Why Savers Are Losers? | Robert Kiyosaki | Success Resources

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Have you ever wonder why you can't get rich even though you save a lot? It's because when you save, you pay tax. Financial education is extremely important than getting a PhD and paying tax. We have to learn everything we needed to make money without paying tax

According to Robert Kiyosaki, academic qualifications are important and so is financial education. They're both important and schools are forgetting one of them. Robert Kiyosaki is many things: an author of self-help books, an investor, a business man, as well as a motivational speaker. Robert is best known as the bestselling author of a series titled Rich Dad, Poor Dad and has become one of the leading voices in educating people in the area of developing their own personal finances.

In this video, "Why savers are loser?", Robert Kiyosaki is explained why savers are loser and stop saving money and pay no tax.

VIDEO HIGHLIGHTS
03:16 If I save money I pay tax, Isn't that stupid?

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ABOUT ROBERT KIYOSAKI
Robert Kiyosaki is best known as the author of “Rich Dad, Poor Dad” the #1 best-selling personal finance book of all time. He has become one of the leading voices in educating people in the area of developing their own personal finances.

Robert served in the US Marine Corps as a helicopter gunship pilot during the Vietnam War. In 1974, he left the Marine Corps and worked as a salesman in Xerox Corporation for a couple of years before leaving to start up his own business.

His first business was a new concept of wallet which used Velcro and nylon. These “surfer wallets” would eventually end up becoming a multi-million dollar product and Robert would receive his first real taste of success. But with a change of trends, his businesses left him bankrupt, homeless, and owing $850,000 to the banks. Robert Kiyosaki would go on to help people and educate them on how to completely avoid the pit of bankruptcy, and even achieve financial success.

With twenty-six books in the Rich Dad series, Robert has sold more than twenty-seven million books worldwide. His works have been translated in fifty-one different languages for markets in a hundred-and-one various countries across the world, eventually leading him to countless bestsellers lists across Asia, Australia, Europe, Mexico, and South America. Kiyosaki experienced growth that in only nine years he became a multi-millionaire.

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He reveals the financial system exactly how it is. He may not have been an A student in academia but in real life financial school the guy is very smart...dare I say brilliant.

gaelanhansel
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His poor dad was the head of education. He was an "employee" but he was still a top earner. This man never experienced poverty in his entire life.

cashboy
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Because it costs him absolutely nothing. “When you can borrow at an interest rate that’s below the rate of inflation you’re essentially borrowing for free

When you can borrow for free, there’s no sense in tying up your own money, when you can use that money for more profitable things.”

rayman
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Buy a lot of rentals units, use bank and OPM to pay off your loans

mrczz
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Im so confused
I shouldnt save my money?
How do I pay with debt ?
Can someone help me understand

Cee_HNH
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Inflation and the horribly low interest rates have destroyed savings. Might as well invest wisely.

TesterBoy
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Why do i get these video's as recommended? If I don't want to get rich who i have to call? Answer me YouTube please.

SamsungJ-ueyb
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it takes money to make money he mentioned earlier and another video his wealthy father got him started so you see it takes money to make money

gabriellebudd
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Is this also true for forex reserves of countries ?

visheshsayal
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You do NOT get taxed when you save money. You put your money in a savings account and the balance stays the same unless YOU withdraw from it. Who the hell gets taxed on saving money? Nobody.

YorkshirePiper
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If you r borrowing money then you r paying tax correct?? Zero tax?

shabanachowdhary
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The kind of knowledge we need to learn, understand and apply 👏👏👏🤝🤝

thabangkanti
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So in the beginning you are saying that is bad to save money and invest in Stock market???

brainnpower
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Buy his system & books so he gets richer? He has some valid points and It can work for some, his method doesn't apply for everyone.
There is still risk involved in business transactions and debts to pay back after your over a barrel from the banks.

TEA-fjut
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Heard it all before. Typical TV/YT guru talk. Having 'rainy day' liquid funds is critical financial planning. Perhaps draining the bank account and 'investing' in day dreams is the way to go when the car needs repairing, the plumbing needs fixing and a host of other things on the horizon. That's OK, let's max out a couple pf credit cards for starters and of course I just know my relatives will help out!

paulbroderick
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Where can I watch this whole conference??

dusan
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If everyone followed this guy's advice, society would collapse. It's a 0 sum game.

Coneman
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What about here in UAE where you don't have tax

adilyamahamace
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Ok savers are losers
...investors are winners..tnx

sixtomumarjr
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Im an E student but I manage to have more money than I expected.

asaasaalmirol