Robert Kiyosaki - New Rules of Money, Part 2/7: The CASHFLOW Quadrant

[MARKSIBLEYMD]

Robert reminds us.....

you can shop at a store or work at a store or become a manager at the store,

but only by becoming the store owner in your own business can you survive

and make your own success.

Robert is talking about making a decision and taking responsibilty for your future......taking action to protect your family, security, and success.

Opportunities are out there...Right in front of you...Be successful.Do not let anybody hold you down........ DefyAgeToday. com

[milojar]

My financial IQ ia growing, there is so much to learn. But what I do know is that I'm getting into gold to safeguard my family's financial future.. and creating passive income along the way. Check out this short video for more info. kbgoldinvestmentplan (dot) com

[Evkowski]

investments in Montenegro and, Budvanska riverija -  only 9% taxes in ROI.

[mrlionX]

The part about taxation would be true back when the video was made but not anymore...the rich don't get tax cuts anymore and are paying higher taxes than any other person in America.

[LitheInvestments]

3:05 Can someone explain how the 401K is a highly taxed investment vehicle? I know there's a big penalty for withdrawing 401k funds early but can't you write 401K deposits off on your taxes? Thanks

[magicoke1]

I'm working for a passive income fuck corporate America I'm working with the best financial firm world financial group!

[1808Liebe]

WELLNESS für IHRE FINANZEN

HIer erfahren Sie die Wahrheit über Steuern von Robert Kiyosaki,

mehr über die vermeintliche Sicherheit eines Jobs,

die wichtigste Ausbildung für Ihre finanzielle Freiheit ist zu LERNEN wie

Ihr Geld hart für Sie arbeitet und nicht mehr Sie hart für Geld arbeiten.

[hongkongstyleable]

one thing he forgot to mention, how can u become an investor when now days money seems so difficult to earn for most of the population in the world?

[bluesky27100]

Millionaire  books at adam-khoo-book . com

[AtaArticles]

He mentions that the average employees pay more taxes than the specialists. The reality is the specialists pay more taxes upto 40% depending on how much they earn. compared to the average employees. The more you earn, the more you get taxed. Well that is the case in my country anyway.

[zaxx19]

I dont agree with everything he says...but the BEST point he makes is about taxes........employees are completely wiped out by taxation. S's can do well if they account creatively....*read into that what you will*. B's are now paying such low rates of taxation due to globalization...and Investors pay pathetically low rates...15% at very most.

He is also right about how people have the exact wrong mentality vis a vis "getting rich". A job IS NOT a way to get rich...with few exceptions. ...

[westmidsgold]

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[LeongGlobal811]

Empolyee mentality or Entrepreneur mentality, too bad I didn't get the REAL EDUCATION sooner. I found out the truth after I got my own network marketing business, ROBERT KIYOSAKI your AWESOME!

@whyicare not everyone wants to put in the effort nor patient ; in my opinion- life's lesson on anything is not a microwave.

[PorkIsHalal]

At the end of the day, average joes and janes only see what is infront of them but never what is beyond them. Instead of setting up their own businesses and/or investing extra cash, they rather buy bigger cars or more expensive furnitures.

[justincredibleinvest]

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[YiDog21]

i like his dance @0:59

[MLMAuditor]

Network Marketing best passive income.

[trancexprep84]

I really like his concepts, but he doesn't really explain or give an example of what passive income is. Does anyone know?

[landwarrior82]

@trancexprep84 Passive income is Business and Real Estate income.

[whyicare]

@landwarrior82

Passive income is business and real estate income. Robert K is heavy about real estate especially about leveraging. Did he predict the bubble burst of the real estate market. How many businesses have folded in the last 24 months.

[royboy421]

@trancexprep84 Let's say you bought an apartment complex. And each month after taxes and fees you make 100k in positive cash flow. Each month that income will come recurring, that is an example of passive income.

[whyicare]

@royboy421

Each month your apartment complex brings you $100,000 per month, I like to know how much your property is worth. How much your property is worth right now. If you purchased in 2007, the property value probably had gone down 25 to 33 percent now. Also, your rent roll may not be enough to service your debt. in a bad economy like today. Think twice before shooting off your mouth.

[shanty011]

is this benito jr.m ??

ahm ok i dont have time to meet now

im sorry..

[sherwinpower]

join us here in the phills.

juz text me,,,09276431924

and be one of the millionaires club

[Jeffb32]

I work hard for portfolio income I invest in income stocks, in 10 years they will have paid themselves off and I can sit back and collect the money.

[TGArthur]

But you get taxed heavy on the yield gained.

[zaviusfirerave]

That's great!

I hope the market doesn't crash...

[royboy421]

@Jeffb32 good work. I am happy more of us or out there

[jeancruzel]

if all people will have their own business or invest, who will be staying at the working class??

[Cypher25z]

The point is...all people won't own their own business or invest.. All average joe cares about is whether he has enough money for a couple of beers at the weekend and a nice,safe,secure job! :)

[AbrahamFan29]

@Cypher25z Excellent. Business owners who don't want to have a work-a-day job need employees, after all.

[kamixaki]

@Cypher25z BUT ARE U EVER GONNA BE HAPPY WITH YOUR MEDIOCRE LIFE WORKING FOR SOMEBODY ELSE??

[cashbackguru]

@Cypher25z Hence why Robert Kiyosaki at once said the middle class is gonna get wiped out. There's gonna come a point where economic classes are gonna be separated between rich investors/business people, and then the poor people who are paying and buying from the investors/business companies.

[JayEffector]

@Cypher25z no job is the most secure in the world. What happens when that job of yours is gone and you dont have any money to buy your beers? :)

[danielrrjd]

@jeancruzel this advice is only for those who know they can do it and have overcome fear...

and besides, when there's little people willing to "work" they will be paid a lot more, and everyone will be a lot happier

[zaviusfirerave]

People like you who ask that kinds of questions.

[JungleListSoldier]

Another thing is that his advice is so vague. "Start a business to be rich." But he doesn't tell you what kind of business or how. "Be like Donald Trump or Warren Buffet." ROFL, what a fucken joke. It's like advising someone to be like the $300 million dollar powerball winner. Your chances are about the same.

[mikatan12]

@JungleListSoldier true. I love how he says I quit high school twice. It sounds like he trys to downplay his background to make us think hes a humble person.

[kragland70]

If you check out his other video "The Perfect Business", he basically lets you know in the network marketing industry you can build a multimillion dollar business by investing under $500 because the marketing co. has taken all the risk. The product should be in a huge expanding market, be a unique consumable product, good timing (trend), & the ability to create leverage (others contributing to your income).

[whyicare]

@kragland70

That is a joke. What he was referring to is MLM. Multi-level-marketing. One of the biggest MLM is Amway (Quixtar). You guys all have heard of Amway right. Seriously, for a lousy $500, you think Amway will share its wealth. Think about it, if you have a good scheme making millions, would you want to share it for $500, I know, you will say but yes, if the new comer can make more money for me. I got another story to tell you about Amway (Quixtar),

[royboy421]

@JungleListSoldier This video was just about the cash flow quadrant which he did a good job covering. It's not about investment vehicles or what the X's and O's are persay.

[Pakman78]

if you are open to listen, it does work...it does work for me...the biggest barrier is that you don't really take his advice in an honest open way...see what happens if you do..

[dungkhinhtoi92]

Great advice man.

[Entertainbiz]

What does he mean 50% taxes? Isn't the highest tax braket 40%? Somebody help me out.

[doodeldeedum]

tax bracket refers to income tax... there are alot more forms of tax...notably VAT

[westlyr2003]

Well think about it @Entertainbiz, You do work hard to get your income from your Boss. which is Employees.

The More you earned money, the more you pay. You said Highest Tax is 40%, Yes it truth. But how about your Expense, Such as Your home, Foods,cars. USA Government now Charges Every possible can to tax you. Death, Plastic Surgery, Etc.. So here is your 10% tax you need to pay+ your 40%. Now, "B's" and "I's" are different. Every taxes they pay, They do keep the receipt and Get the tax back.

[whyicare]

@westlyr2003

Employer has to pay self employment tax, plus he/she has to pay for health insurance which is quite expensive. I assume you are a working individual and your employer absorbs most of the health insurance cost. With plastic surgery, most states only tax on the parts that were used but not on the service.

[Bahia82]

@Entertainbiz

that 40 percent doesent include state, county, social security, healthcare etc.

[JungleListSoldier]

What a dipshit, if you are a doctor or lawyer you'll always have a job and hence income. Starting a business is literally a flip of the coin it could be successfull or it could be financial disaster. Capitalism needs both "E"s and "B"s.

[gbugss]

@JungleListSoldier Sounds like you still don't understand. You are right tho, the world needs "E"s and "B"s as you put it. The "B"s and "I"s need someone to work for them after all. The fact is, in these days we have the power to choose our financial destiny and don't have to rely on just a job to have financial security.

[mikatan12]

@gbugss what happens to those who choose to own a buisness and they fail?

[gbugss]

That's the thing, glad you asked that question. In order to succeed at anything in life, no matter what it is, you have to be willing to fail. Failing 100 times is always better than quitting once. That may sound cheesy, but it's true.

[zaviusfirerave]

They either learned a lesson and start again or blame something for their wrong decision. All successful people(not just financially) knows that you have to be willing to fail in order to become successful.

[royboy421]

@mikatan12 They lose their investment and can regroup and try again or give up and get a job and be like the rest of the sheep

[myko913]

well yes, thats why people die and there's people born each day, so its a cycle...as children grow they will become employees first, so on and so on

[Bahia82]

@JungleListSoldier

ummm. not true, in this economic downturn plenty of lawyers have lost their jobs, sure you can always find another job paying 50 percent less, but is that going to help you pay off the 50-100k debt law school gave you?

[JungleListSoldier]

@Bahia82 What about people who lost everything because of a bad business venture? Kiyosaki acts like starting a business is the end all be all. It isn't. Don't get me wrong it obviously is MUCH better than any job (when it works out.) I'd like your idol Kiyosaki to give my friend back his $200 grand he lost because of a shitty business deal.

[idontcallthiswork]

In speaking about business owners and investors, Robert Kiyosaki (Author of New York Best Seller "Rich Dad, Poor Dad") said, "These guys want to take advantage of opportunities."

If the adult entertainment industry doesn't bother you, you'll want to take advantage of this opportunity! This is a chance for you to move over from being an employee to being empowered to produce your own success! Come join my team if you are driven for success and set out and GO!!!

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[evane1989]

Liar.

[nolan067]

very smart, good advice.

[doublediamond1234]

read rich dad poor dad 8 years ago when iI was involved with MLM, but now pursuing a conventional business and this makes so much sense.

[whyicare]

@doublediamond1234

An Amway/quixtar upline. How much of your income was from tools money. Can you share it with the folks here. Would you tell your downline to spend his or her money on tapes, books rather than buying Amway products because tools make more money for you, right. AMO is the way to go.

[doublediamond1234]

@whyicare I never reached a level in the business where making money from tools was an option...I believe you had to be platinum or above to benefit.

[whyicare]

@doublediamond1234

I finally met someone who does Amway/Quixtar. Just curious why do you call yourself doublediamond. Is Bill Britt or Dexter Yager your wannabe. BTW how many downlines do you have under you.

[whyicare]

@doublediamond1234

It seems like you are out of Amway/Quixtar. Any reason why you left.

[sgwarrenb]

Thanks.

[MirkoMMA]

Awesome!