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HOW TO CONVERT A LIABILITY INTO AN ASSET - ROBERT KIYOSAKI, Rich Dad Poor Dad




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Название :  HOW TO CONVERT A LIABILITY INTO AN ASSET - ROBERT KIYOSAKI, Rich Dad Poor Dad
Продолжительность :   14.05
Дата публикации :  
Просмотров :   6,8 jt


Кадры HOW TO CONVERT A LIABILITY INTO AN ASSET - ROBERT KIYOSAKI, Rich Dad Poor Dad





Описание HOW TO CONVERT A LIABILITY INTO AN ASSET - ROBERT KIYOSAKI, Rich Dad Poor Dad



Коментарии HOW TO CONVERT A LIABILITY INTO AN ASSET - ROBERT KIYOSAKI, Rich Dad Poor Dad



Arbibator
Whole Crux of "The Rich dad and Poor Dad" Book❤️
Comment from : Arbibator


shrinivas
To marry rich and single girl and have no brothers and sisieris an assetbrMarry poor family girl with brothers and sister Is liability😊👍br🤔
Comment from : shrinivas


Paul Oster
My children have indirectly become assets I never worked hard in my life nor cared until I had children
Comment from : Paul Oster


Zan lee
I don't really understand does he mean income from rental is not taxable in USA? brHe only say he purchase his 1st property when he is 25 years old, but he did not say what he do to earn the money to buy it brI wonder if his concepts work in Singapore, or only apply in US because the policies are very different Just wondering
Comment from : Zan lee


Todes Cove
I have made it here, and even if I'm to late to implicate to my life, I hope to learn to teach my sons They deserve the opportunities I've missed
Comment from : Todes Cove


siyas duniya
Love from India
Comment from : siyas duniya


Pranesh Ramanan
If someone takes a loan to buy a home and rent it out, until the emi is more than the rent, will it be asset or an asset?
Comment from : Pranesh Ramanan


CaLaFaN
I'm confused He didn't explain exactly "HOW" to turn an liability into a asset Regardless I am reading his book now so hopefully he'll clarifyy it more in there
Comment from : CaLaFaN


Ramish Kazmi
The girl is a paid student :D
Comment from : Ramish Kazmi


gokul raj
Sir I'm from India brSir I do not know whether you will accept the comments we are sending you but Iam asking youbrSir i am a first year college student I wantbrto start a business for that can you give me sir some ideas how to develop my knowledge and skills and what can I do to improve my knowledge and skills for financial I want to learn from now on in my life
Comment from : gokul raj


Diva Diamond
Did she have term life insurance?
Comment from : Diva Diamond


james J Clark

Comment from : james J Clark


LIGHT SHINAGAMI
14m:05s was worth the waste!
Comment from : LIGHT SHINAGAMI


Rey Bulos
Nice
Comment from : Rey Bulos


R Balamurali
Is spending money on your sister or mother or any other relationship? does it not an investment on human relationship? should we see it as an opportunity of investing on a human asset or as a liability?
Comment from : R Balamurali


P
I learned never get married don't you ever dare to have family forget kids and just focus on cash flow into your pocket😂
Comment from : P


English Teacher Clare 101 IELTs
Motivational
Comment from : English Teacher Clare 101 IELTs


appkasunilsharma
This is the best channel to learn live from the author of the best selling book Rich Dad and Poor dad
Comment from : appkasunilsharma


Conservative Yogi
How to you pay zero taxes on 6000 rental properties income?
Comment from : Conservative Yogi


chauhan
Fucker calls mother a liabilityd one who brought you in this world is a liabilitywowwkeep this money knowledge with yourself and shove it up ur ass
Comment from : chauhan


Storm Storm
But income from your rental properties still need to take tax out of it And if not Thats what i need to know
Comment from : Storm Storm


Renjith Kumar
Why does she look like an AI generated character
Comment from : Renjith Kumar


Harsh Thanvi
Not applicable in india
Comment from : Harsh Thanvi


Feroz Shaik
How you got 18000 to buy home
Comment from : Feroz Shaik


Aradya Mahesh
There is difference between living and non living thing I hate nd oppose your thought of treating human beings as asset, liability It's like treating living beings as non living beings
Comment from : Aradya Mahesh


Thomas Abraham
If the rate of return is less than the EMI on loan payable, your principle do not work Mostly this is the case
Comment from : Thomas Abraham


Naveen Kumar
Parents cannot be liabilities because had they thought on similar lines we wouldn't have come to this world So we need to have insurance to cover those expenses Becoming rich is an art but not at the cost of dear ones
Comment from : Naveen Kumar


Stephen Allegra
I believe the alimony situation!😂
Comment from : Stephen Allegra


Stephen Allegra
Your off by 15,000
Comment from : Stephen Allegra


Stephen Allegra
It doesn’t cost 18,000 a month for an Alf
Comment from : Stephen Allegra


AMAD WALI
Being a CA student watching this video ❤ boost your concepts
Comment from : AMAD WALI


Amit Bajaj
This is one of the dumbest things I have seen on youtube Thank god they dont teach this in a business school world is saved
Comment from : Amit Bajaj


sujeet kumar
I stayed in a rented house If I purchased house and stayed Is it assest or liability?
Comment from : sujeet kumar


Gaurav Kumar
You can't compare the value of money with emotions We can't be 100 robotic thinking people We're human I'm not saying don't make money Do make money but not by killing the seeds if human species Let's say everyone started following such rules comparing relations with money and cutting out relationships based on benefits and outcomes There won't be no humanity or loyalty or dignity left Slowly lesser the human you become more cruel person you would be Few might survive and remain good but the number will be way low !
Comment from : Gaurav Kumar


Lungougin Kipgen
❤❤❤❤❤
Comment from : Lungougin Kipgen


Equity King
As a soon-to-be retiree, keeping my 401k on track after a bumpy 2022 is a high goal I've read about investors generating up to $250k ROI in this present sinking market; any suggestions for increasing my ROI before retirement would be greatly appreciated
Comment from : Equity King


Abhay Nair
hmmn mortage payment monthly is usually higher than rental income per month how in the world is this good advise?
Comment from : Abhay Nair


🌸Mood MEDITATION🌸
How to buy house with 1000$?
Comment from : 🌸Mood MEDITATION🌸


Rishabh Raaj
I love your teaching, kiyosaki sir but considering kids and parents as liabilities isn't good, I don't agree with you with this point, because they are our fundamentals of life and we can't avoid them
Comment from : Rishabh Raaj


jakethewhale
From the video description, "Your house, 401K and IRA are NOT assets" That alone tells me all I need to know about following his advice There are much better financial teachers out there
Comment from : jakethewhale


Mika Nogueras
Children came be a investment , because in my older years my kids can help support me if I need it If I am sick, instead of hiring someone they can help me with transportation and care For example One mom and four boys
Comment from : Mika Nogueras


Transformation by Sandhya Jane
How sick is this man? He termed his mother, sister or his family members as liabilities…this kind of attitude will create isolated, depressed and vulnerable society What money can do when no human relationship is around…
Comment from : Transformation by Sandhya Jane


Muhammed Zeeshan Rasheed
Train your family for cash flows Train from the start
Comment from : Muhammed Zeeshan Rasheed


pembantai koruptor
Everything you said is Bulshit You rich because you buy your bullshit on book and speech
Comment from : pembantai koruptor


Amit Kumar Ghosh
b*Main Points:*/b br br1 b*Assets vs Liabilities:*/b Robert Kiyosaki discusses the fundamental concept of differentiating between assets and liabilities br - Your house is not necessarily an asset, contrary to common belief br - It depends on how you manage your property to determine whether it's an asset or a liability br br2 b*Financial Education Basics:*/b Kiyosaki emphasizes the importance of financial education and literacy br - Many college graduates lack knowledge about financial statements br - Financial education begins with understanding key terms: income, expense, asset, liability, and cash flow br br3 b*Cash Flow Control:*/b The secret to wealth lies in controlling cash flow br - Kiyosaki explains the cash flow patterns of poor, middle-class, and wealthy individuals br - Being rich isn't solely about education but about effectively managing cash flow br br4 b*House as an Asset:*/b The misconception that a bigger house is an asset is debunked br - A personal residence often takes money from your pocket through expenses like taxes, mortgages, and upkeep br - True assets generate income, while liabilities drain your resources br br5 b*People as Assets and Liabilities:*/b People, including family members, can also be assets or liabilities br - Children are typically considered liabilities due to their expenses br - As people age, family members can become financial liabilities, especially with increasing healthcare costs br brb*Additional Points:*/b br br6 b*Financial Intelligence:*/b Financial IQ is the ability to control cash flow effectively, which isn't taught in traditional education br - College degrees are valuable, but they don't necessarily teach financial literacy br - The cash flow game helps train individuals to understand and manage cash flow br br7 b*Retirement Plans:*/b Kiyosaki highlights the potential drawbacks of traditional retirement plans like 401(k)s and IRAs, which often involve money flowing out rather than in br br8 b*Long-Term Planning:*/b It's crucial to plan for the financial responsibilities associated with aging family members br - Rising healthcare costs and limited insurance coverage can deplete savings quickly br - Having a high financial IQ means preparing for potential liabilities in advance br br9 b*Marriage and Divorce:*/b Kiyosaki mentions how divorce can lead to significant financial liabilities, especially if alimony and child support are involved br br10 b*Focus on Cash Flow:*/b Throughout the discussion, Kiyosaki underscores that the primary focus should be on whether a financial decision increases or decreases cash flow, ultimately determining whether it's an asset or a liability
Comment from : Amit Kumar Ghosh


troll face
Chutia h sala asneer shark thank aur roadies k baad dimag krb h uska bs ek aim h paise kmana y sbhi k hota but bhai politics is like serving nation and people and i don't think yha dhandhe ki jarurat h
Comment from : troll face


Omkar Das
Why I didn't discover this man in my teenage
Comment from : Omkar Das


YuJl Lee
I'm still watching videos from five years ago❤brIt motivates me to study English😊
Comment from : YuJl Lee


M K
Once you get rich, even if you talk bullshit it becomes motivational and educational
Comment from : M K


Luca Paolini
Rob tryin to rizz shorty up
Comment from : Luca Paolini


Arcade Collectors Europe
Assets only put money in your pocket when you sell them, also - I love how all of these gurus say a houae only costs you money but at the same time they have multiple mansions
Comment from : Arcade Collectors Europe


Ahammed Ameen PV 2022
അതൊക്കെ പോട്ടെ, സാധനം കയ്യിലുണ്ടോ😁
Comment from : Ahammed Ameen PV 2022


Jose Mari Nazarene Vista
Im an accountant and what I want for my future child to study is accounting even though I doesnt want him/her to be an accountant Its really important to study taxes and financials of a company Most probably help him to be an entrepreneur
Comment from : Jose Mari Nazarene Vista


Ankita Ghosh
But rental income is also taxable right?
Comment from : Ankita Ghosh


Harshpal Singh
Paying rent vs paying Mortgage for a house which option to go please answer
Comment from : Harshpal Singh


Paul Maddison
Stop watching this guy he's gotten too big
Comment from : Paul Maddison


The VIP - UNEMPLOYED
Government run only on taxes, if people are cheating, how could poor live??
Comment from : The VIP - UNEMPLOYED


AJ121401 JJ
I bought read rich dad poor dad when I was in high school and it put on the road less traveled and I don't regret it Best investment I ever made
Comment from : AJ121401 JJ


BanglaBala
By making the laws of alimony, the government has made women prostitute indirectly Women are doing it getting the chance How it can be government?
Comment from : BanglaBala


Pedro Soares
this guy be like "ok here is a house - now here is an asset now you just house->asset that is how you do it
Comment from : Pedro Soares


copypasta
But bro I need a place to stay right? Rental takes money out of my pocket too
Comment from : copypasta


elpony
This guy is a poor idiot
Comment from : elpony


James Shaver
Thanks bud for keeping us financially Educated! Regardless of how bad it gets on the economy I still make over $28K every single week
Comment from : James Shaver


Linus 6626 Feynstein
What is his "activity" good for? Does he improve anybody's life? Does he create things or art? Does he innovate or discover? Does he harvest or built? Does he educate children and teach them science, literature or math? Does he compete in pro sports? Does he defend his country? Does he generate electricity? Does he hflpmin administration or government? Does he care for the sick snd elderly? Does he help to preserve nature? And finally, does he make himself happy except the fact to have unlimited access to borrowed money?brI might have to read about him in order to gave a better judgement Maybe he does some sort of work or activity that is real and useful So, my complaint is more directed to the interviewers snd video makers This video seems to address just our wish for easy fast money and make use of the obvious flaws of the 'system' and skrew it A teacher is not a fake teacher just because he himself does not apply every little bit of the stuff he teaches I think that hard working people who really help and produce and make our world better or at least endurable and let us all survive are not idios as he is saying
Comment from : Linus 6626 Feynstein


Shailesh Malushte
Financial Literacy just made simpler The backbone of getting rich is maintaining cash flow Thank you Sir
Comment from : Shailesh Malushte


Christian Lombardo
Thank you Robert for providing all these financial education I have a 4 year low mileage sports car I want to sell or trade in for real estate investment I'm doing homework on this now If you can provide any ideas I would greatly appreciate it Thank you my friend 🙏🏻💰💵
Comment from : Christian Lombardo


Austin
What nursing home charges $18k a month?????
Comment from : Austin


Believer
I am not getting what cash flow is he talkingbrIf buying a house for mortgage and rent it outthe emi will be anyways more than rent amount
Comment from : Believer


Ray
Fico score is important for those who dont have a million or more
Comment from : Ray


DR KESAV SARMA MAGANTI
How can i buy a house with my salary Bankers ask IT returns for loan
Comment from : DR KESAV SARMA MAGANTI


SD
Please Donate Send 10 crore money now on bank account Bank account details >> IFSC code : UTIB0000104 >> Account no : 920010063531075 Bank name : Axis bank
Comment from : SD


kon-kara lines
Come on there is not only about house is a liability or a assest it's also about The memories you spent there with your family Isn't it ??
Comment from : kon-kara lines


hawk hawking
I guess his mother is his responsibility, not liability
Comment from : hawk hawking


Joanna Stoeva
06 percent for me 😂😂😂😂
Comment from : Joanna Stoeva


Joanna Stoeva
506 microsoft
Comment from : Joanna Stoeva


SBS Bookkeeping
TLDR: The key idea of the video is that understanding and managing cash flow, as well as recognizing the difference between assets and liabilities, is crucial for financial successbrbr1 00:00 🏠 A house is not always an asset, but can be converted into one depending on how it is used, according to Robert Kiyosaki in his discussion on financial education and literacybr 11 Robert Kiyosaki discusses the misconception that a house is an asset and explains that it can be converted into an asset depending on how it is utilizedbr 12 Financial education and literacy start with understanding the six basic words: income, expense, asset, liability, FICO score, and borrowing moneybrbr2 02:04 💰 The secret to being rich is not a college education, but the ability to control cash flow by managing income, expenses, assets, and liabilitiesbrbrbr3 03:13 💰 Your personal residence is not an asset because it takes money from your pocket, while an investment property that generates cash flow is considered an assetbrbrbr4 04:56 💰 Focus on cash flow when making financial decisions, as assets put money into your pocket while liabilities take money out of your pocketbr 41 Financial intelligence is the ability to control cash flow, and buying a car is a liability unless it generates cash flow, as demonstrated by the example of NFL players who go broke because they can't control their cash flowbr 42 Assets put money into your pocket, liabilities take money out of your pocket, so focus on cash flow when making financial decisionsbrbr5 07:36 💰 Kids are liabilities as they are expensive and get more expensive every year, and as people get older, family members become liabilities as well due to the high cost of long-term healthcarebrbrbr6 09:01 💡 People often overlook the financial impact of family members, who can become liabilities due to medical expenses and insurance issues, emphasizing the need to view them as both assets and liabilities in financial planningbr 61 Many people don't realize that their family members can become liabilities, especially as they age, with medical expenses depleting savings and insurance companies canceling coverage, making it important to consider people as both assets and liabilities in terms of financial planningbr 62 Men who divorced their beautiful wives are now paying a million dollars a year in alimony and child support, which is funding their ex-wives' boyfriendsbrbr7 11:37 💰 Financial IQ is crucial for managing cash flow and solving problems, like covering expenses and taking care of loved ones who may become liabilities, so it's important to consider the number of liabilities before pursuing personal interestsbr 71 Financial IQ is the ability to control cash flow and solve big problems, such as generating enough cash flow to cover expensesbr 72 Cash flow is important to take care of loved ones as they become liabilities, and it is necessary to consider the number of liabilities one has before pursuing personal interestsbrbr8 13:20 💡 Learn and master the concepts of income, expense, asset, liability, and cash flow to gain financial intelligence and control your financial situation
Comment from : SBS Bookkeeping



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