Robert Kiyosaki – New Rules of Money
Robert Kiyosaki – New Rules of Money, Part 4/7: Assets Vs. Liabilities
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i like this video..thanks to Sir Robert Kiyosaki…
these are great videos. Keep posting rahulalryacam.
If a liability tried taking money from my pocket, i’d kick his ass!
Great Video,thanks for posting
Didhe say he had 1500 units ?
yes he did… whoa!
i love his idea and yes his book the cashflow quadrant is a mindset changer…
rahularycam- Where did you get this material? Was this on TV or is this a informational DVD?
he had 1500 units w/c has tenants who puts money in his pockets, CASHFLOWS into his pocket ^^
what does w/c mean?
This is just plain stupid. With the same reasoning having gold would be to have a liability. There is no revenue from gold, only the cost of storage. A house is an asset, the same way a kilo of gold is an asset.
@ekada77 Maybe you dont understand but the price of gold keeps rising its well above $1000 right now while in 2001 it was $250 an ounce if you dont call that a rise i dont know what you been smoking.
You’re 100% wrong. Unlike gold, your house is continually taking money out of your pocket. True it may increase in value over time, but unlike gold, you have to make repairs on your house. Gold puts money in your pocket when you sell it, but it doesn’t take money out of your pocket while you own it. Your home does.
1000-1500 rental units??? I only have 10. We’re getting schooled, people. He’s so philanthropic to be passing on his knowledge.
If you really analyze it, rental properties are a liability when massive or hyper inflation hit. 4% of Weimar Germans income went to housing.
@ajd1211 Im new to this financial talk, so I just want advise. my question is. Isnt a home a good investment cause you can rent it out and make money? People need to live in a place, gold cant offer that, right? so you will always be able to make money off people who cant afford an apartment or a home, by renting.