Check out 2nd book from Robert Kiyosaki called INCREASING YOUR FINANCIAL IQ - czcams.com/play/PLlbl0lCipVeM3Ci3pG5GaiVcL01UMw9Z4.html&si=WTciMOspeBEQuvcp
In my view, staying invested is not just a financial strategy; it's a philosophy that aligns with long-term wealth-building. Markets have their ups and downs, but history has shown that, over time, they tend to appreciate. By weathering the short-term fluctuations and remaining invested, one has the opportunity to benefit from the compounding effect, capitalize on market recoveries, and achieve financial growth. Staying invested requires patience, discipline, and a focus on the bigger picture - a strategy that, in the journey towards wealth, has proven to be consistently rewarding.
I began my investment journey at the age of 33, primarily through hard work and dedication. Now at the age of 38, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.
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
I have set aside $30k 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.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Rachel Sarah Parrish” for about five aiyears now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
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
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.
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
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.
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.
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.
A robust strategy is crucial for any investor's portfolio. When it comes to making high-stakes decisions, the greater the risk, the greater the potential reward, and it's wise to seek guidance from seasoned professionals.
Many people minimise the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm solvent. I looked for licenced advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
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.
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
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.
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).
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
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
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.
TLDR Rich Dad: Emphasizes the importance of financial education. Advocates for assets that generate passive income (investments, businesses). Believes in taking calculated risks to achieve wealth. Poor Dad: Focuses on traditional education and job security. Encourages working for a stable paycheck and saving money. Believes in avoiding risks and sticking to the conventional path. Key lessons: Invest in Assets: Acquire income-generating assets rather than liabilities. Mindset Shift: Develop a mindset geared toward financial independence and entrepreneurship. Financial Education: Continuously educate yourself about money and investing. Ultimately, the book encourages readers to challenge conventional beliefs about money, work towards financial literacy, and strive for financial independence.
The more knowledge you have about money, the more you make it work for you. You can have two people that make the same income but one be a saver and one be a spender.@HubertoMadalena-rz4xs
@@HubertoMadalena-rz4xs It's meant to give you a #mindset that will make you start investing so as to not work for money , but to make money work for you...
I really saw the potential of the stock market by reading Berkshire's annual letters. I recently sold my $674k apartment in the Bel Air area and I'm hoping to throw it into the stock market. I just don't want to lose everything.
Most people either do not understand the power of compound interest, or are just impatient. For the average Joe, however, I think it is just best to invest in the S&P 500, and just wait, which is reliable, albeit extremely long-- lots of years. Or just use a professional analyst and speed up wealth creation. Most people underestimate the power of the latter.
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
I'm actually interested in this idea of investing through an analyst. Sounds like the most sensible thing to do in the market right now. Could you give me a pointer to who you work with, please?
“Melissa Rose Francks’' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
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
*Good investment ideas will hold their value or increase in value for long time. This will allow you to exit at a good price. Short time investment's should have a high level of proper guide. Thanks to Mylah Evander the lady you recommended*
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!
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
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!
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
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.
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]
@@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
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.
@@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.
So I was watching this with my 8-year-old son beside me, suddenly at 5:15 he asked me, "Why do we have to live long? What's the point of living on this earth?"
You should live long to help others - many, many people, for a long, long time. To be able to help others, you need to get rich. To be able to get rich, you need to get educated.
Tell him We don't live long actually, if you compare any one moment to the rest of your life time, it seems long sure. Though should you compare the time of one's life to all the rest of time out side of that life.. that humans life happens faster than a moment
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.
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
The advice in the video is excellent and true for an ambitious person. It was easier for me to get rich when i learnt the method of diversification for my investment portfolio. Like spread my investments across different asset classes to manage risk. I focused on capital appreciation through high-risk, high-reward assets. Income-oriented strategies target regular income from dividend stocks and bonds. Used the value strategy to seek out undervalued assets for potential long-term gains. Worked magic!
The crypto market has been unfavorable for months and i keep losing my money selling off during dips, i'm very scared of holding right now. how do you guys still make so much?
As a beginner investor, it's essential for you to have a mentor to keep you accountable . Myself I'm guided by Mrs Olivia Brown, a widely known crypto consultant
Crypto is a whole different ball park. I would only invest funds in it that you are willing to lose or don't need. In terms of day trading crypto I don't keep a eye on anything at the moment except XRP. Wouldn't be right guy for day trading crypto
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.
The book is good. Most people arent taught financial literacy and waste their money on depreciating liabilities. The stuff in the book helps us stay mindful to invest in assets that can support you. Such as real estate. I know what you are saying...Robert might not be speaking from his own personal experience, but the content is still valid
@@canadude6401 1/3 of the world is literally starving to death, with nothing to eat and 95% of people on the planet are struggling to make ends meet and feed their families. "investing" is a luxury reserved for very few individuals who are fortunate enough to have spare play money
@HubertoMadalena-rz4xs that is where philanthropy comes in. Those who have more than they need can fund things like schools, water filtration, food for third world countries.
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.
Summary: obtain money by convincing others into working for little or no money. when you have [their] money, sell it for real estate to further exploit people by allowing them to live there while you use that exact income to pay your mortgage, charge them as much as possible so that it can also include tax and repairs, then leverage it further by buying using that equity for another house, only to rent out again. Do this while living with your parents, and by 35 years old you'll easily have several properties and enough equity to comfortably retire. Wealth doesn't get made. One cannot exactly print money, or assets. Wealth is "given", usually by means of exploitation. I say exploitation because for the renter in my example above, they do not have an option to rent a house or not. They NEED accommodation, and if they do not have enough money for a 10% downpayment, they are FORCED to give their money away and unable to obtain equity. As a landlord, you can exploit that. By forcing poor people to live in your property so you can buy another is exploitation, you are using their work for your equity. I grew up renting, my mom did too. I'm 3/4 saved up for my down payment, and should have the rest in a few years. I won't have a comfortable retirement, but my kid will. The world of finance is aggressive and scary, but the sooner you understand this, the sooner you stop being a giver but a taker. This video, while entertaining, fails to properly illustrate that.
Making my first 100k has been a marathon although I started my goal months ago, I am 26 and at 75k now, I spend but consciously just work, Invest and mostly day trading, thanks to my fiduciary Benjamin ravies, I am blessed and I believe I will keep growing
Nice, great path to make and retain capital but what does your fiduciary do for you? I want to give this it a try if you don't mind sharing, but 75k at 26 years is quite a milestone so cheers
I'm a student in Nigeria I'm working on a project Marine debris evacuator My course mates and I we are 8 in number We need a push and help from anyone out there who cares about the aquatic life and Marin environment to take this project out to the world to help preserve the marin ecosystem.
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.
#1. True, the rich get money from their parents, passed over the generations. House, property etc. which makes life easier instantaneously for the kids, since they don't have to pay rent, furniture, etc. when they are grown up. You can't turn into a millionaire just by working hard. It's impossible, without insane luck. It's still better to be able to work hard, even if the outcome might be low. Being wealthy from your heritage increases the risk to feel entitled but being lazy and a despicable person.
it's impossible to become a millionaire with hard work and discipline alone. you need something else to amass such a huge amount of wealth. usually it involves bendable work ethics, mastery of how to manipulate people and light connivery to get the right people on your side and some lack of empathy.
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!!
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.
" 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.
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
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 🙏🏾
I was in the Amway Business in the 90's. We had a book of the month club. And his book changed my life. I became a investor. And i started my own paining business. I never want a job. Working for someone else just dosnt work for me. Yes i have client. But i make the rules. And i follow a very strict process of production. Has paid me well. And as a musician. I just wrote a song called. Its none of my business.
Its all well and good to say that most people earn money because we're afraid of being poor. But why then would you bother to try and be rich? What's their goal?
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.
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.
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.
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.
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
it is a very strong advise or teaching on how to make more money in advise also including steps to follow how to do it in a instuction given to follow,it is yes little bit better to control money to grow, that is a great commission to the lord, growing them to grow money on what they are doing,
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.
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.
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.
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).
Check out 2nd book from Robert Kiyosaki called INCREASING YOUR FINANCIAL IQ - czcams.com/play/PLlbl0lCipVeM3Ci3pG5GaiVcL01UMw9Z4.html&si=WTciMOspeBEQuvcp
Q
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In my view, staying invested is not just a financial strategy; it's a philosophy that aligns with long-term wealth-building. Markets have their ups and downs, but history has shown that, over time, they tend to appreciate. By weathering the short-term fluctuations and remaining invested, one has the opportunity to benefit from the compounding effect, capitalize on market recoveries, and achieve financial growth. Staying invested requires patience, discipline, and a focus on the bigger picture - a strategy that, in the journey towards wealth, has proven to be consistently rewarding.
I began my investment journey at the age of 33, primarily through hard work and dedication. Now at the age of 38, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.
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
I have set aside $30k 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.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Rachel Sarah Parrish” for about five aiyears now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
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
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.
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
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.
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.
Looked up her name and her website popped up immediately, interesting stuff so far, about to schedule a session with her.
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.
A robust strategy is crucial for any investor's portfolio. When it comes to making high-stakes decisions, the greater the risk, the greater the potential reward, and it's wise to seek guidance from seasoned professionals.
Many people minimise the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm solvent. I looked for licenced advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
That does make a lot of sense; you appear to understand the market better than we do. This coach is who?
Actually its a Lady. Yes my go to person is a ‘LAURELYN GROSS POHLMEIER '. So easy and compassionate Lady. You should take a look at her work.
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.
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
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.
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).
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
“Vivian Carol Gioia’’ You can easily look her up, she has years of financiaI market experience.
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
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.
I read it this month few days ago
Would love to connect with you someday and learn, even if for free. Seriously. Inspiration.
What happens when all your investments go down the toilet
@@techarch8851try again
TLDR
Rich Dad:
Emphasizes the importance of financial education.
Advocates for assets that generate passive income (investments, businesses).
Believes in taking calculated risks to achieve wealth.
Poor Dad:
Focuses on traditional education and job security.
Encourages working for a stable paycheck and saving money.
Believes in avoiding risks and sticking to the conventional path.
Key lessons:
Invest in Assets: Acquire income-generating assets rather than liabilities.
Mindset Shift: Develop a mindset geared toward financial independence and entrepreneurship.
Financial Education: Continuously educate yourself about money and investing.
Ultimately, the book encourages readers to challenge conventional beliefs about money, work towards financial literacy, and strive for financial independence.
Hedge funds will fuck up your mid to small caps with naked shorting.
financial education means nothing if you have to work to feed yourself and your family
❤
The more knowledge you have about money, the more you make it work for you. You can have two people that make the same income but one be a saver and one be a spender.@HubertoMadalena-rz4xs
@@HubertoMadalena-rz4xs It's meant to give you a #mindset that will make you start investing so as to not work for money , but to make money work for you...
I really saw the potential of the stock market by reading Berkshire's annual letters. I recently sold my $674k apartment in the Bel Air area and I'm hoping to throw it into the stock market. I just don't want to lose everything.
Most people either do not understand the power of compound interest, or are just impatient. For the average Joe, however, I think it is just best to invest in the S&P 500, and just wait, which is reliable, albeit extremely long-- lots of years. Or just use a professional analyst and speed up wealth creation. Most people underestimate the power of the latter.
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
I'm actually interested in this idea of investing through an analyst. Sounds like the most sensible thing to do in the market right now. Could you give me a pointer to who you work with, please?
“Melissa Rose Francks’' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
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
There is a desire to be rich if you want the capability of helping people.
👉📕 Buy the book here: amzn.to/3Rtr9fM
Thanks a lot 🙌
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@@SoMuchBetterOfficial❤❤❤😂qq😂🎉ra
Hdffjdrgdfgfk4rrrrr❤❤😂😂
*Good investment ideas will hold their value or increase in value for long time. This will allow you to exit at a good price. Short time investment's should have a high level of proper guide. Thanks to Mylah Evander the lady you recommended*
That woman totally changed my life for good. I have come across individuals but none is as honest as Mylah. So surprised you know her too.
SHE'S MOSTLY ON TELEGAMS WITH THE BELOW NAME!!!
MYLAH EVAN1
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!
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
Please educate me, i'm willing to make consultations to improve my situation,
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.
I even thought I'm the only one she has helped walk through the fears and falls of forex trading.....
Please how do I find this financial counselor?
One of the books that brought change to my perception towards life
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!
and before that he scammed friends and family with amway
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
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.
thank God for at last a non-bot comment
@@markganus1085 I’m gay
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]
Your information might be valid, but there is nothing in this video that doesn't ring true. Phenomenology shows us that it is.
"The Canadian Broadcasting Corporation"
@@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
This was my 2nd fav. book. My fav. book was The Millionaire Next Door.
Hey am asking for book
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.
Wow
How the hell 2 kids with no money opened a library with tons of comic books?
Same way someone bought a 75K house with 20K from money they borrowed with a friend.
They probably had a lot themselves, and maybe traded some collections off of friends for other stuff.
@@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.
Beware of scammers, always trust but verify and verify some more before investing a penny… Too many scammers in our 🌎….
So I was watching this with my 8-year-old son beside me, suddenly at 5:15 he asked me, "Why do we have to live long? What's the point of living on this earth?"
You should live long to help others - many, many people, for a long, long time.
To be able to help others, you need to get rich.
To be able to get rich, you need to get educated.
Tell him We don't live long actually, if you compare any one moment to the rest of your life time, it seems long sure. Though should you compare the time of one's life to all the rest of time out side of that life.. that humans life happens faster than a moment
Life is about much more than money.
Make good ethical decisions and live a full life.
@@ri28ch28Exaclty what I told him but not only people but the animals too.
You have a smart kid.. His point was... is this what life is all about?.. or we've a purpose here...
This is so good. I love the book but I love the visuals of this video more. Thank you!!
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.
Spot on. The market presents different opportunities to create passive income, with the right skill and proper understanding you're good to go.
@yung1448How were you able to make that much? Seems like I'm not lucky enough.
I'm very much aware of the great benefits of working with a pro but I haven't found one for myself.
Definitely grabbing this opportunity. Thanks so much, just found her webpage
lnvesting in the crypt0market also changed my financial life. I was able to clear my debt and also created a passive income.
Great summary. Thank you for sharing
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
Thank you for your time! 😘❤
The advice in the video is excellent and true for an ambitious person. It was easier for me to get rich when i learnt the method of diversification for my investment portfolio. Like spread my investments across different asset classes to manage risk. I focused on capital appreciation through high-risk, high-reward assets.
Income-oriented strategies target regular income from dividend stocks and bonds.
Used the value strategy to seek out undervalued assets for potential long-term gains. Worked magic!
Not because of ignorance, It's because of the high rate of unprofessionalism in the crypto market.
The crypto market has been unfavorable for months and i keep losing my money selling off during dips, i'm very scared of holding right now. how do you guys still make so much?
As a beginner investor, it's essential for you to have a mentor to keep you accountable . Myself I'm guided by Mrs Olivia Brown, a widely known crypto consultant
Crypto is a whole different ball park.
I would only invest funds in it that you are willing to lose or don't need.
In terms of day trading crypto I don't keep a eye on anything at the moment except XRP. Wouldn't be right guy for day trading crypto
That's right, you need an experienced trader to make good profits trading cryptocurrencies
Thank you for summarize the book in a such easy fun to watch video. Please do more books😊.
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.
I was thinking the same thing. I’ve read the book and learned nothing but his ability to talk in circles and that this book teaches you nothing.
The book is good. Most people arent taught financial literacy and waste their money on depreciating liabilities. The stuff in the book helps us stay mindful to invest in assets that can support you. Such as real estate. I know what you are saying...Robert might not be speaking from his own personal experience, but the content is still valid
@@canadude6401 1/3 of the world is literally starving to death, with nothing to eat and 95% of people on the planet are struggling to make ends meet and feed their families. "investing" is a luxury reserved for very few individuals who are fortunate enough to have spare play money
@HubertoMadalena-rz4xs that is where philanthropy comes in. Those who have more than they need can fund things like schools, water filtration, food for third world countries.
That is my plan, including a World Vision sponsored child
Thanks for rich dad & poor dada Summary
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.
When I was 13 I read this book and it changed my perspective if money
Summary: obtain money by convincing others into working for little or no money. when you have [their] money, sell it for real estate to further exploit people by allowing them to live there while you use that exact income to pay your mortgage, charge them as much as possible so that it can also include tax and repairs, then leverage it further by buying using that equity for another house, only to rent out again. Do this while living with your parents, and by 35 years old you'll easily have several properties and enough equity to comfortably retire.
Wealth doesn't get made. One cannot exactly print money, or assets. Wealth is "given", usually by means of exploitation. I say exploitation because for the renter in my example above, they do not have an option to rent a house or not. They NEED accommodation, and if they do not have enough money for a 10% downpayment, they are FORCED to give their money away and unable to obtain equity. As a landlord, you can exploit that. By forcing poor people to live in your property so you can buy another is exploitation, you are using their work for your equity.
I grew up renting, my mom did too. I'm 3/4 saved up for my down payment, and should have the rest in a few years. I won't have a comfortable retirement, but my kid will.
The world of finance is aggressive and scary, but the sooner you understand this, the sooner you stop being a giver but a taker. This video, while entertaining, fails to properly illustrate that.
Making my first 100k has been a marathon although I started my goal months ago, I am 26 and at 75k now, I spend but consciously just work, Invest and mostly day trading, thanks to my fiduciary Benjamin ravies, I am blessed and I believe I will keep growing
Nice, great path to make and retain capital but what does your fiduciary do for you? I want to give this it a try if you don't mind sharing, but 75k at 26 years is quite a milestone so cheers
You mentioned your fiduciary is the one trading for you, how do I reach him to help me do same
Benjaminravies that’s his mail
@@finny_haha, thanks for your kind words but discipline is the manor key, that's what brought me this far
Thank you, I will get in touch with him now
I'm a student in Nigeria I'm working on a project Marine debris evacuator
My course mates and I we are 8 in number
We need a push and help from anyone out there who cares about the aquatic life and Marin environment to take this project out to the world to help preserve the marin ecosystem.
As you can see on the example of the rich dad and Robert himself, there is no better business than preaching.
Very interesting. When you get a chance you def gotta listen
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.
Thank you for these beautiful informative video i wish we knew yesrs ago thank you
Thsnkyou the good summary, i've learned.
Repeating this video over and over again starting from October 1
Ok so.....have rich parents got you
Thank you for this video.
Thanks for the video, hopefully I will rich someday.
#1. True, the rich get money from their parents, passed over the generations. House, property etc. which makes life easier instantaneously for the kids, since they don't have to pay rent, furniture, etc. when they are grown up.
You can't turn into a millionaire just by working hard.
It's impossible, without insane luck.
It's still better to be able to work hard, even if the outcome might be low.
Being wealthy from your heritage increases the risk to feel entitled but being lazy and a despicable person.
You can definitely become a millionaire with hard work, I’m only 18 and I’ve already touched a quarter mil. You need to take risks and work hard.
it's impossible to become a millionaire with hard work and discipline alone. you need something else to amass such a huge amount of wealth. usually it involves bendable work ethics, mastery of how to manipulate people and light connivery to get the right people on your side and some lack of empathy.
I needed to hear this again thanks.
Thank you for the lesson. Surely I will be rich someday.
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!!
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.
" 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.
this book is one big prisoners' dilemma writ large
Awesome presentation
Very great summary ❤❤
Thank you so much ❤
I love this paradigm shift 🎉
Investing in somebody else’s business that is profitable & prosperous. Also, the tithing principle is a gem!
Ok thanx, but what business people don't know is the difference between making money with good karma and making money with negative karma
Rich character is priceless and infinite in life creating overall bliss for human beings .See u in heaven.
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
Thank you for this! You explained it very simply and thoroughly. Much appreciated.
Very informative content
Oh how much i love self awareness
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 🙏🏾
What was his first book??? This is a 20/80 book. Read once and don't waste any more time.
Thanks for this amazing video 🎉
Thank you for this
Great summary 😊
Robert kiyosaki was saying he best investment was canned food a couple years ago … great advice
Loved. Thank you. Gotta say I read it but seeing in video quickly brings back greatest info.
There is a little problem here:
"to be rich you have to buy assets".
With what money exactly, if you are not already rich?
In italy you can't sell a house you just bought.
Get a job first save money as much as you can
use other people's money to start networking
I was in the Amway Business in the 90's. We had a book of the month club. And his book changed my life. I became a investor. And i started my own paining business. I never want a job. Working for someone else just dosnt work for me. Yes i have client. But i make the rules. And i follow a very strict process of production. Has paid me well. And as a musician. I just wrote a song called. Its none of my business.
Stuff should be taught in grade school.
I'm just bought real-estate property to rent out at 60. I guess it's never too late.
Please! wish me luck.
Its all well and good to say that most people earn money because we're afraid of being poor. But why then would you bother to try and be rich? What's their goal?
Thank you very much it's like reading the for the second time.
Nice, good job there, extremely valuable summery of that masterpiece of Kiyosaki!
Brilliant!
I'm reading a book called the cash flow quadrant, it's useful
I love to much this channel✍️✍️😁😁🤝🤝
When someone can tell you when to work , what to wear and how to behave you are not wealthy in freedom , financial and mind
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.
Life changing. Thank you for posting.
Working to learn and notvfor the money is really important, because my skill from my previous company is making me outstanding.
great summary! thank you!!!
Thanks!
I read the book. All i got out of it was basically take advantage of people, gaslight them, never pay a living wage, and rake in profits.
So, all my bosses read this book.
@@thombaz and
sound like a true employee
@@MimiMhair n
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.
99% of the population won’t care enough to challenge their outlook on this matter.
@@tittos9651 even if they did it wouldn't change reality a single iota. not everyone can be the boss
I'm glad i watched this. So many lessons learnt 😌
For short u need to be an employee first to be able to become rich as a ordinary person.😅 and take risk afterwards
I really want to have and read this book, Rich Dad and Poor dad.
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.
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.
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.
Is it too late to read the book? I wanted to have my dream Home this year❤
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
Thanks so much
This video makes me try looking for the book even though am not a reading fan
WHICH APP DO YOU USE TO DO THOSE TYPES OF ILLUSTRATIONS ?
Even when you live below your means, landlords and bill collectors give zero skcuf.
it is a very strong advise or teaching on how to make more money in advise also including steps to follow how to do it in a instuction given to follow,it is yes little bit better to control money to grow, that is a great commission to the lord, growing them to grow money on what they are doing,
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.
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.
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.
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
Facts..thank you for sharing
Can you summarize university courses...so that we go straight to the real world of kiyosaki
God bless you for this piece
Is the book located across all countries ?
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).