Rich Dad vs Ramsey – Alexandra Gonzalez
When Robert and Kim Kiyosaki started the Rich Dad Company many years ago, they did so specifically to provide an alternative to this standard, so-called expert financial advice.
The typical advice like “work hard, save money, and invest diversely in the long term,” aren’t ways to become financially free.
If the Rich Dad Company were going to give anyone advice, it would be this: there are so many exciting ways to invest your money and so many better ways to make your money work for you than just the standard advice to save.
Host Alexandra Gonzalez-Ganoza dissects advice from one of the most popular financial gurus out there and highlights the differences between the philosophies of The Rich Dad Company and our approach to finances.
It's important to note that while Rich Dad and other gurus offer valuable financial insights, their advice may be suitable for different individuals based on their financial goals, risk tolerance, and personal preferences. It's advisable for individuals to carefully consider various perspectives and tailor financial strategies to their unique situations.
Facebook: @RobertKiyosaki
Twitter: @TheRealKiyosaki
Instagram: @TheRealKiyosaki
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Please read carefully.
This is not financial advice. You may be asking, “What does that mean?”
Let me explain…
Do not just do what I, my team, or my guest say. That would be stupid and irresponsible. Take the education, then use your own brain and make your own decisions.
YOU must take responsibility for your future and your success. That is why you are here. Neither I, nor my team, nor my guests, know your risk levels, prior education, emotional maturity, or how much money you can afford to lose.
We are only telling you what we believe to be smart moves. But you must decide for yourself. There are NEVER guarantees.
Also, understand that we are REAL teachers. We practice what we preach. With that in mind, we often invest in the very projects that may be mentioned on this show. While it is never our intent, we could possibly profit from others investing in our recommendations.
Take the education we provide but then determine your own actions. If it does not make sense to you, get more education before you invest. We will continue to provide education and there will always be more opportunities.
Thank you for the continued content. Keep inspiring.
I came for drama between Rich Dad and Ramsey, but got a personal finance tutorial instead. Nothing is wrong with that, but it just subverted my expectations.
It might be coming after this
No drama here! Just pointing out mindset differences between the two. Who do you align with more?
@The Rich Dad ChannelI align with making more money.
@The Rich Dad Channel Kiyosaki and increasing income. I probably listened to 1 Ramsey video.
Thank you Alexandra, for priceless information
This girl is barely 30 and had a good mentor in Robert. She had every advantage in the world just like Dave Ramsey s kids
I’m pretty sure she worked hard to put herself in the position to be mentored by Robert.
“You can’t move forward when you’re cutting back.” – Bob Proctor (RIP)
Classic info, I must say a house is a liability. My father is stressing about the bills, he complains because he is on a pension. After working all his life the struggle continues. It’s the mindset, I must work hard, pay the mortgage, kids in education, pension believing it’s the ticket to the riches. The thing everyone forgets is the bills and property taxes which continue because it’s never ending payment. The problem is at the beginning going into long term debt and stuck in an unhealthy job. It’s the popular belief that’s in fashion, so sad many people are struggling because they don’t understand how to profit from liability.
Powerful, same applies to my experience. If we do not redefine wat is an asset or liability, we will be in the position…
This was a good Video. I watch both Ramsey and Kiyosaki. I disagree with some things from each, and I agree with others. Each persons dreams, health, circumstances etc is different. In the end, I’m just trying to have a fulfilled life with my family. And I wish you all wonderful success.
You have very valid points about how living below your means can be a trap, as well as the wrong kind of debt only compounds that problem. However, as someone who lives on there means not below them, I have a couple of points to make.
One live in Miami Florida, and I have been promised various salaries and hourly wages all to find out that they were not what was promised and it simply below my means so I turned the jobs down. I am currently unemployed or may as well be with the amount of work I get .
I am seeking to expand my means, and currently it is proving to be a very difficult endeavor. In fact, the most difficult endeavor I ever undertaken.
Three to help with this, I am expanding my knowledge in various fields and careers that would be likely to pay the highest amount possible in the lowest amount of time example becoming a deckhand, first mate/captain on yachts in Miami. Learning to manage food/coffee trucks also currently studying to become a real estate agent along with learning how the stock market works how money works and how credit cards and interest work.
For when you have an income of less than $2000 a month especially here in Miami it’s nearly impossible to live never mind below my means . Any help is welcome.
Please do more reactions like this!
I would love to see Robert kiyosaki and Dave Ramsey on each other’s podcasts.
With gloves on or off? I prefer the marine style. Gloves off.
Very good empowering advise! NGL, I recently went back into the “live below your means” mindset and cut back. But this reminds me to get back to the “how do I” mindset, and shift things to make more in order to be able to afford things.
5 stars! Could you please do a segment on how to be generous with more money such as donating more money to family, friends, churches, non-profit organizations and starting a cause or causes you are passionate about? Thank you so much!
I LOVE reactions like this, keep them coming!
Ramsey makes their money counseling poor people how to get out of debt. The problem is that doesn’t ever make you rich. Poor people get out of debt and then go back into it like a yo-yo diet. On a side note their definition of what a “millionaire” is is bogus AF. They would say a person with a 1 million dollar paid off house and no other source of income is someone you should be looking to for advice…
I began my investment journey at the age of 38, primary through hard work and dedication. now at the age of 42,I’m thrilled to share that my passive income exceeded $100k in a single month for the first time.this success reinforces the important of the advices mentioned earlier. It is not about achieving quick wealth but rather ensuring long term financial prosperity.
How can someone know a professional trader that’s trustworthy when legit once are hard to find these days is highly recommended..
After I came across investment platform of Mrs Mari Jane Bakker my financial life has totally changed. I’m not bothered about the market fluctuations.
Wow😮 I thought I was the only one trading with Mari Jane Bakker she currently manages all my funds too and she also provides webinars on how to trade perfectly without loss,but I haven’t started trading on my own yet, still building up my portfolio with her help for now
Mrs Mari Jane Bakker service is a talk of the town in North Holland Netherlands 🇳🇱, I started with a little amount of 1ETH, and she made huge returns, and I have been constantly investing with her
Alright thanks for the recommendation, but how do I reach her?
I believe it’s about how you manage but spending can also be investing it’s what works for you 🎉
Living with a disability for nearly 40 years until I am nearing 60 years old I felt I was blessed having a full time job and could put my money in a retirement account and let it grow as I was frugal living without debt. I traveled a little as I earned a median income and purchased a condominium but I do not have a driver’s license. Silent firing put me out of a job at least four times but I was able to gain a pension low may it be though it does cover my expenses. I now rely on government assistance for medical expenses and food assistance but I am grateful and proud that I worked with a disability for twenty seven years full time. Wealthy people should look at the disabled who cannot work or can only work a minor amount and put themselves in their shoes when they get a chance so they can get knowledge of what it is like to be one.
Love it love it LOVE IT! Definitely do more, but I’d let the video play (or at least the section that you want to address) to offer that transparency for new viewers.
Granted, most of us here believe how you summarized it was accurate, but others might want to hear the video without having to switch to the video (especially a 2+ hour long video) then back again.
Yes keep making these type of videos I appreciate them thank you 🔥🔥🏆🏆🔥🔥🙌🙌
Beautiful, both, content & Alexandra, very important message. You won’t be told that at school. It points that people are either intentionally thought to be dependant’s. In control by misterious government education system. To change that mindset is extremely hard but content like this is very important step. Thanks you Alexandra & your team!