The Key to Financial SUCCESS is to Understand THIS - Kim Kiyosaki [Cashflow Clubs]

[@TheRichDadChannel]

When you decide that you want to make more money, do you focus your efforts on -- Increasing income? Decreasing expenses? Acquiring assets? Eliminating liabilities?

[@samadams84]

Assets mainly, but I agree with all the above

[@rosemelitadoadison3514]

Right now i already out of 10years bad debts. And Im focusing how to build my financial structure. Im buying kaiser Healthcare ( cause i dont have any DC) and Saving for emergency funds cause I have to support my brothers health. Then saving to acquire a passive income asset. #askrichdad hope this is a good plan.

[@markjohnson3192]

Getting assets. Then increase income

[@RayH-]

I am sharing this with as many people as possible I think it is that important to consider. Everyone should view these two videos for consideration. Video of Wuhan Coronavirus kzbin.info/www/bejne/g6aniGmlmNt7apY Comparing the Coronavirus to the Flu by the numbers. kzbin.info/www/bejne/pXfPgJ6hor2Ga5Y

[@oceanwonders]

I'm so happy to see vibrant Kim showing up more on this channel!

[@letstalkaboutmoney7664]

The common misconception of financial freedom is having a high income/high paying job. However, as Kim states, financial freedom is the state in which your assets cover ALL of your expenses. When your assets are working for you with little to no time commitment from you, and are paying for all of your bills, light, gas, rent, car etc., you are worry free. This then allows you to commit time to your passions without the fear of not being able to cover the expenses. This is how the rich get rich. They buy their time back with their assets and are able to pursue new things, new opportunities! Unfortunately, we were taught by the school systems and our parents that getting a high paying job and benefits was the only key towards financial freedom. We must not work for money but work to have money work for us. The only way to do this is by acquiring assets.

[@lifesajourney101]

Well said sir.

[@14kurtismiller]

Part of success is spending habits. Many spend beyond their means, constantly feeding their wants through frivilous purchases and often make purchases on credit with monthly payment plans accruing interest until their debts are paid off. Add this to the fact that many people make liability purchases instead of asset purchases. Example, a car used or new is a liability purchase. An investement into a company's equity share is an asset. This is especially done during tax season when people tend to get back a few hundred, and even thousands od dollars at once. No planning, self educating on finances and ivestments equal bad spending habits multiplied many times. When you know better you do better.

[@jerrylisby5376]

Car a liability? It gets me to work and back. 3500 dollar car. Driven for 4 years. 2000 Nissan Maxima. Went from 100k miles to 170k. Still running strong.

[@14kurtismiller]

@@jerrylisby5376 Unless the car makes you money for its expenses say Uber or Lyft yes, it is a liability and a necessity for some people. It is great that you stuck with the car for so long. No need in having a leased car not paid off, your insurance would only be higher than what you pay now as a result.

[@jerrylisby5376]

@@14kurtismiller well the car is an investment in me. It's my partner. It gets me to work where I make money. It never complains. It stays in the driveway until I'm ready for it. It never fails me. I couldn't make any money without it unless I work from home. I have no payments. A little maintenance. Only liability insurance. If the car is a liability, it is a very low cost one. My insurance is 260 a year. It gets 27 miles to the gallon. I wash the car myself.

[@vicioustide]

Cars takes money out of your pocket especially if you amoritize the repairs which are inevitable and the law of having to pay insurance and taxes for licenses and inspections.

[@artcoin9699]

I need my wife to watch this with me!!! I love you Kim!!!!

[@radiumescape]

what do you love about her? that her eyebrows are half way up her forehead???

[@keriandrei3462]

@@radiumescape romanii și umoru lor :)) oriunde dai de ei /romanians and their humor

[@mrswealth2883]

God bless us all with great wealth. 👍

[@alony2]

Kim Kiyosaki you are the best , you explain very simple , things that enter to the brain easy

[@Hinni_Haven]

I have been listening to Rich Dad videos regularly for about 4 months; I have finished one book and am listening to another; and now I've bought the Cash Flow boardgames. My thinking has already begun to change, and I thank you so much for that. In fact, I'm now looking around me and trying to determine what would be some assets I can acquire/create/grow. I look forward to where God and I will go with this new viewpoint.

[@zequitotivane]

did you make it?

[@justineggenberger1183]

Yesterday, my seventh grade students and I were discussing The Third Cure for a Lean Purse from Richest Man in Babylon. This is the exact message we ended on. We are playing Cashflow and Monopoly on Fridays. This video will be playing. THANK YOU!

[@justineggenberger1183]

@@KR-ln5qw 16th year

[@samadams84]

Hello future billionaires

[@mdanzar9219]

😊 I'm here

[@chris0000924]

Coming soon, Zimbabwe: America edition

[@bakesabundant2028]

hi

[@siyampradhan4236]

Hey

[@HipHopMovieNews]

Great class. I loved that doorman story. Opportunities are all around us.

[@sochahaipodcast]

Very nice...whatever kim and Robert are doing is just absolutely great things...teaching financial education is the best way to help people to serve as humanity...thankyou Robert Kiyosaki and Kim Kiyosaki for helping humanity

[@asepfitriansyahgoodlife]

Thank you , God always bless you of all

[@princesign999]

Hello mam I'm from India in jharkhand state at giridih. I know the game of money in depth because of Kim mam and robert sir. Thanks a lot.

[@korgond]

Thank you Kim 💐💐

[@blackbeltfinance4026]

Keep it simple! I love it! Some people just like to over complicate things

[@jmoney6652]

I just bought an app of monopoly for $4.99. I would love this game to be on a mobile format

[@msulove6100]

Create it, get paid. 🤗

[@appiecoolop7201]

ms u LOVE or get sued 🤣

[@trench01]

its free online to play on web browser on their site

[@savegas2008]

Its on android. I dont think its in the play store, but its on the web to dl from mobile browser, and install from unknown sources.

[@ktheeskywalker2071]

Played the game online on my first 2 tries went bankrupt 😂😂 (getting used to it) 3rd time beat the game through patience and observing cash flow and down payments and ultimately persistence to learn

[@christinajones7319]

Thanks Mrs. Kim

[@leandrolima6460]

Thank You..

[@davidn4884]

I’m not another ME lover off all his tips. But I’m a doorman and opened a business and rich dad poor dad book was suggested to me by my dad. Now I want to play some board games next week might buy this haha

[@armandfotie3844]

You are so nice and thank for all your are doing for us,hope to see you in another video

[@Gordon.Collins]

Thank you for the value!

[@georginakautu4578]

I wish more people in my country knew bout this

[@undermyumbrella6911]

Hi Kim, Thank you for the starting Music, that's very charming. Whenever I watch your video start Dancing 😁

[@lindensmith365]

I love how u explain it ❤️

[@dancerdancer313]

Thank you for this info, Kim!

[@GrinsInc]

Thanks for posting! Cheers, SV Good Karma

[@diegicast]

Genial explicación

[@congosrevolution8625]

Your mindset equals your reality. Shift your mindset fellas , invest in yourself otherwise you’ll never leave the rat race !!!!!!

[@floridastacker]

Mr mastermind all day everyday!

[@NicoMoreno]

Thanks so much for the awesome video 🔥 This will definitely help me Become Wealthy and Improve my Finances!! Keep it up! 💯💯🙌

[@saulaguilar8354]

Nice lil video so we’ll explained ! Deff going to buy it and also try to make an asset

[@anilbangera1]

The best version

[@ronbonick4265]

I wish I could meet these people... They are soo kool

[@Kruse1]

The lesson is get a good job and live like you have a crappy job ...for a while.

[@thehungergames8918]

Kim you are the best 👍🏻👑💎🏆🏅🥈

[@Badreddine96]

thank you

[@lylewilliams1371]

Thank you.

[@senthilkumarn4u]

Very very good..

[@Zk8et]

Nice vid Kim 👍👍

[@greglewis2398]

Great video.🙂

[@AnkitRawat-ff2ye]

Its not how much money you make, its how much money you keep

[@paultrowell3464]

hi can i ask what the difference is between the board you show here (101 i believe) and the classic many thanks Paul

[@bakesabundant2028]

It's not how much money you make, how much you keep matters. The idea is to have more money coming in, (passive income) than going out (expenses/liabilities) each month -> each year.

[@PassiveIncomeTom]

*That is a great startegy! Have more Passive Income to pay for your expenses.* 👍

[@dan7234]

cash flow can be generated in many forms . Another mans thrash is another mans treasure or Buy a reasonable car with low miles on it, from a private seller who needs to sell it, tidy it up and on sell it for a profit .Find an old house on a large block of land with development potential ,put an option to purchase on it with no deposit, no finance for say a time frame 12 to 15 months ,get all the approvals for the development and on sell the property to a developer for a profit. If you have trees on your block that need to be removed, place an add in the paper or face book etc- come and remove trees for fire wood $$ .. per tree. Cash flow is every were to add to your passive income. A great way to put extra money away to fuel your investment. Learn about collectables, Art ,coins stamps, antiques, all money making ventures .Buy the way you can make huge amounts of money from special breeds of dogs, or by being a part owner in a race horse the list goes on...

[@RealmsOfThePossible]

Spend money on what you need not on what you want.

[@Planetgreenzen]

I love this

[@justgraves8761]

Don't work for money, create or acquire Assets that generate Passive Income (CASH FLOW) more than your expenses. Can you do a video on how to acquire & create the Assets using OPM. I haven't figured this part out...or anyone have any suggestions? Thanks for this Kim! Much continued Success!

[@easystudyzone9739]

Thanks for this video. I always play this game and it is amazing. But it shows only real estate investment is passive income source. While other sources such as bonds, stocks are giving less cash flow. But in real life without any regular income bank won't allow to borrow loan at starting when you don't have any assets how to solve this problem. Please help me

[@comptonsmarkets]

Where can we find the financial statement (rich dad version)? Great video thanks Kim !

[@vincebarranco5499]

I have a question: I am having my 8th grade elective class "Think and Grow Rich" play the cashflow game. How does the money work when you buy a house from another player. Do you only pay the down payment and the seller carries the contract?

[@WallStreetIceCream]

How do you invest in real estate with little $?

[@joeshmoe9978]

Try fundrise.com

[@Spartan375X]

Play the Cashflow game, read Kiyosaki's books, go to real estate investment courses, listen to their podcasts.

[@savegas2008]

I have the Android game. I dont even bother w real estate in game. I buy as much stocks as i can afford and every price except the listed high price. Then sell at the listed high price, or higher (sometimes it will go $10higher) game is capped out at 99,999 shares of any one share buy max limit. i played for a few hrs to see if it would let my bank get up to ten mil - yes. Then 100mil - yrs. I Didnt go past that.

[@Thaksinnaenaudon103]

Reteurn on information

[@ronbonick4265]

example: I own a piece of land - but how to get the cash to build so I can get income???

[@teddystewart9252]

I hate being the doctor, I picked it the first 2 times I played! LOL

[@FrancoMendozaSpeaker]

Teddy Stewart I love being the doctor, my wife and me play CASHFLOW every day with DOCTOR...

[@fergraciano0213]

Hello kim, please that class with subtituls in spanish, tank you very much

[@jhinp0t]

I remember I got the "Janitor" card in the game and I went bankcrupt😒

[@sonchoe8773]

How to get cash flow game? I went to looking into apps store. I couldn’t find it. Is it available to download?

[@reangatta3109]

👏👏

[@XxlololalalexX]

I'm still kinda scared of creating a business, and I'm unemployed... But I guess I gotta provide for my family, because apparently my wife won't work, so it's up to me to provide... Oh man.

[@jerrylisby5376]

Find something you can do while working with no money risk. Hint: Wholesale real estate.

[@savegas2008]

Take off that dag-gone 18k boat. Thats an insane purchase and i wouldnt do it. Always upset when i pull that card.

[@manamimnm]

Why is it that the iPad app for the game isn't updated for the new iOS?

[@laughinglady79]

How do we use the grow4u, small deal card. it cost $40 and it has a 0% roi. selling for $10 to $30; what is the point then?

[@nikosjasonfakaro5311]

Thank you ! We purchased the game and are wanting to play with the kids ! We love the value RichDadEducation provides

[@moatzelmalawany6993]

Is my own business an asset or not ?

[@weerobot]

I wanted the Janitor...lol

[@alainfaber]

Can you play this game by yourself?

[@PassiveIncomeTom]

You could but it's like playing Monopoly by yourself.

[@alainfaber]

@@PassiveIncomeTom I understand. Time to make new friends with an open mind 🙂

[@udescarta4320]

@@alainfaber yes, you can, and theres an online version at their website

[@alainfaber]

@@udescarta4320 I will check it out. Thank you

[@utsavsrivastava6554]

Mam I am from India I want this game but in india it's not easy available can u please take a look that how can it easily available in India. Thanks I hope u can understand the thing what I want to say. Thanks in advance for motivate people like us. Thanks once again.

[@waseemahmed6585]

Because Robert is my father, you are my mother now ..

[@theofficialkingmidas]

hmmm

[@nativejoe8963]

Why are the money grabbers murdering Silver si sistematically?

[@dielauwen]

DUH CAT knows , Just go live with richer people. Monthly income from Royalties from writing, Videos, Music, Acting, and so on is a great way to make money for a long time. Assets are not only objects. Less talented go for rental properties which require reduced effort. I know a man who built 2 houses a year. he had no employees. 1 to rent out and 1 to sell. After 20 years that is 20 rental units and the profit from selling 20 houses. He never had a job after his apprenticeship. Retired at 50.

[@appiecoolop7201]

Its easy said but when you focus on income you got allot of jobs open for you but when you focus on assets there s nothing like invoice for you waiting for some one who want to focus on assets its more like create your own start a bussnis and fail 100 times after that you may finally see some income and afther that you can go for safe and invest in real estate that my opinion about it please let me know if i see it wrong. Ps at the end of the day reason of making this video aint just educate people but to sell the game ofcourse.

[@enlightened3945]

After getting out of the rat race, I got divorced 3 times without marrying a single time. 😢

[@radiumescape]

plastic surgery REALLY messed this woman up

[@joeshmoe9978]

She must be like 64(?)

[@radiumescape]

@@joeshmoe9978 she is 72

[@whoarie]

Kim. Marry me

[@spiffinz]

Her eyes are like.... too far apart and it is unsettling

[@trench01]

i had assets and then they became liability. when calling professionals to help they just took money and did nothing or made it worse. the main factor to win the game is... LUCK.

[@radiumescape]

EEEWWWWWWW the eyebrow zombie is back!!!!! Give me Robert or don't waste my time

[@YouAndImpact]

Great video.👍🏻