Terrible Investment Advice from Robert Kiyosaki! - Do you agree with him?

Robert Kiyosaki says taht you shouldn't own #ETF or #Stocks!

He believes that real estate is a better investment and says that #investing in the stock market takes money out of your pocket.

Do you agree with his advice? Let me know in the comments!

Want to buy me a coffe to support this Channel for more AWESOME videos? I appreciate you!

[MoeLueker]

Do you agree with this Advice? WHY?! Let me know in the comments!

[robmoore]

Let’s see, he’s a billionaire and you’re not. I’m listening to him homie✌🏾

[laughingtoon]

I am sorry he's right(Robert) because your money just sits there which means you are actively losing money, but for most normal people it is Is actually helpful.

[hetanshmoradiya]

Bro thought everybody's gonna take his side😂😂

[Somebody-hzcp]

Ok here's the reason. 401k's are subject to the market. Many can get wiped out during a recession and take a long time to rebound. It's basically wall streets safety net for a tank like the great crash. They are using you. 401k's are also tax differed.
By the time you are old enough to receive that money for one there should be more money than what you put in, you hope. Two there is a high probability that taxes will be higher than when you are now putting that money away. Hence the government hopes you are putting tons of money into these lifelong scams.

[Gamesnolames]

I get what your thinking but it’s further from the truth. A house is something you have to pay off over a long period of time. Like a mortgage. That mortgage may last 10 years 20 years 30 years. You are constantly spending your mortgage payment for that one house. That’s what makes it a liability.

[jordanmiller]

I agree when it comes to funds. The vast majority, some 95% fail to beat the market over a 10 year period.

[bigxrecords]

You gotta watch the whole video for it to make sense

[catinator]

His point is that with the money in these lets call it investment pots ypu get an apy, disregarding all current market conditions its proven that its more effective to actually leverage that money you have to get more money and to buy assets that produce a positive cashflow and additionally you have to pay expensive things with other peoples money or other peoples time thats why you always have to read the book first tl understand what ones saying! Im on your side with the stocks- but do stocks really make sense in a small period of time? Additionally you have to calculate all the tax that comes with it - be a small business owner an agency or smth and you will be able to write off extremely high summs of your tax burden its always a combination of all things - but im 22 and still learning so always glad to hear feedback

[radioisayah]

Everybody has a flaw no matter how wealthy they are.

[stuartmooney]

Robert Kiyosaki a bankrupt and a bull s—t artist.

Rich Global LLC filed for bankruptcy 7 August 2012 in the Wyoming bankruptcy court. The company was ordered to pay around $24 million to Learning Annex.

He forgets to mention his third Dad. “Screw your partner and avoid your obligations with shell companies” Dad

He is selling books and courses to make himself rich.

[TheWordofTruth]

If it’s money that I don’t control, it isn’t mine.

[eastcoastsnow]

Lmfao you can use leverage in stocks it’s called margin. And you can make such a significantly higher percentage in stocks than real estate so who cares about paying the taxes? Stocks are also insanely liquid unlike a real estate property

[MM-overtime]

Its a liability. You pile money in it with out interest (actually you pay interest to the bank) your responsible for all repairs, taxes never stop and some of the time you dont even make your money back. You cant even call it a savings acount bc again your interest not recieving it

[dewayneabner]

I agree. The reason why Robert Kiyosaki said your house is not an asset is because you're paying mortgage for 15-30 years to the bank and not having any money being put in your pocket. The reason why He doesn't like stocks because they're easily manipulated and controlled by criminals including wall stree. It's a centralized market.

[marktownsend]

If you buy in at the wrong time, it’s a liability.

[EnchantedMagna]

You should have added music and another voiceover. Have 2 people talk at the same time isn’t enough

[notorious]

You have to watch a lot more than just this clip to understand where Robert is coming from. He makes a lot of sense and his advice is priceless. I wouldn’t call a man who has 7000 rental properties stupid. He is a genius

[dlickas]

I agree with him. You are investing in something you hope to be alive to be able to get money out of by the time you are 59.5. I have gotten rid of all of my stocks and only buy real estate, gold, silver, crypto, and ammo.

[jeffreyscottfishman]

Whatever he is doing and saying I would listen. Look how he gets his money. Proof is in the pudding.