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Ignoring This Money Advice Cost Me Hundreds of Millions in My 30s
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- Опубліковано 12 лип 2024
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Ken McErloy and @TheRichDadChannel reflect on a range of topics. Robert shares his journey from a Vietnam pilot to successfully raising capital for multiple companies. He emphasizes the value of real-world experience over formal education and explores the economic challenges and opportunities in today’s market.
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ABOUT KEN:
Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor.
Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
Ken's company: mccompanies.com/
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a lot of noise in the background. it's very annoying. Please have pity on your viewers and stop making videos in that creepy little plane.
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you...prevent inflation
Interesting, This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro Investor?
I feel Investors should exercise caution with their exposure and.exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or a licensed expert in order to navigate this recession and achieve potential high yields
Prioritizing effective personal finance management holds greater significance than the sheer amount saved, irrespective of income source. Consulting a certified financial advisor can offer tailored strategies to optimize financial results by reducing expenses and enhancing income, regardless of whether it's earned through employment or investments.
Brian Humphery Services was my hope during the 'bear summer' last year. I made so many mistakes but also learned so much from it, and of course from Brian.
I'm a bit perplexed seeing him mentioned here I also Didn't know he has been good to so many people too this is wonderful, i'm in my fifth trade with him and it has been super,
I’d be retiring or working less in 8 years, and considering this financial recession, Im deciding to begin taking up skilled trades. I’m curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $120K per year but nothing to show for it yet.
you should contribute to your retirement diligently, or better still look into financial planning don't come to youtube for advise, consult a local or trusted online broker/plannner
i agree with the comment above. I feel fortunate to have been introduced to money management at a young age. I started working full-time at 19 and bought my first home at 28. Fast forward to today, I'm 61 and although I was laid off in March 2020 during the lockdown, it turned out to be a blessing in disguise. I sought the advice of a financial planner to stay financially stable and made some savvy investments, which have brought me within 15% of reaching my goal of $1 million in wealth.
huge! I am eager to build up my reserves irrespective of the economic conditions. My 401k has significantly declined since early 2022, Can you point me in the right direction?need to rebuild
I’ve shuffled through a few experts in the pst, but settled with monicamary Strigle’. The strategy sh uses is recession-proof, more specifically profit-oriented, and most likely, she's a renowned advsr.Just research the name. You’d find necessary details to work with
i truely appreciate this share.I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.
I’d be retiring or working less in 5 years, and curious to know how best people split their pay, how much of it goes into savings, spendings or investments, I earn around $250k per year but nothing to show for it yet.
money advice is subjective, what works for you may not work for me.. get rid of any unnecessary purchases, especially things that cost you monthly, or better still consider financial advisory
Agreed, I'm quite lucky exposed to financial planning at an early age, started work full time at 19, purchased first home at 28. Going forward, got laid off at 36 amidst covid-outbreak, and at once consulted an advisor to stay ahead. As of today, I'm barely 15% short of my $1m goal after subsequent investments.
@@Charlesman_T that's great! retired in my 40s after inheriting money from a childless relative. I was making 6 figures at work but it was just a treadmill, traveled overseas and found a girl almost my age, happily married and only issue is how to grow or preserve our wealth... think your advisor can be of help?
Karen Lynne Chess is the licensed advisor I use. Just search the name. You’d find necessary details to set up an appointment.
curiously googled Karen Lynne Chess and at once spotted her consulting page, she seems highly professional from her resumé
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 Charlotte Miller.
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
Their
...services are very genius and experienced in the market for over a decade and counting, they changed my life from a poor plumber to a better and middle class family man with 2kids.
I'm new at this, please how can I reach her?
Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Charlotte Miller.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
Woah for real? I'm so excited. Charlotte Miller strategy has normalised winning trades for me also. and it's a huge milestone for me looking back to how it all started
Their
...services are very genius and experienced in the market for over a decade and counting, they changed my life from a poor plumber to a better and middle class family man with 2kids.
I'm new at this, please how can I reach her?
Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading
Great advice gents. I’m in my 50s and was never really focused on money growing up and measured my success by the poor dad ways. Ever since reading RDPD, it put me on the path 10 years ago. It’s been an amazing journey and my wife and I are so aligned with your messaging. Thank you for all you’ve done for us all.
Thank you for sharing. Financial education is crucial today to show incredible resilience and discipline in the volatile market, masterfully balancing strategy and insight for success. This dedication to continuous learning is inspiring...managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Francine Duguay, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Francine Duguay program is widely available online.
I appreciate the professionalism and dedication of the team behind Francine’s trade signal service.
The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.
It was quite challenging to understand the different trends on my own until i found out about Duguay. Trading made easy.
What I appreciate about Francine Duguay. is her ability to tailor strategies to individual needs. She recognizes that each investor has unique goals and risk tolerances, and she adapts her advice accordingly...........
Great information, thanks Ken and Robert
I’ll preface this with the fact that I do like and enjoy this channel. I do find it funny that Robert says you need to be a salesman and you need to raise money. Then says they are actively raising money, and goes on to sell this audience their book and tickets to their event to raise capital.
Good point
Love the spirit and authenticity of these two gentlemen. They are a blessing to society.
Keep on truckin guys spread the word about education and learn to think for yourself -
Kudos to the old guys who mastered salesmanship !
Convinced investors for decades to invest in them....
Will find the means to participate !
Cash flow quadrant 💥💥💥💥💥
Super important framework
No way they’d teach that in school
Great advice!
The suggestions of these two "guys" really impacted our life for the better!
Thank you!
Love Jeff Booth. I’m finally connecting with mentors and info you are reading without learning it from you.
Thanks dude
Just came back from the proven conference in Orlando at the end of May. With Jim Cockrum who teaches how to sell on Amazon. Made the biggest business deal of my life at that IN PERSON CONFERENCE - getting out and actually networking with real people is vital. SHIPs matter! Relationships, partnerships, ownerships etc. get out there and do real things with real people!
Awesome, awesome video, Robert & Ken!!!!🤩🤩🤩
Thank you
Very helpful Thank you for sharing this
Great video ken as always
☀️ Love the Rich World Network!! I appreciate the content.
Thank For your Sharing
Keep grinding!!
Nice work Men ! Greetings from Poland
Love the content and the video!! Audio needs a little work though.
Lovely 🙏🙏
Love it
Hey! I recognized Josh Lessard as the guy asking the question!
Preach
The GOATS
Damn imagine the opportunity to be on that plane with those guys... wow. Sign me up.
If u liked trading baseball cards , trading or making money 💰 when under 12 u can be an entrepreneur. But some should stay as good workers
Take me to your leader. 👍
Ken yout good nature film sell conversations. Proof of concept p me up for idea fee. Nice well opps mean 10k😂
And for some reason runs ads on his videos.
Ken bought a little new jet airplane with that he can fly and fix his tenant toilet in split second. That is a big deal and a real sucksex
Robert, if you got rich from taking debt and raising money, why is it wrong for others or even the government to do the same?
Amazing point
You raise money and give it back with a return out you won’t be raising money for long. The government is only able to give a return by running a Ponzi scheme which its not a good investment
He is a alpha male !
If you listened to him enough times you can hear the doubt Talk
He is taking on debt personally or in an LLC, with a strategy to pay it down based on the assets cash flows in the future. The government has no strategy to pay down the current debt it has taken on. Huge difference. You should read some of kyosaki's books
@@petelipson3769 Well no, Don't be so simple. The objective is cashflows and productivity. Debt paydown can be used, but really isn't the best tool. I have read the books. If you've played his game, read his books, and listened to his content you would know that debt paydown isn't the goal. The govy does however have a strategy for increased tax income. He is trying to exploit an assumption that the government is taking on risk and won't be able to raise tax revenues enough. He does not do a good job quantifying or qualifying why that won't play out.
Phenom 300 Kenny?
I am not confused. I hate waste
"Who's this Fed guy?" Seriously...The "Rich Dad" doesn't have Jerome Powell's name committed to memory? He has no credibility in my mind.
They have not "printed $1 trillion in 90 days." I assume he is referring to the deficit spending and in-turn the sale of Treasury bonds to finance the deficit.
"Printing" the money would mean the Federal Reserve was expanding the money supply (M2) to buy those bonds (quantitative easing). But, they are not. Although they continue to buy bonds, [on net] the SOMA holdings are being reduced $25 billion/month.That reduction was decreased in June. Before that, the account was being reduced $60 billion/month.
Between June 2022 and May 2024, the size of the System Open Market Account (SOMA), which contains the securities held by the Fed, declined by $1.6 trillion, AKA quantitative tightening.
So, the Fed is presently destroying money, not "printing" it.
And in reality, Robert is no different the than the US government, levered to the hilt.
Ken - you moved down a bunch of pegs bringing on that huckster.
Just so that you're aware, Robert has been investing with Kenny for 30 years. They're really good friends. Kenny wrote 3 books under the Rich Dad banner.
👍
💎
6 months of income now go to the government.
Omg.
We all know you were a pilot.
Biden & Powell Are "Late" to React ...... Transitory 😂🤣
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Read Kiyosaki’s wiki page and you’ll see he’s been a sham and carnival barker for years. Why Ken would associate himself with that grifter is beyond me…birds of a feather?
Did he say green new deal? Is the devil blackmailing him.
It's a metaphor.
bro getting old
I want to trust this guy but when he interviews and is friends with known scammers like matt onofrio and clayton morris who fled the country to Portugal a few years ago makes it hard to trust this guy! Beware investors and listeners!
!! a lot of noise in the background. it's very annoying. Please have pity on your viewers and stop making videos in that creepy little plane.
Rule #1 Never borrow money. The hand that gives is always over the hand that receives.
WTF are you talking about? That's all rich people do nowadays. They borrow capital, invest it into an asset & pay back the cash flow you earn from it back to the money lenders & pocket/reinvest what's left over.
Good, keep the secret to yourself.
It's not really a secret at this point. The only hard part is getting the credibility & experience to be able to borrow that amount of money & invest it into something you have plenty of experience in. You're 1 of those fake teachers Robert Kiyosaki tells us about. Telling people not to borrow money is a sure fire way to remain poor in this world.
Debt helps the corp call America, not the country. For every dollar that these guys borrow, is a nail in the coffen of America. They live off inflation
ROBERT KIYOSAKI ❤❤❤
wool socks to bed = 20% mood increase overnight🔵🟪🟧🟨
Nope