The Secret Formula to Financial Freedom - Kim Kiyosaki (Millennial Money)

7 Levels of investors free ebook: bit.ly/2KMA4I7
Making money through cash flow versus capital gains
How do you currently make money? By going to your job every day and collecting a biweekly paycheck in exchange for your work? Most people make money this way because it's what they are taught to do by their parents or teachers. Also, it feels like a safe and secure path because it’s the traditional route.
Well, what if I told you that there’s another way? Another path in life that doesn’t require you to trade time for money? A path that allows you to follow your passion, achieve financial freedom, and reach your life goals? Now I’ve piqued your interest, right?
This path is precisely how the rich make their money - and it’s not from an hourly wage or salary. Instead, they make their money from their investments. In fact, the best way to make money is as an investor - but the question I’m often asked is: How do you make that money? If your monthly income as an investor does not come from a job, then where does it come from?
Making Your Money Work for You
If there’s one thing the rich do differently than the poor, it’s that they put their money to work instead of working for their money. What does that mean? Their money isn’t just sitting around in a savings account, accruing little-to-no interest, waiting for a rainy day. Their money is being invested - and delivering a return!
Different investments produce different results. The question is, what results do you want?
There are two primary outcomes an investor invests for: cash flow and capital gains
The Advantage of Cash Flow versus Capital Gains Investing
The best thing about cash flow is that it’s money flowing into your pocket on a continual basis - whether you're working or not. You could be on the golf course, jet-setting around the world, watching Netflix in your jammies, or building a business, and your money is busy working for you. And generally, cash-flow investing is based on fundamentals that aren't as susceptible to market swings like capital-gains investments, which means that even in bad times, money still flows into your pockets.
Additionally, cash flow is what is known as passive income, which is the lowest taxed type of income. This is not always the case with capital gains taxes, which vary depending on the type of asset you've invested in and how long you've owned that asset. In some cases, taxes can be very high.
If you’re ready to start enjoying the lifestyle advantages of cash flow, don’t miss my recent blog on getting started with real estate: bit.ly/2X8JmzM
#kimkiyosaki #richwoman #millennialmoney
www.richdad.com/
Facebook: @RobertKiyosaki
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Twitter: @TheRealKiyosaki
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Instagram: @TheRealKiyosaki
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[@TheRichDadChannel]

How do you currently make money?

[@Johnnyluvschu]

Got an online business that's still in startup monetization phase, I placed my stocks in REITS for dividend cash flow, and I'm playing with bitcoin. I also bought some silver coins for insurance in the case of the dollar dying. My plan is to flip REITS to 3x inverse etfs of s&p indexes when the crash comes then move cash-flow to my first real estate property.

[@reesecup9122]

I trade the foreign exchange market daily and make my cash flow that way. I am also building an online business called A&S Millennial Vision. We currently have an online course called "The Naked Edge of FX Trading" to teach others how to trade forex and mange their accounts. best advice ever! Thanks again.

[@shanenolan85]

Currently stock dividends for the past few years, BUT I plan to close my brokerage, roll over my 401k to a self-directed IRA and invest it in rental properties or a franchise.

[@Batinya]

Day trading equity stock small caps with momentum via catalyst for 1 hour and 30 minutes in the morning and making $35,000 a day then investing all those R.O.I into multi family real estate united to create Passive incomes cash flow that pays for my Roll Royce and other liabilities

[@oneloveaustin99]

I print it 👀

[@arnaudmartin6671]

"Nobody will take care of your money better than you will" This is so simple, so powerful but so overlooked

[@ceecee8757]

Arnaud Martin Well, first, you have to get educated on how to manage it.

[@vmfan96]

Kim is great. There is a reason Robert calls her his better half.

[@jonnes__4657]

That means in reverse he ist her worse half ;-) .

[@Tehutii55]

THANK YOU, THANK YOU so much for this video! I plan to share it with my young relatives.

[@SaraFJones]

The notion that we are all self made is powerful, good or bad! Love it!

[@davecummings7477]

Great video for new investors and younger folks to understand the game. Thank you.

[@davionsterling8784]

great episode I really love Kim Kiyosaki personality. The episodes are getting more and more specific. Rule one is always invested in cash flow. Rule two is to learn vocabulary associated with each investment vehicle. Rule three does not invest in something you do not fully understand. Rule 4 does not let anyone manage your finances blindly. I am so happy I am taking my financial education seriously.

[@kidacrimson1204]

Wise words here! There is a TED talk on taking "mini retirements" - really good!

[@TaylorBoggis33]

A thank you for opening up my eyes as much as you have I started following you a long time ago and it helped a lot

[@erichkraetz2622]

nice video, very educative

[@gjeewadeii]

This series is AWESOME!! Love the honesty from all individuals involved !! Keep up the great work!!

[@marvindahl7871]

You and your husband are amazing. Great teachers thanks for giving all of this free knowledge!

[@arod907]

I've been watching these videos the last few months and I must admit, I learn something new all the time.

[@NathanLam]

Kim is always good value and very down to earth! Thanks for putting this video out! great reminders :)

[@michaelsamifua7666]

Awesome advice, keep up the good work.

[@farus_channel]

Thanks for the advice!

[@TruckingWithTay]

I love this video so much knowledge in one video!! Robert and Kim are great inspirations

[@lorigribben427]

Thank you for the knowledge. Many blessings to you.

[@ebonytoilesechandler7679]

I Tolly agree.....

[@7Earthsky]

I've learned more from kim and Robert in a few short videos over in the last few weeks than in my whole schooling years.

[@freddietan3156]

Totally agree!! Financial education is give us freedom 👍

[@veniseelledge-west518]

Kim’s explanation is clear and concise. Very easy to follower her! Love Robert but now Kim, you won me over! I need to listen to you more often and will!

[@checkforme234]

am taking my financial education and am so happy about it, thanks so much Kim

[@bocadelcieloplaya3852]

Thanks Kim. I checked and my employer's 401k doesn't let me just by an index fund to avoid high fees and allow me more control over my investment. Keep these Truth-bombs coming.

[@gborowme]

Thank you, finally I am learning about money.

[@ginamarie5575]

Great talk. I was the same . Fired or I quit. I hate being told what to do . So now I’m a boss . Make my own hrs cleaning . I love it !! Find what makes you happy and do it . Ignore the haters !

[@kamronk8637]

@@chuckycheeser she is hopefully her own boss at the least :P

[@syed6370]

Thanks for this video, more useful than most 👍🏼 How do you invest in a stock to get dividends ?

[@sparouhuru7204]

You guys are awesome. Thank you for sharing such valuable info so openly and generously

[@stephanylopez1529]

Omg!! Love how you are starting to use Spanish in your videos!!!! Can't get enough of you guys!!! Hoping to hear more knowledge from Kim ;D. May God keep on blessing you guys to continue spreading financial education. ... Real financial education :). Best wishes all the way from Austin TX

[@lotuspotus1692]

Golden piece of advise....Don't trust your money with someone else...Capital gains and positive cash flow...plain and simple....👍👍

[@otisthomas4171]

I love this advice

[@Stevieab]

Simple and makes so much sense. 👌🏾

[@cryptoshepard9642]

Great videos, thank you!

[@stevewambach3753]

That was a great 23 minutes. Kim was great at explaining the golden rules of investing. I've followed that concept for many years. It was nice to be reminded again. I'm going to pass this on to my daughter and granddaughters.

[@latinsantos6162]

Good advice thank you so much😀😀😀 I live in Hawaii and they just pass the law on vacation rentals

[@DanielleSamoneJohnson77]

I love how wise, considerate, humane, and clear Kim's advice is. Thanks for sharing the information!

[@nadineahlers2164]

Alex, thank you for making a difference by hosting this, and thank you Kim for giving clarity. We've all been bombarded by different advice, and we don't always know what to follow. Therefore, I'm ao grateful for this. This is gold, thank you!

[@kathyluciana8667]

Kim is amazing is an amazing teacher, facilitator she explains simple and easy to understand step by step Thank you

[@JyotsnaKandiK]

Thank you Kim for sharing your knowledge!

[@francini5671]

Great advice!

[@chhengtysim]

Alex, I'm so impressed with what you're doing. I'm very inspired by your videos, keep on doing and posting. Thanks,

[@Btrutaltruth]

Absolutely!! Freedome not to be told what to do or how to live your life!!

[@mikeh66]

Great hearing Kim in an one on one interview.

[@lpdleoni3850]

Great advice. All about getting educated. Any videos and tips how to buy stocks?

[@2tang90]

Video Saved ✅ I’ve been working on educating myself through books 📚 Robert and Kim, and will be looking into seminars and courses. Thank you for having this channel!

[@davidgerstel6079]

Kim, I greatly appreciate your presentations. They are concise, clear, and valid. You seem genuinely interested in helping people and there is no note of condescension in your voice. for people who choose another path. Frankly, I think your commentaries are far better than those of your husband or anyone I have seen as a guest on his shows. I thought that was a terrific presentation. I, too, have a passion for freedom and became financially free at an early age by adhering to values and strategies nearly identical to those you are teaching. I would like to offer a few other thoughts to your listeners and students: Understand this: Being financially independent does not mean absolute freedom. As you know, one must pay attention to their investments because they can go south with surprising speed if you ignored. In other words, being financially free is a job -- even though it can be a job you enjoy and one which allows you to structure your own days and weeks rather than having to do what someone else tells you to do hour by hour. And by the way, if you make a mistake in your real estate management job and get a bad tenant or try to squeeze your tenants too hard so that they organize against you, the job can get miserable in a hurry. My own preference, very different from the one you and Robert apparently embrace, is to keep my investments very simple so that they require very little of my time. Therefore, I have a few other rules that you do not make use of: 1) Live simply even when you do not have to so that the distance between your cash needs and income is huge and you are never close to danger of not having enough and also because having a lot of stuff interferes with freedom as it demands attention 2) Have no debt. Debt is shackles. I don't want to owe anyone anything (except to my wife, to whom I owe almost everything). 3) invest in specific vehicles that require very little attention such as index funds that generate dividend and capital gain streams and high quality real estate that attracts so many potential tenants that you can choose first rate people from among them, especially if you rent at a bit below market value (a strategy of Charlie Munger, Warren's partner, as well as myself). 4) Don't worry about fluctuations in market value. Both my realestate and stock/bond market holdings loss face value during down markets. Millions of dollars of face value can disappear rapidly, as happened to countless investors including Kim and Robert and myself during the 2008 beginning of the Great Recession and the early weeks of the corona virus. Shrug it off. You are not a smaller person because your "net worth" suddenly declined from, say, $30 million to $15 million. Take the crises as opportunities to add to your holdings by scooping up bargains and increase the distance between your cash flows and your needs. Understand, being free is not the same thing as being extravagantly and unnecessarily rich. One of the satisfactions of having more than you need and being financially free is that you can use your time and money to help others -- like Kim does with her excellent presentations. Over and out. ---- David Gerstel (DavidGerstel.com in case anyone wants to critique or reply to or my commentary).

[@gynoval]

Thank you!!

[@keysersoze4098]

Such a pleasure to watch this video. So enriching ! Thank you

[@little25angels]

You guys don’t understand how much information you guys gave!! I’ve just solidified my plan for real estate thank you so much thank you

[@TheRichDadChannel]

That's awesome, glad you got what you needed!

[@silviac4408]

@Angelito Hidalgo did you take their real estate workshop?

[@dcshewrn]

Women need to be financially independent apart from their spouses/partners! I love that Kim referenced this. Your spouse could drop dead tomorrow, or walk out. This is the wisdom I needed for some inner battles I've been facing. Thank you!

[@kidacrimson1204]

I would hope that both partners have life insurance, especially the primary bread-winner.

[@alony2]

Kim Kiyosaki thanks , you explain very good , and simple to understand .

[@maurreese]

Fantastic video!!! Thank y'all!!!

[@bryonmccane5775]

Thank you so much 🙏

[@youmayberight2434]

Great info. Thank you.

[@transformation2479]

PREACH ladies!! Love the empowerment you project!

[@AlejandroPrieto]

Love these videos. Thanks you rich family and Alexandra :) .

[@newhyeserart6226]

very respect to Kim kiyosaki and Robord kiyosaki, thanks for this wonderful program.

[@MateaAccount]

That is so true and everything what you two shared in this video about financial freedom relates to my goals: become independent financially, without government, without a spouse or partner, without any company. Just free financially from anyone. Be careful and avoid sellers gurus and scams out there.

[@CK51515]

A very simple yet powerful watch!! Robert is a bit to cryptic when he talks

[@brittneyyoung1882]

Omg thank you so much!

[@roxy6507]

I have read the book and loved it so much 💗 all women need to read Rich Women.

[@tracyabernathy4591]

I have a copy its good.

[@isianacarrcoleman]

Omg she switched from English to Spanish , from Spanish to english so gracefully

[@7Earthsky]

Kims advice about learning the vocabulary is key....I have a science degree and i quickly realised most of the understanding i got was simply through learning the key words used in a scientific topic...I assure you learning about money is no different.

[@cibelitastory5848]

Thank you!

[@devoryburns2407]

I had no clue she was an author! I just purchased Rich Dad Poor Dad. I will definitely be reading her book next! That is awesome, you two are the ultimate power couple! 🤗

[@FreedomForce100]

Isn't it amazing to love a couple like Kim and Robert as true friends without having met them in person? They are good people. Well done Alejandra!

[@fmagalhaes1521]

Hey Rich Dad channel.. Many thanks for the video. It helped lift my motivation today.

[@JIANYM36]

Kim do your own video, your very interesting, especially your tone and voice of words. Content is 100%

[@CHLee-yw5wr]

Helpful video. Thank you.

[@anyatrietsch8017]

Hi, great video! Can you tell me what real estate course you are doing?

[@Rafaellasvegas]

Cash flow.. Wow. That interests me so much. I thought about buying a Duplex or home and doing exactly what Mrs Kiyosaki did. Put down payment, Collect rent, Pay mortgage. But now this got me to think about how I can save the cash for that down payment. Working my 9-5 could work but would take ages. I was thinking maybe getting some sort of loan? I need to find help with this, since I'm not too sure what to do or how.

[@realjessicarose]

Great content. Thanks Kim!

[@girlfallenfromthemoon1897]

"I didnt like to be told what to do. I wanted freedom." - Exactly like me - I immediately thought whether she is Aquarius like me as well and OH HELL YEAH - Of course she is an Aquarius lady:) ! I looked it up online.:) Amazing Aquarius lady who gained what she wanted.:)

[@mussaibrahim1034]

wow I played the Cashflow game. It's pretty hard but i'll keep going on it.

[@hv2569]

I started renting 1 room, 2 rooms 3 rooms now I have 5 rooms!. First I used capital gains then I built cash flow. next year i will add 2 more rooms. I will see. Gracias Kim. years ago I started after reading Rich Dad and so on. Also I am doing with gold coins. Greetings from Bolivia.

[@andresstovall7300]

Good advice kim

[@minakshibandpate6937]

Thank you for this valuable and real information.

[@wiseowl4676]

i like you when you talking more in conversation.

[@gigglesmcdounut723]

I'm going to have to watch this video a few time because there is sooooo much information in it! Great job! Thank you for sharing your knowledge Kim!

[@user-wu2bo8nl8u]

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[@user-wu2bo8nl8u]

1 3 1 5 5 6 3 1 0 8 8

[@jhinp0t]

I hate being told what to do..ughh same here 🤝👏🖤

[@karolinagrygiel178]

Thank you ladies, that was great

[@genesisrivera5370]

Really awesome to see Kim in a video!

[@talktimewitheddiej]

Great information, I'm not a millennial but I'm loving the knowledge.

[@InOrlando]

The advice on not investing in something you don’t understand is important! Internalizing that will not only protect you from bad deals, but more importantly from scams!

[@Becomingrich69999]

Great video, thank you so much !

[@clarenemiller3210]

WOW I REALLY ENJOYED THIS VIDEO. WATCHED IT AT LEAST 3 TIMES AND TOOK NOTES EACH TIME. I WILL BE REFERRING BACK TO THIS VIDEO ON A REGULAR BASIS. THANK YOU LADIES.

[@TheRichDadChannel]

Repetition is KEY!

[@alombrehasappeared6502]

ME TOO.

[@mrt9781]

Wow ! All caps .

[@annia474]

I am starting over, your videos mean a lot to me, even if I live in Belgium, thank you,

[@annia474]

I work as a nurse aid, and I also work as a guide for the blind

[@Clarinda787]

This is wonderful! Kim, I did not know you have written a book for us females. Now I'm off to find the book and read it. I almost forgot, we met in Dallas many years ago.

[@SP-uj4cd]

thank you for this informative video

[@wyonamagee8693]

So glad to find these videos speaking to the millennials I am sending them to my to Millennial grandchildren. I am a successful real estate investor and I don't know how to teach them to do it so I hope they learn from these videos and get serious about it.

[@palomarAI]

Super-formative content, thank you :)

[@kitetsu7534]

Wow I am learning so much from you guys. This stuff should be teached in schools. Thank you very much for giving us the chance to learn all that FOR FREE!

[@aicolorz]

This is excellent!

[@kevinblanchard1328]

Alexandra's wisdom is far beyond her age

[@acemorris9364]

Great video !!! 😁

[@vijiyanttanaji9800]

Initially I couldn't understand these rich dad videos , but now as I sticked with it it's making a lot of sense to me specially these milinial money videos. Thankyou Rich Dad Team

[@jeremiahcastro9700]

Lol Robert and Kim literally give away the answer to financial freedom for free! Their online game Cash Flow has changed my attitude about money forever!

[@sandrahernandez-gh2iq]

"You are so fired" epic i love it

[@MakeMoneyWorldWide]

Kim is awesome, I learned a lot from her.

[@dannymartinez8004]

13:41 to get to the formula. It's the cashflow formula. Cashflow is how much passive income you get from assets. You can learn about this in rich dad, poor dad book. Find out your monthly living expenses amount. For example your bills, your rent, etc. Say its 3,000 altogether. Gain enough assets that accumulate this amount. They used apartments to gain cashflow and wouldn't have to worry about paying their bills because of this. Once you can do that you can gain extra money and you can use that to invest in more assets. If this sounds complicated sign up on rich dad's website and play cashflow game online. It really helps you understand this if you play it enough times

[@lynxx8292]

Alexandra que buen ingles que tienes debes de tener el proficiency, que envidia seguro que has debido de esforzarte muchísimo ! Y por cierto gracias por los consejos me ha parecido un video muy interesante 😊😊

[@theejimmyv]

Love Millennial money. Great information and great content!

[@BreuckelensFinest]

Okay I will love Millennial money because you said to love it!

[@levedia]

This only applies in the states. Very hard to find good deals in real estate nowdays in CANADA. Its too expensive.