Partner With The Government To Pay Zero Taxes - Robert Kiyosaki, Tom Wheelwright, and Ken McElroy

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The Rich Dad Channel

The Rich Dad Channel

Күн бұрын

Robert Kiyosaki says, “Taxes are your largest single expense.” The average person in a developed country spends 25-35 percent of their life working to pay taxes. That means more than two hours of every workday are dedicated to feeding your government. Today’s guests discuss how instead of working to pay taxes, you can invest to pay zero taxes-legally!
Tom Wheelwright, Rich Dad Advisor on taxes says, “The real purpose of the tax law in your country is to provide incentives to business owners and investors. The law would be three pages long if it were not for that. Instead, it has thousands of pages to give these incentives to business owners and investors.”
Ken McElroy, Rich Dad Advisor on real estate says, “When we look at real estate, we are looking at it from a long-term, cash-flowing, pay-less-tax-strategy regardless of what’s happening in the market.”
Hosts Robert and Kim Kiyosaki, and guests Tom Wheelwright and Ken McElroy discuss the exact formula they use for investing in real estate and how they pay zero in taxes.
#robertkiyosaki #kimkiyosaki #financialeducaiton
www.richdad.com/
Facebook: @RobertKiyosaki
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Пікірлер: 1 300
@amandanylens778
@amandanylens778 2 жыл бұрын
Hello please how does this bitcoin and crypto thing works...I’m really interested, how do I go about investing
@sabrinlabeebah8235
@sabrinlabeebah8235 2 жыл бұрын
Frank Woodman
@sabrinlabeebah8235
@sabrinlabeebah8235 2 жыл бұрын
My first investment with Woodman's trading services gave me profit of over $24,050 and ever since then he has never failed to deliver and I can even say he's the most sincere broker and trainer I have known
@lalitnagarajan8469
@lalitnagarajan8469 2 жыл бұрын
*Tradefrantly*
@lalitnagarajan8469
@lalitnagarajan8469 2 жыл бұрын
Fantastic trader i must say he is the best.
@lalitnagarajan8469
@lalitnagarajan8469 2 жыл бұрын
*``telegräm``*
@CryptoWTK
@CryptoWTK 3 жыл бұрын
To the person who’s reading this, you will grow your Business one day don’t give up !❤️
@wizeminds799
@wizeminds799 3 жыл бұрын
I will never
@modernvintagelifestyles
@modernvintagelifestyles 3 жыл бұрын
You sound like a fortune cookie.
@aria4280
@aria4280 3 жыл бұрын
Good presentation, wish you left the politics out of your conversation 😒.... diminished the message to widest audience 😑
@Дмитрий-н1ч6д
@Дмитрий-н1ч6д 3 жыл бұрын
thank you bro
@toddcapota5910
@toddcapota5910 3 жыл бұрын
33 years old and watching these videos the last 6 months is the most and best financial education I've ever received. It truly is a shame how poor our schooling is. We were taught nothing about finance/taxes.
@MOHIMEDIALLC
@MOHIMEDIALLC 2 жыл бұрын
I used to have the same thought, and then I remembered how poorly taught most schools are except for in affluent areas. I wouldn't expect school teachers (lets be honest, simple college graduates) to be able to effectively teach personal finance. And actually, for at least the last 5 years the affluent public schools in my area have been teaching personal finance.
@1ChristopherCampbell
@1ChristopherCampbell 2 жыл бұрын
School systems? If this knowledge was commonplace then it wouldn't useful. So you're saying the school system should manufacture real estate tycoons out of children? Who would be the tenants of those properties if it wasn't the dummies being printed out of the system.
@namishbaranwal3522
@namishbaranwal3522 2 жыл бұрын
@@1ChristopherCampbell Knowledge being commonplace isn't sufficient for students to be able to use it. Think of it - all of us are taught physics, but how many actually become physicists? So the thing is - it SHOULD be taught, so that those who want to take advantage of it have at least a starting point.
@smartmom7758
@smartmom7758 2 жыл бұрын
I agree I am 36.. I wish I knew this info when I invested in my first property 10 years ago. I wish I could see the big picture right from beginning..
@sandralujan1199
@sandralujan1199 2 жыл бұрын
@@1ChristopherCampbell I would say if the school system taught us from the beginning about finances, communication, ethics, taxes. We could grow to learn about economics and money management eventually. We basically go to school to make friends and have free child care. Then get thrown into the real world not even understanding how to fill out a W4 for our first job then don’t understand the taxes part when we go home and try to manage that paycheck. At least thats how I see it. Now as an adult these principles would make more sense.
@moe3005
@moe3005 2 жыл бұрын
Robert it LITERALLY the only man on KZbin that actually breaks down how to do real estate and WHY to buy and why to keep buying. Everyone else just says buy, and pull, and buy more, but nobody explains why. Thank you so much guys
@tama-a-tumatauengahiku3647
@tama-a-tumatauengahiku3647 2 жыл бұрын
Hes experienced a lot more than most entrepreneurs other than Warren
@henryssebaggala9939
@henryssebaggala9939 3 жыл бұрын
Robert Kiyosaki, the best teacher ever in real estate on planet earth.
@sunitakhandelwal4242
@sunitakhandelwal4242 3 жыл бұрын
He is the best mentor in finance
@kushalreddy1805
@kushalreddy1805 3 жыл бұрын
He tells the only 4 quadrants all the time. Nothing more new, every video is the same
@ld4hunna
@ld4hunna 2 жыл бұрын
@@kushalreddy1805 that’s how simple it is, but you are shook to take that risk
@kushalreddy1805
@kushalreddy1805 2 жыл бұрын
@@ld4hunna Did you take the risk?? If yes great for you, if no do not give advices
@ld4hunna
@ld4hunna 2 жыл бұрын
@@kushalreddy1805 I have been doing so since I read the Rich Dad series
@RyanJones-rg4ly
@RyanJones-rg4ly Ай бұрын
Hey Robert my Uncle was over there with you. I’m glad to know you wrote that book and are thriving. I’ve met many vets over my life. When I was younger I met the hardships of the returning when I was young and met a group of guys like you later on. D Troop . Harold Beach out of BooneNC. Salute to you sir!!!
@lisadonald258
@lisadonald258 3 жыл бұрын
It's not the *ABC's* you learn in school- it's the *CBA's* *(Conceive - Believe - Achieve )* Have lived by this concept
@ardrearnaanthony-chung2192
@ardrearnaanthony-chung2192 3 жыл бұрын
Wow, free advice ❤ people sell courses for thousands. Appreciate Robert
@amberrose1910
@amberrose1910 3 жыл бұрын
Yes 100% right !
@ledzep59210
@ledzep59210 3 жыл бұрын
Thanks for watching'„ endeavor to write as soon as possible for more enlightening tips ~•W~•H~•A~•T~•S~•A~•P~•P •+1•2•28•3•323•7• 55
@rickonethousand6304
@rickonethousand6304 2 жыл бұрын
YT pays him.
@FTWarr
@FTWarr 3 жыл бұрын
I've listened to hours of Robert & Kim in the last year or two but it didn't click until this video of how the money they make off the property is tax free. I had the cash flow figured out but the tax part didn't come because I know you have to claim income from rental property. Thank you all for teaching!
@earthling01
@earthling01 3 жыл бұрын
This really puts things into perspective. As a small business owner doing contacting, this tax hike almost disincentiveizes, so I need to ask myself; How can I do what I enjoy and pay less taxes and establish wealth I can pass onto my family.
@ericamalast9896
@ericamalast9896 2 жыл бұрын
Invest in real estate. Go large apts. Not small houses.
@snoo333
@snoo333 3 жыл бұрын
i really enjoy Kim being in these conversations because she kind of plays the role of a small first time investor. Where Robert has been doing this for so long, he is just speaking from the I quadrant all the time. man, i have learn so much just in one video.
@sophia.shetty
@sophia.shetty 2 жыл бұрын
Kim has 6500 real estate properties..not a first time
@JohnQPublic345
@JohnQPublic345 3 жыл бұрын
The best lessons are other peoples stories. Thanks ken, and Robert
@JohnQPublic345
@JohnQPublic345 3 жыл бұрын
By the way, i bought and read "the ABC's..." . I definitely recommend it
@sandrakaras9693
@sandrakaras9693 3 жыл бұрын
I’ve listened to many out there and let me say, not everyone can teach. Robert, I appreciate how you repeat and highlight complex processes. Thank you
@XKhlodi
@XKhlodi 3 жыл бұрын
He is stupid... How about the way to pay your debt when there are no rentals or forced to reduce your rentals? ... How about crashes?... How can you pay your installments?? ...
@brandon_gentile
@brandon_gentile 3 жыл бұрын
Don’t need to move countries when you invest in real estate. Thanks for always providing so much to think about Kiyosakis. Much love!
@ledzep59210
@ledzep59210 3 жыл бұрын
Thanks for watching'„ endeavor to write as soon as possible for more enlightening tips ~•W~•H~•A~•T~•S~•A~•P~•P •+1•2•28•3•323•7• 55......
@alexandernelson477
@alexandernelson477 2 жыл бұрын
Yeah but in America I'm just another guy. In Colombia on the other hand. I'm Brad fucking Pitt 😂😂
@yarzarthingyan2415
@yarzarthingyan2415 Жыл бұрын
We are paying taxes for protection , services , and more. Besides ,we need to contribute which ever way we can to the place we live.
@HealingSoundsOfNature369
@HealingSoundsOfNature369 3 жыл бұрын
Hi Robert, thank you for sharing your wisdoms with the community. Just one (simple I guess) question: If you reinvest, reinvest and so on...when and how do you take profits without paying taxes? Thanks
@baopham516
@baopham516 2 жыл бұрын
Collect rental income and write off depreciation of property
@toyko7200
@toyko7200 3 жыл бұрын
The stock market was at all time highs before hyperinflation occurred. That is our playbook for what is happening now to United States.
@user-zl5gn5lg6
@user-zl5gn5lg6 3 жыл бұрын
the relationship between bonds, stocks, debt, the fed and money printing. Algorithmic trading is all the wave now. Without it I'm not sure what my fate would have been in the market other than accumulating losses. But having bagged $340k in raw profits from just the last 2 quarters, using the help of a professional is the future of all kinds of investing.
@clariiSclariiS
@clariiSclariiS 3 жыл бұрын
Don’t quit your job too soon guys. Start RE as 2 thing till you dominate. Play safe 💸💸💸💸
@pinkbeautytwinkle
@pinkbeautytwinkle 3 жыл бұрын
But what about debt to equity ratios? Lenders won't let you borrow if your ratio is too high.
@mnotlyon
@mnotlyon 3 жыл бұрын
Here's what I don't understand; What's the exit strategy? I understand depreciation and BRRR and growing with debt, but I don't wanna do this forever. How does one slowly cash out during retirement without getting hosed on taxes?
@辜愛
@辜愛 3 жыл бұрын
same question
@TurboShred13
@TurboShred13 3 жыл бұрын
Roth IRA or develop the understanding that you never sell. You always acquire good assets and never sell. You borrow against what you have to get more. Learn to balance your budget and avoid liabilities.
@mnotlyon
@mnotlyon 3 жыл бұрын
@@TurboShred13 Interestingly, I did manage to put most of my real estate into a ROTH. However, Biden is trying to destroy that. :(
@xiloeteknowledgiesllc1973
@xiloeteknowledgiesllc1973 3 жыл бұрын
10:44 good point... Dave Ramsey's audience is primarily consumed by bad debt so his advice is good for them... Rich dad's audience is interested in learning about different forms of good debt so his advice is good for them...
@Kwameking1
@Kwameking1 3 жыл бұрын
What an Education we are getting.Thank you all and Blessings!
@ledzep59210
@ledzep59210 3 жыл бұрын
Thanks for watching'„ endeavor to write as soon as possible for more enlightening tips ~•W~•H~•A~•T~•S~•A~•P~•P •+1•2•28•3•323•7• 55....
@donskeptics6274
@donskeptics6274 3 жыл бұрын
I am filipino residing in abu dhabi since watch and read your books i have a feeling i know better than those who are graduated wiith business degree in university.. thank you Robert K
@iAnastasiaRex
@iAnastasiaRex 3 жыл бұрын
*†①②①⑧②⑧⑧③⑨⑥①__∗*....
@iAnastasiaRex
@iAnastasiaRex 3 жыл бұрын
*Whats=App the above N⁰...*
@kylegushue
@kylegushue 3 жыл бұрын
Where does the money they use to buy food, clothing ect come from? Is it taxable income taken from cash flow or do they use borrowed money for that?
@ledzep59210
@ledzep59210 3 жыл бұрын
Thanks for watching'„ endeavor to write as soon as possible for more enlightening tips ~•W~•H~•A~•T~•S~•A~•P~•P •+1•2•28•3•323•7• 55
@bruceleetree755
@bruceleetree755 2 жыл бұрын
23:40 - 26:00 is all I needed. Thanks.
@MsMyrevolution
@MsMyrevolution 3 жыл бұрын
Much gratitude for stumbling across this channel! Definitely love the end that encourages starting small, and how they all started basically from where I am now. I know I’m going to do this and I’m excited to have you all as mentors and hope to meet you one day!
@mpgisbtsarmybaefighting2838
@mpgisbtsarmybaefighting2838 2 жыл бұрын
Second that!
@evaristourbaez9906
@evaristourbaez9906 2 жыл бұрын
3rd and 4th this 🙌🏽🙏🏽
@vera7299
@vera7299 2 жыл бұрын
Let me see if I got this right... So if I buy let say 3 properties and my cash flow pays of my debt. In order to not pay taxes I can either A) buy another property which will put me in debt or B) sell a property I already own but look for another property to buy that will put me back in debt
@DarrellColemanShamrock7504
@DarrellColemanShamrock7504 2 жыл бұрын
So what happens when you buy, Rehab, Refinance to pull your money back out, and hold the funds? That's something that people need to hear. That's an important reason for why you have buy more and more property that some wont understand. But this is absolutely great information as always. So love it.
@raddadization
@raddadization 2 жыл бұрын
you get bent over and taxed.
@languagegod
@languagegod 2 жыл бұрын
The most importante factor of this channel is the ammount of information you can get out of it. No matter your age, your money status or your style of life; it's kinda tailor-made for everyone, depending on our requirements. Finally the goal is for money to work for us. For now, I am trying to work on the multiple wealth streams, beginning with my work and my youtube channel also.
@plymouth1670
@plymouth1670 3 жыл бұрын
Always on fire Mrs. and Mr. Kiyosaki 🔥🔥🔥
@john.johnb_online1438
@john.johnb_online1438 Жыл бұрын
Taxes isn’t Patriot! We “the people “ have been High Jacked. I first listened to Robert in 2005. A friend gave me a CD with Robert speaking. I’m just now getting it. Thank you ScamDemic. That has awakened Me to dig deep down the rabbit hole. Robert’s CD now makes sense to Me what He was speaking about.
@anthonyc8600
@anthonyc8600 3 жыл бұрын
Mr. Kiyosaki, you are my Rich Dad. Thank You for your knowledge Team.
@mistyespinosa1231
@mistyespinosa1231 3 жыл бұрын
I am still confused..I have been listening to your podcasts and youtubes and I just finished your book but I still don't understand how debt is good and buying with no money. How can I find absolute beginner information for someone who was ready to start yesterday!!!
@JasonWorley321
@JasonWorley321 3 жыл бұрын
How about investing in multifamily 288-units in Dallas, Texas? Just closed 208-units. Was able to because of you Robert and Tom! Thank you.
@ledzep59210
@ledzep59210 3 жыл бұрын
T.h.a.n.k.s f.o.r w.a.t.c.h.i.n.g. ㊨s.e.n.d y.o.u.r.i.n.p.u.t . ~W~~H~.~A~.~T~~S~.~A~.~P~.P~ ㊨+1......- 2.....- 2....8....- 3....- 3...- 2.....- 3....7-....5.....- 5..
@Alessandro1983
@Alessandro1983 Жыл бұрын
Thanks Roberto. I've read 3 of your books 1. Rich Dad Poor Dad 2. Rich Dad Poor Dad: The four Quadrants. 3. Rich Dads Increasing your Financial IQ I'm forever a student of your teachings. Kim is awesome too 😊
@suzanibrahim7083
@suzanibrahim7083 2 жыл бұрын
Mrs Grace is legit and her method works like magic I keep on earning every single week with her new strategy.
@suzanibrahim7083
@suzanibrahim7083 2 жыл бұрын
I receive my profit every 5 day's thanks so much.
@yakubumuhammad1409
@yakubumuhammad1409 2 жыл бұрын
Wow I'm just shock someone mentioned expert Mrs Grace I thought I'm the only one trading with her, She helped me recover what I lost trying to trade my self.
@abubakarharunakucheri7185
@abubakarharunakucheri7185 2 жыл бұрын
My first investment with Mrs Grace gave me profit of over $24,000 US dollars and ever since then she has never failed to deliver and I can even say she's the most sincere broker I have known.
@abubakarharunakucheri7185
@abubakarharunakucheri7185 2 жыл бұрын
Thanks for introducing me to Mrs Grace.
@hafsathabu2108
@hafsathabu2108 2 жыл бұрын
Yes I'm also a living testimony of expert Mrs Grace.
@glenbegin9152
@glenbegin9152 3 жыл бұрын
I really wish i could understand this better? I don't have the taxe code or financial education and were do you find the investors in it anyways?
@sabrinawanderer7560
@sabrinawanderer7560 3 жыл бұрын
God bless Kenny and Tom more...in a world full of deceitful people, you are the luckiest when you meet an honest and genuine person like Kenny and Tom..may all who are reading this be blessed to find an honest and trustworthy partner in whatever endeavor they do in life..😇😇😇😇😇
@masumkhan4040
@masumkhan4040 2 жыл бұрын
Well in where I’m from in Bangladesh, unfortunately nothing from mr. Roberts advice applies. Coz there is real estate taxes here and it’s huge. Plus debt is EXPENSIVE here around 8-14%. Deposits clock in around 5-7%. Any suggestions for us?
@sarthaksharma4739
@sarthaksharma4739 3 жыл бұрын
I have just started to understand the financial world, I'm just out of my high school, and came across rich dad poor dad a few weeks ago, the concepts are really what had me reading the book. From childhood I had always wondered that yes, rich are getting richer, which means it's possible, and I've found some answers in this book... And now I've started to see the world from a financial point of view.. I'd love, if anyone can help me with this doubt I've had right from the starting of this book, and in this show as well... Robert and Ken said that they invests the money into real estate, and it becomes debt... What exactly is that? Down payment of 1 mil and 9 mil of loan right? And the property will generate you some cashflow, and the amount of EMI is deducted from income tax. But what about paying the 9 mil back? You've gotta do it at some point?? Similarly, towards the end of program, Robert said buying a property on an Island, worth 18k, for 1.8k down, with credit card, for $25 monthly income, and somehow this is infinite return. I understand that yes, credit card can be used in that way, but you still got to pay back that 1.8k, if not, credit card penalties are highest right? So what good does a 25 dollar income does? I'd love for anyone to share their point of view on this... Thank you
@Amar_Lal_Singh
@Amar_Lal_Singh 2 жыл бұрын
Following
@taylorrico496
@taylorrico496 2 жыл бұрын
I think its because the monthy amount generated is whats left after the bills are paid each month. So all the people in the building are paying their rent which is then used to cover the cost of the building, overhead and the profit you make. Am I on the right track or no
@cuarajhyrojayju4397
@cuarajhyrojayju4397 2 жыл бұрын
With rent money you pay bill and make $25 on top of that
@seaglass6771
@seaglass6771 2 жыл бұрын
Essentially your tenants pay back your debt for you.
@speedmanifesting
@speedmanifesting 10 ай бұрын
Hi, part of formula at tax return time - accounting "Depreciation" of property value is used to reduce taxes on property over time too. Good luck, so great to stsrt early at this!
@victortavarez11
@victortavarez11 2 жыл бұрын
So if you reinvest all of your money, how do you have money for personal things? Using credit cards? What goes into your pocket?
@neilmatthews3590
@neilmatthews3590 3 жыл бұрын
I finally understand what “monetizing debt” really means! I’ve heard that term thrown around so much by financial experts. I guess I had to hear it 101 times to finally get it! Your simple explanation of what it actually means finally clicked. Thanks.
@Al-yf7tm
@Al-yf7tm 3 жыл бұрын
@The Rich Dad Channel SCAMMERS
@michaelearing1497
@michaelearing1497 2 жыл бұрын
Does this apply also to uk tax laws or just USA?
@SherifaNakalema
@SherifaNakalema 3 жыл бұрын
Such an educational channel! Thank you Robert and Kim. You inspire all of us!
@terrywoodfine8848
@terrywoodfine8848 2 жыл бұрын
So basically should we all just be going to be bank, getting in debt and searching for a low priced property to invest in? Do not spend time saving money to do this? People's feedback would be much appreciated. Thanks.
@yemxgrunt7327
@yemxgrunt7327 3 жыл бұрын
Looks like I'm 2nd. Semper Fi Mr. Kiyosaki. 1/9Marines veteran. Not Vietnam but 2006-2010.
@waynesmith3919
@waynesmith3919 3 жыл бұрын
AbhAn... 96 to2k. Bravo Zulu shipmate.
@DiscerningCorpse
@DiscerningCorpse 3 жыл бұрын
Crayons for all u Jar heads lol
3 жыл бұрын
What are the four parts in this program? can you help me Thanks
@JLW667
@JLW667 3 жыл бұрын
24:30 High Earning Employees 23:55 21:46 25:17 48:04 Using Debt 0:39 5:03 Types of Real Estate 11:09 17:52 IRS wants us to invest in housing 18:11 18:29 Infinite Return 35:43 Tax Free 3:02 Brands 6:58 S Quadrant Real Estate investor 6:13 Get A Team 7:59 23:10 Real Estate Partner 15:32 Tax Savings 17:20 Depreciation every county 29:50 Toxic Debt 37:24 Tax Law 20:50 17:01 45:57 Infinite Return 10:45 Dave Ramsey 48:08 Save in Gold and Silver (with your money) 48:32 LOL 45:37 Kim's First Deal
@TheSuperduke08
@TheSuperduke08 2 жыл бұрын
Zero taxes, but don't you have to pay interest on the loan? and you have to pay back the loan
@ejh_x2
@ejh_x2 3 жыл бұрын
Robert you did it again! Way to end the video on your first deal. Really had me engaged, I felt like i could feel what you felt. Thank you 🙏🏽
@manuellubian5709
@manuellubian5709 2 жыл бұрын
I know this video is old. You mention this is a, "4-parter episode". So, I was wondering if you could either post the other 3 videos in the description boxes, OR post the links as part of a reply back to me. Thank You.
@muradavad3614
@muradavad3614 3 жыл бұрын
Wow wow wow - Robert & Kim : Every time I learn something new from both of you! Many many thanks!
@gracejonesboxcut4990
@gracejonesboxcut4990 Жыл бұрын
This is the best political conversation I've heard in a long time
@anthonyandrews7858
@anthonyandrews7858 3 жыл бұрын
depreciation is magic
@Leo-pc2pt
@Leo-pc2pt 3 жыл бұрын
I have 6 rental properties, I bought them with bank loans and equity. I now want to start moving up and get a team to do the management how do i do this?
@williamrett8422
@williamrett8422 3 жыл бұрын
My head is spinning... in a good way. Thank you for teaching those who want to be in B and I!
@ledzep59210
@ledzep59210 3 жыл бұрын
T.h.a.n.k.s f.o.r w.a.t.c.h.i.n.g. ㊨s.e.n.d y.o.u.r.i.n.p.u.t . ~W~~H~.~A~.~T~~S~.~A~.~P~.P~ ㊨+1......- 2.....- 2....8....- 3....- 3...- 2.....- 3....7-....5.....- 5..
@CeeMeeCHANGE
@CeeMeeCHANGE 3 жыл бұрын
I have a question. If you’re constantly putting your money into real estate so you get Tax Free, what do you live off of, ensuring you don’t have to pay any taxes
@XAmericanRenegadeX
@XAmericanRenegadeX 2 жыл бұрын
I have been researching the topic of real estate investing for several years now and to be honest, I don't think I'll ever "feel ready" to begin. It feels like looking down a deep well, pinching my nose and taking the first step of a wild a$$ ride. But I know that I'm brave enough, motivated enough, determined enough, a hard enough worker and maybe even crazy enough to be a full blown Capitalist. It all seems like a ton of freakin' fun and a hell of a lot of work! I plan to start seriously looking for my first rental in January or February. Any advice?
@thompsign
@thompsign 2 жыл бұрын
Any update?
@RobWilliams007
@RobWilliams007 2 жыл бұрын
Robert and Kim and Kenny, I have a question and maybe you can do a show on this: you talk about having to roll your money into the next project. I get that. But what money do you live on? How do you buy cars and food and I know some of you own your personal residences and some don’t, like Barbara Corcoran talks about not owning your personal residence and I think Grant Cardone says the same - can you explain how all this works, please? We just bought our second rental and want to buy more or maybe put money into syndications because we don’t have all the knowledge yet but I want to invest now. I guess that’s another question; do you get these same tax benefits when you put money into a syndication deal?
@smoothdemon2
@smoothdemon2 3 жыл бұрын
So basically unless you are already rich and own 100+ unit apartment complex, you are screwed
@adalgizaarango7973
@adalgizaarango7973 2 жыл бұрын
Kim you are great. Love your gentleness and wisdom. God bless you
@samuelblunt9833
@samuelblunt9833 2 жыл бұрын
The Market has been pretty bad lately. Almost everyone have been crying Practically, but It kept dipping. That's what you get when you feel you can navigate the process on your own. Big thank to Ryan Willer. I'm not bothered with how bad the Market is because my assests are insured due to her advice and I still receive my profits
@samuelblunt9833
@samuelblunt9833 2 жыл бұрын
Te le gr am.. @ryanwiller
@luckyjeffs9971
@luckyjeffs9971 2 жыл бұрын
Trading seemed a bit too clouded to me with all those figures going around plus my busy schedule, an hour in a day was just all I needed, now my investment earns for me even more than the time I dedicate at work. Ryan Willer cuts it for me.
@rebekitaann4958
@rebekitaann4958 2 жыл бұрын
i was able to change me car 2 months after constant trading with Ryan signal all i can do is talk about his good work and say thank you God bless you and your family....
@nickclinton9837
@nickclinton9837 2 жыл бұрын
i have been trading with some people they’re good but Ryan is absolutely brilliant and accurate no jokes & that’s on God
@kennedylucas4833
@kennedylucas4833 2 жыл бұрын
He's definitely one of the best crypto experts you can rely on and his signals are mostly 95% accurate, efficient, and easy to execute in your da!ly trades.
@foodhead4677
@foodhead4677 3 жыл бұрын
Not tax free in NY, 3% tax for cash out refi here
@jabac4596
@jabac4596 3 жыл бұрын
This was very informative and made total sense. I do have one question though, when does the cycle stop? When do you actually use that money as supposed to keep reinvesting into new properties?
@jessicamassingill2312
@jessicamassingill2312 3 жыл бұрын
I am wondering the SAME thing. Isn't reinvesting the money just prolonging the inevitable? I thought that they had to all pay taxes at the end whenever they sold their properties.
@ericlatour849
@ericlatour849 2 жыл бұрын
1031 Exchange. If you reinvest in a like asset it's not a taxable event. Than you get to start depreciation on that asset (if it's real estate for 27 years). You eventually have to pay taxes if you don't reinvest the money after a sale.
@cuarajhyrojayju4397
@cuarajhyrojayju4397 2 жыл бұрын
You make money on rental income when you sales use 1031 exchange
@mikek545
@mikek545 Жыл бұрын
You don’t use the money, if you do you are liable for taxes.
@karcharias811
@karcharias811 3 жыл бұрын
05:40 I was a banker and this is NOT how banking works. No one's deposits are used when you get a loan from a bank. The bank uses deposits as "base money" on which they create money to lend. Yes, you read that correctly. The banks CREATE money when they lend, their deposits are the base upon which they inflate. Your borrowing at interest something the bank created out of thin air.
@mcuadra6466
@mcuadra6466 3 жыл бұрын
This was gold.... LOVE IT!!!!!! Thanks to everyone on this episode for all of this education.
@ledzep59210
@ledzep59210 3 жыл бұрын
Thanks for watching'„ endeavor to write as soon as possible for more enlightening tips ~•W~•H~•A~•T~•S~•A~•P~•P •+1•2•28•3•323•7• 55
@marcalangdon8006
@marcalangdon8006 2 жыл бұрын
Lots of information. I’m overwhelmed and don’t even know where to begin if I wanted to start this kind of a program. Any advice?
@nezratownsend3374
@nezratownsend3374 3 жыл бұрын
It's great when Kim is in these videos. She is relatable and breaks things down in a way a newbie can understand. As a woman I appreciate her understanding investing from a woman's perspective. Does anyone know if she has her own podcast?
@duffkc
@duffkc 2 жыл бұрын
My question is, how do you borrow equity without paying taxes or fees?
@Money_J_KC
@Money_J_KC 3 жыл бұрын
Feel like they constantly give you good advice but don't explain well enough why\how it works. Like they don't go in depth enough on how you don't pay taxes on real estate, etc
@realdata8624
@realdata8624 3 жыл бұрын
agreed! You take on debt and if there is a bad year, do you default if there is no option. Debt is good, but only when it offsets taxes and is manageable. what if tenants stop paying? case in point
@ledzep59210
@ledzep59210 3 жыл бұрын
Thanks for watching'„ endeavor to write as soon as possible for more enlightening tips ~•W~•H~•A~•T~•S~•A~•P~•P •+1•2•28•3•323•7• 55......
@Zero2Mars
@Zero2Mars 3 жыл бұрын
All the talk about team, what does the team consist of? And do you start a property management company that you use when you purchase property? How does this work exactly?
@arthurbegin669
@arthurbegin669 3 жыл бұрын
Listening to your channel has changed my life and although my girlfriend and I are still working full time, that may change soon to handle our properties. We are on our way thanks to you.
@mrwhywhy3931
@mrwhywhy3931 3 жыл бұрын
Thanksforyour feedbackForguidances on cryptocurrency ✓ W•h•a•t•s•A•p•p >+1>
@DejaVu-iy8hh
@DejaVu-iy8hh 2 жыл бұрын
I just bought those 3 books of Kenny’s on Audible so I can listen to them while I work.
@Eddybaby01
@Eddybaby01 3 жыл бұрын
That’s great to hear that Robert kicks it with Dave Ramsey
@Godislove225
@Godislove225 2 жыл бұрын
I have a question on another video. where can buy the silver coins that are reliable
@vanieyang956
@vanieyang956 3 жыл бұрын
Thank you for educating us!!!! I am always learning from you!!!!
@therichdadchannel2717
@therichdadchannel2717 3 жыл бұрын
Thank you Vanie
@ledzep59210
@ledzep59210 3 жыл бұрын
T.h.a.n.k.s f.o.r w.a.t.c.h.i.n.g. ㊨s.e.n.d y.o.u.r.i.n.p.u.t . ~W~~H~.~A~.~T~~S~.~A~.~P~.P~ ㊨+1......- 2.....- 2....8....- 3....- 3...- 2.....- 3....7-....5.....- 5..
@shangoshots
@shangoshots 2 жыл бұрын
I agree with the tax code, but why is Robert worried at his age and no children. He acts like he POOR DAD
@dagmaraczuba5876
@dagmaraczuba5876 3 жыл бұрын
Thank You so much for all this extremely valuable information! 💕 And for your time ! I appreciate Kim & Robert so much ! Thank you again! Sending lots of Love 💕
@ritualbotanico6292
@ritualbotanico6292 6 ай бұрын
Isn't there a depreciation limit for a property? If so, what happens when you reach that limit? When you need to sell a property, does the sale price minus the value of the depreciated property count as profit, and therefore do you have to pay taxes on this profit?
@buildingconnections6090
@buildingconnections6090 3 жыл бұрын
So informative 👏 I just need to act on it! I'm chipping away at it! Thank you for all your support & guidance 🙏
@ledzep59210
@ledzep59210 3 жыл бұрын
Thanks for watching'„ endeavor to write as soon as possible for more enlightening tips ~•W~•H~•A~•T~•S~•A~•P~•P •+1•2•28•3•323•7• 55....
@AamirEhsan
@AamirEhsan 6 ай бұрын
What about the property tax which is only applied to real estate and not stocks? Doesn’t that make stocks more attractive?
@PedroRaposo91
@PedroRaposo91 3 жыл бұрын
I love these guys! Thank you!
@blueorangey
@blueorangey 3 жыл бұрын
Concordo!
@MeZzZzZzZzZzZzZzZzZ
@MeZzZzZzZzZzZzZzZzZ Жыл бұрын
So is it wise to invest in these companies like the airliners and exon that are onboard with supporting carbon footprints?
@LastEmpireOfMusic
@LastEmpireOfMusic 3 жыл бұрын
yeah but any real estate rental income is also income taxed. so its not like "THE one and only best choice"
@topflightlawncarelandscape316
@topflightlawncarelandscape316 3 жыл бұрын
It is actually taxed but your incentives make it practically tax free
@andrewhayward9539
@andrewhayward9539 2 жыл бұрын
So what I don't understand is that they take the money and re-invest it but how do they live if they don't keep some, what they keep is that not taxed?
@SuperSolshy
@SuperSolshy 2 жыл бұрын
They pay themselves a pay check from their business as a sole entity. Therefore it is not taxable, it is only taxable if it is declared capital by the business.
@deanbusby5972
@deanbusby5972 3 жыл бұрын
Thank you for your Radio show! Every time I listen to you and your team it builds confidence with in me that I can become financially free ❤️
@ledzep59210
@ledzep59210 3 жыл бұрын
Thanks for watching'„ endeavor to write as soon as possible for more enlightening tips ~•W~•H~•A~•T~•S~•A~•P~•P •+1•2•28•3•323•7• 55
@fredkerzic2568
@fredkerzic2568 2 жыл бұрын
Do you do consultations?
@sandirep1288
@sandirep1288 3 жыл бұрын
I cannot seem to get enough of everyone’s content. Thanks y’all for sharing your knowledge with us.
@sc00bi23
@sc00bi23 2 жыл бұрын
So why isn’t trucking categorized with the “I”(eye) ? because if trucking stops the economy stops
@Vic_RE_Investor
@Vic_RE_Investor 3 жыл бұрын
This information is PURE GOLD. Thank you!! 👏🏼👏🏼
@ronc166
@ronc166 2 жыл бұрын
Love the show. Great show. I’m always learning.
@dkodesh
@dkodesh 3 жыл бұрын
Yessir. Knowledge is power!
@kingjahk1
@kingjahk1 2 жыл бұрын
Sounds like hands-on with a vision to me! Nothing substantial grows without work. The work begins mentally. This video inspires! Kudos!
@grupa2119
@grupa2119 3 жыл бұрын
This is so helpful. I am buying my first flat I'd like to make a business of. I have a corporate job, which allowed me to gather some capital and also pay the mortgage, so I can say, I am doing this both for my own money and other people's money. I'd prefer to do this for cash, but this would take me another thirty years to gather, and my money would be eaten by the inflation. This way I convert my salary into something physical, and since there's huge demand for flats for rent it is absolutely possible that it will finance itself. Even though, I live in Poland, the rules you are discussing are universal. Actually, PLN exchange rate is even fixed to USD
@viiiimo4900
@viiiimo4900 2 жыл бұрын
1.4 Billion people in india and bollywood is a multi million doller industry but it's a shame that there are no directors or writers with some new interesting scripts. Remake after remake.
@brianvaughan4336
@brianvaughan4336 3 жыл бұрын
With a solid business plan in place and utilizing the strategies discussed in this incredible video I am going to make a boatload of money. Grateful for Ken and Robert.
@ambitiousdeen5525
@ambitiousdeen5525 3 жыл бұрын
Thanks for the feedback.....for more information *+1/7./8./.6../4./..3./..2./..3.../4../3../1* W •H•A•T•S•A•P•P.••••M•E 🔅 🔅 🔅 🔅 🔅 🔅
@raqueltrinchet9347
@raqueltrinchet9347 2 жыл бұрын
So only the professional gets the big tax breaks. How does this help the normal investor. It's heart breaking. Great video! I will get the books at 60 It's very tough.
@MahasSaham79
@MahasSaham79 3 жыл бұрын
Is there a link for the other videos to the 4 part series...or are those yet to come? Im looking on the channel but don't see them- Ty for your insight! Priceless🤗
@therichdadchannel9795
@therichdadchannel9795 3 жыл бұрын
Appreciate your review, do you experience difficulty in trading? Inbox Kathleen Anne Grace
@therichdadchannel9795
@therichdadchannel9795 3 жыл бұрын
‪+‬ 1 7 3 2 5 2 7 4 8 6 5
@MahasSaham79
@MahasSaham79 3 жыл бұрын
@@therichdadchannel9795 man, you scammers show up quick, on every channel.
@laroybell3313
@laroybell3313 Жыл бұрын
How can I watch the next 3 ciders in this series?
@johnhundt5179
@johnhundt5179 3 жыл бұрын
I've said this before I wish I had this knowledge when I was 20 years old, been buying silver for a few months now and going to wait until the market crashes and then going to buy my first rental property. Thank you for putting out the great content, all of you have opened my eyes on silver, gold and real estate.
@ledzep59210
@ledzep59210 3 жыл бұрын
Thanks for watching'„ endeavor to write as soon as possible for more enlightening tips ~•W~•H~•A~•T~•S~•A~•P~•P •+1•2•28•3•323•7• 55
@joycemwangi9452
@joycemwangi9452 3 жыл бұрын
Where do you buy the silver
@TurboShred13
@TurboShred13 3 жыл бұрын
Bitcoin and Ethereum will continue to outperform these markets.
@herkcc6238
@herkcc6238 2 жыл бұрын
I want one day to have that same smile when I talk about my debt. Thank you for investing your time and providing these lessons of true Value…
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