How good debt make you rich. | Robert kiyosaki #shorts #vpmotion #money #financialeducation

How good debt make you rich. | Robert kiyosaki #shorts #vpmotion #money #financialeducation
Robert Kiyosaki is an entrepreneur, educator, and investor, best known as the author of Rich Dad Poor Dad—the #1 personal finance book of all time.
He has challenged and changed the way tens of millions of people around the world think about money. And he has become a passionate and outspoken advocate for financial education.

Robert kiyosaki is the author of book FAKE: Fake Money, Fake Teachers, Fake Assets: How Lies Are Making the Poor and Middle-Class Poorer . Robert Kiyosaki broke the internet with this life changing speech. They don't want you to see this! This is why the poor stay poor and the rich get richer!
#shorts
#robertkiyosakishort .
#rich
#vpmotion
#financialeducation
#money
#bank

[KingKongKiller]

Dr. : "Mr. Kiyosaki you have only 3 weeks to live"

Kiyosaki: use debt!

[kleindropper]

So he's not rich, he just borrows money and hopes he dies before he has to pay it back.

[ELSAMRAS]

Mini storage, but now you have to manage all the garages, insure them, repair them, find tenants, evict non paying tenants….

[Thomas-sdrq]

“Whats the name of your daughter?”
“Debt”

[robertk]

You can't get millions in debt unless you already have millions

[ciaojay]

Thank you. Now the debt collecting guys are going for my head

[hasibgns]

What happens to your debt when you die?

[fullmatches]

Always talking about debt...never about the interest he.s paying fpr the loan.

[aykutpelvan]

if you listen to him you will be restless, debt free life is restfulness .

[DavidSmith-sqrh]

3 things this guy never talks about:
1. The INTEREST that he has to pay on debt.
2. The TAXES he has to pay on property.
3. The WORK he has to do to manage all the properties he allegedly owns.

[muhimmen]

lets say u got a debt and buys a real estate with that what would u do if real estate prices go down ??

[Nils_]

How do you pay for the Ferrari? If you take out money, you need to tax that money

[قآھړآلْطۈآغڀٿ]

I live in gulf countries and debt is a bad idea we work with debit not credits as there is low taxes

[Fadylineage]

Honestly, this was one of the dumbest things I ever heard. You buy the garage or storage with debt. The money you make off of that pays your monthly debt paying, and with the extra money, you pay your Ferrari bill. But to get the loan, you need to put money down and have assets. But think about this, go look at how much a Ferrari costs to pay (gas, insurance, payments, monthly up keep) don't forget to add your monthly payments of the garage or storage to those Ferrari payments. You need to understand with these scam artists. They use words to explain a business of numbers. Remove Ferrari and place a number. Remove garage and storage and place it with a number. Remove debt and place a number.

[madeofbutter]

If the mini storage profit pays for the Ferrari, who pays for the debt too buy the storage

[dineshkumardas]

This guy is talking about debt bcoz interest there is 1%. Here interest on debt 11 to 16%

[jaykanojiya]

What about if any crash happen and you have too much debt buying real estate ?

[deraffenkoenig]

So now all the people in high debt are struggling because if high interest rates

[newgamer]

So he is talking about a mortgage and then using the 1st home to borrow against?

[JaymeJay]

Learns about money but doesn't know what an asset or liability is lol