6 years ago I read “Rich Dad Poor Dad” for the first time. I now collect enough cash flow from my properties that my rent is fully covered and nearly all my expenses are making me nearly financially free! Now I help teach others how to do the same and when people ask me where to start I point them to Robert and his book. Thanks RK!

@comicstwisted

4 жыл бұрын

what kind of cash flow properties did you buy, duplex's?

@SteveRam

4 жыл бұрын

Patrick Notstar Single family residential Houses

@salazarmemories

4 жыл бұрын

SAME HERE MY FELLOW BROTHER ..THIS MAN CHANGED MY LIFE AND MY FINANCIAL WAYS OF THINKING

@jasonwenino

4 жыл бұрын

Find me on LinkedIn...

@NoOne-jy6mc

4 жыл бұрын

Please help me understand how to protect all the houses that we get. Robert says use debt to mortgage a house, making sure you are able to rent it out for more than the mortgage payments, so that there is some extra cash flow. The big problem is, once some of it is paid off, you own some equity in the house, say, half of it. If someone sues you personally for any reason, they will get hands on your equity in the house. So the bank will have to take back the house, sell it, then pay you the portion of your equity, and then your equity goes to the person who sued you. Let's say, instead of half, let's say you've paid it off completely - now you own it. If someone sues you, they take the whole lot. How do you protect it? What is the point of owning lots of houses and LLC businesses, if someone can simply sue the business, and take the business assets, or sue you personally and take your houses you own. I heard something about irrevocable trusts being a way to protect houses, but that essentially means signing it away forever, until you die and then it goes to your kids. What is the point of that. If you don't own it anymore, you cant say you are rich - it's your trustee that is rich, or your future kids that are rich. Surely there must be another way to protect your houses, and your LLC businesses.

"Rich people buy assets, poor people buy liabilities." That's the entire philosophy in a nutshell, and it changed my financial perspective forever.

@nikhilgupta3297

4 жыл бұрын

Yes....but he needs to be more specific ..these are just generic videos ..real investing is something more and deeper

@tonychavez4056

4 жыл бұрын

@@nikhilgupta3297 hope you can point the way?

@nikhilgupta3297

4 жыл бұрын

@@tonychavez4056 if i point the way then who will ask for the host of the video haha...just joking...he inspires me as much as he inspires others ..keep up the good work host ..but be detailed .. So tony just one way of investing is to buy a house near a university and furnish it and rent it out to students , roomwise so that ways u will earn much more rent than u wud have rented it to a family..it's like student housing and coliving

@salazarmemories

4 жыл бұрын

@@nikhilgupta3297 My dear friend...find a real estate property in an area/market where it will leave you + CASHFLOW(THA'ts your homework and every other investor out there) AFTER all expenses(utilities,mortgage) are paid. example on a property deal: multi family house purchased, say 3 family $150,000 property taxes $7,000 your money you will need: 20 % down payment($30,000) needed as you are consider an investor and will not live in home go to bank to get mortgage $120,000 if you do a 30 year loan your monthly mortage w taxes will be approx $1,400. say rent roll is $4,000(apt 1 $1,333, apt 2 $1,333, apt 3 $1,333) utilities $200 (water ,sewer ,electricity) $4,000 rents -$1,400 mortgage w/ taxes - $200 utilities -------------- $2,400 CASHFLOW in your pocket to do as you wish. key is to buy more houses w + cashflow to give you a passive monthly income of your choice and lifestyle to ultimate , GET OUT OF THE RAT RACE (your nornal 9am to 5pm Job w bosses) Mr Robert Kiuasaki WON'T find you the deal or give it to you. go out there explore ,talk to realtors , look at properties, find out about your market rents find your niche area ...stick to it and watch that property increase in value and Cashflow as you will raise rents based on present market. NOW GO SAVE YOUR DOWN PAYMENT AND GO BUY YOUR FIRST REAL ESTATE CASHFLOW DEAL. GOOD LUCK MY FRIENDS!!!

@nikhilgupta3297

4 жыл бұрын

@@salazarmemories see that's what I meant ..that's a real life example

Remember guys: If you’re afraid to lose money, you’ll never be rich. Gain the financial literacy to minimize your risk and go for it. If you turn profit in your first property, great! If you make a bad call and your first property is a liability, you learned something! Be smart, be brave, and just do it

33:00 Important Financial Statement - 3 accounting statements 1) Income statement + Expenses 2) Balance Sheet 3) Statement of cashflow- debt, investors, selling property, where your money is coming from and is going Bank will see this for you to borrow money

@kenji424

4 жыл бұрын

Danny Ju what if you just started and don’t have financial statements?

@emiliaa6175

2 жыл бұрын

I believe when you’re starting out, the bank will check on your income and credit score (debt record)...that was my question, how hard would it be to get a loan when you don’t have a job? When he says not to work for money, then how do you get a loan without any income?? A genuine question

Here's a summary: Use debt to buy Real Estate even if u have the cash to buy it because if you buy with debt, its TAX FREE!! In other words, more return on investment!

One of the most important educational programs you can find on KZread.

@PriyaKumari-pk7yu

3 жыл бұрын

Agree

Sir Robert T. Kiyosaki, please always do your lessons and teachings, I will be a testimony that what you teach can really make a poor rich. I will comeback to this comment 10 years from now, and I will be a millionaire. I am a Filipino and you are my Rich Dad.

@vrentyugoba235

3 жыл бұрын

Same tayo

@Lostsoul060685

3 жыл бұрын

kumusta na?

@BostonsWhitey

2 жыл бұрын

starting today me too

@arielsikes7946

Жыл бұрын

Where you at now?

Great man! I read his book first time in 2006. Asset and liability definition is simple and tangible! Cash flow!Passive incomes sources: property rent, savings, teaching, btc, consultancy, reading with practicing, financial discipline, detailed control/management on all expenses. After 10 years you are relatively rich, depends from your goals!

Your life is the product of your thoughts Keep upgrading your thoughts Revolution will in your thoughts and in your life

@pogchamp9446

3 жыл бұрын

I love this

Please make a video that focus more and in details on these 3 : income statement, balance sheet, and the statement of cash flow. thank you so much.

LOL! This is Rich. While all his comrade come suited and booted. He rock in with a jersey.

I would love to learn ! And get a understanding of this so simple!

*You can be an employee for life or a business owner / investor. Make the shift to become a business owner and investor. It's the best thing you can do.* 😉

@vanessahaley7590

4 жыл бұрын

Great response. Subscribe and watch my videos.

@dansan9858

4 жыл бұрын

If everyone starts to be an investor, who is gonna create the money through labor?

@mustardandtere7638

4 жыл бұрын

i agree... more hussle though...

We need our Doctors and Lawyers. You can be both , a professional and an successful entrepreneur.

@martavega.official

4 жыл бұрын

Totally agree, and probably you would be a better professional because you're not working for money!!

I always enjoy Robert's videos. Repetition is the key!

@phumaphetsheyankala8619

2 жыл бұрын

Indeed. He's a great teacher

Thank you Sir, Robert Appreciate this ,wish you a very healthy life.👍

Thank you Robert. I wish I could come around, hold your hand and say a big thank you

From Philipines I am watching and listening sir robert's radio program and vidieos. thanks a lot sir for financial education you are sharing the world.

The camera man is giving me "The Office" vibes lol

`Rich dad poor dad` is best book ever, many thanks to Robert! Only thing I disagree is with paying taxes, taxed money goes to fund the military, basic education, firefighters, police officers..and I think it's everyone's duty to pay their fair share so that we are safe as a country.

How am I barely finding this video?! When you have Ken and Robert talking real estate I stop what I'm doing.

Kenny owns over 1 billion dollars worth of real estate, that’s amazing!

Mr Kiyosaki thank you for your service and thank you for all you do to help me understand finance.

Que grande eres Robert, con la camiseta de Iniesta !!❤️ eres el número 1 🇪🇸

You mentioned $ 25000 a month @24.30. I think you meant $25 .

thank you daddy for another awesome vid. this year is gona be great for me. lets get out there and get rich !

Oh how I love the power couple, Kim and Robert. Total emperor and empress in their own business/real estate empire.

Up up Robert Kiyosaki, the greatest mentor of all.

Thanks so much for the awesome video 🔥 This will definitely help me Become Wealthy and Improve my Finances!! Keep it up! 💯💯🙌

I'm 24 and i believe in investment. I don't want to make it sound like it's easy but you also can get to the level where i am if interested...

@christabellajames2872

3 жыл бұрын

What investment are you talking about dude

@peterandrea461

3 жыл бұрын

I recently got into crypto trading and I'm already marveling over the profit I'm making. I'm like, how the hell have I been sleeping on this?🤔

@peterandrea461

3 жыл бұрын

I suggest you consult a licensed professional who will guide you through the rough market. As a newbie a started off my investment with expect Mrs Whitney Jones and my profits has been mind blowing..

@anthonyrichard8066

3 жыл бұрын

Expert Mrs whitney is a good expert and account manager every successful one would want to trade with

@anastasiamaxwell7720

3 жыл бұрын

I have been seeing so many recommendations about whitney Jones on Instagram and telegram trending I think she must be good for people to talk about her

Dont know why this so important things with so less views

@Unbekannt_0012

4 жыл бұрын

I think because most people dont believe it but thats why they poor

@vrentyugoba235

3 жыл бұрын

People love the outcome not the process i tried this to my friends and they just laugh at me ,but i laugh at them because they are all the same

This was really fun to watch!!

The two books that changed my life forever: 1. The Holy Bible 2. Rich Dad, Poor Dad Thank you, Mr. Kiyosaki, for taking the time to share your experiences and knowledge. I did have a question, I was curious what the process looks like once you acquire property. How fast can you find a renter? He says not to work for money, so what happens when you can’t find a renter or in the event the renter vacated, then the mortgage is paid by me? I know I may be asking the obvious... Another genuine question is he said not to work for money, then how do you get your loan for the property? The bank will obviously check for your income and your debt record (aka. Credit Score)...I read his books, I understand and don’t argue what he is saying...just genuinely curious about these questions. Thank you in advance.

@mane521

2 жыл бұрын

It shouldn't be too hard to find a renter, but in the event you can't, or they get evicted, you should have enough money coming in or saved up to pay the mortgage yourself. You should rely on the renter to provide your income. I hopes this helps. Feel free to ask more questions!

Robert speak slowly thats very good for me.other man speech speedy that's difficult

100% agreed I’ve been a saver for years now and even though I have a good nest egg I’m still behind financially big time!!!! The more I save the more behind I go... I’m going to get in gear ASAP

@jerrykid4972

4 жыл бұрын

Arthur Badalian thanks for searching this. Good stuff. I was there also. But 6yrs ago I started buying real estate. Still working and saving tho. Trying to reach that 100units goal 🙏🙏

@artcoin9699

4 жыл бұрын

Jerry Kid lord willing I can achieve financial freedom for my families sake

Robert Kiosaki you are the best.

Watching from Pakistan 🇵🇰, great fan of Robert❤️

Is it advisable to invest in real estate prior to or after GFC 2.0?

love from India, please make detail video on making financial statement

Hooked on this..thank you i need mentors like you

I read Ken's book in the rich dad poor dad series. It's quite good. It's called "the abc's of Real estate"

@phumaphetsheyankala8619

2 жыл бұрын

I have read it too

I have learned more about money and wealth from Robert in two weeks than I have from school and family in my entire life.

Soy una fiel seguidora e aprendido mucho con sus libros, nunca e estado tan de acuerdo como lo estoy con Mr Robert Kiyosaki.

Thank you very much. It was very helpful. Good luck!

@sherifnsubuga2403

4 жыл бұрын

plz is getting money from banks for real estate called RIBAH in Islam thxs.

Wow that was really awesome. 98% of that whole presentation made sense to me.

@cryptocuzzins9214

2 жыл бұрын

What was the 2%

Thanks, for your work and dedication to educating people!

Robert Kiyosaki SUPER. !!!

love this. learning so much each day.

I Learned more from Robert and his team then I am in school. Be the bank ppl:)

@TheDoctorNe

3 жыл бұрын

25 dollar per month. X24 month= 300dollars per year. At 4% rate of interest, I think, 18000 dollar repayment will require 18000/300= 60 years. How do u repay the bank loan debt, u never explained

2:00 do not work for money , do not work for paycheck control Real Estate = control the world with Real Estate = no tax 7:00 four kind of people 10:00 12:00 do not save money 17:00 31:00

Thank you Robert and your team for the value!

Wow you have point sincerely ebby

You guys are truly the greatest!

One of all time motivational author @robert

Amazing Robert goes to Spain!!!

It was inspiring but very . Very street smart! Great. Thank you. Ilaiah

Robert Kiyosaki SUPER !!!

Love all these vids. I look at money, taxes, etc so differently. It’s all about assets.

We cant use credit cards to buy real estate anymore . I have tried I owned boarding houses in Australia. You have to save for a deposit and proof that you are worthy to the banking cartel.

@asad9191

3 жыл бұрын

Thats right, bank will only lend you if they see that you can pay them back therefore you need income as well as some deposit but its to start the process. Once you able to buy your first property then you can just keep going by using cashflow and equity. Thats all the game. Personal Opinion.

Thank you I learn a lot

you should tell me on, how to find the assets for different income people, and for different countries around the world, and, how much gold needed to be save, before you start to buy real Estate

@nikhilgupta3297

4 жыл бұрын

Correct ...

@salazarmemories

4 жыл бұрын

thats YOUR homework

Hello Rober please review the economy of 🇬🇭 Ghana

@mamabuwaa1510

3 жыл бұрын

Why

Robert and his markers! Classic. Thank you for this team!

I hope to meet your whole time, Mr. Robert!! 💪🏾

I stumbled about this great teachings 4 years ago ... it took me a year doing my homework .... just like Kenny I'm now buying lands and real estate everywhere .... I can't say I'm financially free but in two years all my Orchards will be producing ... I'm still acquiring lands and planting more .... but not selling anything except the produce

wow what a vailable informations , damn to school and universities i mean certificates are good but not for making money >

Awesome teaching 👍

Everything I knew was a lie Understanding and truly comprehending what they’re saying is like being reborn

Where can i get the full episode?

hey! did anyone of you here purchased the limited edition Robert Kiyosaki’s complete Real Estate Cashflow Blueprint? i am about to buy so searching for some reviews:)

@levimalone4433

3 жыл бұрын

Did you buy it? Do you recommend?

lol everyone wearing suits. robert rocking his team lol

@RGTomoenage11

3 жыл бұрын

That’s freedom

Thank u

You are the best best best best entertainer I ever watch. Thank you

Awesome video ,,, more more more !!! 🙏

at 24:10 he explains how he gets infinite return, but what I don't get is where does the 2500$ monthly income come from? is it the cost of the rent? doing airbnb? it seems very high! Can someone explain please?

@markroberts9577

4 жыл бұрын

That was a speaking mistake on his part. He said he makes $25 a month cash flow plus what the government gave him in tax benefits that equaled $40 a month

@beckygallion2463

3 жыл бұрын

@@markroberts9577 but, how did he exactly make the $25 a month, did he sell? Rent?

@markroberts9577

3 жыл бұрын

@@beckygallion2463 she rented her property. After all expenses, she cleared $25 each month. Aka cash flow.

How many Zara and Starbucks have you personally created Mr kiyosaki? 1. How many small business actually get that big? 2. Where do you get money to invest in big business or real estate if you don't have any credit history or money as you say don't ever work for money?

@TheFactorySeven

4 жыл бұрын

First learn how to leverage time that will generate alot of money

@feeling2good875

4 жыл бұрын

chirag saxena I don’t have credit history either did he build his credit up to a certain degree to get the property

@latoyafamilia1192

3 жыл бұрын

@@TheFactorySeven can you call me

@TheFactorySeven

3 жыл бұрын

@@latoyafamilia1192 what's your ig

In truth, love Robert and kim! I hope their education is genuine.

@liankirmag.6060

4 жыл бұрын

happy shopper it is partially genuine

Is it better to flip houses, buy and rent locally or buying vacation properties in other countries and airbnb it?

Got damn it, thanks R. I can be a Spanish translator for free (dead serious) I’m still waiting for your call.

@janayeshawnpriest1505

4 жыл бұрын

Fuck u shawn

I agree with the quadrants but on the business side there are a lot of businesses that make a ton of money without being an next Zara or McDonald’s.

thank u robert

genuine knowledge

*But don't you pay tax on rental income ?*

The best advise ever. 😇

Should you please tell me how could we buy properties in Spain😁?

@gazelemcadizal7774

4 жыл бұрын

look for real estate classes. look at 100 properties in 90 days. Pay the price

Hello need some advice please. If I get a lone to put a deposit on a mortgage will that work in the UK. and is it best to go interested only on the mortgage?

@TrainForThePros

4 жыл бұрын

steven lodge kzread.info/dash/bejne/g5posrebobTPfJs.html

One thing not emphasised strongly enough here is each country have different Tax Laws , therefore Tax Free in USA , may not be Tax Free elsewhere. In UK for example , landlords have lost lots of Tax benefits in the past couple of years and are selling up as it's becoming less viable. Good video nonetheless.

@erickflorian8301

4 жыл бұрын

Read Tax code of your country. You'll see which is incentives or not.

@TrainForThePros

4 жыл бұрын

There are lots of ways to win with real estate. Look up Samuel Leeds, he is in the UK. He has a video on KZread where he lives with a guy for a week and the guy replaces his income with real estate... in just one week. Many ways to invest in real estate, many ways to win with real estate. Stay curious, always. Just my .02

And what about credit card repayment?? Didnt get that part.. Can someone help me out..

@tonychavez4056

4 жыл бұрын

Credit card repayment? Meaning how to pay for your debt? Work if that's your question. That's why Robert keeps repeating himself and telling stories. He uses his time for money. Just the money is bigger per hour and works less. He also sells his name/brand to anyone willing to give him money.

@benwilliams1264

4 жыл бұрын

This coat is incurred by the tenants.. They typically repay the loan that he took from the bank

This method of using debts for sure could have worked in the USA during the 1980's, when getting credit from banks was really easy. Nowadays I'm not so sure...If the guy is a professional real estate investor, he has already a solid financial "cushion", and the bank knowing it, for sure will lend him money. But this is not the reality of the average person that is starting investing...

@emiliaa6175

2 жыл бұрын

Yes, exactly. The banks are not so quick to give out loans these days. Our reality today is you will more likely have to present proof of income and your credit report (aka. Debt track record)...still, it’s starting somewhere, if you make good decisions and start today, it can still be a better quality life than most who wish to remain ignorant and poor...i don’t want to be poor-minded anymore. I know that’s why we are all reading his books and watching him!

🎧

Hey Robert! I’ve been watching your videos for awhile now and have a question. What is the best way to search for the right teacher? Is going to networking events and seminars helpful or contacting people I already know using a friend of friend sequence ? Or none of the above ?

Can someone explain Robert’s scenario at 24:51? Don’t you have to make certain payments towards the debt each month? Or has it already been deducted when he made the return of $2500 monthly?

@thinhdoan3373

2 жыл бұрын

He makes $25 monthly after all expenses. When he said $2500 the first time it was a typo.

these guys are dropping some life changing powerful shit!

You are my rich dad 👌

EXPLAIN THE 25 000/MONTH? OR IS 25/MONTH

Can these principles still be applied to in the current hot 2022 RE market ? What I mean is interest rates are high, supply is low. There are already big corporations (aka BigRock, etc ) and RE investors (who already have a hefty portfolio of rentals) that are buying out the market. And then there are First time home buyers that want there starter house. How is it possible for new investors to get rentals in this market? I mean, there is only so much land and properties in America. It will def run out pretty soon.

#KIYOSAKIMAFIA 🛸

@FrancoMendozaSpeaker

4 жыл бұрын

FORMULA FORWARD MOTION INCORPORATED are you poor, aren’t you?🤷🏻‍♂️

So, I am 44 years old and you started at 25 years old; you probably already worked on attaining your real estate at an early age. Everyone has to start somewhere, but it takes time to attain the assets and pay the bank back right? So, am I too old to start doing this now?

@larrygarcia9048

3 жыл бұрын

Due to the pandemic all over the world, many are in financial crisis now. So if you want to learn how to earn money from home, you should check out Mr Roberts @robertslarrison on Instagram.. I earned $12,000 within 4 days with an investment capital of $1000. All gratitude to mr Robert @robertslarrison for helping me out of stress of money may God Almighty richly bless you @robertslarrison

@phumaphetsheyankala8619

2 жыл бұрын

You are too young. Go for it

I doubt If It would work here in Brasil, 10% a.a. on loans, and 25% taxes over the monthly income. Its a different scenario.

@nunesandrew4198

4 жыл бұрын

Marlon I am from Madeira Portugal and its the same issue over here, no point in buying with debt and rent and let debt pay itself as its 21% on loans and no one has money to rent...

@tonychavez4056

4 жыл бұрын

@@nunesandrew4198 really interesting, what are you guys doing to make it big?

@arthurfonzarelli9828

4 жыл бұрын

Well at least your women are beautiful

...but your $2000 on credit card has interest accruing. So, you need to pay back the CC which will be more than the original amount you borrowers.