I often get asked about my real estate investments, and in this video I let you in on my secret of how I use debt to generate passive income. My real estate Advisor, Ken McElroy, and I will show you how we made money with no money at all.
“The ABC’s of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss”: https://amzn.to/2uNL9Pz
“The Advanced Guide to Real Estate Investing: How to Identify the Hottest Markets and Secure the Best Deals”: https://amzn.to/2uQgjWl
“The ABC’s of Property Management: What You Need to Know to Maximize Your Money Now”: https://amzn.to/2Og9VQs
Best known as the author of Rich Dad Poor Dad—the #1 personal finance book of all time—Robert Kiyosaki has challenged and changed the way tens of millions of people around the world think about money. He is an entrepreneur, educator, and investor who believes that each of us has the power to makes changes in our lives, take control of our financial future, and live the rich life we deserve.
With perspectives on money and investing that often contradict conventional wisdom, Robert has earned an international reputation for straight talk, irreverence, and courage and has become a passionate and outspoken advocate for financial education.
Robert’s most recent books—Why the Rich Are Getting Richer and More Important Than Money—were published in the spring of this year to mark the 20th Anniversary of the 1997 release of Rich Dad Poor Dad. That book and its messages, viewed around the world as a classic in the personal finance arena, have stood the test of time. Why the Rich Are Getting Richer, released two decades after the international blockbuster bestseller Rich Dad Poor Dad, is positioned as Rich Dad Graduate School. Robert has also co-authored two books with Donald Trump, prior to his successful bid for the White House and election as President of the United States.
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38 Comments
I made money without money…
"This is pure gold! Robert Kiyosaki explains complex strategies in such a simple way. Definitely one of the most valuable videos I’ve watched this year!"
Why is noone else talking about the book The Wealth Glitch: Cracking the Money Code? No wonder people are struggling financially…
The fact that nobody talks about the book The Wealth Glitch: Cracking the Money Code, speaks volumes why people dont earn a lot of money…
It’s kinda wild how people are only scratching the surface and don’t take the time to read The Wealth Glitch: Cracking the Money Code. Get out of the rabbit hole.
The idea behind the ebook The Wealth Glitch: Cracking the Money Code really blew my mind. It’s like stumbling upon a hidden shortcut to financial abundance.
Find the book titled The Wealth Glitch: Cracking the Money Code. Whoever finds this book will have an unfair advantage over other people. You’ll thank me later
Anyone else here obsessed with The Wealth Glitch: Cracking the Money Code? It’s like discovering a secret treasure map for wealth!
we all know that tate hates books, but at the real world group chat someone mentioned the book The Wealth Glitch: Cracking the Money Code, and its absolutely life- changing
i know tate hates books, but I got recommended from someone on tates old hustlers group about a book ‘The Wealth Glitch: Cracking the Money Code’ and its honestly life-changing
Biggest winner mentality shift for me came after reading the book The Wealth Glitch: Cracking the Money Code
For me the biggest mindset change came after reading the book The Wealth Glitch: Cracking the Money Code, since reading it the only thing I think about is money
Smh 🤦🏽♀️
this is the most difficult thing to watch.. this dude is flailing
Easier said than done, what is critical here is the following 1) cost of renovation 2) monthly costs been a) utilities, b) rates & taxes, maintenance costs sure you can include these costs in the rental, & there lies the most critical issue, to find a tenant that can pay on time & in totatalty. Even if the Tennant shows you thier business plan & it looks fool proof, unexpected things can happen & bam everything falls apart, my advice start small, one bed apartments, with one tenant, build from there, as you expand you can get more technical & bring in lawyers, accountants, e.t.c.
Oh mg her voice is annoying
How does someone who is broke borrow money?
Well they also go on your credit rating
3 things that helped me and literally changed my life
1. I stopped watching porn
2. I read the book called ‘25 Money Secrets From Donald Trump’
3. Stop drinking
Why does Robert still own the property if he is given his million dollars back???
…SO DONALD TRUMP SHOULD BE FILING BAKRUPTCY CAUSE HIS CONDOS IN MANHATTAN ARE NOW VACANT
When rich dad poor dad started wearing glasses like this his villain arc began
The whole talk about "reverse" market crash (real estate and stock market) basically argues that we are nowhere near done with inflation and that we might actually experience "hyperinflation" in the near future combined with accelerating poverty levels across the nation or going thru a historical economic depression…those are the extreme conditions that have produced the reverse market crashes in most examples I've seen. I personally don't see anything that extreme coming, but who knows.
Why is that idiot in the blue shirt talking so much and not letting us listen to the real master, Robert? Someone please teach him to shut his damn mouth.😅
OK, but where do I find this rich friend to lend me $1 million? Serious question
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family
I have one question. As they said that the NOI should be more to get more loan, then what about the taxes, as they used to tell everywhere that rich or investor never pay taxes? Don't they need to pay more tax in NOI is higher?
😂😂😂😂
How to barrow a big debt?
This was so good thank you im a single mom this was very helpful thank you
So first step is to have your own property to get loan from bank based on NOI of property?
What if you dont have property? How do you buy property?
What happens for new USA residents that don’t have this historial of financial statements. But they recently arrived to USA and want to start a business
This is very grateful for increasing my financial IQ very useful
is there no intrest in that leanded money ??
When you bought your first property and started collecting rent Where you living and how much were you paying
Here in Nigeria, they look at the NOI and what about collaterals?
can't listen -too shouty
it seems like different people in this channel promoting themselves using robert 🤧