Название | : | HOW TO CONVERT A LIABILITY INTO AN ASSET - ROBERT KIYOSAKI, Rich Dad Poor Dad |
Продолжительность | : | 14.05 |
Дата публикации | : | |
Просмотров | : | 6,8 jt |
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Whole Crux of "The Rich dad and Poor Dad" Book❤️ Comment from : Arbibator |
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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 |
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My children have indirectly become assets I never worked hard in my life nor cared until I had children Comment from : Paul Oster |
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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 |
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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 |
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Love from India Comment from : siyas duniya |
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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 |
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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 |
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The girl is a paid student :D Comment from : Ramish Kazmi |
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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 |
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Did she have term life insurance? Comment from : Diva Diamond |
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Comment from : james J Clark |
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14m:05s was worth the waste! Comment from : LIGHT SHINAGAMI |
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Nice Comment from : Rey Bulos |
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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 |
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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 |
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Motivational Comment from : English Teacher Clare 101 IELTs |
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This is the best channel to learn live from the author of the best selling book Rich Dad and Poor dad Comment from : appkasunilsharma |
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How to you pay zero taxes on 6000 rental properties income? Comment from : Conservative Yogi |
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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 |
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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 |
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Why does she look like an AI generated character Comment from : Renjith Kumar |
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Not applicable in india Comment from : Harsh Thanvi |
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How you got 18000 to buy home Comment from : Feroz Shaik |
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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 |
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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 |
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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 |
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I believe the alimony situation!😂 Comment from : Stephen Allegra |
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Your off by 15,000 Comment from : Stephen Allegra |
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It doesn’t cost 18,000 a month for an Alf Comment from : Stephen Allegra |
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Being a CA student watching this video ❤ boost your concepts Comment from : AMAD WALI |
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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 |
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I stayed in a rented house If I purchased house and stayed Is it assest or liability? Comment from : sujeet kumar |
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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 |
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❤❤❤❤❤ Comment from : Lungougin Kipgen |
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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 $250k ROI in this present sinking market; any suggestions for increasing my ROI before retirement would be greatly appreciated Comment from : Equity King |
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hmmn mortage payment monthly is usually higher than rental income per month how in the world is this good advise? Comment from : Abhay Nair |
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How to buy house with 1000$? Comment from : 🌸Mood MEDITATION🌸 |
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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 |
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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 |
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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 |
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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 |
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Train your family for cash flows Train from the start Comment from : Muhammed Zeeshan Rasheed |
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Everything you said is Bulshit You rich because you buy your bullshit on book and speech Comment from : pembantai koruptor |
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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 |
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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 |
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Why I didn't discover this man in my teenage Comment from : Omkar Das |
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I'm still watching videos from five years ago❤brIt motivates me to study English😊 Comment from : YuJl Lee |
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Once you get rich, even if you talk bullshit it becomes motivational and educational Comment from : M K |
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Rob tryin to rizz shorty up Comment from : Luca Paolini |
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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 |
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അതൊക്കെ പോട്ടെ, സാധനം കയ്യിലുണ്ടോ😁 Comment from : Ahammed Ameen PV 2022 |
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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 |
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But rental income is also taxable right? Comment from : Ankita Ghosh |
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Paying rent vs paying Mortgage for a house which option to go please answer Comment from : Harshpal Singh |
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Stop watching this guy he's gotten too big Comment from : Paul Maddison |
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Government run only on taxes, if people are cheating, how could poor live?? Comment from : The VIP - UNEMPLOYED |
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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 |
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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 |
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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 |
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But bro I need a place to stay right? Rental takes money out of my pocket too Comment from : copypasta |
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This guy is a poor idiot Comment from : elpony |
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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 |
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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 |
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Financial Literacy just made simpler The backbone of getting rich is maintaining cash flow Thank you Sir Comment from : Shailesh Malushte |
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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 |
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What nursing home charges $18k a month????? Comment from : Austin |
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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 |
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Fico score is important for those who dont have a million or more Comment from : Ray |
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How can i buy a house with my salary Bankers ask IT returns for loan Comment from : DR KESAV SARMA MAGANTI |
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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 |
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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 |
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I guess his mother is his responsibility, not liability Comment from : hawk hawking |
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06 percent for me 😂😂😂😂 Comment from : Joanna Stoeva |
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506 microsoft Comment from : Joanna Stoeva |
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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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