Rich Dad Poor Dad Lied To You

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  • čas přidán 27. 09. 2022
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Komentáře • 1,1K

  • @Matt_link0
    @Matt_link0 Před rokem +138

    Thank you, i never miss your videos, i pretty much always learn something new and you manage to make it entertaining as well !

    • @CodieSanchezCT
      @CodieSanchezCT  Před rokem +18

      Yes!!!

    • @zinniedel
      @zinniedel Před rokem +5

      @@m.r.d.9406 it's not her hope you know that

    • @tanmay_6363
      @tanmay_6363 Před rokem +2

      ❤💕💕🐇👌🏻

    • @PlayhouseRomeo
      @PlayhouseRomeo Před rokem

      @@zinniedel 009

    • @NINEDOTCOM
      @NINEDOTCOM Před rokem +6

      YES!! I just found her 2 weeks ago and have been binge watching her videos and they are NEVER boring 😎🏆💰🤑

  • @sneakyquick
    @sneakyquick Před 8 měsíci +57

    His books made me realize that I needed to start a business. After 15 years my business pays my entire salary as passive income. I currently work a six figure senior management job because I want to and I bank my entire paycheck. I can retire whenever I want but now I work because I want to.

    • @Not_Salman
      @Not_Salman Před 4 měsíci +6

      I knew she was misleading. Rich dad poor dad is actually making people rich

    • @immortalgaiden
      @immortalgaiden Před 2 měsíci

      no, he has come out as a fraud. at least what I have seen recently@@Not_Salman

    • @EmilyGloeggler7984
      @EmilyGloeggler7984 Před 2 měsíci +4

      @@Not_SalmanIt’s making Robert Kiyosaki rich even though he has gotten into lawsuits. Please do your research thoroughly.

    • @pavlove100
      @pavlove100 Před 2 měsíci

      Wow enough said!!

    • @xmanc5687
      @xmanc5687 Před 5 dny

      @@Not_SalmanI would say Rich Dad poor Dad is Philosophical book on how the rich think.

  • @XcessCapital
    @XcessCapital Před 10 měsíci +152

    Rich Dad Poor Dad is a life changing book if you read it early enough. I read it at the age of 26, changed my entire way of thinking, and had a net worth above a million dollars 5 years later(2012). Once you're locked in to an expensive life it's much harder to make radical changes, even for a short period of time. If you continued following his series of books, they go in to more detail. He was 100% correct then, and 100% correct now.

    • @zachariambewe8016
      @zachariambewe8016 Před 10 měsíci +6

      I agree with you and also people read books differently some will finish the boss some will not and assume they understand it

    • @revoltpv
      @revoltpv Před 10 měsíci

      Yeah she us just baitclicking people to get views not really deserved so arrogant to pretend she corrected him. "Zuckerberg an employee..." that's funny not educative.

    • @beaudinetm1693
      @beaudinetm1693 Před 10 měsíci +16

      I rather read his books from a Man whos years in experience than some young you tuber.
      Robert kiosaki speaks from experience.
      I don't normally read books but
      The last two moths of reading his books have really changed my thinking

    • @tommyair7
      @tommyair7 Před 10 měsíci +2

      spot on

    • @senthilk4544
      @senthilk4544 Před 9 měsíci

      Hello good sir, pardon my intrusion.. I'm quite young right now and I will become a billionaire one day.. Is there something that you wished that you knew before starting your career... Thanks in advance!!!

  • @Raymondjohn2
    @Raymondjohn2 Před 10 měsíci +238

    Every day we encounter novel challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.

    • @kenanporubsky2122
      @kenanporubsky2122 Před 10 měsíci +2

      Despite hearing that insider trading secrets could lead to making millions in the financial market, I hesitated to invest as I lack the required skills and a sound strategy to surpass the market and achieve profitable returns. Additionally, although I possess $160,000, I find it challenging to take the plunge due to a shortage of funds.

    • @martingiavarini
      @martingiavarini Před 10 měsíci +2

      It is advisable to steer clear of cons that appear improbable. Seeking guidance from a fiduciary advisor can be helpful as they are highly skilled in their field and can provide tailored advice based on an individual's risk appetite. While there may be unscrupulous individuals, there are also remarkable ones with a positive track record.

    • @Oly_laura
      @Oly_laura Před 10 měsíci +2

      @@martingiavarini How can I reach this adv-iser of yours? because I'm seeking for a more effective invest-ment approach on my savings

    • @Oly_laura
      @Oly_laura Před 10 měsíci +2

      @@martingiavarini Thanks for sharing, 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 e-mail shortly.

    • @mieux9341
      @mieux9341 Před 10 měsíci +1

      Man! $680,000!! You guys better buy some GOLD!!!! I would take $80,000 and buy gold, mabe even more.

  • @anthonyrussell5718
    @anthonyrussell5718 Před 10 měsíci +289

    Jame, My husband and I are on the verge of retiring, Never did my husband and I make more money than others in the middle class. But with a $1.8million joint portfolio, we intend to retire at age 46 and 58yrs. I will also like to dabble with a short-term profitable investments that could give monthly returns.

  • @3rdWorldGamingHD
    @3rdWorldGamingHD Před rokem +237

    This book changed my life 4 years ago after reading it. Completely changed the way I looked at things financially.

    • @adrianapollyon5087
      @adrianapollyon5087 Před rokem +26

      It is one of, if not, there best book for entrepreneur thinking.

    • @SenorJuan2023
      @SenorJuan2023 Před rokem

      It confirmed what I knew as a college student. That the system was rigged to get you in the rat race. Problem was it was hard to get specific information on how to make money other than via conventional investing. Now we have the internet and youtube and there's all kind of good information.

    • @oakjim206
      @oakjim206 Před rokem +22

      I read cash flow quadrant first, but it was basically the same book, lol. He repeats himself a ton in his books, but he absolutely changed my life. So thankful for Robert. However, never stop learning, and don’t take anyones word as the gospel. ✌🏻

    • @jxstice0073
      @jxstice0073 Před rokem +1

      what is the name of ( this book)

    • @not_maven
      @not_maven Před rokem +2

      are you a bot ?

  • @dimi3446
    @dimi3446 Před rokem +112

    Kiyosaki is correct and you are correct too. Learning taxes and debt is the first step because we don’t like taxes and studying it a little bit will not stop someone from making the income they have planned. Then what you mentioned is also interesting and it is perhaps the next step after Kiyosaki.

    • @CodieSanchezCT
      @CodieSanchezCT  Před rokem +8

      Agree

    • @eddiegomez3628
      @eddiegomez3628 Před rokem

      Yup I agree

    • @michael12ware
      @michael12ware Před rokem +9

      @@CodieSanchezCT I do think it’s funny how you say his cash flow quadrant is incorrect then proceed to make your own lmao 🤣

    • @prodbypella4891
      @prodbypella4891 Před rokem +9

      Robert Kiyosaki have all of that in his Other books 🙄 bruuh

  • @ronniehoffman8332
    @ronniehoffman8332 Před rokem +126

    Great title Codie! But I don’t think he “lied”… and I don’t think he was wrong. I think you just “added to” or went more in depth, which most surely adds value. Keep up the great work!

    • @Ace-Ace1
      @Ace-Ace1 Před rokem +19

      It's nothing more than a click bait title. You got it correct with the "add more." Some marketing must be going on because I'm seeing more of Codie on the CZcams algorithm

    • @randomguy4039
      @randomguy4039 Před rokem +17

      She went more in depth IMO.. Everything she said is in the book tbh

    • @MatthewCleere
      @MatthewCleere Před 11 měsíci +1

      I'm not so sure. What is a lie? If a cult member told you that he was leaving on a comet that is passing by the earth, is he lying if he really believes it? Telling untruths is not limited to those guilty of knowing they are wrong. Also, she does have a very specific point about billionaires with W2's. Is it click bait? Sure. Is there a hook or a worthless time trap? No. Just yummy financial insight goodness. For FREE.

    • @uncledodad
      @uncledodad Před 11 měsíci +2

      He made his money selling books.What a scam.

    • @coumadin75
      @coumadin75 Před 10 měsíci

      ​@@uncledodadshe is doing the same lecturing others. Someone who is rich and well off doesn't need to make CZcams videos to make money it's a joke all these so called experts... Experts at everything but their expertise topic

  • @tylerdurden5122
    @tylerdurden5122 Před rokem +18

    Codie, I was very disappointed to read this title. I read Rich Dad as a 19 year old in 1999 and it changed my life. I never went to university, was a painter by trade, never inherited or was given anything. I am a 42 year old retired multimillionaire now by adhering to Rich Dad philosophy. Robert didn’t lie, he just explained things in a different way to you.
    Your content is too good to cheapen it with clickbait titles like this. Do better.

    • @BlueSky-gu1vn
      @BlueSky-gu1vn Před 4 měsíci +3

      We all know that Mr. Kiyosaki refers to the poor employee, the kind of employee who cannot afford to buy their own company. Then she copied his quadrant, changed a few letters, and hers is the right way 🤣 Mr. Kiyosaki's approach from employee to business owner or investor is more realistic than her idea of an employee buying their own company.

  • @user-ny5xe2hx7t
    @user-ny5xe2hx7t Před 6 měsíci +53

    Most rich people stay rich by spending like the poor and investing without no stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them

    • @LeonorFerreira-ur5th
      @LeonorFerreira-ur5th Před 6 měsíci

      I invested $10,100 with her and she made profit of $53,000 for me just in 5days

    • @graceandpanic9281
      @graceandpanic9281 Před 4 měsíci +2

      This comment is more accurate than the 10 minute long video I just watched.

    • @luisdetomaso867
      @luisdetomaso867 Před 4 měsíci +4

      ​​@@graceandpanic9281Not accurate at all. Most rich people spend A LOT of money. If this were true, the parking lots in Greenwich, Connecticut would be full of Hyundais and Fords - but they are full of Maseratis and Range Rovers

    • @stevenmontplaisir3541
      @stevenmontplaisir3541 Před 4 měsíci +2

      @@luisdetomaso867 nice things but the relative cost compared to their net worth is likely small.

    • @vickyvenner7617
      @vickyvenner7617 Před 4 měsíci +1

      We know about rich people because they spend a lot of money. Elon musk doesn't not spend modestly, he's only one example but they are more rich people spending lavishly.

  • @brysonz
    @brysonz Před rokem +70

    The principles Robert teaches in his books are more beneficial in the real world than any book I picked up in school. Rich Dad poor Dad is a great book to gift a high school graduate.

    • @BRlGADE_KINGPIN
      @BRlGADE_KINGPIN Před rokem +11

      you are 100% right. I don't know what this lady is talking about.

    • @korgond
      @korgond Před rokem +1

      +1 💯

    • @Steponlyone
      @Steponlyone Před rokem +3

      If you want to know how to get rich scamming people with MLM schemes or how to get poor buying in those same MLM schemes, yes, his books are cool. If you want to learn about finance, not so much :)

    • @jayangli
      @jayangli Před 11 měsíci +1

      Robert is actually really good just not the only teacher. Real estate is a big part he's legit I think but I need more than one teacher

    • @sarahwales6276
      @sarahwales6276 Před 10 měsíci

      Agreed!

  • @albertalbaytar4536
    @albertalbaytar4536 Před rokem +205

    Rich Dad Poor Dad changed me and became my source of courage to leave employment although it took me a lot of years before I decided. But that doesn't mean that I am closing my door to new school of thoughts and mentors. I've been following Codie recently and picking up a lot of gems from her.

    • @dplatoon8593
      @dplatoon8593 Před rokem +9

      This guy has been saying the samething for the last 30 years....still waiting for gold to explode in value...etc...etc...

    • @oakjim206
      @oakjim206 Před rokem +14

      @@dplatoon8593 he has been saying the same things because it still holds true. People don’t listen, and schools won’t touch what he says with a 10 foot pole.

    • @eksdeeee4113
      @eksdeeee4113 Před rokem +5

      @@oakjim206 Nah, Kiyosaki was relevant in the past. Not anymore

    • @edwintepuendikum3527
      @edwintepuendikum3527 Před rokem

      Very profound message
      Thanks for sharing 🔥🔥🔥🔥🔥👍🏿

    • @CodieSanchezCT
      @CodieSanchezCT  Před rokem +10

      Love that… I think he got a loottttt right

  • @tennisisforlife
    @tennisisforlife Před rokem +5

    Extraordinary work Codie! I love your leadership and concern for the people. It’s a whole revolution. 🥂

  • @amosbaldwin1994
    @amosbaldwin1994 Před rokem +24

    This was great Codie! I’ve been following your content for over a year now, and have really enjoyed your content. This here, this is the stuff I like. I’ve seen all your stuff and this is what I like most. Always looking for a paradigm change. Thanks for the new thinking.

  • @wykelized
    @wykelized Před rokem +93

    His books transformed my thought processes with regard to debt , liabilities, assets, and cash flow. I went from financially destitute to doing okay for myself. The books and his quadrants specifically, didn't make me rich, but I'm still learning and growing. Perhaps there is room for both sets of quadrants in the mind.

    • @CodieSanchezCT
      @CodieSanchezCT  Před rokem +12

      Totally agree just with this one tweak ❤

    • @emeliehebertpoulin7433
      @emeliehebertpoulin7433 Před rokem +1

      @@CodieSanchezCT are the whatsapp comments you or a scam? I see many fake accounts using this tactic so I'm wondering...

    • @MindFit101
      @MindFit101 Před rokem +9

      @@emeliehebertpoulin7433 scccaaamm😂

    • @yeoldegrayCat
      @yeoldegrayCat Před 10 měsíci

      @@emeliehebertpoulin7433 watsapp comments are 100% of the time a scam folks

    • @georgehuerta1990
      @georgehuerta1990 Před 5 měsíci +1

      What I tell you is to go back and read it again and you will pick up stuff that you missed the first time. I know I have even his other books that I’ve read I’ve gone back and read again and picked up more stuff even the book of thinking and grow rich or mind of a millionaire. Those aren’t really good reads.

  • @snobunnyluvbbc
    @snobunnyluvbbc Před rokem +19

    Rich Dad has great financial shift thinking content. Codie, you also provide great content to become financially "FREE!" The Contrarion Way. Thank you!

  • @KNOCKOUTBUSINESS
    @KNOCKOUTBUSINESS Před rokem +18

    Rich Dad Poor Dad is an amazing book, I watched this video and still have no idea how robert kiyosaki was wrong. Not cool to try and being someone down just so you could come up

    • @Ammar23217
      @Ammar23217 Před 8 měsíci

      Exactly. I still cannot understand what was wrong in the book.

  • @DavidSmith-gi1vg
    @DavidSmith-gi1vg Před rokem +3

    Thank you for this Codie! I would love to see a book or digital expansion of your ideas!

  • @myfriendjmc
    @myfriendjmc Před rokem +3

    Codie, I really like your energy and your direct communication. Excellent content. Regards from Colombia

  • @LearnGUAGESTUTORS
    @LearnGUAGESTUTORS Před 10 měsíci +2

    That is a very misleading title. Mr. Robert Kiyosaki actually saved a lot of people with good financial education.

  • @redcat3583
    @redcat3583 Před rokem +3

    Great revelation, Codie. Thanks so much for sharing. Love your content. Very inspiring!

  • @doomslayerforever2858
    @doomslayerforever2858 Před rokem +68

    he got rich by selling books that was the whole plan

    • @SenorJuan2023
      @SenorJuan2023 Před rokem +13

      Doesn't matter. The info was worth it.

    • @CashSeasonLLC
      @CashSeasonLLC Před rokem +1

      If he sold 32 million books and only made 3 a book its 100 mill...sounds like he spends a lot of money

    • @mrbrett19
      @mrbrett19 Před rokem +12

      He was already rich before he wrote the book

    • @SenorJuan2023
      @SenorJuan2023 Před rokem +6

      @@CashSeasonLLC Most of his money was via real estate multi units.

    • @fernandovalentino3734
      @fernandovalentino3734 Před rokem +4

      Do you prefer get advised by someone unable to make money?

  • @renedavila654
    @renedavila654 Před rokem +67

    I don't regret reading his book. It helped my family get out of a financial disaster. Him and Dave Ramsey The Money Makeover

    • @vr6204
      @vr6204 Před rokem +4

      How did it help?

    • @renedavila654
      @renedavila654 Před rokem +3

      @@vr6204 It motivated me to seek out further translate the language of money. Money IS a language. Numbers can mean a lot of different things, sometimes years of heartache if you're not careful. It also showed me a big picture of how going to a day to day job isn't going to get me not only out of debt but surpass the normal confines of regular living.

    • @mannyt2598
      @mannyt2598 Před rokem +2

      These are two really good books when starting your journey.

    • @JesseKegg
      @JesseKegg Před rokem +1

      This right here

    • @gabrielaj2066
      @gabrielaj2066 Před rokem +1

      @@renedavila654 rich dad poor dad help you?

  • @neilcunningham4634
    @neilcunningham4634 Před rokem

    Just recently discovered your videos and love them!! Great content! Very helpful and insightful as well as easy to understand.

  • @RetroGent5
    @RetroGent5 Před 11 měsíci +18

    Kiyosaki is the hype man that we all needed to point us to the door.

  • @xiaoyuhu4264
    @xiaoyuhu4264 Před rokem +9

    Thank you Codie. This is the paradigm gem I have been looking for! I really appreciate you share your expertise knowledges so generously. I can't believe it's been almost a year already that I follow you. Many loves❤❤❤

  • @chrissulimay
    @chrissulimay Před 10 měsíci +21

    Being a 50 year start over - this really hit's home.. It 's actually embarassing to not be financially free at this stage of my life - I resonate with the high schooler vs PHD.. I've always been good at generating money, never learned how to grow it. -- A little humbling to write this out but thanks for putting this out there.

    • @GoldKingsMan
      @GoldKingsMan Před 9 měsíci +3

      Gotta start somewhere.

    • @JosieReacts
      @JosieReacts Před 8 měsíci +2

      It’s never too late.

    • @cupbowlspoonforkknif
      @cupbowlspoonforkknif Před 6 měsíci +2

      Mistakes are just the cost of tuition to the School of Hard Knocks. Don't compare yourself to others. We are all on different journeys.

  • @LDW1961
    @LDW1961 Před 10 měsíci +2

    Bob K sounds more unhinged every time he appears on TV.

    • @TonySchwartzNKY
      @TonySchwartzNKY Před měsícem

      Agreed. You can tell a person's character in how he talks about other people. And RK is bitter as all get out.

  • @olsyx5098
    @olsyx5098 Před rokem +12

    Hey, Codie! Really liked this video. Rich Dad Poor Dad was more a confirmation of what I already thought than a life-changer for me, and I also felt like there was some depth missing with regards to this. Thank you for explaining what that was! Now the next step is figuring out how to get from General Investor to Calculated-Investor. I'd love to see a video on that too!

    • @kamoliddinnarbaev5216
      @kamoliddinnarbaev5216 Před rokem +1

      Yea the book didn't offer anything life changing for me either. Also, there's only one message/point in the book, just repeated over and over.

  • @CTWealth
    @CTWealth Před rokem +8

    Love this matrix Codie. The game changes considerably when people start giving you money to invest.

  • @RomanVarl
    @RomanVarl Před rokem +8

    Yeah, the book is like 25 years old now. Written about times you've walked under the table. Thanks Kap!

  • @sporecitymushroom697
    @sporecitymushroom697 Před rokem +6

    That book completely changed my life

  • @hagakuru
    @hagakuru Před rokem +3

    Enjoyed this type of format. You should do more like it.

  • @CoinKing13
    @CoinKing13 Před rokem +35

    Rich Dad is one of the best books ever written. Rich Dad didn’t lie to anyone and I think you are missing his major point which was to help people change their mindset so they can create cash flow investments that increase your net worth while reducing your tax rates.

    • @oakjim206
      @oakjim206 Před rokem +5

      Exactly. Being truly financially free is 100% mindset. Also, knowing the tax laws and how to benefit from them is essential on your path. Her knocking RK for his “tax brackets” is silly as that is extremely important information to learn, or you will be screwed.

    • @jtowensbyiii6018
      @jtowensbyiii6018 Před rokem +7

      You didn't watch the video

    • @Joel15269
      @Joel15269 Před 3 měsíci

      You didn't watch the video and you didn't read Rich Dad.

  • @yahayaoyinkansola8258
    @yahayaoyinkansola8258 Před rokem +3

    This was really nice, I loved your perspective about the book and the way it should be looked at from a different angle

  • @patriciaaaaron9448
    @patriciaaaaron9448 Před rokem

    What books do you recommend to get to be a calculated investor? Thanks - Love your content!

  • @marvyncorrea2271
    @marvyncorrea2271 Před rokem +2

    Thanks for your content 👍🏽 I love the way you presented it

  • @ShaneStilwell
    @ShaneStilwell Před rokem +11

    I think your information is very helpful, kind of a different take on RK’s quadrant…but, in the end it comes down to his most simple advice, purchase assets that generate income and get to passive income asap. Then also use due diligence to maximize your tax savings on your income. Finally, use other people’s money (your Master Allocator) to expand your investing. Yep, still in there with RK, lol! But it is great to help people understand things from a different perspective, good job.

  • @AwakenedVibration
    @AwakenedVibration Před 11 měsíci +5

    You’re my absolute favorite female entrepreneur educator. No bullshit, straight to the point. You truly want to ‘ wake people up!’

  • @sere4462
    @sere4462 Před 10 měsíci +2

    Another great video Codie!! I love how you are able to communicate complex topics in a more understandable way and sharing all your tricks. You are making me reflect on myself and I am looking forward learning more...
    By the way, have you ever thought about going next step, I mean buying business outside US? in my country it is not so easy to buy a business and even more make it succesful and taxation is horrible...
    By the way, I didn't like the book: yes, the advice is sound and he makes you open your eyes and think outside conventional way... however, come on! When I was reading the book I couldn't help feeling so sad for his dad, he never even said I love you, thank you dad for loving me and doing the best that you could... what does matter most in life? It just doesn't feel right...
    And I just burned my pizza writing this long coment! LoL
    Thanks!!

  • @shiniyokai82
    @shiniyokai82 Před rokem

    Hi Codie, I just want to ask about any recommendation books to read and thank you for the video

  • @ericwilde4583
    @ericwilde4583 Před 8 měsíci +59

    Retired at 55 several years ago. $1M in the bank. More time with my wife. 3-5 trips to the gym each week that I couldn’t do while working. Way less stress. More time for hobbies. Cycled 5,000 miles my 1st year of retirement. Joined a golf league that work travel had prevented. Actually have seen our net worth INCREASE nearly each year in retirement, thanks to no debt and years of dedicated investing with my FA Olivia Rene Reyes. Able to help my elderly mom more. Way more time spent outdoors. Life is good!

    • @gagnecaron658
      @gagnecaron658 Před 8 měsíci

      i'm happy there are lots of people doing so well...Love this channel for the transparency

    • @stanleyfujiwara1394
      @stanleyfujiwara1394 Před 8 měsíci

      Consistently investing in quality dividend paying companies over the long term is a relatively easy strategy to create generational wealth.

    • @jerryscotfield6913
      @jerryscotfield6913 Před 8 měsíci

      out of curiosity I did read about Olivia Rene Reyes on the web, she has a great resume

    • @walter.dlawson2580
      @walter.dlawson2580 Před 8 měsíci

      Glad to see someone being honest about money, lots of people talk about it but no one really gives good advice on the matter, this is really refreshing

    • @godfreymashale9323
      @godfreymashale9323 Před 8 měsíci

      Did a quick web search, she has a pretty decent bio, I wrote her and I'm waiting on her reply.

  • @theoutsiderjess4869
    @theoutsiderjess4869 Před rokem +3

    I like how you made this so simple and easy to understand I don't understand financing and I have a hard time educating myself because sometimes I find the subject to boring to keep my interest

    • @megaera2988
      @megaera2988 Před 10 měsíci

      Please don’t trust her advise blindly, you must ready rich dad and poor dad yourself and also cash flow quadrant these two book yourself !

  • @ahlmost
    @ahlmost Před rokem +2

    Have a point

  • @jessielazo9373
    @jessielazo9373 Před rokem +1

    Codie you are great...wish I had this knowledge earlier....I am a full time employee and have done well...but like many others have had to take some hardships and failures down the road in my career. Now that I am 5 to 10 years from full retirement I realize I am barely on the 2nd step and wish to get to the other levels. Love your knowledge and expertise as well as your look on financial freedom. Thank You!

  • @literature.lover123
    @literature.lover123 Před rokem +4

    This book inspired me to move out of my comfort zone. I bought some other books like Intelligent Investor, Think and grow rich. I wish I have done before it and I'm discipling myself. No way back to comfort zone. After work I read and think open to open a business. To many things come on my mind: to create an app (I'm a mobile dev), affiliate marketing, digital agency, investing in stock market, real estate. Seriously, there are many opportunities outside, but we are just blind and brainwashed by society. Just discipline yourself to get results.

  • @mp3855
    @mp3855 Před rokem +8

    As much as I appreciate Codie and her achievements, there are few points which has to mentioned.
    1. In the whole serious of Rich Dad Poor Dad, NOT even once does Robert say you can't be rich in E aka Employment quadrant. He just speaks about the Pros and Cons of all the quadrants.
    After you guys read Rich Dad Poor Dad, read his next book Cash flow Quadrant.
    2. You said in the 100s of 8 or 9 figure income folks you spoke to THEY DONT CARE ABOUT TAXES? 100% BS.
    3. Yes, I agree Robert has a more inclination towards saving on taxes because his background is Real Estate so absolutely nothing wrong.
    4. Being an investor has tons of tax benefits compared to an employee.
    So to all the people blindly commenting about Rich Dad Poor Dad. First read the book because he talks about a lifestyle a work ethic and how to get there.
    He never says Financial freedom is having tons of money, instead the first line in his book says being financial freedom is about cash flow and a lifestyle and not just stacks of cash.
    What's the issue with him being worth 100 million even if he sold his books, you think Codie is donating the money from CZcams to charity?

  • @mitchalbo3357
    @mitchalbo3357 Před rokem

    Hey Codie, love your content!! Question…. Why? Why share?…

  • @scottsteadham
    @scottsteadham Před rokem

    You mentioned learning about investing, financing, money, taxes and how various asset classes worked. How do you suggest learning about these things? I don't learn by reading, I learn by doing homework and application. Do I get a business degree (I don't want to waste my time with irrelevant classes)? Is there a boot camp?

  • @ReAnnRing
    @ReAnnRing Před 11 měsíci +3

    Spot on! Still love Kyosaki as his method set me free to understand what I was missing out on and the switch went on ... but then the mentoring needed to begin. Really love your content - making me push to the next level.

  • @ex-cheeseburger327
    @ex-cheeseburger327 Před rokem

    Thank you so much for this Codie! I don't know why I wasn't subscribed before today...

  • @riselikeaneagle
    @riselikeaneagle Před rokem

    It seems like I can skip the general investor box and move straight over to the right side. It sounds like I can aim for the lower right hand box immediately by being strategic and thinking of Leverage, correct?

  • @TheRealIshkabibble
    @TheRealIshkabibble Před rokem +4

    I just got here and new subscriber! I got to say it's refreshing to see someone tell the truth like that!! And I got to say I love you girl!! Thank you I want to become a master allocator and I know it's going to take time because I'm holding on to debt and trying to get rid of it as fast as possible.. I'm surprised this video hasn't gone viral . I was going to purchase the Rich Dad Poor Dad book. But now I'm going to find books on financial literacy and educate myself properly!Thanks again

    • @CodieSanchezCT
      @CodieSanchezCT  Před rokem +4

      Honestly I’d still read it. Butttttt take it a step further!!!

    • @Theharshparekh
      @Theharshparekh Před rokem

      I think you should still read it. It's a quick read and a first step towards financial literacy.

  • @jeremiahkaroki8711
    @jeremiahkaroki8711 Před rokem +4

    This one hit me like a baseball bat across the eye’s…Thanks Codie!

  • @joseantoniofernandez8596

    Codie, I do have some questions about taxation. It seems I am penalized because I do have an investment property. I would like to follow your examples of boring businesses investments, but how about taxation? I do not want to spend a lot of money in taxes. How can I maximize deductions legally, yet allow me to use the money made to invest more?

  • @afet472
    @afet472 Před 10 měsíci

    Any tips on where to start financial education?

  • @yahosephbenyisrael917
    @yahosephbenyisrael917 Před rokem +3

    Thanks Codie. This was an excellent video. I love your breakdowns. I definitely want to become a master-allocator

  • @pablosmith1747
    @pablosmith1747 Před rokem +6

    I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $960,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.

    • @osaka1866
      @osaka1866 Před rokem

      Investing in stocks is a good idea, a good trading system would put you through many days of success.

    • @Maricel_oronan
      @Maricel_oronan Před rokem

      It is possible to produce superior performance provided you do something different from the majority. However, most of us tend to pay more attention to the shiniest position in the market to the cost of proper diversification.

    • @pablosmith1747
      @pablosmith1747 Před rokem

      @Susan Karen Hello Do you trade on your own?

    • @pablosmith1747
      @pablosmith1747 Před rokem

      @Susan Karen That's impressive. Are you giving her your money or the money stays in your trading account? What's really the idea behind copying trades.

    • @pablosmith1747
      @pablosmith1747 Před rokem

      @Susan Karen Is her service available outside of the US? As her broker is registered in the US.

  • @manpreetsinghkang9154
    @manpreetsinghkang9154 Před rokem +2

    In Rich Dad Poor Dad, Kiyosaki makes it clear that the book’s goal is to “inspire” the reader to think differently about money & finances, and not have all the answers. It does that very well.
    This video in many ways is similar: breaks down investors into 4 categories, much like ESBI quadrants.
    So the title of this video feels a little click-bait..ish, though what she is saying about investing is not wrong.

  • @GrandPitoVic
    @GrandPitoVic Před rokem +2

    I am a complete newbie into investing but I m learning and I will get there. Thank you for the content again.

  • @FernandoOrtegaJimenez
    @FernandoOrtegaJimenez Před rokem +2

    My trading journey was a matriculation of highs and lows, literally just like the market. you up, you down. Now I'm constantly up.+

    • @Alerts_Thomaskralow
      @Alerts_Thomaskralow Před rokem

      Over the past 5 years, buying Bitcoin every week performed better than timing the market 86% of the time.

  • @octavianmsongamwanja5917

    I love this contrarian thinking! It is profound!

  • @mauriciocaceres5084
    @mauriciocaceres5084 Před 7 měsíci

    I admire your pristine way of explaining things. Enjoy your communication skills and the simplicity of breaking things out. Thanks

  • @DukeofEarl
    @DukeofEarl Před rokem +3

    Robert gives absolutely no useful ACTIONABLE advice.
    His ideas about assets vs liabilities is helpful though.

  • @pleb2dev605
    @pleb2dev605 Před rokem +3

    Why don't you have a chat with him on a live stream. I watch both of you might as well watch both of you at the same time lol

  • @modernworldartworks
    @modernworldartworks Před rokem

    Nice work as always, Codie. No fluff & to the point.

  • @patrickgw
    @patrickgw Před rokem

    Love these videos Codie - bloody great.

  • @vanessabwillis3767
    @vanessabwillis3767 Před 9 měsíci +3

    "Rich Dad Poor Dad Lied" is a "catchy title " for your video to grab attention and and gain viewers. Why can't you put out your informatin without degrading someone else's work or defaming their character? You can expound on it or introduce a new thought process for this era, but to say he lied is inaccurate. Years ago when his book was written it was fresh and new. And today, it is still relevant. There is no need to discount the good that he did in the book to introduce people to a different way to financial freedom. of financial litercy There is more than one way. He gave one, you gave one, some others will give other ways. No one has a monopoly on knowledge.

  • @jeffreygrao6677
    @jeffreygrao6677 Před rokem +9

    It wasn't a lie.... its outdated and not applicable to all geographies. Reading the book a couple of years back, I did not learn anything new and always questioned the relevance. But it is indeed a good start for a newbie... Everyone has to start somewhere🙂. I loved your classifications and totally get it. However would love some tips to move from the C to the M quadrant. Thank you

    • @CodieSanchezCT
      @CodieSanchezCT  Před rokem +2

      On it

    • @johnheath8882
      @johnheath8882 Před rokem +1

      RDPD is worth reading, still. It helped mainly by confirming my suspicions and motivated me enough to jump from quadrant S to C. Would love to understand how to make the move to M as well

  • @mrfullcrcl
    @mrfullcrcl Před 10 měsíci

    I love how that ad felt so real and not sales-ie. Thanks Bench!

  • @serialmigrant
    @serialmigrant Před rokem

    Hello, any recommendations on books explaining how to read financial statements? I see a clear ROI each time I educate myself on a topic and apply a key learning. Rich dad poor dad says to learn bout reading financials and codie here has a pHd and MBA...

  • @Michael-vc2cs
    @Michael-vc2cs Před rokem +5

    Nope he wasn't wrong. His main point was to move from consumer to producer. The lingo he used was W2 employee. The truth is, for anyone who knows about business structure, you can pay yourself via W2 and still own a business and be in the business owner section of the quadrant. What I like about Codie is that she actually shares more valuable insight than Robert does. Robert is a money mindset guy and should be taken as such.

    • @gtcam723
      @gtcam723 Před rokem

      Yep and his first 2 books are the only ones worth bothering with. The 2nd less so than the 1st.

    • @CodieSanchezCT
      @CodieSanchezCT  Před rokem +3

      I think you’re right the has a lot of great points I just hate how people talk down to w2s, not the truth!

    • @Michael-vc2cs
      @Michael-vc2cs Před rokem

      @@CodieSanchezCT I'm honored that you'd take the time to respond to me! I'll take this opportunity to say a huge thank you for sharing all of this valuable info and breaking it down in such a simple way for us!

    • @Michael-vc2cs
      @Michael-vc2cs Před rokem

      Also, I totally agree. I worked for various companies as a W2, learned a ton and saved up over $30k. You've got to start somewhere. But ultimately I realized I needed to be on the business side to be able to achieve my goals financially. But that W2 income helped me to get started.

  • @markhanson5900
    @markhanson5900 Před rokem

    Thanks for sharing this concept - good stuff!

  • @danielw.6375
    @danielw.6375 Před rokem +2

    I think this video is taking Rich Dad Poor Dad out of context just a little bit. A few key takeaways from that book are that it debunks what we are programmed to think about money at a young age and how the reader views assets and liabilities. These are two of the most important things that anyone who is financially uneducated needs to learn. The reinterpretation in this video of Kiosaki's cash flow quadrant is just that - a reinterpretation. It is essentially saying the same thing. Very well done, though. Also I believe Kiosaki's book sold so well because it is highly relatable for a broad spectrum of individuals. The way the book is laid out really does make the reader think about their finances in a new way, which is essential.

  • @proactiveinvestorandlife316

    Love this vid., much needed… a real eye opener and helping me to get to the master allocator position in my life. I never miss your videos.. thanks again!😊

  • @tay4950
    @tay4950 Před rokem +2

    Great video! I would love to see a video around the behaviors that you would recommend people to move from one quadrant to the next 💪🏼

  • @gravelman555
    @gravelman555 Před rokem

    I love this video Codie, it partly addresses a massive issue I am trying to solve at the moment.
    As G's, Wanting to break into being C's we need to implement an appropriate structure to our financial situation so that we can move forward and refinance to recoup cash to further invest. (or so I think)
    It is holding us up because we don't know who to trust or where to get the right advice to do this!
    Of course I have many questions and would love to chat. Love your work.

  • @super99centsoutlet98
    @super99centsoutlet98 Před rokem

    what do you think about investing passively in index funds

  • @karolismondeika6145
    @karolismondeika6145 Před rokem +1

    Love your videos Codie! As I recall the Rich Dad Poor Dad strategy is real estate (rentals), and from what I understand waiting till the bubble burst is best?

    • @oakjim206
      @oakjim206 Před rokem

      Yes, he is geared more towards real estate, but his concepts apply to anything. He is a believer in doing what everyone is not. When people are scared that home prices will drop and nobody is buying, then that is exactly the time to buy in very simplistic terms. Robert loves recessions, and you will too, once you see how profitable they are as most people follow the crowd.

  • @Opochtli
    @Opochtli Před rokem

    Thank you for the great content!

  • @anthonyseek6121
    @anthonyseek6121 Před rokem

    How does one move from S to M? I didn’t see anything remotely to this!! All I could think of is to do research and play in the market and gain experience! Help is appreciated!!

  • @maxt1617
    @maxt1617 Před 5 měsíci +1

    Good video. This is a neat summary of Robert Kiyosaki's 6 levels of investor in the back of "Rich Dad Poor Dad: Cash Flow Quadrant": his Level 1 investors are the 'spender-savers', his level 2 & 3 investors are 'general investors', his level 4 & 5 investors are the 'calculated investor', and his level 6 investors are these master allocators.

  • @marcossantos-yr3ee
    @marcossantos-yr3ee Před rokem

    Thank you so incredibly much for sharing this content! Shout out to you! Cheers

  • @Driftuner
    @Driftuner Před rokem +2

    At what point was he wrong? As far as i understood you pretty much renamed the quadrant and explained, in other words, what he also explains in the book, or did i miss something? Cheers mam

  • @jimmcculloch3786
    @jimmcculloch3786 Před rokem

    Brilliant, thank you! Psychology and action :)

  • @amstat9654
    @amstat9654 Před rokem

    Great video Codie ⭐️Thank you ❤

  • @tommatthews9341
    @tommatthews9341 Před rokem

    All that I remember from that book is "Buy Assets, Not Liabilites"!

  • @ernest795
    @ernest795 Před rokem +1

    Great video. Concise and to the point.

  • @SandDuneProperties
    @SandDuneProperties Před rokem

    Robert and RDPD changed how I looked at money as did Dave Ramsey. Over the years I've used both strategies to build my own. Codie may be added to that matrix ... just started watching her channel. Lots of energy and is about money and business in 2020 and beyond.

  • @westtexashodler2646
    @westtexashodler2646 Před rokem

    You need to write a book about this. I would definitely read it.

  • @haamidmohideen
    @haamidmohideen Před 10 měsíci +1

    Excellent content Codie. I love you.

  • @kirkzandier8995
    @kirkzandier8995 Před rokem +1

    Love the fawn hide, content isn't bad either! So much value!

  • @JasonVaughn
    @JasonVaughn Před rokem +1

    I want to see you on his podcast to discuss this!

  • @DC-1313
    @DC-1313 Před rokem

    Love how clear cut you are, so AMAZING!!!! ❣

  • @Hittheroadmadeira
    @Hittheroadmadeira Před rokem

    big statement to say RK was wrong, but I get it... clickbait? anyway, love the perspective, a modern take on the cashflow quadrant. nailed it. Thanx Codie!!

  • @llewellynlark5558
    @llewellynlark5558 Před rokem +1

    Codie. Stay the course. Weed you. You are breaking the matrix.

  • @michaellaforte6964
    @michaellaforte6964 Před rokem

    That’s an insightful reconsideration of RDPD and a solid advancement on it

  • @yangsue07
    @yangsue07 Před rokem +2

    It's not that he's wrong, he's telling his story from his time of how it was for him. He always comes back to something along the lines of "but the economy nowadays is different than. The 80s and 90s."
    You are correct too and I enjoyed this video a lot. It's good to hear different opinions on this subject of financial freedom.

  • @milli5486
    @milli5486 Před rokem

    A Fantastic break down Codie , thank you !

  • @SenorJuan2023
    @SenorJuan2023 Před 11 měsíci +1

    I read his his book many years ago while in college. It confirmed what I already knew...the system is a never ending rat race. Unfortunately, this was before the internet and cell phones. The problem was the tactical ways to make money. I still had to learn to make a living OUTSIDE of the system.