Rich Dad Poor Dad by Robert Kiyosaki (Detailed Summary)

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Detailed Step by Step walkthrough of Rich Dad Poor Dad by Robert Kiyosaki. This Animated book summary will help you to understand how the rich get rich and why you struggle financially. If you want to escape the rat race, this book can change your life.
This Visual guide will help you to understand all the amazing teachings that are within this book.
Rich Dad Poor Dad by Robert Kiyosaki
PART TWO - • Rich Dad Poor Dad by R...
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If you are struggling financially then you need to watch this video which covers topics such as:
-how to invest
-how to gain a financial education
-passive income
-how the rich get richer
-Assets to invest in, such as real estate, businesses and bitcoin
-financial coaching
-personal growth money learning
-what the rich teach their kids about money that the poor and middle class do not
-plus much more
What does rich dad poor dad teach you?
Rich Dad Poor dad gives you the right mindset to become financially free. It shows you how the Rich get richer and why the poor and middle class struggle through life. Robert's poor dad taught him to get a job and work his way up the corporate ladder. His Rich father guided him on another path that turned him into a multi-millionaire.
Who is Rich Dad?
Rich dad was Robert Kiyosaki's best friends father who guided him on the path to financial freedom.
Is Rich Dad Poor Dad a good book?
In my opinion this book changed my life. It helped me to change my perception of wealth and put me into the right mindset to continue on the path to financial freedom. It really opened my eyes to how most people struggle through life because they are playing by a different set of rules to the rich.
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This is the story of the rich dad and the poor dad
Thankyou for watching this animated summary of Rich Dad Poor Dad by Robert Kiyosaki video. Please Subscribe :)
** TIMESTAMPS **
0:00 Intro
2:01 Rich Dad and Poor Dad
3:00 Lesson 1 - The Rich don't work for money
6:15 Lesson 2 - Why teach financial literacy?
12:19 Lesson 3 - Mind your own business
DISCLAIMER: All information and data on this video are for informational purposes only. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.
This video is copyrighted by Escaping Ordinary. Therefore any unauthorized copying and use of the work constitute copyright infringement.
#howtogetrich #robertkiyosaki #richdadpoordad

Пікірлер: 3 500

@christianajoe8563 Жыл бұрын

Every family has that one person who will break the family's financial struggle, I hope you become the one 😊

@madiezancanellatl9205 Жыл бұрын

Obviously trading in bitcoin is very volatile and risky to trade that's the reason most traders trade with a company

@madiezancanellatl9205 Жыл бұрын

Now is the best time to purchase and invest in Bitcoin stop procrastinating

@jeremygood3246 Жыл бұрын

I advice everyone to start investing and never rely on just salary. No billionaire made it through salary

@oliviagreg5298 Жыл бұрын

Investments are stepping stone to SUCCESS, Investing is what create wealth

@cassiejacobs4197 Жыл бұрын

"if you don't find a way to make money while you sleep you will have to work hard until you old".

@ThomasHenry144 3 ай бұрын

The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.

@SophiaAva327 3 ай бұрын

Money invested is far better than money saved , when you invest it gives you the opportunity to increase your financial worth.

@CharlotteNatalie-rt1gj 3 ай бұрын

" It is remarkable how much long term advantage people like us have gotten by trying to be consistently not stupid , instead of trying to be very intelligent."

@HaroldDylan- 3 ай бұрын

The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.

@AustinSean- 3 ай бұрын

I also keep seeing lot's of people testifying about how they make money investing in Stock, Forex and Crypto Trade(Bitcoin) and I wonder why I keep loosing. Can anyone help me out or at least advice me on what to do.

@LatoyiaCouch87 3 ай бұрын

Even with the right technique and assets some investors would still make more than others. As an investor, you should've known that by now that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying again.

@jameswood9772 2 ай бұрын

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

@alexyoung3126 2 ай бұрын

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.

@bobbymainz1160 2 ай бұрын

Well said, with the help of the an investment advi-sor, 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).

@chris-pj7rk 2 ай бұрын

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

@bobbymainz1160 2 ай бұрын

‘Rachel Sarah Parrish’ 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.

@chris-pj7rk 2 ай бұрын

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.

@johnsam6639 Жыл бұрын

It is fascinating how everyone wants to be financially free but yet no one has the challenging ability to discipline them selfs

@sudarshanreddy8489 Жыл бұрын

That's why top g exists

@jasonayra9112 Жыл бұрын

It's becoming increasingly difficult thanks to all the distractions of todays day and age creating a sense of comfort in people

@tranquil4_ Жыл бұрын

That's why I focus on self improvement as it builds my discipline and mentality so I don't make impulse decisions. The people you are talking about dont even care about this, and its a core pillar for success

@SkibassNEF Жыл бұрын

“Themselves”

@mouseandkeyboard1009 Жыл бұрын

Cuz people above or The society created the system in the World that most people follows. (Social Media, Influencers, youtube, Cars, Artist, Actors, Etc.) When you got hook or addicted to those you will buy merchandise instead helping yourself.

@chrispaul3778 Жыл бұрын

When you invest you're buying a day you don't have to work, I pray everyone here becomes extremely successful!

@haydencraig7149 Жыл бұрын

Assets that can make you rich Bitcoin Stocks Real estate

@madiezancanellatl9205 Жыл бұрын

I'm looking for something to venture into on a short term basis, I have about $6k sitting in my savings

@christopherhobb7702 Жыл бұрын

Now is the best time to purchase and invest in Bitcoin stop proscastinating

@lukeben1596 Жыл бұрын

The one thing about being successful is working towards it and not the other way around

@thomasdooley3702 Жыл бұрын

Most people are gonna become millionaires and will have bitcoin to thank for that..

@dawsondanny990 6 ай бұрын

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

@ivankagel9949 6 ай бұрын

Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life beause I invested early ahead this time .

@Robertgriffinne 6 ай бұрын

The rich Invest in alternative income streams that are independent of the government should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. Stocks, gold, silver, and virtual currencies are still attractive investments at the moment...

@smithlenn 6 ай бұрын

I thought about investing in the financial market, I heard that people make millions if you know the tricks of the trade, but I lack good knowledge and a strategy to outperform the market and generate good yields. I have $160,000 but it's hard to bite the bullet and do it.

@tradekings5433 6 ай бұрын

Having an investment advisor is the best way to go. Based on a direct encounter with a CFP named Kate Elizabeth Amdall, I can say with certainty that their skills are excellent. She helped raise over $580,000 in 18 months from an initially stagnant portfolio of $150,000

@smithlenn 6 ай бұрын

Fantastic! can u share more details?

@tahirisaid2693 6 ай бұрын

Reading books has really skyrocket the way I think about investing. Indeed, no one has ever got rich by saving money. If you want to become financially free, You need to Invest. I've come to realize that the key to amassing wealth lies in making sound investments.

@tahirisaid2693 6 ай бұрын

Whichever firm you select, make sure you get your insurance from a reputable financial adviser, such as *Jenny Pamogas Canaya,* who has dedicated her career to financial planning. Because they will assist you in escalating, navigating better, and completing the task in a safer manner.||

@chriswalter92 6 ай бұрын

"It's quite a surprise that you're acquainted with her as well. I've had the privilege of gaining significant profits while learning and investing under her guidance for the past few months. JENNY PAMOGAS CANAYA truly stands out as one of the most exceptional mentors and traders I've had the pleasure of collaborating with in recent years. Her expertise in navigating various market situations is truly remarkable."

@FaithAndrada-xo9ou 2 ай бұрын

I recommend diversifying your investments by considering stocks alongside real estate. During a recession, there are potential buying opportunities in the stock market if approached cautiously. Additionally, market volatility can offer short-term buying and selling opportunities. However, please note that this is not financial advice. It's important to be proactive in investing as cash may not be the most advantageous option during these times.

@Raymondcraw1967RaymondCrawley 2 ай бұрын

You’re right! The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.

@BrewerVera 2 ай бұрын

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

@AndersonFair-cy2bb 2 ай бұрын

I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?

@BrewerVera 2 ай бұрын

She is Melissa Maureen Ward. look her up

@AndersonFair-cy2bb 2 ай бұрын

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

@medicmedina32 2 жыл бұрын

I have listened to the book several times, and watched many summaries on KZfaq. This is the best one by far I was bummed it was only half. Please finish part 2

@nikhilchauhan8016 2 жыл бұрын

Agreed. Felt the same.

@rich2x688 2 жыл бұрын

M mmm

@Anonymous-wv9zv 2 жыл бұрын

Absolutely

@groogrux4320 2 жыл бұрын

Thanks for letting me know this was only 1/2. Now I will not watch. Lol

@baskhalaas6619 2 жыл бұрын

Loved this illustration and your concise breakdown of the core of the book. Please please please complete part 2! 🙏🏼🙌🏽

@emilybrown2719 10 ай бұрын

A number of the most eminent market experts have been expressing their views on the severity of the impending economic downturn and the extent to which equities might plummet. This is because the economy is heading towards a recession and inflation is persistently above the Federal Reserve's 2% target. As I'm aiming to create a portfolio worth no less than $850,000 before I turn 60, I would appreciate any advice on potential investments.

@HelenaBonham-pz4ly 10 ай бұрын

There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.

@ladymariangray 10 ай бұрын

@@HelenaBonham-pz4ly I've been in touch with a financial advisor ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.

@user-qv9wz1mm5k 10 ай бұрын

@@ladymariangray

@ladymariangray 10 ай бұрын

@@user-qv9wz1mm5k My advisor is “Elizabeth Pan Holt”, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

@user-bc8dl9od6d 10 ай бұрын

@@ladymariangray thank you for this tip , I must say, Elizabeth appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.

@micheallancelot Жыл бұрын

Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.

@leonarodwell Жыл бұрын

I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value

@jetkastrokdova Жыл бұрын

@@leonarodwell This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name ROSEMARIE AGATHA ALLORA and everything changed. In in the first quarter of this year i made $370k and counting.

@TiffanyLaos Жыл бұрын

@@jetkastrokdova >Amazing seeing others with ''ROSEMARIE AGATHA ALLORA'' , I sta'rted my inve'stment wit $15,00'0, a week later, we had grown to $55,0'00. This woman!! absolute genius

@lindholmlille Жыл бұрын

@@TiffanyLaos This is not the first time I am hearing of her and her exploits in the trading world but i had no idea on how to reach her, i have already lost enough of money since my retirement on binance trying to do it myself???

@TiffanyLaos Жыл бұрын

@@lindholmlille >You can easily look her up on the internet with her name if you care supervision, she has years of financial market experience.

@daviniafelipe4412 4 ай бұрын

Thanks. Good video. I'm never 100% sure I can make money. Never place 100% of your savings in just one type or type of investment

@Patrick-xt7bm 4 ай бұрын

Always aim for a week. Set your maximum cups lost per week. it's still perfectly logical, it's quite passive and rewarding

@lozanocorona8448 4 ай бұрын

Every investor's dream is to find a strategy that guarantees, if not 100% success, at least 99.99%.

@katinkafrauke2148 4 ай бұрын

It's like that. The crypto space is a very sensitive area. It took me two months to understand the benefit of functioning correctly, the adaptation saved me. Thanks to the expert, John Joseph

@regulaueli6216 4 ай бұрын

What sets John Joseph apart from other account managers is his ability to comply. His managerial skills are second to none. With profitable weekly signals, one can only be grateful.

@manuelolaf772 4 ай бұрын

Who is this man everyone is talking about? Is there any way to contact him?

@simonbad 11 ай бұрын

I'm holding my stock and no "breaking news" FUD will get me to sell. We are an army and all have diamond hands. I'm sick of the market manipulation by the hedge funds and whales. It's past due time to teach those greedy b's a lesson.

@Erinmills98 11 ай бұрын

Most people seek instant gratification, which usually doesn't go well. so set goals 1-2 years out instead months out, and you are likely to be much more satisfied with the results.

@IrenaDolinsek 11 ай бұрын

@@Erinmills98 I always FUD at every little dip until a friend at fidelity investments recommended coach JENNIFER PUCKETT HUNTER who managed my bag very well to over 15%.

@AstaKristjan 11 ай бұрын

@@IrenaDolinsek This is really impressive, who is this person and how can they be reached?

@IrenaDolinsek 11 ай бұрын

@@AstaKristjan I don't think i have much to say here but you can do your due diligence on her page if you wish.

@jacksonroman1621 Жыл бұрын

Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

@ramzyaissaq1698 Жыл бұрын

Fax

@ibendover4817 Жыл бұрын

@@ramzyaissaq1698 Fax is dead. People use email now, get outta here.

@Parciwal_Gaming Жыл бұрын

Which is why this Advice is imperitive to our current society. It is indicative of captialism that you are expected to figure it out on your own or starve, be homeless, ore being stuck working a job that barely pays enough to live, if at all. If you are born poor, you have pretty much lost. Especially in the USA.

@ramzyaissaq1698 Жыл бұрын

@Parciwal Gaming bro don't give up, an d I can prove you wrong 88% of millionaires were self made meaning they weren't born ruch

@ramzyaissaq1698 Жыл бұрын

Rich

@jessicamoore3093 11 ай бұрын

The information of this video and book has opened my eyes. I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio of $450k dwindle away is such an eye -sore.

@alexyoung3126 11 ай бұрын

@joesphcu8975 11 ай бұрын

I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.

@lawerencemiller9720 11 ай бұрын

I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?

@joesphcu8975 11 ай бұрын

Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. “Eileen Ruth Sparks” is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.

@lawerencemiller9720 11 ай бұрын

I just checked her out and I have sent her an email. I hope she gets back to me soon.

@jesbensommichael8397 4 ай бұрын

The collapse of Margin debt leads to a decrease in stock prices and trigger a wave of selling as investors try to cover their losses, Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $145K for sometime now, my major challenge is not knowing the best entry and exit strategies ... I would greatly appreciate any suggestions

@raychristopher7797 4 ай бұрын

I'll suggest you find a mentor or someone with experience guide you especially in this recession. especially for your 401K, IRA and portfolio diversification.

@jesbensommichael8397 4 ай бұрын

@@raychristopher7797 I agree, I thought I was doing alright profit wise, until I needed assistance with diversification, I reached out to a financial advisor and in less than a year I was just $51,000 shy away from $640k which is like 7x more than I make on my own..

@raychristopher7797 4 ай бұрын

@@jesbensommichael8397 I've been thinking of going that route been holding on to a bunch of stocks that keeps tanking and I don't know if to keep holding or just dump them, think your Inv-coach could guide me with portfolio-restructuring..

@jesbensommichael8397 4 ай бұрын

@@raychristopher7797 This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name KRISTIN GAIL CUNNINGHAM and everything changed. I started enjoying huge returns from my investment.

@raychristopher7797 4 ай бұрын

@@jesbensommichael8397 I just looked her up on the internet and looked into her credentials. I wrote her a letter outlining my financial objectives and planned a call with her

@tenjin5586 Жыл бұрын

The key takeaway of this video is, start a company or business that is run by the people that dont have the economic literacy that you do. AKA exploit the illeducated. Become the boss that does not pay a relative fair salary compared to the revenue and profit of the company and the stakeholders.

@bassam_salim Жыл бұрын

If they are happy with it what's the problem, some people don't even care to listen to financial advice and they love their professions or their simple job, let them make you money but keep them happy

@tenjin5586 Жыл бұрын

@@bassam_salim yes that is a posibility, but as the video and the book portrait the work life emotionally more accurate, where often people feel trapped in their job, and fear layoffs. The minimum wage existing also shows us that there clearly is a need for a minimum, because bosses would otherwise go as low as people would accept. this is not good just because people accept it, since the acceptance is not independent from being able to aford basic living expenses. The idea that if people are happy (or more often silent) about their wage, does not mak it ethically sound. If the net profit from my business is more than a 100x the average salary of the non-manegerial staff, im clearly exploiting the staff. i could afford to give them a more fair value for the value they produce with their labor. If companies really made people happy out of solidarity and lack of greed, as the video entails. then in the purest capitalist country in the world: the USA, Things like company provided healthcare, housing, travel expenses, vacation-sick-maternal leaver would all be better funded. but its not, and people are for the majority not happy with their jobs.

@tenjin5586 Жыл бұрын

@@bassam_salim the myth that people are happy with a simple job, only exists when their company pays them well and acomodates for a healthy work life balance. however this does not happen volunterally for about 99,8% of all companies. thus government needs to step in. this means that those who agree with the mantra's from this video ARE indeed greedy and controlled by fear of losing their wealth. after all, what does it take to be satisfied and say "i have enough" if you want we could calculate it ;) the rest of the money you'd have could go to developing a greater world right?

@prod7759 Жыл бұрын

@@tenjin5586 your comments make me doubt if you really have read the book, otherwise you don't understand it. It's funny because he literally talks about what you said in the book. To make your comment short, you're basically saying the rich are crooks. You're blaming the rich for "exploiting" the poor and getting mad at tons of other things. This is literally a lesson in the book. Life pushes you around, it is how you react to it. You either learn from it and get smarter or, like you, get angry at everything and everyone. If you, as an employee, aren't happy with your current salary then gettind angry at your boss makes no sense. I also just don't understand what you're trying to say? Do you want businesses to give their employees millions a year if they convert billions? That wouldn't make sense. Think you need to read the book again and read with an open mind

@Haildarklordvader Жыл бұрын

There is a reason there is no such thing as a billonare that does not exploit

@alexstephanie8051 Жыл бұрын

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it. "You're not going to remember those expensive shoes you bought ten years ago, but you will remember every single morning when you look at your bank account that extra 0 in there. I promise, that's going to be way more fun to look at everyday", I pray that anyone who reads this will be successful in life

@Charles-ew3km Жыл бұрын

@Jamie Janny Exactly ! That's my major concern and what kind of profitable business or investment can someone do with the current rise in economic downturn

@steveashley8260 Жыл бұрын

@Jamie Janny Yeah you're right, that's why I had to start Forex trading two months ago and now i'm making benefits from it now.

@hassangary8961 Жыл бұрын

@Scott Nicole O ' Yes I'm a living testimony of her good work expert Benson Sandra

@hassangary8961 Жыл бұрын

Mrs Benson Sandra has changed my financial

@hassangary8961 Жыл бұрын

status for the best ,all thanks to my aunt

@TorresJuanJose 10 ай бұрын

I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio of $450k dwindle away is such an eye -sore.

@LagerthaJackson 10 ай бұрын

@AnitaCacoa 10 ай бұрын

@SallyW414 10 ай бұрын

@@AnitaCacoa I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?

@AnitaCacoa 10 ай бұрын

@@SallyW414 The adviser I'm in touch with is 'Dawn  Maureen Humphrey, she works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me his strategy works hence my result. he provides entry and exit point for the securities I focus on.

@SallyW414 10 ай бұрын

@@AnitaCacoa she actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing

@junior-gomes3358 Жыл бұрын

That phase “ life is not about How much money you make, It How much money you keep” is totally the truth!!

@Nathan-sq9xv Жыл бұрын

I’m 19 and had a maxed out credit card + 3 loans I never paid I was given this book in august 2022 and I’m now debt free

@elsagrace3893 Жыл бұрын

@@Nathan-sq9xv thank your parents for paying of your debts. Appreciate it. Many parents can’t do that for their children.

@Nathan-sq9xv Жыл бұрын

@@elsagrace3893 ok so. They didn’t pay my debts What they did was this. They paid everything but each paycheck I would get, it would have to go to them. So in reality, I owed the bank $0 but I owed my parents a bit over $2k But I had a LONG talk with them. My mom and dad used to be in LOADS of debt. My dad now works for google but that’s not the point. They don’t want me like how they were I promised myself as well that I’d never be so dumb again

@cyberfx_3604 Жыл бұрын

The two are same bro,you have to make to keep and you have to keep to make more.

@draneym2003 Жыл бұрын

In other words, don't pay taxes by lying, and people who work for you, just don't pay them. Simple.

@manolisgemeliaris6261 2 жыл бұрын

This makes it sound so easy. I grew up in a quickly developing touristic place , and I have met way too many millionaires. They all have 3 things in common. 1. They are negotiating everything , trying not to spend even at others' expense. 2. They all are heirs of millionaires. They just grew up with the money from their parents/grandparents. Even if they started sth on their own , they had the financial privilege to do so. From real estate , to shipping companies to anything. (Bonus, most of these people's ancestors , acquired the money in illegal ways). 3. They grew up in an environment that taught them how to keep making money. (eg. buy a villa to enjoy your vacations, rent it to others when you're not there) Most of the people I know in my life , have their own business. Including my parents. No matter how hard you work and adjust to modern times etc . It's a big matter of luck and timing , to get rich.

@Mr.Potts05 Жыл бұрын

Thank you for the reality check, you're a good man. If all 7 billion people in the world read this book and followed all the steps. We would still be in the same positions because there is not enough wealth to be enjoyed extravagantly by everyone.

@revira77 Жыл бұрын

i dont think the video and the books make it sounds easy, its just the very basic of financial foundation that average people didn't really pay attention, building an asset is your whole life journey, and sure as hell wont be easy, but if you understand what it says in the books/video, at least you wont be poor/struggling financially, this kiyosaki books is the first gate to the world and knowledge of financial literation, you still need to learn a lot

@dissdissdiss7063 Жыл бұрын

False

@Adks007 2 жыл бұрын

Now few people will say: The problem is that, not many people will find a rich dad next door who is willing to teach a son of a poor dad. Robert was fortunate. This is like saying: Huge companies like apple, google and Amazon started from a garage... What's your excuse?? I don't have a garage!! 😂

@mohammedali03 2 жыл бұрын

he didn't have internet.

@seeka4823 2 жыл бұрын

I mean, this is why theres a book...

@fabrilol2756 2 жыл бұрын

That's why he wrote this book.

@dailysuccess.podcast 2 жыл бұрын

If you keep that mentality opportunities won't open up to you since you won't know how to spot them

@fabrilol2756 2 жыл бұрын

@@dailysuccess.podcast exactly!

@Greggsberdard 9 ай бұрын

The information of this video and book has opened my eyes. A severe recession can actually be a good time to buy things in the markets, as long as you're cautious. It can also lead to volatility, which can create opportunities for short-term buying and selling. This is not financial advice, but it's a time when cash might not be the best option.

@lolitashaniel2342 9 ай бұрын

Right now, it's not smart to make quick decisions just because there are chances available. To figure out how to do well with your money, it's best to have a chat with an experienced investment coach.

@Greggsberdard 9 ай бұрын

@@oldcastleswan Can you kindly provide me with the information of your coach as I am currently in desperate need of one?

@VictorBiggerstaff 9 ай бұрын

@@oldcastleswan Thank you for this tip. it was easy to find your FA. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé

@romelange6314 Жыл бұрын

*Well, I never had a rich parents but at least I have Mr GARDNER to TEACH ME.*

@dianebuzz1346 Жыл бұрын

Getting money is an issue that everyone has needs in order to live a better and luxurious life.

@michaelcox4540 Жыл бұрын

@@dianebuzz1346 Not only that.

@stellaward7884 Жыл бұрын

this is not the first time i am hearing about Mr Gardner and his trades exploits but I have no idea how I can reach him, before now

@joanbryan4595 Жыл бұрын

@@stellaward7884 I stumbled upon one of his client TESTlMONIES about SIR Gardner then I decided to try it out ... Now im getting my third cashout in two days

@joanbryan4595 Жыл бұрын

Third winning all thanks to him.

@onlyguitar1001 2 жыл бұрын

Working for someone else is not a bad thing, some people love their job. Owning a thriving business doesn't allow one to escape the rat race, for most people it just amplifies the problem. You're better off just trying to be a deeper thinker and take some acid to escape the rat race. Escaping the rat race is the same as escaping suffering, we need to find value in the present moment and joy from learning and being compassionate.

@slobodankostadinovic8860 2 жыл бұрын

You are 100% right, but Kiyosaki preaches his bull to the people who dream the libertarian self-made billionaire dreams.

@itsbeyondme5560 2 жыл бұрын

@@slobodankostadinovic8860 he didn't. The comments that al stair said mention on his book. It looks like you didn't read the book. You don't have to own a business to escape the rat race.

@jaceybella1267 2 жыл бұрын

Yeah, for someone like me, having a job without health insurance is just a non-option. I don't want to start or own a business, because you can't just put in 8 hours and leave it at that, and my health situation will only get worse if I stress myself with longer hours. I know this because I worked as much overtime as I could muster to afford deposit and rent for an apartment, and I'm still dealing with the consequences.

@yannamaeserdena1757 Жыл бұрын

"BROKE IS TEMPORARY,POOR IS ETERNAL" See the difference and apply it marites.

@billtheman7546 Жыл бұрын

The problem with this book is that it assume people don't need money to live. If your dad is rich, you don't need to worry about food, shelter, and anything else and just try failing businesses until you succeed. When your dad is poor or drop dead poor, you gotta spend all your time just to survive. It's kind of tone deaf to suggest poor people save when they would literally starve if they don't spend money buying food first.

@maccaroni6355 Жыл бұрын

As a grown adult with ADD it’s hard to read and stay focused. Visuals like this are by far the best way for me to learn and understand! Would love more content like this! Thank you🙏🏽

@KarlSenkerik Жыл бұрын

I also have ADD i listened to the book but sleept for maybe 1 hour of it but still got alot from it

@emmacreativenature195. Жыл бұрын

Excellent content

@benno8622 Жыл бұрын

I can suggest to meditate, it's hard ik but the point of meditation is when thoughts arise to ignore them and focus on ur breath. By meditating often u will automate this more and more, u will be able to use this way of putting thoughts away while reading aswell

@draneym2003 Жыл бұрын

You sound weak, like poor dad. Because all that success takes is just believing simple answers to complex questions like the book suggests.

@jenniferdavis2110 Жыл бұрын

ADHD for adult I believe

@morenahlatshwaya8067 2 жыл бұрын

A lot of the millionaires are heirs. Real selfmade millionaires are investors . And there is nothing like luck but taking risk and timing included. And you need a some education. To become a millionaire by yourself should not be a goal (depends on country) because its just out of reach.

@hussainisalihi1537 2 жыл бұрын

you're right, but any Investment without a proper guidance and experience is suicidal

@futurnekedesin9172 2 жыл бұрын

@Funmi Tejeey You're lucky I Lost 10,600 dollars trading with an unprofessional trader.

@futurnekedesin9172 2 жыл бұрын

can you teach me and what's strategies do you use?

@futurnekedesin9172 2 жыл бұрын

@Funmi Tejeey Thanks, I will do just that right away

@cedricjiosh6935 2 жыл бұрын

Obviously often times we just look for what to invest in and usually encounter these problem. It's either the money is too huge for what I want to invest or it could require more than expected

@Raymondjohn2 11 ай бұрын

These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.

@Oly_laura 11 ай бұрын

Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.

@martingiavarini 11 ай бұрын

Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $21k ROI, and this does not include capital gain.

@hermanramos7092 11 ай бұрын

@@martingiavarini Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.

@martingiavarini 11 ай бұрын

@@hermanramos7092 I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance wealth managers you could check out. I have been working with “Catherine Morrison Evans” for about four years now, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her.

@hermanramos7092 11 ай бұрын

@@martingiavarini Thanks for sharing this. I did my own little research, and your advisor looks advanced and experienced. I wrote her and dialed her twice but she didn't pick up so I scheduled a phone call.

@Yes-K2009 7 ай бұрын

Just imagine a random guy who doesn't know English, and turns on captions 👁️ 👄 👁️

@RIRIani 2 жыл бұрын

I personally believe and agree for almost of this books content. But poor is a complex situation, especially the structurally poorness. Even if you have this kind of mentality, some people really didnt even get the priviledge to try in the first place.

@teistensean7227 2 жыл бұрын

True i work 9-5 and could barely even save 1k$ after 1 months lol. My investment? Crypto lol, you could say the one who selling the shovel is giving more money than the freaking gold i am holding haha 🤣.

@jmonie02 2 жыл бұрын

or people with disabilities

@MrLolzieboy 2 жыл бұрын

@@teistensean7227 1 K a month after a year is 11-12 K in a year. You just gotta start grindin first and then start investing.

@ronjosolis4413 2 жыл бұрын

@@teistensean7227 i started a 1k business. In just a year ive earrned almost 20k. Now im expanding :) Never give up and open your eyes for opportunities. Still have a day job from 8 to 6pm :)

@nemtbackagian7189 2 жыл бұрын

@@ronjosolis4413 what business

@emilyjacobsen9955 Жыл бұрын

I recently inherited over $1 million. I REALLY need to make this money work for me, and not just disappear over time. I've been scrambling for somewhere to put the money, where I can make an effort to use the gains to pay bills so I can quit my job . All roads have pointed to the financial market of some sort which is a good idea buh where else should I put money besides the financial market? We have a 13% RPI rate so cash is tough.

@svengrot7943 Жыл бұрын

Yep great question and that’s always the one - where would you rather be if you have an option. Personally I’m always invested aside from a small emergency fund. Financial-market for me seem the only way forward with my long time horizon (accrued over $200k in gains since 2020 ) but if you don’t have that fortune of time it’s a tough market out there almost nowhere feels safe! . Just know the risk you're comfortable with . Mistake is expensive

@kansasmile Жыл бұрын

@@svengrot7943 very informative, one option I suppose is, if you were to invest a set amount buy the whole share in a ETF and the remainder could go into a index for which would allow you to purchase the fractional shares, is that an option?

@blaquopaque Жыл бұрын

@@svengrot7943 You inspire me, over $200k is a milestone, how did you achieve that? I guess you have a proven trading strategy that you've spent a lot or willing to spend a lot of time crafting and testing.

@svengrot7943 Жыл бұрын

@@blaquopaque Lol, I began with a fiduciary portfolio-advisor by name *Katherine Duffy Burke* . She’s sec verified and an ISDA member . Her approach is transparent allowing total ownership and control over my portfolio and fees are very reasonable in comparison with my ROI.

@svengrot7943 Жыл бұрын

@@kansasmile they are platforms like Invest Engine and Trading 212 do allow fractional ETF buying so they can solve some of the problem for you :). In the background they have to buy full shares, but they let you buy them in fractions.

@fretnot383 Жыл бұрын

God forbid that my son may not only call another man Dad, but also refer to me as his Poor Dad. So far he has three rental properties he will inherit.

@GusBrunson Жыл бұрын

This book is so interesting, because according with Robert Kiyosaki, you can do anything you want in your life, anything.... EXCEPT join a Union. His hate for unions on his book, borders the psychosis. And on the top of that, his best advice to make money is simply to prey on people who are about to lose their houses due to foreclosure. Which is basically what every shark out there does to earn a living.

@123shotas Жыл бұрын

Basically be a scammer, seems like he says don't pay taxes too 🤣

@WOR159 Жыл бұрын

@@123shotas Isn’t that your goal as well? Be a person you hate now that doesn’t pay taxes. Shi i see it as a challenge. I want to get to that point were i can financially say fuxk you to the IRS. I believe this should be everyones goal. Instead they become filled with hatred and get distracted from the real goal!!! Make money work for you!

@TaShaBeNz85 Жыл бұрын

I’d like to become rich without preying on ppl who are about to lose everything… it’s hard out here for a pimp

@Karynthian Жыл бұрын

If your plan is to hold on to your current job while earning a pay you're barely satisfied with and spending it all every month on expenses, by all means join a union.

@sarahwc.6836 Жыл бұрын

He actually recommends joining unions if you are an employee. As a business owner, you don't want your company making one. It's simple math.

@tenjin5586 Жыл бұрын

4:00 "The wealthy see it as an opportunity to learn" the wealthy dont work hard from a young age, those who do are the exception and are pushed by their parents, knowing very well that if they quit they have a savetynett (their parents) and thus they have the recources to make mistakes, in business ventures and in work. For those who learn (minority) and those who dont give up (minority) they still use their priveliges and het further with the same work. if my dad was rich, all my work as a teen, all my ideas, would have gone into a plan to exploit that effort and creativity for monetization. the poor never give up, if they do they become homeless within a month or die. there is no imaginary "Option" to give up.

@kentlent7409 Жыл бұрын

facts!

@Canadish Жыл бұрын

It's an old criticism of the book. It's an important cavite when considering people may read this stuff and judge their own worth or their parents decisions, but the reality of the statement is true, the privilege of being able to view work as an opportunity that way is a huge benefit and is important to success. Even if you are broke, it's good to try switch the mindset to review the drudgery and see where value can be gleaned from your invested time beyond the salary.

@AuthorityCat Жыл бұрын

@@Canadish Yeah this is the way to look at it, ignoring the author or any get rich gurus on KZfaq who think they know what everyone needs to do. On a small scale, yes, you should make smart decisions about your finances. But on a large scale, capitalism is a tower and a tower needs its base. Only a few will ever reach the top while the majority remain at the bottom. No get rich scheme will ever change how capitalism functions and the inherent unfairness of who gets to climb to the top.

@jenniferdavis2110 Жыл бұрын

lol SAFETY NET, PRIVILEGE

@alextoukam5425 2 жыл бұрын

Marx you my friend are the best!!! Clear cut, concise and precise. Thank you so much for your time and effort to provide us with the best content. Definitely can't wait for part 2 and wish you would make the same for other popular self-improvement and financial literacy books. Be blessed!

@businessminded22 Жыл бұрын

This book inspired me to become an entrepreneur one day when I was in my 20s. It has also inspired me to read similar books. Your videos are professionally produced and highly engaging.

@BeaverAchiever 7 ай бұрын

So encouraging! Good luck! =)

@yoonjissi3184 Жыл бұрын

6:24 that's the biggest MYTH, and Kiyosaki knows what he's doing by re-enforcing it. It IS about how much you make, frugal living and skipping the occasional coffee won't EVER make you rich. The RICH want you to believe it. When you try to SAVE, you end up being comfortable in the job you already have (maybe a dead-end one), instead of being dissatisfied and looking for better options. I went from trying to save every penny to thinking of ways to increase my income by diversifying income streams. Worked out a lot better )) Seriously, instead of penny-pinching, think of your strong skills and how they can earn you money (active, passive doesn't matter in the short run).

@helldog9402 Жыл бұрын

Facts

@JadensWisdom Жыл бұрын

That’s one way to look at it, the way I see it is it’s telling you that the more important thing is increasing your profit or how much money you get to keep from something

@fhazii...7941 Жыл бұрын

That's not what he said. He said it's not how much money you make it's how much you keep. When you have an asset over a liability, the asset brings more money in (keep) while a liability is a loss of money. Having a liability is essentially the same thing as spending money, even though you are not actively scanning your card to spend money. That's what Kiyosaki meant by that quote.

@istoppedlaughing5225 2 жыл бұрын

Two types of people become rich 1. Work hard and smart 2. Teach people/Sell books on how to be rich

@nihalarya9791 2 жыл бұрын

wa hat a poor mentally!

@mochachino56 2 жыл бұрын

C A P I T A L I S M

@istoppedlaughing5225 2 жыл бұрын

@@nihalarya9791 what a rich mentality 😂😂

@Sepharess Жыл бұрын

A house is a great investment: especially if you're going to live in it. Don't let this book tell you otherwise. Unless you have a free place to stay with all comforts you need or need to be constantly on the move/travel, it is usually better to buy than to rent. In fact, where I'm from it's cheaper to do a monthly payment into your mortgage than pay rent (even when you factor in all the taxes and maintenance costs). This money will eventually get you an asset that this book tells you is useful because you can house a tenant who pays you on a monthly basis.

@tank7474 Жыл бұрын

In the Netherlands you can subtract your monthly mortgage payment from your taxable income making it even better

@PatrickLloyd- 6 ай бұрын

Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market.

@mikeroper353 6 ай бұрын

Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.

@PhilipDunk 6 ай бұрын

The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

@hankmarks69 6 ай бұрын

@@PhilipDunk that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you.

@PhilipDunk 6 ай бұрын

My advisor is “Vivian Carol Gioia” highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..

@hankmarks69 6 ай бұрын

@@PhilipDunk Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

@Tywell96 Жыл бұрын

Lets all take time to appreciate the video edit and transition every detail was presented very well! Good job!

@kaypeeoh2781 Жыл бұрын

My reflection after watching this video (didnt read the book): different people have different priorities. This book's wisdom focuses on money and money generation which is good wisdom. How much to apply to real life while actually enjoying real life is for one to discern and balance. Sometimes, not building assets can be such a relief and net much much more.

@The_Queen_of_Hell Жыл бұрын

How are you even gonna do that without money? The point is to grow your money until youre financially stable enough to afford that expensive vacation and continue your life afterwards without needing a loan or cut things out of your life

@KacperGodfather Жыл бұрын

@@The_Queen_of_Hell if ur not born in rich family already, even if ur sucessful from nothing, by the time what you say happens u will be 50-60 years old and i dont think those are the best years to make use of that money

@zoeanaam.6996 Жыл бұрын

@@KacperGodfather exactly

@dasamusasuperaffiliates6401 Жыл бұрын

( what you just said is a middle class mindset) You will need to sacrifice and build an asset Let your asset pay for the vacation and other liabilities.

@theelitelance7586 Жыл бұрын

Literal poor mentality You were born to be poor if you think like this If you want balance and enjoy your life everytime, you deserve to be rich

@feedweeb8856 2 жыл бұрын

Saving in real estate is actually one of the few things the "common" people do right for building wealth.

@soliddrake7575 Жыл бұрын

This book feels like it was written solely for people that just won the lottery. It’s like “I know you’re poor, but if you were rich you could buy an apartment complex and make money from that” Cool, I’ve gotta pay my bills. Should I sell all of my possessions quit my job and live on the street until I start a successful business. Oh I forgot banks won’t give you a loan unless you have a job.

@waynechartsky7216 Жыл бұрын

Word I noticed that too

@Downtime_videos Жыл бұрын

All these people who sell these books and courses are all scammers! That’s exactly how they continue to stay rich, by selling you just those things lol

@CC-nn8bs Жыл бұрын

Kiyosaki is a grifter lol

@MrDraganceee Жыл бұрын

Keep paying bills but pay yourself first

@magicmoosePRIME002 Жыл бұрын

All you need to do is write a bullshit book with vague bullshit ideas that people find desirable. Then sell it for profit. That's the secret to getting rich with capitalism.

@jonaw.2153 Жыл бұрын

This book helped me make the best decision I've ever made: I stopped being poor! It works guys, just be rich!!! I remember reading this book. I found it arrogant at times, out of touch even. I understand and try to apply the lessons learned in this book in my daily life, but that doesn't mean the key to success is to just decide not to be poor. Great video however, really enjoyed it. Beautifully presented too!

@digamveersingh1711 Жыл бұрын

What do you think about a doctor who works as hard as employee but earn as much as businessman Will you consider him businessman or employee??

@jonaw.2153 Жыл бұрын

@@digamveersingh1711 I suppose it depends on the context really. I know of doctors who work independently and those who work under employment in a hospital. Either way, according to this book they'd still likely fall into the "poor dad" category, which is another one of my gripes with it.

@ginamaeve6543 Жыл бұрын

Thank you for this!

@luvsuneja Жыл бұрын

@@jonaw.2153 Yeah pretty lame. By that logic a Google Engineer making 300-500 K would be poor.

@AscendedStark 2 жыл бұрын

Money should neither be treated as "Too Good" & nor as "Too Bad". It's just a Resource. The more you have, the more you can spend. That's it. It will keep you Humble, away from Greed & even from Poverty ! 😊 Enjoy the Life, while you still have it 😉

@jmonie02 2 жыл бұрын

yea, i dont like this book. How bout just be wealthy to take care of your family.

@razor-wd2pc 2 жыл бұрын

Then stop crying about being poor and not having money.. the government is never going to help you ☺️

@alfimaulana3440 2 жыл бұрын

It's fine to works for someone else, as long as you enjoyed that. Not being rich is not bad, as long as you are satisfied with what you have.

@MartynasPakalnis 2 жыл бұрын

@@jmonie02 as well , its not for everyone, if everyone buy assets like apartments for rent , who will rent them , who will work everyday jobs, how many people need to run every day live around as?! Everyone richer every day?! Really possible? How many of your salary and how long need to save money then someone let you have right to rent to someone?! Are someone thinking about 7 years after that you can start have second home to star rent?! And so on , it’s not so quiet quick as someone want to show , I think..

@petekdemircioglu 2 жыл бұрын

Money is a symbol of Whats behind it

@oz2112 2 жыл бұрын

I read this book soo long ago and seeing everything laid out in a visual diagram works really well for me. I would love to see more of your content like this! Thank you .

@videohut4445 Жыл бұрын

This book changed my mindset about business, money, debt and taxes. Life-changing information inside this great book. Such a shame this information will never be taught in schools.

@stamatimarlon6340 Жыл бұрын

It’s taught in business schools. But business schools cost a lot of money

@archravenineteenseventeen 11 ай бұрын

@@stamatimarlon6340because they do the rich dad

@maungmaung4164 7 ай бұрын

The world needs various professionals! All have their own specific values! All people should not be determined only by Rich and poor!

@Eaglemadhatter 11 ай бұрын

Laying here with my dog on my day off makes me wealthier then most on this day

@jsuds9114 Жыл бұрын

Best summary of the book I have seen. Awesome work. Just starting to learn this KZfaq thing myself. 👍👍

@UNSTOPABLExPANDA 2 жыл бұрын

After years of depression I’ve finally learned my life purpose! Im meant to break the generational poverty and misfortune of my family and ive been diving heavily into learning as much as i can about being successful. To anyone reading this I wish you the best luck in your journey

@brigadegamer9403 Жыл бұрын

how are u doing right now

@NNA1984 Жыл бұрын

I don't wish you success or wealth, but I wish you happiness.

@thelastroman7423 Жыл бұрын

You got this bro!

@calopsita4465 Жыл бұрын

i wish u success and wealth happiness will come

@mohitranjan9080 Жыл бұрын

We all are in same journey.

@ananya1384 2 ай бұрын

I read this book last year, haven't come accross a better detailed summary than this video. Good work!

@davidOmoL Жыл бұрын

This is a well detailed and informed video. I'm here to learn how to invest after listening to a guy over the air talk about the importance of investing and how he made $410,000 in 5months from $180,000 startup. 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

@lampwhite8855 Жыл бұрын

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

@sambrambilla3524 Жыл бұрын

We need to act consistently as investors and not as a speculators on the market if we look forward to profiting from the market

@toralayous8500 Жыл бұрын

Having monitored my port_folio performance which has made a jaw dropping $370k from two quarters alone, I've understood why experienced investors make enormous returns from the market

@davidOmoL Жыл бұрын

Interesting, I have a lump sum doing absolutely nothing at all in my bank account, I wanna get something started with it. You seem to be doing excellent for yourself. Do you trade on your own?

@toralayous8500 Жыл бұрын

I'm trading with Expert Mrs Denise Mitchell, a FINRA regulated broker. Met her sometime early last year at a startup funding event. She had some interesting things to say about the state of algorithmic trading today, very obviously, it's reflecting on my portfolio

@nicolasmacias5218 2 жыл бұрын

Ive listened to the audiobook twice and read the book. I do have to say this is one of the most accurate summaries. My only criticism is the sound fx are way too distracting, i personally think it would be better with just your voiceover

@marciasumire9924 3 жыл бұрын

Hi Marx, the most useful thing in these videos, what I like most, is your clarity of mind. This clarity is reflected by the visuals and how you organise them on screen. As well as your comments. By the way, I like that you mention your opinion sometimes, as it shows you are committed to the overall subject of self development (identification with the reader) and that you mention other useful books and authors.

@lalalola230 Жыл бұрын

2nd part please

@amyprunty712 Жыл бұрын

I absolutely LOVE that you made this amazing video!! I have know about this book and have read a little but you really have done an amazing job of creating this visual summary of the concepts in the the book!!! I cannot wait to see the second part, hopefully it is already available because I guess this video is 2 years old, well you are very talented and should be very proud!!

@emotenshi Жыл бұрын

we should respect the fact that the videos he makes are almost the perfect ones we all seek.

@marciasumire9924 3 жыл бұрын

Please, we`d like to see the second part of this video. Thanks. Please note there is higher demand for your service with the pandemic!

@VikingTeddy 5 ай бұрын

When out of touch people give advice on subjects they have no inkling about. Poverty isn't a choice, neither is getting out of poverty.

@raymundsimangan568 Жыл бұрын

It's been 3 years and I'm still in chapter 7 of the book 😁 Good thing I came across this video. I used to be obsessed with learning technical skills as an engineer but things have changed especially when I opened a small F&B business in my hometown during the lockdowns.

@boboiboy9350 Жыл бұрын

is it better now that youre shifting your career on F&B business?

@LearnTubeAF 10 ай бұрын

I finished 70 pages in one day because it was soo 😌

@quinnscot5027 Жыл бұрын

Yooo we need that part two man! Illustrations are great: interesting, creative and actually assisting and you’re presenting all the information very well too. Good job! Where is the second part though 1 year later 😬

@isaacgonzalez4743 Жыл бұрын

Let me know when you find out haha I just watched myself 💪🏽

@arrowai Жыл бұрын

same here 🤝

@isadora1727 Жыл бұрын

Same

@kokoskokso Жыл бұрын

Same here, we need part two! Awesome videos btw, I'm hooked!

@project2395 2 жыл бұрын

I recently discovered your channel by accident and your content blew me away. I'm a visual learner so the way you structure these videos and animate them is just so catchy. It's like you're watching an award winning tv-show but you're actually gaining so much from it. You gained a new subscriber for sure! Keep up the great work and I can't wait for you to drop part 2! ;)

@unapologetically_lupe 2 жыл бұрын

Thank you so much for this video! This book has been on my list to read and I finally got around to the audiobook. I still plan to get the book and read it but this video helped out immensely! When will part 2 come out!? Can't wait to see it! You have a new subscriber!

@SoarAboveMarketing Жыл бұрын

Fantastic breakdown. Honestly, very well done: so easy to follow, so simple to understand, so enjoyable to watch. Thank you!

@stephaniestella213 10 ай бұрын

Kiyosaki as my late husband would say have achieved an incredible feat in the stock market. He turned thousands to billions, and have made a lot of people wealthy in the process. 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.

@alexyoung3126 10 ай бұрын

For the average Joe, however, I think it is just best to invest 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.

@joesphcu8975 10 ай бұрын

I agree with you, it has been so much of a hassle since the pandemic. 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. The role of analyst can't be denied.

@lawerencemiller9720 10 ай бұрын

I think this is exactly what i should do now before i retire in 3years. Please let me know your investment adviser's name and how i can reach he/she? Does she work for foreigners? I live in Quebec, Canada.

@joesphcu8975 10 ай бұрын

My advisor is “Helene Claire Johnson”. She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision. I basically follow her trade pattern and haven’t regretted doing so

@lawerencemiller9720 10 ай бұрын

Looked up her name and her website popped up immediately, interesting stuff so far, about to schedule a session with her.

@IwanPieterse-iwanzbiz 2 жыл бұрын

This is the best summary of this book I've seen yet

@pulsarhappy7514 2 жыл бұрын

What you can get out of this is : « oh it’s normal to be exploited, if you don’t want to be, exploit others ». Nice.

@sheilaannah1337 Жыл бұрын

I love love loooove this concept! It all goes back to how we think and the power of our mindset. I think this book goes so well with "Greater thinking = Greater living" by Sheila Shanny. We can use this information to set ourselves up for success. I'm sure you'll love it!

@BLOXKAFELLARECORDS Жыл бұрын

*I'm rich*

@Amberb2190 Жыл бұрын

Thanks! I read this a while ago and I am happy that you just simplified it for me to watch at anytime.

@iivaan94mf 2 жыл бұрын

The video and the summary are great. However the views of this book shock me as very simplistic. For a first touch ever on financial concepts is ok, but the approach with the rich-poor dad is disgusting. It explains the "trap" of the capital but the tone implies the poor wants to stay poor. Yeah, Food, Clothes, Housing are expenses... but there is no workaround. Instead of paying my house with a mortgage I should try to rent it... Good advice, if I have anywhere to live! It's just too plain, I understand it is an overview and I see why someone who is not familiarized at all with Liabilities/Assets or Balance Sheets, can like this. The main factor the book is missing is the saving capacity of individuals. This cannot be applied by poor people because they do not have enough margin to profit from their money! For a middle class worker with a decent enough salary some ideas can be useful. I genuinely don't understand why this book is so famous. Anyway, thank you for the video! I always had curiosity about the book and honestly, you have saved me some hours!

@Public_waste 2 жыл бұрын

@Ivan well said! Very reductive analysis from someone who is already quite wealthy themselves. Additionally, telling people that creating a KZfaq channel is a viable form of wealth generation is asinine. It works for a few but having a youtube channel that "earns money as you sleep" is about as likely as playing pro baseball.

@Jay9966 2 жыл бұрын

@@Public_waste its basically a roundabout way of saying "if you poor, get money, if you jobless get a job" lol

@rukaiya8706 2 жыл бұрын

@@Jay9966 it also focused to say to do business & invest rather than getting a job only

@ibr2158 2 жыл бұрын

He is talking more about the mindset. Poor mindset and rich mindset, which is very necessary to generate earnings.

@earl5954 2 жыл бұрын

@@ibr2158 i have the "rich" mindset, yet i still remain poor. which proves that just having the rich mindset doesn't automatically work. it's even harder for people who are in 3rd world countries. when you're poor you cant just avoid liabilities and that is most observable to those who have to start their life from scratch/fundamental because their family wasn't able to. while i understand the point of the video/book. it really isn't just for everyone.

@theoneblackzer0744 2 жыл бұрын

You are literally one of the most underrated KZfaqrs here. Your videos deserve more than a million likes

@sm-65datlas23 Жыл бұрын

I hope you'll be able to upload Part 2 of this summary. Your mind maps help a lot.

@ynanacion8776 Жыл бұрын

very detailed and loved the visuals. I’ll be waiting for part II❤

@SilentSpeak Жыл бұрын

Dude, your voice sounds so intelligent,inviting,educational and even optimistic despite the grim reality of subject/s at hand, I have no choice but to want to learn. Good job man

@0TheDoll0 2 жыл бұрын

this is so good - looking forward to part 2!

@aakancha456 Жыл бұрын

Thank you for the lessons,loved the way how you present every lesson visually 😍❤

@El-run 11 ай бұрын

My dad is making me read this book. So I I just watched this. The cartoons help me understand better than words on a page thank you soo much

@NobodysFaultPodcast 2 жыл бұрын

I enjoy your work. Very well done! A new subscriber. I studied graphic arts in the early 80s before Adobe and the PC or smart phone. Wow you work is so inspirational it makes me want to get back into graphics. Your work at this will pay off. Luck is what happens when preparation meets opportunity

@derekgaudet8777 2 жыл бұрын

Looking forward to the release of the second part. When could we anticipate this?

@garrettpatten6312 6 ай бұрын

The music during the part about having to pay taxes 😂😂😂 perfectly set the mood

@krebituru Жыл бұрын

The different between a rich man and a poor man that a rich man doesn't pay for others , others pay for him . A wise man said

@huseyinserhanhuthut8137 2 жыл бұрын

Great job! I can not wait for the second part of the detailed summary of Rich Dad and Poor dad and also interested in translating and publishing it in my mother tongue Turkish and German. Wish you the best!

@felixkwesiyeboah1858 2 жыл бұрын

Yes I wanna get him outta bottle. Please can't wait for part 2. I've never understood this book the way you've explained it. Thanks so much. This is amazing

@ManeSays Жыл бұрын

Same here

@EvilNeonETC Жыл бұрын

Lesson 1: What makes us different is knowing *exactly* why we are working and what we want. Sticking to a plan so that not even the hardiest salesman can deviate us from the goal.

@rineilperez1633 2 жыл бұрын

One of the biggest paradigm shifts I’ve gotten was after finishing this book. Great summary - saved me some time rereading while at same time great reminder for new year to buy assets, NOT liabilities.

@islandsfuldkorn 2 жыл бұрын

No. You and the author Robert Kiyosaki are wrong about assets and liabilities. Robert doesn't understand these terms. He changed the definition of them. Your house is an asset, and the mortgage is the liability. Assets are anything that represents some kind of value to a business or a person. Your phone, your clothes, your car, your glasses, your computer, your oven and your home are all assets. That is the definition of assets. These assets are financed either through equity (Money you own) or through loans/debt. The loans you have are liabilities. Not the things that you got the loan for. Those are the assets. You shouldn't get your knowledge about finance terms from this book, cause the author Robert doesn't know the most basic terms within finance and accounting. The definitions of these terms don't change just because you or Robert wants them to. And by the way, getting liabilities can be a financially good thing, if it allows you to get your hands on an asset that pays more than the liability costs. But again, you can't actually buy a liability. That is not possible.

@RichPlusHappy 3 жыл бұрын

Hi buddy, great work and amazing effort! Hope this will get watched much more

@escaping.ordinary 3 жыл бұрын

Hi RichPlusHappy..... Thankyou for leaving a comment :) appreciated

@catalinjarlaianu 9 ай бұрын

Great content! These books are legendary, but your videos are celestials! You cover all the important aspects of these books! If you can do pshycology of money, that will be ultimate! Thank you for all your hard work!

@emilyoakland8419 Жыл бұрын

It is better to invest now. You will never be younger than you are today and there will never be a perfect time to invest. Due to compounding, which Einstein called the 8th wonder of the world, you can get rich slowly from investing if you do it from a young enough age.

@kolarenbio7317 Жыл бұрын

Investing in cryptocurrency now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today

@liveayoya2119 Жыл бұрын

I'm trading with expert Mrs, Bonnie Berville , a regulated broker. Met her sometime early last year at a startup funding event. She had some interesting things to say about the state of algorithmic trading today, very obviously I'm seeing the results.

@zealghay4009 Жыл бұрын

I heard a lot about Mrs Bonnie Berville and how good she is, please how safe are the profits?

@yhaykhay3450 Жыл бұрын

Wow I'm just shocked you mentioned and recommended Mrs,Bonnie Berville thought people don't know her..

@ljanray4770 Жыл бұрын

I have also been trading with her, The profits are secured and over a 100% return on investment directly sent to your wallet. I made up to $360,000 in 2months trading with her

@benediktwalch1605 2 жыл бұрын

I really like how much detail you put into animating !!

@alfernandes6444 2 жыл бұрын

So most of this is circling a constant mentality of 'what or, more terribly, who can I exploit'. It requires someone down the 'rat race' line to work. This is capitalism. That's all. All you have to do is think you are more, or should be more, entitled than others. This is a rough book, especially if you didn't start out middle class or with a friend who lets you into his middle class house.

@alfernandes6444 2 жыл бұрын

Are you just not supposed to live somewhere? Not having a rough over your head is definitely a fiscal liability. This book assumes you pay 0 dollars for where you live at all times I think.

@jaceybella1267 2 жыл бұрын

@@alfernandes6444 it's so baffling like. "Owning a home is a liability, renting a property is an asset." Okay cool! You still have to live somewhere??? "Income for poor/middle class flows directly into expenses and liabilities, when it could go into assets." Awesome! So how do I stop having to pay for those expenses? I don't think the mindset it describes is necessarily bad or incorrect, but there's nothing offered as a solution if you're starting at that poor place

@tomashruby9349 Жыл бұрын

@@alfernandes6444 God forbid you have any other needs that you need to satisfy in order to keep the little income you have.

@adenovarian7333 Жыл бұрын

i've read the book and i think the book is doing an amazing job about teaching principle and integrity, really help when i feel lost

@mathnik5 Жыл бұрын

The visuals are brilliant and very engaging. I wonder how many hours the creator has taken to put this together. Great job!!!

@AstralCommunityMC Жыл бұрын

@nicholascowling7052 Жыл бұрын

Rich Dad Poor Dad: Fail your way to success by conning others. I have no doubt that this man has helped some people, as very evident in any of the events you attend or from the books that you read. But we also don't hear about all the failures, about the people who lost money thanks to this man, or instead the blame is placed upon the individual with none for Kiyosaki. Not to mention, his advise and the people that have followed his advice have played a part in leading us to the financial housing problems we have today.

@FrozenVictory Жыл бұрын

Rich dad: becomes a landl*rd

@vuthanhlong216 Жыл бұрын

@@FrozenVictory take the land so people have to pay to live :) rich dad: you have lots of money (which i give you) so money will work for you. poor dad: you have nothing (cause i have nothing too) so find a job :) the key it's to be born in a rich family and so on :)

@kunaldhadse7722 Жыл бұрын

Financial Housing Problem that we have todays is caused by people doing exactly opposite of what Kiyosaki tried to teach. You clearly have no idea what you are talking about.

@ArnisGoldberg Жыл бұрын

@@vuthanhlong216 No it isn't. The key is to seek knowledge and think like a rich man. So what you lose money, everybody does starting out. As someone who's attempting to follow this book starting from a poor family, it's not about how you start although a rich start gives you an advantage. The key is not to be born physically rich, or even be born mentally rich. The key is to LEARN, have an open-mind with things and be creative. Take a look at everything you do, see what you can make money from and TRY. I wish you the best of luck in whatever you do in the future.

@ArnisGoldberg Жыл бұрын

@@FrozenVictory Why are we censoring the word "landlord" ? I don't get it, is this a new trend or something?

@abuh.dahdah 2 жыл бұрын

this book is only applicable in U.S. if you are living in south east asia, the best move is to become a gov't employee (having many under the table income + pension when you grow old) that's how they do it in SEA.

@slobodankostadinovic8860 2 жыл бұрын

Don't fret, this book isn't applicable anywhere.

@sm-65datlas23 Жыл бұрын

Please continue summarizing books, it's very helpful