The Secrets to Becoming a Millionaire with Real Estate - Robert Kiyosaki, Ken McElroy

In this episode of the Rich Dad Radio Show, Robert Kiyosaki, alongside real estate mogul Ken McElroy, dives deep into the world of real estate investment, offering unparalleled insights that could potentially alter your financial future. With over 25 years of friendship and millions in earnings together, Robert and Ken share their journey to becoming titans in the real estate sector, all while paying minimal taxes.
They share personal investment stories including their successful partnership in real estate that has earned them millions with minimal tax expenses. They discuss the keys to finding good deals, the mistakes new investors make, and the potential of raising capital without relying on one's money. They highlight the concept that the best deals are never advertised and caution against jumping into investments without proper knowledge.
Why Watch?
If you've ever dreamt of emulating the success of real estate tycoons or wondered about the true assets that can fill your pockets, this episode is your treasure map. Unravel the mysteries behind bubbles in real estate, stocks, and bonds, and discover why the aftermath of a market crash might be your golden opportunity. Delve into the significance of property management, the art of leveraging debt, and why your house might not be the asset you think it is.
00:00 Introduction: The real estate bubble and current economic outlook
03:00 The misconceptions about assets and liabilities
07:00 Property management: The key to real estate success
17:00 The essence of real estate investment and the journey of Ken McElroy
25:00 The significance of raising capital and finding deals
www.richdad.com/
Facebook: @RobertKiyosaki
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Twitter: @TheRealKiyosaki
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Instagram: @TheRealKiyosaki
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Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.
The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.

[@wwrafting]

Thank you for your helpful tips re: property management ...

[@The-Salam-music]

Hello My beloved Father Robert Kiyosaki thanks to you and your book entitled rich father poor father I went from a poor person very very in debt to a successful entrepreneur from Africa more precisely Guinea Conakry Thanks to you now I know the real difference between assets and liabilities I invest all my money in assets when it comes to the framework of cash fow I moved from left to right I am in the B and I In our neighborhood I talk about you all the time and of your videos as well as your books I have 7 friends who also became rich when I recommended them to follow you finally I thank you very much thank you very much

[@andreriendeau8413]

Hi Robert I think you should do more video about housing and starting in it like the good old days 👌

[@andonibrun6977]

Thanks Robert. Your lessons are invaluable

[@DanXRP]

Great video Mr.kiyosaki is a great time to buy while our economy is collapsing.

[@AMERICANDREAMER2045]

Anybody got any infos about the event in Texas on August 28? Please

[@Tarzan796]

Watching from Bakersfield California

[@silverltc2729]

Brian Head Welch is from there. He was the lead singer of the band Korn. He is now a born again Christian.

[@johnobalah8617]

Interesting discourse Rich dad poor dad..getting debt tough in Kenya...interest rates on bank debt is extremely high.Return on investment by investing in Real Estate may not service debt.sales are low,takes long sale a property..Interesting ideas from Robert Kiyosaki but may not work everywhere

[@lukasgisler]

YOu can buy Real Estate in the US, being a citizen of a foreign country. USA is full of opportunity. You just have to put the effort in to find them.

[@appkappk53]

How?​@@lukasgisler

[@lukasgisler]

@@appkappk53 with a partner who is a us citizen, and an LLC, to protect you, with which you can take on US loans.

[@michaelcarydakis790]

the tax in melbourne Australia due to gov dept tax up makes it impossible to make money

[@marquinalberty]

Great show

[@darlabutler7596]

In ODAHO

[@nas_wigo3020]

Hey from France

[@subauli492]

Hello from Papua New Guinea.

[@leon.1917]

I love your another method from one of your books to make toilet papers😂 it’s so effective and I’m amazed by it! Thank you Robert! 🎉 you changed my life forever ♾️

[@Danimal810]

Looking healthy Robert keep doing what your doing!

[@user-mf7jv5tl1p]

I need money to flip a house with cash What is the best way to access capital for that now

[@lisapurplehayes]

11:08 who are they talking about??

[@CV-nn7jj]

Grant Cardone

[@DancesWithGod]

Watching from New Castle, Pennsylvania. How do I find a good property manager. I'm not impressed with what I see here.

[@roynewcamp1988]

I’m from Pittsburgh, PA let’s connect

[@user-uz1jz6jr7h]

How do I pull money out of my RV park when I am in an owner finance on it?

[@jeffreyrichardson]

gassed up ford fusion jody annes first communion rained on royce union

[@burakakinci9580]

Hi from Turkey :)

[@PreciousMetalPirates-vq8me]

Was this released again?

[@BLSDENT]

right?

[@harounothman2623]

Hey, from Yemen

[@silverltc2729]

My heart hurts about what is happening to your nation. I have it on good authority that this proxy war is about destruction of your historical artefacts. Saudi doesn't want the world to know Yemen has an older Kaaba. The technocratic elites dont want the world to know about the Saana manuscript. They want us all poor. But they want you rich enough to give them money when you do Hajj and pay your Zakat.

[@The-Salam-music]

Bonjour Mon Père bien-aimé Robert Kiyosaki grâce à vous et votre livre intitulé père riche père pauvre je suis passé d'un pauvre très très endetté à un entrepreneur prospère depuis l'Afrique plus précisément Guinée Conakry Grâce à vous maintenant je connais la vrai différence entre l'actif et passif j'investis tout mon argent dans les actif quand il s'agit du cadrent du cash fow je suis passé de gauche à droite je suis dan le B et I Dans notre quartier je parle tout le temps de vous et de vos vidéos ainsi que vos livresJ'ai 7 amis qui ont aussi devenu riches lorsque je les ai recommandé de vous suivre pour finir je vous remercie infiniment merci beaucoup

[@onlychess842]

Here's what I have to know: Can I just buy a property, and expect to be able to generate income via rent? Can't I just pay off the 30 year loan with the rentor's money and pocket a bit of that and not worry about it anymore so long as it all goes well (Taking all the necessities of property running into account of course) I literally just buy all 100 of the properties in other words, and let the rentors pay for them.

[@Sev.a]

In Australia nothing is CF positive tbh when the avg appartment is 900k to 1.2M houses are more lile 2M unless you live on the outskirts of Sydney. So what is you advice?

[@stevefairley2535]

As someone from Melbourne, you are wrong. My 2 in traralgon is pos. And the one on the Gold coast is purposely negative for tax reasons 😉

[@Sev.a]

@stevefairley2535 positively cash can be used to leverage more debt and expand negative gearing is beneficial only from a narrow

[@artham_finance]

I'm the next tycoon

[@josefavela1654]

I've always asked myself, why make money if you are gonna reinvest it right away. Robert is so afraid of paying taxes that as soon as he makes money he reinvests it. When can he spend it? And if he does, I assume the money spent was taxed at one point. What am I missing? 🤔

[@lancealderman2755]

Depreciation

[@ragnew7411]

That's right don't tell us nothing, buy the book.thats what you're making your money

[@geraldkaba5500]

Robert u keep saying real estate is coming down can u explain what u mean

[@kingshomes8546]

He can’t cause he is speaking a bunch of malarkey 😂😂

[@livinthedream4479]

Prices are coming down but not much and will soon go up again

[@Rachelle833]

Thank you for the content!! All we need is the right advice on how to invest in crypto and we will be set for life, I made over a million dollars from trading this year regardless of the market conditions😊

[@kellykay191]

I've been investing in Bitcoin by myself. I'm not really happy with what's going on, just few weeks ago I lost about $7,000 in a particular trade. Can you help me out or at least advise me on what to do?

[@Rachelle833]

I will advise you stop trading on your own if you keep losing. And i don't trade on my own anymore, I always required help and assistance

[@Rachelle833]

from my personal financial advisor

[@StuObrian]

YES!!! That's exactly her name (BRISA RICHARDSON ) so many people have recommended highly about her and am just starting with her from Brisbane Australia🇦🇺

[@Abril9095]

I have heard a lot of wonderful things about Brisa Richardson on the news but didn't believe it until now. I'm definitely trying her out

[@dimitrinast4393]

Hey Robert, have been following you for some time now, read RDPD book. On a separate note-> Why have you agreed to be interviewed by Sharan (Finance with Sharan) in India? That video was so awkward to watch...that guy obviously didn't know enough to have a good quality dialog with you. It was painful to watch.

[@michaelcarydakis790]

like bitcoin spruiked

[@syedphoolhassan8449]

From Pakistan ❤

[@williammalone4189]

I have been a blue collar worker my entire life. I am 48 and I retired early to invest in Real Estate. Sad to say but I make more money than all my friends. How do I find investors when all my friends make less than I do?

[@richarddonald-gc9rb]

I and my wife own single home family rentals. we have $200,000 left on mortgages. We are now the possibility of maintaining $70,000 annual income by selling and investing in stocks and bonds. How does this work out?

[@DebbiePage-rm7cf]

Real estate is a solid investment but demands effort and lacks liquidity compared to stocks and bonds. Long-term market trends should guide decisions.

[@RyanBen-zc7bi]

Sell and invest option is viable, but crucial to consult a trustworthy cfp for income projections aligned with your goals...

[@RyanBen-zc7bi]

or consult monicamarystrigle, thats my f/a over 3 1/2 years...

[@RyanBen-zc7bi]

strategy is booming. browse you'd see lady first thing.

[@dakota5440]

I think people should really stop taking financial advice from a guy who built his empire on debt and is now buried in it.

[@ceduction7635]

what if money is debt? 😶‍🌫️

[@dakota5440]

@@ceduction7635 oh for sure it is. The whole fiat system is a Ponzi scheme, especially when all the western world does for the most part is consume and assemble globally sourced parts and put a sticker that says “made in USA”. However it’s much more sound financial advise to organically generate the funds for an investment than to get it loaned. The debtor is slave to the lender.

[@swapnilakolkar0804]

Sorry just forgot to unfollow you. I think you are faking guy, I just read your debth news on newspaper worried saving myself from this fake social media

[@livinthedream4479]

Who responds on a channel you want to unfollow? Bye. I think YOU must be fake.

[@BlueWaterSTAX]

Learn English first

[@paolobarisiello2136]

If you say that means you have not understood his strategy 😂