What The Rich DON'T Want You To Know | Robert Kiyosaki
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- čas přidán 29. 05. 2022
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This Video: • What The Rich DON'T Wa...
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Video host: Jaspreet Singh
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DISCLAIMER CONT'D: I'm just a random guy on CZcams so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.
![Habits That Can Make You Rich - Robert Kiyosaki [Millennial Money]](http://i.ytimg.com/vi/XFQMhdAUGOU/mqdefault.jpg)
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The greater the passive income you can build, the freer you will become. Taking the first step is the hardest, but 7 house later living off passive income since June 6, 2016. You’ve got to start taking steps to achieve your goal.
I think RK is a marketing genius and I loved his book but it seems like he's more of a talker without much substance..
robert keeps talking i keep buying more cheep stocks for me
@@frankpaulin5211 I too buy cheep stocks
@@ThatGuy-qg4ww 👍
From a Muslim to a Sikh, thank you Jaspreet for constantly sharing what many need to know. God bless you and Robert for putting this one out there.
I've seen people workout at 4am before working 2 jobs. I've known introverts who became great communicators when an important relationship needed it. I've seen people who weren't ready suddenly commit to a goal. People give effort to what's important to them.
Facts!
iv seen this quote before somewhere. not too long ago but I can't remember where
My opinion on mister Kiyosaki isn’t very good but thank you for bringing him, I mean I still thinking he is a conman but at least someone that I know is a very well informed investor interviewed him.
His rlly good at talking, but this man has been saying things will crash since birth.
Yeah, lots of useless talk. "I don't give financial advice" "buy low" "who do you recommend listening to?... I listen to both sides, I don't buy stock I sell companies which requires real skill" - like wtf, how does he say so little with all those words?
he makes money from his book, not his investing.
@@zedzed5276 Indeed , all his fortune came from crappy books, I heard earlier in his carrier he tried a couple enterprises that failed miserably, so perhaps he isn’t the best source of financial advice
Love Kiyosaki and Rich Dad Poor dad but he goes too far with the financial conspiracies. He's been saying that the U.S. would go into a depression for the last 20 years.
it's not that Robert's wrong. He sees a flawed system and his ideas of how to protect yourself. imagine if the brakes on your car were screaming on the screech plates, eventually the brakes will melt down and seize up. America's brakes have been screeching since the invention of the fed reserve...more than a hundred years. how much further do you think the US has? Will you wait until a crash of the system actually happens, or will you prepare for 20 years?? Robert is saying to prepare, don't wait until it happens and you're powerless
same. I've digested all the Rich Dad books, but then I started listening to the podcast and realized how much of his current stuff is filtered by politics and repeating the same stuff over and over without offering data. If I smell ideology, I listen closely then verify (or disprove) everything before I take action. My money doesn't care who is president, it just needs me to be right.
Then why you love him? If you know he's a weirdo?
He is pretty out there, however he gets a lot of people (myself included) to think about debt and assets differently. I think he is on the extreme end of leverage use, but his books have probably made significantly more people millionaires than anyone else, including Dave Ramsey.
He's not wrong, just early. Nobody could have predicted the great lengths the American government would go to keep the economy inflated with multiple rounds of quantitative easing and spending. It is a point now where there are literally no more tools to help them kick the can down the road, massive inflation was the first sign, the crash is here.
I highly recommend that everyone read his book 'Rich Dad, Poor Dad'. But after that, get really cautious of what you get from Robert. He's def drank a bit of the conspiracy wingnut juice.
Agreed
In Kiyosaki book a business owner earn money spend money and pay tax on what's left. An employee earn money, pay taxes and get what's left. See the difference
Yes I do. Employees are getting screwed by the government and those who control it.
Uhh no. If you spend money and its not business related that's called fraud.
This is why you hire an accountant to handle all your business affairs
@@geebee8989 You mean getting screwed by companies that won't pay living wage? Government jobs pay decent and have great benefits relative to private sector.
@@ChonnyD Well when you own the money printing press that's easy to do, the only thing the government is investing in is a voting block.
So refreshing to see you two together. I’ve really enjoyed both of your info and educational teaching! Seeing the two of you makes me love the crap out of you both even more! Thank you both!
This interview is 🔥 Thank you both
Right on time!!! Great discussion, educational all the time. I want to own real estate (outside of my home) and help our community members who are without homes and jobs.
love this interview!!
Thanks for this J!
Doom and gloom Robert, still living off of a book he wrote over 20 years ago. 🤣
Hes
So
Depressed!!!
Is that not what people do? Benefiting from their work?
he doesnt make sense anymore
After 15 years of “predicting” the next crazy. Robert will FINALLY be right. I better not hear him talking about how he knew it was coming.
Of course it’s coming at some point.
I get what you're trying to say, but please make sure you sound coherent and have typed things out properly before pressing that send button.
🤣😂You better prepare until you pubic hair turns gray then. LOL
A clock is right twice a day, lol
We’ve been due for a depression, but the FED kept using quantitative easing to prop the market up. That doesn’t cure the market from going through a depression it just prolongs it to a later date. So when Robert and others were predicting a depression, they weren’t wrong, the FED injected money into the economy in order to prolong the depression. It’s like a junkie who’s about to go into a withdrawal but takes another hit of drugs in order to prevent from feeling like shit.
Thanks for these vids Jaspreet!
God bless both of you.
Gotta bail before even a minute and a half. Robert is always so incredibly venomous. I’ll come back when it’s just you ✌️
ditto. Robert gives out a prideful vibe--not surprised because he was a jarhead--they are 'never wrong'-smh.
This is great and timeless information 👌👏
Powerful message here.
Love Rich Dad, Poor Dad. Should be required reading in every high school.
Then the drop out rate would increase.
That would never happen. Teachers are at the bottom of their college classes. They have 2 months vacation and a guaranteed retirement. They are not the sharpest or motivated to learn. Fleas living off the dog.
Great interview great short clip
Wow you got Robert Kiyosaki here 🚀
It’s a clip from an older vid
That is crazy yesterday I start to read his book and today I’m seeing this video
I appreciate what you do.
Great interview 🙌🏾🔥
Thank you
2:03- 2:25 truer words have never been spoken.
Appreciate this video
Don’t trust government and big banks! Love to hear it!
Learn about the free state project in New Hampshire ❤️
Wooh!! My favorite legit financial teachers!!
It's hard because people dont know specifically where to start or how to start and the assumption of failure is usually the detractor of being committed.
You got a podcast?
Do you have the full video clip?
If we let free markets operate we’d be in a depression right now. Who knows how long they can keep kicking the van down the road.
We’d be out of the depression by now. It would have happened in 08 instead of bailing the banks out.
The free market is a good thing. I’m not sure if I’m understanding your comment
Van? Don't you mean can? 😂🤔🤪
@@s.c342 if you look at the Great Depression, if the government didn't intervene with the new deal then the country would have failed. Pure capitalism only works if people are buying and producing. When people stop buying then the country has to rely on the stock market when people stop investing and they hold cash the country starts failing.
@@shemaths1668 you fail to see the man behind the curtain. I encourage you to look at the root cause and not the symptom in which you are just describing. If you can’t read this book “creature of Jekyll island” watch a video on “Jekyll island and the creation of the federal reserve”
I love Robert 😂💪💪✌
I think we are heading for over inflation!!!!! good luck to all !
Thanks Robert, it's only been one year of listening to your CZcams videos, with not even basic accounting or commerce knowledge from school but I am gaining some financial insights day by day. I hope by the time I read your books and some you recommend they will make even more sense.
All I am saying is I am better financially equipped than before the education💃.
Jaspreet i really wanna know what you were thinking when Robert was talking to you and answering questions
I’d love to know who these “rich” that don’t want “you to know”. I can’t imagine the “rich” wasting their lives hiding information. What you should of said is, what the poor and middle class are too lazy to learn about. We are not victims, just uneducated.
Sorry about the rant.
By 'rich' he is referring to the private clubs where you and I will not be allowed to be members. It is not about being lazy, if you are not a part of the elites you will not have access to this information. The root of the problem is much deeper than getting the right education, what about getting the capital ...
they dont want you to know but the information is out there now and smart people found it and used it and the rest still stuck thinking dept is the way to success like college getting a mortgage and a car payment
We are not lazy
@@danamiller1192 *Debt
kiyosaki vs Dave ramsey?
Agreed on CZcams!
Jaspreet, no clip to click on at the end of this video! I know there is a longer interview than this...coming soon?
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That sounds good😊..I’m really thinking of reaching her, have heard positive rewards about her. How to find her??
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Jaspreet sir 👋
Robert talked about two guys that he follows on CZcams. Can anyone right the names or the link to their channel ?
Great work Jaspreet! Scooby snacks for you and Robert.
My allegiance is to Liberty, the Repubic and Democracy.
I don't fully understand everything discussed in the video but would like to, can anyone recommend any resources (books, videos) that would help and goes into more detail?
a great place to start would be The Intelligent Investor. It's dated, but all these topics are essentially timeless (plus the book goes into how to value a company)
Rich dad poor dad
The book Rich Dad Poor Dad is the best explanation possible. Audible has it in audio book format if you prefer.
First go for the really good books, “one up on wallstreet”, somebody mentioned “the intelligent investor”, “value investing from Graham to Buffet”, perhaps some guide to personal finances and only after those if you are interested you can buy any of Kiyosaki books which are the equivalent of junk food you can avoid starvation with it but isn’t that good for your health
Thanks all for the suggestions, I will definitely look these up!
His warnings are coming close to coming true
And how are people living without jobs?
Please, I have questions?
Keep stacking and draining the physical inventory until the industrial sector and world take Silver more seriously and actually start treating it like a PRECIOUS METAL 💯
I'd like to know just what Robert's long term capital gains bracket was. 0-40k is 0% it's silly not to try to max that out every year and celebrate the victory. 41k-445k ish is 15% taxes. At a 5% loan for 3 years you almost break even, so if you think you will always max out your 0% bracket, then it starts to make sense to claim some 15%. Yes you might be able to find a deal with the money you would of cashed out at 15%, I'm just having a hard time seeing when is a good time.
I just got the Rich Dad Poor Dad book a couple days ago, today-years too late but better late than never...
Also got Think and Grow Rich, I'm understanding the mindset, now looking for my opportunity.
There is truths sprinkled in here with hyperbole. I think Robert is smart on finances but slight on how it’s communicated directly.
Btw…Rich Dad, Poor Dad although a very good book was ghost written (look it up). Anyway, balance of info is key
bhut vdia
After reading his book I went to his seminar with a friend. what a scam. They wanted 10 K to "go to the next level". Loved the message of his book but not a fan of all his views
This video is phenomenal. This is my first time seeing this man. Kiyosaki. He is on point about what he talks about. He made me realize things that I never heard of before. He is awesome.
Read or listen to his book
All these things have been said a thousand times; he just regurgitates it. He mixes in truths with half truths and some lies. And some things he says are deceptively true.
Need more videos to reach and teach the average guy
I would like to know how much debt he uses and what his overall net worth is? If he uses debt to make money but can afford to pay it off at any time are realy in debt? I'm guessing this is approach he uses when taking on debt. I think debt is fine if can back it up and it making positive cash flow.
I saw Robert in KTown LA. He was driving a Toyota 4Runner. This guy is a billionaire driving a 40k car. Millionaire Next Door lop
He talks alot about debt, unless you have a low APR you paying 100% more on the loan. 22% APR on $100k is about $220k you have to pay back, explain this Jaspreet
He's not talking about credit cards.
It's not usa, every country in world has huge debt than Income. Indian, srilanka, Pakistan, Germany list continues. Canada has debt too.
AWESOMENESS: My 2 indirect Financial Mentors sharing Financial Gems 💎!! My first indirect Financial Mentor: Arnold Schwarzenegger!!
Robert dodged a very good question. What an average person should invest in? 07:46 He just throws vague terms and no real answers with substance
How does Fauci get all the blame?
I asked the same question
Thank you for bringing Robert Kiyosaki on your channel, he should be the top educator and chief of finances in the world ( just made up the position ), someone has to get rid of the monkeys making human life miserable and take us to the future that will become eventually.
We’re definitely in a changing time regarding the economy but this whole conspiracy thing and doomsday prediction so so off base and out of tough with what is really going on.
Totally agree, the titanic has hit the iceberg and the ship is sinking and there is nothing we can do to save the ship. Better get a life boat - food, water, meds, bullets, gold, silver. People are still eating, drinking and dancing and won't do anything until they start to drown. And them powers that be are telling you everything is fine, ignore the water pouring into the boat.
epic video. so many facts dropped
I wish I could like this content twice :(
Zillow programmed their website to make it look like a lot of homes went under contract within hours of being listed. I was looking at all homes for sale in Virginia today and saw this. There are about 70 homes that looks like they went under contract in the past 6 hours of the going on the market. However, it is not true. All these homes were listed for sale during various dates. Some ranging from being listed from since last year through last month. This only shows me know much more this market is being manipulated. A lot of people do not look at details and would think that 70 homes actually went under contract within hours of being listed. This seems to be their game! I am not sure if this is happening in different states.
Jaspreet does an amazing job. Triangulate what Jaspreet says with Gregory Mannarino. ‘The Robin Hood of Wall Street.’ Greg says. Watch the 10 year yield. The stock market is a derivative of the debt market. When the debt market implodes so does the stock market. 80% correction.
He says the market will rip to the upside in the short term.
Heads up, there's no next clip at the end of the video.
You can’t win in life if the government is the rule maker of the game. Opt out of this involuntary system and start a new voluntary system of peace ☮️
Tesla is a totally different story. It’s stock price reflects its fundamentals. Legacy companies like ford are doomed
Wrong, spend 5 minutes learning about P/E ratios
... but this is an old video 😮💨
How does he make payments on his debt so that the banks don't call his loans?
Add your picture on thumbnail...to get more views...👍👍🙏🙏🙏
when this dude becomes bullish sell everything
I guess I'll go out and buy a gold mine, all this time wealth was right under my nose!
Wasn’t he just saying that debt is the detriment to our society then in the same breath trash those that are debt free I get the good debt bad debt argument and all.
Some of my best performing investments are companies that are pure black hearts. Just because I trash pharma especially when I realized how captured by the government they are, doe not mean I don't invest in pharma.
A lot of word salad in this talk.
A bubble implies all the buyers are stupid! It is a paradox.
Kiyosaki theories are full of holes. He has debt if he borrowed, period. He pays interest on that debt regardless of the market.
Robert rubbing his hands, waiting for a recession to release his gold stockpile
So you borrow 5 mil on a 10 mil property. Now you have to make monthly payments on that 5 mil so you have to be generating taxable income to make those monthly payments. Unless you’re saying that you just keep pulling loans to pay other loans. Which in the long run I don’t see (understand) how that’s doable. Sooner or later you’re over leveraged and if the markets crash, housing bubble burst than all your properties are under water… I’m sure I don’t fully understand your concept.
I so badly want to meet Robert Kiyosaki. 😭😭
The Greatest Depression.
So basically Kiyisaki doesn’t know either. He is educated guessing just like everyone else. 🙄
This guy doesn’t know crap. Check his previous tweets, 100% miss predictions
@@Tenacitae who? Kiyisaki?
I thought he was ... THEY.
First
Can’t be first when it’s a repost.
Investments ensures present and future financial security, I appreciate this video. I traded stocks years ago and started out with the “turn x into millions” mindset and blew up my account. there's more to a stock than just its stock price, an entire company more. Focus on the company not just the stock price, true words from my F.A Jane Marie Kunak..I made over half a million from ALB and NVDA..I love passive income.
I'm convinced that all of these finance jargon, unnecessary extra steps, and weird math are used to scare away hard-working people from claiming what their companies actually owe them for all of their hard work and for this sole reason I make sure I use an advisor.
I found her webpage by looking up her name online.... Her resume is quite outstanding, I'll be writing to her shortly.
It works the same with real estate. I buy small houses on large lots in towns where new houses are being built on small lots. Eventually the large lot will either be split or someone will want to build a mansion there. It’s always a “good deal/good idea” if it’s a good company/property etc. market fluctuations are just gravy.
So first he calls people stupid monkeys and then says it’s not easy shrug 🤷♂️
If you fact check his comments in real time you find out how full of BS he is. He claimed the tax department was created in 1913, not true at all, first of all our tax department is called the IRS.
I wish Robert Kiyosaki would explain his strategy for using debt. It's like, I understand debt is not taxed, but there is always interests on it, right? How is debt profitable?
It can be profitable if you use it to start a business or something. A super simple example is using a mortgage to rent homes.
Debt is profitable when the gains from the investment are larger than the interest of the debt. Basically, only use debt for assets that will pay you as long as the cash flow on the investment (ROI) is larger than the interest on the loan/debt
Im sure this video is a repeat , seen it before
I read all his books. But if you don't live in the US debt doesn't help you that much. In Portugal you pay your mortgage + interest. When you do the paperwork for the IRS it doesn't enter to the magical math they do. So you pay taxes on money you don't have. If I make 1000€ and I pay 300€ for my home I don't get any tax breaks. But if I rent a home then I get tax breaks. All of this without owning a company. If you do it through a company you can get tax breaks but you will have very poor line of credit
I was disappointed to hear him refer to Dr. Fauci as a fascist. Do not need politics with my knowledge stream. Just an unnecessary distraction for me. Lowered the standards I have been used to on the Minority Mindset. Jaspreet is simply an elevated purveyor or financial information and I find him quite refreshing
He's wealthy and uneducated in terms of science. Kiyosaki is infantile.
time is coming for payback.