I changed my life when my cousin told me about Robert. (April 21, 2017). Worked at a manufacturing warehouse for 6 years, climbed the corporate ladder, making 70K a year, broke a** h**, mentally stressed every day, hated my job and the list goes on. This year I quit my job, got a new high paying job (120k), am currently investing in financial, investing and real estate education. Have full control of my financials and living a better life then ever. No longer live paycheck the paycheck. Although my income is earned income "JOB", I now have financial control! I have listened to all of your books. Going to listen to them all over again and apply them every day going forward. One step at a time. Robert, you have changed my life! You are my rich dad! Thanks for sharing your stories!
Thank you very much! you are the best robert! im 28 years old income 25k gross a year,living in brooklyn,i have 14 years paying rent and working minimum wage,because i did not know what i wanted,i did not had a mentor,i bought your book,the first book i have read,and now i bought your books and james rockards books,also think and grow rich,the warran buffet way book,you opened my eyes robert,now im looking for a better job,breking my mind to do my own business,is just fantastic what you have taught me,i still can't believe how i feel,thank you!
Went to a classroom for fiance and business and all it thought me that school is bullshit and makes you a money slave " make money work and spend your money wisely" not how to invest real estate
Fortunately, I had a college economics teacher that taught me a lesson at 18. That lesson was: for every huge, frivoluos purchase you make, you need to have an investment double it's worth, this doesn't necessarily mean you should always invest when you make a purchase, it simply means living within your means. Varied sources of income is wise and especially like i said, living within your means. Whenever you're about to make a huge, dumb purchase that doesn't add value think about taxes and how you get your income. I made $272k combined net last year and paid no Federal taxes.
Right there with you. I'm retiring early, no debt. Kids are taken care of. Building my dream home on 11 acres, looking over the river valley. there are loads of ways to make a killing right now, but such high-volume near impeccable trades can only be carried out by real-time experts.
@@donaldlocher2537 Inflation is over 10% here in the UK, but as we know it's definitely way more than the Government would like to admit. My plan is to earn more passive income and ride this out, can your Investment-adviser assist?
@serenewhopperman2924 Sure, the Investment advisor that guides me is “James Fletcher Brennan” and he's renowned and has quite a following. So it shouldn't be a hassle finding him. Just look him up.
@@donaldlocher2537 There are a lot of strategies to make tongue-wetting profit especially in this down market, but such sophisticated trades can only be carried out by proper market experts...
@@donaldlocher2537 he really seems to know his stuff. I found his website, read through his resume, educational background, qualifications and it was really impressive. he is a fiduciary who will act in my best interest. So, I booked a session with him
I wish they taught investing at school level. There is so much advantage to doing this! My biggest regret is that I started so late. And still not good at it, I think at this point i need help
I wish I could have retired in my 50's. I'm 65 now, I started investing late . After some research, I found a strategy that helped. I'm pleased to say I'm retiring with at least $2 million.
@@Helen-fv9xp luck plays a part, especially in the short term. I noticed that when results remain consistent, it indicates something more than just luck. research was the challenge until It led to Julie Ann Lerch, a fund manager. her strategy made sense, it contributed to growing 950k into this and counting
@@Helen-fv9xp luck plays a part, especially in the short term. I noticed that when results remain consistent, it indicates something more than just luck. research was the challenge until It led to Julie Ann Lerch, a fund manager. her strategy made sense, it contributed to growing 950k into this and counting
@@Helen-fv9xp I usually avoid making specific recommendations because everyone's situation is unique. However, my experience with Julie Ann Lerch has been quite positive. You might find it worthwhile to see if her approach fits your needs
@@GabreilSteve It’s worth noting that luck often plays the significant role in some cases, sometimes even more than the resources involved. Without it, its challenging
@@LordHollow so he basically advocates preying on the poor people who don't have the financial skills...it is interesting as a concept to follow when these very same people will start shooting the richer ones on the streets
@@simo7393 I think he is saying that the information on how to do this is available but we all know that not everyone will do it. It's like smoking. Every knows its harmful but some still smoke. They even know it causes cancer before the try it but still, they do it.
Thank Robert, Im currently reading your book rich dad poor dad, and I really appreciate what I’m learning, I just wished I learned this much earlier on in my teens at least, I’m currently 34, married and currently unemployed because of a layoff … I’m currently watching all your videos and working on to buy all your books… I don’t want to work for anyone but instead work for my family instead, God willing I can meet you someday… thank you again Master Robert
Hey how's everything going I'm currently unemployed as well but I'm looking and I have a side business I am building some of my family is like I don't know how your not freaking out right now. I've gotten out of debt b4 and I can do it again. ❤
You can tell yourself that, and maybe it will be true for you, years from now, but I think the implication of this video is that the safer bet is to rent out your children today, so that they become an asset in your life.
A house is a liability when you living in it, and a house is an asset when you are using it to make money like renting it out for cash flow in - Thank you Mr Robert for sharing this important knowledge
Deymon spend hours each day to ensure that something of value is released into the world that has impact on those with an interest and desire to be a part of this platform.
this is fascinating, I'm a business man, I have a good sum of money in my savings account, I want to invest 50%. What's the minimum amount one could start up with?
There are three (3) classes of investors which Mr Sam Deymon manage their investment portfolios, each stages with their different prices and profits as well.
@@phillipjohn2820 As an amateur trader trading under the guidance of pro trader Mr Sam Deymon, who provided me with the knowledge and strategies I required to make profits for the crypto market.
The rich stays rich by spending like the poor and investing without stopping then the poor stays poor by spending like the rich yet not investing like the rich
When it comes to the world of investing, most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance
when you invest with genius woman like Mrs Maureen you don't have any other choice then to keep winning, her Trading strategies are very productive and reliable. I made quite a huge profit last week all thanks to her
yes I'm also a living testimony of expert Mrs Maureen Mrs Maureen has changed my financial status for the best. All thanks to my aunty who introduced her to me
will forever be indebted to you😇 you have changed my whole life i will continue to preach about your name for the world to her you have saved me from a huge financial debt with just little investment thanks so much Mrs Maureen
Please I need help, I lost tons of money on live trade, I thought is the same as demo trade because I was winning in my demo account. This is really frustrating and overwhelming. where do I start please?
Well….. I will advise you should stop trading on your own if you keep losing and start trading with an expert because trading with an expert is the best strategy for newbie.
As a beginner who don't understand how Bitcoin trade really work and really want to make profit from it. I will advise you to first start working with a professional broker
My favorite part in Rich Dad poor dad was when Rob wanted to buy a Porsche and Kim told him to buy a rental property to pay for the Porsche. The point is that you keep the House AND the Porsche. If you straight up buy the Porsche, you don't get the house. A friend of mine recently received an inheritance from her mother, a house that is completely paid off in Arizona worth around $300k. She sold the house and bought a car. What did she do wrong? She could have kept both the house AND the car had she just rented out the house. Now she lost the house and only has the car and she's still broke.
Don't really understand it. Maybe because it is 2024, almost 2025 and you cannot get a house without your own deposit? I am trying to understand what the video is teaching us. Say I want to buy a house, but I am poor. It means I cannot buy a house, because I haven't got a deposit for it (usually 10-15% of the property value). Say I somehow saved £20k (although Robert teaches that we should not save, but let's assume I was dumb and saved money). I pay deposit and get a loan for £180k. Now I need to pay it back to the bank. It's a liability, not asset. I just don't get this - if it's so easy to buy a property, everyone would be a millionaire. Go to bank, borrow money and here you are. This is silly. I don't understand what the advice is here in this video... Without any money I cannot buy any properties, full stop. And even if I did, mortgage is a liability.
TRADING CRYPTOS HAS NOT BEEN GOING WELL WITH ME , I HAVE INVESTED A LOT OF TIMES AND FAILED , I TRADE ON MY OWN BUT EACH TIME I KEEP LOOSING MONEY . I DON'T HAVE GOOD STRATEGIES TOWARDS THE MARKET . PLEASE CAN SOMEONE PUT ME THROUGH ON THE RIGHT PATH..
It's hard to trust someone with money or get a financial advisor who can help you plan, invest, and manage your investments for the best results. Working with Donald Nathan Scott, I realized that good people do exist.
Mexi Short considering i wrote that post a month ago im still learning and educating myself... do you have any positive worth while advice for me? Or did you just want to be a smart ass?
bishop198666 I'm doing the same thing bro, keep buying house and if you can (A pompstation). Learn Forex trading. Do network marketing. Invest in real estate.
4:45 - ... bought my first house... apartment, investment property... "I didnt live in it, I rented it out"... If only I had heard, believed and acted upon those words when I bought my first property. OUCH Ouch, well, I just had to learn the hard way ey!! Now I am a Student, Thanks Mr. Kiyosaki!!
Just being curious, although it is not my business, but I have to wonder ... if you bought your first property and then rented it out, which you did not know to do, thus implying you lived in the first property ... I wonder who it was you would have lived with while renting that "asset", meaning, for whom would you have been a liability while collecting from and maintaining your non personally occupied asset?
You must be ignorant. Money isnt the only passion or game the world is interested in. He might be giving great insights on financial literacy but he is just the same as a priest teaching something that might be a passion of other people (spiritual). Or a professor or educator providing something for the benefit of society. Or maybe somebody passionate about helping sick people. So dont be delusional thinking that the financial game is the highest peak of education everybody should get because it will only create a greedy society.
nope, if such type of financial literacy is taught in the school then the world is gona become even harder than it is today. No one can be rich if everyone is rich, it will just raise the standard of costs. Now people are living their life in the form of a rat race and a new concept of cash flow exploits that. If everyone understands how to utilize cash flow, we will need a new concept to beat it and escape from the norms. So just be glad that u are one of the people that have seen the video, and try to make the most out of it because other people did not have such opportunity .
your videos are helping my children because they said mum im getting a job im gona then try get a mortgage to buy a house I said STOP I showed them your videos bought some books and said learn about cash flow assets etc ..... Robert kiyosaki and his wife Kim are teaching you this and it changed their whole mind set
This video doesn't explain how to turn a liability into an asset. Once you have the liability, then you're stuck with it until you can dispose of it. At best, the video explains that liabilities should be acquired *only* by first acquiring assets to pay for liabilities.
@@santoyo526 The rental income paid for the operating expenses and debt service, with $25 left over for his net cash flow each month. This was decades ago when rents were much lower compared to now. The point of his example is to run the numbers before committing to the deal to be sure that you will have sufficient net income to tolerate recessionary pressure on income and expenses to avoid defaulting on the debt.
Kid...you're wasting your teenage years. Time and moments are more precious than assets and liabilities. Go home and enjoy playing bike cycle and fights with friends only to be friend again next days
@@sonamtshering3570 some what true. He should definitely not skip parties, hanging out with friends, hanging out with girls, or family. But he should also fill his mind with beneficial information that no other 13 yr old is learning.
So happy for you😀 Keep upgrading your financial education since teens of your age aren’t interested in these stuffs rather they are busy flexing unrealistic things 🤷🏼♀️
yeah got scammed by gold diggers that in Romania - only trained at judo - here at least one of those had trained . I innovate - romania airport will ant to be obliged to install - thusadded payment of £1,million as a prepaymant with up-front payment for the kit - then government wants that money back from ................ liability to ass-set
if only i read your 'The Rich Dad Poor Dad' book 10 years ago I would have not been in this rat race now..better late than never , i learned so much from you, hope I can get out of the rat race soon, u r doing a great job, thanks
Many of those homes provide healthcare as well. In house doctors and nurses...etc. Plus physical therapists. Depending on the health issues the parents have (cancer, diabetes, etc.) 18k is very possible if all care is provided at the center.
00:02 Understanding how to turn your house into an asset is crucial for financial literacy 01:57 Understanding cash flow is the key to being rich. 03:40 Your house is not an asset; it's a liability because it takes money from your pocket. 05:36 Buying a taxi car can be an asset due to its cash flow. 07:19 Focus on cash flow when considering assets and liabilities. 09:08 People can be both assets and liabilities. 11:02 Identifying human liabilities and their impact on financial IQ. 12:38 Assessing liabilities is crucial before pursuing passions.
Only in America do kids and older adults become liabilities. I grew up in a family of 10. We moved to the states and were below poverty for a while. Some of us run businesses and all of us have moved out of lower class into middle. The idea that children or parents are liability is sickening. We stick together and the thought of putting someone in a nursing home is non-existent in our culture.
You moved to the state and got something better doing so he's wrong right?. Come back home and join the hustlers who spend over 13 hours on a single work ang get paid like $50 a month, and see if having bigger family is an asset or liability. We easily disregard the import of a simple statement, and makes them feel they know nothing at all. Can you sustain your family for over a year should any of the need serious medical attention. In as much us human being is priceless, keeping larger family is a ticket almost to poverty 😮
That doesn't change the definition of liability, we all accept liabilities for our own reasons. You're assets have to outweigh your liabilities or you'll all be broke and suffering. This is to help contextualize the struggle to overcome it
Such a Gem of a video. I think one thing Robert didn’t make clear is that liability’s are not bad always SO long as you have the cash flow to have them. If you focus on having more assets then liability’s you are off to a great start. Having a kid, taking care of your loved ones is great so long as you have the cash flow to do so. If the house you want to live in is 3 grand Morgage that’s great, so long as you have the assets to provide the cash flow to do it.
Being 25 watching this and hearing that you bought ur first property at that age and started to profit from the earning even if we're just a little. Is beyond motivating to me I'm locked in and truly eager to learn more.
@@longlifelearner2005 you mean group chat about finance? Sure I guess? I just started studying corporate finance, and I started with the book and trying to know all the financial terms to be financially literate.
Hello Robert, I have just started following you and hope I could learn most of what you are providing. Don't know how this knowledge will fit the Indian market and liabilities. But definitely, I would be following you to expand my IT business. So I have learned from this video ---dividing whatever I have into 6 parts and they are: income, expenses, assets, liabilities and CASH FLOW. Thanks for this knowledge.
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Kimberly Ann Doran..
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super
Everyone has been preaching "buy now, stocks are at a discount" but I've been buying stocks at a discount since the beginning of the year and yet the cycle continues with more losses, I know the idea is to hold long term but God I could really give anything to see some growth happen to my portfolio.
Thats true, I've been getting assisted by a coach for almost a year now, I started out with less than $120K and I'm just $19,000 short of half a million in profit.
@Dan Brooks Big Credits to 'Christine Jane Mcleanshe has a web presence, so you can simply search for, there are some others but it might be difficult to get them, but Christine as been a good guide through the year.
Apt and insightful video. Let me add that I moved to a relatively low value housing area because of tax from Farragut, TN, to North Dakota. Reduced my spending and adopted a good dieting. Saved 30% of my income and made a down payment for a house, put a few rooms on rent and the rest of the work was done by my FA. I didn’t achieve it faster because it takes time to perfect, I’ve grown a nest egg of over $450k in almost a year, even as the economy worsens; This can only be achieved by setting goals and of course working with the right FA. A lot may disagree on an FA because of their charges but I always say the work of an FA is so underrated and it’s more than just making sure you make profit. As long as you get your profits based on agreements, an experienced FA who’s been in the market for years will not care about Milking you. Considering how the global economic market has slowed, FAs do a hard-high tasked job to protect and offer financial benefits that a regular investor will not know of. For a year and the half now, I’ve invested with a financial company that invests on pharmaceuticals and cannabis stocks to cover up for the slowed growth of their bonds (pharmaceuticals and cannabis), crypto (yes, crypto!) and sp500 investments.
Sir, my name is Lal Bahadur Singh and I am from India. The knowledge I have gained from your book Rich Dad Poor Dad is very perfect. Sir, today the whole school did not teach this in the college which you tried to learn through the book. done sir
I'm new to this channel, I look forward to learning more to increase earning more. Les Brown, Napoleon Hill, Anthony Robbins, and Jim Rohn are Men I consider mentors.
This is probably the most sense that I've heard a finance teacher make. He's talking about real world problems and it sounds like no matter what you do, you're going to inherit liabilities. It makes me realize how the bible tells us not to weary ourselves with getting wealthy. How money "grows wings" and takes flight and now it's gone. Or how "The love of money is the root of all evil..."-- particularly if you see your blood relative as an "asset" or "liability." It's real talk! And it has a place. I'm not saying that being poor is the way to go either. Nor do I believe that God is against wisely stewarding money. But it's of real note that Mr. Kiyosaki is acknowledging that there are very real challenges that enter into someone's life that can deplete the account-- particularly medical bills. It's increased my respect for him.
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment
Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.
Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $3million in that time frame.
@@RebeccaBellick The adviser I'm in touch with is 'HEATHER ANN CHRISTENSEN, he works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me his strategy works therefore my result. he provides entry and exit point for the securities I focus on.
This is a well detailed and informed video. I'm here to learn how to invest after listening to a guy over the air talk about the importance of investing and how he made $410,000 in 5months from $180,000 startup. Somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas
Having monitored my port_folio performance which has made a jaw dropping $370k from two quarters alone, I've understood why experienced investors make enormous returns from the market
Interesting, I have a lump sum doing absolutely nothing at all in my bank account, I wanna get something started with it. You seem to be doing excellent for yourself. Do you trade on your own?
I'm trading with Expert Mrs Denise Mitchell, a FINRA regulated broker. Met her sometime early last year at a startup funding event. She had some interesting things to say about the state of algorithmic trading today, very obviously, it's reflecting on my portfolio
The question is how to convert your salary into the investment funnel without double taxation. you pay taxes once it's earned, then buy stocks and get taxed again once you sell. Want to invest over 300k on the stock market, how do I achieve this?
Having an investment adv-iser is the best way to go about the stock market right now, I've been in touch with a coach for awhile now mostly and I made over $800K within a year
Pamela Kay Regel deserves credit as one of the finest portfolio managers in the industry. Her reputation precedes her, and I highly recommend looking her up to locate her online if you are internet-savvy
Thank you for sharing, I must say, Pamela appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call
I'm going to break this down real quick and I hope it helps. At 6:23 He clearly gives an example at the age of 25 how he turned a Liabilty into an Asset, so to speak. He used a credit card (LIABILITY) to purchase an apartment (ASSET) and cash flowed at $25 (PASSIVE INCOME). Cash flow=cash earned after paying all expenses. I see multiple benifits out of this scenario. 1) Leveraged his personal credit to obtain debt, a credit card, which means he used other people's money and didnt have to tie up his own cash. Additionally, credit cards are much easier and quicker to obtain versus acquiring a mortgage. 2) Utilization of someone elses money, Credit Card (LIABILITY), to purchase an INCOME DRIVEN ASSET which covered all operating expenses for the apartment, including repayment of the credit card, once the rent was paid by the renter, and left him with $25 that he did not have to get up and actively work for. 3) His FICO score had to go up for paying back on the card, thus opening the door to more opportunity to acquire larger lines in the future. 5) The Apartment (ASSET) acquisition immediately increased his networth (WEALTH) at the same time. 4) Holding of the ASSET long enough, or buying right coming in the gate will allow cash (EQUITY) to be pulled out of the asset either immediately or when it appreciates. 5) Sell the asset when its crazy over valued like in 2008 and now in 2019 and walk away with a HUGE PROFIT, 1031 exchange it and increase your passive income and wealth without paying tax on the gain all while using a credit card 💳 (LIABILITY/DEBT). Rinse and Repeat over time to build a massive rental asset portfolio. Then come back to look at this video and shake your head at all of the people who didn't take advantage of all this opportunist information. Most people will apply for a credit card and use that liability to cover another liabilty. It's all a mindset 🧠. Choose what side of the fence you want to be on simple as that. ✌🏼
I pray whoever reads this should become successful. keep I for success. the rich stay rich by spending like the poor and investing why the poor stay poor and be spending ike... Read more
Amazing and false. Assets put money in your pocket when you transfer them to someone else. Liabilities require that you PAY money in order to not have them anymore. Houses are asssets.
It's cruel but true: Liabilities are children, elderly relatives, girlfriend/wife, broke friends, pets. Legal marriage is the biggest risk for a wealthy man or woman. Robert is just being honest.
It's fine to say this but you're missing something if the "liabilities" actually make your life worth living. Sure you can sit alone and wealthy in your empty house if you want to and congratulate yourself for the financial optimizing you've achieved.
@@julienlenfant9075 don't measure others your scale. Just cuz you like your family or doesnt mean all do. What about guy who was beaten and molested by parents? You like football? Great, I hate it. But for sure family is liability
@@bartz4439 he was just using family as a liability. if you think you’re going to go your whole life without liabilities that you enjoy, good luck. If you don’t, you would literally just be making money to spend it on nothing you enjoy.
Investing is considered a bedrock in making generational wealth. Most people don't know when, where or what to invest in. Fortunately, great investors of the past and present can provide us with guidance and ideas. Meaningful contributions are always welcomed.
@@kendrahamilton8105 Yes, you're right, it's not watching all videos wasting time on strategies, I was ignorant doing so till I met Rheagan Max Deplonty last year at a startup funding event in Washington DC.
I went through a divorce in 2011. I couldn't afford my house anymore. I put a tenant in it that could afford the mortgage. I never understood why others didn't do the same thing instead of getting foreclosed.
Annie Alexander Some people like fighting. I gave up my house which had no $ in it for no alimony. I told her keep your house and assume the mortgage and rent out a room or 2 and I will buy my own house. Look up FHA loans they have all this on the website. The other choice was buy me out of the mortgage which there was no money for or sell the house... It can work out for both if people collaborate.
I came here to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k. Somehow this video has helped shed more light on some things, but I'm confused, I'm a newbie and I'm open to ideas
Congratulations that is a real success story in my opinion. Success because you didnt allow the amount to determine whether or not you would jump in. Good job. See you at the 100k meet and greet.
You're only as good as the decisions you make today with the money you have. This time last year I considered investing without much knowledge and decided to have a consultation with a fiduciary, and it was incredibly insightful. One year and a couple of months in, and I'm almost debt free. I truly cannot stress enough how helpful experts in this field are!
It’s not rocket science. I got into the stock market and started investing in some stocks. Long story short, I blew my account and lost it all with one wrong move. Jonas Herman, a licensed fiduciary is the brain behind my success. I've gotten into a plethora of assets with $10k spread across stocks (options and futures) for the short term and Roth IRA, index funds, and ETFs, for the long term. Now with over 77k in roi, I sit back, and just reinvest at intervals while I focus on my career and family.
I never feel pressured into making hasty decisions with him, and all fees and commissions are clearly explained upfront. This level of trust and integrity is rare in the financial industry, and it is a testament to Jonas’ dedication to me as his client that he always has my best interests at heart.
Since I started investing it has been smooth and no complain. But I still see people complaining that they have been scammed in one way or the other. I wonder why, Investing in binary trading has been so profitable to me. So I think I should introduce my Manager Mr martins l to you if you're interested. He has being a honest manager all through and I am still investing with him till today. Invest with the right manager and there will be no more scam, i promise you that. You can contact him on this (mratinswilliam@gmail.com) you can earn up to $8000 in daily from home through investment in forex and Binary option trade
Money isn't value, it's a promisary note, a representation of value (it says it on the back lol ). Real value comes from a scarcity of resources b... Supply n da land... Lol water toooo now ✅😊🙏
Robert sir was wrong in 1 thing... kids and relations are not Liabilities - They are Assets... bcoz if u love and take care of them in their need(with true love n affection) they will take care of U when u r in need.....(old age, etc)..😊 I feel this. In India we have that love, family and we live together...(especially very southern part of India) So here family is an asset.... I feel this...
Sorry but he isnt wrong for the majority sir..Also some kids still turn out spoiled and entitled no matter how good u are to them and can't wait to put their parents in a home. Their parents may have not felt negative about them bcuz they brought the kids here into the world but the kids didn't "bring their parents here" so to them it maybe a burden to have to take care of them when its time. Glad for your family being that way in lndia .but that doesn't go for everywhere else. Ijs.
@@deniawiseone95 if you don't want any relations and think them as liabilities. why live in this world? what's the purpose of having any asset? why earn money? what would you guys even do without a loved one! :D in this logic - even a husband/wife can become a liability to each other. Is he suggesting to stay lonely? come on. yes financial literacy is important, but one should be human if born as a human in this world. Failing to be human and failing to love is what is causing all the chaos in this world.
Well he mentioned do not buy liabilities but assets. So just getting rid of your liabilities to buy assets is the way. However, some liabilities can be turned into long run assets such as renting out your property
Market is down still, I've been looking up strategies and apparently both bull and bear market condition provides equal avenue to accrue massive gains, and a news article particularly mentioned a 54 year old that made $180k in 5weeks, how do I learn these strategies, my portfolio has been stagnant for months.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Svetlana Sarkisian Chowdhury is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
When you are child your parents see you as liability but still they love you, so when your parents grow old they too are liability but love them back ❤👍
I'M NEW TO BTC AND I'VE BEEN MAKING LOSSES TRYING TO MAKE PROFIT MYSELF IN TRADING...I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET... CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?
In his book Rich Dad Poor Dad. He wrote about his rich Dad that " I m rich because I've you, kids... Poor dad said I m poor because I've you. kids. So it's about your mentality how you see your kids assets or liability. Now I like his rich dad personality but here I disagree with Robert on having a family as liability. Money is good thing but it's not everything. There is a lot of things money can't buy and you all already knew it.
Money isn’t everything yes, but that had nothing to do with his point. He was simply stating what makes money to go out of your pocket versus what makes cash flow in, that’s it.
It is everything . Money control your mentality -mentality control your mind -mind control your steps -steps adn decision control your life. So if y use mathematic standard if a+b=c and c=d + f The equation is a+b=d+f A for steps b for iq = c for money . Money for=life+mentality Than learn to make money also make you to learn about your self. Money is mentality control.
@@xic777 if you couldn't . But if you could? Money control the mindset of physics mental,Controable mindset and itself. When you talk about social capital. Money can be draw as the fifth elements of fire . winds . earth . water. And the fifth/money control about this four archirstic of emotion. Its about anger , love , passion , and patient . It can be drawn as Pro-scorates philosophiant or arsitotelian . It draw how mentality work on you . Worst or not is how you control it . How you see it . And how you respon on it . Worst is relative . Worst if you change your children path from poor to poor , not from poor to rich.
@@novalispentamuse4444 as a parent its your soul purpose to invest in your kids if not whats the point of your existence, you don't need money to invest in your kids, you can teach them a skill, teach them true valuable skills to give them a head start in life, there's no excuse to not invest in your kids, that's a fools mindset. tbh the world doesn't care about elements knowing bullshit magic philosophy will not make your life better, you have only one life, make good use of it for yourself and your future generations.
Thank you Robert for teaching without holding back on what's being said. Definitely things have to be said like they are. Look forward to other educational videos from you. How about some ( real estate)
Your lecture is very good, it opens my mind. I have read half of your book series Rich Dad Poor Dad. It's actually very good and easy to understand. It helps me redefine what Assets, Liabilities and, importantly, Cash Flow are. I bought your game Cashflow. Financial IQ is about controlling your own cash flow!🥰😍😘. i’m from Vietnam :)
Hello Robert and Rich Dad Foundation, I can't thank you enough for the great help you have been offering to people like me (in E and S quadrant currently). I had no idea about investing and was a spendaholic until very recently. But after reading rich dad poor dad, it opened my eyes. Now I am 25; have completed my graduation; working in E quadrant and have an education loan. I aspire to become an Investor and finally be financially free by age of 40. Right now, I am investing in stock market and mutual funds. But I am now in dilemma as to whether pay off my debt completely first rather than focusing on building asset column. Because for that, I need to stop the mutual fund and pay that amount as EMI. Could you please suggest me.
Hi ashish verma thanks for your respond. Yes I have been playing the cash flow game quite frequently over last few weeks. Over there I prefer to buy real estate and increase my asset column rather than reducing my debt. But in real life, it will take time to study, understand and then invest in real estate. That's why I was asking that is it a good idea to first finish the debts and then go for asset column or should I keep building the assets (continue buying stocks and mutual funds) and just pay minimum emi on my debt for now. In this way the debt will go for longer and I will end up paying much more.
prasanjeet choudhury I understand what you’re thinking. But you can build other assets than only Real Estate. You can build businesses, invest in stocks, etc. How much time do you think it’ll take to clear debts? If im not wrong most debt takes a lot of time to be cleared. Start thinking out of the box and increasing your income. The problem arises when you say “is it good idea to clear debt first and THEN GO FOR ASSET COLUMN”. Bro, you just limited yourself by saying that I can’t have extra income without a real estate. Generate some extra income in some other way!! Don’t do a job for this extra income. Flip some stuff, do anything!, hustle!! and get the extra monthly cashflow. Save this extra income for a couple months while paying your EMI from your current income. Also, take time (maybe a month or 3 months or 6 months) to find that real estate/business idea/stock investment. Yes bro, you need to struggle and hustle in the start. I work 1 job+my dad’s business+my own business+go to school for masters!! Just for that one dream I have in my mind. So I would suggest pay your EMI. If there is a way to convert your debt into a good debt (google this), do so! If not, keep paying this because unpaid bad DEBT can make you a slave. Make sure you don’t get any extra interest on this debt. Keep it clear. and hustle to generate that extra money also, think out of the box for some idea. Look around you, market, food item, restaurant, anything for that extra income. You got no other option man :) FOCUS ON GENERATING EXTRA CASH for now which can make you good cash reserve, which will then help you to make an asset like a down payment for new Real Estate/new business, etc. How much time it will take to make this cash reserve? depends on your action. If you take action 10times, ... you know where i’m going ;) Good luck man :) You’ve read books, played cashflow, you’re far ahead than a normal average person. You will do fine. Keep learning!
I suggest you get a job, pay off your debts if they are high interest. Save as much as possible and find something you can invest in that you CONTROL that can make you passive income. You can't control the stock price (unless you are a activist investor). Instead invest into a rental property, or buy a car and have 2 people you know drive it for you 20 hours a day (10 hours each) and generate you some passive $$$. And slowly scale up.
Literally, the currency is being destroyed, depreciated, and debased. Bitcoin is the asset that has performed the best in global history. It is the greatest bargain store by far. You will be appreciative of every dollar you invested in it in ten years. My two cents worth.
I regret not investing in Bitcoin sooner and instead keeping money in a HYSA. With $200k to invest now, I want to steer clear of FOMO and peak buying. How should a novice approach navigating the market?
Indeed, investing has become more challenging, particularly since the epidemic. For this reason, I chose to enlist the help of an advisor. At first, my spouse wasn't too like of the idea, but guess what? They're now closest friends with our advisor.
I've stuck with ‘’Melissa Jean Talingdan” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
I must say, Melissa seems to be extremely knowledgeable, so thank you for sharing. I looked through her resume after seeing her website, and it was rather remarkable. I got in touch and made a call.
When it comes to the world of investing, most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance.
Totally agree that assets are more than just numbers on a balance sheet! They're like the secret sauce that can boost a company's revenue, give it a competitive edge, and help it stay nimble in this fast-changing economy. Really shows how smart asset management is key to success.
I'm eager to transform my financial liabilities into assets, securing a prosperous retirement. As a soon-to-be retiree, I'm focused on optimizing my 401k after a tumultuous 2022. Inspired by investors achieving impressive returns, I seek strategies to convert my expenses into investments, generating passive income and increasing my ROI. Any guidance on turning financial obligations into wealth-building opportunities would be invaluable in achieving my goal.
You're at a turning point, considering transforming a potential liability - taxes on your $338k stock portfolio - into an asset. By transferring funds into a Roth IRA, you've already paid taxes on the contributions, allowing tax-free and penalty-free withdrawals. This strategic move converts a tax burden into a wealth-building opportunity. Now, you're deciding how much to contribute to maximize earnings and create a tax-free income stream.
Yes, you are right. it's been a brisk tailwind for investors in US stocks over the decades but it is still a delicate season now, so I advise you to consider the guidance of a financial advisor.
Sonya Lee Mitchell is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks
Hello I'm new to bitcoin trade and i have been making huge loses, but recently i see a lot of people earning from it , can someone please give me a new strategy or at least tell me what I'm doing wrong?
Hi :) Rich Dad Poor dad Changed my life ! Since I read the book 3 years ago, I bought a 3 building appartment with my brother, a condo that I rent to someone, and leaving in a nice appartment that cost me less than my condo. Interested in new online technologies , I traveled around the world, I tried some MLM, failed, then tried again and finally made it. My dad is an accountant so I really learned how to save money and how to make smarter choices. I'm finally on UA-cam ... trying this :) Hope you guyz appreciete the content and get inspired from Rober Kiyosaki like I did :) Miclabtv
I will never stand a chance to miss out investing with you Sir Wilson, he keeps making profits I thought I was the only one who trades with him, that man has done good to the mining community
I personally recommend trading with Wilson to everyone struggling with trades or experiencing losses, Wilson is your solution to better profits as she can teach you how to trade and earn successfully. Indeed he is one of the best traders in the crypto world, I have made so much profits from trading with his recommended strategy and now I have recently made over 3 btc
Just what I needed to watch. My wife and I are directors of our farm business and own property, plus small pensions. I am nearly 55, my wife is 52. We have started to save to retire from the farm, and possibly live on rental income, I'd really appreciate you go LIVE and talk about how to earn passive income online and retire comfortably, let’s say $1M.
Find stocks with market-beating yields and shares that at least keep pace with the market for a long term. For a successful long-term strategy I recommend you seek the guidance a broker or financial advisor.
Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
@@elliot985 You can do your research and be on the lookout for one with intelligent strategies who'll help your portfolio maintain an unwavering and a progressive growth. Isabel Cecilia Ramsey is my FA. She has the Flexibility & Expertise to Meet Your Needs. Verify her yourself
@@robertosaviano215 I just looked up Isabel online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals and scheduled a call.
@@mashudrahman9190 WORK THE SOIL !!!!! western society ...you only want to stay and look at the MONEY ...BUT TODAY OFFCOURSE IT'S A SHAME TO WORK.....IT'S NOT FASHION daaa
What if you have a fucked up one? Yes, I agree that these people will come to you in your hard time and all that family shit, but what if they are there just for their hidden agendas? What if they are giving you more headache, tension and family drama than your job? And to be clear, I'm living in one of those!
She trades for me too. My first investment with Mrs Layla Taylor gave me profit over $25000 and ever since then I trade with her and it has been a good turnups
I have $800k in a high yield savings account, yes I’m making gains but to what extent with inflation eating away at the dollar? Am I better off investing in the stock market or buying a house?
The choice between real estate and stocks depends on your time horizon and risk tolerance. Stocks offer dividends and long-term growth, while a house provide fixed assets returns. Consulting a fiduciary advisor is wise for a tailored financial plan. from personal experience, my portfolio has grown to $1.3M, a 25% increase from last year, with robust diversification and inflation hedging
great gains there! mind sharing details of your advisor pleas? i've started gaining more cash flow with my employment and looking at putting money into stocks and alternative assets that can help build wealth over time
You mentioned our fico score isn't as important. Is there 5he4e a way to get a loan without a job and low fico score? I have a business that I'm building. I just don't have enough in my business to cover 3xpenses yet.
I engage in diversifying various investments through proper planning and management of a good Investment Professional and so far have earned many returns (the amount is confidential).
@@mooersproducts350 I've always been fascinated with investing and I need to start now. Could you possibly give more information about the Investment Professional and how I can reach out?
@@reedbrian290 As to get more details about any Investment Professional; (Hamilton Phoebe Zoe) easily do quick internet research where you can easily write her from, do your research with her full names mentioned.
Amazing question, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks...
Quitting may not be the best approach if you ask me personally .When it comes to investment, diversification is key. That is why I have my interests set on key sectors based on performance and projected growth. They range from the EV sector, renewable energy, Tech and Health (AMD) alongside coins, and gold. I'm also working on an investment plan with my CFA that includes AI looking into Nvidia, MSFT, Alphabet stocks among others. I've been utilizing PAMELA ANN PUNKAR advice for years and I've made over $1 000,000. I could leave you a lead if you need advice help...
I changed my life when my cousin told me about Robert. (April 21, 2017). Worked at a manufacturing warehouse for 6 years, climbed the corporate ladder, making 70K a year, broke a** h**, mentally stressed every day, hated my job and the list goes on. This year I quit my job, got a new high paying job (120k), am currently investing in financial, investing and real estate education. Have full control of my financials and living a better life then ever. No longer live paycheck the paycheck. Although my income is earned income "JOB", I now have financial control! I have listened to all of your books. Going to listen to them all over again and apply them every day going forward. One step at a time. Robert, you have changed my life! You are my rich dad! Thanks for sharing your stories!
Eric Chavez can you teach me how to do this
@@Mrramennoodle2 I'll do it all for you for free. You just sit back and relax
Well done! Now live well under your means, watch your expenses ruthlessly, and put the extra cash into assets. You’ll be on your way!
U r a Liar. a Paid Liar
KC keywords he said were real estate, investing and financial education. Whats his 120k income? He’s probably a real estate investor
Thank you very much! you are the best robert! im 28 years old income 25k gross a year,living in brooklyn,i have 14 years paying rent and working minimum wage,because i did not know what i wanted,i did not had a mentor,i bought your book,the first book i have read,and now i bought your books and james rockards books,also think and grow rich,the warran buffet way book,you opened my eyes robert,now im looking for a better job,breking my mind to do my own business,is just fantastic what you have taught me,i still can't believe how i feel,thank you!
eljuancho2 welcome brother
eljuancho2 I can help you create a monthly income . Contact me . Let's work together for a better life for you
GmC CAMBRY how we get in contact? My email is reggeajuan@yahoo.com
There's a guy named John Shin who made a movie based on the book Think & Grow Rich!!!! Watch it if you get the chance =)
bbb888 is it any good to watch??
The people who came and watched this ARE NOT AVERAGE PEOPLE, They’re gaining assets by watching this.
I love your thought
Phú Nguyễn thank you
Positive thought
absolutely
Awesome thought
Any guy from 2025 ??
❤
Yeah
It’s still 2024
@@Idontknowhoiamanymore 3 more days to go 🎉
I’m from 2035 bro
This 14 minutes video has taught me the biggest life lesson that almost 15 years of education hasn't taught.
Went to a classroom for fiance and business and all it thought me that school is bullshit and makes you a money slave " make money work and spend your money wisely" not how to invest real estate
And by the time I'm 65 am broke
@@Yesux fiance and business? Not a good mix I'd wager.
Fact
Whats that? Never wipe back to front?
This is the best video of this guy that is comprehensive and good to watch, not to talk about the melodramatic videos he presently appears in.
Fortunately, I had a college economics teacher that taught me a lesson at 18. That lesson was: for every huge, frivoluos purchase you make, you need to have an investment double it's worth, this doesn't necessarily mean you should always invest when you make a purchase, it simply means living within your means. Varied sources of income is wise and especially like i said, living within your means. Whenever you're about to make a huge, dumb purchase that doesn't add value think about taxes and how you get your income. I made $272k combined net last year and paid no Federal taxes.
Right there with you. I'm retiring early, no debt. Kids are taken care of. Building my dream home on 11 acres, looking over the river valley. there are loads of ways to make a killing right now, but such high-volume near impeccable trades can only be carried out by real-time experts.
@@donaldlocher2537 Inflation is over 10% here in the UK, but as we know it's definitely way more than the Government would like to admit. My plan is to earn more passive income and ride this out, can your Investment-adviser assist?
@serenewhopperman2924 Sure, the Investment advisor that guides me is “James Fletcher Brennan” and he's renowned and has quite a following. So it shouldn't be a hassle finding him. Just look him up.
@@donaldlocher2537 There are a lot of strategies to make tongue-wetting profit especially in this down market, but such sophisticated trades can only be carried out by proper market experts...
@@donaldlocher2537 he really seems to know his stuff. I found his website, read through his resume, educational background, qualifications and it was really impressive. he is a fiduciary who will act in my best interest. So, I booked a session with him
I wish they taught investing at school level. There is so much advantage to doing this!
My biggest regret is that I started so late. And still not good at it, I think at this point i need help
I wish I could have retired in my 50's. I'm 65 now, I started investing late . After some research, I found a strategy that helped. I'm pleased to say I'm retiring with at least $2 million.
@@Helen-fv9xp luck plays a part, especially in the short term. I noticed that when results remain consistent, it indicates something more than just luck. research was the challenge until It led to Julie Ann Lerch, a fund manager. her strategy made sense, it contributed to growing 950k into this and counting
@@Helen-fv9xp luck plays a part, especially in the short term. I noticed that when results remain consistent, it indicates something more than just luck. research was the challenge until It led to Julie Ann Lerch, a fund manager. her strategy made sense, it contributed to growing 950k into this and counting
@@Helen-fv9xp I usually avoid making specific recommendations because everyone's situation is unique. However, my experience with Julie Ann Lerch has been quite positive. You might find it worthwhile to see if her approach fits your needs
@@GabreilSteve It’s worth noting that luck often plays the significant role in some cases, sometimes even more than the resources involved. Without it, its challenging
So basically in a perfect world we all own properties and we all rent from eachother :)
Not everyone is gonna want or even think to do this. There are plenty of people set on being renters and employees their entire life.
@@LordHollow so he basically advocates preying on the poor people who don't have the financial skills...it is interesting as a concept to follow when these very same people will start shooting the richer ones on the streets
@@simo7393 I think he is saying that the information on how to do this is available but we all know that not everyone will do it. It's like smoking. Every knows its harmful but some still smoke. They even know it causes cancer before the try it but still, they do it.
One of the Rockefellers is quoted as saying, “Own nothing; Control everything.”
HAHAHA AH A HHA AHAHAHAH AHA HA HAHAHAH OH MAN
Thank Robert, Im currently reading your book rich dad poor dad, and I really appreciate what I’m learning, I just wished I learned this much earlier on in my teens at least, I’m currently 34, married and currently unemployed because of a layoff … I’m currently watching all your videos and working on to buy all your books… I don’t want to work for anyone but instead work for my family instead, God willing I can meet you someday… thank you again Master Robert
How's it going now man 😊. I hope everything is moving smoothly
Hey how's everything going I'm currently unemployed as well but I'm looking and I have a side business I am building some of my family is like I don't know how your not freaking out right now. I've gotten out of debt b4 and I can do it again. ❤
Your children might be your liabilty at first, but when you grow old, they become your assets and you become their liability.
that's nothing to be proud of, it's shameful
people shouldn't be assets, you're a user
You can tell yourself that, and maybe it will be true for you, years from now, but I think the implication of this video is that the safer bet is to rent out your children today, so that they become an asset in your life.
people need to get off the edge of their seats and realize this is a joke with a dark humor.
That's what I call *Long-Time Investing*
A house is a liability when you living in it, and a house is an asset when you are using it to make money like renting it out for cash flow in - Thank you Mr Robert for sharing this important knowledge
Then where are you living, I mean where we live is either rented or owned.
@@bsrinivas2030😂😂😂😂 true
I have a house what I do 😁
I'm going to tell my wife tonight that we are going to rent the house and the hole family live under the bridge. I like the cash flow idea.
you can come rent my place, no need to stay under the bridge...
Good plan. Me like
LMAAOO
Maybe cause I watch too much areested development, but is your last name Hole? Either way i laughed too hard if it wasnt lol
Atta boy Andrew
Deymon spend hours each day to ensure that something of value is released into the world that has impact on those with an interest and desire to be a part of this platform.
this is fascinating, I'm a business man, I have a good sum of money in my savings account, I want to invest 50%. What's the minimum amount one could start up with?
YES!!!! I never believed in real brokers but Mr Sam changed my mindset.
There are three (3) classes of investors which Mr Sam Deymon manage their investment portfolios, each stages with their different prices and profits as well.
@@phillipjohn2820 As an amateur trader trading under the guidance of pro trader Mr Sam Deymon, who provided me with the knowledge and strategies I required to make profits for the crypto market.
@@haroldroger1624 Sam Deymon made over $12k with my $2k start up capital.
He: Your child is your liability.
Me: *Sells my kid*
WTF
Rent him out
Stonks
@@hdndhjdhdh1404 no one would take him bro
Turns to an asset, sell for a subscription fee
The rich stays rich by spending like the poor and investing without stopping then the poor stays poor by spending like the rich yet not investing like the rich
When it comes to the world of investing, most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance
wow I am just shocked someone mentioned expert Mrs Maureen I thought I'm the only one trading with her
when you invest with genius woman like Mrs Maureen you don't have any other choice then to keep winning, her Trading strategies are very productive and reliable. I made quite a huge profit last week all thanks to her
yes I'm also a living testimony of expert Mrs Maureen
Mrs Maureen has changed my financial status for the best. All thanks to my aunty who introduced her to me
will forever be indebted to you😇 you have changed my whole life i will continue to preach about your name for the world to her you have saved me from a huge financial debt with just little investment thanks so much Mrs Maureen
Please I need help, I lost tons of money on live trade, I
thought is the same as demo trade because I was
winning in my demo account. This is really frustrating
and overwhelming. where do I start please?
Well….. I will advise you should stop trading on
your own if you keep losing and start trading
with an expert because trading with an expert is
the best strategy for newbie.
That's true most people today have been having
a lot of failure in Fx and crypto sectors because
of bad orientation and bad expert
As a beginner who don't understand how Bitcoin
trade really work and really want to make profit
from it. I will advise you to first start working
with a professional broker
That is true, you need an expert trader to make
good profit from cryptocurrency trade
Get an expert trader who will trade for you while
you receive the profit. that's the best way to
make good profit from cryptocurrency
investment
My favorite part in Rich Dad poor dad was when Rob wanted to buy a Porsche and Kim told him to buy a rental property to pay for the Porsche. The point is that you keep the House AND the Porsche. If you straight up buy the Porsche, you don't get the house.
A friend of mine recently received an inheritance from her mother, a house that is completely paid off in Arizona worth around $300k. She sold the house and bought a car. What did she do wrong?
She could have kept both the house AND the car had she just rented out the house. Now she lost the house and only has the car and she's still broke.
Not only still broke she is still stupid my guess.
Well illustrated !
Wow what a fool
I always appreciate someone bringing a different angle in their explanations of Robert's principles. Yours are good ones.
Don't really understand it. Maybe because it is 2024, almost 2025 and you cannot get a house without your own deposit?
I am trying to understand what the video is teaching us.
Say I want to buy a house, but I am poor. It means I cannot buy a house, because I haven't got a deposit for it (usually 10-15% of the property value).
Say I somehow saved £20k (although Robert teaches that we should not save, but let's assume I was dumb and saved money). I pay deposit and get a loan for £180k. Now I need to pay it back to the bank. It's a liability, not asset.
I just don't get this - if it's so easy to buy a property, everyone would be a millionaire. Go to bank, borrow money and here you are. This is silly.
I don't understand what the advice is here in this video... Without any money I cannot buy any properties, full stop. And even if I did, mortgage is a liability.
Watching videos after videos and not taking steps is a liability
wow, I really hate myself for that
🔥🔥🔥🔥🔥🤣🤣🤣🤣🤣🤣
@@Shimadacat invest in yourself, that's an investment aswell
@@countryballs2005 preach, that's what im doing right now
That's a great line! By the way check out his Rich Dad Poor Dad summary version here to help you understand it ua-cam.com/video/vgUzeuPjbiw/v-deo.html
a great man i should say, you gave a summary of life in 10 minutes with all the pumps in it
This is really helpful for my situation!! thanks guys I will try Sam but Do you know how much is ok for a start let me know if I can do this.
❤
TRADING CRYPTOS HAS NOT BEEN GOING WELL WITH ME , I HAVE INVESTED A LOT OF TIMES AND FAILED , I TRADE ON MY OWN BUT EACH TIME I KEEP LOOSING MONEY . I DON'T HAVE GOOD STRATEGIES TOWARDS THE MARKET . PLEASE CAN SOMEONE PUT ME THROUGH ON THE RIGHT PATH..
@ROWLING SAM There is really no country restriction in her company,I'm investing with her from Switzerland.
What surprises me about her mostly is she gives her client's access to her trading site whereby they can monitor their trades on daily basis
@@matawilliam4137 Who is this professional everyone is talking about I always see her post on top comments on every UA-cam video I
Watched
watched
Please how can I reach this mrs Nancy I've already lost enough of money trading for myself.
私は今幸せです➕𝟏𝟐𝟎𝟖𝟐𝟖𝟓𝟔𝟓𝟗𝟓私はとても幸せです。
*Considering the economic downfall and the rise in poverty across the globe. I ask; What’s the best way to achieve financial freedom?*
If I could ask; who’s your financial Adviser and how do I gain more info?
It's hard to trust someone with money or get a financial advisor who can help you plan, invest, and manage your investments for the best results. Working with Donald Nathan Scott, I realized that good people do exist.
Learning and investment financial markets
Invest
To know the difference between Asset and liability ❤
Financial Literacy just made simpler. The backbone of getting rich is maintaining cash flow. Thank you Sir.
30yr old here...going to buy my second house to rent it out this year..im on my way to multi income cash flow
Mexi Short considering i wrote that post a month ago im still learning and educating myself... do you have any positive worth while advice for me? Or did you just want to be a smart ass?
bishop198666 I'm doing the same thing bro, keep buying house and if you can (A pompstation).
Learn Forex trading.
Do network marketing.
Invest in real estate.
Hey you should watch Grant Cardone youtube re buying real estate he is amazing. I highly recommend :)
good job friend!
👌🏽
4:45 - ... bought my first house... apartment, investment property... "I didnt live in it, I rented it out"... If only I had heard, believed and acted upon those words when I bought my first property. OUCH Ouch, well, I just had to learn the hard way ey!! Now I am a Student, Thanks Mr. Kiyosaki!!
Just being curious, although it is not my business, but I have to wonder ... if you bought your first property and then rented it out, which you did not know to do, thus implying you lived in the first property ... I wonder who it was you would have lived with while renting that "asset", meaning, for whom would you have been a liability while collecting from and maintaining your non personally occupied asset?
@@switchjim learn how to read
@@mm-hq4qh can you be more verbose?
Our school system is a joke and a disgrace.
This should be taught in every school.
This man is a hero for putting these lessons online.
He's like Thanos
You must be ignorant. Money isnt the only passion or game the world is interested in. He might be giving great insights on financial literacy but he is just the same as a priest teaching something that might be a passion of other people (spiritual). Or a professor or educator providing something for the benefit of society. Or maybe somebody passionate about helping sick people. So dont be delusional thinking that the financial game is the highest peak of education everybody should get because it will only create a greedy society.
Why would schools do that? They want you dumb and obedient, so you can work all your life and generate their income.
nope, if such type of financial literacy is taught in the school then the world is gona become even harder than it is today. No one can be rich if everyone is rich, it will just raise the standard of costs. Now people are living their life in the form of a rat race and a new concept of cash flow exploits that. If everyone understands how to utilize cash flow, we will need a new concept to beat it and escape from the norms. So just be glad that u are one of the people that have seen the video, and try to make the most out of it because other people did not have such opportunity .
dont be stupid and destroy such opportunity, make ourselves rich first before such concept cant be utilized anymore.
your videos are helping my children because they said mum im getting a job im gona then try get a mortgage to buy a house I said STOP I showed them your videos bought some books and said learn about cash flow assets etc ..... Robert kiyosaki and his wife Kim are teaching you this and it changed their whole mind set
This video doesn't explain how to turn a liability into an asset.
Once you have the liability, then you're stuck with it until you can dispose of it.
At best, the video explains that liabilities should be acquired *only* by first acquiring assets to pay for liabilities.
UltimateBargains yes you’re right. I also don’t understand how his rental puts $25 in his pocket.
@@santoyo526 The rental income paid for the operating expenses and debt service, with $25 left over for his net cash flow each month.
This was decades ago when rents were much lower compared to now.
The point of his example is to run the numbers before committing to the deal to be sure that you will have sufficient net income to tolerate recessionary pressure on income and expenses to avoid defaulting on the debt.
@@UltimateBargains yes, and don't forget, you need tenants that will actually pay their rent and not destroy the property.
@@a.stewart2641 The more risk averse you are, the less income you will receive.
Life is all about managing risk, not hiding from it.
BINGO
Thank you for putting together this intelligent and easy to understand series. Many blessings to you for this kindness!
I am 13 and want to learn about being an entrepreneur. Without Mr.Kiyosaki I would be watching stupid videos. I Love This guy
Kid...you're wasting your teenage years.
Time and moments are more precious than assets and liabilities.
Go home and enjoy playing bike cycle and fights with friends only to be friend again next days
I think it's awesome what you're doing, kid. Don't listen to the haters.
@@sonamtshering3570 some what true. He should definitely not skip parties, hanging out with friends, hanging out with girls, or family. But he should also fill his mind with beneficial information that no other 13 yr old is learning.
So happy for you😀
Keep upgrading your financial education
since teens of your age aren’t interested in these stuffs rather they are busy flexing unrealistic things 🤷🏼♀️
@@user-kp1ry3so2s hanging out with girls? Lol I'm 16 and I don't wanna waste time with my friends or girls on useless stuff
Greatest business mentor ever to me he is soo underrated get it going grandpa👌👌
Too many gold diggers out there, beware, that's a lot of hard earned money wasted for nothing.
gold diggers are not even in the chart of 6 magic words. once you have a gold digger, yourself become an income.
Love freedom gtfoh.
IF they lasted 20 years together does that still make them a gold digger, or just a failed marriage?
yeah got scammed by gold diggers that in Romania - only trained at judo - here at least one of those had trained .
I innovate - romania airport will ant to be obliged to install - thusadded payment of £1,million as a prepaymant with up-front payment for the kit - then government wants that money back from ................ liability to ass-set
@Class Act What do you call a younger woman trying to steal your sugar daddy? A claim jumper.
if only i read your 'The Rich Dad Poor Dad' book 10 years ago I would have not been in this rat race now..better late than never , i learned so much from you, hope I can get out of the rat race soon, u r doing a great job, thanks
Murlikrishna Chippa I can help you out of the rat race. Contact me
Murlikrishna Chippa let’s connect my instagram is Tazmin.khan
Hello a little help here.....don’t like the rat race at all
Allen Trost what do you do for a living? Please advise
Tazmin Khan what do you do for a living? Please advise
$18k a month for old folks?? a 5 star hotel is cheaper!!! What do they offer at this old folks home, a Rod Stewart show every month??
Lmao
Many of those homes provide healthcare as well. In house doctors and nurses...etc. Plus physical therapists. Depending on the health issues the parents have (cancer, diabetes, etc.) 18k is very possible if all care is provided at the center.
Haha Is probably his in laws and parents he has to pay for. Probably 500 a month for cheaper places.
I'm so blessed to live in Italy, where old people can be cared 24/7 in excellent retirement homes for about 2000-2500€ 😀
Maybe invest in an old folks home!!
00:02 Understanding how to turn your house into an asset is crucial for financial literacy
01:57 Understanding cash flow is the key to being rich.
03:40 Your house is not an asset; it's a liability because it takes money from your pocket.
05:36 Buying a taxi car can be an asset due to its cash flow.
07:19 Focus on cash flow when considering assets and liabilities.
09:08 People can be both assets and liabilities.
11:02 Identifying human liabilities and their impact on financial IQ.
12:38 Assessing liabilities is crucial before pursuing passions.
Only in America do kids and older adults become liabilities. I grew up in a family of 10. We moved to the states and were below poverty for a while. Some of us run businesses and all of us have moved out of lower class into middle. The idea that children or parents are liability is sickening. We stick together and the thought of putting someone in a nursing home is non-existent in our culture.
Crazy business
Not only in America, it's all over the world
You moved to the state and got something better doing so he's wrong right?. Come back home and join the hustlers who spend over 13 hours on a single work ang get paid like $50 a month, and see if having bigger family is an asset or liability. We easily disregard the import of a simple statement, and makes them feel they know nothing at all. Can you sustain your family for over a year should any of the need serious medical attention. In as much us human being is priceless, keeping larger family is a ticket almost to poverty 😮
America's still the best
That doesn't change the definition of liability, we all accept liabilities for our own reasons. You're assets have to outweigh your liabilities or you'll all be broke and suffering. This is to help contextualize the struggle to overcome it
Such a Gem of a video. I think one thing Robert didn’t make clear is that liability’s are not bad always SO long as you have the cash flow to have them. If you focus on having more assets then liability’s you are off to a great start. Having a kid, taking care of your loved ones is great so long as you have the cash flow to do so. If the house you want to live in is 3 grand Morgage that’s great, so long as you have the assets to provide the cash flow to do it.
Debt doesn't cause a problem untill you have money to pay the next installment
- US federal reserve
Mr Robert, thank you.
For what you do, you are literally doing the most. Thank you for the warm welcome to the rich dad community.❤
I wish I met you way before Robert but I encourage my son to follow so he won’t be trapped in poor mindset. Thank you.
Being 25 watching this and hearing that you bought ur first property at that age and started to profit from the earning even if we're just a little. Is beyond motivating to me I'm locked in and truly eager to learn more.
I am listening it at 17
@@PrathamSaini-sd1cr same, preparing for 18
@@LorenzAugust Samee, wanna make a groul chat about financials?
@@longlifelearner2005 you mean group chat about finance? Sure I guess? I just started studying corporate finance, and I started with the book and trying to know all the financial terms to be financially literate.
@@longlifelearner2005Interested Aswell, how about a discord group chat?
Hello Robert, I have just started following you and hope I could learn most of what you are providing. Don't know how this knowledge will fit the Indian market and liabilities. But definitely, I would be following you to expand my IT business.
So I have learned from this video ---dividing whatever I have into 6 parts and they are: income, expenses, assets, liabilities and CASH FLOW.
Thanks for this knowledge.
Anshul Jain hi girl, I want to learn in yr hand about the business.pls
You're a phony person set up by Kiyosaki, that's all you are.
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Kimberly Ann Doran..
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super
The very first time we tried, we invested $2000 and after a week, we received $9500. That really helped us a lot to pay up our bills
You trade with Kimberly Doran too? Wow that woman has been a blessing to me and my family..
I'm new at this, please how can I reach her ?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much...
أنا من أكبر معجبينك وقمت بقرائة كتبك أنت عبقري في مجال المال وسعيده بإكتشافي لقناتك ومتابعتها
“A criminals best asset is his lie-ability.”
HAHAA!
-goose from family guy
😂😂😂
Poor guy,😣
Damn thats gold doggie
Mike M. More I was thinking more along the lines of palladium...
Secret Pathway To Triumph is so unique. I can’t believe I hadn’t heard about it sooner. It’s amazing how life-changing this can be.
Everyone has been preaching "buy now, stocks are at a discount" but I've been buying stocks at a discount since the beginning of the year and yet the cycle continues with more losses, I know the idea is to hold long term but God I could really give anything to see some growth happen to my portfolio.
There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
Thats true, I've been getting assisted by a coach for almost a year now, I started out with less than $120K and I'm just $19,000 short of half a million in profit.
@Dan Brooks Big Credits to 'Christine Jane Mcleanshe has a web presence, so you can simply search for, there are some others but it might be difficult to get them, but Christine as been a good guide through the year.
I recommend doing call options. But do your research first
that's why the main key to investing is "knowing what you buying"
Apt and insightful video. Let me add that I moved to a relatively low value housing area because of tax from Farragut, TN, to North Dakota. Reduced my spending and adopted a good dieting. Saved 30% of my income and made a down payment for a house, put a few rooms on rent and the rest of the work was done by my FA. I didn’t achieve it faster because it takes time to perfect, I’ve grown a nest egg of over $450k in almost a year, even as the economy worsens; This can only be achieved by setting goals and of course working with the right FA. A lot may disagree on an FA because of their charges but I always say the work of an FA is so underrated and it’s more than just making sure you make profit. As long as you get your profits based on agreements, an experienced FA who’s been in the market for years will not care about Milking you. Considering how the global economic market has slowed, FAs do a hard-high tasked job to protect and offer financial benefits that a regular investor will not know of. For a year and the half now, I’ve invested with a financial company that invests on pharmaceuticals and cannabis stocks to cover up for the slowed growth of their bonds (pharmaceuticals and cannabis), crypto (yes, crypto!) and sp500 investments.
Sir, my name is Lal Bahadur Singh and I am from India. The knowledge I have gained from your book Rich Dad Poor Dad is very perfect. Sir, today the whole school did not teach this in the college which you tried to learn through the book. done sir
I'm new to this channel, I look forward to learning more to increase earning more.
Les Brown, Napoleon Hill, Anthony Robbins, and Jim Rohn are Men I consider mentors.
👍🏽
Lol you are screwed. A pantheon of vapid bullshit..
Flippin Hustler check this out
m.ua-cam.com/video/dv6feHB0AE4/v-deo.html
this VIDEO is a WAKE UP CALL
it just constantly reminds me why i have to be the wealthiest i can be
This is probably the most sense that I've heard a finance teacher make. He's talking about real world problems and it sounds like no matter what you do, you're going to inherit liabilities. It makes me realize how the bible tells us not to weary ourselves with getting wealthy. How money "grows wings" and takes flight and now it's gone. Or how "The love of money is the root of all evil..."-- particularly if you see your blood relative as an "asset" or "liability." It's real talk! And it has a place. I'm not saying that being poor is the way to go either. Nor do I believe that God is against wisely stewarding money. But it's of real note that Mr. Kiyosaki is acknowledging that there are very real challenges that enter into someone's life that can deplete the account-- particularly medical bills. It's increased my respect for him.
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment
Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.
Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $3million in that time frame.
@@AlexanderTurke Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my stock portfolio and plan my retirement
@@RebeccaBellick The adviser I'm in touch with is 'HEATHER ANN CHRISTENSEN, he works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me his strategy works therefore my result. he provides entry and exit point for the securities I focus on.
You are truly a generous man.
Nobody teaches financial education. You are doing great work.
This is a well detailed and informed video. I'm here to learn how to invest after listening to a guy over the air talk about the importance of investing and how he made $410,000 in 5months from $180,000 startup. Somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas
Investing in crypto and stocks is a good idea, a good system would put you through many days of success
We need to act consistently as investors and not as a speculators on the market if we look forward to profiting from the market
Having monitored my port_folio performance which has made a jaw dropping $370k from two quarters alone, I've understood why experienced investors make enormous returns from the market
Interesting, I have a lump sum doing absolutely nothing at all in my bank account, I wanna get something started with it. You seem to be doing excellent for yourself. Do you trade on your own?
I'm trading with Expert Mrs Denise Mitchell, a FINRA regulated broker. Met her sometime early last year at a startup funding event. She had some interesting things to say about the state of algorithmic trading today, very obviously, it's reflecting on my portfolio
You are the best wealth and financing Guru of all. I have your book Rich dad,i have respect and trust on you
The question is how to convert your salary into the investment funnel without double taxation. you pay taxes once it's earned, then buy stocks and get taxed again once you sell. Want to invest over 300k on the stock market, how do I achieve this?
If you're not who understands strategies to invest, just invest through an advisor, making good profits, avoiding taxes.
Having an investment adv-iser is the best way to go about the stock market right now, I've been in touch with a coach for awhile now mostly and I made over $800K within a year
This is probably what I should do. Who is your advisor, please?
Pamela Kay Regel deserves credit as one of the finest portfolio managers in the industry. Her reputation precedes her, and I highly recommend looking her up to locate her online if you are internet-savvy
Thank you for sharing, I must say, Pamela appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call
I'm going to break this down real quick and I hope it helps. At 6:23 He clearly gives an example at the age of 25 how he turned a Liabilty into an Asset, so to speak. He used a credit card (LIABILITY) to purchase an apartment (ASSET) and cash flowed at $25 (PASSIVE INCOME). Cash flow=cash earned after paying all expenses. I see multiple benifits out of this scenario. 1) Leveraged his personal credit to obtain debt, a credit card, which means he used other people's money and didnt have to tie up his own cash. Additionally, credit cards are much easier and quicker to obtain versus acquiring a mortgage. 2) Utilization of someone elses money, Credit Card (LIABILITY), to purchase an INCOME DRIVEN ASSET which covered all operating expenses for the apartment, including repayment of the credit card, once the rent was paid by the renter, and left him with $25 that he did not have to get up and actively work for. 3) His FICO score had to go up for paying back on the card, thus opening the door to more opportunity to acquire larger lines in the future. 5) The Apartment (ASSET) acquisition immediately increased his networth (WEALTH) at the same time. 4) Holding of the ASSET long enough, or buying right coming in the gate will allow cash (EQUITY) to be pulled out of the asset either immediately or when it appreciates. 5) Sell the asset when its crazy over valued like in 2008 and now in 2019 and walk away with a HUGE PROFIT, 1031 exchange it and increase your passive income and wealth without paying tax on the gain all while using a credit card 💳 (LIABILITY/DEBT). Rinse and Repeat over time to build a massive rental asset portfolio. Then come back to look at this video and shake your head at all of the people who didn't take advantage of all this opportunist information. Most people will apply for a credit card and use that liability to cover another liabilty. It's all a mindset 🧠. Choose what side of the fence you want to be on simple as that. ✌🏼
Thank you so much for the details...!!
Success is about focusing Your energy on
what creates results and using what you
already know
I pray whoever reads this should
become successful. keep I for success.
the rich stay rich by spending like the
poor and investing why the poor stay
poor and be spending ike... Read more
Assets that can make you rich!
But I don't know why people remain
poor due ignorance
It's not ignorance but
unprofessional broker in the market
People are really making a lot of money
from it..
Six words - income, expense, asset, liability and cash flow.
Genius analysis of these terms with being honest about liabilities
Its just five what the six?
"Assets puts money into your pocket and liabilities take money out of your pocket" what an amazing thing to learn from these lines😀😊
This is in his book
That is not really true though. Assets can take money of you.
Amazing and false. Assets put money in your pocket when you transfer them to someone else.
Liabilities require that you PAY money in order to not have them anymore.
Houses are asssets.
It's cruel but true:
Liabilities are children, elderly relatives, girlfriend/wife, broke friends, pets. Legal marriage is the biggest risk for a wealthy man or woman. Robert is just being honest.
It's not cruel at all
It's fine to say this but you're missing something if the "liabilities" actually make your life worth living. Sure you can sit alone and wealthy in your empty house if you want to and congratulate yourself for the financial optimizing you've achieved.
Wife and family is the biggest liability in a man's life
@@julienlenfant9075 don't measure others your scale. Just cuz you like your family or doesnt mean all do. What about guy who was beaten and molested by parents? You like football? Great, I hate it.
But for sure family is liability
@@bartz4439 he was just using family as a liability. if you think you’re going to go your whole life without liabilities that you enjoy, good luck. If you don’t, you would literally just be making money to spend it on nothing you enjoy.
Bought AMS89H at 1$, I will keep it until 2025 when it reach 250$
AMS89H IS HUGEEEE!!!! 😎
When the world knows this, we already x50 🚀
It will soon all over the news
It will soon all over the news
all of my friends told me to buy this, I did know it was from AMAZON
Investing is considered a bedrock in making generational wealth. Most people don't know when, where or what to invest in. Fortunately, great investors of the past and present can provide us with guidance and ideas. Meaningful contributions are always welcomed.
Trading with an expert has been the best way of making huge returns from crypto currency.
The common mistake we newbies make is without help and legit guidance from a professional.
@@kendrahamilton8105 Yes, you're right, it's not watching all videos wasting time on strategies, I was ignorant doing so till I met Rheagan Max Deplonty last year at a startup funding event in Washington DC.
He had some interesting things to say about the state of algorithmic trading today, obviously I'm seeing results, and my trading is going smoothly.
Job will pay your bills, business will make you rich but investments make and keep you wealthy, the future is inevitable.
I went through a divorce in 2011. I couldn't afford my house anymore. I put a tenant in it that could afford the mortgage. I never understood why others didn't do the same thing instead of getting foreclosed.
Annie Alexander Some people like fighting. I gave up my house which had no $ in it for no alimony. I told her keep your house and assume the mortgage and rent out a room or 2 and I will buy my own house. Look up FHA loans they have all this on the website.
The other choice was buy me out of the mortgage which there was no money for or sell the house...
It can work out for both if people collaborate.
Where did you go and stay if i may ask? Did you rent or bought another house?
Very bad decision. And where did you live? On the street?
Hi
I came here to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k. Somehow this video has helped shed more light on some things, but I'm confused, I'm a newbie and I'm open to ideas
I start with $2,500 at May 15 and I'm almost at $21k now! all thanks to Patricia
Wow that's awesome because I Started with $5,000 at the same time. Now at 52,000$.
Congratulations that is a real success story in my opinion. Success because you didnt allow the amount to determine whether or not you would jump in. Good job. See you at the 100k meet and greet.
I'm at 1.25k now!
Do you sell high and buy low ? Or do you hold? I need tips
You're only as good as the decisions you make today with the money you have. This time last year I considered investing without much knowledge and decided to have a consultation with a fiduciary, and it was incredibly insightful. One year and a couple of months in, and I'm almost debt free. I truly cannot stress enough how helpful experts in this field are!
How has your journey investing been? What assets did you invest in?
It’s not rocket science. I got into the stock market and started investing in some stocks. Long story short, I blew my account and lost it all with one wrong move. Jonas Herman, a licensed fiduciary is the brain behind my success. I've gotten into a plethora of assets with $10k spread across stocks (options and futures) for the short term and Roth IRA, index funds, and ETFs, for the long term. Now with over 77k in roi, I sit back, and just reinvest at intervals while I focus on my career and family.
Hermanw jonas (a Gma!L comm
Is he taking commissions for his services? Yes, I’m I still making money in the process? Hell yes!
I never feel pressured into making hasty decisions with him, and all fees and commissions are clearly explained upfront. This level of trust and integrity is rare in the financial industry, and it is a testament to Jonas’ dedication to me as his client that he always has my best interests at heart.
@OlineFarms If something seems off RUN! Don't trust too much
This will influence an entire generation of entrepreneurs, thank you❤❤❤
The way he describes kids cracks me up! lol " two legged liabilities" His perspectives are always intriguing.
Vampires.
"I am with my best friend's daughter"
I have seen that movie before
I've seen that movie too lol 😂😂😂
I love her nod at the beginning. Makes it even more sexual
Not his liability. Smart
Which movie? I need to watch
@@jdengsky How old are you lol
Life is a game, cash flow is the name 😄
😂😂😂
So life is cash flow
Nice
Since I started investing it has been smooth and no complain. But I still see people complaining that they have been scammed in one way or the other. I wonder why, Investing in binary trading has been so profitable to me. So I think I should introduce my Manager Mr martins l to you if you're interested. He has being a honest manager all through and I am still investing with him till today. Invest with the right manager and there will be no more scam, i promise you that.
You can contact him on this (mratinswilliam@gmail.com)
you can earn up to $8000 in daily from home through investment in forex and Binary option trade
Money isn't value, it's a promisary note, a representation of value (it says it on the back lol ). Real value comes from a scarcity of resources b... Supply n da land... Lol water toooo now ✅😊🙏
Robert sir was wrong in 1 thing... kids and relations are not Liabilities - They are Assets... bcoz if u love and take care of them in their need(with true love n affection) they will take care of U when u r in need.....(old age, etc)..😊 I feel this.
In India we have that love, family and we live together...(especially very southern part of India) So here family is an asset.... I feel this...
Sorry but he isnt wrong for the majority sir..Also some kids still turn out spoiled and entitled no matter how good u are to them and can't wait to put their parents in a home. Their parents may have not felt negative about them bcuz they brought the kids here into the world but the kids didn't "bring their parents here" so to them it maybe a burden to have to take care of them when its time. Glad for your family being that way in lndia .but that doesn't go for everywhere else. Ijs.
@@deniawiseone95 if you don't want any relations and think them as liabilities. why live in this world? what's the purpose of having any asset? why earn money? what would you guys even do without a loved one! :D in this logic - even a husband/wife can become a liability to each other. Is he suggesting to stay lonely? come on. yes financial literacy is important, but one should be human if born as a human in this world. Failing to be human and failing to love is what is causing all the chaos in this world.
I still didn't understand how to convert a liability into an asset. Good video.
lmao
Well he mentioned do not buy liabilities but assets. So just getting rid of your liabilities to buy assets is the way. However, some liabilities can be turned into long run assets such as renting out your property
@@Marsconquered This works only in America my friend. They have the dumbest rules and the dumbest people
Market is down still, I've been looking up strategies and apparently both bull and bear market condition provides equal avenue to accrue massive gains, and a news article particularly mentioned a 54 year old that made $180k in 5weeks, how do I learn these strategies, my portfolio has been stagnant for months.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Svetlana Sarkisian Chowdhury is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
When you are child your parents see you as liability but still they love you, so when your parents grow old they too are liability but love them back ❤👍
I agree with you Mr Kiyosaki except one thing - family has been and always will be an asset, I would say the most important one.
I'M NEW TO BTC AND I'VE BEEN MAKING LOSSES TRYING TO MAKE PROFIT MYSELF IN TRADING...I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET... CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade
I will advice you should stop trading on your own if you keep losing
And start trading with Mrs Cassandra Roberts trading services
She is a crypto prodigy and has handled my trade for over 6 months now
@@Calvin_anderson Wow I'm just shock you mentioned and recommended Expert Mrs Cassandra Roberts I thought I'm the only trading with her
In his book Rich Dad Poor Dad. He wrote about his rich Dad that " I m rich because I've you, kids...
Poor dad said I m poor because I've you. kids. So it's about your mentality how you see your kids assets or liability. Now I like his rich dad personality but here I disagree with Robert on having a family as liability. Money is good thing but it's not everything. There is a lot of things money can't buy and you all already knew it.
Money isn’t everything yes, but that had nothing to do with his point. He was simply stating what makes money to go out of your pocket versus what makes cash flow in, that’s it.
It is everything . Money control your mentality -mentality control your mind -mind control your steps -steps adn decision control your life. So if y use mathematic standard if a+b=c and c=d + f
The equation is a+b=d+f
A for steps b for iq = c for money . Money for=life+mentality
Than learn to make money also make you to learn about your self. Money is mentality control.
if you don't invest into your kids they become a liability or even worse burn down your house or kill you
@@xic777 if you couldn't . But if you could? Money control the mindset of physics mental,Controable mindset and itself. When you talk about social capital. Money can be draw as the fifth elements of fire . winds . earth . water.
And the fifth/money control about this four archirstic of emotion. Its about anger , love , passion , and patient . It can be drawn as Pro-scorates philosophiant or arsitotelian . It draw how mentality work on you . Worst or not is how you control it . How you see it . And how you respon on it . Worst is relative . Worst if you change your children path from poor to poor , not from poor to rich.
@@novalispentamuse4444 as a parent its your soul purpose to invest in your kids if not whats the point of your existence, you don't need money to invest in your kids, you can teach them a skill, teach them true valuable skills to give them a head start in life, there's no excuse to not invest in your kids, that's a fools mindset. tbh the world doesn't care about elements knowing bullshit magic philosophy will not make your life better, you have only one life, make good use of it for yourself and your future generations.
Thank you Robert for teaching without holding back on what's being said. Definitely things have to be said like they are. Look forward to other educational videos from you.
How about some ( real estate)
Your lecture is very good, it opens my mind. I have read half of your book series Rich Dad Poor Dad. It's actually very good and easy to understand. It helps me redefine what Assets, Liabilities and, importantly, Cash Flow are. I bought your game Cashflow. Financial IQ is about controlling your own cash flow!🥰😍😘. i’m from Vietnam :)
Hello Robert and Rich Dad Foundation, I can't thank you enough for the great help you have been offering to people like me (in E and S quadrant currently). I had no idea about investing and was a spendaholic until very recently. But after reading rich dad poor dad, it opened my eyes. Now I am 25; have completed my graduation; working in E quadrant and have an education loan. I aspire to become an Investor and finally be financially free by age of 40. Right now, I am investing in stock market and mutual funds. But I am now in dilemma as to whether pay off my debt completely first rather than focusing on building asset column. Because for that, I need to stop the mutual fund and pay that amount as EMI. Could you please suggest me.
prasanjeet choudhury Play cashflow game for free on his website and you’ll get the answer
Hi ashish verma thanks for your respond. Yes I have been playing the cash flow game quite frequently over last few weeks. Over there I prefer to buy real estate and increase my asset column rather than reducing my debt. But in real life, it will take time to study, understand and then invest in real estate. That's why I was asking that is it a good idea to first finish the debts and then go for asset column or should I keep building the assets (continue buying stocks and mutual funds) and just pay minimum emi on my debt for now. In this way the debt will go for longer and I will end up paying much more.
prasanjeet choudhury I understand what you’re thinking. But you can build other assets than only Real Estate. You can build businesses, invest in stocks, etc. How much time do you think it’ll take to clear debts? If im not wrong most debt takes a lot of time to be cleared. Start thinking out of the box and increasing your income. The problem arises when you say “is it good idea to clear debt first and THEN GO FOR ASSET COLUMN”. Bro, you just limited yourself by saying that I can’t have extra income without a real estate. Generate some extra income in some other way!! Don’t do a job for this extra income. Flip some stuff, do anything!, hustle!! and get the extra monthly cashflow. Save this extra income for a couple months while paying your EMI from your current income. Also, take time (maybe a month or 3 months or 6 months) to find that real estate/business idea/stock investment. Yes bro, you need to struggle and hustle in the start. I work 1 job+my dad’s business+my own business+go to school for masters!! Just for that one dream I have in my mind. So I would suggest pay your EMI. If there is a way to convert your debt into a good debt (google this), do so! If not, keep paying this because unpaid bad DEBT can make you a slave. Make sure you don’t get any extra interest on this debt. Keep it clear. and hustle to generate that extra money also, think out of the box for some idea. Look around you, market, food item, restaurant, anything for that extra income. You got no other option man :) FOCUS ON GENERATING EXTRA CASH for now which can make you good cash reserve, which will then help you to make an asset like a down payment for new Real Estate/new business, etc. How much time it will take to make this cash reserve? depends on your action. If you take action 10times, ... you know where i’m going ;) Good luck man :) You’ve read books, played cashflow, you’re far ahead than a normal average person. You will do fine. Keep learning!
ashish verma thanks buddy.. Thanks for your suggestion.. I will do this..
I suggest you get a job, pay off your debts if they are high interest. Save as much as possible and find something you can invest in that you CONTROL that can make you passive income. You can't control the stock price (unless you are a activist investor). Instead invest into a rental property, or buy a car and have 2 people you know drive it for you 20 hours a day (10 hours each) and generate you some passive $$$. And slowly scale up.
Literally, the currency is being destroyed, depreciated, and debased. Bitcoin is the asset that has performed the best in global history. It is the greatest bargain store by far. You will be appreciative of every dollar you invested in it in ten years. My two cents worth.
I regret not investing in Bitcoin sooner and instead keeping money in a HYSA. With $200k to invest now, I want to steer clear of FOMO and peak buying. How should a novice approach navigating the market?
Indeed, investing has become more challenging, particularly since the epidemic. For this reason, I chose to enlist the help of an advisor. At first, my spouse wasn't too like of the idea, but guess what? They're now closest friends with our advisor.
Hello, I'm curious to give this a try. Please who is your advisor and how do I get in touch?
I've stuck with ‘’Melissa Jean Talingdan” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
I must say, Melissa seems to be extremely knowledgeable, so thank you for sharing. I looked through her resume after seeing her website, and it was rather remarkable. I got in touch and made a call.
When it comes to the world of investing, most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance.
How can someone know a profesional account manager that is trustworthy and legit, they are hard to find this period
I earn $2,000 with every $500 I invest with sir Greg T. Martin fx
Does he also offer mentorship, lectures and tutorials?
I'm new here and I really want to know some important things about him before I can choose to invest with him..
@Jorge Vargas M Yes, $1,000 is good enough to start investment with him
Totally agree that assets are more than just numbers on a balance sheet! They're like the secret sauce that can boost a company's revenue, give it a competitive edge, and help it stay nimble in this fast-changing economy. Really shows how smart asset management is key to success.
I am 22, and everything that I have is liability Sh**t . Thanks Mentor. It's no later to change. Greeting from Angola 🇦🇴
Have to changed them to Assets?
Who reads comments and still listens to the convo? Like this
I'm eager to transform my financial liabilities into assets, securing a prosperous retirement. As a soon-to-be retiree, I'm focused on optimizing my 401k after a tumultuous 2022. Inspired by investors achieving impressive returns, I seek strategies to convert my expenses into investments, generating passive income and increasing my ROI. Any guidance on turning financial obligations into wealth-building opportunities would be invaluable in achieving my goal.
You're at a turning point, considering transforming a potential liability - taxes on your $338k stock portfolio - into an asset. By transferring funds into a Roth IRA, you've already paid taxes on the contributions, allowing tax-free and penalty-free withdrawals. This strategic move converts a tax burden into a wealth-building opportunity. Now, you're deciding how much to contribute to maximize earnings and create a tax-free income stream.
Yes, you are right. it's been a brisk tailwind for investors in US stocks over the decades but it is still a delicate season now, so I advise you to consider the guidance of a financial advisor.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.
Sonya Lee Mitchell is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks
Hello I'm new to bitcoin trade and i have been making huge loses, but recently i see a lot of people earning from it , can someone please give me a new strategy or at least tell me what I'm doing wrong?
Trading on your own is very risky, I've lost alot trading for my self
I lost £1200 carelessly trading on a
platform then I was referred to Mrs Robert Nancy she recovered the loss and made an extra profit of £4600..
@@adamsgreat2571 So... I will advice you should
stop trading on your own if you keep losing and start trading with Mrs Robert Nancy trading services
Trading crypto with Expert Nancy has being a game changer for me.
@Michael James You don't need to be shock because I'm also a huge beneficiary of expert Mrs
Nancy
So much good information all the time ! Can listen to you all day !
Hi :) Rich Dad Poor dad Changed my life ! Since I read the book 3 years ago, I bought a 3 building appartment with my brother, a condo that I rent to someone, and leaving in a nice appartment that cost me less than my condo. Interested in new online technologies , I traveled around the world, I tried some MLM, failed, then tried again and finally made it. My dad is an accountant so I really learned how to save money and how to make smarter choices. I'm finally on UA-cam ... trying this :) Hope you guyz appreciete the content and get inspired from Rober Kiyosaki like I did :)
Miclabtv
The importance of a good manager cannot be over emphasized. I value your help Mr wilson Terry.
I started mining with $5k with a positive mindset and today I have made up to $27k mining with Wilson’s miners
wow this is great, feels good to see my own trader being represented well here. 5 weeks into investing with him and he brought me up almost 70%
I will never stand a chance to miss out investing with you Sir Wilson, he keeps making profits
I thought I was the only one who trades with him, that man has done good to the mining community
I personally recommend trading with Wilson to everyone struggling with trades or experiencing losses, Wilson is your solution to better profits as she can teach you how to trade and earn successfully. Indeed he is one of the best traders in the crypto world, I have made so much profits from trading with his recommended strategy and now I have recently made over 3 btc
Hi how can I contact your portfolio manager, how good is he and how much profit have you made so far?
The way you enlightened young millennials is very practical. You're one of the interesting people I want to follow. Thank you for the great content!
Just what I needed to watch.
My wife and I are directors of our farm business and own property, plus small pensions. I am nearly 55, my wife is 52.
We have started to save to retire from the farm, and possibly live on rental income, I'd really appreciate you go LIVE and talk about how to earn passive income online and retire comfortably, let’s say $1M.
Find stocks with market-beating yields and shares that at least keep pace with the market for a long term. For a successful long-term strategy I recommend you seek the guidance a broker or financial advisor.
Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
@@robertosaviano215 Please can you leave the info of your investment advisor here? I’m in dire need for one.
@@elliot985 You can do your research and be on the lookout for one with intelligent strategies who'll help your portfolio maintain an unwavering and a progressive growth. Isabel Cecilia Ramsey is my FA. She has the Flexibility & Expertise to Meet Your Needs. Verify her yourself
@@robertosaviano215
I just looked up Isabel online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals and scheduled a call.
I think family is treasure- worth more than assets
When u don't have any money how u feed them man?
Your brain can be either an asset or a liability. Some are limited. Some are mentally disabled. Some are lazy but can have a huge potential.
@@mashudrahman9190 WORK THE SOIL !!!!! western society ...you only want to stay and look at the MONEY ...BUT TODAY OFFCOURSE IT'S A SHAME TO WORK.....IT'S NOT FASHION daaa
Exactly!!! How can one compare money & family!!!
What if you have a fucked up one? Yes, I agree that these people will come to you in your hard time and all that family shit, but what if they are there just for their hidden agendas? What if they are giving you more headache, tension and family drama than your job? And to be clear, I'm living in one of those!
Successful people don't become that way overnight. What most people see at a wealth, a great career, purpose is the result of hard work. 🤑🤑
She trades for me too. My first investment with Mrs Layla Taylor gave me profit over $25000 and ever since then I trade with her and it has been a good turnups
My first experience with her gave me the assurance that has made me to invest without fear of losing
7th winning thanks to Expert Mrs Layla, she's really the best, I've made a lot
Please how can I reach this Expert Layla everyone is talking about?
+1
Thanks!
I have $800k in a high yield savings account, yes I’m making gains but to what extent with inflation eating away at the dollar? Am I better off investing in the stock market or buying a house?
The choice between real estate and stocks depends on your time horizon and risk tolerance. Stocks offer dividends and long-term growth, while a house provide fixed assets returns. Consulting a fiduciary advisor is wise for a tailored financial plan. from personal experience, my portfolio has grown to $1.3M, a 25% increase from last year, with robust diversification and inflation hedging
great gains there! mind sharing details of your advisor pleas? i've started gaining more cash flow with my employment and looking at putting money into stocks and alternative assets that can help build wealth over time
Heather Ann Christensen is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment
You mentioned our fico score isn't as important. Is there 5he4e a way to get a loan without a job and low fico score? I have a business that I'm building. I just don't have enough in my business to cover 3xpenses yet.
Gold never depreciates , it’s better to buy something that is always a need in terms of an asset in areas where it’s most needed.
Life time lesson with in literally minutes. Thanks Robert.
Watson william Stop with that scam
@@watsonwilliam4642 g
@@watsonwilliam4642 p
@@watsonwilliam4642 on p
@@watsonwilliam4642 p
*When it comes to investing, what's your say to anyone with over $100K looking for the best ways to invest it and as well make good earnings off it?*
Good question. There's no shortcut to getting rich, but there are smart ways to go about it.
I engage in diversifying various investments through proper planning and management of a good Investment Professional and so far have earned many returns (the amount is confidential).
@@mooersproducts350 I've always been fascinated with investing and I need to start now. Could you possibly give more information about the Investment Professional and how I can reach out?
@@reedbrian290 As to get more details about any Investment Professional; (Hamilton Phoebe Zoe) easily do quick internet research where you can easily write her from, do your research with her full names mentioned.
Great stuff! Thank you, got it.
How much income will 100k generate? anybody with investment experience .
Amazing question, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks...
Quitting may not be the best approach if you ask me personally .When it comes to investment, diversification is key. That is why I have my interests set on key sectors based on performance and projected growth. They range from the EV sector, renewable energy, Tech and Health (AMD) alongside coins, and gold. I'm also working on an investment plan with my CFA that includes AI looking into Nvidia, MSFT, Alphabet stocks among others. I've been utilizing PAMELA ANN PUNKAR advice for years and I've made over $1 000,000. I could leave you a lead if you need advice help...
@TimothysTravises I’ve heard of her . How can i reach her, if you don't mind me asking?
@@AnnBurrow-vb8tt Welcome .
Thanks for passing on this knowledge sir.