Rich Dad Poor Dad Summary (Animated)
Вставка
- Опубліковано 3 чер 2017
- Rich Dad Poor Dad by Robert Kiyosaki Animated Book Summary. Learn about how Robert Kiyosaki was raised by two dads, one was called poor dad and the other was called rich dad who taught him how to get rich.
► Get Rich Dad Poor Dad for FREE with Audible Free Trial - www.audibletrial.com/JrjL02
► Watch Next: Think & Grow Rich Summary (Animated Series):
• THINK & GROW RICH Summ...
Subscribe with the Bell Notification so You Don't Miss Out on the Next Videos - ua-cam.com/users/chronicleli...
Chronicle Living on Social Media:
Instagram - / chronicleliving
Twitter - / chronicleliving
Facebook - / chronicleliving
#richdadpoordad #robertkiyosaki #chronicleliving
This Rich Dad Poor Dad video was summarized and explained using simple fun animations that will show you visual lessons of what the book teaches!
------
This video has subtitles available in:
English, Hindi, Spanish, Arabic, German, Albanian, Vietnamese, Chinese (Simplified), Swahili, Hebrew, Indonesian, Malay
------
MUSIC CREDIT:
Majestic Hills by Kevin MacLeod is licensed under a Creative Commons Attribution license (creativecommons.org/licenses/...)
Source: incompetech.com/music/royalty-...
Artist: incompetech.com/
Big Screen by Silent Partner
The Story Unfolds by Jingle Punks
Hero's Theme by Twin Musicom is licensed under a Creative Commons Attribution license (creativecommons.org/licenses/...)
Source: www.twinmusicom.org/song/280/h...
Artist: www.twinmusicom.org
Restless Natives By Doug Maxwell/Media Right Production
------
DISCLOSURE: This video and description contain affiliate links, which means that if you click on one of the product links, I’ll receive a small commission only when you make a purchase at no extra cost for you. This helps support the channel and allows us to continue to make videos like this. Thank you for your support!
DISCLAIMER: All information and data on this video are for informational purposes only. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.
This video is copyrighted by Chronicle Living. Therefore any unauthorized copying and use of the work constitute copyright infringement.
If you really enjoyed this video, I have a feeling you’ll enjoy this one too!
➔ ua-cam.com/video/g__QIBiJz60/v-deo.html
Also! Thank you for letting me know Kiyosaki and Hilo was pronounced wrong in the video. It’s pronounced “KEE-yosaki” and “HEE-low”
Great video. I subscribed!
The animation was good even if I don’t like the superficiality of the book.
I appreciate your honest opinion!
Chronicle Living great vid mate 👍🏼 kip it up
key-o-saki not kai-o-saki... but great vid bro
Money does't buy happanies , but poverty does't buy anything
brandon osamba you stole that comment also
money *can* buy you happiness *because* you can buy a -prostitute- pet
I think what actually brings happiness is having enough money to the point where it isnt a stressor and you dont have to think about it money doesnt always bring happiness though because money is not what makes life worth living people, your relationships are what make this whole adventure worthwhile and maybe your job as well if you find purpose from it and see it as a way of improving others lives ( which goes back to relationships because it deals with your realationship to your community and the people in it)
@Realistic Man but eventually when you have bought everything you ever wanted you will question weather your friends like you for you or your money and weather you would have a beautiful wife if you did't have that money
@Realistic Man you will feel empty and lonly if you have that mentality
@Realistic Man statistics show that after making 70k a year your happanies Plato's and over 300k a year it goes down.
Money doesn't buy happiness, it buys the freedom to go find it.
Money is happiness
Wtf does that have to do with anything of the video
Had a girl told me she was in love. I drop her out my circle.
Money may or may not make you happy but it gives you freedom. Ofcourse freedom makes you happy but it's upto you what you do with that freedom.
you can't buy happiness,because you have no money
I started reading this book because I was so intrigued by how he had two dads
lmao
🤣
same🤣
Same I was like
Are they a gay couple or?
@@DavidHowe-nv1nb no
Dont chase being rich, it will only bring unhappiness.
Chase having enough passive income to be financially independent
i cahse my dog when he runs with ball ahahaa
- kurt
To some people that is being rich!
That isn't right. It can bring happiness.
@@thefuturespast5981 Yeah I hate when people say that enough money can't bring happiness. For alot of people, it can. Lol
@@JJTheFoodie Money won't always bring happiness, but it will make it a whole lot easier.
If you’re reading this I pray you become successful 🙏🏽💚
Likewise brother 🔥💪
yungrj thx same for you
Amen 💪🏻
nathan perez thanks fam
Tritega ❤️🔥
You don't get rich if you only watch this video. You must take an action.
r/juststart
Do some people honestly not know the information presented I mean honestly this is super basic stuff
who told you you will get rich by just watching this video.the purpose of this video is for you to learn.and put into action stupid.
@@frontofficesupervisors5792 I said you must take an action. 😀 you will not be a millionaire watching videos 😀.
@@frontofficesupervisors5792 Holy shit, that's EXACTLY what he said 😒
Read this book just now at 15, I’m going to come back in 5-10 years and share my knowledge
Good luck buddy
@ me too please, im 16 rn and worked 6 months for 3k€, cya in 5-10 years! :D
@@MaybeKian make that money bro 💰
Hope you’ll succeed
kuch ni ukhad pay ga tu
Just like Robert said: "There is a difference between being poor and being broke. Broke is temporary. Poor is eternal.”
You can only be broke when poor and poor when broke. Its the same. Think for yourself, it helps.
It sounds all fluffy but if you're broke, you're not rich. You're also poor.
I read this completely by accident: "money doesn't buy happiness, but I've been rich and unhappy, and poor and unhappy. Rich is better". By a guitar method teacher.
So true. Our minds are very powerful. How we feed them - matters a lot.
When I was reading the book for the first time, I was hoping it would teach me how to find a rich dad.
Patrice Cheung lmoa
😂😂😂😂
on
🤣🤣🤣🤣🤣
😂😂😂🙌
After a zoom meeting with a business owner where we had a discussion about this book, this appeared in my feed. Thanks google for listening to everything. Damn the privacy. 😂😂
dude ahhahaha same here! xD kinda scared, kinda blessed lol
Haha.
My phone started telling me (outloud, from inside my pocket) about the health benefits of blueberries when my son told me that he wanted blueberry pancakes for breakfast.
this is all to much folks, I want off the grid
@@jwaxmcgeeg9706 too late, embrace the matrix 😂
fact:
Poor : are watching the video
Rich : are making the video
Excellent comment ;-)
Faxx
I am watching this video, to make a better version of this soon.
The reason the poor are watching is to learn things to make themselves rich
I'm watching this so i don't have to watch this in my 20's or 30's
When i was 18 my uncle (who is pretty wealthy) gave me this book to read and I learned a lot! Unfortunately I was too caught up in looking rich than being rich and I got into a serious amount of debt; credit cards, car, and a lot of medical bills. never wanted to pay anything. I knew I had to stop, I’m 25 now and only a few month into the Dave Ramsey plan I’m 100% debt free and I have lowered my expenses leaving me with money to save for a house and also invest. wish I started at 18...never too late
What kind of investents do you own? Like stocks? If so which ones?
Author : ""If you were to stop working ,how long will you survive on your remaining saving?'"
Coronavirus : well well well... i guess we will find out very soon 😏
Damn now it makes sense
underrated comment
Nice explanation.
Slick comment! 👍
Hmm! We can test it
I’d rather be miserable with money than miserable without money
I would rather be not miserable at all 😂 With or without money 😅
Money is not the only wealth out there. They say network is net worth. And heath is wealth too.
@@MindlessTube It's apparent you've either never had a large sum of money, or you've never felt true misery, my friend.
@@debiedebsielein3264 Well Said! A happy Heart is Medicine! Now 66 been homeless not on street though? Been penniless literally? Now Content neither broke nor Rich.
@@MindlessTube You can be EXTREMELY miserable with money if you undergo painful shit in life.
Ex:
You are rich enough to get whatever smartphone or electronic device you want, eat whatever you want, you want to have your own career but there is NO NEED to rush cuz your parents are gigantic money vaults.
BUT your parents go through heart surgeries, accidents, you get hurt? money can't shield you from that.
You are born in a toxic family, but you're scared that there is no one else to properly look after your parents. If you try to come clean and cut ties with your toxic family cuz they aren't changing their nature any time soon, you would get your share of the family heritage or whatever, so you won't end up broke. But one day when your parents desperately need someone's help to look after them cuz they're old, they won't let u help them cuz they're mad about how u once cut off ties with them. So u don't come clean, u distance yourself from your family cuz u don't want to experience their emotional torture 24/7, but u also want to take responsibility and look after them during their old age, cuz you love them.
It is more comfortable to cry in a mercedes than on a bicycle. But money can't "rescue" you from any emotional shit fam.
@@debiedebsielein3264 hi
"Learn how to use your emotions to think, not think with your emotions."
Eckhart Tolle: "Don't think, be"
I don't have a job or assets but I'm surviving lol
"if don't find a way to make money while you sleep, you will work until you die"
-warren buffett
You are so right on that one. Those are words I have lived by for 8 years now and looking forward to 100 more.
But what if you love the work you do and don't do it for the money?
Then you are a very rare person indeed. Congratulations to you Max Pill.
but that is just it Guss Ferretti you are missing the quote point. If you find a way to make money while you sleep you no longer have to work for it!! Money is only money it is neither good nor bad. It only becomes good or bad when we decide to make it that way. You choose to be happy or not. It really is all up to you. You can be happy and have money or you can be happy and not have money, but it is still your choice. Have a great day!
@Celtic Phoenix who stole the money?
Entire video boiled down into a few points:
1. Asset = something you OWN. Liability = something you OWE
2. Live on less than you make.
3. Amount of income is very important, but how you spend that income via assets or liabilities will determine your level of wealth (net worth).
4. Invest in income generating assets as soon as possible and as often as possible (stocks, bonds, real estate, etc.) to produce more income.
why no one talking about a real estate and property? It was main object in his book
@@tekiero Many find Real Estate daunting or too difficult. Buying Coca Cola today and having it compound in 20 years is extremely safe and easy to do, and it's better then spending that money on liabilities, which is what Robert is stressing, however that is also being to safe and fearful of loss of money. Basically you will find more people here that get his idea of building the asset column but still unwilling to go big. So they will choose the stock market for example.
Keep it simple though. You will become rich if you produce goods that people want like coffee, sandwiches,fried chicken ,taco and so on .
For someone just starting out on the road to becoming rich, you are likely not starting out with assets. At least, not the kind of assets that make you money. So the claim in the video at 5:10 that one HAS Income > Expenses BECAUSE your Assets > Expenses, is not true . . . in the beginning.
At the start of your journey, the only way to get your Income ahead of your expenses is to LIVE BELOW YOUR MEANS!!! But the easy availability of credit plus the common self-deserving, desirous mentality that one needs to have the shiny new car, the name brand clothes, etc., right NOW, prevent the vast majority of people from getting ahead. They're in debt from the get go. Even if they increase their assets, those never get ahead of their liabilities.
It's all clear now. Wish I knew this 50 years ago!
@Wayne Caissie You don't have to work though.Employ staff to work for you . Delegate the task .
This was very helpful in understanding how liability and assets actually worked without being in depth, thank you.
The rich stay rich by spending like the poor and investing without stopping then the poor stay poor by spending like the rich yet not investing like the rich
The rich do not spend anywhere near the level the poor do.
The rich don't spend, they invest money that they know will come back again without having to work for it.
exactly...when someone gets a raise or promotion at work what do most people do......finance a newer car or charge more on the credit card etc...not invest it wisely.
i thoughtb infesting was bad mum always got annyred when she sore my penus was infested
I think a distinction should be made between rich and wealthy. You can have a great income, expensive house, cars, and so on. But if you're not saving and investing, you're not far from being broke. If you are, then you become wealthy.
If you don't have a good income to start off, generating wealth is a lot more difficult. Let's be real. Is it possible to live below your means? Sure. But let's not forget the importance of investing in your personal development and education to have a decent income to start with.
Thanks for not asking me to buy skillshare at the end of the video.
Bro if you interest to earn passive income
Seriously dude 😂
HA HAA.. Hi 5 bro.. good one!
Funny AF 😂😂😂
Was waiting for that Raids Shadow Legends sponsor lol
A lot of money can be made in selling oversimplified lessons.
how to be rich: make a book called 'rich dad, poor dad' and watch the money flow in
natckwan and then copy and paste the same book and change the title.
Der kleine Kapitalist check me out! I’m a violinist
hahahahahaha good one !!!!!
Kiyosaki in a nutshell.
1. get a financial education before investing anything
2. risk means not knowing what you are supposed to know
3. have an asset instead of a liability
4. if you want to be rich, you will lose money
5. Money might not necessarily fulfill you as a person, but you need to know how it works
6. do not ask people who have never done what you want to do for advice they, will kill your dream; ask people whoa re in your business
7. you need to think and grow rich, not work and grow rich
8. stop chasing higher paychecks, instead learn how to build and mind your business
9. pay yourself fist
10. If someone has a higher salary; the higher the taxes
11. working hard and earning money is an old idea the, new Idea is acquiring the fastest information and using it
12. Information is the wealth of this generation.
13. to be a financially stable one, must know accounting(numbers), investment( money-making money), understanding the market, and the law.
14. focus is crucial to accomplish the financial status
15. Do not stop learning
16. times change
17. Be openminded
19. "Winners are not afraid of losing. But losers are. Failure is part of the process of success. People who avoid failure also avoid success.”
20. "If you are going to get into debt, make sure it is small. If you take on large debt, make sure someone else pays for the debt"
21. Assets put money in your pocket. Liabilities take away money from your pocket.
22. work for free to earn knowledge
23. give and you will receive.
I took 24 months off went to live on my own and recovered my health. I feel like a 👑 king
"during a gold rush, sell shovels"
You man
I hope you use that knowledge in your job
I like that…
''during coronavirus, sell masks''
during riots, sell guns
@@roko-ui1dv ppl actually doing that LOL
Becoming wealthy is basically collecting assets like they are pokémon cards
Edit: dang a thousand likes thanks everyone!
Fuck yeah big dog gotta get me that shiny Charizard
only some cards cost 100k+
Game mentality? I like it. Gotta acquire these rares🎮
Factssssss💯💯💯💯💯💯💯💯💯
@@rafaelmorita1186 You didnt get the part of "1 dollar per month".
4 years later and UA-cam finally recommends an actual useful video to watch. Great video 👍. I hate UA-cam algorithm.
I absolutely love the summary. You had my attention from the start to the end of the video. Great work
I live I a third world country and it is a lot harder to do what rich dad has been saying, because we have no real laws or stability for almost everything BUT I HAVE TRIED TO USE RICH DAT POOR DAD AS A STARTING POINT TO MAKE MY OWN WAY. As hard as it has been, I can say that I am not there yet but I woke up this morning knowing that my money has started working for me and if I didn't have any form of work right now, I would survive and be able to pay my bills. Shout out to the internet for connecting us to useful information were I am from.
@@ecomoney4820 I am From African, where are you from?
@@weareallhuman6371 born in afrcian but live in the Netherlands. But how did you let money work for you?
We are all Human Being wealthy is what most of us are dreaming, but the a wealth with no effort and perseverance to attain such is the most unfulfilling goal in life.
Eco Money Belgie hier :)
@@jeangardycolin5995 i think you havent seen Iraq, Sham or pakistan
I love this video! I learned a lot, thank you 🙏🏽
Much like every self-help guru, Robert Kiyosaki made his money building a brand around himself. He makes his money by selling books, seminars, courses, etc. Not by creating any real value and not through investing.
I 75% agree with you. He is reported to have a lot of real estate.
If you don't see the value in these books then idk😅
I agree. Most sheeps won't think. Instead will put money in stock and lose them all while Mr kiyosjaki wud be getting rich
Book sucks tbh. Something like “So Good They Can’t Ignore You” is way better for the average person not interested in evading taxes and exploitation.
@@pummyy - Not his fault they expect bags worth millions of dollars to suddenly fall onto their laps when they put their money into exchanges. All Kiyosaki gave in his book were signposts/ springboards for n00bs to start building the skills and knowledge necessary for their own ventures.
If you are reading this, trust me One day you gonna be rich!
@x zezo That negativity is getting you no where. You need to believe that you can actually do it
But I dont want to.
Prabhath madusanka that's what all humans are good for
I strongly doubt that
Nonsence!
Read the book: answer is entrepreneurial spirit, but not everyone is cut out for it...
Easy Chang exactly. Robert says that as soon as you accept a paycheck it changes your brain and it’s true. People are programmed that the only or safest way to make money is by having a job. Once I experienced the freedom of not having to work for someone else and having people work for me I said I’d never go back!!!!!
Easy Chang factsss
Ya the audio book is of 6 and a half hour which cannot be explained in 10 min
@Blu this is true back in my college days i was always chosen as leader on thesis groups but now that i'm working it never felt right to work for somebody it's just my EGO speaking maybe but it never felt right lmao but this is the only path my degree was supposed to be on my boss is good but i just can't wrap it around my head once i read the book my only action plan was to save enough then quit
This is amazing. Thank you for all the inputs shared. The tips really help.
Love your videos you are awesome keep up the good work proud of you for starting a UA-cam channel it’s hard work and takes time
*MITOCHONDRIA IS THE POWERHOUSE OF THE CELL*
Jobin Daniel the only useful thing I learnt in this video
thanks sir
Lmaoooo
I can't believe I almost forgot.
But is it related to this???
If you’re reading this, I hope you obtain knowledge to gain abundance of money this year.
Ty I guess
gimme a yr I’m 16
thanks, you too!
@@uwish5356 you’re welcome!
thx
Friend recommended this book an hour later UA-cam recommends this video. I love it.
Great toner, great doodles
Thanks for this!
👍🏼✌🏼👏🏻👏🏻👏🏻
This is the second time I watch this video. The first time I was an employee about to get retrenched, with my last salary I asked myself the same question, "how long can I last with this? It was roughly $300 a month and I was the breadwinner at home. Now that I'm watching it for the second time, I have a series of apartments, I provide accommodation for for college students and I'm making money while sleeping, and I'm also into stock trading. Thank you and I hope this video can reach every individual in the world...
So how did you get a series of apartments in 3yrs?
@@sankara6823 made money by trading forex
That quick? If this is real am ready to learn.. want to share some knowledge?
@@sankara6823 I've been learning forex for years, just that I was stuck in my job and didn't have time to trade, must say I didn't achieve all of this alone, I'm in property business with two of my friends who are also forex and bitcoin traders
@@tshidisojosh1771 Thank you for those inspiring words. I'm also in a job that just pays my bills. May I know if Forex Trading is the same as Trading in Stock Exchanges? Sorry if the question is stupid, but I really know no more than my job.
To me..the definations of RICH is when you had money and a lots of free time.
If u had money but busy handling your money 24/7..you are not RICH at all.
@Vesta Dynasty Elon Musk like every human on earth has time. He manages his own, like everyone. There is no must, just consequences. Elon Musk has time, he is not only handling his money, he is doing what he likes to do now. Any rich person on earth who has as much money as Elon Musk could get retired by putting into other passive incomes, etc.
And i mention "Any rich" because a poor man or "slave"(because it is still a thing even today) couldn't afford it.
@Vesta Dynasty Elon Musk has unlimited free time. He spends it all doing exactly what he wants to do.
Runaway Lucifer Being wealthy is what most of us are dreaming, but the a wealth with no effort and perseverance to attain such is the most unfulfilling goal in life.
I love how poor people have these mental gymnastics to justify living a lazy sack of shit life.
see thats the problem. you want to become rich, so you can be lazy. every person that became rich on there own is because they love to work. and they don't stop there. they want more and more. they get into this mineset of it's never enough money.
Finally someone who gives a easy and direct explanation , Thank you so much.
Great video, added to our website :-)
Kiyosaki's Rich Dad was finally revealed once the Rich Dad passed away - Richard Kimi was his name. He accumulated his wealth in the hotel industry. The Kimi family lived down the street from Kiyosaki in Hawaii.
True to the story, Kiyosaki was friends with his son “Mike,” whose real name is Alan Kimi. Richard Kimi owned Sand & Seaside Hotels in Hawaii, which Alan took over when he passed away.
The names i wanted to find. Ty brother/sister. Very interesting, cool and info based boob. Im at page 25. Where he meats Mike and want to become rich by them asking neighbours tothpase. That partnership worked good in the end haha :)
@@revivedsoul1099 Jesus, you need take a spelling class or something lol
@@userone1465 english may not be his first language
💯
@@userone1465 you forget language is just to convey information and communicate. It’s irrelevant how good or bad if you understood his point.
Him: "u don't even know what asset and liability is.. huh"
Me an accounting major: ahmm..
* adjusts shirt collar* this is what you've been training for. Go time.
But, should you debit or credit?
this was so helpful and easy to remmember ,i also took notes...thank you so much!
Great video. Thanx!!!!
People always say to invest in assets but nobody gives a realistic usable example of how
Quan Mack huh. You gotta find it out. They don’t reveal secrets. Would you tell everyone if you found a treasure? Well.. i would not!
@@RockyRackstor it's a faulty mindset to think that helping others hinders your own success
@Quan Mack, Invest in stocks, invest in real estate, invest in yourself. Own a vending machine, own an ATM, own a space that others can rent for advertising such as a bus stop or a big billboard on the side of the road. Start a business.
Mikiwiii nice. Tell him how to find money for it. And where to build those things.
Anupam Prasad that’s not a good idea. Take a loan and buy a property for cheap, but not in a suburban town! Then spend some $$ to build it better. And sell it for a good price. It is not easy as it sounds. Everyone would be doing it if it were easy right? Do the opposite of what 99% people r doin’ . You learn the way to make money by doing it, it is all about an action.
How to have happy life with your money?
Me :use money to help others people
Muhammad Nadzmi Abu Kassim 👏🏾👏🏾👏🏾
No
@NPC69 it's like helping people setup their own small businesses and you also make some percentage in that.
True
Givers never lack
"Me :use money to help others people"
what he meant was "Me: socialism"
A very good sumary, I thought. I listened to the audiobook, and you hit it head on!
Thank you for The easy to way to undrestanding. 😊 👍
I hope you all reading this live long, Luxurious lives don't ever god damn give up.
Y S check me out! I’m a violinist
You too!
Throughout my entire life, Whenever I run into a problem in any subject, or If I'm frustrated with learning something, I've always asked myself "What am I missing here?", "There has to be another way", "What am I doing wrong?". When I have a job, I don't view that job as working for money, I view it as I'm getting experience while working at the job. Some people don't understand that mentality and that's okay. But I always knew there had to be a better way of doing things, the question was what form would it take, and how would I learn it.
I think I can recommend one book ( Financial discipline versus constant cycle of bills and payments ) that resonates with many people.
The innocent and ignorant people are the ones who lose the game.
Financially disciplined people win it.
In that book there are 2 main characters one is John and the other is James, John loses everything and gets into serious trouble after losing his job during the covid19 pandemic and James also loses his job but he is tension free because he had accumulated a lot of money since 4 years from his monthly salary, which makes him financially free.
Thanks for giving me a wonderful message, about financial education.
Love the animation. Beautifully crafted!
the truth is my school will never teach me this
Be a big boy learn it on your own
That's because schools are run by the same ones that control the money and are responsible for it being devalued/inflated.
U don't got money---> u got no power ---> you are officially someone without an audible "voice" in this world.
Someone making a political move---> u don't like that move cuz it affects the well being of you, your family, kids, etc, --> you can't stop them cuz they evil ---> you are "mute" to them and everyone else who is powerful.
They'd just be like, "sorry peasant, can't hear ya over my papers' rustling".
Now imagine that THEY are the ones who own the schools or other educational institutions. Why would they teach u the way to overpower them? especially when they KNOW that they are wrong and you are a good person. Giving the good people the audible voice is their ultimate fear. Hence they keep your volume down, unless u wanna join their evil side.
The only exception to their rule is:
You work smart without their help, it's not just about people getting to the top, you basically even build your own staircase.
Why so much difficulty? cuz you decided to stick to your morals, that's the price you pay.
But on the bright side, u get one more reward: "one who wins the game, gets to change the rules".
@Dr B Siva Kumar reddy every school does this so we be slaves to government.
@Dr B Siva Kumar reddy they want us make money and they pulled right out of you what do you think working until you are dead when you turn 18 and don't retired at all. i am not scarring you at all i speaking facts what is going on.
"they don't teach this is schools" our teacher showed us this video tho
yes but it's not part of the "standard program" I have a good teacher too so she suggests so many things but most of my knowledge come from my self education
School is to learn basic like reading, writing and mathematics (+ - x÷) . With this 3 skills utilize in your life , you can survive and prosper .
Is the teacher applying the knowledge he/she learned in his daily life though?
Who noticed a pokemon snorlax sleeping and his assest giving him money 4:09. 🤣🤣🤣
Imagine how his dad feels after he wrote this book
He would ask his wife some serious questions?
he is dead, no ?
This video teach me so much ,I am starting with my own business next week and I am 17 ,wish me luck
That’s awesome!
Hows everything going you mind if we could talk on insta? @sauceyballer
So hows the business going ?
@@kakasshi3781 not that good but I am making shit load of money on crypto and about to make a comeback in e-commerce
let me guess your "business" is dropshipping 😐
Thanks for sharing. Im so glad that i have parent that teach me these things at my young age. And just a few month ago, I read this book and realize that's what my father always telling me. Buy assets, not liability. I thought that normal people can differentiate it. But nope. My father is a business man, he create his own company from nothing.
I remember once, I ask my father why do we rent out the houses that we just bought? (Because you know right, renting means i cant stay at there whenever i like) then my father told me about whats the difference between assets and liabilities. My dad is not highly educated, but still tried to explain to me. Thanks to this book that explain further more, so i can link everything together and make sense.
Not a hard book to read, definitely suggest you to read especially people like me that didnt have great knowledge in economy and kind of stuff...Thanks
Didn’t realize how basic his book was. Thank you for the explanation
Love your channel bro appreciate thank you
Loved seeing Mr. Bigfoot’s cameo at the end! Nice touch and excellent summary of “Rich Dad Poor Dad”.
Nine minutes well invested .
Thank you.
Best Regards from England.
Excellent video! Thank you 💯🙌🏼🙏🏼
After a lifetime of Entrepreneurship and starting over 50 businesses I finally learned these lessons. It doesn't matter when you arrive at it as long as you arrive.
Seriously, astonishing job! I never seen an animated summary like this!
+Piano Roses Thank you so much! It really means a lot!
Piano Roses Being wealthy is what most of us are dreaming, but the a wealth with no effort and perseverance to attain such is the most unfulfilling goal in life.
Money can't buy happiness, but it's better to cry in a Lamborghini than in a street bench.
Why do you people keep saying money does not buy happiness? Money is the only thing I think about and it makes me very happy. It's security.
@@mysterybuyer3738 I think it's a meme at this point.
@@mysterybuyer3738 People making fun of the constantly repeating stuff. lol
I've always found Lamborghinis aesthetically displeasing. Lol.
@@isaac8228 hmm why would you buy a lambo in the first place paying a lot for a liability buy assets that produce cash flow
One point that I have learned about the "poor dad" in recent years is that in a family inheritance situation they usually move quickly to cheat the others, making the process a nightmare for all. More broadly put, I have learned that you cannot trust people who are unable to manage their own finances.
I think I can recommend one book ( Financial discipline versus constant cycle of bills and payments ) that resonates with many people.
The innocent and ignorant people are the ones who lose the game.
Financially disciplined people win it.
In that book there are 2 main characters one is John and the other is James, John loses everything and gets into serious trouble after losing his job during the covid19 pandemic and James also loses his job but he is tension free because he had accumulated a lot of money since 4 years from his monthly salary, which makes him financially free.
love how u drew a teacher with tig ol bitties and curvy waist LOL
If you just watched this I pray you become successful in life and achieve ever goal you wish to accomplished💯
this may be off topic but the saying about money can't buy happiness is not entirely true..
With lots of money you can buy your way through and to things making happiness a lot more obtainable than just being poor hoping for something to happen... .
TECH SYNERGIST those who say money doesn’t buy happiness don’t know where to shop.
@@flavioformigonipiano2799 LOL agreed
*It can't buy true happiness.
@@codyhoyte5472 You're right about not being able to buy true happiness and it's said to believe that money can only make you happy to a certain extent... but what choices do we have? We may know the source to true happiness but can we actually get it? is everything truly set already in our lives in a way that we think we can alter it but the reality is that our lives are set for us before we existed.
So to find true happiness won't be for everyone cause that's just the reality of it. However, with lots of money you can reach goals and buy many things that will reduce the stress and sadness by a huge percent.
yes material things is what I'm referring to but things like true love is not always a choice for everyone. Mine came my way when I was least looking for it and I want to thank God for that because it's not something money can buy.
I know this is a long comment but i'm just trying to make myself clear. I'm not saying I have true happiness but I just want to be happy no matter what and I hope you can do the same too.
Thanks for reading my long comment LOL.
@@TECHSYNERGIST Thanks for the sentiments expressed. Money is by no means evil rather its the love of it. We use money to provide for our material and physical needs thus giving us a relative sense of happiness but if we make money the focal point in our lives there will be a missing void. Unless we properly satisfy the need to be in touch with our Creator, we cannot find true and lasting happiness. “Happy are those conscious of their spiritual need,” (Matthew 5:3)
very good education video😄 finally i can understand the view from this book... already read since i was highschool but not easy to understand, maybe my thinking was not matured yet 😅
Good job friend i like the way of your teaching , it gets me , keep working never give up
I had just started reading that book, am bored till i come across this video makes it easy to understand and feeling energized, thanks..
When I was younger, I save patiently for the things I want and I feel tremendously happy when I finally get it. Today, I have a job got savings in my bank and I could buy anything I want anytime, anywhere but I’ve never felt that tremendous excitement again as it was before, and I miss that feeling. :(
@jjj mle exactly! Buying and feeling happy is empty and kinda in vain
Investing in self and inner world growth catapults life beyond system of belief & beyond imagination 🌟
Try helping others do what you did and when they achieve that tremendous feeling of happiness you will feel it again too! And this is something you can do over and over again and with multiple people at the same time and teach those people to do the same thing and you will never lose that feeling of tremendous satisfaction and happiness ever again it will only keep growing!
@@mamakat7176 true is that 💯
N Why's that so.. Cuz life on a karmic balance is universal, is a boomerang.. It comes back and once the loop is formed, it catches that momentum.
Nothing is worst than a person losing enthusiasm in things to do.. Small things big things alike - the key to happiness doesn't lie in what one likes to do but in liking anything that one does!
Trust the Process
Promote what you Love
Patience is the key 🗝
Get married and have a child
@@everywhere3000 Disaster recipe for the immature mind in marriage/relationships - look around at separation rate.
Investing in self, understanding thyself first is 'numero Uno' to exactly know what one wants, is capable of 'giving' & thereby 'receiving'.
Well explained!!! Many thanks.
Just wondering how many lives have been changed with such a small video.
Thank you Chronicle Living for making this inspiring video. Perfectly explained with great animations. I never got down to reading the legendary world renown book.
TY Once again!
I have read the book and listened to the author's interviews. Something just doesn't sit well with me in his tone, but he has been very, very financially successful.
Really really well explained, thank you!
An excellent summary of the book. I read the Rich Dad, Poor Dad. It helped change my relationship with money.
Money can't buy happiness
But, poverty buys sadness.
This book completely transformed my mindset!!! You have to read it its for your OWN GOOD...
I told my father I wanted to be rich and he said money is the root of all evil. I giggled cause it is the same phrase as what is written in the book I read-rich dad poor dad. I replied, "Lack of money is the root of all evil, people kill and steal for survival, if you're rich you would have a problem less life." he became silent
I wish I can teach him about money, when I finish the book ill force him to read it. My mother works for the government as a manager, while my father has a taxi business but failed, a rental business and it made him a millionaire, but he has no knowledge about money.
Both sides are right in their own way. The world is not white and black as Kiyosaki says. Money is both: the root of evil and something that can help others
the love of money is the root of all evil?what about those of us who love the lack of money?I've got to admit I do love the lack of money.ny only wish is that we all have no money!if only we all had no money at all eh!that would soon shock them wouldn't it?
The most educating video ive seen. Thank you
I liked this video a lot. The presentation made it really easy to understand. Videos like these should be shown in school.
"In a pandemic , sell masks."
In my country masks got to 3000% there previous price
You earn a money.. Through mask... Hehe...
Bassam salim Philippines?
Exactly
Temporary money as masks aunt tht scarce now
Excellent summary of a good book. Well done mate.
Wow awesome narrating skills and dopamine stimulating video keep making this kinda content and will keep watching! :))
This has nothing to do with poor people only with middle-class people making bad decisions and good decisions.
U can contact me if you think that only middle class and rich people can start a business.... Reply soon
@Clorox Tree thanks for your statements. Now I know how important punctuation is. ;)
Actually it's harder for poor people, but it can be done. It's like pushing a boulder up a mountain. Unfortunately, for the poor they have the pit that they need to crawl out of first. But you need to be angry and mad to get out of that pit, it's not going to happen over night, but with luck and drive, maybe, just maybe, you can crawl your way out of your pit within a year or two. I remember nights at dumpster diving and weekly plasma donations, and so many ... never mind.
Wrong, when you have a billion dollars but stil have a poverty mindset your poor
@FLUFFYomega contact me -7973198297
This reminds me of a kid's magazine called Highlights where there was 2 illustrated strips with good and bad characters Goofus and Gallant.
Thank you for this summary!
Thank you very much, gave me confidence that what i have been doing for assets has been more or less correct atleast.
thank you youtube for recommending this to me.. and thanks to you for sharing this. :D
Thanks Arinka for sharing your appreciation! More videos to come like this one!
Thanks
Very interesting method of teaching
Thank you for all your efforts on making these videos to help people
Great. Need to show this to my parents. My mother is one of those people where their expenses meets or exceeds their income.