4 Assets That Make People Rich
His poor dad always told him to go to school and get a high-paying job. That’s not creating wealth. That’s a job. You can get fired from a job. His rich dad on the other hand always says work for assets. There are basically 4 asset classes that make a person rich.
Number 1 is Business.
The richest young guys today start companies. Some great examples of this are Facebook, Google, Apple, etc.
Number 2 is real estate.
What my rich dad taught me is the combination of being an entrepreneur in business and an entrepreneur in real estate. Now due to this combination, I pay no tax and I make a lot more money.
The 3rd asset is Paper.
Savings in gold, papers like stocks bonds mutual funds are liquid. You make a mistake, you can get in and out real quick.
The last asset is Commodities
and this is why he owns oil because in the U.S. if you deal in oil, you get tax breaks. So oil is very profitable.
What’s your preferred Asset? Mine is business. Check out the banner below.
Robert is the greatest
chad haire all these people are just selling something, there is no free advice
chad haire that’s the poor mentality holding you back
lol don’t be jealous
I’ve tried to explain to my wife for years that firearms and ammo are investments!
Scorpio Snake ooooooo
you can make a lot more then $25.000 in 30 years investing $2.500
HOWS that going for you ?- My wife tells me the same thing about shoes.
Van Kham liability then…
Your Videos Are Fake News How so?
grow hemp and cannabis! Big oil is a mass murderer!!
Yo Chino, pick me up now…..
Inheriting loads of money, being born in a western nation, being born in good neighborhood, having a decent family/upbringing
Chris Gardner? Went from living in the streets to being worth $ 60,000,000…
Whats wrong with parents who decided to do good financial decisions in their lifetime giving it down to there children?..why don’t you pick up a book for once..and learn why some people are rich in the first place
Oh boo hoo
Life is hard
“Being born in Western nation”??? …..Jack Ma was born in China which in the eyes of western nations is a 3rd world country. Yet he’s a Billionaire and Owns Alibaba.
Shahid Khan was born in Pakistan. Another 3rd world country in the eyes of the west yet he became a Billionaire and Owns an NFL Team (Jacksonville Jaguars) in the USA.
the underclass in america are stockpiling air jordan shoes.
Reef Habitat sounds like a plan…when do you sell them tho?
Imran Alwageeh sneaker re sell is actually a billion dollar industry.
This is why war will never end!
i thought he was gonna say creative intellectual property too. like his books.
yeah, he left that one out. wonder why. I’d put 3 and 4 together: paper and commodities. They for all intents and purposes can be approached similarly. IP however is a different ball game altogether.
SHWwoooosshh doesn’t that come under business/company
everyone wants to sell something one way or the other.
That is why it is called free enterprise.
God is wonderful
now i know y these investors are interested wars
rauldocr90 wars are a big waste of resources.
He says guns and bullets… and then laughs like an evil genius
He says this on purpose so no one confronts him after the lecture.
paul sawczyc your stupid is because hes lowkey a big dog in a mafia of drugs but people obviously arent gnna know that and thats how these big dogs never get caught up he seems honest but hes in the black market forsure selling cocaine nd crystal even in the dark web
This bloke got rich from selling books.
chad haire actually not too many people living in the Northwest territories. Too cold lol. N I know u spent a lot of time cause it doesn’t take a genius to notice you commented on nearly every comment lol. And I just assumed vets would have better things to do than sit on YouTube and start arguments. Also you’re the one who previously kept bringing up the fact that Ur a vet.
chad haire and the health care is actually pretty good. But eh don’t bother going for that checkup or appointment. It’s probably too expensive for u down there 😉
I also spent time in the criminal justice system and It makes me sick to see crooks like kiyosaki conning people…I would love to arrest him and see him in prison…as well as pay back all that money he took. He has already had to pay $10 million in civil court as owes another $24 million..he lied about his military background too.
chad haire you should of started with your background in criminal justice now it makes little more sense why ur obsessed with Robert lol. I don’t doubt that he’s lied about some things as well. I never 100% trust these guy’s anyway case I know they’re trying to make profit off us. Wich is why most people don’t buy there crap. That being said there is useful information and insight in his book. I enjoyed the read(ps don’t worry I didn’t buy the book lol)
When Kiyosaki goes to jail, and his wife too who is in this mess with him, I hope they have Tony Robbins as a cell mate…another liar crook…
Is it just me or did no one laugh at that joke at all
Because it’s not a joke. Bullets could one day be worth their weight in gold.
Lyja Five He wasn’t joking!
This dude became a millionaire spewing common sense.
Kiyosaki is a fake..
No did you not listen, that’s not an asset.
More people went bankrupt in the past 10 years from real estate purchases than any other business.
Kiyosaki doesn’t own any real estate—he made his money selling the bullshit books he didn’t write…..and has been sued for over $34 million over the years and LOST>>>>
Why are you so worried about this man’s wealth? He had sex with your mom and made you a step son/daughter? I see you replying almost everyone here on the comments. We don’t have to read his book and do whatever he says, we pick the ones that will benefit us. Stop acting like a moron.I guess you might even be one of those broke critics with less a than a thousand dollar as net worth.
oh well I didn’t
Tam I’mBlessed hahaha
America is still the land of opportunity… many places in the world deny you the chance to become wealthy. In the USA at least you have a chance, if you have the right attitude, philosophy and goal focused plan. That is why everyone wants to come here.
Chris Gosselin HA! Keep listening to the US propoganda. Statistics show another story about the US.
Correct – I personally know people who returned to their countries because they could not stand it here.
Tree Climber Nope not everybody wants to come to the US. Especially not with that guy in office!
not everyone wants to go there
AnyBew GT I agree. With all the new age tech and modern opportunities I can stay in my country and earn USD and enjoy it much more because the rate of exchange is multiplied in my favour!
Silver is a hedge against total economic collapse. Ammo is a hedge against total societal collapse.
He forgot the 5th Asset: ‘Freedom’, which could also be defined as ‘Time’. You need a lot of this in order to be rich.
Here is one–who about “you can’t fix stupid.” and only stupid would listen to kiyosaki or buy his fake books that he didn’t write—the woman who wrote these fiction books sued Kiyosaki for cheating her out of $10 million in royalties and won. Get on the web and read “Kiyosaki fraud by John T Reed”…a guy who has exposed the entire Rich Dad system as a criminal scam….READ IT!!!!!!! DO IT NOW..than get back here and tell us what you think…
DNA Dave – It’s usually spelt bollocks 🙂
This book will help you to plan for your own future and be your own boss…the bloe is the book website……
DontTestTheX Rich people make money while they’re sleeping. That’s time freedom.
Cryptocurrencies like Bitcoin are the 5th asset class that make people rich.
Shaun Rosenberg yeah… sure
Blockchain is under the 3rd asset.
Crypto is great but not not an investment! Hope you make money in it though.
Shaun Rosenberg absolutely
Some people rob you with a gun, some people rob you with a pen.
Some people rob you with pubic hair.
개인자산으로 빚갚는것을 거부한다. 부자의 태도를 하나더 배워갑니다. 고맙습니다😊
What he said!