Why Most People Misunderstood The Rich Dad Poor Dad Message - Millionaire Mindset Ep. 9
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- Опубліковано 30 гру 2016
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Watch this video until the end to find out what people misunderstood about Robert Kiyosaki's message.
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This video is about: Why Most People Misunderstood The Rich Dad Poor Dad Message - Millionaire Mindset Ep. 9
• Why Most People Misund...
What I got out from The Rich Dad Poor Dad was buy assets not liability.
Wendy Coffman I
For people wondering which ASSET you should invest in right now : Find it YOURSELF. Truth is nobody will EVER give you a box in which you just have to put money or to sign somewhere and wait for someone else's idea to work for you passively, this is called investing, and the reality is that the people finding the IDEAS and the ASSETS won't EVER give you the biggest share of the cake. Find your OWN ideas and your OWN assets. TRY, buy anything affordable that can PRODUCE something without having to put on a serious amount of work (if you don't find anything, you should probably work your ass off to find the money to get a more expensive asset.). FTW, also Dan your stuff is great, keep it up.
Rich dad Poor dad started my path of entrepreneurship. I absolutely love Kiyosaki as well as Dan Lok, you guys are success mentors and pure motivation for me.
Excellent.
@@DanLok In my experience, as kiyosaki put it "money is an idea, it's whatever YOU think it is" most of how much you earn, how much you are worth etc, is just theory,. At the end of the day , do you have the resources to accomplish the objectives that you are shooting for... Enjoyed the video !
This idea of leveraging other people's money, resources, and connections is really big. I was never really taught to do this, but it makes so much sense !
Think assets, not income. You must own income producing assets, not just making money.
I just finished rich dad poor dad. Excellent read I recommend for anyone.
Leveraging assets speeds things up. Thanks Dan.
Exactly.
just don't over leverage yourself. In these good economic times people often lose sight of the fact that prices do indeed fall.
For good or for bad, don't foget it!
@@ArroyoFlush using of debt rather than fresh equity!!! Simply u can use other people's money or debt to creat assets rather than saving money by urself!!
“Your name is an asset.” 🤔 You got me thinking Dan! THANK YOU!
If you like Rich Dad, Poor Dad & Dan Lok... You might like “The Richest Man in Babylon”
The power of leveraging is incredible. I got the book F.U. Money and I love how you get to the point with no B.S. I am especially amazed by "The Nine Characteristics of an Ideal Business", brilliant!
Other people will sometimes let you use their money or resources, for a price. But very few businesses will let you have their customers.
From time to time you have to re-invent yourself. When looking to move up a level, who do you have to be to get there. Awesome video.
5CF What got you to 6 figures won't get you to 7. Sometimes you have to reinvent yourself to make that jump. This is why I joined Dan's most intimate mastermind inner circle and leadership team. To be mentored and coached on how to lead other to the next level.
I love all your shit its all awsome
people who succeed usually have a mentor. when we come here on youtube we want to know HOW to get assets. its common sense you need them but still yet to find someone who tells you exactly how without selling a program
imsuperioroso
Leverage buyout and negotiation.
How do you find the companies positioned for leveraged buyouts?
for general assets the ones that first come to mind are stocks and rental real estate. those are pretty accessible without having to have a mentor. agree though that having a mentor would be useful for building/acquiring a business asset, but i think stocks/real estate is probably a good start
The strategy for aquiring assets can vary greatly depending on what the assets are. Eg a real estate asset are very different to get and leverage then a business asset. You are asking a broad question and asking for a very specific answer. specify the asset then you will get the answer you are looking for.
The way to find a mentor is by meeting new people and listen to them with an open mind without pushing your believes on them. Ask questions and in conversations try not to talk about politics nor religion because that puts people off. Live in gratitude for what you already have, no matter how little because the thinking is, "Why would you want more when you can't handle what you all ready have?". Go to events (not bars or drinking) in neighborhoods a bit better than yours so you can start stepping up. Good luck.
Thank You, Sifu 🙏. I also limited my view to just Real Estate.
Certain ideas will only get you so far, always being willing and able to evolve.
Enlarged View Of Assets = Business Stability. Thanks Dan.
Very informative Dan, thank you!
I read the book and it made me understand the rich vs poor concept. Also to try contain some type of asset like small business or rent out houses which seems to be the popular ways to go. It also showed me that I have no good ideas to start a business or knowledge and time to rent out locations. So at least i'll know why im going to struggle.
that's so helpful. thank you so much
Rich Dad Poor Dad my first book after college and yes i thought he emphasize on real estate. Thanks for your explanation.
Very very informative Dan, I can really see that it is all about thinking and growing rich by taking suitable actions on a daily basis. Always keep the thinking cap on.
Dan I really learn more from you not just business also a bought life your wisdom is immortal.
use leverage and not necessarily your own resources, what helped get me to one level might not get me to the next, and who do i have to become to get there (HTC group 3)
buy assets more thats what i got and its a great book to read and learn.
Thanks Dan, great info. Let's all create wealth together!
Leverage is expansion. Thanks Dan.
Wow Dan Lok
Very Powerful Dan, much needed knowledge for those who want to seek a better plateau than where they are currently
Thanks
cash flow from an asset, with that cash flow buy other assets that produce cash flow, long term cash flow that will become legacies...
The first time I read it. All I got was Real Estate is the way to streams of income.
At ~ 1:35 sometimes the brand is worth more than the others assets (factories, equipment and others), cos like Alexander The Great was using to say that:"Fame is everything (both in war and in life)".
dan can u plzz suggest some good books other than yours to read and gain financial wisdom
Dan rocks... you are very generously performing your duty to make ppl really rich
really ive being a security officer for 15 years ive got nothing
Your insights are so on-target and heartfelt that you deserve all the success you've gotten. You're better than Dan Pena!
Jan Campbell, M.A. is there anyone who doesn't deserve the success you've gotten
Hey Dan ive been following your channel for a while now and was wondering if you will have any conferences in the boston/new england area anytime in the near future that i could attend?
I like his message. my issue with him is his ties to network marketing.
Now I finally get it.
Thanks for watching!
which is better book, think and grow rich or rich dad or poor dad? any idea?
A good asset would be a hard cover copy of FU Money. People are selling theirs for about a hundred dollars on Amazon. I would never sell mine. The information-priceless.
Not a fan of Kiyosaki but I would admit that one of his books is really relevant because of course that is the reality of what his books said; well Dan is now revealing something that will help others to improve business
Yes, my first book about finance, it's change my thinking and life :)
Excellent.
Thank you.
Welcome Patrick.
This is education!
Thank you
You got it Tejus.
Dam the real definition of assets, school nor college didn’t even know that
Daaaaamn Dan Lok advertising on a Dan Lok video haha. That's deep.
Watch (with Jenny only) the old black & white movie "All About Eve." Think about the parallels...
Excellent! I'll do it now!
Wow, very enlightening and refreshing Dan, I learned a lot here, especially the signature example as an asset . It underscores the overriding importance of building up one's reputation in creating a high level of value that is much sought after in the market. Thanks Dan.
What are Dan's businesses/companies that he mentioned?
Dan "the man" Strikes again!
Thats right Darcy.
First book I read is rich dad poor dad. It Change my life. And my second is dan lok book call unlock it and third is your best year ever. Thanks dan and kiyasaki.
Sorry, but if the 2007 financial crisis did not happen people were right in assuming leveraged assets is nothing else BUT real estate. Take note the book was written before 2007. Rich Dad Poor Dad is not wrong because it's message is general enough to get away with it. But I would bet my money Kiyosaki did imply it was most likely real estate. The problem is that when you overvalue an asset like property you are still left with paying off an enormous debt (mortgage). You can't sell it because you'll be left with paying the difference out of pocket. And if you decide to hold on to the property every year you're left with paying extra in fees (ie. condo fees) and repairs etc. That was the lasting consequence from the last financial crisis. Bitcoin is the next market that is about to pop it's bubble just like we saw with the .com fiasco. I'm not a pessimist but you must be a realist optimist and take everything with a grain of salt.
This book makes no difference, simply put, if you dont have the correct mindset and attature you will always be lower or middle class.
Dan is the real deal as you can't fake a jet.
Absolutely leverage and manage your assets 👍
That's right Clifford.
Dan, i’ve said it before: you are so inspiring. You really has made me think differently about prety much everything in life and business... you, Dan Lok is value! I’m proud of you and how you got where you Are today!
Please human family help me understand or comprehend what is leverage or the defination of it thanks very very much
St Peter he means “leveraging your assets”. Leveraging is using your assets for their value.
I can give an example to help me better explain.
Say my parents leave me their house in a will. Now I have that property as an asset.
By leveraging it, I can find a couple who’s needs housing yet can afford what I’ll rent it to them for.
🏦✅✊️
Ten ten one, ten ten two
I have a 3 figure income annual basis.. 😫😫😫 but i am just 13😎😎
Really? Tell me the process, what did you do?
My farther is poor then I'll I wish to be rich
What's best to move from 5 to 6 figures?
Sebsation exchange Vietnamese currency you can be 8 figures lol 😂😂😂😂😂
I don’t want to watch your video on “why I don’t read books”
how to be you ?
learn from others and be yourself.
Dan Lok
thanks for your advice. and someday i wanna meet you 😊
yup. plus do not compare urself from the others too much. Invest & focus more on urself.. Love the process & progress.
#7 Think Asset not income
More than 60% muat from leverage for 7 figure.
Asset: RE, brand (coca cola), system, people, connection, my name, opm ope opc my siganture. Wtf too much dll
I don't like this rich dad poor dad guy because workshops under his name rip people off. Your free content is more informational than his $500 and up workshits have. Dan lok brings it.
That is probably your first lesson you're paying somebody $500 for nothing think about that. Just like in his book when he was working for nothing it taught him something.
sir plz gime me heart
i have 5 figure income
Hester boy94 you can do better
Not bad doug demuro 👌 keep up the car reviews 🚗
He is a professional conman,watch cbc