Why Paying Cash Is Keeping You Poor (What the Rich Know About Debt)
The rich have more debt than you'll ever have, and that's their secret. Robert will show you how to use debt the way wealthy people do: To buy everything you want and get richer in the process.
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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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Sounds like he’s reading an AI script
That’s why the logic is skewed. Driving a 4k car would not make anyone “less happy”. According to that logic, driving a Mercedes should depress you if Lamborghini is what you really want. In other words NEVER be happy
This is ai, deepfake technology. Looks real doesn’t it
The man is a millionaire multiple times over.
If you choose to believe that driveling conspiracy theory you just spewed all over the place, then there’s no help for you.
Think about it.
Two men borrow $500,000 dollars.
One man buys a $500,000 dollar house.
The other man buys a $500,000 dollar rental property that not only pays for the loan on the property, but all the expenses as well as a salary he puts into his pocket.
Which man has good debt, and which has bad debt.
@scotttoveyi contested that driving a $4k car would make you unhappy. Hes also definitely reading an AI script. The prompt was his, but the script is not.
@onestoppro
“i contested that driving a $4k car would make you unhappy.”
This is true.
It is especially true if the buyer is a good mechanic, enjoys working on autos, and intends to restore the vehicle.
That said;
I’ve seen people in the middle class which are not rich, make the same wrong assumptions regarding people that are poorer then them.
Robert Kiyosaki at least has a few million reasons to be a disconnected to those that are poorer than himself, yet at the same time, he is actually providing real world solutions that could possibly help those that are poor.
When it comes to those middle class individuals, their solution to everything is to apply “tough love” to every situation as though it’s a one size fits all solution, but works only on addicts that have not hit rock bottom yet.
“Hes also definitely reading an AI script. The prompt was his, but the script is not.”
I doubt it. Robert has been teaching these things for year, so it is very possible that an AI would use some of his past teachings as an example to generate scripts for others.
Besides, even if Robert used an AI to generate his script, that does not discredit what he is teaching.
You said your friend was happy and smiling when bought, main difference is he doesn’t need to spend 50 or 100 times more money to be happy.
That was not the lesson
@viktorpolasek6123lesson was dumb. Buying a Porsche won’t make you rich
@leninfernandez9279bro what? The lesson had nothing to do with the Porsche itself. Let’s say you want a McLaren. You go to a bank or private loaner and borrow money to buy an asset to pay off that McLaren monthly. After 3 years it’s paid off, you still have that asset pocketing you money. So instead of paying the McLaren debt it’s now putting money into your pocket.
The picture is borrow money to pay for an asset to give you luxurious things rather than wait until you saved up for that luxurious thing.
thanks for everything .. watching you since my 20 you changed my life!
Please provide audio translation option.
Understood. Thank you
Robot Kiyosaki
Awesome videos they remind me of your books 😊Thank you Robert
Robert is right use good debt
I learn from you rich dad now investing heavily on gold silver and bitcoin, you are truly like my rich dad
Getting wise early thank you for sharing this valuable advice
Is a metallic linen Speedster worth the risk when the currency is melting? Leveraging assets during an M2 money supply expansion only speeds up your journey to the slaughterhouse. The distinction between good and bad debt is irrelevant in a rigged system. Math does not require your consent.
Bro what? You voluntarily choose to be a part of that rigged system. What value is objects to you when it’s worthless to others? It’s all based on emotional thought. If you want it so bad have it to have you gain money. If you want it for luxury have something gain money to pay it off. One object is taxed by government and the rest isn’t. You allow yourself in that rigged cycle
Robert is spot on.
This statement from one of books.
“The direction of cash flow is everything.”
That statement made me think long and hard about money. This is the difference between good debt and bad debt.
This is the man to listen to.
Learn and apply what he teaches.
I’ve read several of his books.
Robert and Kim teach you how money really works.
My opinions on business, corporations, debt, taxes and inflation have radically changed for the better because of this man.
Forever grateful to u and Kim and your team Robert. I hope I can meet u one day to say thank u.
Please buy or listen to Rich Dad, Poor Dad. It will be one of the best decisions u make in your life.
Been following your for 20years never really watched your videos I am know 15 and matured been watching your videos recently gotta say your knowledge is gold appreciate Robert
Robert’s friend looking at this video thinking damn 😂
Great message Robert ❤
So what are the good debts? This video said a lot without really saying anything at the same time.
Thank you, Robert. Ii think God wants us to be rich.
I also believe that once we make money, we should turn around and help someone else raise themselves if they are willing to work hard and learn.
I have no time for knaves.
😘
1:43 is that Benicio del Toro?
Thanks Rober I am from Afghanistan l was poor person butn now I am millionaire beacause of you
How do you convince the banks or people to loan you all that money tho 🤔
This is on point 🎯 🎯🎯💯