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 ========================== 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 ========================== 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

Comments

1. debt = money, money = debt
2. Debt is a good idea until the market goes down
3. nice advice..if u dont hv money..use others...nice
4. Anyone know where I can find the full video? Also does anyone have any experience with "no money down" investing as Robert teaches it?
5. This is so lame. You should never invest others money in your business unless he is your partner. What happens if you lose all the money?? You run away from your city?? 😂
6. bad advice robert
7. What a pretentious wanker!
8. 33 dislike are BROKE people.
9. Debt and credit cards never do any good. People should stay away from them.
10. so did he use credit for the down payment or to payoff the WHOLE condo? How'd he make profits off it if he payed Credit?
11. for real estate sector only...ggffc
12. dave ramsey makes more sense... of course real estate investing in a good idea but not everyone can do it...its not easy as they make it out to be.
13. It's true you can't get rich without using borrowing and debt, that's just how it works. The key is managing debt wisely which a lot of people cannot do.
14. people fail to understand that $180 per month is monthly mortgage....even if he doesn't profit, he can easily break even
15. well I dont know one bank these days that would allow you a loan with the use of your credit card as a down payment. but I like his advice to further educate ones self.
16. Kiyosaki's advice: Get into debt, rack up your credit card, and just close eyes and hope that everything will work out in the end!
17. This would backfire catastrophically for some portion of the people who go out and try it.
18. How do I find a real estate investment class in Missouri?
19. kiyosaki doesn't teach anything.  He just gives hypotheticals.
20. best advice for me so far