Check out 2nd book from Robert Kiyosaki called INCREASING YOUR FINANCIAL IQ - kzitem.info/door/PLlbl0lCipVeM3Ci3pG5GaiVcL01UMw9Z4&si=WTciMOspeBEQuvcp
@krajames4624
5 ай бұрын
Q
@davidmwangi7592
4 ай бұрын
❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤
@richardsumo7349
Ай бұрын
Vyyyvyvyvbq
@Thomas.Bolleiro
Ай бұрын
He'll soon write a similar book called, "Gay Dad Transgender Dad"
@semi2410
Ай бұрын
30:58 31:00
@tatianastarcic
Ай бұрын
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
@berniceburgos-
Ай бұрын
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
@PaulKatrina.
Ай бұрын
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
@Hectorkante
Ай бұрын
Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I’m in dire need for one.
@PaulKatrina.
Ай бұрын
My CFA ’Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
@BridgetMiller-
Ай бұрын
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website… thank you for sharing.
@hersdera
4 ай бұрын
I must say you are an inspiration because I started up investing and trading as a scared investor who doesn’t want to lose money, glad to say I’m very profitable now and bought my first house through it
@HectorWhitney
4 ай бұрын
As a beginner, educate yourself: Learn the basics of investing and the stock market. There are many resources available online , including books, articles, and online courses. It’s a good idea to diversify your portfolio across different stocks and sectors to minimize risk.
@PaulKatrina.
4 ай бұрын
The truth is that this is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. My friend just pulled in more than $84k last month alone from his investment with his advisor. That is how people are able to make such huge profits in the market
@ScottKindle-bk3hx
4 ай бұрын
Wow! This is just mind-blowing. I have set aside $80k since the start of the year, but I've been hesitant to go into the market by myself because of fear of a crash. How about you recommend your financial advisor, please? I could really use some help.
@PaulKatrina.
4 ай бұрын
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five aiyears now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
@gracesanga2497
4 ай бұрын
Good news
@tmer831
6 ай бұрын
if the idea is to build an income stream to use as complement for retirement, or at any given point if needed, then building a dividend growth portfolio always buying adding to it could be a good and peaceful path. On the long run consistency and perseverance could guaranty the desired income stream goal with little worries
@DavidCovington-st2id
6 ай бұрын
the idea is to Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions.
@mikey43221
6 ай бұрын
Well said, with the help of the an investment advisor, I diversified my 62K portfolio across many markets and in a matter of months, I was able to produce over 356K in net profit from high dividend yield equities, bonds, and exchange-traded funds (ETFs).
@SteveDutton-v
6 ай бұрын
wow massive gains! my partner recently hinted on going same direction.. what did you invest in, and who is your investment advisr please, if you dont mind me asking? in dire need of asset allocation
@mikey43221
6 ай бұрын
“Vivian Carol Gioia’’ You can easily look her up, she has years of financiaI market experience.
@SteveDutton-v
6 ай бұрын
I find this informative, curiously explored Vivian on the web, spotted her consulting page, and was able to schedule a call session with her, she shows quite a great deal of expertise from her resume.. very much appreciated
@bkmitch100
6 ай бұрын
I read this book about 15 years ago. Many of the lessons are sound. I was living paycheck to paycheck. I now own a home with over half a million in equity. Do not constantly budget to make sure bills are going to be paid. I am an active stock trader. While the market was going red my account was running greener then ever. Take the time to learn as much as you can about money and how it works. I will not happen over night. Also some background, I am native american and grew up very poor. I did not have running water and had electricity via generator. you can do it, just one step at a time and belief in yourself.
@blessedjoan9927
4 ай бұрын
I read it this month few days ago
@AlexZ-lc6nl
4 ай бұрын
Would love to connect with you someday and learn, even if for free. Seriously. Inspiration.
@techarch8851
4 ай бұрын
What happens when all your investments go down the toilet
@randomnub4990
3 ай бұрын
@@techarch8851try again
@noileneantonettemolinar9827
3 ай бұрын
I would love to hear from you . Because I also really want to change the course of my life, to have millions . But I don't know where to start .
@JenniferDavis7630
3 ай бұрын
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains within months, I'm really just confused at this point.
@Angelinacortez495
3 ай бұрын
I found her page by searching for her entire name online. After that, I emailed her and we set up a meeting so we could talk; I'm currently waiting on her response.
@positivepower333
3 ай бұрын
No
@JosephineJumokeFlourishHH
3 ай бұрын
Listening to this audio summary should go a long way for you to make your informed yet independent decision. Why don't you re-invest in properties so as to earn a periodic, consistent rental income? Robert Kiyosaki's company still trains. Thach Nguyen also does on real estate.
@crystalccastro
3 ай бұрын
read the book “money master the game” by tony robbins. it helped me shift my mindset
@nishantwagh2863
3 ай бұрын
Do proper study or take advice from stock expert
@taranggwesu3349
10 ай бұрын
One of the books that brought change to my perception towards life
@Timothy1689
21 күн бұрын
I've been making a lot of losses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?
@LopezRodriguez-lm8jh
21 күн бұрын
I will advice you should stop trading on your own if you keep losing.
@LopezRodriguez-lm8jh
21 күн бұрын
If you can, then get a professional to trade for you I think that way your assets are more secure.
@LopezRodriguez-lm8jh
21 күн бұрын
I'd recommend Scarlett Hansley, her profit is great even when there's a dip
@Shivanshpam
21 күн бұрын
Wow. I'm a bit perplexed seeing her being mentioned here also. I didn't know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been amazing.
@LopezRodriguez-lm8jh
21 күн бұрын
You don't need to be shocked haha because I'm also a huge beneficiary of her
@alessandromariani3015
10 ай бұрын
Earning money isn't a science , it's an objective... like going into a shop to get some shoes. Science tells you how to improve, like everything, and the right name for such science is Finance, which study exactly that. So finance it's a science that study all the possible ways of obtaining, managing and using money.
@ebukadandy5548
4 ай бұрын
Wow
@mindlessdillan
10 ай бұрын
I read halfway through this book, looked into Robert, saw a clip where he said "I don't like to write books, I write them because they create income" Immediately put RDPD back in the little free library I found it. I believe there is knowledge to be had in this book, but none of it is useful if your expenses outweigh your income, which is true for most Americans. I'm sure if you had a friend to lend you $2200 dollars, you wouldn't be poor. I'm sure it your rent wasn't $1600, you wouldn't be poor. I'm sure if you weren't homeless, you'd know that house is a liability. His works just seem very out of touch to how most people lead their lives. This is a book I'd recommend to a teenager to get a grasp of finance, but definitely not a guidelines to becoming rich. Thank you for uploading this, I was interested to know the rest of the book, but could not being myself to finish it.
@1lifeonearth
10 ай бұрын
Very very good point. Apparently this author didn't actually learn anything from rich dad, because the author hasn't created a successful business. His only business is peddling his book. That makes him no different than a fake youtube guru who only profits from peddling ideas that he didn't follow himself.
@mindlessdillan
10 ай бұрын
@@1lifeonearth your reply is my exact thoughts on the book, and why it has been promptly returned to the little free library near me! Sometimes, there's a reason a book ends up free.
@mindlessdillan
10 ай бұрын
I would also like to add to the content creator a thanks for doing this summary and creating this video. While my criticism of the book was overall negative, I wouldn't have been able to develop a matured opinion, of a half read book, without this video. The hard work on the summary and editing shows, I'm glad for that effort to be accessible for educational use.
@Sc9cvsd
10 ай бұрын
The fact robert is a grifter doesnt change the fact this really is the steps for someone to be rich. But they do need a high enough paying job and the drive for more. Someone making barely enough to survive wont thrive on these ideas but someone making say $150k a year isn't rich and is still in the rat race especially if they let lifestyle creep catch them but could use these principals to go from being a $150k a year wage slave rat to rich and retired young
@kimwieczorek1879
9 ай бұрын
This was my 2nd fav. book. My fav. book was The Millionaire Next Door.
@hoseakapami928
3 ай бұрын
Hey am asking for book
@BurningDesire_letsgo
4 ай бұрын
Beware of scammers, always trust but verify and verify some more before investing a penny… Too many scammers in our 🌎….
@giovannifoulmouth7205
Ай бұрын
this comment section is full of scammers
@ayylien3070
23 күн бұрын
Any KZitem video involving money/investing will be flooded with bot comments advertising "advisers" who scam people out of their life savings via "pig butchering" scams.
@ZeeMan-xu9kx
5 ай бұрын
This seems like the worst period. Even the market are now very unpredictable. Started investing recently when the market prices were a bit high,today I am more than 60% down!
@GeneticBen
5 ай бұрын
Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to Alexandra marie
@ZeeMan-xu9kx
5 ай бұрын
Please educate me, i'm willing to make consultations to improve my situation,
@GeneticBen
5 ай бұрын
She's recognized as 'Mrs marie. One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
@ReyesM-oz9li
5 ай бұрын
I even thought I'm the only one she has helped walk through the fears and falls of forex trading.....
@ZeeMan-xu9kx
5 ай бұрын
Please how do I find this financial counselor?
@ameliaemerson2250
9 ай бұрын
The year is almost over and very glad about the decisions I have made so far. Investing in the market earlier this year regardless of the market conditions has saved my life. I made over 70k USD with a start of 25k in the last 7 months. I know it's nothing compared to what others make but I'm glad I'm changing my finances.
@Mikael00898
9 ай бұрын
Spot on. The market presents different opportunities to create passive income, with the right skill and proper understanding you're good to go.
@getitbig9142
9 ай бұрын
@yung1448How were you able to make that much? Seems like I'm not lucky enough.
@getitbig9142
9 ай бұрын
I'm very much aware of the great benefits of working with a pro but I haven't found one for myself.
@getitbig9142
9 ай бұрын
Definitely grabbing this opportunity. Thanks so much, just found her webpage
@chubbys.b8202
9 ай бұрын
lnvesting in the crypt0market also changed my financial life. I was able to clear my debt and also created a passive income.
@bollweevil8112
8 ай бұрын
Rich people need poor people to do things for them. Rich people care less about humanity. Most people want enough money, but don’t want to be a rich person
@tittos9651
6 ай бұрын
There is a desire to be rich if you want the capability of helping people.
@yugalsharma13
23 күн бұрын
True that. If everyone's rich, no one will be.
@dovefooks
9 ай бұрын
This is so good. I love the book but I love the visuals of this video more. Thank you!!
@Middlestepofficial
10 ай бұрын
Better to be poor and happy with your family, than rich and miserable without time for anything in life.
@awukustudios
10 ай бұрын
I have alsways wanted to read this book for years, and i finally get a whole simple narration in 30min pinpointing the lessons in the book. Thank you very much for helping us broaden our knowledge through this video.
@McMallister
10 ай бұрын
Makes me want to buy the book now 😂
@droman608
10 ай бұрын
Usually books, ads and seminars “teach” (or tell) without showing. This video compresses the knowledge to succeed in a way that’s understandable (and for free). Thanks for this valuable life lesson! 😎💯
@CristianDiaz-tg1pj
10 ай бұрын
Did you actually “want” to read the book, though? Or was it an idea? Because usually when we really want something we just go out and do it. I wish courage and best of luck for you my friend to get the great things in life. Check out The Richest Man in Babylon when you get a chance.
@chrisrodrigues3288
10 ай бұрын
L
@chrisrodrigues3288
10 ай бұрын
@@droman608l
@allenheydari356
10 ай бұрын
In 2010, the Canadian Broadcasting Corporation did an exposé on scams that were being perpetuated by Kiyosaki's company in Canada in the guise of seminars.[23] Upon tracking the success claims of "Rich Dad" seminar organizers, they discovered that these claims were not true. Investments in trailers and trailer parks, which were being propagated as "successful" by seminar teachers, were found to actually be barren pieces of land that no one was using. Kiyosaki's advice has been criticized for emphasizing anecdotes and containing nothing in the way of concrete advice on how readers should proceed or work.[24] In 2006 and 2007, Kiyosaki's Rich Dad seminars continued to promote real estate as a sound investment, just before their prices came crashing down.[25]
@buddyrevell511
10 ай бұрын
Your information might be valid, but there is nothing in this video that doesn't ring true. Phenomenology shows us that it is.
@davidbolton6691
10 ай бұрын
"The Canadian Broadcasting Corporation"
@andrewferguson222
9 ай бұрын
@@davidbolton6691 Yeah we usually call it the CBC, they're a very reputable news source, and they're absolutely correct that Kiyosaki's business is pyramid schemes dressed up as seminars that are essentially drawn out versions of this video. Don't join Amway
@iamalphalim
2 ай бұрын
Cool story bro What’s your improved way to create wealth?
@alexmousley7213
Жыл бұрын
The irony is that Kiyosaki made money selling courses about making money, his other businesses failed and he got his leg up by selling courses to people in a pyramid scheme!
@bengali481
11 ай бұрын
and before that he scammed friends and family with amway
@mikhailvarkovsky4150
10 ай бұрын
Most of the book is heavy larping and stories that never happened. Also investing in real estate is boomer advice at this point, in these dystopian times is just too expensive to acquire one single house to live in. I find the real lesson of the book is writing a best seller with a catchy controversial title and live off the royalties, you don't even have to write a great book, write trash like The power of now and people will flock to buy it
@Zach-ls1if
5 ай бұрын
A lot of other people that are rich receive a significant inheritance at some point. That’s actually a big factor that separates many middle class from rich.
@markganus1085
5 ай бұрын
thank God for at last a non-bot comment
@Zach-ls1if
5 ай бұрын
@@markganus1085 I’m gay
@spunkflunk
10 ай бұрын
Where are u getting these $numbers? Or when is it suposrd to take place, in the 1920s??! 25cents an hour pay??! 10 cents to rent a comic?? 1 dollar a week to be be a librarian
@fernandorodriguez876
10 ай бұрын
Probably just numbers used for an example lol
@Sc9cvsd
10 ай бұрын
Robert is like 75 now. This is supposed to be about his childhood
@KatarzynaKapusta-r7j
7 ай бұрын
As you can see on the example of the rich dad and Robert himself, there is no better business than preaching.
@riku3716
11 ай бұрын
Not allowed to ask question before choosing becaude decisiveness. Good decision is based on information. Acting like taking a moment to ask questions is wrong just encourages people to rush into decisions without consideration.
@Dr.Ganhym
9 ай бұрын
Great summary. Thank you for sharing
@FaithAndrada-xo9ou
3 ай бұрын
if you make smart decisions and invest in the right places, you can reduce the risk factor, increase the reward factor, and generate meaningful returns. The majority of stocks will be at or near one extreme or the other several times a year. Stocks have a 52-week low and a 52-week high. equities fluctuate up and down; even rising equities will retrace and test previous supports. It's what they do, and I tend to buy much more frequently at or within 15% of 52-week lows. Although the market is out of my control, I can control when I buy
@ShadoSpartan44
10 ай бұрын
Appreciate the summary, the important thing for people is to open your mind and listen to all the different ways to make money. Best way is to invest your money that will start paying you back over time
@Broleon-
8 ай бұрын
25:19 now it's changing to Attention 😮
@theresnothinghere59
9 ай бұрын
There is a little problem here: "to be rich you have to buy assets". With what money exactly, if you are not already rich?
@theresnothinghere59
9 ай бұрын
In italy you can't sell a house you just bought.
@khosienhle7060
4 ай бұрын
Get a job first save money as much as you can
@MimiMhair
3 ай бұрын
use other people's money to start networking
@debradalmas6972
Ай бұрын
How@@MimiMhair
@holacomoestas_imERICA.520
2 ай бұрын
Working in one profession while going to college to learn a new profession. I anticipate learning new skills til my dying day. I always want to know more and new skills.
@paigek518
6 ай бұрын
Thank you for summarize the book in a such easy fun to watch video. Please do more books😊.
@mohapimosolo5428
Жыл бұрын
This is really an amazing channels for people like who don't like to read but still would like to consume the right knowledge
@eugenewilliams383
Жыл бұрын
What was his first book??? This is a 20/80 book. Read once and don't waste any more time.
@Najmu651
10 ай бұрын
Thanks for rich dad & poor dada Summary
@WanBadGaming
9 ай бұрын
Thank you for the lesson. Surely I will be rich someday.
@mrki412
6 ай бұрын
Book doesn't tell you that many ppl invest and only small amount of ppl suceed. Some things are stupid in this video, increase in cash increases consumption of money, but we all earn money to use it, not to watch it or invest it at all cost, life goes on, somebody wants good watch, nice car, etc.
@nileshrughani1354
8 ай бұрын
When I was 13 I read this book and it changed my perspective if money
@damonflick6242
11 ай бұрын
Is it possible for everyone to be rich in this system? Without employees, or renters to take value from could ‘rich’ people exist? The working class makes value. ‘Rich’ people who do not work are taking more than they deserve and cause suffering for the workers who actually produce value.
@nova31337
9 ай бұрын
That's a very narrow view. People rent for a number of reasons. They may have a temporary assignment for work in an area. They may also be interested in buying but want to make sure they like the area before committing to buying a house. This system is not for everyone, so don't expect everyone to want the risks and responsibilities of being a landlord.
@skydude7682
9 ай бұрын
There is wealth in other things. In an egalitarian society that abolished The need for money influence and popularity would become just as powerful an asset.
@markganus1085
5 ай бұрын
it's a zero sum game. if someone has most of the money, some people will have to make do with little to nothing. possibly starve to death
@Izual001
2 ай бұрын
Not everyone can be rich. Money is like any commodity, and market rules apply. The more money is on the market, the less the worth.
@kylestone3177
Күн бұрын
The Rich do what the government wants people to do which is create jobs or bring value to the economy. The middle class do what they think they should do. Anyone can do what the rich do, but it's all up to you to make your dreams into reality.
@OSWARDCHIBUYE
23 күн бұрын
Am really inspired by Robert Kiyosaki and his writings
@amirdan2327
9 ай бұрын
How the hell 2 kids with no money opened a library with tons of comic books?
@zebrakiller69
6 ай бұрын
Same way someone bought a 75K house with 20K from money they borrowed with a friend.
@oORiseAboveOo
5 ай бұрын
They probably had a lot themselves, and maybe traded some collections off of friends for other stuff.
@iserved1642
4 ай бұрын
@@oORiseAboveOo They made an agreement with the supplier of comics for the store to take the periodically replaced comics (which were going to be destroyed) off hand but not sell them to anyone else. So they started a comic library charging admission.
@RJM182
2 ай бұрын
This is a big hole in this story. To make money, you need money. The money needs to come from somewhere first. Work a job and save, then invest.
@BashBash-x2m
2 ай бұрын
It's a madeup story they can have thanos help them if they want to
@mrossrahmat88
Жыл бұрын
I read this book when I was 13, but didn’t appreciate nor understood the concept till at a later age 😅😅😅
@haveascottyday1405
11 ай бұрын
A great lesson was learned by my father-in-law. He gave each of his kids an "allowance" of $50k when they married. House, marriage, or both: your choice. Two kids spent it all on the wedding. We spent $10k on the destination wedding and placed a down payment on our home which we still live in 10 years later. We now have 60+ rental keys and multiple businesses. I still have my day job which helped accelerate things. The others are still renting. Edit: those businesses operate on "the McDonalds' model". We own the real estate. The businesses make a little money AND pay us rent--also they employ family and friends. The latter is something that many of us could only dream of when growing up.
@r5t6y7u8
11 ай бұрын
Never married, no kids, and inherited $30K when my Dad died. Every dime - and then some - went into my mortgage, which I paid off in 12 years. No idea what my sister did with her $30K. AFAIK, she's still flat broke and living with her boyfriend.
@Exata1337
10 ай бұрын
im pretty sure a 40k down payment on a house (in an economy where the average/median is mentioned as being upwards of 400k), isnt gonna make you able to afford all that in 10 years, thats more related to you making bank of your job or business, not because you saved 300/month on mortgage. sure enough spending it all on a wedding is stupid, but they wouldnt be anywhere near your situation simply due to putting 40k on a down payment to reduce the monthly payment lol
@electron6825
10 ай бұрын
I wonder what crucial details are missing from this story? 🤔
@haveascottyday1405
10 ай бұрын
I bought a really nice home for the area that was far too big for my family at the time. It was $215k. In 2013, that was larger than I needed but I still live in it, so it obviously worked according to my family plan. I got rid of the PMI about 1 year later as values increased and I eclipsed the 20% threshold for PMI. I live in a pretty rural area. Things are cheaper. And things were cheaper 10 years ago. At the time, I was making $52k at my 9-5. That same company now pays me a salary of $78k. Obviously good money, but it also wasn't "big city money". The missing factors, looking back at my comment, were two things: #1 I averaged at least another 40+ hours of work every week starting those businesses/fixing rentals. As one job finished, I rented it, took it to the bank to leverage it, and then bought the next one. #2 I worked so much, I rarely had any time to spend any money.@@Exata1337
@EarlNamahoe
10 ай бұрын
@@Exata1337 you are a doubter...but you are BROKE.....learn how to take over other peoples properties by solving their problems...it is done every day.....I HAVE ONLY 6 PROPERTIES...but leveraging those to buy one more house is relatively simple...I procrastinate too much,but I will get around to doing more in the new year....you never will.......that I KNOW.......
@reidhaagenson9259
9 ай бұрын
Robert kiyosaki was saying he best investment was canned food a couple years ago … great advice
@Financial-Education101
Жыл бұрын
Nice summery. Great content my friend.
@jephjeph
Ай бұрын
"Most people play not to loose when they should be playing to win"
@jessicadelrosario2185
Жыл бұрын
Your explanations of his books are great and very easy to understand. I can also say that I have personally experienced many of the things he talks about. My husband and I had absolutely nothing when we met. When I was about 26 we ended up buying a multiplex because we did the math and the only way we would ever be able to afford to pay a mortgage was if we had some income coming in. It was run down and needed a lot of work. We did it all ourselves because we couldn’t afford to hire anyone… but those rentals paid mortgage and it snowballed. We ended up with several properties and we now live a life that neither of us even imagined, by the grace of God and willingness to do what no one else wanted to do
@alethlumagbasboniol4473
11 ай бұрын
❤👍
@itoibo4208
11 ай бұрын
"We had nothing.. so we bought some real estate." 🤭
@jessicadelrosario2185
11 ай бұрын
@@itoibo4208 we had nothing but we built our credit. You can buy a real estate with nothing but good credit.
@GARDUITO
11 ай бұрын
@@itoibo4208 reading isn't your thing, we get it.
@blakedavis4209
11 ай бұрын
@@GARDUITO Nor yours, it would seem. Says right there that they had nothing, but bought a multiplex. How do you buy a multiplex with nothing?
@Empire4Liberty
Ай бұрын
Well I saved money for 8 years while we had parents and kids who cared about being a family. Now we are all in manufacturing.
@teodortodorov1662
9 ай бұрын
I`m 20 jobless and broke, but I`m glad that I have read this book, because I plan to became rich! I gonna find a job the next year and I gonna spend most of my money to start some buisness!
@Lmniii
9 ай бұрын
Same with me 😢 all the best to you ✨
@saulatuiqalau1120
9 ай бұрын
I’m with you guys, on the same boat here
@Moneymann1998
8 ай бұрын
Study your business plan , and commit it to God and it will prosper
@kelvinth30
11 ай бұрын
When someone can tell you when to work , what to wear and how to behave you are not wealthy in freedom , financial and mind
@WatchMeShadow1
5 ай бұрын
True, but that's how any economic system will work once it gets large enough. Maybe this advice would've worked in the 1980's downwards but such advice no longer works in todays economy. Only skilled day jobs allow for the potential buying of worthy assets. The rich do have a tendency to screw over the people making them their money, and the corporate/stock system is nothing more than a corrupt and broken system that allows for ease of use in corruption.
@litoace-sw9zf
10 ай бұрын
Very interesting. When you get a chance you def gotta listen
@asadvisuals
Жыл бұрын
I swear the amount of value condensed in this video is unreal, i appreciate your knowledge and service. I say this with a full heart. Thank you
@matiasantoniocafemba
Жыл бұрын
I love to much this channel✍️✍️😁😁🤝🤝
@bobbyvolantine9550
10 ай бұрын
Thank you for these beautiful informative video i wish we knew yesrs ago thank you
@downbntout
11 ай бұрын
Poor Dad wasnt a teacher, he was Chairman of the School Board of the whole state of Hawaii. His income wasn't embarrassing but his mindset was
@randomnobodovsky3692
10 ай бұрын
"Chairman of the School Boar" - so, if the "Poor Dad" is already VIP...
@downbntout
10 ай бұрын
@randomnobodovsky3692 read the book, you don't understand the diff between the two Dads
@bloodmerchant4960
9 ай бұрын
For short u need to be an employee first to be able to become rich as a ordinary person.😅 and take risk afterwards
@etsehiwotfantahun1775
8 ай бұрын
Is it too late to read the book? I wanted to have my dream Home this year❤
@ajaoyusuff1369
Жыл бұрын
You are doing a great job 👍
@Oscarfreeman-cn9rc
3 ай бұрын
feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
@dennismurage5560
11 ай бұрын
Thsnkyou the good summary, i've learned.
@kevin2hard
11 ай бұрын
There's a loop to these success... Boys created a library.... Where the money comes from to create this library.. Capital to start a business is the missing factor here not everyone has it
@DavidAnđelić-v4q
11 ай бұрын
You don't need capital, you need ideas
@markganus1085
4 ай бұрын
@@DavidAnđelić-v4q and ideas need capital. else they go nowhere
@toddc6682
11 ай бұрын
Someone has to do real work. Imagine if 99% of the population sat on their arse pulling money out of thin air. It wouldnt work.
@tittos9651
6 ай бұрын
99% of the population won’t care enough to challenge their outlook on this matter.
@markganus1085
4 ай бұрын
@@tittos9651 even if they did it wouldn't change reality a single iota. not everyone can be the boss
@tata-kj5jz
7 ай бұрын
Oh how much i love self awareness
@ShadesOfGold1
3 ай бұрын
I must commend this video it's just really timely for me.... I read the book at a very young age and it's just kind of complex for me to understand but after this video I had to go pick it up and re-read. It's something I need right now. Thank you 🙏🏾
@efbay
10 ай бұрын
And the first thing you should invest in if you have it is : your debt. Pay it off (God willing before you die) and then you can invest it like all the guys who got free rides to school or had their pops set them up go on and on about. If you need a more concrete explanation: compare the interest rate on your debt to the average you would make on an investment of choice. Often you will find the cost of your debt exceeds the profits of your investment (if left unpaid).
@aquajon8701
10 ай бұрын
Beautiful description & explanation on asset management and accumulation love. On behalf of the lower an middle classes, we genuinely thank you🙏🏾🙏🏾🙏🏾
@shaggyfeng9110
10 ай бұрын
Don't, the book is BS. investing is a form of gambling. And money education is another get rich quick scam.
@dogethsamurai2390
8 ай бұрын
Thank you Lesson 1. Rich don't work for money Have money work for you instead lesson 2 Why teach financial Literacy People don't know the to keep a balance between their money. If you want to get rich all you need to do is to buy more assets and keep your liabilities and expenses low. Lesson 3. Mind your own business This means that you should keep your assets and income up while trying to spend the least of your liabilities. Lesson 4. The history of taxes and the power of corporations the rich don't pay taxes or pay little taxes because the rich find a way to minimize their income taxes. Lesson 5. The rich invent money You must find a smart way to earn money Lesson 6. Work to learn don't work for money You should work for the skills that you will get from that work since sometimes you are just one or few skills away from success. Lesson 7. Overcoming Obstacles There are 4 things that you should overcome: Fear Cynicism Laziness Bad Habits
@sanketgiri8205
8 ай бұрын
Newer edition has 2 extra chapters
@Hroffsimeonov
9 ай бұрын
Nice, good job there, extremely valuable summery of that masterpiece of Kiyosaki!
@heathjohnson2575
11 ай бұрын
This is all easier said than done in real life. Most of this stuff people already know but putting it into action costs money to begin with. If you dont have money to start with and arent eligible for a government handout or have any financial backing from others then what?
@rexj6888
11 ай бұрын
Well said. Like the “invent money” example, everyone knows you’ll profit from purchasing a $75000 house at $25000 and resell it. The real question is how do you know this bargain to begin with and how do you beat other competitors who have the same info.
@Rhyane490
9 ай бұрын
I just have one question only; why can't everyone be rich even after coming across information like this .. ?
@Bambledamble
9 ай бұрын
Cause they are governed by the rich who take it from them
@theresnothinghere59
9 ай бұрын
because they have no money, and you cant open a library of comic books without money
@theCaseyJfit
9 ай бұрын
Lack of discipline, if people spend their money on Netflix subscriptions and things they don’t really need, they will never accumulate enough money to buy things that produce more money
@theCaseyJfit
9 ай бұрын
@@rektagon that is true, there is a certain level where you almost cannot climb
@sagethecreator9500
6 ай бұрын
Comprehension actually. Going through the comments, I realized not a lot of people comprehend the information in this video.
@kadiraden3728
7 ай бұрын
Thank you very much it's like reading the for the second time.
@hudsonmatraia1099
8 ай бұрын
The inventing money part creating the 45k was a bit confused to me. Bought a house for 75k, sold for 60k and made 45k?
@Glen_Mali
4 ай бұрын
Yep. I couldn't get that either
@Izual001
2 ай бұрын
I had to listen to it twice. It was a house that would be worth 75k which he bought for 25k, then resold it to 60k.
@LADETROIT
22 күн бұрын
It's amazing how many successful people once worked for Xerox. Had 16 years there. That was too long
@georgiadaly5483
3 ай бұрын
Love your channel! Listened to so many intriguing videos every day for the last 3 weeks. Love the fact that you quote professionals work not try and be an expert, but still include your own stories of success and failures. Please keep them coming. Sooooo much more to learn!!
@7mileKai
Жыл бұрын
Can someone explain in depth how he bought the house for 75k and sold it for 60k? Wouldn’t the title still belong to the bank until it’s paid off? How did he sell it?
@MariaRodriguez-bp1tl
Жыл бұрын
Exactly what I'm wondering
@sarahhumble-ketcher8267
Жыл бұрын
Scroll up in the comments
@amiladrck
10 ай бұрын
He bought a house worth of 75k for 20k. That's how he made a 40k gain. But how did he buy a house worth 75k for 20k in the first place? Something is not adding up here.
@JustinWilson256
9 ай бұрын
@@amiladrckI think this is how "wholesailing" works, but I'm still learning.
@sagethecreator9500
6 ай бұрын
There was an economic crash and prices of real estate got down. They capitalized on the opportunity and bought a house worth 75k for 20k. Pay close attention and watch again for comprehension.
@flowjohnny
10 ай бұрын
Some good things to note here but also conflicting sentiments which can be a tad off putting.
@Celticwolf503
11 ай бұрын
Poor Dad's kids get more respect than Rich Dad's kids.
@andrewwashere82
11 ай бұрын
Example of Lesson 7b: Cynicism Edit: not trying to be a troll, that's just what came to mind, no offense.
@josezuazua7936
10 ай бұрын
Who cares about that respect when you’re financially stable and stress free
@Celticwolf503
10 ай бұрын
Who said Poor Dad's kids couldnt achieve wealth on their own living stressfree? More Beneficial of knowing how to survive With and Without money in the long run my friend.
@TheCrabbers
9 ай бұрын
Well I'm still looking for the 75k house for only 20k. Do they really exist...only in fantasy land!
@BrewerVera
3 ай бұрын
The average stock in my portfolio has been cut in half, and the only way to make money this year has been to either short or to trade long in very short time frames. I'm still at a crossroads deciding if to liquidate my dipping $117k stock portfolio, what’s the best way to take advantage of this market?
@AndersonFair-cy2bb
3 ай бұрын
It’s precisely at times like these that investors need to be on guard against the next certainty. You don’t have to act on every forecast, hence i will suggest you get yourself a financial-advisor.
@VanessaWilliams-pu8vt
3 ай бұрын
I agree, having a financial - advisor for investing is genius! Not long ago amidst the pandemic crash in March 2020, I was really having investing nightmare prior touching base with advisor. In a nutshell, i've accrued over $550k with the help of my advisor from an initial $120k investment thus far.
@Raymondcraw1967RaymondCrawley
3 ай бұрын
Impressive can you share more info?
@VanessaWilliams-pu8vt
3 ай бұрын
*Whitney kay Stacy* maintains an online presence. Just make a simple search for her name online.
@Raymondcraw1967RaymondCrawley
3 ай бұрын
She appears to be well-educated and well-read. I just ran a Google search for her name and came across her website; thank you for sharing.
@yamzyzf
11 ай бұрын
Even when you live below your means, landlords and bill collectors give zero skcuf.
@maltagoya2
Жыл бұрын
Great summary 😊
@devapath8951
16 күн бұрын
hopefully u realized that this is only for those who want or can make a business. The life is not only about the money and if someone decides to do business they invest their time and energy to their project. They are actually becoming the part of their project. And mby not everyone has this wish do make a business. For many of us, there are different values which are more valuable than just 'making bloody business'. (Just little I noticed: How nowadays investing and financial management took over while producing new virtual games. They know the tricks, they know very well how to sell the game for any cost... and they don't rly care about their fanbase... and actually they usually don't even understand the meaning of the game they are selling.. So this is for you the opportunity to become one of these brilliant businessmen out there.)
@SeaofThieves_7
6 ай бұрын
this probably can apply to you back in the 70s when things were affordable lmao. i’m making enough rn but things are dumb expensive to even afford these “assets”. i can say it was 1000x easier for him to do it then if he were to do it in todays market
@GolDRistigian
11 ай бұрын
Life changing. Thank you for posting.
@intellectualwonders
7 ай бұрын
How do you Creat these cartoons animated videos, could you please guide me how can I make it (through which software) according to my script ?
@efonwang
10 ай бұрын
But if everybody followed the rules of this book, then who's still left to work for these people? The idea is making someone else trade their hours for your freedom & wealth. So someone eventually has to take the fall.
@randomnobodovsky3692
10 ай бұрын
" then who's still left to work for these people?" - that's the issue with wonder-ideas like "become a social parasite!". Once a critical mass of parasites is reached, everything collapses.
@markganus1085
4 ай бұрын
this book is one big prisoners' dilemma writ large
@adetayoonasanya1131
10 ай бұрын
I like Robert's anslysis and this video
@shrivak
10 ай бұрын
Question 1: How did the two kids open a "library"? What sort of front-cost did they have to finance that?
@epatch
9 ай бұрын
Book explains how they did it. Author realized an opportunity at his workplace to acquire the comics and created the library from it.
@paulsiansimbi
5 ай бұрын
I'm glad i watched this. So many lessons learnt 😌
@Tonyrona
Ай бұрын
Great summary and video, thanks!
@L.A.---
10 ай бұрын
Thank you for this video.
@couragetamakloe4621
11 ай бұрын
Thank you for creating a summary of the lessons taught in this book. I've gained significant knowledge and a change of mindset from this summary.
@AliBarisa
11 ай бұрын
I have started to employ the teachings of Rich Dad Poor Dad. I always ask myself if whatever I am buying is an asset or a liability. I prioritize assets over liabilities. Inthe process, I invested in some startups got some money then lost it again. However, I have seen that there is more money in an investment than whatever you earn from a salary. Obviously, I would invest again. I have also managed to sucure an asset that soon is going to save me about a third of my salary. So, maybe, I should count myself a rich dad now. However, I am nowhere near any riches right now. It's a process to get there but the beautiful thing is to start the process early enough and to have a clear idea of what to do to reach where you intend to. I'm loving the process. Thank God.
@macheifach
9 ай бұрын
Can you elaborate more? What exactly did you invest in at which price and which date? What is this asset, you're talking about? My problem with all the self help in finance bs is, that it NEVER gets tangible, always stays vague and within concepts and mind sets, builds motivation and hype for the reader/listener but when it comes to actually acting in the real world (what execrably are the next small steps within the next 48 hours? What is the milestone for the next two weeks and the EXACT steps towards that milestone? What are the milestones for the next few months etc.) it NEVER goes into any detail at all, it NEVER gets tangible, always stays somewhere in a meta-realm, that has no real life application, that can be acted upon right now. I have yet to find a book, that actually made someone money.
@ashkenaze
10 ай бұрын
I have it all to become rich.,I just don't want to, that's my only problem. I even once setup a pretty successfull company and becone a millionare in my mid-30, then I just got enough and halted, because I never wanted to becone rich. Many things in rich people don't fit in my personality or morals, as long as I can get everything I want, it'll be enough for me.
@mulletsquirrel
11 ай бұрын
I've been recommended to read this book by so many poor people
@jhoncena1111
8 ай бұрын
Lmao. Not sure if that was intended to be funny
@mulletsquirrel
8 ай бұрын
@@jhoncena1111 Mostly just ironic haha
@OduolaFarouqAdedayo-ku8rc
Жыл бұрын
How I wish I could do more than like your videos. It's so on point and I'm glad I stumbled upon your channel. Thanks for what you do bro😊
@johnnywriight
10 ай бұрын
Buy a super thsnks
@rorydixon2832
10 ай бұрын
I take time to get financial information and learn about money every week (about1 - 2 hours). This was very interesting, and worth watching. Im 45, and only since I got divorced 5 years ago have I been fascinated in learning and soaking this information up like a sponge. Great vid, keep up the good work!
@Gizmodi
10 ай бұрын
I'm in the same boat. What have you learned?
@vincemilanes4827
Жыл бұрын
I don't pay taxes! -Robert Kiyosaki
@yikwonjang2978
Жыл бұрын
Well, let China rule the world. We won't have anything to support our troops! Come on. Paying taxes mean protecting our country. People are just greedy and maybe selfish
@giovannifoulmouth7205
Ай бұрын
So the only useful thing I can learn from this book is that Robert Kiyosaki is a scammer.
@mumtazalam3485
12 күн бұрын
Financial growth is just attained by the riches No poor have even reached their lower limits
@aylentitotto165
6 ай бұрын
great summary! thank you!!!
@geekworthy7938
7 ай бұрын
So, just own companies and don't work for anybody...just a bunch of BS.
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