to be. The just don't "work" the same way we do but they are still human just like us❤

@allenheydari356 Жыл бұрын

In 2010, the Canadian Broadcasting Corporation did an exposé on scams that were being perpetuated by Kiyosaki's company in Canada in the guise of seminars.[23] Upon tracking the success claims of "Rich Dad" seminar organizers, they discovered that these claims were not true. Investments in trailers and trailer parks, which were being propagated as "successful" by seminar teachers, were found to actually be barren pieces of land that no one was using. Kiyosaki's advice has been criticized for emphasizing anecdotes and containing nothing in the way of concrete advice on how readers should proceed or work.[24] In 2006 and 2007, Kiyosaki's Rich Dad seminars continued to promote real estate as a sound investment, just before their prices came crashing down.[25]

@buddyrevell511 11 ай бұрын

Your information might be valid, but there is nothing in this video that doesn't ring true. Phenomenology shows us that it is.

@davidbolton6691 11 ай бұрын

"The Canadian Broadcasting Corporation"

@andrewferguson222 11 ай бұрын

@@davidbolton6691 Yeah we usually call it the CBC, they're a very reputable news source, and they're absolutely correct that Kiyosaki's business is pyramid schemes dressed up as seminars that are essentially drawn out versions of this video. Don't join Amway

@iamalphalim 4 ай бұрын

Cool story bro What’s your improved way to create wealth?

@dovefooks 11 ай бұрын

This is so good. I love the book but I love the visuals of this video more. Thank you!!

@riku3716 Жыл бұрын

Not allowed to ask question before choosing becaude decisiveness. Good decision is based on information. Acting like taking a moment to ask questions is wrong just encourages people to rush into decisions without consideration.

@iirekm 4 ай бұрын

Kyosaki is rich not because he's a good businessman, but he wrote a book that succeeded, that's all! Self-help book industry is a great business, but what those books tell isn't great. The truth is: except financial literacy (there's a lot of great material about those topics), all other things related to business one has to learn by oneself, from his successful parents or successful friends. No stranger will ever teach you how to do business, because it's like sawing off the branch they sit on! Business is a very competitive area, and sadly for someone to be rich, many others have to be poor and work for him or overconsume his products.

@iamalphalim 3 ай бұрын

@@iirekm Not in a team-build compensation plan Then you succeed the more your team under you succeeds But most people are allergic to MLMs

@Mohamed-s1i 3 ай бұрын

@@iamalphalimHa Ha there you have it

@theresnothinghere59 11 ай бұрын

There is a little problem here: "to be rich you have to buy assets". With what money exactly, if you are not already rich?

@theresnothinghere59 11 ай бұрын

In italy you can't sell a house you just bought.

@khosienhle7060 6 ай бұрын

Get a job first save money as much as you can

@MimiMhair 5 ай бұрын

use other people's money to start networking

@debradalmas6972 3 ай бұрын

How@@MimiMhair

@tppnr 4 күн бұрын

@@theresnothinghere59 yes you can

@HiroHiromi-lz3oi 16 күн бұрын

0:51 Lesson 1 13:05 Lesson 2 16:54 Lesson 3 20:31 Lesson 4 23:11 Lesson 5 25:25 Lesson 6 28:17 Lesson 7

@nileshrughani1354 10 ай бұрын

When I was 13 I read this book and it changed my perspective if money

@WanBadGaming 10 ай бұрын

Thank you for the lesson. Surely I will be rich someday.

@amirdan2327 11 ай бұрын

How the hell 2 kids with no money opened a library with tons of comic books?

@zebrakiller69 8 ай бұрын

Same way someone bought a 75K house with 20K from money they borrowed with a friend.

@oORiseAboveOo 7 ай бұрын

They probably had a lot themselves, and maybe traded some collections off of friends for other stuff.

@iserved1642 5 ай бұрын

@@oORiseAboveOo They made an agreement with the supplier of comics for the store to take the periodically replaced comics (which were going to be destroyed) off hand but not sell them to anyone else. So they started a comic library charging admission.

@RJM182 4 ай бұрын

This is a big hole in this story. To make money, you need money. The money needs to come from somewhere first. Work a job and save, then invest.

@BashBash-x2m 4 ай бұрын

It's a madeup story they can have thanos help them if they want to

@bisongpeter3536 Жыл бұрын

I'm a student in Nigeria I'm working on a project Marine debris evacuator My course mates and I we are 8 in number We need a push and help from anyone out there who cares about the aquatic life and Marin environment to take this project out to the world to help preserve the marin ecosystem.

@eugenewilliams383 Жыл бұрын

What was his first book??? This is a 20/80 book. Read once and don't waste any more time.

@teodortodorov1662 11 ай бұрын

I`m 20 jobless and broke, but I`m glad that I have read this book, because I plan to became rich! I gonna find a job the next year and I gonna spend most of my money to start some buisness!

@Lmniii 10 ай бұрын

Same with me 😢 all the best to you ✨

@saulatuiqalau1120 10 ай бұрын

I’m with you guys, on the same boat here

@Moneymann1998 10 ай бұрын

Study your business plan , and commit it to God and it will prosper

@Subzero3-n7r 11 ай бұрын

How the f*ck do I make money? As a young teen, I don't have much if any money so all of these comments about people with financial investors and tens of thousands of dollars to invest don't help at all. I just want to ask anyone out there for any advice you have for me to help me to at least get started acquiring assets with the little money that I have. I just don't see how I can start anything like the example of the comic book library that the kids in the video had done. It's not like I can sell stuff at school because that's forbidden and it seems like I'm too young to be able to actually DO an financial stuff online. So if anyone out there has any advice, I'd love to hear it! Also, thanks for reading this entire paragraph I really do appreciate it :).