In this video I share why understanding and using debt strategically can be the ultimate financial game changer. This isn’t about reckless borrowing—it’s about leveraging debt as a tool to generate wealth.
We start by going back to 1971, when President Nixon took the U.S. dollar off the gold standard, transforming money as we knew it. Today, every currency—whether the U.S. dollar, peso, yen, or euro—is debt. Yet, mainstream financial advice often tells you to live debt-free, and while that’s safe for most, the wealthy play a different game: using debt to build assets that produce cash flow.
I’ll explain the core principles of financial literacy, using my experience and the concepts from Rich Dad Poor Dad and the Cashflow board game. We’ll cover why buying liabilities like cars and houses with debt keeps you poor and how using debt to acquire assets makes you richer over time. Financial literacy starts with understanding two key words: cash and cash flow.
#debt
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Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.
The content presented here is based on the speaker’s personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.
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Lots of economies with negligible interest rates cannot ask the world to apply the same debt rules!! In Asia rental yield is 2-3% while interest is 12%.
In Africa even getting a loan is difficult. So where does your rules apply??
Hi sir
In short:
"If Money is controlled money is corrupted"
2:21 people fail to understand that if you sold the property and assets you owned you would have like 3 billion with the equity it has gained so you would be above water anyways at the end of the day 😂
Once a stupid video explaining the same ole concept. Never explaining where to get the CAPITAL FOR THE FIRST INVESTMENT! Can’t just BUY a place WITH NO MONEY!
Bitcoin is one of the best investments of all time. It's like buying gold in its early days. Although there are corrections along the way, the overall trend has been upward. Just like gold, which continues to reach new all-time highs, Bitcoin is also breaking records and gaining more mainstream attention.
My family just put me in 10,000 dollars in debt and I'm losing it. This guy is 1 billion and debt and must be on the best drugs ever cause how?
That’s right you learn from mistakes. If don’t will something bad happen?
Where can I invest 5k today?
You've roasted the poor guy for decades
Getting rich is so easy. Just takes a little hard work and a small $10,000,000 inheritance from your dad. Boom success 😂😂
Living over my means and accruing a large debt load was one of my worst financial choices ever. I have a lot of debt that I have paid off. The amount spent has drastically decreased. It feels like a warm hug every time I check my bank account since all the money that used to go to crap is now sitting there growing in my savings.
So you're a poor dad?
Is this possible in the uk
Thank you very much
You want hard assets so tell me why are you advertising bitcoins then?
I say you are full of bullshit
Your full of it and also a crook
Bro I feel like this is going to fvck up so many people's lives. Debt kills guys I've seen it
my GOAT
Dave Ramsey would not approve
I don’t mind his knowledge and wisdom, however I believe he forgets all of us “peons and idiots” are the ones that make his cash flow assets work for him in the first place
I built a nursery in my back yard. And front is also a growing garden. One room is an office. All of that goes for taxes. Isn’t my residence kinda an asset ???
A house is a personal accommodation. It can be viewed as neither an asset nor a liability. Life is a liability or an asset depending on people's point of view
You don't need rich dad or poor dad. You just need rich daddy lol
This dude been trying to sell his book lol