Get rich using debt | Robert Kiyosaki

The reason why the rich get richer and how you also can generate passive income or cash flow. Why debt isn't necessarily bad and what differenciates "good" debt from "bad" debt. How to define an asset or a liability.

Source: The Rich Dad Channel
Speaker: Robert Kiyosaki

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[arrengonzalez]

rentals are liability’s becaus it’s a risk that people might not pay u back

[Kanal]

Not everything that is profitable is worth being done. And not everything that is worth being done is profitable. Your house, your furniture, your rules. Money is not a goal. The goal is freedom and happiness. To be happy you have to either decrease expectations or increase efforts.

[IceAge]

Car is an asset because you use it to go to work which makes you money.

[jacklarson]

Bad Debit: buying assets that will appreciate in value.

Good Debit: buying all of Kiyosaki's books and boardgames.

[sulitero]

so are you happy? are you satisfied? so what else are you plan on the future? what do you gonna do to your debt when youre time is come?

[peterdewein]

I don't choose to live on the street,

[EllantEladar]

So it's much better to buy more renting houses that people would rent to gain more money?

How can that be possible to allure such people with less income generating money?

[mdrowkonislam]

Does he buy that house from where he can put money on his pocket?
I Won't able to understand.
Example : He took loan like 'X' dollar from the bank.With this money, he bought a house to live his tenant there or he just borrow that house?
That's my question.

[kidweirdo]

What about when the renter can't make payments, which is going to happen that money is not guaranteed. Then when there is no renter it returns to your liability again.

[acupofteabagyoutube]

bro all these shorts with robert kiyosaki is him yapping the same information over and over, please give me some new information

[kivitropikal]

What if you live in the house you bought? You're not paying rent which means money in your pocket stays in your pocket and the house is an asset in this situation. Over the years it might get old but who cares it's value rises because of high inflation.

If you can buy a house, first do it. Do not pay rent. Because rent is an endless debt. If you took credit and in debt but bought a house you did right you are in debt and you won't pay rent. He's always talking about taxes but how much tax can it be to a house?

[bryantpartazana]

So where does he live? Does he own or rent his own home?

[rafayulhaqueshamsi]

If we buy house and rent it then where we live??

[mr.fellafella]

Really dude? Leverage effect is your whole secret? That's actually first grade uni stuff...

[jayjay]

This is all this man can talk about and often touts himself as smart… lol

[harshachimirala]

Then where does he live in other house paying same rent?😂

[ModelTrainers]

In nature in physics, everything has aspects of liability and asset

[Sain_Studios]

Bro Expenses also take Money from you pocket, granpa doesn't even know basic accounting and giving speeches like he know sumthin

[arrengonzalez]

dude says a house isn’t an asset like he knows accounting. There’s a reason there’s classification for these things