Dude I seen people grifting off your name with titles like should you trust moon. I wish I would have captured it. It has been a popular thing for untalented creators to do lately. Go attack someone else creating similar content.
And this goes for ALL such pitches, even "free" ones. When I was in my early 20's, new to investing, I went to a dinner where the bait was a free steak dinner at a very decent local steakhouse, and you watched a pitch by their fund while you ate. It was a very high load mutual fund, pitching their long term performance. So I did some reading, and learned that they charge retail investors a WHOPPING 9.3 percent load on the purchase of their funds (which you never get back) AND they charge ALL the normal expenses stock mutual funds charge every year. So my initial question was "Why do I want to pay THESE clowns 9.3% for them to do marketing ON TOP OF all the other fees?" Well, of course, there is no advantage to doing so, but 43 years later, high load mutual funds with such sales pitches STILL exist. Also, VERY expensive funds with VERY high annual fees also still exit. American Express funds comes to mind charging a good TEN times what Vanguard charged, when I checked for a friend in the mid-90's. Not better service or performance, just 10X higher annual fees.
Anyone who wants to sell you their success, doesn't have it. Anyone who tells you to buy certain stocks now, are in the process of selling theirs. Any advice you get for free, there's no such thing as a free lunch, it's always a book they're selling you, every advice you get on youtube has a sponsor, there's ALWAYS a catch. And the reason they still exist, is because you do. There's always a new sucker born, and it will always be a profitable business with all the dreamers out there, willingly parting with their hard earned cash - for a dream!
"EVERONE CAN ACHIEVE THEIR DREAM! Buy my book to know the secrets." Reality: maybe around 10% achieve their dreams, while the rest have to learn how to survive.
Even as a kid i was always sceptical about gurus selling their methods of getting rich. I asked myself if i knew how to get rich why would i give up the secrets and create more competition for myself.
There are also books on how to win lotteries. If I found a surefire way to win lotteries, do you think I would tell anybody? I would just keep my mouth shut and just keep winning the millions.
Exactly. For people to qualify as rich, other people have to qualify as poor so it is impossible that getting rich could be taught to others and that if we're not rich it's that we have not put in the effort.
My dad quoted the Rich Dad Poor Dad all the time, and I just silently sat back and thought if rich people tell more poor people how to be rich, there will be less rich for the rich, so why would they do that…? I was like, 12 I think. And I was a pretty dumb kid too.
@@lordjim3109that's how UA-cam, the internet, and society in general is. This truth that was shown won't get any attention and recognition. The opposite of it will.
@@MayTheSchwartzBeWithYoutrue words. People who never educate themselves then fall for the oldest trick, keep following the mobs to death even. History is there, shit just keep on happening again and again.
No, it's because they don't think for themselves. Don't be stupid and a sheeple, educate yourself, knowledge is free. It's effort and connection that is not.
9:24 a civil engineer. Someone that intelligent should know better then to be so guillable to fall for these get rich scams. There is only one thing to it. Do something other people want and are willing and able to pay for. Do it before other people can offer this product or service.. Or create a barier to entry for competitors. Thats it you can pay me €4.400,- now thank you.
I'm so sick of everyone that I used to watch being exposed for being an absolute waste of my time. The way I bought this mans book, listened to all these gurus, took notes, tried to implement them into my life, just for them all to be frauds. You cant trust the media, you cant trust these gurus, you cant trust anyone.
5 Thus says the Lord: “Cursed is the man who trusts in man And makes flesh his [a]strength, Whose heart departs from the Lord. 6 For he shall be like a shrub in the desert, And shall not see when good comes, But shall inhabit the parched places in the wilderness, In a salt land which is not inhabited.
There is no right way. Just that the way was right at that time. The infomation is cheap now. So education that offer no real use is worthless since most people now can see through BS.
There are many ppl you can trust and who will actually help you in life. But you'll never find them among the ones trying to constantly sell you a service, a product or a lifestyle. Ppl are naive enough to believe these sales ppl actually want to put out a good product to help others. You want to know what a selfless person actually looks like? Go look at medical staff who volunteer for non-profits. Look at the ppl who run those orgs, the legit non-profits.
The advice and information is most likely legit, they just took it from other people and books and try to sell it to their viewers but in the end if u watch the videos and learn from it dont feel bad, the world ain't black and white
The moon is fake. It's a projection by reptiloid humans to make us believe that there is a moon to justify the existence of the sun and to test, whether we still comply with their reptiloid orders regarding moon cycles.
😁agree, these youtuber cannot be trusted either, actually there is nothing wrong to listen to these guru's like kyosaki, however not everything they said is true, doesn't mean everything they say is false. But be smart guys, at the end of the day, it's all about what works for you or what's not.
I have a friend who becomes successful in his business because of kyosaki's book, but he also knew that everything can change, what works today may not work tomorrow, or what doesn't work for others may works for you, if you are in the right time and the right place.
You're quite right. Moon is selling a product just like all of them, it's just that the risk/rewards are very different. Moon is presenting himself as giving accurate, good advice, just as Kiyosaki and the others. I went to one of Kiyosaki's events over 20 years ago. It was free and the advice was free. It was made very clear that at these events a small percentage would sign up for more. To me, it was completely obvious that Rich Dad was fiction, but regardless there's still a lot of good advice in it and it's largely about having the right mindset. I know someone who did extremely well through investing in property by following his and other similar investment "gurus". Investing didn't work out for me. At the end of the day it's a form of gambling.
I don't see enough people calling out Kiyosaki and his book. I read it in the middle of college. I had just gotten my first decent-paying job and wanted to learn how to manage finances. I remember when reading it thinking "great buy assets and not liabilities. Thanks captain obvious, but how do I do that?" and tossing it aside. I'm so so so glad I didn't get caught up in his BS. As someone who's become a lot more financially literate over the past couple of years, it absolutely breaks my heart to see people fall for these con artists and defend them in these comments. American education really needs to step it up on financial education.
@K.D.Sedits There aren't any assets that increase in value without a reason. Land increases value because it's a Ponzi scheme that steals from your own children and other people's children. When the government finds a way to stop the Ponzi scheme, your land will crash back down or even get confiscated.
He copied Carl Icahn's story/upbringing. You'll notice that if you look into Carl and draw the peculiar similarities to Robert's so called upbringing in his book. Fraud.
Yeah I hate that sh**..I wish I would have thrown it away, instead I kept looking for the "secret sauce" I thought Kiyosaki was sharing. Never found it.
For many people, it is not that obvious. I often hear the phrase "I invested in a new car". Therefore, this book could be an eye-opener, as it was for many people. But I would categorize it as a mindset book and not an investment book.
Wealth is a mystery, but poverty is avoidable: 1. Study something useful in school, like engineering, CompSci, or nursing. Otherwise go to a tech or trade school. 2. Don't get pregnant until you get married, and don't get married until both of you get counselling. 3. Drive a small practical car. 4. Stay out of trouble, lawyers are expensive. 5. Control your spending. Do you NEED an overseas vacation or new iphone? 6. Get checkups and take care of your health. 7. Stay away from booze, gambling, and crazy women.
@@andrewcrowder4958 pick some random TEDx that they've promoted everywhere that includes everything from people saying you get cancer cause you didn't love yourself to 11 year olds trying to talk about gmos
@@andrewcrowder4958 Look at the one where there was a talk that said cancer was caused by not loving yourself enough or another one where some lady brought the guy who SA'd her to join her hallmark movie talk
I've read the Rich Dad Poor Dad. It makes sense at a time but debt can easily turn into bad debt. Especially if you have no other stream of income to pay it out.
When you leverage you're just gambling. It can pay off, think about the people that bought rental real estate starting around 2009. Or you could have been the guy doing it in the early 2000s.
When I started studying finance and accounting you kind of realize how full of crp he is. I used to believe this guy. I even bought his book. He gives general good business advice, but nothing complicated. His audience is for people who don’t know anything beyond business 101 and sales fanatics.
Lmao my dad is a reader of his worked and even told me to read it. I knew pretty quickly that it was bullshit when he was saying that he and a friend as children with household appliances attempted to smelt coins, because the equipment required to do that safely could in no way be within the reach of two poor kids without the molten metal searing a hole into one of them.
Richard Kimi is his real Rich dad. It’s all documented. Even in his obituary the family mentions him. Yall are making excuses for being broke. Alan Kimi is “Mike” in the book. The family did not want Robert mentioning them by name out of privacy otherwise they’d sue. All a “rich dad” is is a mentor. It was his first mentor. So stupid.
I discovered that too. A paperback book printed on very cheap paper has more valuable information than these nice glossy books you get from these expensive training courses.
Honestly I HATE social media. YT is decent for stuff to watch but the rest is disgusting. A lot of this BS is why 12-25 year olds think that (men) specifically should be millionaires… like ALL of us! It just cannot happen, the world doesn’t work that way! I’m 31 and am actually amazed at how, back in 2010 when I was 18.. this crap was MUCH less relevant, and young people were not expecting to be rolling in cash. It has helped in the major decline of society, and especially relationships… even at my age women somehow believe if you don’t earn DOUBLE OR MORE of her or the next guy, you’re a no go! It’s pathetic!
Oh it's easy to be a "millionaire", just go to somewhere like Vietnam, many people there are multi millionaires 😂 (for context 1 dollar = 24 000 dong, so 1000000 dong = c. $42)
Thats because its probavly a motivational. I noticed this when i first started getting interested in investing my disposable income. All those self help books are like this. No subtance just telling you things you already know which is "invest" lol. I wouldnt have beein reading yout book if i didnt know investments was good. I now spend most of my time reading semi technical articles on investopedia or youtube video om specific terminologies.
I still love the book rich dad poor dad, it opened my eyes 4 years ago when I was 18, really did me very well. I am now a little bit less radical about traditional education but still no regrets
@@markcarey67only coffee is legit on this list, the rest are like Jake Tran. They pump out vids without researching much. Kiyosaki is an example of that.
Might be a good one to draw comparisons with Occupy Wall St - a genuine bottom-up reaction to an entrenched problem that falls apart because of a lack of / unwillingness to adopt leadership and a plan that doesn't alienate the people you need on your side.
The problem is not the fake gurus; it is the people falling for them to take shortcuts in life. Not impressed by their losses. They've learned their lessons and that there is no shortcut to success.
Sure, but at the same time, it is still fraud and they need to be stopped. The watch guy, for example, just plain stole people's watches when they had every reason to believe that it was a valid business
I got roped into Amway when I was 20. I think I still have some products I never used... I'm now 48. I still regret being so nieve that I didn't see through it for 2 years.
There are books on how to win lotteries. If I found a surefire way to win lotteries, do you think I would tell anybody? I would keep my mouth shut and just keep winning the millions.
It often comes to ONE thing: if your business is successful you don’t need to teach how to do it. If you do then this is your real business. ITS ALL YOU NEED TO KNOW.
Fake reviews and manipulation have become the norm all over the internet. Companies are even suing people who post bad reviews, UA-cam shows plenty of cases. Lesson: stop leaving good reviews!! Companies already flooded their feed with their own reviews!
Wow, congratulations on your impressive :nvestment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making :nvestment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of :nvesting? Thanks for sharing your story!
@@สมรักษ์อินทร์ตา-ม7ฑ A great recommendation is Sarah Jennine Davis. Her basic information should probably be displayed when you search for her in your browser.
I've heard alot of things that makes me think that somebody doesn't understand how business works sometimes. Most successful people have failed multiple times before they finally figure things out.
I don’t know if my comment on your last fake guru video had any impact but I am glad that you covered Robert kiyosaki. I was surprised to hear about Kevin David because I am an Amazon seller and when his fake guru videos popped up I knew he wasn’t truthful to his viewers. Glad to know some of them got some punishment but really hope all of these people get put behind bars for ruining the countless number of lives of other innocent people. Dan Lok definitely deserves to be put behind bars first though.
'Yes. He knew I wss homeless. And he still came after me. ' 😅😅😅😅 that made me tear up laughing. Thieves are ruthless cold blooded heartless scumbags 😅😅😅
My parents were in Amway. They also have Rich Dad Poor Dad. Only today did I put the two together. Ie, book that says starting a small business will make you rich and happy, company that tricks you into working for them by thinking you're starting a small business.
rich dad, poor dad never said starting a small business makes you rich and happy, he said if you start a small business, you get taxed higher than an employee.......
Bah! Took me less than 2 years to go from knowing nothing about watches to educating myself on Horology, as well as the history of the Watch World. And that education came for free.
I remember reading his book, where he had all this training from his "rich dad" yet his first business (surfer wallets) FAILED!!! So, I didn't have much faith in his message after that.
*If anyone wants to be a millionaire or a billionaire do these four steps:* 1. Build a monopoly. 2. Pay low wages to your workers or overwork your workers. 3. Don't get caught by government regulators of underpaying, overworking workers and having a monopoly. 4. Bribe(Donate and gift) government official to keep or pass laws that are in your monopoly's favour. Then your done.
@@emperorofthereiwaera3583 if they can do something about it neither them or you are a monopoly. you could exploit your own workforce or you might not etc, it's not like it matters since you're just exploiting the public with your monopoly anyway so it's not like your pricing is connected to your costs.
Don't start me with Kiyosaki. My father bought like 20 of his books. When I grew up I only heard about him. And my dad new that most of stuff is written there is fiction... But still thought it's useful for motivation.
Rich dad poor dad is actually a really good book for beginners. It helps many get started with thinking if investing. Tax free wealth is also a really good book
actually for kiyosaki, you really just need to read his books, get the core part he's actually teaches, and use it to SUIT your needs, the guy has different sets of needs and wants compared to your ownself, do not depend on him for details, that's your responsibility, but aside from that take it with a grain of salt. key take: is basically don't idolize him, take his teachings and see if it works for you, if it doesn't try to modify it for yourself, tinker a bit, and if it doesn't work, then it's meh
To give him some credit, many successful people today grew up with Rich Dad Poor Dad.... Or at least have read some or many of his books that kinda formed a certain mindset.
The banking sector will likely continue attempting to address economic challenges by resorting to increased currency printing, and inflation may emerge as the subtle thief in this scenario.
I read "Rich Dad, Poor Dad," I did what he said to do, and I retired 10 years ago in my mid-40s. People might not like Robert Kiyosaki, but his plan worked for me!
Knowing what the fake gurus do also makes good gurus easier to recognize. They do not constantly upsell. They do not constantly promise success. They do not constantly boast about themselves. They are specific about each step of hard work involved.
😆 Exactly. There are no "real gurus" Truly successful business ppl are too busy running their businesses or enjoying the little free time they have. Anyone who's always trying to advise you on how to be ultra successful is just trying to make $$$ off you!@@mgmodp8966
They are so many sectors that you can decide to focus. How can a good guru give you detailed guides for success in every step? A business in manufacturing cannot suceed using the same steps for entertainment or education. The whole scheme falls apart so easily the moment you stop using feeling and apply any critical thinking.
Yeah but how do you find the good ones? Do you have any examples of reliable ones? I can't find any and it's hard to tell when looking online who's good and who's not.
@DarkGhostHacker Yup. Simon Sinek. He doesn't tell you the business side, you can pick that up by taking community College courses or online courses , tutorials. He shows you the human side, which is actually more important. Begin w his "Start With Why" video. That video alone launched his career. Best wishes 🙏
I had to read that Rich Dad Poor Dad book in grad school and I went to the first seminar before he tried to rope you into paying for extra ones. Once I saw it was no more than a sales pitch I left before it was even over.
2:35 My first term of business school, a classmate introduced me to a guy who was trying to sell me on a multi-level marketing scheme. I distinctly remember that when I would give him pushback on the vaugueness of the things he was saying that I was very "detail-oriented". Suffice to say, once I realised what was going on, I never spoke to either of them again.
Kiyosaki still speaks the truth of the matter even if it isn't the truth of himself. Learn from that and his mistakes. Other fake gurus don't even have failures that you can learn from.
I read some of Dan Lok’s books and his UA-cam. Great mindset ra ra stuff. But very few actual substance. Also, do realize copywriting and sales are very useful, especially since most of the Internet is written. There is a huge difference between learning from a practitioner snd learning from a fraud. He’s the latter.
Think about it. A guy on TV is constantly talking about gold and silver being the best investment you can make. And how he can hook you up with it before the big financial collapse. But if he really thought there was a big financial collapse coming, and physical gold and silver was the only thing you could hold to protect yourself from it, why wouldn't he be buying up all the gold and silver himself?
I never fell for any of these gurus just by asking "how"? and when I never get that specific answer I knew they are sending me to the lion's cage to see if I come out victorious or not.
Never knew about the lies of Rich Dad Poor Dad, but the book does sell a mindset that is helpful. The book basically tells you to minimize expenses, and to spend your time ruthlessly discovering new investment opportunities. The book basically says to buy things that produce passive income before buying anything that creates expenses. IMO the book was needlessly long, with a kernel of genuinely really beneficial wisdom that can completely change someone's mindset if they haven't already learned about assets.
The funny thing is that their die-hard fans(who are neck deep in their scams) will defend them viciously in the comments section of whatever post or article they're featured in with "He's in debt on purpose, that's his thing", or "oh you normies who don't understand his strategy", the funnier thing is that both the fans and their "gurus" are probably filing for bankruptcy at the same time LOL
This brings us to UA-cam itself. I get FLOODED with ads of fake gurus that say I should quit my job. Even while watching this video! UA-cam knows, but only cares about income from their ads. I questioned Google's Bard about this sketchy business. Bard tells me it is SO hard to filter these ads out. Its about algorithms etc... Bla bla bla. I actually feel humiliated that the algorithms say that I am a person who would step into this. Shame on you, Google/UA-cam. Vulnerable people need protection.
Some share it but it's so raw and uninteresting to alot of people.people online like some glamorous words.they don't like it as it is.thats why people find people like Alex hormozi boring 😅
While I agree that kyosaki is a grifter, do we really know that he is $1 billion in debt? If he truly is (I have a feeling he’s participated in apartment syndications with $1 billion in total debt), then it’s asset based. I think this claim is misleading in this video. Again, I don’t defend him, but I think it’s important to get the facts right.
@@alanserjeant4947 he is one of MC companies PROPERTY investors. They have a $2BB AUM. He Also has oil companies, gold and other commodities and an educational business.
@@poulwinther most of it didn’t do anything. Because it was locked in at a low rate. Some of his portfolio might have got exposed to it. But Ken McElroy (the guy who manages where he invests in real estate) is very conservative.
@@BrokTheLoneWolf I don't know what he says about mortgage types but he could still have plenty coming up for exposure, considering how long he claims to have been operating with no intention of paying down.
I only know Robert and RDPD was the first financial book I ever read. Whether the events happened is not important, cause the message itself is what's important and very true. I have applied those teaching to my life and as a young Teacher in South Africa I've realized that in our stuff room I'm the only one who is not crying about being broke 2 weeks after our salary.
I read Rich Dad Poor Dad once: it was a bunch of abstract fluff. I learned more from his shorter, summary videos on the ESBI, and his game, than I did from his whole book in general. Did Kiyosaki encourage me to be a businessman? Closest I got to an S was being a part time professional blackjack player for 6 years before I quit. An investor: initially I was in the 401K, but got out after Covid. Now I am invested in government bonds, and I am on the verge of home ownership. With that said, I have never been successful working in sales, because that requires some real people skills, that Kiyosaki has, but I don't.
Whatever kiyosaki did ,.. His book woke me up and inspired me never to go to college in the first place and for that alone i'm greatful! Not to mention the wealth journey! Perhapse he just got a bit arrogant and started biting on more than he can chew...
I was thinking the same thing I don’t agree with what Kiyosaki is doing now but his assets vs liabilities point in the book was completely correct and a few other points he made helped me a lot. So for that I’m very happy.
@@vitalybilo enjoy the lessons and apply whatever is useful. no need to follow everything by the book, pun intended. The only thing questionable is having ties with that crypto bs. That's a big no-no.
@@bladezx4880 Lol tell it to every billionaire in the country... This elon musk guy along with Former president Trump with world's largest asset manager all must be pretty stupid...
When I asked a guy who was 11 million in debt, due to a business deal, if he felt panicked and worried, and he said No, what's the worst that can happen.... I realised it's just a very different mindset...I couldn't owe anyone anything.
Go to www.piavpn.com/Moon to get 83% off Private Internet Access with 4 months free!
Curious if you have anything to share about Brian Rose and his old pal Dan Peña ?!!
Dude I seen people grifting off your name with titles like should you trust moon. I wish I would have captured it. It has been a popular thing for untalented creators to do lately. Go attack someone else creating similar content.
There’s a truck driver shortage not only because of AI but how the companies are treating drivers
DUDE RELAX too many uploads give us a moment to digest your video before you burn out
@@YoKnow haha, are you unaware that moon has stolen scripts from other channel's videos word for word?
If someone charges you $5000 for a talk on how to get rich… you know how they got rich.
And if they charge $100,000 you have to think even less
😂
And this goes for ALL such pitches, even "free" ones. When I was in my early 20's, new to investing, I went to a dinner where the bait was a free steak dinner at a very decent local steakhouse, and you watched a pitch by their fund while you ate.
It was a very high load mutual fund, pitching their long term performance.
So I did some reading, and learned that they charge retail investors a WHOPPING 9.3 percent load on the purchase of their funds (which you never get back) AND they charge ALL the normal expenses stock mutual funds charge every year.
So my initial question was "Why do I want to pay THESE clowns 9.3% for them to do marketing ON TOP OF all the other fees?"
Well, of course, there is no advantage to doing so, but 43 years later, high load mutual funds with such sales pitches STILL exist. Also, VERY expensive funds with VERY high annual fees also still exit. American Express funds comes to mind charging a good TEN times what Vanguard charged, when I checked for a friend in the mid-90's. Not better service or performance, just 10X higher annual fees.
You are the product.
You'd think that red flag would be impossible to ignor, yet some people still don't see it!
No one will sell their golden egg laying goose to you, and if they do, then you’re the goose that lays their golden eggs.
Quite eye-opening!
Yes, there's no such thing as an honest free lunch ...
Or it was a goose laying golden eggs but it's just no longer working
🔥🔥🔥🔥🔥✍️
So true.
Anyone who wants to sell you their success, doesn't have it.
Anyone who tells you to buy certain stocks now, are in the process of selling theirs. Any advice you get for free, there's no such thing as a free lunch, it's always a book they're selling you, every advice you get on youtube has a sponsor, there's ALWAYS a catch. And the reason they still exist, is because you do. There's always a new sucker born, and it will always be a profitable business with all the dreamers out there, willingly parting with their hard earned cash - for a dream!
Spot on!
Spot on!
Spot on!
💯
"EVERONE CAN ACHIEVE THEIR DREAM! Buy my book to know the secrets."
Reality: maybe around 10% achieve their dreams, while the rest have to learn how to survive.
Even as a kid i was always sceptical about gurus selling their methods of getting rich. I asked myself if i knew how to get rich why would i give up the secrets and create more competition for myself.
You're smart for thinking about that.
There are also books on how to win lotteries. If I found a surefire way to win lotteries, do you think I would tell anybody? I would just keep my mouth shut and just keep winning the millions.
Exactly. For people to qualify as rich, other people have to qualify as poor so it is impossible that getting rich could be taught to others and that if we're not rich it's that we have not put in the effort.
@EnnVee959 This is not true at all. That implies everyone is rich in the same way. People can be rich AND Customers of other people.
same way if you knew a method on how to get girls easily 🤣
My dad quoted the Rich Dad Poor Dad all the time, and I just silently sat back and thought if rich people tell more poor people how to be rich, there will be less rich for the rich, so why would they do that…?
I was like, 12 I think. And I was a pretty dumb kid too.
Read RDPD first you would get what your father was telling
@@blockmaster509😂 no self help books
@@Werewolf.with.Internet.Access You were smarter than most
Think about it if every was rich and financially secure there would be no one for the once small 1%of rich people to control and manipulate.
@@lunacresentmoon yes but that moronic book isn’t gonna make anyone financially secure other than the writer. Capitalism is the problem not the fix
people usually only fall for scammers when they are desperate and sadly our current economy is creating a lot of desperate people.
Very apt comment, interesting how few people liked it.
@@lordjim3109that's how UA-cam, the internet, and society in general is. This truth that was shown won't get any attention and recognition.
The opposite of it will.
Scammers have existed since the dawn of time. It's not a new phenomenon, and the global economy is more prosperous than it's ever been.
@@MayTheSchwartzBeWithYoutrue words. People who never educate themselves then fall for the oldest trick, keep following the mobs to death even. History is there, shit just keep on happening again and again.
No, it's because they don't think for themselves. Don't be stupid and a sheeple, educate yourself, knowledge is free. It's effort and connection that is not.
They make all their millions from people buying their books on how to make millions
So telling that this obvious observation got only 3 likes.
Obviously
9:24 a civil engineer. Someone that intelligent should know better then to be so guillable to fall for these get rich scams.
There is only one thing to it. Do something other people want and are willing and able to pay for. Do it before other people can offer this product or service.. Or create a barier to entry for competitors.
Thats it you can pay me €4.400,- now thank you.
I download his book for free.
@@thijsjong what does your being a civil engineer have to do with it? You think it adds credibility to your claims like some badge of wisdom?
Cracks me up when fake guru videos are interrupted by ads for fake gurus.
Yeah, video full of ads AND almost two minutes long sponsor cut-in :D
I'm so sick of everyone that I used to watch being exposed for being an absolute waste of my time. The way I bought this mans book, listened to all these gurus, took notes, tried to implement them into my life, just for them all to be frauds. You cant trust the media, you cant trust these gurus, you cant trust anyone.
Yeah. You should especially be careful of people accused of committing plagarism.
5 Thus says the Lord:
“Cursed is the man who trusts in man
And makes flesh his [a]strength,
Whose heart departs from the Lord.
6 For he shall be like a shrub in the desert,
And shall not see when good comes,
But shall inhabit the parched places in the wilderness,
In a salt land which is not inhabited.
There is no right way. Just that the way was right at that time.
The infomation is cheap now. So education that offer no real use is worthless since most people now can see through BS.
There are many ppl you can trust and who will actually help you in life. But you'll never find them among the ones trying to constantly sell you a service, a product or a lifestyle. Ppl are naive enough to believe these sales ppl actually want to put out a good product to help others. You want to know what a selfless person actually looks like? Go look at medical staff who volunteer for non-profits. Look at the ppl who run those orgs, the legit non-profits.
The advice and information is most likely legit, they just took it from other people and books and try to sell it to their viewers but in the end if u watch the videos and learn from it dont feel bad, the world ain't black and white
This is why I always aim to be very transparent and ethical when I do business. The quick buck isn’t worth it when you are doing illegal stuff.
Trust is the currency in doing business?
I don't TRUST ANY of them, Including you, Moon😂😅😂😅😂😅
The moon is fake. It's a projection by reptiloid humans to make us believe that there is a moon to justify the existence of the sun and to test, whether we still comply with their reptiloid orders regarding moon cycles.
😂
😁agree, these youtuber cannot be trusted either, actually there is nothing wrong to listen to these guru's like kyosaki, however not everything they said is true, doesn't mean everything they say is false. But be smart guys, at the end of the day, it's all about what works for you or what's not.
I have a friend who becomes successful in his business because of kyosaki's book, but he also knew that everything can change, what works today may not work tomorrow, or what doesn't work for others may works for you, if you are in the right time and the right place.
You're quite right. Moon is selling a product just like all of them, it's just that the risk/rewards are very different. Moon is presenting himself as giving accurate, good advice, just as Kiyosaki and the others.
I went to one of Kiyosaki's events over 20 years ago. It was free and the advice was free. It was made very clear that at these events a small percentage would sign up for more. To me, it was completely obvious that Rich Dad was fiction, but regardless there's still a lot of good advice in it and it's largely about having the right mindset. I know someone who did extremely well through investing in property by following his and other similar investment "gurus". Investing didn't work out for me. At the end of the day it's a form of gambling.
I don't see enough people calling out Kiyosaki and his book. I read it in the middle of college. I had just gotten my first decent-paying job and wanted to learn how to manage finances. I remember when reading it thinking "great buy assets and not liabilities. Thanks captain obvious, but how do I do that?" and tossing it aside. I'm so so so glad I didn't get caught up in his BS. As someone who's become a lot more financially literate over the past couple of years, it absolutely breaks my heart to see people fall for these con artists and defend them in these comments. American education really needs to step it up on financial education.
@K.D.Sedits There aren't any assets that increase in value without a reason. Land increases value because it's a Ponzi scheme that steals from your own children and other people's children. When the government finds a way to stop the Ponzi scheme, your land will crash back down or even get confiscated.
He copied Carl Icahn's story/upbringing. You'll notice that if you look into Carl and draw the peculiar similarities to Robert's so called upbringing in his book. Fraud.
Yeah I hate that sh**..I wish I would have thrown it away, instead I kept looking for the "secret sauce" I thought Kiyosaki was sharing. Never found it.
For many people, it is not that obvious. I often hear the phrase "I invested in a new car". Therefore, this book could be an eye-opener, as it was for many people. But I would categorize it as a mindset book and not an investment book.
What is really hard is when so called reputable people add this book to their "must read list"...
Wealth is a mystery, but poverty is avoidable: 1. Study something useful in school, like engineering, CompSci, or nursing. Otherwise go to a tech or trade school. 2. Don't get pregnant until you get married, and don't get married until both of you get counselling. 3. Drive a small practical car. 4. Stay out of trouble, lawyers are expensive. 5. Control your spending. Do you NEED an overseas vacation or new iphone? 6. Get checkups and take care of your health. 7. Stay away from booze, gambling, and crazy women.
It's sad how quickly TED ruined their own image with random bs presenters
not random presenters....to much presenting.
Examples?
@@andrewcrowder4958 pick some random TEDx that they've promoted everywhere that includes everything from people saying you get cancer cause you didn't love yourself to 11 year olds trying to talk about gmos
@@andrewcrowder4958 Look at the one where there was a talk that said cancer was caused by not loving yourself enough or another one where some lady brought the guy who SA'd her to join her hallmark movie talk
@@andrewcrowder4958 Thordis Elva. Birke Behr.Tahira Kashyap. Theres 3
Narcissists with any notion of power and their cult of personality is the scariest thing I have ever seen, scares me most than any horror movie.
More scariest thing is amount of people bying on that
Exactly, and the two new best buddies are the scariest of all.
This guy uploads every like 2 seconds, I'm starting to think this guy's an AI, which means he's contributing to the AI takeove-
nah but fr
Yeah I'm suspicious too. 10+ videos per month is a LOT for video essays
could be possible, but this topic is so fruitful and easy to explore, its possible he just had this ready and was excited to create
Yeah
😂
"FAKE it till u make it" or just fake it till ur exposed lol
Fake it till you break it
@@dentelle2190 That one is a sex thing
@cowdudeYFGAfan duuuude I lveo yruo Diveos thei rokkkkcc
that’s what moon does. He rips off a bunch of other content creators by straight copy and pasting word for word.
@@mmmonkay I believe the comment was meant to be directed at Robert, but you’ve got my attention. Go off Kaymon Islands
I've read the Rich Dad Poor Dad. It makes sense at a time but debt can easily turn into bad debt. Especially if you have no other stream of income to pay it out.
When you leverage you're just gambling. It can pay off, think about the people that bought rental real estate starting around 2009. Or you could have been the guy doing it in the early 2000s.
It's depressing for us because we slave away our lives for the rich
Stupid book waste of time, written by a stupid person. Fake
It's a fun little book for motivation but the more you learn about investing the more you realise most of RDPD is nonsense.
@@monkey39128 there’s no solid content - just a bunch of fluff. All to sell his overpriced board game that still doesn’t teach you anything
Trucking will never die or slow down. The problem is, the low barrier of entry & this attracts scammers and bad business people
Its the rich dad poor dad guy that has me laughing. I remember him parading around like he was some big deal.
When I started studying finance and accounting you kind of realize how full of crp he is. I used to believe this guy. I even bought his book. He gives general good business advice, but nothing complicated. His audience is for people who don’t know anything beyond business 101 and sales fanatics.
I guess his cans of tuna got expired😅
He s the same,he s not got a real business ,only sells his books,another bs
I remember years ago investigative journalists backed the Rich Dad guy into a corner and he admitted the entire work is fiction.
Robert is such a fraud 😂not even in a smooth savvy way- blatant lies
Lmao my dad is a reader of his worked and even told me to read it. I knew pretty quickly that it was bullshit when he was saying that he and a friend as children with household appliances attempted to smelt coins, because the equipment required to do that safely could in no way be within the reach of two poor kids without the molten metal searing a hole into one of them.
Richard Kimi is his real Rich dad. It’s all documented. Even in his obituary the family mentions him. Yall are making excuses for being broke. Alan Kimi is “Mike” in the book. The family did not want Robert mentioning them by name out of privacy otherwise they’d sue. All a “rich dad” is is a mentor. It was his first mentor. So stupid.
@@joshuakim5240 right! They collected lead toothpaste tubes and melted the lead into Nickles. 🧢
You got a reference or something for it ? I'd love to see that conversation 😁
you can get more from a $10 used book than paying a smooth talker $10k to attend a seminar.
I discovered that too. A paperback book printed on very cheap paper has more valuable information than these nice glossy books you get from these expensive training courses.
100 bucks in used books is a ton of knowledge
Honestly I HATE social media. YT is decent for stuff to watch but the rest is disgusting. A lot of this BS is why 12-25 year olds think that (men) specifically should be millionaires… like ALL of us! It just cannot happen, the world doesn’t work that way! I’m 31 and am actually amazed at how, back in 2010 when I was 18.. this crap was MUCH less relevant, and young people were not expecting to be rolling in cash. It has helped in the major decline of society, and especially relationships… even at my age women somehow believe if you don’t earn DOUBLE OR MORE of her or the next guy, you’re a no go! It’s pathetic!
Ur pathetic excuses won’t change the fact that ur broke and no one respects u
Greed my friend. Greed.
Oh it's easy to be a "millionaire", just go to somewhere like Vietnam, many people there are multi millionaires 😂
(for context 1 dollar = 24 000 dong, so 1000000 dong = c. $42)
There are a lot of fake gurus spreading on YT too....
It's only going to get worse .
This reminds me of a famous person who said something like 'What does it profit a man if he gains the world, but loses his soul?'
Jay Shetty.
Hahaha
The bible
The amount of trading ads I got while watching this
Honestly, I learnt nothing out of "Rich Dad Poor Dad". I never saw anything concrete or applicable practically. after reading 30 pages, I quit it.
I think the same, iv read all of it
Thats because its probavly a motivational. I noticed this when i first started getting interested in investing my disposable income. All those self help books are like this. No subtance just telling you things you already know which is "invest" lol. I wouldnt have beein reading yout book if i didnt know investments was good.
I now spend most of my time reading semi technical articles on investopedia or youtube video om specific terminologies.
it teaches you to invest in real estate i guess idk
@@dv9239 don't invest there. Invest on gold instead especially on today's inflammation paranoia.
@@dv9239😂😂😂Exactly I don't know either
I still love the book rich dad poor dad, it opened my eyes 4 years ago when I was 18, really did me very well. I am now a little bit less radical about traditional education but still no regrets
This should be made into a Netflix documentary to expose these absolute scumbags.
We don't need a Netflix doco, we have Coffeezilla, Moon and Cold Fusion
I have read several Kiyosaki books and there is a lot of financial wisdom in them. He doesn't belong on this list.
@@markcarey67 Exactly keep the exposing separated from corporate media else it will slowly lose its validity.
@@markcarey67is it "cold" or is the name "cold Fusion" ? Irdk
@@markcarey67only coffee is legit on this list, the rest are like Jake Tran. They pump out vids without researching much. Kiyosaki is an example of that.
"For riches certainly make themselves wings; they fly away as an eagle toward heaven."
Some human things are timeless.
These video is so important!! Vulnerable people get exploited on the internet by genuine scammers. Thank you for helping to protect folks!
But there is something very appealing about these people, I don't know how it can ever be prevented.
These guy are just like the TV preachers they promise you heaven as long as you pay them.
Moon I'm surprised you haven't done a video on the Just Stop Oil Cult. Seems like something up your alley.
We need a video on them
Sounds like a group Soros would fund.
@Moon-Real Up
Might be a good one to draw comparisons with Occupy Wall St - a genuine bottom-up reaction to an entrenched problem that falls apart because of a lack of / unwillingness to adopt leadership and a plan that doesn't alienate the people you need on your side.
Heard they were wef paid actors. Makes sense.
Kierra Henderson was so successful that we now have a trucking shortage! Way to go Guru!
How to end up being a millionaire from the trucking business...start as a billionaire 😁
@@spudgun1978 🤣🤣🤣
Could you fill me in? What are you talking about?
The problem is not the fake gurus; it is the people falling for them to take shortcuts in life. Not impressed by their losses. They've learned their lessons and that there is no shortcut to success.
Some people never learn.
Sure, but at the same time, it is still fraud and they need to be stopped. The watch guy, for example, just plain stole people's watches when they had every reason to believe that it was a valid business
It’s both
I got roped into Amway when I was 20. I think I still have some products I never used... I'm now 48.
I still regret being so nieve that I didn't see through it for 2 years.
you were 20. Dont be so hard on yourself.
Channels like Moon, Spencer and Coffee are doing fantastic work to expose these scammers. Keep it up 💪🏼
I started a similar channel exposing smaller scale scandals and frauds. Would love if you could check it out!
This dude is just copying other peoples work
@@suprempuk the more people who spread this info the better
Also James Jani, VangelinaSkov
Spencer has fallen from grace..
From Fake Gurus to Fake Gurus gone broke, nice Moon 😂
Banks are the only industry that cannot go broke and always has been bailout by tax payers, and Robert has been saying this for a long time.
Moon is a fake guru at this point
There are books on how to win lotteries. If I found a surefire way to win lotteries, do you think I would tell anybody? I would keep my mouth shut and just keep winning the millions.
It often comes to ONE thing: if your business is successful you don’t need to teach how to do it. If you do then this is your real business. ITS ALL YOU NEED TO KNOW.
Those who can do, those who can't teach.
"Not my problem" - Poor-Rich-Daddy.
A real Billionaire have nothing to sell you....🙄🙄🙄🙄
the rich will never tell the poor how to be rich bc without the poor the rich wont be rich
The poor always subsidize the rich. It's a fact of life.
well, the saddest part is.. it is a fact! The rich becomes richer because of the poor
FIling for bankruptcy is often a deliberate move to pay less taxes or even no taxes at all employed by the rich. You should do research about that.
Possibly mostly but it is mainly a way to get out of your paying your lawful debts and enjoying the benefit of starting over.
Fake reviews and manipulation have become the norm all over the internet. Companies are even suing people who post bad reviews, UA-cam shows plenty of cases. Lesson: stop leaving good reviews!! Companies already flooded their feed with their own reviews!
Thank you for recommending Sarah Jennine Davis on one of your videos. I reached out to her and :nvesting with her has been amazing.
Wow, congratulations on your impressive :nvestment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making :nvestment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of :nvesting? Thanks for sharing your story!
Do you mind sharing info on the adviser who
assisted you? I'm 39 now and would love to
grow my portfolio and plan my retirement
@@สมรักษ์อินทร์ตา-ม7ฑ A great recommendation is Sarah Jennine Davis. Her basic information should probably be displayed when you search for her in your browser.
@@Elijah-e6vHow do I access her ? I really need this
+156
I've heard alot of things that makes me think that somebody doesn't understand how business works sometimes. Most successful people have failed multiple times before they finally figure things out.
No
I don’t know if my comment on your last fake guru video had any impact but I am glad that you covered Robert kiyosaki. I was surprised to hear about Kevin David because I am an Amazon seller and when his fake guru videos popped up I knew he wasn’t truthful to his viewers. Glad to know some of them got some punishment but really hope all of these people get put behind bars for ruining the countless number of lives of other innocent people. Dan Lok definitely deserves to be put behind bars first though.
The quality of these videos is insane. Love your editing style!
Eyo where do ur name be
Bot
That bit has a shit ton of subs
@@bestwesterner Yea its probably a bought account
Bought Bot
With so many fake gurus i do wonder if there are actual legit financial gurus
yes your accountant whom you hire to do taxes or the bank manager
Jordan Welch maybe
Yeah i suppose already calling one self a guru is enough to raise red flags@@RazorRamonMachismo
The good gurus are the families and friends and all the others that are going trough the fire, and share the experience with you.
John T Reed
'Yes. He knew I wss homeless. And he still came after me. ' 😅😅😅😅 that made me tear up laughing. Thieves are ruthless cold blooded heartless scumbags 😅😅😅
My parents were in Amway.
They also have Rich Dad Poor Dad.
Only today did I put the two together.
Ie, book that says starting a small business will make you rich and happy, company that tricks you into working for them by thinking you're starting a small business.
Always is bad, for sure, but Kiyosaki specifically says not to be a small business. For example, look at his book Cashflow Quadrants. Very insightful.
It's also the other way around, since Amway and many other pyramid schemes use Kiyosaki's quotes and figures to "recruit" new people into them.
rich dad, poor dad never said starting a small business makes you rich and happy, he said if you start a small business, you get taxed higher than an employee.......
you mean you get taxed lest then a employee@@nunyabz9494
@@nunyabz9494 then why doesn't Buffet pay more tax ?
I stopped listening to robert kiyosaki when he said his ex-wife was his best friend.
I bet that you are andrew tate sucker....! 😂 BS red pill 💊
😅
😅
Wasn’t she the mother of his children though? Trump stayed close to his first wife because of the children they raised together
@@user29024u won't get it
“If Anthony looks down at his watch he’ll see his time is up” lmfao 😂 that was pretty good
Didn't understand this one. Wasn't it 20 years? It's definitely not "up" yet...
Bah! Took me less than 2 years to go from knowing nothing about watches to educating myself on Horology, as well as the history of the Watch World. And that education came for free.
I remember reading his book, where he had all this training from his "rich dad" yet his first business (surfer wallets) FAILED!!! So, I didn't have much faith in his message after that.
thanks for including me! great video
Dude, you’re one of my favorite Tubbers. Keep fighting the good fight 🫡
I didn't see you. I love scammers 😢
I subscribed to your channel 2019
The grifter defender! 😅
*If anyone wants to be a millionaire or a billionaire do these four steps:*
1. Build a monopoly.
2. Pay low wages to your workers or overwork your workers.
3. Don't get caught by government regulators of underpaying, overworking workers and having a monopoly.
4. Bribe(Donate and gift) government official to keep or pass laws that are in your monopoly's favour.
Then your done.
5.???
6.profit!!!!
if you can manage 1 the rest become fairly redundant.
@@lasskinn474 That's if you don't anger other monopolies
@@emperorofthereiwaera3583 if they can do something about it neither them or you are a monopoly.
you could exploit your own workforce or you might not etc, it's not like it matters since you're just exploiting the public with your monopoly anyway so it's not like your pricing is connected to your costs.
So you think the way to get rich is by being illegal
Don't start me with Kiyosaki. My father bought like 20 of his books. When I grew up I only heard about him. And my dad new that most of stuff is written there is fiction... But still thought it's useful for motivation.
On top of that, The ONLY good advice Kiyosaki gives is his first book, and the Rat Race board game. All the rest is shite.
Rich dad poor dad is actually a really good book for beginners. It helps many get started with thinking if investing.
Tax free wealth is also a really good book
@@Panda_J1 Yep, so only 2% of what Kiosaky teaching is good. This only book.
I'm a self made millionaire because of his books, you have to actually apply what you read, not just read them and expect to become a millionaire.
@@brittanycunningham787 Yea yea millionaire waste there time on youtube ... of course.
When the first day of Robert’s seminar is how to increase your credit card limit to pay for his course. Warning. Videos on line.
In Vancouver
actually for kiyosaki, you really just need to read his books, get the core part he's actually teaches, and use it to SUIT your needs, the guy has different sets of needs and wants compared to your ownself, do not depend on him for details, that's your responsibility, but aside from that take it with a grain of salt. key take: is basically don't idolize him, take his teachings and see if it works for you, if it doesn't try to modify it for yourself, tinker a bit, and if it doesn't work, then it's meh
To give him some credit, many successful people today grew up with Rich Dad Poor Dad.... Or at least have read some or many of his books that kinda formed a certain mindset.
Tbf yeah
He’s still legit but not solid anymore with the additions of Amway and Crypto
You're kidding. Right?
To be honest. Rich Dad and Poor Dan changed my mindset and make my economy better.
I’ve loved your videos for a long time and you haven’t decreased in quality the more popular you get. Incredible
The essence of the banking sector: Whoever controls the debts, controls everything!
Banking sector will just keep trying to print their way out and inflation becomes the sneak thief
The banking sector will likely continue attempting to address economic challenges by resorting to increased currency printing, and inflation may emerge as the subtle thief in this scenario.
China got into this game too, giving loans to poor countries and getting their ports as payment
the banks just handle cash (and sometimes gold or silver). It's the Federal Reserve that controls the debt in most cases.
Great content as always! Thanks, Moon! Your channel is A goldmine of INFORMATION.
I read "Rich Dad, Poor Dad," I did what he said to do, and I retired 10 years ago in my mid-40s. People might not like Robert Kiyosaki, but his plan worked for me!
Knowing what the fake gurus do also makes good gurus easier to recognize. They do not constantly upsell. They do not constantly promise success. They do not constantly boast about themselves. They are specific about each step of hard work involved.
this sounds exactly like what a fake guru would tell you
😆 Exactly. There are no "real gurus" Truly successful business ppl are too busy running their businesses or enjoying the little free time they have. Anyone who's always trying to advise you on how to be ultra successful is just trying to make $$$ off you!@@mgmodp8966
They are so many sectors that you can decide to focus. How can a good guru give you detailed guides for success in every step? A business in manufacturing cannot suceed using the same steps for entertainment or education. The whole scheme falls apart so easily the moment you stop using feeling and apply any critical thinking.
Yeah but how do you find the good ones?
Do you have any examples of reliable ones?
I can't find any and it's hard to tell when looking online who's good and who's not.
@DarkGhostHacker Yup. Simon Sinek. He doesn't tell you the business side, you can pick that up by taking community College courses or online courses , tutorials. He shows you the human side, which is actually more important. Begin w his "Start With Why" video. That video alone launched his career. Best wishes 🙏
People: How tf do you end up over a billion in debt?
United States: _Sweats Nervously_
Isnt the U.S something like 30+ trillion in debt?
@@123123boobiesyep yet people are not mad
Purchasing a lot of real estate and stocks with very little down?
Imagine when people just use only AI to create “followers” to say look at how many people are “successful….”
I had to read that Rich Dad Poor Dad book in grad school and I went to the first seminar before he tried to rope you into paying for extra ones. Once I saw it was no more than a sales pitch I left before it was even over.
2:35
My first term of business school, a classmate introduced me to a guy who was trying to sell me on a multi-level marketing scheme. I distinctly remember that when I would give him pushback on the vaugueness of the things he was saying that I was very "detail-oriented". Suffice to say, once I realised what was going on, I never spoke to either of them again.
Kiyosaki still speaks the truth of the matter even if it isn't the truth of himself. Learn from that and his mistakes. Other fake gurus don't even have failures that you can learn from.
I read some of Dan Lok’s books and his UA-cam. Great mindset ra ra stuff. But very few actual substance.
Also, do realize copywriting and sales are very useful, especially since most of the Internet is written. There is a huge difference between learning from a practitioner snd learning from a fraud. He’s the latter.
Think about it. A guy on TV is constantly talking about gold and silver being the best investment you can make. And how he can hook you up with it before the big financial collapse. But if he really thought there was a big financial collapse coming, and physical gold and silver was the only thing you could hold to protect yourself from it, why wouldn't he be buying up all the gold and silver himself?
Great content. Thank you.
I never fell for any of these gurus just by asking "how"? and when I never get that specific answer I knew they are sending me to the lion's cage to see if I come out victorious or not.
The old adage: " A sucker is born every minute"
never trust anyone who is constantly touring and charging hundreds of dollars for their programs
@@tanguman2 Correct. At some point you gotta ask yourself: “Other than giving talks, WTF do these guys actually do?”
they're all just fancy thieves
Never knew about the lies of Rich Dad Poor Dad, but the book does sell a mindset that is helpful. The book basically tells you to minimize expenses, and to spend your time ruthlessly discovering new investment opportunities. The book basically says to buy things that produce passive income before buying anything that creates expenses. IMO the book was needlessly long, with a kernel of genuinely really beneficial wisdom that can completely change someone's mindset if they haven't already learned about assets.
2:26 "Mini-Kiyosakis" sound like a type of motor-scooter.
these gurus make lying almost seem ethical. Such sad and pathetic people
Kiyosaki is just a modern-day Napoleon Hill... bullsh*tted his way to the "top" and keeps bullsh*tting to hang in there.
💯
The funny thing is that their die-hard fans(who are neck deep in their scams) will defend them viciously in the comments section of whatever post or article they're featured in with "He's in debt on purpose, that's his thing", or "oh you normies who don't understand his strategy", the funnier thing is that both the fans and their "gurus" are probably filing for bankruptcy at the same time LOL
😂
Booomer version of the crypto/NFT bros
This brings us to UA-cam itself. I get FLOODED with ads of fake gurus that say I should quit my job. Even while watching this video! UA-cam knows, but only cares about income from their ads. I questioned Google's Bard about this sketchy business. Bard tells me it is SO hard to filter these ads out. Its about algorithms etc... Bla bla bla. I actually feel humiliated that the algorithms say that I am a person who would step into this. Shame on you, Google/UA-cam. Vulnerable people need protection.
This video is incredibly informative. Thank you!
I've realized that those who have great financial advice never share it.
Some share it but it's so raw and uninteresting to alot of people.people online like some glamorous words.they don't like it as it is.thats why people find people like Alex hormozi boring 😅
Too right. Those who can teach, don't. They're too busy doing.
hormozi is just another sleazebag fake guru. You are gullible! @@robinsonhelela8231
Thank you.
@@someopinionateddirt6561 Correction: Those who can't do it are the ones who teach it.
While I agree that kyosaki is a grifter, do we really know that he is $1 billion in debt? If he truly is (I have a feeling he’s participated in apartment syndications with $1 billion in total debt), then it’s asset based. I think this claim is misleading in this video. Again, I don’t defend him, but I think it’s important to get the facts right.
Yes. Whole vid is misleading. One might even say Moon is a grifter.
When Kiyosaki says he’s a billion in debt, he’s referring to leverage on his real estate. 🤦🏻♂️
Then the other side of the ledger should show "assets". Does it ??
@@alanserjeant4947 he is one of MC companies PROPERTY investors. They have a $2BB AUM. He Also has oil companies, gold and other commodities and an educational business.
What happened with that billion when interest rates went up a factor of ten?
Did he remember teaching about that risk?
@@poulwinther most of it didn’t do anything. Because it was locked in at a low rate. Some of his portfolio might have got exposed to it. But Ken McElroy (the guy who manages where he invests in real estate) is very conservative.
@@BrokTheLoneWolf I don't know what he says about mortgage types but he could still have plenty coming up for exposure, considering how long he claims to have been operating with no intention of paying down.
I remember watchin a Show call the Real Hustle, where it said that that if its too good to be ture, it usually is.
I only know Robert and RDPD was the first financial book I ever read. Whether the events happened is not important, cause the message itself is what's important and very true. I have applied those teaching to my life and as a young Teacher in South Africa I've realized that in our stuff room I'm the only one who is not crying about being broke 2 weeks after our salary.
I read Rich Dad Poor Dad once: it was a bunch of abstract fluff.
I learned more from his shorter, summary videos on the ESBI, and his game, than I did from his whole book in general.
Did Kiyosaki encourage me to be a businessman? Closest I got to an S was being a part time professional blackjack player for 6 years before I quit.
An investor: initially I was in the 401K, but got out after Covid. Now I am invested in government bonds, and I am on the verge of home ownership.
With that said, I have never been successful working in sales, because that requires some real people skills, that Kiyosaki has, but I don't.
Whatever kiyosaki did ,..
His book woke me up and inspired me never to go to college in the first place and for that alone i'm greatful!
Not to mention the wealth journey!
Perhapse he just got a bit arrogant and started biting on more than he can chew...
I was thinking the same thing I don’t agree with what Kiyosaki is doing now but his assets vs liabilities point in the book was completely correct and a few other points he made helped me a lot. So for that I’m very happy.
@@StephGoKrazyYep sad to see him go this route. His teaching were valuable.
@@vitalybilo enjoy the lessons and apply whatever is useful. no need to follow everything by the book, pun intended.
The only thing questionable is having ties with that crypto bs. That's a big no-no.
@@bladezx4880 Lol tell it to every billionaire in the country...
This elon musk guy along with Former president Trump with world's largest asset manager all must be pretty stupid...
Recently India has also seen many rise of fake gurus .a good topic to cover
Rich dad poor dad is a solid book. Genuinely I learnt a lot. But what I did is found the audiobook free version which is bootlegged lmao
When I asked a guy who was 11 million in debt, due to a business deal, if he felt panicked and worried, and he said No, what's the worst that can happen.... I realised it's just a very different mindset...I couldn't owe anyone anything.
you borrow 200,000 from the bank and you can't sleep at night, you borrow $ 1 Billion from the bank and they don't sleep at night
This got a few names I was curious hadn't made it into your last one.
Am still waiting to see Dan Pena on the next!
Billionaires dont go to Nairobi to talk about getting rich in an economy they have no experience in. That's how I knew Kiyosaki was a joke.
I don’t really look at RDPD as a “financial book”, I see it more as a book for changing perspective
When everyones digging for gold be the man selling shovels