HOW TO CONVERT A LIABILITY INTO AN ASSET - ROBERT KIYOSAKI, Rich Dad Poor Dad

Assets and liabilities serve as the central focus of this episode of Millennial Money featuring Robert Kiyosaki. Robert dismantles a pervasive misconception-that your house is an asset. This idea is debunked to underscore the importance of understanding the true nature of assets and liabilities in one's financial journey.
Robert goes on to propose that people themselves can be assets or liabilities. The discussion extends to the financial responsibilities associated with caring for family members. This aspect brings forth the idea that while family can be a source of emotional support, they can also be financial obligations.
Examples of human liabilities, with a focus on financial commitments such as alimony and child support. This serves as a stark reminder of the financial responsibilities that individuals may have to shoulder in various life situations.
This episode not only clarifies the distinction between assets and liabilities but also underscores the importance of financial literacy, cash flow management, and the multifaceted nature of financial responsibilities in the context of family and personal finance.
#robertkiyosaki #richdadpoordad #millennialmoney
www.richdad.com
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Пікірлер: 7 000

  • @JuanAlberteas
    @JuanAlberteasКүн бұрын

    Bought AMS89H at 1$, I will keep it until 2025 when it reach 250$

  • @NekiKujur

    @NekiKujur

    Күн бұрын

    AMS89H IS HUGEEEE!!!! 😎

  • @dktravel2580

    @dktravel2580

    Күн бұрын

    When the world knows this, we already x50 🚀

  • @ruchitarangam3351

    @ruchitarangam3351

    Күн бұрын

    It will soon all over the news

  • @Rahulgagdia

    @Rahulgagdia

    Күн бұрын

    It will soon all over the news

  • @SoniyaYadav-lm5jh

    @SoniyaYadav-lm5jh

    Күн бұрын

    all of my friends told me to buy this, I did know it was from AMAZON

  • @Morninglux
    @Morninglux4 жыл бұрын

    The people who came and watched this ARE NOT AVERAGE PEOPLE, They’re gaining assets by watching this.

  • @briannguyen2399

    @briannguyen2399

    4 жыл бұрын

    I love your thought

  • @Morninglux

    @Morninglux

    4 жыл бұрын

    Phú Nguyễn thank you

  • @manisshthakur621

    @manisshthakur621

    4 жыл бұрын

    Positive thought

  • @jamestapales7889

    @jamestapales7889

    4 жыл бұрын

    absolutely

  • @investinggoals1987

    @investinggoals1987

    4 жыл бұрын

    Awesome thought

  • @robertthurmond8161
    @robertthurmond816110 ай бұрын

    Fortunately, I had a college economics teacher that taught me a lesson at 18. That lesson was: for every huge, frivoluos purchase you make, you need to have an investment double it's worth, this doesn't necessarily mean you should always invest when you make a purchase, it simply means living within your means. Varied sources of income is wise and especially like i said, living within your means. Whenever you're about to make a huge, dumb purchase that doesn't add value think about taxes and how you get your income. I made $272k combined net last year and paid no Federal taxes.

  • @donaldlocher2537

    @donaldlocher2537

    10 ай бұрын

    Right there with you. I'm retiring early, no debt. Kids are taken care of. Building my dream home on 11 acres, looking over the river valley. there are loads of ways to make a killing right now, but such high-volume near impeccable trades can only be carried out by real-time experts.

  • @serenewhopperman2924

    @serenewhopperman2924

    10 ай бұрын

    @@donaldlocher2537 Inflation is over 10% here in the UK, but as we know it's definitely way more than the Government would like to admit. My plan is to earn more passive income and ride this out, can your Investment-adviser assist?

  • @donaldlocher2537

    @donaldlocher2537

    10 ай бұрын

    @serenewhopperman2924 Sure, the Investment advisor that guides me is “James Fletcher Brennan” and he's renowned and has quite a following. So it shouldn't be a hassle finding him. Just look him up.

  • @robinsonbaker1963

    @robinsonbaker1963

    10 ай бұрын

    @@donaldlocher2537 There are a lot of strategies to make tongue-wetting profit especially in this down market, but such sophisticated trades can only be carried out by proper market experts...

  • @stephmeldrich6765

    @stephmeldrich6765

    10 ай бұрын

    @@donaldlocher2537 he really seems to know his stuff. I found his website, read through his resume, educational background, qualifications and it was really impressive. he is a fiduciary who will act in my best interest. So, I booked a session with him

  • @helloabs2134
    @helloabs21346 ай бұрын

    This is the best video of this guy that is comprehensive and good to watch, not to talk about the melodramatic videos he presently appears in.

  • @ericchavez837
    @ericchavez8375 жыл бұрын

    I changed my life when my cousin told me about Robert. (April 21, 2017). Worked at a manufacturing warehouse for 6 years, climbed the corporate ladder, making 70K a year, broke a** h**, mentally stressed every day, hated my job and the list goes on. This year I quit my job, got a new high paying job (120k), am currently investing in financial, investing and real estate education. Have full control of my financials and living a better life then ever. No longer live paycheck the paycheck. Although my income is earned income "JOB", I now have financial control! I have listened to all of your books. Going to listen to them all over again and apply them every day going forward. One step at a time. Robert, you have changed my life! You are my rich dad! Thanks for sharing your stories!

  • @Mrramennoodle2

    @Mrramennoodle2

    4 жыл бұрын

    Eric Chavez can you teach me how to do this

  • @BenHall289

    @BenHall289

    4 жыл бұрын

    @@Mrramennoodle2 I'll do it all for you for free. You just sit back and relax

  • @jstoli996c4s

    @jstoli996c4s

    4 жыл бұрын

    Well done! Now live well under your means, watch your expenses ruthlessly, and put the extra cash into assets. You’ll be on your way!

  • @mgsa5722

    @mgsa5722

    4 жыл бұрын

    U r a Liar. a Paid Liar

  • @vonsevilla4426

    @vonsevilla4426

    4 жыл бұрын

    KC keywords he said were real estate, investing and financial education. Whats his 120k income? He’s probably a real estate investor

  • @sandeeparambam6401
    @sandeeparambam64013 жыл бұрын

    This 14 minutes video has taught me the biggest life lesson that almost 15 years of education hasn't taught.

  • @Yesux

    @Yesux

    3 жыл бұрын

    Went to a classroom for fiance and business and all it thought me that school is bullshit and makes you a money slave " make money work and spend your money wisely" not how to invest real estate

  • @Yesux

    @Yesux

    3 жыл бұрын

    And by the time I'm 65 am broke

  • @jcee6886

    @jcee6886

    3 жыл бұрын

    @@Yesux fiance and business? Not a good mix I'd wager.

  • @JohnDoe-fs6lz

    @JohnDoe-fs6lz

    3 жыл бұрын

    Fact

  • @chrisbuckley5292

    @chrisbuckley5292

    3 жыл бұрын

    Whats that? Never wipe back to front?

  • @lauraclover1547
    @lauraclover1547 Жыл бұрын

    I appreciate your approach to teaching.. To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough, we just need to hold onto our hopes and wait to see how things turn out because market movements are almost always unpredictable. In my portfolio, I'm noticing more red than green. How are other people in this market raking in over $350k gains within months

  • @purplebliss6875

    @purplebliss6875

    Жыл бұрын

    While there’s more pain to come, investors should look for stocks like Royal Philips NV and Alstom SA that have been beaten down enough that they’re a bargain or get a good portflio manager

  • @arthurworld9768

    @arthurworld9768

    Жыл бұрын

    I agree, I've been in constant touch with a Investment advisor for approximately 17 months. These days, it's really easy to buy into trending stocks, but the task is determining when to sell or hold. That's where my advisor comes in, to help me with entry and exit points , I've accrued over $337k from an initially stagnant reserve of $148K all within 18 months

  • @rebeccaartgallary

    @rebeccaartgallary

    Жыл бұрын

    I need a guide so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor?

  • @arthurworld9768

    @arthurworld9768

    Жыл бұрын

    @@rebeccaartgallary My consultant is Deanna Lynn Renfro, She has since provide entry and exit points on the securities I focus on. You can look her up online if you care supervision. I basically follow her trade pattern and haven’t regretted doing so

  • @rebeccaartgallary

    @rebeccaartgallary

    Жыл бұрын

    This recommendation literally came at the right time, I dipped by $16k in stocks last week alone. Its crazy! I just looked up Deanna online and researched her accreditation. She seem very proficient & I wrote her detailing my Fin-market goals.

  • @michealwrubell4302
    @michealwrubell4302 Жыл бұрын

    Everyone has been preaching "buy now, stocks are at a discount" but I've been buying stocks at a discount since the beginning of the year and yet the cycle continues with more losses, I know the idea is to hold long term but God I could really give anything to see some growth happen to my portfolio.

  • @Walter_hill_

    @Walter_hill_

    Жыл бұрын

    There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.

  • @lipglosskitten2610

    @lipglosskitten2610

    Жыл бұрын

    Thats true, I've been getting assisted by a coach for almost a year now, I started out with less than $120K and I'm just $19,000 short of half a million in profit.

  • @lipglosskitten2610

    @lipglosskitten2610

    Жыл бұрын

    @Dan Brooks Big Credits to 'Christine Jane Mcleanshe has a web presence, so you can simply search for, there are some others but it might be difficult to get them, but Christine as been a good guide through the year.

  • @ambrosefegan8283

    @ambrosefegan8283

    Жыл бұрын

    I recommend doing call options. But do your research first

  • @ismailfaturrohman1909

    @ismailfaturrohman1909

    Жыл бұрын

    that's why the main key to investing is "knowing what you buying"

  • @CV-nn7jj
    @CV-nn7jj2 жыл бұрын

    My favorite part in Rich Dad poor dad was when Rob wanted to buy a Porsche and Kim told him to buy a rental property to pay for the Porsche. The point is that you keep the House AND the Porsche. If you straight up buy the Porsche, you don't get the house. A friend of mine recently received an inheritance from her mother, a house that is completely paid off in Arizona worth around $300k. She sold the house and bought a car. What did she do wrong? She could have kept both the house AND the car had she just rented out the house. Now she lost the house and only has the car and she's still broke.

  • @afrosamuri05

    @afrosamuri05

    Жыл бұрын

    Not only still broke she is still stupid my guess.

  • @queeniechan3775

    @queeniechan3775

    10 ай бұрын

    Well illustrated !

  • @imadeyoureadthis1500

    @imadeyoureadthis1500

    6 ай бұрын

    Wow what a fool

  • @No_One1_Special

    @No_One1_Special

    4 ай бұрын

    I always appreciate someone bringing a different angle in their explanations of Robert's principles. Yours are good ones.

  • @eljuancho2
    @eljuancho26 жыл бұрын

    Thank you very much! you are the best robert! im 28 years old income 25k gross a year,living in brooklyn,i have 14 years paying rent and working minimum wage,because i did not know what i wanted,i did not had a mentor,i bought your book,the first book i have read,and now i bought your books and james rockards books,also think and grow rich,the warran buffet way book,you opened my eyes robert,now im looking for a better job,breking my mind to do my own business,is just fantastic what you have taught me,i still can't believe how i feel,thank you!

  • @gmccambry5963

    @gmccambry5963

    6 жыл бұрын

    eljuancho2 welcome brother

  • @allentrost8464

    @allentrost8464

    6 жыл бұрын

    eljuancho2 I can help you create a monthly income . Contact me . Let's work together for a better life for you

  • @eljuancho2

    @eljuancho2

    6 жыл бұрын

    GmC CAMBRY how we get in contact? My email is reggeajuan@yahoo.com

  • @bbb_888

    @bbb_888

    6 жыл бұрын

    There's a guy named John Shin who made a movie based on the book Think & Grow Rich!!!! Watch it if you get the chance =)

  • @allentrost8464

    @allentrost8464

    6 жыл бұрын

    bbb888 is it any good to watch??

  • @realmckkadesh8060
    @realmckkadesh80606 ай бұрын

    Greatest business mentor ever to me he is soo underrated get it going grandpa👌👌

  • @darrenwoolley5094
    @darrenwoolley5094 Жыл бұрын

    Apt and insightful video. Let me add that I moved to a relatively low value housing area because of tax from Farragut, TN, to North Dakota. Reduced my spending and adopted a good dieting. Saved 30% of my income and made a down payment for a house, put a few rooms on rent and the rest of the work was done by my FA. I didn’t achieve it faster because it takes time to perfect, I’ve grown a nest egg of over $450k in almost a year, even as the economy worsens; This can only be achieved by setting goals and of course working with the right FA. A lot may disagree on an FA because of their charges but I always say the work of an FA is so underrated and it’s more than just making sure you make profit. As long as you get your profits based on agreements, an experienced FA who’s been in the market for years will not care about Milking you. Considering how the global economic market has slowed, FAs do a hard-high tasked job to protect and offer financial benefits that a regular investor will not know of. For a year and the half now, I’ve invested with a financial company that invests on pharmaceuticals and cannabis stocks to cover up for the slowed growth of their bonds (pharmaceuticals and cannabis), crypto (yes, crypto!) and sp500 investments.

  • @ballistic2513
    @ballistic25133 жыл бұрын

    He: Your child is your liability. Me: *Sells my kid*

  • @ijustwant2die

    @ijustwant2die

    3 жыл бұрын

    WTF

  • @hdndhjdhdh1404

    @hdndhjdhdh1404

    3 жыл бұрын

    Rent him out

  • @anishavincent4963

    @anishavincent4963

    3 жыл бұрын

    Stonks

  • @ballistic2513

    @ballistic2513

    3 жыл бұрын

    @@hdndhjdhdh1404 no one would take him bro

  • @tedcassie7728

    @tedcassie7728

    3 жыл бұрын

    Turns to an asset, sell for a subscription fee

  • @a.b.3666
    @a.b.36664 жыл бұрын

    Your children might be your liabilty at first, but when you grow old, they become your assets and you become their liability.

  • @linajiff647

    @linajiff647

    4 жыл бұрын

    that's nothing to be proud of, it's shameful

  • @linajiff647

    @linajiff647

    4 жыл бұрын

    people shouldn't be assets, you're a user

  • @switchjim

    @switchjim

    4 жыл бұрын

    You can tell yourself that, and maybe it will be true for you, years from now, but I think the implication of this video is that the safer bet is to rent out your children today, so that they become an asset in your life.

  • @seanrivaille6944

    @seanrivaille6944

    4 жыл бұрын

    people need to get off the edge of their seats and realize this is a joke with a dark humor.

  • @craigstephenson7676

    @craigstephenson7676

    4 жыл бұрын

    That's what I call *Long-Time Investing*

  • @dzmissile189
    @dzmissile1893 ай бұрын

    Thank Robert, Im currently reading your book rich dad poor dad, and I really appreciate what I’m learning, I just wished I learned this much earlier on in my teens at least, I’m currently 34, married and currently unemployed because of a layoff … I’m currently watching all your videos and working on to buy all your books… I don’t want to work for anyone but instead work for my family instead, God willing I can meet you someday… thank you again Master Robert

  • @YvngBSuma101
    @YvngBSuma1015 ай бұрын

    A house is a liability when you living in it, and a house is an asset when you are using it to make money like renting it out for cash flow in - Thank you Mr Robert for sharing this important knowledge

  • @bharatvasi2006

    @bharatvasi2006

    4 ай бұрын

    Then where are you living, I mean where we live is either rented or owned.

  • @waseemahmed6585

    @waseemahmed6585

    28 күн бұрын

    ​@@bharatvasi2006😂😂😂😂 true

  • @manishgoatfarm8341
    @manishgoatfarm83414 жыл бұрын

    Watching videos after videos and not taking steps is a liability

  • @renaltatarigan9336

    @renaltatarigan9336

    4 жыл бұрын

    wow, I really hate myself for that

  • @arshvirsingh7284

    @arshvirsingh7284

    4 жыл бұрын

    🔥🔥🔥🔥🔥🤣🤣🤣🤣🤣🤣

  • @countryballs2005

    @countryballs2005

    4 жыл бұрын

    @@williamou3005 invest in yourself, that's an investment aswell

  • @ceasersamv4587

    @ceasersamv4587

    4 жыл бұрын

    @@countryballs2005 preach, that's what im doing right now

  • @JohnTalksAi

    @JohnTalksAi

    4 жыл бұрын

    That's a great line! By the way check out his Rich Dad Poor Dad summary version here to help you understand it kzread.info/dash/bejne/qJuJ3MeugM3Imdo.html

  • @andrewbaccola5188
    @andrewbaccola51886 жыл бұрын

    I'm going to tell my wife tonight that we are going to rent the house and the hole family live under the bridge. I like the cash flow idea.

  • @bishop198666

    @bishop198666

    6 жыл бұрын

    you can come rent my place, no need to stay under the bridge...

  • @nemeanlioness

    @nemeanlioness

    6 жыл бұрын

    Good plan. Me like

  • @gabriela0518

    @gabriela0518

    6 жыл бұрын

    LMAAOO

  • @acmx12

    @acmx12

    5 жыл бұрын

    Maybe cause I watch too much areested development, but is your last name Hole? Either way i laughed too hard if it wasnt lol

  • @94nolo

    @94nolo

    5 жыл бұрын

    Atta boy Andrew

  • @GrammyHanks
    @GrammyHanks4 ай бұрын

    The question is how to convert your salary into the investment funnel without double taxation. you pay taxes once it's earned, then buy stocks and get taxed again once you sell. Want to invest over 300k on the stock market, how do I achieve this?

  • @empressjane-zv4gq

    @empressjane-zv4gq

    4 ай бұрын

    If you're not who understands strategies to invest, just invest through an advisor, making good profits, avoiding taxes.

  • @RosesKate-dl9fp

    @RosesKate-dl9fp

    4 ай бұрын

    Having an investment adv-iser is the best way to go about the stock market right now, I've been in touch with a coach for awhile now mostly and I made over $800K within a year

  • @emilybrown2719

    @emilybrown2719

    4 ай бұрын

    This is probably what I should do. Who is your advisor, please?

  • @RosesKate-dl9fp

    @RosesKate-dl9fp

    4 ай бұрын

    Pamela Kay Regel deserves credit as one of the finest portfolio managers in the industry. Her reputation precedes her, and I highly recommend looking her up to locate her online if you are internet-savvy

  • @emilybrown2719

    @emilybrown2719

    4 ай бұрын

    Thank you for sharing, I must say, Pamela appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call

  • @mohammadabukhalaf1780
    @mohammadabukhalaf17805 ай бұрын

    a great man i should say, you gave a summary of life in 10 minutes with all the pumps in it

  • @AJBey-qo2rx
    @AJBey-qo2rx5 жыл бұрын

    “A criminals best asset is his lie-ability.”

  • @danielsonnecklacedon659

    @danielsonnecklacedon659

    5 жыл бұрын

    HAHAA! -goose from family guy

  • @jr3684

    @jr3684

    5 жыл бұрын

    😂😂😂

  • @pramit7745

    @pramit7745

    5 жыл бұрын

    Poor guy,😣

  • @mikem.5104

    @mikem.5104

    5 жыл бұрын

    Damn thats gold doggie

  • @AJBey-qo2rx

    @AJBey-qo2rx

    5 жыл бұрын

    Mike M. More I was thinking more along the lines of palladium...

  • @2343214234
    @23432142344 ай бұрын

    Such a Gem of a video. I think one thing Robert didn’t make clear is that liability’s are not bad always SO long as you have the cash flow to have them. If you focus on having more assets then liability’s you are off to a great start. Having a kid, taking care of your loved ones is great so long as you have the cash flow to do so. If the house you want to live in is 3 grand Morgage that’s great, so long as you have the assets to provide the cash flow to do it.

  • @ProudTurkroach

    @ProudTurkroach

    Ай бұрын

    Debt doesn't cause a problem untill you have money to pay the next installment - US federal reserve

  • @lydiareyes8989
    @lydiareyes8989 Жыл бұрын

    now in the twilight of my years, I experience increasing cash outflow because of only measly social pensions with increasing food, utility and medical expenses. early in life, I set and controlled my monthly expenses, rewarding myself minimally for additional income from working hard in my solo staff biz. And invested the surplus mostly in government bonds. I do not believe in life insurance, I tried in stock markets only to lose as a casual retail investor. I could have been better off by acquiring real estate but financial constraints of low cash position stopped me. I am in many ways like what Mr. K is saying in this video. I THANK MR. K FOR HIS VERY TRUTHFUL AND INFORMATIVE VIDEO.

  • @thembisilemathibela9758
    @thembisilemathibela97584 ай бұрын

    Mr Robert, thank you. For what you do, you are literally doing the most. Thank you for the warm welcome to the rich dad community.❤

  • @prasanjeetchoudhury4052
    @prasanjeetchoudhury40526 жыл бұрын

    Hello Robert and Rich Dad Foundation, I can't thank you enough for the great help you have been offering to people like me (in E and S quadrant currently). I had no idea about investing and was a spendaholic until very recently. But after reading rich dad poor dad, it opened my eyes. Now I am 25; have completed my graduation; working in E quadrant and have an education loan. I aspire to become an Investor and finally be financially free by age of 40. Right now, I am investing in stock market and mutual funds. But I am now in dilemma as to whether pay off my debt completely first rather than focusing on building asset column. Because for that, I need to stop the mutual fund and pay that amount as EMI. Could you please suggest me.

  • @ashishverma6680

    @ashishverma6680

    6 жыл бұрын

    prasanjeet choudhury Play cashflow game for free on his website and you’ll get the answer

  • @prasanjeetchoudhury4052

    @prasanjeetchoudhury4052

    6 жыл бұрын

    Hi ashish verma thanks for your respond. Yes I have been playing the cash flow game quite frequently over last few weeks. Over there I prefer to buy real estate and increase my asset column rather than reducing my debt. But in real life, it will take time to study, understand and then invest in real estate. That's why I was asking that is it a good idea to first finish the debts and then go for asset column or should I keep building the assets (continue buying stocks and mutual funds) and just pay minimum emi on my debt for now. In this way the debt will go for longer and I will end up paying much more.

  • @ashishverma6680

    @ashishverma6680

    6 жыл бұрын

    prasanjeet choudhury I understand what you’re thinking. But you can build other assets than only Real Estate. You can build businesses, invest in stocks, etc. How much time do you think it’ll take to clear debts? If im not wrong most debt takes a lot of time to be cleared. Start thinking out of the box and increasing your income. The problem arises when you say “is it good idea to clear debt first and THEN GO FOR ASSET COLUMN”. Bro, you just limited yourself by saying that I can’t have extra income without a real estate. Generate some extra income in some other way!! Don’t do a job for this extra income. Flip some stuff, do anything!, hustle!! and get the extra monthly cashflow. Save this extra income for a couple months while paying your EMI from your current income. Also, take time (maybe a month or 3 months or 6 months) to find that real estate/business idea/stock investment. Yes bro, you need to struggle and hustle in the start. I work 1 job+my dad’s business+my own business+go to school for masters!! Just for that one dream I have in my mind. So I would suggest pay your EMI. If there is a way to convert your debt into a good debt (google this), do so! If not, keep paying this because unpaid bad DEBT can make you a slave. Make sure you don’t get any extra interest on this debt. Keep it clear. and hustle to generate that extra money also, think out of the box for some idea. Look around you, market, food item, restaurant, anything for that extra income. You got no other option man :) FOCUS ON GENERATING EXTRA CASH for now which can make you good cash reserve, which will then help you to make an asset like a down payment for new Real Estate/new business, etc. How much time it will take to make this cash reserve? depends on your action. If you take action 10times, ... you know where i’m going ;) Good luck man :) You’ve read books, played cashflow, you’re far ahead than a normal average person. You will do fine. Keep learning!

  • @prasanjeetchoudhury4052

    @prasanjeetchoudhury4052

    6 жыл бұрын

    ashish verma thanks buddy.. Thanks for your suggestion.. I will do this..

  • @jzk2020

    @jzk2020

    6 жыл бұрын

    I suggest you get a job, pay off your debts if they are high interest. Save as much as possible and find something you can invest in that you CONTROL that can make you passive income. You can't control the stock price (unless you are a activist investor). Instead invest into a rental property, or buy a car and have 2 people you know drive it for you 20 hours a day (10 hours each) and generate you some passive $$$. And slowly scale up.

  • @anthonysoto8761
    @anthonysoto87614 жыл бұрын

    Thank you for all the knowledge and wisdom . So I can get straight to the point I watched a lot of your videos so I can give it to you straight this is my first time I’m just a worker and I’m changing those habit my boss is a doctor with a construction company roofing he has too foreman and six workers so he told me to come up with a business proposition and if you consider that I’ll be able to be partners. I’m going to be a success story I’m going to make billions of dollars so if I fail at least I feel like millions lol

  • @pathway.2.prosperity
    @pathway.2.prosperity6 ай бұрын

    this man changed my life and i'm grateful.i now have a better understanding of liabilities.

  • @isahjoshua5132
    @isahjoshua51324 ай бұрын

    Thanks for the financial education content, I was watching the KZread channel Explore your dream life and this video was recommended to me by KZread I just liked and subscribed to your channel

  • @Tomtownsend485
    @Tomtownsend485 Жыл бұрын

    Just what I needed to watch. My wife and I are directors of our farm business and own property, plus small pensions. I am nearly 55, my wife is 52. We have started to save to retire from the farm, and possibly live on rental income, I'd really appreciate you go LIVE and talk about how to earn passive income online and retire comfortably, let’s say $1M.

  • @andrewchandler0

    @andrewchandler0

    Жыл бұрын

    Find stocks with market-beating yields and shares that at least keep pace with the market for a long term. For a successful long-term strategy I recommend you seek the guidance a broker or financial advisor.

  • @robertosaviano215

    @robertosaviano215

    Жыл бұрын

    Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.

  • @elliot985

    @elliot985

    Жыл бұрын

    @@robertosaviano215 Please can you leave the info of your investment advisor here? I’m in dire need for one.

  • @robertosaviano215

    @robertosaviano215

    Жыл бұрын

    @@elliot985 You can do your research and be on the lookout for one with intelligent strategies who'll help your portfolio maintain an unwavering and a progressive growth. Isabel Cecilia Ramsey is my FA. She has the Flexibility & Expertise to Meet Your Needs. Verify her yourself

  • @Zanrowe795

    @Zanrowe795

    Жыл бұрын

    @@robertosaviano215 I just looked up Isabel online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals and scheduled a call.

  • @anshuljain2402
    @anshuljain24024 жыл бұрын

    Hello Robert, I have just started following you and hope I could learn most of what you are providing. Don't know how this knowledge will fit the Indian market and liabilities. But definitely, I would be following you to expand my IT business. So I have learned from this video ---dividing whatever I have into 6 parts and they are: income, expenses, assets, liabilities and CASH FLOW. Thanks for this knowledge.

  • @bergomymarcelin4218

    @bergomymarcelin4218

    4 жыл бұрын

    Anshul Jain hi girl, I want to learn in yr hand about the business.pls

  • @billolsen4360

    @billolsen4360

    Жыл бұрын

    You're a phony person set up by Kiyosaki, that's all you are.

  • @dr.eduardocalixto5148
    @dr.eduardocalixto51487 күн бұрын

    Thanks to share all your knowledge Mr. Robert. My opinion you deserve a Nobel Prize to break down the main Finances concept.

  • @YannickEmmons
    @YannickEmmons4 жыл бұрын

    Hi Mr. Kiyosaki! First of all, thank you for teaching us all this priceless lessons and for sharing your lifetime experience. I read almost all of your books and I'm slowly starting to see some results! I just have one question for you if you don't mind : Instead of buying things that depreciate, I enjoy finding rare antique items at a really good price that goes up in value with time... Do you consider rare antique items an assets?

  • @rebeccarogan1912
    @rebeccarogan19123 жыл бұрын

    Thank you for putting together this intelligent and easy to understand series. Many blessings to you for this kindness!

  • @PaulBrawl-lc7gz
    @PaulBrawl-lc7gz6 ай бұрын

    Thanks for the advice , good stuff!

  • @Curbalnk
    @Curbalnk3 ай бұрын

    I have $800k in a high yield savings account, yes I’m making gains but to what extent with inflation eating away at the dollar? Am I better off investing in the stock market or buying a house?

  • @greekbarrios

    @greekbarrios

    3 ай бұрын

    The choice between real estate and stocks depends on your time horizon and risk tolerance. Stocks offer dividends and long-term growth, while a house provide fixed assets returns. Consulting a fiduciary advisor is wise for a tailored financial plan. from personal experience, my portfolio has grown to $1.3M, a 25% increase from last year, with robust diversification and inflation hedging

  • @blaquopaque

    @blaquopaque

    3 ай бұрын

    great gains there! mind sharing details of your advisor pleas? i've started gaining more cash flow with my employment and looking at putting money into stocks and alternative assets that can help build wealth over time

  • @greekbarrios

    @greekbarrios

    3 ай бұрын

    Heather Ann Christensen is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment

  • @v.a.infinity7609

    @v.a.infinity7609

    3 ай бұрын

    You mentioned our fico score isn't as important. Is there 5he4e a way to get a loan without a job and low fico score? I have a business that I'm building. I just don't have enough in my business to cover 3xpenses yet.

  • @raheemwork1365

    @raheemwork1365

    3 ай бұрын

    Gold never depreciates , it’s better to buy something that is always a need in terms of an asset in areas where it’s most needed.

  • @bishop198666
    @bishop1986666 жыл бұрын

    30yr old here...going to buy my second house to rent it out this year..im on my way to multi income cash flow

  • @bishop198666

    @bishop198666

    6 жыл бұрын

    Mexi Short considering i wrote that post a month ago im still learning and educating myself... do you have any positive worth while advice for me? Or did you just want to be a smart ass?

  • @chrisdlc281

    @chrisdlc281

    6 жыл бұрын

    bishop198666 I'm doing the same thing bro, keep buying house and if you can (A pompstation). Learn Forex trading. Do network marketing. Invest in real estate.

  • @KingsCrossVIP

    @KingsCrossVIP

    5 жыл бұрын

    Hey you should watch Grant Cardone youtube re buying real estate he is amazing. I highly recommend :)

  • @dipbar1824

    @dipbar1824

    5 жыл бұрын

    good job friend!

  • @KevsUploads

    @KevsUploads

    5 жыл бұрын

    👌🏽

  • @alexquintana90
    @alexquintana904 жыл бұрын

    Thank you Robert for teaching without holding back on what's being said. Definitely things have to be said like they are. Look forward to other educational videos from you. How about some ( real estate)

  • @llochopslater1185
    @llochopslater118510 ай бұрын

    His advice sounds great. Just try to apply it today. It's not the same. You have to have one hell of a credit card today for the average Joe. Not happening. So someone with little money needs to really know how to move about this game board. Most real estate deals you need 20 to 30 % down. Not 10% . So who's credit card has that amount. Yes some but most no. Most need to have a job , live below your means like Warren Buffett and save for a down and go from there. Maybe use equity if you have a home but then you pay interest on that down payment. The numbers need to be reviewed on everything before a move is made. And the stick market is just fine.

  • @believer2734
    @believer2734 Жыл бұрын

    Robert talks about buying property for rentals but that has expenses too,as they get torn up, tenant doesn’t pay & its an expense to remodel,evict, time involved to repair or hire repairs, stress from lazy tenants, etc. …maybe you can show losses but in comparing income to expenses plus headaches,stress, I ask you, is it really worth it? Maybe I’m just not seeing the full picture but I worked for an attorney before retiring & we always dealt with landlords trying to evict for tenant not paying rent…&then even after going through court & winning, you’d have to go back &get a judgment against deadbeat tenants b/c they still wouldn’t pay.

  • @festusshedrack4852
    @festusshedrack4852 Жыл бұрын

    The rich stays rich by spending like the poor and investing without stopping then the poor stays poor by spending like the rich yet not investing like the rich

  • @Faraday096

    @Faraday096

    Жыл бұрын

    When it comes to the world of investing, most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance

  • @whatyousay5736

    @whatyousay5736

    Жыл бұрын

    wow I am just shocked someone mentioned expert Mrs Maureen I thought I'm the only one trading with her

  • @workinginpain

    @workinginpain

    Жыл бұрын

    when you invest with genius woman like Mrs Maureen you don't have any other choice then to keep winning, her Trading strategies are very productive and reliable. I made quite a huge profit last week all thanks to her

  • @newraod

    @newraod

    Жыл бұрын

    yes I'm also a living testimony of expert Mrs Maureen Mrs Maureen has changed my financial status for the best. All thanks to my aunty who introduced her to me

  • @babarozay

    @babarozay

    Жыл бұрын

    will forever be indebted to you😇 you have changed my whole life i will continue to preach about your name for the world to her you have saved me from a huge financial debt with just little investment thanks so much Mrs Maureen

  • @RamblingRamul
    @RamblingRamul6 жыл бұрын

    So basically in a perfect world we all own properties and we all rent from eachother :)

  • @LordHollow

    @LordHollow

    5 жыл бұрын

    Not everyone is gonna want or even think to do this. There are plenty of people set on being renters and employees their entire life.

  • @simo7393

    @simo7393

    5 жыл бұрын

    @@LordHollow so he basically advocates preying on the poor people who don't have the financial skills...it is interesting as a concept to follow when these very same people will start shooting the richer ones on the streets

  • @marstotalchaos4735

    @marstotalchaos4735

    5 жыл бұрын

    @@simo7393 I think he is saying that the information on how to do this is available but we all know that not everyone will do it. It's like smoking. Every knows its harmful but some still smoke. They even know it causes cancer before the try it but still, they do it.

  • @mrchubner

    @mrchubner

    5 жыл бұрын

    One of the Rockefellers is quoted as saying, “Own nothing; Control everything.”

  • @frederickswann5638

    @frederickswann5638

    5 жыл бұрын

    HAHAHA AH A HHA AHAHAHAH AHA HA HAHAHAH OH MAN

  • @talentedlyrical3938
    @talentedlyrical39385 күн бұрын

    Am clapping n still watching thank u for helping me n de world , being able to control cashflow wow

  • @alk3myst
    @alk3myst Жыл бұрын

    I know Robert doesn't believe FICO is the net end game, but in the beginning starting off it's crucial to those initial purchases in real estate. Too many try to buy that McMansion now instead of a good starter home they can move to a rental in a few years and then move up to a good living house (not a McMansion) and then add on other good starter homes/apartment homes for others. I wish I knew this 25 years ago. Also another thing not talked about is bad relationships with marriage/whether common-law or official. You can lose half of everything built overnight. I made that mistake twice.

  • @UltimateBargains
    @UltimateBargains4 жыл бұрын

    This video doesn't explain how to turn a liability into an asset. Once you have the liability, then you're stuck with it until you can dispose of it. At best, the video explains that liabilities should be acquired *only* by first acquiring assets to pay for liabilities.

  • @santoyo526

    @santoyo526

    4 жыл бұрын

    UltimateBargains yes you’re right. I also don’t understand how his rental puts $25 in his pocket.

  • @UltimateBargains

    @UltimateBargains

    4 жыл бұрын

    @@santoyo526 The rental income paid for the operating expenses and debt service, with $25 left over for his net cash flow each month. This was decades ago when rents were much lower compared to now. The point of his example is to run the numbers before committing to the deal to be sure that you will have sufficient net income to tolerate recessionary pressure on income and expenses to avoid defaulting on the debt.

  • @a.stewart2641

    @a.stewart2641

    4 жыл бұрын

    @@UltimateBargains yes, and don't forget, you need tenants that will actually pay their rent and not destroy the property.

  • @UltimateBargains

    @UltimateBargains

    4 жыл бұрын

    @@a.stewart2641 The more risk averse you are, the less income you will receive. Life is all about managing risk, not hiding from it.

  • @droid2645

    @droid2645

    4 жыл бұрын

    BINGO

  • @adarshfaridkhan3361
    @adarshfaridkhan33615 жыл бұрын

    In his book Rich Dad Poor Dad. He wrote about his rich Dad that " I m rich because I've you, kids... Poor dad said I m poor because I've you. kids. So it's about your mentality how you see your kids assets or liability. Now I like his rich dad personality but here I disagree with Robert on having a family as liability. Money is good thing but it's not everything. There is a lot of things money can't buy and you all already knew it.

  • @kingpin5837

    @kingpin5837

    5 жыл бұрын

    adarshfareed khan agree

  • @chris79882

    @chris79882

    5 жыл бұрын

    money is everything in capitalism sociaty . Look at the homeless people they dont have family,they dont have wife ,husband,kids and nobody want to marry with them.But lets say if they get 1 million dollars right now. guess what?many people man or woman will want to marry with them,especially people who have finacial struggle or poor people.money can buy everything even a family .we dont say family is liability because of humanity not because of fact. but when your parents get older and kids grow up that spend much money that definitely is liability .its a fact.

  • @kenonocturn

    @kenonocturn

    4 жыл бұрын

    Money isn’t everything yes, but that had nothing to do with his point. He was simply stating what makes money to go out of your pocket versus what makes cash flow in, that’s it.

  • @novalispentamuse4444

    @novalispentamuse4444

    4 жыл бұрын

    It is everything . Money control your mentality -mentality control your mind -mind control your steps -steps adn decision control your life. So if y use mathematic standard if a+b=c and c=d + f The equation is a+b=d+f A for steps b for iq = c for money . Money for=life+mentality Than learn to make money also make you to learn about your self. Money is mentality control.

  • @xic777

    @xic777

    4 жыл бұрын

    if you don't invest into your kids they become a liability or even worse burn down your house or kill you

  • @ralfgerhardkuhn4235
    @ralfgerhardkuhn4235 Жыл бұрын

    Dear Robert, dear ladies and gentlemen... I love ur videos and of course ur idea... I stay in Cambodia and have the plan to do exactly what u are talking about here in this country (real estade). For that, id opened a U.S. LLC to get entrance to the U.S. system. My plan is to find private investors on growd founding plattforms and try to borrow money from U.S. banks. How difficult is it to get money from U.S. Banks and may u guys have an advice, how i do it best... thx for ur answers!

  • @kolaolugbenro9726
    @kolaolugbenro9726 Жыл бұрын

    This is a great deal. Am a financial expert though the financial terms are not new to me but I so much appreciate the unique and beautiful ways the points were driven home. A perfect presentation that no one can restrict.

  • @philipvincent7032

    @philipvincent7032

    Жыл бұрын

    ..thankyou for the education..

  • @milaoleynik5860
    @milaoleynik58604 жыл бұрын

    Life is a game, cash flow is the name 😄

  • @subscribetomyyoutubechanne1543

    @subscribetomyyoutubechanne1543

    4 жыл бұрын

    😂😂😂

  • @igganrajkolii9453

    @igganrajkolii9453

    4 жыл бұрын

    So life is cash flow

  • @beautifulforever503

    @beautifulforever503

    3 жыл бұрын

    Nice

  • @vanessawatson6204

    @vanessawatson6204

    3 жыл бұрын

    Since I started investing it has been smooth and no complain. But I still see people complaining that they have been scammed in one way or the other. I wonder why, Investing in binary trading has been so profitable to me. So I think I should introduce my Manager Mr martins l to you if you're interested. He has being a honest manager all through and I am still investing with him till today. Invest with the right manager and there will be no more scam, i promise you that. You can contact him on this (mratinswilliam@gmail.com) you can earn up to $8000 in daily from home through investment in forex and Binary option trade

  • @vcostco

    @vcostco

    3 жыл бұрын

    Money isn't value, it's a promisary note, a representation of value (it says it on the back lol ). Real value comes from a scarcity of resources b... Supply n da land... Lol water toooo now ✅😊🙏

  • @mkc0321
    @mkc03216 жыл бұрын

    if only i read your 'The Rich Dad Poor Dad' book 10 years ago I would have not been in this rat race now..better late than never , i learned so much from you, hope I can get out of the rat race soon, u r doing a great job, thanks

  • @allentrost8464

    @allentrost8464

    6 жыл бұрын

    Murlikrishna Chippa I can help you out of the rat race. Contact me

  • @tazminkhan533

    @tazminkhan533

    6 жыл бұрын

    Murlikrishna Chippa let’s connect my instagram is Tazmin.khan

  • @HANG_IN_THERE_BABY2024

    @HANG_IN_THERE_BABY2024

    5 жыл бұрын

    Hello a little help here.....don’t like the rat race at all

  • @HANG_IN_THERE_BABY2024

    @HANG_IN_THERE_BABY2024

    5 жыл бұрын

    Allen Trost what do you do for a living? Please advise

  • @HANG_IN_THERE_BABY2024

    @HANG_IN_THERE_BABY2024

    5 жыл бұрын

    Tazmin Khan what do you do for a living? Please advise

  • @theandrobri610
    @theandrobri6103 ай бұрын

    This an has changed my whole way of thinking

  • @amitchimnani1619
    @amitchimnani16197 ай бұрын

    Happy birthday alot🥂 Keep it up bro , aage ka vlog kab he😂😂

  • @kyoung5600
    @kyoung56005 жыл бұрын

    Too many gold diggers out there, beware, that's a lot of hard earned money wasted for nothing.

  • @tcycewdaf32

    @tcycewdaf32

    5 жыл бұрын

    gold diggers are not even in the chart of 6 magic words. once you have a gold digger, yourself become an income.

  • @leopoldslikkvstamkiu8718

    @leopoldslikkvstamkiu8718

    5 жыл бұрын

    @Class Act Offensive? That's actually shows your ignorance of the reality of society. Gold diggers are having criminal intentions like doing telephone scam or cyber scams as well. They usually like to do is keep abandoned poor and keep stolen rich peoples assets. How can you say offensive? Gold diggers are really dangerous and behaving like a illiterate little girls. Completely uneducated. By the way, are you gold diggers or something?If you're truly are, then you just fuck off and go to hell! 😠😠😠😠😠😠

  • @leopoldslikkvstamkiu8718

    @leopoldslikkvstamkiu8718

    5 жыл бұрын

    @K Young Yeah, you're right. Indeed, there are too many female gold diggers out there to keep asking men for money with any different tricks by hanging out with fake manner. If they failed to gold digging, they like to use feminism shit behaviour as an excuses to playing filthy tricks against rich or poor even if you're clever enough to fail gold diggers. Gold diggers don't even go out and find a work and keep doing the bloody awful things to anyone who work serverally hard. It's not just happening in US, Chinese are exactly the same as US where criminals gold diggers are everywhere without even knowing what attitude and behaviour actually is. They like to act hypocritically all the times. For those who are blindly supporting feminism, that means they're ignorant and arrogant.

  • @leopoldslikkvstamkiu8718

    @leopoldslikkvstamkiu8718

    5 жыл бұрын

    @@tcycewdaf32 Stop acting silly, gold diggers will demand more and more greedy and misery. They never knew how to contribute to society instead of keep asking men's money. They have abilities to work and why don't they work their own and earn by their own and letting these illiterate imbeciles envade your self esteem as well? In my opinion, I supposed gold diggers shouldn't have appeared in this world and always making things complicated to any hard working dudes. That's not what human being should be!

  • @antoinecooper5702

    @antoinecooper5702

    5 жыл бұрын

    Love freedom gtfoh.

  • @frederickswann5638
    @frederickswann56385 жыл бұрын

    4:45 - ... bought my first house... apartment, investment property... "I didnt live in it, I rented it out"... If only I had heard, believed and acted upon those words when I bought my first property. OUCH Ouch, well, I just had to learn the hard way ey!! Now I am a Student, Thanks Mr. Kiyosaki!!

  • @switchjim

    @switchjim

    4 жыл бұрын

    Just being curious, although it is not my business, but I have to wonder ... if you bought your first property and then rented it out, which you did not know to do, thus implying you lived in the first property ... I wonder who it was you would have lived with while renting that "asset", meaning, for whom would you have been a liability while collecting from and maintaining your non personally occupied asset?

  • @mm-hq4qh

    @mm-hq4qh

    4 жыл бұрын

    @@switchjim learn how to read

  • @switchjim

    @switchjim

    4 жыл бұрын

    @@mm-hq4qh can you be more verbose?

  • @rams5474
    @rams5474 Жыл бұрын

    Especially you have to balance between the income expenses and savings/investment. The right way is to sit and write your priorities and cost. Capital expenditure a separate list. Now first take out 10% savings from your take home monthly income. Then the priorities and necessities. That way you know what you both planned and work towards it. While a tailor stitches a shirt for you he takes the measurements and ask your desired way of stitching it with buttons and style. So the cost. Then he will surely tell you if the garment you gave will for only for a half sleeve shirt. On the other hand if you plan for a shirt with full sleeves then to get the need of cloth measure and width. Here you have a choice for expenditure based on the choice and varieties and budget. So it is a mechanic and the machine run it needs time to time tuning and so also your planning for savings/investment. A seed saved to day gives a million later, and it applies to everything.

  • @michelab.official
    @michelab.official6 ай бұрын

    THANK you so much for sharing this video❤

  • @WaterWheel360
    @WaterWheel3605 жыл бұрын

    "I am with my best friend's daughter" I have seen that movie before

  • @rimaz1242

    @rimaz1242

    5 жыл бұрын

    I've seen that movie too lol 😂😂😂

  • @WaterWheel360

    @WaterWheel360

    5 жыл бұрын

    I love her nod at the beginning. Makes it even more sexual

  • @marstotalchaos4735

    @marstotalchaos4735

    5 жыл бұрын

    Not his liability. Smart

  • @jdengsky

    @jdengsky

    5 жыл бұрын

    Which movie? I need to watch

  • @h.hristov

    @h.hristov

    4 жыл бұрын

    @@jdengsky How old are you lol

  • @Paidnful
    @Paidnful4 жыл бұрын

    I'm going to break this down real quick and I hope it helps. At 6:23 He clearly gives an example at the age of 25 how he turned a Liabilty into an Asset, so to speak. He used a credit card (LIABILITY) to purchase an apartment (ASSET) and cash flowed at $25 (PASSIVE INCOME). Cash flow=cash earned after paying all expenses. I see multiple benifits out of this scenario. 1) Leveraged his personal credit to obtain debt, a credit card, which means he used other people's money and didnt have to tie up his own cash. Additionally, credit cards are much easier and quicker to obtain versus acquiring a mortgage. 2) Utilization of someone elses money, Credit Card (LIABILITY), to purchase an INCOME DRIVEN ASSET which covered all operating expenses for the apartment, including repayment of the credit card, once the rent was paid by the renter, and left him with $25 that he did not have to get up and actively work for. 3) His FICO score had to go up for paying back on the card, thus opening the door to more opportunity to acquire larger lines in the future. 5) The Apartment (ASSET) acquisition immediately increased his networth (WEALTH) at the same time. 4) Holding of the ASSET long enough, or buying right coming in the gate will allow cash (EQUITY) to be pulled out of the asset either immediately or when it appreciates. 5) Sell the asset when its crazy over valued like in 2008 and now in 2019 and walk away with a HUGE PROFIT, 1031 exchange it and increase your passive income and wealth without paying tax on the gain all while using a credit card 💳 (LIABILITY/DEBT). Rinse and Repeat over time to build a massive rental asset portfolio. Then come back to look at this video and shake your head at all of the people who didn't take advantage of all this opportunist information. Most people will apply for a credit card and use that liability to cover another liabilty. It's all a mindset 🧠. Choose what side of the fence you want to be on simple as that. ✌🏼

  • @eyugebeta9905

    @eyugebeta9905

    Жыл бұрын

    Thank you so much for the details...!!

  • @ArifKhan-qw5es
    @ArifKhan-qw5es Жыл бұрын

    I liked the new definition of asset and liability. Furthermore, I agree to this fact that wives are literally expense( I used to consider them as asset). But children, i think it is investment. Why, because I can take care of myself and i will take care of myself. So with kids, I am investing to have a future where I can have someone whom I would be able to speak and share my feelings when I grow old. ,,,,( please consider it as my opnion and there is no wrong or right)

  • @sonny12681
    @sonny126815 жыл бұрын

    Hay Robert Kiyosaki the logo on your channel almost looks like the logo for Sterling national Bank 🤣

  • @ermamaeanjebelculas3022
    @ermamaeanjebelculas3022 Жыл бұрын

    The way you enlightened young millennials is very practical. You're one of the interesting people I want to follow. Thank you for the great content!

  • @bahadurchaiclup8888
    @bahadurchaiclup88884 ай бұрын

    Sir, my name is Lal Bahadur Singh and I am from India. The knowledge I have gained from your book Rich Dad Poor Dad is very perfect. Sir, today the whole school did not teach this in the college which you tried to learn through the book. done sir

  • @chrislink4640
    @chrislink4640 Жыл бұрын

    This is the best secret I have never learned in my whole life,though,I read your books,Rich dad poor dad and cash flow quadrants.Thank you mentor for elucidating this point clearly to my understanding.

  • @frostsmaker8966
    @frostsmaker89662 жыл бұрын

    8:16, I agree with that. My father has 4 children, I have to sacrifice what I want for my siblings. I just can't take everything, don't care to my siblings, try everything I could in life. I hate to be kind, I want to be an evil person. I'm poor, I spend most of my time thinking about how, how,... and I will not get married and have a kid if I'm poor. Even if I have kids, I will make sure to only have one. I will make sure my only children can do everything in life, try all the possibilities for his future.

  • @nikolajroi1481
    @nikolajroi1481 Жыл бұрын

    I have to say I agree with most of what I read in "Rich Dad Poor Dad". BUT I used to rent an apartment for 1,000 dollars a month, and when I got the money to buy an apartment I did. This saved me 700 dollars a month, which meant I could place that into stocks. Furthermore, it appreciated in value (quite a lot), which further meant, that I could get better loans and put that money into stocks. Now stocks won't always appreciate in value as seen in the last 6 months, but in the long run it still meant that I could continuously put money into stocks whether or not in increased or decreased in value, which I believe is more important as time beats timing. I get that I still "lose" money for my living costs, but I couldn't save that money unless I lived in the streets, which I don't believe is the right way to save or become financially stable/independent. I think buying a house is a good idea AS LONG as you're saving money compared to your current situation. I believe there is a middle ground where you have a stable job providing you money while not increasing your expenses is the way to go until you have enough saved up to just live on your investments, which I don't believe "Rich Dad Poor Dad" has enough emphasis on. Money saved isn't equal to money earned unless you invest the money saved. Just a few thoughts as not everyone can start buying assets as soon as they turn 18.

  • @shaileshmalushte1999
    @shaileshmalushte19998 ай бұрын

    Financial Literacy just made simpler. The backbone of getting rich is maintaining cash flow. Thank you Sir.

  • @FIFII
    @FIFII Жыл бұрын

    Could someone clarify what Robert meant at point 6:50 when he said making a house an asset and a source of income means you do not pay tax (asset income = no tax). But of course you pay tax on that (in the UK at least), unless you pay your landlord cash in hand and they do not show this money on their bank statements or to their accountants.

  • @rollgali5292
    @rollgali52924 ай бұрын

    I can see how reigning in cash flow is the key,,,,but just curious,,,is this the reason or one of the reason why many are not trying to have a family, or even have children?

  • @RichardBayer
    @RichardBayer Жыл бұрын

    To young investors, if you want to have more income you need to spend less of it and invest more of it. I'd say most of these "get rich quick" people actually want to spend more money and save less...

  • @Karagoldberg7

    @Karagoldberg7

    Жыл бұрын

    I am new to this investment of a thing. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed on all the stock opportunities so far for the tech stocks.I believe having 125K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and loosing all the good opportunities.

  • @Karagoldberg7

    @Karagoldberg7

    Жыл бұрын

    @Robert Cooper i've been quite on my research but most suggestions was to get a coach ,do you think that's a good idea ?

  • @williamsbrown4026

    @williamsbrown4026

    Жыл бұрын

    @Robert Cooper that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you.

  • @Karagoldberg7

    @Karagoldberg7

    Жыл бұрын

    @Robert Cooper I just looked her up on the web and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals and scheduled an appointment

  • @Karagoldberg7

    @Karagoldberg7

    Жыл бұрын

    You can only get in contact with her through her website recommended online in web search not on whatApp

  • @damarowwilliams7473
    @damarowwilliams74736 жыл бұрын

    The way he describes kids cracks me up! lol " two legged liabilities" His perspectives are always intriguing.

  • @Bless-the-Name

    @Bless-the-Name

    4 жыл бұрын

    Vampires.

  • @denisehughes2898
    @denisehughes2898 Жыл бұрын

    I get the idea of a house being a liability, however, it would be less of a liability then renting after you pay it off. I wanted them to discuss ways to make money from having a house that you can't do with an apartment, turning the house into more of an asset. For example, if you have a house with a yard, you can garden and save a LOT of money on your grocery bill. If you have a house with a garage, you could set up an ongoing "Garage Sale" shop in there and make money that way, etc. etc. etc.

  • @mu4124
    @mu412410 ай бұрын

    Robert sir was wrong in 1 thing... kids and relations are not Liabilities - They are Assets... bcoz if u love and take care of them in their need(with true love n affection) they will take care of U when u r in need.....(old age, etc)..😊 I feel this. In India we have that love, family and we live together...(especially very southern part of India) So here family is an asset.... I feel this...

  • @deniawiseone95

    @deniawiseone95

    6 ай бұрын

    Sorry but he isnt wrong for the majority sir..Also some kids still turn out spoiled and entitled no matter how good u are to them and can't wait to put their parents in a home. Their parents may have not felt negative about them bcuz they brought the kids here into the world but the kids didn't "bring their parents here" so to them it maybe a burden to have to take care of them when its time. Glad for your family being that way in lndia .but that doesn't go for everywhere else. Ijs.

  • @balakrishnaneaswaran8265

    @balakrishnaneaswaran8265

    28 күн бұрын

    ​@@deniawiseone95 if you don't want any relations and think them as liabilities. why live in this world? what's the purpose of having any asset? why earn money? what would you guys even do without a loved one! :D in this logic - even a husband/wife can become a liability to each other. Is he suggesting to stay lonely? come on. yes financial literacy is important, but one should be human if born as a human in this world. Failing to be human and failing to love is what is causing all the chaos in this world.

  • @kapatip9936
    @kapatip99364 жыл бұрын

    I think family is treasure- worth more than assets

  • @mashudrahman9190

    @mashudrahman9190

    4 жыл бұрын

    When u don't have any money how u feed them man?

  • @eigelgregossweisse9563

    @eigelgregossweisse9563

    4 жыл бұрын

    Your brain can be either an asset or a liability. Some are limited. Some are mentally disabled. Some are lazy but can have a huge potential.

  • @TheRazvy1990

    @TheRazvy1990

    4 жыл бұрын

    @@mashudrahman9190 WORK THE SOIL !!!!! western society ...you only want to stay and look at the MONEY ...BUT TODAY OFFCOURSE IT'S A SHAME TO WORK.....IT'S NOT FASHION daaa

  • @nehakhatri2826

    @nehakhatri2826

    4 жыл бұрын

    Exactly!!! How can one compare money & family!!!

  • @vedant9634

    @vedant9634

    3 жыл бұрын

    What if you have a fucked up one? Yes, I agree that these people will come to you in your hard time and all that family shit, but what if they are there just for their hidden agendas? What if they are giving you more headache, tension and family drama than your job? And to be clear, I'm living in one of those!

  • @sophiajacob4480
    @sophiajacob44802 жыл бұрын

    Success is dependent on the actions or steps you take to achieve it. Show me a man who doesn't have an investment, and i will tell you how soon he will go broke. Investment is building a safe heaven for the future. With the right choice of Investment that has at least 1% minimum risk and with an expert guidance, profit and Intrest is 100% guaranteed.

  • @--M--1111

    @--M--1111

    Жыл бұрын

    K well it's different for everyone. Success means different things to different people. We are all mortal and anything can happen. No one cares in the end of your success or will be by your side on your death bed saying ''wow look at what he accomplished'' most will be focused on what made them happy during their lifetime.

  • @donovanbrown7993

    @donovanbrown7993

    Жыл бұрын

    @@--M--1111 you must be broke😂😂😂 The lady was simply dropping some jewels on people who want to be financially successful. There was no need for your comment. And believe me, when we die it will be vital to leave an inheritance to our family, instead of being selfish and only thinking of our own happiness. Why did you click on this video anyway if you’re not talking about financial stability. Take those “making people feel happy” comments to a dr. Phil video.😂😂

  • @baba622

    @baba622

    Жыл бұрын

    Aight bro

  • @itsRiju

    @itsRiju

    Жыл бұрын

    @@--M--1111 you are absolutely right. We can't set a parameter of happiness applicable for all. For most of them yes its applicable for not for all . Because you may have understood the money but not your life. I will give an example. I do daily meditation and Yoga and my life's aim to seek enlightenment eventually and i am persuing it with all my focus and intensity. And i have a job in a Software company. I have two kids. So I have created a plan. I am saving some money for my kids. Once they are self dependent i will leave for heigher practice and submit myself towards it. I will have no money but an internal peace. Probably this is what I was seeking my life. People do not understand a bit about how this Cosmos and life works. We are in a cycle of birth death and rebirth. And we are repeating ourselves. Enlightenment is a way to break this cycle and merging to the consciousness.

  • @venus170

    @venus170

    Жыл бұрын

    @@donovanbrown7993 you're so stupid and a shame on humanity, he's saying his/her opinion, and not cause he/she is here in this video means that they agree with it, he might be doing a research on how to make money, but he was talking about being happy, and yes when your ass go to grave, with no family, no kids then yeah! What did you accomplish! And the point is be happy, it has nothing to do with being rich or not! The comment we're all in is actually shit, saying show me a man with no investment! So stupid, too many people have nothing and can't afford anything regardless of what this video say, he was able to take a loan and buy a condo, some people can't even take a loan! So give yourself a kick in the ass and gtfo

  • @pure_inspire
    @pure_inspire Жыл бұрын

    For example if the are also big investors, entrepreneurs Are they also liabilities to you or assets?

  • @user-rd5wb3ns4o
    @user-rd5wb3ns4o11 ай бұрын

    Nice video, but never answered the question as to how to turn a house or car from a liability to an asset. Sure, I can buy a house and turn it into a rental or buy a car and turn it into a taxi, but where then can I live without paying rent? How do I transport myself from one point to another if I live in the suburbs where there is no effective or efficient public transportation? In short, how can I turn my principal residence into an asset or my necessary car into an asset?

  • @TheApexEntrepreneurs
    @TheApexEntrepreneurs4 жыл бұрын

    Well watching this video is one big asset! Unfortunately, the great percentage of people don't even know the words "assets and liabilities" and if they do, they never thought about the difference between them! We wish, they teach us important stuff like these in school. Things that would change our perspective of money and help you acquire wealth and thus live free!

  • @Marsconquered

    @Marsconquered

    Жыл бұрын

    Stop talking about school already.jesus, whoever cares can find great content such as these online or in the abyss, whoever cares finds

  • @douglasderainville766
    @douglasderainville7664 жыл бұрын

    Thank you for walking the talk guys,Robert being responsible through self thinking,learnings,plus teachings brings truth to a level of understanding for and all Women and Men of the lands.Been following you's from the 90th always and ready in giving your most precious " time."Bravo to you's and all who do so.Enjoy !!!

  • @discoverer998
    @discoverer9984 ай бұрын

    He is always erudite and well informed.

  • @todescove
    @todescove7 ай бұрын

    I have made it here, and even if I'm to late to implicate to my life, I hope to learn to teach my sons. They deserve the opportunities I've missed

  • @XtraCrispy
    @XtraCrispy4 жыл бұрын

    This 14 min change everything in life thank you !

  • @JaykeTurner
    @JaykeTurner Жыл бұрын

    Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

  • @ArthurLedgeeer

    @ArthurLedgeeer

    Жыл бұрын

    Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment

  • @RebeccaLee-ks4cq

    @RebeccaLee-ks4cq

    Жыл бұрын

    Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.

  • @AlexanderTurke

    @AlexanderTurke

    Жыл бұрын

    Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $3million in that time frame.

  • @RebeccaBellick

    @RebeccaBellick

    Жыл бұрын

    @@AlexanderTurke Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my stock portfolio and plan my retirement

  • @AlexanderTurke

    @AlexanderTurke

    Жыл бұрын

    @@RebeccaBellick The adviser I'm in touch with is 'HEATHER ANN CHRISTENSEN, he works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me his strategy works therefore my result. he provides entry and exit point for the securities I focus on.

  • @WEALTHY_RICH_how_to_get_rich
    @WEALTHY_RICH_how_to_get_rich2 ай бұрын

    This will influence an entire generation of entrepreneurs, thank you❤❤❤

  • @divinparcon3055
    @divinparcon3055 Жыл бұрын

    I admire this persin...me to has father...he is very old already....his savings is going to shattered day by day because of his expenses ...I afraid that one day it will gone forever....but my conscience is clear....how about if it will ruined forever...I don't have work because I am the one who takes care of my father.....I pray to God that he give me a wisdom to handle it,. I think this guy is an answer.....Thank you LORD...!!!

  • @khandushinde8592
    @khandushinde85923 жыл бұрын

    I am 13 and want to learn about being an entrepreneur. Without Mr.Kiyosaki I would be watching stupid videos. I Love This guy

  • @sonamtshering3570

    @sonamtshering3570

    3 жыл бұрын

    Kid...you're wasting your teenage years. Time and moments are more precious than assets and liabilities. Go home and enjoy playing bike cycle and fights with friends only to be friend again next days

  • @awol7740

    @awol7740

    3 жыл бұрын

    I think it's awesome what you're doing, kid. Don't listen to the haters.

  • @user-kp1ry3so2s

    @user-kp1ry3so2s

    3 жыл бұрын

    @@sonamtshering3570 some what true. He should definitely not skip parties, hanging out with friends, hanging out with girls, or family. But he should also fill his mind with beneficial information that no other 13 yr old is learning.

  • @zeallera

    @zeallera

    3 жыл бұрын

    So happy for you😀 Keep upgrading your financial education since teens of your age aren’t interested in these stuffs rather they are busy flexing unrealistic things 🤷🏼‍♀️

  • @umerasad

    @umerasad

    3 жыл бұрын

    @@user-kp1ry3so2s hanging out with girls? Lol I'm 16 and I don't wanna waste time with my friends or girls on useless stuff

  • @bulayGtv
    @bulayGtv4 жыл бұрын

    Who reads comments and still listens to the convo? Like this

  • @andrewwhelchel5499
    @andrewwhelchel54992 ай бұрын

    As an accountant currently in tax season, thank you. I needed a good laugh

  • @bilal8971
    @bilal89714 ай бұрын

    Thanks allot Sir Robert kiyosaki ❤love you sir.

  • @elvismark5172
    @elvismark5172 Жыл бұрын

    Is now a good time to invest in stocks? I know everyone says stocks are cheap, but how long will it take for us to recover?. The fact that others in my field make six figures each piece. Obviously, there are strategies to be used in this market, but these strategies are not available to the average person, so am better off putting my money elsewhere. I am fully aware of the expense of working more to get more money.

  • @AnthonyHart34

    @AnthonyHart34

    Жыл бұрын

    The top experts, however, have access to confidential information and data that is not made available to the broader public. Being knowledgeable enough to use them successfully is quite another. Big returns, not changing stochastics, are the key. Rewards and risks must be balanced. To reach your aim, pick the right size and turn your edge as often as necessary.

  • @mattandersen2458

    @mattandersen2458

    Жыл бұрын

    you simply lack the expertise to capitalize in a down market. Professionals with extensive expertise who must have witnessed the 2008 crisis are the only ones who may profit significantly during turbulent times like this.

  • @waynestones

    @waynestones

    Жыл бұрын

    @@mattandersen2458 I'm looking for advice on how to rebuild my portfolio and develop more successful methods in light of the steep drops. How can I find this instructor?

  • @mattandersen2458

    @mattandersen2458

    Жыл бұрын

    @@waynestones I wholeheartedly back financial counsellor Sharon Lee Casey, who holds a US SEC licence. She has been helping me for a long with my portfolio. You may look her up online because she has many reviews.

  • @oscarjiron6974

    @oscarjiron6974

    Жыл бұрын

    @@mattandersen2458 Fascinated to know, Her credentials are undoubtedly excellent, Sharon appears to be very knowledgeable. I discovered her online profile and read through her resume, educational background, and qualifications, which were all very impressive. She is a fiduciary, so I scheduled a session with her.

  • @onebitstory
    @onebitstory6 жыл бұрын

    Main thing I got from this: " IQ is how bigger a problem can you solve"

  • @hayabusavb9618
    @hayabusavb96188 ай бұрын

    If you rent it out, after buying a property, where would you live? and if you rented in a different property and for example the property that you rent out, cost the person $1400 a month and the house you cunrenttly rented in cost like $1200 the cash flow is $200 but you also have to pay back the bank the loan from the property that you bought and the price could be like 1000 per month to pay back the mortage or the money you borrow from the bank, so now there is no cash flow. What should I do?

  • @AjayRajput-zb8rk
    @AjayRajput-zb8rk3 ай бұрын

    There is modern age, everyone does online payment, so how can tax not be paid in that

  • @bradleyhoare944
    @bradleyhoare9445 жыл бұрын

    The knowledge awesome. I do think the interview type filming isn't the best method.

  • @mrmatias2618
    @mrmatias26184 жыл бұрын

    I am 22, and everything that I have is liability Sh**t . Thanks Mentor. It's no later to change. Greeting from Angola 🇦🇴

  • @narutouzumaki6533

    @narutouzumaki6533

    Жыл бұрын

    Have to changed them to Assets?

  • @THATonedude-or1ho
    @THATonedude-or1ho4 күн бұрын

    Thank you

  • @desibur8558
    @desibur855820 күн бұрын

    Thank you so much sir

  • @desibur8558

    @desibur8558

    20 күн бұрын

    God bless you ✝️

  • @TrueShinobi15
    @TrueShinobi159 ай бұрын

    Being 25 watching this and hearing that you bought ur first property at that age and started to profit from the earning even if we're just a little. Is beyond motivating to me I'm locked in and truly eager to learn more.

  • @PrathamSaini-sd1cr

    @PrathamSaini-sd1cr

    7 ай бұрын

    I am listening it at 17

  • @LorenzAugust

    @LorenzAugust

    6 ай бұрын

    ​@@PrathamSaini-sd1cr same, preparing for 18

  • @longlifelearner2005

    @longlifelearner2005

    6 ай бұрын

    @@LorenzAugust Samee, wanna make a groul chat about financials?

  • @LorenzAugust

    @LorenzAugust

    6 ай бұрын

    @@longlifelearner2005 you mean group chat about finance? Sure I guess? I just started studying corporate finance, and I started with the book and trying to know all the financial terms to be financially literate.

  • @NikosTsiotras-cs2gd

    @NikosTsiotras-cs2gd

    5 ай бұрын

    ​@@longlifelearner2005Interested Aswell, how about a discord group chat?

  • @anniealexander9616
    @anniealexander96164 жыл бұрын

    I went through a divorce in 2011. I couldn't afford my house anymore. I put a tenant in it that could afford the mortgage. I never understood why others didn't do the same thing instead of getting foreclosed.

  • @willgny7749

    @willgny7749

    4 жыл бұрын

    Annie Alexander Some people like fighting. I gave up my house which had no $ in it for no alimony. I told her keep your house and assume the mortgage and rent out a room or 2 and I will buy my own house. Look up FHA loans they have all this on the website. The other choice was buy me out of the mortgage which there was no money for or sell the house... It can work out for both if people collaborate.

  • @kingherotv

    @kingherotv

    4 жыл бұрын

    Where did you go and stay if i may ask? Did you rent or bought another house?

  • @chinobonito30

    @chinobonito30

    Жыл бұрын

    Very bad decision. And where did you live? On the street?

  • @BryanWinssss

    @BryanWinssss

    Жыл бұрын

    Hi

  • @KenyaWright
    @KenyaWright2 ай бұрын

    This was super valuable

  • @pncabhisek7949
    @pncabhisek79494 ай бұрын

    In india. Rental income is also taxable income. If snnual rental yield is more than 100k Rupees then house honor has to pay tax based on tax slab he is in.

  • @weerobot
    @weerobot4 жыл бұрын

    Got to Love Robert's drawing of a house...lol

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