@HandsomeDee92 - he IS a genius. His genius is explaining these concepts in a manner that the average poorly-educated American understands. Unfortunately, he cannot say anything that will cause people to develop self discipline to put these concepts to practice. Of course it is common sense once it is explained to you, the trick is getting people to listen...
For a real opportunity to earn GOOD money email me at: foster_236@hotmail.com and I will send you an Eligibility Form for you to fill out. If all is well then you can start working on my team ASAP!
loading business still the best!no need to change your lifestyle,no change brand,etc!!!di na kelangan xplain pa ang products...for details call or txt 09154114186/09332706479 or landline 2183802..i can give good deal for networkers....:-) peace!!!
If only it were this simple! I work from home and actually do make good money but I work hard. If anyone is interested in a REAL opportunity to make good money by working hard then join my team! Just email me: foster_236@hotmail.com or skype me for a chat on: anthony62155.
Also, my mutual fund company only takes 0.23% of my returns. What is he taking about with this 80% talk? 99.77% of my Roth IRA returns will go to me, not 20%.
I understand where he's coming from but I disagree about the long term investing. The Roth IRA is the only long term investment I am for though because it's 100% tax free growth/returns (once your 60) and all I'm paying is my income tax when I put it in. The thing is, I can have a shit load of money with just outing a little but in right now. It doesn't have to sit in one mutual fund either.
The point is you aren't getting any value from those savings via cshflw(rent), and the value is constantly eroding via inflation. Rent is how bankers get rich they RENT their money to borrowers landlords RENT property to renters this isnt hard; how come you cannot grasp the concept that they WOULDNT BE AROUND IF THEY COULDNT RENT THE MONEY FOR WELL AHEAD OF WHAT THEY ARE WILLING TO PAY YOU???
I love it though;one home already owned outright(with low taxes) and 2 pos cashflow props @ 29!!
@zaxx19 Good for you, you should be proud... unless they're like 50k properties or something but I got into the market at a great time, when I was 21, after the melt down and I enjoy the comfort of knowing that I'll have a hefty retirement fund in my sixties if all else fails - even without matching average historical returns. This doesn't mean I wont own investment properties or businesses.
@AmericanCritiquer It still doesn't change the fact that you have no investor controls over the Roth. You are assuming that your 401K will not become a 201k or a 101k. If inflation for example were to double or triple this year or next as it is fore-casted all that money and effort you spent towards your retirement would be null. Next, the early withdrawal penalty is 10%; additionally it may be subject to the same level of tax as your income. Last there is a limit to how much u can contribute
@equanimousgray I don't have a 401k and don't plan on having one. I also control all of the different investment classes inside of my roth and can withdraw anything I put in it at any time without penalty. You don't invest in the stock market at all? The last two years have been one giant bull market you missed out of if you didn't and there is no way your money put to real estate could have outperformed it. I own a lot more stock outside of my roth than in it that I'll be paying 15% tax on.
Magic purses which works already 6 months doubles the sum of translation. Only I want to pay attention time of answer from 2-3chasov approximately.. Here purse :
Z 158307892486
Z 662454991594 to translate from 2 to 100$ will go back into 2th multiple size of Z 565833286186
R 419855950224 to translate from 10 to 500r will go back into 2th multiple size
@22utoo A renter has to pay you rent every 30 days. So you get a return on your investment every 30 days. Your mortgage may be 500 but you charge your renters 900 a month. You make 400 profit each month. Vs. Selling the property for a one time lump sum.
He doesn't explain why someone investing in Mutual Funds is only receiving 20%. He also doesn't explain how he has to pay taxes on the rent that he earns unless you don't have to pay taxes on income received from rent either under "earned" or capital gains.
@jt8025 because his properties are owned by LLCs. These legal entities have special tax benefits that defer tax payments or eliminate them all together via tax credits and tax write offs.. For example, forced depreciation or phantom cash, etc.
@jt8025 he is so wrong about renting properties. the money of 2 rents does not help you build 2 more houses and live comfortably in anyway. with 2 rents you live comfortably but you never expand. not in a million years.
Every constructor would do that. he would rent his properties and expand indefinitely.
@bookskamaki have you considered that since he buys prime apartment building properties in prime markets the equities for those properties will increase?? , and that he refinances his mortgage so that he can borrow the equity tax free so that he can use it as a down payment for another apartment building, and repeat!..lol.. if you know what you are doing and if you read his books, you could do this too! Anyway, rental income is one of the most stable and fixed forms of income out there
@equanimousgray , Not everywhere. Now here in Greece, i you can find easily a cheap place for your business. Because of the crisis. Myself have a property for rent, i do not have a job , and i cannot go and open a business because the taxation is so heavy that you finally work for a big bank outside Greece for 10-15% profit!!either you borrow, either you pay taxes and the money goes to big bank , either way you are employee for the banks who print money.!! that sucks
@jt8025 read his books. He will not purchase a property that is not in a prime market or that does not attract tenants. That's all part of due diligence doode!
Selling oil? I would like to hear more about that, when oil was up there at $140 you would need a lot of conviction to short it - what if it had kept going up even further than $150?
His methods do work but it's difficult to accumulate a large amount of capital to start investing. For me it's a slow and gradual process of accumulating wealth.
@fordeee2000 Thats what im trying to get over. He keeps talking about failing and trying again. He keeps talking about learning. But those mistakes cost you big time!. you can go bankrupt if you fail in buisness, whos going to feed you when you go bankrupt? He needs to show examples of investing.
Mikatan, he also preaches START SMALL and GROW. Everyone wants to be 'rich', fast. That is the wrong mentality. I want to be wealthy and that takes discipline and lots of hard work and time. So, start small and build. Keep your ultimate objective/goal in the back of your mind to always remind you where you are going
@fordeee2000 Not really. OPM (Other people's money) When it comes to Real Estate, it is expected that you are going to borrow other people's money. On top of that, there are so many difference ways of financing. There are primary lenders: Commercial banks, Savings and loans, life insurance companies, credit unions, mortgage companies, government agencies. There are secondary lenders: Fannie Mae, Freddie Mac, Ginnie Mae, lease hold, seller financing, assumable loans, gov issued loans.. ;D
Robert has long said that savers are losers. I think he should now add that flippers are losers. I would like to start the Church of Kiyosaki! Seriously, this man is brilliant and I'm a loyal follower. Write me if you AGREE or even if you disagree!
THIS MAN IS WISE. IF YOU FOLLOW HIS ADVISE YOU WILL SUCCEED FINANCIALLY.
IT WORKS
THANKS FOR POSTING
emmanuel43 1 week ago
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Someone google:
John T. Reed's analysis of Robert T. Kiyosaki's book
Rich Dad, Poor Dad
Robert T. Kiyosaki is a FRAUD
boarding5401 3 months ago
He said the Mutual fund company takes 80 percent. Dont they take the 20% and leave you with 80 percent of it?
HandsomeDee92 3 months ago
Hes not a genious.. If you sit down and think about it, all it is, is common sense
HandsomeDee92 3 months ago
@HandsomeDee92 - he IS a genius. His genius is explaining these concepts in a manner that the average poorly-educated American understands. Unfortunately, he cannot say anything that will cause people to develop self discipline to put these concepts to practice. Of course it is common sense once it is explained to you, the trick is getting people to listen...
tosh369 1 month ago
he's a dyslexic genius?
samann95014 6 months ago
priceless information here
wescapell 6 months ago
1 person is a fool
rr770 7 months ago 6
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For a real opportunity to earn GOOD money email me at: foster_236@hotmail.com and I will send you an Eligibility Form for you to fill out. If all is well then you can start working on my team ASAP!
foster2367 8 months ago
loading business still the best!no need to change your lifestyle,no change brand,etc!!!di na kelangan xplain pa ang products...for details call or txt 09154114186/09332706479 or landline 2183802..i can give good deal for networkers....:-) peace!!!
ynagenita 8 months ago
This has been flagged as spam show
If only it were this simple! I work from home and actually do make good money but I work hard. If anyone is interested in a REAL opportunity to make good money by working hard then join my team! Just email me: foster_236@hotmail.com or skype me for a chat on: anthony62155.
foster2367 8 months ago
it all sounds great except for the tax aspect
JohnnyHorton 1 year ago
Also, my mutual fund company only takes 0.23% of my returns. What is he taking about with this 80% talk? 99.77% of my Roth IRA returns will go to me, not 20%.
AmericanCritiquer 1 year ago
I understand where he's coming from but I disagree about the long term investing. The Roth IRA is the only long term investment I am for though because it's 100% tax free growth/returns (once your 60) and all I'm paying is my income tax when I put it in. The thing is, I can have a shit load of money with just outing a little but in right now. It doesn't have to sit in one mutual fund either.
AmericanCritiquer 1 year ago
The point is you aren't getting any value from those savings via cshflw(rent), and the value is constantly eroding via inflation. Rent is how bankers get rich they RENT their money to borrowers landlords RENT property to renters this isnt hard; how come you cannot grasp the concept that they WOULDNT BE AROUND IF THEY COULDNT RENT THE MONEY FOR WELL AHEAD OF WHAT THEY ARE WILLING TO PAY YOU???
I love it though;one home already owned outright(with low taxes) and 2 pos cashflow props @ 29!!
zaxx19 9 months ago
@zaxx19 Good for you, you should be proud... unless they're like 50k properties or something but I got into the market at a great time, when I was 21, after the melt down and I enjoy the comfort of knowing that I'll have a hefty retirement fund in my sixties if all else fails - even without matching average historical returns. This doesn't mean I wont own investment properties or businesses.
AmericanCritiquer 9 months ago
@AmericanCritiquer It still doesn't change the fact that you have no investor controls over the Roth. You are assuming that your 401K will not become a 201k or a 101k. If inflation for example were to double or triple this year or next as it is fore-casted all that money and effort you spent towards your retirement would be null. Next, the early withdrawal penalty is 10%; additionally it may be subject to the same level of tax as your income. Last there is a limit to how much u can contribute
equanimousgray 9 months ago
@equanimousgray I don't have a 401k and don't plan on having one. I also control all of the different investment classes inside of my roth and can withdraw anything I put in it at any time without penalty. You don't invest in the stock market at all? The last two years have been one giant bull market you missed out of if you didn't and there is no way your money put to real estate could have outperformed it. I own a lot more stock outside of my roth than in it that I'll be paying 15% tax on.
AmericanCritiquer 9 months ago
ah..Reminds me of a book that I read called, PROSUMER. Excellent teaching
LeongGlobal811 1 year ago
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tiblon1 1 year ago
Magic purses which works already 6 months doubles the sum of translation. Only I want to pay attention time of answer from 2-3chasov approximately.. Here purse :
Z 158307892486
Z 662454991594 to translate from 2 to 100$ will go back into 2th multiple size of Z 565833286186
R 419855950224 to translate from 10 to 500r will go back into 2th multiple size
lexamileon 1 year ago
@lexamileon HAHAHAHA... I conquer
xxshawn1xx 1 year ago
that is why Robert does not like mutural fund ..
frankqio 1 year ago
good video knowledge
74SpanishFly 1 year ago
Indeed. Keep Your MONEY MOVING!
--Dr. MooTwahz--
Mutwasze 1 year ago
i dont knpow what he means with, hes holding his property but sells it every 30 day to his renters...anyone know what he means?
22utoo 1 year ago
@22utoo A renter has to pay you rent every 30 days. So you get a return on your investment every 30 days. Your mortgage may be 500 but you charge your renters 900 a month. You make 400 profit each month. Vs. Selling the property for a one time lump sum.
dmvallaccess 1 year ago
@dmvallaccess Ok that clears it up, thanks!
22utoo 1 year ago
@dmvallaccess Thanks bro!
22utoo 1 year ago
He doesn't explain why someone investing in Mutual Funds is only receiving 20%. He also doesn't explain how he has to pay taxes on the rent that he earns unless you don't have to pay taxes on income received from rent either under "earned" or capital gains.
jt8025 2 years ago
@jt8025 the one who has 10 rents cannot even buy property and build house. is he nuts? or he is selling books to idiots?
bookskamaki 1 year ago
@jt8025 because his properties are owned by LLCs. These legal entities have special tax benefits that defer tax payments or eliminate them all together via tax credits and tax write offs.. For example, forced depreciation or phantom cash, etc.
equanimousgray 9 months ago
What happens when you purchase a rental property (good debt) but cant find a renter that will cover your expenses. He doesn't talk much about risk.
jt8025 2 years ago
@jt8025 he is so wrong about renting properties. the money of 2 rents does not help you build 2 more houses and live comfortably in anyway. with 2 rents you live comfortably but you never expand. not in a million years.
Every constructor would do that. he would rent his properties and expand indefinitely.
bookskamaki 1 year ago
@bookskamaki have you considered that since he buys prime apartment building properties in prime markets the equities for those properties will increase?? , and that he refinances his mortgage so that he can borrow the equity tax free so that he can use it as a down payment for another apartment building, and repeat!..lol.. if you know what you are doing and if you read his books, you could do this too! Anyway, rental income is one of the most stable and fixed forms of income out there
equanimousgray 9 months ago
@equanimousgray , Not everywhere. Now here in Greece, i you can find easily a cheap place for your business. Because of the crisis. Myself have a property for rent, i do not have a job , and i cannot go and open a business because the taxation is so heavy that you finally work for a big bank outside Greece for 10-15% profit!!either you borrow, either you pay taxes and the money goes to big bank , either way you are employee for the banks who print money.!! that sucks
bookskamaki 9 months ago
@jt8025 read his books. He will not purchase a property that is not in a prime market or that does not attract tenants. That's all part of due diligence doode!
equanimousgray 9 months ago
ya, he means he's selling the time month by month which is the rent.
djcg 2 years ago
i dont knpow what he means with, hes holding his protery but sells it every 30 day to his renters.
does he mean the rent with taht or is he really selling his house???
rexxxar123 2 years ago
@rexxxar123 He means that he buys an apartment building, but "sells" the rights to live in them.. in other words rent.. ;D
equanimousgray 9 months ago
Selling oil? I would like to hear more about that, when oil was up there at $140 you would need a lot of conviction to short it - what if it had kept going up even further than $150?
mrbeanbag 2 years ago
@mrbeanbag he dies not mean short as in selling oil, he means sell as he was a seller in oil i.e he owned oil stocks or somthing like that.
massd07 2 years ago
He makes it sound so easy, yet it's not.
His methods do work but it's difficult to accumulate a large amount of capital to start investing. For me it's a slow and gradual process of accumulating wealth.
fordeee2000 2 years ago 3
@fordeee2000 Thats what im trying to get over. He keeps talking about failing and trying again. He keeps talking about learning. But those mistakes cost you big time!. you can go bankrupt if you fail in buisness, whos going to feed you when you go bankrupt? He needs to show examples of investing.
mikatan12 2 years ago
Mikatan, he also preaches START SMALL and GROW. Everyone wants to be 'rich', fast. That is the wrong mentality. I want to be wealthy and that takes discipline and lots of hard work and time. So, start small and build. Keep your ultimate objective/goal in the back of your mind to always remind you where you are going
BMWg84 2 years ago 3
try going to one of his workshops
NewAgeNetworker 2 years ago
@fordeee2000 Not really. OPM (Other people's money) When it comes to Real Estate, it is expected that you are going to borrow other people's money. On top of that, there are so many difference ways of financing. There are primary lenders: Commercial banks, Savings and loans, life insurance companies, credit unions, mortgage companies, government agencies. There are secondary lenders: Fannie Mae, Freddie Mac, Ginnie Mae, lease hold, seller financing, assumable loans, gov issued loans.. ;D
equanimousgray 9 months ago
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mrgolffan58 2 years ago
Simple and easy!!! This guy is not only wealthy, he`s a great teacher!!!
Thesunalwaysshines1 2 years ago 4
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good info that is good may be you can check out SACIIDBARRE COM
unknownyouber 2 years ago
cashbackatebay i AGREE this guy is really mind-blowing, he makes money management and investing easy to understand
nickstar717 3 years ago 14
true man....unbelievably genius!!!
snlbmby 3 years ago 17
Robert has long said that savers are losers. I think he should now add that flippers are losers. I would like to start the Church of Kiyosaki! Seriously, this man is brilliant and I'm a loyal follower. Write me if you AGREE or even if you disagree!
CashBackAtEbay 3 years ago 5
I agree with you man!
ratzskinakie 2 years ago
Robert ones said in a seminar that I attended in Stockholm: "The only thing you get by arguing with an idiot... Is two idiots!!" So true!!!
beakereric 2 years ago 4
I'm also a loyal follower and greatly appreciate Mr. Kiyosaki sharing his knowledge. Can't think you enough Mr. Kiyosaki.
Lingerfoot 2 years ago
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