Robert Kiyosaki - New Rules of Money, Part 7/7: Focus!

[Timmoonman88]

wow... truly an amazing teacher... that focus acronym really clicked for me

[foster2367]

Looking for serious and hard working people who want to earn good money working on my team. Email me at: foster_236@hotmail.com and I will send you an Eligibility Form to fill out. If all is well then you can start working on my team ASAP!

[chasjj111]

Dam good information series only if applied

[mgility]

only one person rated poor

[vjtk]

awesome. thank you so much for posting all parts.

[AmericanCritiquer]

The reason people and profession broker/mutual fund managers and such diversify so much is because when the economy drops there is less volatility. Someone who doesn't diversify so much might have a much high percentage of fluctuation when the market rubles but if the company it it's a good investment, no worries it will come back much stronger than the diversified portfolio.

[lexamileon]

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

[MisterQuebec]

I will get his books at the public library tomorrow!

[milagroskarenrodrigu]

I am so happy I found this. Thank You. There are many points I didn't have clear. Now I can say I am ready to continue.

[frankqio]

Warren Buffet does not diversify

[lawrence1009]

This is awesome stuff, I need to find a mentor here in New Zealand who can help me get out of the hole I have dug myself in.

[slamdunktiger]

@lawrence1009

hey lawrence, did you try looking up cashflow clubs?

[rasamikid]

Is there a downfall to this?

like.. not everyone can do this..

if everyone does...

whos gona pay the taxes?

the people people that are financially literate will get richer..

and the others will just work harder and get poorer?

[Cyrus992]

@rasamikid No, actually when we have more richer people.. money gets added instead of stolen by others.. In other words, pie gets larger. It does NOT get redistributed like the INSANE public sector.

[SomethingSoOriginal]

Is this still relevant in the 2010 real estate market?

[wheelori814]

@SomethingSoOriginal if your buying it for an investment seems so, what i dont get though is if the dollar goes to zero worth, then how do you get paid???

[hskrfan2187]

@wheelori814 In every country where hyperinflation occurred, eventually a different currency takes over. In Germany, where they had hyperinflation after WWI, they just started printing money (so you may make $1,000/month today but next month you would make $10,000/month but it would buy the same amount of goods). What Robert is saying, is the debt payments stay the same (whether there is inflation or not).  So if you owe $100,000 on your house, you will only have to pay 100,000, even if....

[hskrfan2187]

@wheelori814 ...hyperinflation occurs. So all of the sudden the average american could be making 1 million/yr (but it would only buy the equivalent of 30,000 in todays money) but you would still only have to pay 100,000. So in a constant inflationary environment, if you have good debt it becomes easier and easier to pay down your debt over time (as the value of the currency becomes worth less).  They will be giving you 1 trillion dollars/day before the dollar actually becomes worthless...

[hskrfan2187]

@wheelori814 ...and once the dollar becomes worthless (meaning even 1 trillion dollars couldn't buy you a sock) then the free market should stabilize society by bringing a new currency into circulation (most likely something backed by gold or silver). In Germany, I believe they stabilized their monetary system by bringing a new currency into the fold. 1 bill of the new currency was worth the equivalent (of something like) 1 billion bills of the previous currency.

[Andge79]

Thanks for posting these rahularyacam very informative.

[coreydmt]

the fed needs to be shut out of the world

[coreydmt]

why hurt lots of people and only help vary few ,this makes no sence,this information is out dated and will not bring well being to any comunitys

[vxAREKxv]

respect respect respect and thank you for teching me !!!

[ricklansdown79]

definitely one of my favourite financial mentors , thanks for sharing this

[MulucChen]

chale me falta... necesito una traduccion

[RevInt1]

Fuck you Robert!!!! You will never drag me in to your little game. I love my poor life, And I wil always be poor!!!!! Life is better when your poor. I feel sorry for rich people.

[angelluisfranco]

Great Expo !!!!!!

[borijin]

thank you so much for sharing your videos.. i enjoyed them all

[bicycle999]

its a blessing to listen to the teaching.

[jenifertoussantllc]

I can't get part 7 to play! Any suggestions?

[jbx233]

Excellent series, thank you for posting this!

[BMWg84]

Thanks Rob!

[thiando]

thank you every much.

[weezeeO]

Thx for sharing these great info. Robert knows his business.

[1TheTruthChannel1]

Good information.

[GrandPatzer]

THIS GUY HAS 1000+ RENTAL UNITS!!!

[BMWg84]

GrandPatzer, he has 1000+ rental units because it is easy to grow (and exponentially) the more you get involved with. Start with 1, buy another (that's 2), the 2 will buy you 5, the 5 will buy you 12... etc...

[RAAC60]

@BMWg84 your example only works in an "up" market, where the property you buy "appreciates" in value, therefore, you create equity. Then you use this equity to leverage your next purchase. This is a down market and you cannnot use that technique in current times. You can only succeed in R.E. when you use the right investment tool for the market you are in.

[amills0]

I really wish I read his books before I left high school. I guess I'm just luck I'm not hearing this stuff a lot further down the track.

[themuthasback]

Same here...

[lostsoul730]

Thanx for uploading these videos.

[ttoopj]

great stuff, is true less people interest in financial knowledge, thatwise these people remain in poor. they more interest in songs, movie and sport.

[golderella]

thanks so so much for sharing

this stuff is awesome.

[kishe9]

i only want to say that it was great!! thanks for share all your knowledges.

I've already read some of your books and i learn a lot, so again thank you.

[dynamic2010]

Excellent Work Mr.Kiyosaki.

Though I've got the whole stuff in my e-mail as E-Book, I could not go through it.

Thanks Rahul aryacam for posting.

[herbs814]

Diversification is for people who don't know what they're doing.

If you're going to stay ahead of inflation, you need to own assets: stocks, commodities, real estate. Bonds (adjusted for risk) always underperform inflation long-term.

[jhowej3]

This man is brilliant.

[lapizlazulai]

i am a great fan of his and yes his book the cashflow quadrant is a mindset changer...

[lostsoul730]

couldn't agree more.. i read "Rich Dad Poor Dad" n "Cashflow Quadrant" sometime back & gained a completely new perspective on the world of money.

[ellesdee1988]

what is amazing is that anyone can achieve his statis... its society and media that make you feel dumb and scared to strive to your full potential. Is there a forum floating on the net somewhere that discusses this kind of stuff?

[UsherMoore]

@ellesdee1988 Join a cashflow club, there are all over the states.

[MisterQuebec]

@UsherMoore I like the idea of get together with other people to discuss and invest together. Doing it all by himself can be very scary and not so successful.

[QwertzProductions]

@ellesdee1988 The man has a website! check the internet for Rich Dad Poor Dad...

Somewhere on his website there is a forum...

[cashbackguru]

@ellesdee1988 linkedin.com is pretty good place to find good forums with other professionals who can discuss this kind of thing

[kenpca]

@ellesdee1988 sign up for facebook and follow Robert Kiyosaki's page and here on youtube. I would recommend going to the library and reading all his books that are available! Have a Blessed day! :)

[rawfood4me]

so great to have these type of teachers out there

[rahularyacam]

yeah u r so right :)

[laryon]

thanks I feel so enlighted

[CashBackAtEbay]

Forget everything anyone ever told you about money. Robert explains why it is so wrong to Diverisfy. Warren Buffet doesn't diversify, so why should you? EXCELLENT!

[chadgresham]

wow his teaching makes feel kinda dumb. I guess you didnt know any of this stuff