'Saving is for Losers' - Robert Kiyosaki

Adam Sosnick sits down with Robert Kiyosaki to talk about money. In this clip they cover saving money.

About the guest: Robert Toru Kiyosaki is an American businessman and author. Kiyosaki is the founder of Rich Global LLC and the Rich Dad Company, a private financial education company that provides personal finance and business education to people through books and videos.

About the host: Adam “Sos” Sosnick has lived a true rags to riches story. He hasn’t always been an authority on money. In fact, he was quite the opposite... Before hitting it big in finance in his thirties, he worked every job under the sun. In 2006, eager to start making serious money, Sos got an entry-level job at a financial firm as a cold-caller. After a few years of putting his nose to the grindstone and learning the ropes of the finance trade, Sos got promoted to VP of Sales and began to rack in serious money. Despite the financial world around him crumbling in the 2008 Great Recession and people going from making millions to losing their jobs overnight, Sos’s net worth skyrocketed. Seeing what was happening around him led him to recognize the SAVE THAT MONEY mantra.

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Music co - owned and licensed with permission by Azim Rock

***This channel is associated with Valuetainment Media founded by Patrick Bet-David***

[robertmichael]

Spread your money among different asset categories like bitcoin and stock, then further allocate those funds within each category.

[untouchablex]

I save cash to look and wait for opportunities. I put a lot of cash when the market dipped 40% last year. Would not have happened if I didn't save any money.

[hannibalclara]

I don’t know who needs to hear this but stop saving all your money, invest some of it if you want financial freedom

[kelvinreyes]

Why would you save something that they can print immediately?

[badasscop]

I want a discussion about this with Robert and Dave Ramsey.

[gregs]

He mentions when he passes away he will just pass along his silver. The issue I found with cryptocurrency is how beneficiaries will gain access to the cryptocurrency. The deceased person would need to have been extremely diligent to have all the digital wallets and devices with pins and passwords listed. A lot more challenges than traditional assets. I heard a good number of stories of huge accounts just lost when the original owner died.

[LuisRodriguez-tmld]

Rich people always say don’t save money. I live a much better and happier life because I save money.

[henryholliday]

Save your money people, diversify your portfolio, don’t borrow money. Easy peasy

[Hankandrex]

Probably the majority of people need to save some money because it's only going to ever be enough for cushion, not real time investments.

[fatted]

75% of Americans live paycheck to paycheck.
70% have less than $1k saved.
50% less than $500 for emergency.
25% have no savings.

[gregs]

He mentions when he passes away he will just pass along his silver. The issue I found with cryptocurrency is how beneficiaries will gain access to the cryptocurrency. The deceased person would need to have been extremely diligent to have all the digital wallets and devices with pins and passwords listed. A lot more challenges than traditional assets. I heard a good number of stories of huge accounts just lost when the original owner died.

[ihavetubes]

Saving money is good, be careful where you spend it though because everyone wants it.

[spencermendoza]

The old Robert K.... I truly wonder if he really had a rich Dad and a poor Dad 😂?? I think it was all bullshit and he has made millions with his brand, he is a great businessman man but his ideas dont apply to everyone.

[WarTheory]

Scared money make no money -Best advice I ever heard

[tylersipe]

He's a hack he made his millions off of a book telling you how to be rich. It was a great grift

[therealcryptobeauty]

@Valuetainment Short Clips Love Valuetainment and the short clips. My only wish is that there was more emphasis on Volume Equalization in post production. Robert is so quiet in contrast to Adam, who's levels are crushing my ear drums! Keep up the great content! Thanks for your having a great channel 👍🏼

[michael]

Robert is only able to see things from his pov. If the average person doesn't save & puts all their money in silver, they'll have no safety net & be vulnerable

[zanyrom]

This old man is all about marketing making money about giving some dumb advice. He didn’t even answer the question who was being asked

[cryptocashcharlie]

$1000 a week x20 years=1 million in 20 years, a million won’t be worth as much as it is now