Financial Literacy Video - Lehman, and Government Bailouts, as Predicted by Robert Kiyosaki
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@mrzack888 Me to :)
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@mrzack888 me 2!!!! :)
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Down for a long time because America is in trouble financially.
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Because you can still invest in a down market. its just diferent.
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yes true. there is no cash flow.
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..was robert tipped off?
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Oh well probably I'm just not a fan of Robert. I'm not really sure if he amassed his wealth really through real estate but I guess just because of his books. Buying properties for the cash flow was thought by a lot of "gurus" in the u.s adding and inflating the bubble all the more. That was precisely the reason why financial firms went down because of the guys buying for cash flow taking advantage of the low interest this firms give.
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Robert encourages you to find cash flowing real estate not MORONS who buy property and HOPE the value goes up like most IDIOTS have done.... hoping to flip the property for a capital gain....
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My experience in real estate, you can make money in real estate with market up or down. Most people know how to make money when the market is going up and not when it is down. I haven't figured out how to put a deal together while market is still (currently) moving down. I Only know what to do, when the market is close to down or already at bottom.
he buys silver.
mrzack888 3 years ago 6
what robert told in his books is to analyze whether buying property would give you a return on your investment. essentially, he is telling you to do the math. real estate is a good vehicle if properly utilized. randomly buying property without analyzing its impact on cash flow is just foolhardy. again, i must reiterate, DO THE MATH FIRST.
redpalladin 2 years ago 3