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@JungleListSoldier This video was just about the cash flow quadrant which he did a good job covering. It’s not about investment vehicles or what the X’s and O’s are persay.
@trancexprep84 Let’s say you bought an apartment complex. And each month after taxes and fees you make 100k in positive cash flow. Each month that income will come recurring, that is an example of passive income.
If you check out his other video “The Perfect Business”, he basically lets you know in the network marketing industry you can build a multimillion dollar business by investing under $500 because the marketing co. has taken all the risk. The product should be in a huge expanding market, be a unique consumable product, good timing (trend), & the ability to create leverage (others contributing to your income).
They either learned a lesson and start again or blame something for their wrong decision. All successful people(not just financially) knows that you have to be willing to fail in order to become successful.
The point is…all people won’t own their own business or invest.. All average joe cares about is whether he has enough money for a couple of beers at the weekend and a nice,safe,secure job!
That’s the thing, glad you asked that question. In order to succeed at anything in life, no matter what it is, you have to be willing to fail. Failing 100 times is always better than quitting once. That may sound cheesy, but it’s true.
@JungleListSoldier true. I love how he says I quit high school twice. It sounds like he trys to downplay his background to make us think hes a humble person.
Another thing is that his advice is so vague. “Start a business to be rich.” But he doesn’t tell you what kind of business or how.
“Be like Donald Trump or Warren Buffet.” ROFL, what a fucken joke. It’s like advising someone to be like the $300 million dollar powerball winner. Your chances are about the same.
What about people who lost everything because of a bad business venture? Kiyosaki acts like starting a business is the end all be all. It isn’t. Don’t get me wrong it obviously is MUCH better than any job (when it works out.)
I’d like your idol Kiyosaki to give my friend back his $200 grand he lost because of a shitty business deal.