Robert Kiyosaki's Top Ten Rules for Success: Unlocking the Secrets to Financial Freedom

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✎ In this enlightening video, Evan Carmichael brings you the top ten rules for success by Robert Kiyosaki, the renowned American businessman, investor, and author known for his Rich Dad Company. With a net worth estimated at $80 million, Kiyosaki shares invaluable insights into achieving financial freedom and success. From his first investment in a small condo in Hawaii to buying a $7 million commercial building with no money down, Kiyosaki's journey is a testament to the power of smart investing, understanding good debt versus bad debt, and the importance of financial education.
Robert Kiyosaki delves into the significance of attitude towards money, the biblical principle of giving to receive, and the necessity of working more to earn more. His strategies emphasize paying yourself first, buying assets, and the critical mindset shift required to view oneself as the biggest asset or liability. Kiyosaki's focus is on financial intelligence and the acronym F.O.C.U.S.-Follow One Course Until Successful-highlighting his approach to investments and entrepreneurship. With personal anecdotes and practical advice, Kiyosaki’s rules offer a blueprint for anyone looking to improve their financial IQ and pursue a path of wealth and success.
The video also explores the economic insights Kiyosaki has gained through experiences like purchasing golf courses during economic downturns and the critical distinctions between earned, portfolio, and passive income. Emphasizing the importance of designing businesses that continuously raise capital, Kiyosaki challenges the conventional wisdom around saving, advocating instead for hedging as a more effective financial strategy in today's economy. His perspectives on overcoming fear of failure, the value of learning from mistakes, and the evolution of money since 1971 provide a comprehensive look into achieving financial success. Join Evan Carmichael and delve into Robert Kiyosaki’s top ten rules for success, a must-watch for aspiring entrepreneurs and investors seeking to navigate the complexities of wealth building.
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Thank you for watching - I really appreciate it :)
Much love,
Evan
#Believe

[@EvanCarmichael]

Looking for more of my Top 10 and Top 50 Rules for Success? They are now on their own channel. You can subscribe here: kzbin.info/door/acX6JAo1EpmxT91r6VH53g

[@davephillips8383]

If you get this message check out www.paydayeveryday.world

[@WOLFMAN305]

My poor dad said "I'm poor because I have you kids" my rich dad said "I must be rich because I have you kids". That stuck with me ever since the first time I came across his book because I'm a father. Being a poor dad is not an option for me. Thanks Evan, I definitely appreciate this one.

[@EvanCarmichael]

+WOLFMAN305 Woohoo. Thx. #BTA45 Nina

[@mariussnyders8539]

Rule no.4 FOCUS... made me realize that you can't try 10 things at once.. Focus on 1 thing! Thanks

[@shomreitorah5174]

+Marius Snyders yup. His lesson on focus pretty much sums up the book I read called "The ONE thing". I'm a student majoring in accounting and I used to read a lot of books on real estate, stock market, commodities. Now I'm just focused on getting my degree. Will I be rich as a CPA? maybe. But the main reason I'm majoring in accounting is to be able to manage my own money. not rely on someone else or hire someone to do it for me.

[@Tehutii55]

+Shomrei Torah Good for you!! I wish someone gave me a clue years ago! Get moving forward!!

[@servantrose]

+Marius Snyders Yes!! We just realized this in the last few months. The book Essentialism talks about this and how to do it. But in my opinion, this takes a lot of self-discipline when you aren't used to doing it.

[@nikijc1501]

+Marius Snyders Excellent to also listen to Yogesh Chabria and Happionaire on attracting wealth with Goddess Lakshmi and Goddess Saraswati. Superb!

[@KevinRuiz-mp3qb]

+Marius Snyders duh

[@puneetkumars6344]

Rule no 4. Focus F - follow O - one C - course U - until S - successful Awesome definition of success.. thanks Evan & Robert 👍

[@TheLovely990]

I always think about buying the stock first, versus buying the item. Why should I spend $500 on a Coach purse, instead of buying $500 worth of Coach stock. It's all in changing your mindset.

[@EvanCarmichael]

+Val Luv Great thinking! Thank you for watching :) #BTA101 Rey

[@nvrrrwn]

Perfect now your thinking, put your money to work for you instead of you working for your money

[@quantumfrost9467]

That’s what I’ve started doing, I’m fairly young but have started getting involved in shares, now (funny enough) birthday and Christmas money is going to shares aha

[@georgiaa213]

problem is, if everyone does the same then no one will buy coach products and your coach shares will be worthless. very simplistic analysis by Mr K. truth is, the minority need the majority to remain financial ignorant

[@zampy15021993]

@@georgiaa213 Exactly. The point is that any dollar (or other currency) "released" is just basically lowering the power of the people and increasing prices. As long as people keep buying, spending (and they need to do that), companies will increase profit. If you own the company (or part of it) you have an asset and your value will increase. If you own money you have nothing. Money is no asset. But you are slightly wrong on one point. Stocks are not infinite, thus if everyone want to jump in someone would necessarily be cut out, then good luck. Is actually crazy to think that anyone could buy any stock at any time, even the entire index itself through ETFs. If one day volatility will be reduced to the minimum terms, the only way to get out of poverty would be to have a great business idea. Capital is power, capital increase value over time, cash doesn't, and this is the only reason why the gap between poors and rich is increasing.

[@KaiAndrew]

First real book I ever read. Seriously, I was not a very good student when it came to reading. Read this book at 19 and it changed my life. I was able to "retire" at 27 starting the path Kiyosaki helped setup. Not really a step-by-step type of book, but more of the mindset it helped shift my way of thinking. Burned through his whole series and it changed my outlook at money and opportunities. My dad was the typical "poor dad" but had great intentions, he just didn't know any better. We were a poor and my family were refugees. Long story short, I built a portfolio of properties, learned how to sell and lead teams. Got lucky a few times, not absent of several setbacks, and was eventually able to leave the rat race. I owe a lot to Robert Kiyosaki. If you liked RDPD, I'd strongly suggest Four Hour Work Week by Tim Ferris.

[@EvanCarmichael]

Thank you for sharing your story. :) #BTA819 Luka

[@omspayne5830]

Modern Maximalist fake news! His selling books not real estate strategy!

[@josherney9820]

Come on, now... enough with the memes. No where did he claim that RDPD is a real estate strategy. Read "Millionaire Real Estate Investor" by Keller if you're looking for a more explicit strategy. Either way, you'll see the values portrayed in both books are the same, one just holds your hand more.

[@BluesHarpJammin]

I absolutely love Robert Kiyosaki. I've read almost all of the Rich Dad books. "Rich Dad Poor Dad" is one of my all-time favorite books. I've always wanted to invest in real estate, then a realized one of the lessons that his Rich Dad taught him, namely, that in order to be a good entrepreneur, you must know how to sell. So, since I wanted to invest in real estate, I decided to get my real estate license and learn how to sell real estate. Now, I'm starting my real estate career/business part-time with a phenomenal company (Keller Williams Realty), which will enable me to form a bonafide business around real estate. Reading the Rich Dad books have helped me shift my paradigm from an employee to an entrepreneur and investor. Great video!

[@locopatre]

goodluck to you, brother! I'd like to know how this goes! how old are you?

[@BluesHarpJammin]

+locopatre Thanks. I'm 41.

[@EvanCarmichael]

+BluesHarp Jammin (Dutchmeister) Thx for watching. Good luck. #BTA45 Nina

[@danielmondragon5044]

+BluesHarp Jammin (Dutchmeister) I'am 18 years old and want to get into investing in real estate as well( I was also was inspired to do this by Robert Kiyosaki). Do you mind giving me some advice? I'am a young person so I want to make sure the things that I'm doing are going to benefit my goal of becoming a successful real-estate investor. Thanks anyways.

[@BluesHarpJammin]

+Daniel Mondragon Well, I'm still learning it myself. I would subscribe to Robert Kiyosaki's Rich Dad website. A good place to start is to buy his CASHFLOW 101 board game and play it constantly. It teaches you the fundamentals of real estate and business investing. Next, find a mentor/coach who is a successful investor. The Rich Dad Company has a coaching program, so you should look into it? Good luck!

[@GeorgeLRosario]

Thank you. I know my WHY! I know what I want AND I'm on a threshold. It is time for the right level of change in MY life. I am working hard to reach my dreams. In the beginning of this year, I set 12 goals. Interesting enough I already reached a couple of them that I thought would be the hardest to attain. REACHED: 1. Appeared on TV in a Real Estate feature. 2. Finished my book and schedule a publishing date. 3. Learned to do 3 new things with my kids that they like to do (ride a hoverboard, ride a rip stick, learn their trendy dances) 4. Scheduled a public speaking engagement in front of 200 people (spoke before 500). 5. Start a new business. (In process. Will launch soon). 6. Read 12 books. WAITING: 7. Schedule a public speaking engagement in front of 500+ people. 8. Schedule a public speaking engagement in front of 1,000+ people. 9. Get 6 home listings over $1,000,000 each (already have 1). 10. Help my 2 older sons start their own businesses. 11. Learn conversational Greek. 12. Finally purchase a motorcycle to take my father on rides again. I already reached the toughest one. I appeared on a Real Estate related TV special. It was nationally televised. Each goal I reach is replaced by a bigger goal. Here is my appearance on NBC Open House TV ... kzbin.info/www/bejne/jIHEpp6cea2UjNk Like I said, I replaced each reached goal with a tougher one. I ask that as you read the next six goals, you read the reached goal first and then the new goalI replaced the first 6 goals with the following: 1. Appear on THREE TV Specials where I speak directly. 2. Write 7 children's books (a series). 3. Learn 6 new things with my kids. 4. Shake hands with 6 nationally recognized multi-millionaires. 5. Start a Christian Church that stays true to Jesus Christ's greatest commandment. 6. Read a book a week! BONUS*** Buy Mom and Dad a better home. I know my why. I am George L. Rosario. Remember me. I'm the one. George L. Rosario NYC's Hometown Realtor www.GeorgeRosario.com snip.ly/k2zf7 #glrosario #RosarioShalomayevTeam #NYC

[@DDAWGY1]

Robert Kiyosaki is the definition of an American! He has helped many Americans become successful.

[@EvanCarmichael]

+D_Koch Woot :) #BTA74 Nina

[@johnbones6257]

2. The more you give, the more you receive. He then says: "When I meet someone who hasn't got any money..." you are expecting him to say: "...I always give him some money." But, no. He says instead: "...it just means he's not giving something." LOL. Now that's what I call generosity.

[@EvanCarmichael]

Thanks the comment and for watching john. :) #BTA436 Shine

[@juneaddis4940]

wow!

[@amebumpous9463]

Give a man a fish he eats for a day. Teach a man to fish he eats for life

[@DanielHernandezCa]

wow! great Top 10 rules Evan!

[@94nolo]

Rich Dad, Poor Dad on audiobook was the first book I "read" on finances and really anything in a decade. It's the book I needed, because in it wasn't just financial education, it was EDUCATION education. Meaning, he breaks down the societal norms in both money and in education. He breaks down how education has let you down, how your teachers were wrong, how your middle class dad was wrong when he told you (me) to get in a trade school. He unlocked what I needed to hear: they were wrong. I knew it deep in my spirit, but I was never really taught that they were wrong. And this book did that. It made learning fun again.

[@EvanCarmichael]

Thank you for sharing with us. :) #Believe #BTA962 Luka

[@bwing411]

Robert is a genius, and he is what inspired me to start investing at the age of 18. Although he may have some experts lean against him, I believe he is the investor of the future. He is ahead of the "save money and then spend" type of investor. He knows how to use societies weakness in making money, as an advantage to get ahead. It's a shame some people call him a gimmick salesman, because his methods really do work, and his team writes great books.

[@locopatre]

what investings have you done, if i may ask?

[@bwing411]

+locopatre currently I have the majority of my savings in blue chips that I've researched. I started my portfolio with slow grow dividend paying blue chips. Eventually I will speculate with value stocks. Also I am learning about real estate, I want to be a landlord before I am graduated from college.

[@locopatre]

+bryce e so you are a trader? how is that working out for you? You're in college, do u want to be an employee in the future? doesnt this slow down the proces of u following your dreams? (unless you need college to reach your goals) i hope u will reach your goals!

[@bwing411]

I am not a trader, Im an investor. I believe in holding the companies and collecting dividends while they appreciate. I also am going into the financial world, and studying business management, so in the future I plan to own my own Corporation, that involves real estate some how. I don't plan on being an employee for too long.

[@awsomeclipsnow]

+bryce e How old are you and where are you from if I may ask?

[@jspaingreene6350]

I really enjoy your editing, Evan. You put vital information together in a concise manner. Thank You for all the positive messages! #BTA2

[@BayonleArashi]

been looking forward to watch Robert's top ten and am not disappointed at all. Thanks Evan.

[@EvanCarmichael]

+Bayonle Arashi Awesome. Thanks Bayonle #BTA45 Nina

[@zacheriahwoodward4123]

Don't Save money. HEDGE your money. Thanks Evan

[@deg_live]

Evan thank you, you are the best:)

[@yogesh85d]

I learnt importance of investing and chose to become an Entrepreneur after reading Robert's books - Rich dad poor dad, Rich dad's cash flow quadrant and Rich dad's guide to investing. Thanx Evan for doing video on Robert Kiyosaki. #BTA2

[@EvanCarmichael]

+yogesh85d Good luck.. :). #BTA51Nina

[@terrycrews1760]

yogesh85 so far how has investing gone for you?

[@karate2252]

Yogesh how far ate you now ?

[@rainmbt3855]

Robert Kiyosaki is one of my role models, thnx Evan for this helpful video

[@seansean6273]

THX Evan!!

[@MakingEndsMeet_JudysStopNShop]

Rule 4 because I need to master 1 business before starting another!

[@EvanCarmichael]

Thanks for the comment and for watching. :) Always #Believe. #BTA271 Shine

[@redzzzz468]

how do you balance if you have say 8 buisneses I'm talking upstarts?

[@redzzzz468]

your cute

[@arruncrown]

It's really life changing

[@arruncrown]

Also working on principles given in this book

[@kennjt5015]

The tenth rule though. Haven't actually even thought of that. Blew my mind!

[@EvanCarmichael]

Thanks for the comment and for watching. #BTA229 Shine

[@vfddcv7445]

one thing I think it's important and no one talks about..... don't fuck up your health

[@EvanCarmichael]

Thanks for the comment and for watching. #BTA364 Shine

[@carlosrivas3097]

My favorite is #8 "Don't be afraid of losses" because losing doesn't equal failure, not learning the lessons from your losses does. #BTA1

[@EvanCarmichael]

+Carlos Rivas Awesome message! :) #BTA74 Ivan

[@DevonTriche]

Rich Dad Poor Dad is one of my favorite books. I used to play his game all the time "Cash Flow". I love every rule but the one that stands out to me the most is #2 The more you give the more you recieve. One of my goals is to become one of the biggest givers the world has seen, and not for the sole purpose of receiving but to leave the world a little bit better because I was here. #BTA2 #teammotivation #Believe

[@EvanCarmichael]

+Devon Triche Awesome Devon. #BTA46 Nina

[@NetSkillNavigator]

Wow nice goals tho

[@drpaulchan]

i have been his fan for 18 years. Thanks. #BTA2

[@EvanCarmichael]

+Paul Chan Woot. #BTA45 Ninaq

[@computerfastrepair]

hope ur doing sumtin with the info and books mr. "fan". knowledge is powrr baby

[@computerfastrepair]

+Tamamo Araki getting there

[@madesnoel]

computerfastrepair yeah...

[@maxi768]

#SecretsSelfmadeBillionaires by Paul Chan Hope you are now a billionaire also

[@TheLovely990]

Focusing on one thing is very important. I like that rule, and pay yourself first. Do not save, but hedge.

[@EvanCarmichael]

+Val Luv Glad that you like it. Thank you for watching :) #BTA101 Rey

[@kedardhabbe6275]

thank you evan you make best vedio

[@madanmohan4817]

Thank you Evan for the great video

[@annabellauwineza8024]

My favorite one was the last one, "STOP SAVING MONEY, HEDGE IT"

[@EvanCarmichael]

+Annabella Uwineza Thanks for sharing. :) #BTA82 Ivan

[@nandhinichicken]

Fantastic. Live smart and earn smart

[@EvanCarmichael]

+Murthy Vrn Thx for watching. #BTA45 Nina

[@gat1124]

This is a good summary of Kiyosaki's principle. It is easy to understand and relate to it. But I want also to hear the advise with regards to DONT'S of success like from Mike Tyson or peope who got rich and successful but ended up declaring bankruptcy. All about how to handle being successful and maintaining it if not making it grow.

[@MariosGerogiannis]

rule no 10 is an eye opener.nice video

[@alejandrovalera8428]

Experience makes you smarter! Definitely the one with most impact! Thank you!

[@EvanCarmichael]

Thanks for watching. #BTA195 Nina

[@evilmorty1440]

*I AM READING HIS BOOK RIGHT NOW.*

[@EvanCarmichael]

I'm glad to hear that. Thank you for sharing and thanks for watching! :) #BelieveNation #BTA753 Luka

[@shaoqinglihu696]

Daniel Rocha how did it go?

[@brace300]

Where can i find this book?

[@elpidiomenezes8149]

Evan Carmichael I would like to translate and make money. Could u help sendo me How you set this video up?

[@arruncrown]

I am reading this book and applying in life also

[@IknowIamafool]

Thanks. #4 was favourite.

[@EvanCarmichael]

Love that too, appreciate you for sharing and for watching. 😊 #Believe - Feb

[@AlgorandNews]

Well put together Evan. Point 10 is very powerful.

[@independencerealtygj4047]

Kiyosaki's books and talks were one of the first things that inspired me to begin real estate investing. He's right that the numbers and tactics are great but it's all about your attitude and your approach to money that makes the difference. I owe much of my net worth and real estate portfolio to this man's encouragement.

[@EvanCarmichael]

Glad to know he inspired you. :) Yes, it's all about our attitude and our approach to money that makes the difference. Thanks for watching! #BTA289 Shine

[@edwardhelb1139]

Experience Makes You Smarter,Change the Way You Think,FOCUS,Hard Times Bring New Opportunities, Don't Be Afraid of Losses,Know What Your Working Hard For, and Aim to Acquire Assets. #Believe #BTA2

[@EvanCarmichael]

+Edward Helb Awesome Edward. #BTA45 Nina

[@martinakong]

"3. Change the way you think" is the BEST. It resonates what is revealed from the law of attraction too... like shifting paradigms... Awesome!

[@EvanCarmichael]

+Martina Kong Thank you for sharing, and thanks for watching! #BTA141 Luka

[@goujmark]

I like rule 7. Know what you are working for. Earned, Portfolio, or Passive. Thank you for compiling these Top 10... awesome of you to do it!

[@EvanCarmichael]

Thank you very much for the appreciation and for watching Goujon Mark. :) #Believe #BTA596 Shine

[@TameraWeeks1]

Brilliant man! ! Always add assets.

[@EvanCarmichael]

+Tamera Weeks Thanks Tamera. #BTA45 Nina

[@pcchin1634]

I was doing such a silly mistake before now by trading Forex/Binary Option and stocks without making inquires from great dealers and Brokers who always forecast the market trends before investing my money into it, Mr Frank Robert is a sincere and GOD fearing Broker/Account Manager who always forecast the market trends for me adding to his strategy and software that makes me a winner all the time with sweet rewards of 100% of my traded capital, Frank you will continue to go higher in all you do in life sir.

[@pcchin1634]

You can reach for his techniques and strategy via email: [e-mail]

[@EvanCarmichael]

Thanks for sharing :) #BTA859 Luka

[@MUSCLEMANHOOD]

Nice compilation of Kiyosaki wisdoms! Thanks for sharing it! -Marreta

[@neprod5781]

thank you

[@Peter_P_Sam]

that's a great idea ever.

[@Allourquestions]

Excellent! When the video started you kept getting closer...I thought you were going to pop out and sit in front of me...lol.

[@EvanCarmichael]

+AllOurQuestions LOL.. #BTA63 Nina

[@zakaryaalsalahi5429]

1- Experience makes you smarter 2- The more you give, the more you receive 3- Change the way you think 4- Focus 5- Hard times Bring new opportunities 6 - Design the business properly 7- Know what you are working hard for 8- Dont be afraid of losses 9- Aim to acquire assets 10- Stop saving money, hedge it.

[@EvanCarmichael]

Thank you for writing down the list :) #BTA1136 Luka

[@zakaryaalsalahi5429]

@@EvanCarmichael thanks for the video :)

[@klondyguerra]

I liked the Hedge tip, all the points were very interesting and eye opening. Thank you for posting video

[@EvanCarmichael]

Glad you liked it. Thanks for watching. :) #BTA258 Shine

[@katherinek2709]

While I LOVE Robert, he has a lot of amazing ideas, and he actually inspired me to study business, it is important to remember the context in which he became wealthy: an incredible boom in Hawaiian real estate... which he then parlayed into a successful publishing career. A lot of his ideas about using debt fall on their face in bad economic conditions and there are a lot of people who simply don't have the resources to come back from that kind of fall.

[@EvanCarmichael]

Thanks for sharing :) #BTA875 Luka

[@jagakumar1283]

Standing ovations are awesome to you. It's a great day and thanks for your beautiful time.

[@EvanCarmichael]

:) #BTA858 Luka

[@Danny-fs1hk]

Another great video! Thanks!

[@eyasuhabtemariam4591]

I have all u books. U are really my inspiration.when i get a person who read a book i always tell them to read u book. The good thing is u use simple english & like me from afri & asi can understand it. Please everyone need to read u book. Thanks for ur gift.

[@EvanCarmichael]

Thanks for the comment and for watching. #BTA274 Shine

[@JesseNickelltheFourth]

My favorite principle was definitely: "...the more you give, the more you receive." -Robert Kiyosaki

[@EvanCarmichael]

Thank you for sharing with us and thanks for watching. :) #BelieveNation #BTA644 Luka

[@JesseNickelltheFourth]

All these videos you make are both awesome & refreshingly inspirational! As long as your loving making these videos, than keep up the good work Evan :)

[@hoorainfaisal9919]

He mean in terms of investing

[@jaipalbisht856]

Remember hard times brings new opportunities

[@EvanCarmichael]

Keep it on! #Believe :) #BTA982 Luka

[@felixdov]

nice review, thanks. His fundamental insight is his understanding of "Asset"...

[@EvanCarmichael]

+felixdov Thanks for watching. :) #BTA90 Ivan

[@FCOHDEZ27]

I like the focus rule. I've been subject to the "shiny object" syndrome and when I heard from one of your videos Gary V. Talking about chasing several rabbits, you won't catch one, I removed distractions and started focusing in only one business. Thank you for the value Evan. 🤗

[@EvanCarmichael]

Glad it's helpful to you :) #BTA939 Luka

[@ante94321]

DON'T BE AFRAID OF LOSSES - this gave me my health beck :)

[@EvanCarmichael]

+Shark Woot.. Thanks for watching. #BTA45 Nina

[@johnfontana6464]

my favorite is no what you working hard for.

[@EvanCarmichael]

+John Fontana Great message. :) Thanks for watching. #BTA33 Ivan

[@Carlosmalagon1503]

Evan Carmichael for c. Good man you can

[@Roy-zl2bw]

Good stuff. Thank you

[@cliffebong8764]

The first time I really understood inflation, and never heard of hedge before, very happy, just got a subscriber

[@EvanCarmichael]

Much love Cliff. Welcome aboard. 💛😊 #Believe - Dondon

[@Wehn.]

Aim to acquire assets and Hedge your money

[@EvanCarmichael]

Thanks for watching. #BTA257 Shine

[@mysterybuyer3738]

I love it when bill collectors call. I know I don't have to pay them and it's fun hearing from them.

[@EvanCarmichael]

:) #BTA880 Luka

[@xfilecity]

I hit the like button after watching 1:20. Great information

[@EvanCarmichael]

Glad you like it :) #BTA1049 Luka

[@faYte0607]

Question for Robert's #7 point: I thought tax rate is the same regardless of what type of income it is (earned, portfolio, and passive income). Or is Robert saying that we offset taxes for portfolio and passive income by incurring expenses (tax write-off) for that particular business, which would minimize our gain? Well if we do this, we would pay minimal taxes (or 0% taxes), but doesn't this also mean we're not making any money then?

[@rafaelmendoza7357]

gold evan gold!!

[@EvanCarmichael]

+Rafael Mendoza Thanks. #BTA45 Nina

[@mrNetsrak1]

the 0% tax of passive income! praise the Lord for such a way to avoid taxes! Hallelujah!

[@malcox5218]

Haha

[@Painfulwhale360]

Karsten Hauger what do you mean?

[@stevengeorge2842]

THANK YOU

[@mariahamilton1341]

Inspirational. Simply principles to attaining wealth.

[@EvanCarmichael]

+Maria Hamilton Thank you. #BTA14 Nina

[@twrzenski]

"if you want to make $50,000 a month passively, you dont listen to someone that makes $50,000 a year." B.N. Great vid btw

[@NathalieLazo]

You explained this really well! 😄 Thanks for the great points about who to listen to in order to receive what they have! I'll remember this for next time!

[@roytjokroutomo9052]

I want you to make Andrew Carnegie top 10 rules for success instead of Robert Kiyosaki's

[@EvanCarmichael]

Thanks for the suggestion. I will pass it on to #BelieveTeam although we can only profile if there are videos/clips available. Thanks for watching. #BTA248 Shine

[@maclloyd2]

Bro, "instead of Richard Kiyosaki". You sound privileged and ingratuitous. Can you please ask politely and not come off so domineering?

[@rico28215ify]

I asked him a long time ago for Carnegie ....

[@gclbroadview1503]

Robert**

[@haioiii]

GCL Broadview and

[@TariqKhan-ks6yj]

10 Rules For Success By Robert Kiyosaki 1. Experience Makes You Smarter 2. The More You Give, The More You Receive 3. Change The Way you Think 4. Focus 5. Hard Times Bring New Opportunities 6. Design The Business Properly 7. Know What You Are Working Hard For 8. Don’t Be Afraid Of Losses 9. Aim To Acquire Assets 10. Stop Saving Money, Hedge It

[@EvanCarmichael]

Thanks for sharing :) #BTA822 Luka

[@highrawvegan]

Thanks so much for sharing this amazing information! I learned a lot. The tip to pay yourself first means the most to me.

[@EvanCarmichael]

Glad to know you learned from it Lisa. Thanks for the appreciation and for watching. #Believe :) #BTA443 Shine

[@purusottamtandia3407]

Don't save it, Hedge it!

[@maodamadman3867]

I'm 18 years old in college and I am reading rich dad,poor dad because a friend referred it to me. I am majoring in fashion merchandising. I love fashion but I also want to make a lot of money because I do not want to work all my life. I want to have control on how I decide to spend my time. I am reading this book to learn how money works.

[@EvanCarmichael]

Thank you for sharing with us and thanks for watching. :) #BelieveNation #BTA667 Luka

[@marcosantiago5400]

I love the number 8 and number 4 rules FOCUS and dont afraid to lose.. Take the risk and be smart

[@EvanCarmichael]

Thank you for sharing with us. I'm glad that you like it! :) #BelieveNation #BTA969 Luka

[@bauxeresham5702]

key WORD save! most of us are poor because we are still saving

[@c.pop.echo.28]

the fear of losing makes you a loser i think. they save the money just to spend it in one day on one stupid thing...

[@bauxeresham5702]

thats right

[@EvanCarmichael]

Thanks for the comment and for watching. #BTA231 Shine

[@ivanivanovic2253]

i dont understand how to hedge the money can someone plese give me a example??

[@cjezinne]

If the dollar inflates by 2% each year, put your money where you can get at least 2% ROI every year

[@cjezinne]

Lina S It's more like, the nature of money is that it will lose value every year due to inflation. So if you had $10 and you knew that you were going to lose $1, you would need to earn $1 so that your $10 stays $10. Just remember that oil, gold, stocks can also lose value, you just need something that stays more stable or earns enough to beat the loses caused by inflation. Thats why you should never keep lots of money in a bank account. You can invest in metals, stock, and oil on the stock exchange. Just sign up for an account with etrade, robinhood, or any other company

[@karthickk3263]

Chidubem Ezinne what do you mean by ROI?. could you tell me please?

[@sypher0101]

karthick k: Return on Investment (ROI)

[@CSBhalla]

thank-you so much it is very informative & impressive...

[@EvanCarmichael]

+C.S Bhalla Thanks for watching :) #BTA24 Nina

[@BlazeAdventures]

1. Experience makes you smarter. 2. The more you give, the more you receive. 3. Change the way you think. 4. Focus. 5. Hard times bring new opportunities. 6. Design the business properly. 7. Know what you are working hard for. 8. Don't be afraid of losses. 9. Aim to acquire assets. 10. Stop saving money, hedge it.

[@EvanCarmichael]

:) #BTA1301 Luka

[@nyanya9300]

I have 3 questions: 1. What is the smartest option when investing? Where and when should I invest, and when should I stop? 2. Where do I save my money? If I save it in the bank, Ill find myself paying taxes, right? So what is the best option? 3.I've seen some of Robert's videos and he says how it is better to invest from debt, so if i get for example 45000 dollars and I want to invest in buying a house and then renting it for (for example) 200 dollars a month, I'd have to wait more than 20 years to start getting money from it. I don't understand that very much. please help!

[@juanmanuelsolano5379]

+Nia Bakkali 3. Rent must cover your morgage and give some cash to your pocket. If morgage is $400.00 a moth, you rent for $600.00

[@mac1bc]

apparently you are supposed to keep buying properties until they make enough that you can live off of. the problem i have is i am too scared of taking on that much debt when I have a family to support.

[@mugshotsjava]

+Nia Bakkali ...I'm with you. Where does one start?

[@doublebigMark]

+Nia Bakkali I would say take an online course. A fast-tracked one. Start from there. Invest in education!

[@radzirosli]

start with time,invest it wisely.

[@FredoWfpb]

Can someone please explain simply how to "hedge" money?

[@FredoWfpb]

sih1688 Thanks for the info!

[@FredoWfpb]

sih1688 Thanks! You too!

[@Huffim]

+Wholistic Nagev INVEST YOUR MONEY INSTEAD OF SAVING

[@ifwecouldvote]

Put it in a bush.

[@eduardbira2703]

First or of all I want to thank you and the entire team that works behind the scenes to create all of this great content and if you don't mind a suggestion for Anthony Hopkins to be part of the 10 rules for success series. Great actor, musician and painter. Also the way his mind process thoghts and ideas is slightly, the least, superior to the average inteligence. Peace and keep the great work coming. Thanks for your time!

[@EvanCarmichael]

Thanks for the suggestion EdyB. I will pass it on to #BelieveTeam. :) Thank you very much for the appreciation and for watching! #BTA374 Shine

[@DeepakSharma-we1td]

Very educative and inspiring vdo sir, thanx.

[@EvanCarmichael]

I'm glad that you like it! Thank you for watching. Much love. :) #BelieveNation #BTA766 Luka

[@Iamjamessmith1]

One rule of speaking to a leader like Robert is to always agree. Yet, I don't quite agree with his religious invocations on rules one and two: Rule one he implies that those without money have none because they are not giving, perhaps not even of a generous heart. This is pure unfounded opinion, yet a nice point, isn't it? There are many generous souls without money. Also, it implies that those with money are giving. Like banks and those "rapacious" people Adam Smith mentions. They are not givers yet often do well. Now, rule two is pay yourself first. If Robert wants to play the "I respect religious dogma" card, then the firstfruits are not to himself, but to the church.

[@rashoietolan3047]

James Smith read the science of getting rich or listen to it on KZbin

[@rashoietolan3047]

in regards to how noble and necessary the attainment of wealth is on an individual level

[@stillwill2215]

I notice that all of the big money people invoke this same principle. They give big. Dave Ramsey, Warren Buffet, The facebook guy....

[@jacobtorres5542]

Im pretty sure when he says to give it doesnt mean to give to others. There are different ways to give, the way I understood it was that you should give more to your investments if you want to receive more

[@christophersuchy3632]

you understood it wrong. He literally means to give it away to those less fortunate. He and many other successful people donate hundreds of thousands each year

[@glenarnett7589]

All of the comments helped me.

[@EvanCarmichael]

That's great to know Glen. :) All the best! #BelieveNation #BTA306 Shine

[@JM-wq2ms]

Great advices, the focus it`s a big one.

[@EvanCarmichael]

+João Martins Thanks for watching. :) #BTA72 Ivan

[@drdokesn1]

great insights ...liked the 10th rule of hedging money

[@EvanCarmichael]

+Sanjay Doke Thanks for watching. #BTA74 Nina

[@admiralrohan]

What is the difference between save and hedge? Can't get the last point.

[@jimmywilliams7258]

He's saying invest your money in something that's going to give you a higher rate of return than inflation will take othe wise your losing money(buying power). For example let's say you have a $100 and the annual rate of inflation is 8%, if you just let that $100 sit, that $100 dollars only has the purchasing power of $92 the next year. If however, you invested that same $100 and got a 20% annual return, you're in fact gaining 12% in terms of buying power..... I hope that makes sense.

[@jordan-vx7ts]

makes sense

[@mantasdk]

what kind of investment gives 20% return? :D

[@hengkygunawan300]

Mat Mo real estate?

[@jguillermooliver]

business

[@davidcraig7771]

He doesn't really elaborate on passive income and how it is not taxed.. some way or another income is taxed

[@EvanCarmichael]

I guess because there is also a need to ask an expert on that. Thanks for watching David. :) #BTA338 Shine

[@urbanlumberjack]

David Craig he means that passive income is taxed at lower rates than ordinary income. 23% top bracket as opposed to 43%.

[@nvrrrwn]

Wow, people residual income isn't tax free but you can claim it as petty cash on your business for expenses once your business makes a over 10 million.

[@36nick4truth]

There are ways to make money without paying taxes.

[@justanghozzst8218]

If you're constantly having nearly equal losses and gains there are no substantial taxes. You can claim the losses against the taxes you have to pay. This guy's idea is that by never saving your money and always investing it -- then you can have millions in assets but no liquid "savings". I'm not sure I agree but taxes are way less when you don't actually have a lot of money in the bank. This guy might have millions in golf courses and other lucrative stuff and probably a lot of bad stuff and debt.

[@iyerpdkgnm]

Follow One Course Until You Are Successful (FOCUS) Focus are essential skills in life. Great lesson.

[@EvanCarmichael]

Thanks for watching #Believe :) #BTA1584 Veljko

[@apptryout5861]

Great Video i Like mostly the Focus Part. I follow m Dreams and exactly this Idea of keep on doing and make Better you buisness learning lifetime is so Important. But also the other advice are good and Really helpful

[@EvanCarmichael]

Thanks for sharing :) #BTA804 Luka

[@AlexanderDiArmani]

well, oil is $28 now... so yeah

[@wtfuredead]

+Alexander Agustine what a great time to buy oil ;) ...or not? Some can argue that you should not invest in it as it will be used less and less in cars, as there will be more electric ones. But i disagree. first of all, it will take time for people to get confortable with the ideea, second, it will take a lot of time to change the gasoline/diesel car with an electric one, as you can only build so much of them(elon musk estimated about 10 years), and third, some of the electricity will be made using, you guessed right: oil. You also use oil for other things than cars. So i believe that's a great time to invest in oil. As for now, the prices are dropped so some of the oil producers will get out of business. That should create a monopoly. If i had 10k $ laying around, i would invest 5-6 in oil, and wait to see if the prices will drop even more. Damn, who am i fooling? I would spend 5k to buy a Mazda mx-5 mk1, an rotary or V-tec engine, racing suspension, and make that car a track beast ^_^ . Yep, we are our worst enemies...

[@masculist1019]

+wtfuredead that car is what Robert Kyosaki would call a liability. If you had put you money where your mouth was at that time, you could now buy that car from your gains. ;-)

[@terrycrews1760]

Masculist101 what an idiot you are lmao. Clearly he was being facetious. How could you not read between the lines?

[@robinali2857]

What a difference a year makes. Oil is about $65 and electric cars are well on their way to replacing gas/diesel cars.

[@sypher0101]

I think it'll be sometime before Electric Cars make a big enough impact to affect gas powered vehicles. Also, Oil is used in many other things other than gasoline too, so I don't think it's going away any time soon either.

[@OCDTraci]

So, umm. How are you supposed to "give more" when you have nothing to give to begin with?

[@HeyPira]

OCDTraci he's not talking about money. just giving advice or helping someone

[@EvanCarmichael]

He is focused on the mindset of abundance not on scarcity and as HeyPira said, it's not always about the money, we can give time and help others but of course it's easier to give more if we have it. #Believe #BTA364 Shine

[@la7594]

He gave an example of that...a person wants to work less and make more money. You have to work harder so that you'll be able to make more money.Like a raise or promotion

[@fergonga57]

Thank you very much Robert for transforming my life from Fear to Freedom and for providing the tools to my family to get their best version every single day. For the past twenty years I have been your student and you taught me many lessons that allow me to be financially free. Thank you for your support on our continues travels to Latinamerica where the people love you because their build a much better future because of Rich Dad Poor Dad. Good bless you, Kim and to all the employees at Rich Dad Company. See you soon big brother.

[@EvanCarmichael]

Thanks for sharing :) #BTA805 Luka

[@monicalyle6051]

Fantastic, this is an eye opener. Many thanks for sharing.

[@EvanCarmichael]

Glad to hear you liked it. Thank you for watching! #BTA154 Shine

[@SoulPapiii]

HEDGE im buying all the things i want in life now money will eventually hit zero then perhaps they may initiate a new stage of exchange through microchips

[@ERIN_198]

Mark of the beast

[@megafan5195]

"If you know what you are doing you can do it" Yeah, the thing is that 90% of the time you don't. That's why people who invest a lot go bankrupt all the time, those who don't are just lucky or know some particular insider information. Survivor bias

[@RealHomeRecording]

Yup. And there's a lot I want to do but don't have the money to make happen!

[@michaelpaliden6660]

Pick one thing like a single mutual fund for example try it learn go from there I did it that way and not rich yet But much better off than before

[@jacobtorres5542]

RealHomeRecording.com OPM

[@joedoe2261]

Lol, you live and you learn. Start small not big.

[@danmclaughlin1180]

You sound like one of these poor (dumb) dads!... With that attitude you will never get anywhere.

[@karthikreddy2666]

good one.. thanks Evan...

[@karthikreddy2666]

overall work for passive income...

[@EvanCarmichael]

Thanks for the comment and for watching Karthik. Glad you liked it. :) #BelieveNation #BTA506 Shine

[@sdaklfnwalef]

@ 9:40 what does he mean by passive income? the only passive income I can think of would be for example mutual funds/ stocks and bonds and renting out real estate.

[@EvanCarmichael]

I think that's what he mean also by passive income. Thanks for the comment and for watching! #BTA216 Shine