THE BIGGEST MISTAKE YOUNG PEOPLE MAKE - ROBERT KIYOSAKI
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- Опубліковано 5 бер 2018
- Best known as the author of "Rich Dad Poor Dad"-the #1 personal finance book of all time-Robert Kiyosaki has challenged and changed the way tens of millions of people around the world think about money. He is an entrepreneur, educator, and investor who believes that each of us has the power to makes changes in our lives, take control of our financial future, and live the rich life we deserve.
With perspectives on money and investing that often contradict conventional wisdom, Robert has earned an international reputation for straight talk, irreverence, and courage and has become a passionate and outspoken advocate for financial education.
Robert’s most recent books, "Why the Rich Are Getting Richer" and "More Important Than Money", were published in the spring of this year to mark the 20th Anniversary of the 1997 release of "Rich Dad Poor Dad." That book and its messages, viewed around the world as a classic in the personal finance arena, have stood the test of time. "Why the Rich Are Getting Richer," released two decades after the international blockbuster bestseller "Rich Dad Poor Dad," is positioned as Rich Dad Graduate School. Robert has also co-authored two books with Donald Trump, prior to his successful bid for the White House and election as President of the United States.
#robertkiyosaki #richdadpoordad #millennialmoney
www.richdad.com
Facebook: @RobertKiyosaki
/ robertkiyosaki
Twitter: @TheRealKiyosaki
/ therealkiyosaki
Instagram: @TheRealKiyosaki
/ therealkiyosaki
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"I make more in a day than most people make in a lifetime." That's where I want to be.
But the truth probably is, your expenses go up too, so you're just making life standards higher
That's because given the choice it tends to be a hell of a lot more fun to have life regularly outdo itself than it is to consistently force you to lower your standards because it's a depreciating asset.
That's why the homeless today have access to better healthcare than Egyptian pharaohs did way back in the day. When a new opportunity to (sustainably) raise their own standard of living presents itself novelty of the perks depreciate the rich man is willing to hand them down to the poor man.
The difference between being a rich man and being a poor man in this sense is the poor man will die ashamed of having lived a life of worrying about the where their next meal is coming from where the rich man tends to die worrying if they got as much value out of their 1 lifetime as possible.
How much do you think Robert earns in a day?
@@sargasticheart7427 dude that shit aint gonna make u any money.. stop investing in someone elses money pyramid :)
So in short you either do what you love or you get what you want. No one said getting to being rich was easy or enjoyable
Well, I can agree with some of what he said.
(1): sometimes doing what you hate in order to get where you love.
(2): Making investments that will bring you passive income.
(3): Some things you may want in life take time and money (within these examples, I paraphrased a little, but that's another point he made). However, if you take a look at actors, coaches, sports players (athletes), musicians, Chefs, Entertainers, News reporters, (including the ones he mentioned... doctors & lawyers), etc... they all do what they love and many of them make a crap load of money whilst doing so. There's a big difference in being so filthy, stinking rich as to where you can LITERALLY go into a coma for 2-3 years and still have lots of cash to your name VS having enough money to own a house + car(s) and not have to worry about monthly, or annual (yearly) money for paying taxes, medical bills for you/family, (or even a friend). My point is: For anyone who may read this, WORK in a field that you love to do ANYWAY and the money will come to you if you learn how to make profit from it or possibly open a business in it.
“When it comes to money, the only skill most people know is to work hard.” - ROBERT KIYOSAKI
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You here? Seems like you practice what you preach, thanks for getting me hooked up on being successful 😉
Yeah
You do have to work hard. It only depends on how you do it. You have to be part of that game. Otherwise you will be played.
How to package a business is making the shiny object. It may be for other investors who know the industry somewhat and not the general public.
Most people never win because they are more afraid of losing. That's why I found the school so stupid. In school, we know mistakes are bad, and we are punished for making them. However, if you look at the way humans learn, we make mistakes. We learned to walk and fall. If we never fall, we never walk. The same goes for learning to ride a bike. I still have scars on my knee, but today I can ride my bike without thinking. The same goes for wealth. Unfortunately, the main reason most people are not rich is because they are afraid of failure. Winners are not afraid of failure. But the losers are. Failure is part of the process of success. He who avoids failure avoids succe
100%
wrong! its totally based on LUCK"!
Hmmm thats right. Should not be punished for making mistakes but the measures should be there to learn otherwise mistakes will happen more often
A line from ‘rich dad poor dad’ eh?
@@tr0llpatr0l86 luck can be a factor, true, but is not 100% important.
“I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.”
My favourite quote at the moment
@@jeffsekinger7032 I totally agree with you it's really a matter of making the right investment, any average person can become wealthy when they start investing more than they spend.
I'm pretty new to forex and haven't made any real profits yet, I'd appreciate some advise please.
@Luis Fraire I suggest you take your time and make some research or simply get an investment advisor
@@brendaalves7842
I have Just one rule. when you want to make an investment you have little or no experience in you should always seek help from a more experienced person.
@Liam Kentucky Mr liam!!! What are the odds this being the same mr liam i know.
Really have to read most of his books Robert Kawasaki's before you can educate yourself so you can get to this point we understand that the only way you're going to accomplish anything in life is to get a business start your own business because then you'll understand about taxes what he's talking about is the four quadrants you're on the wrong quadrant when you're a poor Dad when you're rich Dad's or on the other quadrants so the whole outlook you have to turn yourself around you've been driving down the freeway the wrong way you got to go back the other way and once you see that it's only through a process of education you're going to change your ways so it's just a financial mental attitude that you're going to have to develop and only way you can do that is through education and eventually you'll be coming on entrepreneurial you'll get into the entrepreneur program be able to start your own online business and you'll become successful but until then you're just a poor person who keeps on spending all his money everything's a liability he has no assets and then you wake up one day 20 years is gone by and you have no retirement nothing you lose your job you're fired and you're out on the highway wondering what happened
Robert Kiyosaki is beyond amazing. “How to secure wealth”
I am fortunate I made productive decisions that changed my finances (accumuIated over 1MiI in 2years) through my financiaI coach. Bought my 2nd house in January, and hoping to retire at 51 by next year.
My life is in a mess. Any tip in shaping my life.
To possibIy grow your finance, a mentor is needful to make it a reality. I engage in aIot with the ldeas of my mentor and so far have achieved so much already.
sear ch her full name below, if you care
Rebecca Martin Watson.
Just to let you guys know, there's nothing wrong with doing what you love. Its not greedy like Robert said. This field is not for everybody and that's okay. Being a carpenter or doctor or firefighter etc. there is nothing wrong that, we need people like that. Just wanted to remind people.
Too right. I mean if everyone is the boss, whose gonna work for the boss?
exactly! totally not greedy at all, we all deserve to do things we love. i think purposely doing things you hate and makes you miserable just to get more money is greedy.
Money is everything in life, money is power without it I'm not a man I'm a rat
Very rong, they never ever be rich and have their class
@@goncalotome1791 money is not everything troll
I'm 24 and I'm poor, for now...
I'm learning because I don't want to work for money, I'd rather have it the other way around.
I love technology, except technology is something you constantly have to work on for the field is ever changing and evolving with new components as well as techniques. Although I'm new to the field I love tinkering with components and looking at waveforms finding out why it happens(math involved).
I've learned that everything in life comes by with two crucial decisions(your choice) one must abide by in order to do something(anything), and those are: Sacrifice and Compromise.
You work for what you want.
Work is either learning something or doing something that takes time out of your life but it can also be doing something you love as a hobby.
Getting from point a to b is work.
A to b can be anything moving from present to future for anything that occurs is in a linear fashion.
You sacrifice time for a new endeavor.
Compromise is always there, we have to communicate with other humans in order to do many things such as expand on an idea or generate a bigger social circle.
Everything that occurs in life is an opportunity to learn from whether from a failure or a success.
Funny how people of my generation instead have always been told (are still told) ‘NOT to do what you love’...that one should chase and keep for life the secure job and put up with all the toxicity and slavery that come with it. We’ve been geared from school to be good, loyal robotic employees, to be good at following orders and sacrifice all our life to the secure job, even if you hate it, we could not afford the luxury of choosing what to do and paying jobs would always be painful. That is exactly the opposite of what you love! Being in the ‘employee’ quadrant for me is not ‘doing what you love’, it’s exactly the opposite. Most people are stuck in there out of fear of loss of income and low self-esteem which is even further increased by being there. End-results: future poverty, resentment (which explains the toxic work environment), burn out, very low self-esteem and often loss of ability to learn which both keep us slaves, loss of life force energy and loss of mental/physical health, regrets.
@The Rich Dad ㊉①③③②②⑥③②①⑦⑤ many thanks for your kind reply and for all you’re doing for us all. Much appreciated.
This made me realize that if you really want to do something just go for it’s never to late or early “what do you really want in life” .
Bro this dude 70 and lookin 50
Edit: ok I haven't looked at this in a while, I guess 1.5k people thought this must have been super funny. Kiyosaki still looks great tho.
Tyler Francis bc he don’t stress and workers his ass off
How do you know he is 70? Smuck
43 seconds in he says, “being I just turned 70”. Schmuck.
Klaidas Kuisys do your research asshole before nagging he just turned 72
Thts wht you get when ur rich
(literally super rich) 😎😎
"That's why my poor dad was poor; he didn't like to make mistakes."
@aena his money his choice, if something he did blew up you would think very differently
@@aabidullahmaajid2534 such a terribly made scam smh
@aena yo wtf 😨 You are here too seems like u are also interested in Business and real estate well I will do this when I successfully immigrate to Canada
@aena I will first do my bachelors in India and then go for pg diploma in Canada and after the pr and I will do my MBA and start my own business.
@aena Well yes people do get jobs by doing diploma but your salary will be low as compared to a degree holder . I would recommend you to do a bachelors degree after getting the pr
I’m glad I pulled through, despite the crises. I am retiring next yr at 55 with 3 houses paid off worth 4.5 million . One is my place of residence the other 2 properties will give me $80,000per/yr rent . I will have an income stream of $20,000 per yr through my super which gives me total $100,000 a yr to live comfortably . I have no debts ... Stay Motivated!!!
That is so amazing, I’m trying to get onto the housing ladder at 40. I wish at 55 I will be testifying to similar success
Do you have any tips for someone interested in starting out? Especially about the money side of things when starting.
"Passion is for the greedy, purpose is for the people"
"If you want to do what you love, you have to learn first what you hate"
I hate to accept it but that's the reality. Thanks Sir Robert!
If you want to do what you love, you have to learn first what you hate
Passion is not for the greedy. Hell is for the greedy. Passion is for those who have discovered their purpose.
If passion for the greedy, and purpose is for the wealthy, why then are all the passionate people poor?
All these wealthy people in the world don't seem to be sharing any of their money with the people who are starving to death.
Yet they have far more money then they will ever spend in three lifetimes.
I call bullshit! Wealthy people are, for the most part, excessively greedy.
@@kenkneram4819 Poor people are the greediest people on the planet. That is a simple, provable fact.
As for passion, there are people passionate for Jesus Christ, and people passionate for their own selves; nothing in between.
It is my Christian duty, as a faithful servant of Jesus Christ, to build wealth that serves as a walled city (inside of which those depending on me are safe). We are to labor with our hands that which is good so that (for the motivating purpose) of having to give to all who need.
That other people are rich, and not giving, is simply true, and totally consistent with the sinful, cursed world we live in. See in your mirror the hatred you have toward the rich, when it is your education system that should be the target of your wrath.
There are those who complain, and those who accomplish great things. You are clearly in the first category. When you stop being greedy, you are qualified to righteously build wealth.
I am happy to help you!
@@kenkneram4819 i personally think that passion is about yourself and purpose is about what you do for others. Wealth comes to those who bring great service to people and the level of service varies. The amount of value you give is what you get. I think passion pays but it depends on how much it contributes to the economy and society. What kind of rich can you get from something you value that people don't? Wealth is something you build, not what you're born with and there's always a bigger price to pay for the greater good. Things like greed or selfishness, do they really matter anymore? You simply have to strive for what you want.
Girl is annoying....just repeating what he says, why not ask real questions, what really concerns the people watching
Maybe she hasn't any meaningfull questions and is just repeating in order to demonstrate that she is following what he says.
its a fucking infomercial promoting himself you idiot.
she is an actor, a pretty bad one at that.
Questions like what?
She is hot thou
@@bryansengdeng4983 She is daughter of Robert
as an editor , this feels like they aren't in the same room
I think it also depends on what you want in life. Yes, you probably have to do sth you hate (still morally) to get what you want. But I think it’s you who know exactly what you appreciate the most. In my view, I see a lot of people who have a lot of money but still have many problems. You spend a lot of time making money and that means you spend less time to your relationships. So if you get happiness from getting money more than from being with your relatives, so this video is for you. But if you just want to make money enough just to meet your needs and want to experience or be happy with your love ones, so you can know what you should spend your time more. Cause at the end of the day, you will be happy if you can do what actually makes you happy (not mean you not discipline) more than what you hate 🤷♀️ I mean you should enjoy the process and that’s all.
Purpose over passion... I've never heard of it put like that. Awesome.
can the two align?
Alex DiVecchio learn from
It then
@@gerhettmoser7941 ... If you're lucky.
We've been brainwashed to "do what you LOVE"... I've seen so many millennials have like 15 jobs by the age of 25. I personally don't believe you have to 100% of the time LOVE what you do. It's better to have a decent job/career and have a hobby/passion on the side.
In honesty he's purpose was he's passion bc all along he wanted 2b a business man not have a job!
I got a simple story, when I was in my elementary teacher ask us what we do if we have a million dollar in our hands, other kids say buy a big house or a big ship, some even say a lot of jewelry or something, I say investments, like real estate and stuff(totally inspired my Kiyosaki’s book back in the days), my teacher and other kids laugh at me and call me stupid, 20 years later I can buy everything they said they want to buy that day
That story is awesome! I grew up poor, told these same things (work hard). I came to a realization that this isn't happening! Self help books and tapes, listening to wealthy people not only got me "out of the box thinking" but made me realize that "there is NO BOX!".
Zero cool story, bro.
Haha nice story man
Cool little story but obviously not true😂
@@fezzyfezz_9040 iam sure it's true because i had similar experience that way
I think robert hits the nail when he says dont work for money, work to learn. At the same time we all have bills. Find your purpose.
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“You see in real life sometimes you have to do what you hate” 2:41
this is key.
this is the fucking true in our real boring life! we must understand this soo fucking hard man!
Very true
and that is wrong
Wrong message. Real life is subjective. Create your life, life thru it - not someone else's unexamined enculturation. What a unconscious download to put upon a young person. Horrible. We need people to do what they love, not this post depression, survivalist ideology.
I'm sick of these "sell stuff on Amazon" commercials.
Mr Krabs does it even work or popular Today?
Mr Krabs youtube red. Not that expensive. No ads at all.
Mick Audio adblock. Free. No ads at all.
Jeffrey Jackson doesn't work on mobile.
Are you feeling it now?
Thank you Robert Kiyosaki for your wisdom. Since I started following your work, I've learned alot. Own most of your books and it's mind blowing to see how nieve I was before being recommended to your book rich dad poor dad. Thank you Sir! Would be an Honor to learn first hand from you some day.
Shining objects are like fishing lures they are an illusion, and if you go for them good chance you’re getting hooked in the mouth (losing your money) ,or maybe you go for it and the hook doesn’t catch your mouth, and you will still be swimming (braking even, no money lost). Or you acutely get lucky and snag the bait right off the hook without getting hooked. (Stoke value goes up).
Sure go for that shiny object.
Or go after what’s real, learn the real from the fake. Gold, real estate, food, this is real tangible stuff that has real value. You can’t compare a property to paper money.
In young and new, this is what I extracted from the video, thanks.
the content is good but the interviewer is not needed, Robert could just go without stoping what he's doing
Eye candy
I want to meet this guy and interview the living life out him until he can’t speak anymore
Sanaa Lee Alice 😰😰😰😰 sounds like a scary interview style lol
Kianna haha 😂 not at all.. honestly he is just so good and he keeps asking the girl do you have any questions for me and she just affirms everything he is saying.. someone like him asks me « do you have any questions for me » I’ll be like « hold on tight to your seat and fasten you’re seat belt we are taking off » .. sorry lovely interviewer but I was left like I was about to orgasm every time but she starts talking and I’m like yes yes yes go on say something amazing and stir this guy’s mind to bring out the best of knowledge BUT nothing ... 😢 😢
@@sanaaleealice6781 I agree.. I have about a dozen counter points to what he is saying..
@@sanaaleealice6781 100% Sanaa Lee!
You should read his book Rich Dad Poor Dad if you haven't already! He talks about everything there.
I have the same "asset" going on but its on a game rather in real life,
I was the type to make roblox games and clothing groups just to earn a steady income over time and to feed my liabilities such as vip servers or just advertisements, then proceeding to my needs and wants such as clothes and ingame items. This pretty much worked pretty well even today and I still get a steady flow of robux (Roblox Currency) every week or every month or so without me present to keep things in check.
I'm still young and immature (13) but I still strive to learn and see more about how to invest and how to be a entrepreneur
Its a pretty cool concept to see currency just flowing in and its amazing how these rules can be applied to anything, even games.
Love reading his book "Rich Dad Poor Dad" honestly changed my life a bit and how I managed my money. Finally got a successful amazon business running and investments going my way after years of grinding. If your reading this, this is a sign for YOU! Keep Going! Keep grinding and it will pay off. Let's make this money! 💰💰💰
You have FBA? I was thinking of starting recently
@@JoseToWrite do it ! It’s really worth trying you just need to have the right product and the a really good quality product. Definitely not easy at the start but long term it’s really worth it
how did u do that bro?
i wanna go into amazon but i cant, i have no experience
How does Robert expect one to obtain the consistent capital in order to invest if having a job is for losers?
Word let’s go !!!! 💯🙏🏽🙏🏽
As a beginner, educate yourself: Learn the basics of investing and the stock market. There are many resources available online , including books, articles, and online courses. It’s a good idea to diversify your portfolio across different stocks and sectors to minimize risk. I’ve heard of people accruing over $550k during recessions and inflation, its important to do your own research
Remember that investing in the stock market carries risks, and it’s important to do your own research and consult with a financial advisor before making any investment decisions.
Very true. With the help of an investment advisor, I was able to diversify my $550K portfolio across multiple markets, and in just a few months, I was able to earn over $950K in net profit from high dividend yielding stocks, ETFs, and bonds.
Please can you leave the info of your investment advisor here? I’m in dire need for one.
My advisor is “Helene Claire Johnson”. She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision. I basically follow her trade pattern and haven’t regretted doing so
Looked up her name and her website popped up immediately, interesting stuff so far, about to schedule a session with her.
Passion= to do what you love
Purpose=to invest in what you love
Got it!!👍
Thats not a purpose, its an example of purpose ,please
Invest yourself in building a business in something you're passionate about.
The I would be better suited to Innovate
4 legs good 2 legs bad.. BEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
Shin Drad wrong, investing just means putting something in, that’s your purpose, now something like working for it is something that makes you happy because you are passionate about it
He didn’t say to invest into what u love to invest in what you hate 🤦🏻♀️🤦🏻♀️
I like that he said sometimes you have to do the things you HATE. I think this is true more often than not
Right!
I believe you may have to do the things you hate along the way to your career, but living with a career that your don't even want is a waste of life. You are putting business over well being and happiness if your choose a career that isn't you, and if everyone chose the big bucks over the lesser jobs, than we wouldn't have the necessary jobs that keep the world turning
It's painful, but if you truly want something, do whatever it takes.
@@219isaiah I mean, the things we do don't matter all that much, sure it might be nice to have a lot of money and stuff, but life is a gift which should be enjoyed, and if you die knowing you were never happy, then you lived for nothing. Life is here to enjoy, not work to death for. Life won't last forever, and there may not be an afterlife afterwards, so just live. That's my advice
@@ArtisticScratch I totally agree. Overall, I just want to be the best version of me and make the best of my life.
The biggest mistakes young people makes:
1) Don't say- We don't have to worry because we are young.
2) Don't- Buy liabilities thinking those are Assets. Like: House on loan to live, cars for own use etc.
3) Try to build the right side of the cash flow quadrant.
4) Don't follow passion. Follow
you purpose. Or make your purpose your passion. Don't just do what you love. Also do what you hate to get what you love.
5) Richest people won businesses.
6) Invest in what you love.
7) The higher the risk the more education it needs and the higher the return is.
8) Liquidity is the key. In real estate or big business - you make mistake, you can't get out of here. But where you have liquidity you can get out. Like- Stocks.
Love the message. Wealth is a state of mind. When I focus on gratitude and enjoying today, money finds it way to me much easier and more enjoyable. Everytime I play the game of adding another 0 to my net worth, it always starts with the inner work.
There are lots of mixed opinions about stocks and there projection in the next coming years, I aim for short term solid gains from market correction and I'd definitely jump on the boat if I knew a thing or two about day-trading, but then again what do I really know? I'm just looking for the right moves to grow and hedge my stagnant reserve of $370k from inflation.
it's all hype! best to ignore the trend at the moment whether bullish or bearish, and stick to a proper trading plan preferably with expertise assistance.
Yeah, more reason I enjoy my day to day market decisions is that i'm being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time, both employing profit-oriented strategy and laying off risk as a hedge against the inevitable downtrends, coupled with the exclusive information/analysis, it's quite impossible not to outperform. Netted over $1.5m in return on investment, since using a coach 2years and counting.
talking about coaching, do u consider anyone worthy for recommendations? I have about 80k to taste the waters now that large cap stocks are at a discount... thanks
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, '' Pamela Kay Regel'' turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
Watch this in 1.5 speed. More time efficient.
always bro😉😉
Great Idea because time = money, you just added $$$ to my life, Cheers brah
is that called Level "Asian"?
That's what I do everytime..
2X
His passion is money. So he works for his passion even if sometimes he has to do thinks he hates.
The idea is the streat of achieve what you really want have to do sometimes things that you hate in order to make you closer to what you deserve
Yes.
@Viper thats it
Every action you do has a consequence remember that.
I really like Robert Kiyosaki and his mindset. I've learnt a lot from him!
There is just one thing he says that I don't understand..
He says that he is not investing in stocks and that stocks are for the middle class.
Though he says that the richest people owns businesses with 500+ employees.
When you invest in stocks you buy ownership of a business. Typically a business with a lot of employees and a lot tax advantages.
It's like he's contradicting himself on this point.
I know most people that invest into stocks doesn't really understand what they are doing, because it's very simple to invest into it.
Therefore people aren't doing their research when getting into stocks.
Maybe he is just trying to explain that investing into stocks wont make as huge a return in profit as starting your own business..
Totally agree with Robert. Do all those things you hate to do ,but have to do,to get to were you want to go.
most people will watch this, and forget about it. Then go back to their 9-5 jobs, including me.
Same here, but I will go to that "job" because I need income to save or to get a loan, and the those savings/loans will allow the future investment on assets, it's matter of time to get fhe goal done
thats your own fault
Good, less competition
9 to 6 job plus 1 hour bus before and after work
DEEPSOUL 😂
A few months back I hated working. I am 19 years old and I absolutely hated going into work at my warehouse job. I would make every excuse in the book to leave or to not even show up. All I wanted to do is quit and start a business and become an entrepreneur and make tons of money but had no idea how. I finally understood that sacrifice has to be made to get where I want to get. I had wasted so much money trying to invest in my ideas rather then just saving every penny from my job. I WAS GOING BROKE TRYING TO BECOME RICH! Advice that I would give to anyone that might be in the same position I was in. Save all your money, don’t jump into any ideas you’re not 100% about and not 100% committed in. Take 1-2 years and save everything you have, evaluate what you are gonna create or pursue before doing it. By then you will have 4-8k saved depending on your job to pursue your dreams.! Hope this helped!
What do u mean I Need to save..aren't we gonna invest money for better outcome?
@@a34rosangpuii77he’s saying save your money for a bit to evaluate what you want to do with it. Then you invest it. Always make sure you have an emergency fund to fall back on. You don’t want to take out loans consumer loans(credit card loans). The only loans you want is for assets. Like a mortgage for a house. Or an investment into a business.
@@a34rosangpuii77 first you need money to invest and the only way to obtain it is to save money first.
What ended up happening? I’m in the same situation. I’m going to invest in silver.
Question(s),
how do you create your own assets as a "professional investor"?
investing in mutual funds, stocks - what would be some examples of the alternatives?
The biggest mistake young people make is not habituating thinking for themselves; following crowd thought. Once you have your own definition of success you can research and move toward it.
This video touches on this but life doesn't need to be all about money.
This girl sounds like someone being brainwashed into something good.
She is being unconsciously enculturated into the ideology of another's inherited ideas following the trauma of the great depression.
@@s.mendez7160 which is great
Ali Almulla lmao so true
This is a planned session. you just think is she asking those questions one of young gen have.
He seems to be operating some kind of MLM crap, makes sense
He is a great teacher though. The girl seems clueless about the lecture, this can spark an enormously educational conversation. She is super lucky to even be near this man, put some personality and enthusiasm into it dammit.
Pearls before swine
I agree!!
Hell yeah
Nobody is lucky to stand in front of anyone. We are a humans
Blacbird no you can be lucky to be in the presence of someone that can change your life drastically for the better / now if you argued everything happens for a reason that’s another topic
You work for a 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a bitcion coin for just fe months and now they are multimillionaires thanks to Charlotte Grace Miller
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
The very first time we tried, we invested $1000 and after a week, we received $7500. That really helped us a lot to pay up our bills.
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
I'm new at this, please how can I reach her?
she's mostly on Instagrams, using the user name
Thanks 🙏 mr.kiyosaki "the more you risk same time it's the more you get near to succeed"here in our beautiful Africa most of people they fear when they near to face risk I was among of them but now it's over.God bless you mr.kiyosaki you are welcome in Africa particular in East Africa,in Dar es salaam, Nairobi, Kampala, Kigali, Bujumbura.
i wish i had a teacher like him when i was in highschool.
It's not too late dear
His whole “Rich Dad” philosophy is a sham. It’s a clever and manipulative salesman who can convince people it’s greedy to not be wealthy and to pay lots of tax.
Read up on the guy, his only business success is selling his “educational materials” such as seminars and books about how to become wealthy and successful. The only other businesses he’s ever owned or started were bankrupt in a couple of years.
@@lordmord8378 ^ Finally someone said it....
If you actually listen to this guys videos, he goes around in circles saying a lot of big words but never ends up telling you HOW to get there, don't know how people cant see that? As for that young girl thats on the show, he's probably clapping her cheeks
@@christosraptis9804 mindset I think is what he said
@@nonametrigger You can have all the dedication, read all the books, be smart, and hard-working, and still you can end up poor. So mindset isnt obviously everything. He said himself it was hard to get to the big business. And that he was starting from poor, that he had nothing. But somehow he got started, maybe at the small businesses where he didnt want to be in?!
He is missing a few points. Overall he is giving some things to think about.
My recap:
Big Business + #Professional Investor > #Employee + Self Employed(can't stop working)
Learn about #taxes
Create your own #assets
Learn about #lawsuits
Invest in what you love.
Own Businesses - stop working
Learn about Taxes, debt, school, debt, accounting, insurance, real estate.
Paper (stocks, bonds, ETF, 401k, IRAs) & #commodities (food/farming, oil, gold, silver)
Use other people's #money. Business affords the assets you want.
#Education and #dedication
Liquidity matters; less liquid assets require more financial #intelligence upfront.
IPO = Turn business into paper.
What does that last one mean
The "IPO". What is that?
@@joneh9483 Initial Public Offering. Look it up on Google.
Before we learn to use other people's money we must learn to use ours too. That is why I never use Starbucks. Following F.I.R.E till I realized something more
Considering the current market conditions, AMS99T appears to be massively undervalued
With the potential AMS99T has shown, I wouldn't be surprised if it surpasses even the most optimistic expectations
the material is good, but please drop the millenial
LOL i agree
I quite like it. It's basically a Socratic dialogue. An ancient technique.
Generation Z ftw
Please what is the millenial?
Why? Millennial just means someone born between 1981 and the year 2000 since we are born into a different technological and industrial economy
I understand Mr. Kiyosaki, I'm a business owner myself but I feel as though he discounts the importance and necessity of the working class. Someone has to respond to disasters, pick and pack the oranges, rehab the injured, clean the windows etc. Also, never discount the element of happiness. Happy people spread happiness to others and make the world a better place. Everyone doesn't have the desire to be a business owner or make "mega" money and that's perfectly fine.
yes sir, I run some businesses myself... I am not saying he is wrong, it is just you cannot have bosses and everyone is a boss, some people just like being stress-free and I think it is just up to a person, some people are born differently. It is a personal choice, but dream big and that is why life is so interesting and worthwhile to live it.
What Kiyosaki and every successful millionaires are all trying to say and no matter what angle you look at it, it boils down to the same thing. It's how you invest in yourself it's you who secures the life you live.
And I wonder if every poor person on earth would live what he preaches, would it mean that everybody could be his own boss? You can only be a boss if you have employees if they all become bosses, too, who will be working for them? I guess there are people who are destined to be poor on the outside and rich on the inside. And people who can be rich on all levels. And each is blessed on different levels to be a blessing to others. What is money good for if it's not used to create great things with it? I know many people who have tons of money. They have houses, cars, titles, success on the outside, and on the inside they're dead. People that would never spend a Dollar on something that's not beneficial for them. "If I invest in a homeless guy what is it good for? How will this serve me?" There are homeless people who could create a better world if they had money. There are so many people, who have beautiful minds filled with innovative ideas, inventions, even worldchanging concepts but who are struggeling wih basics, like where to get their next meal from. I still hope that one day we will all be able to give our best to serve each other the best we can. So there would be no need for money anyways.
Thank you sir for voicing this out
@@theycallmedeeEmcee the world you envision requires each individual to be not ignorant, not lazy, not selfish, not greedy, not egoistic, and most importantly, not tribalistic. It's a very good aspiration anyway.
TODAY'S GREAT ADVICE:
Wednesday,04 October 2023.I so much appreciate this lesson for enriching my own life.I have alwasy thought that one,and so I've lived to do what i love.But this clip/video taught me to DO WHAT I HATE!
Best advice ever for me.
Thank you so much
“When you’re young, everything is fun, life is exciting” am I doing the whole youth thing wrong or????? 💀
Oof
😂😂😂😂
“A lot of these guys get trapped here doing what they love”
Wow, sounds terrible.
Right, I'm not sure why doing what you love and having money seem mutually exclusive. I think figuring out how to make what you love generate you money makes the most sense.
I kind of understand what he says. Right now I am doing the job that I love but I realize it's not enough. The salary that I make is not enough for me to sustain my future. Now I am finding and learning other ways to make myself big even though I'm lazy to learn it. "Sometimes in life you need to do what you hate" that's avery good continuation on what he said
Maybe a better example of it is a painter who wants to be recognize also needs to learn about business and how to market his/her arts and also need to learn other ways for his/her business to grow
a year later and how ironic, i bet you arent "trapped" doing what you love when covid hit and you were kicked to the streets
Cashy 1 is that directed at me? I’m still doing what I love from home, making more money actually. Sounds like you’re projecting, were you “kicked to the streets” yourself?
Bitcoin: Take everything you dont know about computers and combine it with everything you dont know about banking.
Rhett A. Lighthall 😅😂😂😂
Bitcoin .. fake stuff for techies.
jabberwocky1969 Depends whether or not your think code is physical or not.
The world is shifting and it’s not getting further from Cryptocurrencies, it’s getting closer.
Research what China is investing in right now
@@jabberwocky1969 in the future moneys are DIGITAL, no longer physical with paper or coins. E-Moneys is becoming reality in next decade
@@harpuria Until the Ponzi scheme implodes. Give it 2 years.
No matter how hard you train, if your diet is poor you probably won't make any significant progress. You can't out-train a bad diet and I can't emphasize this enough. It is the same with investment.
I need some help. I need to make a move to protect my nestegg now. Could you recommend anyone who knows how to pick companies who has good specs ?
@@annetterobinson4877 *Mary brigid Mullin* she is amazing. just need to look her up
@@charlesball1644 Thank you very much, for the heads up
We always thanks for your brilliant lessons. Hit the spot always and true.
Robert is dropping some golden nuggets🔥🔥💵📚👌
Joey Guzman
Yes
Amen! to that!!
Joey Guzman no kidding.
he does help give people the right mindset but he's still a scammer for supporting MLM
😘
So I learned:
1. Build assets
2. Liquidity is key
3. Business, RE is really hard
4. Stocks provide liquidity and are an asset that can make you rich
5. Stocks are easy and require less Financial IQ
6. Don’t bother about what you love
-> I’m going all in into stocks
It harder to leverage your money and gain consistent cashflow going all in with stocks. Don't forget about real-estate.
@@patrickoregan9945 pls explain
@@bobgachris5365 you can use bank mortgages to leverage property investment
@@bobgachris5365 play monopoly then you will learn
Fr
How so? I’m interested but with close to no knowledge of how to go about it.
@@Alejandracamacho357 I work with a fiduciary, Susan Agnes Hancock
on her webpage you can look her up online, and connect with her
@@marianparker7502 Thank you for getting back. I've come across people talking about her on other mediums. Must be outstanding.
@@marianparker7502
Buy a good cross section of an economy and you should do well over the long term. The market wil be high in 10 to 20 years, and significantly higher in 30. It's almost impossible for a company with no debt to go bankrupt. the U.S. is about 50% of the global market place, Pay yourself first. It's time in the market, not timing the market. last year I invested 100 grand in the S&P 500/ an allocation fund (with the help of my Financial Advisor Rita Lynn Evans of course) and made 370k, but guess what? I put it back and traded with her again and now I’m rounding up close to a million.
Gonna go buy a fixer upper and rent it after purchasing my first house. Let’s make money moves boys.
Nice channel, do you monetize? +1 for that cash flow
just curious, i on where you at with the upper fixer? Please let me know how it's going so far/
Reach on chat
Through whats app
how did that goe bruv
He's not talking to everyone just those with the initiative.
True. Things are useful only to those who seek it
I wasn't even talking about myself. So no self flattery here. And no everyone does not take the initiative.
True!
How so? He responds to that silly woman.
If by initiative you mean money, of course.
Otherwise, try to have initiative when you can't barely make a living.
SPECIAL THANKS FOR ROBERT KIYOSAKI , ITS VERY EASY TO LEARN YOUR MONEY LESSONS ,u are real human God! ! Thangs u so much ,i‘m indonesian
Mr Robert forgets that we as human we’re never gonna be the same. Some have to tstick with what they love for good. Some have to take risks all the time. Some are already sufficed of what they have right now. Every individual has (thier) own capacity. This is my capacity which is “ I love what I’m doing and that’s it” I’m not greedy. Sometimes Mr Robert forgets that it is (them the people who love what they do) who build rich dads business around the world. Imagine if there are no passionate people who really love what they are doing. The world’s economy will be destroyed. The life would be Imbalanced. Those passionates and those middle class people are the artery of any economy.
☝️☝️ leave me a message, I've got something beneficial for you.. ...
Best part
"Less liquidity, more financial iq"
Thanks Robert🙏
people who are saying "if everyone becomes bussiness owners then the worrld is gonna stop." listen up, he didnt necessarily imply that everyone has to only be business owners. you can be both an employee and an investor/ business owner. there's no rule that say you can only be one.
The thing is....
Some peopole dont want to be rich or just don't have the mindset.
Even if alot of peopole become buisness owners there will always be an uneducated fool working for you.
It's just the harsh reality
Despite the economy crisis, this is still a good time to invest in stock and crypto.
The rich spends less and invest more.
Stock are good but crypto is better.
Recently I Wanted to trade crypto but got confused by the fluctuation in price.
@Catherine carr it's Seems like her success story is everywhere, how do I get in contact with this mrs Hanna macko ? I realy need to know.
@Catherine carr Thanks for the recommendation and I will surly do that
Many people enter the cryptocurrency market to make money, but not everyone succeeds. Some either give up or lose money because they do not properly understand how to make money with cryptocurrency. Instead of just jumping on and buying anything you see, seek advice and counsel
Your approach is correct and shows you have lots of experience, but since everybody wants to become rich overnight most coming to the markets newly don’t seek professional advice
With the help of Sheila Marie Brown I have been making consistent income from investing in cryptos.
When you work with professionals in any field and do your homework, you will almost never make a mistake
Sheila Marie is a renowned financial advisor and career developer known for her unconventional approach to money, which combines personal finance with personal growth
The pandemic year was a very significant one for cryptocurrencies and blockchain. Fortunately for me in the face of such extremity and economic meltdowns I made off some money in cryptocurrencies all thanks to Sheila her expertise has been very instrumental in my financial journey
_"Want to do what i love"_ is a big reason many millenials fail. I am millenial and with 19 i wanted to become a designer and loved what i did with photoshop and games but after school it took me 5 minutes research to see that designers are paid much less ... so learned programming ... and now its also fun and love.
But with programming i became a specialist with high hour rate and then i started my own company with my first employee. Now the doors are open for the big picture.
Because i started doing somehing i did _not loved_ but it gave me the possibilities to have much more fun and options.
I'am about to apply for my college and Im stuck between choosing financial management course vs the course that I really loved. I'm weighing my options and it made me realize that my passion and the one I really want will make me live paycheck to paycheck.
"So good the can't ignore you" provides the same idea
“Passion is for the greedy, purpose is for the people.” This interview really just changed my entire mindset. Great stuff.
That line, that line, that line is the cross road.
Do you even know the meaning of passion?
I can write songs. I studied music but should have stayed with my master teacher. pressure point in the music industry is people don't get paid there royalties or there product gets pirated on some website so the end up selling time instead of duplicating themselves through their product. Any advise for people in there 20s and 30s in my situation. I currently teach music But I sell time?
Moral of the talk: you need to love “ what you don’t like to do the most” so that eventually you can do “ what you love the most” . Good one
Here we have TWO ISSUES to be discussed:
1. People wanna get some good level of security and financial freedom so definitely should think about new ways of earning money and to create sources of passive income (definitely!).
2. However the world needs to be balanced and you cannot say that there will be entrepreneurs only cos all companies need to have EMPLOYEES. All rental property owners need to have lodgers. Nobody should say that having a job is a tragical mistake bcos that mentality would be also very harmful to the employers.
All people - employees and employers have to deal with so-called economic cycles and changes of trend in the global markets so nobody is completely safe and should be flexible bcos things change and it can’t be stopped.
We need it but the most of the people don’t want it, that is the point my friend
Well said point no 2👍
it's like you are saying when people grow up there will be no kids. employees will always be there because people are born everyday plus it's not everyone who succeed as an entrepreneur. everyone will start somewhere as an employee, gets promoted, get your own business, die, etc
Steve jobs did what he love.. goal is make enough money and start investing that you could do both
Love of money is root of all evil, you should seek money for freedom in the future to do to what you love, to provide products and services others love, to display love to others in philanthropy.
Cal Newport in his book “So Good they can’t ignore you” broke down why Steve Jobs didn’t follow his own advice when he started. Basically follow your passions is not the best way to find fulfillment or money but creating the best value for the most amount of people, and what Newport suggests is to find how to meet the need for most people and put love into your work. Jobs wasn’t a tech guy in school but he was an opportunist.
Lol, he hated working for Atari
totally agree
Exactly!
People have a different start and different determination. They want to take the risk, but it is just too risky. They, people you call poor, don't know where to start. Make a business needs money, education is not free, even accessing the Internet is so challenging for them. They need to work hard just to reach the start. Privilege is everything. You will have very low probability to be rich when you work hard alone. Rich people that starts from zero will always found investors that is rich and see big potential on them. That meeting changes his life. If he doesn't meet him/her, he will be poor forever. We need contact and contract. If we sell something, sell something that will make people buy more. You depend on rich people to get rich or reach as many people as you can to get rich. Chances they got are pretty slim.
Ok so he is saying to focus on investment stuff first but I don't understand from where do I get that money needed for investment ...yeah most probably other 2 sections of that quadrant..
Hi, tell Robert it would be nice a Q/A video, and this series is pretty good, thank you.
No offense to the girl, but I almost feel my IQ dropping when she talks lol.
I understand why she's there I guess... But adds nothing to the conversation and looks like she's just repeating his ideas for brownie points
Preaching
It would definitely be great if she asked him some questions (on behalf of the people) to go deeper into the topic and extract some valuable insights.
In the latest episodes of Millennial Money series I've seen a lot of these comments where people are't happy with the way the conversation gets broken up by her intrusion of reiterating what (Robert, Tom and others are talking about) without letting them say it for themselves. Most people who watch these videos are here for a reason and have the will and capacity to hear and listen to everything without being interrupted every so often.
It's staged. She can't ask what she wants. Thats also journalism, ask questions that you are told, and then only when you get higher in the company, you can ask questions you want
Is that what u learnt?
Probably because she's smarter than you and you realize your IQ isn't high in fact.
As a cinematograther, the editor needs to watch the audio. change it all to mono or all to stereo. Any over then that great video on finances
Waah, I learn many things here. But there is a different perception about passion here.
From what I learn, passion doesn't mean "what we love to do", but it means "to suffer".
So I think Mr Kiyosaki do his passion a lot. Cause I believe he agree suffer a lot on purpose 🥳😁
But, I also believe Mr Kiyosaki talk about passion here as "what most people think" in his opinion. That's what makes you special Mr Kiyosaki. You make it easy to understand 😉🙆
Love Financial Freedom; the rest will follow. Your passions will change as you get good at Investing. Were passionate about what were good at. You can learn new passions.
I highly disagree with Robert and Alexandra on their viewpoints about Bitcoin. The problem is that the average American sees Bitcoin being a "shiny object." They see it as another phenomenon or bubble that will soon loose traction. They see the currency side of Bitcoin but they fail to fully understand the innovations that blockchain technology has to offer to civilization and how it can radically revolutionize our world. Everything from crowd funding, smart contracts, and peer to peer transactions. The world is going to move towards a decentralized trustless economy were trust will be based on code and inviable laws of mathematics instead of trust from the government and centralized banking structures. The rules of the game is changing. Internet money will be the money of the future.
Based on Kiyosaki's life, experience, and education, he probably knows more about money than all of us do. If he sees Bitcoin in the way that he does it's probably because he is highly educated about it, otherwise he wouldn't have any bitcoin to deal with.
It is the shiny object because like he said you dont need to do anything to start a bitcoin, you just sign up. It's the "shiny" object because it is quick easy money without doing anything. Kiyosaki teaches that you should work hard to get to the real financial stability, not silly bitcoin.
Yes. Maybe it wont be called Bitcoin, maybe it will transform into something better. Just like Myspace was first social media and then cane Facebook.
How do you feel about Bitcoin now? How much did you lose?
@@JWFitness1 i'm feeling good, i bought bitcoin 5 years ago ;)
@@giampiero6567 I love this reply!!
Ive read all his books and love this man. He is the best teacher! 23 years as an entrepreneur and getting better every day. Love it
Any advice for a newbie like me
Great...
@@nabeelhakeem3593 read rich vs poor dad book.
thank you for sharing greet idea and show me a lot of thing how to choose work life. and some people always afraid of fail and mistake and they always choose to work for other people are easier than
I was 19 when I made the decision that I would never live beyond my means and that proved to be the right decision. I am now 71 and I have no debt. Everything I have I own and I saved enough to enjoy my retirement fully. No, it wasn't easy and yes, many sacrifice were made and to manage it all, a budget is key to control it all.
I appreciate your efforts but apparently earning more is better than saving more.
@@starryscars5994 yes, cause do to inflation the value of money decreases, if we invest the said money into a growing field that can give periodical returns, I think it might to a certain extent deal with the inflation problem.
Though, I still agree that one should save till a certain extent.
Get off youtube old man. Surprised you managed to open this by yourself.
a very different time, then. Mistakes were not as expensive then as they are now. Going to college for just one year cost as much as it did for 4 years 30 some years ago.
@@akeemrollins2327 No excuses. It is the same today. You make the right decisions and you will have a nice life. Going to college is too often oversold. Especially with the brain dead professors they have now.
"People think I like to write books, I HATE writing books" I'm DEADDDD
He makes from it he have no choice
@@clementadomako3301 bruh do you even know this guy
😂
I took 30y to learn this lesson, "Sometimes you just have to do what you hate"
Roberto thk u for sharing your knowledge, it will help a lot of people.
or as Gary Vee would say "eat $hit"
Can you share your story
The sad part is that, The more you make the more cheap you become, because greed kicks in, and your primary focus becomes continuing to make more and more, that is just why I'd rather continue waking up every week day at 5am, head over to Enterprise, do what I like and wash rental cars, I may not make that much money, but I can proudly say I am Stress Free, and Happy.
I should not miss a small information from Robert Sir.
I'm thinking only one thing that how can i contact Robert sir and learn a lot from him..
8:00 "I love trees." Likewise my guy
Trees are commodities too ;)
Trees all day!
@@stonervisiontv1388 All day everyday!! My favourite souls to be around are the trees.
Him telling the difference between passion and purpose might’ve saved my life.
what is the different?
"some people are so poor all they have is money
@@lukasst1411 would love to know too
@@lukasst1411 because passion is greedy, purpose is the fulfillment of your life and in order to achieve that, you also have to endure things you hate.
@@mukoroelohor6722 Then I wish to be so poor
Find the purpose of your doings and live through it daily until you receive it. eventually, you will receive it. Your purpose can be anything but if its becoming wealthy then listen to him and use your brain. Don't follow him blindfolded. I like his mindset and wish to be one now.
This girl isn't asking any questions, she's just accepting whatever Robert says.
What?
@@daju.9786 I agree. Maybe a google translate error?
The richest people all wear those 👓
I should invest in that glasses company 🤔
Redistribute wealth by creating products those with wealth want
😁😆
@Klippy Klop
Basically, aristocratic wealth is created by the most productive family members at some point.
It doesn't mean that their lineage deserve to carry the wealth forward, as they don't possess the intellect to create it.
I'm trying to prove that it's possible to create something out of nothing.
If you can find cheap or alternative ways to create things, you'll find your way to whatever it is you really want.
Think about what the wealth you desire will buy you.
Only psychopaths with inferiority complexes want to horde gold like Scrooge/Donald Duck did
Personally, I've been wanting to bring my family together and see us all happy, living in harmony together.
I'm now pursuing the path to making that happen
Think outside the box my friend.
I believe everyone has something to offer.
Took me longer than most to find mine. You'll find yours too x
@Klippy Klop hmm
Hahahaha hahahahahah ahhahahahahahahahahahaaah.. PD u got me laughing so hard. Ahhahahhahahahah
I am the young guys who always think about doing what I love. Because I think I can do it better since I have passion on it and I do not wanna take risks to get out of the comfort zone. I find that most of my friends have the same problem, they do not wanna take risks even they are young. It is not bad for people to do what they love, but there is a chance to learn new things and grow up when we get out of the comfort zone. You need push yourself to learn things when you do something that you hate or not familiar with. What is more, if you make enough money like Jack Ma, you can invest what you love and you can do what you want. Therefore, we should try and learn new things instead of staying in the comfort zone, we should be brave to take risks and learn from the failures.
Here in Brazil we have a very different mentality, Thank you, mr. Kiyosaki. You open my mind right now
So basically what I'm getting out of this is to take risks in learning all aspects that has to do with liquidity in the benefits of just learning them?