In this episode of the Rich Dad Radio Show, Robert Kiyosaki, alongside real estate mogul Ken McElroy, dives deep into the world of real estate investment, offering unparalleled insights that could potentially alter your financial future. With over 25 years of friendship and millions in earnings together, Robert and Ken share their journey to becoming titans in the real estate sector, all while paying minimal taxes.
They share personal investment stories including their successful partnership in real estate that has earned them millions with minimal tax expenses. They discuss the keys to finding good deals, the mistakes new investors make, and the potential of raising capital without relying on one’s money. They highlight the concept that the best deals are never advertised and caution against jumping into investments without proper knowledge.
Why Watch?
If you’ve ever dreamt of emulating the success of real estate tycoons or wondered about the true assets that can fill your pockets, this episode is your treasure map. Unravel the mysteries behind bubbles in real estate, stocks, and bonds, and discover why the aftermath of a market crash might be your golden opportunity. Delve into the significance of property management, the art of leveraging debt, and why your house might not be the asset you think it is.
00:00 Introduction: The real estate bubble and current economic outlook
03:00 The misconceptions about assets and liabilities
07:00 Property management: The key to real estate success
17:00 The essence of real estate investment and the journey of Ken McElroy
25:00 The significance of raising capital and finding deals
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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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24 Comments
11:15 He is talking about @Grant Cardone
Hello Robert thanks, to hear again from you, thought you went on vacation😂😂🎉🎉
Every body is different, some people like debt some dont and some dont know how to use it.
There are millionaires who have no debt and there are broke people with a lot of debt. Its up to us to choose which side we want to be.
I want to get rich.
Kim is such a sweetheart! Always optimistic. You guys make a great team. I subscribed to your newsletter to hopefully get ur book on real estate. Thank you and Be blessed!
34:15 Way to go Sarah! Do the dirty work so you appreciate the people who will do it for you in the future. And they won't be able to rip you off 😉
🙏🙏
That was the interview with grant cardone lol
Thank you very much
@11:15 I remember that show. I wanted to applaud you for your response to his advice.
Thank you for teaching us
I wish I could talk to Ken to have his advice for my investment
I'm hoping there will be a housing crisis so I can .buy cheaply when I sell a few houses in 2025. As a backup plan, I've been thinking about purchasing stocks. What advice do you have for choosing the best buying time? On the one hand, I continue to read and see trading earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?
😁👍
I have been a blue collar worker my entire life. I am 48 and I retired early to invest in Real Estate. Sad to say but I make more money than all my friends. How do I find investors when all my friends make less than I do?
Here's what I have to know: Can I just buy a property, and expect to be able to generate income via rent? Can't I just pay off the 30 year loan with the rentor's money and pocket a bit of that and not worry about it anymore so long as it all goes well (Taking all the necessities of property running into account of course) I literally just buy all 100 of the properties in other words, and let the rentors pay for them.
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Hey Robert, have been following you for some time now, read RDPD book. On a separate note-> Why have you agreed to be interviewed by Sharan (Finance with Sharan) in India? That video was so awkward to watch…that guy obviously didn't know enough to have a good quality dialog with you. It was painful to watch.
Thank you for your helpful tips re: property management …
That's right don't tell us nothing, buy the book.thats what you're making your money
Just listen to the stupid ass crap he’s saying about “the best time to buy is after the crash.” Guess what bud, we are in a silent depression and once it’s made public information, no one will have any money. It’s never going back to what it was when you were building wealth on debt.
I think people should really stop taking financial advice from a guy who built his empire on debt and is now buried in it.
Thanks Robert. Your lessons are invaluable
I need money to flip a house with cash What is the best way to access capital for that now
I retired at 50, three years earlier than planned ,With the guidance of my fin advisor, Monicamary Strigle (my FA), Her advice to diversify beyond traditional retirement accounts like 401K and IRA led me to explore rental real estate. As a Limited Partner in a portfolio of 1500+ units, I generated passive income and accumulated wealth. Thanks to Monica expertise and tailored strategies, I now enjoy a fulfilling retirement without traditional employment. Her insights in real estate investment have been invaluable on my path to financial freedom.
Hello My beloved Father Robert Kiyosaki thanks to you and your book entitled rich father poor father I went from a poor person very very in debt to a successful entrepreneur from Africa more precisely Guinea Conakry Thanks to you now I know the real difference between assets and liabilities I invest all my money in assets when it comes to the framework of cash fow I moved from left to right I am in the B and I In our neighborhood I talk about you all the time and of your videos as well as your books I have 7 friends who also became rich when I recommended them to follow you finally I thank you very much thank you very much