Real Estate Investing With No Money - Robert Kiyosaki
Рет қаралды 1,048,561
5 жыл бұрынSchool doesn't teach you about money so in this video, we will tell you the rules the rich follow and how they view their real estate investing deals. We share what the rich focus on when they find properties to invest in and the major considerations they focus on. You can invest in real estate without your own money. This is the beauty of real estate.
Best known as the author of Rich Dad Poor Dad-the #1 personal finance book of all time-Robert Kiyosaki has challenged and changed the way tens of millions of people around the world think about money. He is an entrepreneur, educator, and investor who believes that each of us has the power to makes changes in our lives, take control of our financial future, and live the rich life we deserve.
With perspectives on money and investing that often contradict conventional wisdom, Robert has earned an international reputation for straight talk, irreverence, and courage and has become a passionate and outspoken advocate for financial education.
Robert’s most recent books-Why the Rich Are Getting Richer and More Important Than Money-were published in the spring of this year to mark the 20th Anniversary of the 1997 release of Rich Dad Poor Dad. That book and its messages, viewed around the world as a classic in the personal finance arena, have stood the test of time. Why the Rich Are Getting Richer, released two decades after the international blockbuster bestseller Rich Dad Poor Dad, is positioned as Rich Dad Graduate School. Robert has also co-authored two books with Donald Trump, prior to his successful bid for the White House and election as President of the United States.
#robertkiyosaki #richdadpoordad #millennialmoney
www.richdad.com
Facebook: @RobertKiyosaki
/ robertkiyosaki
Twitter: @TheRealKiyosaki
/ therealkiyosaki
Instagram: @TheRealKiyosaki
/ therealkiyosaki
Advanced Lessons in Millennial Money S1 E2
@TheRichDadChannel 5 жыл бұрын
If you have questions make sure you post in comments.... We will answer.
@antiluminati9578 5 жыл бұрын
The Rich Dad Channel how do I know how to choose and how much to pay a property manager?
@erickferooz3344 5 жыл бұрын
Congratulation Alexander
@erickferooz3344 5 жыл бұрын
I'm Eric from Tanzania Alexander if you don't mind can you direct/send to me more about Robert seminars materials
@dullybrown3635 5 жыл бұрын
i don't have any money...i really want to use someone money to make me rich,but in our country bank/person can only give you loan if you have something to make bond(land,house,warehouse) and i don't have anything,what i should do?
@mine2613 5 жыл бұрын
what best the best way and the cheapest way to advertize and promote what you are trying to sell and a small shop???
@emilymccord7063 3 ай бұрын
As a newbie, about to invest you most have four things in mind. 1 have long time mindset 2 be willing to take risk 3 be careful on Money usage, if you are not spending to earn back then stop spending 4 never claimed to know -Ask question, it's the best you work with a financial advisor.. like Martinez Amend, he is good on what he knows how to do best.
@bryan0359 3 ай бұрын
It's wise to seek a professional guidance when building a strong financial portfolio due to its complexity
@leonbailey8980 3 ай бұрын
Hit $200k today. Thanks you for all the knowledge and nuggets you had thrown my way over the last months. Started with $20k in October 2023
@harrysouttar704 3 ай бұрын
Most rich people stay rich by spending like poor and investing without season, and most poor people spending like rich yet not investing like the rich, but impressing them.
@peteraaron6714 3 ай бұрын
You're absolutely right, and that's a beautiful mindset you've got there I never thought of it this way before.
@kenrobin8736 3 ай бұрын
The idea of the whole trade market is something I still can't wrap my head around.
@BillyeFuson2 2 ай бұрын
It took me five years to realize the futility of trying to predict market movements solely based on chart analysis. The unpredictability of the market made it clear that such predictions are unreliable. The absence of a mentor during that period resulted in five years of painful experiences. However, I eventually learned to align myself with the direction the market wanted to go and adopt a simpler, disciplined approach.
@JerryLuca-nm9ru55 2 ай бұрын
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $760k by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
@LarryAnthony-ut8ok44 2 ай бұрын
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
@JerryLuca-nm9ru55 2 ай бұрын
Stephanie Kopp Meeks is the licensed advisor I work with. Just research the name. You’d find available details to work with her and set up an appointment.
@LarryAnthony-ut8ok44 2 ай бұрын
thanks for recommending i find her and left her with message
@gabytrumbull7880 11 ай бұрын
Robert Kiyosaki is a blessing to many. I achieved success after practicing the steps below.
@gabytrumbull7880 11 ай бұрын
Y’all need to know this. A well-known podcast in the US taught me how the rich don’t teach how to achieve success. They Seek the ideas of Fin. ConsuItants to help grow their finance
@gabytrumbull7880 11 ай бұрын
To achieve success, a FinanciaI consuItant is needed to achieve it. I engage in a Variety of lnvestments with the ideas of my consuItant and have acquired great returns so far. (the amount is confidentiaI).
@gabytrumbull7880 11 ай бұрын
for further lnfo about my FinanciaI consuItant, you can look up her full name below
@gabytrumbull7880 11 ай бұрын
Isabelle Chloe Scott
@sarahfletcher01 11 ай бұрын
Opportunity is a scarce commodity. I will partake in this. Luckily I stumble into this .
@superplan89 5 жыл бұрын
My poor dad is dave Ramsey my rich dad is Robert K
@devincaskey1436 5 жыл бұрын
Well both of your "dads" tend to call people idiots who don't have the same beliefs :/
@realitycheck87 5 жыл бұрын
ha!!
@BeavistheLizard 5 жыл бұрын
So you have two Rich dads then lol They'll both get you there, one is a faster riskier route tho.
@3-yabanc.961 5 жыл бұрын
Me to my mentor and rich dad
@busimo 5 жыл бұрын
there are multiple ways to get rich but only one way to get poor.
@mohammadnour3902 Жыл бұрын
Great Video, Success is dependent on the actions or steps you take to achieve it. Show me a man who doesn't have an investment, and i will tell you how soon he will go broke. Investment is building a safe heaven for the future. With the right choice of Investment that has at least 1% minimum risk and with an expert guidance, profit and Intrest is 100% guaranteed.
@georgenewman2689 Жыл бұрын
I agree with you. I had a senior colleague at work who was living well but never had an Investment, unfortunately his work was terminated,so he went from living well to surviving with his family.If he had invested when he was still working, he would have had another source of income.
@georgenewman2689 Жыл бұрын
Investing is a prior decision to make for the future. If you are seeing this and don't have an investment, please do make plans to invest so you don't end up like my senior colleague at work.
@marygill1547 Жыл бұрын
This made so much sense, just like he said " for one to invest, the person have to consider an appropriate choice of Investment with at least one percent minimum risk , profits margin, a mentor and expertise to guide and help you manage your Investment portfolio.
@halasultan6439 Жыл бұрын
With the help of Angelina Morris who works with an Investment organisation in England, I have been investing in the Foreign exchange market, Stock, and dividends with her expertise and guidance,she has helped me make huge profit on my Investment portfolio.
@drewalister9846 Жыл бұрын
Oh its great to see someone who also benefit's from the services of Angelina Morris indeed it's a small world. She is my portfolio manager and mentor too for 2 years and still counting and I have made profit of 123,795 usd from my initial amount of 5100 usd with her managing my portfolio.
@user-ul7iw7bw7k 3 жыл бұрын
Watching this instead of doing my homework. Hopefully a good investment!
@juliobenavides241 3 жыл бұрын
I am doing the same thing i am 15 and prefer to learn how to invest to get rich in the future than to waiste my time doing useless homework. Remember Kiyosaki said to invest on ourselves so it is a good investment.
@FreshKicks4545 3 жыл бұрын
@@juliobenavides241 don't have kids or get a house for a long time lol trust me
@tanujtaneja7294 3 жыл бұрын
Same here
@maried9383 3 жыл бұрын
Same!! I’m on break but I’m some how still breaking my 🧠
@94nolo 3 жыл бұрын
@@FreshKicks4545 depends on if they're an asset or a liability.
@froman1960 4 жыл бұрын
I keep hearing "use OPM" yet, I don't hear how to find these investors so I can use their money, or if they are saying how, I surely have missed it.
@munnybunny 4 жыл бұрын
credit / loans
@CutTheKam 4 жыл бұрын
@@munnybunny are you stupid
@CutTheKam 4 жыл бұрын
go on the biggerpockets.com forums and ask for local investors
@CutTheKam 4 жыл бұрын
@@munnybunny No shit OPM means other people's money, but you gotta be more specific dumbass, which type of loan? conventional? FHA? VA? Hard money or private money? I'm not the one who needs to go back to school. You act like school taught anybody any of this dumbass.
@munnybunny 4 жыл бұрын
@@CutTheKam Loans = OPM and you called that "stupid" because you didn't realize loans are OPM and you assumed it's money given freely from, how did u put it, "local investors on BP" (lol). What's your account on BP again? Now you're tryna earn extra credit from me by listing diff types of mortgage loans you just learned from mr. google. So cute.
@maddenus5023 5 жыл бұрын
Last time I used other peoples money was with my mom's credit card and I was arrested. Robert, why didn't you warn me about this?
@TempleoftheSon 5 жыл бұрын
No one's telling you to commit fraud. Using debt, loans or lines of credit that belong to you, to buy cash flowing assets is a good use of borrowed money and is not fraud. I'm assuming you're a Christian, right? Read Matthew 25: 14-30. Biblically speaking, how do you think you should use other people's money? Clearly this parable is actually about spiritual wealth, not monetary wealth, but it can also be applied to monetary wealth.
@boblatrimouche3943 5 жыл бұрын
Robert says: don't give up kid. If that bitch you call a mom ratted on you for investing money don't let it discourage you. Just keep finding credit cards elsewhere. Target the old so they won't realize as fast that you are investing their money using their credit card. Pro tip: just take the credit card information not the actual card. That gives you more time before they notice you are investing their money.
@soppingwetburgers6493 5 жыл бұрын
It's a joke. He made a joke and it went over both of your heads lmao
@yonikurn8562 5 жыл бұрын
Garlic Burger 😆😆😆😆
@sal_strazzullo 4 жыл бұрын
@Benjamin Zandstra They are two different things, but Jesus' parable can be applied to both.
@Jonas-ns7hf 5 жыл бұрын
Beautiful thumbnail
@Jack-cr4sy 5 жыл бұрын
😂😂😂
@r.e.l.consultingllc7206 5 жыл бұрын
😂😂
@datpip 5 жыл бұрын
It appears to be a trend on this channel as of late. Must have pissed off his social media person, lol.
@khadidjabahmed2659 4 жыл бұрын
Jonas 😂😂😂❤️
@tarisaque 3 жыл бұрын
Lmao death
@taznii8779 5 жыл бұрын
this chick a robot lmao
@navarrouk3487 5 жыл бұрын
She certainly looks like one!
@freethevibez 5 жыл бұрын
Shes a clone
@sidneyvanterwingen4704 5 жыл бұрын
But she's hot af
@dzenx9861 5 жыл бұрын
HaydenMcNasty she's is killing me with the static tone and attitude
@jgood4010 5 жыл бұрын
😂😂😂
@cwebbhouston 4 жыл бұрын
I have 4 rental properties. I did not purchase them off of the MLS. They were all purchased from off-the-market wholesale deals. Each deal was over 100% return on my capital investment. Each deal has over a 20% cash on cash return. You have to have capital to invest with, and the properties you purchase should suffer from differed maintenance. This is how you capture your equity. I make sure my numbers work to where I can cover most of my rehab with a hard money loan and furthermore pull out 15 to 20k of equity while still maintaining 20% equity on my loan when I refinance. That 20k will be used to get into my next property, because in reality that is the capital you need to get into a deal. When gurus tell you you don't need any money to "invest" they typically are selling you a program that only works with "unicorn" deals or it's a wholesaling course. They are so many sharks and middle men in this business, so to be successful it's best to find a mentor who has been through it all several times over. Did I mention that I "legally" will never pay taxes....neither on my equity capture nor rental income. If you flip...your not investing by definition...that is retail which you will have to pay capital gains on.
@michaelbuffington9190 4 жыл бұрын
I have been a Realtor for over 20 years. In the past 3 years I've been using OPM to buy and flip properties at a profit. They get 6% on their money in about 3 months. I get the profit of the flip. Robert Kiyosaki is right.... it works magically. I'm looking forward to learning how to use OPM when buying a rentals. I see negative comments on this post and they are obviously not educated, and not willing to open their mind to the education which they are practically tripping over. It works, I'm proof! Big Dog in Real Estate, NM/USA.
@mistascheme67 4 жыл бұрын
Michael buffington I need a little insight from a regular Joe that's doing this did u use credit or what how did u do it
@michaelbuffington9190 4 жыл бұрын
@@mistascheme67 There is a gentleman I know that has a home equity line of credit on his house. He uses that line of credit to invest with me. I find a property (usually $100,000), we use his cash to purchase the property. I typically invest $15,000 to fix the property up. We put the property back on the market and sell it for a profit in this example, let's say it sells for 185000.. when the house closes, I give the gentleman is hundred thousand back plus 6% oh, so he gets $106,000. this usually takes about three months to accomplish. I get the remainder of the profit from the sale of the property. We then turn around and do it again.. if he can do this three or four times a year with me he makes 12 to 18% on his money.
@mistascheme67 4 жыл бұрын
Michael Buffington so what area are you investing in, I’m looking for good people to make money and invest with, and learn in the process of everything
@Davidalexader 4 жыл бұрын
@@michaelbuffington9190 yes please tell us more if you dont mind :)
@michaelbuffington9190 4 жыл бұрын
I'm honored that people are asking to tell more. I have various friends who have either cashed out their 401k, or have home equity lines of credit on their property. They are willing to lend me approximately $100,000 at a time. In return I sign a contract with them stating that I am investing in a specific property using their money and will return their money when that property is flipped with an additional 6% profit for them. I typically locate properties that are in distress or are foreclosures. The properties are typically around $100,000. I then have the investor wire the money to the title company to close on the property in the name of my company. At that time I will sign a note and mortgage and have it recorded with the county clerk's office. This puts the investor in first position on the property. I then invest approximately $15,000, rehab the property and put it back on the market for sale. When the property closes with the new buyer after it's been fixed up, the investor is paid his money from tidal and a release of mortgage is filed with the county clerk's office. The investor gets a hundred six thousand back and I keep the remaining profit on the flip. Last year I did for flip's using investor money. This year it doesn't look as though I'll do as many because there aren't as many good deals and prices are up quite a bit. I believe that in about a year from now we'll have a dip in the market and I'll be very active once again. If anyone has any more specific questions please let me know as I am happy to answer them.
@luishernandez-pf3pj 5 жыл бұрын
Still in pay yourself first, but numbers keep coming up
@falco6428 5 жыл бұрын
After my car is paid off, which will be in 2 months, I am going to pay myself everytime I get a paycheck to get used to the habit
@jamesd2209 5 жыл бұрын
It's best to do it now
@milenaalmeyda8766 5 жыл бұрын
@@jamesd2209 Yep, then you also get into the habit of living on less, and can pay yourself even more when the car is paid off!
@mm-lv5gw 5 жыл бұрын
its been two months, have you?
@falco6428 5 жыл бұрын
@@mm-lv5gw Yes I just paid it off Yesterday actually. Your comment had perfect timing
@mm-lv5gw 5 жыл бұрын
@@falco6428 Well consider this your reminder, stick to your word, and start investing.
@ana397aguirre2 4 жыл бұрын
Finally a video that tells me something... I feel like a lot of these videos just go around in circles and say nothing...
@paulgaither 3 жыл бұрын
Agreed. But, he kind of has to. That is how points get across and are remembered by many. His work is like a pop song and his talking points are the chorus. Savers are losers. How can I afford it? Pay yourself first. Sing along, you know the words.
@eggmanslimz 3 жыл бұрын
No they go around in circles saying everything and I don’t understand how you people say this. I’ve learned so much I have pages of notes. I know so much more. I know what to do. Etc. you need to watch like 14 hours of lectures. Get it in your brain. If you watch 1-3 videos you won’t understand. They literally give you every single detail. 🤦🏻♂️
@amz617 5 жыл бұрын
I wish they would give more specific examples....but then again I suppose that’s how they make their money....by getting folks to pay for the more in depth specifics via their books and seminars...I get the hustle
@BeavistheLizard 5 жыл бұрын
Buy the book.. ;) That's how you truly get rich lol Sell a book.
@Amandaxanime 5 жыл бұрын
Amz get the books free. Nothing specific there
@erxfav3197 5 жыл бұрын
Hasib Rasool could you explain a little more please? I would *REALLY* appreciate it. It’s really not nice when people only give bits of information. What are they holding back? (I assume they teach more farther down the line but I don’t even know where)
@erxfav3197 5 жыл бұрын
Hasib Rasool thank you much for your detailed response Hasib, greatly appreciated. What would you recommend in your experience for someone looking to get into real estate investing as outlined by Kiyosaki? (Creating cash flow using other people’s money.. (likely banks)) What do you see as viable in your experience? Do you have any experience getting funding from banks or other lending institutions?
@toddlavigne6441 5 жыл бұрын
thats where they actually make their money, selling stuff
@sksumiya0710 5 жыл бұрын
Thank you for teaching us about money
@prankstars6480 4 жыл бұрын
Alexandra I think you should let Robert talk and don't interfere.
@dealerofdeth 5 жыл бұрын
Poor people 'I don't have money to do that'! Kiyosaki-san : Baka!
@vrlab5660 5 жыл бұрын
GI ST hahah
@juliandavidac 4 жыл бұрын
LoL
@emilioveloso7888 4 жыл бұрын
laughs in poor... XD I laughed way too hard on this.
@felipeferreira2180 3 жыл бұрын
Baka kkkkk
@isabellaharper3493 2 жыл бұрын
Sometimes I really wondered how people make this huge profits investing on the stock market online, I agreed with you investing and earning is a legitimate way to gain financial freedom, but how is it done
@charlottegomez5279 2 жыл бұрын
When discussing crypto diversification frequently asked question is whether diversification is even possible
@charleslapson4939 2 жыл бұрын
Understanding the various phases is critical because it can assist you in preparing and forecasting future price movements
@charleslapson4939 2 жыл бұрын
Cryptocurrency is a very good option if you would like to trade online
@mohammadmurphy3927 2 жыл бұрын
@@charleslapson4939 Please enlighten me more about the trade
@nickcholasstampley1149 2 жыл бұрын
I have Mrs Laura Jasmine if you want to trade online
@jestonitv1042 5 жыл бұрын
#Aspiring Rich Dad. Thanks for financial education Boss Robert Kiyosaki. Keep inspiring others.
@oogleeh 4 жыл бұрын
1:09 I like the way she switched to spanish when she was saying her name daaayyyummmm
@rhyskj5082 4 жыл бұрын
weird flex, but okay
@Jason-eo1rh 4 жыл бұрын
All American Girrrl just flashing my race card contingency
@DyenamicFilms 3 жыл бұрын
Saturday Night Live did a skit on that using an Irish person and accent.
@daviddefranco5218 3 жыл бұрын
I truly think it isn't necessary at all...just like the amout of blush they put on her...lol.
@RB-wi5sq 3 жыл бұрын
Not a flex, just her saying her name the way she’s supposed to.
@gamerzskillz7780 4 жыл бұрын
I never finished high school and make over $50,000+ a year. Reading this guys book has inspired me to do more. I have a home but since I still owe is a liability. Currently I'm saving money to invest in real estate and hopefully have my own small real estate company.
@vanessaambrose4167 4 жыл бұрын
Yes it's possible, it's all about your believe, it's very easy to become a reall estate manager . I will recommend you to ask Clifford_bitcoin.magnet on how to invest in real management
@randomguy-vt6xi 2 жыл бұрын
No thanks
@jamielc3437 2 жыл бұрын
How do you find and use opm
@reviewsjustcuz1437 2 жыл бұрын
I hit 100k/yr at 34. 16 yr old dropout. With more money, I got more bills. I messed up. Lol
@themonsterwithin4000 Жыл бұрын
@@reviewsjustcuz1437 What do you do?
@artruroruiz5284 5 жыл бұрын
If this is how you make money everyone will be doing it this is not for everyone.this people who write this books and do seminars they are making a lot of money out of people
@BeavistheLizard 5 жыл бұрын
This kind of strategy is high risk... people say but its not your money you are risking.. no, but it is your good name at stake, you can end up more broke than you were if this sort of thing goes wrong.
@MarioPerez-qv2pz 5 жыл бұрын
Phil Colwill or just claim bankrupt and walk away from all of the problems and start again...... I know people who have claimed bankrupt up to 3 times and the bank still gives him loans.
@hyouzanren1846 5 жыл бұрын
When migrants come in US most of them have no money yet many become richs!
@BeavistheLizard 5 жыл бұрын
@@hyouzanren1846 Wouldn't you say that this is because most migrants that go to the U.S. or the U.K. have a strong drive, more of a reason to want to do well. They dont waste their time and money on booze and cars and sports and any of the modern life BS... not until later on when they have 'made it' or truely 'arrived' with the wealth to do it.
@jaypee7980 4 жыл бұрын
Just say you don't understand how money works 😂 otherwise follow your advice and write a book ad see how rich you get then. You people are truly idiots.
@jldp24 5 жыл бұрын
This is extremely risky. Takes around 5 estates before things start getting easier. Most falter and once married with kids..that dream goes out the window.
@goosecouple 5 жыл бұрын
That means increasing quantity is the key, right?
@debbiedsinglegod4730 3 жыл бұрын
And that's why other investments is key, this is not for everyone. I'm into blockchain bitcoin investing and I get my weekly passive income all profits extremely lucrative and secure. Yes I'm in real estate too but after I got a secure investment like Cryptocurrency
@markdurgin7243 4 жыл бұрын
Hi, and Thank you for all these excellent videos! Big Fan here. I have a question: In this video, Alexandra and Shane mention (3:00 in) that one of the reasons that the person (or business) giving you "OPM" for your 1st down payment is that they will have some ownership of the property in question. I assume what you mean by this is that you would initially purchase this property in tandem with the entity loaning you OPM. So you essentially co-own this asset with them, correct? And is this written up in a legal agreement so that when you pay them back then you buy them out...? I am just confused as to how that works from a legal perspective. Thanks!
@gabzie1668 4 жыл бұрын
QUESTION. My parents don't own their own property (they are financially struggling) so it's not like I can ask them for money when they trying to survive with all their debts and expenses (already being so far in their lives)... my friends... they don't understand this and preferto just be an employee. The only way for me to buy property is through my own means... by getting a loan from a bank. But... to qualify for a loan... u need to have a minimum set income every month plus u need at least 10% of the price of the property cash... so I calculated and it will take me a minimum of 3 years and that's with a job I'm not supposed to have???? I understand my goal is to not be an employee and to be financially free but i just don't understand how we supposed to do that from the get-go??? Don't we have to start with a job but with the right mindset and correct financial education, instead of using our income for what the rest of the world uses it for... commodities and to live luxurious.... we use our income to start investing and slowly build ourself up until we can quite our job???? And after the first property, it will take less time to get my second property and it'll be easier... and i would have gained some experience from the job...but that's all I can think of doing? 🤷🏻♀️ Maybe my financial education is just not good enough. Am i not understanding the concept... like what is a 18 yr old who just finished school to do... with no money, no job or no experience??? Where do u start? Gaining Financial Education but u need to pay the bills while doing this...??? I think i need to do more research because I'm obviously not getting this.
@RICARDORR18 5 жыл бұрын
And that's why USA is the country with most debt in the world.
@charbelzeayter 5 жыл бұрын
Hahahahah so funny idiot look at all of us laughing
@KOJITAHBAWZ 5 жыл бұрын
@@charbelzeayter didn know the truth is a joke
@charbelzeayter 5 жыл бұрын
@@KOJITAHBAWZ because they are investing their money
@KOJITAHBAWZ 5 жыл бұрын
@@charbelzeayter in freedom?
@charbelzeayter 5 жыл бұрын
@@KOJITAHBAWZ ARE YOU BRAIN DEAD FFS
@rentospropertymanagementso4895 3 жыл бұрын
OPM is truly a great thing to learn from this video. Thank you.
@fire--fly 4 жыл бұрын
7:24 “If there IS a crash...” Well that got real pretty fast!
@sixjac 5 жыл бұрын
You did not even explain how to get OPM to buy the property, an example would have been nice.
@MafiosaLo 5 жыл бұрын
The game is to be sold, not told.
@brittanyjackson9883 5 жыл бұрын
U have to buy their programs/books
@Savage-do3vz 4 жыл бұрын
banks
@kremicfein 4 жыл бұрын
It’s just a clickbait
@Madcowe 4 жыл бұрын
Because it all depends on your ability and "financial IQ". If he gives you examples then you'll only try those examples instead of thinking for yourself
@diehatazmixtape 4 жыл бұрын
I just wanted to say thanks for being so informative learning is fundamental.
@sidneylc281 5 жыл бұрын
That thumbnail clickbaited me, nah, I was going to watch the video anyway like the other videos from the Millennial Money series. Que bueno saber que la anfitriona o presentadora habla español, pero de donde será?
@milenaalmeyda8766 5 жыл бұрын
She is probably American, with Hispanic roots.
@robertschuster7246 4 жыл бұрын
I like Robert i listened to his audio books its just real estate isnt my thing but his basics are good although im in stock market. thanks for your general advice.
@adityakhanna2290 5 жыл бұрын
Hey i am aditya from india actually i don't have any money but i understand what you are saying but in india rent in really low as compared to rate of the property due to huge black economy .. plz tell Indian's relatable investment
@SuperSkandale 3 жыл бұрын
This is a lot of good information. However I feel that when browsing through the Rich Dad channel content I find much reiteration. The same message is being repeated over and over again and there is hardly any point in watching any more episodes due to information saturation. The info is good, but I find that it saturates me and there is not much else to learn after that point.
@ricardofrancis5056 5 жыл бұрын
I respect and appreciate talent. It is about having the right mindset and the right attitude. We can all be wealthy in our own way.The Venting Vigilante.
@matthewlesko7652 2 жыл бұрын
Where do you live?.....,,,,,
@calebabungu4801 5 жыл бұрын
thumbs up for you Mr Robert
@anaceciliagonzalez1448 5 жыл бұрын
I love these videos about Millenial Money!! Thank you for sharing Robert, Shayne and Alex!!
@dilligafwoftam985 3 жыл бұрын
As an ex teacher in Australia 🇦🇺 i can tell you we weren't allowed to teach anything about money ... 'you're not a financial adviser or accountant'. But i had 10+ investment properties and was teaching the staff how to invest!
@aliarsfuneral9646 2 жыл бұрын
any way i can contact you sir/miss?
@aaronpingol1566 2 жыл бұрын
i see so schools is nothing more than a slave maker to work for the rich and the rich are either lucky or find away to get out of the system to become rich (non english speaker here it may have wrong grammar)
@dilligafwoftam985 2 жыл бұрын
@@aaronpingol1566 Probably so. The rich parents teach their kids about money while the poor parents discuss the football or cricket scores. The rich don't want the middle class and poor learning about money, just paying taxes and renting their properties ... (your english is good 🤓🇦🇺)
@arfanmedni7294 9 ай бұрын
Education is part of the problem
@d3adv3nom 5 жыл бұрын
She slimmed down from the earlier videos. Good job
@naomiking2442 5 жыл бұрын
Thanks for the education!
@markvasquez9486 4 жыл бұрын
Awesome cover photos!
@richardavila8695 5 жыл бұрын
Thank you Alex
@chess747 4 жыл бұрын
Robert always points out why people are poor, but never just says how to get rich, even his books go nowhere, other than pointing out the obvious. He seems to just keep everything still a secret.
@juliandavidac 4 жыл бұрын
That's kind of true, i read his books and at the end he says the same thing again and again for 20 years!!! STILL there is a lot of things that you can learn and understand, and how to use the money to make more money or even how to start the idea and became in the entrepreneur, is the most valuable thing about this guy.
@simonsphinx3920 4 жыл бұрын
Never show anyone. They will beg you and they will flatter you for the secret, but as soon as you give it up, you will be nothing to them. ~the prestige The secret is there is no secret ~Oprah Winfrey
@EverydayBK 4 жыл бұрын
He does tell you he gets other people to trust him... that’s the start. Then he grows their investments. Learn how money grows, get some and grow it❤️ . He doesn’t mind being in debt because it’s a tool.
@Savage-do3vz 4 жыл бұрын
dude, opm means physically going to a bank and asking for money, then taking that money and using it for investments, there is nothing secretive about this, open your eyes.
@Savage-do3vz 4 жыл бұрын
Crazy Gamer this is y ur poor but I’m sure u know this 😃
@livetruepurpose8447 5 жыл бұрын
Wow, a premiere! 🤠
@giuliobuccini208 4 жыл бұрын
In the '70 all was more easy. We boght an house in Italy to build an assets, using a bank loan. After few months the family in the house stopped to pay the rent. They lived there for free for 14 months, because the law in Italy protect these kind of people. My family has gone in big economic troubles, we had to pay the interests on the capital, and reimburse the capital itself. I sold everything that I can sell (my car, some little jewellery, some gold, etc.). After 14 months the people in our house finally voluntarily leaved our house and started the same game elsewhere. They leaved us a lot of not paid bills and damages... Be careful with your investments.
@entrepreneurtime7587 5 жыл бұрын
Let's start hustling avocado 🥑 toast
@eljuancho2 5 жыл бұрын
Priceless content!
@mama-cg5ri 5 жыл бұрын
That’s free content
@39viiigsiddhika68 5 жыл бұрын
Sir / ma'am , How about rent to own?
@The3MinuteLearning 3 жыл бұрын
@Robert Kiosaki Sir I stay in a developing country like India wherein loan interest rates are as high as 8% but retail yield is only about 1%. So taking 100 loans and buying 100 houses and pay emi using the rents collected doesn't turn out to be a positive cash flow. Please suggest, how can I use real estate just like you used it.
@tarikmounih3559 2 жыл бұрын
😮 Im facing same trouble relatively to the moroccan regislation ; yet u ll figure it out mi friend smhw...there must b smthin positive u didnt pay attention too regardless all d odds ! Cuz like I said here m facin dat same trouble of urs..yet each time a positive small point pops out..or in case if it stps poppin out , I ll simply turn to beast savage mode n simply rebel af hhh! Sty uplifted mi bro ☺✌💯
@Madcowe 4 жыл бұрын
Robert: Learn how to think and raise your financial IQ People: OMG HE DIDN'T TELL ME SPECIFICALLY WHAT TO DO I CAN NEVER MAKE MONEY NOW!
@jeremiekabongo3776 5 жыл бұрын
This dude now is on some shit.. can't wait to see this
@alexwrightart 5 жыл бұрын
Opium? I finally got that you're talking about OPM after 5 minutes.
@zukozenani5567 5 жыл бұрын
Very educational 🙏🏻
@sylvainduret9880 5 жыл бұрын
Robert is so funny when he make the poor ! He could be in a sitcom !
@angeltomov9184 5 жыл бұрын
3:55 Tumbs up for opening my eyes
@504React 5 жыл бұрын
Hello Rich Dad Channel, How can I obtain the Rich Dad education that teaches about real estate investing start to finish?
@randomish84 4 жыл бұрын
I really liked this video ! It was shirt and to the point !! Alexandra did much better !!! Can’t wait to try my first deal !!
@michael22000 5 жыл бұрын
I want to ask this. "Assets is something that has value" - Google/General Idea "Asset is something that gives us cashflow" - Robert Kiyosaki Is this 2 different "Asset" we are talking about? (Please do correct me if I'm wrong.) Thank you :)
@michael22000 5 жыл бұрын
@HexFlicks So basically this is the same "Asset" word, only a different point of view?
@michael22000 5 жыл бұрын
@HexFlicks ohh, I get it. Asset vs Financial Asset. Asset is something that has value Financial Asset is something that gives cashflow. Thanks !
@emmanuellugo7033 3 жыл бұрын
Muy bien girl, hasta llegue a pensar que no hablabas español ;)
@thefishchannel9731 5 жыл бұрын
teach me every thing about money!
@PeterHorrill 5 жыл бұрын
Great insights shared, thankyou!
@brechtfrissen 5 жыл бұрын
Is there a blueprint / framework which outlines all the steps with detailed information?
@St.jonnie 5 жыл бұрын
That's what I'm looking for. Even if it's just based on examples
@NovaStarr 4 жыл бұрын
I see a lot of people asking this, or along these lines, and having read many of Kiyosaki's books, he more or less says you'll need attorneys, accountants, etc., so that you can make sure you are following the law as you form the deals. He himself, cannot give those details because he's not certified to do so. If you want more, real details, it's good to seek out the 'Rich Dad Advisors' which are content, books, and videos from his accountants etc, whom are actually certified to give you detailed advice.
@Ample17 4 жыл бұрын
Dude you borrowed 200 k from your "poor" dad in the 70s to get started 😂 Stop telling the people you Need Zero Money to make Money because that's Just a lie.
@keanureed9063 4 жыл бұрын
You really don't need money to make money. There are 3 ways to create wealth. Robert explains it in his book "Business of the 21st century" time compounding is key.
@Ample17 4 жыл бұрын
@@keanureed9063 suuure Mate. That's why He needed 200 k in the 70s to start over. That was approximatly 1.5 Million Back then.
@NguyenNam-sb9zx 4 жыл бұрын
@@keanureed9063 why are you suggesting a book that promotes a pyramid scheme?
@keanureed9063 4 жыл бұрын
Pyramid schemes are illegal. If you read the book, find the right company. It'll actually teach you how to apply duplication / time compounding to your business. Take Starbucks for example. A professional networked doesnt use the social media, friends and family for direct sales. A professional networker uses his/her words out in the real world to put together a team of lookers. Take LTD and Dream Builders for example. Across the board the turn over rate is 99.9% but the two organizations I mentioned have less than a 20% turn over in network marketing and those two organizations are thriving and will never fall apart because duplication allows the company to collect just as much profit as the IBO no matter what. The wider it gets... The more profitable it is. Another thing that makes it not a pyramid scheme is that the person below you can make more money than you do and you won't get a dime if their at a higher point than you are.
@mrs.mingohomemaking 4 жыл бұрын
He never said he didn’t . In his training he talked how in the old days he had to use so much money to get started but obviously with more experience and the 21st century today he learned to actually get started with no money . Really listen before you comment on something you do not understand
@DragoNate 4 жыл бұрын
I'm curious if all of this real estate advice is only for the U.S. or if the same things apply in Canada. Also, is it even viable for someone who has no current income? As far as I'm aware (from researching) banks, nor other places, will give someone a loan without any credit history or income. I have neither.
@Jma156 4 жыл бұрын
I'm brand new to this industry (idk what other terminology to use) what would be the first step for someone who doesn't have a single incling about opm or real estate
@Dsanayei 5 жыл бұрын
Hahah haven’t seen Robert joke like that before😂
@vishy 4 жыл бұрын
Kiyosaki does some epic impressions 😂 3:45 , 3:58 , 6:47 ... superb trolling by him
@friskyrabbit.website1917 4 жыл бұрын
Superb! Thank you!
@raftika1 5 жыл бұрын
4:08 I was never taught about opium
@markolazov9166 5 жыл бұрын
Every video from this man is 98% remix, same speech every f**king time, not a single answer to the question ,,HOW,,.
@hadrienvermeire2809 5 жыл бұрын
Do you expect an A-Z manual on how to get rich? Kiyosaki is an expert in giving perspective in the financial world, through this perspective you should learn and educate yourself in your own expertise and how to grow your assets...
@evolutionsimplified 5 жыл бұрын
@@hadrienvermeire2809 youre still missing the point. No point in titling a video "how-to" if there's no actual how to information.
@dieseldawg7132 5 жыл бұрын
It’s all speculation
@90sanimemusiclyrics73 4 жыл бұрын
Opm dude. The answer on how to start real estate without money is OPM. Come on.
@greensandbeansgaming1358 5 жыл бұрын
Oregon set to become 1st state with mandatory rent controls, yikes could spread to other states and even products and services! I said it once Ill say it again property ownership is a lie. You rent your house from the town and if you rent one out, you are just the manager. Everybody is going to start to cash out.
@JohnDoe-gc1kt 5 жыл бұрын
This is why I bought into mobile homes. Its cheaper with nearly the same profit margins.
@goosecouple 5 жыл бұрын
So true. We rent our house from the town, by paying property taxes.
@pawantondwal5121 3 жыл бұрын
Love it from Gurgaon India
@MyDreamside 5 жыл бұрын
your house is a liability, same with food, electricity, water, telephone, clothing. He must be a genius... Money is just digits if you dont use them. The key is balance not be frugal
@Savage-do3vz 4 жыл бұрын
balance doesn't bring in wealth, saving doesn't bring wealth, it's using those savings to invest and using opm as leverage to invest your savings, however your house is your biggest liability.
@lembadutrai5060 3 жыл бұрын
The truth is ...without poor dad, there will be no rich dad
@7saTZ576 5 жыл бұрын
Is it possible to invite Dan Pena in the Rich Dad Radioshow?
@samviews5925 3 жыл бұрын
3:40
@CAPAE 4 жыл бұрын
I appreciate this lesson.
@jordansheppard6643 4 жыл бұрын
Being an employee is boring being an entrepreneur sounds great.
@jaytam1 5 жыл бұрын
The girl doesn’t come across as she has the knowledge to go through the process of selecting and purchasing an investment property. Just reading the script to backup what RK preaches. Using debt to buy a property also require you to lay down a deposit. So you do need a minimum of 10% (depending on which country your buying in) of the purchase price of the property in cash to the seller. As well as other professional fees such as a conveyance lawyer to conclude the deal. Anyone who has bought s property will know you do need a good chunk of cash to buy a property.
@MotoringCultureMagazine 5 жыл бұрын
So true, also you need a steady income (job) for the bank to loan you the rest of the money AND you may not make much or any profit until that mortgage is paid off. Once you're over that first hurdle (15-20 years) then you're on the up. So yeah, easy to preach, hard to do.
@really5453 5 жыл бұрын
you don't have to use banks ya know...
@temynator 4 жыл бұрын
@@really5453 What do you mean? What other sources would lend you for a deal??
@frankelse745 4 жыл бұрын
Temy Nator private lenders, hard money loans aka high interest loans, partners. There are also techniques to control purchase contracts and use them to either hold or flip. The truth is KZfaq make it too easy but it’s not too hard either. It’s possible to acquire a property without your own money just like any other assets. You just need to look good to prospective lenders.
@JRAMOSK20 3 жыл бұрын
I’m sure she’s working for Robert to learn
@StarGazeroftheMultiverse 3 жыл бұрын
Thank you for sharing this crucial advice!
@ianfraser2009 4 жыл бұрын
Good video. Keep up the great work
@libby1779 5 жыл бұрын
It’s beautiful to watch your confidence grow throughout these videos, Alex! Great job!
@sorcey9532 2 жыл бұрын
Just one question, how to get started? As a 26 years old man, is there any "step by step" guide? Also, does any of this apply in third world countries? Latinoamerica?
@davenevarez4738 5 жыл бұрын
Great tips.
@ChaceBonanno 3 жыл бұрын
Study finance/economics in college and I gaurentee that you'll learn everything Robert teaches in depth. You'll surely get a much clearer and deeper understanding.
@THEONE-dj2fr 3 жыл бұрын
I'm not in college does it have classes or courses on it
@initiaphillips6571 5 жыл бұрын
Well i tried other people's money , it didn't work for me. So back to the basic's.
@Endeavor545 5 жыл бұрын
I don't think Robert and Kim started out with opm. I remember both of them talking about paying themselves first and telling betty to just pay the minimum to the creditors. That's my plan. I'm going BUCK wild. I'm going to save everything we make for 5 months and cc everything else.... You have to have cash to buy. Banks require 20% down here in NC. I'll pay off my cards when I have a ton of houses cashflowing! Good luck with your deals!
@JohnDoe-gc1kt 5 жыл бұрын
@@Endeavor545 dont do it the market is getting ready to crash things are about to slow down. Too much debt will screw you.
@Endeavor545 5 жыл бұрын
@@JohnDoe-gc1kt if you have a system, then you can make money in any economy. I would agree that being prepared financially to make a good move, does come when the economy takes a dive though. Wait until it goes on sale, like rich dad would say!
@JohnDoe-gc1kt 5 жыл бұрын
@@Endeavor545 I'm not saying you have a bad idea what I'm saying is the timing isn't right. Cash is king and we are getting ready to move into a time where you're going to need cash. I wish you the best of luck just dont over leverage yourself. If you do use debt make sure you have a stable consistant income that will cover you no matter the state of the economy.
@Endeavor545 5 жыл бұрын
@@JohnDoe-gc1kt Thank You! I appreciate your comments! You sound a he'll of a lot like Robert Kiyosaki, lol!
@ibohidic8626 5 жыл бұрын
Why do you think people from other countries when they come to America the 90% of them own a business and they coming from nothing they come to America with $0
@anthonygaydotcom 5 жыл бұрын
Because their country didnt teach them go to school to get a good job
@kingjo1534 4 жыл бұрын
And these people have 7 to 10 years of not paying taxes for whatever reason
@anthonygaydotcom 4 жыл бұрын
@@kingjo1534 if they are self employed its impossible to pay tax without a tax ID number which is a social security number. If the foreigner incorporates the busines is liable for tax on profits like any other american business.
@fromagperspective9428 4 жыл бұрын
They get loans and tax breaks for being foreigners who start businesses and employ people.
@lubosimaboshe 5 жыл бұрын
nice lesson.How can we leverage mortgages and interest rates?
@deniamartinez9179 5 жыл бұрын
Do you guys have this information in Spanish? I wish to share with my Spanish speaking friends..This is amazing and motivating information towards finance
@futureisyours3016 4 жыл бұрын
He has sold so many books, but still the info is so vague. Not good Robert, wont buy your extensive books if they dont give out info black and white
@NexY92 4 жыл бұрын
He's an idiot 😁
@BS-ei1hk 4 жыл бұрын
NexY are u a billionaire? Are u richer than him? Are you wealthy? Probably not. How can you call him an idiot? You are even watching a video he made. You are the idiot.
@sanatanmeaning 4 жыл бұрын
@@BS-ei1hk Nexy is the Next Poor dad
@alexanderforsman2166 4 жыл бұрын
Loans and debt is a great way to start off, but for the love of god make sure you have the means to make your repayments on time, declaring insolvency sucks.
@matthewlesko7652 2 жыл бұрын
Where are you from?.....,
@hyouzanren1846 5 жыл бұрын
US need learn ALOT from Robert!
@danielu2521 5 жыл бұрын
Great guest, great host. I like Alexandra Gonzales energy. Keep up the great work.
@jacobdove5860 4 жыл бұрын
Dave Ramsey freaking out rn lol
@tonmy21 5 жыл бұрын
Inshort u bcum a broker. Accumlate commission n purchase real estate.
@jtipale 4 жыл бұрын
No no no. Go check BRRRR method. It should explain this much better.
@kellybyrd9772 5 жыл бұрын
Do you offer an apprenticeship program like a few other investors do?
@joellim7010 5 жыл бұрын
from 7.00 she said she search for investment property and the numbers don't make sense. This is exactly why Robert Kiyosaki real estate investment kind of method doesn't work. i mean who doesn't know buying property and waiting for capital appreciation will make money. the problem is no one has so much cash on hand to buy multiple properties at one go and also owning real estate comes with a lot of expenses such as repairs, maintenance or what if you can't rent out the property etc. Also, all it takes is just 1 hurricane katrina to wipe out your property in seconds. It just doesn't make sense to own a physical property at all.
The Rich Dad Channel
Рет қаралды 8 МЛН
The Rich Dad Channel
Рет қаралды 1,6 МЛН
The Rich Dad Channel
Рет қаралды 2,8 МЛН
MotivationHub
Рет қаралды 30 МЛН
The Rich Dad Channel
Рет қаралды 916 М.
The Rich Dad Channel
Рет қаралды 158 М.