TradeCU – Trade See You » Finance » Robert Kiyosaki talks about Financial IQ
Robert Kiyosaki talks about Financial IQ
This is a snippet of what Robert Kiyosaki was teaching at a symposium, interesting stuff. For anyone interested you really should go and read that book called 'Finanical IQ)
Source: Robert Kiyosaki talks about Financial IQ (Youtube).
Filed under: Finance · Tags: bailout plan
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good stuff
started reading his books when I was still in grade school and Kiyosaki inspired me to get involved in a program that is changing my life. See my channel for details.
An example of using a house as an asset is to pay a huge down payment into the house, say about half, then you’re only paying half the mortgage per month. Then you charge the regular mortgage +10-20%. Another idea is to buy a house for yourself, but have it split into a duplex, where you charge rent on the other half. Finally, you can just use the stock market for real estate. Determine what developer companies primarily build in cities where the market prices always seem to raise.
The only thing he is, is a crafty schemer. In one of his booklets he claims he started researching into network marketing in 1994 after getting rich from his wallet company. The truth? His wallet company became bankrupt and he started in networking marketing (aka pyramid schemes) in 1980′s. Want to know another funny lie? Kiyosaki has been pressing that Rich Dad was a real person in order to keep his book in non-fiction. Then in 2003, he gave up and compared Rich Dad to harry potter!
Thanks for posting this video, great post. Robert’s genius is in taking a complex subject and presenting it simply. The method is not for everyone, but he puts it out there for those that might be interested. Cheers!
Mr Kiyosaki is obviously a polished speaker. In this video clip he makes good observations about how you can build your income – the ESBI diagram is excellent for that point. You typically do better working for yourself than working for someone else, and you do even better when others work for you (and/or if your invested money works for you). Mr, K will have a technical problem with accountants about his description of assets and liabilities. His portrayal of them is philosophical.
If you like the book “Rich Dad, Poor Dad,” you will also like the book “MONEY: Make, Manage, & Multiply It!” if you want some practical advice on getting ahead with your personal finances. You can find it on Amazon.
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This is good information, check out my channel on how you can build your own business asset and improve your cash flow
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Yet another financial guru.
I thought an asset as an accounting term is defined as anything you own that has value regardless if it generates income or not. Does Robert know something I don’t?
Koby kamhaji
Las instituciones financieras tienen dos objetivos 1) traer ganancias a la compañía 2) tráele ganancias al inversionista ,, que pasa cuando estos dos objetivos se cruzan una con el otro ,,por supuesto que van a preferir traerle ganancias a su compañía aun que sea a cuesta del propio inversionista.
Es hora que protejamos ( parte de ) nuestro capital en inversiones tangibles ,, es hora de invertir en,, Diamantes
@TheKuroky It’s a semantic difference. Robert has a different definition of an asset, the same way that “hard” can mean a hard rock or a hard cock
That is pretty important stuff. Many thanks for your passion to give this sort of helpful tips here.
Thats generally especially worthwhile stuff. Thanks a lot for all your determination to present these kinds of helpful information here.