Go into debt to get wealthy? Here’s how: – Robert Kiyosaki

Robert Kiyosaki will be speaking LIVE in:
South Africa: http://www.nacsouthafrica.com/tv
Catch PART 1 HERE: https://www.facebook.com/srseminars/videos/1118521498191246/
Subscribe to access more great videos, or check out: www.SRPL.net
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As a young man I was in the Marine Corps in Honolulu. I asked my Rich Dad how to get rich. He told me to take a Real Estate course. When I asked him to teach me, he said, “I don’t have time to teach idiots. Your job is to be a student, then I’ll teach you.”

A little while later I remembered Rich Dad’s advice and signed up for three-day course called “Learn How to Invest in Real Estate: No Money Down!”

In Real Estate, you use debt to get rich. When people complain about being poor, I say, “you’re an idiot.” If you misunderstand debt, you’ll stay poor.

The Real Estate instructor said, “this is your education: look at 100 properties in 90 days, and write them up.” After 30 days, half the class had quit. They’re poor today because they couldn’t stick it out for 90 days. After 60 days, another half had quit. After 90 days, only 6 of us were left. Today we are all multi-millionaires.

How? We didn’t stop until we found what we were looking for. Only after getting through 100 properties in 90 days did I know which property to buy.

I still remember it: a little Maui beachfront condo in foreclosure. I walked in already knowing the numbers. A 1-bedroom condominium was $18,000, 10% down! I put it on a credit card. My first property was 100% debt. That was a very valuable education. – Robert Kiyosaki

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Robert Kiyosaki will be speaking LIVE in:
South Africa: http://www.nacsouthafrica.com/tv
Catch PART 1 HERE: https://www.facebook.com/srseminars/videos/1118521498191246/
Subscribe to access more great videos, or check out: www.SRPL.net

19 thoughts on “Go into debt to get wealthy? Here’s how: – Robert Kiyosaki”

  1. Good video.  To me, the main point is to finish the class!!   Put in the work and then you will have the ability to find great deals.

  2. One thing that is very wrong about this person is that – In his videos he acts like he is very confident in his methologies and ideas while when he was asked what his audience should think about his vids he answered “They are just for entertainment and not a professional advice…

  3. Rich Dad Poor Dad are living their claim. You don't need your money to get rich, you need other's money. Robert Kiyosaki will use your money to get rich.



  4. Only use 100% debt when the income property will have a positive net cash flow according to a Debt Coverage Ratio (DCR) of 1.5 or higher. That's the only way to tolerate recessionary pressure on income and expenses to avoid default.

  5. All these kinds of guys got rich off of a long boom due to low interest rates. They keep reinvesting the capital gains into more real estate ad infinatum. Works amaaaazing on the way up. But on the way down you're FUCKED. They got lucky. Making money in a bull market is easy. It feels like you made good calls to trade in and out but actually the whole thing was on the rise anyway.

  6. buy an investment house using the banks money. rent house out to cover repayments, rates , bills, rent out house for a few years when market goes up sell house make good money.
    house has to be in a sort after area. or
    instead of selling use the equity to buy second investment property and do the same just rent it out keep building property portfolio.
    keep ya own hard earned money on fixed interest.
    this has been working for me so far.

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