Rich Dad Poor Dad Summary (Animated)

[@ChronicleLiving]

If you really enjoyed this video, I have a feeling you’ll enjoy this one too! ➔ kzbin.info/www/bejne/nZDCgnx4nq-tbJI Also! Thank you for letting me know Kiyosaki and Hilo was pronounced wrong in the video. It’s pronounced “KEE-yosaki” and “HEE-low”

[@thegeneshistorian553]

Great video. I subscribed!

[@antriggs4190]

The animation was good even if I don’t like the superficiality of the book.

[@ChronicleLiving]

I appreciate your honest opinion!

[@Venzetiquette]

Chronicle Living great vid mate 👍🏼 kip it up

[@AnimeFights101]

key-o-saki not kai-o-saki... but great vid bro

[@brandonosamba8639]

Money does't buy happanies , but poverty does't buy anything

[@MKermy]

brandon osamba you stole that comment also money *can* buy you happiness *because* you can buy a -prostitute- pet

[@codybullington2015]

I think what actually brings happiness is having enough money to the point where it isnt a stressor and you dont have to think about it money doesnt always bring happiness though because money is not what makes life worth living people, your relationships are what make this whole adventure worthwhile and maybe your job as well if you find purpose from it and see it as a way of improving others lives ( which goes back to relationships because it deals with your realationship to your community and the people in it)

[@brandonosamba8639]

@Realistic Man but eventually when you have bought everything you ever wanted you will question weather your friends like you for you or your money and weather you would have a beautiful wife if you did't have that money

[@brandonosamba8639]

@Realistic Man you will feel empty and lonly if you have that mentality

[@brandonosamba8639]

@Realistic Man statistics show that after making 70k a year your happanies Plato's and over 300k a year it goes down.

[@estBradley]

Money doesn't buy happiness, it buys the freedom to go find it.

[@alonzodiablito209]

Money is happiness

[@KitingDev]

Wtf does that have to do with anything of the video

[@ACT1O1]

Had a girl told me she was in love. I drop her out my circle.

[@TarotRider-t2m]

Money may or may not make you happy but it gives you freedom. Ofcourse freedom makes you happy but it's upto you what you do with that freedom.

[@JYAnJanetHampton]

you can't buy happiness,because you have no money

[@rdjm555]

If you’re reading this I pray you become successful 🙏🏽💚

[@Natedog42899]

Likewise brother 🔥💪

[@arifali6762]

yungrj thx same for you

[@sabrin9409]

Amen 💪🏻

[@rdjm555]

nathan perez thanks fam

[@rdjm555]

Tritega ❤️🔥

[@tessmiles217]

I started reading this book because I was so intrigued by how he had two dads

[@helloscoopa]

lmao

[@benjaminhawkin5564]

🤣

[@multipassion8550]

same🤣

[@b.bennie]

Same I was like Are they a gay couple or?

[@respectunitedstatesofameri2585]

@@DavidHowe-nv1nb no

[@artcastro5694]

You don't get rich if you only watch this video. You must take an action.

[@thulfwaatu7885]

r/juststart

[@codybullington2015]

Do some people honestly not know the information presented I mean honestly this is super basic stuff

[@frontofficesupervisors5792]

who told you you will get rich by just watching this video.the purpose of this video is for you to learn.and put into action stupid.

[@artcastro5694]

@@frontofficesupervisors5792 I said you must take an action. 😀 you will not be a millionaire watching videos 😀.

[@idealyst8292]

@@frontofficesupervisors5792 Holy shit, that's EXACTLY what he said 😒

[@Angryshower]

When I was reading the book for the first time, I was hoping it would teach me how to find a rich dad.

[@ilovekene9697]

Patrice Cheung lmoa

[@dhirajgawande007]

😂😂😂😂

[@enriqueflores4802]

on

[@Barrera909]

🤣🤣🤣🤣🤣

[@anujoseph_10]

😂😂😂🙌

[@nayantiwari807]

After a zoom meeting with a business owner where we had a discussion about this book, this appeared in my feed. Thanks google for listening to everything. Damn the privacy. 😂😂

[@elexiacozy4413]

dude ahhahaha same here! xD kinda scared, kinda blessed lol

[@bahib6280]

Haha.

[@gregnixon1296]

My phone started telling me (outloud, from inside my pocket) about the health benefits of blueberries when my son told me that he wanted blueberry pancakes for breakfast.

[@jwaxmcgeeg9706]

this is all to much folks, I want off the grid

[@stefm.w.3640]

@@jwaxmcgeeg9706 too late, embrace the matrix 😂

[@thomaskretzschmar5]

Dont chase being rich, it will only bring unhappiness. Chase having enough passive income to be financially independent

[@4wko186]

i cahse my dog when he runs with ball ahahaa - kurt

[@windwhisprz]

To some people that is being rich!

[@thefuturespast5981]

That isn't right. It can bring happiness.

[@JJTheFoodie]

@@thefuturespast5981 Yeah I hate when people say that enough money can't bring happiness. For alot of people, it can. Lol

[@demarcus1341]

@@JJTheFoodie Money won't always bring happiness, but it will make it a whole lot easier.

[@RayGmk7]

I’d rather be miserable with money than miserable without money

[@debiedebsielein3264]

I would rather be not miserable at all 😂 With or without money 😅 Money is not the only wealth out there. They say network is net worth. And heath is wealth too.

[@doggotrivago]

@@MindlessTube It's apparent you've either never had a large sum of money, or you've never felt true misery, my friend.

[@fultonguyy]

@@debiedebsielein3264 Well Said! A happy Heart is Medicine! Now 66 been homeless not on street though? Been penniless literally? Now Content neither broke nor Rich.

[@1..0w0..3]

@@MindlessTube You can be EXTREMELY miserable with money if you undergo painful shit in life. Ex: You are rich enough to get whatever smartphone or electronic device you want, eat whatever you want, you want to have your own career but there is NO NEED to rush cuz your parents are gigantic money vaults. BUT your parents go through heart surgeries, accidents, you get hurt? money can't shield you from that. You are born in a toxic family, but you're scared that there is no one else to properly look after your parents. If you try to come clean and cut ties with your toxic family cuz they aren't changing their nature any time soon, you would get your share of the family heritage or whatever, so you won't end up broke. But one day when your parents desperately need someone's help to look after them cuz they're old, they won't let u help them cuz they're mad about how u once cut off ties with them. So u don't come clean, u distance yourself from your family cuz u don't want to experience their emotional torture 24/7, but u also want to take responsibility and look after them during their old age, cuz you love them. It is more comfortable to cry in a mercedes than on a bicycle. But money can't "rescue" you from any emotional shit fam.

[@sinocrypto7319]

@@debiedebsielein3264 hi

[@warrenwest6884]

Author : ""If you were to stop working ,how long will you survive on your remaining saving?'" Coronavirus : well well well... i guess we will find out very soon 😏

[@richardfredrick964]

Damn now it makes sense

[@PhysX_Boy]

underrated comment

[@tesfaykidanemariam687]

Nice explanation.

[@sandra.diaz.7139]

Slick comment! 👍

[@dsurreesh9286]

Hmm! We can test it

[@Jutoofficial]

Read this book just now at 15, I’m going to come back in 5-10 years and share my knowledge

[@jacklesmithda3rd502]

Good luck buddy

[@MaybeKian]

@ me too please, im 16 rn and worked 6 months for 3k€, cya in 5-10 years! :D

[@Jutoofficial]

@@MaybeKian make that money bro 💰

[@ee214verilogtutorial2]

Hope you’ll succeed

[@malikkalim4484]

kuch ni ukhad pay ga tu

[@piolopascual5435]

"if don't find a way to make money while you sleep, you will work until you die" -warren buffett

[@UnleashYourInnerHustle]

You are so right on that one. Those are words I have lived by for 8 years now and looking forward to 100 more.

[@maxp6521]

But what if you love the work you do and don't do it for the money?

[@UnleashYourInnerHustle]

Then you are a very rare person indeed. Congratulations to you Max Pill.

[@UnleashYourInnerHustle]

but that is just it Guss Ferretti you are missing the quote point. If you find a way to make money while you sleep you no longer have to work for it!! Money is only money it is neither good nor bad. It only becomes good or bad when we decide to make it that way. You choose to be happy or not. It really is all up to you. You can be happy and have money or you can be happy and not have money, but it is still your choice. Have a great day!

[@yashk246]

@Celtic Phoenix who stole the money?

[@oestian]

A lot of money can be made in selling oversimplified lessons.

[@natckwan]

how to be rich: make a book called 'rich dad, poor dad' and watch the money flow in

[@ice-mm6em]

natckwan and then copy and paste the same book and change the title.

[@blountjuice4932]

Der kleine Kapitalist check me out! I’m a violinist

[@simplythebest286]

hahahahahaha good one !!!!!

[@rafadydkiemmacha7543]

Kiyosaki in a nutshell.

[@weareallhuman6371]

I live I a third world country and it is a lot harder to do what rich dad has been saying, because we have no real laws or stability for almost everything BUT I HAVE TRIED TO USE RICH DAT POOR DAD AS A STARTING POINT TO MAKE MY OWN WAY. As hard as it has been, I can say that I am not there yet but I woke up this morning knowing that my money has started working for me and if I didn't have any form of work right now, I would survive and be able to pay my bills. Shout out to the internet for connecting us to useful information were I am from.

[@weareallhuman6371]

@@ecomoney4820 I am From African, where are you from?

[@ecomoney4820]

@@weareallhuman6371 born in afrcian but live in the Netherlands. But how did you let money work for you?

[@InspireMedia73]

We are all Human Being wealthy is what most of us are dreaming, but the a wealth with no effort and perseverance to attain such is the most unfulfilling goal in life.

[@actieff]

Eco Money Belgie hier :)

[@muhammadsaadmansoor7777]

@@jeangardycolin5995 i think you havent seen Iraq, Sham or pakistan

[@hillnotting]

Just like Robert said: "There is a difference between being poor and being broke. Broke is temporary. Poor is eternal.”

[@vincentpelletier1246]

You can only be broke when poor and poor when broke. Its the same. Think for yourself, it helps.

[@DontTreadOnMe_1775]

It sounds all fluffy but if you're broke, you're not rich. You're also poor.

[@thomascampos2426]

I read this completely by accident: "money doesn't buy happiness, but I've been rich and unhappy, and poor and unhappy. Rich is better". By a guitar method teacher.

[@BeaverAchiever]

So true. Our minds are very powerful. How we feed them - matters a lot.

[@s3rverlord]

Thanks for not asking me to buy skillshare at the end of the video.

[@Financefrnd]

Bro if you interest to earn passive income

[@kausumichakraborty003]

Seriously dude 😂

[@varunemani]

HA HAA.. Hi 5 bro.. good one!

[@jayshankar_c]

Funny AF 😂😂😂

[@cheapets]

Was waiting for that Raids Shadow Legends sponsor lol

[@MrRed_2205]

Becoming wealthy is basically collecting assets like they are pokémon cards Edit: dang a thousand likes thanks everyone!

[@chrisrose4769]

Fuck yeah big dog gotta get me that shiny Charizard

[@blackdaan]

only some cards cost 100k+

[@chris-andrebrissett5208]

Game mentality? I like it. Gotta acquire these rares🎮

[@dewayneabner260]

Factssssss💯💯💯💯💯💯💯💯💯

[@drjp4212]

@@rafaelmorita1186 You didnt get the part of "1 dollar per month".

[@BigMike013]

Entire video boiled down into a few points: 1. Asset = something you OWN. Liability = something you OWE 2. Live on less than you make. 3. Amount of income is very important, but how you spend that income via assets or liabilities will determine your level of wealth (net worth). 4. Invest in income generating assets as soon as possible and as often as possible (stocks, bonds, real estate, etc.) to produce more income.

[@tekiero]

why no one talking about a real estate and property? It was main object in his book

[@ejrocks10]

@@tekiero Many find Real Estate daunting or too difficult. Buying Coca Cola today and having it compound in 20 years is extremely safe and easy to do, and it's better then spending that money on liabilities, which is what Robert is stressing, however that is also being to safe and fearful of loss of money. Basically you will find more people here that get his idea of building the asset column but still unwilling to go big. So they will choose the stock market for example.

[@m.l.m.malaysiatv2101]

Keep it simple though. You will become rich if you produce goods that people want like coffee, sandwiches,fried chicken ,taco and so on .

[@Yukoner77777]

For someone just starting out on the road to becoming rich, you are likely not starting out with assets. At least, not the kind of assets that make you money. So the claim in the video at 5:10 that one HAS Income > Expenses BECAUSE your Assets > Expenses, is not true . . . in the beginning. At the start of your journey, the only way to get your Income ahead of your expenses is to LIVE BELOW YOUR MEANS!!! But the easy availability of credit plus the common self-deserving, desirous mentality that one needs to have the shiny new car, the name brand clothes, etc., right NOW, prevent the vast majority of people from getting ahead. They're in debt from the get go. Even if they increase their assets, those never get ahead of their liabilities. It's all clear now. Wish I knew this 50 years ago!

[@m.l.m.malaysiatv2101]

@Wayne Caissie You don't have to work though.Employ staff to work for you . Delegate the task .

[@ScubaCody]

When i was 18 my uncle (who is pretty wealthy) gave me this book to read and I learned a lot! Unfortunately I was too caught up in looking rich than being rich and I got into a serious amount of debt; credit cards, car, and a lot of medical bills. never wanted to pay anything. I knew I had to stop, I’m 25 now and only a few month into the Dave Ramsey plan I’m 100% debt free and I have lowered my expenses leaving me with money to save for a house and also invest. wish I started at 18...never too late

[@lil_woody_420]

What kind of investents do you own? Like stocks? If so which ones?

[@evangelosstromatias4879]

"during a gold rush, sell shovels"

[@jem-yd6yq]

You man I hope you use that knowledge in your job

[@familyman2480]

I like that…

[@roko-ui1dv]

''during coronavirus, sell masks''

[@SubsWithNoVideos-tn2ue]

during riots, sell guns

[@_.waryaa4078]

@@roko-ui1dv ppl actually doing that LOL

[@pleasegibausername]

*MITOCHONDRIA IS THE POWERHOUSE OF THE CELL*

[@solrac4]

Jobin Daniel the only useful thing I learnt in this video

[@namnguyen-co2ny]

thanks sir

[@lylahnight6528]

Lmaoooo

[@tevinbyington4228]

I can't believe I almost forgot.

[@medipellispandana3333]

But is it related to this???

[@easychang4261]

Read the book: answer is entrepreneurial spirit, but not everyone is cut out for it...

[@daquetreed5522]

Easy Chang exactly. Robert says that as soon as you accept a paycheck it changes your brain and it’s true. People are programmed that the only or safest way to make money is by having a job. Once I experienced the freedom of not having to work for someone else and having people work for me I said I’d never go back!!!!!

[@asiachestnut4210]

Easy Chang factsss

[@kausumichakraborty003]

Ya the audio book is of 6 and a half hour which cannot be explained in 10 min

[@R22899]

@Blu this is true back in my college days i was always chosen as leader on thesis groups but now that i'm working it never felt right to work for somebody it's just my EGO speaking maybe but it never felt right lmao but this is the only path my degree was supposed to be on my boss is good but i just can't wrap it around my head once i read the book my only action plan was to save enough then quit

[@dropnoteorg3292]

A brief summary: 1. The rich acquire assets, the poor acquire liabilities > know the difference between an asset and a liability > assets produce passive income: businesses that don't require your presence, stocks, bonds, mutual funds, income-generating real estate, royalties 2. Liabilities bring debt > liabilities: mortgages, taxes, loans, the house etc. > general population has 2 emotions: fear (earning money to pay bills) and greed (endless desire for joy) 3. For poor, your profession is your income; for rich, your assets is your income > invest and minimize your liabilities If you would stop working today, how long can you survive?

[@amitgamer3669]

How house in liabilities ?

[@Sam-zx4rp]

@@amitgamer3669 The maintenance cost of the house accounts as a liability, living in your own house doesn't generate you any profit.

[@amitgamer3669]

Sam ohh thanks

[@rachitpatel4655]

@@amitgamer3669 you have to understand, it depends. If someone is renting one of your properties, its an asset, if its your own house, its a liability, but if you can manage to buy many properties, you can make profit.

[@amitgamer3669]

Rachit Patel ohk got it thanks 😊

[@tshidisojosh1771]

This is the second time I watch this video. The first time I was an employee about to get retrenched, with my last salary I asked myself the same question, "how long can I last with this? It was roughly $300 a month and I was the breadwinner at home. Now that I'm watching it for the second time, I have a series of apartments, I provide accommodation for for college students and I'm making money while sleeping, and I'm also into stock trading. Thank you and I hope this video can reach every individual in the world...

[@sankara6823]

So how did you get a series of apartments in 3yrs?

[@tshidisojosh1771]

@@sankara6823 made money by trading forex

[@sankara6823]

That quick? If this is real am ready to learn.. want to share some knowledge?

[@tshidisojosh1771]

@@sankara6823 I've been learning forex for years, just that I was stuck in my job and didn't have time to trade, must say I didn't achieve all of this alone, I'm in property business with two of my friends who are also forex and bitcoin traders

[@AJsVIEW]

@@tshidisojosh1771 Thank you for those inspiring words. I'm also in a job that just pays my bills. May I know if Forex Trading is the same as Trading in Stock Exchanges? Sorry if the question is stupid, but I really know no more than my job.

[@manniesreactionchannel3808]

If you’re reading this, I hope you obtain knowledge to gain abundance of money this year.

[@lanreo-k9o]

Ty I guess

[@user-ow9mb8th9x]

gimme a yr I’m 16

[@uwish5356]

thanks, you too!

[@manniesreactionchannel3808]

@@uwish5356 you’re welcome!

[@4wko186]

thx

[@captigaular]

To me..the definations of RICH is when you had money and a lots of free time. If u had money but busy handling your money 24/7..you are not RICH at all.

[@hitwalkhook3831]

@Vesta Dynasty Elon Musk like every human on earth has time. He manages his own, like everyone. There is no must, just consequences. Elon Musk has time, he is not only handling his money, he is doing what he likes to do now. Any rich person on earth who has as much money as Elon Musk could get retired by putting into other passive incomes, etc. And i mention "Any rich" because a poor man or "slave"(because it is still a thing even today) couldn't afford it.

[@MrHarumakiSensei]

@Vesta Dynasty Elon Musk has unlimited free time. He spends it all doing exactly what he wants to do.

[@InspireMedia73]

Runaway Lucifer Being wealthy is what most of us are dreaming, but the a wealth with no effort and perseverance to attain such is the most unfulfilling goal in life.

[@mrqadaffi3638]

I love how poor people have these mental gymnastics to justify living a lazy sack of shit life.

[@edgarmendoza2204]

see thats the problem. you want to become rich, so you can be lazy. every person that became rich on there own is because they love to work. and they don't stop there. they want more and more. they get into this mineset of it's never enough money.

[@ryanskinner105]

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

[@braceyourselvesfortruth2492]

The rich do not spend anywhere near the level the poor do.

[@Nlaw18]

The rich don't spend, they invest money that they know will come back again without having to work for it.

[@workingshlub8861]

exactly...when someone gets a raise or promotion at work what do most people do......finance a newer car or charge more on the credit card etc...not invest it wisely.

[@4wko186]

i thoughtb infesting was bad mum always got annyred when she sore my penus was infested

[@berksarioz969]

I think a distinction should be made between rich and wealthy. You can have a great income, expensive house, cars, and so on. But if you're not saving and investing, you're not far from being broke. If you are, then you become wealthy. If you don't have a good income to start off, generating wealth is a lot more difficult. Let's be real. Is it possible to live below your means? Sure. But let's not forget the importance of investing in your personal development and education to have a decent income to start with.

[@prabhathbandara]

If you are reading this, trust me One day you gonna be rich!

[@karma1507]

@x zezo That negativity is getting you no where. You need to believe that you can actually do it

[@991vk]

But I dont want to.

[@zerol3971]

Prabhath madusanka that's what all humans are good for

[@titusvarghese1576]

I strongly doubt that

[@sanr2512]

Nonsence!

[@quanmack6332]

People always say to invest in assets but nobody gives a realistic usable example of how

[@RockyRackstor]

Quan Mack huh. You gotta find it out. They don’t reveal secrets. Would you tell everyone if you found a treasure? Well.. i would not!

[@quanmack6332]

@@RockyRackstor it's a faulty mindset to think that helping others hinders your own success

[@__mianki]

@Quan Mack, Invest in stocks, invest in real estate, invest in yourself. Own a vending machine, own an ATM, own a space that others can rent for advertising such as a bus stop or a big billboard on the side of the road. Start a business.

[@RockyRackstor]

Mikiwiii nice. Tell him how to find money for it. And where to build those things.

[@RockyRackstor]

Anupam Prasad that’s not a good idea. Take a loan and buy a property for cheap, but not in a suburban town! Then spend some $$ to build it better. And sell it for a good price. It is not easy as it sounds. Everyone would be doing it if it were easy right? Do the opposite of what 99% people r doin’ . You learn the way to make money by doing it, it is all about an action.

[@Devillionaire]

Kiyosaki's Rich Dad was finally revealed once the Rich Dad passed away - Richard Kimi was his name. He accumulated his wealth in the hotel industry. The Kimi family lived down the street from Kiyosaki in Hawaii. True to the story, Kiyosaki was friends with his son “Mike,” whose real name is Alan Kimi. Richard Kimi owned Sand & Seaside Hotels in Hawaii, which Alan took over when he passed away.

[@revivedsoul1099]

The names i wanted to find. Ty brother/sister. Very interesting, cool and info based boob. Im at page 25. Where he meats Mike and want to become rich by them asking neighbours tothpase. That partnership worked good in the end haha :)

[@userone1465]

@@revivedsoul1099 Jesus, you need take a spelling class or something lol

[@jazy8191]

@@userone1465 english may not be his first language

[@goldenstandard187]

💯

[@IL_Bgentyl]

@@userone1465 you forget language is just to convey information and communicate. It’s irrelevant how good or bad if you understood his point.

[@ericleander6048]

Much like every self-help guru, Robert Kiyosaki made his money building a brand around himself. He makes his money by selling books, seminars, courses, etc. Not by creating any real value and not through investing.

[@jusjos1970]

I 75% agree with you. He is reported to have a lot of real estate.

[@prod7759]

If you don't see the value in these books then idk😅

[@pummyy]

I agree. Most sheeps won't think. Instead will put money in stock and lose them all while Mr kiyosjaki wud be getting rich

[@tylerriggs95]

Book sucks tbh. Something like “So Good They Can’t Ignore You” is way better for the average person not interested in evading taxes and exploitation.

[@Shamshiro]

@@pummyy - Not his fault they expect bags worth millions of dollars to suddenly fall onto their laps when they put their money into exchanges. All Kiyosaki gave in his book were signposts/ springboards for n00bs to start building the skills and knowledge necessary for their own ventures.

[@hadimontanablog8879]

This video teach me so much ,I am starting with my own business next week and I am 17 ,wish me luck

[@ChronicleLiving]

That’s awesome!

[@hayelomabraham9948]

Hows everything going you mind if we could talk on insta? @sauceyballer

[@kakasshi3781]

So hows the business going ?

[@hadimontanablog8879]

@@kakasshi3781 not that good but I am making shit load of money on crypto and about to make a comeback in e-commerce

[@burgerburger3626]

let me guess your "business" is dropshipping 😐

[@magicpixelatedfusion]

When I was younger, I save patiently for the things I want and I feel tremendously happy when I finally get it. Today, I have a job got savings in my bank and I could buy anything I want anytime, anywhere but I’ve never felt that tremendous excitement again as it was before, and I miss that feeling. :(

[@kunal_k_]

@jjj mle exactly! Buying and feeling happy is empty and kinda in vain Investing in self and inner world growth catapults life beyond system of belief & beyond imagination 🌟

[@mamakat7176]

Try helping others do what you did and when they achieve that tremendous feeling of happiness you will feel it again too! And this is something you can do over and over again and with multiple people at the same time and teach those people to do the same thing and you will never lose that feeling of tremendous satisfaction and happiness ever again it will only keep growing!

[@kunal_k_]

@@mamakat7176 true is that 💯 N Why's that so.. Cuz life on a karmic balance is universal, is a boomerang.. It comes back and once the loop is formed, it catches that momentum. Nothing is worst than a person losing enthusiasm in things to do.. Small things big things alike - the key to happiness doesn't lie in what one likes to do but in liking anything that one does! Trust the Process Promote what you Love Patience is the key 🗝

[@everywhere3000]

Get married and have a child

[@kunal_k_]

@@everywhere3000 Disaster recipe for the immature mind in marriage/relationships - look around at separation rate. Investing in self, understanding thyself first is 'numero Uno' to exactly know what one wants, is capable of 'giving' & thereby 'receiving'.

[@YS-wo1fm]

I hope you all reading this live long, Luxurious lives don't ever god damn give up.

[@blountjuice4932]

Y S check me out! I’m a violinist

[@CanCanElf16]

You too!

[@firstinlastout5937]

fact: Poor : are watching the video Rich : are making the video

[@kyeh4551]

Excellent comment ;-)

[@musa.Khurram]

Faxx

[@yashvanthkumar2700]

I am watching this video, to make a better version of this soon.

[@Jutoofficial]

The reason the poor are watching is to learn things to make themselves rich

[@endroholic7161]

I'm watching this so i don't have to watch this in my 20's or 30's

[@bladelazoe]

Throughout my entire life, Whenever I run into a problem in any subject, or If I'm frustrated with learning something, I've always asked myself "What am I missing here?", "There has to be another way", "What am I doing wrong?". When I have a job, I don't view that job as working for money, I view it as I'm getting experience while working at the job. Some people don't understand that mentality and that's okay. But I always knew there had to be a better way of doing things, the question was what form would it take, and how would I learn it.

[@goodshepherd3508]

I think I can recommend one book ( Financial discipline versus constant cycle of bills and payments ) that resonates with many people. The innocent and ignorant people are the ones who lose the game. Financially disciplined people win it. In that book there are 2 main characters one is John and the other is James, John loses everything and gets into serious trouble after losing his job during the covid19 pandemic and James also loses his job but he is tension free because he had accumulated a lot of money since 4 years from his monthly salary, which makes him financially free.

[@rizwan1110]

Him: "u don't even know what asset and liability is.. huh" Me an accounting major: ahmm..

[@luchisrecipeforawesomesauc8879]

* adjusts shirt collar* this is what you've been training for. Go time.

[@pallasathena1555]

But, should you debit or credit?

[@nadzmi]

How to have happy life with your money? Me :use money to help others people

[@michellezuze5505]

Muhammad Nadzmi Abu Kassim 👏🏾👏🏾👏🏾

[@ievam6879]

No

[@koolankush6300]

@NPC69 it's like helping people setup their own small businesses and you also make some percentage in that.

[@igudy]

True Givers never lack

[@whoeverwhoever400]

"Me :use money to help others people" what he meant was "Me: socialism"

[@menateshome3185]

1. get a financial education before investing anything 2. risk means not knowing what you are supposed to know 3. have an asset instead of a liability 4. if you want to be rich, you will lose money 5. Money might not necessarily fulfill you as a person, but you need to know how it works 6. do not ask people who have never done what you want to do for advice they, will kill your dream; ask people whoa re in your business 7. you need to think and grow rich, not work and grow rich 8. stop chasing higher paychecks, instead learn how to build and mind your business 9. pay yourself fist 10. If someone has a higher salary; the higher the taxes 11. working hard and earning money is an old idea the, new Idea is acquiring the fastest information and using it 12. Information is the wealth of this generation. 13. to be a financially stable one, must know accounting(numbers), investment( money-making money), understanding the market, and the law. 14. focus is crucial to accomplish the financial status 15. Do not stop learning 16. times change 17. Be openminded 19. "Winners are not afraid of losing. But losers are. Failure is part of the process of success. People who avoid failure also avoid success.” 20. "If you are going to get into debt, make sure it is small. If you take on large debt, make sure someone else pays for the debt" 21. Assets put money in your pocket. Liabilities take away money from your pocket. 22. work for free to earn knowledge 23. give and you will receive.

[@jothekingjtk]

"they don't teach this is schools" our teacher showed us this video tho

[@KassieRancey]

yes but it's not part of the "standard program" I have a good teacher too so she suggests so many things but most of my knowledge come from my self education

[@m.l.m.malaysiatv2101]

School is to learn basic like reading, writing and mathematics (+ - x÷) . With this 3 skills utilize in your life , you can survive and prosper .

[@iVince905]

Is the teacher applying the knowledge he/she learned in his daily life though?

[@ragnathebloodedge3688]

In the end it all comes to financial education, action taking, managing risk and spending less than you earn will make you rich, it all comes down to your lifestyle and mindset

[@pianoroses2276]

Seriously, astonishing job! I never seen an animated summary like this!

[@ChronicleLiving]

+Piano Roses Thank you so much! It really means a lot!

[@InspireMedia73]

Piano Roses Being wealthy is what most of us are dreaming, but the a wealth with no effort and perseverance to attain such is the most unfulfilling goal in life.

[@watherby29]

"Learn how to use your emotions to think, not think with your emotions." Eckhart Tolle: "Don't think, be"

[@gamezbuddy3761]

the truth is my school will never teach me this

[@estBradley]

Be a big boy learn it on your own

[@whitewaves7788]

That's because schools are run by the same ones that control the money and are responsible for it being devalued/inflated.

[@1..0w0..3]

U don't got money---> u got no power ---> you are officially someone without an audible "voice" in this world. Someone making a political move---> u don't like that move cuz it affects the well being of you, your family, kids, etc, --> you can't stop them cuz they evil ---> you are "mute" to them and everyone else who is powerful. They'd just be like, "sorry peasant, can't hear ya over my papers' rustling". Now imagine that THEY are the ones who own the schools or other educational institutions. Why would they teach u the way to overpower them? especially when they KNOW that they are wrong and you are a good person. Giving the good people the audible voice is their ultimate fear. Hence they keep your volume down, unless u wanna join their evil side. The only exception to their rule is: You work smart without their help, it's not just about people getting to the top, you basically even build your own staircase. Why so much difficulty? cuz you decided to stick to your morals, that's the price you pay. But on the bright side, u get one more reward: "one who wins the game, gets to change the rules".

[@WilliamHollinger2019]

@Dr B Siva Kumar reddy every school does this so we be slaves to government.

[@WilliamHollinger2019]

@Dr B Siva Kumar reddy they want us make money and they pulled right out of you what do you think working until you are dead when you turn 18 and don't retired at all. i am not scarring you at all i speaking facts what is going on.

[@gregnixon1296]

I have read the book and listened to the author's interviews. Something just doesn't sit well with me in his tone, but he has been very, very financially successful.

[@taaseenkalam2668]

I’m reading this book atm I’ll come back in 5-10 years and tell you how my life went💯. 3rd week update: I’ve now started to gain knowledge on shopify and facebook marketing and have sold off a few jackets and caps and made good profit off that.

[@oussamaelkhdadi1073]

here for the update

[@acz88]

I first read this book around 5-6 years ago. I put what I learned into action right away. I went from broke and in debt to over a million in assets today. I am around 1-2 years away from quitting my job because I won’t need it anymore. I wish you best of luck on your journey.

[@jevinharris9479]

alright deal i'm doing the same

[@francistech7757]

aight, goodluck man

[@sinderrr6854]

@@oussamaelkhdadi1073 me toi

[@jaimejimenez4199]

I took 24 months off went to live on my own and recovered my health. I feel like a 👑 king

[@triplex2912]

Nine minutes well invested . Thank you. Best Regards from England.

[@leeyeekoo]

Thanks for sharing. Im so glad that i have parent that teach me these things at my young age. And just a few month ago, I read this book and realize that's what my father always telling me. Buy assets, not liability. I thought that normal people can differentiate it. But nope. My father is a business man, he create his own company from nothing. I remember once, I ask my father why do we rent out the houses that we just bought? (Because you know right, renting means i cant stay at there whenever i like) then my father told me about whats the difference between assets and liabilities. My dad is not highly educated, but still tried to explain to me. Thanks to this book that explain further more, so i can link everything together and make sense. Not a hard book to read, definitely suggest you to read especially people like me that didnt have great knowledge in economy and kind of stuff...Thanks

[@summussaer501]

Ok, so...I might get a lot of hate for saying this but, here we go : one thing to remember is that no one, absolutely no one knows how to make you succed, and if they did, they wouldn't teach you(unless you were their child or something like that). Also, there is absolutely no nieche, no easy way, no "shortcut", no "just do this", no "that's simple, you just have to...". NO, all of that is a bunch of crap. If something were to be easy, then wouldn't everyone be doing that? If something was really there for the taking, wouldn't we all be millionaires and billionaires? Everything is to motivate you, to guide you, not to show you the path. If you want to be richer, be more successful than the others, than you must be better, smarter, more hardworking, more EVERYTHING than the others. Stop focusing on others, stop chasing money, stop listening to other's advices on what you should be doing and spend more time thinking about who you are and what you want from life. If you really think tons and tons of money is really cool, i can guarantee to you it isn't. At a certain point, nothing makes you happy anymore, getting another sports car, clothes, phone, anything, it's really depressing. I'm giving you this free advice from all my heart, you don't know who I am, I dont know who I'm writing this to, but please at least consider my words.

[@TaHrPa]

"If something was there for the taking, wouldn't we all be millionaires.." lol, no People are lazy, dumb animals so the answer is no.

[@lanreo-k9o]

Tons and tons of money is cool. Imagine a life of luxery beyond your dreams. That my friend, I have to disagree upon.

[@lanreo-k9o]

@@TaHrPa are you a person?

[@BeastTitan213]

People do all the talk. But are they willing to change and work for it ? take action ? Earn it ?

[@simmed1182]

I somewhat agree with you. The thing is, making millions is relatively easy but you just need the right mindset and willpower. That's why there aren't that many successful people out there. It's hard to get that type of mental strength in you. You have to have the power to take action, take insults, and turn all of that into motivation and success. Like i said, having strong willpower and strength isn't something everyone has in them. So please don't have that type of vision when it comes to making millions and billions cause your very wrong. But if you don't want to switch up your opinion on this, that's all you do whatever you want! Hope you change your mindset!

[@RTG25]

This video is great. Although, reading this book will have more of an impact on you than a video ever will so please take the time to read it. you won't regret it

[@menateshome3185]

that is really true. once you start reading you don't want to stop reading

[@HighPriestess-mq5hc]

Ok good cuz i just ordered it off amazon and was like shit. Theres a damn summary video online -_- pheww

[@goodshepherd3508]

I think I can recommend one book ( Financial discipline versus constant cycle of bills and payments ) that resonates with many people. The innocent and ignorant people are the ones who lose the game. Financially disciplined people win it. In that book there are 2 main characters one is John and the other is James, John loses everything and gets into serious trouble after losing his job during the covid19 pandemic and James also loses his job but he is tension free because he had accumulated a lot of money since 4 years from his monthly salary, which makes him financially free.

[@isaac8228]

Money can't buy happiness, but it's better to cry in a Lamborghini than in a street bench.

[@mysterybuyer3738]

Why do you people keep saying money does not buy happiness? Money is the only thing I think about and it makes me very happy. It's security.

[@isaac8228]

@@mysterybuyer3738 I think it's a meme at this point.

[@isaac8228]

@@mysterybuyer3738 People making fun of the constantly repeating stuff. lol

[@AngelDahlidrex]

I've always found Lamborghinis aesthetically displeasing. Lol.

[@henny3245]

@@isaac8228 hmm why would you buy a lambo in the first place paying a lot for a liability buy assets that produce cash flow

[@prosperkandafula7547]

Love your closing point.... To the poor, their profession is their income... To the rich, their asserts is their income 🙌💓💓💓

[@moneymatters7377]

One of the all time greatest personal finance books.

[@willelliott5052]

One point that I have learned about the "poor dad" in recent years is that in a family inheritance situation they usually move quickly to cheat the others, making the process a nightmare for all. More broadly put, I have learned that you cannot trust people who are unable to manage their own finances.

[@goodshepherd3508]

I think I can recommend one book ( Financial discipline versus constant cycle of bills and payments ) that resonates with many people. The innocent and ignorant people are the ones who lose the game. Financially disciplined people win it. In that book there are 2 main characters one is John and the other is James, John loses everything and gets into serious trouble after losing his job during the covid19 pandemic and James also loses his job but he is tension free because he had accumulated a lot of money since 4 years from his monthly salary, which makes him financially free.

[@clubalbert]

This has nothing to do with poor people only with middle-class people making bad decisions and good decisions.

[@shivamdogra8791]

U can contact me if you think that only middle class and rich people can start a business.... Reply soon

[@cockyautan1789]

@Clorox Tree thanks for your statements. Now I know how important punctuation is. ;)

[@robertmelvin7908]

Actually it's harder for poor people, but it can be done. It's like pushing a boulder up a mountain. Unfortunately, for the poor they have the pit that they need to crawl out of first. But you need to be angry and mad to get out of that pit, it's not going to happen over night, but with luck and drive, maybe, just maybe, you can crawl your way out of your pit within a year or two. I remember nights at dumpster diving and weekly plasma donations, and so many ... never mind.

[@ewastrijder8731]

Wrong, when you have a billion dollars but stil have a poverty mindset your poor

[@shivamdogra8791]

@FLUFFYomega contact me -7973198297

[@kabathecube6835]

I no longer work for money, Money works for me. WOW ! my new morning mantra. Thank you for the video!!!!

[@AdaBraintv]

I'd read the book many times, but your video made me got the real concept with the great animation. No word to says only "Thanks a lot" keep creating good contents

[@goodshepherd3508]

I think I can recommend one book ( Financial discipline versus constant cycle of bills and payments ) that resonates with many people. The innocent and ignorant people are the ones who lose the game. Financially disciplined people win it. In that book there are 2 main characters one is John and the other is James, John loses everything and gets into serious trouble after losing his job during the covid19 pandemic and James also loses his job but he is tension free because he had accumulated a lot of money since 4 years from his monthly salary, which makes him financially free.

[@AslanBJ7]

let's be friends with this @Wahyy_9T

[@KaZee1]

I told my father I wanted to be rich and he said money is the root of all evil. I giggled cause it is the same phrase as what is written in the book I read-rich dad poor dad. I replied, "Lack of money is the root of all evil, people kill and steal for survival, if you're rich you would have a problem less life." he became silent I wish I can teach him about money, when I finish the book ill force him to read it. My mother works for the government as a manager, while my father has a taxi business but failed, a rental business and it made him a millionaire, but he has no knowledge about money.

[@montey6436]

Both sides are right in their own way. The world is not white and black as Kiyosaki says. Money is both: the root of evil and something that can help others

[@motormouthalmighty]

the love of money is the root of all evil?what about those of us who love the lack of money?I've got to admit I do love the lack of money.ny only wish is that we all have no money!if only we all had no money at all eh!that would soon shock them wouldn't it?

[@xXxBo5sANaCxXx]

This book completely transformed my mindset!!! You have to read it its for your OWN GOOD...

[@arigilos8552]

I liked this video a lot. The presentation made it really easy to understand. Videos like these should be shown in school.

[@veemon9280]

They forgot the part where you actually have to have enough disposable income to buy the asset in the first place. How can you have passive income from rent if you cant afford to buy a 2nd building ? How can you have passive income from the stock market if u cant afford to trade stocks

[@BENJAMIN.GARCIA168]

By "leverage" my friend.

[@robertcarmosino6563]

@@BENJAMIN.GARCIA168 leverage who , what ? With BS. Your good looks , what ?

[@programSense]

He enters the book with the time vs money trade off. Give the book a read.

[@jazcaddell2443]

The mindset that you never have ANYTHING disposable is why you're poor. You can invest with $1. You could drive for uber and invest that extra. You could skip lunch 1 day and invest that. Stop assuming you cant do something and just go do it.

[@user-tt1ix7cy7y]

If you already own an apartment/place/house with space for more than yourself, you’ll have to sacrifice some of the comfort of living alone in the start. Rent out to tenants, and live with them. It might not be as fun, but it’s what you need to do. They’ll help you pay down your bills, and you’ll have more of a surplus of money by each months end. Also learn how to live more frugal, there are possibilities to save so much money every day if we make good decisions. Search “Frugal living” on KZbin to get some more ideas :)

[@FBrapidreview]

I read the book and found some fundamentals explained to improve finances. It is especially a good read for those who have little or no knowledge of finance and accounting. Overall a good read, thanks for the video

[@ChronicleLiving]

Thanks for sharing!

[@AslanBJ7]

let's be friends with this @Wahyy_9T

[@anonymous_user_17]

Our education system has failed us miserably. Andrew Tate speaks about this. They don't teach us about finance nor about the taxes and the rights we have to avoid paying taxes. They, instead, teach us irrelevant things like photons and other useless crap.

[@rohitsahni8662]

I will become billionaire in future. I will accomplish all my dreams.

[@vast3232]

there you go *Support Card* (give this to a man who you want to be successful with their plans)

[@theunicornsin1144]

AMEN!

[@livinginthemoment8254]

Rohit Sahni I believe in you...don’t forget me when you become a billionaire

[@lilsamreactions507]

You got it bro

[@thesoulkz]

Everyone says the same

[@freedomguider]

Happiness cannot be traveled to, owned, earned, or worn. It is the spiritual experience of living every minute with love, grace & gratitude.

[@faisalabdikadir3406]

I had just started reading that book, am bored till i come across this video makes it easy to understand and feeling energized, thanks..

[@JoãoKwanza-jk]

O love Thais vídeo, Thais os my favorite video on the world, 🎉🎉🎉I Thanks you😭

[@goncalo1485]

I finished reading the book 1 week ago this is an amazing summary

[@tae.dagoat4281]

If you just watched this I pray you become successful in life and achieve ever goal you wish to accomplished💯

[@ethioramble]

Money can't buy happiness But, poverty buys sadness.

[@iaintme7586]

First of all I want to say that you've a very good and strong method of summarizing. People enjoyed it because it's not boring. But actually you summarized only the first, second and third chapters not all the book. So this needs a second part.

[@goodshepherd3508]

I think I can recommend one book ( Financial discipline versus constant cycle of bills and payments ) that resonates with many people. The innocent and ignorant people are the ones who lose the game. Financially disciplined people win it. In that book there are 2 main characters one is John and the other is James, John loses everything and gets into serious trouble after losing his job during the covid19 pandemic and James also loses his job but he is tension free because he had accumulated a lot of money since 4 years from his monthly salary, which makes him financially free.

[@SkyDraco]

There is a price to pay depending on your situation. I’m currently 24 years old and getting ready to buy my 2nd house so that I can rent it out. All my friends either live in an apartment or still lives with their parents. The reason I’m close to buying my 2nd house is because I work all the time and know that the money I am putting in will come back to me with interest in the future. But because if the amount of work I do I rarely hang out with my friends. I start to appreciate the times I am able to hang out with the ones that appreciate me hanging out with them. You get to see friends that turn their back on you because you don’t have time to hang out and buy unnecessary liabilities like Starbucks or the newest iPhone. My point is everyone’s situation is different, but from my experience there is a price to pay to be successful sometimes. I just hope whoever reads this will be better able to tell what is worth your time and money compared to someone like me.

[@natckwan]

you won't have to worry about the future compared to your 'friends.'

[@Iceblaker]

I aspire to be like this, but I also love my social life too much!

[@mr.agetro602]

Im assuming you're a filipino

[@sheila5708]

If you want to maintain your friendships you have to invest in them or else your friends will slowly lose interest in having a friendship with you. Why would they want to be friends with someone who doesn’t make any effort to sustain the friendship?

[@rodneygian12]

His book inspired me to start buying stocks butI can't get my girlfriend to read the book. Good thing you did this video. Great job!! Im trying to get her to start investing.

[@ChronicleLiving]

That's really awesome to hear man! Thanks for sharing!

[@mariomanzano3302]

Try showing her the audible book version

[@wanelly]

Rodney Yrureta: your gal didn’t come into your life to make you richer. She came to spend what she thought you could earn...

[@Goteiii]

What no one ever mentions about "passive income" is that you actually have to WORK for it. Keep track of your investments on assets constantly, or you will end up losing money instead. Say you own an apartment that you rent. You have to make sure that whoever rents it, pays you. If they don't you have to go legally chase them. Pay lawyers for that etc. If you invest in a company you have to be sure it won't bust. So you have to do research. That's also work. You need to be there, paying attention, investing a lot of your "not-free-anymore" time. Unless you have a gigantic fortune and you can pay people to watch over your assets. Even then, you have to be careful who you trust with that. It's like a garden. You have to water and tend to it in order for it to grow.

[@moacrpoli9695]

totally agree!

[@tobysweeney1762]

Buy to Let can work with a property management company, which reduces many of these stressors. Of course you have to oversea but the time is minimal.

[@vivekkrishnan.r7811]

Nothing comes easy in life....

[@Goteiii]

@@vivekkrishnan.r7811 Exactly, but videos like that tend to oversimplify the way to financial success. Wanna be rich? Buy assets that make you passive income so that you can earn money while you sleep. Yeah, sure. I wonder why only a few people are rich. It sounds so easy. Assets huh? Gimme a kilo.

[@IL_Bgentyl]

Also in stocks you can buy etfs, mutual funds, or someone to manage your money also eliminating the time to analyze the market and historically do worse.

[@bencastro8671]

This was very helpful in understanding how liability and assets actually worked without being in depth, thank you.

[@assaddassa2399]

"In a pandemic , sell masks."

[@bassam_salim]

In my country masks got to 3000% there previous price

[@steninjahunofficial2219]

You earn a money.. Through mask... Hehe...

[@johncarlotenorio7847]

Bassam salim Philippines?

[@angelanjones9848]

Exactly

[@cosmicblox934]

Temporary money as masks aunt tht scarce now

[@cronkthecrunk]

"If you were to loose your job how long could you survive...." Me: indefinite! "... on your remaining savings" Me: 😂😂😂😥😭

[@georgeroland-magaji2709]

Lol

[@menateshome3185]

😂😂😂😂😂

[@laakamotlogelwa1459]

I don't have a job or assets but I'm surviving lol

[@katielelwood7320]

Why don't you have more subscribers??? Great channel and subscribed!

[@dcclyde575]

I read this book by the end of 2019 and it has changed my life. So much has happened in the short time and especially with Covid-19, there a certain business that still make good money. God bless you all, i pass on positive energy to you. Good luck 🙌

[@goodshepherd3508]

I have read a book on how covid19 pandemic adversely affected the lives of people and I think I can recommend one short book of 23 pages it's on Amazon. ( Financial discipline versus constant cycle of bills and payments ) that resonates with many people. The innocent and ignorant people are the ones who lose the game. Financially disciplined people win it. In that book there are 2 main characters one is John and the other is James, John loses everything and gets into serious trouble after losing his job during the covid19 pandemic and James also loses his job but he is tension free because he had accumulated a lot of money since 4 years from his monthly salary, which makes him financially free.

[@EmLuckySeries]

Robert has changed so many people ...and am I.. Rich dad and poor dad, after reading I stopped everything like working overtime in my company and use the time I have to learn a new skill...am so happy am proud of my self .

[@blountjuice4932]

Em Lucky check me out! I’m a violinist

[@tappajaav]

You're gonna have bad time if your investment is going to be KZbin channel

[@EmLuckySeries]

@@tappajaav not just KZbin channel. I gone more than that

[@tappajaav]

@@EmLuckySeries Good

[@hney421]

Nice! I love it♥️

[@rvkvikas]

Thank you

[@MauricioRuizS]

"Im not rich because of you (family)" Such a bad dad.

[@mono2751]

Same my dad is soo bad, stereotype and a person who always try to save his money.

[@coolkingwistune1323]

@@mono2751 I mean you have to understand he might have a stressful life

[@RGA1992]

thank you youtube for recommending this to me.. and thanks to you for sharing this. :D

[@ChronicleLiving]

Thanks Arinka for sharing your appreciation! More videos to come like this one!

[@Tblade_DareToBeDifferent]

Asking “what can I do to get something?” Instead of stating the reasons why I currently can’t get something is so powerful. Your mindset really matters.

[@misswinifred730]

This book blessed me and I shared it with alot of my friends and colleagues and they are ever grateful to me till date. God bless you sir

[@InspireMedia73]

Miss Winifred Being wealthy is what most of us are dreaming, but the a wealth with no effort and perseverance to attain such is the most unfulfilling goal in life.

[@misswinifred730]

@@InspireMedia73 yes you are very correct, that's why most people who listen and read good books but never get rich because they expect money to fall into their homes

[@Jay-jr1fx]

Thank you so much! I needed this plot before reading and understanding the entire book!

[@ChronicleLiving]

You are very welcome!

[@GordMackinnon1]

businesses that don't require your presence is what i'm building now!

[@vnation4443]

Please what type of business is that?

[@blazealien8414]

@@vnation4443 Bro, thats a passive income generating income:D

[@elizangufor2056]

How? Please help

[@SeekTrack70]

Imagine how his dad feels after he wrote this book

[@Woodland26]

He would ask his wife some serious questions?

[@inihilisme1511]

he is dead, no ?

[@Komyets]

That was really educative. But it makes me question something. If all of the sudden, literally everybody in the world would know of this successful "Asset aquiring" life style and applied it to their lifes... wouldnt the lifestyle become non-functional? Would it be like, the secret Highway where you travel faster because not many know of it, but its purpose would be rendered useless because the more peopple learn about it and use it, the bigger the traffic becomes.

[@ChronicleLiving]

Hey Komyets, That's a really good question and I definitely thought about that before. In theory, if it were to be like that, I think it could change our world with a loss of balance. But in reality, it wouldn't. We still need workers like doctors, engineers, etc for our society to function. Heck, there's possibles of workers getting replaced by automation in the future, but that's a whole different topic. Not everyone has the same mindset for these "asset inquiring" lifestyle due to how first of all, it takes money to make money for almost every asset and money plays a big role on human emotions. We humans are emotional beings that can be lead entirely by our emotions. Many of times, where it leads is towards mediocrity.

[@motivationpouretudier2460]

Man, if every body will working in a country, that country will grow exponentially. In France, there is to much "Chomage", and that increase taxes and other problems.

[@motivationpouretudier2460]

@Improvise Musica Or to much procrastinate you can say too..

[@alesancoeduard8947]

then the competition will be much harder to become a successful man and of course, only the best will succeed, the rest of them will go back to shit jobs slavery

[@troyduffie3836]

Your question assumes two major things. 1. Everyone knows this information 2. Everyone can use this information We all know how to shoot a basketball and recognize that if we are good at it we can make a lot of money. But for various reasons-- laziness, lack of natural aptitude, lack of discipline, lack of access to scouts--we all don't make it. We all know what's good for our body, but we don't execute accordingly for the same reasons we all don't go pro. The second assumption also assumes that we're all as talented at buying the RIGHT assets which produce income. But we aren't, there are better investors than others, just as there are better lawyers and better chefs. If you told the masses( and you have--it's on KZbin, in books, on tv etc lol) the world wouldn't look much different than it does right now. Some people are satisfied, some start at a disadvantage, some don't have the same level of access.

[@tharunkantipudi362]

Awesome explanation sir

[@Speculector]

My favorite quote from the book was: "If you don’t first handle fear and desire, and you get rich, you’ll only be a high-paid slave."

[@fptygaming4175]

You must take action towards the success: Run towards the assets If you can't walk If you can't walk crawl But do it And I hope you will

[@rea8585]

Hey that was a good video :) Your animations are better than other videos like that and you really summed up the book in an innovative and efficient way. Keep doing the good job!

[@ChronicleLiving]

I'm very happy to hear that Quick Fix! That's incredibly encouraging for me to hear that you found this video among the top! Lol! Thank you so much!!! More to come in the near future!

[@Mark-wq5uw]

I feel there is a lot of value to be had with this book and video. However, with the number of entrepreneurs constantly on the rise and with such a high fail rate in place for new businesses it's easy to see how someone can criticize. There are more people now than ever selling people dreams and for the most part that is all they are doing - selling dreams. That is not to say there are decent mentors and businesses out there as we know that there are just do your due diligence. Get a job doesn't have to be big bucks but least you have stability then save and work on what you want to do on the side then hopefully, it gets to the stage you can quit your job but least you have that stable income coming in every week in case it goes bottoms up. Best regards, A Tried & Tested Entrepreneur of 10+ years

[@HeadHunter4410]

thank you very much !

[@Ang_Nicole]

Thank you for this!!

[@AthenaGate]

Yeah, honestly it seems like everyone is rich and they have seminars, a book and a KZbin channel. It always make me wonder, are you making money off of an actual business or is your business selling me hopes and dreams?

[@american6183]

good advice. pick something to get a stable income and go crazy on acquiring assets. you'll do well whatever happens.

[@american6183]

@@AthenaGate both! double the income! :)

[@davidb8777]

Knowing the difference between assets and liabilities and buy assets. This is what my biggest takeaway from Robert's book was. However... not everyone is well suited for being a landlord or owning a business. As Jason Kelly wrote , "Your stocks are never going to call you at 2am because the pipes are leaking". As far as a home being a "liability", Jason also wrote that even if your home price goes down, you can still live in it.

[@euler2117]

Didn’t realize how basic his book was. Thank you for the explanation

[@fabioloban7723]

best video of how to get rich just cause of this book dad rich dad poor one of my friend now economically now are okay