Lets talk about Robert Kiyosaki, and why you’re likely seeing so many of his Rich Dad Poor Dad videos showing up lately - Enjoy! Add me on Instagram: GPStephan
The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://bit.ly/2STxofv $100 OFF WITH CODE 100OFF
Get 2 Free Stocks on WeBull when you deposit $100 (Valued up to $1000): https://act.webull.com/k/Vowbik9Tm5he/main
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
Rich Dad Poor Dad was an absolutely transformative book when I read it in my freshman year of high school, if even for the only purpose of distinguishing an asset from a liability. The fact that he was able to articulate such a complex topic in a way that children and young adults would be able to comprehend and internalize, was VERY impressive - and for that, I’m grateful.
And when he says our school system has failed our entire generation - I think he’s RIGHT! Not only is the cost of education way too expensive, but schools don’t teach financial education, they don’t teach you how to save on your taxes, they don’t teach you to think objectively and find your own answers…if anything, I believe schools are too structured, to a fault.
By keeping your focus within such a narrow confine, and by guiding you throughout the memorization of useless test answers, they teach you to follow someone else’s instruction rather than make your own independent decisions. So it’s no wonder why we have people who can’t operate without being told what to do, when to do it, and how to get it done. Hence, they train people to become “employees.”
But despite that, for anyone who’s suddenly started seeing his videos come out from the YouTube algorithm - it seems, to me, like a push towards his book promotion.
Which, I’ll admit - is an effective way to market, so I can’t blame him for doing what works. But overall, from all of this, my thoughts on Robert Kiyosaki haven’t changed…I think he’s got some GREAT general principles and life advice that’s perfect for someone who just needs a kick in the pants to change their mindset, and get them THINKING about entrepreneurship. But beyond the simple basics…I just don’t see it. I’d like to see some more practical, step by step, actionable advice rather than vaguely broad concepts - and I suppose that’s where the disconnect stems from.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://bit.ly/2STxofv $100 OFF WITH CODE 100OFF
Get 2 Free Stocks on WeBull when you deposit $100 (Valued up to $1000): https://act.webull.com/k/Vowbik9Tm5he/main
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
Rich Dad Poor Dad was an absolutely transformative book when I read it in my freshman year of high school, if even for the only purpose of distinguishing an asset from a liability. The fact that he was able to articulate such a complex topic in a way that children and young adults would be able to comprehend and internalize, was VERY impressive - and for that, I’m grateful.
And when he says our school system has failed our entire generation - I think he’s RIGHT! Not only is the cost of education way too expensive, but schools don’t teach financial education, they don’t teach you how to save on your taxes, they don’t teach you to think objectively and find your own answers…if anything, I believe schools are too structured, to a fault.
By keeping your focus within such a narrow confine, and by guiding you throughout the memorization of useless test answers, they teach you to follow someone else’s instruction rather than make your own independent decisions. So it’s no wonder why we have people who can’t operate without being told what to do, when to do it, and how to get it done. Hence, they train people to become “employees.”
But despite that, for anyone who’s suddenly started seeing his videos come out from the YouTube algorithm - it seems, to me, like a push towards his book promotion.
Which, I’ll admit - is an effective way to market, so I can’t blame him for doing what works. But overall, from all of this, my thoughts on Robert Kiyosaki haven’t changed…I think he’s got some GREAT general principles and life advice that’s perfect for someone who just needs a kick in the pants to change their mindset, and get them THINKING about entrepreneurship. But beyond the simple basics…I just don’t see it. I’d like to see some more practical, step by step, actionable advice rather than vaguely broad concepts - and I suppose that’s where the disconnect stems from.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
Fun fact Kiyosaki started with Amway, & lost money while in it, he left but this taught him how to grift success and mindset and make money by talking about making money.
saving is better than credit card debt. sure investment is risky
how? concepts yes but no step by step instruction leads to frustration and people giving up
but is it easy enough to follow in baby steps?
Once again great analysis. You seem to be going into great detail of things on your channel- appriciate solid analitical aproach like that.
I did not howver appriciate any of kiyosaki's videos. I feel like i wasted good couple of hrs from my life by investigating whether rhere is any essence and hidden interesting lesson to be taken from robwrts youtube videos and unfortunetely beyond advice on borrowing money against priperty's capital gain instead of selling it and pay taxes on it(as risky as it might be still good tool/skill), it was all pure fluff. Nothing new, loads of fluff and propaganda. Colourful characted though
Kyosaki- salesman. He has no obligation to be honest. That’s why all his content is recycled.
I don’t think actually that people can’t do anything without being told because of school. They I would say they go to school because they are people that don’t know what to do.
what I don't like from Kiyosaki is that he only invests in precious metals and real estate. That seems to be too narrow minded IMO
Great video, Graham. Always found this guy a little irascible and seems like a bit of a charlatan.
THE ONLY message I took from Rich dad and Poor dad is that you need to INVEST in assets and that's literally all you need to know. You then need to do research what assets and how to effectively make money. It's a good start to open your eyes and start thinking about financial literacy.
Graham you're a beast. I love your take
Kiyosaki is a douche. Use your money to buy some good glasses or contacts. You're a POS if you're not contributing by paying some taxes. Probably worse than a hobo holding a sign. I hate that guy. He's a douche. Actually worse than a douche. He's a used AIDS infected condom that deserves to be in Afghanistan. A little harsh but I've never seen him say that he takes his wealth to contribute to the bettering of society.
He is only interested in selling his book which as you seen amounts to not much!
Robert is a delusional old man, appealing to only those who are financial uneducated. He has a surfaced understanding of the economy at best, it’s an absolute nightmare for any economist to sit through one of his videos.
He’s obviously a fraud and a conman, and really a nasty piece of work.
To obtain financial freedom, one must either be a business owner, an investor or both, generating passive income particularly weekly or monthly basis. That’s the key to living a financially stability
Robert Kiyasaki doesn’t understand risk. He’s a bag blowing in the wind.
Rich Dad and Poor dad book is more informative Than Kyosaki's videos on youtube.
Because I think Robert's Videos aren't actually his real videos but someone behind the scenes making editing fake advice videos
and using it as assets to make money from us by claiming that is Officially Kyosaki in person.
Remember technology has advance so much that someone can even duplicate anyone's voice and make a deepfake video
without even realize if is true financial advise or NOT.
401k is a really good invention, I’d be doing that if I were an American – putting ur money into stocks of huge, old companies will most likely increase it over time without losing it –
His ways of getting into debt and buying real estate doesn’t make sense if you calculate the numbers – I can only calculate them for Germany, cause I live here – here you’d be losing around 2-12 percent every month on every euro you’ve spent and if you try to get out of that deal, be prepared to lose around 25-45 percent on every euro if you can sell it
I tried reading Rich Dad Poor Dad but after the first huge chapter, it seemed more like a story book than an actual learning experience. Didn't finish it.
The only real things and helpful videos
On you tube is how to repair a car everything else is All fakes😅
Very thorough as usual, great analysis!
Ankur Warikoo wrote a book on quote on the table
Imagine if you're asked the same question over and over again, are you seriously going to answer them completely different EVERY SINGLE TIME? Graham?
Gramah I really have respect for you, but this video is VERY manipulative.
Excuse me sir, you cannot say that this is a promotional video for his book, just for a simple reason: It is not HIS channel and neither it is connected with Robert in any way.
It's just somebody's video. NOT an advertisement.
PS: I really doubt Robert Kiyosaki cares about advertising his book, he's a millionaire if not a billionaire. He doesn't need to sell books in order to stay rich.
If you understand how the economy works, then you will know whether this guy Graham Stephan is using Robert as a cheap way to market this channel and this video, or he is telling the truth.
I recommend this book if you really want to understand the economy:
– "How an economy grows and why it crashes" By Peter Thiel
– "The changing world order" By Ray Dalio. For this book, not everything is about economy, but at least there is quite enough of it to understand some of the basic.
He does not talk about being Cash poor when you get over leveraged in your properties …. if your renters leave a key property and you suddenly don't have enough cash to pay the "good debt" mortgage, then you might loose the property or have to sell stocks low in order to get the cash … so that can be a big risk. But you are still in the game, unless you file for bankruptsy. Also, government retirement funds will never go bankrupt (as many Republicans warn) … ever. They will just reduce benefits in the future.
I love Robert Kiyosaki.
That man changed my life !!!
Kiyosaki only know who to fake Motivate and Sell books.
Kiyosaki is pushing gold and silver lol. You don’t need to tell anyone he’s a scammer. He’s now playing to the lowest and dumbest form of investor.
Why are you disrespecting…..😂😂😂
He had a partnership with kitko so he gets paid to push gold and silver
You work for 40yrs to have $1M in your
retirement, meanwhile some people are putting just $10K in a meme coin from just few months ago and now they are multimillionaires….
Screaming into the void at this point, but I get really annoyed when I hear this "school doesn't teach REAL stuff" complaint. It is possible that I'm blind to the teach-to-test problems of the american school system, but we get the same whining in Canada.
At the broadest possible scale, you learned to read, write and do arithmetic and think critically – that's enough to wrestle your way through filing taxes and establishing a personal budget. Technology classes often had a budgeting component, even if it was simply ensuring adequate use of a fixed supply of construction resources. I learned about compound growth in a pre-calc class, long after most kids had abandoned math shrieking "lEtTeRs AnD nUmBeRs?! wHeN aM I eVeR gOiNg tO uSe tHiS?" (because simple compound growth is an exponential function. Investment/Mortgage formulas are fairly unwieldy hunks of algebra).
Do you really need a whole semester dedicated to "making food in your kitchen is cheaper than buying it" and "If you don't have money saved for retirement, then you won't have money to spend when you retire"?