I am $1.2 Billion in Debt, Here’s What Banks Don’t Want You To Know About Money
In this video I share why understanding and using debt strategically can be the ultimate financial game changer. This isn’t about reckless borrowing—it’s about leveraging debt as a tool to generate wealth.
We start by going back to 1971, when President Nixon took the U.S. dollar off the gold standard, transforming money as we knew it. Today, every currency—whether the U.S. dollar, peso, yen, or euro—is debt. Yet, mainstream financial advice often tells you to live debt-free, and while that’s safe for most, the wealthy play a different game: using debt to build assets that produce cash flow.
I’ll explain the core principles of financial literacy, using my experience and the concepts from Rich Dad Poor Dad and the Cashflow board game. We’ll cover why buying liabilities like cars and houses with debt keeps you poor and how using debt to acquire assets makes you richer over time. Financial literacy starts with understanding two key words: cash and cash flow.
#debt
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Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.
The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.
Great man why you don’t be a president in America or Japan
Maybe because he’s not corrupt.
@@derekpapertrail4915Trump does it for the passion for his beloved country
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debut under some kind of corporate structure. Not personal debt!
Knowledge is Power
Ignorance is Evil 😈
Machines should work. People should think.
Ignorance is not evil.
However, when you see a post in which an individual is telling others to do their own research, that point of view is evil, as those who constantly post that statement, will not take the time to share key words, or the websites they used to do their research.
Just because one used google on January 1, and found specific information, does not mean that same information is going to still be findable on February 1.
Videos get taken down on YouTube all the time, and google owns YouTube. Therefore you ought not to expect the information will always be findable on google.
Knowledge is not power.
The only thing that gives you power is action. Tony Robbins.
@@videohut4445
“Knowledge is not power.
The only thing that gives you power is action. Tony Robbins.”
Actually, it’s both together.
It doesn’t matter how much action you take, if you are taking the wrong actions, it will end in failure.
Only when action is directed by the knowledge of the proper action to take to solve a problem, will the problem be solved.
Look at it from the standpoint of taking a road trip.
You come to the highway and GPS directs you to head north, so you head north. Then it instructs you to go east, so you go east.
The problem is that the city you want to go to is south west.
As long as you’re heading in the wrong direction, you won’t reach the city you want to go to. In addition, all the energy you are expending by going North East, is a wasted energy.
Don’t just take action. Make sure the action you are going to take will enable you to achieve the goals you have in mind.
@@videohut4445 yes, you are correct…but ACTION does REQUIRE Knowledge as well. You think? 💭 ✊🏿👊🏿🙏🏿
Wake Up and Quit being A Debt Slave!
Listen Carefully to Robert 😊
A house is only a liability when its your primary residence
If an investment property doesn’t have positive cashflow then it isn’t an asset either.
@@derekallen5695Not all assets have to have cash flow. Most stocks don’t have cash flow (dividends), yet they’re the biggest assets for the richest people in the world.
You can use your equity to buy more properties as a HELOC and you can house-hack your residential property.
Bank won’t lend me jack. I know how to use debt and it’s free money. But the bank wants collateral. I have no car, no house. They don’t believe I will pay my little 3k credit card. They tell me, they’ve heard it all before. I need collateral even with 800 credit score and no bills. They want to see income without the loan. which is almost nothing. I wish I could have debt, I would pay it back early to go bigger.
You need to show them that you have cashflow if you want them to give you money, and if you’re financially educated, creating cashflow from nothing is gonna be easy for you, for example if you show the bank a business you have created from nothing that generates cashflow of 1million dollars, they will lend you 2million or even 3million, its same thing as pitching to an investor, you must make them believe you can create money flow otherwise they won’t give you their money, who do you think the banks are ? Institutional professional investors that’s the name of any bank
@@abbahcarter Yeah. I tried that. She looked right in my eye and said “I just fill out the form”. I have history of borrowing against my own little account. I fixed my credit doing that. These people are the equivalent to fast food workers. If they knew what they were doing, they would own the bank. I don’t need the debt, its just an accelerator. But I learned an excuse to buy a Cullinan. I’m borrowing against it. I’ll show those bank tellers an asset. You can count on it.
Where can you store your gold and silver?
If you mean physically just like Scrooge McDuck, find or create a place to store it, and good luck locking it.
Gold and silver are treated as commodities too (along with other uses in production), acquiring them is the same story as for buying/selling stocks, cryptos, currency, etc. They are stored (if) in a special Bank, If all the certified owners want to sell at the same time and grab the metals physically, the latest transactions won’t get to touch them on their hands, the difference is that gold and silver are limit (without requiring electricity) meaning they are guaranteed to go up in value little by little through time even when “their price” fall, why? It’s not a bubble, it’s world money (as long as this belief remains in world population). Now that’s what I think.
I played your cash flow game it’s great.
Great video Mr.kiyosaki.
Powerful stuff
Use the cashfliow from the LLC to add to your personal assets. If that LLC goes belly up your assets arent connected to the LLC. So that 1 billion debt is funny money, its what you do with the cashflow is what matters.
Guys i have a question: if I buy real state founds and that will give me some rent. Then with the rent I buy gold,silver,bitcoin and some bussiness(of course it’s a strategy for the future), besides my own bussiness. U think it’s a good strategy?
Get yourself financially educated first.
Rich Dad, Poor Dad is the best place to start.
Hi robert..thank you for your advice..we are now holding 1 m u.s. dollar worth of real estate and it’s cashflow positive..i also get benefits for my business tax..what you are saying are all true! It’s hard though..but we did it! Still working hard to be like you!❤️❤️❤️..thanks
Robert loves talking about gold because he is gold. Protect this man.
thank you my rich dad
Why not work to create cash flow to avoid the risks of debt?
So glad I found this channel, can’t believe the algorithm didn’t show it to me a long time ago. I grew up dreaming about one day being able to apply what I learned in the book Rich Dad Poor Dad… but life threw me a few curve balls. Having discovered this channel gives me the same excitement I experienced as a youngster dreaming about being financially independent. ✨Thank you Mr. Kiyosaki🙏✨
Excellent video but Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits 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.., I pray that anyone who reads this will be successful in life!!
You’re correct!! I make a lot of money without relying on the government,
Investing in stocks and digital currencies is beneficial at this moment.
!! $1million challenge right now. Already earning 545,000 biweekly
I’m feeling really motivated.
Could you share some details about the biweekly topic you brought up?
Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to Adriana Katherine
Wow 😱 I know her too!
Miss Adriana katherine is a remarkable individual whom has brought immense positivity and inspiration into my life.
I got started with a miserly 1500 The results have been mind blowing I must say TBH!!
hello from norway I’m retired at 47, went from Grass to Grace. This here reminds me of my transformation from a nobody to good home, honest wife,$35k biweekly and a good daughter full of ❤ I’m forever grateful Adriana Katherine
Hallelujah!!! I’m favored and blessed with $60,000 every week! Now I can afford anything and also support the work of God and the church.
Oh really? Tell me more!
This is what Melissa Jonas Richard does, she has changed my life.
After raising up to 60k trading with her, I bought a new house and car here in the US and also paid for my son’s (Oscar) surgery. Glory to God.shalom.
I know Melissa Jonas Richard, and I have also had success…
Absolutely! I have heard stories of people who started with little or no knowledge but managed to emerge victorious thanks to Melissa Jonas Richard.