The best books for escaping your 9-5, by Robert Kiyosaki: bit.ly/31lGZNF
@adeebkhan2878
4 жыл бұрын
Can we use debt to invest in stocks as it is an asset
@InvestMindset
4 жыл бұрын
@@adeebkhan2878 Using debt to invest in asset is the most foolish thing to do. Debt is a magnifier, it magnifies the result. If you make profit, you make huge, you make losses, you go bankrupt.
@Will-be-free
4 жыл бұрын
@@adeebkhan2878 If you have to ask, then no, you should not do it. Otherwise it may be a good idea.
@KITYTV19
3 жыл бұрын
@@adeebkhan2878 never
@heinrizliyaputra7811
3 жыл бұрын
@@InvestMindset Using debt to buy asset is Robert's way
@afr0flava
5 жыл бұрын
Let me add to that. Although I haven't read this book, I read Rich Dad, Poor Dad early last year and guess what - I was so inspired, I took action and started a small online business. It went well but I got too excited and invested in a second product. This time around, I got a business loan - grave mistake as the product didn't turn out as expected and I got into debt (good debt turned bad debt). Moral of the story - yes, start a business, but ensure you have CASHFLOW to sustain it, as well as actually LEARNING a lot about the business and doing the due diligence required to run a successful business. That's my 2 cents, hope it helps someone out there. :)
@TheSwedishInvestor
5 жыл бұрын
This is really helpful afr0flava! Thank you for sharing 😊 Debt spent recklessly (not necessarily saying this was you) is always bad debt, no matter if it's poured into a company or into a luxury car.
@In-The-Truth-Man
4 жыл бұрын
Please tell me more. What was your first product? What was the second product that you invested in? Are you still in business?
@bossman7144
4 жыл бұрын
At least you tried
@1hundred475
4 жыл бұрын
Remember what rich dad said about building an empire state building without the foundation! Dont give up, just work on the foundation
@FinanceGuru
4 жыл бұрын
kzitem.info/news/bejne/uK6P2ad6fntyZ5w
@gauravdc
4 жыл бұрын
Thank you,I love your videos
@damien6151
6 ай бұрын
Great video 💎💎💎💯
@rangerarmonika
4 жыл бұрын
I'll need a help. As a musician, what are the assets? As an architect, are there any assets? If there are, what are they?
@shivasivadass6437
4 жыл бұрын
Well the music and your skills are your intangible asset, the value of your music. In addition, if you produce music, that is an asset because your music is sold to earn income. As mentioned, assets are anything that helps to put money in your pockets than taking it out. As an architect, your asses would be your skills and the tools that you use to build your building etc
@pawewawrzyniak2271
4 жыл бұрын
In all 3 books you will find basically the same content spread across 200 pages that could have been written down in 10 pages. To sum all 3 books up: buy assessts, don' work for others, being jobless makes you more creative.
@weenerdawg3972
3 жыл бұрын
What are assets? What type of Assets?
@simrankaur32
3 жыл бұрын
not exactly
@appenknol1236
3 жыл бұрын
What is a liability than you really sound stupid
@Tlhakxza
2 жыл бұрын
If that’s your approach to reading KIYOSAKI’s books then you’ve missed a whole lot of Education...he’s repeating those things to knock’em hard into the readers’ heads.
@BenGenio
Жыл бұрын
Since people are so trapped in the Rat Race, their minds need to be reprogrammed. He does that by telling stories and actually force their readers to spend time reading and thinking. Hard to achieve that by just ignorantly summarize the book in one sentence.
@cankatorum4093
4 жыл бұрын
Imagine flexing on a child.
@TheSwedishInvestor
4 жыл бұрын
😂
@HarukiYamamoto
4 жыл бұрын
😂 😂
@bhaumikchaturvedee1574
4 жыл бұрын
LMFAOOOOOOOOO
@FinanceGuru
4 жыл бұрын
kzitem.info/news/bejne/uK6P2ad6fntyZ5w
@mediaconnectsocialmediamar5421
3 жыл бұрын
😝😂😭
@javierjp8549
4 жыл бұрын
Kiyosaki made most of his miney through books...
@MindestensDreiZeichen.
3 жыл бұрын
and his rich dad never existed
@angelfelixgallardomiguel
3 жыл бұрын
True
@mikeybroski3686
3 жыл бұрын
Kinda of the reason I’m just watching these videos: don’t feel like listening to all the fluff and giving him money. Some of the advice feels pretty spot on anyway, even if the author is kind of a con.
@javierjp8549
3 жыл бұрын
@@mikeybroski3686 i just downloaded all of them by pdf for free (pdf drive = website)
@mikeybroski3686
3 жыл бұрын
@@javierjp8549 lmao, based. Just get the useful info and out con the conman.
@Real.Estate.Report
4 жыл бұрын
My upbringing is surprisingly similar to the story in this book. I ended up stuck in the rat race starting at age 19 and still there at age 34. But really hustling to live off my rentals and KZitem in the next 2 years. Wish me luck!
@recycle_your_money
2 жыл бұрын
It’s been 2yrs. How is it going so far? I see you have 29k subscribers on youtube. Well done.
@w0mblemania
3 жыл бұрын
Sigh. Not this again. "Rich Dad" never existed. Kiyosaki made up the character as a gimmick to sell books. Go read the wiki page. Kiyosaki is a serial bankrupt and a huckster. Kiyosaki didn't make his money not from sound investment practices, but by selling Get Rich Quick books to unsophisticated people. His books reek of snake-oil and corruption. It's beyond belief that it's 2021, and people STILL have to explain that Kiyosaki is a huckster. Really, you need to do more research.
@mardini
4 жыл бұрын
i've heard of his books but never actually read it. but in a quick summary, a business does not succeed in by maximizing expenses. a lot of things a business buys like inventory, or asset investments are not considered expenses, and reinvesting company's revenue into the company is also NOT minimizing income, u reinvest the company with retained earnings. He literally have to give new meanings to these words in order to make himself sound smart. its like saying in order to lose weight u have to get FAT, by fat i mean really good BMI and lots of muscle mass u know the standard fat. also a typical "poor" person does NOT maximize income and minimize expense! his statements literally says every single employee who does zero personal investments are considered poor, which means if a US president does not do any investments he/she is considered poor. his continuous labeling do this and ur rich or do this and ur poor is just a cash grab feeding off ppl's poor judgement to buy his book.
@dolevmazker736
2 жыл бұрын
You are right man. Robert kiyosaki is a dark man. Yes his books do inspire people, but when you attain financial learning you understand that he talks rubbish and his story isnt even checked out with facts. Who is the rich dad? Where is the proof he was in the army? And so and so...
@hameernagda2921
2 жыл бұрын
@@dolevmazker736 True. His major focus on real estate business cannot be worked out from developing and underdeveloped countries where the cost of borrowing is higher than the rate of inflation. US has it the other way round and so do the developed countries but it is not possible in the other countries. His focus is always on business, but what about people who are earning a good salary, lying in that top 5% income of the country, I mean they are doing well in life. Why put that down is something I don't get it. Also for families where the kid has seen the business not doing well (which a case with most businesses, the fact that barely 5% businesses really boom) why would he not get that mindset of job security and stabilising his family income. I would agree with such a person's thoughts for he has seen those hardships. Of course the good part of it was focusing on spending on necessities and investing rather than splurging on unnecessary luxuries, avoiding debt traps mainly those that create liabilities rather than assets. Those are some good points. It is should always be this ratio - Income (-) Savings (-) Necessary Expenses = Additional savings (+) Luxuries (meaning receive it, save first, spend on the basic needs then if you have some left over save more and then maybe you can have that 1 cheat purchase a month) These are my 2 cents
@dolevmazker736
2 жыл бұрын
@@hameernagda2921 Damn bro, speaking facts. You are so right on the side of business and the 9-5 jobs. The thing that people dont talk about is that most people just want to make enough money to live a respectable life. It is great to aim high but being a multimillionare is just a figure. Once you realize that having enough money to be comfortable to do what you like without having to worry about tomorow is what im aiming for. And I dont mean retiring before im 60, its a nice thought but perfectly fine working 90 hours a month making great income while still having the time to learn what I love. Kiyosakis whole idea is to the extreme, and I dont see it that way. Its nice to meet someone who shares my views. Good luck to you
@hameernagda2921
2 жыл бұрын
@@dolevmazker736 Yeah it's true. I appreciate your thoughts. At the end of the day for a good life happiness and a good family is the most important. Once you have that amount of wealth which helps your life to be comfortable it will all come down to those 2 important facts. There is no point working on that business which is taking so long to set up that your family suffers both monetarily and non monetarily. Coz at the end of the day if the people you are working for are not happy, nothing will matter. No amount of wealth can give that satisfaction that your own folks happiness will and that you can be there for them and they will be there for you. Yes you should do smart investments and build passive income streams to ensure stable income flow because they are necessary. But toiling hard and ending up losing those significant years of life will surely make me regret on the deathbed when there's no one around. Why die in a mansion with no one when you can live in a good house with everyone.
@InvestMindset
4 жыл бұрын
Using debt to invest in asset is the most foolish thing to do. Debt is a magnifier, it magnifies the result. If you make profit, you make huge, you make losses, you go bankrupt.
@coloneljp
2 жыл бұрын
Ok but it works for me though he is right.There’s one time i buy some old house for $80,000 but i only got $40k so i borrow some money to the bank and got the house for $73,000 and i renovate it and i let it sit for 1 and a half year then pandemic hits the house that i bought goes up to $150,000 lol and i sell it directly then pay the bank for $40,000 and i got my profit $110,000 that’s how you use your debt to be a good debt
@NickPeitsch
5 жыл бұрын
Loved the book Rich Dad Poor Dad. So many useful tips and a total mindset shifter
@doctorkokus
3 жыл бұрын
I really like Roberts take on debt, but i am also quite keen on the Buffet-stance that you don't need debt to make huge amounts of money. I would also reffer to your Peter Lynch video and the idea that if you use leverage and the market goes down you would be eridicated so you wouldn't reap the benefits of the rebound. Nice video though
@adityakale5302
2 жыл бұрын
Using debt to get into markets is a bad idea, but using it to buy a 2nd home for rental isn't bad
@seankim2743
2 жыл бұрын
While Kiyosaki is... vocal, he has no track record to show his success in owning and running business as much. He may speak some truth in wealth building, he's not a businessman to speak of. He is a self-help book author. Just like any other self-help speakers who make their money doing these things.
@tooday6156
5 жыл бұрын
I just found your channel... Fantastic idea! Absolutely loved watching the video!
@JosephDiazRamirez
4 жыл бұрын
Read this book and it’s amazing to see the concepts I learned and visualized in my head and wrote notes on not only turned into a well produced video but a different interpretation of the book
@Hunnybun0012
4 жыл бұрын
I was recommended this book years ago but never get my way around to actually sit down and read it. Then I noticed that 10 out of 10 finance professions have this in their recommendations. Now, im curious. Just ordered it today. I guess something is good out of the pandemic.
@chhuanteachhakchhuak7770
3 жыл бұрын
Is it good?
@momchilandonov
2 жыл бұрын
Don't trust the hype and misleading overrating. The Intelligent Investor is the best book on investing - way better than RDPD.
@momchilandonov
2 жыл бұрын
@You Too stocks and bonds - like 1/3 of the book is dedicated to bonds which is a shame, as an intelligent investor doesn't need to invest in bonds at all. The book has nice overall hints/tips for investing, but yeah RDPD covers some other aspects.
@gamingshortschannel1109
5 жыл бұрын
Increasing expenses is needed as long as the cashflow (passive income) is more than the debt
@benjapolcycling
4 жыл бұрын
It was a great summary but as I listen to audio book many times I am thinking of his 5 level of investor idea that not in here. I think it will be more complete to include 5 level of investor as well. Also another key point for me is "investing is a plan, a personal plan"
@PonchoRebel
2 жыл бұрын
These videos are incredibly valuable in spreading the word about changing the money mindset. Especially in such a fast-paced world, where most people don't prioritize reading books. Thank you for taking the time to make them~
@stevolukic
5 жыл бұрын
Hey man, great work as always. You could expand your audience if you read and summarized some books on cryptocurrencies and/or foreign exchange (forex). There are always more areas to explore. Cheers.
@TheSwedishInvestor
5 жыл бұрын
I appreciate it stevolukic! Do you have any suggestions for crypto/forex? Have you read books on it yourself?
@stevolukic
5 жыл бұрын
@@TheSwedishInvestor Not really because I'm not yet well informed on crypto, maybe you could try with "for dummies" series. I've still yet to read Jim Brown's Forex Trading: The basics explained in simple terms. I'm still on the learning path like yourself.
@round12tko
5 жыл бұрын
low income high expenses leads to bankruptcy
@aliballo1676
4 жыл бұрын
From now at 4am in China Every morning I’ll learn and understand a video of “Takeaway “ I’ve already watched more than 10😁 that’s the first video that I watched on this channel . Thank you and God bless you 🎯🏃🏾♂️
@TheSwedishInvestor
4 жыл бұрын
ALI BALLO I'm glad that you find the videos useful! Cheers!
@faezmohtar947
5 жыл бұрын
Great vids as ever. But personally I like the practicality from Robert Kiyosaki. Thanks a lot
@TheSwedishInvestor
5 жыл бұрын
🙌
@Brian-vk1hm
5 жыл бұрын
So basically it’s the exactly the same as his first book.
@stevethea5250
4 жыл бұрын
WHATS THE BOOK ABOUT?
@jean-pierresaint-aime2264
4 жыл бұрын
Not quite ! The first book « rich dad, poor dad » was way more eye-opening to the vast majority of us, and introduced more powerful concepts.
@goransvraka3171
3 жыл бұрын
@@jean-pierresaint-aime2264 yes but again a guide is usualy more specific i.e A do this, B do that. this is again about chanign your minset. Mine is already changed i just finished his first book. I WANT SPECIFIC INFORMATION
@tailand2753
4 жыл бұрын
Thank you for the video and the summary, it's very clear and helpful. Thanks Robert too!
@viveksinghsays
4 жыл бұрын
Which software you use for this presentation, is it free or paid Please tell i want to start my own channel
@kingmugabe7073
4 жыл бұрын
Haha
@kevinbe.n
2 жыл бұрын
Wow it really helped me a lot and now engaged into real estate
@Kerath
4 жыл бұрын
Worth to note is also the fact, that this book only "works" if you apply it to the America Economy and IRS Tax System. If you live in the UK, everything that is Tax Free in America is pretty heavily taxed in England. That's why all the people who wanted money and freedom moved to America long ago. Those who stayed had "servant mentality" and it shows. Being a Landlord in the US is completely Tax-Free. Being a Landlord in the UK is taxed as heavily as everything else.
@zaintirmizi4502
4 жыл бұрын
6.:08 he actually worked stocking shelves at his rich dads convenience markets
@michaelhofby
5 жыл бұрын
The most crazy thing is that if you look around in your circle of family and friends, most people are obviously Getting into bad debt constantly and They do not have any idea about assets/liabilities ... “look my bank allowed me to buy a House!” ... They are just programmed to Think like that somehow
@joelteklu5565
3 жыл бұрын
Ikr!!!
@coloneljp
2 жыл бұрын
True asf hahahahaha
@davionmitchell7506
5 жыл бұрын
Beautifully done
@TheSwedishInvestor
5 жыл бұрын
🙌
@theoc543
5 жыл бұрын
God kväll Swedish Investor! A good book I've read and been following for some time with my own investments is Rule #1 by Phil Town. Looking at your content it connects a lot with Ben Graham and I think it would be a good video if you would do it. mvh, Theo C
@investingtv3262
5 жыл бұрын
I'm now 13 and retired a Billionaire! THANKS ROBERT!!!
@jmx318
5 жыл бұрын
Investing TV yea no your not 😂
@investingtv3262
5 жыл бұрын
@@jmx318 ok then :(
@Elicurren
4 жыл бұрын
Lmao!
@DadavsDady
4 жыл бұрын
How?
@000harris1
6 ай бұрын
He learns how to reincarnate into a rich family to inherit the wealth, study Bardo Thodol for your next life 😊
@thebusinessboi1922
Жыл бұрын
Rich dad subscribes to the business boi. Poor dad ignores this comment
@oligarchytheatre777
4 жыл бұрын
I JUST WANTED YOU TO KNOW, THAT THE WAY YOU PUT YOUR VIDEOS HELPED ME GET BACK REORIENTED TO THE THINKING i WAS TAUGHT LONG AGO... I'M READY TO TURN THE SWITCH, ALL THE LIGHTS HAVE TURNED ON, I'M 51 NOW AND LIFE OF TRUTH BUILDING BROUGHT ME BACK TO WHERE I AM IN MY BUSINESS CHANGE!!! THANKS!!! (YOUR VIDEO WAS THE BREAK IN THE LINK OF THE CHAIN OF MY THINKING THAT HELPED BRING ME BACK TO MY FOCUS IN THIS AREA! ;-D ) I as a mature man actually had a little cry...
@richardb7726
5 жыл бұрын
How to become rich? Sound like you have the answer to people’s problems, whilst never being specific and then watch them to sign up to expensive books and courses where they believe full answers will be revealed, but never are...
@ryanagar7498
5 жыл бұрын
This channel is part of the pareto distribution, allows me to absorb concepts in such a little time. THANK YOU!
@TheSwedishInvestor
5 жыл бұрын
Awesome to hear Ryan Agar, then I've fulfilled my intentions 😁
@ryanagar7498
5 жыл бұрын
@@TheSwedishInvestor it's an interesting time, with information being able to be simplified and so easy to consume 👍
@ratnakarmadan5465
5 жыл бұрын
Great videos! I have seen videos on different topics but similar look and feel. I really like these. Which editor/software/platform do you use to make these videos?
@TheSwedishInvestor
5 жыл бұрын
Hey Ratnakar Madan, glad you like them 👍 The software used is called VideoScribe!
@anthonypanteleimon9351
4 жыл бұрын
If you start a business and never take a paycheck and invest all extra cash in new assets, when do you actually make money for your personal pocket? How do you survive???
@unidentified6365
5 жыл бұрын
Your videos have great value for time.. good work.. and thank you..
@TheSwedishInvestor
5 жыл бұрын
🌟
@panchasanguparakalarajan8948
3 жыл бұрын
Very interesting and nicely explained. Thank you sir for sharing.
@lenny108
4 жыл бұрын
Nice advice for the upper-middle class which is about to get crushed, see, "The middle-class is disappearing". Robert's poor dad provided a home in Hawaii and surely passed on some solid seed capital to Robert. So these teachings are mainly for the upper-middle class to stop maintaining or buying fake assets but focus on real assets, passive income. The penniless working class cannot possibly succeed with Robert's idea of using debt to buy real estate. There has to be substantial seed capital. Formerly in the US, the saying was, "From Dishwasher to Millionaire". But this is no more, rather vice versa, rich people becoming homeless. Of course there is the law of karma, poor refugees coming with a plastic bag of utensils to a new country and after ten years, they are millionaires. Since not all people can become entrepreneurs, imagine a city, no workers, only entrepreneurs, there is another option of refusing to take part in the rat race, choosing a spiritual path, living like a monk and only focusing on spiritual development.
@kasbas5922
5 жыл бұрын
Robert Kiyosaki’s advice is just horrible, read his books and if you wish to go bankrupt eventually in your life, follow his advices. The whole 2008 financial crisis happened because there were people like Robert advocated the idea that it’s ok to have debt as long as it’s a “good debt” !! What a shitty advice to give and the man himself is a fraud. He made most of his money selling his books not from his shrewd investments or business ideas, that says a lot about him
@clintonnickens1004
5 жыл бұрын
I followed his advice and have 3 runing businesses and 1 apartment complex. But hey,you may have a better formula!! No wonder you are wealthy.
@kasbas5922
5 жыл бұрын
CLINTON NICKENS CLINTON NICKENS Good luck to u, but I’d rather listen to ‘Real’ millionaires people who spend 40-50 years as investors and not a single one adviced to go in debt in fact all of them agree that the # 1 reason ex wealthy people go bankrupt is Debt. A billionaire like Mark Cuban someone who ‘really’ self made too says only morons go into debt to make money and they’ll lose it eventually !! I’d rather listen to someone like him than a scammer like Kyosaki
@vlakenkherl7361
5 жыл бұрын
Totally agree with you Kas. All these people who say after following this Robert's advice they are rich are not being totally honest. The average person who earns a 5 figure salary will go bankrupt! As for those who are on a 6 figure salary..... well they can afford to fuck up the economy into another recession!
@matt9060
5 жыл бұрын
Err, you're a tad wrong about the financial crisis. Subprime borrowers had easy access to money they had no business spending/using. But banks kept shoveling it out which eventually caused a massive bubble and popped. Good debt is good if you're cash flow positive and you purchase assets that increase your cash flow. If you over leverage yourself, even for positive cash flow I would argue that this is bad debt too as it heavily increases your risk.
@kasbas5922
5 жыл бұрын
Matt A I’ve learned all that long time ago but working as a mortgage advisor at the bank myself I’ve seen far too many people who spent 20-30 years (some are much more) of their life building up wealth that way just to lose it all in 1 year (specifically after 2008 crisis). So theory is one thing but real life experience is another thing, and by the way many of these guys that I’ve personally dealt with who went bankrupt are professionals who studied and worked in the real estate business many years and were taking all the safe margins to stay positively cash flowing yet they got screwed. Bottom line is, people are free to take any path in their life but many smart people (I’ve mentioned life long millionaires) who all agreed that debt (doesn’t matter bad, good or whatever BS) will eventually screw you up at some point in your life.
@jessicasquire
Ай бұрын
Engaging with books has significantly elevated my perspective on investing. True wealth isn't built through mere savings; financial freedom stems from strategic investments. I've learned that accumulating wealth hinges on making prudent investment decisions||
@prosinx999
Жыл бұрын
Hey Swedish investor, I really appreciate many of the content that you posed. But this book, is just garbage. Like munger said about crypto: raisins and turd adds up to turd. It's really doing disservice to the likes of buffett/boyle/lynch and other value investors by adding this book by Robert k. Sorry if I sounds crude, but if u know, u know. Robert is just praying on peoples misconceptions by launching a self acclaimed quick rich book that is misleading.
@vanangelopaz1412
3 жыл бұрын
Very insightful my good Sir ! Will definitely read into the book !
@PatrickJaszewski
5 жыл бұрын
Thank you - this was a new one for me an I'll look forward to reading the whole book. Thanks for the summary!
@TheSwedishInvestor
5 жыл бұрын
Cheers bro! 🙌
@FinanceGuru
4 жыл бұрын
kzitem.info/news/bejne/uK6P2ad6fntyZ5w
@benyamin.bpr2000
5 жыл бұрын
Buy house and rent. Thats it. Thank me later
@CHICANOGANGSTER13
5 жыл бұрын
Buy a house to have someone rent you mean?
@odohsimeon9389
4 жыл бұрын
Is dat d only Investment u know
@laxistgaming3030
5 жыл бұрын
Having cash flow into your pocket for the rest of your life or working for that cash the rest of your life. I would rather have the cash flowing in 😅
@TheSwedishInvestor
5 жыл бұрын
Agreed! 😁
@videohut4445
2 жыл бұрын
Excellent video. Valuable information most people don't know about.
@aleksanderczajka6072
2 жыл бұрын
I refuse to call investment expenses
@iPondR
3 жыл бұрын
I've always been a bit cynical about these kind of books but there's a few good ideas here... the main one is how to think like a business person and not an employee... not bad I guess
@multifxinc2561
3 жыл бұрын
go invest with the company that he always talk about you will make more profits
@lezzzzgooooooooo1778
2 жыл бұрын
actually this point is very common.. a lot of ppl say this
@Lucky.Man.Altimori
2 жыл бұрын
El problema con esto en Argentina es que la tasa nominal anual y parcial x cada préstamo ( de parte de los bancos y demás entidades crediticia ) es exorbitante y para nada entusiasmadora.... !
@mohamedismailadamsa837
5 жыл бұрын
Hello there can you tell what equipment model and software you are using to make videos
@vasuchauhan7669
3 ай бұрын
i dont get the education part though😮....since robert was against schools where else do i learn business? can somone reply ?
@michaelhofby
5 жыл бұрын
Only thing I Dont feel like i have a good grasp on is What Capital to use in the start.. Im thinking starting a business part time is the first Best move and When that is off the Ground, you take the Capital from/in that business and start Getting more cashflowing Assets? Is it good to use the equity in the first rental property to help finance the next one? Problem with doing that, is that it does bring much more risk because IF the housing market crashes while you have borrowed in the equity, the creditor might force you to pay up right away, because of the fact that you now Owe more than the first House is “worth” in the market .. anyone can give some insight?
@TheSwedishInvestor
5 жыл бұрын
As long as you have a decent cash flow to pay those interest and principal payments, I think most financial institutions will leave you alone even if your end up in an "upside-down" loan situation (loan > equity). I would use equity from the first rental property, but I would make sure that I have a nice margin of safety when I compare my cash flow and my interest payments.
@michaelhofby
5 жыл бұрын
The Swedish Investor yeah for sure . So the first Deal has to be a really good one
@michaelhofby
5 жыл бұрын
The Swedish Investor Im creating a portal online for people to find rental homes and making it free for landlords to put up their rentals . For the people that are looking for rentals it Will cost a monthly subscription to be able to actually contact the landlords but anyone can browse for free.. There is a huge demand for rental housing here in this country and most of the platforms are not Great and often have scammy listings so people Dont have much trust to those portals - i Will brand mine differently. But i am in need of Capital to invest into marketing in the startup phase
@Yash-jk9qi
3 жыл бұрын
Love from India
@coomassieblue5035
2 жыл бұрын
This book is horrible..... Kyosaki smells like a conartist who learned buy another one, as a child.
@vidanity
5 жыл бұрын
I am living a Millionaire Lifestyle!!!! Thank you for everything I need I already have. #blessed
@GavinvanRooyen
5 жыл бұрын
So great we both share a passion for this 💰
@aero_singh
3 жыл бұрын
Hey buddy! your content is amazing but you must discuss about B-I triangle strategy as well..
@multifxinc2561
3 жыл бұрын
go invest with the company that he always talk about you will make more profits
@HanifMuammarRifqi
4 жыл бұрын
Inspiring...
@teeep888
5 жыл бұрын
i come at 200 views thank you .
@manatee419
4 жыл бұрын
Warren buffet said in annual newsletter that debt will destroy a company. If you have more debt then cashflow you will fail.
@TheSwedishInvestor
4 жыл бұрын
Agreed, Buffett has been careful with debt and that has been a successful approach for him during the last 60 years or so. My opinion doesn't always reflect that of the author of the books to be honest 😊
@GauravKumar5410
5 жыл бұрын
Love you man... Love from India.
@capitalistmasters
4 жыл бұрын
This is my favorite Rich Dad book
@haronxodus
4 жыл бұрын
Thank you for your brilliant content! #healtandwealth
@GoncaloGuitarist
4 жыл бұрын
Very good instructional videos. Keep up the good work! 👊
@dannythered23
4 жыл бұрын
Ummm I know I should know this, but I'm unsure because it seems to be spoken generally. But what's an 'asset' that's mentioned in point #1 ? Is that like a house?
@darcienotyourgirlfriend500
4 жыл бұрын
an asset is a property owned by any individual that is to make money for him and not take money from him. think of it as money that makes money but in other forms. that's why everyone now HODLs bitcoin..
@luxurybuzz3681
4 жыл бұрын
Asset makes you money. Liabilities take money away
Great summary! This book shifted my mind as much as Rich Dad Poor Dad did. Thank you!
@TheSwedishInvestor
5 жыл бұрын
Heey Daniel Mina, long time! I'm glad you liked it, cheers bro! 👍
@goransvraka3171
3 жыл бұрын
I liked the video but again its not very specific...more of a repeat of the first book. i wan tto know how do u spot an opportunity, or look for one...example of ones? Great i know that i have to! example of some formulas to try or how to create the formulas! How exactly do you create assets? I want a specific guide... 1. Go here 2. do this ,etc....
@gvk87
4 жыл бұрын
Thanks for the summary. Dont think i like the book. I feel like 80%of what he describes is stuf you'd know if you think logicaly. And on the not spending and reinvesting everything you earn; You shouldnt forget to live, have fun, experience things (so spend some of your money) you only live once. You wanna be a 67 year old miljonair who never went on a holliday?
@dewayneabner260
3 жыл бұрын
But what if i could invest in forex then to real estate and buy other assets and create one which is a business?🤔🤔 so buying assets wouldn't be a good idea?? I'm confused w how it was explained in the video. I'm in chapter 6 of Rich dad poor dad Rn.
@Dr.Blockchain
4 жыл бұрын
I have low income: check I have high expenses: check I have high debt: check The debt is good debt (because the debt collectors are giving me more time): check I don't pay much taxes (because I don't have much income or property): check So I am getting rich. Right?
@sirsweet3022
3 жыл бұрын
Listening to these audio books is a bit frustrating, you hear the same ideas and explanations over and over again. Like not buying bad assets for a tax kick back.
@salmannader1762
4 жыл бұрын
Great video (I know I am late)
@YanajRettun
3 жыл бұрын
I need example of the debt he wants us to purchase that helps us make money. I thought buying a house was good, now I need a company to buy a house?
@minhan2990
3 жыл бұрын
at 5:54 , I think it should be "Maximize Income and Minimize Expenses" instead of "Maximize Expense and Minimize Income".
@Hildah25
2 ай бұрын
Wow learnt something thank you
@georjaum12
4 жыл бұрын
as a middle class climbing up the ladder, I see that goal buying a aircraft carrier can solve all my problems, why would I use a car? I could launch it in international waters, but no need for a home.
@hamidja1537
Жыл бұрын
Thanks for sharing
@jackfordmac
5 жыл бұрын
Some people say the rich dad never existed
@mateuszgab9517
4 жыл бұрын
The Rich that was Dexter Yager who died year ago
@kredsentertainment9554
4 жыл бұрын
He didn’t exist. But Roberts methods have helped
@Tlhakxza
2 жыл бұрын
Even if he didn’t exist, follow the storyline,have a look at the differences between his biological POOR DAD and his philosophy on money versus his RICH DAD’s philosophy on money. They could be figments of his imagination for all I care but the message is clear...LEARN TO MAKE MONEY,LEARN ABOUT THE DIFFERENCES BETWEEN CASH GENERATING ASSETS VERSUS MONEY EATING LIABILITIES...even though he repeats those two differing concepts a million times,which is annoying at times,I still find the 3 books HIGHLY EDUCATIONAL. Guide To Investing teaches you how to invest,what type of investor you can/have to be,and at the least how to go about with it. As much as I’m not an expert at the subject of investing but I find many of his nuggets very useful,some may be far fetched of course but as an individual with reasonable intelligence and understanding there’s certain things I just don’t believe and I ignore but 80-90% of what he covers is mind sharpening. For instance the concept of the 3 E’s,Education,Experience,Excess Cash if you read and listen closely, ROBERT emphasizes the importance of understanding how to read COMPANY REPORTS/BALANCE SHEETS/PROSPECTUSES/CASH FLOW & INCOME STATEMENTS that is,being able to see beyond the numbers and seeing shit that’s not obvious to the eye, and he does that with relative ease in a manner that makes easy to understand. He does emphasize that it is not easy and requires practice,effort and time invested into it. Read the three books bro,use your own imagination,research,research and do more research and you’ll see just how helpful these 3 books are...again I say,you don’t necessarily have to agree with everything but 90% is very important in my own deduction. Another book you can look into,that’s mainly in line with GUIDE TO INVESTING is THE MILLIONAIRE NEXT DOOR, again it is an eye opener of a book,you don’t necessarily have to agree with everything it says,just use your own thinking,try to correlate with what Robert teaches and you’ll see just how much sense there is between the two. Understanding Human Behavior/Money Psychology is key as well,both these books will enhance your outlook on life and the world of finance. I hope you read it have read them and wish you nothing but Financial Independence Brother ✌🏿😉
@chetanrajgarhia3247
4 жыл бұрын
Hello Sir. Great video. Plz if such type of videos could be made and be helpful for me. If such videos could be made so that I could be informed.
@Kraken89911
5 жыл бұрын
I would not agree on maximising expenses... its a BS, you always want to optimise - pick what is optimal given circumstances, otherwise you are doing it wrong.
@vindieseloncrack3054
4 жыл бұрын
7:43 So, it is not expenses. It is investing!
@kelvinreyes64
3 жыл бұрын
Ok grateful for all of the knowledge Robert K. has taught me but he just repeats himself after the cash flow quadrant.
@sylvainduret9880
5 жыл бұрын
Already read 😉
@kviswa8177
4 жыл бұрын
warren buffett quote (2.04) not work in Andhra Pradesh in india 😉
@americantickling
3 жыл бұрын
Can someone help me understand the part mentioned about how you can buy assets with your gross income and only pay taxes on the remaining net income? I was under the impression that only business expenses can be wrote off as deductable when doing taxes for your business? So how can you invest in a separate asset from your business using the gross income of your business and have that be wrote off as tax deductable?
@dhabu9017
2 жыл бұрын
The exact answer depends on the country you're talking about (and I do not live in the US), but the general idea is that the assets would be bought by a corporation, which you control, and then counted against the net earnings of that corporation, reducing its taxable income. The asset would be owned by the corporation, not you directly (which is a fundamental tenet of Kiyosaki's model), but be subject to your control as the majority owner of that corporation. That said, the tax laws of most countries are not as favourable towards corporations as those of the US, so your mileage (or kilometrage) may vary.
@tancho1780
4 жыл бұрын
1st at no.3 i was shocked cause i read this book and he never said that as far i know but then he explained and i get it. thanks
@adrianred4929
4 жыл бұрын
Lmao “holy shit how!?”
@kemal6039
2 жыл бұрын
If you have a money making machine. Use the money that machine made to buy more money making machines.
@kemal6039
2 жыл бұрын
Who asked? Piss off spammer
@mitcheluwali6987
5 жыл бұрын
Who stole his identity. Or who rule over his knowledge. Lift off from them all.
@tomkwai
Жыл бұрын
Excellent presentation!
@quentind2520
5 жыл бұрын
this book lack something no? You need to have a goal, another ambition than making money only for money, no? It's just my point of view
@stevethea5250
4 жыл бұрын
WHAT IS IT A BOUT ?
@Tlhakxza
2 жыл бұрын
That’s one thing he stresses from the get go... when investing HAVE A PLAN...he asks,before investing WHAT IS YOUR PLAN,have reasons and purpose to why you want to invest. Read the book,it certainly will enlighten you.
@jmoney6652
5 жыл бұрын
Robert wasn’t paid to mow the lawn, he and his friend were paid to clean cans in rich dads shop.
@Pompomatic
3 жыл бұрын
True advice, but, if everyone did what this book suggests then there wouldn't exist a functioning economy. You can't have a group with only leaders.
@siemniak
2 жыл бұрын
And there won't be. Just because somebody read a book from a con artist that Robert is doesn't mean shit. It will actually only create more debt and prisoners of financial system that will have to do overhours to pay
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