The Secrets to Becoming a Millionaire with Real Estate – Robert Kiyosaki, Ken McElroy
In this episode of the Rich Dad Radio Show, Robert Kiyosaki, alongside real estate mogul Ken McElroy, dives deep into the world of real estate investment, offering unparalleled insights that could potentially alter your financial future. With over 25 years of friendship and millions in earnings together, Robert and Ken share their journey to becoming titans in the real estate sector, all while paying minimal taxes.
They share personal investment stories including their successful partnership in real estate that has earned them millions with minimal tax expenses. They discuss the keys to finding good deals, the mistakes new investors make, and the potential of raising capital without relying on one's money. They highlight the concept that the best deals are never advertised and caution against jumping into investments without proper knowledge.
Why Watch?
If you've ever dreamt of emulating the success of real estate tycoons or wondered about the true assets that can fill your pockets, this episode is your treasure map. Unravel the mysteries behind bubbles in real estate, stocks, and bonds, and discover why the aftermath of a market crash might be your golden opportunity. Delve into the significance of property management, the art of leveraging debt, and why your house might not be the asset you think it is.
00:00 Introduction: The real estate bubble and current economic outlook
03:00 The misconceptions about assets and liabilities
07:00 Property management: The key to real estate success
17:00 The essence of real estate investment and the journey of Ken McElroy
25:00 The significance of raising capital and finding deals
Facebook: @RobertKiyosaki
Twitter: @TheRealKiyosaki
Instagram: @TheRealKiyosaki
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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.
Cameron Long
Cameron is a seasoned CFO and CPA with 31 years in finance. He created the AI Trader's Playbook to help everyday investors use AI to find high-confidence trades — in minutes, not hours.
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Hi from Turkey 🙂
Love from India
(Smartest people on making money)
Hey from France
Watching from Bakersfield California
Brian Head Welch is from there. He was the lead singer of the band Korn.
He is now a born again Christian.
Robert u keep saying real estate is coming down can u explain what u mean
He can’t cause he is speaking a bunch of malarkey 😂😂
Prices are coming down but not much and will soon go up again
Hey, from Yemen
My heart hurts about what is happening to your nation. I have it on good authority that this proxy war is about destruction of your historical artefacts. Saudi doesn’t want the world to know Yemen has an older Kaaba. The technocratic elites dont want the world to know about the Saana manuscript.
They want us all poor. But they want you rich enough to give them money when you do Hajj and pay your Zakat.
Watching from New Castle, Pennsylvania. How do I find a good property manager. I’m not impressed with what I see here.
Great show
In ODAHO
Great video Mr.kiyosaki is a great time to buy while our economy is collapsing.
Hello from Papua New Guinea.
11:08 who are they talking about??
Grant Cardone
In Australia nothing is CF positive tbh when the avg appartment is 900k to 1.2M houses are more lile 2M unless you live on the outskirts of Sydney. So what is you advice?
As someone from Melbourne, you are wrong. My 2 in traralgon is pos. And the one on the Gold coast is purposely negative for tax reasons 😉
@stevefairley2535 positively cash can be used to leverage more debt and expand negative gearing is beneficial only from a narrow
Anybody got any infos about the event in Texas on August 28? Please
I love your another method from one of your books to make toilet papers😂 it’s so effective and I’m amazed by it! Thank you Robert! 🎉 you changed my life forever ♾️
I and my wife own single home family rentals. we have $200,000 left on mortgages. We are now the possibility of maintaining $70,000 annual income by selling and investing in stocks and bonds. How does this work out?
Real estate is a solid investment but demands effort and lacks liquidity compared to stocks and bonds. Long-term market trends should guide decisions.
Sell and invest option is viable, but crucial to consult a trustworthy cfp for income projections aligned with your goals…
or consult monicamarystrigle, thats my f/a over 3 1/2 years…
strategy is booming. browse you’d see lady first thing.
like bitcoin spruiked
the tax in melbourne Australia due to gov dept tax up makes it impossible to make money
Interesting discourse Rich dad poor dad..getting debt tough in Kenya…interest rates on bank debt is extremely high.Return on investment by investing in Real Estate may not service debt.sales are low,takes long sale a property..Interesting ideas from Robert Kiyosaki but may not work everywhere
I’m the next tycoon