Someday You’ll Lose Everything -Robert Kiyosaki

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Robert Kiyosaki and Rich Dad Advisor, Garrett Sutton, discuss how the rich use strategies to protect their assets for generations. One important lesson is that the poor own everything and the rich own nothing. We dive into discuss the different entities entrepreneurs needs to know about and which one protects your assets the best. Handshake agreements with someone can be the biggest mistake you make, and we speak from experience after all the lawsuits we’ve been through.

Start Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them:

Run Your Own Corporation: How to Legally Operate and Properly Maintain Your Company Into the Future:

Best known as the author of Rich Dad Poor Dad—the #1 personal finance book of all time—Robert Kiyosaki has challenged and changed the way tens of millions of people around the world think about money. He is an entrepreneur, educator, and investor who believes that each of us has the power to makes changes in our lives, take control of our financial future, and live the rich life we deserve.

With perspectives on money and investing that often contradict conventional wisdom, Robert has earned an international reputation for straight talk, irreverence, and courage and has become a passionate and outspoken advocate for financial education.

Robert’s most recent books—Why the Rich Are Getting Richer and More Important Than Money—were published in the spring of this year to mark the 20th Anniversary of the 1997 release of Rich Dad Poor Dad. That book and its messages, viewed around the world as a classic in the personal finance arena, have stood the test of time. Why the Rich Are Getting Richer, released two decades after the international blockbuster bestseller Rich Dad Poor Dad, is positioned as Rich Dad Graduate School. Robert has also co-authored two books with Donald Trump, prior to his successful bid for the White House and election as President of the United States.

#robertkiyosaki #richdadpoordad #millennialmoney

Facebook: @RobertKiyosaki

Twitter: @TheRealKiyosaki

Instagram: @TheRealKiyosaki

Cameron Long

  • Josiah Vanderham says:

    Love this! Gotta make sure you’re covered and don’t have assets in your name if you can help it! Get to know a good lawyer folks 🙂

  • El_Santo_Padre says:

    I love Garret’s tone of voice. You get every word embedded into your mind.

  • Beaugeto Star Mixed Bag says:

    This is a very great and helpful video 💰✨

  • Jose Diaz says:

    this is very eye opening. I really wanted to do business myself using my name, but now I have to come up for a name to make a company

    • Shawn Lover says:

      Do it now. Make a LLC and open a bank account even of no business yet. Get your mind started

    • Zander Stone says:

      You might be able to start the company under an entity, ie LLC but then utilize a DBA (Doing Business As, “Your Name”

    • Brandon Life & Family says:

      @Shawn Lover this is all old stuff from the 80s LLCs are being sued now, if it’s under your name well you own it then. This stuff doesn’t work anymore. Have to go a step farther now.

  • Smply Amzng says:

    I think one of the biggest threats to assets comes from ignorance of how taxes work

  • Fikunayo Iluyomade says:

    Sued Once, Lost Everything

  • Andy Martin says:

    Subscribed – these videos are GEMS of expert advice.

  • AmusementForce says:

    Moving out of the US is the best form of asset protection.

    • Oscar Tur says:

      Right! I was thinking the same. I live in Spain and of course the Rich and not so rich has companies but just for puting limits to your bussiness responsability, is not so dangerous as in USA to have properties in your personal name.

    • Apricot Computers says:

      I moved to Asia and Africa for protection. Just virtually live in the U.S. better than wearing a condom

    • t r says:

      lol i was thinking the same.
      while there are advantages to placing assets into a corporation, there also draw backs especially when your thinking of selling and eventually using the profit for a personal reason. I live in Canada and the only reason you would put something under a corporation is for tax incentives (a very good reason), we have laws and protection when an individual is being sued and their are limitations. We also have insurance protection by the government , where they step in to compensate entire population is under the same policy.

    • Apricot Computers says:

      @t r there*

    • igor taranchenko says:

      Moving alone wont save you from IRS. If you have US citizenship no matter where you live, you still have to pay taxes to uncle Sam.

  • Moni Triqui says:

    You’re my rich dad! Thank you for the advice.

  • Bryan Dynamics says:

    The more protection you seek for your business then the more it cost to protect it.

  • CYRUS GANDHI says:

    Hey Robert sir amazing video. Very informative. Just one question….If sole proprietor and partnership are bad ways to do business then why are they still existing. Why cant we just get rid of them??? we as in the government?

  • Micah Johnson says:

    Robert you’re a True Selfless Teacher,this 12 minute video is probably worth thousands of dollars,and rightfully so.

  • Spook Griffith says:

    One of the bestever, have no idea how I have missed it for a year n a half plus. Thank you very much. Alexandra is a perfect addition to your team. Thanks again

  • Greg Starr says:

    Now this is a GREAT eye opening clip! Excellent job!

  • Joe Zupko says:

    I like how at the end she clarified “We listen to smart people who know what they’re doing…” haha

  • Tom Washington Jr says:

    Great stuff🎉 Thank you 🙏🏽 ❤️

  • Bosupi MOgapi says:

    One of the few people/channels with real lessons. Thank You

  • No Carbs Nation says:

    Wish I knew 30 years ago what I know now! So much great information at your fingertips today!

  • Mooers Products says:

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    • Mooers Products says:

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    • Mia Cordelia says:

      Wow, I’m very surprised to come across Hamilton Phoebe Zoe the very same investment adviser my colleagues at work talks about and praise her skills and experience. Phoebe operates with Big investment firms but her services to average individuals is really philosophic. Indeed, Good deeds fly so fast.

  • yung says:

    The year is almost over and very glad about the decisions I have made so far. Investing in the market earlier this year regardless of the market conditions has saved my life. I made over 70k USD with a start of 25k in the last 7 months. I know it’s nothing compared to what others make but I’m glad I’m changing my finances

    • yung says:

      Spot on. The market presents different opportunities to create passive income, with the right skill and proper understanding you’re good to go.

    • Augusta J says:

      You’re right, the best time to buy in the market is when there’s fear. A huge part of my growth has also come during this bear market. This year alone, I have scaled from 180k to over 354k.

    • Augusta J says:

      I diversify my portfolio into real estate crowdfunding, stocks, and cryptomarket. Although I’m able to achieve this growing with *Olivia Charlotte Oswald.*

    • Sarah fletcher says:

      I’m very much aware of the great benefits of working with a pro but I haven’t found one for myself.

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