💰 Ramsey vs. Kiyosaki: The Ultimate Wealth Strategy Showdown | The Mark Moss Show

🔥 Get ready for an epic showdown on The Mark Moss Show as we dissect the financial wisdom of Dave Ramsey and Robert Kiyosaki, two giants in the realm of personal finance.

🧠 In This Episode:

Debt Philosophy Clash: Understand the stark contrast between Dave Ramsey's debt-averse teachings and Robert Kiyosaki's advocacy for leveraging debt.
Investment Strategies Unveiled: Dive deep into their approaches - from Ramsey's mutual funds advocacy to Kiyosaki's real estate and diversified investment focus.
Risk Management Insights: Explore how each guru suggests navigating financial risks for maximum wealth growth.
💡 Why This Matters:

Whether you're a die-hard Ramsey fan, a Kiyosaki enthusiast, or somewhere in between, this episode offers invaluable insights into shaping your financial journey.
Gain a balanced understanding of differing wealth-building perspectives.
Mark Moss brings his expertise to the table, guiding you through the complexities of each approach with clear, actionable advice.
🎯 Key Takeaways:

Discover the potential benefits and drawbacks of avoiding versus embracing debt.
Learn how to tailor investment strategies to your personal risk tolerance and financial goals.
Get Mark's unique take on merging the best of both worlds for financial success.
🌟 Don't miss this chance to gain a comprehensive understanding of Dave Ramsey's and Robert Kiyosaki's strategies and decide which path aligns best with your financial aspirations. Tune in to The Mark Moss Show for a masterclass in wealth-building strategies!

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They are impersonating me in the comments. My comments have a "checkmark" so look for that. Please beware, I will never message you asking you to give me money or to talk to me on WhatsApp. This is my only YouTube channel, and my social media platforms can be found below. 👇

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[RLBerger]

This podcast should be reviewed by every high school student in school or at home or both!

[robalexanderhealth]

Ramsey for personal finances
Robert for business

[newguyguy]

Another critic of Ramsey that does know enough about him and why he does what he does.

You leave out RISK IN all that talk

[chillstress]

Kiyosaki is a billion in debt, he must keep the machine cash flowing or he will go bankrupt. Ramsey's method on the other hand, is for people who want to get wealthy without going into debt. debt is a trap, you either cash flow it and someone else pays for it, or you have to pay for it. I'd rather have zero debt and be closer to true financial freedom.

[Colonel.]

Thanks for the video, Mark. Happy Holidays!

[scenile]

Top notch thinking, thanks for the alpha mark!

[USMC]

Of course you want to pay off the highest interest rate, first. but if that is your highest balance, how long you think that will take? People that have no success, tend to quit. lowest balance gives them a quick win.

The moment you said "i don't have tax write offs", you lost credibility. That's a loser comment. You're going to spend $100 to save $38 (or less if you're not up there in the income range)? yeah, that makes no sense at all.

$1, 000 savings for a starter emergency fund is doable for anyone working. That's why it was chosen. It's a quick win, something that helps build hope that people can become debt free. Lowest balance debt payoff regardless of the interest rate, same thing. It helps people have hope they can achieve debt free. People that can live debt free are beholding to no one. They don't have to worry about some a-hole boss telling them they are fired or the bank calling their loan.

[joseconcepcion]

Your awesome, what a great presentation, the young need to hear you

[Specialcowgirl]

I couldn’t agree more with your analysis. My husband and I decided to invest in blue-collar businesses. We own several in the DFW area and my husband is currently working on building out his own automation engineering company. We don’t want our children to go to school either, we would like to groom them to take over the business And learn things applicable for the future. all of this started because I was a exotic dancer making fast cash and he learned engineering by watching YouTube videos and working for Pennie’s in new companies trying to manufacture products more efficiently. We pulled our resources together and so far are doing very well.

[elevatormechanic]

Does that $93, 000 for the average consumer debt include the mortgage?

[cdistasio]

Mark, I do not file tax returns or pay income taxes. The modern income tax began in 1913. Congress did not have the power, contrary to your popular belief, to impose income taxes on anyone who just earns money.

However, The US supreme Court in 1916 in two cases ruled that the 16th Amendment, ratified in 1913, to the US Constitution just clarified congress's authority pertaining to income taxation.

The US supreme Court has said the income tax is nothing more than an indirect excise tax. The court then clarified that Congress could not take this indirect excse, package it up as a direct tax and impose it that way, they said that way would still be unconstitutional.

So, what does the law actually say versus what you believe it says pertaining to who is liable for income taxes? First you have to know that Congress did impose an income tax on the following classes of persons only because these are the only classes of persons that they could impose the tax on. These are non-resident aliens and foreign corporations deriving US domestic source income and US citizens residing abroad with foreign earned income.

In US tax law a US person is explicitly a US entity of any type that has control US domestic source income heading to a foreign person. And that's the income tax in a nutshell

[mikeg]

A low interest rate mortgage at 30 years can be an asset. You are aligning yourself up the same as the Fed and the government to inflate your debt away. It's a transfer of wealth.

[AllNighterHeider]

Thanks Mark.
Would love to have you collaborate with a good friend of mine, Michael Zuber of the One Rental at a Time channel. His channel is real estate and economically centered and he asked us viewers to ask you, so pretty please with a 🍒 on top.

Ill reach out to you in the group too with his contact info. Really appreciate you as always my man.

Thanks Mark and Market Disruptors

[keepitreal]

2 baby boomers. Things are a bit different these days. Not a fan of both of them. conceded individuals. Listen to Napoleon Hill more grounded.

[handyrams]

Ramsey is very low risk. Kyosaki is higher risk, and arguably, his timing is terrible.

[gastUCR]

I wish I learned all this before my woman spent all my
Money cheated on me took my livelihood my manhood and my dog.

[dannygonzales]

A LOT OF NONSENSE !!! YOU DONT HAVE TO OBEY RULES SET BY THE RICH