How to Attract Investors and Use Other People’s Money - Robert Kiyosaki, @KenMcElroy

There are two ways to get rich. One way is to use your own money. The other way is to use other people’s money, or as we call it at Rich Dad, OPM. One (using your own money) provides small-to-modest returns, takes a long time to pan out, and requires some financial intelligence. The other (OPM) provides large-to-infinite returns, creates incredible velocity of money, and requires a high financial intelligence. Today’s guest says that whether you want to purchase real estate, start a business, or create a charitable foundation, anyone can raise money. 

Ken McElroy, Rich Dad Advisor on Real Estate and author, says, “Most people believe that they have to come from a rich family, or have the capital raised, and those are just excuses.” 

Host Robert Kiyosaki and guest Ken McElroy discuss how to put other people’s money to work for you, and Ken’s tips for raising capital. 

#financialeducation #robertkiyosaki #raisecapital

Facebook: @RobertKiyosaki

Twitter: @TheRealKiyosaki

Instagram: @TheRealKiyosaki

[ericmendels]

Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $160K for sometime now, my major challenge is not knowing the best entry and exit strategie;s ... I would greatly appreciate any suggestions

[benjaminlogan]

A perfect storm is brewing in the United States. Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. <It's all coming together and it could lead to a real disaster towards the end of this year (or sooner). With inflation currently at about 6%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.>

[roseroland]

Only if a good amount of folks do what you teach, just imagine how many millionaires we already have or will have in the future. Not the sad statistics where at least 50% of people are living paycheck to paycheck, even for high income earners. Great contents as always!

[akirakrusemark]

You’re right! The current market might give opportunities to maximize profit, but in order to execute such effective transactions, you must be a skilled practitioner.

[devdaniel]

Is now a good time to invest in stocks? I know everyone says stocks are cheap, but how long will it take for us to recover? Obviously, there are strategies to be used in this market, but these strategies are not available to the average person, so am I better off putting my money elsewhere?

[andrew.alonzo]

Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.

[donalddavis]

I'm not even kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it, Investing is a long-term game, so I try to focus on the long term.

[jacksonroman]

I came here to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $460, 000 in 4 months from $160k. Somehow this video has helped shed light on some things, but I'm confused about the current market volatility, I'm a newbie and I'm open to ideas.

[erichkraetz]

My wife and I did very well in the amount of money that we amassed for retirement. Well over 80% of that money was made because of taking advantage of buying high-end stocks at a deep discount during the Great Recession. 2009 I fired the stockbroker got rid of all mutual funds and bought individual dividend stocks. Be patient don't get scared and do your homework and you can make a killing.

[samuelwatt]

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it. "You're not going to remember those expensive shoes you bought ten years ago, but you will remember every single morning when you look at your bank account that extra 0 in there. I promise, that's going to be way more fun to look at everyday", I pray that anyone who reads this will be successful in life

[drnjayy]

So much wisdom 😊
•Cash flow; the money has to flow
•The best deals never get outside- the more the adverts the worst the deal. You want to get on the inside.
•How to raise capital-Looking for deals and then informing investors, do the work, there are people with money looking for what to invest in, you don’t have to use your own money!

Thank you sirs 🙏

[britney_david]

Hello what's the best way to get started with biction investment cos I've been making personal research for a while now.

[chriskim]

I love Robert's respect for Ken and the importance of management. It's such an important element to a cash-flow centered philosophy.

[alankent]

I just loaded up on these stocks, but my questions is how can I make short term profit, I read articles of investors that made over $500K after a couple trades and I'd appreciate clue on how to make better profit

[kknplnm]

I read rich dad poor dad and went to his class in 2011 in Edmonton Canada. It was great. I started the business without using my $. Last 2 years, I bought a condo. now I buy it again. today, I have 3 properties and 1 oversea. You have to understand what Robert and Ken are talking about first. Then start 1 unit first and learn. I have 1 unit and 2 houses. Thanks to your teachings!

[georgeneramos]

Let's not forget that the biggest payouts in the markets don't come from great performances but rather it's great promotions. Stay invested, diversification for streams of incomes is very important.

[laurenandrews]

We work for years to have, $1million while some people I know put thousand of dollars in some meme coins and they are millionaires.

[ggrthemostgodless]

I don't know how it is in other places, but in my country you spend all that time and effort to find a "good deal", then you go to the bank to finance it, even if you already have the tenants willing to move in and all that, the bank WILL STEAL YOUR DEAL, and the people there will call their friends and tell them about what took you so long to find, they will give it to them instead of you once you told them all the details of it. Unethical? yes, but how can you prove it. The NDA you sign aren't worth the paper is written on it. Of course, from what is known, the people at the bank get kick backs and all that.
They do the same if they foreclose on a property, they call their friends and they can get it.

I wish someone would tell me a way around these situations, because buying a property is great.

[ujunwamaureen]

I'M NEW TO BTC AND I'VE BEEN MAKING LOSSES TRYING TO MAKE PROFIT MYSELF IN TRADING...I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET... CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?

[ldon]

so, although i love the info, it feels like it's missing specifics that would really help me to understand something. I keep hearing "use other people's money" ie the bank. But i don't know of a bank anywhere that will lend with 0 down. If I already have my own house and im wanting to buy someone else's house as a rental, I have to have a minimum of 20% down....sometimes 50%. So how do you raise that captial? Let's assume that im not cool with asking friends and family to front me something I wont front myself. That's what's confusing to me. I get using the banks money....but the banks don't do 0 down loans on investment properties any more. Can someone explain what im missing? How do you get investment money without having your own skin in the game. I feel like this never gets explained.