33 years old and watching these videos the last 6 months is the most and best financial education I've ever received. It truly is a shame how poor our schooling is. We were taught nothing about finance/taxes.
I used to have the same thought, and then I remembered how poorly taught most schools are except for in affluent areas. I wouldn't expect school teachers (lets be honest, simple college graduates) to be able to effectively teach personal finance. And actually, for at least the last 5 years the affluent public schools in my area have been teaching personal finance.
School systems? If this knowledge was commonplace then it wouldn't useful. So you're saying the school system should manufacture real estate tycoons out of children? Who would be the tenants of those properties if it wasn't the dummies being printed out of the system.
@@1ChristopherCampbell Knowledge being commonplace isn't sufficient for students to be able to use it. Think of it - all of us are taught physics, but how many actually become physicists? So the thing is - it SHOULD be taught, so that those who want to take advantage of it have at least a starting point.
@@1ChristopherCampbell I would say if the school system taught us from the beginning about finances, communication, ethics, taxes. We could grow to learn about economics and money management eventually. We basically go to school to make friends and have free child care. Then get thrown into the real world not even understanding how to fill out a W4 for our first job then don’t understand the taxes part when we go home and try to manage that paycheck. At least thats how I see it. Now as an adult these principles would make more sense.
Robert it LITERALLY the only man on UA-cam that actually breaks down how to do real estate and WHY to buy and why to keep buying. Everyone else just says buy, and pull, and buy more, but nobody explains why. Thank you so much guys
Hey Robert my Uncle was over there with you. I’m glad to know you wrote that book and are thriving. I’ve met many vets over my life. When I was younger I met the hardships of the returning when I was young and met a group of guys like you later on. D Troop . Harold Beach out of BooneNC. Salute to you sir!!!
I've listened to hours of Robert & Kim in the last year or two but it didn't click until this video of how the money they make off the property is tax free. I had the cash flow figured out but the tax part didn't come because I know you have to claim income from rental property. Thank you all for teaching!
I am filipino residing in abu dhabi since watch and read your books i have a feeling i know better than those who are graduated wiith business degree in university.. thank you Robert K
This really puts things into perspective. As a small business owner doing contacting, this tax hike almost disincentiveizes, so I need to ask myself; How can I do what I enjoy and pay less taxes and establish wealth I can pass onto my family.
Taxes isn’t Patriot! We “the people “ have been High Jacked. I first listened to Robert in 2005. A friend gave me a CD with Robert speaking. I’m just now getting it. Thank you ScamDemic. That has awakened Me to dig deep down the rabbit hole. Robert’s CD now makes sense to Me what He was speaking about.
Very good👍 using patriots.. High jacked. ( poor people) by none sence political leaders in the world. And the game prime minister. Prime minister. President President..... :::::
He is stupid... How about the way to pay your debt when there are no rentals or forced to reduce your rentals? ... How about crashes?... How can you pay your installments?? ...
10:44 good point... Dave Ramsey's audience is primarily consumed by bad debt so his advice is good for them... Rich dad's audience is interested in learning about different forms of good debt so his advice is good for them...
i really enjoy Kim being in these conversations because she kind of plays the role of a small first time investor. Where Robert has been doing this for so long, he is just speaking from the I quadrant all the time. man, i have learn so much just in one video.
Robert and Kim and Kenny, I have a question and maybe you can do a show on this: you talk about having to roll your money into the next project. I get that. But what money do you live on? How do you buy cars and food and I know some of you own your personal residences and some don’t, like Barbara Corcoran talks about not owning your personal residence and I think Grant Cardone says the same - can you explain how all this works, please? We just bought our second rental and want to buy more or maybe put money into syndications because we don’t have all the knowledge yet but I want to invest now. I guess that’s another question; do you get these same tax benefits when you put money into a syndication deal?
The most importante factor of this channel is the ammount of information you can get out of it. No matter your age, your money status or your style of life; it's kinda tailor-made for everyone, depending on our requirements. Finally the goal is for money to work for us. For now, I am trying to work on the multiple wealth streams, beginning with my work and my youtube channel also.
Much gratitude for stumbling across this channel! Definitely love the end that encourages starting small, and how they all started basically from where I am now. I know I’m going to do this and I’m excited to have you all as mentors and hope to meet you one day!
Thanks Roberto. I've read 3 of your books 1. Rich Dad Poor Dad 2. Rich Dad Poor Dad: The four Quadrants. 3. Rich Dads Increasing your Financial IQ I'm forever a student of your teachings. Kim is awesome too 😊
Hi Robert, thank you for sharing your wisdoms with the community. Just one (simple I guess) question: If you reinvest, reinvest and so on...when and how do you take profits without paying taxes? Thanks
05:40 I was a banker and this is NOT how banking works. No one's deposits are used when you get a loan from a bank. The bank uses deposits as "base money" on which they create money to lend. Yes, you read that correctly. The banks CREATE money when they lend, their deposits are the base upon which they inflate. Your borrowing at interest something the bank created out of thin air.
the relationship between bonds, stocks, debt, the fed and money printing. Algorithmic trading is all the wave now. Without it I'm not sure what my fate would have been in the market other than accumulating losses. But having bagged $340k in raw profits from just the last 2 quarters, using the help of a professional is the future of all kinds of investing.
Most of their advice is total nonsense in countries like the Netherlands. The whole depreciation thing doesn't work here although they keep saying that it works everywhere. Robert and Tom can go stand on his heads, but the tax laws here DO NOT ALLOW IT. You can only depreciate until the WOZ-waarde, which is a concept that only exists in a few countries. The management aspect, they always stated that management should be done by a professional property manager. What a load of nonsense. If you start out in real estate you don't even know what a property manager does and you certainly don't know that half of these people are corrupt or are just charging you for standard work without ever solving a problem. If you're new in real estate, this is the way to let problems get out of hand quickly, especially when there is distance involved. Also, they promoted passive income which doesn't exist and is really a very dangerous concept. The concept of passive income makes you stupid. If you want to become very rich focus not only on assets but also on knowledge, control and leverage. That combination works everywhere. And cross check everything any guru says. In any case focus on what works in your own area. And there are other things that they never talk about which are crucial, such as finding the right LIFE PARTNER FIRST before you go on this journey. But I'll leave it at that.
I finally understand what “monetizing debt” really means! I’ve heard that term thrown around so much by financial experts. I guess I had to hear it 101 times to finally get it! Your simple explanation of what it actually means finally clicked. Thanks.
Here's what I don't understand; What's the exit strategy? I understand depreciation and BRRR and growing with debt, but I don't wanna do this forever. How does one slowly cash out during retirement without getting hosed on taxes?
Roth IRA or develop the understanding that you never sell. You always acquire good assets and never sell. You borrow against what you have to get more. Learn to balance your budget and avoid liabilities.
So what happens when you buy, Rehab, Refinance to pull your money back out, and hold the funds? That's something that people need to hear. That's an important reason for why you have buy more and more property that some wont understand. But this is absolutely great information as always. So love it.
God bless Kenny and Tom more...in a world full of deceitful people, you are the luckiest when you meet an honest and genuine person like Kenny and Tom..may all who are reading this be blessed to find an honest and trustworthy partner in whatever endeavor they do in life..😇😇😇😇😇
Listening to your channel has changed my life and although my girlfriend and I are still working full time, that may change soon to handle our properties. We are on our way thanks to you.
Now Mr Kiyosaki, I know why you be grinning like a Cheshire cat. Back in the day, I read the book "The secret of the ages" by Robert Collier. Today you have laid out the real secret of the ages. I have at least five of your books and have read them all and some more than once. Today, you said something twice using those quadrants that reveals the secret of the rich. Right now, all of my income is passive income and I will likely be getting it for the rest of my life. But what you said today in this new series is something I did not understand before. Young people should definitely learn this knowledge, if they want to survive. The good thing about what you are teaching in these videos is, it costs you nothing, but the time to sit down and listen. Now, if I really want to increase my wealth, I can do it using the formula you have laid out and verified. Thank you sir, and may God bless you even more.
I have just started to understand the financial world, I'm just out of my high school, and came across rich dad poor dad a few weeks ago, the concepts are really what had me reading the book. From childhood I had always wondered that yes, rich are getting richer, which means it's possible, and I've found some answers in this book... And now I've started to see the world from a financial point of view.. I'd love, if anyone can help me with this doubt I've had right from the starting of this book, and in this show as well... Robert and Ken said that they invests the money into real estate, and it becomes debt... What exactly is that? Down payment of 1 mil and 9 mil of loan right? And the property will generate you some cashflow, and the amount of EMI is deducted from income tax. But what about paying the 9 mil back? You've gotta do it at some point?? Similarly, towards the end of program, Robert said buying a property on an Island, worth 18k, for 1.8k down, with credit card, for $25 monthly income, and somehow this is infinite return. I understand that yes, credit card can be used in that way, but you still got to pay back that 1.8k, if not, credit card penalties are highest right? So what good does a 25 dollar income does? I'd love for anyone to share their point of view on this... Thank you
I think its because the monthy amount generated is whats left after the bills are paid each month. So all the people in the building are paying their rent which is then used to cover the cost of the building, overhead and the profit you make. Am I on the right track or no
Hi, part of formula at tax return time - accounting "Depreciation" of property value is used to reduce taxes on property over time too. Good luck, so great to stsrt early at this!
I know this video is old. You mention this is a, "4-parter episode". So, I was wondering if you could either post the other 3 videos in the description boxes, OR post the links as part of a reply back to me. Thank You.
This is so helpful. I am buying my first flat I'd like to make a business of. I have a corporate job, which allowed me to gather some capital and also pay the mortgage, so I can say, I am doing this both for my own money and other people's money. I'd prefer to do this for cash, but this would take me another thirty years to gather, and my money would be eaten by the inflation. This way I convert my salary into something physical, and since there's huge demand for flats for rent it is absolutely possible that it will finance itself. Even though, I live in Poland, the rules you are discussing are universal. Actually, PLN exchange rate is even fixed to USD
Thank You so much for all this extremely valuable information! 💕 And for your time ! I appreciate Kim & Robert so much ! Thank you again! Sending lots of Love 💕
This was very informative and made total sense. I do have one question though, when does the cycle stop? When do you actually use that money as supposed to keep reinvesting into new properties?
I am wondering the SAME thing. Isn't reinvesting the money just prolonging the inevitable? I thought that they had to all pay taxes at the end whenever they sold their properties.
1031 Exchange. If you reinvest in a like asset it's not a taxable event. Than you get to start depreciation on that asset (if it's real estate for 27 years). You eventually have to pay taxes if you don't reinvest the money after a sale.
My first investment with Woodman's trading services gave me profit of over $24,050 and ever since then he has never failed to deliver and I can even say he's the most sincere broker and trainer I have known
Thank you Robert for all your wisdom and education that you impart in these UA-cam vids. I like Kim being part of the conversation. Thank you fir your integrity and honorable way to make a living without being an employee. I can’t wait to attend your classes.
I am still confused..I have been listening to your podcasts and youtubes and I just finished your book but I still don't understand how debt is good and buying with no money. How can I find absolute beginner information for someone who was ready to start yesterday!!!
I've said this before I wish I had this knowledge when I was 20 years old, been buying silver for a few months now and going to wait until the market crashes and then going to buy my first rental property. Thank you for putting out the great content, all of you have opened my eyes on silver, gold and real estate.
It's great when Kim is in these videos. She is relatable and breaks things down in a way a newbie can understand. As a woman I appreciate her understanding investing from a woman's perspective. Does anyone know if she has her own podcast?
I have been researching the topic of real estate investing for several years now and to be honest, I don't think I'll ever "feel ready" to begin. It feels like looking down a deep well, pinching my nose and taking the first step of a wild a$$ ride. But I know that I'm brave enough, motivated enough, determined enough, a hard enough worker and maybe even crazy enough to be a full blown Capitalist. It all seems like a ton of freakin' fun and a hell of a lot of work! I plan to start seriously looking for my first rental in January or February. Any advice?
you guys need to EQ the low mids (300hz - ish) of Roberts mic a tad, just a kind request. Prob sounds good on a phone or laptop but with good flat range ref monitors on a desktop, that hump is there.
All the talk about team, what does the team consist of? And do you start a property management company that you use when you purchase property? How does this work exactly?
Is there a link for the other videos to the 4 part series...or are those yet to come? Im looking on the channel but don't see them- Ty for your insight! Priceless🤗
That’s great to hear that Robert kicks it with Dave Ramsey
3 роки тому+1
Thank you robert team I learned the following. take the profit continue to buy the property and the property will depreciate, then we will not pay taxes. Taxes are collected when you make a profit. if your business has little profit because a large part of the profit is converted into depreciation. I watched from start to finish 36:33 I'm Adam I'm in Vietnam
With a solid business plan in place and utilizing the strategies discussed in this incredible video I am going to make a boatload of money. Grateful for Ken and Robert.
Isn't there a depreciation limit for a property? If so, what happens when you reach that limit? When you need to sell a property, does the sale price minus the value of the depreciated property count as profit, and therefore do you have to pay taxes on this profit?
So, my question is, since there's traditionally been an incentive for people to borrow money to provide housing, why is it that the government is also destroying small investors by imposing moratoriums against evictions? There are numerous landlords who are now homeless themselves because they could not evict their tenants, but the banks were still requiring their rental property mortgages be paid. I think it's smart to have additional sources of income other than just your rental properties.
Let me see if I got this right... So if I buy let say 3 properties and my cash flow pays of my debt. In order to not pay taxes I can either A) buy another property which will put me in debt or B) sell a property I already own but look for another property to buy that will put me back in debt
![How To Invest In Real Estate Without Making These Mistakes - Robert Kiyosaki [The Rich Dad Radio]](http://i.ytimg.com/vi/A59IFiJyyDM/mqdefault.jpg)
33 years old and watching these videos the last 6 months is the most and best financial education I've ever received. It truly is a shame how poor our schooling is. We were taught nothing about finance/taxes.
I used to have the same thought, and then I remembered how poorly taught most schools are except for in affluent areas. I wouldn't expect school teachers (lets be honest, simple college graduates) to be able to effectively teach personal finance. And actually, for at least the last 5 years the affluent public schools in my area have been teaching personal finance.
School systems? If this knowledge was commonplace then it wouldn't useful. So you're saying the school system should manufacture real estate tycoons out of children? Who would be the tenants of those properties if it wasn't the dummies being printed out of the system.
@@1ChristopherCampbell Knowledge being commonplace isn't sufficient for students to be able to use it. Think of it - all of us are taught physics, but how many actually become physicists?
So the thing is - it SHOULD be taught, so that those who want to take advantage of it have at least a starting point.
I agree I am 36.. I wish I knew this info when I invested in my first property 10 years ago. I wish I could see the big picture right from beginning..
@@1ChristopherCampbell I would say if the school system taught us from the beginning about finances, communication, ethics, taxes. We could grow to learn about economics and money management eventually. We basically go to school to make friends and have free child care. Then get thrown into the real world not even understanding how to fill out a W4 for our first job then don’t understand the taxes part when we go home and try to manage that paycheck. At least thats how I see it. Now as an adult these principles would make more sense.
Robert it LITERALLY the only man on UA-cam that actually breaks down how to do real estate and WHY to buy and why to keep buying. Everyone else just says buy, and pull, and buy more, but nobody explains why. Thank you so much guys
Hes experienced a lot more than most entrepreneurs other than Warren
Robert Kiyosaki, the best teacher ever in real estate on planet earth.
He is the best mentor in finance
He tells the only 4 quadrants all the time. Nothing more new, every video is the same
@@kushalreddy1805 that’s how simple it is, but you are shook to take that risk
@@ld4hunna Did you take the risk?? If yes great for you, if no do not give advices
@@kushalreddy1805 I have been doing so since I read the Rich Dad series
Hey Robert my Uncle was over there with you. I’m glad to know you wrote that book and are thriving. I’ve met many vets over my life. When I was younger I met the hardships of the returning when I was young and met a group of guys like you later on. D Troop . Harold Beach out of BooneNC. Salute to you sir!!!
I've listened to hours of Robert & Kim in the last year or two but it didn't click until this video of how the money they make off the property is tax free. I had the cash flow figured out but the tax part didn't come because I know you have to claim income from rental property. Thank you all for teaching!
To the person who’s reading this, you will grow your Business one day don’t give up !❤️
I will never
You sound like a fortune cookie.
Good presentation, wish you left the politics out of your conversation 😒.... diminished the message to widest audience 😑
thank you bro
It's not the *ABC's* you learn in school- it's the *CBA's* *(Conceive - Believe - Achieve )* Have lived by this concept
Cba up pic very good point. I like it thanks🙏🙏 all
I am filipino residing in abu dhabi since watch and read your books i have a feeling i know better than those who are graduated wiith business degree in university.. thank you Robert K
*†①②①⑧②⑧⑧③⑨⑥①__∗*....
*Whats=App the above N⁰...*
Wow, free advice ❤ people sell courses for thousands. Appreciate Robert
Yes 100% right !
Thanks for watching'„ endeavor to write as soon as possible for more enlightening tips
~•W~•H~•A~•T~•S~•A~•P~•P
•+1•2•28•3•323•7• 55
YT pays him.
Thanks!
This really puts things into perspective. As a small business owner doing contacting, this tax hike almost disincentiveizes, so I need to ask myself; How can I do what I enjoy and pay less taxes and establish wealth I can pass onto my family.
Invest in real estate. Go large apts. Not small houses.
Taxes isn’t Patriot!
We “the people “ have been High Jacked.
I first listened to Robert in 2005. A friend gave me a CD with Robert speaking.
I’m just now getting it. Thank you ScamDemic. That has awakened Me to dig deep down the rabbit hole. Robert’s CD now makes sense to Me what He was speaking about.
Very good👍 using patriots.. High jacked. ( poor people) by none sence political leaders in the world. And the game prime minister. Prime minister. President President..... :::::
I’ve listened to many out there and let me say, not everyone can teach. Robert, I appreciate how you repeat and highlight complex processes. Thank you
He is stupid... How about the way to pay your debt when there are no rentals or forced to reduce your rentals? ... How about crashes?... How can you pay your installments?? ...
The best lessons are other peoples stories. Thanks ken, and Robert
By the way, i bought and read "the ABC's..." . I definitely recommend it
Don’t need to move countries when you invest in real estate. Thanks for always providing so much to think about Kiyosakis. Much love!
Thanks for watching'„ endeavor to write as soon as possible for more enlightening tips
~•W~•H~•A~•T~•S~•A~•P~•P
•+1•2•28•3•323•7• 55......
Yeah but in America I'm just another guy. In Colombia on the other hand. I'm Brad fucking Pitt 😂😂
We are paying taxes for protection , services , and more. Besides ,we need to contribute which ever way we can to the place we live.
10:44 good point... Dave Ramsey's audience is primarily consumed by bad debt so his advice is good for them... Rich dad's audience is interested in learning about different forms of good debt so his advice is good for them...
i really enjoy Kim being in these conversations because she kind of plays the role of a small first time investor. Where Robert has been doing this for so long, he is just speaking from the I quadrant all the time. man, i have learn so much just in one video.
Kim has 6500 real estate properties..not a first time
Robert and Kim and Kenny, I have a question and maybe you can do a show on this: you talk about having to roll your money into the next project. I get that. But what money do you live on? How do you buy cars and food and I know some of you own your personal residences and some don’t, like Barbara Corcoran talks about not owning your personal residence and I think Grant Cardone says the same - can you explain how all this works, please? We just bought our second rental and want to buy more or maybe put money into syndications because we don’t have all the knowledge yet but I want to invest now. I guess that’s another question; do you get these same tax benefits when you put money into a syndication deal?
The most importante factor of this channel is the ammount of information you can get out of it. No matter your age, your money status or your style of life; it's kinda tailor-made for everyone, depending on our requirements. Finally the goal is for money to work for us. For now, I am trying to work on the multiple wealth streams, beginning with my work and my youtube channel also.
I just bought those 3 books of Kenny’s on Audible so I can listen to them while I work.
24:30 High Earning Employees
23:55
21:46
25:17
48:04 Using Debt
0:39
5:03 Types of Real Estate
11:09
17:52 IRS wants us to invest in housing
18:11
18:29 Infinite Return
35:43 Tax Free
3:02 Brands
6:58 S Quadrant Real Estate investor
6:13 Get A Team
7:59
23:10 Real Estate Partner
15:32 Tax Savings
17:20 Depreciation every county
29:50 Toxic Debt
37:24 Tax Law
20:50
17:01
45:57 Infinite Return
10:45 Dave Ramsey
48:08 Save in Gold and Silver (with your money)
48:32 LOL
45:37 Kim's First Deal
Much gratitude for stumbling across this channel! Definitely love the end that encourages starting small, and how they all started basically from where I am now. I know I’m going to do this and I’m excited to have you all as mentors and hope to meet you one day!
Second that!
3rd and 4th this 🙌🏽🙏🏽
What an Education we are getting.Thank you all and Blessings!
Thanks for watching'„ endeavor to write as soon as possible for more enlightening tips
~•W~•H~•A~•T~•S~•A~•P~•P
•+1•2•28•3•323•7• 55....
Can you please add English subtitles? Thanks
Such an educational channel! Thank you Robert and Kim. You inspire all of us!
Thanks Roberto. I've read 3 of your books
1. Rich Dad Poor Dad
2. Rich Dad Poor Dad: The four Quadrants.
3. Rich Dads Increasing your Financial IQ
I'm forever a student of your teachings. Kim is awesome too 😊
Hi Robert, thank you for sharing your wisdoms with the community. Just one (simple I guess) question: If you reinvest, reinvest and so on...when and how do you take profits without paying taxes? Thanks
Collect rental income and write off depreciation of property
05:40 I was a banker and this is NOT how banking works. No one's deposits are used when you get a loan from a bank. The bank uses deposits as "base money" on which they create money to lend. Yes, you read that correctly. The banks CREATE money when they lend, their deposits are the base upon which they inflate. Your borrowing at interest something the bank created out of thin air.
Robert you did it again! Way to end the video on your first deal. Really had me engaged, I felt like i could feel what you felt. Thank you 🙏🏽
23:40 - 26:00 is all I needed. Thanks.
The stock market was at all time highs before hyperinflation occurred. That is our playbook for what is happening now to United States.
the relationship between bonds, stocks, debt, the fed and money printing. Algorithmic trading is all the wave now. Without it I'm not sure what my fate would have been in the market other than accumulating losses. But having bagged $340k in raw profits from just the last 2 quarters, using the help of a professional is the future of all kinds of investing.
The Kyosakis are Gold with there free advice. Thanks from Holland. Greatfull for all of your knowledge🙌🏽💯
Most of their advice is total nonsense in countries like the Netherlands. The whole depreciation thing doesn't work here although they keep saying that it works everywhere. Robert and Tom can go stand on his heads, but the tax laws here DO NOT ALLOW IT. You can only depreciate until the WOZ-waarde, which is a concept that only exists in a few countries. The management aspect, they always stated that management should be done by a professional property manager. What a load of nonsense. If you start out in real estate you don't even know what a property manager does and you certainly don't know that half of these people are corrupt or are just charging you for standard work without ever solving a problem. If you're new in real estate, this is the way to let problems get out of hand quickly, especially when there is distance involved. Also, they promoted passive income which doesn't exist and is really a very dangerous concept. The concept of passive income makes you stupid. If you want to become very rich focus not only on assets but also on knowledge, control and leverage. That combination works everywhere. And cross check everything any guru says. In any case focus on what works in your own area. And there are other things that they never talk about which are crucial, such as finding the right LIFE PARTNER FIRST before you go on this journey. But I'll leave it at that.
I finally understand what “monetizing debt” really means! I’ve heard that term thrown around so much by financial experts. I guess I had to hear it 101 times to finally get it! Your simple explanation of what it actually means finally clicked. Thanks.
@The Rich Dad Channel SCAMMERS
I cannot seem to get enough of everyone’s content. Thanks y’all for sharing your knowledge with us.
Here's what I don't understand; What's the exit strategy? I understand depreciation and BRRR and growing with debt, but I don't wanna do this forever. How does one slowly cash out during retirement without getting hosed on taxes?
same question
Roth IRA or develop the understanding that you never sell. You always acquire good assets and never sell. You borrow against what you have to get more. Learn to balance your budget and avoid liabilities.
@@TurboShred13 Interestingly, I did manage to put most of my real estate into a ROTH. However, Biden is trying to destroy that. :(
You are the Best! Thanks a lot for your education!👍🙏
So what happens when you buy, Rehab, Refinance to pull your money back out, and hold the funds? That's something that people need to hear. That's an important reason for why you have buy more and more property that some wont understand. But this is absolutely great information as always. So love it.
you get bent over and taxed.
Kim you are great. Love your gentleness and wisdom. God bless you
Wow wow wow - Robert & Kim : Every time I learn something new from both of you! Many many thanks!
Lots of information. I’m overwhelmed and don’t even know where to begin if I wanted to start this kind of a program. Any advice?
Don’t quit your job too soon guys. Start RE as 2 thing till you dominate. Play safe 💸💸💸💸
Yes I very glad I came across this video. I’m hooked!
Always on fire Mrs. and Mr. Kiyosaki 🔥🔥🔥
A learn a lot off this channel.👍👌💯
God bless Kenny and Tom more...in a world full of deceitful people, you are the luckiest when you meet an honest and genuine person like Kenny and Tom..may all who are reading this be blessed to find an honest and trustworthy partner in whatever endeavor they do in life..😇😇😇😇😇
Love the show. Great show. I’m always learning.
Listening to your channel has changed my life and although my girlfriend and I are still working full time, that may change soon to handle our properties. We are on our way thanks to you.
Thanksforyour feedbackForguidances on cryptocurrency ✓
W•h•a•t•s•A•p•p
>+1>
Now Mr Kiyosaki, I know why you be grinning like a Cheshire cat. Back in the day, I read the book "The secret of the ages" by Robert Collier. Today you have laid out the real secret of the ages. I have at least five of your books and have read them all and some more than once. Today, you said something twice using those quadrants that reveals the secret of the rich. Right now, all of my income is passive income and I will likely be getting it for the rest of my life. But what you said today in this new series is something I did not understand before. Young people should definitely learn this knowledge, if they want to survive. The good thing about what you are teaching in these videos is, it costs you nothing, but the time to sit down and listen. Now, if I really want to increase my wealth, I can do it using the formula you have laid out and verified. Thank you sir, and may God bless you even more.
Thanks for watching'„ endeavor to write as soon as possible for more enlightening tips
~•W~•H~•A~•T~•S~•A~•P~•P
•+1•2•28•3•323•7• 55
How about investing in multifamily 288-units in Dallas, Texas? Just closed 208-units. Was able to because of you Robert and Tom! Thank you.
T.h.a.n.k.s f.o.r w.a.t.c.h.i.n.g. ㊨s.e.n.d y.o.u.r.i.n.p.u.t .
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What are the four parts in this program?
can you help me
Thanks
I have just started to understand the financial world, I'm just out of my high school, and came across rich dad poor dad a few weeks ago, the concepts are really what had me reading the book. From childhood I had always wondered that yes, rich are getting richer, which means it's possible, and I've found some answers in this book... And now I've started to see the world from a financial point of view..
I'd love, if anyone can help me with this doubt I've had right from the starting of this book, and in this show as well...
Robert and Ken said that they invests the money into real estate, and it becomes debt... What exactly is that? Down payment of 1 mil and 9 mil of loan right? And the property will generate you some cashflow, and the amount of EMI is deducted from income tax.
But what about paying the 9 mil back? You've gotta do it at some point??
Similarly, towards the end of program, Robert said buying a property on an Island, worth 18k, for 1.8k down, with credit card, for $25 monthly income, and somehow this is infinite return. I understand that yes, credit card can be used in that way, but you still got to pay back that 1.8k, if not, credit card penalties are highest right? So what good does a 25 dollar income does?
I'd love for anyone to share their point of view on this... Thank you
Following
I think its because the monthy amount generated is whats left after the bills are paid each month. So all the people in the building are paying their rent which is then used to cover the cost of the building, overhead and the profit you make. Am I on the right track or no
With rent money you pay bill and make $25 on top of that
Essentially your tenants pay back your debt for you.
Hi, part of formula at tax return time - accounting "Depreciation" of property value is used to reduce taxes on property over time too. Good luck, so great to stsrt early at this!
I know this video is old. You mention this is a, "4-parter episode". So, I was wondering if you could either post the other 3 videos in the description boxes, OR post the links as part of a reply back to me. Thank You.
Where does the money they use to buy food, clothing ect come from? Is it taxable income taken from cash flow or do they use borrowed money for that?
Thanks for watching'„ endeavor to write as soon as possible for more enlightening tips
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Where are parts 2, 3, and 4? I don't see them in your other videos.
Mr. Kiyosaki, you are my Rich Dad. Thank You for your knowledge Team.
Sounds like hands-on with a vision to me! Nothing substantial grows without work. The work begins mentally. This video inspires! Kudos!
So informative 👏 I just need to act on it! I'm chipping away at it! Thank you for all your support & guidance 🙏
Thanks for watching'„ endeavor to write as soon as possible for more enlightening tips
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Thanks again for year show. Keep up the grate work
This is so helpful. I am buying my first flat I'd like to make a business of. I have a corporate job, which allowed me to gather some capital and also pay the mortgage, so I can say, I am doing this both for my own money and other people's money. I'd prefer to do this for cash, but this would take me another thirty years to gather, and my money would be eaten by the inflation. This way I convert my salary into something physical, and since there's huge demand for flats for rent it is absolutely possible that it will finance itself. Even though, I live in Poland, the rules you are discussing are universal. Actually, PLN exchange rate is even fixed to USD
Best video on taxes ever!!!!
Thank You so much for all this extremely valuable information! 💕
And for your time !
I appreciate Kim & Robert so much !
Thank you again!
Sending lots of Love 💕
Thank you Robert and Kim!!!
Thank you for your Radio show!
Every time I listen to you and your team it builds confidence with in me that I can become financially free ❤️
Thanks for watching'„ endeavor to write as soon as possible for more enlightening tips
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How can I watch the next 3 ciders in this series?
This information is PURE GOLD. Thank you!! 👏🏼👏🏼
I have a question on another video. where can buy the silver coins
that are reliable
This was gold.... LOVE IT!!!!!! Thanks to everyone on this episode for all of this education.
Thanks for watching'„ endeavor to write as soon as possible for more enlightening tips
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Take care Robert, Kim, Ken, Tom, and the Rich Dad family ❤️
My head is spinning... in a good way. Thank you for teaching those who want to be in B and I!
T.h.a.n.k.s f.o.r w.a.t.c.h.i.n.g. ㊨s.e.n.d y.o.u.r.i.n.p.u.t .
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Thank you so much rich dad team for financial education god bless you all team take care stay safe
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This was very informative and made total sense. I do have one question though, when does the cycle stop? When do you actually use that money as supposed to keep reinvesting into new properties?
I am wondering the SAME thing.
Isn't reinvesting the money just prolonging the inevitable? I thought that they had to all pay taxes at the end whenever they sold their properties.
1031 Exchange. If you reinvest in a like asset it's not a taxable event. Than you get to start depreciation on that asset (if it's real estate for 27 years). You eventually have to pay taxes if you don't reinvest the money after a sale.
You make money on rental income when you sales use 1031 exchange
You don’t use the money, if you do you are liable for taxes.
¡Gracias!
Hello please how does this bitcoin and crypto thing works...I’m really interested, how do I go about investing
Frank Woodman
My first investment with Woodman's trading services gave me profit of over $24,050 and ever since then he has never failed to deliver and I can even say he's the most sincere broker and trainer I have known
*Tradefrantly*
Fantastic trader i must say he is the best.
*``telegräm``*
I really wish i could understand this better? I don't have the taxe code or financial education and were do you find the investors in it anyways?
Looks like I'm 2nd. Semper Fi Mr. Kiyosaki. 1/9Marines veteran. Not Vietnam but 2006-2010.
AbhAn... 96 to2k. Bravo Zulu shipmate.
Crayons for all u Jar heads lol
This is really great advice. Thank you
Thank you Robert for all your wisdom and education that you impart in these UA-cam vids. I like Kim being part of the conversation. Thank you fir your integrity and honorable way to make a living without being an employee. I can’t wait to attend your classes.
I am still confused..I have been listening to your podcasts and youtubes and I just finished your book but I still don't understand how debt is good and buying with no money. How can I find absolute beginner information for someone who was ready to start yesterday!!!
I've said this before I wish I had this knowledge when I was 20 years old, been buying silver for a few months now and going to wait until the market crashes and then going to buy my first rental property. Thank you for putting out the great content, all of you have opened my eyes on silver, gold and real estate.
Thanks for watching'„ endeavor to write as soon as possible for more enlightening tips
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Where do you buy the silver
Bitcoin and Ethereum will continue to outperform these markets.
Do you do consultations?
Thank you for educating us!!!! I am always learning from you!!!!
Thank you Vanie
T.h.a.n.k.s f.o.r w.a.t.c.h.i.n.g. ㊨s.e.n.d y.o.u.r.i.n.p.u.t .
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Wow these guys are my favorite people. Keep it up!
It's great when Kim is in these videos. She is relatable and breaks things down in a way a newbie can understand. As a woman I appreciate her understanding investing from a woman's perspective. Does anyone know if she has her own podcast?
Are there LINKS to the other 4 parts of this video series?
I have been researching the topic of real estate investing for several years now and to be honest, I don't think I'll ever "feel ready" to begin. It feels like looking down a deep well, pinching my nose and taking the first step of a wild a$$ ride. But I know that I'm brave enough, motivated enough, determined enough, a hard enough worker and maybe even crazy enough to be a full blown Capitalist. It all seems like a ton of freakin' fun and a hell of a lot of work! I plan to start seriously looking for my first rental in January or February.
Any advice?
Any update?
you guys need to EQ the low mids (300hz - ish) of Roberts mic a tad, just a kind request. Prob sounds good on a phone or laptop but with good flat range ref monitors on a desktop, that hump is there.
I love these guys! Thank you!
Concordo!
All the talk about team, what does the team consist of? And do you start a property management company that you use when you purchase property? How does this work exactly?
Is there a link for the other videos to the 4 part series...or are those yet to come? Im looking on the channel but don't see them- Ty for your insight! Priceless🤗
Appreciate your review, do you experience difficulty in trading? Inbox Kathleen Anne Grace
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@@therichdadchannel9795 man, you scammers show up quick, on every channel.
When are you going to have the cash flow game on the App Store
That’s great to hear that Robert kicks it with Dave Ramsey
Thank you robert team
I learned the following.
take the profit continue to buy the property and the property will depreciate, then we will not pay taxes.
Taxes are collected when you make a profit. if your business has little profit because a large part of the profit is converted into depreciation.
I watched from start to finish 36:33
I'm Adam
I'm in Vietnam
With a solid business plan in place and utilizing the strategies discussed in this incredible video I am going to make a boatload of money. Grateful for Ken and Robert.
Thanks for the feedback.....for more information *+1/7./8./.6../4./..3./..2./..3.../4../3../1*
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Isn't there a depreciation limit for a property? If so, what happens when you reach that limit?
When you need to sell a property, does the sale price minus the value of the depreciated property count as profit, and therefore do you have to pay taxes on this profit?
depreciation is magic
Do you have RDPD own store? Or we have to buy the books through Amazon?
So, my question is, since there's traditionally been an incentive for people to borrow money to provide housing, why is it that the government is also destroying small investors by imposing moratoriums against evictions? There are numerous landlords who are now homeless themselves because they could not evict their tenants, but the banks were still requiring their rental property mortgages be paid.
I think it's smart to have additional sources of income other than just your rental properties.
That's why investors are flipping right now...not buy n hold
@@JohnQPublic345 right but not if you had tenants then no way to sell is there?
@@uploadtime1780 weeeellll...thats tricky. I hope their gas, water, and electricity dont turn off
@@JohnQPublic345gotcha!
@@JohnQPublic345 Assumption that you have the utilities in your name!
What about the property tax which is only applied to real estate and not stocks? Doesn’t that make stocks more attractive?
I've learned how to be a property manager from renting the passed 6+ years, I think I'll be fine. Thanks for the awesome advice guys
Thanks for watching'„ endeavor to write as soon as possible for more enlightening tips
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Let me see if I got this right... So if I buy let say 3 properties and my cash flow pays of my debt. In order to not pay taxes I can either A) buy another property which will put me in debt or B) sell a property I already own but look for another property to buy that will put me back in debt